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Automated Trading

What is Automated Trading?

Platforms for automated cryptocurrency trading are programs that trade cryptocurrencies on your behalf. You must create an online account with a trading bot, choose a trading strategy, and use that account to use an automated cryptocurrency trading platform. Once you've decided on an automated trading bot, the software will purchase and sell your bitcoin on your behalf based on the settings you've chosen.

Crypto bots can purchase and sell your bitcoin considerably faster than you can since they trade using the software. Use a bot to place more accurate market orders if you're trading based on a trading indicator. However, there may be security concerns. Although most crypto bots are secure, to use one, you must save your crypto assets on an exchange. Your chance of being hacked rises if you hold your cryptocurrency in exchange. Use a hard wallet for better security.