Cryptocurrencies are an intriguing phenomenon in today’s crypto markets. Cryptocurrency exchanges and long-term investments in these assets have proven to be highly profitable investing tools, with digital coins gaining popularity rapidly and becoming extremely popular. Now we have AI crypto trading bot s that claim to be able to trade more profitably than humans. Is it true? Lets find out!
The process of understanding and implementing bitcoin investing requires a great deal of patience and skill. As more tech-driven tools become available, investors and traders increasingly rely on AI and machine learning to assist them in their investing decisions. One of them is an AI trading bot.
What is AI Crypto Trading Bot
AI crypto trading bot is a software program that automates trading tasks, such as selecting, buying, and selling cryptocurrencies based on parameters set by the bot’s programmers.
AI crypto trading bot is more efficient, and they don’t require users to spend a lot of time studying different strategies and parameters. Non-professional traders can leverage profitable strategies with them, making them a great option for those looking to get into AI crypto trading.
Several AI crypto trading bots have emerged because of their smart technology. This article will review AI crypto trading bots and their benefits. Let’s dive into it!
1. FapTurbo (Recommended)
Fapturbo deserves a spot on this list since it is the only robot that has ever traded in live trading twice as profitably as in backtesting for 11 years! The Fapturbo bot can and has produced 80-100% profit in LIVE trading if you backtest a robot and it makes 100% “demo” profit in one month.
A multi-currency forex robot for MetaTrader 4, FapTurbo includes detailed instructions, a Bitcoin robot, a Bitcoin indicator, and dedicated 24/7 support. The product also comes with a 60-day money-back guarantee if you are unsatisfied with its performance. Alternatively, you could try a risk-free trial of FapTurbo. Despite that, many better options do much more, such as backing up their claims with verified accounts.
For what is worth I personally started using Fapturbo back in 2011 and have had superb results! Fapturbo is the only AI bot that I recommend. Not that there are no others that are legit. It is simply the only one that I have personally found reliable enough for me to put my money into.
Trading sentiments, crypto trades, and insights can all be copied on eToro’seToro’s copy trading platform. Crypto traders can be followed for free or for a fee. From the platform’s feeds, you can see your followers’ portfolios, profits, and other information. The eToro platform does not have a dedicated trading bot program, nor is it possible to trade using bots.
NAGA is a crypto AI trading platform as it enables automatic copy trading. At least $250 must be deposited before this can be done. With the Naga copy trading bot, any trader, regardless of their skills in trading or bot coding, can earn income from investments with a steady or fixed return on investment. By auto-copying traders with predictable returns or fixed strategies, this is possible.
Furthermore, it has an inbuilt wallet with features such as depositing, receiving, withdrawing, sending and holding cryptocurrencies. Cryptocurrencies can also be swapped for one another when trading. More than 40 cryptocurrencies are supported by these features – including auto copy trading.
Based in the United Kingdom, the cloud-based trading bot was founded in 2017. Several cryptocurrency exchanges are supported, such as Binance, Huobi, Bitfinex, OKEx, and HitBTC. There are no fees associated with crypto AI trading on this platform. More than 7,000 trading strategies are available with it, which allows you to create multiple trading rules.
Users can use TradingView to share trading tips and strategies, but it does not support Technical Analysis (TA). Multi-currency crypto AI trading is possible with it.
Benefits of Using AI Crypto Trading Bots
The popularity of cryptocurrency trading has skyrocketed in recent years. Bitcoin and other cryptocurrencies are becoming increasingly popular as their value continues to rise. One of the best ways to do this is using AI crypto trading bots. Let’sLet’s take a look at some of the advantages of using a crypto trading bot!
An advantage of using a crypto trading bot is that they are extremely easy to use. It is simple to set up a bot and let it trade on your behalf, even if you have no experience in the cryptocurrency market. You must connect your bot to your exchange account and configure it to trade according to your preferences. Using a bot also allows you to experiment with different trading strategies without risking your own money. Learning about the market and finding a strategy that works for you before investing your money is a great way to get started.
2. Risk Management
Crypto trading bots can help you manage risk, which is one of their major advantages. Trading manually, for instance, can lead to making a mistake and buying or selling at the wrong time. A big loss could result from this. You will be fine with buying and selling using a bot. As a result, you will only make mistakes that could cost you money.
AI trading bots can also help you manage risk by allowing you to trade with leverage. Using leverage, you can invest more money than you have on hand. For instance, trading with a leverage of x100 means you can trade $10000 with $100 in your account. It’sIt’s possible to make more money, but it’s also possible to lose more.
Crypto trading bots offer transparency, which is one of their advantages. The benefit of using a bot is that you know exactly what is happening with your money at all times. Your account balance and trade history are always visible; there are no hidden fees or commissions. In addition to helping you remain disciplined, crypto trading bots have another advantage. Trading cryptocurrencies can be emotionally draining, but bots can help you focus on your goals. Following your bot’s instructions can prevent you from making impulsive decisions that could cost you money.
The cryptocurrency market can be a profitable venture, but it can also be risky. Crypto trading bots are a great way to reduce risk and maximize profits. The benefits of bots include ease of use, risk management, and transparency. Furthermore, they can keep you focused on your goals and disciplined. Crypto AI trading bot could help you make money in the cryptocurrency market if you are looking for a way.
Note: Never assume that every representation on a sales page is true. Look for reliable history and live trading results. Good Luck and happy profiting!