Cryptocurrency trading can yield juicy profits but it is not as easy as investing money and receiving more, since it is necessary to have a solid knowledge about price fluctuations in the market and to recognize the indicators to confirm possible entries.
For this reason, beginning users have options such as Bitcoin automated trading platforms, which are responsible for carrying out trades for you and even process signals from Telegram groups. Each trading software is designed to achieve a certain percentage of return, so we can partner with one and learn about the market in the process.
If we are going to entrust our investments in the crypto market to software, we must ensure that we are choosing the best. To do this, we will review the best bitcoin automated trading platforms available so far.
CryptoHopper is one of our favourite bots for functionality/simplicity/results. It is very easy to program, especially if you compare it with other options. It also allows you to use signals automatically. Lots of flexibility and Exchanges. This bot is undoubtedly one of the most powerful on the market.
It works perfectly doing operations for you in the most important exchanges such as Binance, Kraken, Coinbase Pro, etc ...
Like all bots, it requires monitoring and adaptation to the temporary characteristics of the market, but this option also has a large community that constantly shares the best configurations and results. The Cryptohopper platform is easy to use and has multiple options for the user's needs.
Pros and Cons
In a bull market it is easy for the robot to double and triple the amount of BTC and ETH invested quickly. However, it is important to be alert and when the market becomes less favourable, make the robot much more conservative and it will make you accumulate bags (coins that remain unchanged because they lower their value in BTC).
Zignaly is a powerful solution developed with the cryptocurrency market in mind. The latter is one of the characteristics that most differentiate it from other automatic trading robots.
The Zignaly platform is integrable with exchange companies such as Binance, Bitmex, Poloniex, Kucoin and Bittrex, it includes integration with the most outstanding signal systems currently such as Mining Hamster Signals or Crypto Quality Signals, with which the robots will operate following the indications of these renowned real-time signal providers.
Platforms for automated bitcoin trading and signals will never have 100% return, although Zignaly performs exceptionally well within this market.
But this is also one of its limitations. Since in comparison it does not have as many options and strategies as the previous programs.
This platform is responsible for receiving signal notifications and automatically operating with these notices. This method tends to give better results than that of programming an automatic bot because behind these signal services there is a supervision of experienced investors who are in charge of filtering the data and warnings that they generate.
You can try Zignaly for free for a month, and also its monthly fee is one of the cheapest on the market so it is quite easy to achieve its profitability.
Pros and Cons
Zignaly has a friendly interface and is cloud-based, with trading options such as Trailing Stop Loss and a long list of cryptocurrencies. The disadvantages of this platform are that some of its options are more suited to experienced traders and involves high-risk trades, so amateur traders should proceed with caution.
There are many other Bitcoin Automated Trading Platform in the market that can be used in order to trade and handle digital currencies. This is why you should do your own research and understand which is the service that offers you the best solutions and the one that would fulfil all your trading needs.
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