What is a crypto trading bot?

Crypto trading bots are automated tools that help you as a crypto trader conduct your trading and execute transactions using some technical indicators. You can customize your crypto trading bot to execute trade orders on your behalf according to certain specifications.

How do AI trading bots work?

Regular trading bots typically use basic algorithms based on technical indicators or price fluctuations. On the other hand, AI trading bots utilize more intricate algorithms like neural networks that can detect patterns and connections not obvious to human traders.

Can a bot make a purchase on a cryptocurrency exchange?

Although market and limit orders are available on the vast majority of, if not all, third-party cryptocurrency exchanges, it is important to remember that a bot can do this for you when certain conditions are met. For example, if the price of Bitcoin goes up by 3% in a 4-hour period, you can instruct the bot to make a purchase.

Is tradehub a good crypto trading bot?

TradeHub is a turnkey crypto trading bot you can start with for free with their 14-day trial. It features countless trading strategies based on three basic principles of DCA, Grid, and Short. TradeHub is super secure. They don’t store your funds; instead, they use API keys provided by your exchange and encrypt the trade data.