What is BitMEX software?

BitMEX Software. This is an adaptation of the popular Liquidbot, written in Python. This trading bot allows traders to quote continuous two-sided markets. The BitMEX Market Maker supports permanent API Keys and is a great starting point for implementing your own trading strategies.

Is BitMEX legit & safe?

Yes, BitMEX is highly rated and one of the safest exchanges for margin trading cryptocurrencies. Here you will not find spot trading but one still has to deposit BTC in it, and that’s why they have stringent security measures in place.

What is a bot and how does it work?

A bot is a software application that is programmed to do certain tasks. Bots are automated, which means they run according to their instructions without a human user needing to start them up. Bots often imitate or replace a human user's behavior. Typically they do repetitive tasks, and they can do them much faster than human users could.

How does a bitcoin trading bot work?

In other words, the bot will buy, sell, and trade cryptocurrencies in an autonomous manner, subsequently allowing you to access multiple markets on a rolling 24/7 basis. However, it is crucial to note that Bitcoin trading bots – or any automated trading bots for that matter, do not have the capacity to ‘think’.