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The Cryptocurrency market cup has largely grown as the market continues to stabilize.
The cumulative market capitalization of cryptocurrencies was $237.1 billion in 2019 from $128.78 billion in 2018. The success of the digital coins and the efficiency of the technology behind it has attracted many people to invest in this market.
While the technology behind the digital coins remains efficient, the limitation of fully exploiting the potential of the market rests upon the human resource. Investors find it challenging to keep up with the faster-generating data essential for making an appropriate investment decision. Additionally, the investors cannot trade round the clock even though the market operates 24/7.
The introduction of trading bots complements the human resource to exploit the market potential fully. Cryptocurrency trading bots are computer programs that connect to the user’s cryptocurrency exchange account and make trades on their behalves. The bots work with a variety of indicators and signals, such as moving averages and indices. Cryptotrader is one of the popular trading bots.
An intelligent web-based auto-trading platform for digital coins. The entire platform of this program is based out of the cloud. Therefore, the users can enjoy services anywhere at any time without the requirement of any specific hardware.
If you are interested in this bot, you simply sign up through the website and then you get access through your username and password. After signing up, you can select a plan and then start implementing the strategies that you would want to trade on. You can orient your bot before you start using it.
The following are the important features of Crypto Trader.
Crypto Trader is cloud-based: the entire operation of this bot is conducted over the internet. You do not need to meet any hardware or software requirements. Instead, you only need access to the internet and you can operate the bot through a web browser.
Crypto Trader supports multiple Exchanges: this bot features many exchanges on its panel. You can link the accounts that you have with the supported exchanges and then the bot can handle the trading responsibility.
Backtesting: Crypto Trader bot provides an option for the backtesting of strategies before one implements them for live trading. The user runs the strategy on the past market condition for various coins to test the success of the strategy.
Live Trading: Crypto Trader servers are fast with no delays and lags on the user's portfolio. It accurately detects price changes almost instantly.
CryptoTrader provides the option of buying strategies from the market place. Therefore, the users do not need a hardcore requirement of experience or special skill in programming to operate the Crypto Trading bot.
A new user can simply opt for one of the strategies that are widely used by many traders while learning how to customize your bot. The bot also offers some free strategies that help beginners to learn better about the strategy of backtesting.
Therefore, beginners can learn and be acquainted with the trading process through trials, before advancing to live to trade. Crypto Trader also has an intuitive user interface to accommodate even the beginners.
CryptoTrader does not have any access to your funds at any time. Additionally, users are not required to transfer funds to trade through Crypto Trader.
This bot works through an API integration that allows them to perform trade on supported exchanges. API keys are generated by the user's exchange. They give the bots restricted access to the accounts of the user. The bots can only execute trades, but not obtain withdrawal rights.
Therefore, even if a security breach occurs, the malicious party would not directly access your funds. The team also assures the users that they strive to protect all user data, emails, and additional personal information.