Bots automate the manual actions a user would normally take when trading crypto.
- Based on conditions you select, they execute buy and sell commands triggered by signals.
- The signals monitor the price movement of coins based on API connections with the crypto exchange and then follow your commands when market conditions permit.
- Using multiple signals can create complex trading strategies that are difficult to execute manually. Among the most common automated trading bots are DCA bots, Grid bots, Options bots, Arbitrage bots, and HODL bots.