What is automated crypto trading and how does it work?

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What is automated crypto trading and how does it work?
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  • 📰 Cointelegraph
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Have you ever woken up in the middle of the night wondering if your positions liquidated? It’s time for you to learn about automated crypto trading.

and operate directly on the blockchain, most automated crypto trading platforms are still APIs. The term API refers to an application programming interface that allows your account to communicate with a cryptocurrency exchange so it can open and close positions on the user’s behalf according to certain predetermined conditions.

Some automated crypto platforms have different characteristics, such as the hodl function on 3Commas. This doesn’t just trade; it also allows users to The main reason for this shift is simple: Bots can make decisions faster than humans. They are also not biased by emotions, so they can stick to their trading strategy even when the markets are volatile.

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