Post
Topic
Board Trading Discussion
Re: Trading Bot (help!!)
by
Lakai01
on 02/06/2020, 08:51:07 UTC
-In your opinion, what is the best trading bot service/platform? I have seen many creating their own, and i can create my own if i put time into it. of course it wont be nearly as good/efficient as something like cryptohopper, but what is your best website for trading bots? factor in price, efficiency, ease of use, etc.

Since other posters have already answered your other questions here, I would like to answer only this question.

I had set up a trading bot based on gecko in 2017. It is open source and yet quite common and well known, so you can find tutorials and how-to's relatively easy. But the bot requires that you are technically experienced enough to install it on a server (could be a Raspberry Pi for example). So if you would like to try trading bots just once and should not incur any costs, this would be a possible solution for you.

Before you start with the Trading Bot you should inform yourself about the tax aspects of trades. Depending on the country you live in, taxes may already be payable when you switch from Cryptocurrency A to Cryptocurrency B, which will immediately reduce your profits from the bot.



10% profit in one day is not impossible trading bitcoin, especially with all the leverage available today.

If you mention leverage, you should also say that you can not only make 10% profit with it, but also it is also possible to lose the x-fold of that in the blink of an eye.