The solution works on Binance, Bitfinex, Bittrex, HitBTC, Poloniex and additional exchanges are added regularly.
RevenueBot is an example of a great trading robot. It offers a number of unique and unusual features, including cloud trading, some social trading options, and a wide variety of currencies / exchanges to trade with. The stop loss and the trailing stop are particularly welcome elements here because they help you enormously in risk management.
The basic principle of the strategy is to buy a cryptocurrency with a fiat currency and then sell it with a cryptocurrency. The cryptocurrency is purchased with fiat and immediately becomes fiat.
The term HODL was coined on the Bitcointalk forum in 2013. It is not an acronym for a complex trading strategy, it just keeps the word misspelled. The author of the original post indicated that traders who were new to the game or unsure of their trading abilities were better off with their bitcoin in a bear market.
One of the best things about Bitcoin is its speed. Transactions can be carried out almost immediately thanks to peer-to-peer transfers on which Blockchain is activated.
This is the end of my cryptocurrency trading guide! I know I have given you a lot of information, but I think it is very important that you understand all the risks.
Certain exchanges have blocked access for American users. United States of America To protect you from US regulatory authorities. United States of America See the Additional Resources section above for a solution to this problem.
The number of exchanges supported is impressive 25. This fact also means more arbitrage opportunities, since many exchanges are followed and there is therefore a high probability of a large price difference between them.
If you decide to use cryptobots, do not forget to check them regularly during exchanges to take account of market developments.
In the early days of cryptocurrency trading, arbitrage was one of the main strategies traders used to make a profit, i.e. buy assets in a market and then sell them at a higher price in the other, making a profit for the difference. When cryptocurrency exchanges became decentralized, there were often large differences between the prices offered on the different exchanges, which meant that profits could be obtained by arbitrage.
There is also a paid version of this bot.