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Bitcoin and the Auto Trading Robots

Bitcoin and the Auto Trading Robots

Bitcoin is a unique financial vehicle, something totally different from what has been there in the past. It is basically a crypto-currency, because it uses cryptography to create and control money. There is usually no physical money to talk of in this kind of trade because the money traded by traders is usually in electronic form. Traders can send or receive bitcoins. To do this, you will need an email address and internet access. You must be online long enough for the transaction process to be completed and in order to determine when to buy or sell Bitcoins.

However, many Bitcoin traders have no time to stay in front of their computers the whole day, which is why trading robots are becoming very popular in the Bitcoin world.  A lot of people that trade Bitcoin are those that are looking for a way to generate passive income. Some have regular day jobs and other responsibilities that take much of their time. They only have little time to trade, which is why they rely on trading robots. Fortunately, there are many trading robots that have been designed to trade Bitcoin. It only becomes a challenge when choosing one that you can fully trust. Here are some of the robots to look out for:

1. GEKKO

This is an open source trading software that is mainly found on the GitHub platform. The program is actively developed as a way to provide newer and better features to its users. It is a very easy to use software, therefore using it will be very straightforward especially for beginners. It comes with some basic strategies to help users get started too. It is not a high frequency system, therefore may not be the best to use if you want to exploit extreme opportunities.

2. ZENBOT

Here is another open source trading platform for Bitcoin traders. It is available as a download for the user to access it. Users are free to modify its code to suit what they prefer to use. The software is very intelligent, therefore can be used for high frequency trading. It is capable of supporting more than one asset at the same time. The problem is that it is not as updated as regularly as it should be.

3. HAASBOT

This is a very popular trading software among many Bitcoin traders. It is designed in such a way that it does all the trading work on behalf of the user. The program supports all the major exchanges to allow its users to trade more on different types of assets. It can be quite costly though, therefore you have to use it more, with a lot of commitment to ensure that you are making more profits from it.

4. TRADEWAVE

This is a trading platform that allows its users to create automated trading strategies for use in their Bitcoin trading. It is therefore not a robot like all the others. The platform can be connected to all the major exchanges in order to enable the trader to trade live in just a few minutes. The platform is a community too, where traders share ideas and trading strategies that users can try out to see how they work for them. It is not free; therefore, you should maximize your profits to make it worth your use.

Trading robots are meant to make your work easier and at the same time ensure that you are watching the markets every minute of the day, even when you are physically not there. They are therefore, a great way to trade Bitcoins for better returns.