![]() The programming language that you choose depends solely on the features and functions that you want the trading bot to have. Node.js versus python-crypto trading bots While downloading an open source trading bot is cheap and requires minimum development time, it’s harder to build and adapt to its trading algorithm, create a unique set of features, or fix bugs or security issues. Creating a bitcoin auto trader requires a lot of time to build its algorithm and ensure that it has no exploitable security flaws. Large organizations with access to more resources and professionals can develop more robust bots than someone working independently. Given the fact that the market is flooding with trading bots, high competition remains one of the challenges for someone writing his bot. Most of them are configured to work on many well-known crypto-exchanges such as Gemini, Huobi, Kraken, Poloniex, Bitfinex, etc. Consequently, bitcoin trading bots are becoming popular in the bitcoin trading space. ![]() However, a large percentage of them lack the skills or the time to analyze crypto trading charts. Consequently, it’s no surprise that a majority of people are trading bitcoin as a way to generate passive income while they work their regular day jobs. Bitcoin, the first decentralized digital currency, remains the most popular and expensive cryptocurrency to date. There currently exists a vast array of cryptocurrencies in the market. Cryptocurrency trading bots and trading algorithms variety Unlike stock trading bots, crypto-trading bots are generally less expensive and can be used by anyone, newbie or pro. One can acquire a trading bot for free via an open-source platform, get a licensed one at a fee, or with enough technical know-how, create one. Most traders configure the bot to a set of customized pre-programmed rules that use market indicators and trends to execute the trader’s trade preferences. A trading bot takes the monotony of pushing the buy and sell button physically and trades on the trader’s behalf. A cryptocurrency trading bot is a software program designed to recognize the crypto-market’s trends and automatically execute trades.
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