Types of crypto trading bots
There are many different types of crypto trading bots available. Some of the most common types include:
Grid bots: These bots buy and sell cryptocurrencies within a specific price range. They are often used to capture small profits in volatile markets.
Arbitrage bots: These bots buy and sell cryptocurrencies on different exchanges to profit from price differences.
Scalping bots: These bots make very short-term trades, often within seconds or minutes. They are designed to capture small profits quickly.
Trend following bots: These bots identify trends in the market and then place trades in the direction of the trend.