What exactly is a crypto trading bot anyway? Cryptocurrency trading bots are basically software programs that often leverage artificial intelligence and machine learning to observe the market and automatically execute cryptocurrency trades in line with predefined algorithms.
What is automated crypto trading?
The newest and most secure form of automated crypto trading are automated trading bots that operate on the blockchain. Instead of using a website or API, tokenized crypto trading uses smart contracts on the blockchain.
How do crypto arbitrage bots work?
Crypto arbitrage bots compare the price of cryptocurrency coins and tokens across different exchanges. Every cryptocurrency exchange will have a slight variance between crypto prices, determined by the participants on that exchange. The only way to capture the variance fast enough and seize profit is to use an arbitrage bot.
