What is a crypto trading bot?

Crypto trading bots are hosted by platforms such as Coinrule, Cryptohopper, etc. These platforms create crypto trading bots with specific rules that apply to trades, but you can modify them to suit your specific aim. Perhaps the most impressive thing about them is that they trade 24/7, which is something no human can do.

What is a computer bot called?

They carry out useful functions, such as customer service or indexing search engines, but they can also come in the form of malware – used to gain total control over a computer. Internet bots can also be referred to as spiders, crawlers, or web bots. What is a computer bot and what is an internet bot?

How do bots work?

Typically, bots operate over a network. Bots that can communicate with one another will use internet-based services to do so – such as instant messaging, interfaces like Twitterbots or through Internet Relay Chat (IRC). Bots are made from sets of algorithms which help them to carry out their tasks.

Are bots safe?

Tasks run by bots are typically simple and performed at a much faster rate when compared to human activity. Though not all tasks performed by bots are benign – sometimes bots are used for criminal activities such as data theft, scams, or DDoS attacks.