Automated Crypto Trading: What You Need to Know About Crypto Bots

Automated Crypto Trading: What You Need to Know About Crypto Bots

A wide choice of cryptocurrencies, a handful of possible strategies, and quite a few tools one can use can easily overwhelm a new trader. The necessity to study the market and stay alert 24/7 will quickly turn your part-time gig into a full-time job. Luckily, you don’t have to do everything by yourself.

Automated trading allows you to trade without your actual physical presence. Just set up a trading bot to follow a strategy and carry it out depending on the price, technical indicator, or your portfolio’s value. The best part is that you can combine your automated trading experience with other money-making activities, be it holding, staking, or crypto futures trading.

The Basics of Automated Trading

While some newer crypto bots use smart contracts and operate directly on the blockchain, the majority of automated crypto trading platforms still come as APIs. API allows your account to connect with a crypto exchange and open and close positions on your behalf based on the predetermined set of rules.

One of the biggest advantages of crypto bots is that they are not people. They work around the clock and can immediately react to any new trend or event in the market. Also, they have zero emotions, never fall off the track, and can use signals, filters, and technical analysis.

There are several types of crypto trading bots, but arbitrage or grid trading ones are among the most popular options. The arbitrage bots take advantage of the price change on different exchanges, and the grid trading is focused on the ‘buy low, sell high’ strategy.

In fact, manual trading is not as popular as you might think. They say algorithmic trading bots are responsible for up to 80% of the crypto trading volume. Although typically they come with a fee, they surely are in great demand among all types of traders and definitely worth checking out.

Where to Start

Keep in mind that crypto bots cannot eliminate the risks completely, but help you automate and, thus, improve trading processes. This tool can help both experienced and new traders gain their profits. However, to properly set it up, you’ll need to have at least a basic understanding of the market as well as trading rules and tools.

Once you choose the bot, you need to log in to your trading account on the exchange and generate API keys and add them to the bot. Then you’ll be able to set up the rules yourself or via templates, and pick a trading strategy, trading pair, and desired position.

After you’re done with the basic settings, you can configure the detailed ones. At TradeSanta, for example, you can choose a take-profit target and a trailing take-profit target. Moreover, you can set up a number of extra orders and order volume. In case you tend to use risk-management tools, activate a stop loss. And if you want your bot to use technical analysis, pick the desired indicators.

Once the bot is live, all you have to do is monitor the results and correct the strategy when necessary.

TradeSanta and HitBTC: the Perfect Match

As HitBTC Exchange and TradeSanta crypto bot have been working together since the very beginning, the exchange made sure to build a solid foundation for TradeSanta bots and their expanded functionality.

HitBTC has been operating in the crypto market since 2013 and supports more trading pairs than most modern-day exchanges. Large trading volume along with low fees, diversity of trading tools, and continual improvement of its services make HitBTC one of the best options for traders, regardless of their previous experience.

On top of that, HitBTC features margin trading, an OTC desk, and perpetual futures and TradeSanta bots work with all of these features, allowing you to benefit from all kinds of trading styles.


Automated crypto trading is not a magic bullet that keeps volatility in check and frees you from the risks. It is a solid working tool to simplify your cryptocurrency trading and optimize all the processes. Crypto bots are relatively easy to set up, and they can help you navigate the world of crypto trading 24/7 and spare you from the unfortunate consequences caused by emotions.

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