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       #Post#: 665--------------------------------------------------
       What’s the best crypto trading bot in 2020? — Top 8 Bitcoin Trad
       ing Bot
       By: cryptoDdave Date: May 19, 2020, 11:04 am
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       Nowadays, lots of teams provide crypto trading bot service on
       the market. It’s a hassle for a crypto trader like you and me to
       choose between these services.
       When should you use Crypto trading bots?
       We have touched on this point a little before, but many
       functions that a well-executed bot can conduct for you are
       rebalancing, portfolio management, data collection, smart order
       routing, etc.
       What exactly can you improve with trading bots? Let’s take a
       look.
       #1 Repetitive Tasks
       Repetitive admin tasks consume a lot of time and effort. A
       trading bot will allow you to virtually “copy and paste”
       specific tasks to conduct trades with ease. One of the best ways
       where bots can help with repetition is in periodic rebalances.
       If you want to conduct hourly rebalances, then you’ll need to,
       as the name suggests, rebalance your portfolio every hour. So,
       you have two options:
       [list]
       [li]Set the alarm every hour to rebalance the portfolio and lose
       your sanity in the process.
       [/li]
       [li]Create a trading bot and program it to rebalance your
       portfolio every hour till the end of time.[/li]
       [/list]
       #2 Timing
       Timing and achieving a high degree of accuracy in your trading
       is essential for trading. Every single trade that you make can
       have an enormous impact on your potential earning. Let’s take an
       example. Suppose the price of Bitcoin is going down, and you
       want to sell your position the moment BTC hits the $8,750
       support line. If you were to do this manually, you’d have to
       patiently and carefully observe the price chart, and even then,
       you may not pull the trigger at the right time. The bot can be
       easily programmed to monitor the market and execute a trade at
       the correct times.
       #3 Complications can be simplified
       Consider the example of “smart order routing.”
       [list]
       [li]The idea is to route trades through numerous trading
       pairs.[/li]
       [li]Every single trading pair needs to be carefully determined
       as per its timing, asset quantity, and trading price.[/li]
       [li]This entire route needs to be finished within a specific
       time-limit before the market conditions change.[/li]
       [/list]
       It seems pretty easy-to-understand, right? However, the
       execution of this trade could be nearly impossible. This is just
       one of the many examples of the several complexities that should
       be factored in while training. Some strategies could be almost
       impossible to implement.
       Trading bots could be used to automate these complicated and
       seemingly impossible strategies with ease.
       The best crypto trading bot in 2020
       #1 Pionex — Crypto Trading Bot within the exchange
       Don’t need to hassle with the API Keys while using Pionex. So
       far, there’re 9 crypto trading bots on Pionex: Grid Trading Bot,
       Leveraged Grid Bot, Margin Grid Bot, Infinity Grid Bot, Reverse
       Grid Bot, Leveraged Reverse Grid Bot, Dollar-Cost Averaging Bot,
       TWAP Bot, and Trailing Take Profit Bot.
       Pionex is the exchange with the in-built crypto trading bot.
       It’s one of the best trading bot platforms for cryptocurrency
       I’ve ever seen since 2017. (the year I start buying crypto :P)
       It aggregates the liquidity from Binance and Huobi, and provide
       free trading bot upon it.
       The trading bot on Pionex is easy to use. And mostly I prefer
       trading bitcoin with these trading bots. Bitcoin has a higher
       market cap, and it’s the center of the whole cryptocurrency IMO.
       Pionex is safe and has been granted the MAS and MBS licenses
       from Singapore, and U.S. Pionex is the first crypto trading bot
       on my list.
  HTML https://www.pionex.com/en-US/
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