4 most frequent asked questions about crypto bot trading

Crypto bot trading has definitely become a trend in the past few years. Maybe you also want to start crypto bot trading yourself. What should you know before you start trading? In this article you will find an answer for the five most frequent questions about crypto bot trading.

Question 1: How does a crypto bot work?

This is definitely the number 1 question people have about crypto bot trading. How does a crypto bot work exactly? How does it make decisions? A crypto bot bases its decisions on the built-in strategies that it has. Thereby it also uses the rules that the user has set up in the settings. This means that you can still decide which trading strategy the bot uses, but you only have to set this up one time.

Question 2: Is crypto bot trading legal?

Some people are not sure if crypto bot trading is legal or not. We can be very clear in this matter: crypto bot trading is fully legal in the stock market.

Question 3: What is the best crypto bot?

Before you start trading you will have to choose a crypto bot. It's hard to determine which crypto bot is the best for everyone. You should define what you want and look for a crypto bot that meets your personal needs. Still there is one crypto bot we can recommend: SmartCryptoBot. This bot has some new built-in strategies and it trades superfast. It's suitable for starters and for advanced users. If you want to try the software, you should check out the website of this crypto bot.

Question 4: What are the benefits of a crypto bot?

A lot of people want to know what benefits a crypto bot has. Is it better than trading manually? The first benefit of a crypto bot is that it saves you a lot of time. Thereby it also makes better decisions most of the time, as it just follows the rules. As a human being you can make wrong decisions based on emotions or when you're in a hurry. A crypto bot can't make these human mistakes.