Join Telegram channel and get updated

  1. cryptocurrency trading platforms – do they help?

2.1. what can be done automatically

2.2. will I lose my money?

2.3. what is important by platform choice

The trade

There is the bait and there is the trade. The crypto market is exactly the same in its operational manner. Everyone seeks profits and companies have come forth to fill the niche created by the need to trade cryptos. Such are the trading platforms.

Certainly, they are not free as most charge a fee for their trade facilitating services. Though greed is the motivating factor behind all trade, the pay is worth it as trading via trading platforms is far safer than doing it alone. The slew of hacker attacks in the last few months has shown the value of security. In addition, trading platforms offer far greater choices in trading options and allow for better offers, opening larger markets to traders.

Many traders have developed ways of automating the trading process. This is called bot trading and it has become quite common. It is by no means an ethical procedure, but with so many people relying on trading bots, the question becomes which one can be trusted and which one should be avoided. The most popular trading bots are Gekko, Cryptotrader, Zenbot, BTCrobot and Haasbot.

Join Telegram channel and get updated

Using any exchange is a risky business and losses are inevitable as they are a fact of trading life. Whether because the rates chart was checked too late or due to fraud or hacking, money will be lost. The only way not to lose money on trading is not to trade at all.

However, when choosing a trading platform, it is important to thoroughly research it first, making sure to read forums about its reputation and checking your requirements against its offering. With the abundance of trading platforms on the market, traders will be spoiled for choice.

Though the crypto market is still relatively new and lacks many of the traditional institutions of a civilized market, there are projects on the market that seek to indemnify or mitigate the associated risks that investors take when deciding to invest in projects. Cryptics is one such project that seeks to offer the necessary instruments for alleviating the situation with uncertainty. The concept behind it is to support market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players and develops algorithms to predict changes in the value of cryptocurrencies. Such instruments based on highly advanced scoring models involving machine learning and AI are incomparable with human intuition that even the luckiest and most prudent investors could ever be endowed with. The multitude of factors involved in predicting a cryptocurrency’s rise or fall are all taken into account by the algorithms that Cryptics employs. Investors should consult such projects as the expense is well worth the ensured profit and peace of mind.

Subscribe to our Newsletter