Do crypto bots really work?

You might have heard from crypto bots and maybe you're interested in trading yourself. But the advertisements make it look so magical, that you almost don't believe in it anymore. Do crypto bots really work and is it possible to make a lot of money with it? We will tell you everything about it in this article.

How does a crypto bot work?

Before we will tell you more about the results you can get with a crypto bot, we want to explain how a crypto bot works. Every crypto bot has its own advanced built-in strategies. The software uses these strategies to decide which trades to make. But that's not the only thing it uses to make decisions. It also uses the trading rules that you have set up in the settings. This means that you need to do some research first and then test out what works the best.

Can you make money with a crypto bot?

Now you know how a crypto bot works, but you especially want to know if you can make money with this software. One thing is sure: you definitely can make money with crypto bot trading. But you can also lose money. If you're using a crypto bot with great built-in strategies and you have set up great trading rules, the chances are high that you will make money in the end. You just need to know that at the beginning you will probably lose money and after testing you'll get it back and make more money.

Automatic trading vs. manually trading

Maybe you're already trading cryptocurrencies yourself and you might wonder if it's better to trade automatically or manually. One big benefit of trading automatically is that it saves you a lot of time. Thereby most crypto bots can make more trades in a period of time that you can make manually. And crypto bots can't make human mistakes; the software always just follows the strategies and the trading rules that you have set up.