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How to choose the right trading bot type?
How to choose the right trading bot type?

Choose the right crypto trading bot on Cryptohopper based on your experience and goals: Regular, Copy, Arbitrage, or Market Making bots.

Pete Darby avatar
Written by Pete Darby
Updated over a week ago

Cryptohopper offers a variety of crypto trading bot types to cater to the different needs and experience levels of our users. Understanding the key features of each trading bot type can help you select the one that best fits your trading strategy and goals.

1. Regular Crypto Trading Bot

2. Copy Bot

  • Ease of Use: The easiest bot to set up, making it perfect for beginners.

  • Copy Trading: Automatically copy the trades of another trader with minimal setup required.

  • Settings: Few settings need to be adjusted, simplifying the process for new users.

  • Ideal For: Beginners or those looking for a hands-off trading experience.

  • You can find the Copy bots in our Marketplace.

3. Arbitrage Bot

  • Types: Offers both market and exchange arbitrage options.

  • Complexity: These bots are more complex and suited for experienced traders.

  • Ideal For: Traders looking for opportunities to profit from price differences across markets or exchanges. For more information click here.

4. Market Making Bot

  • Market Making: Allows you to provide liquidity by creating a market.

  • Ideal For: Advanced traders who understand the complexities of market making and liquidity provision. For more information click here.

When choosing a crypto trading bot on Cryptohopper, consider your trading experience, the amount of time you can dedicate to monitoring your trades, and your specific trading goals. Each trading bot type offers distinct advantages, whether you're looking for full control over your trading strategies, ease of use with copy trading, or the ability to exploit arbitrage opportunities.

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