Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
If you are looking at speeding up or better informing your trading activity, there are a few options and tools on the market at your disposal. We are going to look at a few here, with a primary focus on automated trading...
#1.Trading Bots
Trading bots are programmable tools for automating the cryptocurrency trading process. Bots can be set up with programmable rules based on their personal trading strategy - and execute command strings based on market data variables such as token price.
The trader using bots may be informed by personal analysis of the markets, external sources, or a combination of the two.
If you want to maintain manual control over your trading activity, whilst also onboarding external advice and information, then you may want to take a look at trading signals and copy trading.
#2. Trading Signals
Trading signals are advice and suggestions regarding investment positions in cryptocurrencies, however, signals also exist for other forms of investment. Essentially they suggest when you should purchase and subsequently sell the token, which can inform stop loss / automated bot programming for each specific trade.
They may be generated by one or a combination of a human expert, or a bot (utilising machine learning algorithms).
#3. Copy Trading
Unlike trading signals copy trading data is always provided by a human expert. Copy trading is informed by the activities of other traders, where the user receiving the information literally ‘copies’ these decisions with the expectation of achieving success when the trader they are copying achieves success.
As such, users/customers on these platforms are offered a range of high performing traders to follow and potentially copy from.
Trade-to-Mine is a model implemented by some cryptocurrency exchanges that enable the traders to earn revenue in tokens, proportional to the number of trading fees incurred/settled. Investors can obtain tokens by trading, rather than by using high energy mining machines (pools, farms and ASIC devices).
To achieve this: trading bots are set up and configured by users with a number of customisable variables to inform their decision-making. The more (‘successful’) trades = the greater the income a trader can earn.
Whilst inspired by Bitcoin and PoW models, Trade-to-mine essentially represents a Proof-of-Stake model, where staked funds represent mining power: however in this case rather than representing voting and network power, it merely dictates material rewards.
Examples
#1. Cryptorg
One such company offering a trade-to-mine to its users is Cryptorg. Its primary product is a service which lets users automate trading on several different cryptocurrency exchanges, by using customisable trading bots.
Founded in 2017: Cryptorg offers full 24/7 availability of services, high liquidity; and is designed to operate on multiple exchanges, including Binance, Cryptorg Exchange, Bittrex, Bitfinex, KuCoin, HitBTC, OKEX, BTC-alpha, Coinsbit, Livecoin, PrizmBit, ERC20 based CTG tokens.
#2. ABCC exchange
ABCC exchange was launched on May 1, 2019 - with a proprietary ethereum-based ERC20 based token, on the Ethereum network (ERC20 Cryptorg Token, CTG). It offers mining (trade-to-mine) via trading bots, wherein rewards are distributed to users which are ‘charged’ with each successful trade.
Whilst it sounds like a promising premise, we conclude that Trade-to-mine appears to be little more than a rebranded / buzzword representation of a traditional rewards scheme - offering users compensation in the future for their financial contributions today.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Binance´s Launchpad Gears Up Tor Arkham Token Sale, Starts Recording BNB Balances
4 months ago | Benzinga
Arkham´s New Crypto Intel Trading Platform: A Game Changer For Traders?
4 months ago | NewsBTC
Bitcoin Could Rise to $120K by End-2024: Standard Chartered
4 months ago | Coindesk
Bitcoin Edges Lower; Bone ShibaSwap Becomes Top Loser
4 months ago | Benzinga
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
YouHolder
YouHodler is not just another player in the crypto space; it's a dynamic and innovative company ...
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Trading Bots | Trade-to-Mine Method
If you are looking at speeding up or better informing your trading activity, there are a few...
Why Digital Money Needs Fiat Currency
As opposed to fiat currencies, which are backed by real, physical gold or cash, cryptocurrencies...
Should You Invest In Smaller Cryptos?
Cryptocurrencies or simply cryptos are digital coins used for online trades, transfers, and...
The United States Observing Before Regulating Bitcoin
In a recent interview with CNBC, the President’s advisor and coordinator of cybersecurity for...
What are the differences between Bitcoin Gold's hard fork and SegWit2X's hard fork?
The hard fork that gave birth to Bitcoin Gold and that has already occurred, does not look like...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (0)