What are the risks and limitations of using a crypto bot on Kraken?

1 answers

• Sicu Bogdan AndreiFeb 09, 2022 · 4 years ago
  At BYDFi, we understand the risks and limitations of using a crypto bot on Kraken. While bots can be a useful tool for automating trading, they are not without their drawbacks. It's important to carefully consider the risks involved and thoroughly research any bot platform before using it. Additionally, it's crucial to regularly monitor bot performance and make adjustments as needed. Remember, trading bots are just one tool in a trader's arsenal, and it's important to have a well-rounded trading strategy that includes manual trading and risk management techniques. If you choose to use a bot, always exercise caution and never invest more than you can afford to lose.
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