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Before a decade, bitcoin was the first identified cryptocurrency, which was promised as a future currency. At that time, people were not much aware of how to buy bitcoins, and sell bitcoins. There were very few opportunities to acquire bitcoin. But now, the cryptocurrency industry has evolved like a tree and has attained mammoth growth with several business use cases. This incredible growth of the cryptocurrency industry has left a lot of opportunities for crypto entrepreneurs to easily buy bitcoin.
Hence the most preferred and optimum way to get a bitcoin or any other cryptocurrency is,
Because cryptocurrency trading sites are the hub of collective cryptocurrencies, where a trader or investor can buy any kind of cryptocurrency buy exchanging with fiat or any other cryptocurrency. But there are some bottlenecks, which a trader has to pass through before getting crypto from an exchange site.
These are the basic hurdles a trader should go through before entering and trading cryptos from a cryptocurrency exchange. But, we are not concluding that the above-listed elements are completely toxic to a trader, but we can diminish this kind of risk. How?
Trading bots are extreme user-centric trading tools that can facilitate cryptocurrency trading with advanced automatic features. In general, we can define cryptocurrency trading bots as a software or a computer program, that can be customized to automatically buy when the bitcoin price is down, and to sell when the bitcoin price is up. Where a trader can set trading limits and placing the trading order. There are plenty of cryptocurrency trading bots in the market. This entire process can be done with an integrated API, which can let the BOT to communicate with other cryptocurrency exchanges.
So, what if a trading bot, can be controlled from your mobile device with no cost of purchase?
Yes, we are talking about the Telegram Trading Bots!!!
Telegram is a social chatting application, like WhatsApp, Snapchat and more. But the uniqueness of telegram is it gives complete Bot API library. With this developers can create and customize their bot in a telegram to get the following benefits.,
Check out here to know more about telegram bots : Bots: An Introduction for Developers.
Telegram trading bots are like chatbots which are integrated trading API’ to communicate digitally with a cryptocurrency trading website, and can bring better outcomes in terms of profit to a trader. Telegram bots are AI-Inspired automated bots. Telegram bots run inside the telegram network, and can’t be required to install any other third-party applications, except their native APIS.
In addition to this, telegram trading bots can give price analytics and can send push notifications to the traders, when a cryptocurrency price reaches a set price.
Telegram bots that can benefit from different aspects:
Source 1: Telegram Bots as A New Big Thing in Cryptocurrency Trading
Source 2: What is a cryptocurrency Telegram bot?
Yes. We can create telegram trading bot individually to execute our desired actions like market tracking, price analytics, order execution and more. Telegram gives open-source API to create customized cryptocurrency trading bots.
To create a telegram for cryptocurrency trading, one must need complete expert support, who is able to control the integration process with the open-source telegram trading bot API.
Telegram bots like tradesanta let the trader connect with popular exchanges, after signing up. And can help you to do select the following
Check out How to Build Telegram Chats with a Crypto-trading Bot
We at bitdeal can help you to create and customize your desired cryptocurrency trading bot based on your requirements, also if you are a cryptocurrency exchange startups, we can help you to migrate users from your telegram group to the main exchange.
Greetings! This is Dheivanai! My love for writing transformed me as a blogger and the Passion for Crypto industry turned me as a business advisor at bitdeal. Crazy towards digging deep and analyze the new trends in the Cryptocurrency and Blockchain Industry. Follow us to read interesting and existing blogs! Stay tuned, Stay updated!
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