You want to invest in cryptocurrency, but you don’t have the time to trade all day long. So you decide to use a crypto bot. But which crypto bot is the right one for you? In this article we will explain how you pick the right crypto bot.

How does a crypto bot work?

A crypto bot is advanced software that automatically trades cryptocurrencies for you. This makes trading a lot easier, as you don’t have to check it out yourself all the time anymore. Though you can still trade on your own via the software. When you have the time to trade, you just switch off the automatic trading for a while. By the way, don’t forget that you have to do some work upfront. The crypto bot uses particular rules to trade. You are the one who determines the rules, so you have to set this up via the settings.

Tip 1: Check out the specifications

When choosing a crypto bot it’s important to check the specifications first. What features does the bot have? What are the prices? Is the crypto bot for starters, for experienced traders or for both? It’s a good idea to think about what you want and to make a wish list. Check the specifications from different trading bots and make a top 3 or top 5 list with the ones that suits you best.

Tip 2: Start with a trial

Most crypto bots offer the opportunity to start with a trial first, like Smartcryptobot. This means that you are able to try the software first without making a payment. Trading bots with no such option most of the times offer a refund if you’re not happy. This makes it possible to try the bots in your top 3 or top 5 list first without losing money, so you can discover which one is best for you.

Tip 3: Check out the whole system

While testing the crypto bot it’s important to check out the whole system. Is it easy for you to work with? Do you understand everything? Set up the settings and make a few changes, so you can experience how the system works in practice. When you have tested all the bots in your list extensively, you can choose which bot is the right one for you.