Poloniex Trading Bot
The Poloniex trading bot is a bot that helps you trade on the Poloniex exchange. The bot can automatically place orders for you based on your desired parameters. For example, you can tell the bot to buy or sell when the price reaches a certain level. You can also set stop-loss and take-profit orders to limit your losses or lock in profits. The bot is very user-friendly and easy to set up.
What is Poloniex
Poloniex is one of the 25 leading cryptocurrency exchanges by trading volume thanks to a daily trading volume of approximately 70 million US Dollars. It offers users over 100 Bitcoin cryptocurrency pairings. The US-based company Poloniex was founded in 2014. As of 2018, it is owned by Circle Internet Financial Ltd, a peer-to-peer payments technology company. It lets its users exclusively trade crypto-to-crypto on the exchange, meaning it it not possible to make fiat currencies deposits. There is however no deposit limit for cryptocurrencies. Poloniex features advanced strategies and functionalities for experienced traders, such as margin trading and coin lending to shorters. As with Kraken, transaction fees rely on the factors “30-day trading volume” and “maker-taker” fee schedule. All additional information on fees can be found on the provided link.
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