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We compare Ethereum trading bots by pricing, real user reviews, features, supported exchanges and more. Use our overview and filters below to quickly find the best Ethereum trading bots.
What is an Ethereum trading bot?
An Ethereum trading bot is a tool to trade 24/7 in Ethereum (ETH). Ethereum is the second largest cryptocurreny. Obviously Bitcoin is the largest currency at the moment.
Ethereum might seem the same as Bitcoin, but it defintely is not the same. Unique about Ethereum is the use for smart contracts. Bitcoin is limited to transactions, but the use of smart contracts with Ethereum is much broader. If you are interested in reading more about this, checkout this article by Coindesk.
Just like Bitcoin and any other cryptocurrency, the price of Ethereum is very volatile. It goes up and down everyday and has known highs followed by crashes. This volatility makes it an ideal coin for automated trading.
Automated Ethereum trading
Using an Ethereum trading bot you can automated your Ethereum trading and be trading 24/7. This way you can generate really nice profits, one day after the other, even if Ethereum does not incline in value at all.
You can trade at a really high interval and make profits on small price changes, or you can trade at a much lower interval and wait for crashes or peaks in the Ethereum price. What trading strategy you want to use is up to you, but with an Ethereum trading bot you can totally automate these kind of strategies.
Ehtereum vs. Bitcoin
There’s lots of differences between Ethereum and Bitcoin. Trading wise, maybe Ethereum has a little more volatility and with that, it could work a little bit better with certain strategies. Because there is less volume in Ethereum than there is in Bitcoin, prices will be influenced quicker when lots of volumes are pushed in or taken out of the market.
Technically, Bitcoin has a lot of performance issues. Many traders beleive that because of this Ethereum will one day be the Bitcoin as we know it currently. It has better applications and better performance. But even Ethereum has its own issues. So, is it the perfect coin? Maybe. Or maybe not. Only time will tell. What we do know is that it is the second largest coin at the time of writing this and that it has gained lots of popularity in the past year (2017).
So.., Ethereum trading bot?
Alright, we get it. Enough with the talking. Let’s start trading. You can check out the best Ethereum trading bots on our website. Filter them out on rating, pricing or features and start your automated Ethereum trading today!