Trade bots can be profitable when set up to use a trading strategy appropriate to market conditions. Using an automated crypto trading bot requires a basic understanding of current market trends and then matching a strategy to those trends. 3Commas offers a variety of proven templates created by professional users that can help new traders make profitable crypto trading bots.

Automated trading has already been proven to work over the course of millions of bot trades. The key thing is to choose a reliable trading platform that features cryptocurrency trading bots with proven track records. The platform should also be very transparent with performance data so you have the information you need to create a solid trading strategy. Automated trading works well when users pair a bitcoin trading bot or altcoin trading bot with a good strategy and third party signals on a crypto exchange with reasonable fees. There are many market conditions where holding is not a good strategy. If the market is rapidly going down, a bot that sells your assets and then buys them back at a lower price will result in significant gains to your portfolio when the market recovers. When the market is flat, a Grid bot can take advantage of daily fluctuations to grow your portfolio slowly over time rather than having your coins in cold storage doing nothing.

In order to withdraw your fund, you need to place a withdrawal request from the ‘Payout’ option on your account dashboard. Input your withdrawal amount and choose payment system which must be the same cryptocurrency you invested.