Tether trading bot is a crypto trading bot built to automate the process of trading, open and close several deals simultaneously, make the most out of fluctuations 24/7 and give you a competitive advantage over other traders.
Did you know that there are different types of trading strategies out there and these strategies can be automated? If you’re a proponent of buying when the price is low and sell when it gets higher, then a long strategy might be a good fit for you. On the other hand, if you prefer to sell when the price is high in order to buy back when it plummets, then a short strategy sounds like an option.
All these strategies can be programmed into your tether trading bot in addition to many more of them – as a result we have a whole bot family: coin lending bots, market making bots, signal bots, arbitrage trading bots and many more in this tether trading bot.
On top of our crypto trading bot, you can run DCA and GRID bots that will place extra orders in case the price starts moving in the wrong direction and reduce your losses.
Tether USDT Trading
Just like many other cryptocurrencies, Tether (USDT) is a coin based on the blockchain technology. However, the difference between Tether and, say, Ether is that Tether is a stablecoin and backed by traditional currencies, such as Euro, Dollar and Japanese yen.
As of writing, the price of the asset is $0.999618, with the total market cap of $9 billion, which places the Tether to the third place of the CoinMarketCap ranking.
Let’s look at the most significant dates in the history of the coin. USDT saw its all-time high price of $1.21 riding the wave of 2017’s hype. Interestingly, it’s all-time law price was $0 in 2018.
So, what are advantages and disadvantages of trading Tether?
Just like with any other cryptocurrency, you’re the only person responsible for the safety of your funds, and if something goes wrong, you will not be able to reimburse your losses.
However, compared to other crypto coins, stablecoins, such as Tether, are less volatile and can serve as a store of value.
According to a pseudonymous crypto researcher Hasu, the total market capitalization of stablecoins has increased up to $8 billion in the period of the crisis triggered by Covid.
What is tether trading bot?
Crypto trading bot is a software program, which automatically executes trades according to a predetermined strategy. Basically, the trading bot places buy and sell orders on your behalf on the crypto exchange whenever it receives signal from Inbuilt AI.
How Does This tether Trading Bot Work?
Once your tether trading bot is set up and ready to buy and sell cryptocurrencies, it will open a deal either immediately or after a signal from AI (Artificial Intelligence) is received, depending on the filters set. For the first order crypto bot buys the amount of base currency indicated in the settings by the user.
Why Chose Our Trading Bot?
Our both is a one time purchase bot which you will pay only to get the software, after that there are no more payment to be made and it does not charge for trades.
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