Stock markets are usually the busiest from 9 to 5, but this is not the case with crypto markets which are open 24/7. Regardless of your level of involvement in the crypto market, stressful hours can come from time to time, and if you decide to immerse yourself into this activity, the likelihood of dealing with difficult situations on a daily basis will increase.
A volatile market, with its constant ups and downs, has triggered the creation of the so-called crypto bots that are supposed to do the grunt work on cryptocurrency exchanges. Moreover, the exchanges themselves are now launching their own bots to help their customers stay up to date with the current market state. One such example is CEX.IO with their Telegram bot.
What are crypto bots?
Bots, generally speaking, are pieces of software that do something to help us. “Bot” is short for robot, so, welcome to the future! You have probably encountered many types of bots on the web already, such as chatbots, Twitter bots, and video game bots.
Crypto bots interact with exchanges by obtaining their APIs and processing important information regarding market data, individual token data, and more. They monitor all the things happening on the market all the time and let you know about the changes so that you could make your decisions accordingly. Naturally, these type of bots may differ, and they may not always focus on all things at once.
What is Telegram?
Telegram is an app founded by entrepreneur brothers from Russia – Pavel and Nikolai Durov. They developed this piece of software which is essentially an instant messenger on a cloud that also offers a VoIP service. The app gained immediate popularity due to its approach to security and privacy,