What are trading bots?

Trading bots are computer programs that execute automated trading strategies based on complex algorithms. Traders use trading bots to execute orders with low latency. The strategy that trading bots use can differ between markets, such as stocks and crypto.

Who can use OKX trading bots?

Any OKX customer can use trading bots. However, the DCA and Spot Grid bots are exclusive to E.E.A. residents. To learn more about specific requirements and restrictions, explore the OKX website.

What are the risks involved in using trading bots?

Trading bots can magnify profits or compound losses if left unmonitored. It is best to understand the trading bot and the market in which it is optimized to trade. You should also understand the scenarios in which the bot can lose trades.