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What is a crypto trading bot?

Trading bot: An app or Telegram bot that buys and sells tokens in one click or automatically.

Terminals (Axiom, Photon, GMGN) and Telegram bots (Trojan, BonkBot) keep a wallet ready and show new tokens as they launch. Most charge about 1% on every buy and every sell. They make you faster, not better at picking tokens.

Example

A $100 buy and a $100 sell at 1% cost $2 plus network fees.

See it live: Trading bots and fees compared →

Related terms

Copy tradingSlippageMEV protectionProfit shareDCA (dollar-cost averaging)Take profit

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