Are crypto trading bots legal?

3 answers

• May 16, 2022 · 3 years ago
  Using cryptocurrency trading bots is legal in most countries. However, it is important to note that the legality may vary depending on the specific jurisdiction. It is recommended to consult with a legal professional or research the regulations in your country before using trading bots.
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• May 16, 2022 · 3 years ago
  Yes, crypto trading bots are legal. They are simply automated software programs that execute trades based on predefined rules. As long as you comply with the regulations and laws of your country, using trading bots is a legitimate way to participate in cryptocurrency trading.
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• May 16, 2022 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, using trading bots is legal and widely accepted in the industry. These bots can help traders automate their strategies and execute trades more efficiently. However, it is important to use reputable and secure bots to ensure the safety of your funds.
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