If you are interested in building advanced autonomously operating strategies, this CEX is A fine destination. You can easily run a complex system like an AI crypto trading bot or a relatively simple DCA setup as well as many other types of ATS. This flexibility is possible due to the abundance of digital assets and hundreds of markets with deep liquidity.
Why should you consider automated trading on HiBT?
This particular platform is well-known for the variety of available financial instruments. This diversity of tradable assets makes it easier for users to engage in all sorts of strategies including things like triangular arbitrage, statistical arbitrage, and many others. Since over 65% of contemporary retail traders use automation to at least some degree, exchanges that have the necessary capacities to support HFT strategies have an obvious advantage over others.
To optimize crypt trades on HiBT, you should focus on deploying high-ROI strategies or consistent robots that deliver good results without exposing your portfolio to excessive market risks.
Below are products and features of the platform that may catch your attention:
- The spot market is diverse and has deep liquidity thanks to over $160 million in reserves and funds in custody. You can work with a rich variety of financial instruments including mainstream coins like BTC, ETH, and USDT alongside layer 2, governance, and reward tokens from the growing DeFi sector. The daily trading volume is quite impressive with the exchange reporting over $25 million.
- The futures market is the flagship product of the platform. The app is designed to facilitate effortless operations. You can short-sell assets, create complex positions, and enter multi-market positions. The only problem is that you will need a mobile or desktop application to engage with derivatives. You can access it using APi gateways which can be a good idea for experienced investors who want to use automation to set up hedging positions or trade derivatives speculatively with leverage.
- Compliance with regulations is hugely important for users from North America where taxation frameworks are stricter than in other regions. This exchange has licenses to operate in Canada and makes sure to comply with KYC and AML practices employed in NA. Running a HiBT trading bot will not cause any issues with legal authorities and tax collectors.
Acquiring assets on the spot market can be a good way to grow portfolios. One of the best approaches to do so is using a DCA trading setup to reduce the average acquisition price. Just like in the case of any other method of automating operations in the market, this one requires good tools and some dedication on your part.
How to use trading bots on HiBT
Many centralized exchanges operate open API gateways allowing third-party developers and individual users to access the platform directly without the need to deal with the user interface that significantly slows down all processes. By leveraging the functionality of API and other features of the exchange, you can build an ATS in three distinctly different ways.
- Install and set up a desktop app. Many open-source projects on GitHub and a variety of programs that can be launched and run locally make it possible to use personal hardware to directly connect to the exchange. This particular approach demands dedication, technical expertise, starting capital, and more to be effective.
- Go to an automation vendor. The current landscape of this sector of the crypto ecosystem is diverse with a variety of companies offering unique products and staples like GRID and DCA bots to a growing audience of contemporary investors. This option is more convenient and cheaper compared to locally run software.
- Features native to the platform. Often, exchanges that focus on technology provide some automation functionality. For example, OKX has some good systems available to all clients. However, the lack of such capabilities here makes Hibt exchange trading bot setup an impossible task without using third-party tools.
The overwhelming majority of modern retail traders prefer the second option as it usually provides the necessary flexibility and diversity to create ATS setups according to the personal preferences and risk styles of users. It is also easier to use products that have been polished well and provide an excellent user experience.
The best crypto trading bots 2024
Choosing a good vendor in 2024 can be a challenging task due to the oversaturation of the market with hundreds of companies offering all kinds of ATS tools to their clients. Many platforms have robust technological foundations and good UX/UI. However, they might be less advanced than some of the time-tested companies. Let's talk about companies that work well as starting points for newcomers.
- 3Commas is a good choice for people interested in the social aspects of investing. This company is strongly focused on building a community around its copy trading features and the marketplace for strategies and ready-made mini-apps. Despite the concentration of the development attention on Web 2.0-like components is just as good as many other offerings from the company.
- Gunbot is a very interesting solution focused on bridging the gap between CeFi and DeFi by creating products that can be used in both ecosystems quite successfully. The large language model operating much like OpenAI's ChatGPT is capable of writing scripts based on user prompts. The toolkit requires some time to learn but using it can become a satisfying experience.
- Cornix is a time-tested signal provider that also has some useful automation capabilities. Some crypto enthusiasts believe that the platform is not sufficiently versatile to allow contemporary investors to express themselves effectively. However, you can build functional ATS using the features offered by this platform.
- WunderTrading is a great destination for all users with and without experience in the crypto domain. Veterans will find the ability to create a custom HiBT crypto bot using technical analysis strategies deployed on TradingView an appealing proposition. Newcomers will enjoy the convenience of the social marketplace featuring hundreds of managers representing 13 directly supported CEXes. The latest offering from WunderTrading is the AI-assisted trading bot system that analyzes the market history and current events.
All these platforms will work well if you are looking for a reliable automation provider capable of delivering a stellar user experience. Note that some companies do not support HiBT directly and may require some back and forth with support specialists to make them work. In many cases, simply switching to a CEX like Binance or Coinbase that is integrated with leaders in the trading automation sector can be a better idea.
Which is the best HiBT bot for Bitcoin trading
The exchange is complying with all regulations and guidelines in Canada. It also has high daily trading volumes on the most popular currency pairs. These two factors make this CEX a great target for DCA buying, grid setups, and other strategies that rely on consistency, reliable execution, and moderate liquidity.
We strongly believe that you can run a variety of ATS designs effectively when dealing with BTC and ETH on this platform. However, you should never forget about risk management techniques!
The main takeaway
This centralized exchange is a good choice for people from Canada who want to engage with the crypto market without breaking national rules, laws, and guidelines. It is a platform with a rich selection of financial instruments and solid daily trading volumes. The issue here is insufficient integration with third-party service providers and the absence of native tools that would enable clients to run popular setups like Grid trading robots and automatic arbitrage.
HiBT works as a good destination for all kinds of investors. The only issue is the absence of additional social and automation features.