After successfully launching its UBXT trading pairs on KuCoin, UpBots aims to raise awareness by hosting a one-of-a-kind trading competition. Before we discuss this unique event, it’s important to give out a brief presentation on UpBots.
So what’s the deal with UpBots?
It has often been said that trading cryptocurrencies is not only difficult but also quite risky. This statement is especially true if you’re new to trading in general. There are numerous reasons that stand behind this statement. Firstly, there are way too many trading platforms to choose from. To make the right choice, one would have to spend countless hours doing their due diligence. Failure to do so exposes users to higher fees, access to less appropriate trading pairs, and a lot of headache when choosing which pairs to transact with. Those who wish to limit their risk must constantly keep a close eye on market charts and on-going trends.
These factors create a high entry barrier for beginners, as they must be willing to devote numerous hours to better understand the cryptocurrency market. These downsides are also applicable to experienced traders. After all, while profitable, manual day trading is no easy feat.
Exploring the UpBots solution
UpBots recognizes these challenges and has therefore built an all-encompassing ecosystem for the modern trader. Users can access a series of advanced trading algorithms that can be customized to carry out automatic trades based on predetermined instructions.
Read more on this orginal article post over here.