- Wednesday, October 16, 2024
About Zenbot
A trading robot like Zenbot will be a good helper for any trader. This project was launched in 2017 by an unnamed independent developer. It is also unknown who is the direct owner of the bot and who is responsible for the effectiveness of its work. The only thing known is that a group of professional traders carries out the management process. The minimum available information did not become a severe problem, so the robot was actively developed and improved. Nowadays, it is one of the best tools for trading cryptocurrency.
Zenbot can be found in the public domain. It is distributed free of charge through the GitHub platform. The absence of a fee for using the robot is not unique, but it gives a particular advantage over paid bots. At the same time, Zenbot is quite effective and is not inferior in performance, even for too expensive assistants.
Most robots designed to work with cryptocurrencies have a dubious reputation. Zenbot has the opposite. Users and specialists who have been trading on Forex extensively speak pretty well about it. This creates a good reputation for the robot and helps to expand its customer base. It is also worth noting that traders will not be charged a percentage of their profits in addition to free access.
Features of use
Each Zenbot review contains information about the rules for using the bot. However, it is only sometimes of high quality and allows you to get a complete picture of the operation of a trading instrument.
Step-by-step instruction:
- Go to the GitHub website and find the “Sign up” button at the top of it. If you already have an account, click "Sign in" and enter your username and password.
- Go through a simple registration, indicating a minimum of personal information.
- Confirm your actions and find Zenbot through the search bar.
- Download all available files related to this robot.
- After that, launch the assistant and start choosing a trading strategy. To do this, enter various commands in the line intended for this.
- Having created your algorithm of actions, you link the robot to your account on the exchange.
- Next, launch Zenbot and watch its actions.
If you regularly use Zenbot, you will notice several essential features. They have a significant impact on the comfort of the trader and the ability to achieve his goal.
Peculiarities:
| Basic knowledge | Beginners will need help understanding how Zenbot works and setting it up correctly. Therefore, you need to use this assistant only after obtaining basic knowledge. To do this, you can study information from open sources and try your hand at a test account. If you immediately start actual trading with sufficient knowledge, you can quickly lose all your savings. |
| Trade | It is carried out automatically, taking into account pre-selected settings. The frequency of operations can vary widely. This flexibility allows you to adapt your trading strategy to changing market conditions, maximizing the percentage of profit received. |
| Safety | It depends solely on the trader. The robot itself does not use your data and does not save the history of the operations performed. In addition, he does not have direct access to your funds, so you cannot be afraid of their accidental disappearance from the account. At the same time, Zenbot does not guarantee that using a trading tool will make it possible to increase capital. |
| Customer service | Nothing can be said about its quality as customer service is entirely non-existent. This is because Zenbot is a product of a group of developers and does not belong to any company with an office or full-fledged support service. The only thing that can be used is the various Zenbot communities. They are in many social networks, instant messengers, and forums. You can find information of interest and share it with the same simple traders there. |
| Installation | The complex is not only the robot's operation but also its structure. In this case, choosing the correct file from a dozen downloaded from GitHub is essential. In addition, it is worth remembering that Zenbot is not adapted to all operating systems. It can only be used on gadgets with iOS and computers with Linux, Windows, and macOS. Access to the robot from Android devices is not provided. |
| Commission | Zenbot is an entirely free robot. You don't have to pay to use them. Also, users will be deprived of any costs in the form of a percentage of the income received and commissions for replenishment/withdrawal of money. This feature makes the bot accessible even to people with little financial resources. |
Pros/Cons
Zenbot bot review will only be complete if it contains a list of all the benefits of this tool. This cannot be allowed, so we have collected all the positive points that experts and ordinary users discuss. Remember the shortcomings that every robot will have.
| Pros | Cons |
|---|---|
| • Good reputation | • Lack of data on developers |
| • The simplicity of operation | • There are no guarantees |
| • No user fees | • It is distributed through a third-party platform |
| • Zero percentage of costs | |
| • High performance | |
| • Possibility of simultaneous trading of several assets | |
| • Available in most countries of the world | |
| • Free bot updates | |
| • Good reviews on the internet |
Of the many open-source tools, Zenbot stands out. Its characteristics and capabilities are enough to create a variety of algorithms that will be used to trade cryptocurrency. Learning how to use this tool can make your work more comfortable and fruitful.
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