How to trade safe when you’re using a crypto bot

You've decided to start trading with a crypto bot. Good choice! This will save you a lot of time and the bot will use it's in-built strategies to make the right trades for you. Of course you want to keep your cryptocurrencies and your money safe. How do you make sure that you're trading safe? In this article we will give you some tips.

Tip 1: Never share your APi key

This might sound like something everyone should know. Though there are still a lot of people that share their APi key with someone. Most of the time this is a good friend or a family member. Though we still recommend you not to share your API key at all, as you never know if you can trust this person fully now or in the future.

Tip 2: Choose a safe crypto bot

When you are choosing a crypto bot you probably keep your needs in mind. One of these needs should definitely be: ‘really good security'. You don't want hackers to get into your account and steal your cryptocurrencies. One of the safest crypto bots is Smartcryptobot.com. This is a fantastic bot for starters and advanced users. It trades really fast and another big benefit is that it can trade all cryptocurrencies at the same time.

Tip 3: Set up two-factor authentication

There's also something you can do to make it harder for hackers to break into your crypto account. You can set up two-factor authentication via the settings in your account. This means that you´ll have to log in with two passwords or with a password and a code that is sent to your phone.

Tip 4: Don't give your bot withdraw access

It might seem easy to give your bot withdrawal access and it actually is. It isn't very safe though. If hackers might get access to your crypto currency account, they can access your bank account as well. Of course that's not what you want, so you shouldn't give the bot withdrawal access.