About HummingBot Crypto Trading Bot
HummingBot Crypto Trading Bot is an open-source software client that helps traders build and run high-frequency Market Making bots. It is available for anyone to use on multiple cryptocurrency exchanges. Hummingbot can turn a simple trader into an advanced Market Making trader.
Hummingbot is a community-driven open source project that aims to democratize algorithmic trading by making sophisticated high-frequency trading strategies freely available to everyone in the world. We believe this will lead to a more open, fair, and inclusive global financial system.
Trading bots, the automated trading software that traders can use to overcome the issue of performing transactions on behalf of the crypto trader. Bots work depending upon the trader’s strategy. As such, HummingBot Crypto Trading Bot is one of the software that is seen as an effective solution to perform a Market Making strategy.
HummingBot Key Points
| Key | Points |
|---|---|
| Bot Name | HummingBot |
| Bot Type | Cryptocurrency Trading Bot |
| Average Price | Hummningbot is open source and free to use |
| Exchange Supported | Binance |
| Fund Safety | All Your Coins Remain On The Exchange |
| Payment Accepted | Credit & Debit Card |
| Cloud Based | Yes |
| Signals & News | Free Signal & Paid Signal Available |
| Available Support | Live Chat & Dedicated Help Page |
| Official Website | Click Here To Visit |
How To Get Started On HummingBot
Step By Step Process
1- Create Account
Before Doing Anything You Need Valid HummingBot Id . It Is Very Easy To Sign Up At Cleo Bot Website . Just Click On Sign Up Button & Fill Necessary Details And Click On Submit Button .
2- Choose Bot
Their Is Wide Variety Of Bots Available At HummingBot . Choose Bot According To Your Need . If You Are Beginner Start With Easy Bot Setup .
3- Connect Exchange
Now It Is Very Necessary Step To Integrate HummingBot Bot With Cryptocurrency Exchange . Connect Bot With Supported Exchange . Follow Guidelines Which Are Available At CLEO Website .
4- Choose Pair
Now Choose Trading Pair & Select Coin Which You Want Your Bot Trading Automatic For You .
5- Follow Step
Follow Step Which Are Provided By HummingBot CEO Team At Their Website .
For Traders
- Start trading right out of the box using our highly customizable, built-in strategies
- Focus on customizing your strategies and parameters… leave the infrastructure and technical complexities to Hummingbot
- Need even more power? Check out our scripts feature and our developer-friendly code base
- More than just software; join our community and talk shop with our community of traders and builders
What is liquidity mining?
Liquidity mining is a community-based, data-driven approach to market making, in which a token issuer or exchange can reward a pool of miners to provide liquidity for a specified token.
You earn rewards by running a market making bot that maintains orders on exchange order books. How much reward you earn depends on:
- The amount of your orders
- The spread (distance to the mid price) of your orders
- How long you maintain your orders on the order book
- The amount of your orders
Ease of use
Installing Hummingbot and running a market making bot takes approximately 10 minutes, but you must have some knowledge about using command lines.
- Install Hummingbot client ~3 minutes
- Configure a market making bot ~5 minutes
- Run the bot in paper trading mode ~2 minutes
Market Making
Operate a bot that provides liquidity to order books by maintaining buy and sell orders. In other words, Hummingbot allows community members to market makers at small quantities, and in turn, benefits both the small market makers and the users of Liquid with decentralized liquidity provision
Arbitrage
An opportunity arises when Hummingbot can buy on one exchange at a lower price and sell on the other exchange at a higher price.
Build your own automatedmarket making bot_
HummingBot Crypto Trading Bot is open-source software that lets you build and run customizable trading strategies. Automate your cryptocurrency trading on centralized exchanges and decentralized protocols.
Safety
The safety and security of users and their assets is the name of the game in the crypto market. As such, Hummingbot uses the CISCO security system to manage its security issues
Hummingbot uses local software client architecture. Hummingbot users have full control over what data they send externally, and Hummingbot never has access to any user’s private keys and API keys.
Since Hummingbot’s codebase is publicly auditable, it is easy for one to verify the absence of malicious code to steal their funds or put users at risk.
