Manual trading requires a trader to analyze the market and make decisions on buying or selling cryptocurrencies based on their research and judgment. This method is time-consuming, emotionally taxing, and can be prone to errors during volatile periods.
Automated crypto trading bot, on the other hand, uses bots to analyze market data and execute trades based on pre-set algorithms. This eliminates the need for constant market monitoring and removes emotional decision-making. Automated trading can trade 24/7, react to market changes faster, and reduce human error, but it’s still important to monitor and adjust strategies periodically.