I’m considering using a trading bot, but I’m worried about security risks. Do bots need full access to my exchange account? How can I make sure my funds are safe? Would love to hear from people who’ve been using bots for a while.
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That’s a very valid concern. When using a trading bot, the safest way to operate is by connecting it via API keys with restricted permissions. I use VELES, and one of the reasons I trust it is because it allows me to set up API access in a way that the bot can execute trades but not withdraw funds. Here’s more info: https://veles.finance/en. Additionally, the platform uses strong encryption and security protocols to protect user data. I’ve been using it for a while now, and I always enable two-factor authentication and limit access to my API keys. If security is your main concern, just make sure to follow best practices, and you’ll be fine.