Bitcoin Motion Review
Learn more about Bitcoin Motion's trading platform 【Updated For 2023】
- Rule Builder
- Python Code Editor
- Backtester
- Good Documentation
- Backtesting software that is comprehensive
- Create, backtest, and live-trade all from a single web-based user interface.
- Algorithms are protected by end-to-end encryption.
- Permission to withdraw funds can be disabled.
- Documentation that is well written.
- There is no marketplace or copy trade available at this time.
- There is no mobile application.
The Bitcoin Motion review has been thoroughly researched and analyzed to help you decide whether or not Bitcoin Motion is the correct robot for your needs. Continue reading to learn everything there is to know about these trading tools.
On the basis of the Python application programming interface, Bitcoin Motion provides a trading bot creation platform that is suited for both starting and advanced bitcoin traders. Because of its versatility and ease of use, the Bitcoin Motion platform has gained widespread acceptance. In addition to its user-friendly interface, the platform encourages crypto traders to study and enhance their skills within its community-driven infrastructure, which is a plus. Bitcoin Motion cloud-based platform enables you to execute your trading methods straight from your Web browser, eliminating the need for lengthy program downloads and installation. Even if you have no prior coding skills, you can construct trading bots to automate your trading.
Bitcoin Motion: Account creation
Overall, it took us only few minutes to create an account on Bitcoin Motion, which is amazing by any measure, and it is clear that the firm is attempting to make it as simple as possible for you to simply construct bots without effort, as demonstrated by our experience.
Registration
You only need to visit Bitcoin Motion website, sign up, fill in your email address and other details, and then confirm your registration by clicking on the link that was delivered to your email address. You should be good to go after that!
Making a Bot.
Following your registration, you will be able to begin developing your own trading bots. This is likely going to be the most difficult element of your journey to using neutrality in your life. To their credit, they include a code editor and rule builder functionality to assist you in creating your own bots. In fact, you may use them to adapt pre-made bots to your specifications.
Interacting with the Exchange
After you’ve built a trading bot, you can simply navigate to the settings menu and enter the information from your exchange account. Make certain that this is the location where you want your bot to exchange bitcoin. You’ll also need to give API keys if you want to use the bot for live trading.
Start trading.
This is most likely the simplest thing for you to do. It takes only a few clicks to start the bot on Bitcoin Motion, which is located at the top right corner of the user interface. Based on the information you provided in the previous stage, your customized robot will start trading on the exchange you choose.
Most important features of Bitcoin Motion
Bitcoin Motion has some features which makes it distinct from other trading bots.
Rule maker.
Bitcoin Motion, on the other hand, is not just for coders. In the event that you consider yourself to be a sophisticated or experienced trader but have never learned to code, you may still develop a bot and make use of many of the same amazing features that coders enjoy without ever learning how to code.
A simple, graphics-based interface, the “Rule Builder,” allows traders to quickly and easily construct trading strategies by dragging and dropping indicators and strategies onto the screen. This program is ideal for people who want to dip their toes into the realm of bitcoin trading bot development for the first time.
A Python Code Editor with a lot of capabilities
One of the most important features offered by Bitcoin Motion is its sophisticated Python API, which enables users to construct very creative and intricate algorithms in the most efficient manner possible. With the product, you have access to virtually every single tool that a Python bot maker could ever need, and you have the ability to create bots that are considerably more unique than the typical bitcoin trading bots.
By utilizing this simple-to-use API, you will have access to a wide range of financial data that you can use to enhance your bot and ensure that it always has an advantage. Aside from having a fantastic list of technical analysis indicators and the promise of using more complicated statistics, math, machine learning, and other kinds of data in the future, this product has a great deal of potential to be very useful. We personally enjoy the variety of order types available, such as Stop-limit, Trailing Stop Loss, and Stop-Market, which helps us to be more creative when developing an algorithm or designing a trading strategy.
The real kicker is that this is all done in-browser, which is, as far as we know, a great accomplishment for Bitcoin Motion and a first for the industry. This simply means that all of your strategy development and backtesting will take place entirely within the confines of your computer. No one, not even Bitcoin Motion, is privy to the concepts that you are developing! On top of that, the editor has clever auto-complete and debugging capabilities to assist you.
Furthermore, Bitcoin Motion provides its users with transparent versioning, allowing them to go back and forth between earlier versions of their algorithm at any moment.
Backtester
You also get access to an extraordinarily strong backtesting tool on Bitcoin Motion if you use both of the capabilities listed above. The backtest feature, which is both powerful and startling in its speed, is available once you are done developing your bot, either using the Code Editor or the Rule Builder. The exchange fees are always included in the backtests, so everything is taken care of for you in the background, allowing you to focus on validating your methods rather than worrying about other aspects.
Proper documentation
Bitcoin Motion gives particular attention to its documentation, which is comprehensive and easy to understand. During our Bitcoin Motion review, there was never a point where we had to sift through a jumbled, haphazard collection of instructions. Every time something was confusing, we were able to immediately locate the appropriate entry in the documentation, which always resolved our issue.
Security
Your assets remain deposited at your crypto exchange, and as a result, they are not exposed to any risks other than the huge market risks associated with trading bitcoin and the possibility that your algorithm’s code contains an error. Moreover, your assets are never directly touched by Bitcoin Motion, and the platform only makes use of officially sanctioned exchange APIs. Your trading bots and strategies are end-to-end encrypted for additional security so that even Bitcoin Motion is unable to gain access to them.
Conclusion
I can confidently tell you that Bitcoin Motion is an excellent platform for traders of all skill levels. If used correctly, Bitcoin Motion can have a profound impact on one’s trading. The Rule Builder and tutorials are readily available to novices in the area, allowing them to experiment and gain experience through paper trading. As an experienced trader who knows Python, you may use the Code Editor and the backtesting tool to break through the boundaries of the supported crypto exchanges with ease. It’s possible to point out that the project is still in beta and that some issues may arise, some functions are lacking, and there is no mobile app to monitor the performance of bots while they are on the road. However, the platform is free, and the quality of the service it provides outweighs its flaws. There’s no harm in giving Bitcoin Motion a go, regardless of whether or not you end up using it!
Frequently asked questions
What kinds of exchanges are acknowledged?
Several of the most prominent bitcoin companies could be supported by the market. Recall that one can create an automated bot system, deploy it for simple real-time trading, and engage in speculation on a certain choice using the bot. Binance, Bitpanda, Coinbase Pro, and even Kraken are currently supported by the company. Bitcoin Motion long-term goal is to make more transactions possible.
Do Bitcoin Motion products and services have a great image?
Before putting their time and money into a bitcoin trading bot, seasoned traders often inquire, “What kind of reputation does Bitcoin Motion have?” If you’re looking for the best automatic crypto trading service, this is a good place to begin. It appears that Bitcoin Motion has a solid reputation in the bitcoin community. Bitcoin Motion review and word-of-mouth seem to be satisfactory. This is a sign that it’s a safe place to keep your digital money. Hopefully, this trading bot intends to maintain and expand upon the good name it has earned.
Is Bitcoin Motion legitimate?
Bitcoin Motion is, in fact, completely secure and legitimate. Treasurable investors are backing Bitcoin Motion as it develops tools to make it easier to create, test, and execute complicated trading algorithms.
