FAQ - Crypto

What is an AI Crypto Trading Bot?

An AI Crypto Trading Bot is a software application that automates trades by executing transactions on behalf of a trader. It uses predefined algorithms and real-time market data to make trading decisions, eliminating the need for constant human intervention. These bots can operate 24/7, swiftly reacting to market fluctuations.

Depending on their configuration, trading bots can analyze indicators, trends, and historical data to optimize trades and manage risks efficiently.

How does automated trading work?

Automated trading bots follow pre-set rules and strategies. They analyze market conditions, such as price movements, trading volume, and market cap changes, and automatically execute buy or sell orders based on your configured parameters. This helps remove emotional decision-making and allows for quicker execution of trades.

What are the benefits of using a trading bot?

  • Speed: Bots can execute trades faster than a human can.

  • 24/7 Trading: The bot operates continuously, even when you’re sleeping.

  • Emotion-Free: Eliminates emotional biases in trading decisions.

  • Consistency: Ensures that trading strategies are followed consistently.

Do I need to be an expert trader to use a bot?

No, VT Sniper is designed to be user-friendly and accessible for both beginners and experienced traders. The setup process is straightforward, and you can adjust settings based on your risk tolerance and strategy.

Is VT Sniper secure?

Yes. The bot uses licensed software, and your private keys and secrets are never exposed or compromised. All trade executions are handled securely via the Solana network.

How do I set up VT Sniper?

Setup is simple:

  1. Configure your wallet connection and environment variables.

  2. Set your trading parameters (e.g., buy/sell thresholds, cooldown, etc.).

  3. Enable the bot, and it will start monitoring the market and executing trades automatically.

Can I stop the bot at any time?

Yes, you can pause or stop VT Sniper at any time through the control interface.

What if I encounter an error or the bot stops working?

If you experience any issues, you can:

  • Check the connection to your wallet and network.

  • Review the bot’s activity log for error messages.

  • Contact support for further assistance.