Are there any proven strategies to combat annoying bots on exchanges?

3 answers

• Dec 26, 2021 · 3 years ago
  One proven strategy to combat annoying bots on exchanges is to implement a robust and sophisticated bot detection system. This system can analyze various parameters such as trading patterns, IP addresses, and user behavior to identify and block suspicious bot activities. By continuously monitoring and updating the detection algorithms, exchanges can stay one step ahead of the bots and minimize their impact on the platform.
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• Dec 26, 2021 · 3 years ago
  Dealing with annoying bots on exchanges can be a real headache. One approach that has shown promise is the use of CAPTCHA challenges during the account creation process. By requiring users to solve a simple puzzle or enter a verification code, exchanges can effectively filter out most automated bot registrations. While this may add an extra step for legitimate users, it can significantly reduce the number of bots on the platform.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we have successfully implemented a multi-layered approach to combat annoying bots on our exchange. Our system combines advanced machine learning algorithms with real-time monitoring to detect and block suspicious bot activities. Additionally, we regularly conduct security audits and collaborate with industry experts to stay updated on the latest bot detection techniques. This proactive approach has helped us maintain a bot-free trading environment for our users.
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