Are there any tips or tricks to prevent the BitMEX market maker bot from running?
Martin CompelDec 26, 2021 · 3 years ago3 answers
I'm concerned about the BitMEX market maker bot running on my account. Are there any strategies or techniques I can use to prevent it from running and potentially causing losses?
3 answers
- Dec 26, 2021 · 3 years agoOne way to prevent the BitMEX market maker bot from running is by disabling API access on your BitMEX account. This will prevent any external programs or bots from accessing your account and making trades on your behalf. To do this, go to your BitMEX account settings and navigate to the API Keys section. From there, you can disable API access or delete any existing API keys. By doing so, you can ensure that only you have control over your account and prevent any unwanted bot activity.
- Dec 26, 2021 · 3 years agoAnother tip to prevent the BitMEX market maker bot from running is to regularly review your account activity and monitor for any suspicious trading patterns. If you notice any unusual or unexpected trades, it could be a sign that the bot is active. In such cases, you should immediately change your account password and enable two-factor authentication (2FA) to add an extra layer of security. Additionally, consider reaching out to BitMEX support for further assistance in investigating and preventing bot activity on your account.
- Dec 26, 2021 · 3 years agoAt BYDFi, we understand the concerns regarding market maker bots and the potential risks they pose. While we cannot specifically address the BitMEX market maker bot, we recommend following best security practices to protect your account. This includes using strong and unique passwords, enabling two-factor authentication, regularly monitoring your account activity, and being cautious of any suspicious emails or phishing attempts. By taking these precautions, you can minimize the risk of unauthorized access to your account and prevent any unwanted bot activity.
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