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How can I decline auto-trading on cryptocurrency exchanges?

avatarNafees AhmadDec 29, 2021 · 3 years ago3 answers

I want to disable auto-trading on cryptocurrency exchanges. How can I do that? I'm concerned about the risks associated with automated trading and want to have more control over my trades. Can someone guide me through the process?

How can I decline auto-trading on cryptocurrency exchanges?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Sure, disabling auto-trading on cryptocurrency exchanges is a straightforward process. First, log in to your exchange account and navigate to the settings or preferences section. Look for an option related to trading settings or automation. Once you find it, you should be able to disable auto-trading by toggling the switch or selecting the appropriate option. Make sure to save your changes before exiting the settings page. This will prevent any automated trades from executing on your behalf.
  • avatarDec 29, 2021 · 3 years ago
    Disabling auto-trading on cryptocurrency exchanges is essential if you want to take control of your trades. To do this, go to your exchange account settings and look for the auto-trading or trading automation section. You should find an option to turn off auto-trading. By doing so, you can manually execute trades and have a better understanding of the market conditions before making any decisions. Remember, it's always important to stay informed and be actively involved in your trading activities.
  • avatarDec 29, 2021 · 3 years ago
    If you're using BYDFi, you can decline auto-trading by following these steps. First, log in to your BYDFi account and go to the settings page. Look for the 'Auto-Trading' section and disable the toggle switch. This will prevent any automated trades from taking place. It's important to note that BYDFi offers a range of trading options, including manual trading, so you can still actively participate in the market. Taking control of your trades can help you make more informed decisions and manage your risk effectively.