
How Crypto Trading Bots and API Keys Work
Every bot is software holding the keys to an exchange account; what it can do is decided entirely by the permissions on the API key it was given.
Execution coverage for active crypto traders: choosing venues, reading spreads and funding, managing leverage, and sizing a position to survive a drawdown.

Every bot is software holding the keys to an exchange account; what it can do is decided entirely by the permissions on the API key it was given.

Position sizing is the arithmetic that converts a tolerable loss into a position size before the trade is placed — and it, not the entry, decides whether an…

When a leveraged account's collateral runs out, the exchange's liquidation engine closes the position; if losses outrun the insurance fund, profitable traders…

Perpetual futures never expire, so exchanges charge longs and shorts a periodic payment called funding that pulls the contract back toward spot — and reveals…

Leverage lets a trader control a position many times larger than the collateral posted; margin is the collateral itself, and the exchange takes it when the…