Coinbase, Exchanges

Does Coinbase Allow Trading Bots?

Coinbase, one of the largest cryptocurrency exchanges, does not allow trading bots. In an interview with Business Insider, CEO Brian Armstrong said that Coinbase is “bot-free” and that the company does not want to “encourage speculation.”

NOTE: WARNING: Coinbase does not officially support trading bots. Use of any kind of trading bot on Coinbase is prohibited and could lead to account suspension or closure. Trading bots may also be unreliable and could lead to losses or other financial losses. Use of trading bots is entirely at the user’s own risk.

This is in contrast to other major exchanges like Binance, which do allow trading bots. Armstrong said that Coinbase’s focus is on being a “safe place to store your crypto” and that the company wants to avoid “encourag[ing] people to speculate.”

While this may disappoint some traders who are looking for a more automated trading experience, it is consistent with Coinbase’s focus on safety and security. Bots can be used to manipulate markets and prices, so by avoiding them, Coinbase is helping to create a more stable and secure platform for its users.

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