#BotOrNot Bot trading on Binance offers several benefits, including automated trading, 24/7 market monitoring, and emotionless decision-making. Bots can also handle multiple trades simultaneously, allowing for scalability. Additionally, bots can be integrated with Binance's API, providing access to real-time market data.
However, bot trading also has its drawbacks. Technical issues, market volatility, and over-optimization can lead to significant losses. Bots also lack human judgment and rely on high-quality data to make decisions. Security risks, API rate limits, and additional fees are also concerns.