Can someone trade on my behalf using a cryptocurrency trading platform?

3 answers

• Jan 09, 2022 · 3 years ago
  Yes, it is possible for someone else to trade on your behalf using a cryptocurrency trading platform. Many platforms offer features like API access or delegated trading, which allow you to grant permission to another person or a trading bot to execute trades on your behalf. However, it is important to exercise caution and only grant access to trusted individuals or reputable trading bots to ensure the security of your funds.
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• Jan 09, 2022 · 3 years ago
  Absolutely! With the advancement of technology, cryptocurrency trading platforms have made it possible for someone else to trade on your behalf. You can set up an API key and share it with a trusted individual or a trading bot. They will then be able to access your account and execute trades based on your instructions. Just make sure to choose someone reliable and take necessary precautions to protect your account and funds.
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• Jan 09, 2022 · 3 years ago
  Sure, you can allow someone else to trade on your behalf using a cryptocurrency trading platform. For example, at BYDFi, we offer a feature called 'Delegated Trading' that allows you to authorize a third party to trade on your behalf. This can be useful if you want to take advantage of someone else's expertise or if you're unable to actively manage your trades. However, it's important to carefully consider the risks involved and choose a trustworthy individual or trading bot to handle your account.
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