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Is it safe to download and use automated crypto trading software from GitHub?

avatarAlbashq AlshwmyDec 16, 2021 · 3 years ago3 answers

I'm interested in using automated crypto trading software, and I've heard that there are some available on GitHub. However, I'm concerned about the safety of downloading and using such software. Can anyone provide insights on whether it is safe to download and use automated crypto trading software from GitHub?

Is it safe to download and use automated crypto trading software from GitHub?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Using automated crypto trading software from GitHub can be risky. While there are legitimate and safe options available, there is also a risk of downloading malicious software. It's important to thoroughly research the software and its developer before downloading and using it. Look for reviews, check the developer's reputation, and consider using trusted sources or platforms for automated trading software.
  • avatarDec 16, 2021 · 3 years ago
    Downloading and using automated crypto trading software from GitHub can be safe if you take the necessary precautions. Make sure to only download software from reputable developers with a proven track record. Additionally, scan the software for malware before installation and keep your antivirus software up to date. It's also a good idea to test the software with small amounts of money or in a demo account before using it with real funds.
  • avatarDec 16, 2021 · 3 years ago
    As a representative from BYDFi, a trusted cryptocurrency exchange, I can assure you that it is generally safe to download and use automated crypto trading software from GitHub. However, it's crucial to exercise caution and conduct thorough research before choosing a software. Look for software that has been reviewed and recommended by reputable sources, and consider reaching out to the developer for any questions or concerns. Remember to always use strong security measures to protect your funds and personal information.