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Many traders these days rely on a crypto bot to help them do exchanges, otherwise, they end up falling behind in the pack, and not achieving the results they wanted.

Bitcoin in particular is a popular cryptocurrency to exchange, and its meteoric rise has seen a lot of people cashing in, hoping to make a fortune.

However, you can’t do it on your own, and even though you might not have a lot of technical experience, you can still rely on a high-quality crypto bot to get the job done.

There are plenty of options out there in the industry, so let’s review one called Gekko.

How Long Has Gekko Been Around?

Gekko

Gekko has been around since 2013. It is an open-source trading bot which means that it has its code openly available on the website GitHub, where if you are a developer you can take a look at its enhancement.

Over the past six years, Gekko has been able to gather quite a few community members around its features, which is primarily because of its open-source approach.

It offers support for multiple exchanges, as well as different features, and it is considered a well-known crypto bot in the industry. The bot uses a command line interface to do the work.

What Does Gekko’s Reputation Look Like?

Gekko allegedly has a good reputation among the crypto trading community and a lot of positive reviews on websites out there.

A programmer from Amsterdam first started Gekko, it currently has more than 2600 commits on the website GitHub, as well as 187 contributors.

The project has been able to include additional coding programs and plugins as a result of the support it receives from its community, and it includes a premium version named Gekko Plus, which comes with a variety of different price points.

It remains a relatively niche product despite the hype.

What Exchanges Does Gekko Support?

Gekko supports Binane, Kraken, Poloniex, Bitfinex, Bittrex, Coinfalcon, Luno, and others. It currently supports more than 10 active exchanges for cryptocurrency, and with some of the exchanges, you receive full support when it comes to the platform features, but there are some platforms out there that have limited functionality.

It just depends on which platform you are currently on. Gekko includes other platforms like Gemini on their roster, but they have since been disabled by moderators, and currently can’t be used.

How Much Does Gekko Cost?

Because Gekko is an open-source project, it doesn’t cost anything. However, this doesn’t mean that it’s all sunshine and roses because it does have its restrictions as a result. This is particularly prominent when it comes to ease of use.

For example, if you really want to make the most of it, you need to be pretty proficient in programming, especially when it comes to javascript.

You will also need to have a server or computer that is able to host the application so that you can run it effectively, which isn’t something that everyone is going to have.

How Easy is it to Use?

Gekko

Gekko offers its clients a lot of options in terms of features but being easy to use isn’t one of them. Again, as we have mentioned already, unless you know a lot about programming and are able to implement your own skills into the mix, you’re going to have a hard time getting to know this crypto trading bot.

This is primarily because it requires complex coding to even be set up, so you’re doomed from the start if you have no experience. It isn’t going to be easy to apply different trading mechanisms if you’re not familiar with javascript.

What Settings Does Gekko Offer?

Gekko offers a number of different settings, which means that you can make long and short investments through their exchange.

The other thing to take note of here is that if you’re proficient in coding, particularly when it comes to javascript, you can come up with your own strategies, so there’s a bit of freedom here.

However, this is certainly not one of those crypto bots that is available for everything and can be quite restricting. It offers paper trading and backtesting, but the bottom line with their settings is that they can be difficult to configure.

What’s Gekko’s Security Like?

Gekko’s security is as secure as it can be, considering it is operated through the server or computer that is has been installed on. When it comes to people who are expert computer users, it provides a lot of flexibility, but not for novices.

There is a stark lack of front-end features, including two-factor authentication, which means that it can be quite vulnerable in terms of the average everyday trader who might not be familiar with specific coding sections.

Top Gekko Alternatives


TOP TRADING BOTS

bitsgap 1Free 14-day PRO trial

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As we have explained, Gekko is a great option if you are someone who has been in the crypto trading industry for a while and also has a lot of experience with computers. You shouldn’t have any issues implementing your own strategies and using Gekko to your advantage.

However, if you don’t fall into this category, Bitsgap is a great choice that offers an all-in-one trading platform for Bitcoin and other crypto.

Quadency is really good as well, and a great choice if you are someone who doesn’t know all that much about coding, but still wants to be able to make great trades on a daily basis.

Review Summary

Gekko
Gekko

There are plenty of options out there in the industry, so let’s review one called Gekko.

Price: Free

Price Currency: USD

Operating System: All

Application Category: Crypto

Editor's Rating:
2.5
Gekko explained, a free & open source crypto trading platform

This is an old video. I am not maintaining Gekko anymore.Disclaimer: The information in this group is for educational purposes only and is not investment or ...

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