For trading on Whitebit

The cryptocurrency market is characterized by high volatility, as crypto prices can change quickly and unpredictably. Under these conditions, manually trading digital assets is quite difficult – you might simply miss a profitable order and lose your profit.

That's why professional traders use automated tools—specialized trading bots that monitor quotes 24/7, avoiding risks and making trades much faster and more efficiently. In this article, we'll discuss crypto bots and how to develop one for trading on the popular WhiteBit exchange.

What are crypto bots?

A cryptocurrency bot is a specialized program that monitors the market situation and can automatically open and close orders based on predefined algorithms. These algorithms can be either preset or customized by the trader. This means that using a bot allows you to test and implement a variety of strategies to increase your profits.

Using such bots offers traders numerous advantages. Here are the main ones:

• Instant response. The bot responds to signals much faster than a human and can automatically generate hundreds of orders per second. This allows traders to profit reliably even with minor price fluctuations.
• Increased efficiency. The bot can perform dozens of tasks simultaneously – scanning the market, executing trades, analyzing the prices of multiple cryptocurrencies, and so on. This ensures it never misses a single earning opportunity.
• Continuous operation. The program is not a human. It can operate 24/7, without breaks or weekends. This means the trader will never miss a profitable trade.
• Lack of emotion. Statistics show that most trader mistakes are the result of emotional stress. A trading bot is unaffected by this factor and operates solely on algorithms and cold calculations.

Choosing technologies for bot development

When developing bots for the Whitebit cryptocurrency exchange, our team uses the CCXT library. It connects to over 120 exchanges worldwide and provides quick access to market data for storing, analyzing, visualizing, testing strategies, and developing indicators.

The CCXT library provides two types of APIs - private and public - and easily integrates with popular programming languages: Python, PHP, and the Node.js platform. These technologies are used to build the crypto bot's backend.

As for the client side, static technologies such as JavaScript/HTML/CSS or reactive frameworks such as Vue.js and React.js can be used for its implementation.

A cryptocurrency bot can also be developed for mobile devices. In this case, native technologies - Kotlin for Android and Swift for iOS - or cross-platform technologies - Flutter/Dart - are added to the stack.

How is the development process organized?

The development of a crypto trading bot on the Whitebit exchange is carried out using the Scrum methodology and consists of six main stages. Let's take a closer look at them.

Step 1. Collecting information

Before starting technical implementation, the development team needs to understand how traders will use the bot, what tasks it should solve, and, accordingly, what functionality it will require.

Stage 2. Prototype

During the prototype process, a product concept is formed and a carefully designed prototype is created. Typically, it includes:

• Interface warframes.
• Function block diagrams.
• Table with description of functionality.
• Project mathematics.

This way, the client can already understand at this stage how the trading bot will work once development is complete. To present the mockup and facilitate communication, our team also records short demo videos.

Stage 3. Design development

A trading bot's GUI is the visual environment in which a trader will spend most of their time. Therefore, it must be user-friendly, flexible, and attractive. To achieve the best results, professional designers are involved at this stage, developing and presenting several UI concepts to the client.

Stage 4. Programming

The technical implementation of a crypto bot consists of two main parts:

• Frontend. This is the external part of the product, with which users interact on the client side. Frontend development includes layout, animations, transitions, interactive charts, and other components that make working with the bot comfortable and effective.
• Backend. The server side's purpose is to ensure secure data storage and implement trading strategies through innovative functionality. At this stage, developers configure servers and databases, build a client-server architecture, write the code for the functionality, and implement the bot's network capabilities.

Step 5. Testing

Once development is complete, it's important to ensure the trading bot functions correctly and is bug-free. To do this, QA engineers perform comprehensive product testing and, if necessary, oversee bug fixes.

Stage 6. Technical support and development

Releasing the bot is just the first step; the developers will then have to meticulously develop and improve it. This approach will ensure its functionality remains relevant and always meets the ever-changing demands of the crypto market. Therefore, once development is complete, we offer technical support for the product.

Developing a trading bot for the Whitebit crypto exchange at CryptonisLabs

A cryptocurrency bot helps automate trading and completely eliminates the human factor from the trading process. As a result, you'll spend less time analyzing the market and placing orders, while significantly increasing your income. However, to ensure such a tool truly generates profits, rather than losses, we recommend entrusting its development only to professional teams with relevant case studies.

CryptonisLabs has extensive experience developing innovative solutions for the cryptocurrency market – from trading bots to exchanges and major crypto exchanges. We have all the necessary infrastructure and established teams of specialists to implement projects of any complexity.