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Telegram trading bots enable fast crypto trades via chat but carry custody risks.

Market News
06 Aug 2026
Crypto news
View Source
Neutral
pluang ai news

Telegram trading bots allow users to trade cryptocurrencies directly through the Telegram app by automating transactions on decentralized exchanges. These bots offer speed and convenience, executing trades in seconds and supporting features like sniping new token launches and setting limit orders. Major bots like Banana Gun and Maestro dominate with billions in trading volume, but users face significant risks since bots hold private keys, exposing funds to potential hacks or operator malfeasance. While fees range from 0.5% to 1% per trade, the lack of regulatory oversight and custody risks mean users should limit funds in bot wallets and stay cautious of scams.

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