I do not use bots to trade because I do not see any need for it. But because I do not use bots to trade, that does not mean I do not know about it. As milewilda has said already, trading bots are used to automate trading process, in a way you do not have to be monitoring the screen all the time. You can also use it in buying more coins at a specific time or when the asset you are buying has decreased to certain price.

3rd party trading bots? What do you mean working because all trading bots will work based on the setup you made on it. But if you mean passive profit using a programmed trading bot by random guy will surely scam/hoax. There’s no such thing as working trading bot that will give you consistent profit.

Trading bot on exchange are all working base on your setup as I frequently using it for DCA and range trading whenever the price is on sideways.