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Unlike some other, more sophisticated crypto trade assistants, Kucoins bot is meant for mass usage, and the price of its simplicity is the lack of more complex customizing options. KuCoin Trading Bot offers multiple tools to help investors implement their trading strategies easily, increasing their winning chance in the crypto market. of orders places, and alike. Over the first half of 2021, the exchange constantly kept working on the robot in order to boost its functionalities and features and make it useful to as many users as possible, regardless of which asset they wanted to trade on the platform. The repetitive task can be done with the tool here by the DCA bot. And, since Kucoins expansion was seemingly unstoppable for quite a while, its not such a big surprise that they decided to come up with their trading bot as well. Using this bot requires that you provide Bitsgap with API credentials for your cryptocurrency exchange to conduct a withdrawal on your behalf. To ensure passive income can indeed be earned, the BTC price range should be large enough so that small price movements wont force the bot to stop trading. You can have only one account. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. Recently, KuCoin releases their homemade trading bot, which frees you from the API keys. If youre already tired of the volatility and looking for a more stable return, then check out the arbitrage bot on Pionex. One is called AI parameters, which will suggest the bot settings based on the historical data of the coin. Portfolio rebalancinghas been a tried-and-true method of investing for many years. In addition, the bot can handle up to 100 different currencies and tokens. Without these tips, you might have more losses during the trial and error with the bots. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com, You are limited to one Kucoin bot application per device. Especially the Futures Grid, I mean its easy dont you think? With the futures market offering great possibilities even when the prices are dropping, futures trading is very popular during bearish periods. The trading bot plays no magic here. This probably isn't as much as if I'd just held both assets though. As a result, the robot can already be used for three different types of trading, with more in the pipeline, expected to come at some future date. But, this repetitiveness is exactly what makes it perfect for a DCA Bot. with the flow of the market. Cryptocurrency is defining a new era of currency transactions. You may access the trading bot by clicking on the help center and then clicking on the button. In the ranking page, you can find the top gainers and it is allowed to check their bot and copy it in a few clicks. At the time of writing, KuCoin offers five different trading strategies with the promise of revealing many more. However, this problem has been solved with the development of crypto trading bots. CopyRight 2017 - 2023 KuCoin.com. They have the Classic Grid, Futures Grid and DCA. For a lot of investors, there are only a few strategies that are right for them and fit their style. For instance, buy $50 worth of BTC at 8am everyday to slowly grow your holdings. Wed recommend trying out the bot with a small amount first, until you find a winning strategy. As soon as you set it up, the bot will do the work for you. For instance, in the extreme unilaterally rising market, the trading bots will not miss profit; in the unilaterally falling market, they can help reduce user losses and further reduce investment risks. Just as the name suggests, Futures Grid Bot is a combination of futures and grid trading, which can bring grid profits for users when going long or short. Using Mudrex, you can create, test, and implement trading strategies. In addition, you may instantly transfer funds from your main wallet to your trade wallet by clicking on the transfer button. More and more people are realizing its potential and hence willing to trade consistently. But it's easier said than done. Also having several orders will give you a very small return per sell. Additionally, the tool allows you to search for a specific cryptocurrency or categorize them according to your favorite trading platform or asset type. Bitcoin or Ethereum may be deposited into a trading wallet based on your desire. Its performance, therefore, depends primarily on the settings you choose and on the movements of the market during the chosen period.As we already mentioned, the bot is made for traders who dont have much experience, and it doesnt support certain complex settings common for more sophisticated bots. Dollar-cost averaging is not a new strategy when it comes to investing. It's tough to sit in front of a computer screen and dig crypto charts all the time to make a profitable trade. The core of this strategy is to increase the total amount of assets while maintaining the portfolio percentage basically unchanged. The number of orders to be placed determines the price ranges the bot will operate on. At the point when I began utilizing the trading bot I too lost cash it purchases orders above the current price to make sure it can sell it at that price . Essentially, all that the user needs to do is deliver the funding to the robot, and then instruct it to purchase a certain amount of their chosen cryptocurrency in a specific time interval. 3Commas is a top cryptocurrency trading bot. KuCoin warns traders that different investment times could mean the performance of the bots will be different. In most cases, investors are unable to react quickly enough to these price changes in order to carry out the most profitable trade. (Futured Grid running page provided by KuCoin user). Your own KuCoin Trading Bot will be up and operating in minutes, producing money for you while you're asleep. The bot's design is straightforward and intuitive. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Moreover, it has 500+ cryptocurrencies listed on the platform to provide an array of options for investors. It's not a tool that once you get it, you will be winning all your trades. Unlike other platforms, it has the most advanced GRID Bot features including stop-loss, take profit, and trigger price. Additionally, all API communication is encrypted with SSL and TLS 1.2 to keep your personal data safe from prying eyes. Kucoin trading bot take profit : r/kucoin Hi everyone, how to set up the bot in order to take profit automatically? I've tried a few other currencies and lost. The platform has been operational for more than three years without any major issues that resulted in customer losses. This robot can help them, as it does most things automatically, and so the user doesnt have to do almost anything apart from providing the initial investment and a few parameters that would provide the robot with a base idea of what is expected of it. I just realized the best strategy that works for me is the Futures Grid Trading Bot. Set up a Bot using the methods below to start earning passive income right now. Beginners who don't need anything complicated may use the KuCoin trading bot. You may trade on almost any of them at any given moment. Have you tried it? On the one hand, you can always stick to your expected portfolio percentage, on the other hand, the amount of your tokens will grow through rounds of rounds of rebalance. Then the bot will arbitrage for you within the interval. A proof-of-concept thing for me.. At the time of launch, it didn't offer all the trading bot features but continuously evolved with time. . Create Bots in mid 2021, KuCoin Trading Bot has been going for quite a while. KuCoins trading bot is ideally used on volatile trading pairs, in which the cryptoasset users pick is preferably moving up. The Top 6 Best Practices for Grid Trading Bot . In general, Kucoins trading bot can be described as reliable. A ticket may be sent if you still have questions or concerns. According to the latest assessments, there are more than 800 coins available on the crypto exchange. Determine efficiency of your trading strategy. DCA is a quite mature strategy in the finance world, and it works best in the initial stage of a bull market. A: You'll receive daily KCS bonus rewards by holding at least 6 KCS in either your main, trading, or margin account and on Pool-X (unstaked/unlocked/tradable) and keep it for more than 24 hours. You still need to be involved and put in the time, effort, and knowledge necessary to make a great success in your trades. 11 comments Best Add a Comment kucoin_moderator 1 yr. ago The price is above your entry and bot has been running for more than 1 week. Cryptohopper Review: Is This The Best Crypto Trading Bot? However, the complexities involved in the process are irritating for crypto experts. As a result, you should only invest money you are willing to lose. I've got three bots running now and they're all in profit at the moment. Kucoin Trading Bot Best Settings Your trading progress right next to the terminal. 2.1 Create Spot Grid trading via "Auto" Parameters a. What are the advantages of KuCoin Trading Bots? To do so, one needs to not only thoroughly understand how the market works, but also keep up with new events new projects, and other developments. It also takes away the factor of emotions from trading. The KuCoin crypto exchange market already charges fees, thus no more costs, and it isn't unusual since the company gets a cut of the profits. Kucoin bot is a trading robot that helps to maximize trading profit and reduce human errors in the trading markets. However, KuCoin has few built-in trading bots, such as Grid bots for both spot and futures markets and a DCA bot. Naturally, the bot is limited to KuCoin only, with no other cryptocurrency exchanges supported. any users who tried, how much did you invest and did you make any profit or loss? More than that, Mudrex is compatible with the most significant exchanges, including Binance and Coinbase Pro. Thats what I do most of the time specially on Grid trading. The robot is programmed to do everything on its own, from collecting data to making a forecast and then acting on those forecasts. According to Tradeciety, 80% of all day traders quit within their first two years, and active traders underperform market indices by 6.5% annually on average. Recently, the KuCoin Trading Bot has introduced its latest trading strategy called the Smart Rebalance. As one of the most classic and popular trading strategies, Classic Grid works by selling high and buying low to gain profits in a specific price interval. But its a hassle if you need to buy Bitcoin, ETH, or other cryptocurrencies every day. This post doesn't have any thought behind it. Essentially, the . KuCoin, on the other hand, offers a free trading bot, and you have to pay the trading costs. The only trading fee you will have to pay are the ones that are already charged by the Kucion crypto exchange. It is not an offer to buy or sell any security, product, service or investment. In most cases, the market is fluctuating. In the case of extreme market volatility, a risk of liquidation still exists. This is the situation for now. KuCoin also offers peer-to-peer, margin, and futures trading. KuCoin's trading bot is ideally used on volatile trading pairs, in which the cryptoasset users pick is preferably moving up. This Kucoin trading bot review will take a closer look at the minimum investment required, the potential profitability, and the results that users can expect when using this service. A larger number of orders will see the bot take advantage of smaller price movements, buying after a small dip and selling after a small surge. Trading Bots can "assemble and copy" repetitive tasks to help you easily execute trades. Spot grid is the most efficient and least risky, especially if you choose a good trading pair. Using the trading bot with a third-party provider means you need to connect your exchange account with an API Key. Manage your cryptocurrency assets with ease. There is no exaggeration in saying that crypto trading is one of the best investment domains in today's date. So how to make a choice between Classic Grid and Futures Grid? On KuCoin, the trading bot is only accessible through the Mobile App. Quite a significant number of users engage in trading without previously learning all the basic rules and concepts. The KuCoin trading bot is presented on the Cryptorobotics trading platform. It's one of the few platforms where U.S. users can access a margin account for trading crypto, and it. Altrady is the most advanced trading platform, with its multi-exchange capabilities to integrate over 17 exchanges including ByBit, Binance, FTX, KuCoin, and more.It's been developed by traders for traders and offers advanced trading features like Portfolio Management, OCO, Trailing Stop orders, and many many more features. Once you've settled on a trading strategy and a trading pair, the next step is to deposit money into your KuCoin wallet. It is equivalent to configuring a 24/7, all-around bot butler for your trading strategy. The bot waits for these price points to be reached, so it can either buy the cryptoasset low, or sell it high. With the KuCoin Trading Bot, you do not lose sleep monitoring the market every time, all you need to do is set your trading strategies and the bot sells at your ideal . Firstly, just like we can long or short a token on KuCoin Futures, the Futures Grid Bot allows you to long or short when starting the bot. It gives a new way to generate passive income without always sitting in front of your laptop. It buys at a low price and sells at a high price within a set price range. Configuration Signup Kucoin ( Referral url: https://www.kucoin.com/#/?r=1w3Kd ) Enable Google 2-Step Authentication Go API Center, https://www.kucoin.com/#/user/setting/api Create New Key Rename config.sample.py to config.py Get an Key and Secret, insert into config.py Whether youre a beginner or an experienced trader, this Kucoin trading bot review will provide valuable insights into the features and capabilities of this service. You want to make a profit in a downward trend market, or, b. All content on CaptainAltcoin is provided solely for informational purposes. If, and this "if" is important to consider: You have to do it right! What Is KuCoin Trading Bot? So if you are using a Coin/BTC bot you are gaining profit from the bot but also from BTC going up (compared to a Coin/USDT bot in which you are only getting profit from the bot). And, if something is perfect for rookies and newcomers, it is usually frowned upon by more experienced crypto traders. This item has acquired significant consideration and premium concerning whether in a bullish, negative, or violent market, it can offer a similar comfort, efficient, speed, and knowledge that make it stand apart from the horde of existing exchanging bots. Secondly, leverages are supported on Futures Grid. The trading bot has its own help center inside KuCoin. Reward amounts will be determined based on the type and relevance of the information provided. As of June 2021, this bot is only available on Binance, but the developer plans to include losses and other exchanges shortly. It's tough to tell a future for sure since the bot is constantly upgraded with new features. First make sure you are using Coin/BTC pair and NOT Coin/USDT pair. More importantly, this new tool is accessible. This Kucoin trading bot review will take a closer look at the minimum investment required, the potential profitability, and the results that users can expect when using this service. Hi, i am a kucoin user, i was always curious about trading bot, but i never tried as i only invested and traded in little amount, i wanted to try once, but i wanted to know is it really worth trading using a bot, is it profitable using only $100, what are the chances of losing money and how much % i would lose? Setting and market changes are the only variables that may affect a bot's trading outcome. After that look for a coin that hasn't had a crazy price action like +/- 30%. Over the first half of 2021, the exchange constantly kept working on the robot in order to boost its functionalities and features and make it useful to as many users as possible, regardless of which asset they wanted to trade on the platform. More. Your personal information will be kept confidential. I just let mine go with $1500 for fun, just using the standard classic grid settings. In DCA, or dollar-cost averaging, funds are divided and invested by computer programs following a predetermined time cycle. Kucoin trading bots are automated cryptocurrency trading software strategies that any Kucoin exchange user can use free of charge. Currently, KuCoin supports Classic Grid Trading Bot and DCA Bot on the platform. Perhaps only one of the mentioned strategies will work with you, and perhaps none will. The launch of the KuCoin exchanges official trading bot has garnered much attention in the crypto sector. Some traders have APRs of over 3,000% according to the leaderboard, and to copy them we simply need to click on their profiles, examine their parameters, and click to automatically copy the strategy. The only difference is that the bot is available only inside the mobile app. Investing always comes with risks. I think the trading bot is a good trading experience for newbies. The trading bot for KuCoin follows the settings that you set. That's why you should pick reliable software providers like 3Commas and use top-tier bots that convert data feed & strategies into tangible profits. It means that if you think Bitcoin price will go down, you can also implement grid trading via Futures Grid on KuCoin Trading Bot. You will be looking for a coin with less than +10%, preferably +5%. Now the investors need to put some commands on the bot and sit back to relax. Bitsgapis a well-known trading bot that can be downloaded for free. PnL is a trading term for Profit and Loss and is a calculation of your profits or losses since entering the market. Its one of the most complicated parts and always having trouble when the traffic is high. A crypto trading bot is not a get-rich-quick solution. is a free trading tool that can help users save time and energy while improving their profit. Only on Binance will you be able to utilize Bitsgap's futures trading bot starting in June 2021. Some may wonder, what is the meaning of rebalance? SecuX V20 & W20 Review Is This Hardware Crypto Wallet Safe & Legit? Crypto trading bots are the life savior for investors as they don't have to be in front of a computer the whole day. to help users gain profits during market volatility. The bot automatically sets a number of buy and sell orders and as the price fluctuates the order will get executed resulting in a profit. The KuCoin trading bot is free to use for any registered user on KuCoin. For the most up-to-current information, join the trading bot community on Telegram and stay up to date. KuCoin AMA With Pocket Network (POKT) Accelerating the Future of Web3 Infrastructure. Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. It helps you to buy and sell Bitcoin without screening the market all day. If the price of a cryptoasset is surging or plunging, it may be more profitable to just hold a long or short position. Assuming that you want to allocate 40% of your fund to BTC, 30% to ETH and 30% to KCS, if you are simply holding, the value of these tokens may change over time and the portfolio percentage will soon no longer be 40% - 30% - 30%. In addition, you may save money by signing up for an annual membership instead of paying monthly. Joint AMA of Johnny Lyu & Tokoin Full Transcript. KuCoin has a good reputation in the industry at this time.