What Is KuCoin Trading Bot? You will be looking for a coin with less than +10%, preferably +5%. Network: Buy Bitcoins Instantly Using Debit/Credit Card, Buy Bitcoin Anonymously (without Verification or ID), Earning Passive Income With Kucoins Trading Bot. Take the classic grid, for example; it helps you accumulate more coins when the price dip and gradually profit when the price rises. More details comparison for each features please visit the below blog post. In the KuCoin Trading Bot, you can set an investment target, say 10% gain, before starting the bot. However, a user must still give some input into what they believe the market direction will be (up, down, sideways) in order for the bot to execute a profitable strategy. Essentially, the . Also imo this strategy is the best low effort one for beginners. 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. Trading Bots can "assemble and copy" repetitive tasks to help you easily execute trades. Everything You Need to Know about Bitcoin Halving. If you fall out of the grid then your not making money so it could be a long term hold or build in a stop loss. Lets say your portfolio percentage has changed from 40% - 30% - 30% to 45% - 30% - 25%, the bot will then sell some Bitcoin to reduce its percentage from 45% to 40%, meanwhile buy some KCS to make it back to 30%. 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. It is another useful tool after Classic Grid, DCA, and Futures Grid to help users gain profits during market volatility. KuCoin trading bot is KuCoins new feature which provides trading bots within the exchange itself. Classic Grid is more complex, and essentially taken advantage of the volatility in crypto markets. Telegram users may now utilize the CryptoHopper signaling bot provided by the program. It supports over 25 different trading platforms (including but not limited to Poloniex and Binance). 3Commas recently released a new GRID bot as well as a DCA bot. Moreover, it has 500+ cryptocurrencies listed on the platform to provide an array of options for investors. 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. Infinity Grid Bot doesnt have an upper limit, which means youll never sell all your coins even when the price surges a lot. The Min and Max price points determine the lowest and highest price the bot will buy the cryptoasset at. Just keep your profit per grid low and don't get greedy! And, if something is perfect for rookies and newcomers, it is usually frowned upon by more experienced crypto traders. Investing always comes with risks. KuCoin Trading Bot | Made 41% Profit with Crypto Bot A trading bot is an automated algorithm that executes the strategies for you. Full disclosure: I've had a few bots but am by no means an expert. The whole point is get tons of hits that eventually add up. But Futures Grid has two unique features that can help investors make more profits. So all you have to do is to download it, run it, and your investing adventure may begin. The most significant chunk of your funds is secured on the bitcoin trading platform's servers. Simple, easy-to-understand features may help even newbie day traders make money. However, if you know what you are doing and if you set it properly, one will be more than enough. What is this? 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%. KuCoin bots can be profitable if the trading strategies are efficient. It employs the buy short and sells high strategy when trading futures. Smart Rebalance can assist holders to further increase their returns. While a tool is just a tool, what it can achieve still depends on how we use it. 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. They have the Classic Grid, Futures Grid and DCA. However, the complexities involved in the process are irritating for crypto experts. So far, there are three main strategies that users can utilize in order to make a profit, namely: Classic Grid trading, or spot trading, is a well-known and very simple trading strategy that seeks to make a profit from market fluctuations by positioning buy and sell orders. Follow us on Twitter >>> https://twitter.com/kucoincom, Join us on Telegram >>> https://t.me/Kucoin_Exchange, Download KuCoin App >>>https://www.kucoin.com/download. This unofficial subreddit is set to discuss the newly launched KuCoin Trading bot. But the good part is that they have more bots and signals, but you need to pay for the monthly subscription fee that sometimes eats your monthly profit. More importantly, this new tool is accessible. If you don't earn any money from the bot, Mudrex Protect will reimburse your membership payments. I just realized the best strategy that works for me is the Futures Grid Trading Bot. Kucoin bots are free and very powerful. Its one of the most complicated parts and always having trouble when the traffic is high. Press question mark to learn the rest of the keyboard shortcuts. Pros and cons of using a bot The fact that it is only several months old, however, means that changes and updates are very likely in the next few months. 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. For more info about Classic Grid, check the tutorials for, b. DCA (Dollar-Cost Averaging): Lower Your Average Entry Price Via Continuous Investment, DCA is a quite mature strategy in the finance world, and it works best in the initial stage of a bull market. The trading bot plays no magic here. The only trading fee you will have to pay are the ones that are already charged by the Kucion crypto exchange. 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. As long as you are familiar with this bot, you can also customize the parameters to try your preferred settings. After the creation of the Classic Grid Trading bot, KuCoin decided to also add support for. KuCoins trading bot is ideally used on volatile trading pairs, in which the cryptoasset users pick is preferably moving up. The team at CaptainAltcoin.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers. In general, Kucoins trading bot can be described as reliable. This one has a good pattern to use and maybe practice before jumping to something more volatile. a. A smaller number will see the bot buy after a significant drop, and sell after a surge. Follow us on Twitter >>> https://twitter.com/kucoincom, Join us on Telegram >>> https://t.me/Kucoin_Exchange, Download KuCoin App >>>https://www.kucoin.com/download, KuCoin Labs Enriches NFT Ecosystem by Incubating NFT Liquidity Solution BidShop.io, Weekly Crypto Analysis: Market Cap Stays Above $1 Trillion Despite Series of Hacks, FLOW Pumps 40%, KuCoin Exchange Launches Innovative KuCoin Wallet for Web 3 Exploration, All You Need to Know About Trending STEPN (GMT) Coin, KuCoin Survey Highlights the Number of Female Crypto Investors Approached the Number of Male Crypto Investors in Turkey, Three Altcoins to Explore | Top Performing Altcoins During Bitcoin Fall Last Week, KuCoin AMA With Meter Scale and Connect the Financial Internet, KuCoin Weekly Technical Overview: BTC Trend Reverses as Price Breaches Above $44,000 Resistance, KuCoin AMA With Qredo Decentralized Digital Asset Management Infrastructure, Klever CTO Bruno Campos Shares the Latest Developments in the Klever Ecosystem KuCoin AMA Recap, Trading 101: Understanding Different Candlestick Patterns While Trading Cryptos (Part - 1), Ethereums Rally and the Spike of Vitaliks Fortune, What Is KuCoin Token (KCS) And How Does It Work. Britcoin: a Booster for the UKs Economy? The core of this strategy is to increase the total amount of assets while maintaining the portfolio percentage basically unchanged. Answer: Yes, they are profitable depending on the type of trading strategies employed and market conditions. Keep on reading if you want to know more about this amazing tool to simplify your trading process. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. Everything About the Ethereum London Hard Fork Update with EIP-1559 | Will This Impact The Price of ETH? Using this bot requires that you provide Bitsgap with API credentials for your cryptocurrency exchange to conduct a withdrawal on your behalf. a. Step 1: Download the KuCoin app here. Is KuCoin Trading Bot Profitable? It helps you to place pairs of buy and sell orders and profit from the price volatility. Step 2: Choose "Trading Bot"--> "Futures Grid". If, and this "if" is important to consider: You have to do it right! You may access the trading bot by clicking on the help center and then clicking on the button. 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. The volatility is clutch for the bots to shine truly. Using a total of ten bots at the same time helps you to diversify your earnings. Using the trading bot with a third-party provider means you need to connect your exchange account with an API Key. KuCoin releases their homemade trading bot. Compatible with BTC, ETH, Litecoin, XRP, and many other coins. In addition, the paper trading mode provided by CryptoHopper enables you to test your trading strategies and bots without risking your real money. An Arbitrage tool, a Market-Making bot, and a strategy builder are just some of the trading tools available on the site. You may also use the bot to automate your trading depending on the crypto signals you get. Presently, it supports up to 5 times leverage, which can increase the returns of your success trades by 5 times. However, to maximize its effectiveness, you must set suitable parameters and then observe the market's movements within the time you've chosen to monitor. There are two subscription levels: basic and pro. Secondly, leverages are supported on Futures Grid. The trading bot has its own help center inside KuCoin. One of the drawbacks of Class Grid is that if the price suddenly surges, then youll sell all your coin too early and miss the train. The bot can, as such, be used to not only earn passive income if you find the right strategy, but also to complement your own trading efforts or cryptocurrency investments. I have 3+ years of experience in trading bots, especially the grid trading bot. But they're all just a few hundred bucks gambled. Since the bot has fairly recently left the development stage, it is still free to use. Reward amounts will be determined based on the type and relevance of the information provided. It just does putting in orders and closing them automatically based on the rules you set upfront. Well, if it would be simple there would not be so many questions about it here. You can only use Classic Grid Trading Bot and DCA Bot on KuCoin, which is considered the simplest bot for new bot traders. You are limited to one Kucoin bot application per device. Much better to stay over 1% profit minimum. One is called AI parameters, which will suggest the bot settings based on the historical data of the coin. The robot will divide users investments into several grids, and keep buying low and selling high. In most cases, investors are unable to react quickly enough to these price changes in order to carry out the most profitable trade. In this blog post, we will walk you through the four amazing bots and help you find the ones that suit you most. 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. For more info about Futures Grid operation content, check tutorials for Futures Grid 1, (Smart Rebalance running page provided by KuCoin user). 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. This bot can mitigate the risks and increase the chances of generating a profit from crypto trading. Of course, the reason why the robot is so successful is that its decisions are not affected by the human factor. Cryptohopper Review: Is This The Best Crypto Trading Bot? When do you stop the bot? For instance, if you rebalance your investment portfolio every four hours, you can use a Smart Rebalance Bot and program it so that the Bot will automatically balance your investment portfolio.