3Commas is a top cryptocurrency trading 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. 278% (2 days GRT), 635% (28 days API3), and 125% (37 days CAKE) net APRs. I just realized the best strategy that works for me is the Futures Grid Trading Bot. When to stop the Kucoin trading bot ? What the bot does is help you execute your strategy even when youre sleeping. Here are the three best options you should rely on for trading on the KuCoin platform. Everything else is done by the AI. Using Mudrex, you can create, test, and implement trading strategies. Because of competitive fees and other unique features, KuCoin has 10 million users and works in 200 countries. KuCoin AMA With Pocket Network (POKT) Accelerating the Future of Web3 Infrastructure. Unlike the normal crypto trading bot provider, such as 3Commas or Cryptohopper, its free for users to use KuCoin Trading Bot, just like how Pionex offers 12 free cyprot bot for their users. It is an automated program that executes buy and sell orders when predetermined market conditions are met. It's a scam bot that takes users money that dont use it !! We only charge transaction fees per trade, just like any other form of trading on other markets. CopyRight 2017 - 2023 KuCoin.com. Nevertheless, it got attention from experienced traders. LOL until KuCoins app locks when FUD happens and your bot liquidates costing you thousands of USDT. It helps you to place pairs of buy and sell orders and profit from the price volatility. Crypto trading bots are the life savior for investors as they don't have to be in front of a computer the whole day. Since the launch in January 2021, over 5.5 million bots have been created and about $150 million profit have been made to KuCoin users. It's one of the few platforms where U.S. users can access a margin account for trading crypto, and it. Yes, the Kucoin trading bots work in that they execute trades 24/7 based on defined parameters. The fact that it is only several months old, however, means that changes and updates are very likely in the next few months. The whole point is get tons of hits that eventually add up. Assuming that you want to allocate 40% of your fund to BTC, 30% to ETH and 30% to, For more info about Smart Rebalance, check the tutorials for. Instead, its ideal to find a balance based on the chosen trading pair, the price range, and the number of orders. Get the Better Alternative Grid profits represent the profits the bots have made in arbitrage trades since the time you started the bot upon entering the market. A proof-of-concept thing for me.. We may receive a commission, at no extra cost to you, if you click through our links and make a purchase from one of our partners. This post doesn't have any thought behind it. They have the Classic Grid, Futures Grid and DCA. And, if something is perfect for rookies and newcomers, it is usually frowned upon by more experienced crypto traders. First make sure you are using Coin/BTC pair and NOT Coin/USDT pair. Price, Max. You still need to be involved and put in the time, effort, and knowledge necessary to make a great success in your trades. Using the trading bot with a third-party provider means you need to connect your exchange account with an API Key. 2. KuCoin Trading Bot Adds CSIX/USDT and CSIX/ETH Trading Pairs 2023/02/20 13:47:46 Announcements Dear KuCoin Users, To enrich the variety of assets available, KuCoin Trading Bot has added CSIX/USDT and CSIX/ETH trading pairs. The Explorer plan also offers a free trial period, which you may take advantage of. If thats what in your mind for using the KuCoin trading bot, you better stop using it, or you might be disappointed with the results. On KuCoin, the trading bot is only accessible through the Mobile App. Send automated trading instructions to Binance, Coinbase Pro, Kraken, Exmo, Bitvavo, OKX, Crypto.com, and many more exchanges. After the creation of the Classic Grid Trading bot, KuCoin decided to also add support for Futures Grid, in order to help investors earn profits in yet another popular way. After that look for a coin that hasn't had a crazy price action like +/- 30%. Currently, the rebalance can be triggered on ratio or time per your settings. An ideal strategy will depend on the trading pair you want it to operate on. Please also bear in mind that, compared with the Classic Grid Bot, the Futures Grid Bot runs on the futures market. It gives a new way to generate passive income without always sitting in front of your laptop. Cryptohopper Review: Is This The Best Crypto Trading Bot? 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%. However, KuCoin has few built-in trading bots, such as Grid bots for both spot and futures markets and a DCA bot. to find more about KuCoin Trading Bot review. Grid bots are profitable when the market is trading sideways or going up. The KuCoin Trading Bot is a trading tool that. 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They assist in mitigating the harmful effects of market volatility in the long run. The volatility is clutch for the bots to shine truly. Its one of the most complicated parts and always having trouble when the traffic is high. How to set Auto parameters? 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. Other bot providers, for example, charge a monthly fee for their services. Recently, the KuCoin Trading Bot has introduced its latest trading strategy called the. In the case of extreme market volatility, a risk of liquidation still exists. The good thing is that Kucoin organizes frequent promotional campaigns during which it offers special discounts and trading free rebate coupons to its most active users. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. 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. It is equivalent to configuring a 24/7, all-around bot butler for your trading strategy. The bots parameters determine its trading strategy and are set by the user. The way a Futures Grid Bot works is similar to a Classic Grid Bot, both of them can make passive income by buying low and selling high. In other words, you can deposit a few thousand dollars and then instruct the robot to buy $50 worth of BTC every day, or every other day, and slowly build up your position. 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. So all you have to do is to download it, run it, and your investing adventure may begin. Classic Grid, aka Grid Trading Bot, is one of the most famous bots over the globe. It's not a tool that once you get it, you will be winning all your trades. With the ability to customize settings and make trades based on market conditions, the Kucoin trading bot is a powerful tool for maximizing profits in the highly volatile world of cryptocurrency trading. As a result, you should only invest money you are willing to lose. For a lot of investors, there are only a few strategies that are right for them and fit their style. 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 . KuCoin Trading Bot provides 2 modes to create spot grid trading. a. Ive run a $5000 trading bot for a week and was negative in profit from all the fees, setting limit orders myself was a better choice. Or rather, to spend a certain amount of the deposited funds for purchasing specific crypto in a specific time interval. 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. But Ill tell you how to increase this earning with the trading bot in the following sections. I was a beginner in crypto when I found KuCoin. 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. However, with the number of new traders being constantly on the rise, it is worth remembering that most of these traders are newcomers who do not have the knowledge, experience, and skill to trade futures. The bot waits for these price points to be reached, so it can either buy the cryptoasset low, or sell it high. This one has a good pattern to use and maybe practice before jumping to something more volatile. However, this strategy can be quite a hassle if users need to purchase cryptocurrencies on a daily basis. Once you've determined how much you'd want to earn, click "Confirm" to get started. That's the disadvantage for running a bot, probably to balance out the advantage of trading bot too, I only use Grid trading and the DCA most of the time and IMO its a good one even for newbies.. Will try to use the futures, also don't know how to used that one, gonna check out some tutorial on youtube later, Futures option just got available recently. 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. 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. But its a hassle if you need to buy Bitcoin, ETH, or other cryptocurrencies every day. Of course, the reason why the robot is so successful is that its decisions are not affected by the human factor. Over the next few months, the bot has undergone slight modifications, and today it has six features. Your own KuCoin Trading Bot will be up and operating in minutes, producing money for you while you're asleep. As we can see on crypto trading leaderboards, some traders manage to have returns above 100% per year or more, all while trading in a market as volatile as this one. of orders places, and alike. In addition, you may save money by signing up for an annual membership instead of paying monthly. 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.