Compatible with BTC, ETH, Litecoin, XRP, and many other coins. All Rights Reserved. No matter how good the bot is, it will eventually increase the overall traffic on the platform. We only charge transaction fees per trade, just like any other form of trading on other markets. In fact, many have been doing it manually for a long time. Because of this, you don't have to spend a dime on any trading tactics. KuCoin Trading Bot is a free trading tool that can help users save time and energy while improving their profit. Pros and cons of using a bot First make sure you are using Coin/BTC pair and NOT Coin/USDT pair. Kucoin is a popular cryptocurrency exchange that offers a trading bot service to its users. However, a separate trading exchange is recommended since CryptoHopper uses API keys and does not have the authority to carry out withdrawals from your exchange. (Classic Grid running page provided by KuCoin user). 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. Start trading on KuCoin with automated trading bots from Bitsgap to start making profits today and finally funding your retirement! It profits from the spot market and futures market without worry about price volatility. Over the next few months, the bot has undergone slight modifications, and today it has six features. The robot is really suitable for people who wish to trade in the Futures market but lack the experience!! Step 1: Install KuCoin App Download and install KuCoin App, then locate "Spot Grid" on the homepage. I was a beginner in crypto when I found KuCoin. All things considered, the great majority of negative experiences are caused primarily by a lack of knowledge about crypto trading. An Arbitrage tool, a Market-Making bot, and a strategy builder are just some of the trading tools available on the site. Step 1: Download the KuCoin app here. Many investors are familiar with this strategy, and I believe most of you have done this manually. Kucoin Trading Bot Best Settings By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. VICTORIA, Seychelles, Jan. 19, 2021 /PRNewswire/ -- On January 19, 2021, KuCoin, an IDG backed crypto exchange, announced that it officially launched the Trading Bot Feature. Spot Grid: CSIX/USDT, CSIX/ETH Martingale: CSIX/USDT, CSIX/ETH Infinity Grid: The core of this strategy is to increase the total amount of assets while maintaining the portfolio percentage basically unchanged. So read on! If your KCS is in the trading bots, then the KuCoin Bonus will be automatically received at 00:00 ( UTC time) every day and goes to the bot sub-account. If you are an expert trader and want to make more profits using complex information, try for any better option than KuCoin. 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. SecuX V20 & W20 Review Is This Hardware Crypto Wallet Safe & Legit? Setting and market changes are the only variables that may affect a bot's trading outcome. As soon as you set it up, the bot will do the work for you. It is a passive approach to trading cryptocurrency and maximizing one's potential profit. Markets are just data of prices of a currency with time. In addition, it may be used for DCA, smart rebalancing, and the like. It is equivalent to configuring a 24/7, all-around bot butler for your trading strategy. For a lot of investors, there are only a few strategies that are right for them and fit their style. Launched in early 2021, KuCoin Trading Bot has been up and running for some time. What is Metaverse.Network & Bit.Country (NEER) and How Does it Work? 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. If you choose the infinite grid, the price will never go above or below the limitations that you specify for it. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. Moreover, it has 500+ cryptocurrencies listed on the platform to provide an array of options for investors. KuCoin describes it as a type of quantitative trading that uses a grid to set up different price points. Lastly, KuCoin exchange also offers the third type of trading robot, known as the DCA Bot. The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. KuCoin is an established cryptocurrency exchange that offers a wide range of crypto assets and crypto-related services. For using a trading bot, it doesnt mean that youre guaranteed to make profits. Like other crypto trading bots that rely on broad use rather than high customizability, KuCoin's features are rigid and not subject to considerable fine-tuning. Infinity Grid Bot doesnt have an upper limit, which means youll never sell all your coins even when the price surges a lot. Once you've settled on a trading strategy and a trading pair, the next step is to deposit money into your KuCoin wallet. As a result of developing the future grid, the original grid bot has been given a contemporary makeover. The robot will divide users investments into several grids, and keep buying low and selling high. Quite a significant number of users engage in trading without previously learning all the basic rules and concepts. KuCoin charges rock-bottom fees and supports trading in a huge range of cryptocurrencies. Then the bot will arbitrage for you within the interval. The number of orders to be placed determines the price ranges the bot will operate on. KuCoins trading bot is ideally used on volatile trading pairs, in which the cryptoasset users pick is preferably moving up. While using a trading bot can monitor market holdings on your behalf and execute trades 24 hours non-stop. Whats the difference between KuCoin Trading Bot and other Bots. Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. The Explorer plan also offers a free trial period, which you may take advantage of. Instead, its ideal to find a balance based on the chosen trading pair, the price range, and the number of orders. 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. From there on, it all depends on the behavior of the crypto markets. According to KuCoin, it is a combination of Futures and Grid trading, which can bring grid . 11 comments Best Add a Comment kucoin_moderator 1 yr. ago It's not a tool that once you get it, you will be winning all your trades. Currently, KuCoin supports Classic Grid Trading Bot and DCA Bot on the platform. What are the advantages of KuCoin Trading Bots? If youre already tired of the volatility and looking for a more stable return, then check out the arbitrage bot on Pionex. Have you tried it? DCA is a quite mature strategy in the finance world, and it works best in the initial stage of a bull market. You'll have plenty of space to experiment and experiment freely with the free plan. The exchange has great liquidity and order execution is impeccable. Additionally, the tool allows you to search for a specific cryptocurrency or categorize them according to your favorite trading platform or asset type. Beginners who don't need anything complicated may use the KuCoin trading bot. Create Bots in mid 2021, KuCoin Trading Bot has been going for quite a while. In addition, you may instantly transfer funds from your main wallet to your trade wallet by clicking on the transfer button. What are the advantages of KuCoin Trading Bots? They have the Classic Grid, Futures Grid and DCA. 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 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. Additionally, KuCoin trading bot provides free trading strategies which let you take returns without monitoring the market. In most cases, Classic Grid Bot can fulfil your needs, while Futures Grid bot is preferred if: a. It also takes away the factor of emotions from trading. The first three months of subscription are free, and you may cancel at any moment. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. 2. Unlike other platforms, it has the most advanced GRID Bot features including stop-loss, take profit, and trigger price. It just does putting in orders and closing them automatically based on the rules you set upfront. Here are my results on the KuCoin Trading Bot. Get notified when coins are being delisted, KuCoin Trading Bot Review: A Future of Easy Yet Profitable Trading, Need a monthly subscription to access all features, Mobile App equipped with almost all features, No hidden fees apart from monthly subscription, Strategies can be created by simply drag and drop process, Don't require connecting with the third party, It offers a long list of coins for trading. This is a robot that exploits the investment strategy known as Dollar-Cost Averaging. 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. It's down a lot at the moment, about a third. Imagining you are bullish for Bitcoin in the long run and want to spend 5% of your monthly income into it, previously you have to make the purchase manually every month while with the help of DCA bot, things will become so much easier. Full disclosure: I've had a few bots but am by no means an expert. is a free trading tool that can help users save time and energy while improving their profit. The trading bot plays no magic here. The main premise of the bot is to buy low and sell high in order to make profit in a highly volatile market. Crypto trading bots are the life savior for investors as they don't have to be in front of a computer the whole day. 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. Automate your trading with smart features. 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. Because of competitive fees and other unique features, KuCoin has 10 million users and works in 200 countries. KuCoin, on the other hand, offers a free trading bot, and you have to pay the trading costs. In DCA, or dollar-cost averaging, funds are divided and invested by computer programs following a predetermined time cycle. The bot may be used on both Android and iOS devices. The other way is to copy others settings. So it doesn't do any technical analysis. Kucoin is an exchange; therefore, these bots will be able to execute trades much . As most of us can hardly predict the real dip of the market, DCA can help optimize our average entry price in most cases. 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 So, if you are a seasoned bot trader, you should give 3Commas a shot. Reward amounts will be determined based on the type and relevance of the information provided. Trading Bots are great for tracking and making the most out of market fluctuations, as they will continue to carry out. Network: Buy Bitcoins Instantly Using Debit/Credit Card, Buy Bitcoin Anonymously (without Verification or ID), Earning Passive Income With Kucoins Trading Bot. Naturally, the bot is limited to KuCoin only, with no other cryptocurrency exchanges supported. With the help of artificial intelligence and the algorithm, trading bots automatically spot the right time to trade and do it for you. Setting up the bot, we have two main options to choose from: a minimum and maximum price in which the trading bot will operate, and a number of orders to be placed. More details comparison for each features please visit the below blog post. So it is important to understand how it works, and keep improving your strategies in practice. Instead then relying on KuCoin's native grid bots, consider utilizing one of the alternatives listed below. Namely, on platforms such as Telegram, Reddit, and Trustpilot, there are many negative reviews of the bot. (DCA running page provided by KuCoin user). Spot-Futures Arbitrage Bot | 15~50% APR . In the end, every investor has their own style and preference with trading, and if you dont, that only means that you didnt spend enough of your time doing research. In addition, the trade is entirely legal, and the bot is simple to operate. In fact, I'm also into trading bot, but more on DCA and classic grid only. Joint AMA of Johnny Lyu & Tokoin Full Transcript. Only on Binance will you be able to utilize Bitsgap's futures trading bot starting in June 2021. As a result of the leverage involved in futures trading, there are risks connected with using this bot under volatile market conditions. Using the trading bot with a third-party provider means you need to connect your exchange account with an API Key. CaptainAltcoin.com 2022 - All Rights Reserved 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. The founders were already in the finance field and had previously run iBox PAY and Ant Financial for a few years. For instance, if you believe Bitcoin price will fluctuate between 30k and 40k in the following days, you can set the two prices as the price range of your Classic Grid. to help users gain profits during market volatility. With this strategy, you wont miss the whole bull market even the price exceed your upper limit. Being one of the finest the KuCoin trading platform paid attention to this feature and introduced its trading bot at the start of 2021. It employs the buy short and sells high strategy when trading futures. I'm also not very familiar with this part of the trading bot maybe because I'm actually more into the classic grid, for those have a leverage experience, yes the new trading bot is very good to run as you said that it have a low risk too, You mean the futures bot? How can I maximize my profit with the trading bot? Grid trading is the basic type of trading, and so it is something that can easily be handled by KuCoins trading bot. The bot's design is straightforward and intuitive. You can edit parameters, and increase investment while the bot is already running, Lots of statistics and analytics are provided for free, No major flaws aside of being limited to coins listed on Kucoin. In most cases, the market is fluctuating. There are no costs involved, except those fees already being charged by the KuCoin crypto exchange market. If you regularly check the news on Kucoins website, you might come across some rather lucrative offers. This is an experimental bot for auto trading the kucoin.com exchange. Yes, it is possible to lose money with trading bots. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. The Kucoin bot first saw the light of day in early 2021, and at the time, it had only three basic features. We make daily profit through great trading ideas and analysis. Trading Bots can "assemble and copy" repetitive tasks to help you easily execute trades. You can reach out to these services mainly on KuCoin and Pionex. If you make too many incorrect login attempts, Bitsgap recommends that you utilize two-factor authentication (2FA), and your account will be suspended. Its a great tool even in different market conditions. KuCoins trading bot is currently available on its mobile application and currently has two settings: the Classic Grid and DCA.. Keep on reading if you want to know more about this amazing tool to simplify your trading process. But it's easier said than done. 3 Altcoins to Explore | Gaming Tokens Continue to Outperform, Will Investors Keep Bullish on AXS? Moreover, more orders being placed does not necessarily mean better performance. In this section, you'll discover a wide range of articles and FAQs that might answer almost all of your questions. It's one of the few platforms where U.S. users can access a margin account for trading crypto, and it. . On the off chance that you feel like your total profit is great and the market might plummet. The latest strategy introduced on KuCoin Trading Bot is Smart Rebalance, a strategy that is favored by crypto holders. Rewards will be provided to users who inform us of the above. KuCoin has a good reputation in the industry at this time. So how to make a choice between Classic Grid and Futures Grid? Heres the must-read before using the trading bot. Cryptocurrency is defining a new era of currency transactions. KuCoin Trading Bot offers multiple tools to help investors implement their trading strategies easily, increasing their winning chance in the crypto market. , 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. In this blog post, we will walk you through the four amazing bots and help you find the ones that suit you most. Best Crypto Signals (Telegram & Discord) Are Crypto Groups Worth It? In a sense, grid trading is to buy low and sell high between two tokens, while Smart Rebalance is to do so among all the tokens in your portfolio. A trading bot is an automated algorithm that executes the strategies for you. However, it is also the safest way to trade, with the least amount of knowledge needed to optimize the robot and make it perform in accordance with what you need it to do. 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. | KuCoin Crypto Gem Observer, KuCoin AMA With Fracton Protocol (FT) for hiENS4 Bringing More Market Liquidity to the 4-Digit ENS Category, KuCoins Into The Cryptoverse Report Reveals that 53% of Brazilian Crypto Investors View Cryptocurrency as a Reliable Storage of Value, KuCoin Announced Strategic Investment in KaraStar, KuCoin AMA with zkTube Protocol (ZKT) The First Layer 2 Mining Network That Provides Extra Security and Privacy, KuCoin AMA with Dimitra Leading Agricultural Technology Software Platform, Helping Farmers To Increase Yield, Reduce Cost and Mitigate Risk. Then use AI parameters and decrease the number of placed orders until the profit per grid is at least 0.5%. 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). But Ill tell you how to increase this earning with the trading bot in the following sections. Also, if the price goes underneath the price range you set the bot to purchase and sell it will no longer function until it reaches the range you set it as.. i encouraged to go underneath the average price range of the coin just in case shit hits the fan so that the bot can at least keep trading and making you profit even when the market is low, when the market is low. And you can really make good profit! They are as follows: When it comes to crypto assets, the bot supports pretty much all the coins that the platform itself supports. 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 is a popular cryptocurrency exchange that offers a trading bot service to its users. Your personal information will be kept confidential. It's also possible to manage your exposure to different crypto trading pairs, by giving the bot specific amounts to use on different trading pairs. Trading Bots are great for tracking and making the most out of market fluctuations, as they will continue to carry out arbitrage with the flow of the market. They have the Classic Grid, Futures Grid and DCA. 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 . 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. With the futures market offering great possibilities even when the prices are dropping, futures trading is very popular during bearish periods. 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. I think the trading bot is a good trading experience for newbies. There are certain terms that you need to know here in order to provide parameters that the robot will use as a guideline for its activities, such as the Min. Your trading progress right next to the terminal. It's tough to sit in front of a computer screen and digcrypto chartsall the time to make a profitable trade. Its easy to navigate. Just like any other trading bot, it does what its told. Decentralized. 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. On KuCoin, the trading bot is only accessible through the Mobile App. KuCoin's bot is still not that much upgraded and needs a lot of improvement to deal with complexities. Your own KuCoin Trading Bot will be up and operating in minutes, producing money for you while you're asleep. This one has a good pattern to use and maybe practice before jumping to something more volatile. KuCoin Trading Bot provides 2 modes to create spot grid trading. The KuCoin trading site, on the other hand, is well-known, and its bot is secure and lawful to utilize. In addition, KuCoin gives users access to a telegram group dedicated to exchanging ideas and exchanging trading strategies. 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I've got three bots running now and they're all in profit at the moment. As long as you pay the monthly costs, the platform is entirely risk-free. You may expect a response from the support staff within a week. Plus, I recommend it for those users who dont want to be exposed to high risks. Currently Im running 5 bots. any users who tried, how much did you invest and did you make any profit or loss? In addition, the bot can handle up to 100 different currencies and tokens. The Best Bitcoin Strategy | How to Invest In Bitcoin with Trading Bots? All you need to do is load up your account and pick a trading bot strategy to start your trading journey! Since the bot has fairly recently left the development stage, it is still free to use. If you are to use the trading bot, theres a discussion group on Telegram with users trying to find the best possible strategies. Manage your cryptocurrency assets with ease. Just to open a discussion. Send automated trading instructions to Binance, Coinbase Pro, Kraken, Exmo, Bitvavo, OKX, Crypto.com, and many more exchanges. The one is "Auto", and another way is "Customize". Recently, KuCoin releases their homemade trading bot, which frees you from the API keys. You can use your coin as collateral for using the margin grid bot. That's why you should pick reliable software providers like 3Commas and use top-tier bots that convert data feed & strategies into tangible profits. of orders places, and alike. In general, Kucoins trading bot can be described as reliable. Using this bot requires that you provide Bitsgap with API credentials for your cryptocurrency exchange to conduct a withdrawal on your behalf. Bull markets are best for bot profitability but a volatile bear market can also garner solid profits. The fact that it is only several months old, however, means that changes and updates are very likely in the next few months. In the, c. Futures Grid: Bring Classic Grid To The Futures Market, Firstly, just like we can long or short a token on, d. Smart Rebalance: Grow Your Portfilio Even You Just HODL, Smart Rebalance can assist holders to further increase their returns. 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. With DCA Bot, its easy for you to DCA in Bitcoin for $1 every 10 minutes. Just keep your profit per grid low and don't get greedy! 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. It is built to be a zero-cost, time-saving, and simple-to-use. A crypto trading bot is not a get-rich-quick solution. Everything About the Ethereum London Hard Fork Update with EIP-1559 | Will This Impact The Price of ETH? More importantly, this new tool is accessible. thats the easiest way to earn in this traidng bot imo, the AI grid most of the time, as i have no idea what price range i will put on them, This trading bot doesn't give us an entry or exit strategy, right? Is Kucoin Trading Bot Reliable? After that look for a coin that hasn't had a crazy price action like +/- 30%. Its also possible to manage your exposure to different crypto trading pairs, by giving the bot specific amounts to use on different trading pairs. The bot waits for these price points to be reached, so it can either buy the cryptoasset low, or sell it high. Using a trading bot gives you the flexibility to trade whenever you choose, day or night. However, this problem has been solved with the development of crypto trading bots. You should be aware that trading bots might cost you money, which is something to keep in mind. Is there a paper trade feature in kucoin bots? For learning more info, please visit this tutorial instead. So it is a good strategy in a volatile market, and higher volatility may bring higher returns. According to the latest assessments, there are more than 800 coins available on the crypto exchange. The correct expectation is that the bot helps you minimize the risks and eliminate human error and emotional decisions. 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.