Should you decide to ask around and see what the online community has to say about the bot, you might find some rather strange and contradictory reviews. When the price drops into one of these grids, a buy order will be triggered; when it rises into another grid, a sell order will be triggered. KuCoin is one of the largest cryptocurrency exchanges launched in 2017 by Eric Don and Michael Gan in Seychelles. I want to see other peoples experience about it as well. Mudrex, the trading bot provider, has more than 10,000 investors and more than 200 indicators on its platform. This post doesn't have any thought behind it. 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. PnL is a trading term for Profit and Loss and is a calculation of your profits or losses since entering the market. After the creation of the Classic Grid Trading bot, KuCoin decided to also add support for. Being a successful trader isnt easy, especially in the cryptocurrency space. Let's say that the bot makes 10 usd in profit on a trade, cand i take that profit without stopping the whole bot? Step 3: Set parameters for your bot. However, this strategy can be quite a hassle if users need to purchase cryptocurrencies on a daily basis. Users can use. Best Crypto Signals (Telegram & Discord) Are Crypto Groups Worth It? So how to make a choice between Classic Grid and Futures Grid? KuCoin also offers peer-to-peer, margin, and futures trading. 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. What is Metaverse.Network & Bit.Country (NEER) and How Does it Work? You should, however, keep in mind that the bot is available only on Kucoins platform, and you wont be able to use it on other exchanges. Before relying on the bot and risking your investment, it's essential to have a look at the qualities of that specific bot. I think the trading bot is a good trading experience for newbies. I just let mine go with $1500 for fun, just using the standard classic grid settings. 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 instance, if you rebalance your investment portfolio every four hours, you can use a. and program it so that the Bot will automatically balance your investment portfolio. Start free trial Try on a PRO plan free for 7 days, pick a plan later Instead then relying on KuCoin's native grid bots, consider utilizing one of the alternatives listed below. More trading bot strategies are expected soon, one of which might fit your trading needs. You may also use the bot to automate your trading depending on the crypto signals you get. An Arbitrage tool, a Market-Making bot, and a strategy builder are just some of the trading tools available on the site. There are two subscription levels: basic and pro. Trading Bots can "assemble and copy" repetitive tasks to help you easily execute trades. Your trading progress right next to the terminal. The robot is really suitable for people who wish to trade in the Futures market but lack the experience!! Step 1: Download the KuCoin app here. I've been trying a 50/50 rebalance bot with paxg and btc for a while. 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. The answers to these and many other interesting questions lie in front of you. I have 3+ years of experience in trading bots, especially the grid trading bot. KuCoin's bot is still not that much upgraded and needs a lot of improvement to deal with complexities. 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Press J to jump to the feed. 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 using a trading bot, it doesnt mean that youre guaranteed to make profits. 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. The trading bot plays no magic here. It buys at a low price and sells at a high price within a set price range. In the KuCoin Trading Bot, you can set an investment target, say 10% gain, before starting the bot. Is Kucoin Trading Bot Reliable? Nevertheless, it got attention from experienced traders. 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. comments sorted by Best Top New Controversial Q&A Add a Comment kucoin_moderator Additional comment actions That's a choice you need to make. Additionally, KuCoin trading bot provides free trading strategies which let you take returns without monitoring the market. With DCA Bot, its easy for you to DCA in Bitcoin for $1 every 10 minutes. New assets added to the Trading Bots. 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. So read on! 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. When traders want to take advantage of the market's volatility, they apply the Spot GRID approach. 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. In addition, a new trading bot, Bitsgap Futures, was recently released on the site, and it offers a safer way to earn from the futures market by generating little gains. Since the bot has fairly recently left the development stage, it is still free to use. In short, the trading fee you have to count on with the bot are the same you would otherwise have to pay on the Kucoins platform. It is equivalent to configuring a 24/7, all-around bot butler for your trading strategy. The platform's essential features include the demo mode, a trading terminal, and a Grid trading bot. Currently, the rebalance can be triggered on ratio or time per your settings. Get the Better Alternative Unlike other bot mobile apps, it has elements like an interactive UI or a floating window, which help it stand out from the others. KuCoin Trading Bot is a free trading tool that can help users save time and energy while improving their profit. 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. You can only use Classic Grid Trading Bot and DCA Bot on KuCoin, which is considered the simplest bot for new bot traders. In addition, the trade is entirely legal, and the bot is simple to operate. Please note that some links on CaptainAltcoin.com are affiliate links. Simple, easy-to-understand features may help even newbie day traders make money. Find the next crypto gem on www.kucoin.com, People's Exchange. They are as follows: When it comes to crypto assets, the bot supports pretty much all the coins that the platform itself supports. As long as you are familiar with this bot, you can also customize the parameters to try your preferred settings. Q #2) Are trading bots profitable? These crypto trading softwares are driven by ai or user based parameters and available to anyone with a Kucoin acocunt. In this blog post, we will walk you through the four amazing bots and help you find the ones that suit you most. The core of this strategy is to increase the total amount of assets while maintaining the portfolio percentage basically unchanged. Step 2: Create Spot Grid trading. Markets are just data of prices of a currency with time. KuCoin charges rock-bottom fees and supports trading in a huge range of cryptocurrencies. On average 1$ today is worth less than 1$ next month and 1 BTC today is worth more than 1 BTC next month. DCA is also good strategy since it automates away the boring part of buying a coin every time it dips in price. CaptainAltcoin.com does not offer any sort of financial or investment advice. KuCoin Trading Bot offers multiple tools to help investors implement their trading strategies easily, increasing their winning chance in the crypto market. Using this bot requires that you provide Bitsgap with API credentials for your cryptocurrency exchange to conduct a withdrawal on your behalf. Subscriptions to the platform are available at four distinct price points. Unlike other platforms, it has the most advanced GRID Bot features including stop-loss, take profit, and trigger price. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. 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. 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. Rn we are in a bullish market which means BTC is overall bullish. Sounds simple, isn't it? KuCoin warns traders that different investment times could mean the performance of the bots will be different. This product has gained considerable attention and interest as to whether in a bullish, bearish, or turbulent market, it can offer the same convenience, time-saving, speed, and intelligence that make it stand out from the crowd of existing trading bots. 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. You want to apply leverages in your trade. The bot will soon have new features, including Margin Grid, Extreme-Volatility Killer, and Dynamic Position Sizing. It gives a new way to generate passive income without always sitting in front of your laptop. Reward amounts will be determined based on the type and relevance of the information provided. The Explorer plan also offers a free trial period, which you may take advantage of. Wed recommend trying out the bot with a small amount first, until you find a winning strategy. More importantly, this new tool is accessible. So, if you are a seasoned bot trader, you should give 3Commas a shot. The only difference is that the bot is available only inside the mobile app. I've got three bots running now and they're all in profit at the moment. 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? The strategy you choose to adopt will influence whether you make a profit or a loss. For more info about Futures Grid operation content, check tutorials for Futures Grid 1, (Smart Rebalance running page provided by KuCoin user). 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. Other than Grid Trading Bot, Pionex supports 12 free trading bots for different investors with different risk-tolerant. still didn't tr y the futures grid trading as i see it just like a leverage one where i also don't use, still grid trading bots for me and waiting for the market to recover before i start a new one again, Wouldnt it be better to setup a bot for now like setup a very low entry price since market is also dipping and just let it run? Joint AMA of Johnny Lyu & Tokoin Full Transcript. So all you have to do is to download it, run it, and your investing adventure may begin. There is no minimum investment, but some bots make no sense starting if the investment is not at least $50. Traders will have more time to enjoy life and do what they like, knowing that their crypto trading portfolio is working on their behalf." Like other trading bots, KuCoin's trading bot is entirely safe and secure to use in a production environment. If you are to use the trading bot, theres a discussion group on Telegram with users trying to find the best possible strategies. 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. The KuCoin trading site, on the other hand, is well-known, and its bot is secure and lawful to utilize. Apart from buying, selling, and trading crypto, you can also stake it on the network to earn a commission. Crypto trading bots are the life savior for investors as they don't have to be in front of a computer the whole day. Recently, the KuCoin Trading Bot has introduced its latest trading strategy called the. Once you've determined how much you'd want to earn, click "Confirm" to get started. A proof-of-concept thing for me.. The most significant chunk of your funds is secured on the bitcoin trading platform's servers. You should be aware that trading bots might cost you money, which is something to keep in mind. 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. CryptoHopper, a one-stop-shop platform, offers a variety of services, including trading bots, exchange arbitrage, copy trading, backtesting, strategy design, and more. Kucoin trading bot take profit : r/kucoin Hi everyone, how to set up the bot in order to take profit automatically? As the name suggests, the KuCoin trading bot is a trading tool on KuCoin that takes trading tasks out of your hands. The Futures Grid Bot can be used by investors who want to go short, as well as those who wish to go long, or even by those who want to increase their profits by trading with leverage. You want to make a profit in a downward trend market, or, b. Now the investors need to put some commands on the bot and sit back to relax. Click Here to download the latest version of the KuCoin App and hope you can enjoy the trading experience with KuCoin Trading Bot. What Is KuCoin Trading Bot? of orders places, and alike. The Min and Max price points determine the lowest and highest price the bot will buy the cryptoasset at. 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. 11 comments Best Add a Comment kucoin_moderator 1 yr. ago ill try this one if you can answer me, i only remember the percent it was around 518%, so if you just put a 10 USD and times 518% that is my profit and minus the fee lmao if i am saying correct, but i did when doge pump lol. To complete the transaction, you must choose the amount of bitcoin you desire to swap with your Trading Bot. A smaller number will see the bot buy after a significant drop, and sell after a surge. Advanced traders and crypto investors can leverage advanced orders like real-time charting, limit orders, stop-loss to earn more from crypto trading bots. SecuX V20 & W20 Review Is This Hardware Crypto Wallet Safe & Legit? Just like any other trading bot, it does what its told. The KuCoin trading bot is free to use for any registered user on KuCoin. It sounds simple and easy, but if you have experience in trading before, you should be aware that its the most challenging part. The only trading fee you will have to pay are the ones that are already charged by the Kucion crypto exchange. The fact that it is only several months old, however, means that changes and updates are very likely in the next few months. Yes, the Kucoin trading bots work in that they execute trades 24/7 based on defined parameters. Everything About the Ethereum London Hard Fork Update with EIP-1559 | Will This Impact The Price of ETH? Kucoin Trading Bot Review Minimum Investment, Profitability, Results, Can You Lose Money With Crypto Trading Bots, What Is the Kucoin Trading Bot Minimum Investment, What Is The Best Kucoin Trading Strategy. Its also possible to manage your exposure to different crypto trading pairs, by giving the bot specific amounts to use on different trading pairs. During this time HODL-ing BTC will outperform a lot of trading strategies and give you +% returns. With the futures market offering great possibilities even when the prices are dropping, futures trading is very popular during bearish periods. The other way is to copy others settings. Because of this, you don't have to spend a dime on any trading tactics. Classic Grid: Make Passive Income By Buying Low & Selling High. Still, it's an era of technology, and no trading bot can guarantee that your money will be completely safe from market losses. This is a robot that exploits the investment strategy known as Dollar-Cost Averaging. KuCoin Trading Bot | Made 41% Profit with Crypto Bot A trading bot is an automated algorithm that executes the strategies for you. Depositing the cryptocurrency you want to use to trade will be necessary once you have examined the numerous returns linked with a trading pair and the approach you choose to use. It just does putting in orders and closing them automatically based on the rules you set upfront. The KuCoin Trading Bot solution provides numerous benefits to cryptocurrency traders, including convenience, efficiency, and powerful strategies. But Futures Grid has two unique features that can help investors make more profits. In DCA, or dollar-cost averaging, funds are divided and invested by computer programs following a predetermined time cycle. Then use AI parameters and decrease the number of placed orders until the profit per grid is at least 0.5%. | 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. All Rights Reserved. Using the trading bot with a third-party provider means you need to connect your exchange account with an API Key. I know classic grid and dca, haven't tried the futures grid cause remind me of leveraging lol saw the % apr there and its super high. Therefore, Kucoin has introduced its trading bot, available to all its users. 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. This probably isn't as much as if I'd just held both assets though. If you make too many incorrect login attempts, Bitsgap recommends that you utilize two-factor authentication (2FA), and your account will be suspended. It supports over 25 different trading platforms (including but not limited to Poloniex and Binance). . 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. While a tool is just a tool, what it can achieve still depends on how we use it. In addition, the paper trading mode provided by CryptoHopper enables you to test your trading strategies and bots without risking your real money. KuCoin AMA With Pocket Network (POKT) Accelerating the Future of Web3 Infrastructure. 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. The Best Bitcoin Strategy | How to Invest In Bitcoin with Trading Bots? Create an account to follow your favorite communities and start taking part in conversations. After that look for a coin that hasn't had a crazy price action like +/- 30%. When do you stop the bot? According to KuCoin, it is a combination of Futures and Grid trading, which can bring grid . For more info about Smart Rebalance, check the tutorials for Smart Rebalance 1 and Smart Rebalance 2 . Click "Create" to start a grid trading bot. You can edit parameters, increase investment, copy other traders and do backtesting on any pair. 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. Let's say that is has been 5 days and it's earning less than 10%, but is profitable. NFT 101: How Will NFTs Promote the Overall Growth of the Metaverse? It helps you to buy and sell Bitcoin without screening. Press question mark to learn the rest of the keyboard shortcuts. So it doesn't do any technical analysis. Namely, on platforms such as Telegram, Reddit, and Trustpilot, there are many negative reviews of the bot. As of June 2021, this bot is only available on Binance, but the developer plans to include losses and other exchanges shortly. , 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. 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. 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. 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. How Many Crypto Bots Can I Have at the Same Time? As long as your within the upper and lower ranges with small enough grids to capture the ups and down you make money. Its easy to navigate. 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. 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. For a lot of investors, there are only a few strategies that are right for them and fit their style. KuCoin trading bot is a free trading tool which can help users to save time and energy while improving their profits. Over the next few months, the bot has undergone slight modifications, and today it has six features. So it is a good strategy in a volatile market, and higher volatility may bring higher returns. KuCoin acknowledges that its Trading Bot tool will solve the problem of needing sleep and trading based on emotions. Is there a paper trade feature in kucoin bots? Using a total of ten bots at the same time helps you to diversify your earnings. This unofficial subreddit is set to discuss the newly launched KuCoin Trading bot. The basic bot costs $29 per month, while the advanced bot costs &99 per month and has several other features. KuCoin trading bot is KuCoins new feature which provides trading bots within the exchange itself. Can I make profits with the KuCoin Trading Bot? 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. Spot Grid: CSIX/USDT, CSIX/ETH Martingale: CSIX/USDT, CSIX/ETH Infinity Grid: No matter how good the bot is, it will eventually increase the overall traffic on the platform. Your personal information will be kept confidential. But Ill tell you how to increase this earning with the trading bot in the following sections. , in order to help investors earn profits in yet another popular way. 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