Cryptocurrency trading is without a doubt one of the strongest investing sectors in the modern era. For crypto professionals, the process’s complexity is frustrating, though. As a result, a large number of tools have been created to simplify the cryptocurrency trading process.
Investors who don’t want to spend their entire day in front of a computer can benefit greatly from cryptocurrency trading bots. Your main focus can be the KuCoin trading bot because it is created by the platform and is free.
If you want to learn more about this fantastic tool for streamlining your trading process, keep reading.
What Is KuCoin?
Back in 2017, KuCoin, a well-known crypto exchange platform, was able to solidify its reputation as a reliable platform for all kinds of crypto operations. At the moment, the exchange offers 420 projects and almost 800 trading pairs.
Since launching its native trading bot in 2021, the exchange has steadily added several capabilities. At the moment, it provides bots for the Classic Grid, Futures Grid, DCA, Margin Grid, Infinity Grid, and Dynamic Rebalancing.
HODL bots, DCA bots, Grid bots, Options bots, Futures bots, Scalper Terminals, and full Portfolio management are all available on Copyright 3Commas.io’s bitcoin trading management platform via a single user-friendly interface.
KuCoin Crypto Trading Bot: What Is It?
It’s challenging to spend all of your time in front of a computer screen studying cryptocurrency charts to make a deal. However, the creation of cryptocurrency trading bots has provided a solution to this issue. The investors must now give the bot some instructions and then rest. Trading bots automatically identify the best time to trade and execute it for you with the use of artificial intelligence and an algorithm.
The KuCoin trading platform, one of the best, paid attention to this aspect and debuted its trading bot at the beginning of 2021. It didn’t have all the trading bot functions when it was launched, but it has since undergone significant development. KuCoin currently offers five different trading techniques to disclose many more in the future.
KuCoin Crypto Trading Bot: Features
It’s crucial to look at the characteristics of that particular bot before relying on it and jeopardizing your investment. The KuCoin trading bot offers its consumers the following capabilities.
The trading bot on KuCoin can only be accessed via the mobile app. Additionally, practically all of the functionality found on KuCoin’s website are present in the mobile app. It differs from previous bot mobile apps in that it offers features like an interactive user interface or a floating window that make it distinctive. Both iOS and Android devices can be utilized with the bot. Additionally, KuCoin members have access to a Telegram group for discussing ideas and trading tactics.
Versatility And Accessibility
The design of the bot is simple and clear. The situation as it stands now is what it is. Since the bot is always being updated with new capabilities, it is difficult to predict the future with certainty. There are no additional costs because the KuCoin crypto exchange market already charges fees, which is common as the business keeps a portion of the revenues.
KuCoin’s features are fixed and not subject to significant fine-tuning, similar to other cryptocurrency trading bots that rely on widespread use rather than great customizability. Even amateur day traders may be able to profit from simple, clear features. For experienced traders and those looking to get the most out of their bots, there is still a better option available. If you continue to use KuCoin and don’t reside in the US, the KuCoin cryptocurrency trading bot can be useful.
Currently, KuCoin enjoys a solid reputation within the sector. KuCoin’s trading bot is completely safe and secures to use in a production environment, just like other trading bots. Additionally, since KuCoin is used to power the bot, no API keys are needed.
Over 2.5 million bots have been created and used by traders globally since its inception. Additionally, the trade is fully legal, and using the bot is easy. However, even in this technological age, no trading bot can ensure that your money will be entirely protected from market losses. You should therefore only invest sums of money you are prepared to lose.
24-Hour Customer Service
Within KuCoin, the trading bot has a dedicated support section. By selecting the help center and then the button, you can access the trading bot. You can find a variety of articles and frequently asked questions in this section that could potentially address all of your inquiries.
If you still have questions or issues, a ticket may be sent. Add pertinent screenshots or documents to this ticket and provide a thorough description of the issue. Within a week, you should hear back from the support team.
Absolute Free Use
For instance, several bot providers charge a monthly subscription for their services. KuCoin, on the other hand, charges a fee for its trading fees but provides a free trading bot.
Ten bots Are Available At Once
You can diversify your income by using a total of ten bots concurrently. Additionally, it enables you to trade in multiple markets at once while reducing your risk by spreading out all of your money among various strategies.
Five strategies For The KuCoin Crypto Trading Bot
Let’s examine each of the five trading methods that the KuCoin bot provides in more detail.
The Spot GRID strategy is used by traders who aim to profit from the market’s turbulence. Within a predetermined price range, it purchases at a discount and sells at a premium. The original GRID, however, only permitted trading on the spot market. Consider using one of the options listed below rather than relying on KuCoin’s built-in grid bots.
Concerned With Deciding On Grid
The original grid bot has been updated as a result of creating the future grid. When trading futures, it uses the buy short and sells high strategy. Using this bot in turbulent market situations carries risks because of the leverage involved in futures trading.
Sense Of Balance
For many years, portfolio rebalancing has been a tried-and-true strategy for investing. This method involves an automated system of buying and selling assets to keep an investment portfolio well-balanced.
Dollar-cost averaging, or DCA, involves the division and investment of funds by computer programs following a predetermined time cycle. Long-term, they aid in reducing the negative consequences of market volatility.
If you select the endless grid, the pricing will always stay inside the boundaries that you set.
How Can KuCoin Crypto Trading Bot Be Used?
Within minutes, your own KuCoin Trading Bot will be operational and earning you money while you sleep. Use the techniques listed here to set up a Bot and start generating passive money right away.
Step 1: Select A Trading Pair And A Strategy
Reviewing the many tactics that have already been discussed in this article is a smart idea. This can help you estimate how much money you might expect to make.
Step 2: Invest In Your Account
The subsequent step is to make a financial contribution to your KuCoin wallet once you’ve decided on a trading strategy and a trading pair. Once you have looked at the various returns connected with a trading pair and the strategy you decide to employ, you will need to deposit the cryptocurrency you wish to use to trade.
Depending on your preference, you can deposit Bitcoin or Ethereum into a trading wallet. Additionally, by selecting the transfer button, you can instantaneously transfer money from your primary wallet to your trading wallet.
Step 3: Choose The Trade Amount You Want To Make
You must decide how much bitcoin you want to trade with your Trading Bot to execute the transaction. After deciding how much you want to make, click “Confirm” to begin.
External Trading Bots: Optimal For KuCoin
Try any better option than KuCoin if you are a professional trader and want to increase your profits by employing sophisticated information. The KuCoin bot still needs significant development to handle complexity. The three finest choices for trading on the KuCoin platform are shown below.
The most sophisticated trading platform is Altrady, which can combine more than 17 exchanges, including ByBit, Binance, FTX, KuCoin, and others.
It offers sophisticated trading tools including Portfolio Management, OCO, Trailing Stop orders, and many other features. It was developed for and by traders.
The KuCoin trading bot is appropriate for beginners who don’t need anything difficult. It can also be applied to DCA, smart rebalancing, and similar tasks. Join the trading bot community on Telegram to stay updated and get the most recent information.
The bot may also manage up to 100 different tokens and currencies. On the other hand, the KuCoin trading site is well-known, and using its bot is safe and allowed. As a result, you don’t need to invest any money in trading strategies.