If you feel capable, you can create your own rules and crypto trade bot
bot customize them to your heart’s content. These are called rules. Now that your bot has access to your exchange account, you need to set up the parameters for how your bot trades. For now, we are going to use Coinrule’s templates to streamline the process. This gives our traders an edge with wider profit margins because of their reduced trading fees by paying with the KCS token and reliable trading API.
Maintaining a profitability streaks are no easy task, this is why we choose to integrate HaasOnline with exchanges, like KuCoin
. As mentioned, one advantage of a cryptocurrency trading bot is that they operate 24/7. Another advantage is that the bots will automatically execute trades for you, and they typically do so much more quickly than you would be able to do yourself. This reduces the slippage or price movement before you can trade.
That means you don’t have to keep your eye on your portfolio all day every day or rely on notifications. The user can deposit a certain amount of money and then instruct the bot to buy a certain amount of cryptocurrencies everyday or every other day and build their position slowly. The bot uses parameters set by users such as minimum and maximum price, number of orders placed, etc. Futures Grid: The Futures Grid trading bot helps the investors to earn profits by combining futures and grid trading which can be beneficial for traders who are going long or short.
Classic Grid trading: Classic grid trading also known as spot trading helps users make a profit from market fluctuations by positioning buy and sell orders. The bot would divide the user’s funds into multiple grids which it would then continue buying low and selling high. DCA bot: The DCA (Dollar-Cost Averaging) bot uses a repetitive strategy of purchasing cryptocurrencies on a daily basis in order to get returns over time.
The verification process is not mandatory for small volume traders but verified traders get a chance to earn benefits such as increased daily withdrawal limits or an easier account recovery process in case of losing their password or two-factor authentication. In order to increase the security measures on the platform and counter money laundering schemes, KuCoin implements a KYC (Know-Your-Customer) verification process. For USDT, it was 0.8339% (20.29% annualized), and for ETH, it was 0.7705% (18.75% annualized).
The most recent figures for the Haru Earn Explore account included 0.7547% for BTC (18.36% annualized). Remember that there are no official figures for the previously mentioned crypto trading bots. That transparency makes a significant dihttps://medium.com/haruinvest/haru-earn-explore-performance-update-decembefference in the safety of your investments. On top of that, you can trust Haru because the company publishes its performance figures.
Haru, however, publishes performance updates biweekly. KuCoin charges a nominal withdrawal fee amounting to 0.0005 BTC when withdrawing in BTC, making this exchange great for arbitraging paths. There are other major exchanges that have competitive trading fees, but make up for it with higher withdrawal fees if you plan on moving your assets from exchange to exchange. So, there’s no transparent explanation about the figures. Its website says that there have been 114,957,380 trades opened with these bots.