KuCoin Trading Bot Review – KuCoin Trading Bot is a powerful, yet simple, trading bot that offers a range of trading strategies. Its advanced algorithms, along with hundreds of indicators, ensure that you will always be aware of the most promising trades. You will also be able to set up and customize your own trading strategies.
KuCoin has a number of trading bots that allow users to diversify their portfolio. In addition to the popular Classic Grid, they offer Dollar-Cost Averaging (DCA), Smart Rebalance, and Futures Grid bots. All of these bots are geared towards providing users with a professional trading approach.
Dollar-Cost Averaging is a long-term investment strategy that focuses on maximizing the average entry price of a token. This way, you will avoid having to worry about whether the price of a token is going up or down, and you will be able to invest in a specific amount of coins each time. However, you can only use this strategy over a period of time, since you will not be able to stick to it.
Smart Rebalance is another KuCoin bot that is designed to keep divisions between assets in check. Using this strategy, you can increase your holdings by setting a rebalancing time or setting a proportion of coins to be invested in. Alternatively, you can choose to set up a package of coins to be bought and sold.
Besides these bots, KuCoin has an internal transfer option, so that you can move funds between your bank account and your trading account. This can be done with credit/debit cards, as well as apple pay. Similarly, KuCoin offers an incentive for referring new users. If you do, you can earn up to 20% bonus.
Despite the advantages that these bots provide, they are still susceptible to fluctuations in the market. The user should consider this before using them. Moreover, he/she should keep in mind that automated trading is not an exact science. There is still a high risk of loss.
KuCoin Trading Bot is easy to use, making it ideal for novice traders or people with minimal experience in the crypto market. It can be customized by using a range of AI-based parameters, enabling you to gain more profits. Users can also view the history of their trades, shut down the bot, and get their money back.
KuCoin is known as “The People’s exchange” for good reason. With over ten million users, it has 800 billion trading volume. That makes it the largest exchange for cryptocurrencies in the world. Moreover, it is IDG backed.
KuCoin trading bots can be downloaded from the KuCoin App. Once downloaded, you will be asked to enter your email address and password. Afterwards, you will be redirected to a configuration page. Here, you can set up your desired investment amounts, the desired proportions, and your preferred exchange.
KuCoin’s DCA Bot is a great option for investors who want to earn returns in the long run. With this bot, you can set pre-set notional amounts for each purchase, and then your bot will divide your investment between purchases. Additionally, you will have the option to set a Profit Target.