KuCoin Trading Bot

Before using the bot, you’ll need to create an API key on Kucoin

Kucoin has just upgraded their trading system in Febuary. Here’s the step by step guide for creating an API key on KuCoin.

Next, download BitUniverse app through our website

BitUniverse is now available on both Google Play and App Store. Visit our website https://www.bituniverse.org

ABOUT GRID TRADING

Grid trading is a type of trading strategy that profits from the sideways as well as trending market conditions. In the simplest of terms, Grid trading involves hedging, or placing simultaneous buy and sell orders at certain levels. The aim of this approach is to maximize the profits while the in-built hedging system ensures that the risks are minimized.

How Grid trading works

Grid Trading strategy will keep making profits as long as the price swinging. It’s clear that every trade is profitable in the following graph. Grid Trading Bot is settled between 3,300 to 4,200 for Bitcoin. When the price hit each target price in the grid, the bot will take some profits and vice versa.

TIPS for Using a Grid Trading Bot in Crypto Market

  1. Start your Grid Trading Bot only in swinging market. You might suffer from some loss if the price keeps tanking.
  2. Suggestion for profit per grid is 0.5% ~ 2%
  3. If you stake some KCS (KuCoin Shares), you’ll have some discount on the maker fee.

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Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store