Read my latest post about the KuCoin Trading Bot.
It’s our honor to announce that we’ve partnered with one of the biggest crypto exchange and supported BitUniverse Grid Trading Bot on Kucoin!
Here’s a quick tour that how we can leverage the bot on Kucoin.
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.
Step 1. Access the “API Management” page under your account page. Click the Create API button to create the KuCoin API.
Step 2. Named your API and set the passphrase for this API
You’ll also need to pass the security verification with your KuCoin trading password, email verification code, and Google verification code.
Step 3. Check the permission and IP limit
You should enable “General” and “Trade” permission for the API. Don’t set any limitation for IP limit.
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
Open the app and you’ll be able to import KuCoin API in the “TRADE” tab.
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.
KuCoin Trading Fee: Maker 0.1% / Taker 0.1%
STEP 1: Pick a coin which is in the swinging pattern
STEP 2: Fill in the price and number of grid for Grid Trading Bot
STEP 3: Check whether your “Available Balance” meet “Required Balance”
STEP 4: Create your first ever Grid Trading Bot and enjoy your profit 😏
TIPS: Suggestion for profit per grid — 0.5~2%
TIPS for Using a Grid Trading Bot in Crypto Market
- Start your Grid Trading Bot only in swinging market. You might suffer from some loss if the price keeps tanking.
- Suggestion for profit per grid is 0.5% ~ 2%
- If you stake some KCS (KuCoin Shares), you’ll have some discount on the maker fee.
Join our trader community to learn more about the bot.
- Discord: https://discord.gg/AtAH5UE
- Telegram: https://t.me/butrader
