KuCoin Exchange Launching Trading Bot For Passive Crypto Income

First, kucoin we start with the FREE offering. 3Commas offers you far more than you would expect a crypto trading bot of this type. Limited to one exchange per account keep in mind. You get access to the Scalping trader terminal. This is great if you are into short-term scalping. Next, you get the One SmartTrade, One DCA crypto trading bot, One Grid crypto trading bot, One Options crypto trading bot. Last under the Free plan you get an option for one speciality crypto trading bots for the exchange of your choosing.

23 Supported Exchanges: 3Commas supports 23 major cryptocurrency exchanges, including Binance, Bittrex, Coinbase Pro, BitMEX, Bitfinex, Bitstamp, Bybit, Cex, Kraken, KuCoin, OKex, Huobi, Exmo, Gate.io, HitBTC and YoBit (also Binance DEX, Binance Jersey, Binance US).

Pionex is a crypto exchange bot that offers free built-in cryptocurrency arbitrage trading bots. This Bitcoin arbitrage bot aggregates the liquidity from Huobi Global and Binance, the biggest Binance brokers. The crypto trading fee of this bot is 0.05% for the maker and taker.

This solution is a more tweaked integrated one for advanced/pro users in our opinion. Consequently, you will need the help of the group you signup. This is in order to take full advantage of the Cornix Crypto Automated Trading Bot. It will appear at first very confusing to setup/use for most. Simply put, make sure to get help when you first set up the Cornix APIs.

Cryptocurrency trading seems to many as a very opportunistic endeavor that could net a ton of profits. After all, in just a few months, the prices for most coins have skyrocketed as the total market capitalization surpassed $1 trillion for the first time in history. And while all this might be true on the surface, in reality, it’s particularly challenging because the prices are very volatile.

Diversifying your sources of income is one of the first stops on the road to financial independence. If you manage to earn passive income from various sources, you’ll be more financially resilient, and market crises and fluctuations won’t cause that much trouble. Kucoin’s bot is a perfect source of passive income. As soon as you set it up, the bot will do the work for you. From there on, it all depends on the behavior of the market.

It is a simple approach to trading cryptocurrencies compared to other methods that need technical analysis. Moreover, it is one of the greatest trading strategies for cryptocurrency markets because of its volatility.

There are three types of cryptocurrency trading bots however we will examine here. The Beginner, just starting out in crypto and bot platforms. The Advanced has a good working knowledge of crypto. The Pro , likely trades every day and makes a living from trading crypto trade bot.

1. Functionality – 3Commas comes with an intuitive user interface that is packed with detailed analytics and numerous functions. The bot allows you to set up take profits and stop loss targets as well as craft your own trading strategies. 2. A wide range of tools – In addition to using 3Comma’s performance analytics and automated bots, you can also create, analyze, and back-test portfolios as well as monitor other users’ best-performing portfolios. The bot also allows you to follow and copy successful traders’ strategies. 3. Simultaneous take profit and Stop Loss orders: 3Commas enables you to make maximum profit by allowing you to simultaneously establish the price point at which you wish to sell to make a profit and crypto bot the price point at which you wish to sell in order to stop losses. You can do all these within 3Comma’s SmartTrade terminal. 4. Mobile Apps: kucoin The 3Commas team has developed mobile apps for both iOS Android. 5. Advance Order Types: 3Commas enables you to set up advanced order types like trailing take-profit and stop-loss orders and contemporary take-profit and stop-loss orders. 3Commas also allows you to set up advanced orders even in exchanges that currently don’t support them. If you’re frustrated by the absence of advanced orders on some exchanges, you can easily create advanced orders by linking your account to 3Commas. 6. Trader’s Diary: Do you want to organize all your trades in one place? Some traders use dedicated accounting software or Excel sheets for kucoin this. Conversely, 3Commas has created a trader’s diary which gathers all your trades across exchanges and organizes them in one convenient location.

KuCoin’s trading bot will be available for free via the latest version of the KuCoin application, and it’s designed to help you make passive income. It currently supports two types of trading strategies – Classic Grid and Dollar-Cost Averaging.

The Classic Grid is aimed at helping users arbitrage in the volatile market that is the cryptocurrency one and KuCoin makes a stable income. The DCA Bot, on the other hand, is based on the Dollar Cost Averaging strategy. This allows you to create an automatic investment plan, which is a great way to control risks and earn long-term returns.