KuCoin is a Cryptocurrency Exchange that has over 10 million users. They recently added a futures grid trading bot to their platform. Trading futures contracts allows you to leverage your gains and take advantage of a wider range of market directions. It can also provide you with a chance to short on down markets and increase your overall profit.
KuCoin offers several different trading bots. The most popular is the Classic Grid, which is fully customizable and works on spot and futures. You can place a stop loss order to protect your investments.
Another KuCoin trading bot is DCA Bot. This type of trading bot allows you to set notional amounts for each purchase. The bot will then buy and sell at pre-defined intervals. Moreover, it will automatically rebalance the ratios whenever they deviate from your specified percentage. For example, if you have 50% BTC and 30% ETH in your portfolio, the bot will buy BTC and sell ETH.
Finally, there is GoodCrypto. This bot can run for months at a time and can help you get a stable, long-term profit. In addition, it can be used on both Fiat and Crypto pairs. Furthermore, it can also help you increase your holdings.
There are many benefits to using a KuCoin futures trading bot. For one thing, you can take advantage of lower fees when trading in futures. However, it also adds more risk. Because the amount you have invested in the market is higher, you have more exposure to the underlying asset. Also, using leverage can multiply your losses.
To trade with a KuCoin futures trading bot, you must first open a trading account. You can do this by depositing your funds into the main wallet with a credit or debit card. Alternatively, you can use the free internal transfer feature or a bank account. If you use Apple Pay, you must deposit your funds through the app.
KuCoin has also added a Smart Rebalance to their portfolio, which helps you maintain a healthy balance among your holdings. Once the portfolio is balanced, you can make additional holdings. Whenever the portfolio’s balance decreases, you can increase your holdings, which will eventually result in a larger number of coins in the marketplace.
The KuCoin Futures Bot is similar to the Spot Grid bot. The key difference is that the bot will buy low and sell high, within a set price range. As a result, it will continually reap the profits from your trades. When the market goes down, the bot will continue buying low, but when it rises, it will sell high.
KuCoin trading bots allow you to trade cryptocurrency without being emotionally involved. It is possible to set up the bots with artificial intelligence parameters to customize their behavior. With this, you can easily copy the strategies of successful bots.
KuCoin offers two types of trading bots – DCA Bot and Classic Grid. Both of them can work with Fiat and Crypto pairs and can be set up to run for months or even years at a time.