KuCoin Trading Bot: Is It Worth Your Time?

KuCoin Trading Bot

KuCoin Trading Bot

Is the KuCoin Trading Bot any good? Find out everything there is to know about it and follow the step-by-step guide in order to start using it today!

Sign up using our Kucoin Referral Code 2M6x3xh and save on trading fees! After signing up, open the app and choose to pay for trading fees using KCS to activate the 20% discount!

+ Claim a 100 USDT KuCoin Futures Bonus! Follow the link below!

KuCoin Tading Bot

KuCoin Trading Bot: Intro

Every day trader will understand the effort it takes to trade the markets. An average day, and sometimes even night, entails watching charts for hours to identify the ideal time to open a trade. Imagine there was a way to trade without having to stare at screens and charts the whole day. What if there was a way to catch every trade opportunity that presents itself in the cryptocurrency markets? This is where Bots come in.

A Bot gives you the ability to trade through software that analyzes the markets. If the software identifies a trade opportunity then it will autonomously open the trade. Let’s take a look at Kucoin Trading Bots in more detail.

KuCoin Trading Bot: About KuCoin

KuCoin is a cryptocurrency exchange platform that provides traders with a multitude of advanced trading tools. It is currently in the top 10 cryptocurrency exchanges in terms of 24-hour trading volume and gives traders the ability to trade a majority of the top cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and many others.

KuCoin Trading Bot: In-Depth

As mentioned earlier in the article, KuCoin Trading Bots allow you to trade and grow your cryptocurrency holdings without you having to stare at screens and charts for hours on end. When setting up your Bot for KuCoin, you have a few trading strategies to choose from. These trading strategies are Spot Grid, DCA, Futures Grid, and Smart Rebalance. The strategy you choose for your Bot will dictate what returns you can expect. KuCoin will show you the highest return of each strategy to get a better idea of what returns to expect. The strategies each boast an impressive 900+ % highest return. Comparing that to the annual interest rate of a bank account that can range from as low as 0.4% to around 8%.

KuCoin Trading Bot: How to Get Started

Setting up your own KuCoin Trading Bot is a simple process that will have your trading bot earning for you in no time. Let’s take a look at how to set up a Bot so that you can start earning passive income.

Choose a Strategy and Trading Pair

The first step is to take a look at the available strategies mentioned earlier in this article. This will give you a good idea of what returns to expect.

Deposit Funds

Once you have decided on a strategy and trading pair, the next step is to deposit funds into your KuCoin wallet. After taking a look at the different returns of a trading pair and strategy, you will need to deposit the cryptocurrency that you want to trade. For example, if you are trading BTC/ETH you can either deposit Bitcoin or Ethereum into your trading wallet. If you already have funds in your main wallet then you can easily just transfer the funds to your trading wallet.

Choose the Amount To Trade

The last step is to choose the amount of cryptocurrency you want to trade with your Trading Bot. Once you have entered the amount, then click confirm to start earning.

KuCoin Trading Bot: KuCoin Availability in the US

KuCoin is unfortunately not available in the US at the time of writing this article. Before US citizens can create KuCoin Trading Bots, or utilize any other of KuCoin’s trading tools, KuCoin will need to restructure its licensing agreement to conform to regulatory guidelines set by US regulators. It is not certain when or if this will happen.

KuCoin Trading Bot: Conclusion

No longer will you have to sit behind screens and charts to trade and grow your cryptocurrency holdings. You can utilize KuCoin Trading Bots and setting up your own Trading Bot for KuCoin is a seamless process.

KuCoin Trading Bots also offer average returns higher than any global bank account interest rate. With KuCoin, investing and earning substantial returns is no longer just for the super-wealthy. Anyone can now invest and earn a passive income in no time.

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