Trading bots are popular tools in trading cryptocurrencies. A wide variety of bots are available over the web which offers different functionalities. Each has unique characteristics but this one I have been using is one of the most recommended for newbies. It is free, easy to set up, reliable, and again FREE.
Hello folks, I hope you are all doing fine. Now trading crypto is fun and exciting. I have been doing it for about 2 years and yes I still consider myself a newbie. Having my full-time work schedule and managing my small business, while attending my Master's class and my part-time job, I can only do less in trading. Having these constraints in time, I am very happy and satisfied that I found this phone application that allows me to trade through API on my crypto exchange platforms.
Binance and Coinex are the two trading platforms I am trading at. Binance is good in terms of volume and quite competitive in fees. Their clean UI and very reliable mobile app are what I like the most given the fact that I spend most of my time out of my home. If you want to try them I put a signup link at the bottom of this post.
I use coinex because it allows me to withdraw my crypto for FREE (BCH ONLY) Yes, they do not charge for BCH withdrawal. To minimize fee I do some interexchange conversions that work pretty well in my case. If you wanna try coinex, the link is at the bottom of this post.
Now, going back to the trading bot I was mentioning let me introduce to you the BitUniverse app. This one is only available on mobile so if you are using pc, as of now, you can not install this. So what BitUniverse actually is?
This is an Auto Portfolio Tracker / Exchange Trading Terminal and Trading Bot / Realtime Crypto Tracker. I will try to cover other functions of the app but let us discuss the trading bot part first.
- To start with you must download first the app here:
- Then you have to provide your email address
- Afterward, you have to download the app on the same page
- After installing the app, set up your account by logging in with the same email you provided before
- Once logged in, confirm your email (you may do this later)
- On the Home tab, you will have an option to add your portfolio (you may skip)
- On BOT Tab you will need to connect exchange where you will trade using API (Major exchanges are available)
- The app provides instructions/tutorials on how to connect exchange API (it varies on every exchange)
- after connecting with the exchange you will see the kinds of trading bots available for the exchange
these are available bots on Binance
each has a description on how to use them
- You need to select a market (pair you want to trade using dropdown menu)
- Choose the bot you want to use and set it up
- There is an AI onboard the bot to assist you in setting up the parameters of your bot or you may set it by yourself
- Run the bot and enjoy 24/7 trading
Again this bot is set up to buy low and sell high and doesn't use very much sophisticated TA (Technical Analysis) that is why this is for neophytes. All you need to do when using this bot is to set up a strategy and stick with it.
As promised here are the links I mentioned before
This bonus is a new exchange that has built-in bot with it and yes this is incubated by Bituniverse meaning the same bot will be found inside the exchange (Please note that this exchange has no native coin unlike BNB of Binance and CET of Coinex so trading fees are a bit high but bots are pretty clever and really nice to use. You should give it a try too)
This is not a financial advice
Invest at your own risk
