Kucoin is a popular crypto trading platform with an excellent mobile app and impressive security features. However, the exchange took a reputation hit in 2020 when hackers stole $280 million worth of crypto. The resulting backlash left many users looking for a trustworthy alternative.
Enter kucoin bot, a free, user-friendly trading bot that allows users to set up automatic trades on their KuCoin account. It offers a variety of different strategies, is easy to use, and allows users to create multiple accounts. It also supports a variety of different trading pairs and uses advanced algorithms to predict the price action of an asset. While kucoin bot does not provide the same level of customization as more premium options such as Pionex and Coinrule, it does offer some great features that users will enjoy.
Among the most useful features of kucoin bot is its ability to keep track of market movements while a user is asleep or away from their computer. In addition, it can track several different markets at once, which allows traders to take advantage of opportunities that would be impossible to capture manually. In short, kucoin bot is an invaluable tool for any cryptocurrency trader, and a great way to increase the return on their investments.
One of the most popular kucoin bots is the Spot Grid Trading Bot, which is designed specifically for spot traders. It executes buy and sell orders based on fluctuating market conditions. Its basic rule is to buy low and sell high, which makes it an ideal choice for swing trading. The bot also provides several other settings, including an optional stop loss and a take profit level.
Another kucoin bot is the Infinity Grid Trading Bot, which works in similar ways to the Spot Grid Trading Bot but offers more advanced settings and an auto mode. This bot is designed to capitalize on asset pumping, entering buys at the lowest possible price and sells at the highest possible price, essentially performing an arbitrage on the asset’s price. Its Advanced settings allow for custom parameters to be specified, or users can simply select Auto and let the bot determine the optimal settings.
Infinity Grid can also be used to invest in long-term positions by using DCA (declined capital accumulation). This strategy invests a fixed amount of money into an asset at regular intervals over a specified period. This can be especially helpful for longer-term investors, as it can help them avoid a large drawdown in their portfolios while still earning them some profits.
Kucoin’s Smart Rebalance robot is another useful option for long-term holders, as it can automatically rebalance a portfolio to maintain an optimal weighting of certain assets. It can also monitor the performance of a portfolio against its target, and make adjustments when necessary. As with all trading bots, it’s important to always diversify your investments and only invest funds you can afford to lose. This is especially true of cryptocurrencies, where the volatility can quickly wipe out your entire investment.
