In the simplest of terms, Grid trading involves hedging, or placing simultaneous buy and sell orders at certain levels. Grid trading is a type of trading strategy that profits from the sideways as well as trending market conditions. The aim of this approach is to maximize the profits while the in-built hedging system ensures that the risks are minimized. Bot is an automation tool not the strategy or decision-maker. In order to set up a strategy correctly, you don’t necessarily have to be a pro trader, but you do need to check up on the market for the pairs you trade, analyze charts, and learn basics of cryptocurrency trading principles.
You determine what to trade and with what strategy. KuCoin
is not licensed in the United States, but Coinbase is licensed in the U.S. Coinbase has higher trading fees than KuCoin. KuCoin offers 600+ cryptocurrencies, crypto trade bot
bot while Coinbase supports just 150+. Coinbase users can get phone support, while KuCoin doesn’t offer this option. That said, the site does offer a decent help center where users can find answers to common questions. While this exchange offers many options, its desktop and mobile platforms aren’t particularly user-friendly.
Please note the 1_3 above, as it represents the low target (1) and high target (3). So in the above case, you would receive all signals for eth/usdt at binance for the buy target 1 (highest low) and sell target 3 (highest high). KuCoin does let you buy cryptocurrency with fiat money, but you'll need to do it through a third-party app. You can pay by credit or debit card, Apple Pay, and Google Pay, but you can't deposit money by bank transfer. And the fees can be steep. So proceed with caution if you're a U.S.-based user.
There are a couple of risks here. Second, KuCoin doesn't offer the same support to unverified accounts in the case of hacking, fraud, or theft. cracks down on people accessing unlicensed exchanges, your assets might get frozen. Grid Trading Bot is settled between 3,300 to 4,200 for kucoin Bitcoin. When the price hit each target price in the grid, the bot will take some profits and vice versa. Grid Trading strategy will keep making profits as long as the price swinging.
It’s clear that every trade is profitable in the following graph. If you want to have it more specific, you can filter the signals as described below. Note: This setup can keep your channel quite busy, depending on the market situation and the signals could get hard to track. In addition to basic trading options, the platform offers margin, futures, and peer-to-peer (P2P) trading. Users can also choose to stake or lend their crypto to earn rewards. KuCoin is a large cryptocurrency exchange offering the ability to buy, sell, and trade cryptocurrencies.
Compared to some competitors, KuCoin offers low trading fees, making it an attractive option. We also considered if the exchange is regulated by a proper agency or entirely decentralized. Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more. Our full cryptocurrency exchange methodology, including the review process and weighted data points, is available for review.