KuCoin, a popular cryptocurrency exchange, provides trading bots to automate tactics. This article sets up KuCoin Spot Grid, Futures Grid, Infinity Grid, and Smart Rebalance trading bots step-by-step.
KuCoin trading bots
KuCoin trading bots use algorithms to purchase and sell cryptocurrencies at ideal moments. Trading efficiency may improve using these bots, particularly in the unpredictable crypto market.
Setting Up KuCoin Trading Bots
- Setting Up Spot Grid Trading Bot
The Spot Grid bot gains on market volatility by buying cheap and selling high within a price range.
Setup steps:
Sign in to KuCoin.
Access the ‘Trading Bot’ area.
Choose the cryptocurrency pair to trade under ‘Spot Grid’.
Set grid characteristics like price range and grid numbers.
Set the bot’s budget and start it.
- Futures Grid Trading Bot Setup
The Futures Grid bot, like the Spot Grid, lets you profit from upward and negative moves in the futures market.
Setup steps:
Visit your KuCoin ‘Trading Bot’ area.
Click ‘Futures Grid’ and choose your futures contract.
Adjust grid characteristics including price range, grid numbers, and leverage.
Assign the bot the required amount and activate.
- Infinity Grid Trading Bot Setup
To capitalize on strong uptrends, the Infinity Grid bot does not establish an upper price restriction.
Setup steps:
Visit KuCoin’s ‘Trading Bot’ area.
Choose your trading pair from ‘Infinity Grid’.
Set the grid specifications and reduce price limit.
Fund and launch the bot.
- Smart Rebalance Trading Bot Setup
To keep your portfolio at desired levels, the Smart Rebalance bot automatically rebalances your asset allocation.
Setup steps:
Find ‘Smart Rebalance’ in ‘Trading Bot’
Select your portfolio cryptocurrencies.
Set each asset’s goal allocation %.
Set rebalancing criteria and frequency.
You may finance and activate the bot.
Conclusion
KuCoin’s trading bots provide automated techniques for various market circumstances and trading preferences. These bots may help you trade market volatility and balance your portfolio. Bots may improve trading efficiency, but they cannot guarantee profits and should be utilized as part of a plan. Be educated and trade intelligently!
