Trading bot on the Kucoin exchange
Trading bots for KuCoin are featured on the Cryptorobotics trading platform. This is software that opens buy and sell orders when predetermined market conditions are met. KuCoin Trading Bot help reduce risks and increase profits from cryptocurrency trading.
What is KuCoin?
KuCoin is one of the largest cryptocurrency exchanges in terms of trading volume, with margin, futures and spot trading available.
This crypto exchange offers a wide range of digital coins for crypto trading such as BTC, ETH price, USDT.
Currently, the KuCoin cryptocurrency exchange is integrated into the Cryptorobotics trading terminal, which allows traders to use various algorithmic tools of the platform: smart orders (Stop Loss, Take Profit and Trailing), KuCoin trading bots, crypto signals, as well as auto-following.
Best KuCoin trading bots
Optimus is a trading bot for KuCoin that is designed to trade cryptocurrency with little volatility in the cryptocurrency market. This Cookoin bot helps traders not only minimize risks, but also make the trading process more profitable and efficient.
CyberBot is used to trade cryptocurrencies during an uptrend in the market. This trading bot for KuCoin never enters countertrend trades, making the trading process more efficient and safer.
Crypto Future is a KuCoin crypto bot designed for both long and short trading. This means that he can enter trades when the price of the coin rises and falls in the market. This cryptocurrency bot for the KuCoin exchange is divided into three types, which differ from each other in terms of risk level and the number of main trading pairs.
This crypto bot can detect fluctuations in crypto pairs and enter trades after trend confirmation thanks to the neural network analytics system. Channeler AI has many advantages, such as trading in rising and falling markets and a default stop loss that helps traders save money during unexpected trend reversals.
Bitcoin price history
If we look at the movement of the BTC price in ustd, we will see that it moves violently and unpredictably. The cryptocurrency market has proven to be much more volatile than the stock market, often experiencing swings, but corrections here amount to 10% or more within a day – sometimes much more. Compared to Bitcoin, stock prices have minimal movements, and often they happen very slowly.
At its inception, Bitcoin was worth less than one cent. In fact, a famous story happened in May 2010 where a hungry crypto-currency holder paid 10,000 BTC (which were worth just a few cents back then) for two pizzas, which became the first real Bitcoin transaction.
For a while, the price of BTC hovered around zero, but in February 2011, it finally broke through the symbolic $1 mark, with the then ratio of the price of BTC to the US dollar.
The spotlight shone brightly on the cryptocurrency when Bitcoin’s market price rose more than 1,900% in one year. On web pages dedicated to tracking world currencies, a calculator calculating the price of Bitcoin often appeared. The Bitcoin Calculator was meant to show investors and the public what the cryptocurrency is currently worth. The ratio between the market price of Bitcoin and the US dollar appeared on the front pages of newspapers every time it went up or down by a few percentage points.
Government agencies, economists and journalists began to take Bitcoin seriously, although most financial institutions remained skeptical. Few of the established voices thought that BTC was worth the risk.
Their skepticism was justified when the price of Bitcoin suddenly dropped by 50% after a spectacular crash in 2017. The price cycle again went through a long static period, with the price of Bitcoin falling to €2,500.
Another up and down is coming in 2020 and again in 2021 as you can see in the Bitcoin chart on this page.
History shows that the market price of Bitcoin has changed many times. It has gone through periods of slight changes, dramatic spikes, corrections erasing much of the sudden gain, and then a relatively rapid rise to establish a new stable level in Bitcoin’s market price.
Sometimes these cycles take years and sometimes they end in a few months.
· Trading 24/7.
· Decision-making speed.
· Opportunity to earn passive income.
· Analysis of an unlimited number of trading pairs.
· Fast execution of trades.
· No errors in the algorithm.
· Easy to use.
· Affordable price.
How to start using KuCoin trading bot in Cryptorobotics terminal?
· Complete the registration process.
· Create an account on the KuCoin cryptocurrency exchange.
· Link your account to the terminal via KuCoin API keys.
· Select the “Algorithmic trading” tab.
· Click on the “Trading robots” or “Autofollow” button.
· Select a trading bot for KuCoin.
· Start the trading process.