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They say that they are great for helping their clients trade Bitcoin in a manner that is safe and secure, and they are regulated in the cryptocurrency trading world, so that you don’t have to worry about any risk to your finances. Unlike some other, more sophisticated crypto trade bot trade assistants, Kucoin’s bot is meant for mass usage, and the price of its simplicity is the lack of more complex customizing options. And, if something is perfect for rookies and newcomers, it is usually frowned upon by more experienced traders.

You should, however, keep in mind that the bot is available only on Kucoin’s platform, and you won’t be able to use it on other exchanges. However, you aren’t going to be able to do this if you hold down a day job, and unless you want to sit at your computer all day or night, it’s going to be difficult to know exactly when to make those trades. If you haven’t set up a Two Factor Authentication security measure via Google or SMS, do that now.

The first thing you need to do is create your API access on KuCoin: kucoin trading bot click on the account menu and search for the API Management option. Navigate to the providers’ view and click on the ‘copy trading’ tab. The copy trading services are performed on a per-coin basis, so if you have funds in your Bitcoin account, pick one that works with that cryptocurrency. However, you can view your results in another way, via the Analytics view.

Zignaly is the only platform for copy trading that provides you with complete transparency, and the Analytics view presents you with your performance and how the copy traders are performing generally. Shrimpy currently supports the following exchanges: Binance, KuCoin, Bittrex, Coinbase Pro, Binance US, Bittrex Global, Kraken, Poloniex, Gemini, Bibox, BitMart, Huobi Global, HitBTC, OKEx, Bitstamp, and Bitfinex. Speaking of fees, bear in mind that you’ll receive a discount if you configure your KuCoin account to pay fees with KCS.

Opting for this discount can make a significant difference to your funds, so it may be worth enabling it. Quicker speeds and higher efficiency: If you are doing everything on your own, it can end up taking minutes or even hours to completely scan the entirety of the cryptocurrency market to find the right opportunity. Click ‘connect’, and you’re good to go. You’ll be taken to the configuration page, where you need to set certain parameters: the maximum allocated balance (so the copy trader will never use anything beyond this amount) and your preferred exchange.

When you’ve chosen the right option, click on it. Developing a crypto arbitrage bot with Cryptosoftwares can boost your profits from cryptocurrency trading.

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