It follows the same trading strategy: placing buy and kucoin sell orders within the price range and catching every tiny fluctuation while the price is volatile. The principle for the grid bot on KuCoin and Pionex are the same. For more details about the grid trading strategy, you can refer to the this article: What is a Grid Trading Bot? KuCoin allows users to have up to 10 trading bots. Both platforms limit the maximum number of active trading bot that users can have in their accounts.
Pionex allows you to have up to 30 bots on each trading pairs, that means you won’t be able to create new bots with BTC/USDT if you have 30 active bots with it, but you can still create a new bot with other trading pairs. If you have 10 active bots already, then you’ll need to shut down one of them before starting another new bot. Running bots are not affected. In order to welcome more users to experience Trading Bot, we temporarily adjusted the amount of grids. Trading Bot DEV team is stepping up to optimize the order placing scheme to support larger grids, so please stay tuned.
All you will then need to do is enter your Bitbot key you claimed from the member's page earlier and crypto bot once logged into the bitbot you will then be able to select your crypto exchange and input the API keys for the bitbot to be able to buy & sell for you. You can check out our manual and setup tutorial video. Also in your member's page you will find the BitBot download which you can extract the archive file after downloading and run the launcher to auto update.
It’ll buy the same amount of the coin every time interval, which lowers the entrance risks while investing in crypto. DCA Bot performs a dollar-cost averaging strategy for investors. The DCA Bot capability on KuCoin and Pionex is similar, which we compared in the following table. KuCoin
Trading bot charges 0.08% and 0.06% for each trade respectively for Classic Grid Trading Bot and Futures Grid Trading Bot. Although each trade is profitable after considering the trading fee, you’ll earn more using a grid trading bot with a lower trading fee.
Pionex charges only 0.05% for each trade, which is considered the lowest trading fee and doesn’t need you to hold any platform token for this rate. While using a grid trading bot, it will execute tons of transactions for you. The trading fee is one of the crucial parts that investors should focus on. Crypto Engine is the destination for your Bitcoin, Ethereum, Litecoin, and crypto trade bot
trading needs. By signing up, you have the perfect launchpad in the cryptocurrency markets, and you can start your first trades within minutes after signing up, even when you are a complete beginner.