Crypto trading bots have become an essential part of traders’ life and allow them to trade with less hassle. Millions of traders from around the globe use the trading bot provided by BitKan. Trading bots help you to strategize and also outgrow your performance.
Table of contentsBitKan is a cryptocurrency exchange platform that offers smart trade advantages, futures trading, automated crypto Grid bots, etc. BitKan was established back in 2013 and is a well-known platform within China. Furthermore, it lets you trade from 7 Top exchanges over 1000+ coin pairs with one account. Furthermore, Bitkan ows a crypto exchange license from Japan Financial Services Agency.
Bitkan What are Crypto Trading Bots?A cryptocurrency trading bot creates buy and sell orders on exchanges based on some predefined rules. The bot offers a degree of speed and accuracy unmatched by humans.
What is a Grid trading bot?One of the numerous trading methods is Grid trading. It allows you to buy cheap and sell high in a set price range automatically. Furthermore, the Grid trading bot will also continue to trade as long as the coin price does not break beyond the defined range. Grid trading will be halted if the price falls below a certain level. The bot will continue to run till the coin returns to its range price.
GRID Trading bot workingAlso, read Best Crypto Grid Trading Bots.
BitKan Trading Bot: Available StrategiesBitKan trading app provides AI recommendations when starting to trade via bots. These AI recommended strategies are already backtested. Traders can also create custom strategies manually from these four pre-set algorithms to begin trading.
Interval GridThe Interval Grid is used to set a range. Buy low and sell high will be executed when the market price fluctuates within intervals, enabling smart arbitrage. Therefore, this algorithm is suitable for a volatile market where the medium and long-term trend is not apparent. It is available 24*7 to buy and sell within a specific range.
Infinite GridThe Infinite Grid is improved based on the interval grid. It allows no upper and lower limits. Moreover, the Grid automatically moves within the market trend and intelligently plans to buy low and sell high according to the scale of your invested assets.
Bitkan Pro App Two-way GridTwo-way Grid automatically plans to open positions based on the funds you have invested. It is suitable for automatically buying low and selling high under sideways market conditions. Therefore, traders can profit in both the volatile rise and fall and the income is stable, without the need to watch the market.
Bitkan Rebalancing Trading BotThe Rebalancing strategy is based on Shanon’s Daemon theory, which benefits patient investors the most. This strategy is used to keep a fixed ratio of cash and position in the box oscillation arbitrage, that is, hold half of the money and half of the coins. Therefore, the proportion of position and cash is always 50%: 50%. Thus, always have money to buy coins and have BitKan coins to sell. It is suitable for medium to long-term upward or oscillating markets.
Benefits of Using BitKan Trading BotAlso, read Dollar-Cost Averaging Trading Bot.
BitKan Trading Bot: Pros and Cons BitKan Trading Bot: ConclusionThis BitKan trading bot guide is mainly about what and how you can use the bot. Furthermore, trading bots can be used more optimally when we know how they can be configured to suit your preference. Traders should always go through all the reviews and verify that their chosen option is secure. Additionally, with four unique bots and more bots in progress, investors can lay down with genuine feelings of serenity, realizing that their crypto is working for them to earn more crypto.
Try Bitkan Trading Bot Frequently Asked Questions What is bot trading?Bot trading is when traders make use of different platform bots to take advantage of the cryptocurrency market. It provides us a great way to learn about investing and trading in the market.
How to convert fiat currency into cryptocurrency?First of all, you’ll have to deposit FIAT into one of the popular crypto trading exchanges. These exchanges could be Binance, OKEx, FTX, Huobi, or Coinbase. Thereafter, you can proceed with buying any crypto asset you want.
All Rights Reserved. Copyright , Central Coast Communications, Inc.