KuCoin is one of the most popular crypto exchanges currently. It helps you to buy, sell, and store cryptocurrencies (including Bitcoin BTC, Ethereum ETH, Shiba Inu SHIB, Dogecoin DOGE, and many other altcoins). Reports say that 1 out of 4 cryptocurrency holders is associated with this exchange. It offers more than 500 crypto tokens for trade and the total trade volume of this exchange is over US$600 billion. In terms of 24-hour volume (2,184,496,801), KuCoin is the 5th largest spot cryptocurrency exchange in the world. The KuCoin trading bot service is available.
Is the trading bot of this exchange good enough? Let me walk you through this KuCoin trading bot review.
The KuCoin crypto trading bot outperforms a human trader because of two reasons:
You can use the automated version of this bot or may use it for trading crypto signals and analysis and execute trades yourself. To understand how good this trading bot is, let me walk you through different aspects of the KuCoin trading bot.
KuCoin cryptocurrency exchange had launched its own trading bot in early 2021. It was initially launched with 3 simple basic features. There are 6 KuCoin bots currently and they are:
When you use these bots, they can trade every crypto coin listed on the KuCoin crypto exchange. The KuCoin trading bot can be used from your mobile device only and it is available in an application only. To get started with KuCoin’s bitcoin trading bots, crypto traders simply have to install it on their smartphone, launch them, and get started. Both beginners and advanced traders can use this trading bot for KuCoin exchange. Now, let’s check multiple trading bot features.
The KuCoin trade bot comes with a simple design, which is especially helpful for those traders who are just beginning. You can access it at no additional cost. It is available absolutely free of cost. You can use this bot in KuCoin exchange only and not in other exchanges.
In the matter of security, the KuCoin trading bot meets the industry standard. Despite such high security, Sept’2020 was a shock for them as the KuCoin exchange was hacked and $280 million worth of cryptocurrencies were siphoned off by hackers. It is one of the largest security breaches in the history of cryptocurrencies.
KuCoin hasn’t yet received a permit of operation in the United States. Legal dangers remain if you are using this trading bot and crypto exchange from the US. The legal risk associated with tax evasion persist for US citizens if hey use KuCoin.
KuCoin trading bot is a standard trading bot but it is still in its basic level of development. As it is available free of cost, you can use it for certain niches. However, there are better alternatives available in the market such as NapBots, Coinrule, Pionex, and many more. You can try them out yourself to experience the difference.
If you are ready to invest in stocks and cryptos or buy Bitcoins through online brokerage accounts of centralized or decentralized cryptocurrency exchanges, you can do so in a legit way by investing through stock investing and cryptocurrency apps. You have to open an account with such an exchange or online broker (including trading apps and investment apps such as TD Ameritrade). Then verify your details (including basic personal information) and fund your stock or cryptocurrency and bitcoins trading account.
The best thing about the Bitcoin and crypto market is that the transactions are done without the involvement of banking entities. This is one of the reasons why more and more investors (including corporates, venture capitals, and institutional investors) are heavily investing in cryptos.
You can start depositing funds to your stock or crypto exchange account to buy company shares or cryptocurrencies. This can be done by simply connecting your online banking account (savings accounts, checking accounts, or other account types). Besides transferring fiat currency money online through bank transfer, you can make payments with other payment methods including credit cards, debit cards, and others.
If you need further assistance, you may consider taking help from the vibrant and helpful trading communities. You can trade cryptos with credit cards (business credit cards, personal ones, or Citi custom cash cards), debit cards, or other payment options through reliable crypto trading web platforms.
You can also check the savings calculator to know how much you should save on a weekly, monthly, or yearly basis. Check the financial news to know more about the prospects of various assets so that you can build long-term wealth.
In case you are bullish on the future prospects of gold, stock and ETF trading, crypto market, Bitcoin BTC, Ethereum ETH, Bitcoin Cash BCH, Litecoin LTC, Ethereum Classic ETC, Bitcoin SV, Wrap Bitcoin, and other altcoins, you can start investing in stocks, gold, Bitcoin, and other altcoins with USD. Once bought, transfer them to:
Hold them for a longer time period to let the Bitcoin BTC price increase. Keep your cryptocurrencies safe with:
Crypto market investing will provide you with a higher return in the long run. The ROI from crypto investment is much more than investing in:
In fact, many retirement funds or IRA accounts such as Roth IRAs are allowing digital currency investors to purchase XRP, Bitcoin, Chainlink, and other digital assets. These retirement funds are increasing investor choice by allowing them to invest a small percentage of their money in cryptocurrencies. This is, in turn, increasing the prospects of these funds to provide their investors to get higher returns. If you are thinking about building wealth, you should include cryptos in your portfolio like other crypto investors.
Therefore, it can be concluded that holding Bitcoin Ethereum and other cryptos can help you to build real wealth and multiply your net worth. You can learn investing basics to buy crypto currency and other digital assets to make more gains. Start going through Wall Street Journal and other investing magazines on cryptos to learn more about investing in crypto market and make better financial decisions. Learn about valuation calculation to true bitcoin value and assess the overpriced or underpriced situations instantly.
As a beginners guide, you may also check out the trading basics provided by various cryptocurrency exchanges such as Coinbase, Binance, Kraken, and other crypto APIs. There are many brokers suitable for beginners as well. So, read reviews of customers before joining a crypto exchange. There are many brokers for beginners in the USA through which you can trade and invest extra cash and investible fund in fractional shares and stocks funds.
You should definitely learn about:
Defi tokens and NFTs (Non Fungible Tokens) are the next generations of crypto coins. These decentralized coins have started to become very popular among active traders who trade cryptocurrency. You can buy sell them through crypto trading platforms too. Algorithmic trading can also be used for buys or sells of company stocks (including international securities) and cryptos on leading brokers and exchanges (including New York Stock Exchange NYSE).
Whether you buy Ethereum ETH or buy Dogecoin, you should also invest in:
To diversify your portfolio, you may also buy stocks through stock brokers for beginners and pro.
Get better guidance on improving your personal finance, retirement planning, management of cash flows or capital gains, and investment ideas from financial advisors, investment managers, and wealth managers, especially the ones who are not averse to cryptocurrencies such as Bitcoin and others.
While day trading, you should always try to invest only that much money which you can afford to lose. When you do margin trading, be very careful. Financial protection must be there in your mind always while you make cryptocurrency trades. That’s why having a secure financial plan is so important.
Invest money in stocks, gold, and other cryptocurrencies through centralized or decentralized exchanges and reliable online brokers. Build your own system by including insights into profitable strategies by going through the book written by the industry guru.
Trading Robots (such as NapBots.com) automatically scan the market in real-time and trades for you. They run 24/7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping.
Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.
NapBots.com is a Trading Bot, cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda.
The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money.
You may also check “Napbots Review - Simple Way To Increase Your Crypto Returns” before taking the plunge.
NapBots crypto trading software is special because it comes with:
NapBots is easy to start with. It involves just 3 steps:
Step #1: Connect to one of the available trust exchanges.
Step #2: Select from the unique list of performing Bots of NapBots
Step #3: Choose a plan that suits your investment style
Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!