Automated trading on Kucoin

The Kucoin cryptocurrency platform allows users to buy, sell and trade top digital assets as well as stablecoins. The platform officially launched in 2017 and has been rapidly gaining popularity among the community ever since. The trading platform has its own native KUcoin Shares (KCS) token. Thanks to it, exchange users can make various transactions on the platform with lower commissions, while benefiting from an increase in the value of the asset.

With RevenueBot, users of the platform can create Kucoin trading bots and automate their trading.

Kucoin registration and verification

Anyone can register on the platform. The cryptocurrency exchange provides access not only to the top coins and tokens, but also to obscure ones. To start using the platform, users need to activate two-factor account authentication, in order to increase protection.

Registration can be carried out in the same way as on most other platforms. One has to go to the official website of the platform and select the appropriate item, where the user has to enter the Email address and come up with a password. After that, it is necessary to confirm the Email and proceed with two-factor authentication.

If identity verification is an issue, it is not required on Kucoin, but passing KYC opens up additional options for the platform.

Verification on the platform appeared in 2018. The procedure has two levels: basic and advanced.

The differences between them are as follows:

  • If not verified: withdrawal will be limited to 1 BTC per day, crypto-fiat transactions prohibited, leverage for futures trading up to 5x.
  • Basic: withdrawal up to 1 BTC, no crypto-fiat transactions allowed. Leverage for futures trading is up to 20x.
  • Extended: withdrawal up to 200 BTC per day, crypto-fiat transactions up to $100,000 per day, leverage up to 100x.

Automated trading on Kucoin

With the RevenueBot service, automated trading for the classic spot market is available to users of the Kucoin trading platform.

Automated trading is done with the help of bots. With RevenueBot, users can create a new bot or buy a ready-made one from a special marketplace. 

The advantages of a trading bot include the following:

  • Excludes the possibility of error in trade, which occur due to the human factor;;
  • The trading bot can work with several pairs and in different markets;
  • If a trader has a good trading strategy, he or she can run several bots at once for simultaneous automatic trading on different crypto exchanges and trading pairs;
  • Trading will take place 24/7. All thanks to the fact that unlike a human, a trading bot does not need sleep or time to rest.

With the help of a Kucoin bot, traders have the opportunity to make trading much easier.

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