Crypto trading bots are a modern approach for going passive thanks to the latest technological advancements. Finextra considering this approach as a “Laziest way to invest.” Upon its late release in January 2021, the KuCoin trading bot is gaining much more popularity being one of the best trading bots you can get for free to earn a stable passive income. The bot is built-in and can be used inside the exchange free app. KuCoin is claiming the bot as “a new way to make passive income.”
Introducing The KuCoin Trading BotKuCoin is making headlines in allover the cryptocurrency news platforms for its large crypto exchange volume. The exchange is gaining more popularity day after day thanks to its flexibility to accept almost all altcoins along with major cryptocurrencies.
KuCoin trading bot is the advanced management interface for trading crypto on the KuCoin market launched by the KuCoin team to provide a better experience for the users.
You just need to update the KuCoin app to get started with the KuCoin trading bot and start earning an easier stable passive income.
An Automated Crypto Bot for a Passive IncomeYou do not always get a suitable direct trading offer in the exchange market. The new marvelous feature of the KuCoin App, the KuCoin trading bot is the best strategy maker in this volatile market with a wide range of order types.
This advanced platform is pulling a massive crowd. The majority of the people are finding this new feature very helpful to have an edge in this very competitive market.
The Smartest Bot in the LotWith a large number of automation tools and a simple intuitive layout, the KuCoin Trading Bot interface helps you rise above the competition. It provides you with the most user-friendly backgrounds and levels of experience whereas all other algorithm tools tend to be too simple or too complex.
KuCoin provides bonuses on exchanging and holding KuCoin's Token (KCS) inside the KuCoin account.
Earning Passively With a bonusIf your trading volume reaches 10 USDT, you will be eligible for the free airdrop. Each airdrop is worth 5 USDT and KuCoin will select you the coin among Cardano, USDT, Ripple, Tron, Bittorent, etc.
The validity of the deal is unlimited.
Cost of Maintaining KuCoin (A Quick Comparison)The following image will help you to have a general overview of KuCoin vs Binance vs Coinbase Comparison :
https://1.bp.blogspot.com/-nQtAllaaKKg/YCHkj9AflFI/AAAAAAAAA_U/byGSzGSezmIRpEYTWzGkPaPoins3dtjlgCPcBGAYYCw/w640-h286/Coinbase-Vs-Binance-Vs-KuCoin.jpgFor an instant comparison at a glance, you may think that Coinbase and Binance exchanges are better than KuCoin.
However, if you look deeper, you will get to know that in spite of the fact that both Binance and Coinbase are taking the lead of the crypto exchange platforms, they are really prefered when it comes to fees. Kucoin is known for its low trading fees as well as withdrawal fees.
If you happen to have a large sum of fiat money, then Coinbase could be a good option for you. On the other hand, if you are looking to gain profit from cryptos by investing a limited amount of money, then KuCoin is the best match for you.
- The withdrawal fees on Coinbase are 3% whereas KuCoin is providing this service at only 0.1% fee.
- The trading fees on Coinbase are almost 4% while KuCoin is taking only 0.05% for each trade.
- The withdrawal fees on Binance are 35 times higher than KuCoin. And Binance trading fees are also much higher than those of KuCoin.
KuCoin makes it possible to trade and withdraw bitcoin and altcoins at an affordable price. Thus, users on KuCoin are already taking profit from this competitive market. And so will you after having read this in-depth analysis of the KuCoin trading bot which will be more helpful to you to start earning passive income in the long run.
KuCoin Shares “$KCS” is SurgingOn the 27th of January 2021, the 24-hour trading volume of KuCoin’s token $KCS was $9.209.140.00 with a market price of around $1.13 . The KuCoin Shares price surged up to 2.53% from the previous day, resulting in $92.980.213 total cryptocurrency market capitalization.
The KuCoin Shares is referred to as $KCS.
Pros of KuCoin’s Trading BotUpon KuCoin’s official announcement about launching their trading bot, the entire crypto media went on flooding the crypto world with headlines and reviews from cryptocurrency experts and users.
To help users arbitrage in a volatile market, the KuCoin trading bot supports DCA (Dollar-cost Averaging) trading and the Classic Grid trading to make a stable income. The KuCoin trading bot provides an automatic investment plan by which you can control risk and earn a long-term ROI (Return On investment).
You have the possibility to set a target while setting up a KuCoin trading bot that supports the profit target function. When the target you have set is reached, you will get a reminder from your KuCoin trading bot to continue the DCA trade or to sell all positions.
Johnny Lyu, the KuCoin’s CEO, said that the existing investment tools available in the crypto market are still not competent enough. They either are too complex for novices or not yet advanced enough for professional traders.
The bot features a built-in default user-friendly interface that helps newbies operate in a simple and easy way. Additionally, the option of custom parameters in an AI settings provides advanced traders with the opportunity to use it at their convenience.
He also added that it has made passive income more stable and easier for the platform users.
KuCoin has made a claim about adding features like Margin Grid, Extreme Volatility Killer, Dynamic Position Sizing along with existing Classic Grid and DCA. These new features will provide more utility services to the users of the exchange.
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