Question 1

What is KuCoin Trading Bot?

Accepted Answer

The KuCoin trading bot is free-to-use software that traders can use to automate their cryptocurrency trading. So far, It has supported five trading strategies, namely: Spot Grid, Dollar-Cost Averaging (DCA), Futures Grid, Smart Rebalance, and Infinity Grid.

Question 2

What is Dollar-Cost Averaging(DCA) Bot?

Accepted Answer

KuCoin’s DCA bot is used by investors and traders who believe in the philosophy of “time in the market over timing the market.” It is a strategy that empowers users to buy the target crypto assets at regular intervals and ride through the volatility in the crypto market, therefore averaging the entry price. It also helps traders to avoid making the mistake of "Going All In" during a bad time.

Question 3

What is a Spot Grid Trading Bot?

Accepted Answer

Spot Grid trading bot is the most popular KuCoin bot trading strategy. It allows users to buy low and sell high in a specific price interval. This strategy has shown the best results in volatile-ranging markets.Traders can use this bot by using the suggested settings, adjusting the parameters themselves, or copying other top performers’ bot settings.

Question 4

Can you make money with KuCoin Trading Bot?

Accepted Answer

Absolutely. Countless people have created a stable passive income source by using the KuCoin trading bot. However, all trading involves risks, and every investor and trader should trade cryptocurrency responsibly and avoid emotional trading.

Question 5

Is KuCoin Trading Bot free?

Accepted Answer

The KuCoin trading bot is free to use for any registered user on KuCoin. We only charge transaction fees per trade, just like any trading activities on other markets. All you need to do is load up your account, pick a trading bot strategy and start your trading journey!