Trading bot for Kucoin

With the help of revenuebot users can conduct automated trading on the exchange Kucoin.
Kucoin is a Hong Kong cryptocurrency exchange that appeared in 2017. It is one of the largest cryptocurrency exchanges, consistently ranked in the top 10 exchanges in terms of trading volume in the CoinMarketCap service rating. The exchange has its own KCS token. The use of revenuebot's automated trading is available for the classic Kucoin spot market. Thanks to the variety of settings available, the user of the service can create an effective trading bot and start trading in a short period of time.

Kucoin fees

The trading commission on Kucoin depends on the daily trading volume and the number of native KCS tokens in the user's account. More details about the exchange commissions can be found in the table below:

Kucoin Exchange Trading Commissions

Security of trading on the Kucoin exchange

Of the security measures that the exchange offers to its customers, the following are available:

  • Mandatory two-factor authentication (2FA)
  • Connect Google Authenticator
  • Trading password that is used to transfer and withdraw funds, as well as when creating an API key
  • IP Login Restriction
  • Security phrase for login and withdrawal

Automated trading

According to statistics, about 70% of transactions in the stock market are made using various bots. And given that the crypto market mainly adopts practices from traditional ones, there is no doubt that the percentage here is no less. Why are traders less likely to trade themselves and trust bots to do it? There are several reasons for this:

  • The software or bot has no human factor A trader can make a mistake when filling out an order, forget to close it, or something else. A software or a bot trades only according to the settings that were originally included in it, so the possibility of errors or inaccuracies is excluded.
  • Speed ​​of the whole process A trader cannot analyze several trading pairs or markets at the same time. In addition, you will have to open many trades. Bots are great at all of these tasks.
  • Versatility and scalability Having a clear trading strategy, you can launch many bots for simultaneous automatic trading on different crypto-exchanges and trading pairs.
  • Trading will be carried out at any time of the day Trading bots do not need time to sleep and rest, so they can trade around the clock, making a profit for their owner.

Trading Kucoin with RevenueBot

We have been on the market since 2018 and over the entire period of our existence, we have carefully worked out all the features of working with the Kucoin exchange. Of the advantages, the following points can be highlighted:
  • Variety in the functionality and settings of the bot, which allows you to implement many trading strategies:
    • Smart order safety grid allows you to create efficient DCA bots for Kucoin exchange with LONG and SHORT algorithms using an averaging strategy.
    • The automatic switching of the bot's trading pair significantly increases the number of profitable trades. Using the volatility analyzer developed by us for the Kucoin exchange, the bot can automatically select the best trading pair in terms of volatility so as not to be idle.
    • Using TradingView signals as a condition for starting a bot trading on the Kucoin exchange allows you to implement strategies based on a variety of trading indicators.
    • The bot simulation mode will show how the bot you created would trade over the last 60 days (the time and date of the start of the simulation can be set in the settings). We keep a history of price changes for all trading pairs on the Kucoin exchange for the last 60 days. All tests will be carried out on the chart of your chosen trading pair, for a specified period of time. This will allow you to verify that your settings are correct or to identify inaccuracies.
    • The automatic reversal of algorithms will allow you to implement a risk hedging strategy when trading on the Kucoin exchange. At the moment when the price goes in the wrong direction, the second bot will be automatically connected, which has the opposite algorithm.
  • The user pays nothing if the bots do not generate an income. The commission for using the service begins to be charged only from the moment the bot makes a profit. The size of the commission is 20% of the profit received, but not more than 50 USD per month.
  • The user does not need to keep their computer turned on 24/7, because the bot functions from the cloud storage.
  • We have a marketplace where you can buy a ready-made bot configuration, sell a profitable one and get additional income, as well as purchase a mentoring service from an experienced user.
  • There also is a referral program through which clients of the service receive an income without even starting a trade.