TIP: Crypto Trading Bot -- Is It For Me?

The major difference between a typical stock exchange (further called fiat stock exchange) and a crypto stock exchange is the fact that crypto stock exchanges are open 24 hours a day, 7 days a week, the whole year round. Fiat stock exchanges have an opening and closing bell, which means at times that the exchange is closed, no trades can be done. What does this mean for you and I? Simple, it means you and I could trade crypto currencies at any time of the day -- even on holidays!

But I need sleep.. I have a day job.. and I don't know how to trade, let alone perform technical analysis or interpret candlesticks, you say. That's why crypto trading bots were made -- to do this for you while you sleep, while you work. It is not exactly set it and forget it, but close enough. I trade crypto currencies using a trading bot. This is why I could sleep and I'm able to function in my day job. How? Let me outline several steps and possibly guide you to do the same.

DISCLAIMER: I'm not a financial advisor, nor do I want to become one. The steps outlined here are to guide you and let you assess if trading crypto currencies using a bot is a viable income generator for you. There is no assurance that it will.

First, you need to have an account on a crypto currency exchange. My recommended crypto exchange is Binance (affiliate link: Binance Exchange). The primary reason why I recommend Binance is due to it having the cheapest trading fees. The default trading fee is 0.1%. And if you have Binance Coins (BNB) and use these to charge trading fees, a 50% discount is given making the trading fee 0.05%. Fees add up as you rack up trades, and that discount is HUGE.

(I have a Binance Account and my referral identification number is 26356236. Should you opt me to be your referrer kindly use this id number when you register. This gesture will enable me to help more people by being able to keep this site running. I appreciate your generosity.)

Next, take a trial of CryptoHopper Bot. While there are other trading bots out there, CryptoHopper is what I have tested and works for me so far. The 30-day trial of CryptoHopper is awesome. This enables you to test it out and see if the service is what you require.

I'm currently in my second week of the trial (a bunny account). During this time, I'm trying to secure the funds required to subscribe a hare account ($49/month). Hare subscription is recommended to take advantage of the trading bot's features. Just the same, the bunny account provided during trial has been productive. See below stats for reference.

CryptoHopper Stats

CryptoHopper will require API keys from your Binance account. Plug them in to the hopper configuration. The hopper is disabled by default. Just the same double-check to see if it is disabled. Disable "buying" just to be sure.

I initially invested about ~2 ETH (Etherium). I also trade with Etherium as my base currency. Even with the turmoil and volatility going on in the crypto currency market, the CryptoHopper bot has been delivering consistent profits for my investment.

Etherium Investment Growth

I will go into detail about the setup of each in the next post. For now, my suggestion is to take some Udemy courses on technical analysis and candlesticks interpretation, in preparation for the configuration. This will really help you grasp the concepts of trading and how to setup the hopper.

The courses below have helped and are currently with 100% OFF codes.

Cryptocurrency Masterclass: Technical Analysis for Beginners

Learn to Trade for Profit: Candlestick and Technical Trading

Crypto Trading 101: Buy Sell Trade Cryptocurrency for Profit

Am not sure for how long these courses will remain free. My tip would be to enroll even if you cannot take the course(s) right away. These have lifetime access, so you literally can take them up in your free time. Grab them while they are still available 100% OFF.

SUGGESTED: Epic Formula to Grow Your Crypto Currency Portfolio

Stay tuned for the guides on how to setup Binance Exchange in tandem with CryptoHopper soon.

References (affiliate links):
 * Binance Exchange
 * CryptoHopper Bot


Subscribe for Latest Update

Popular Posts

Post Labels

100gb (1) acceleration (1) acrobat (1) adblock (1) advanced (1) ahci (1) airdrop (2) aix (14) angry birds (1) article (21) aster (1) audiodg.exe (1) automatic (2) autorun.inf (1) bartpe (1) battery (2) bigboss (1) binance (1) biometrics (1) bitcoin (3) blackberry (1) book (1) boot-repair (2) calendar (1) ccleaner (3) chrome (5) cloud (1) cluster (1) compatibility (3) CPAN (1) crypto (3) cydia (1) data (3) ddos (1) disable (1) discount (1) DLNA (1) dmidecode (1) dns (7) dracut (1) driver (1) error (10) esxi5 (2) excel (1) facebook (1) faq (36) faucet (1) firefox (17) firewall (2) flash (5) free (3) fun (1) gadgets (4) games (1) garmin (5) gmail (3) google (4) google+ (2) gps (5) grub (2) guide (1) hardware (6) how (1) how-to (45) huawei (1) icloud (1) info (4) iphone (7) IPMP (2) IPV6 (1) iscsi (1) jailbreak (1) java (3) kodi (1) linux (28) locate (1) lshw (1) luci (1) mafia wars (1) malware (1) mapsource (1) memory (2) mikrotik (5) missing (1) mods (10) mouse (1) multipath (1) multitasking (1) NAT (1) netapp (1) nouveau (1) nvidia (1) osmc (1) outlook (2) p2v (2) patch (1) performance (19) perl (1) philippines (1) php (1) pimp-my-rig (9) pldthomedsl (1) plugin (1) popcorn hour (10) power shell (1) process (1) proxy (2) pyspark (1) python (13) qos (1) raspberry pi (7) readyboost (2) reboot (2) recall (1) recovery mode (1) registry (2) rename (1) repository (1) rescue mode (1) review (15) right-click (1) RSS (2) s3cmd (1) salary (1) sanity check (1) security (15) sendmail (1) sickgear (3) software (10) solaris (17) squid (3) SSD (3) SSH (9) swap (1) tip (4) tips (42) top list (3) torrent (5) transmission (1) treewalk (2) tunnel (1) tweak (4) tweaks (41) ubuntu (4) udemy (6) unknown device (1) updates (12) upgrade (1) usb (12) utf8 (1) utility (2) V2V (1) virtual machine (4) VirtualBox (1) vmware (14) vsphere (1) wannacry (1) wifi (4) windows (54) winpe (2) xymon (1) yum (1) zombie (1)