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re: Crypto Trading Bots

Posted on 11/2/21 at 11:49 am to
Posted by tigerfan311
Baton Rouge, LA
Member since Apr 2009
828 posts
Posted on 11/2/21 at 11:49 am to
If I live in Louisiana what exchange should I use instead of Binance.us?
Posted by LordSaintly
Member since Dec 2005
38918 posts
Posted on 11/2/21 at 11:58 am to
quote:

If I live in Louisiana what exchange should I use instead of Binance.us?




I'm using Coinbase Pro. Binance would have been a much better option since they have more trading pairs and the fees are lower.

Posted by mach316
Jonesboro, AR
Member since Jul 2012
4776 posts
Posted on 11/2/21 at 12:34 pm to
I see Kraken, Gemini and Coinbase Pro on their list. Not sure how much their fees are.
Posted by tigerfan311
Baton Rouge, LA
Member since Apr 2009
828 posts
Posted on 11/2/21 at 12:48 pm to
I went with Coinbase Pro. Why do you trade vs USD instead of USDT. Which is the better choice?
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4776 posts
Posted on 11/2/21 at 12:52 pm to
That’s just my preference. It has more pairs than USDT if I’m not mistaken, at least on BinanceUS. Using a stable coin is not a bad choice though. It’s Just easier for me to deal with transferring in and out of binance straight to my bank.

These are the USD pairs on Binance US
AAVE
ADA
ALGO
AMP
ANKR
ATOM
BAND
BAT
BCH
BNB
BTC
COMP
CRV
DASH
DOGE
EGLD
ENJ
EOS
ETC
ETH
FIL
GRT
HBAR
HNT
ICX
IOTA
KNC
LINK
LTC
MANA
MATIC
MKR
NANO
NEO
OMG
ONE
ONT
OXT
PAXG
QTUM
REP
RVN
SOL
STORJ
SUSHI
UNI
VET
VTHO
WAVES
XLM
XTZ
ZEC
ZEN
ZIL
ZRX

This post was edited on 11/2/21 at 4:04 pm
Posted by lsu777
Lake Charles
Member since Jan 2004
31207 posts
Posted on 11/2/21 at 2:16 pm to
kucoin is the best exchange outside of regular binance. Coinbase pro would be after that.
Posted by burymeinTS
Member since Sep 2015
47 posts
Posted on 11/2/21 at 3:21 pm to
I thought Kucoin was not available in the US. I'm struggling with this as well. Located in Texas so Binance is not an option.

I've looked at Kraken, Coinbase and Gemini. Kraken doesn't facilitate DCA bots so it seems like Gemini is my only option outside of Coinbase.
Posted by lsu777
Lake Charles
Member since Jan 2004
31207 posts
Posted on 11/2/21 at 3:25 pm to
sign up with kucoin, just dont do KYC. cant withdraw more than a BTC a day so for most that wont be a problem.

use the 3commas bot through it. im in Louisiana and use both daily.
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4776 posts
Posted on 11/2/21 at 3:42 pm to
quote:

Binance is not an option.


Are you trying Binance US?
Posted by LordSaintly
Member since Dec 2005
38918 posts
Posted on 11/2/21 at 3:44 pm to
quote:

It has more pairs than USDT if I’m not mistaken


Yeah I'm currently trading in USDT and I think USD would have been the better option (on Coinbase at least). About half of my trading pairs are USDT with some utility token.
Posted by LordSaintly
Member since Dec 2005
38918 posts
Posted on 11/2/21 at 3:45 pm to
quote:

Are you trying Binance US?


Louisiana residents can't use it
Posted by yaboidarrell
westbank
Member since Feb 2017
5376 posts
Posted on 11/2/21 at 9:43 pm to
quote:

Are you trying Binance US?


Louisiana residents can't use it

Coinbase Pro is a good alternative, especially if you already have a Coinbase account. Moving crypto between Coinbase and Coinbase Pro is free. Also, it's better to buy through Coinbase Pro instead of Coinbase as fees are lower. Use Coinbase to keep track of crypto prices (much better UI) and do the actual transaction on Coinbase Pro.
Posted by burymeinTS
Member since Sep 2015
47 posts
Posted on 11/2/21 at 10:11 pm to
The fees on Coinbase Pro suck but unfortunately, that looks like the best option if you're in Texas and want to roll legit.

No shade on what anyone else is doing btw.
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4776 posts
Posted on 11/3/21 at 6:39 am to
quote:

Coinbase Pro


One good thing about Coinbase Pro is having Polkadot as one of their pairs.
Posted by tigerfan311
Baton Rouge, LA
Member since Apr 2009
828 posts
Posted on 11/3/21 at 7:11 am to
Mach, do you change your strategy on a particular bot if it is closing deals rapidly (like every 5 minutes?) XYO is doing great right now.
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
27610 posts
Posted on 11/3/21 at 8:02 am to
Is there anything like this for people who trade bitcoin on Robinhood?
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4776 posts
Posted on 11/3/21 at 8:23 am to
Yes! There is an add funds option that you can add extra funds if you have one running up. This past Saturday, my Mana bot was going off every few minutes. I kept adding funds to each deal when I was in front of the computer. Ended up making over 1k that day. I only do that when I can really watch em closely. I don’t want to add a bunch of funds at a super high price. Makes it harder to DCA it back down.
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4776 posts
Posted on 11/3/21 at 8:27 am to
quote:


Is there anything like this for people who trade bitcoin on Robinhood?


There are several crypto bots out there. Not sure which exchanges they use. I was kinda hoping to hear from people that were using something besides 3 commas. Im still relatively new to bots, so there may be another way to do these that may be more profitable.
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
27610 posts
Posted on 11/3/21 at 8:36 am to
So do I setup a Binance account and just buy a few hundred in the coin I want to set the bot up for then set up the bot and it recognizes that, or do I sign up with Binance, setup the bot, and then fund a few hundred dollars through the bot on 3commas?
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4776 posts
Posted on 11/3/21 at 8:58 am to
I already had a BinanceUS account, so I just transferred cash to it. I opened a 3 comma’s acct. I used the settings following the youtube video below to start them. 3 commas links to your binance account thru an api number. Again, all this is explained in the video. Once 3 commas is connected to your Binance acct, it will take over the buying and selling depending on the settings you create. If you don’t want to purchase the plan, and try it for free, watch the second video below. You can make a composite bot that will let you trade 5 different cryptos with the same settings. If you want to purchase the program, I would purchase the one that is $24/mo or $300 yearly. It’s not the most expensive plan, but it will let you make as many bots as you want.

LINK

LINK
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