re: Crypto Trading Bots

You are killing it! Off of 5k? What are your typical TP BO SO volumes?

I have a few that are TP.1% seeing how many they will close in an hour.

It also looks like you can do bots with stock brokerage accounts, and I won’t have to worry about the fees.

Nice. Only $146 for me. Didn't realized the time change would move the close of day to 6pm. Tomorrow is looking better. Already have $65, and its looking like BTC is trying to make a move.

As you can see, the number of bots makes a huge difference. I know for most, its hard to run that many. Keep taking profits and keep adding when you can.

Anyone using FTX and having good results?

I basically have my settings like Trade Alts vids but I’m not seeing very many deals close. I’m not expecting a ton as I only have 6 but I was hoping for a few more deals closed per day.

What pairs are y’all having success with that FTX offers in a USD pair?

Still debating on FTX vs Coinbase Pro bc of fees. FTX has less alt coins.

I know you are doing coinbase. Can you give me an idea of the amount of fees you end up paying on a couple hundred $$ profit in a day?

Coinbase here.

So far I've paid $844 in fees on $423,574 in volume. But fee's go down each day. Day 1 was 1%, Day 2 was 70%, Day 3 was 40%. Currently at 30%.(Simplifying the structure here by combining maker and taker fees)

Fee's go down as your volume goes up. It's a trailing 30 days, so I'm expecting be in one of the lower fee groups by Day 35. Should drop to 26% in a few days.

Is that the norm? Seems like a lot. What was the profit off that volume?

So you've made $100 since Thursday. Not a terrible deal on a 5k investment. You'll need to hold about a quarter of that back for taxes, so $75.

Not sure what the other sites fees are, but getting CB fees down to 0.3% seems decent to me, maybe not.
I think Coinbase Pro has the most options and seems to be the easiest way to go about this in Louisiana. I haven't looked into every other option though. I already had Coinbase set up so I went with that for now. We'll see how this all does longer term and if the fees are better on other sites with a good enough offering of different option pairs I'll definitely move on from Coinbase.

I’m still watching the videos and researching this before I jump in.

Like many others in here, picking an exchange is the first roadblock.

It seems like most people in here and using FTX or Coinbase. According to the few charts I’ve seen it looks like FTX starts way lower but once your volume gets above $100,000 (trailing 30 days) then Coinbase’s fees are actually a little less. (.30% vs .38%). If I’m reading the fee charts correctly.


So as of right now I think I’m leaning towards Coinbase unless someone comes in mentioning another exchange in the next few days while I’m still looking into all of this.

How many coins are you running on the bot?