KuCoin Bot Results in One Month

Today, I will start another cryptocurrency automated trading experiment. This time, I will launch free bots provided by the KuCoin exchange.

You don’t need to pay for using those bots. The only commission you pay would be the exchange trading fee, which is a common thing for a crypto exchange.

How easy is it to launch KuCoin bots and how much money can you actually earn with them? I will set up the bots, I will let them work for 33 days, and I will show you the results I get.

Preparing for the KuCoin bot launch

To test out the bots provided by KuCoin, I have registered a new exchange account and transferred 0.03 BTC there.

The goal of this experiment is to accumulate a larger number of Bitcoins. I don’t care how much is Bitcoin worth in fiat value today and what is the total value of my portfolio in USD. The price of crypto is moving up and down all the time, so the amount of crypto itself is important to me, not its fiat value.

Before you start any trading activities at KuCoin exchange, make sure to acquire some internal KCS coins and activate the fees toggle in the profile. This will help you to save some money on the trading fees. As you may know, these bots execute lots of orders, so even a 0.02% discount would become a solid advantage in the long term.

Now let’s check what trading bot strategies KuCoin has to offer:

As you can see, the most popular strategy is the so-called grid trading strategy. With it, the bot sets grid orders inside a trading range. It aims to buy crypto at a lower price and sell it later at a higher price. KuCoin’s grid bot is the automated strategy that I am going to launch and test.

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TOP TRADING BOTS

How to copy an existing KuCoin grid bot?

There are two ways to launch a KuCoin grid trading bot:

• Copy the settings of one of the existing bots
• Choose the pair and launch the bot manually

I would try both approaches and start with the copy feature. You can find the top-performing grid bots in the app and sort them all by trading pairs and trading time.

As my goal is to grow the amount of Bitcoin I hold, BTC will be the quote currency for each of the pairs I pick for this test. In the list above, I can see the MAHA/BTC pair that is showing great results. Let’s try to copy this bot and launch it.

You need to click on the pair and choose it to create the bot with the same parameters.

Then, you will see all the settings that can be modified. But I will keep everything as it is. The only thing that I will manually set here is the investment amount.   

Here is the final confirmation. The bot is also telling me that some MAHA coins will be bought to launch this strategy.

Now, the first KuCoin grid bot has been launched and it is ready to produce profits!

Creating KuCoin bots myself

Let’s move forward and create some more bots in a manual way. To be honest, it is hard to call this option a “manual option”. Most of the parameters will be proposed by the KuCoin platform itself.

I intentionally would not customize any price ranges or the number of orders. I want to test how good KuCoin trading bots are right out of the box. Can they bring any profit without human intervention? This is what we are going to check throughout this month.

So, the first pair to launch will be DOGE/BTC. This is one of my favorite pairs for grid trading. I have made a solid profit by launching the same pair with the Bitsgap bot. Dogecoin is one of the most volatile cryptocurrencies as well. Its frequent price movements allow the grid strategy to execute lots of orders.

I will invest around 0.007 BTC into this pair, a bit more than in all of the other pairs.

Here are the pairs that I have also chosen for this experiment. All these bots were launched with approx. 0.003 BTC:

• ETH/BTC
• LINK/BTC
• LTC/BTC
• XRP/BTC
• XEM/BTC
• XMR/BTC

Now, I will let all the KuCoin bots work for an entire month, and I will let you know the results. Don’t worry, you don’t have to wait for me. All the results are posted here in the same blog post below. 😉

KuCoin grid bot is out of range

Before we move on to the results, here there is an interesting situation that happened with the MAHA/BTC trading pair. It went out of the price range. KuCoin sent me a notification regarding this situation.

There is no point to continue with a bot that cannot execute any trades, so I decided to cancel it and re-invest the money.

When you cancel the bot there are three options available:

• Keep both MAHA and BTC coins on the account
• Sell everything for MAHA
• Sell everything for Bitcoin

I will sell everything for Bitcoin and launch another trading bot with BTC as a quote currency.

Here is the MAHA/BTC bot summary. You can see that it was running for only ~11 hours, it has made 9 transactions and registered +0.67% in profit.

I will launch the KCS/BTC trading pair as the replacement for the cancelled bot. Again, all the parameters were determined by KuCoin using artificial intelligence. I have just selected the number of Bitcoins to invest.

Kucoin grid bot profit after one month

A month later (33 days to be exact) here is what I see on the exchange balance.

Let’s calculate the profit percentage that KuCoin bots were able to make after 33 days of operating.

0.00191275 / 0.03 x 100 = 6.38%

Now, we can check all the pairs one by one to know which ones were the most successful.

DOGE/BTC

• Number of trades: 1108
• Total profit: +8.02

ETH/BTC

• Number of trades: 298
• Total profit: +6.18%

LINK/BTC

• Number of trades: 856
• Total profit: +6.13%

LTC/BTC

• Number of trades: 388
• Total profit: +2.27%

XRP/BTC

• Number of trades: 472
• Total profit: +7.14%

XEM/BTC

• Number of trades: 986
• Total profit: +1.64%

XMR/BTC

• Number of trades: 683
• Total profit: +6.51%

KCS/BTC

• Number of trades: 775
• Total profit: +10.56%

As expected, the most active pair in terms of executed orders was DOGE/BTC bot with 1108 trades made. In profit terms, the leader was the KCS/BTC bot with +10.56%.

All the trading pairs that were launched during this experiment have shown positive results, which is really great.

The total 6.38% profit looks also good. This is not the maximum profit that I managed to get using a grid bot strategy, but it is also impossible to make any judgment after just one month of trading. We need to understand that all the results are heavily dependent on market conditions and those can quickly change.

Adding investments to the Kucoin grid bot

I have noticed that the XRP/BTC pair was not making any trades during the last couple of days. The bot has left the trading range, so I decided to cancel this pair and re-invest the money into the most profitable bot at that time.

After getting the BTC back to my account I can add those coins to the KCS/BTC trading bot. There is a button called ‘Add investment’ that we can use.

After adding the funds, there was one final confirmation before the bot continued working with a larger balance.

My afterthoughts about KuCoin automated trading

I am happy with the results I got after the first month of testing KuCoin’s internal bots. Let’s not forget, that these algorithms are provided free of charge, therefore they can become a trampoline for lots of newbie crypto traders.

For traders that are ready to invest additional funds in trading instruments, the main question would be: could KuCoin automated trading bots outperform paid bot solutions like Bitsgap?

As I have a paid PRO-level Bitsgap account, I would be able to test out both Bitsgap and KuCoin trading bots in real-time on the same market, using the same algorithm and the same investments. This is something that I will definitely do in the future, but for now I will let KuCoin bots work further to get additional results.

I am especially interested to see how KuCoin trading bots would perform if the market starts falling. A falling market is usually a killer for automated trading solutions, so this would be curious to watch. Here you can find my second report!