Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,165 trillion. Bitcoin is up by over 2% after a rollercoaster of a week. Ethereum decreased by almost 1% over the past seven days. XRP gained more than 15% in value this week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector decreased the total value of protocols…
Automated Trading with No Subscription Fees – How UpBots is Revolutionizing the Trading Industry
Cryptocurrency trading has enhanced the universe of assets available to traders worldwide. However, this practice is challenging for inexperienced or unskilled traders. Furthermore, the ongoing bear market makes trading costly and inconvenient when most platforms charge upfront or subscription fees. As a result, many people refrain from entering the market.
UpBots aims to change that and take the trading industry to a new level through innovative and affordable solutions. Its automated trading service allows users to trade in CEX without paying monthly subscription fees. Here are three ways to get more from your trades with this revolutionary platform!
How Does UpBots Work?
UpBots is a comprehensive trading ecosystem incorporating safe and efficient tools for manual and algorithmic trading and cryptocurrency staking. Anyone can join and start trading immediately, regardless of their experience or skills. Thanks to its automated mechanisms, users can participate in successful trades even when away from their stations.
The platform allows users to trade crypto assets on any CEX or DEX, stake capital for automated trades, and create simple or complex manual trades. Additionally, they can build their bots and enhance their skills by following UpBots’ educational courses.
Let’s break down some of these exciting features!
Automated Trading with Algobots
UpBots allows users to activate automated trading bots, Algobots, and start trading automatically from day one. This social trading service is easy to set up and does not involve upfront fees. Moreover, it is effortless to use even by traders with zero experience or skills.
The Algobots take commands from a trading algorithm, from which they also get their quirky name, “Algo.” They then execute BUY or SELL orders depending on the signal from the specific algorithm. Therefore, crypto trading bots work when the traders are at their stations.
UpBots stands out from the competition through a whole range of features. However, the unique design of its trading algorithms makes a difference. For instance, they provide profitable entry and exit signals depending on current market conditions, enabling bots to interact with exchanges and do the entire work for the trader. As a result, successful trades can use advanced market knowledge and understanding.
The platform does not develop the Algobots. Instead, it takes them from third parties only. As a result, UpBots only offers them the conditions for executing the trading algorithm’s commands. Additionally, other developers can use it to host and rent their trading algorithms to other users.
Picking an Algobot is easy, thanks to all the statistics in the Dashboard, including profit and loss, monthly average trades, etc. This way, new and expert traders can find and rent the best Algobot that suits their trading strategies. The bot will buy low and sell high, aiming to perform successful trades regularly.
Moreover, UpBots periodically tests the Algobots’ performance and quality to ensure the safety and productivity of the platform’s users.
Developers can create bots in the UpBots UI and rent them to others. In return, they earn a percentage of profitable trades involving their bots. This is possible through UBXT and smart contracts.
Those preferring a more hands-on approach can opt for the Basic Manual Trade feature on UpBots. This service enables users to execute manual trades across multiple exchanges and exchange accounts from one user interface. Currently, this feature is supported on exchanges including Binance, FTX, Coinbase Pro, and KuCoin for spot trading. However, the platform looks to add support for more exchanges soon.
Manual trading is ideal for traders who operate across multiple exchange accounts and want to manage and trade cryptocurrency from a central dashboard. The platform allows them to create and connect their exchange accounts using API keys easily. In addition, UpBots guarantees the users’ safety by encrypting each API key it receives.
Staking on UpBots
Staking is an excellent tool for generating passive income, and UpBots includes it in its versatile offer. For instance, users can deposit UBXT or LP-UNI tokens via smart contracts. They can do so directly through the user interface in the platform’s pools on Ethereum and Binance Smart Chain. This system involves the distribution of rewards at each block among all participants, regardless of the total stored in the smart contract.
Stakers benefit from lower performance fees when using Algobots. Also, they can receive UBXT tokens every time they deposit more staked funds into the pools. Lastly, they can get access to community bots for free in exchange for their stakes.
The Bottom Line
UpBots is a high-performance trading platform operating from Switzerland. Behind it are a dedicated core team of 16 highly-skilled professionals and the support work of 20 to 30 people from adjacent teams.
The platform aims to revolutionize the trading industry and attract more traders to crypto, regardless of their skills or experience. The platform has already signed strategic partnerships with other industry members, including Reserve Protocol, Covalent, and Dex.AG, IDEX, and HXRO.
Contrary to other trading platforms, UpBots does not charge upfront fees or monthly subscriptions. Instead, it only takes a percentage of profitable trades.
You can learn more about UpBots by following the links below: Website | Twitter | Instagram | Facebook | YouTube.