An overview of RevenueBOT: a bot for trading on cryptocurrency exchanges

RevenueBOT is a platform for creating trading bots that can help you trade on top cryptocurrency exchanges, which include: Binance, Bittrex, FTX, OKX and others. By using the platform, anyone can start making passive incomes thanks to automated bots. Read on to learn more about RevenueBOT.

RevenueBOT

It is a software designed for automated trading on the crypto market. Trading is done by using an API interface of available cryptocurrency exchanges. With RevenueBOT, you can simultaneously trade on multiple exchanges and trading pairs. You can set your own settings, deposit or algorithm for each bot.

The cryptocurrency market is notorious for its volatility, which causes many traders to lose their deposits. However, RevenueBOT users are well-protected from any sudden market turmoil: the filters for starting bots let it choose the right moment to open a position. Filters for starting bots are a set of trade indicators such as RSI, CCI, and Bollinger Bands. The Stop-Loss mechanism will minimize possible losses if the price goes astray. The RevenueBOT support team can provide advice to novice traders and explain the main rules of money management.

At the core of the bot is a grid of safe orders. The volume of orders in the grid is determined by the Martingale betting system. The first grid order is the smallest in terms of volume and the closest to the current price on the exchange. Each subsequent grid order is larger in volume than the previous one and farther away from the current price on the exchange. You can manually set the grid order volume by specifying the percentage of the total deposit allocated to the bot. The prices of the orders in the grid are distributed according to the percentage of price change overlaps specified in the bot’s settings.

RevenueBOT uses a dollar cost averaging (DCA) strategy. The basic principle of the bot’s work is as follows: throughout the trading cycle, the bot buys an asset in small volumes, constantly averaging the price, and then sells the asset for the money spent + the percentage of profit. The bot uses a predetermined grid of orders, buying in small chunks as the asset price drops, making it possible to obtain an asset at the optimal averaged price.

Signing Up

Before you can start registering, you will need to go to the official website.

You can see the “Sign Up” tab on the home page, click on it.

As soon as you enter all the data required by the platform, you will get access to your personal account. The user can top up their account’s balance only with digital assets, bank cards are not accepted.

After this step, you must enter the API key of the selected platform and name your bot.

With the “Quick Start” mode, you can create a trading bot with the platform giving you tips. You can choose not to get help and do it all yourself by going to the “Bots” tab.

It is also possible to receive recommendations from other platform users and purchase a ready-made bot configuration. They can all be found in the Marketplace tab. The Marketplace is bountiful when it comes to choosing ready-made bots, you just have to choose your favorite.

If you need help from experienced users, you can find it in the Mentoring tab. This is where mentors of different ratings come together; the higher a mentor’s rating, the more you have to pay for their advice or help. The minimum price of a mentoring service is 0.001 BTC. After submitting a request to the chosen mentor, the cost of their service will be frozen in the customer’s account. Your mentor will automatically receive a transfer as soon as he or she helps you solve your issue.

Commissions

You can start using the trading bot for free. The platform starts charging a 20% commission on profitable trades, but no more than $50 per month. When the $50 threshold is reached, commission charges stop until the first day of the next month.

Bots trade on the internal balance of your exchange account. However, they do not have access to it. As a result, the commission fees will not be charged directly from the exchange. Each RevenueBot user has their own balance on the platform, and it is exactly from there that the commission will be charged. In case of insufficient funds, your balance becomes negative. The user then has three days to repay the debt. No restrictions on bot operation are imposed during this time period. Nevertheless, if the user does not top up their account by the end of the allotted time, then all the operating bots will be shut down.

RevenueBOT platform features

• You can test how the bot was able to trade with any trading pair over the past two months in the Simulation mode;
• The Quick Start mode is designed for newcomers who need help;
• The bot automatically switches to a trading pair from the moment the deposit is idle;
• Trading templates. These are essential for easy bot setup.
• The automatic flipping of the bot’s algorithms function is a crucial thing as the bot will automatically choose the right algorithm based on the market situation, either go long or short.
• Any trader can become a mentor or buy mentoring services if assistance is needed;
• Using TradingView. This feature has grown in popularity among traders due to its ease of use, the accuracy of the data and the variety of trading indicators.

To whom is RevenueBot suitable for?

RevenueBOT provides different options for customers.

For beginners, the platform provides the following features:

• The platform offers help during bot configuration;
• If you have any problems, you can ask for assistance from a mentor or support service;
• In case you do not want to waste time configuring the bot yourself, you can use the Marketplace. There, you will always find a ready-made bot to meet your requirements.

For experienced traders, these features can be of use:

• Using RevenueBOT, you can trade with perpetual leverage of cryptocurrency futures.
• You have a chance to make money not only by trading, but also by trying yourself as a mentor;
• A referral program is available, which gives the opportunity to receive additional profits.
• Experienced traders who are proficient in automated trading can dive deeper into the bot’s settings, maximizing profits.

RevenueBOT’s referral program

To participate in the referral program, the user must choose the desired advertising format with which they will attract new users. Once a new user registers through your referral link, they become a referral themselves. You will get a reward of 30% of our commission on all profitable transactions made by your referral, but no more than 15 USD per month. Payments are made in BTC only.

Conclusion

RevenueBot is a platform that lets you both do trading and make passive profits at the same time. The platform’s interface is user-friendly. You can share your experience as a trader to help newcomers, or you can create configurations for the bot in order to sell it later. No hidden fees, there is only a commission fee to pay when you start to make a profit from trading with our bots. In addition, there are almost no bad reviews on the web about RevenueBOT, and that says a lot. With the trading bot, you can not only make a passive profit, but also save the main human resource: your time. For new users, RevenueBot has a promotional offer: if you register using this link, you get 10% on your first top-up. Have a great trade!

Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice