FAQ about "KAS/USDT ScalpingBot"
@DJ_CryptoManWhat profitability can I expect?
The most important and first thing: no one guarantees or can guarantee or promise any profitability. Please do not consider this information as an individual investment recommendation, promise, guarantee, etc. It's crypto, anything can happen here.
The profitability of the bot on historical data over the past 1.5 years with non-aggressive settings turned out to be about 5-10% per month.
What is the minimum and recommended deposit amounts?
Basic recommendadtion - to deposit at least 500-600 USDT. If the goal is to try and see how the bot works to make further investment decision - 70-80 USDT would be enough in most cases.
How to start?
In order to start trading using the bot, you need to:
- Create an account on the MEXC exchange.
- Pass KYC
- Deposit USDT at your MEXC account.
- Start @KAS_USDT_ScalpingBot and follow instructions to activate it
How to activate the bot?
Follow the link: @KAS_USDT_ScalpingBot. Press /start. Follow further instructions provided by the bot. The main steps are:
Registration using the bot's instruction - Payment - API key creation - First purchase.
Do I need a PC to work with the bot?
No, a computer is not required. Among the advantages of this bot is that once you create an API key (which can be done using a mobile app), you won't need frequent app checks. To install the bot, deposit and withdraw funds, you will need either a computer or the MEXC mobile app.
Can the bot withdraw/transfer/steal money from my account?
During the API key creation process, the user specifies only 3 actions that the bot can perform using these key: view account, view orders, and trade at Spot account - all these only for the specified trading pair KAS/USDT. No withdrowals, transfers, or anything else.
Is it possible to trade by myself when the bot is running?
Yes, it is possible, however not recommended to avoid users confusion with finance. Technically, the bot can make deals using only free (i.e. not frozen in orders set by the user) USDT and the amount of coins bought by itself. It's important not to delete orders created by the bot.
What happens if I delete an order created by the bot?
Once a sell order created by the bot is edited or deleted by the user, the bot automatically deletes it from its database and removes the order containing cycle (buying and selling) from the profit calculation. As a result, the user is left with free-to-use KASPA bought by the bot, and it's the user's decision what to do with it: sell using a market order, place a limit sell order higher, withdraw from the exchange, etc.
Is it possible to lose my deposit?
No. There is a risk that this bot will spend all available USDT to buy KASPA due to aggressive settings, but it will still have a value determined by KASPA's rate. It's highly recommended to start with safe settings and to ensure you understand the bot's algorithm.
Why KASPA?
Here is a brief explanation: There is a problem in crypto - the so-called blockchain trilemma. Blockchain has three main characteristics: decentralization, security, and scalability. Improving any of these components always leads to the deterioration of one or two others. KASPA is the first and so far the only cryptocurrency that has solved this trilemma: it is decentralized, secure, and very fast.
Where are my funds stored while the bot is running?
On the MEXC exchange, on the Spot account
Does the bot trade using leverage?
No, the bot trades only on the spot market and only with the user's funds. As a result - no futures, leverage, possible liquidations, huge commissions, and other machinations leading to the zeroing of the user's deposit
On which exchange does the bot trade, and can it trade on others?
The bot trades only on the MEXC exchange.
Why MEXC?
The MEXC was chosen due to its 'lowest on the market' commission policy and the exchange's reliability. MEXC is among Top-10 crypto exchanges according to many ratings. The commission at MEXC is either absent or at the minimal level compared to other exchanges. Considering a large number of transactions, its minimization is quite important.
I have KASPA/BTC/ETC/…. Can I use this coin to start trading with the bot?
This bot requires USDT to start with. The source (KASPA/BTC/etc. sale, direct purchase, or anything else) a user decides to use to get them is a separate user's decision and not related to the bot.
Comparison of 'Buy-and-Hold' strategy and a bot
The 'Buy and Hold' strategy implies earnings on a growing market. At the same time, situations of buying at the very bottom of the market and then selling at the peak are often cited as an example. In the real world, such successful cases are not that often. Examples of buying at the top of the market and then selling at the bottom are much more common. The other case is buying at the peak and then waiting for that peak to be surpassed. Ask the Bitcoin buyers at 69k in 2021 who had to wait until November 2024. The bot relieves the user from the necessity to make decisions. It earns evenly in any market. As a result, there are many examples where one of the two strategies will outperform the other at a certain period of time and depending on the entry point. The bot developer combines both strategies in order to avoid FOMO.
What is the estimated balance?
This is the sum of free USDT in the user's account and the amount the user will receive when all limit orders created by the bot are executed. When all orders are executed, the settlement amount and the balance shown by the exchange will be completely equal.