The OKX Trading Bot from Bitsgap is automated computer software that trades on your behalf on the OKX exchange. Bitsgap has two types of automated trading bots for the OKX exchange — DCA and GRID, which both have shown fantastic trading results. So, provided you configure your bots properly and enter/exit trades at the right time, you have all the chances of receiving good passive income.
OKX (formerly OKEx) is an international cryptocurrency exchange that’s known for its low trading fees of 0.10% or less and high-interest staking opportunities. While not available in the US, the exchange still boasts over 20 million users from more than 100 countries.
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How Does the OKX Trading Bot Work?
The OKX Trading Bots are robots that trade crypto on your behalf on the OKX exchange through the Bitsgap interface. All you have to do is choose a bot, set it up, and it will trade for you automatically 24/7. Trading bots can be extremely useful and profitable provided you set the right bots, at the right time, for the right pair, with the right settings. Bitsgap has a couple of trading bots that can be used on the OKX (formarly OKEx) exchange. For example, the GRID bot follows the GRID trading strategy, while the DCA trading bot follows the Dollar Cost Average strategy. Depending on your objectives, you can use either or both and start reaping!
Advantages of the OKX Trading Bot
Bitsgap offers different modifications of trading bots, letting you combine various settings and strategies to achieve better results.
GRID Trading Bot
Profit from the slightest market moves
The highly efficient crypto bot based on the grid strategy. Use it to maximize profits on every price changes in a sideways market.
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How to Launch OKX Trading Bot
Sign up on Bitsgap
Connect an exchange
Choose your bot
Set the bot up and run it
Try Your Bot in Demo Mode
Demo Mode lets you try crypto trading with simulated funds. Experiment with your OKX Trading Bot on various instruments and with different settings in a risk-free sandbox. The Demo Mode virtual account has all the same market conditions as real trading on the platform. Bitsgap will autonomously execute your orders, showing your actual trading results.
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FAQ
What Is the OKX Trading Bot?
The OKX Trading Bot is an algorithm that performs trades automatically on the OKX crypto exchange. Bitsgap has two trading bots that work equally well on the OKX exchange: the GRID and DCA trading bots. If the GRID trading bot works best in a sideways market, the DCA trading bot works well on both the rising and falling markets as it tries to reduce volatility by regularly investing preset amounts.
Is It Safe to Trade on OKX?
OKX is considered one of the safest cryptocurrency exchanges. It has never been hacked and doesn’t have any negative reviews that would have concerned its security. The OKX exchange uses industry-standard security practices and additional features like withdrawal passwords and antiphishing codes. So if you’re considering opening an account and trading with an OKX trading bot, have no further doubts and go for it.
How Do I Download Bitsgap?
Bitsgap is a web app that can be accessed from literally any device anywhere, so there’s no need to download it. However, you can add the Bitsgap web app to your home screen on Android and iPhone and desktop from the Chrome Browser. To do that, you’ll have to open Bitsgap in any browser on a mobile device and either tab three dots on Android or click on the “Share'' button on iOS and then select ‘Add to Home Screen.’ From the Chrome browser, click on your account icon on the Bitsgap interface and select ‘Add to Desktop.’
