WhiteBIT is a cryptocurrency exchange that has all the necessary features to trade cryptocurrency efficiently. Founded in 2018, WhiteBIT has grown into a large crypto exchange with more than two million traders spread over 190 countries. WhiteBIT has a variety of crypto assets (400+ trading pairs), high liquidity, spot, and margin trading.
WhiteBIT Trading Bots make trading easier and more efficient. They also help manage risks and secure profits. Bitsgap offers a variety of trading bots that can be used on the WhiteBIT exchange. You can choose one of the dozens of premade strategies or customize the bot settings for your needs.
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How Does the WhiteBIT Trading Bot Work?
Bitsgap offers two types of WhiteBIT trading bots: DCA and GRID. The DCA WhiteBIT trading bot follows the DCA trading strategy and divides your investment across periodic purchases. DCA bots are handy when you don’t have the time or experience to judge the most opportune time to buy.
The GRID WhiteBIT trading bot follows the GRID trading strategy and places orders above and below a set price at certain regular intervals. The GRID trading bot offers a fantastic opportunity to capitalize on price volatility within a sideways market. Don’t have time to figure it out? Bitsgap has a couple of readymade templates for the GRID bot, so all you have to do is launch it!
Advantages of the WhiteBIT 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 WhiteBIT 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 WhiteBIT 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
How Do I Connect My WhiteBIT Account to Bitsgap?
Connecting WhiteBIT is easy. You’ll need to enable 2FA at your WhiteBIT account first to obtain your API key. To do so, log into your WhiteBIT account and go to the Security page. After enabling 2FA, go to the API page, and click “Generate a new API key.” Entering your 2FA code and copy the API key and Secret key.
Then head to Bitsgap, click on the “My Exchanges” tab, and click on “Add new exchange.” Select WhiteBIT from the list and paste your API keys. If everything is okay, you’ll see WhiteBIT on My Exchanges with the “Connected” status. You’re now ready to use Bitsgap and take advantage of the WhiteBIT trading bots!
Is WhiteBIT Trading Bot Profitable?
All WhiteBIT trading bots are profitable by definition — they buy low and sell high. As long you have a solid trading strategy, take time to analyze the market, and exercise caution in configuring your bots, you can receive good profits!
Bitsgap has a range of state-of-the-art trading bots with all the necessary features for managing risks and securing profits. Think Stop Loss, Trailing Down, and Take Profit! You can also see how the bot with the chosen settings could have performed if it was started some time ago with the Backtest feature. With Backtest, you can analyze how adjusting your settings changes your bot’s performance and adapt accordingly!
Does Bitsgap Have Any Free Trial Subscriptions?
Anyone who signs up automatically gets a seven-day free trial, with no strings attached or credit card required! You’ll receive a free PRO plan for the full seven days! You can test all the features, set up to 25 Grid and 250 DCA bots, and get used to the interface. You’ll receive multiple reminders to extend your PRO subscription or change it to a cheaper plan.
Not yet ready? Not to worry! If you don’t want to purchase a plan just yet, you can still enjoy the demo version of the platform for free even after your trial expires. Pay for any plan by credit/debit card, PayPal, or crypto when ready!
