CoinBot offers two types of Coinbase Advanced Trading Bots, such as DCA and GRID. Using automated trading bots by CoinBot you can finally stop depending entirely on yourself in trading and automate a portion of your trading activities on Coinbase Advanced.
Coinbase Advanced is a US-based digital asset exchange and trading platform that’s designed for both advanced traders and cryptocurrency enthusiasts. Compared to other exchanges, Coinbase Advanced might have higher fees and fewer assets for trade, but it also has strong security features and is available for users from both the U.S. and Canada.
CoinBot has two types of bots for the Coinbase Advanced exchange. For example, the DCA (Dollar Cost Average) Coinbase Advanced Trading Bot follows the DCA trading strategy that is based on investing a preset amount regularly over time, thereby reducing the impact of price volatility on your portfolio. Conversely, the GRID Coinbase Advanced Trading Bot follows the GRID trading strategy that profits from price ranges in a sideways drift by placing buy and sell orders around a set price.
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Coinbase Advanced doesn’t offer any bot solutions but allows them to connect to the exchange. By connecting Coinbase Advanced to CoinBot, you can use both GRID and DCA trading bots to trade on the exchange. For example, if you want to profit from any particular coin’s sideways drift, you may use CoinBot’s GRID bot. Conversely, you may use the DCA bot if you want to reduce the impact of market volatility and invest a set sum incrementally over time.