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Dogecoin trading bot
Dogecoin trading bot is a crypto trading robot that automates the process of your DOGE trading. While using a bot, you get ahead of other traders who trade this coin manually.
Set up bot
How to launch bot for Dogecoin?
Sign up on TradeSanta
Connect exchange or create HitBTC account in one click
Choose trading strategy
Set up your first bot
The software can trade based on technical analysis tools; it will never make emotional decisions according to price swings; simultaneously it can open and close more deals than when you have to do it by yourself
Depending on the platform where you trade DOGE, you can use different bot types: coin lending bot, trend trading bot, market making bot, arbitrage trading bot, signal bot and many more.
The most popular options on top of TradeSanta are long and short trading bots, DCA and GRID bots.
Still not sure if automation is the right decision for you? There is no need to buy a package to get the answer to the question. With TradeSanta, you can endlessly run up to 2 trading bots for free if your volume is less than $3K/month.
Dogecoin (DOGE) trading
Even though the project was designed as something fun and is based on the popular “doge” Internet meme, for over 7 years of its lifecycle, the coin has grown in popularity. As of June, 19, 2020, the Doge price is $0.002465, and the project occupies the 33rd place of the CoinMarketCap ranking with the market cap of $308,202,820.
The total supply of the coin is limitless. To date, it is 125,055,580,243 DOGEs, so this is an inflationary coin because its purchasing power doesn’t increase over time. However, the 24-hour trading volume has increased over time.
In 2014, a year after the launch, the 24-hour trading volume was almost $3,5 million by contrast to the current amount of $182 million.
Elon Musk, Tesla CEO, has mentioned this coin in his tweets a couple of times, saying that this is his favourite coin.
Dogecoin Exchanges
DOGE is a popular asset, so it won’t be difficult to find on any major crypto platforms, such as Binance, Huobi, OKX, HitBTC, Bybit, Kraken, and FTX.
On Binance, you can trade DOGE for BTC and vice versa, on Bittrex, you can trade DOGE for USDT or BTC, with Kraken, it’s possible to trade DOGE for BTC, USD and EUR. As for Poloniex, you can speculate on the coin if you’re interested in USDC. On such crypto exchanges as HitBTC and Huobi you can trade DOGE for Ethereum.
TradeSanta strategies
DCA strategy
There are 2 main aspects when it comes to the trading fees onHitBTC: trading fee tiers and the “maker-taker” system. Trading fee tiers is a rewarding program for traders with high trading volumes. That means the more you trade the lower your fees are. You can check out the full list of tiers.
DCA Long strategy
DCA Short strategy
Grid strategy
There are 2 main aspects when it comes to the trading fees on HitBTC: trading fee tiers and the “maker-taker” system. Trading fee tiers is a rewarding program for traders with high trading volumes. That means the more you trade the lower your fees are. You can check out the full list of tiers.
Grid Long strategy
Grid Short strategy
Frequently Asked Questions
What is trading bot?
Bot trading is based on a software program, which automatically executes trades according to a predetermined trading strategy. Basically, the trading bot places buy and sell orders on your behalf on the crypto exchange.
How does TradeSanta work?
Once your trading bot is set up and ready, the trading software will open a deal either immediately or after a signal from technical indicators is received, depending on the filters set. For the first order crypto bot buys the amount of base currency indicated in the settings by the user.
What settings are the best?
There is no "best strategy" for automated cryptocurrency trading, and there's no best Dogecoin trading bot, it is not a money making machine. You may use one of the templates to start and adjust them according to your needs after. To get the best results you should conduct your own research and make your trading strategies, according to your trading volume, market situation, chosen cryptocurrency pair and etc.