Veles crypto robot

Introduction

I will share my experience with interacting with cryptocurrency. Like most people who become interested in crypto, I created an account on the Binance exchange and bought various altcoins for my spot portfolio using relatively 'free' funds.

However, keeping real money in the spot portfolio becomes challenging when you hear a million success stories from 'successful' traders who promise you golden trading signals that will give you +100% to your deposit in a week or even sooner.

I fell for it too, joined several Telegram channels offering such signals, deposited money into a futures account, and started trading alongside successful traders based on their signals. The first few days were somewhat promising, and I even managed to make some minor gains. However, after a few unsuccessful trades, you start losing money. That's how I lost 800 USDT in a month.

Now, let's move on to reviewing a reliable method for earning in cryptocurrency.

Crypto bot Veles - Introduction

Veles bot is a free platform for creating trading bots on cryptocurrency exchanges. With its help, you can passively earn through scalping, as well as during the rise and fall of cryptocurrencies. This bot supports multiple exchanges:

Additionally, the upcoming plans include the addition of exchanges such as KuCoin, BitGet, BingX. The website of this tool is designed in a modern and user-friendly style:

This platform is constantly improving and also creates informative videos to help as many people as possible, especially those unfamiliar with cryptocurrencies, learn about this sphere and start earning.

How does the Veles trading bot work?

If you have encountered trading bots on any cryptocurrency exchange, you will understand how Veles works. Its principle involves breaking down the deposit into several parts (margin tiers) to create a grid of orders through which the bot enters into a trade. If the price moves against the bot's position, averaging occurs at the next point in the order grid, allowing the bot to turn a profit by changing the entry point into the trade.

But unlike regular trading bots on Binance or ByBit, Veles employs trading indicators that enhance the trading strategy and help avoid losing the deposit.

The platform itself is free, and you don't need to pay anything when registering. The platform charges a 20% commission for each trade, but not exceeding 50 USDT per month. This means that if you earn 1000 USDT in a month using this bot, the commission will be only 50 dollars, not 200 as it could be with a fixed 20% commission.

How to create a Veles trading bot?

Alright, we have the basic information; now let's figure out how to work with it. To start, you need to create an account on the official Veles website:

You can register using your Google account, which simplifies the account creation process.

Additionally, the platform initially offers a free $5, which can be used to cover the commission for your first trades. To obtain them, you need to complete simple tasks such as subscribing to the official Telegram channel, completing tutorials, and more. In general, getting the free $5 is a pleasant bonus that you can claim in just 10 minutes of your time.

After creating an account, you will enter the personal cabinet where you can either create a bot yourself or choose one from the options provided. The platform suggests starting the exploration and testing the service's profitability with a trading bot with a $1 investment.:

To create a bot or use a ready-made one, you need to link the service to the cryptocurrency exchange you are using.
Important: the platform operates with your balance on the exchange, there is no need to transfer your funds to any external location.

Connecting Veles to Binance, ByBit, and other exchanges

Click on the 'Create Bot' button. The very first tab will prompt you to select the exchange you are using:

After selecting the exchange, you need to enter the API key of the chosen exchange. If you're not familiar with what it is and why it's needed, don't worry. Veles provides a very detailed guide for each exchange on creating an API key. I use Binance Futures for automatic earnings with this crypto bot.

Settings for the Veles bot for passive income

Next, I will tell you about the settings I use and show the statistics of my earnings. After linking the exchange to Veles using the API, the very first and crucial setting that will be presented to us is the choice of the trading direction: Long or Short.

I always trade in Long because, at the moment, we are on the verge of Bitcoin halving, and the market is growing in any case. However, if you want to trade in Short, that is not a problem.
After selecting the algorithm, if you don't know which currency pair to choose, the platform itself will suggest the most favorable options:

You can also choose the trading pair yourself. My bots, which I hold:

After selecting the trading pair, there are a number of settings that need to be configured correctly. My algorithm is as follows:

Crypto bot Veles: What earnings can be expected?

Within a week, with a deposit of 300 USDT, this service earned 88.6 USDT:

I consider this result quite excellent. Moreover, no additional actions are required other than launching it.

• Start earning