❓Frequently Asked Questions
Welcome to the Frequently Asked Questions (FAQ) section. Here you will find answers to common questions about our platform and cryptocurrency trading bot. If you don't find the answer you're looking for, please feel free to contact our support team.
General
What is our platform?
Our platform is an advanced cryptocurrency trading service specializing in triangular arbitrage. We offer automated tools that allow users to identify and capitalize on price differences between various cryptocurrency pairs on the Binance exchange.
What is triangular arbitrage?
Triangular arbitrage is a trading strategy that involves the simultaneous buying and selling of three different cryptocurrencies to take advantage of price discrepancies between them. Our bot automates this process, allowing for quick and efficient transactions to maximize profit opportunities.
Using the bot
How does the triangular arbitrage bot work?
The triangular arbitrage bot scans the Binance market for price discrepancies among three cryptocurrency pairs. When an opportunity is detected, the bot executes simultaneous transactions to secure a profit regardless of market direction.
Is it safe to connect my Binance account to the bot?
Yes, our platform uses secure API integrations with Binance. We do not store or request your access credentials. Additionally, we recommend enabling two-factor authentication (2FA) on your Binance account for added security.
Do I need prior trading experience to use the bot?
No prior trading experience is required. Our platform is designed to be intuitive and accessible to traders of all levels. We also provide detailed guides and support to help you get started.
Setup and Usage
How do I set up the bot?
Register and log in to your account.
Go to the dashboard and select the option to configure the bot.
Enter your Binance API key and configure the trading parameters such as cryptocurrency pairs and investment limits.
Save the settings and activate the bot to start trading.
Can I customize the trading parameters?
Yes, you can customize a variety of trading parameters to suit your specific needs, including selecting cryptocurrency pairs, setting investment limits, and managing risk strategies.
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