Bidsbee launches a grid bot

Bidsbee
2 min readApr 17, 2024

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Bidbsee launches a grid bot to increment your earning opportunities.

What is a grid bot?

A grid bot is a computer program, an algorithm, that places a bunch of buy and sell orders within a predetermined price range. When the price goes up or down, the bot sells a specific amount of crypto.

The idea is to sell more crypto at a higher price and to buy more crypto at a lower price gradually. Thus, in the long run, this approach helps you to benefit from price changes of the asset.

Why use a Bidsbee grid trading bot?

With Bidbsee, you can use a grid bot even if you don’t have any experience with it. Just make sure you pick the right crypto pair, and that’s it, you can purchase the bot and start using it to earn more!

All bots, including the grid bot, come with default settings, and we recommend leaving them as they are because the bots were backtested with them and showed a high ROI. For example, the grid bot for the INJ/USDT crypto pair showed over 179% ROI, with no loss trades. All this data you can check by moving to the Bot marketplace and clicking on the bot you wish to buy.

All you need to do is to pick an account that you’d like to use with the grid bot.

Allocate the deposit for this specific bot (it will trade with the assigned money only).

That’s it, you are ready to start trading with the grid bot!

If you want, you can also move to advanced settings, but we recommend doing so only if you know for sure what you are doing.

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Bidsbee

https://www.bidsbee.com/ - your social trading platform: copy trading, trading terminal, trading bots, alerts, signals.