What are Trading Bots?

Trading Bots allow Crypto.com Exchange users to profit or build their positions by placing orders automatically based on pre-set parameters. As a result, users do not have to monitor market activity 24/7. Crypto.com Exchange is now offering the Dollar-Cost-Averaging (DCA) Bot feature for all users on the platform.

What are Dollar-Cost-Averaging (DCA) Bots?

Dollar-Cost-Averaging (DCA) Bots are automated trading Bots that allow users to automatically buy and/or sell crypto at regular intervals over a preset time frame. DCA trading is used by investors who would like to reduce the influence of volatility and accumulate/decumulate positions gradually. This allows users to average the price of their tokens by buying a set amount over a certain period of time.

How to create a DCA Bot?

Any verified Crypto.com Exchange user can create a DCA Bot. There are two ways to create a DCA Bot: Auto and Manual. Auto allows users to create a DCA Bot in just three steps. The Manual method is for advanced traders who want to specify a greater number of parameters.

Auto:

  1. On the Trading Bots page, tap ‘Create a Bot’ on a token you would like to use the DCA Bot on.

  2. Here, you will need to fill out the following parameters:

    1. Buy / Sell Every - set a frequency for the recurring buy/sell order

    2. For - the duration that the bot will be running for

    3. You can then set the following:

      1. Buy / Sell Per Order - input an amount of how much you would like to buy or sell, or

      2. Total Investment - an aggregated amount that you would like to invest

    4. Base Currency

    5. Change - select a date that you would like the Bot to start buying/selling

      *Please note that the DCA Bot will place an order at the token’s market price by default

3. Once the parameters have been filled in, tap ‘Proceed’ and the DCA Bot will be finalized. You will receive a confirmation prompt for your new DCA Bot. Additionally, you can name your DCA Bot if you would like to.

4. Read the Trading Bots T&Cs. Confirm that you have read and agree to the T&Cs after reviewing them.

5. You have successfully created a DCA Bot. You may view its full details under Dashboard > My Bots.

Manual:

  1. Any Crypto.com Exchange user can create a DCA Bot on the platform. In the Spot trading page, select a pair you would like to use a DCA Bot for.

  2. Beside the Margin tab, select Spot Trading Bot. Here, you will need to fill out the following parameters:

    1. Buy or Sell - select whether you want to have an automated buy or sell order

      1. If you are opting to sell, ensure you have an available balance for the chosen token

    2. Buy / Sell Every - set a frequency for the recurring buy/sell order

    3. Time of First Day - select a date that you would like the Bot to start buying/selling

    4. Buy / Sell Per Order - input an amount of how much you would like to buy or sell

    5. Order Type

      1. Market - the DCA Bot will place an order at the market price

      2. Limit Order - if selected, you are required to set a Limit Price. The limit order will be an Immediate-or-Cancel (IOC) order, i.e. the order must be filled/partially filled immediately, and the unfilled portion will be canceled.

    6. Max. Number of Orders (optional) - set a maximum number of orders to be placed

  3. Once the parameters have been filled in, tap the Buy/Sell button for the DCA Bot to be finalized. You will receive a Confirmation Prompt for your Bot. If you wish, you can name your Bot.

  4. Read the T&Cs on the Trading Bot. After you have reviewed them, confirm that you have read and agree to the T&Cs.

  5. Your DCA Bot has been created successfully. You may view the details under Dashboard > My Bots > DCA.

How to view your DCA Trading Bots?

  1. To view your Trading Bot, navigate to your Dashboard. Here you will be able to see a snapshot of your active Bots and your overall P&L from the Bots.

  2. To view your Trading Bots in detail, navigate to My Bots. There is also an option to filter Trading Bots that are Active, Paused, or Ended.

  3. The details displayed are:

    1. Bot Name

    2. Buy/Sell (Base Currency)

    3. Every (Frequency)

    4. For (Duration)

    5. Investment Made

    6. Accumulated Tokens

    7. Total PnL

    8. Current Duration

    9. Status

  4. If there is a DCA Bot that you would like to view in greater detail, simply click the row you wish to get more information about.

How do I edit an existing DCA Trading Bot?

  1. Within your Dashboard, navigate to My Bots screen.

  2. Select a Trading Bot that is currently Active.

  3. Click Edit.

  4. A prompt will pop-up, and the following are parameters that can be updated:

    1. Bot Name

    2. Frequency (Buy/Sell Every)

    3. Buy/Sell Per Order

    4. Order Type

    5. Max.Number of Orders

      * Please note you will not be able to edit the “Total Investment” amount.

  5. Once complete, click Proceed. You will see a summary of your update. After your review, click Confirm.

Can I pause my DCA Trading Bot?

Yes, you can pause your DCA Trading Bot. There are two ways to do it:

  • In your Dashboard, navigate to Order > Trading Bots.

  • Select a Trading Bot that is currently Active.

  • Click Actions > Pause Bot.

6. A confirmation prompt will pop up. After reviewing it, tap Confirm to pause the selected Bot.

How do I resume my Trading Bot?

  1. In your Dashboard, navigate to Order > Trading Bots.

  2. Select a Trading Bot that is currently Paused.

  3. Click Actions >Resume Bot.

A confirmation prompt will pop up. After reviewing it, click Confirm to resume the selected Bot.

Can I terminate my Bot before the End Date is reached?

Yes, you can terminate your DCA Trading Bot before its End Date. Follow the steps below:

  1. In your Dashboard, navigate to My Bots.

  2. Select a Trading Bot that is currently Active.

  3. Click onto Actions > End Bot.

  4. A Confirmation prompt will appear with the selected Bot’s details.

  5. After reviewing it, click End Bot.

Does the DCA Bot have any fees?

There are no additional fees for using the DCA Bot.

The fees incurred are the same as if you were to place a Limit Order on the Spot Trading Page. There is also an option to pay the fees in CRO.

To view the fees incurred from the DCA Bot, refer to the Spot Transaction History page.

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