If you are interested in using advanced investment tools like an AI crypto trading bot or large-scale statistical arbitrage systems, these can be created as Deepcoin automated trading strategies thanks to versatile API gateways that allow users to connect any third-party tool or even locally run software to their accounts. Deepcoin has deep liquidity and low-latency APIs making it a prime candidate for automation.
Despite some restrictions of the service in big national markets like the US and a security score of BBB (under 76%), the platform is a great destination for investors seeking versatility and flexibility thanks to the expansive catalog of financial instruments available to traders on this exchange.
Why should you be interested in Deepcoin trading automation?
This CEX platform is among several global exchanges that offer a high level of privacy to their clients and don’t even follow many KYC and AML guidelines opting to collect only essential information about its users. At the same time, the diversity of products offered here is more than sufficient to allow retail traders to build massive yet balanced portfolios effortlessly.
Here are some of the notable products available to users of this CEX:
- A quick and reliable peer-to-peer ecosystem where you can receive digital assets directly in your wallet. The vast majority of user funds are stored in cold storage which is another important advantage if you are interested in decentralization and independence from centralized institutions.
- A spot market with deep liquidity. Many users praise the platform for its smooth purchasing and selling experience as they don’t see many gaps and slippages. Clients can engage with over 120 different tokens and 125 currency pairs.
- Derivatives like USDT perpetuals and inverse perpetuals offer an additional layer of flexibility to users interested in hedging strategies, building delta-neutral systems, or simply short assets they believe have a strong chance of dipping in the near future.
- A solid social component module allows newcomers to simply follow successful managers instead of trying to come up with a unique strategy that outperforms the market. The functionality of this module is somewhat limited but provides essential features.
If you feel restricted by the features of the platform in terms of automation, it is possible to connect with a third-party vendor and use advanced instruments instead. For example, you can set up a grid bot crypto strategy on any popular service like WunderTrading or CryptoHopper and target financial instruments offered by this CEX company.
How to automate trading on Deepcoin
A retail trader interested in working with this CEX company has several options when it comes to automation. Each of them has unique advantages and disadvantages. Let’s talk about the ways in which you can automate investment routines on the platform with ATS instruments:
- Use a desktop application. The market has many options for users who want to run software locally. These programs often receive continuous support and appear to be compatible with many other analytical and utility instruments. Many experienced investors believe that this kind of setup grants them ultimate control over finances. However, the issue here is that you need a very reliable internet connection, high-performance hardware, and use programs that deliver an excellent outcome.
- Employ a third-party provider. The automation industry is very large with hundreds of different vendors offering automation in some capacity. It is a good idea to work with versatile platforms that have different products and can give you the competitive edge to outperform the market. Companies like CryptoHopper, Gunbot, WunderTrading, and others have extensive catalogs of tools that can be extremely useful to experienced users and newcomers alike.
- Use the native capabilities of the platform. Deepcoin has a special social module that can be used by all users without any limitations. While this automation option may seem limiting and insufficient to build sophisticated portfolios, you can still diversify positions by choosing different managers and splitting assets between them to achieve a balanced level of profitability and consistency.
In the vast majority of cases, using third-party vendors is the preferable option. Selecting a good provider can be a tough task due to the oversaturation of the contemporary market. However, it is still possible to find reliable vendors that have versatile product lineups and can deliver a stellar user experience. Many of these vendors carry offerings powered by artificial intelligence. We will talk about several interesting options.
Choosing a Deepcoin AI trading bot
Several vendors are heavily investing in exploring AI capabilities and potential applications of machine learning in finance. Below are some of the options that are available to contemporary crypto investors interested in innovative technologies.
- CryptoHopper is a well-established provider of automation solutions. Whether you want to set up a DCA bot cryptosystem that performs consistently or engage in novel approaches like AI-enhanced GRID bots, you will find something suitable on the platform. Artificial intelligence is used to adjust GRID settings in real time to achieve higher returns and avoid risks and volatility. You still need a solid technical analysis strategy to make this bot work well but it is capable of operating autonomously with minimal input from its user.
- Gunbot is a solution that can work in the DeFi sector as well as the CeFi portion of the crypto market. They are focusing on implementing large language models to write strategies and scripts based on the requests from users. It is an interesting approach that has attracted many users but the jury is still out on the effectiveness of this AI application in the world of finance. Gunbot can be connected to any CEX through an API gateway. However, you may need to tinker with settings to find out how to do it.
- Tickeron is a relatively new offering in the sector as it has its sole focus on delivering a well-performing AI bot that can do better than humans and other ATS setups. The issue here is that it is an uncharted territory and the platform does not offer anything of importance outside of its emphasis on artificial intelligence. Their flagship robot is a glorified signal bot that simply adjusts trade settings based on the incoming alert. The money management system automatically adjusts the balance on the CEX account without providing additional benefits. The development team promises more updates but we are still waiting.
- WunderTrading is an all-around great automation vendor that has a variety of preset solutions like your standard DCA and GRID bots on top of other useful instruments. For example, you can visit the marketplace and choose traders to follow from a selection of managers representing all CEXes supported by WunderTrading. The current star product in the lineup is the AI-enhanced robot that can be used to manage massive statistical arbitrage systems, GRID bots, and more. It is a one-click option available to all users with a paid subscription plan.
All of these platforms are good choices if you are interested in Deepcoin trading automation since you can easily connect them to Deepcoin via an API gateway. Note that many vendors do not support this CEX platform as a default option. You will need to set up the connection manually by working with the customer care team.
The main takeaway
Deepcoin is a popular global investment platform that operates in many regions of the world. However, you may face some difficulties setting up an automated trading bot here as native features are limited to social elements and many vendors do not support the CEX out of the box. We strongly believe that this exchange can be a proper destination for capital allocation but you have to be careful and consider various risks of working with a CEX that has a low BBB security rating.