If you are interested in extended functionality and want to focus on using something efficient, Lbank exchange trading bot is a good product that covers many needs of a typical retail trader. However, it is a better choice to use specialized automated trading bots for complex strategies or when flexibility and portfolio management become top priorities.
Let’s talk about different ways to use robots on this popular CEX that has a variety of products for all kinds of investors.
Lbank trading automation
One of the reasons this centralized exchange attracts users is its holistic service that covers many bases simultaneously. At the time of writing, it offers a multitude of products that should be enough for any investor to create a diversified portfolio with most risks addressed through hedging, delta-neutral investing, or other means.
Here are things that you can find:
- Liquidity mining through single-sided pools. APYs reach impressive numbers. For example, 6.18% on BTC by simply holding it on balance or up to 3.14% on lsETH which is a wrapped version of staked tokens from LIDO and similar protocols. If you are feeling adventurous, buying HanChain tokens for a massive 100.8% return could be a good, albeit a very risky, investment.
- Purchasing cryptocurrencies directly from the balance. The exchange allows users to top up accounts with debit and credit cards, provides a stable P2P marketplace where you can easily find a good deal, and offers access to its spot market. Users without any technical know-how or prior exposure to the industry may pick this platform simply because buying coins here is convenient.
- Leveraged trading and yield farming. The borrowing service allows investors to significantly increase potential earnings by amplifying risk through leverage. While not recommended to newcomers, it is a useful tool for experienced traders who can navigate the dangers of the market well and prefer magnifying expected profits through any means necessary.
- Lbank exchange trading bot. Automation options are also offered to clients who want a hands-off experience or plan to create a strategy that can generate profits reliably. The platform does not venture outside of time-tested systems like GRID and DCA which are safe methods of actively interacting with digital assets. The copy trading system is also fine but it lacks diversity and analytical tools.
In general, the user experience is more than satisfactory with the interface looking neat and clean. Investors seeking a good place to start working with the blockchain industry should check out this CEX as it offers a wide array of products without expanding any of its offerings too much. For many novices, this selection of tools is enough. If you find yourself interested in certain types of investment instruments like staking and leveraged farming, switching to another specialized project could be a better idea further down the line.
Trading automation tools for Lbank
Many users coming from established tradfi sectors like stock markets and Forex are intimately familiar with advanced automated trading systems (ATS) that can be customized to fit any risk style or investment preferences. Complete newbies may find the offerings from the CEX quite impressive, but experienced veterans will surely want more from their robots.
You can use third-party service providers to fully automate your trading activities. Several vendors provide excellent solutions:
- Cryptohopper is a good choice for people who want to use a variety of systems that are flexible and reliable. This company showcases a whole arsenal of diverse tools designed to autonomously interact with CEXes. Social elements here are developed to a much lesser degree compared to other products. Many adventurous retail traders will find the idea of using AI-enhanced GRID bots very appealing.
- 3Commas has a different approach to the very concept of hands-off experience and focuses primarily on web 2.0 offerings like advanced social elements including lively forums, copy trading, online events, and more. Simultaneously, it also features some of the finest preset robots out there. You will find all standard products like DCA, Grid, and arbitrage bots.
- WunderTrading is pivoting toward unique instruments that are hard to find in other places. The most recent such offering is the AI-assisted statistical arbitrage system that can manage massive portfolios by making quick adjustments to asset composition based on market circumstances. Social products are neatly packed into the marketplace that offers a selection of hundreds of verified retail traders from all supported exchanges including Binance, Coinbase, and many others.
You can use any automated trading bot platform to create sophisticated strategies that will work well on any CEX. In the case of advanced trading bots for Lbank, it can be a good idea to pick a supplier of services based on which assets you plan to target and where the chosen marketplace excels. Let’s talk about specific strategies and approaches that will produce good results when used on Lbank.
It is also hugely important to focus on picking the right provider to ensure that your systems perform as expected. We strongly suggest using these simple guidelines when shopping for a good vendor in this sector:
- User experience. Never underestimate the importance of a good interface and convenient feature design. For example, WunderTrading has everything neatly packed into a functional interface that provides all the necessary means of managing a massive portfolio of ATS without overwhelming you with information. You can also immediately access useful tools like an advanced terminal powered by TradingView or a portfolio tracking page with every conceivable statistic readily available.
- Product diversity. Contemporary investors love having access to versatile investment instruments. Since the DeFi industry is always ready to present something novel, having flexible suites of preset robots that can be quickly deployed without much tinkering is incredibly helpful. Experienced veterans may find the ability to create ATS from scratch entertaining and satisfying especially if you can find a good technical analysis strategy to produce reliable signals.
- Pricing. Consider the value per dollar when analyzing which platform you want to use but don’t forget about other important aspects like having access to 24/7 customer support or being able to use various products in the same place. Having several tiers to choose from is also a beneficial perk since some investors need just a couple of advanced, fully customized robots instead of a portfolio full of ATS positions.
The choice of vendor often defines the long-term outcome of your investment activities. It is crucial for an investor to be very selective and make the final decision based on in-depth consideration of all aspects that they find important.
Lbank exchange automated strategies
Since this CEX works with hundreds of digital assets including a wide range of stablecoins like USDT, USDC, DAI, and others, it can be a good idea to focus on investment approaches that include multiple positions while also taking advantage of derivatives also offered by this exchange. Let’s talk about some ways that you can employ robots here:
- Statistical arbitrage. This method is based mostly on math and does not rely on predictive analysis making it an excellent candidate for inclusion in an ATS. Just a decade ago, many financial institutions used to run whole departments full of hired traders who were tasked with making individual adjustments to the overall position using guidelines and recommendations from the team of analysts. Today, you only must set it up once. You can also use specialized instruments like the AI-assisted system offered by WunderTrading.
- Delta-neutral positions. Minimizing risk exposure by hedging currently held market positions is a good way of preserving wealth and making profits consistently. One of the approaches to creating a delta-neutral system is through the use of futures which are available for over a hundred pairs including BTC, ETH, MATIC, and even obscure tokens like Pendle. If you hold a long position on BTC and want to protect it from sudden price fluctuations short-selling the asset with a futures contract can be a good defensive measure. You can also employ this tactic to reduce exposure to locked-in positions like liquidity mining.
- GRID robots. The exchange has a native offering with limited functionality compared to products from specialized vendors. GRID is a safe approach to building an ATS by exploiting the benefits of the Distributed Cost Average methodology (DCA) focused on reducing the asset acquisition price by splitting a single large position into a series of smaller ones. While this ATS can work without any additional features, it is nice to have more settings to tinker with if you are a fan of sophisticated risk management techniques that involve position sizing, trailing stops, and other advanced features.
- Custom signal bots. In many cases, it is a more advantageous option to use a technical analysis strategy that produces signals instead of relying on simple triggers for preset solutions like DCA and GRID. The TradingView terminal has a passionate community of users who regularly propose new strategies based on sophisticated custom-made indicators and graphical tools. If you find something that works for you, automating it can be an excellent way to achieve higher profits in the long term. Platforms like WunderTrading offer versatile toolkits for bot building that can work with signals received from a variety of sources including specialized websites, analytical terminals, and more.
Using only the best trading bots for Lbank is a way to stabilize revenues from investment activities and protect positions from market exposure. We strongly believe that it is imperative to use the best tools in the market and avoid free robots without any technical support.
The main takeaway
Modern investors have access to a diverse set of tools like an AI crypto bot or diverse social trading marketplaces. If you want to take advantage of these instruments while working with one of the most popular CEXes out there, we recommend exploring the industry to search for offerings that suit your preferences and requirements.