Proteryx helps users grow their cryptocurrency investments using a feature-rich terminal and proven automated bots that take full advantage of the Binance exchange platform.
Our DCA, Grid, and Futures bots are proven performers that execute your trading strategy at scale. The market never sleeps, and neither do our bots.
Proteryx’ dashboard shows you exactly how your portfolio and trades are performing in real time, allowing you to optimize your strategy for maximum return on investment.
Your funds are always secure because our service interfaces with your crypto exchange accounts via encrypted API keys with zero permissions to withdraw funds.
With your browser open to https://Proteryx.com/accounts, open up a new tab and follow the instructions below:
For a more detailed list of instructions and troubleshooting, please visit our article on creating Binance API keys.
For every market condition, there’s a trading strategy that can profit from it. Proteryx bots happen to be really good at reducing average acquisition costs, directly increasing your profit margins from each trade.
Use DCA Short bots to borrow and sell tokens at the current price and buy them back at a lower price
Use DCA Long bots to buy the natural dips and sell the spikes as the price rises over time, achieving a better average entry price for your positions
Use Grid bots to pick up cheaper tokens when they hit support levels and sell them when they’re close to resistance levels
Proteryx has over 160,000 active monthly users and a proven track record of empowering users to manage and grow their cryptocurrency portfolios with our platform’s unique tools. Ready to hit the ground running with a PRO trial period?
Good question! For U.S. users, Binance may not be the optimal choice due to low trading volume. Due to financial regulations in the U.S., Binance spun off the U.S. exchange into its own unit in 2020. Even then, it’s still not available in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, Vermont, and Washington. You can read more details in this article
Binance is a crypto exchange and trading platform where users interact with a trading interface to buy and sell cryptocurrency tokens. It is one of the largest exchanges in the world, although traders in the U.S. are limited to trading on Binance.US, which has significantly smaller volume. Users can trade on Binance using any Proteryx crypto trading bot. The full suite of multi-pair bots using back-tested algorithms and third party signals, including futures bots, is available for people with a Binance global account.
The best trading bots for Binance will allow multi-pair algorithmic trading that can utilize customized or preset strategies to guide the bot’s actions. The signals and indicators used to tell the bot what to do must be customizable to meet an individual user’s needs. Trading bots on Binance must be able to achieve the user’s goals in bear markets, bull markets, or sideways markets. These bots communicate with the Binance exchange via encrypted API, ensuring that they execute commands quickly and securely.
There is no single best trading bot for Binance, because users need bots built to specialize in specific trading categories and markets. Here are examples of automated trading bots from Proteryx and how they’re used on Binance
DCA, or Dollar Cost Averaging, is a strategy for achieving the best entry and exit points for trading positions.
On Binance, users can set up a DCA bot to take advantage of bear or bull markets. As the market goes up or down, a DCA bot can make profits by buying at specific prices and then selling the bumps.
The Proteryx Grid Bot is the ideal bot for markets where the price is bouncing between somewhat consistent resistance and support levels.
This is also known as a sideways market. A Grid Bot chooses a top line below the resistance level, a bottom line above the support level,and then starts with a line in between. As the price moves up and hits grid lines, the bot will sell a predetermined amount of a token. As the price moves down below the median line, the bot will buy a predetermined amount of a token at each grid line. When the market is doing nothing for Hodlers, traders can profit by using a Grid Bot.
Futures trading is a market-neutral strategy that can be implemented to profit from either direction of the market.
Users speculate on the future price of cryptocurrencies to create derivatives contracts that can represent the true value of an asset. There is a buyer and a seller for every futures contract. When the contract execution date is reached, the buyer must buy and the seller must sell. This is different from an options contract where, as the name implies, the buyer has the option to buy at a predetermined price but can also pay the fee and avoid making the purchas.
Our platform stands above our competitors’ as a result of its large number of automation tools and its simple and intuitive layout. While most other algorithm development tools are either too complex for anyone but a computer programmer to use or too simple to be useful, Proteryx has perfected our interface so that it is the absolute best option on the market for users from all backgrounds and levels of experience.
Binance has a very simple flat trading fee of 0.1% per trade. This flat fee can also be discounted by using the Binance coin (BNB) to pay your fees and based on your monthly trading volume.
All clients receive a free trial for signing up!
There is no need to download software when using Proteryx. You can gain access to our trading interface directly from your browser.
There is a great step-by-step tutorial here that walks you through the development of your Binance API key and demonstrates how you use it with your Proteryx trading interface.
Proteryx uses a multi-layered security approach with APIs.
Binance offers FastConnect, which is a method of connecting your exchange account to Proteryx that adds significant protection to your account.
We have a separate encrypted storage space called Sign Center that can sign transactions without exposing your API key, similar to Metamask.
We offer IP whitelisting so you can lock down your API key at the exchange level and prevent any trades from outside IP addresses.
Yes, Binance allows trading bots as long as those bots do not violate any of the terms and conditions for utilizing services on the Binance exchange platform. Any account in good standing can connect to their bots through the Binance API and begin executing trades. The Binance API does not allow bots to withdraw funds from the exchange, whether cryptocurrencies or fiat currency.
You trade bots on Binance with a crypto trading management platform. Once you’ve connected your Binance account via their API, you can utilize bots that your trading platform supports. You can create a bot with custom signals, or you can use presets available through the bot platform’s marketplace. Once your bot is configured, you ensure your Binance account has the correct level of funding for the cryptocurrencies you’ll be trading, and then you can activate your bot.
Trading bots can be profitable, but there are many variables that influence the performance of bots. Bots are reliable, but they will do exactly what the user instructs them to do, and no more. Bots are successful when they’re configured to take advantage of specific market conditions. Companies that provide bots, such as Proteryx, can create very reliable bots, but no one can guarantee they will be profitable if the user does not configure them in a manner that leads to profitable trades.
The best crypto trading bot is the one that executes trades quickly, reliably, and efficiently using the inputs you’ve given it. Ultimately, this depends on the preferences for individual users. Some companies compete by offering lower prices and other companies cost more but offer more reliable bots and dev teams that roll out new features frequently.
