B-World works with most major cryptocurrency exchanges, but some may not offer services in your region. For example, many exchanges are not accessible for American nationals, a good choice for them would be Coinbase, Kraken, and Binance US. However, please mind that accessibility can vary by state.

To find out if a certain exchange operates in your country, click on the exchange you’re interested in below and check its website for a list of supported regions. If your country is not listed, there’s a good chance—though not a certainty—that you can open a trading account, unless local or national laws explicitly prohibit you from doing so.

Available jurisdictions for selected exchanges include:

• Read more about Binance
• Read more about Coinbase 
• Read more about KuCoin
• Read more about Kraken
• Read more about Bybit
• Read more about OKX
• Read more about Binance US
• Read more about BingX
• Read more about EXMO
• Read more about HTX
• Read more about GateIO

For further details, explore our list of cryptocurrency exchanges to learn more about their trading fees, available currencies, and trading services in our article, “The Top 10 Trading Platforms for Automated Trading in 2024.”

Trading can be a demanding endeavor, and the level of effort required often depends on your approach. Several factors come into play as you pursue profits in the market. Some traders emphasize placing high-quality orders over a large volume, while others prefer to execute multiple trades quickly. Both types of traders can benefit from a trading technique in the cryptocurrency space, known as automated trading.

Automated trading allows traders to quickly execute orders on cryptocurrency exchanges, potentially leading to greater profits through increased trading volumes. If you’re interested in learning more, this article will delve into the pros and cons of automated trading. By the end, you’ll be better prepared to decide which trading method suits you best: manual, semi-automated, or fully automated trading.

What is automated trading?

Automated trading, often known as algorithmic trading or mechanical trading systems, uses advanced trading software powered by algorithms to execute orders at high speed. Investors and traders leverage this software by inputting pre-programmed trading instructions based on parameters such as time, volume, price, and other trading criteria.

Once the specified conditions are met in the market, the trading software automatically executes the orders set by the trader. Automated trading is commonly used by investment funds, hedge funds, insurance companies, banks, and other financial institutions to handle a large volume of orders that would be impractical for individuals to manage manually. 

Today, automated trading solutions are also accessible to retail traders.

The primary goal of automated trading is to enable investors and traders to maximize their profits by executing a multitude of transactions without human intervention. While individual traders can only manage a limited number of trades at once, automated trading eliminates this constraint by using algorithms that facilitate high-speed trading.

Historically, automated trading was associated with complex frameworks requiring investors or traders to have extensive knowledge of coding and mathematical models to utilize trading platforms effectively. However, with user-friendly automated trading platforms like Cryptohopper, those barriers have largely been removed, making it easier for anyone to participate in automated trading. 

How does automated trading work?

Automated trading is fundamentally driven by systems that utilize advanced, data-driven algorithms to execute orders. Once you select the automated trading system that aligns with your investment goals, you set precise buying, selling, and trading rules for the system to follow. This can include trading signals, specific trading strategies, AI-driven approaches, TradingView alerts, or copy trading bots. These rules can be set based on various market conditions, such as stop-loss levels, trailing stops, moving average crossovers, and other technical indicators.

After you’ve established your trading rules, you can let the automated trading system handle the rest. As it operates, the system executes orders on cryptocurrency exchanges at lightning speed the moment of pre-defined conditions are met in the market.

Additionally, trading through automated systems helps remove human emotions that often negatively impact profitability. Since orders are placed automatically based on data analysis and predetermined rules, the chances of successful orders can increase. However, it’s important to remember that trading outcomes are always influenced by market conditions and the specific trading settings.

Advantages and disadvantages of automated trading 

Every trading strategy, system, or model comes with its own set of advantages compared to others, and automated trading is no exception. While it offers several benefits, it also has its drawbacks. Below there are the key pros and cons of automated trading to help you better evaluate this trading sets:

Advantages of Automated Trading:

High speed of order execution: Automated trading enables you to execute a large number of orders efficiently. By employing automated trading, you can trade across multiple cryptocurrency exchange accounts, utilizing different trading strategies simultaneously. The volume of trades that would take a significant amount of time for a human to execute can be completed in milliseconds through automated systems.

Avoids human emotions: Professional and experienced investors are for minimizing the influence of human emotions in trading. They believe that emotions are one of the primary factors leading to losses. With automated trading, you can predefine what should occur during specific events and react immediately using triggers. This ensures that human emotions are kept in check, eliminating the need for human intervention in order execution.

Backtesting: One of the standout features of automated trading is its ability to apply trading rules to historical market data to assess the viability of a trading strategy, known as backtesting. When selecting a trading strategy for automated trading, you can thoroughly test it before any rules are implemented, minimizing the likelihood of failure.

Diversification of crypto portfolio: Automated trading allows you to manage multiple strategies, cryptocurrencies, and exchanges simultaneously, distributing risk. This enables you to reduce potential risks as you engage in a greater variety of positions across different trading platforms.

Community knowledge and trading platforms: On platforms like Cryptohopper, there are numerous users eager to share their insights with one another through Discord or via the vendors on the Cryptohopper marketplace. Did you know that you can ask most vendors on Cryptohopper about their services?

Disadvantages of automated trading:

Technical failures: Automated trading is only as good as the automated system used to execute orders. However, since automated systems rely on technology, they may experience malfunctions or technical issues. At Cryptohopper, we always strive to provide the most stable automated trading experience possible. If you encounter any problems, feel free to contact support, and we’ll assist you as quickly as we can.

Monitoring: Even though execution occurs automatically, it still requires a certain level of oversight. This is because cryptocurrency exchanges can face technical issues, such as system outages or loss of connectivity, among others. Since these factors can lead to errors, incomplete, or missing orders, traders need to monitor the execution. Did you know that you can easily oversee your trading bots through iOS or Android apps?

Over-optimization: Automated trading requires you to select, set up, and manage the trading strategy you employ. While strategies designed by traders using backtesting may look good on paper, they can fail in the real market during execution. Are you new to automated trading? Start with the standard trading strategies available in Cryptohopper for all users, or consider opting for Copy Bots.

Platform knowledge required: Automated trading necessitates familiarity with the software you are using. There is a learning curve before you fully grasp how automated trading systems work. That’s why you can take advantage of Paper Trading (Demo Trading) before trading with real money. This way, you can explore all the features offered by the trading platform. Always read the introduction to the types of bots you are using.

Automated trading is utilized by traders who prefer not to execute crypto orders manually and want to rely on data-driven algorithms to execute orders on their behalf. They set predefined rules and input them into their trading strategy to ensure that orders are automatically executed at a faster pace than manual execution would allow.

There is no specific minimum amount you need to begin trading via B-World. However, there are a few things to consider.

Minimum trading amounts on exchanges: Each cryptocurrency exchange has different minimum trading amounts. Check the minimum trading amounts for your exchange below to see what’s possible.

Subscription to B-World: Can you recoup your investments? If you’re not trading manually via B-World, using an automated trading bot through a subscription comes with a cost. Keep in mind that you will incur this monthly fee for your subscription.

Paper trading: You can always start with Cryptohopper by trading with fake money. This way, you’ll gain a better understanding of how Cryptohopper works and what you can do with it, without risking real money.

Minimum trading amounts on cryptocurrency exchanges

You can find the minimum transaction amounts for each cryptocurrency exchange through the following links:

1. Binance Minimum trade amount
2. Binance US Minimum trade amount
3. BingX Minimum trade amount
4. Bitfinex Minimum trade amount
5. Bybit Minimum trade amount
6. Coinbase Advanced Minimum trade amount
7. EXMO Minimum trade amount
8. Bitget Minimum trade amount
9. HTX Minimum trade amount
10. Kraken Minimum trade amount
11. KuCoin Minimum trade amount
12. OKX Minimum trade amount
13. GateIO Minimum trade amount

Maximum trading leverage in a trading system refers to the limit at which a specific trading pair can be traded. To prevent users from experiencing significant losses in their accounts during downturns, the analytical team of the service has implemented special leverage limits to ensure that coins with high leverage do not enter the market without sufficient capital backing in the account.

Let’s examine how this works in practice through two scenarios:

Scenario 1: 

If a trading pair has a maximum leverage set at 15 and the user has configured their settings to a leverage of 20 across all pairs, trading will commence with a leverage not exceeding 15 for that particular trading pair.

Scenario 2: 

If a trading pair has a maximum leverage set at 15 and the user has their settings configured to a leverage of 10 across all pairs, trading will begin with a leverage not exceeding 10 for that trading pair.

After payment, you gain access to the system for a period of 30 calendar days, regardless of whether you have used the system or not. Once the 30 days have elapsed, you will need to renew your subscription to continue using the system.

The system will remind you and notify you about the need to pay for continued access 5, 3, and 1 day before your subscription period expires.

This means that you can only trade on the specified trading pairs or choose a limited number of trading pairs to enable automated trading within the system. If you wish to trade on a greater number of trading pairs, you will need to select the corresponding subscription plan that aligns with your requirements.

If you cannot find a subscription plan that best fits your balance and risk management approach, please reach out to our support team using the contact information provided in the system. We are confident that we can offer you a solution that meets your needs perfectly.

If you haven’t found a subscription plan that aligns with your balance and risk management strategy, please contact our support team using the contact information provided in the system with your inquiry. We are confident that we can offer you a solution that meets your needs perfectly.

The “Positions” tab in the system shows all currently open positions in your account that have been executed through the platform.

The system displays the following information: 

• The trading pair
• The leverage used when the trading pair was initiated
• The direction in which the position is opened for the given trading pair
• The total amount of money in the open position, including leverage
• The amount of personal funds in the open position, excluding leverage
• The current P&L (profit and loss) for the open position
• The option to manually close the current open trading position
• The exchange where the current position is open

To start earning referral commissions from the referral program, you need to register with the system and generate your own referral link by sending the command /fren to the bot.

You can send this link to your friends or acquaintances, and when they register and pay for the use of the system with one of the subscription plans, you will receive a one-time referral commission ranging from 15% to 25% of the subscription plan cost that the user purchases.

P&L (Profit and Loss) is a metric that indicates the difference between profits and losses in trading.

In simple terms, P&L represents the summary of information regarding your current position, showing how much you have earned. The value can be either positive or negative. Whether you manually close a position on the exchange or through the system, or if a bot closes it at the displayed value, your account will reflect that position’s P&L as it stands, whether it results in a profit or a loss.

In the system menu, you will find the “Referrals” section, which displays information about the referrals who registered using your referral link and their payment status within the system.

If a referral has not yet paid for any subscription plan within the system, their status will show as “Processing.” If a referral has purchased a subscription package, the status will display the amount available for you to withdraw as a reward for bringing that person into the system through your link.

Our system acts as a signal processor, receiving information from our trading analytics system and directly interacting with the exchange.

We have taken into account possible risk management scenarios in the system to ensure that users have limited functions to protect their assets from being depleted due to unforeseen market situations. At the same time, users have access to a variety of flexible trading settings, and they retain complete control over their finances and positions in their accounts.

Therefore, if you choose to close a position earlier than suggested by the trading analytics system, change your API keys, have your API keys revoked, or if a trading pair gets delisted from the exchange, we cannot guarantee that the risk management built into the system will be effective.

As for the question of how much you can lose, the answer is straightforward: if you do not adhere to the risk management guidelines and the recommended collateral for each trading pair, the risk of losing all funds in your account is 100%. This is why we strongly recommend following risk management practices and maintaining a minimum collateral of 1:6 for each trading pair (for every $100 traded on a pair, you should have $600 in your account as collateral).

According to the risk management guidelines in our trading analytics system, we recommend that all our users deposit collateral in a ratio of at least 1:6.

This means that for every $100 on which you open a position, you should have at least $600 in your account as collateral to cover potential drawdowns due to unforeseen market situations, news manipulation, and sharp volatility spikes.

B-World itself does not charge a fee for trading cryptocurrencies. However, it’s important to note that most cryptocurrency exchanges do charge a fee for each transaction you make (for every executed order on the exchange). The specific amount of these fees can vary and should be checked directly on the website of the exchange you are using.

When using B-World for automated trading, you will need a subscription to access our automated trading services. This subscription is offered at a fixed monthly rate, which varies based on the plan you select. You can find the current pricing for our various subscription plans in our system or on our website in the corresponding sections.

B-World does charge a fee for purchases made for services on its platform. Below, we’ve listed the percentage or fixed fees for all supported payment methods: 

• KunaPay: 5% + $0.50
• Whitepay: 5% + $0.50
• Stripe: 5% + $0.50

Leverage (or trading leverage) in trading is a financial tool that allows traders to control a position in the market that exceeds their own funds. Essentially, it is borrowed capital provided by a broker to increase potential profits (as well as risks) from trades.

Here’s how it works:

Leverage Ratio: Leverage is generally expressed as a ratio, such as 1:10, 1:50, 1:100, etc. This ratio indicates how much larger a position a trader can open compared to their own capital. For example, with a 1:10 leverage, a trader with $1,000 in their account can open positions worth $10,000.

Margin: This is the minimum amount of money required in a trader’s account to maintain a position using leverage. If the position starts to move against the trader and the losses approach their margin, the broker may request additional funds (a margin call) or close the position to limit losses.

Benefits and Risks: 

• Benefits: Leverage allows traders with limited capital to participate in significant market movements, potentially resulting in higher profits.
• Risks: However, increased leverage also amplifies risks. If the market moves against the trader, losses can exceed their initial deposit.

Example: Imagine a trader has $1,000 and uses 1:10 leverage. They can open a position worth $10,000. If the price of the asset they are trading rises by 1%, their profit will be $100 (10% of their initial capital). Conversely, if the price decreases by 1%, the loss will also be $100.

Without API keys, you won’t be able to configure the interaction between our system and your trading account on the exchange, as they are the primary means of exchange and security when transferring information between systems.

To provide a general overview, here’s more detailed information about API keys:

API keys on cryptocurrency exchanges are unique identifiers provided by the exchange to users for accessing its API (Application Programming Interface). The API allows for the automation of tasks with the exchange by enabling software applications to interact with the platform without the need for manual commands through the user interface.

Key Functions of API keys:

• Access to information: The API provides access to data about current prices, balances, trade history, orders, and more. For instance, developers can create applications that track cryptocurrency prices in real-time.
• Trading: Through the API, you can send commands to buy or sell cryptocurrencies, manage orders (create, cancel), and perform other trading operations. This functionality enables the implementation of automated trading strategies (bots).
• Security: Each API key generally comes with a set of access permissions (a list of actions that can be performed with the key) and a secret key. Access permissions may include read-only capabilities or full account management, including fund withdrawals. To enhance security, API keys can be restricted by IP address (i.e., access allowed only from specific IPs) and have expiration times.

Examples of API key usage:

• Trading bots: Programs that automatically execute trades on the exchange according to predefined algorithms. These bots utilize the API to interact with the exchange confidently and efficiently.
• Portfolio monitoring: The API allows for obtaining information about balances and asset distribution on the exchange, which is useful for creating reports or visualizing data.
• Arbitrage: Arbitrage bots that monitor price discrepancies for the same cryptocurrency across different exchanges also rely on the API for quick data access and transaction execution.

Important points:

• Security: If API keys fall into the wrong hands, malicious actors can gain access to your account and even withdraw funds if the key has the appropriate permissions. Therefore, keys should be stored securely and not shared with third parties.
• Restrictions and limits: Exchanges typically impose limits on the number of requests made via the API to prevent overload on their servers.

The safety of a trading bot built on the B-World analytical system depends on several key factors. Here are the main reasons why such a bot can be considered secure, along with important aspects to keep in mind:

Reasons why it may be safe:

• Utilization of proven algorithms and analytics: The B-World system is based on sophisticated analytical methods and algorithms for evaluating market data and trends. Established in 2019 and developed by professionals, the system has undergone testing and has consistently demonstrated accuracy in forecasting while automating trades with minimized risks. This makes the use of the bot more reliable, as its decisions are grounded in thorough analysis.
• Automation and absence of emotional factors: Bots eliminate the emotional aspects of trading, which often lead to human errors (such as panic or greed). They strictly adhere to their programmed rules and algorithms, enhancing operational stability.
• API integration: We strictly use only those API keys that grant the minimum necessary permissions, such as trade access but not fund withdrawals. This reduces the risk of asset theft, even if the API keys are somehow compromised.
• Multi-layered security: Our system employs a multi-layered approach to security, including data encryption, two-factor authentication (2FA), and IP address restrictions for API keys. These measures significantly enhance the overall safety of the bot and protect against hacking attempts.
• Monitoring and updates: The B-World platform is continually updated and maintained by a development team, ensuring that vulnerabilities are prevented and trading security is upheld without relying on third-party specialists.

However, you should also consider:

• Risks of automated trading: Even the safest bot can malfunction due to unforeseen market conditions, technical glitches, or errors in exchange algorithms or their API methods (since we interact directly with the exchanges’ APIs). This can lead to losses, especially in volatile markets like cryptocurrencies.
• User’s role: Even with automated systems, traders must understand the risks and oversee the bot’s actions. For example, setting appropriate limits and correct trading parameters is a crucial aspect that can impact overall effectiveness and safety.

Depositing funds onto a cryptocurrency exchange for trading can be done in several ways, depending on the exchange and jurisdiction. Here are some common methods for funding your account using a bank card or cash:

1. Depositing with a bank card

Direct deposit through the exchange: Many cryptocurrency exchanges allow you to fund your account using a credit or debit card. Here’s how to do it: 

• Sign up on the cryptocurrency exchange (for example, Binance, Coinbase, Kraken).
• Complete the identity verification process (KYC), which may involve submitting scanned documents and a selfie.
• Navigate to the deposit section.
• Select the card deposit method, enter your card details, and specify the amount.
• Confirm the transaction. The funds will be credited to your account in the form of cryptocurrency or fiat (such as USDT).

Payment systems and aggregators: Some exchanges work with payment aggregators that accept cards and convert fiat money into cryptocurrency. These platforms often charge additional fees for their services. 

1. Depositing via Bank Transfer
   SEPA or SWIFT Transfers: 

If you have a bank account, you can execute a bank transfer to the exchange’s account. This method typically takes longer (from one to several business days) and may incur fees for international transfers. 

• Choose an exchange that supports bank transfers (like Kraken, Bitstamp).
• Complete the verification process.
• In the deposit section, select bank transfer and receive the exchange’s banking details.
• Execute the transfer through your bank, providing the necessary information.
• Wait for the funds to be credited to your exchange account.

• Using P2P Platforms (Follow exchange instructions carefully)

P2P Trading (Peer-to-Peer): Some exchanges offer P2P platforms where you can buy cryptocurrency directly from other users using bank transfers, cash, or other payment methods. 

• Select an exchange with P2P trading (e.g., Binance P2P).
• Find a seller who accepts your payment method.
• Create a trade request.
• Receive the funds from the seller transferred to your cryptocurrency account.
• Confirm the receipt of funds from the seller and make the payment to the seller using your chosen method (card or cash).

• Depositing via Cryptocurrency ATMs (Risky method if you haven’t used one before)

Using Cryptocurrency ATMs: Many countries have cryptocurrency ATMs that accept cash and dispense cryptocurrency (usually Bitcoin). Here’s how to use them: 

• Locate a cryptocurrency ATM near you using services like CoinATMRadar.
• Follow the on-screen instructions: select the cryptocurrency, enter your wallet address (or use the address provided by the exchange), and deposit cash.
• After the transaction is completed, the cryptocurrency will be sent to the address or account specified.

1. Depositing through E-wallets:

Some exchanges support deposits through e-wallets (like PayPal, Skrill), which can be funded from your card or cash through terminals. You can then transfer funds from these wallets to the exchange.

Important Notes:

• Fees: Ensure you are aware of any fees that may apply at each step, including bank fees, exchange fees, and payment provider charges.
• Security: Only use reliable and trusted platforms for funding your account. Be cautious of phishing sites and fraudulent schemes.
• Legal aspects: In some countries, cryptocurrency transactions may be restricted or regulated by law. Ensure your actions comply with the legislation in your country.

The process may vary depending on the specific exchange and country, so it’s always advisable to follow the instructions and guidelines provided by the platform itself.

When you change your location and move to another country, a cryptocurrency bot can continue to operate without any issues since all actions occur on servers housed in data centers. However, several factors could affect its functionality.

IMPORTANT TO NOTE! All cryptocurrency exchanges monitor not only the bot’s logins but also your logins via LOCAL APPLICATIONS on your devices. If an exchange detects that you have changed your geolocation and are manually executing buy and sell transactions from that location, those actions may be recorded in the system, and your account could face restrictions specifically tied to that location. Importantly, these restrictions would apply to your entire account, not just specific accounts (spot, futures, margin). To avoid such complications, we recommend carefully monitoring your use of exchange applications on your local devices when changing your geolocation. 

Here are the main points to consider:

• Impact on bot functionality

Bot operation on the server: Our system operates on a remote server, so changing your physical location will not affect its performance. The bot will continue executing the designated algorithms and trading strategies regardless of where you are.

 Bot operation on local devices: All actions taken on your local device through the Telegram bot or our app, whether inside Telegram or installed separately, are also conducted through our remote server. Therefore, your geolocation does not matter in this context.
 

Internet connection quality: Your new location may have different quality and speed of internet service, which could impact the bot’s functionality, especially if you are trying to save or modify the bot’s settings or turn it on or off. Button presses may fail to reach the server and, as a result, not be saved.

Time zone: Moving to a different time zone will not affect the bot’s operations, as all actions will be executed based on the server’s time zone in conjunction with the trading analytics system. 

1. Security and access to the exchange

IP address and geographical restrictions: Some cryptocurrency exchanges have strict security protocols that may block access from new or suspicious IP addresses. If you are using an exchange with such restrictions, logging in from a new location could temporarily block your access or require additional authentication.

Two-Factor Authentication (2FA): If you have 2FA enabled, you may be asked to verify your identity via SMS or an authenticator app when attempting to log in from a new location. In the case of the system, it performs actions based on geolocation without such restrictions, and these rules currently do not apply to actions taken on behalf of the system. However, we recommend keeping an eye on cryptocurrency market news on the official exchange sites for any changes.

Possible legal restrictions: Some countries impose restrictions on access to cryptocurrency exchanges or ban certain types of trading activities. If you move to such a country, access to the exchange may be limited or blocked. In this case, the bot may lose access to the exchange and halt trading. However, the system conducts actions based on geolocation without these restrictions at this time. It’s crucial to remain informed about cryptocurrency market updates on official exchanges.

3. Using VPN

Using VPN: If you are concerned about potential blocks or limitations, you can use VPN to maintain your IP address and avoid access issues with the exchange. However, it’s essential to use reliable VPN services to protect your account security.

In most cases, since our system operates on remote servers, your location will not significantly impact performance, and the bot will continue to function as usual. However, if you are using exchange applications on your local device or if the exchange enforces geographical restrictions, additional measures may be necessary to ensure uninterrupted bot operation.

Always ensure that the system has a stable internet connection and up-to-date settings, and be prepared for possible changes in access or functionality related to your new location.

In the settings for trading pairs within our trading analytics system, there is a classification of risk levels concerning risk management. This categorization is made to allow each user to select configurations aligned with their own risk management strategy (particularly the balance allocated for trading). The risk classification is divided into three categories:

1. High risk: This is the riskiest setting, either utilizing high leverage (greater than 20x) or requiring a larger margin to withstand drawdowns when operating the trading system. For this setting, we recommend maintaining a collateral balance of at least 1:11. This means that if you are trading with 100 USDT, you should have 1,100 USDT available as collateral on your trading account for each trading pair.
2. Medium risk: This setting represents a moderate risk level, which may involve some drawdown on the trading balance or a moderately heightened leverage (greater than 20x). For this setting, we advise having a collateral balance in a 1:8 ratio. This indicates that if you are trading with 100 USDT, you should have 800 USDT in collateral on your trading account for each trading pair.
3. Low risk: This setting represents low risk with a moderate leverage level (no more than 20x) and requires a lower level of collateral for the trading balance per trading pair. For this setting, it is recommended to maintain a collateral balance of 1:6. This means that if you have 100 USDT in trades, you should keep 600 USDT as collateral on your trading account for each trading pair.

For newcomers to the cryptocurrency market and those looking to get acquainted with our system, we strongly recommend avoiding trading pairs that exceed the LOW RISK level during the first 2-3 months of using the bot.

Drawdown in trading on cryptocurrency exchanges refers to the decrease in a trader’s capital relative to its previous maximum value. In simpler terms, drawdown indicates how much your trading account balance has declined following a series of trades closed with negative profits.

Key Aspects of Drawdown:

• Maximum drawdown: This is the most significant decline in capital over a specific period. It is calculated as the difference between the peak balance (the highest point) and the lowest point reached after that peak. Maximum drawdown reflects the highest risk the account has been exposed to during trading.
• Duration of drawdown: This is the period of time that has elapsed from the peak balance to the moment the capital recovers to the same level or higher. It measures how long the account has been in a drawdown state.
• Percentage drawdown: This percentage expression of drawdown shows how much the account balance has decreased from its maximum value. For example, if your balance was $10,000 and dropped to $8,000, the drawdown would be 20%.

Causes of drawdown:

• Negative market movements: Sharp changes in the value of cryptocurrencies can lead to significant losses, especially in high-volatility markets.
• Unsuccessful trades: A series of losing trades can substantially diminish the account balance.
• High leverage: Using high leverage amplifies potential losses, which can result in a deep drawdown.

Importance of drawdown management:

• Risk control: Managing drawdown is an essential element of risk management. Traders strive to minimize drawdown to preserve capital and avoid substantial losses.
• Psychological aspect: A deep drawdown can negatively impact a trader’s psychological state, leading to emotional decisions and further losses.

Drawdown is an important indicator that our trading analytics system takes into account when configuring trading pairs to evaluate the effectiveness of its strategies and the level of risk they encounter. It demonstrates how severe temporary losses can be during trading and how successfully the system can recover the balance after such losses. Effective drawdown management helps traders preserve capital and increases the likelihood of long-term success in the cryptocurrency market.

If your internet connection is lost and you are offline, the trading bot in the B-World system can continue to operate seamlessly, as it runs on our servers located in data centers equipped with the necessary security measures, including backup internet channels and power supplies.

Additionally, we recommend checking the trading status in your account to ensure it is active, as well as confirming that you have subscribed to our plans that grant access to trading, to maintain uninterrupted operation.

The term “frozen” can refer to several scenarios based on your understanding of the expression. However, we will try to address a couple of possibilities:

1. There are no active positions in the “Positions” section:
   Most likely, you are experiencing an issue with your API keys connected to the exchanges, or all your opened trading positions have closed down, leaving you with no active positions.
2. Positions are frozen in the “Positions” section and nothing is displaying:
   In this case, click on the three dots in the top right corner of the screen and select “Refresh.” Alternatively, please contact customer support to investigate the cause of this issue on your account.
3. There are positions displayed in the “Positions” section that I don’t actually have on the exchange:
   This is likely due to cached results in your browser that need to be refreshed. Click on the three dots in the top right corner of the screen and select “Refresh,” or reach out to customer support to find out the cause of this discrepancy on your account.

Access to the Bot has been lost for more than half a day:
This may result from your subscription to the paid package having expired or being inactive. Please purchase a subscription or contact customer support for clarification regarding this issue with your account.

Currently, the trading system (bot) offers the capability to trade exclusively in the futures market. This feature enables users to utilize leverage and trade with higher volatility, which can be particularly appealing for those seeking increased returns despite the elevated risks involved.

Spot and futures trading in the cryptocurrency market are two distinct ways to interact with assets, each having its own characteristics, risks, and trading approaches. Let’s take a closer look at the main aspects and differences between them.

1. Definition and essence
   Spot Trading: 
   • What it Is: Spot trading involves the immediate execution of a transaction at the current market price. When you buy or sell cryptocurrency on the spot market, the assets are transferred directly into the buyer’s ownership.
   • Essence: When you purchase cryptocurrency on the spot market, you essentially become the owner and can store it in your wallet or on the exchange, sell it, exchange it, or withdraw it at any time.

Futures Trading: 

• What it is: Futures trading involves contracts that obligate the buying or selling of an asset at a predetermined price in the future. The asset itself may not actually transfer to the trader until the contract is executed.
• Essence: Futures allow traders to speculate on the price movements of cryptocurrencies without directly acquiring the asset. These contracts can be settled (executed) in the future, or the trader may sell the contract before its expiration.

1. Asset ownership
   Spot Trading: 
   • Ownership: After purchasing cryptocurrency on the spot market, you become the full owner. You can transfer it between wallets, sell it, or hold it while waiting for price appreciation.

Futures Trading: 

• Ownership: Futures contracts do not imply actual ownership of the asset until the contract is executed (if it’s executed at all). You are trading contracts that reflect the price of the asset but not the asset itself.

1. Use of leverage
   Spot Trading: 
   • Leverage: High leverage is rarely used in spot trading, or it is significantly lower compared to futures trading. Traders typically operate using their own capital, which reduces risk but also limits potential profits.

Futures Trading: 

• Leverage: Futures markets often employ high leverage (up to 125x on some exchanges), allowing traders to open positions significantly larger than their actual capital. This increases potential profits but also greatly amplifies risks.

1. Risks
   Spot Trading: 
   • Risks: The primary risk is the depreciation of the purchased asset. However, you cannot lose more than you invested, and you have the option to hold the asset for as long as you wish.

Futures Trading: 

• Risks: High leverage increases the risk of losing your entire capital, and sometimes more than you initially invested. Additionally, there is a risk of forced liquidation (margin calls) if the market moves against you.

1. Strategies and goals
   Spot Trading: 
   • Strategies: Best suited for long-term investors who want to own the asset and profit from its appreciation over time. Strategies are generally focused on accumulating cryptocurrency.
   • Goals: To buy low and sell high; accumulating cryptocurrency for long-term objectives.

Futures Trading: 

• Strategies: Ideal for short-term and medium-term traders looking to speculate on price movements, using leverage to maximize profit potential.
• Goals: To profit from price fluctuations in the short term as well as hedging risks.

1. Commissions and fees
   Spot Trading: 
   • Commissions: Fees in the spot market are typically lower and are charged with each transaction (purchase or sale). They are fixed and depend on the transaction volume and the exchange policy.

Futures Trading: 

• Commissions: Futures markets may have higher fees and often include a cost for maintaining positions (financing), especially if positions are held for extended periods.

1. Trading time and liquidity
   Spot Trading: 
   • Time: Transactions in the spot market are executed immediately. Liquidity is generally higher for popular cryptocurrencies, allowing trades to be completed almost instantaneously.

Futures Trading: 

• Time: Futures contracts may have specific expiration dates. Liquidity can vary depending on the specific contract, which can sometimes affect the speed of trade execution.

Both spot and futures trading offer different approaches to interacting with cryptocurrencies. Spot trading is more conservative and focuses on long-term asset ownership, while futures trading allows traders to leverage their positions for greater profit potential (with associated higher risks) and speculate on short-term price changes. The choice between these markets depends on your goals, experience, and risk tolerance.

You can close positions opened by the trading system in two ways:

1. On your exchange account: Go to the trading section (or derivatives or futures) and find the open position you want to close. Click on the “X” button or the “Close” button.
2. In the system: Navigate to the “Positions” screen, click on the three dots in the top right corner of the open position window, and select “Close Position.”

The percentage fees charged by cryptocurrency exchanges for trading on spot and futures markets can vary depending on the specific exchange, the trader’s level of activity, and the type of trading instrument used. Here is an overview of the potential fees applicable in these markets.

Each exchange has its own fee structure based on your account level and privileges. You can review these details directly on the website of each exchange: 

• Binance
• Bybit
• KuCoin
• MexC
• Bitget
• GateIO
• HTX
• OKX
• Coinbase PRO

For a more detailed look at the fees, see below:

1. Fees for spot market

Trading Fees: On the spot market, fees usually range from 0.1% to 0.25% per transaction. These can differ for buyers (takers) and sellers (makers): 

• Taker Fee: This is the fee paid by a trader who removes liquidity from the market by executing an existing order. It can range from 0.1% to 0.25%.
• Maker Fee: This is the fee for a trader who adds liquidity to the market by placing an order that is not executed immediately. This fee is typically lower, ranging from 0% to 0.15%. 

For instance, on Binance, the standard fee is 0.1% for both types of orders, but it can be reduced if paid with Binance Coin (BNB) or when a certain trading volume is reached.

Discounts: 

• Trading Volume: Many exchanges offer reduced fees for traders with high trading volumes. The greater the trading volume over a specific period, the lower the fees.
• Exchange Tokens: Some exchanges, like Binance, offer discounts on fees if you pay them using the exchange’s own tokens (e.g., BNB).

1. Fees for futures marketTrading Fees: In the futures market, fees can be slightly lower than those in the spot market. For example, on Binance Futures, standard fees may be 0.04% for takers and 0.02% for makers. These fees can also vary based on trading volume and the use of exchange tokens for fee payments.

   Funding Fees: One of the key features of the futures market is the funding mechanism. These are periodic payments exchanged between traders with long and short positions, based on the difference between the futures contract price and the spot price of the asset. Funding can be either positive or negative, meaning traders can either receive or pay funding based on the direction of their positions and the current funding level.Discounts and Privileges: Similar to the spot market, traders can receive discounts on futures fees if they achieve specific trading volumes or utilize exchange tokens.

1. Other feesWithdrawal Fees: In addition to trading fees, exchanges also charge fees for withdrawing cryptocurrency from the platform. This fee depends on the type of cryptocurrency and the current network fees.

   Margin Fees (for Margin Trading): If you engage in margin trading (on either the spot or futures market), the exchange may impose additional fees for borrowing funds. These fees can vary and typically depend on the amount and duration of the borrowing.

Conclusion

Fees on cryptocurrency exchanges depend on various factors, including the type of trading (spot or futures), trading volume, and the use of different discounts and exchange tokens. It’s important to consider these fees when developing your trading strategy, as they can significantly affect overall profitability. For example, spot market fees are typically higher than those for futures, but futures trading comes with additional risks, such as funding fees and the possibility of liquidation.

The number of trading pairs you can simultaneously launch on your accounts through the system depends on the subscription plan you have selected.

To clarify which trading pairs and how many you can activate on your account, please head over to the “Packages” section.