Welcome To Veles: Let’s Start Your First Trading Bot

Picture this: you’re scrolling through social media and see Dogecoin soaring after Elon Musk’s tweet, or reading Bitcoin news where the price is breaking records again. Cryptocurrencies are no longer just a trend, but a whole world full of opportunities. So, where to start if you’re a beginner?

Bitcoin, altcoins, memecoins like Shiba Inu, the greed and fear index – the terms are pouring out like a horn of plenty, and your head is spinning. Don’t worry!

This article is your guide to the basics of crypto trading, where we will take a detailed look at how Veles trading bots work and how they can help you get started stress-free.

Cryptocurrency began with Bitcoin in 2009, when someone using the pseudonym Satoshi Nakamoto created the first decentralized currency. Since then, thousands of altcoins have emerged, including memecoins — joke but sometimes very profitable assets like Dogecoin and Shiba Inu. In this article, we will look at how Veles trading bots can be your assistant in this volatile but exciting world, and why they are ideal for beginners.

What are Trading Bots, and Why are They Needed?

A cryptocurrency trading bot is a program that automatically buys and sells assets on the exchange according to the rules you set. Imagine a robot that monitors the market 24/7 while you sleep or drink coffee. Bots like Veles use indicators like RSI or Bollinger Band to find the best moments for trades.

Why is this great for beginners? First, bots save time: you don’t have to stare at charts for hours wondering if Bitcoin will go up or down. Second, they take the emotion out of it. You know how it is: the price of Dogecoin drops, you panic and sell, and an hour later it soars? A bot trades according to a strategy, without giving in to fear or greed. Third, with bots, you can test strategies on historical data. It is like a training ground before real trading.

Your Crypto Guide

Veles is an algo trading platform that helps create the best crypto bots. It supports over 250,000 traders and works with major exchanges such as Binance, Bybit, and OKX. What makes Veles special? Here are a few of its features:

• Ready-made strategies: No need to be a trading guru. Choose a strategy, for example, for memecoins, and the bot will start working. There are even strategies with a minimum deposit of $30!
• Risk management: Functions like stop-loss (limits losses) and take-profit (fixes profits) help you sleep peacefully.
• Registration bonus: New users get $10 to test the platform – a great way to try it out without any investment.
• Customization: Want to customize the bot for yourself? Veles supports indicators such as CCI and strategies like martingale.

The platform does not charge more than $50 per month in fees, making it accessible even for beginners.

Dogecoin, Shiba Inu, and Their Magic

Memecoins are cryptocurrencies born out of jokes or internet culture. Dogecoin, for example, came to market in 2013 as a parody, but became a hit thanks to the support of Elon Musk and an active community. Shiba Inu, nicknamed the “Dogecoin killer,” also took off thanks to hype and growth forecasts. These coins are incredibly volatile: the price can double in a day or collapse by 20%. That’s why trading bots like Veles are a godsend for working with them.

Through integration with exchanges, Veles allows you to trade memecoins using automation. For example, the bot can buy Dogecoin at the support level (the lowest point of the price) and sell at the resistance (the highest point), minimizing risks with stop loss. It is especially useful considering how quickly market sentiment changes. The greed and fear index often signals sharp swings.

What Does a Beginner Need to know?

Before launching the Veles bot, let’s look at a few terms so that you feel more confident:

• Spot price: This is the current price of an asset on an exchange, for example, how much is Bitcoin worth in USDT right now. Spot trading is buying/selling without leverage.
• Bulls and Bears: Bulls are those who wait for prices to rise and buy, and bears are those who bet on prices to fall (short trading).
• RSI Index: An indicator that shows whether an asset is overbought (above 70) or oversold (below 30). Helps to understand when the price may reverse.
• Staking: It’s like a bank deposit, but for crypto. You “freeze” the coins and earn interest (APR in crypto is the annual percentage yield).
• Mempool: A queue of unconfirmed transactions on the blockchain. If the mempool is full, transaction fees increase.
• Fiat money: These are regular currencies, like rubles or dollars, as opposed to cryptocurrencies.

These concepts will help you determine which altcoins to buy and how to read the market. For example, if the Bitcoin news is talking about a fall, and RSI shows oversold, this may be a signal to buy.

How to Start with Veles?

Ready to give it a try? Here’s how to start trading with Veles:

• Registration: Go to Veles, create an account, and get a $5 bonus.
• Selecting an exchange: Connect the exchange (e.g. Binance) where your favorite coins like Shiba Inu are traded.
• Choosing a strategy: Start with the finished one, for example, for memcoins. Try the strategy with a low deposit ($30-50).
• Bot setup: Set stop loss and take profit to limit risks. You can add indicators like RSI.
• Testing: Use backtesting to test the strategy on historical data.
• Launch: Enable the bot and follow the results in a user-friendly interface featured by Veles.

Advice: start with small amounts that you don’t mind losing. The crypto market is volatile, and even the best crypto bots don’t guarantee 100% profit.

Your First Step into the Crypto World

Trading cryptocurrency is like surfing: the waves (prices) rise and fall, but with the right equipment (bots), you can catch the wave. Algo trading platforms like Veles make the process easier, especially for beginners. They help manage risk, save time, and allow you to trade even volatile memecoins like Dogecoin and Shiba Inu without panic.

Veles stands out with ready-made strategies, a registration bonus, and support for popular exchanges. But remember: cryptocurrencies are a risk. Don’t invest more than you’re willing to lose, and always study the market. Start small, experiment with bots, and enjoy the process. Who knows, maybe your first bot on Veles will catch the next Dogecoin surge?