Content sponsored by CryptoWhale
An alternative to operate with bitcoin and other digital currencies are autotrading platforms like CryptoWhale. It is one of the first companies in the Hispanic market that allows you to connect your Binance Spot and Binance Futures account with Cornix, an automated trading system. Being a trading bot, you can trade cryptocurrencies without having to invest all your time or energy watching the market. The software will take care of the heavy lifting.
But should you trade CryptoWhale? Find out with this review we have for you, where we will tell you what you need to know about this Telegram channel.
Table of Contents
What is CryptoWhale?
It is a Spanish-speaking Telegram channel used to do automatic trading of bitcoin and other cryptocurrencies.
If you wonder what it is Autotrading, it is a type of operation where the CryptoWhale trader opens operations in his own Binance Spot or Binance Futures account and these operations are replicated in the account of its users thanks to a tool called Cornix, which is what allows you to connect your Binance accounts with CryptoWhale.
In this way your clients do not have to personally open operations, if they do not want, since all operations are carries CryptoWhale. This is an advantage for users who do not understand trading or do not have time to trade.
The user only has to connect their Binance Spot account and Binance Futures, with CryptoWhale through Cornix from Telegram and in this way you will begin to benefit from the advantages of automated trading.
CryptoWhale is useful for those traders who are starting in the world of cryptocurrencies, since it is a simple and practical platform that allows you to save time and effort when operating in the digital currency market. Telegram is the means used to link your accounts with Cornix, a software that we will talk about later in detail.
Something interesting about CrytoWhale is that, Beyond being an autotrading channel, it also has several . It has video-tutorials that help you quickly understand how to use the channel, configure the Cornix bot and tricks to get the most out of this tool.
One The advantage you get when trading with this Telegram channel is that you can learn from experienced traders and acquire new ideas and strategies. In this medium they share technical analysis, trading signals, relevant market news and other factors that will be useful to decide when is the right time to sell or buy crypto assets, and thus obtain greater profits.
CryptoWhale also has a Telegram channel where the results of all operations are automatically published.
Keep in mind that is not a “magic” solution to earn money . In fact, CryptoWhile makes the following notice on its website: “ Trading cryptocurrencies is especially high risk. Please do not invest or trade more than you can comfortably afford to lose. CryptoWhale is not a financial or investment advisor. We are a community focused on trading and education about cryptocurrencies ”. So before you rush, make sure you have enough knowledge to operate in a market as volatile as bitcoin and other crypto assets.
To Link CryptoWhale with your exchange account, the API Key is required. When entering it in Telegram, it is important that you do not check the “enable withdrawals” option. Otherwise, the application could hijack the funds without you wanting to .
CrytoWhale as a tool for autotrading with Cornix
As we mentioned earlier, CryptoWhale makes use of the Cornix bot to do autotrading. One benefit of trading bots is that they take care of the heavy lifting for you. However, it is important that you understand what they are and how they work exactly.
What is Cornix?
It also updates you in real time, how each operation is going, through a Telegram channel that is created automatically or through its own app. Your system is capable of analyzing hundreds of signals in a short time , to suggest the best trading strategies. It works with exchanges such as Binance, ByBit, Huobi and BitMEX.
They offer three plans, basic, intermediate and advanced, which, according to their website, have a monthly cost of USD 19.90, USD 26.90 and USD 38.90 respectively. CryptoWhale recommends intermediate or advanced plan to trade.
Good news. Cornix offers you 14 days free trial . In this way, before hiring any service, you can make sure that it is a software that adjusts to your needs and that allows you to operate in the market safely and efficiently.
With Cornix it is possible to adjust certain parameters that come by default in the operation that the CryptoWhale trader has configured. It is possible to adjust the parameters of each operation, be it the percentage of entry, stop-lost, number of input targets and others. On the CryptoWhale website you will find a tutorial that explains step by step how to perform these manual bot configurations.
If you want to better understand how Cornix works with CryptoWhale, this video explains it clearly: https://youtu.be/woZ0SPbS_Tk
The importance of trading signals
The Bots are not the only important element in bitcoin autotrading. Trading signals also play a fundamental role, so you need to understand what they are about. Trading signals are defined as the trigger that tells a trader when is the right time to open a trade . It is an emerging pattern in the market that can be detected by an analyst or an automated program, such as a bot.
So, the trading signals are an essential element for the bot to decide when and how to operate in the market. There are different types of signals, such as buy and sell signals. The purchase ones indicate that, after an event or condition, it is time to buy a particular asset, as its value is expected to increase. Sell signals indicate the opposite of buy signals. They show you when is the best time to sell an asset, because due to poor market performance, its value will decrease.
With which trading platforms does CryptoWhale operate?
You can trade bitcoin with CryptoWhale using exchange accounts like Binance Spot, Binance Futures and ByBit . On Binance they trade with the BTC pair, while on Binance Futures with USDT. The advantage of this last platform is that it allows you to trade in long or in short
, that is, whether the value of the Asset increases as if decreases.
What is the price of CryptoWhale Autotrading ?
Currently, they have available on their website 3 subscription plans . The first is “Autotrading lifetime signals, operated with Cornix”. Their price is 0.03 BTC, but at the moment they have a 33% discount with what price final is 0.02 BTC (a single payment is made and the service is for life). Includes autotrading on Binance Spot and Binance Futures, daily analysis of bitcoin and the crypto market, and support 24 hours a day.