Updated June 24, 2020

If you are satisfied with what you see in the simulator it is now time to do some real trading. This means that instead of using the simulator you will be using a live exchange and trading cryptocurrency for real profits. 

Step 0 - Obtain Cryptocurrency

You will need to have some cryptocurrency to place in your Binance exchange. This cryptocurrency must be exchanged into the cryptocurrency Tether (USDT) to make trades with WealthyBot. You can obtain the main cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) from inside the Binance exchange directly or services like Coinbase a Bitcoin ATM Local Bitcoins and or CashApp.

Once you have purchased some cryptocurrency if it is outside of Binance you will then need to transfer it to the Binance exchange. If you are unfamiliar with what an exchange is and how to transfer cryptocurrency etc. we recommend that you take the time to read the Cryptocurrency Bible linked here.

Step 1 - Open Your Exchange Account
Open an account at Binance.com or Binance.us depending on your country. This is the exchange we are currently working with that offers the best level of flexibility for WealthyBot. If you are out of an approved country for Binance due to the world crisis consider using a VPN service.

Step 2 - Fund Your Exchange Account
Fund your exchange wallet with Tether (USDT). All trading in WealthyBot takes place in USDT also known as Tether. Tether has a 1/1 ratio with the U.S. Dollar and is a stable coin meaning it does not fluctuate with the market. You can send BTC, ETH, LTC, ETC, BNB, or EOS to Binance and exchange it for USDT Tether directly. This will fund your Binance wallet with Tether making that amount available for WealthyBot to make trades with.  

Step 3 - Add Your API to Wealthybot
Return to Wealthybot and setup your Binance exchange by adding your Binance API to WealthyBot in order to link them together. Be sure to choose the correct exchange in your settings. Binance US API's do not work in the Binance.com fields and will throw an error. If you get an error with you API's it's most likely that you have selected the wrong Binance.
Here is a tutorial on how to obtain and link your Binance API.  

Step 4 - Add Credits to WealthyBot
After linking your Binance exchange account you will need to add credits to WealthyBot. You must have credits in your account before WealthyBot will close a live trade.

Important: Wealthybot will make "live" trades if it detects USDT in your exchange account after you integrate your API even when you do not have credits, however, it will not close these trades for profit until you add credits.

WealthyBot fees are paid in credits. We are working on more gateways for you to purchase credits in Wealthybot. Here are the current methods:

You choose Visa and Mastercard, wire transfer the funds, or use any of the other gateways presented here.

Reminder: Do not transfer your investment capital to Wealthybot, that must go in your Exchange i.e. Binance in the form of Tether USDT. This is only to add credits to WealthyBot. You must have credits in Wealthybot to do real trading since Wealthybot gets paid when you make a profit and only then.


Step 5

Once you have added credits you can now create a live "Trader" by going to Settings>Traders>
Press the "Add a Trader" button in the top right.
Name the Trader (this can be anything).
Select the correct Binance Exchange you just integrated.
Select your Market trading pair i.e. BTC/USDT or ETH/USDT
Select WealthyBot or UpDown as your trading strategy.
Enter your minimum profit percentage.
Note: Do not make this field less than 1% we recommend 3% - 4% WealthyBot will attempt to hold a position until the market changes if profits exceed the percentage you select here. 

Understanding Trading Strategies

The Wealthybot trader setting will not buy or sell on the high/low but will attempt to find the medium that is close to these points. This allows for a lower probability of risk of loss overall.

The High Low setting will sell the position whenever you have reached the exact percentage of profit that you have indicated in your trader. It will not attempt to achieve a higher percentage. The High and Low setting will also make a purchase every 1.5% exchange rate difference. I suggest setting a SIM for both of these trader options to see which one would be more beneficial for your portfolio desire.

Leave everything else as-is. You are done!

You can also add another "Market" pair by repeating Step 5.

Final Note

WealthyBot currently works with Binance.us and Binance.com the following cities and countries are restricted from using Binance.

Alabama (AL), Connecticut (CT), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Louisiana (LA), New York (NY), North Carolina (NC), Texas (TX), Vermont (VT) and Washington (WA), Belarus, Burundi, Central African Republic, Cuba, D.R. Congo, Iran, Iraq, Libya, North Korea, Russia, Somalia, Syria, South Sudan, Venezuela, Yemen, Zimbabwe.

If you are in these locations due to the world situation but they are not your place of residence and you still want to use WealthyBot you will most likely need a VPN.

Here are the easiest paths to get started with WealthyBot based on their respective countries.

Europe

Open Binance.com Account and link your API to WealthyBot

Use one of the multiple gateways methods made available to buy Wealthybot credits

United States

Open Binance.us Account and link your API to WealthyBot

Access Visa and Mastercard to fund Wealthybot with credits

Australia

Open Binance.com Account and link your API to WealthyBot

Access Visa and Mastercard to fund Wealthybot with credits

Canada

Open Binance.com Account and link your API to WealthyBot

Access Visa and Mastercard to fund Wealthybot with credits

United Kingdom

Open Binance.com Account and link your API to WealthyBot

Access Visa and Mastercard to fund Wealthybot with credits

Did this answer your question?