How to auto trade the best cryptocurrency with Dcypher

Dcypher Auto Trade is a new feature that simplifies when to invest in cryptocurrencies using either a single click or complete trade automation. Dcypher Auto Trade helps you to buy the dip or sell at the peak without the stress.

Note: Dcypher Auto Trade only integrates with Binance and Coinbase trading platforms. Trading carries inherent risks, please consult with a finance professional before proceeding.

Important Preparation Steps:

  1. Create a new account with Binance or Coinbase that will be dedicated to Dcypher Auto Trade and complete their onboarding processes until the account is verified. 

  2. Whilst using Dcypher Auto Trade it is important that you use a dedicated trading account and do not use this account for any other trading purposes or assets otherwise these assets could be inadvertently auto traded. 

  3. Transfer funds into your dedicated exchange account. To auto trade on Binance you will need BUSD and on Coinbase Pro USDC or USDT.

  4. Go to the next section to configure auto trade.

 

How to set up Dcypher Auto Trade with Binance

 

Binance - get the API Key and API Secret

  1. Go to your Binance Account Profile and select API Management from the dropdown options. Or go to Account Profile, click Dashboard, click Settings and select API Management.

  2. Enter a label name for the API Key (pick any name eg. Dcypher) and click Create API.

  1. Complete email and phone verification. API key, API Secret and API QR Code are now created. Make sure that the "Enable Spot & Margin Trading" option for the API key is enabled and the IP access is unrestricted. Leave this screen open.

 

Configure Dcypher Auto Trade with Binance

  1. In the Dcypher application, go to Settings -> Manage Crypto Exchanges. 

  2. At the top of the screen touch Choose Exchange to open the dropbox and select Binance. You will see a tick next to Binance once selected, then hit OK.

  3. Scan the QR code or enter the API Key and API Secret from the Binance API Management screen in the previous section.

  4. Click Add. Exchange is added. Your account is now ready to Live Trade.

  

 

How to set up Dcypher Auto Trade with CoinbasePro

 

CoinbasePro - get the API Key, API Secret and API Password

  1. Go to your Coinbase Pro Profile Information and select API from the dropdown options.

  2. Click +New API Key.

  1. Enter API Key nickname, edit desired Permissions (the API key needs to have View and Trade permissions, but not Transfer, as this option will make it possible for the API key to transfer funds from the wallet) and click CREATE API KEY. Take note of the Passphrase (this will be used as API Password in Dcypher app). 

  1. Check for SMS, and enter a 2-step verification code. API Key is successfully created. API Secret is displayed. Note that API Secret will not be shown again, store it in a safe place. Click Done. API Key is shown below the Default Portfolio label. Copy the details to a protected electronic document that can easily be shared with your phone.

img-fluid

 

Configure Dcypher Auto Trade with CoinbasePro

  1. In the Dcypher application, go to Settings -> Manage Crypto Exchanges. 

  2. At the top of the screen touch Choose Exchange to open the dropbox and select Coinbase Pro. You will see a tick next to Coinbase Pro once selected, then hit OK.

  3. Enter the API Key, API Secret and API Passphrase created in CoinbasePro API Settings. 

  4. Click Add and Exchange is successfully added. Your account is now ready to Live Trade. 

      

 

Build a list of cryptocurrencies that you want to auto-trade

Auto Trading does not start trading without you first selecting a coin to trade. To select a coin to auto trade, please do the following

  1. There are 3 ways to choose a coin to Auto Trade;
    • Auto Trading (home) tab and from the top filter select crypto. This now shows is a complete list of all coins that our algorithms have determined as a buy or sell oppportunity. Go to step 2.
    • Market Analysis (second tab), find the coin you like, swipe left and press the rocket.
    • Watchlist, select a coin and press the rocket
  2. If selecting from Auto Trading (home) tab, find your preferred coin and expand the detail.
  3. Below the description select the Auto Trade button with a rocket image.
  4. Default this is set to Paper Trade so you can use virtual money, no risk. Slide the button to change to Live Trade if you are ready to invest real money.
  5. Select Exchange and select Binance or CoinbasePro as configured in an earlier step and OK.
  6. Choose a Trading Strategy.
  7. Select $ or % for Amount In and enter a respective value
  8. Accept the Terms of Service
  9. Press Start Auto Trading. Dcypher app will now manage this coin and automatically buy or sell according to the selected Trading Strategy.

 

Set up your phone for Live Trade notifications

  1. In the Dcypher application, go to Settings -> Manage Profile

  2. Set the Country and enter the phone number.

  3. Enter the verification code sent via SMS and click Proceed. Your account can now receive notifications via Email and SMS/Text when trades happen.

       

 

Got a question, please contact us;