From zero to automated trading in five steps
1
Sign up with BitBrokerTrade
Create a free account on the BitBrokerTrade platform. Signing up only takes a few minutes. All you need is a valid email address.Once you are logged in, you see the dashboard and the menu sections that guide you through the next steps. Want to know what you will see after logging in? Read First login and menu.
2
Create an account at an exchange
To be able to trade, you need an account at an exchange, a crypto exchange where you can convert euros into cryptocurrencies and vice versa. Think of it as a bank account, but specifically for crypto.BitBrokerTrade works with the following exchanges:Create an account at the exchange of your choice, verify your identity and deposit euros into your account. The exchange pages in this documentation guide you step by step through this process.
Bitvavo
Binance
Bybit
Bitstamp
Coinbase
KuCoin
3
Connect BitBrokerTrade to the exchange
Once your exchange account is active and contains a balance, you connect BitBrokerTrade using an API key. API stands for Application Programming Interface, the technical bridge that lets two software systems communicate with each other.
You request an API key through your exchange account settings and then enter it in BitBrokerTrade under Settings → Exchanges → Add exchange. Detailed instructions per exchange are available in the Exchanges chapter.
What exactly is an API connection?
What exactly is an API connection?
Imagine a lamp and a power strip. The lamp only works when you plug it into the power strip, which then supplies electricity to the lamp. An API connection works in the same way: instead of electricity, data is exchanged between two software systems. Through the API key from your exchange, BitBrokerTrade can communicate with your account and send buy and sell instructions.
Through the API connection, the trader can never transfer money to a third-party account. The software may only adjust the composition of your exchange account: exchanging euros for crypto or vice versa. You always withdraw money to your bank account yourself through the exchange.
4
Configure the trader
Set the parameters for the trader in the Traders menu. This includes, for example, the minimum return percentage a position must reach before the trader sells. More explanation about all settings is available on the Trader settings page.Once the trader is active, the software starts collecting trading data and analyzing price movements based on the MACD method.
How large is a transaction? By default, the trader invests 18% of your available euro balance on your exchange account per purchase. With a balance of € 1,000, the trader trades with roughly € 180 per transaction. This ensures spread across multiple positions. The minimum transaction size is € 25.
How does the MACD method work?
How does the MACD method work?
MACD stands for Moving Average Convergence Divergence, a technical indicator that recognizes upward and downward price trends. The indicator consists of two lines:
- The MACD line: the difference between the moving average of the past 26 days and that of the past 12 days.
- The signal line: the exponentially measured average of the past 12 days.
5
Start earning
You are ready. The trader now runs 24/7 for you: it buys during an upward price trend and sells as soon as the return on a position exceeds your set target percentage and a downward trend is visible.Track your results live through the Dashboard. Here you see, among other things, your total gross profit, open positions and completed sell transactions.
View dashboard
Understand all figures and statistics in your personal dashboard.
Buy transactions
View all active positions the trader has opened for you.
Frequently asked questions about how it works
What is an exchange?
More explanation about crypto exchanges and which one suits you.
What is a trader?
Everything about how the trader software works and what to expect.
Pricing and credits
How does the no-cure-no-pay system work and how many credits do you need?
FAQ general
Answers to the most frequently asked questions from users.