You can hold your funds in a variety of cryptocurrencies and stablecoins, including BTC, SOL, ETH, USD, USDT, or USDC. The specific options available to you will depend on the chosen exchange and your trading strategy.
Supported Currencies for Holding Funds
When managing your portfolio, Cryptobots supports holding funds in several key digital assets. These include:
Bitcoin (BTC): The leading cryptocurrency. For strategies involving Bitcoin, see our Bitcoin Bots.
Solana (SOL): A high-performance blockchain platform. Explore strategies with Solana Bots.
Ethereum (ETH): The second-largest cryptocurrency by market cap. Learn more about Ethereum Bots.
United States Dollar (USD): A fiat currency option.
Tether (USDT): A popular stablecoin pegged to the USD.
USD Coin (USDC): Another widely used stablecoin pegged to the USD.
Factors Influencing Your Currency Choice
The ability to hold funds in specific currencies is determined by two main factors: the exchange you are using and your chosen trading strategy. Different exchanges may support varying sets of cryptocurrencies and stablecoins. Similarly, certain trading strategies are optimized for particular assets.
Tip: Your trading strategy, such as those that aim to hold USD profit via Bitcoin derivatives or Ethereum derivatives, will dictate which base and profit currencies are most suitable.
Related Resources & Next Steps
Understanding the supported currencies is a key step in managing your trading activities. To further enhance your experience, consider the following resources:
If you're new, start with our Get Started guide.
Learn how our system handles balances for each trade in Does the System Use Your Entire Balance for Each Trade?
Understand the potential for losses in Does the bot experience losses during trading?
For more general information, visit the Cryptobots homepage.