Veles

Veles – is a cloud-based platform for creating trading robots for trading on Binance markets. Users do not need to download and install anything on their PC. All the work of creating a bot takes place online. Once created, the assistant can be connected to any market Binance and start the automatic cryptocurrency trading.

One of the advantages of Veles bots is their focus on regular traders. Not only a professional, but also a novice trader can create an assistant here. The simple and straightforward interface makes the platform accessible to traders of all levels. In this review, let’s look at what makes the platform stand out for creating cryptobots Veles Finance, what advantages it offers and how to create your assistant here. Also, let’s find out if Veles is a scam or a reliable service to help traders.

 

 

Registration Veles

Registration on the platform veles.finance will take no more than 5 minutes. Creating an account is completely free and does not require you to enter sensitive data, such as a credit card number or passport scan. To create an account, click the “Register” button in the upper right corner of the page. After that, enter your email address and password on the registration form. After filling in the data, click “Register”. After registering, you will be automatically redirected to the authorization page. Now all that remains is to log in to your account. Confirmation of the email address is not required.

 

 

Trading platform veles.finance

Trading platform veles.finance – is a simple and convenient service for trading on the Binance markets (How to Make Money on Cryptocurrency?). The service does not require the installation of special software, all work to create and run the bot is done in your browser. The platform is available in two languages – English and Russian. The trading assistant created on the platform can trade any assets available on Binance. The robot opens and closes trades independently, following the established algorithm. One of the advantages of the service is the absence of subscription fees. You pay 20% of profit, but no more than 50 USD per month. Everyone can create and run a bot here, because it does not require any additional skills or knowledge of programming languages.

To create a trading robot, log into your personal cabinet and click “Create”. Select a trading platform (BINANCE SPOT, BINANCE FUTURES or BINANCE COIN). Generate API key or indicate an existing one. The next step is to select the algorithm of the bot. The available algorithms – long and short. After selecting the algorithm, select an asset for trading, set the deposit within which the robot will trade. Next, you need to install the settings. You can choose one of the working modes created by the service specialists or set personal settings (for experienced traders).

After setting the initial settings, you need to select a profit. It is recommended to set the values from 0.5 to 0.8% for the bot to make more cycles. Further it is necessary to set filters by which the bot will define an entrance point. This finishes the setting up of the bot. After setting all the parameters, click “Create bot” and give it a name. The bot will now be displayed in your personal cabinet in the “My Bots” tab. You can launch it at any time. Also on this page you will find ready bots with various parameters. Before creating a bot, you must already have a registered and verified account on crypto exchange Binance. Also, the platform must have available tools for the work of the robot.

 

Robot signals

The bot uses an algorithm to find an entry point by signals. Trading robots veles.finance use signals:

• RSI – the indicator shows the degree of oversold or overbought asset on a scale from 1 to 100. To determine the entry point, the bot calculates the amplitude of fluctuations and the strength index, on the basis of which it determines the entry point. The bot opens a deal when it receives a signal to buy or sell.
• Bollinger Bands is an indicator based on the price channel with a midpoint price line. The signal to open a trade is given to the robot when the price breaks through one of the price channel lines.

The robot also uses the following signals: CCI, Stochastic, Keltner Channel, SMA, EMA, MACD, Balance of Power, Tick Signal, Fast Stochastic.

 

Veles demo account

The company does not offer a demo account with testing of the trading robot. The bot is launched only if there is an established deposit. The minimum deposit for launching on Binance is 100 USD.

 

Mobile application

There is no mobile app, but the website is fully adapted for all mobile devices.

 

Bonuses from VELES cryptocurrency trading robot

The platform for creating automated trading robots offers clients bonuses and a referral program.

Welcome Bonus

Every new user registered through a referral link gets a welcome bonus of 10 USD from VELES. This money can be used to pay service commissions after you top up your account.

Referral program

To participate in the referral program of the platform, you need to generate an affiliate link in your personal cabinet. Share this link with other traders and get up to 50% of your referrals’ profits.

 

 

Deposit and withdrawal of earnings at veles.finans

Recharging on the platform is necessary to pay the commissions of the service. VELES does not have access to your accounts on the Binance platform, so you need to top up your balance on veles.finance to pay commissions. You can top up your balance in your personal cabinet. To do this, click on the “Topup” button and select the top-up coin. Deposit is available in cryptocurrencies BTC, BCH, ETH, LTC, BNB, USDT, BUSD, TRX.

The platform works with the BEP-20 network. If you send money from another network, the funds will be lost forever. After selecting a recharge coin, generate a crypto-address. Specify this address in your cryptocurrency wallet. Specify the transfer amount and confirm the transaction. Term of receipt of funds on balance from 5 minutes. To withdraw funds go to your account – wallet – withdrawal. Specify withdrawal amount and cryptocurrency wallet address. Confirm the transaction.

 

Complaints about Veles

We did not find any reviews of VELES bots on popular review sites. So we decided to look for user reviews on the official pages of the company in the social networks. But, unfortunately, even in social networks we did not find comments under posts or a separate block with reviews.

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Robot controller

The veles.finance platform is managed and regulated by Veles.finance LLC. The company is registered at: Russia, 115114, Moscow, Derbenevskaya nab. 7 Derbenevskaya nab. 12, bldg. 4, room I, room 9, Veres Finance LLC is registered at: Russia, 115114, Moscow, Derbenevskaya nab. 9. The work of the company is regulated by the Inspectorate of the Federal Tax Service of Russia № 25 in Moscow.

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User Agreement veles.finance

Under the terms of the user agreement, the service is not responsible for any technical failures, theft of funds or blocking of accounts on exchanges where the bot is used. The service offers services “as is” and does not guarantee a certain profitability when using the bot. The user makes his own decisions on the settings of the bot and is solely responsible for its operation.

A user on the veles.finance platform is only allowed to register one account. If you need more than one account, contact support. Only one Veles account is allowed to trade on one crypto exchange account, otherwise user’s actions will be regarded as violation of user agreement. Violations lead to blocking of account and freezing of funds.

 

Is the Veles cryptocurrency trading robot a scam?

Having analyzed the services of the service VelesWe can’t call the platform a scam, legal information about the company and the work of the support team. Here it is really possible to create an automatic bot for trading on the Binance platform. Unfortunately, we can’t assess the performance and profitability of the bots, because there are no reviews about them on the Internet.

But despite the fact that we can’t call the platform a scam, users need to remember that the market is volatile and robots do not know how to adjust to its changes. Therefore, trading advisors can be regarded only as an auxiliary tool in trading. Also, please note that veles.finance trading robots work on Martingale strategieswhich brings with it additional risks.

 

Conclusion

Veles – platform for creating trading robots for the Binance cryptocurrency exchange. Bot can trade on BINANCE SPOT, BINANCE FUTURES or BINANCE COIN markets. It takes no more than 5 minutes to set up the assistant, and then it can be immediately connected to your cryptocurrency account to trade. If you are new to trading the automatic bot will be an indispensable assistant because it determines your entry point according to set parameters and is devoid of emotions, which often cause you to lose your deposit.