HodlBot Pre-requisites

HodlBot is a customizable cryptocurrency trading bot that enables users to index the market, create custom portfolios, and automatically rebalance their cryptocurrency portfolios

Basic Requirements

If you have either of these, you can move on to the next step.

Otherwise keep reading.

If you don't have a Binance account or a Kraken account, then you'll need to create one.

If you have either a Binance or a Kraken account, but don't have any cryptocurrency deposited. You'll need to deposit or purchase some cryptocurrency.


How to set-up your Binance account

Binance is the world's top cryptocurrency exchange by trading volume.

Setting up a Binance account is easy. If you don't have one, you can sign-up for a free account here.

Binance is primarily a crypto-to-crypto exchange. While you can buy cryptocurrency with fiat currency via simplex, the fees are quite substantial.

It may be more cost-effective to buy cryptocurrency from another fiat-to-crypto exchange like Coinbase and send it to Binance after.

How to send cryptocurrency to Binance

If you have bought cryptocurrency elsewhere and you want to send it to Binance, go to Binance and hover over the funds tab.

Next, click on deposits.

Once you're on there, select a coin you would like to deposit.

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From another exchange, or your wallet, send over your desired amount to the deposit address.

Please note that it may take some time for your funds to reach Binance, you can always track it in the transaction history seen below.

How to set-up your Kraken account

HodlBot also works with Kraken.

Kraken is one of the largest cryptocurrency exchanges. You can trade fiat currency for cryptocurrency on Kraken.

Setting up an account is very straight-forward. If you don't have one, you can sign-up for a free account.

You can buy cryptocurrency with fiat currency right on Kraken.

How to send cryptocurrency to Kraken

Once you sign on Kraken, head over to the Funding tab.

There you can select the cryptocurrency you want to deposit on Kraken.

Once you select a cryptocurrency, click generate new address to get a deposit address. This deposit address will be owned by you. If you send cryptocurrency to the address, you will see it show up on Kraken once the transaction goes through.

From another exchange, or your wallet, send over your desired amount to the deposit address.

Please note that it may take some time for your funds to reach Kraken due to the network speed of blockchain transactions.