Spot Grid FAQ

The Bitget spot grid trading FAQ helps address issues so that users can enjoy a hassle-free trading experience.

Spot grid trading FAQ

1. Why can't I create grid trading bots?

• Bot limit exceeded: Users can currently enable up to 50 bots for all bot types including spot grid.

• Insufficient spot account balance: You are unable to use frozen assets to open orders if you have pending orders in your spot account. If this is the reason you can't create additional grid trading bots, you can cancel your pending spot orders and release frozen assets. Alternatively, you can change grid parameters, e.g., reducing the number of grids so that the order amount is less than the available balance.

2. How will my funds be invested after I create bots?

• The invested funds will be separated from your trading accounts and used exclusively by grid trading bots. Therefore, users need to be aware of the risks of their overall positions in the trading account after funds are transferred out.

3. Which trading pairs are suitable for grid trading bots?

• If you are new to trading, select popular trading pairs that have high liquidity such as BTC/USDT and ETH/USDT. If you are an experienced trader, you may consider more volatile trading pairs to earn higher profits. However, do take note that higher returns come with greater risk.

4. What are the transaction fees for spot grid trading bots?

• The transaction fees for grid trading bots are the same as spot trading. Check the Bitget Fee Schedule for more details.

5. How will my profits be settled if I cancel a grid order?

• Your profits will be settled based on the current market price.

6. What are quote currency and base currency?

• The base currency is the first currency in the trading pair, and the quote currency is the second. The two currencies are usually separated by a slash, e.g., BTC/USDT. In the case of the BTC/USDT trading pair, BTC is the base currency and USDT is the quote currency. Profits made in the spot grid are based on the quote currency; for example, you will earn USDT when using bots to trade BTC/USDT.

7. What do the different grid statuses mean?

• To be triggered: A grid bot has been created but not triggered yet.

• Operating: The bot is triggered.

• Expired: The grid bot has been stopped.

• Canceled: The grid bot has been manually stopped.

8. Why are there no trades being made even though the bot is still running?

• The system will stop bot operations when the market price exceeds the maximum price, or if the market price falls below the minimum price of the price range. If the price continues to run outside the set range, the positions held may suffer a floating loss, or even risk liquidation. To minimize risks, you should always set a reasonable stop-loss price when creating bots.

9. Why have my grid trading bots been stopped?

• You accidentally canceled the grid trading order on the spot trading page.

• Your take-profit or stop-loss price was triggered due to the market price reaching the set grid price.

• The trading pair has been delisted.

• The maximum order limit has been reached because you placed an order on the spot trading page.

• Your spot account's balance is insufficient.

10. Why are the bots stopped when I cancel a spot order?

• Spot grid orders are also displayed in Current Orders on the trading page. These bots will be stopped if a user accidentally cancels spot grid orders there. You are advised to pay attention to the resulting cancelled grids when you go to the spot trading page to cancel an order and switch to the trading pair that you are trading on the grid.

11. Under what circumstances will I fail to sell coins?

• When bots are automatically or manually stopped after the TP/SL price is triggered, the system will start to sell coins at the market price. If the risk control system assesses the sale as risky, the sale may fail. It is up to the user to decide if they want to continue to sell the coins manually.

12. Is it possible for transaction fees to exceed grid profits?

• No. Trading bots ensure that orders will only be opened if the profits on the grid are greater than the transaction fees.

13. Will I have greater profits if I have more grids?

• No. Grid profit = price difference of a single grid × purchase amount of a single grid × number of filled sell orders. We can see from the formula that grids will only generate profits when the coin's price is within the preset price range. You have to increase the number of transactions and the profit of a single grid at the right price if you want to make greater profits. As the total value of assets is fixed, too many grids will reduce the price difference and purchase amount of a single grid, effectively reducing the profits of a single trade. For this reason, it is crucial to adjust the number of grids to make greater profits.

14. Is a larger price range better for profits?

• No. Grid profit = price difference of a single grid × purchase amount of a single grid × number of filled sell orders. If the price range is too large, it will reduce the trading frequency. Therefore setting the right number of grids and price range can be an art, which needs to be explored in practice.

15. What if I run a grid trading bot for three days and see little returns? Should I give up?

• Profits will be limited if you run the bot for a short period of time. We recommend you be patient and wait to see results. You can run the bots for a month to test them and see what results you get. You can also ask other users for advice and tips on how to increase your profits by adjusting certain parameters.

Notes:

• Risk of trading accounts: The invested funds will be separated from your trading accounts and used exclusively for grid bot strategies. Users should to be aware of the risks of their overall positions in the trading account after funds are transferred out.

• Abnormal event: The grid bots will automatically be stopped if a coin experiences an unpredictable or unusual event such as suspension or delisting.

• Risk warning: It is recommended that you make informed decisions after carefully reading the description of the Bitget spot grid trading product in full and making a reasonable assessment of your risk appetite.

Disclaimer

Spot grid trading is a transaction tool. The above-mentioned information should not be considered as financial or investment advice from Bitget. Profits from spot grid trading may be impacted by one-sided market conditions or improper price intervals. You can adjust your spot grid trading strategy according to market conditions. Your use of this tool is subject to your unconditional acceptance of all of Bitget's terms and conditions. You should be fully aware of the risks associated with cryptocurrency investments and proceed with caution. You agree that all investments on Bitget.com reflect your true investment intent, and you accept the potential risks and gains of your investment decisions.