Create an account on Binance.
Note: If you choose to run the SATOSHI BOT in conjunction with the Bitcoin Bot or the Ethereum Bot, you will need to create a sub-account, as they cannot be run on the same master account. More details on how to create a sub account can be found here.
Deposit your fiat currency (aka your $AUD, $NZD, $USD etc) to the exchange. For more information on how to deposit fiat to your Binance wallet, click here.
Alternatively, if you already have cryptocurrency in another wallet or another exchange, deposit directly to the exchange.
Convert your funds to BTC (Bitcoin). This is the base currency of the SATOSHI BOT.
From the Binance menu bar, choose the 'Markets' tab or under the 'Trade' drop down menu to access the exchange for converting your dollars to BTC.
IMPORTANT: Remember, this bot has BTC as the base currency. It is designed for the people who want to accumulate BTC and ride through all the ups and downs that BTC goes through, aka the HODLERS.
Activate an API on your exchange account by heading to API Management in the settings.
When creating your API, turn on 'Enable Spot and Margin Trading'. You will need to use this API to connect your account to the Wunderbit Platform.
Note - Keep the Secret Key to yourself and do not share with others
From the 3 Commas menu bar, choose the 'My Exchanges' Tab.
Here you need to enter the API Key from your Binance account (created in step 4).
Click 'Connect to an Exchange'
From the 3 Commas side menu bar, choose the 'Marketplace' Tab.
Now select the 'Go to All Bots' option on the top third of the page.
On Wunderbit, head over to the Market Place and find the SATOSHI BOT under the Blue Sky Breakout profile.
Hint: Use the Filter tool to simplify your search. Choose Binance as the exchange and BTC as the base currency.
Search under the Traders API Tab to find it. Then hit FOLLOW.
It is now up to you to manage your own funds
Monitor the trades on your own 3 Commas account and your own Binance account.
You are in complete control of your own funds and can turn off the bot, or withdraw your funds at any time.
Keep up to date with the Blue Sky Breakout social channels for any updates, changes or maintenance regarding the bots.
Any help or questions, don't hesitate to reach out to 3 Commas, Binance or the Blue Sky Breakout team.
The team at Blue Sky Breakout are bullish bitcoin and cryptocurrencies. The long term charts are impressive and the fundamentals behind the space are incredible. That said, the market is extremely volatile and Bitcoin alone has had more than a few 80% corrections since the beginning, so be warned.
Our recommendation (noting we are not financial advisors) is that if you are interested in cryptocurrencies, spend your first steps researching and understanding what this technology represents and its use case. Then, if you are comfortable with a long term strategy, diversify a small amount of capital into long term holdings of Bitcoin or some other well researched Altcoins. If, after that you feel comfortable on the exchanges and understand how trading works, set aside some capital for other trading systems, such as the Blue Sky Breakout automated trading bots. This should give you some appreciation for how the markets work and allow you to effectively manage your trades if the need arises.
It is important that you don’t take any risks you cannot afford to lose. The market will always be there and with each new day comes a new opportunity. If you think you've missed the boat or are too late for cryptocurrencies, ask around and see how many people you know have some. Then decide if you are late or not!