Connecting a trading bot to a user account
Want to automate your investments? See how to easily connect a trading bot on the Psyll platform to your exchange account so it can trade for you, maximizing your profits.
Want to automate your investments? See how to easily connect a trading bot on the Psyll platform to your exchange account so it can trade for you, maximizing your profits.
Create, configure, and optimize automated trading bots to execute strategies efficiently on supported exchanges.
Trading bots on the Psyll platform are available exclusively to users with an active PRO subscription. A PRO subscription allows you to run an unlimited number of bots simultaneously, giving you complete freedom to diversify your investments and adapt your strategy to different markets and asset classes. This way, you can use multiple different bots at once, minimizing risk and maximizing potential profits.
The bots operate completely automatically, 24/7. They constantly monitor changing market conditions and execute transactions according to the parameters you have set. By using secure API keys, the bots only have permission to place buy and sell orders on your exchange account. Your funds always remain under your full control - Psyll never stores or has access to your funds.
Browse the collection of intelligent bots available on the Psyll platform. They are tailored to different market conditions, asset types, and risk levels. Each bot has detailed historical performance and effectiveness statistics, so you can easily choose the bot that best suits your strategy - from aggressive, dynamic trading to a conservative and cautious approach in less stable markets.
On the page of your chosen trading bot, you will find the "Start trading" button - click it to begin the process of connecting the bot to your account. This step opens a panel where you can link the bot to your exchange account and enter the necessary API keys. Clicking this button is the first step to launching automated trading, so it's worth following the subsequent configuration steps carefully.
Before further bot configuration, you will need to accept the terms and conditions for using trading bots on the Psyll platform. The terms contain important information regarding usage rules, security, and liability related to automated trading. Read the content carefully, and then confirm your agreement to continue with the configuration and launch the bot. Without accepting the terms, it will not be possible to start the bot.
For the bot to start working, you must first connect your exchange account to the Psyll platform. To do this, select the exchange where you have an account from the list available on the platform. Then, enter the API keys generated on that exchange - this is usually a pair: a public key (API Key) and a private key (API Secret/Private). These keys allow the bot to place buy and sell orders on your behalf, but they do not grant access to withdrawals or other operations besides trading.
When creating API keys on the exchange, remember to grant them the appropriate permissions - usually, it is enough to select the options for reading account data and trading, but not to allow withdrawals. This ensures your funds remain safe and Psyll never has access to them.
Learn step-by-step how to generate and retrieve API keys on exchanges to connect your account to the Psyll platform and allow bots to execute transactions on your behalf. In our documentation, you will find detailed instructions for each supported exchange, along with screenshots and security tips: https://psyll.com/en/documentation/exchanges.
After completing the entire configuration and activation process, your bot will be ready to go. You can access its panel at any time in the Trading Account > My trading bots on the Psyll platform. There you will have constant access to your bots - you can start them, stop them, change their settings and monitor their performance and statistics. This makes managing automated trading convenient and transparent, and you have full control over your investments.
