Currently, BravoBot supports BUSD on Binance or USDT on KuCoin as the currency that will be used to enter positions, calculate profit/loss, etc. So if you wish to use BravoBot for trading, make sure you have at least 50 BUSD/USDT in your SPOT wallet.
For the Grid Trading Strategy to work you will need to have at least 15
BUSD per grid level you wish to use. So make sure you have enough or decrease the number of levels. More on this later.
BNB for Fees
Binance charges a fee of 0.1% each time a trade is made. The fee is always taken out of the trade leading to “dust” (fractions of coins). To negate this the user must have at least 10 BUSD worth of BNB in their SPOT wallet, to pay for the fees. Binance instead will take the fee from their BNB at a 25% discounted rate.
The user must manually enable this option on their
Binance dashboard. This is found in the bottom right of the dashboard.
This is required for BravoBot to operate.