How to Create Your Own Spot Trading Bot on VELES: A Step-by-Step Guide

VELES strategy presets for conservative, balanced, and aggressive trading — VELES Official logotype

Why Create Your Own Spot Trading Bot?

In the ever-evolving world of crypto, volatility is both an opportunity and a risk. While many platforms offer ready-made bots, creating your own spot trading bot tailored to your preferences offers several key advantages:

Personalized Strategy: You control the trading logic, risk level, and token selection.
Reduced Risk: Spot bots are inherently safer than futures bots, making them ideal for long-term passive income.
Token Familiarity: You can choose classic, reliable tokens (like XRP, BNB, or TRX) that align with your market outlook.
Transparency & Control: You know exactly how your bot operates and can adjust parameters anytime.

Spot trading bots are especially useful for those who want to earn passively without constantly monitoring charts. And with platforms like VELES, building one is easier than ever.

What Is VELES?

VELES (https://veles.finance/en) is a robust platform designed for creating and managing crypto trading bots. It supports major centralized exchanges (DEXs) like Binance, Bybit, Bitget, and more. Key features include:

✅ Spot and Futures Bots (with a strong recommendation for spot bots due to lower risk)
✅ API Integration with popular exchanges
✅ Preset Strategies for conservative, balanced, or aggressive trading
✅ Telegram Notifications for real-time trade updates
✅ Intuitive Interface for bot creation and deployment

VELES is trusted by many traders and offers a secure environment for managing your crypto assets through automated strategies.

Step-by-Step: How to Create a Spot Trading Bot on VELES

1. 🔐 Register and Set Up Your VELES Account

Go to VELES (https://veles.finance/en) and create an account.
On the dashboard, you’ll see a list of available bots. Avoid futures bots if you’re aiming for reliability.

2. 💼 Choose Your Token and Deposit

Select classic, low-volatility tokens like XRP, BNB, or TRX.
Deposit the token you plan to trade into your VELES main wallet account. This ensures your bot operates with the correct asset.
Make sure to fill your inner balance to cover platform fees (VELES charges 20% of profit, capped at $50/month).

3. 🔗 Connect Your Exchange via API

Go to the “API” section and click Add new API key.
Choose your exchange (Binance, Bybit, BingX, etc.).
If the automatic connection fails, generate the API manually on your exchange:
- Enable trading permissions.
- Copy the API key and secret.
- Paste them into VELES and click Connect.

4. 🤖 Deploy a Bot or Create Your Own

You can copy a public bot (e.g., conservative XRP or BNB bots) or create your own:
- Click Create Bot.
- Name your bot and choose Spot as the type.
- Select a long strategy (recommended for current market conditions).
- Choose your token pair (e.g., XRP/USDT).
- Set your deposit amount.

5. ⚙️ Configure Advanced Settings

Customize your bot’s behavior:

Overlapping Price Change: Controls order density. Higher % = more frequent trades, lower profit per trade.
Grid Depth of Orders: Fewer orders = less frequent but higher-profit trades.
Martingale: Adjusts order size after losses. Lower % = safer, higher % = riskier.
Offset: Affects trade frequency.
Logarithmic Distribution: Use for volatile pairs.
Pulling Up the Orders Grid: Controls trade frequency.
Trade Entry Conditions: Optional; can slow down bot if too strict.

💡 Tip: Use VELES presets for conservative, balanced, or aggressive bots to avoid misconfiguration.

6. 🟢 Launch Your Bot

Click Run to deploy your bot.
Monitor trades via the VELES Telegram bot for real-time updates.

Example Performance

XRP Spot Bot: ~77% annual return with conservative settings.
BNB Spot Bot: ~50% annual return.

These results show that even with low-risk configurations, VELES bots can deliver strong passive income.

Final Notes

Always ensure your inner balance is topped up to keep bots running.
Use manual API setup if auto-connect fails.
Prefer spot bots over futures bots for reliability.
Choose classic tokens for long-term stability.

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