1. Save / Bookmark this page.
You will come back here often once you get started - and I have several helpful links and videos on this page.
2. Create a Coinbase ADVANCED account (Free)
You can use whatever exchange you want, but I use Coinbase ADVANCED account.
3. Start a Free 7-Day Trial of the trade bot I use (usually a discount if you use this link)
Subscription required after 7 days - but it is "virtually free forever" if you follow my process.
I currently have a PRO account, you can start with the basic account and upgrade later if you want
Eventually you will upgrade, but a basic account is sufficient for most people getting started.
The Free 7-Day trial period includes all PRO account features.
4. Make your initial Deposit into your Coinbase Advanced Account
The amount you start with is 100% up to you - the more the better - I do not recommend starting with less than $5,000 (more is better). I started with a few hundred dollars in 2021 and added a little more every month, so I know it CAN be done with a small amount of money, but it is faster if you can start with more. What you start with is 100% up to you and it should be an amount you can afford to lose. I don't think you will lose it if you follow my process, but if you are starting with a smaller amount, your risk of losing it is actually higher. I know from experience. I lost money at first, then I learned how to get it back. If you follow these steps, I will teach you how I did that (future video I send to people that complete steps 2 and 3 using the same email address).
5. Connect your Bot to Coinbase Advanced using API
Do not let this step scare you. I have a page set up that shows you step by step how to do it (click here). Chances are, my step by step instructions will work just fine and you will be connected in just 20-30 minutes. In the event you have a technical issue,the support team is VERY helpful, you just need to be patient if you are in the United States. The owners of this bot are from Europe, so they have a different sleep schedule than we do. Give them a good explanation of your problem (including screenshots if possible), and they will help you. It is one of the reasons I stayed with them after trying several different bots. They have the best support desk you can ask for.
6. Create your first BOT! (aka "Bank")
Once you have the bot conneced to your Coinbase Advance account, you are going to set-up your own grid bot which I like to call my "bank." Let's pause here and understand what we are doing before creating a bot/bank.
This strategy is not overly complicated. It takes continious SMALL profits over a long period of time, so even if the price of the coin goes down, as long as you keep trading for small profits, you can make up for losses by adding up all of the little profits over a long period of time or by long term price recovery (or often times both which compounds your success).
Think Principal vs Interest. If you have One Million Dollars in the bank and you earn 7% interest on that money every year from a CD or similar investment you would earn $70,000 every year. And as long as you spend less than $70,000, you will continue to earn $70,000 every year.
With this Grid Strategy, I am essentially doing the same thing, but starting with less money. I never spend what I deposit into Coinbase except for buying and selling crypto coins that change price rapidly. I take advantage of those rapid price changes to take quick SMALL profits multiple times a day. I then use those small profits to compound earnings and pay for everyday expenses. Click here to see a flow chart showing this brilliant flow of money that allows you to not only KEEP all of your money, but also GROW your money at the same time.
So instead of depositing funds into a traditional bank, you are going to deposit your fiat currency (dollars / paycheck / amount you choose), into your Coinbase Advanced account. The grid bot (once you start it) will use those funds to quickly buy and sell the coin you choose. Watch my video about picking a coin to use (coming soon). Everytime the bot sells a coin, you earn a small profit. Some days this will only happen a few times, and some days this will happen hundreds of times, and some days it might not even make one trade. But over time, you could earn continous profits 24 hours a day, 7 days a week, 365 days a year (366 days on a leap year).
Once your bot is running, your only job is to make sure that you have both GREEN LINES and RED LINES surrounding the current price. Watch my video about your daily job (coming soon) to see what I am talking about. This only takes a few minutes every day, then you go on with your day doing whatever it is that you do.