After our previous article on Diamond Pigs, there have been several questions about how to create an account at Diamonds Pigs. In addition, there have been questions about choosing the right strategy for bots. Today we will go deeper into these topics so that you can fully understand how to create an account and the differences between the strategies.
Before you start using Diamond Pigs, it is useful to know that you can run Diamond Pigs in "Play Mode " without already getting started with real cryptos or money. We recommend that when you really start, you choose only one strategy to avoid additional small transaction costs that can result from constantly re-balancing between multiple strategies.
Table of contents
The question of which strategy to choose depends on your risk profile and your personal objective:
If you are for the long term and your crypto investment has a perspective of at least 3 to 5 years and you tend to be risk averse while doing so, the top 10 index strategy such as Berkshire may be the most suitable. The strategy does not actively trade and is rebalanced every month by updating the portfolio with the most recent top 10 coins in the crypto market.
If you have more risk tolerance, you can choose one of these active strategies (Duroc, Pennywell or Hereford). All powered by advanced SYNAPSE™ bot technology:
Duroc - Smart crypto selection. Consists of a broadly diversified portfolio of coins that benefit from price movements throughout the crypto market. It holds positions when the market is indecisive and takes profits after significant gains. Select Duroc if you want your portfolio to consist of a broadly diversified portfolio of coins that benefit from price movements throughout the crypto market.
Pennywell- Green crypto selection. Consists of an eco-friendly portfolio of coins that benefit from price movements throughout the crypto market. It holds positions when the market is indecisive and takes profits after significant gains. Choose Pennywell if you want to invest sustainably and responsibly.
Hereford - Bitcoin protection. Trades only BTC. The strategy buys when sentiment is positive and sells when the market is falling. The strategy of choice for Bitcoin maximalists.
If you want help choosing which strategy is right for you you can use this tool.
How do I register with Diamond Pigs and link my account to an exchange using an API key?
Creating an account is simple. It often gets trickier when linking your account at the time of linking the accounts through an API key. Let us walk you through it.
Create an account at Diamond Pigs:
Step 1: Create an account with Diamond Pigs by following this link: https://bit.ly/DiamondPig.
Step 2: Fill in your first and last name in full
Step 3: Create a password and in the text box put the voucher code: kevin12. This is a bonus so you don't have to pay a bill for the first month. Using Diamond Pigs is not completely free so be aware of that
Step 4: Don't have a Bitvavo account yet? Then create an account right away and take advantage of the free 10 euros on your Bitvavo account until March 20.
The free credit is a temporary offer so take advantage of it soon!
Please confirm your application:
Open your email and confirm your registration by clicking the button you received in the confirmation email from Diamond Pigs.
Play mode:
If you have signed up, Diamond Pigs offers the opportunity to try out different strategies in simulator environment. In other words: The Play Mode. This way you can try what works for you per strategy before you go with 'real money' or 'Crypto'.
Play mode is self-explanatory. You can enter a date in the past when you would have liked to invest a certain amount and can read the results of the strategy from that point on.
Are you happy with the result of the chosen strategy? Then you can proceed to connect your Bitvavo or Binance wallet to your Diamond Pigs account.
The dashboard:
In Play Mode or if you have already linked your account, your dashboard will look like the one shown in the picture. The dashboard is clear and lets you see at a glance what is happening with your crypto and the status of your strategies you have chosen.
As you can see, at the top right, you can proceed to accepting the terms and conditions so the account can be linked.
The terms of use
You can use Diamond Pigs if you are 18 years and or older, are aware of the risks involved in trading crypto and have NO tax liability in the United States.
Connecting your wallet
The steps to follow are self-explanatory. Have you accepted the terms of use? Then you will be taken to the screen above.
*Note: You link through an API to the bots, but the money just stays on your own Bitvavo or Binance account. You only give the bots access to execute trades on your behalf on the account.
Login to Bitvavo:
For convenience, we have chosen to log in to your Bitvavo account. Bitvavo is a Dutch exchange and is partnered with Diamond Pigs. If you do not have an account on Bitvavo? Then create free account and receive 10 Euro for free.
To link your Bitvavo wallet with your Diamond Pigs acount, you need an API key and an API secret to connect them. You only get to see this one time. Copy it and save it because you will need it soon!
If for some reason it didn't work out, don't worry, you'll start over by creating an API key and secret the moment you deleted the previous one.
If you are logged into your Bitvavo account go to the dropdown under your name and choose API.
Under the Diamond Pigs tab, you will find the following screen. Here it says exactly what you need to enter in your Bitvavo screen. A number will appear in green. Copy this exactly and copy it into Bitvavo in the IP-Whitelist box.
Return to your Bitvavo account and enter the details.
Open your Authenticator and take over your 2FA code. Your API key and your API secret will be displayed in your Bitvavo account. Copy both and save them as they are only displayed 1 time.
NOTE: Open your mail and confirm your API key by pressing the button: confirm in the mail you received from Bitvavo.
Once you have done this you can go back to your Diamond pigs account and paste the API key and the API key in the spaces provided.
Congratulations! You will now begin trading through Diamond Pigs:
The tricky part is now over. You can now start trading with Diamond Pigs. Stay tuned for more great things to come from Diamond Pigs. For now, good luck and have fun trading with Diamond Pigs and see you soon.
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