FAQs

🤖 What is XPayBot?

XPayBot is an advanced Telegram bot designed to automate cryptocurrency trading strategies on decentralized exchanges (DEXs). It allows users to execute trades automatically, improving trading efficiency and effectiveness.

🛠️ How does XPayBot work?

XPayBot automates your trading strategies by connecting directly to DEXs. Users can set specific trading parameters and strategies, and the bot will execute trades based on these pre-defined rules, operating 24/7 without manual intervention.

🚀 How do I start using XPayBot?

To start using XPayBot, simply message /start to https://t.me/XPayDEXBot and follow the guided process. You’ll need to also know how to set up trading strategies and link them to a Telegram Channel. Refer to our User Guide.

🔐 Is XPayBot safe to use?

Yes, XPayBot is designed with safety as a priority and everything is built with extreme security. However, the wallets used in XPayBot are custodial so please do not fund wallets with a large percentage of your crypto funds.

Note: All Trading Bots are cusodial, even if they say it’s non-custodial.

💰 What is the XPay Token ?

The XPay token serves as a versatile asset within the XPayBot ecosystem, offering both meme-inspired charm and tangible utility. It provides access to token-gated signals and facilitates revenue sharing through bot usage, emphasizing its dual role as a playful meme token with utility benefits from XPayBot. To explore its meme side, visit the website www.xpayeth.com.

🔄 Can I customize my trading strategies with XPayBot?

Yes, XPayBot strategies come from Tradingview. These strategies are highly customizable, allowing users to define their strategies based on their trading goals and risk tolerance. This flexibility ensures that the bot can cater to a wide variety of trading styles and preferences. Users can fine-tune parameters such as entry and exit conditions, stop-loss levels, and position sizing to align with their individual trading preferences and market outlook. Additionally, XPayBot offers advanced customization options, including the ability to incorporate multiple indicators and signals into a single strategy, enabling users to create highly tailored and personalized trading approaches.

💡 Can I use XPayBot if I'm new to trading?

Absolutely! XPayBot is designed to be user-friendly and accessible to traders of all experience levels. We provide comprehensive tutorials and support to assist users in getting started with automated trading. Whether you're a seasoned trader or a novice enthusiast, XPayBot simplifies the complexities of trading, empowering you to embark on your trading journey with confidence. Novice traders can benefit from our Signals Channels, eliminating the need for complex setup processes associated with creating TradingView strategies.

📈 How does Signals Channels benefit novice traders?

Signals Channels provide novice traders with access to proven hedge fund trading strategies without the need for creating their own complex trading strategies. Novice traders often face hurdles such as acquiring a TradingView Essential Membership, understanding Pinescript code, finding successful strategies through backtesting, and setting up a bot to send strategy alerts from TradingView to Telegram. With Signals Channels, novice traders can bypass these steps and immediately benefit from established strategies, making automated trading more accessible and convenient.

💲 What are the costs associated with using XPayBot?

XPayBot charges a 1% fee on transactions made through the bot. You can reduce this fee to 0.9% if you have been referred. Part of the fee contributes to revenue sharing for $XPAY holders as well as rewards to affiliates. The remainder of the fee goes to ongoing development and support of the bot ensuring continuous improvement and the addition of new features. Additionally, users may incur network fees associated with executing trades on decentralized exchanges, such as gas fees on the Ethereum network.

🔗 What chains does XPayBot support?

XPayBot supports trading on Ethereum, Base and BSC DEXs

📉 How does XPayBot handle market fluctuations?

XPayBot is programmed to adapt to changing market conditions such as rising gas costs. Users can configure the bot to respond to specific market events and adapt their trading strategies to respond to certain market conditions, allowing for dynamic adjustment of trading strategies based on real-time market data. Furthermore, XPayBot employs risk management protocols to mitigate potential losses during periods of high volatility, ensuring a balanced and optimized trading experience for users.