Would love to get some feedback on a crypto investment application I've been working on.
Hello everyone!
I made an algorithmic trading bot will diversify, rebalance and dollar cost average into your long-term cryptocurrency investments automatically.
For the MVP, the only fund available is top 20 cryptocurrencies weighted by market cap, 10% cap.
As an user, you need to provide your API keys to the Binance exchage, and the bot will do the rest.
Let me know what you guys think!
Hey Anthony,
This is really neat! You must be a very talented developer with a great deal of subject matter expertise, as developing a product of this nature would take loads of prior knowledge.
Let me ask a few questions:
Hey SpreadStreet! Thanks the comment. I'm well aware of your work and a fan of what you do!
Those are some flattering words. I wouldn't rate myself so highly. What I'm doing wouldn't be possible if not for the well-documented APIs that exists for data gathering, and trade execution.
I based it on a template. For new projects, I try to ship the magic version of the product using a landing pages ASAP and use it to get some feedback on whether people are actually interested. So far, I've gotten some positive feedback which is encouraging.
I developed the bot with a partner. We did not use any existing libraries as we found it simpler to work with the underlying APIs for our purposes.
Currently we're connecting to Binance over HTTPS using our users' public and secret API keys. (We do not have withdrawal access to the account without explicit permission given by the user through Binance, and we would never ask for this permission). I would love OAuth to be supported in the future.
Anthony, really cool idea. Trust level needs to be high, in fact it might be the only thing you want to emphasize repeatedly on your home page. Someone giving you access to their Binance means you can swipe their crypto with a push of a button.
I know sites like wealthfront do this for stocks and such so it might be worth reaching out to them and see what sort of obstacles they had to overcome to build that trust.
Sidenote if you'd like to "advertise" we might be able to work out an exchange. I just launched https://www.cryptocasts.review
Thank you very much !
I absolutely agree trust needs to be the most important thing. I have a lot to learn from robo-advisors on how they gain their trust from customers.
Would what you recommend as a good way to bridge that trust?
It may be worthwhile to mention that on Binance, one needs to give explicit access for withdrawals to be possible through API calls.
For the purposes of our application, we would never ask for withdrawal access.
But users would still need to trust that we are not making terrible trades on their behaf.
Sorry i missed your comment.
I recently saw Cointracker.io and they emphasize like you said that it is read only access via the api.
I went ahead and marked up your page based on some common UX principles and also just what I thought when i saw it the first time.
http://cl.ly/3I1H2Y100C1s
*and request my private invite!
I would definitely be interested in doing some kind of advertisement/promotion. I will check out your application for sure and get in touch :)
Love the idea! A couple of my buddies have been chatting about how this would be a great idea. Glad to see this implemented. Just signed up for the beta :)
Really great idea!
.02: I may be hesitant on providing full access via API keys, but I guess it depends on how you will go about saving that.
Also, if you're looking to increase your signups, we built https://growsurf.com so you can get a refer-a-friend form in minutes (100% free)
Thank you!
Is there anything I could do to make you more relieved about providing the API keys?
I mentioned earlier in the comments that there is no withdrawal permission required. Most exchange APIs require explicit permission before withdrawals can be made.