Frequently Asked Questions

Answers to the most common questions asked by Veles users.

What is this platform?

Veles is a platform for creating bots that automatically trade on cryptocurrency exchanges.

Spot — trading the asset itself.
Futures — trading contracts (obligations to buy or sell an asset).

📌 For beginners, we recommend:

starting with spot trading,
or trading futures with 1x leverage (minimum risk).

More details: What the Veles bot can do.

What’s the minimum deposit?

It depends on the type of trading and the bot’s settings.

Terms:

Balance — the amount in your exchange trading account.
Bot deposit — the portion of the balance the bot uses in a trade.

Futures:

You can start a bot with a deposit from 1 USDT (with leverage).
However, you need several times more than the bot’s deposit to maintain the position on the exchange, otherwise you risk liquidation.

Spot:

Grid bot on low-priced coins — from 10 USDT.
Single-order bot — even less.
It’s recommended to also buy the traded coin worth 0.2% of the deposit to pay trading fees.

📌 When choosing a ready-made futures bot, always calculate the total balance needed to support it: How to reduce trading risks. Also see: Minimum amounts for launching.

How much does it cost to use a bot?

From 0 to 50 USDT/month per trading type (spot or futures).
Commission = 20% of gross profit (before exchange fees).
If the trade is unprofitable or canceled — 0% commission.

Bonus:

By completing tasks in the Challenges section, you can get up to 5 USDT credited to your account balance (not withdrawable, but can be used to test a bot).

📌 Commission limits:

Maximum 50 USDT/month for spot,
Maximum 50 USDT/month for futures.
Counters reset on the 1st of each month (UTC).

How much will I earn?

It all depends on your strategy and settings.

Spot (medium risk) — approx. from 5% per month.
Futures — potentially higher returns, but with higher risk.

Important: calculate profit not from the “bot deposit” but from the total amount required for safe operation (deposit + margin).

📌 Recommendations: How to reduce trading risks.

How do I withdraw profits?

The bot trades with funds on the exchange — profits and losses are reflected there.
You deposit and withdraw funds yourself, via the exchange interface.
The balance in your Veles account is used for commissions and subscriptions.

📌 Bonus funds (5 USDT) from challenges — cannot be withdrawn.

More info: Refund policy.

What other risks are there?

The cryptocurrency sphere is full of scammers:

fake “Veles Support” accounts messaging you directly,
phone calls from “support”,
fake “promotions” in unofficial channels.

If in doubt — confirm in the community or write to the official email.

📌 Read: Common mistakes of beginners.

What are filters?

Filters (indicators) — conditions for entering/exiting a trade. They are calculated using formulas based on historical price data.

More details: What filters are.

What % of profit should I set?

We recommend:

0.5–1% per trade (quick exit and search for a new entry point).
Less than that — won’t cover exchange fees.
More than that — test it in backtests.

More details: Backtests.

Do I need BNB to pay trading fees?

Not necessarily. BNB is Binance’s native coin and provides a discount on fees, but you can trade without it.

We recommend holding $10 worth of BNB only if you trade on Binance.

More details: Exchange fees.

What should I do if the bot gives an error?

In the bot’s card and in the error message you’ll find:

an (i) button,
a link to a Wiki article.

There you will find the causes and solutions: Errors when launching bots.