LVL provides a separate “Automatic Trading” cryptocurrency account. The Automated Trading account generates a profit by buying a selling cryptocurrency to other LVL users for a profit, or spread. Continuously buying and selling cryptocurrency with a spread is called market making. Automatic Trading accounts on LVL use state-of-the-art algorithms for market making.
No investment strategy can completely eliminate the risk of investment losses. You are responsible for the risks and the financial resources you use to determine an investment strategy. You should not engage in trading unless you fully understand the nature of the transactions you are participating in and the extent of your exposure and tolerance for investment losses. If you do not fully understand the risks involved in trading, we encourage you to seek independent advice from a financial advisor.
To access Automatic trading, tap the crypto tab on the LVL app home screen and select Trading.
To modify the settings for your Automatic Trading account:
- Tap the Settings (gear) icon
- Adjust the Spread slider to set your profit margin
- Adjust the Give slider to set your rebalancing preference
- Activate the toggle button for each crypto you wish to trade
Spread - Spread is the amount of profit margin you ask for each trade. A high Spread results in higher profits but fewer trades. On the other hand, a low Spread trades more often for a lower profit per trade.
Give - Give is the discount on your Spread you offer to rebalance your inventory. For example, if you are trading Bitcoin and hold much more cash than Bitcoin in your Automatic Trading account, it will offer a higher price for Bitcoin to rebalance its holdings. A high Give trades more often and is more likely to be balanced. A low Give maximizes profit per trade but is not always able to trade.
To add funds to your Automatic Trading account:
- Press Add
- Select the asset you want to add: cash or crypto
- Enter an amount of the asset to add
- Press the Add button
- Slide to confirm
To remove funds from your Automatic Trading account:
- Press Remove
- Select the asset you want to remove: cash or crypto
- Enter an amount of the asset to remove
- Press the Remove button
- Slide to confirm