The cryptocurrency market remains one of the most dynamic and volatile in the world, and traders increasingly need automation tools to succeed. Veles is a platform that enables users to create crypto trading bots, automate trades, and simplify the trading process. In this guide, we’ll dive deep into what Veles is, how it works, how to set up a bot from scratch, and why it’s suitable for both beginners and experienced traders.
Table of Contents:
- What is Veles: Platform Overview
- Benefits of Veles for Traders
- Supported Exchanges and Trading Types
- Step-by-Step Guide: How to Create and Launch a Bot on Veles
- Fees and Referral Program
- Who is Veles For: Target Audience
- Pros and Cons of the Platform
- Tips for Effective Use of Veles
- Conclusion: Is Veles Worth Using in 2025?
What is Veles: Platform Overview
Veles is a platform for creating and managing cryptocurrency trading bots, founded in 2021 in Dubai. Its founders, Vladislav Krieger (CEO) and Ruslan Molchanov (CTO), aimed to simplify trading for users of all levels. In 2023, the company raised approximately $500,000 in pre-seed funding, signaling growing interest in automated solutions within the crypto industry.
The core idea of Veles is to relieve traders of routine tasks, such as constantly monitoring charts and manually placing orders, allowing them to focus on market analysis or other activities. The platform offers ready-made solutions for trade automation as well as flexible settings for advanced users.
Statistics: As of April 2025, Veles is used by over 250,000 traders worldwide. Users have completed more than 40 million trade cycles, generating a total profit of over $68 million, with bot deposits amounting to around $39 million.
Benefits of Veles for Traders
Veles stands out among other crypto trading automation platforms due to several key advantages:
- Ease of Use: An intuitive interface allows even beginners to quickly set up a bot.
- Flexible Settings: The platform offers a wide range of indicators (RSI, CCI, Bollinger Bands) and risk management tools (stop-loss, trailing profit, Multi-Take).
- 24/7 Automation: Bots operate around the clock, eliminating emotional decisions that often lead to losses.
- Telegram Notifications: Users receive instant alerts about trade status, profits, or errors.
- Strategy Marketplace: You can select pre-built strategies from verified traders, saving time.
- Transparent Statistics: The dashboard provides data on trades, profit/loss (PnL), and transaction history.
Supported Exchanges and Trading Types
Veles integrates with major cryptocurrency exchanges via API, enabling trading on popular platforms:
Future Plans: The platform plans to add support for Bitget and KuCoin soon, expanding opportunities for users.
Trading Types:
- Spot Trading: Ideal for long-term strategies and risk minimization.
- Futures Trading: Allows the use of leverage and trading both long and short, perfect for more aggressive strategies.
Feature: For Binance, Veles has passed an audit and offers fast integration via FastAPI, simplifying the setup process.
Step-by-Step Guide: How to Create and Launch a Bot on Veles
Creating and launching a bot on Veles is a straightforward process that takes just a few minutes, even for beginners. Here’s a detailed guide:
Step 1: Register on the Platform
- Visit the official Veles website.
- Click the “Register” button and provide your email and password.
- Confirm registration via the email link sent to your inbox.
- Once logged in, you’ll find tutorials and tips in your dashboard to help you get started.
- Bonus: Complete simple onboarding tasks to receive $5 credited to your account for free.
Step 2: Connect an Exchange via API
- Select an Exchange: If you don’t have an account on a supported exchange (e.g., Binance or Bybit), sign up there first.
- Create an API Key: Log into your exchange account, go to the “API Management” section (name may vary), create a new API key with trading permissions (but disable withdrawal permissions for security), and copy the public and secret keys.
- Link the Key in Veles: In your Veles dashboard, click “Create Bot” and select your exchange. Paste the copied API keys into the appropriate fields and confirm the connection. It’s recommended to deposit a small amount into your exchange account to activate trading.
Tip: For Bybit, you can use the “Connect in One Click” feature to simplify API key creation and linking (screenshots below).
Tip: For Binance, use the FastAPI option if available for faster setup..
Step 3: Choose or Customize a Strategy
- Pre-Built Strategy: Go to the “Strategy Marketplace” in your dashboard, select a verified strategy based on ratings, statistics, or reviews, click “Apply,” and adjust basic parameters (e.g., trading pair, deposit amount).
- Manual Setup: Choose a trading pair (e.g., BTC/USDT), specify the trading type (spot or futures with leverage and margin type—isolated or cross), set indicators (RSI, CCI, Bollinger Bands, or TradingView signals), and configure risk management settings (stop-loss, trailing profit, Multi-Take). Limit the number of active bots to minimize risks:
Step 4: Launch the Bot
- Double-check your settings and ensure there are sufficient funds in your exchange account.
- Click the “Launch” button.
- The bot will start operating 24/7, automatically opening and closing trades based on your chosen strategy.
Step 5: Monitor and Manage
- Track performance in your Veles dashboard: view the number of trades, total PnL (profit/loss), and transaction history.
- Set up Telegram notifications to receive alerts about trade closures, stop-loss triggers, or errors.
- Adjust the strategy as needed: add new indicators, tweak risk settings, or pause the bot.
Tip for Beginners: Start with a pre-built strategy and a small deposit to test the platform without significant risk.
Fees and Referral Program
Veles Fees:
- The platform charges 20% of the bot’s profit, capped at $50 per month.
- If the bot doesn’t generate profit, no fee is charged, making the pricing model fair.
Referral Program:
- Invite friends and earn up to 30% of the fees Veles collects from their profits.
- For example, if an invited user pays $50 in fees per month, you can earn up to $15.
Bonuses: Veles occasionally offers promotions, such as free USDT for subscribing to their Telegram channel or connecting your first API key.
Who is Veles For: Target Audience
Veles caters to a wide range of users:
- Beginners in Trading: The simple interface and pre-built strategies make it easy to start trading without deep knowledge. Tutorials in the “Veles Academy” (videos, articles) help users learn the basics.
- Experienced Traders: Flexible settings include indicator selection, filters, Multi-Take, and Martingale strategies. Users can trade on both spot and futures markets, combining long and short positions, and create a portfolio of bots for diversification.
- Busy Investors: Bots operate 24/7, eliminating the need to constantly monitor the market. Telegram notifications keep users informed of key events.
Pros and Cons of the Platform
Pros:
- Easy bot setup for trading on major exchanges (Binance, Bybit, OKX, etc.).
- Flexible tools for advanced traders: indicators, risk management, Multi-Take.
- Transparent fees: only 20% of profits, capped at $50/month.
- Active community: support via Telegram, webinars, and tutorials.
- Official partnerships with major exchanges, enhancing trust.
- Support for both spot and futures trading, enabling strategy diversification.
Cons:
- As with any trading, there’s no guaranteed profit—market volatility means losses are possible.
- Beginners may need time to understand terminology (e.g., margin, leverage, indicators).
- Limited exchange support: Bitget and KuCoin are not yet available, which may inconvenience some users.
- API dependency: Changes to exchange APIs or technical issues could affect bot performance.
Tips for Effective Use of Veles
To maximize Veles’ potential and minimize risks, follow these tips:
- Start Small: If you’re new, test the bot with a small deposit (e.g., $50–$100) to understand how it works.
- Use Pre-Built Strategies: Begin with verified strategies from the marketplace to avoid manual setup errors.
- Set Risk Management: Always configure stop-loss and trailing profit to protect your capital from sharp market movements.
- Diversify: Create multiple bots with different strategies (e.g., one for spot, another for futures) and trade on various pairs (BTC/USDT, ETH/USDT).
- Stay Informed: While bots operate autonomously, stay updated on global events (e.g., Federal Reserve policy changes or regulatory news) that could impact the market.
- Enable Notifications: Set up Telegram alerts to respond quickly to key events like trade closures or stop-loss triggers.
- Learn Continuously: Explore materials in the “Veles Academy” and join webinars to better understand indicators and strategies.
Beginner Strategy Example:
- Trading Pair: BTC/USDT (spot).
- Indicator: RSI (buy below 30, sell above 70).
- Stop-Loss: 5% from entry point.
- Take-Profit: 10% from entry point.
- Deposit: $100.
This strategy minimizes risk and lets you test the bot on a relatively stable pair.
Conclusion: Is Veles Worth Using in 2025?
Veles is a powerful tool for automating cryptocurrency trading, suitable for both beginners and experienced traders. With over 250,000 users and $68 million in total profits, the platform has proven its effectiveness. It combines ease of use, flexible settings, and support for major exchanges like Binance, Bybit, and OKX. The transparent fee structure (20% of profits, capped at $50/month) and active community further enhance its appeal.
However, trading cryptocurrencies, even with bots, carries risks. Market volatility, geopolitical factors (e.g., the U.S.-China trade war), and regulatory changes can impact results. To reduce losses, use risk management tools and start with small amounts.
If you’re looking for a reliable service to create crypto trading bots, Veles is an excellent choice. Try it with a minimal deposit and a pre-built strategy to explore its capabilities.
