Veles Finance explained: what the crypto bot does and how to try it

Veles Finance is a service for setting up crypto trading bots. You choose trading rules, and the software can place orders on a connected exchange. It saves repetitive clicking and watching charts, but it does not know where prices will go.

Disclosure: this article contains referral links. We may receive a commission if you register and use the service through them.

Want to see the tools first? Explore Veles Finance

What does the bot actually do?

Think of it as a trading checklist that runs automatically: enter when your conditions are met, manage orders and exit according to your settings. Veles supports single-entry and averaging-grid strategies, indicator signals and backtesting on historical data. Averaging means adding to a position; it also increases your exposure if prices keep falling.

Which coins and exchanges can it trade?

The official guides list connections including Binance, Bybit, OKX and Gate, with spot and futures options depending on the exchange. Spot means buying or selling coins. Futures are contracts and can involve leverage and liquidation. A pair such as BTC/USDT or ETH/USDT must be available in your selected Veles connection, not just somewhere on the exchange.

Availability depends on your country and account. Connecting a bot does not bypass exchange restrictions. Check the available connections in Veles

A simple example, not a profit forecast

Imagine a spot strategy buying ETH for 100 USDT and selling that purchase for 102 USDT. The difference is 2 USDT before costs. If ETH instead falls, the position loses value; the bot cannot force a recovery. Check the reference value using our ETH to USDT converter.

How much does Veles cost?

Checked November 1, 2026: the published bot fee is 20% of gross profit on profitable trades, capped separately at 50 USDT per month for spot and futures USDT-M. Exchange fees are extra. Stop-loss losses are not deducted when calculating that service fee, so you can owe fees even during a losing month. Advanced backtesting has separate paid plans. Check current terms before launching.

Try the process before risking a deposit

1. Choose an exchange and market available where you live.
2. For the API-connected setup, allow only required trading permissions, disable withdrawals and use IP restrictions where supported.
3. Select one understandable strategy and run a historical backtest. Look at drawdown and stuck trades, not just the winning number.
4. Only consider live trading after setting a loss limit and understanding how to stop the bot and manage remaining orders.

Open Veles and explore strategy testing

Where does the money stay?

In the exchange-API setup described here, trading funds remain on the exchange. The Veles service balance pays its fees and is separate. Trading permission still lets software make losing trades, so a key without withdrawals is not risk-free. Backtest results also cannot guarantee live performance.

Do I need to watch it?

Yes. Review open positions, fees and connection errors. Automation reduces manual work; you remain responsible for the rules and the money.

Is it worth exploring?

If you want to turn clear rules into repeatable actions, the historical-testing workflow is a useful place to start. Take a look at Veles through our referral link