crypto-dca-bot

Tool to automate scheduled cryptocurrency purchases on Coinbase Advanced Trader (Previously branded as Coinbase Pro).

Frequently used for DCA (Dollar-Cost Averaging) investment strategies.

I used to buy crypto on a weekly basis, but I found the mainstream providers charged a lot of fees for this service. I wanted to automate this process and reduce the fees I was paying by executing these trades through their trade platforms instead which have much lower fees.

Notes

• Originally started working on Binance and connecting to their APIs, but due to some personal consumer issues I've had with them, will be switching focus to Coinbase Advanced Trader.

Guide

This guide assumes you have some knowledge of setting up a Python environment and running Python scripts.

1. Create a Coinbase account and generate an API key & secret with the following permissions:

wallet:accounts:read
wallet:buys:create
wallet:orders:read
wallet:transactions:read
wallet:user:read

2. Create a .env file in the root directory of the project and add the following variables with these API details:

COINBASE_API_KEY=
COINBASE_API_SECRET=

3. Rename or copy the schedule_template.json to schedule.json and add your schedule details.

The time set is in 24 hour format and is based on the local time of the machine running the script.

NOTE: Currently, you can only schedule market order BUY side transactions e.g. BTC/GBP means you are buying BTC with the quote_currency_amount of GBP.

[
    {
        "frequency": "daily",
        "day_of_week": null,
        "time": "10:30",
        "currency_pair": "ETH/GBP",
        "quote_currency_amount": 1
    },
    {
        "frequency": "weekly",
        "day_of_week": "wednesday",
        "time": "15:45",
        "currency_pair": "BTC/GBP",
        "quote_currency_amount": 1
    }
]

3. Run main.py script.