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FAQ
General
What is Drift Algo?
An automated crypto trading bot that finds and trades tokens on BSC, Ethereum, and Base. You control it through Telegram.
Which chains are supported?
Binance Smart Chain (BSC), Ethereum, and Base.
Is my wallet safe?
Your wallet is created automatically and your private keys are encrypted at rest. The bot only executes trades based on your configured strategy. You can export your private key at any time.
WARNING
Crypto trading is risky by nature. Only trade with funds you can afford to lose.
Wallet
Can I use my existing wallet?
Yes. During onboarding you can choose Import Wallet and paste your private key. The bot deletes your message immediately for security.
How do I withdraw?
Tap Wallet then Withdraw in the Telegram bot. Pick a chain, choose an amount, enter the destination address, and confirm. You can withdraw at any time.
Do I need funds on every chain?
No. You only need to fund the chains you want to trade on.
Can I export my private key?
Yes. Tap Wallet then Export Key. The bot sends it as a spoiler message that auto-deletes after 60 seconds. See Wallet for details.
Trading
How does the bot find tokens?
It scans for new tokens on-chain, filters them using your settings (liquidity, volume, age, price movement), and runs a full security evaluation before buying. See Trading Flow for the complete pipeline.
Why did the bot not buy a token I expected?
Common reasons:
- Token failed a security check (honeypot, closed source, tax detected, etc.)
- Token did not meet your discovery filters (liquidity, volume, age)
- You already hold the maximum number of positions
- Re-entry cooldown has not expired for that token
- Token's liquidity pool is less than 60% locked
TIP
Try lowering your minimum liquidity or volume filters if you are not getting enough trades.
Why did a trade fail?
Common reasons:
- Not enough balance for gas fees
- Slippage exceeded your tolerance
- The token contract rejected the transaction
- Price impact was too high (above 2% limit)
Can I sell manually?
Yes. Open Positions in Telegram, tap the Sell button next to the position, and confirm.
Can I buy a specific token?
Yes. Use the Manual Buy button on the home menu. You enter the token contract address, pick an amount, and the bot handles the rest. See Positions and Exits for the full flow.
WARNING
Manual buys skip some discovery filters but still check price impact and aggregate exposure. Use this for tokens you have researched yourself.
Can I pause buying on one chain?
Yes. Each chain has its own buying pause toggle. You can pause and resume buying per chain without affecting the others.
Can I run different strategies on different chains?
Yes. Each chain is configured independently through the setup wizard.
Exit Rules
How does the bot decide when to sell?
The bot sells when any of these happen first:
- Take profit reached (with profit buffer applied)
- Stop loss triggered
- Trailing stop drops below threshold
- Max hold time expires
See Exit Strategy and Trailing Stop for details.
How is the drop percentage calculated?
Both profit buffer and trailing stop calculate the drop from the peak price, not your entry price.
Example
You buy at $1.00. Peak reaches $1.80. With a 5% trailing drop:
- 5% of $1.80 = $0.09
- Sell trigger = $1.80 - $0.09 = $1.71
- This is a $0.09 drop, not $0.05 (which would be 5% of your $1.00 entry)
What is the difference between trailing stop and profit buffer?
Both let profits run, but they work at different levels. The profit buffer kicks in at your take profit target. The trailing stop activates at a separate threshold you set. See Trailing Stop for a full explanation with examples.
Configuration
How do I change my settings?
Run the wizard again with /setup or tap Config on the home menu. Your current values are shown as the starting point. You can change any step.
What are good settings for beginners?
Start with the suggested values the wizard shows. They are designed for moderate risk. Watch a few trades, then adjust based on what you see.
Are there any limits I cannot change?
Yes. The system enforces guardrails on a few settings:
| Setting | Limit |
|---|---|
| Minimum liquidity | Cannot go below $5,000 |
| Minimum token age | Cannot go below 3 days |
| Max 24h price drop | Cannot exceed 50% |
| Slippage | Cannot exceed 15% |
| Stop loss | Must be between 3% and 90% |
| Position size | Per-chain minimums (0.05 BNB / 0.02 ETH / 0.01 ETH) |
These exist to keep trading safe even if individual settings are too aggressive.
Fees
Does the bot charge fees?
Yes. The bot charges a 0.5% fee on each executed trade. The fee is reserved from the trade proceeds and swept to the platform wallet once daily in a single batch transaction. This reduces gas costs compared to collecting fees on every trade.
Your stats and ROI already account for pending (unsettled) fees, so the numbers you see are always accurate.
What about gas fees?
Gas fees are paid directly to the blockchain network, not to Drift Algo. They are deducted from your wallet balance on every transaction. Gas fees vary by chain:
| Chain | Typical gas fee |
|---|---|
| BSC | Low |
| Ethereum | Variable (can be high during congestion) |
| Base | Very low |
Are there any hidden fees?
No. The only fee charged by Drift Algo is the 0.5% per trade. All other costs (gas fees, slippage) are standard blockchain costs that apply to any on-chain trade.
How are fees collected?
Fees are reserved from each trade and collected once daily in a batch transfer. This keeps gas costs low. If a fee sweep fails, it retries the next day. Your trading is never blocked by fee collection.
Referrals
How do I earn from referrals?
Share your referral link. When your referrals trade, you earn a percentage of their trading fees. See Referral Program for full details.
How many levels does the referral program have?
Three levels. You earn from people you refer directly (L1), people they refer (L2), and one more level down (L3).
When can I claim my referral earnings?
When your balance reaches the minimum threshold (0.05 BNB on BSC, 0.005 ETH on Ethereum/Base). Tap Claim in the referral dashboard to withdraw to your wallet.