Sea of BTC works by connecting to your account via exchange APIs.
Via exchange APIs, withdrawing and transferring is not allowed, or can be set to be not allowed, therefor you retain full control of your account. You are also able to stop the service at any time by simply disabling the API access, you do not need Sea of BTC permission. Also, many exchanges offer the ability to "whitelist" specific IPs, so that only those IP addresses can connect and trade via your API key.
Once you have supplied the required API key and API secret, we are able to run our trade bot on your account. You can view your account's information and current trades at any time by logging into your exchange account, or by viewing your peformance data on this website.
We use a modified grid-trading system. A nice, short, definition of this is:
"A series of positions and open orders that are built with a predetermined spread defined by the trader."
A grid trading strategy has a few implications:
This strategy is not a get-rich-quick strategy, nor is it to be seen as some sort of side-income. Instead, it is meant to act as a hedge, or insurance, against the volatile bitcoin market. We lower risk by keeping exposure to bitcoin around 50%. We buy into the lows, and sell into the highs, so the actual balance can vary.