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How to Fix Invalid License Error on Gunbot

October 16, 2019

How to Fix Invalid License Error on Gunbot


As people become more and more interested in the profitability of the cryptocurrency world, most traders nowadays take full advantage of trading bots to augment their yields and take their online investment venture to the next level. The invention of trading bots has made it a lot easier for traders to make money without having to put on that much effort in closely monitoring and analyzing the market industry all the time. As a trader, these bots enable you to generate passive income even as you get going on your busy life.

Speaking of trading bots, while there are lots of automatic bots that people can use in buying and selling in the crypto market, Gunbot has been one of the leading automated crypto trading software. 


What is Gunbot?


Gunbot is designed for both newbies and advanced traders. It also has diverse unique features that separate it from other trading bots. This is one type of trading bot that makes your trading experience more effective and efficient. Gunbot can be installed on different operating systems such as Mac, ARM, Windows, and Linux. It can also operate in different exchanges, and its other features are as follows:


  • One-time payment for a lifetime license. This means that you will only pay as you purchase the software. All updates, version and feature upgrades are free. 
  • It supports numerous exchanges with just a single installation. You will not need to install the software several times if you wish to use a different exchange. Such exchanges include Binance, Huobi, Bittrex, Bitfinex, Kraken, Cryptopia, CEX.IO, KuCoin, Coinbase, Bitmex, and Poloniex.
  • Unlimited trading pairs. This feature is applicable to every Gunbot edition. You will not be restricted as to how many trading pairs you can use upon your installation. 
  • Gunbot is optimized to work on both your desktop and mobile device. You can easily manage your settings as well as check your trades whenever, wherever.
  • It has its own featured strategies that you can make use of while you’re trading. You also have the option to set your own trading style according to your own liking.
  • Other featured addons: TradingView, this gives off trading alerts by email and trades accordingly. Cryptosight, allows you to track your trade and profitability. Extra exchanges. Exchange API Swap. Backtesting Tool Pack, to optimize and simulate your settings. 


For every crypto-traders information, each Gunbot license has its own unique API key and secret. After you have installed the software, before you can fully utilize Gunbot for your trading purposes, you will need to activate your license. 

Although this type of trading bot reigns with a good deal of advantages, it doesn’t mean that nothing could go wrong while you use the software. Furthermore, errors could occur at any time. The most common error that traders experience is after the software installation. 

If you have just installed your own Gunbot license and encountered an “Invalid License” error, know that there is a way to fix it. We will discuss the “Invalid License” error in this blog post. What causes it? How to fix it? As well as, how you can prevent it from happening.


“INVALID LICENSE ERROR”


There are two important things that you must consider upon purchasing the Gunbot software. It is important that you secure your API Key and Secret to activate your license and start trading. 

Keep in mind that every Gunbot license is linked to an API key. Also, your API KEY = MASTER KEY. The software makes use of your API Key as a license key to prevent fraud. 

Consider your API Key and Secret as your email password or even as your credit card pin, that’s how important those two are in your trading pursuits.

More so, it is also possible for you to change your original API Key from the same exchange or for an API Key from a different exchange. Note that API exchanges are not for free, you will only be given a number of free exchanges depending on the type of license you have purchased.


What are the Usual Causes?

A Gunbot Invalid License Error may signify that the API Key given in the Gunbot GUI or the Gunbot Config.js may not be registered as a Gunbot License. 


How Can You Fix it?


Your API Key will be made up of different characters so if you have encountered this type of error, here are two things that you can do before escalating the problem to your seller:


  • Verify if you have typed the correct API or a licensed API Key in the Gunbot configuration files.
  • Check if you did not accidentally add extra characters and/or unnecessary space/s to your API string. 


Furthermore, check if you did not mix up the API keys ie: put a Bittrex API key in the Binance API field in the following:

  • API Key in the Gunbot GUI - see if the public API Key and Secret API Key that are given in Gunbot GUI localhost: 5000 for errors or blank spaces. 
  • API Keys sent reseller - see the public API Key on your exchange/s and check if you have sent the same API Key to your reseller. 
  • Config.js file - see your public API Key and Secret API Key in Gunbot config.js file in your Gunbot config folder to verify if the GUI is updating the API Keys in config.js file properly. 


How Can You Prevent it From Happening?


  • Make sure you bought your Gunbot License from an official and trusted affiliate like Crypto Daily Trading
  • Check if you have put your correct API Key and secret. Blank space/s, missing character/s and/or extra character/s will cause the error. Also, keep in mind that it is a common thing to add blank spaces at the right or left when you copy and paste an API Key or secret.
  • Do not manually type your API Key and Secret. 
  • Make sure to secure your API Key and Secret in a safe place. As for most exchanges, it only shows the secret the first time you create your API, so you need to save it instantly or you won’t be able to get your secret again. 


Now, if you have already done all the necessary troubleshooting steps written above and you are still getting the same “Invalid License” error, shoot us a message via our Contact Us page. We will surely fix the issue as soon as possible!