Krypto-Trading-Bot – Die besten KOSTENFREIEN 16 Krypto-Trading-Bots (2022) Vergleichen, überprüfen und wählen Sie den besten Crypto Trading Bot , um Ihre Handelsstrategien zu automatisieren und Ihr Portfolio zu erweitern. Heutzutage gibt es viele kostenpflichtige und kostenlose Krypto-Trading-Bots. Für einen Krypto-Händler wie Sie und mich ist es mühsam, zwischen diesen Diensten zu wählen. Daher hilft Ihnen dieser Artikel bei der Auswahl der besten Bots für den Handel mit Krypto. Was ist ein Crypto Trading Bot? Ein Crypto Trading Bot ist eine Software, die Ihnen hilft, Ihre Handelsstrategien zu automatisieren. Mit anderen Worten, Krypto-Trading-Bots führen automatisch Aufträge basierend auf Ihrer Handelsstrategie an Ihrer Krypto-Börse aus, ohne dass Sie manuell eingreifen müssen. Dies reduziert Risiken und verschafft Ihnen einen zusätzlichen Vorteil gegenüber manuellen Händlern. In den Tagen von Mt.Gox schrieben Bitcoin-Händler Skripte, um Bitcoin zu kaufen und zu verkaufen, um Gewinne zu erzielen. Im Laufe der Zeit wurden diese Krypto-Bots immer ausgefeilter. Heute können Sie mit diesen Trading-Bots alle Altcoins wie Ethereum, Dogecoin, Litecoin usw. handeln. Mehr als 90 % des Krypto-Daytradings werden heute über diese Bots abgewickelt. Die Börsen betreten jetzt den Bereich der Trading-Bots und führen Grid-Bots und DCA-Bots ein, um ihren Kunden bessere Trading-Tools zur Verfügung zu stellen und das Handelsvolumen zu erhöhen, um mehr Gebühren zu verdienen. Zum Beispiel haben KuCoin , Gate.io und Huobi auch eingebaute Trading-Bots. Wenn Sie also versuchen, Ihre Renditen zu maximieren, sollten Sie die Verwendung dieser Tools in Betracht ziehen. Der Einstieg in einen Krypto-Trading-Bot kann jedoch verwirrend und überwältigend sein. Deshalb haben wir die besten und benutzerfreundlichsten Trading-Bots für Sie ausgewählt. Einige der besten Trading-Bots für Krypto, die unten aufgeführt sind, sind kostenlose und Open-Source-Software. Wenn Sie ein Anfänger sind, würde ich empfehlen, mit der Erstellung von gebrauchsfertigen Vorlagen für Handelsstrategien zu beginnen, um das Fehlerrisiko bei der Automatisierung Ihrer eigenen Strategie zu verringern. Die besten Trading-BotsDie 15 besten Krypto-Trading-Bots 👇 Ich habe versucht, mich kurz zu fassen; wie Kofi Annan sagt: „Wissen ist Macht. Information befreit.“ Ich habe versucht, Ihnen in diesem Artikel alle Funktionen der besten Krypto-Trading-Bots zur Verfügung zu stellen. 1. Pionex – KOSTENLOSE beste Trading-Bots für Krypto Sie müssen sich nicht mit den API-Schlüsseln herumärgern, während Sie Pionex verwenden . Bisher gibt es 18 kostenlose Kryptowährungs-Bots auf Pionex: Pionex Grid Trading Bot , Pionex Leveraged Grid Bot, Pionex Margin Grid Bot, Pionex Infinity Grid Bot, Reverse Grid Bot, Leveraged Reverse Grid Bot, Dollar-Cost Averaging Bot, TWAP Bot, Trailing Take Profit Bot, BTC Moon , ETH Moon und Spot-Futures Arbitrage Bot ( hier klicken ). Pionex ist die Börse mit den eingebauten Krypto-Trading-Bots. Es ist eine der besten kostenlosen Trading-Bot-Plattformen für Kryptowährung, die ich seit 2017 gesehen habe. (Das Jahr, in dem ich mit dem Kauf von Krypto beginne: P) Es aggregiert die Liquidität von der Binance.com- Börse und Huobi und bietet einen kostenlosen Trading-Bot. Pionex Bots – die besten Trading-Bots für KryptoDie Pionex-Börse hat kürzlich ihren Krypto-Arbitrage-Bot Spot-Futures herausgebracht , der eine Alternative zu herkömmlichen Arbitrage-Bots bietet. Darüber hinaus ist der Trading-Bot von Pionex einfach zu bedienen. Daher ziehe ich den Handel mit Bitcoins mit diesem Handelsbot vor. Pionex ist sicher und hat die MAS- und MBS-Lizenzen von Singapur und den USA erhalten Pionex is the first crypto trading bot on my list and the best free bot in the market. However, I believe Bitsgap has a little better Grid bot when compared to Pionex, but Bitsgap is not free. To learn more, read our Pionex Review. Buy Pionex2. 3Commas — Crypto Bots Trading and Crypto Signals [ Join 3commas ] 3Commas is one of the top crypto trading bots. I put it on the list because the UI is more for a professional trader. Recently 3Commas released a new GRID bot and a DCA bot. So if you’re a professional bot trader already, you should try 3Commas. 3Commas — bots for crypto trading
It has two subscription levels — Basic and Pro. The basic level bot price is $29/month, while the latter costs $99/month and has many more features.
The cryptocurrency trading bot on 3Commas can implement multiple bitcoin trading strategies based on technical indicators and enable trading bitcoin for profit.
The community is good, and you can buy some online courses for using the 3Commas Bitcoin trading bot.
Furthermore, the platform also offers a third-party crypto signals Marketplace.
To learn more, read our 3Commas Review.
Buy 3Commas3. Bitsgap — Grid Trading Bot for Binance [ Join Bitsgap ]
Bitsgap bot is best known for its unique grid bots. These bots allow you to perform high-frequency trading, which is only accessible to big hedge funds, or you need to buy these tools at high prices.
Bitsgap Grid Trading BotThe Grid bot distributes investment proportionally within a trading range predefined by a crypto trader.
Each time the buy limit order is filled, the bot places a new sell order right above that price. And vice versa, a new buy order is placed below any filled sell order. As long as the price stays within the borders of the trading range, the bot will be trading non-stop.
Furthermore, Bitsgap recently rolled out its Bitsgap Futures trading bot, opening and closing hundreds of small positions daily. Therefore taking smaller returns and minimizing risks.
Bitsgap algorithm is designed to maximize profit from buying low and selling high each time the price swings. Automated bots have risk-control features like Stop-loss, Trailing UP, Take profit, and several exit strategies. Moreover, the Bitsgap trading terminal offers you some top-notch tools.
A cloud-based solution, so you don’t need to download anything
Trade bots are based on a transparent and efficient logic
Risk-free bot trading simulator in DEMO mode
Backtested Strategies for a quick bot start
To learn more, read our Bitsgap Review.
Buy Bitsgap4. Cryptohopper — Trading bot Strategies and Marketplace [ Signup Link ]
Cryptohopper is a paid crypto trading bot for bitcoin and other cryptocurrencies. But before jumping into the paid membership, you have a free trial for 7 days in Cryptohopper.
Cryptohopper bots for crypto tradingOne of the well-known trading bots on Cryptohopper is the market-making bot. However, compared to Grid bots, Cryptohopper allows you to create your own trading strategies and copy others using the Cryptohopper marketplace.
You can also copy trading signals and templates.
CryptoHopper telegram bot would help you automate your crypto trading signals.
CryptoHopper Marketplace allows you to buy third-party services such as crypto signals, trading strategies, apps, and templates. Moreover, the bot offers a demo trading account, strategy designer, social trading platform, paper trading mode, and market arbitrage tool.
The tagline of Cryptohopper exchange is quite eye-catching to me: Best automated crypto trading bot ;)
To learn more, read our Cryptohopper review.
Buy Cryptohopper5. KuCoin — Crypto trading bots for beginners
Everyone knows KuCoin is an easy-to-use and safe cryptocurrency exchange.
However, KuCoin has few built-in trading bots, such as Grid bots for both spot and futures markets and a DCA bot.
Kucoin is an exchange; therefore, these bots will be able to execute trades much better than any third-party bots connecting your crypto exchange using API keys.
Kucoin — Crypto trading bots for beginnersThis provides the best performance compared to other trading bots in this article.
However, we think Pionex has a much better user experience and bot coverage.
In addition, the KuCoin trading bot allows you to enjoy free trading strategies.
Exchanges are now stepping into the trading bot space and launching Grid bots and DCA bots to provide better trading tools to their own customers and increase trading volume to earn more fees. For example, Gate.io and Huobi also have inbuilt trading bots.
6. Coinrule — You can make your own Coinbase Trading Bot! [ Join Here ]
Coinrule is a next-level bot for beginners. The “if-this-then-that” rule allows even less advanced crypto traders to build their cryptocurrency trading strategy in a minute. The user-friendly interface guides users in making the trading bot step-by-step.
Coinrule — Build bots for crypto tradingThe template library includes over 150 pre-set rules that help beginners run the trading system that suits their needs.
In addition, the platform allows various cryptocurrency trading strategies, including stop loss, take profit, and integrating the leading technical indicators.
The list of trading strategies that Coinrule allows is limitless, and the company regularly posts new ideas in the platform’s Knowledge Base.
Ein weiteres spannendes Feature ist der eingebaute Demo-Austausch. Die Demo-Regeln laufen auf Preisen direkt von Binance, daher risikofrei. Daher eignet sich die Plattform perfekt, um Ihren eigenen Coinbase-Bot zu erstellen.
Um mehr zu erfahren, lesen Sie unseren Coinrule Review .
Coinrule kaufen7. Cornix – Automatisieren Sie Telegramm-basierte Krypto-Signale
Cornix ist eine der besten automatisierten Krypto-Handelsplattformen.
Sie haben ihre hochmoderne Software erfolgreich mit einer einfachen, benutzerfreundlichen Oberfläche kombiniert (erstellen Sie Ihren Bot mit nur drei Klicks), was einer der Hauptgründe dafür ist, dass sie in die Liste aufgenommen wurden.
Sie haben auch den größten Marktplatz für Anbieter von Kryptosignalen , und ihre Unterstützung wird als die beste in der Branche bewertet.
Cornix glaubt, dass jeder Krypto handeln kann, und sie möchten den Menschen den Zugang zu einer einfachen Krypto-Handelsplattform ermöglichen, ohne Kompromisse bei der Sicherheit einzugehen.
Kürzlich wurde ein neuer Advanced DCA-Bot veröffentlicht.
Testen Sie Cornix kostenlos; Es ist keine Kreditkarte erforderlich.
Um mehr zu erfahren, lesen Sie die Cornix-Rezension .
Verwenden Sie den Gutscheincode KOSTENLOS, um 10 % Rabatt auf Ihr Cornix-Abonnement zu erhalten.
Corniche-Bot8. Shrimpy – Die soziale Handelsplattform für Bitcoin [ Shrimpy beitreten ]
Shrimpy Bot ist ein kostenpflichtiger Krypto-Trading-Bot-Service zum Rebalancing.
Darüber hinaus unterscheidet sich diese Funktion von anderen Bitcoin-Trading-Bot-Diensten. Es hilft Ihnen, Ihr Portfolio zu automatisieren und auf ein bestimmtes Verhältnis auszurichten.
Shrimpy Bots KryptohandelThe Shrimpy trading bot is one of the excellent cryptocurrency trading bots in 2022, and that’s why I am listing it here.
However it is a bot especially designed for portfolio management, indexing, rebalancing, and strategic backtesting.
The best part is to rebalance your portfolio when you are hodling the coins. It supports 10+ crypto exchanges.
The Shrimpy crypto trading bot only executes a few trades every day. So it’s better for a HODLER.
Shrimpy also released a copy trading feature, using which you can follow other crypto traders. One thing I like about Shrimpy is that it has a chatbox Ao where you can shill your favorite coins. 😃
To learn more, read our Shrimpy review.
Buy Shrimpy9. Quadency — Is it the Best Bittrex Trading Bot? [ Join Qaudency ]
Quadency bots crypto tradingQuadency provides a lot of inbuilt bots for both beginners and pro traders. The bot they have is the TradingView bot. Using this bot, you can create strategies on Tradingview and execute them on your broker/exchange account.
The best part of the Quadency trading bot is the backtesting feature, which allows you to backtest your strategies based on data and numbers instead of shooting them in the dark.
It’s also the essential feature of a crypto bot; it’s always nice to know the performance of historical data before using your money with the crypto trading bot. Furthermore, the platform provides a range of features and comes out as one of the best Bittrex bots.
Quadency also released the QUAD token.
It also allows you to swap on DEXs and plan to move towards decentralized exchange.
To learn more, read our Quadency Review.
Buy Quadency10. Botcrypto — Simple Bitcoin Trading Bot [Link]
Botcrypto is a very interesting platform if you want to personalize trading bots. They developed a drag and drop interface where you can combine more than 20 technical indicators (RSI, MACD, Moving Averages, Ichimoku Clouds, …) with building your strategy. So you don’t need to code! Stop losses take profits, and notifications are also available.
BotcryptoBacktests and real-time simulations are free. When you’re ready to go, subscriptions start at 12$/month.
To learn more, read our Botcrypto review.
Buy Botcrypto11. TradeSanta — Automated Crypto Trading Software [ Sign up Here ]
TradeSanta trading bot works on eight main exchanges, Binance, Bittrex, HitBTC, and Bitfinex to help you crypto trade simultaneously on them.
It is a cloud-based crypto trading bots platform that has been on the market since 2018. It has already helped hundreds of thousands of users simplify their daily trading: there are already over 210,000 registered users and over 22 million transactions completed.
You’ll need to pay from $14 to $70 per month according to your package.\
TradeSanta Crypto BotMain Features
TradeSanta bots can trade on both futures and spot markets.
TradeSanta offers a variety of signals, like TradingView custom signals, pre-built signals based on TradingView Screener and technical indicators like Bollinger Bands, MACD, RSI, etc.
Stop loss, trailing stop loss, trailing take profit, and other risk management tools.
DCA and grid strategies.
Demo trading allows you to test your strategy against the real market conditions without putting in any real money.
Telegram notifications and real-time tracking so you can always check what your bots are doing.
TradeSanta also has a nice feature that allows you to quickly close all positions and transfer all your assets into USDT or BTC. It can be pretty helpful if you need to do it quickly when, for example, the market starts to crash, or you just want to fix your earnings.
To learn more, read our TradeSanta Review.
Buy TradeSanta12. HaasOnline — The most advanced Algo Trading Software[ Join Here ]
HaasOnline is a paid cryptocurrency trading software that is unlike any other. Similar to the other trade bot, they offer your standard pre-built trading bots for strategies like arbitrage, market-making, and other tools.
However, with the release of HaasScript, their scripting language, you can develop highly complex trading bots using a drag-and-drop designer or intelli-sense editor. Hence it provides one of the best-automated trading software out there. You also can backtest or paper trade your strategies before executing live trades on over 25 exchanges.
HaasOnline BotTheir current bitcoin trading software is a locally hosted non-custodial trade server, which offers complete discretion and privacy, keeping prying eyes away from your trade data and strategies. They also plan to launch a cloud version for retail traders. There’s no free trial, but they do offer a discounted 14-day trial license.
To learn more, read our HaasOnline Review.
Buy HassOnline13. Margin.de
Margin.de is a powerful crypto trading bot that was launched in 2014. The platform offers all its services through an application that can be downloaded. This application allows users to set up different strategies to buy or sell cryptocurrencies. Further, the Margin.de platform offers its users a graphic user interface (GUI) that provides features like detailed charts and drag-and-drop options to edit the strategies.
Margin.de trading botMargin.de supported cryptocurrency exchanges including Binance, Bitfinex, CEX, Bitstamp, Kraken, Kucoin, OKEx, and many others. Moreover, when talking about the pricing plan, the platform is built on a one-time license fee inclusive of the starter, standard and professional plans which cost $129, $259, and $2,999, respectively.
You can get 15% on Margin de by using our coupon code.
Coupon code- COINMONKS
14. Wunderbit — Automate Bitcoin robot [Link]
Wunderbit facilitates the buying and selling of crypto assets directly using a credit card, i.e.; you can buy bitcoin with a credit card. Furthermore, the platform provides crypto trading bots that can help you automate your trades.
WunderbitYou can also use Wunderbit’s crypto trading signal Marketplace or the copy trading platform to follow the best traders and completely automate your trades. Furthermore, the copy trader can select from a list of top traders and bots. First, however, the copy trader has to pay a commission from his/ her gains to the experienced trader.
In addition to all of the features, the platform also provides a DCA bot, Spread trading, Smart trading, crypto portfolio tracker, multiple account management, etc. The platform uses API keys. Hence, all of your funds are secure at your respective exchanges.
Wunderbit trading even has its own in-house crypto exchange platform, allowing you to use the trading bots with zero fees. You can directly deposit funds in your Wunderbit account and begin your automated trading. The platform is also coming out with its GRID and Arbitrage trading bot.
To learn more, read the Wunderbit review.
15. Superalgos — Free and Open-Source Crypto Trading Bot [Link]
If you are a trader or developer looking to build sophisticated crypto trading bots with your own strategies, look no further than Superalgos.
It provides free cryptocurrency trading bots and is one of the most powerful, flexible, and extensible platforms.
Furthermore, the open-source crypto trading bot is available on Github, and you earn Superalgos (SA) tokens by contributing to the project.
Superalgos — Automated crypto trading botsThe AI crypto bots by Superalgos prevent you from wasting time on infrastructure issues and help you focus on building intelligence. Superalgos is created to own power; the free trading software can handle coordinated deployments of data and trading tasks across multiple machines in networks!
For example, raw market data downloads from exchanges, local processing of data into standard and custom indicators, the visualization of data over the built-in charting system, the visual design of strategies following a professional framework, and the different kinds of trading sessions, including backtesting, paper trading, forward testing, and live trading, each of them producing visual simulations over the charts that you may debug right then and there, on a visual environment.
Even though Superalgos is a free bitcoin bot, not everyone can simply install it and begin using it in a day or two. It’ll take time to master the software; however, the tutorials and documentation will help you get started. The software unleashes the power, and to optimize such a thing to its fullest potential, you’ll have to master it over time.
Furthermore, using Superalgos as a free bitcoin trading bot also comes with additional perks. For example, by contributing to the project, you get a chance to earn free bitcoin.
To learn more, read our Superalgos Review.
Buy Superalgos16. Open Source Crypto Trading Bot by Haehnchen
As most trading bots just provide basic buy and sell signals, they provide many stuff to get profitable eg, exchange orders like stop-losses or stop-limits are not supported by main bots. Also, the limitation of fixed timeframe and technical indicators must be broken.
Using this bot, you can create new strategies, and backtest them.
Telegram Bot Support
Supports (Bitmex, Binance (Futures and Margin), Coinbase Pro, Bitfinex (margin wallet), Bybit with leverage configure, FTX (Perpetual Futures only)
Free and open source
Fully use Websocket for exchange communication to react as fast as possible on market
Multi pair support in one instance
sqlite3 storage for candles, tickers, …
Webserver UI
Support for going “Short” and “Long”
Signal browser dashboard for pairs
Slack and email notification
Join foreign exchange candles (eg. Trade on Bitmex with the faster moving Binance trades / candles)
What are the best Trading bots for Beginners?
If you are a beginner, you should prefer Shrimpy, Cryptohopper, and Pionex. These trading bots are pretty easy to use and will lessen the complexities.
Do trading bots really work? ✅
Trading bots work; it will always be your strategy that will create problems for you 😃. The trading bot’s job is to execute the order based on your configuration. So if your configuration, aka trading strategy, is good, you will be unstoppable.
❓Are crypto trading bots profitable?
Your trading strategy yields profits for you, not the trading bot. However, in some cases like Grid trading bots, they will yield profits if you run them long enough in a sideways market. So if you think are crypto trading bots worth it? Then start with a free one, Pionex.
When should you use a Crypto trading bot?
Many functions that a well-executed bot can conduct for you are rebalancing, portfolio management, data collection, intelligent order routing, etc.
What exactly can you improve with trading bots? Let’s take a look.
#1 Repetitive Tasks
Repetitive tasks consume a lot of time and effort. A crypto trading robot will allow you to virtually “copy and paste” specific tasks to conduct trades easily. One of the best ways bots can help with repetition is periodic rebalances. If you want to conduct hourly rebalances, then you’ll need to, as the name suggests, rebalance your portfolio every hour. So, you have two options:
Set the alarm every hour to rebalance the portfolio and lose your sanity in the process.
Create a trading bot and program it to rebalance your portfolio every hour till the end of time.
#2 Timing
Timing and achieving a high degree of accuracy in your trading are essential. Every crypto trade you make can enormously impact your potential earnings. Let’s take an example. Suppose the price of Bitcoin is going down, and you want to sell your position the moment BTC hits the $59,000 support line. If you were to do this manually, you’d have to patiently and carefully observe the price chart, and even then, you may not pull the trigger at the right time. The trading bot can be easily programmed to monitor the market and execute a trade at the correct times.
#3 Complications can be simplified
Consider the example of “smart order routing.”
The idea is to route trades through numerous trading pairs.
Every single trading pair needs to be carefully determined as per its timing, asset quantity, and trading price.
This entire route must be finished within a specific time limit before the market conditions change.
It seems pretty easy to understand, right? However, the execution of this trade could be nearly impossible. This is just one of the many examples of the complexities that should be factored in while training. Some strategies could be almost impossible to implement.
Trade bots could be used to automate these complicated and seemingly impossible strategies easily.
How do I pick the best crypto trading bot? 🏅
Here are some key points when choosing a new crypto trading bot.
Non-custodial — The safety of your cryptocurrencies should always be the first priority, so always choose software that doesn’t ask you to deposit your crypto on their platform. In our list, only Pionex needs that, which I use daily. Pionex uses Binance and Huobi on the backend to safeguard your crypto.
Mobile App/ Mobile View — On mobile, you can monitor your trading bot easily. Therefore, always choose a trading bot with proper mobile support. I recommend Pionex; they have the best mobile app for crypto trading.
Pre-build Templates — When I ran my first trading bot, it was an overwhelming experience. I made some mistakes, trial, and error, before being able to get my trading strategy automated. However, today many trading bot platforms provide you with pre-build, well-tested trading bot templates you can start with. Check out Cryptohopper for that.
Drag and Drop or Coding Script — There are two ways to implement your trading strategy: you write a code for that or use drag and drop tools, such as those provided by Mudrex. There are limitations to drag-and-drop tools, but if you are a beginner and don’t have coding knowledge, I recommend you stick to drag-and-drop tools.
Backtesting — Always backtest your trading strategy before making it live. While backtesting, you will need historical bitcoin and other crypto pricing data. Therefore, choose a platform with sufficient pricing history.
Indicators — You might need advanced trading indicators when automating your strategy; therefore, make sure the platform supports the trading indicators you are looking for. Additionally, many social and on-chain data indicators are beneficial, so also look for them.
Indices Providers — Many platforms such as Mudrex and Napbots provides pre-build indices, meaning they have created a bucket of tokens, and you can simply invest any bucket of your choice. However, this is more of investing than trading.
Price — I believe you should always look for the best trading tool and not worry about if it’s a little expensive because your trades will automatically pay for the tool.
Cloud-Based or Self-hosted — Seft hosted solution is suitable for security, but it suits people with resources. I recommend you go with a cloud-based solution to get the best experience.
Trading Communities — In today’s world, where information is money, trading communities help you get updated with the latest news, new trading trends, and much more. A beginner can learn a lot in these communities. If you wish, you can join the Coinmonks community.
Support and Tutorial — Trading platforms develop many blogs and videos for their users to help educate them about their platform. It is super helpful for beginners. It ain’t a good product if it doesn’t provide good documentation of its product or customer support. Especially where money is involved.
Integration with Crypto Tax software — The first time I ran the Grid trading bot, it made more than 900 trades in 45 minutes, I made some quick bucks, but I was worried all my profits would go to my accountant/CPA. At that time, I realized why trading bots must integrate with tax software. Therefore, make sure to choose a trading bot that provides an integration of tax software. I also wrote a guide comparing the best crypto tax software; you might want to check it out too.
Team, Company & History — Finally, check out companies background because it is essential because you will be giving access to your exchange trading account to the software. So search for if the software has ever been hacked, the founders’ background, and the company’s history.
Are crypto trading bots legal? 🚤
As I mentioned, more than 90% of the trading happened through automated software. Therefore, everyone from top to bottom is using them, especially the big players. So crypto trading bots are entirely legal.
How do crypto trading bots work? 🖥
There are different bots because it depends on how crypto trading bots work. Let’s see some major categories.
Custom Trading Strategy — You work with technical indicators or invest long term using dollar-cost averaging or implementing moment trading or mean reversal strategy. You can automate any custom trading strategy through trading bots. Many of the above trading bots, such as Trality and Haasbots, allow you to write code on their platform, using which you can automate any complex trading method.
Crypto Arbitrage Bot: Arbitrage means buying from a lower price and selling in another place at a higher price. There are many different ways to do arbitrage in crypto. However, check out Pionex’s spot futures arbitrage bot if you want risk-free arbitrage.
Copy Trading: Here, the central concept is to copy another’s trader strategy; you don’t need to do anything. The platform copies trade for you. Your main task is to select a good trader you want to copy.
Grid Bots: Grid bots enable you to perform high-frequency trading. Grid bots do a low of traders at very close price ranges and try to create profit for you. Of course, you choose the price range and grid configurations.
Market-Making Bots: Market-Making bots mainly create liquidity, similar to Grid bots. However, they perform near the market price by creating orders on both sides of the order book and making small profits.
How to build a crypto trading bot?
You can try Trality to code your strategy in Python if you are a coder. However, I suggest you use simple drag and drop or If-else solutions such as those provided by HaasOnline, Cryptohopper, or 3commas to automate your trading. They are easy to use and charge almost nothing.
How do you file taxes for crypto bot trading? 🏛
Trading bots execute trades on your crypto exchange. Therefore you just need to integrate your exchange with tax softwares to export your trades. Once exported, the software automatically calculates your profit and losses and provides you with a tax calculation report.
How can you create a crypto trading bot yourself?
There are multiple types of trading bots, and getting started with each of them is different. However, almost all cases, you need to integrate your crypto exchange with the trading bot.
However, creating an API key on an exchange like Binance or others only provides necessary permissions related to trading. For example, do not provide wallet withdrawal permissions.
Most trading bot platforms allows you to test your trading strategy with fake money.
Trading Strategy Automation
To automate your trading strategy, you should use the following steps before starting the bot.
Implementation — First, you must check how you will implement the strategy by “Drag and Drop” or by coding it. This will create your strategy on the platform so you can backtest it.
Backtesting is an essential step when working with a trading strategy. The trading bot platform runs your strategy on historical data and provides valuable insights. Make sure your backtest must be realistic to understand the role of variables like trading fees, slippage, and latency. According to the performance result, you can fine-tune your strategy.
Execution — In this phase, you need to make your strategy live.
Pros and Cons of using trading bots for crypto trading ⭐️
Let’s see some benefits of using trading bots:
Automation — Trading bots enable you to automate your trading strategy. Therefore, if your strategy is sound, bots will help you earn money 24*7.
Analyze and Fine-tune — Trading bots provide a lot of information on your strategy's performance. You can analyze this information to fine-tune your strategy.
Execution — A trading robot can execute trades much more efficiently than a human. This provides you an extra edge by avoiding latency and emotions.
Let’s also look at some of the disadvantages of trading bots:
Beginners should avoid it — Other than Grid trading and maybe copy trading, beginners should avoid custom coding trading strategies. If you just sign up on Binance and try to get a Binance trading bot, you are probably trying to rekt yourself.
Monitoring — Crypto market is highly volatile. Therefore, you should constantly monitor your bots. Sometimes it might give you sleepless nights.
Security — Crypto bots have access to your exchange trading account. Therefore while creating exchange API keys for integrating with exchanges, ensure you provide only needed permissions and profile the history of the trading bot and the team.
Tips for Crypto Trading 💲
I have been in crypto for the last 3 years, and here are some pro tips for you.
Only provide necessary permissions. This is a primary security measure that you should apply in crypto or dealing with software in general.
Only use reputed exchanges like Binance, Coinbase, Gemini, Kraken, etc. Check out our list of best crypto exchanges.
Whitelabel your IP address if possible to restrict access to your account by specific IPs; however, this is only suggested for experienced people. Some trading bots, such as the Kucoin crypto trading bot, allow you that.
Use your mobile to monitor your trading bots.
Try crypto signals, which can also be automated through trading bots like Cornix.
And always remember, not your keys, not your crypto. So slowly try to buy a cryptocurrency hardware wallet and take up custody of your assets.
If you want to dig deeper, read our guide on crypto investing.
What are the best KuCoin trading bot?
KuCoin, one of the best crypto exchange platforms, provides in-house KuCoin bots. You do not need a third-party trading robot provider that needs API keys and a monthly subscription. Furthermore, this KuCoin bot is entirely free to use for traders. You also do not have any KuCoin fees on the automated GRID bot. You can read our article to learn more about the KuCoin trading bot.
What are the best Coinbase trading bots?
You’re a resident of the USA and wondering how to use a trading bot on Coinbase? Well, various crypto bots providers can help you in that case. From my personal experience, I’d suggest you go with Bitsgap or 3Commas as they are the best Coinbase Pro trading bots available in the market. Alternatively, if you don’t want to pay extra for a monthly subscription, you can choose Pionex.
What are the best Binance trading bots?
If You're Looking for the best Binance trading bots as a beginner, you can start by using CryptoHopper, Bitsgap, 3Commas, etc. Furthermore, if you like having complete control over your trading bots, Quadency or HaasOnline can be a perfect choice. However, you should only use HaasOnline when you have a basic idea of using HassScript, their coding language, to configure the automated bot.
What are the best Bittrex Trading Bots?
The best Bittrex trading bots include 3Commas, CryptoHopper, Bitsgap, etc. Further, you can also automate your crypto trading free bots. One of them is SuperAlgos. However, SuperAlgos is pretty complex for beginners; hence, you can instead use one of the 16 free trading bots of Pionex.
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