10 Best FREE Crypto Trading Bots in 2023 (2024)

Review, compare & choose the best crypto trading bot to automate your trading strategies and boost your crypto portfolio

Gaurav Agrawal

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Coinmonks

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23 min read

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Dec 28, 2020

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Nowadays, there are a lot of paid and free crypto trading bots. It’s a hassle for a crypto trader like you and me to choose between these services. Therefore, this article will help you choose the best bots for trading crypto.

What is a Crypto trading bot?

A Crypto trading bot is software that helps you automate your trading strategies. In other words, crypto trading bots automatically execute orders based on your trading strategy at your crypto exchange without manual intervention. This reduces risks and gives you an extra edge over manual traders.

In the days of Mt.Gox, Bitcoin traders wrote scripts to buy and sell Bitcoin to make profits. Over time these crypto bots became more sophisticated. Today you can trade any altcoin, such as Ethereum, Dogecoin, Litecoin, etc, using these trading bots.

More than 90% of crypto trading now happens through these bots today.

Exchanges are now stepping into the trading bot space and launching Grid bots and DCA bots to provide better trading tools to their customers and increase trading volume to earn more fees.

For example, KuCoin, Bybit, Bityard, BINGX also have inbuilt trading bots.

Also learn about Copy trading apps, they are very popular now a days.

Also check out the list of No KYC crypto exchanges

So if you are trying to maximize your returns, consider using these tools.

However, starting with a crypto trading bot might be confusing and overwhelming. Therefore we have picked the best and easy-to-use trading bots for you. Some of the best trading bots for crypto listed below are free and open-source software.

If you are a beginner, start with pre-building ready-to-use trading strategy templates, reducing the risk of error when automating your strategy.

I tried to keep things short; as Kofi Annan says, “Knowledge is Power. Information is liberating.” I tried to provide you with all the features of the top crypto trading bots in this article.

1. Pionex — FREE best trading bots for crypto

Don’t need to hassle with the API Keys while using Pionex. So far, there are 18 free cryptocurrency bots on 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, and Spot-Futures Arbitrage Bot (Click here).

Pionex is the exchange with in-built crypto trading bots. It’s one of the best free trading bot platforms for cryptocurrency I’ve ever seen since 2017. (the year I started buying crypto :P) It aggregates the liquidity from the Binance.com exchange and Huobi and provides a free trading bot.

Pionex also created some products on options trading, such as Lottery, where you can invest as low as $1.

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Pionex exchange recently launched its Spot-Futures crypto arbitrage bot, providing an alternative to traditional arbitrage bots.

Moreover, the Pionex trading bot is easy to use. Therefore, I prefer trading bitcoin with this trading bot.

Pionex is safe and has been granted the MAS and MBS licenses from Singapore and the U.S. It is the first crypto trading bot on my list and the best free bot in the market. However, Bitsgap has a better Grid bot when compared to Pionex, but Bitsgap is not free.

To learn more, read our Pionex Review.

2. 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.

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This provides the best performance compared to other trading bots in this article.

However, 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 customers and increase trading volume to earn more fees. For example, Gate.io and Huobi also have inbuilt trading bots.

3. 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.

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The 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.

4. Tafabot — Trading Bot with Telegram Support

Tafabot is an impressive selection of advanced trading bots, which includes the Martingale bot, Arbitrage bot, Grid bot, DCA bots, Smart Invest bot, Custom bots, and the NeuralNet bot.

This latest addition to their lineup is exceptional, using deep learning technology to analyze market trends and make profitable trades for its users. But Tafabot doesn’t stop there.

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They have also created a Telegram group (Our Tafabot), where they share the top profitable configurations with live trading sessions, allowing you to stay up-to-date and informed on the latest strategies.

And if you are new to trading or don’t have the time to analyze the market yourself, Tafabot offers copy and mirror trading, allowing you to follow the strategies of top traders.

Tafabot supports a wide range of exchanges and coins, including Binance,
Coinbase, Kucoin, BYBIT, and many others. With partnerships with some of the most reputable exchanges in the industry, such as Binance, Huobi, MEXC Global and, Bybit, OKX, you can rest assured that Tafabot has you covered.

5. 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.

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One 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.

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.

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The 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.

Another exciting feature is the built-in Demo exchange. The Demo rules run on prices directly from Binance, hence risk-free. Hence, the platform is perfect for creating your own Coinbase bot.

To learn more, read our Coinrule Review.

7. Trality — The Most Advanced Crypto Trading Bots at Your Fingertips

Founded in 2019, I discovered Trality a year later and continue to be impressed by its expanding list of innovative features. Their latest offering is the Trality Marketplace, where crypto bot creators and investors come together for mutually beneficial purposes.

Investors can rent profitable bots tailored to individual risk tolerances (low, medium, and high) and investment goals based on a full suite of metrics, while bot creators can now monetize their bots and earn passive income from investors around the world. Most importantly, all bot algorithms remain completely private (every creator retains full IP rights).

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Trality has also partnered with Binance to offer the Trality Wallet, allowing users to directly deposit funds (credit card, bank transfer, Apple Pay, or Google Pay) and immediately start trading 350+ cryptos immediately.

Trality built its reputation as a leading European FinTech expert in automation with their one-of-a-kind, in-browser Code Editor, which allows even the most intricate and creative strategies to be written in Python. Can’t code? Trality’s intuitive, user-friendly Rule Builder offers a simple drag-and-drop interface for beginners.

A nice additional feature is margin trading, and the platform is also equipped with a power backtester. Pair it with Trality’s proprietary Optimizer to fine-tune parameters and validate your ideas. Once the bot is ready, it can be set up to live-trade on popular exchanges like Binance, Coinbase Pro, Kraken and Bitpanda.

Looking ahead, Trality will soon offer two bonus programs (refer-a-friend and a Wallet bonus) and their iOS and Android mobile App. The last thing to note is that the platform has a fair pricing model for users of all experience levels. Their starting plan is absolutely free and timeless, so you can use and test the basic capacity as long as you want.

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8. 3commas — Crypto Bots Trading and Crypto Signals

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.

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  • 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 using the 3Commas Bitcoin trading bot.
  • Furthermore, the platform also offers a third-party crypto signals Marketplace.

To learn more, read our 3Commas Review.

9. Cornix — Automate Telegram-based crypto signals

Cornix is one of the best automated crypto trading platforms.

They’ve successfully combined their cutting-edge software with a simplistic, user-friendly interface (create your bot in as little as three clicks), which is one of the main reasons they have entered the list.

They also have the largest crypto signals providers marketplace, and their support is rated the best in the industry.

Cornix believes anyone can trade crypto, and they want to let people access a simple crypto trading platform without compromising on safety.

Recently released a new Advanced DCA bots.

Try Cornix for free; no credit card is required.

To learn more, read Cornix review.

Use coupon code FREE to get a 10% discount on your cornix subscription.

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10. 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: over 210,000 registered users and over 22 million transactions completed.

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Main 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 helpful if you need to do it quickly when, for example, the market starts to crash or you want to fix your earnings.

To learn more, read our TradeSanta Review.

11. Shrimpy — The social trading platform for Bitcoin [ Join Shrimpy ]

Shrimpy bot is a paid crypto trading bot service for rebalancing.

Furthermore, the feature makes it different from other bitcoin trading bot services. It helps you to automate your portfolio and rebalance it to a specific ratio.

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The Shrimpy trading bot is one of the excellent cryptocurrency trading bots in 2022, so I am listing it here.

However, it is a bot designed for portfolio management, indexing, rebalancing, and strategic backtesting.

The best part is rebalancing 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.

12. Quadency — Is it the Best Bittrex Trading Bot? [ Join Qaudency ]

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Quadency 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 an 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.

13. 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.

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Their 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 offer a discounted 14-day trial license.

To learn more, read our HaasOnline Review.

14. 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 users a graphic user interface (GUI) that provides features like detailed charts and drag-and-drop options to edit strategies.

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Margin.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

15. Wunderbit — Automate Bitcoin robot [Link]

Wunderbit facilitates the buying and selling crypto assets directly using a credit card, i.e., you can buy bitcoin with a credit card. Furthermore, the platform provides crypto trading bots to help you automate your trades.

You 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.

16. Open Source Crypto Trading Bot by Haehnchen

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), and Bybit with leverage configure
  • Free and open source
  • Fully use Websocket for exchange communication to react as fast as possible on the 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 (e.g. Trade on Bitmex with the faster-moving Binance trades/candles)
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If you are a beginner, you should prefer Shrimpy, Cryptohopper, and Pionex. These trading bots are easy to use and will lessen the complexities.

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.

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.

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 easily automate these complicated and seemingly impossible strategies.

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 provide pre-build indices, meaning they have created a bucket of tokens, and you can 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 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 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.

As I mentioned, over 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.

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.

Trading bots execute trades on your crypto exchange. Therefore you need to integrate your exchange with tax softwares to export your trades. Once exported, the software automatically calculates your profit and losses and provides a tax calculation report.

There are multiple types of trading bots, and getting started with each is different. However, in 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 allow 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.

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 much 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 with 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 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.

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.

Bybit, one of the best crypto exchange platforms, provides in-house bybit bots. You do not need a third-party trading robot provider that needs API keys and a monthly subscription. Furthermore, this Bybit bot is entirely free to use for traders. You also do not have any Bybit fees on the automated GRID bot.

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.

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, it would help if you only used HaasOnline when you have a basic idea of using HassScript, their coding language, to configure the automated bot.

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.

What is the most successful trading bot?

It’s difficult to answer unless you have internal data for these crypto trading bot providers. However, based on traffic analysis, we can see Cryptohopper, Pionex, and Bitsgap are the most successful trading bots.

Are crypto bots free?

Of course, there are free crypto bots such as Pionex. Some exchanges have inbuilt trading bots, such as Gate.io, Kucoin, and BingX.

Disclaimer — This article contains product affiliate links. We may receive a commission if you make a purchase after clicking on one of these links.

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FAQs

What is the best free trading bot in crypto? ›

Pionex — FREE best trading bots for crypto

Pionex is the exchange with in-built crypto trading bots. It's one of the best free trading bot platforms for cryptocurrency I've ever seen since 2017. Pionex also created some products on options trading, such as Lottery, where you can invest as low as $1.

What is the best crypto bot in 2023? ›

In 2023, the top 5 crypto trading bots for optimizing trades and managing 24/7 market fluctuations are 3Commas, Pionex, Cryptohopper, Coinrule, and Bitsgap 📈🤖.

What is the most successful crypto trading bot? ›

15 Best Crypto Trading Bots to Watch in 2024
  • Cryptohopper. Website: Cryptohopper. Cryptohopper stands out for its tailored trading intelligence. ...
  • 3Commas. Website: 3Commas. ...
  • TradeSanta. Website: TradeSanta. ...
  • Pionex. Website: Pionex. ...
  • Gunbot. Website: Gunbot. ...
  • Octobot. Website: Octobot. ...
  • Kryll. Website: Kryll. ...
  • ZigDao. Website: ZigDao.
Jan 29, 2024

What is the success rate of trading bots? ›

In trading, success rates of 50-60% for long-term trading systems and 70-80% for intraday trading systems are considered to be good values. However, some Forex trading robots on the market claim a success rate of 95% or even higher, in which case you should be wary, because: it could be a marketing gimmick.

Is there a free crypto bot? ›

Pionex is a cryptocurrency exchange that offers its users a range of automated trading bots for free, yielding an easy position in this best free crypto trading bot platform rank. Pionex's bots can help you automate your investment strategy, saving you time and effort.

How to get free trading bots? ›

- Pionex provides 16 free trading bots for retail investors. - The trading fee is the lowest compared to most of the major exchanges. The trading fee is 0.05% for maker and taker. - Grid Trading Bot allows users to buy low and sell high in a specific price range.

Which trading bot is legit? ›

What's the best crypto trading bot in 2024?
PlatformExchanges supportedIdeal for
Hummingbot19 dexes + 24 dexesProfessional liquidity providers and market makers
CryptoHero10Simulated trading
TokenSets3 blockchainsDeFi crypto trading bots
Coinrule10Crypto trading bots for beginners
6 more rows
Feb 12, 2024

What is the number one crypto bot? ›

1. 3Commas :A multifaceted and automated crypto trading platform that offers DCA, GRID, signal bots, and more. 2. Cryptohopper:One of the world's most customizable trading bot that offers trading strategy backtesting and optimization.

Do trading bots make money? ›

Conclusion. Trading bots have the potential to generate profits for traders by automating the trading process and capitalizing on market opportunities. However, their effectiveness depends on various factors, including market conditions, strategy effectiveness, risk management, and technology infrastructure.

Which AI bot is best for trading? ›

10 “Best” AI Stock Trading Bots (May 2024)
  • Signm. ...
  • Signal Stack. ...
  • Stock Hero. ...
  • Tickeron. Image: Tickeron. ...
  • Scanz. Scanz is the “all in one” market scanning platform made for day traders and swing traders. ...
  • Imperative Execution. Image: Imperative Execution. ...
  • Algoriz. Image: Algoriz. ...
  • Kavout. Image: Kavout.

How do I choose a crypto trading bot? ›

Thorough research is essential to understand the features, performance, and reliability of different crypto trading bots. This includes examining their historical data, backtesting results, and understanding the underlying trading algorithms.

What is the best strategy for crypto trading bot? ›

Bollinger band strategy is the most commonly used technical analysis that offers unique insights into price and volatility. In addition, it determines the overbought and oversold levels and is an indispensable tool for monitoring breakouts. It identifies entry and exit points for a trade.

What is the best trading bot for beginners? ›

Our Trading Platforms of Choice:
PlatformPriceExperience level
PionexFreeBeginner
PhemexFreeBeginner
ShrimpyThree plans — Free, Standard ($15 a month), Plus ($39 a month)Beginner to Intermediate
CoinruleFour Plans — Free, Hobbyist package ($29.99 a month), Trader package ($59.99 a month), or Pro packageBeginner to Advanced
5 more rows

Can you make a living off trading bots? ›

Absolutely, people can make money using a cryptocurrency bot! The potential earnings and time to recoup the initial investment can vary based on market conditions, the bot's performance, and the amount initially invested.

Can you live off trading bots? ›

Furthermore, earning a living solely from using trading bots in the stock market is not an easy feat. While some traders and investors have had success using bots to automate their trading strategies, the stock market is inherently unpredictable and subject to sudden changes in price and market sentiment.

Is Bybit trading bot free? ›

Try and adjust the Bybit trading bot for free now. Every trading bot for Bybit by GoodCrypto can handle any market movement and turn it into a profit.

How to trade crypto for free? ›

Top 10 Free Cryptocurrency Exchanges in 2024
  1. Zengo Wallet.
  2. HollaEx.
  3. Bitso.
  4. ChangeNow.
  5. Atani.
  6. Altrady.
  7. KRYP.TOOLS.
  8. Bitsgap.

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