The best cryptocurrency trading bots?

When it comes to providing the widest range of pre-set trading strategies, it's hard to beat Coinrule's wide selection. The cryptocurrency trading bot currently allows users to customise trading with more than 150 trading templates that automatically execute when market conditions meet pre-defined parameters. From accumulation strategies to long-term holding strategies and stop-loss settings, Coinrule is constantly introducing new templates to its platform. Pionex is a cryptocurrency exchange with built-in trading bots.

You can access 12 unique trading bots at no additional cost. These bots allow you to automate your trading strategy so you don't have to constantly monitor the market. Pionex has low trading commissions and a fully developed mobile app. We believe Pionex would be a great option for high volume and mobile investors.

Although Pionex supports manual trading using crypto-to-crypto conversions, its main product is its selection of trading bots. A cryptocurrency trading bot is an automated programme that executes buy and sell orders without manual entry when specific, predefined market conditions are met. Pionex uses a maker and taker fee schedule, which means that you will pay a fee when you place trades that "create liquidity in the market and "take liquidity out of the market". If you place a trade that is not immediately matched by a pending order on the books, you will pay the maker fee.

If you place a trade order that is immediately matched by a pending order, you will pay the taker commission. Choose the account style you prefer, either Starter, Professional or Enterprise. With low prices, you can easily keep up with Shrimpy and let the bot hold your investments when you don't have time. What sets Trality apart is its powerful Python API, which means Python-savvy traders can use the familiar language and libraries to develop bots.

Its in-browser coding features include intelligent autocompletion and backtesting, with in-browser debugging and rebalancing coming soon. Although this newer platform is still adding capabilities, its easy-to-use Python integration and detailed documentation make building complex bots more transparent. Pionex is a great FREE trading bot because it comes without the hassle of API keys. Over 90 percent of cryptocurrency trading now happens through these bots today.

So if you are not using one of these softwares, you could be at a big disadvantage competing against these trading bots. The template library includes more than 150 preset rules that help beginners to run the trading system that suits their needs. The platform allows various cryptocurrency trading strategies, including stop loss, take profit, and integrates the main technical indicators. The list of trading strategies that Coinrule allows is unlimited and the company regularly publishes new ideas in the platform's Knowledge Base.

Mudrex has over 7000 users and over $400 million traded on it. They are backed by well-known VCs and angel investors and have a very active and engaged community. They are connected to 8 major exchanges and are some of the few on this list that are able to support US clients as well. Best of all is rebalancing your wallet when you are trading the coins.

As I mentioned at the beginning, over 90 percent of trading is done through automated software, so everyone from top to bottom uses them, especially the big players. So cryptocurrency trading bots are completely legal. Professional traders are able to code advanced bots and use sophisticated trading tools, but normal retail traders do not have access to these tools. One order could tell the bot to exit the trade if Bitcoin goes down 1.5%, and the other could repeat the original order by collecting half of its profits if Bitcoin goes up another 5%.

If you are looking for the best bots to trade on Binance as a beginner, you can start by using CryptoHopper, Bitsgap, 3Commas, etc. If you are the type of trader who tends to make market moves driven more by your emotions than your trading strategy, a cryptocurrency trading bot could help you improve your trading. In addition, the open source cryptocurrency trading bot is available on Github, and by contributing to the project, you earn Superalgos (SA) tokens. Therefore, the user will need to understand how the market works and the technical aspects of trading with a bot.

We like this cryptocurrency bot because it is one of the few trading solutions that can help support more than one asset at the same time, as well as handle all high-frequency trading. There are plans to add more strategies and capabilities, so I expect KuCoin bots to rival other bots on the market in the near future. However, one thing to note about this trading bot is that it is more on the professional side of things, so they are a good option if you already have a bit of experience in this industry. The general concept of using an automated bot for your cryptocurrency trading efforts is twofold.

Below is a list of the best cryptocurrency trading bots with their popular features and links to websites. If you are looking for a free trading bot, try Poinex, they only charge trading fee, not month to month fixed prices. The good news about this cryptocurrency trading bot is that you don't have to have any previous trading experience to benefit from it. Trality is still a relatively young cryptocurrency trading bot, but what they lack in experience they make up for with experience and professionalism.

Nichole Distilo
Nichole Distilo

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