Best Bitcoin Trading Bots to Use in 2023
the author
Jay
date post
Jun 12, 2023
Are you looking for a way to streamline your cryptocurrency trading and reduce the risk of asset loss? Then look no further than trading bots! These automated tools execute orders around the clock and analyze data to provide aggregated information to traders, improving their performance and allowing them to generate profits even while they sleep.
But with so many Bitcoin trading bots on the market, it can be tough to know which ones are worth your time and money. That’s why we’ve curated a list of the best trading bots for 2023, each with unique features and benefits.
Pionex: The All-In-One Exchange with Free Built-In Trading Bots
Pionex is an exchange site with 16 built-in trading bots that you can use for free. With Pionex, traders can choose from a range of popular bots, including the Grid Trading Bot, Infinity Grid Bot, and Leveraged Grid Bot. The Grid Trading Bot is particularly useful for buying low and selling high within a set range, while the Leveraged Grid Bot allows you to trade with 3x leverage.
One of the best things about Pionex is its user-friendly interface, which makes it easy for traders who are unfamiliar with trading bots to get started. Plus, the bots offer fast performance since they aggregate liquidity from top exchanges like Binance and Huobi Global. The most popular cryptocurrencies are Ethereum, Solana, Dogecoin, and Shiba Inu.
Bitsgap: The All-In-One Trading Platform with Intelligent Grid Bot
Bitsgap is another all-in-one trading platform that features an intelligent Grid Bot, which automatically places sell orders at higher prices whenever a buy order is completed. The bot continuously monitors the market and doesn’t stop trading until the price exceeds the predefined trading range. This ensures that traders can generate profits even when they’re not actively monitoring the market.
Bitsgap’s algorithm distributes investments proportionally according to the trading range set by the user. This feature ensures that traders can manage their assets effectively and optimize their performance. Some of the supported coins are Bitcoin, Bitcoin Cash, Cardano, Litecoin, and more.
Trality – Ideal for Developers and Novices
Trality offers a user-friendly platform with a comprehensive in-browser Code Editor. It’s perfect for professional traders and developers who want to create personalized algorithms using Python. Trality also offers a Rule Builder feature for those without coding experience. This feature uses drag-and-drop functionality to make the process of creating bots easy. Once your bot is ready, you can connect it to Binance, Coinbase Pro, or Kraken and start trading.
TradeSanta – A Cloud-Based Trading Bot for Every Trader
TradeSanta is a cloud-based trading bot that’s suitable for traders of all levels. Established in 2018, it’s supported in many leading exchanges, including Coinbase. With its algorithmic strategies, TradeSanta helps traders execute trades more efficiently. Its bots use trading signals such as MACD, RSI, and Bollinger to analyze the market. Additionally, TradeSanta has a mobile app to track your trading bot’s activities.
Coinrule – The Ideal Bitcoin Trading Bot for Beginners
For beginners, Coinrule is an excellent option. With its user-friendly interface and ‘if-this-then-that’ framework, it’s easy to create the perfect trading system for you. Coinrule has a library of over 150 preset rules that you can mix and match to develop your trading bot. You can test your bot with Coinrule’s Demo exchange before trading with real money. Once you’re confident, you can start executing trades on Binance.
3Commas – The Go-To Trading Bot for Professional Traders
3Commas is a trading bot with a complex interface that’s ideal for professional traders. It offers an array of features, including backtesting, trailing stop loss, and portfolio tracking. One of its most significant benefits is the ability to compare your portfolio with those of other traders. This way, you can learn from their strategies and incorporate them into your trading system. 3Commas trades on some of the most popular exchanges, including Binance, KuCoin, and Bittrex.
HaasOnline: Combining Functionality and Inclusivity
HaasOnline is a popular Bitcoin trading bot that combines functionality and inclusivity. It offers some of the most advanced trading bots in the industry, supported on 24 different exchanges. Its backtesting engine stands out, using data from up to 56 weeks in the past to find technical flaws and other information that is vital in creating a new and improved strategy. The flash crash trade bot allows you to make spread orders on your preferred crypto markets.
Zignaly: Ideal for Beginners
For beginners looking to use bots, Zignaly is an ideal choice. It is focused on providing an accessible way to start trading with bots, with its low-barrier entry. Its trading bots can be programmed to make stop-loss and take-profit orders, and they can trade multiple pairs simultaneously. Zignaly is available in all operating systems and major exchanges such as Binance and Bitfinex.
Cryptohopper: Trading Templates for Sale
Another popular Bitcoin bot trading platform that offers trading templates for sale is Cryptohopper. This site provides a marketplace where you can find trading strategies created by professional traders. You don’t need coding skills to use this platform, and it uses trading signals to direct you to traders with similar strategies. Cryptohopper integrates with numerous exchange sites such as OKEx, KuCoin, Bittrex and Binance to conduct your trades daily.
Shrimpy: Ideal for Long-Term Investments
Shrimpy is a Bitcoin trading bot popular among the HODLer community. It is more suited for long-term investments instead of day trading. Its best service includes portfolio rebalancing, where users can automate their portfolio, so it’s balanced to a predefined ratio. You can also see other traders on the site and copy their successful trades. Shrimpy supports more than ten exchanges, including Kraken and Binance. Some of the available coins are Binance, Tether, Avalanche, and Bitcoin.