10 Best Free Crypto Trading Bots in 2023
The demand for Crypto bots has grown over the past few years. Nowadays, everyone wants to earn money quickly and easily, which makes cryptocurrency an excellent option for users.
It is an electronic transaction and a way of identifying trades for different users to carry out crypto trading in the global market for digital currencies. The best crypto bot is well-designed software to assess the market’s trending information.
There are several paid and free cryptocurrency trading bots available nowadays. A crypto trader like you and I find it difficult to pick between these services. To make things easier for you, this article will help you select the top bots for cryptocurrency trading in 2023.
What are Crypto Trading Bots?
You can automate your trading tactics with a cryptocurrency trading bot. In other words, without your manual input, crypto trading bots at your crypto exchange automatically execute orders depending on your trading strategy. You gain an advantage over manual traders due to the risk reduction.
More than 90% of cryptocurrency trading presently takes place via these bots. The digital currency trading bot offers all of the services to you since they are highly functional, excellent, and profitable.
So you should think about employing these tools if you want to maximize your results.
However, employing a cryptocurrency trading bot can initially be complex and daunting. As a result, we have chosen the best and most user-friendly trading bots for you.
To reduce the chance of error when automating your strategy, It is recommended for beginners to start with pre-built, ready-to-use trading strategy templates.
One of the first in the world is a Pionex exchange that offers 12 free bots. Customers can automate their trades around the clock so they won’t have to keep checking the markets. This broker, the largest Binance broker, combines Huobi Global liquidity and Binance liquidity.
Pionex users don’t have to worry about API keys. The Pionex exchange released its Spot-Futures crypto arbitrage bot as an alternative to traditional crypto arbitrage bots.
The MAS and MBS licenses have been given to Pionex, and it is secure and great to use in 2023 as a free crypto trading bot.
- A Pionex investment is cost-free. The company has 12 trading bots available.
- This exchange costs the least money compared to most big exchanges. It levies a 0.05% maker and taker fee.
- The Grid Trading Bot allows users to purchase low and sell high within a specific price range.
- The Leveraged Grid Bot offers leverage of up to 5x.
- By lowering risk and investing in low-risk contracts, retail investors can earn additional income with the Spot-Futures Arbitrage bot.
- Set a stop-loss, take-profit, and trail stop while trading with Smart Trade.
KuCoin is a well-known, user-friendly, and secure cryptocurrency exchange. However, KuCoin only supports a few built-in trading bots, including a DCA bot and Grid bots for both the spot and futures markets.
Because Kucoin is an exchange, these bots will significantly more effectively carry out trades than any third-party bots linking your cryptocurrency exchange utilizing API credentials. Compared to the other trading bots in this article, this offers the best performance.
You can also take advantage of free trading methods with the KuCoin trading bot.
To give their customers better trading tools and boost trade volume so that they may charge higher fees, exchanges are now entering the trading bot market and developing Grid bots and DCA bots.
The unique grid bots are what make Bitsgap Bot so famous. These bots provide access to high-frequency trading, which is only available to large hedge firms or requires expensive tool purchases.
The Bot automatically places a fresh sell order immediately above that price each time the purchase limit order is met. A fresh buy order is positioned behind any filled sell order, and vice versa. The Bot will continuously trade as long as the price is contained within the boundaries of the trading range.
Also recently released by Bitsgap is its Bitsgap Futures trading bot, which opens and closes hundreds of minor positions daily. The platform is, consequently, limiting risks and accepting smaller profits.
When prices go up and down, the Bitsgap algorithm is built to maximize profit from buying cheap and selling high. Risk-control features are also included in automated bots. Additionally, the Bitsgap trading platform provides you with several excellent features.
This tool analyses over 10,000 cryptocurrency pairs and selects the coins with the shortest potential. You may create your bot strategy with a few mouse clicks.
- It’s simple to see your trading on a chart.
- The Bitsgap bot is active around the clock every day of the week.
- Before investing, you can test out a setting.
- You don’t have to download it.
- Your exchange balance money is maintained for security purposes.
- By utilizing this crypto trading software, profit can be increased.
- Cost per month: $19.
Using the automated trading platform from Coinrule, you may trade on multiple exchanges, like Binance, Kraken, Coinbase Pro, and others. There are more than 130 templates available. The site also supports several crypto trading techniques.
Coinrule is an advanced bot for beginners.
The user-friendly interface walks users through each stage of creating a trading bot.
The built-in Demo exchange is another intriguing feature. With a virtual allocation of coins, cryptocurrency traders can test their trading strategies in a secure setting.
- Real-time customer help is offered.
- You can evaluate the rule’s performance using historical data.
- Your trading guidelines are up to you.
- Based on its market indicator, it is simple to allocate cash.
- Highest level cryptography.
- Trading is possible at any time of the day.
- There are no fees; this crypto trading bot is free to use.
Cryptohopper is a paid crypto trading bot for bitcoin and other cryptocurrencies. However, Cryptohopper offers a 7-day free trial before you commit to a paying membership.
The market-making Bot is one of the well-known trading bots on Cryptohopper. The Cryptohopper marketplace, in contrast to Grid bots, enables you to design your trading tactics and replicate those of others. Additionally, you can replicate templates and trade indications.
It is a cloud-based trading bot service that allows access anytime, from any location worldwide, even if your computer or mobile device is off. In this, a professional and seasoned trader handles the trading business manually with the aid of different technical pointers, and usually, it involves embedded signals.
You can purchase third-party services, including cryptocurrency alerts, trading plans, apps, and templates, on the CryptoHopper Marketplace.
- This bitcoin trading bot enables you to perform your technical analysis.
- Bot tactics and templates are simple to obtain.
- Your account is protected by Cryptohopper using secure technologies.
- With this free bitcoin trading bot, your information is kept secret.
- It is simple to use.
- The tool offers real-time performance reports.
One of the best crypto trading bots is 3Commas. Using 3Commas’ crypto trading bot can enhance profits while lowering losses and risks. Making money using this tool is pretty simple. Over 20 indicators can be used to create a trading strategy.
3Commas just released a new GRID bot and a DCA bot. So, if you’re already a skilled bot trader, you should give 3Commas a shot.
- There are two subscription levels available: Basic and Pro. The cost of a bot at its most basic level is $29 per month, while one with many more features is $99 per month.
- The 3Commas crypto trading bot enables trading bitcoin for profit by applying various technical indicator-based crypto techniques.
- You can purchase online courses using the 3Commas Bitcoin trading bot, and the community is friendly.
- The site also provides a marketplace for third-party crypto signals.
- Coins can be bought and sold through a single window.
- This platform is open for trading 24 hours a day.
- It’s easy to copy the settings of other bots.
Gekko Trading Bot
It is an international trading bot service that is entirely free and open-source. The Gekko trading bot platform is also a programmable service that enables users or traders to create a crypto trading strategy. While the trader utilizes this platform service, it calculates the indicators, generates live trading orders, backtests cryptocurrency trading strategies on the user-friendly online interface, and calculates the live price value of bitcoin.
However, the Gekko trading services are available for a limited time. Still, as it supports and maintains 18 different bitcoin exchange services, it is a good platform for people who are new to the bitcoin trading market and wish to develop their trading techniques. This is the main factor making Gekko Trading Bot dependable and providing beneficial and easy optimization services.
Shrimpy Bot is a premium cryptocurrency trading bot service for rebalancing your trade. Due to the above feature, it separates itself from other bitcoin trading bot services. You can automate the rebalancing of your portfolio to a particular ratio.
We mention the Shrimpy trading bot here since it is one of the best cryptocurrency trading bots in 2023. However, it is a bot created for backtesting, indexing, rebalancing, and portfolio management.
Rebalancing your portfolio while you are collecting the coins is the best part. It supports ten or more crypto exchanges.
Only a few trades are carried out by the Shrimpy cryptocurrency trading bot each day. Therefore, a HODLER should prefer it. Shrimpy has made a copy trading option available, allowing users to follow other cryptocurrency dealers.
For both beginner and experienced traders, Quadency has a large selection of built-in bots. They use the TradingView bot. Using this Bot, you can develop strategies on Tradingview and run them on your broker or exchange account.
The backtesting function of the Quadency trading bot, which enables you to backtest your methods based on statistics and numbers rather than winging them, is its most vital feature.
It’s also essential for a crypto bot; before investing your money with the crypto trading bot, it’s good to be aware of the performance of previous data. The platform offers a variety of functions in addition to being one of the most acceptable Bittrex bots.
Quadency also launched the QUAD token. You can also trade on DEXs, and there are plans to progress toward a decentralized exchange.
Unlike any other, HaasOnline is a subscription-based crypto trading platform. They provide your typical pre-built trading bots for methods like arbitrage, market-making, and other tools, much like the other trade bot.
However, you can now create highly complicated trading bots using a drag-and-drop designer or an intelli-sense editor due to HaasScript, their scripting language. As a result, it offers some of the most excellent automatic trading tools available. Before starting live transactions on more than 25 exchanges, you can backtest or paper trade your methods.
Their crypto trading bot is hosted on a local non-custodial trade server, which gives the user complete security and privacy, keeping any curious eyes away from your trade method and data. This is how their current bitcoin trading software is now set up. Additionally, a cloud version for retail traders is planned for release. A cheap 14-day trial license is available, but no free trial is available.
How can you Make your Crypto Trading Bot?
Trading bots come in a variety of varieties, and each one has a unique starting point. You must, however, integrate your cryptocurrency exchange with the trading bot in almost all situations.
However, generating an API key on a platform like Binance or another exchange only grants the required trading-related rights. Don’t grant rights for wallet withdrawal, for instance.
Most trading bot platforms can test your trading technique using fake money.
Since its beginning, cryptocurrencies have been most unpredictable. Future traders may find a bitcoin crypto trading bot to be a beneficial tool. To succeed in cryptocurrency trading, one must understand the timing and conduct the necessary study on market movements because understanding the notion of cryptocurrency development is complex.
But those that are interested in it will find it valuable. Beginners may initially find it confusing, but they quickly pick things up. Please do some research, read some reviews and articles, and don’t forget to analyze before using it because doing so will provide you with information that will be useful when choosing trading bots.