Breaking Down The Best Crypto Trading Bots 2024
Breaking Down The Best Crypto Trading Bots 2024
In this guide, Tradecoinmarket we will analyze the top crypto trading bots available in the market. We will outline the advantages of each trading bot, considering factors such as pricing, user-friendliness, and exchange compatibility.
- Coinrule Trading Bot
Coinrule Trading Bot , a crypto trading bot, is an excellent starting point for those new to bot trading, offering a free trial to get you started.
Headquartered in the UK, Coinrule focuses on making trade strategy design accessible. It features a user-friendly interface and a comprehensive tutorial section using straightforward language, specifically catering to beginners. Coinrule Trading Bot allows you to create trading strategies using IF-THIS-THEN-THAT (ITTT) logic within its Rule Page section, simplifying the process of setting trade conditions.
Pricing:
Coinrule offers several pricing tiers. While the free platform suits beginner investors, advanced traders with complex strategies and high trade volumes may opt for the Hobbyist package ($29.99 per month), Trader package ($59.99 per month), or Pro package ($449.99 per month).
Exchanges:
Coinrule supports Binance, Coinbase, OKX, and Kraken.
Experience Level:
Beginner to Advanced
- Pionex bot
Pionex, another leading platform, offers 16 built-in trading bots for free. Users can automate trading around the clock without constant market monitoring. Pionex aggregates liquidity from Binance and Huobi Global, serving as a major Binance broker. Additionally, Pionex is a certified partner of CoinLedger, enabling streamlined tax reporting for users.
Features:
- Provides 16 free trading bots for retail investors.
- Offers the lowest trading fees among major exchanges (0.05% for makers and takers).
- Grid Trading Bot facilitates buying low and selling high within a specific price range.
- Leveraged Grid Bot provides up to 5x leverage.
- Spot-Futures Arbitrage bot helps generate passive income with low risk.
- Martingale bot executes DCA buy and one-time sell for profit.
- Rebalancing bot aids in coin hodling.
- Dollar-Cost Averaging (DCA) Bot allows repeated purchasing at regular intervals to offset volatility.
- Smart Trade terminal enables setting stop-loss, take profit, and trailing in one trade.
- Holds U.S. FinCEN’s MSB (Money Services Business) License.
Mobile Apps:
Available on iOS & Android
Pricing:
Forever free
Experience Level:
Beginner
- Phemex Trading Bot
Phemex offers a comprehensive futures grid trading feature tailored for beginners, enabling automatic buy and sell order execution at preset prices.
The bot supports three distinct strategies, allowing traders to adapt to changing market conditions. Currently, Phemex’s grid trading bot supports futures contracts, with spot contracts coming soon.
Pricing:
Free for all users
Experience Level:
Beginner
- Shrimpy trading bot
Shrimpy is a portfolio management platform with automated trading tools, known for its auto-rebalancing portfolio feature and multi-exchange trading capabilities.
It boasts a streamlined UI, robust tutorial section, and features such as backtesting and social trading. Shrimpy also offers social trading features, connecting users through platforms like Reddit, Telegram, or Discord.
Pricing:
Starting with free automated portfolio creation, Shrimpy’s more advanced features range from $13 to $19 per month. Enterprise pricing is also available.
Exchanges:
Supported exchanges include Binance, Binance.US, Bittrex Global, Coinbase, Gate.io, Gemini, Huobi, Kraken, and KuCoin.
Experience Level:
Beginner to Intermediate
- Coinigy Trading bot
Coinigy, a cloud-based cryptocurrency trading platform, connects to over 45 exchanges.
It offers HD charting, 24/7 portfolio monitoring, and the ability to link exchange accounts without extra fees.
Pricing:
Coinigy offers a free 7-day trial, followed by monthly subscriptions at $18.66 or $99.99 (including priority support and Coinigy CryptoFeed® & Enterprise API access).
Exchanges:
Coinigy supports Binance, Coinbase, Gemini, Kraken, KuCoin, Poloniex, and more.
Experience Level:
Beginner to Advanced
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