Best Binance Trading Bots to Try
Picture this: after a long day of work in your day job, you come to your house in order to start trading.
Nonetheless, you are tired of your routine, so focusing isn’t the easiest thing to do at this point.
Fortunately, there’s a solution to this problem: automated trading bots.
Crypto traders that perform trading activities can’t look at the market fluctuations all day long.
As a consequence, getting help from the best performing bots out there can help you to make money while also minimizing the risk associated with transactions.
That’s why in today’s article, we will be providing you with all the info you are looking for about:
- Top 7 best Binance trading bots to try;
- How does making money using trade bots work?;
- How to pick a good cryptocurrency trading bot.
What Are Crypto Trading Bots?
Crypto bots are automated software that helps you to buy and sell crypto currency based on market analysis and previously set trading strategies.
They are used for trading cryptocurrency, futures on the stock market, and more, while also implementing technical analysis in order to provide the best course of action for you.
As you know, trading might get emotional when humans are involved.
Hence, trading crypto without emotions interfering in the process can make a big difference in the profit you make.
In any case, you should not fully follow investment advice from bots - invest only under your own risk, craft your strategy, and think twice before putting your money in any crypto investment.
Pro Tip: Metaverses are on the rise! If you want to acquire Sandbox (SAND) on your custom portfolio, there are many cryptocurrency exchanges that can help you do so.
One of them is Binance, and you can learn How to Buy Sandbox in Binance here.
Top 7 Best Binance Trading Bots
On paper, trading has a simple principle: buy low, sell high.
Nonetheless, you and other traders might realize that this isn’t as simple as it sounds.
One of the best platforms for trading is the Binance exchange.
When you set up your Binance account, you must complete a Binance KYC Verification Process before being able to place market orders.
Fortunately, the best crypto trading bots out there work perfectly with Binance, and the profits you make will go directly into your Binance Wallet Address.
Without further ado, let’s take a look at each trading tool or both that can help you power up your strategy!
1. CryptoHopper - Let Your Trading Strategies Shine!
Let’s start this list with CryptoHopper trading bot, one of the most popular out there.
The CryptoHopper bot takes advantage of copy trading strategies in order to find possible traders that can bring you a profit.
It can be easily connected to your Binance Spot wallet and the Binance DEX, while also protecting your account with securely encrypted protocols.
Although it’s not the best option for beginners, the technical indicators offered by the tool go way beyond other options, while also keeping your historical data in order to craft more detailed strategies for you.
Learn more about CryptoHopper Pricing and Tools here.
2. Bitsgap - One of the Best Bitcoin Trading Bots Out There
Although Bitsgap specializes in Bitcoin, there are more than 10,000 crypto pairs for possible trades that this trading bot can analyze for you.
It checks the current price of the market in order to find a profitable price difference through algorithmic trading.
What’s more, you don’t need to download it - just set it up, and it will even find the best coin ratios, trading fees, and more.
Check out more about Bitsgap here.
3. Coinrule - a Free Binance Trading Bot at Your Disposal
If you don’t have time to make trading strategies templates, then leave the hard work to Coinrule! This grid trading bot works perfectly with Binance by analyzing crypto signals and the current market price of your sell orders.
On top of that, Coinrule has a free version that works perfectly - you only need to pay for each trading fee! Also, their customer service is top-notch.
Check Coinrule.com for more information.
4. Quadency - Manage Your Crypto Assets in a Simple Way
If you want a beginner-friendly bot, then Quandecy is your best alternative out there.
It uses trading signals to balance the latest price of an asset in order to find the best trading strategies for you.
It has customizable API keys that can help you make the best out of Quandecy’s features in no time.
Learn more about Quandency API key, features, and pricing, by clicking here.
5. CryptoHero - Friendly Crypto Trading Bot on Your Phone!
CryptoHero might seem like a simple alternative, but the truth is that this both tracks your individual performance in order to understand the best moment to implement stop-loss or limit orders for you.
Besides, the CryptoHero Android and iOS mobile application work smoothly - check it out! It’s a great option for those who are just getting started with bots and like to trade on their phones instead of computers.
6. Pionex - Stay One Step Ahead from the Cryptocurrency Market
Pionex is, in fact, a centralized crypto exchange that offers built-in tools to help you trade smoothly.
Each Pionex bot can be used alongside Binance, and you can pick the one that better suits your needs depending on different factors.
Pionex supports signal indication, dollar-cost averaging, and other advanced tools that can take you one step ahead in your trading journey.
7. Trality - Unleash your Professional Crypto Trading Strategy
Finally, we are going to close this quick list with Trality.
Let’s leave simplicity aside for a moment, and let’s see the complicated algorithms implemented by the Trality bot.
Its top-notch structure allows you to trade safely with cured strategies decided by you and the algorithm.
In a way, it’s the best option for those who are away from the intrinsic factors of a constantly changing market.
And that will be all for now! What’s your favorite bot?
They are all great, but remember that the one you choose must work alongside your strategy without difficulties.
For more crypto insights, check GrowFollowing content!
Binance Trading Bots FAQ
Can I Use Trading Bots on Coinbase or Coinbase Pro?
Most of the previously mentioned bots do work with Coinbase and Coinbase Pro, but it depends.
If you want to Transfer Your Assets from Binance to Coinbase, read our related post to learn more about this matter.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.