Best Free Crypto Trading Bots in 2023

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Crypto trading bots offer numerous benefits for traders, who can automate their trades and manage multiple accounts all from one location. Crypto trading is also a very risky endeavor — you could lose everything if your timing is off, or even if you just make the wrong move. 

But with a crypto trading bot, you don’t need to worry about these things: the bot will execute trades for you automatically based on its programming logic (and sometimes based on signals from other traders). So how do these bots work? How do they help us make money? What are some of the best ones out there? We’ll take a look at all this in more detail below.

What is A Crypto Trading Bot

A Crypto Trading Bot is a software program that executes trades automatically on your behalf. It can be used to trade cryptocurrencies or any other asset class, such as stocks, bonds and commodities.

Other than mining pool, using a crypto trading bot is another strategy to maximize your returns with cryptocurrency. 

Trading bots have been around since the early days of stock trading when they were used by large financial institutions like banks and hedge funds. They are still widely used today by these organizations but also by individual traders who want to automate their trading process while reducing risk exposure because of human errors (e.g., forgetting about a stop loss order).

Who Uses Crypto Trading Bot?

  • Traders: A crypto trading bot is a software application that automatically executes trades on your behalf. It does this by monitoring the markets, analyzing data and executing orders based on predetermined parameters.
  • Investors: Investors can use these tools to execute trades without having to sit in front of their computer all day long, which allows them to focus on other tasks such as business development or research instead of just trading all day long.
  • Crypto enthusiasts: Crypto enthusiasts are people who love everything about digital currencies like Bitcoin but don’t have enough time or knowledge about how exactly they work yet still want to be part of this exciting new industry as much as possible – this includes newbies who don’t know much about cryptocurrencies yet but would still like some help getting started with buying/selling coins without doing any research themselves first.

KuCoin — Crypto trading bots for beginners

KuCoin’s trading bots use artificial intelligence and machine learning algorithms to analyze market data and execute trades based on predefined rules and strategies. Users can choose from a variety of bots, each designed for a specific trading strategy.

KuCoin’s trading bots can be customized to meet the needs of individual traders. Users can set their own risk tolerance, trading strategies, and trading parameters. The bots can also be programmed to execute trades automatically, reducing the need for constant monitoring of the market.

Pionex — FREE best trading bots for crypto

If you’re looking for a free crypto trading bot, Pionex is one of the best options out there. The service offers a free plan for users who have less than $100 in their accounts. The plan comes with some great features such as backtesting and alerts that can help you make informed decisions about when to buy or sell your cryptocurrencies.

Pionex also has another paid subscription option called Premium Plus which costs $10 per month but gives access to more advanced features like:

  • Multiple exchanges support (including Binance)
  • More than 50 technical indicators!

Bitsgap — Grid Trading Bot for Binance

Bitsgap is a simple Binance trading bot with a free plan. It allows you to choose between grid and simple mode, so you can trade as much as you want with your deposit size of up to $100.

The Grid Trading Bot for Binance is designed to be used by advanced traders who have some experience with technical analysis and want more control over their trades. You can use this bot on both Binance and KuCoin exchanges (as long as they’re supported by Bitsgap).

 Cryptohopper — Trading bot Strategies and Marketplace

Cryptohopper is a trading bot that allows you to create your own strategies and trade automatically on Binance and KuCoin exchanges. It also has a marketplace where you can buy and sell strategies created by other users, which makes it one of the best free crypto trading bots in 2023.

Coinrule — You can make your own Coinbase Trading Bot!

Coinrule is a free tool that allows you to create your own trading bot. It has a lot of features and it’s easy to use, but if you’re not interested in creating a bot from scratch, there are other solutions on this list that may be better suited for you.

If you’re looking for something more flexible than Coinbase Pro but don’t have much experience with coding or programming languages like Python, Coinrule might be worth checking out!

Trality — The Most Advanced Crypto Trading Bots at Your Fingertips

Trality is a crypto trading bot that helps you automate your trading strategies. It provides you with the tools to create your own trading bot, as well as access to a range of pre-made bots that are ready to use.

Trality’s unique feature is its ability to create custom bots based on any market conditions and personal preferences. You can choose between three different types of bots:

  • A fully customizable bot where everything from entry signals and exit points are customized by the user
  • A semi-automated bot where some parameters are set by the user while others are taken from historical data (the most common type)
  • An entirely automated system with no user input at all

3commas — Crypto Bots Trading and Crypto Signals

3commas is a crypto trading bot that allows you to automate your trades. The bot will follow your trading strategy and execute trades on the exchanges of your choice, at the times that you choose.

3commas supports multiple exchanges including Bitmex, Binance and Kraken. You can also use it with coins such as Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).

Cornix — Automate Telegram-based crypto signals

Cornix is a free and paid cryptocurrency trading bot that lets you automate your crypto trading strategies. The free version of Cornix allows users to connect their account with up to three exchanges, while the paid plans allow users to connect unlimited exchanges as well as access advanced features such as market analysis notifications, technical indicators and more.

Cornix can help you automate your crypto trading strategies by analyzing data from multiple sources in real time, including social media feeds like Twitter or Telegram chats (where people share tips about upcoming coins). Once it finds actionable information about an upcoming coin that looks promising, it will automatically execute trades on behalf of its users before they even know about them themselves.

Cornix — Automate Telegram-based crypto signals

Cornix is a Telegram bot that provides cryptocurrency trading signals, news and market information. It’s completely free to use and has no limits on how many signals you can receive per day. The bot can be programmed to send you alerts when certain conditions are met (e.g., “when BTC crosses $10K”).

Shrimpy — The social trading platform for Bitcoin

Shrimpy is a social trading platform for Bitcoin and Ethereum. You can use Shrimpy to copy the trades of other users or create your own automated trading strategies.

Shrimpy was founded in 2016 by Max Kordek, the co-founder of Lisk, and Thomas Schiele, the founder of Grid Singularity.

Conclusion

We hope that we have helped you decide which crypto trading bot is right for you. If you’re looking for something simple and free, Pionex and KuCoin are great options. But if you want something more advanced with custom strategies and signals, then check out Trality or Cornix!

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