15 Best FREE Crypto Trading Bots in 2023 | Coinmonks
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Best 15 FREE Crypto Trading Bots in 2023
Review, compare & choose the best crypto trading bot to automate your trading strategies and boost your crypto portfolio
Nowadays, there are a lot of paid and free crypto trading bots. It’s a hassle for a crypto trader like you and me to choose between these services. Therefore, this article will help you choose the best bots for trading crypto.
What is a Crypto trading bot?
A Crypto trading bot is software that helps you automate your trading strategies. In other words, crypto trading bots automatically execute orders based on your trading strategy at your crypto exchange without manual intervention. This reduces risks and gives you an extra edge over manual traders.
In the days of Mt.Gox, Bitcoin traders wrote scripts to buy and sell bitcoin to make profits. Over time these crypto bots became more sophisticated. Today you can trade any altcoin, such as Ethereum, Dogecoin, Litecoin, etc, using these trading bots.
More than 90% of crypto trading now happens through these bots today.
Exchanges are now stepping into the trading bot space and launching Grid bots and DCA bots to provide better trading tools to their customers and increase trading volume to earn more fees.
So if you are trying to maximize your returns, consider using these tools.
However, starting with a crypto trading bot might be confusing and overwhelming. Therefore we have picked the best and easy-to-use trading bots for you. Some of the best trading bots for crypto listed below are free and open-source software.
If you are a beginner, start with pre-building ready-to-use trading strategy templates, reducing the risk of error when automating your strategy.
Top 20 Crypto Trading Bots 👇
I tried to keep things short; as Kofi Annan says, “Knowledge is Power. Information is liberating.” I tried to provide you with all the features of the top crypto trading bots in this article.
Best Trading Bots
1. Pionex — FREE best trading bots for crypto
Don’t need to hassle with the API Keys while using Pionex. So far, there are 18 free cryptocurrency bots on Pionex: Pionex Grid Trading Bot, Pionex Leveraged Grid Bot, Pionex Margin Grid Bot, Pionex Infinity Grid Bot, Reverse Grid Bot, Leveraged Reverse Grid Bot, Dollar-Cost Averaging Bot, TWAP Bot, Trailing Take Profit Bot, BTC Moon, ETH Moon, and Spot-Futures Arbitrage Bot (Click here).
Pionex is the exchange with in-built crypto trading bots. It’s one of the best free trading bot platforms for cryptocurrency I’ve ever seen since 2017. (the year I started buying crypto :P) It aggregates the liquidity from the Binance.com exchange and Huobi and provides a free trading bot.
Pionex also created some products on options trading, such as Lottery, where you can invest as low as $1.
Pionex Bots — best trading bots for crypto
Pionex exchange recently launched its Spot-Futures crypto arbitrage bot, providing an alternative to traditional arbitrage bots.
Moreover, the Pionex trading bot is easy to use. Therefore, I prefer trading bitcoin with this trading bot.
Pionex is safe and has been granted the MAS and MBS licenses from Singapore and the U.S. It is the first crypto trading bot on my list and the best free bot in the market. However, Bitsgap has a better Grid bot when compared to Pionex, but Bitsgap is not free.
To learn more, read our Pionex Review.
Buy Pionex
2. KuCoin — Crypto trading bots for beginners
Everyone knows KuCoin is an easy-to-use and safe cryptocurrency exchange.
However, KuCoin has few built-in trading bots, such as Grid bots for both spot and futures markets and a DCA bot.
Kucoin is an exchange; therefore, these bots will be able to execute trades much better than any third-party bots connecting your crypto exchange using API keys.
Kucoin — Crypto trading bots for beginners
This provides the best performance compared to other trading bots in this article.
However, Pionex has a much better user experience and bot coverage.
In addition, the KuCoin trading bot allows you to enjoy free trading strategies.
Exchanges are now stepping into the trading bot space and launching Grid bots and DCA bots to provide better trading tools to their customers and increase trading volume to earn more fees. For example, Gate.io and Huobi also have inbuilt trading bots.
3. Bitsgap — Grid Trading Bot for Binance [ Join Bitsgap ]
Bitsgap bot is best known for its unique grid bots. These bots allow you to perform high-frequency trading, which is only accessible to big hedge funds, or you need to buy these tools at high prices.
Bitsgap Grid Trading Bot
The Grid bot distributes investment proportionally within a trading range predefined by a crypto trader.
Each time the buy limit order is filled, the bot places a new sell order right above that price. And vice versa, a new buy order is placed below any filled sell order. As long as the price stays within the borders of the trading range, the bot will be trading non-stop.
Furthermore, Bitsgap recently rolled out its Bitsgap Futures trading bot, opening and closing hundreds of small positions daily. Therefore taking smaller returns and minimizing risks.
Bitsgap algorithm is designed to maximize profit from buying low and selling high each time the price swings. Automated bots have risk-control features like Stop-loss, Trailing UP, Take profit, and several exit strategies. Moreover, the Bitsgap trading terminal offers you some top-notch tools.
- A cloud-based solution, so you don’t need to download anything
- Trade bots are based on a transparent and efficient logic
- Risk-free bot trading simulator in DEMO mode
- Backtested Strategies for a quick bot start
To learn more, read our Bitsgap Review.
Buy Bitsgap
4. Cryptohopper — Trading bot Strategies and Marketplace [ Signup Link ]
Cryptohopper is a paid crypto trading bot for bitcoin and other cryptocurrencies. But before jumping into the paid membership, you have a free trial for 7 days in Cryptohopper.
Cryptohopper bots for crypto trading
One of the well-known trading bots on Cryptohopper is the market-making bot. However, compared to Grid bots, Cryptohopper allows you to create your own trading strategies and copy others using the Cryptohopper marketplace.
You can also copy trading signals and templates.
CryptoHopper telegram bot would help you automate your crypto trading signals.
CryptoHopper Marketplace allows you to buy third-party services such as crypto signals, trading strategies, apps, and templates. Moreover, the bot offers a demo trading account, strategy designer, social trading platform, paper trading mode, and market arbitrage tool.
The tagline of Cryptohopper exchange is quite eye-catching to me: Best automated crypto trading bot 😉
To learn more, read our Cryptohopper review.
Buy Cryptohopper
5. Coinrule — You can make your own Coinbase Trading Bot! [ Join Here ]
Coinrule is a next-level bot for beginners. The “if-this-then-that” rule allows even less advanced crypto traders to build their cryptocurrency trading strategy in a minute. The user-friendly interface guides users in making the trading bot step-by-step.
Coinrule — Build bots for crypto trading
The template library includes over 150 pre-set rules that help beginners run the trading system that suits their needs.
In addition, the platform allows various cryptocurrency trading strategies, including stop loss, take profit, and integrating the leading technical indicators.
The list of trading strategies that Coinrule allows is limitless, and the company regularly posts new ideas in the platform’s Knowledge Base.
Another exciting feature is the built-in Demo exchange. The Demo rules run on prices directly from Binance, hence risk-free. Hence, the platform is perfect for creating your own Coinbase bot.
To learn more, read our Coinrule Review.
Buy Coinrule
6. Trality — The Most Advanced Crypto Trading Bots at Your Fingertips
Founded in 2019, I discovered Trality a year later and continue to be impressed by its expanding list of innovative features. Their latest offering is the Trality Marketplace, where crypto bot creators and investors come together for mutually beneficial purposes.
Investors can rent profitable bots tailored to individual risk tolerances (low, medium, and high) and investment goals based on a full suite of metrics, while bot creators can now monetize their bots and earn passive income from investors around the world. Most importantly, all bot algorithms remain completely private (every creator retains full IP rights).
Trality has also partnered with Binance to offer the Trality Wallet, allowing users to directly deposit funds (credit card, bank transfer, Apple Pay, or Google Pay) and immediately start trading 350+ cryptos immediately.
Trality built its reputation as a leading European FinTech expert in automation with their one-of-a-kind, in-browser Code Editor, which allows even the most intricate and creative strategies to be written in Python. Can’t code? Trality’s intuitive, user-friendly Rule Builder offers a simple drag-and-drop interface for beginners.
A nice additional feature is margin trading, and the platform is also equipped with a power backtester. Pair it with Trality’s proprietary Optimizer to fine-tune parameters and validate your ideas. Once the bot is ready, it can be set up to live-trade on popular exchanges like Binance, Coinbase Pro, Kraken and Bitpanda.
Looking ahead, Trality will soon offer two bonus programs (refer-a-friend and a Wallet bonus) and their iOS and Android mobile App. The last thing to note is that the platform has a fair pricing model for users of all experience levels. Their starting plan is absolutely free and timeless, so you can use and test the basic capacity as long as you want.
7. 3commas — Crypto Bots Trading and Crypto Signals
3Commas is one of the top crypto trading bots. I put it on the list because the UI is more for a professional trader.
Recently 3Commas released a new GRID bot and a DCA bot.
So if you’re a professional bot trader already, you should try 3Commas.
3Commas — bots for crypto trading
- It has two subscription levels — Basic and Pro. The basic level bot price is $29/month, while the latter costs $99/month and has many more features.
- The cryptocurrency trading bot on 3Commas can implement multiple bitcoin trading strategies based on technical indicators and enable trading bitcoin for profit.
- The community is good, and you can buy some online courses using the 3Commas Bitcoin trading bot.
- Furthermore, the platform also offers a third-party crypto signals Marketplace.
To learn more, read our 3Commas Review.
Buy 3Commas
8. Cornix — Automate Telegram-based crypto signals
Cornix is one of the best automated crypto trading platforms.
They’ve successfully combined their cutting-edge software with a simplistic, user-friendly interface (create your bot in as little as three clicks), which is one of the main reasons they have entered the list.
They also have the largest crypto signals providers marketplace, and their support is rated the best in the industry.
Cornix believes anyone can trade crypto, and they want to let people access a simple crypto trading platform without compromising on safety.
Recently released a new Advanced DCA bots.
Try Cornix for free; no credit card is required.
To learn more, read Cornix review.
Use coupon code FREE to get a 10% discount on your cornix subscription.
Cornix Bot
9. TradeSanta — Automated Crypto Trading Software [ Sign up Here ]
TradeSanta trading bot works on eight main exchanges, Binance, Bittrex, HitBTC, and Bitfinex to help you crypto trade simultaneously on them.
It is a cloud-based crypto trading bots platform that has been on the market since 2018. It has already helped hundreds of thousands of users simplify their daily trading: over 210,000 registered users and over 22 million transactions completed.
TradeSanta Crypto Bot
Main Features
- TradeSanta bots can trade on both futures and spot markets.
- TradeSanta offers a variety of signals, like TradingView custom signals, pre-built signals based on TradingView Screener and technical indicators like Bollinger Bands, MACD, RSI, etc.
- Stop loss, trailing stop loss, trailing take profit, and other risk management tools.
- DCA and grid strategies.
- Demo trading allows you to test your strategy against the real market conditions without putting in any real money.
- Telegram notifications and real-time tracking so you can always check what your bots are doing.
- TradeSanta also has a nice feature that allows you to quickly close all positions and transfer all your assets into USDT or BTC. It can be helpful if you need to do it quickly when, for example, the market starts to crash or you want to fix your earnings.
To learn more, read our TradeSanta Review.
Buy TradeSanta
10. Shrimpy — The social trading platform for Bitcoin [ Join Shrimpy ]
Shrimpy bot is a paid crypto trading bot service for rebalancing.
Furthermore, the feature makes it different from other bitcoin trading bot services. It helps you to automate your portfolio and rebalance it to a specific ratio.
Shrimpy bots crypto trading
The Shrimpy trading bot is one of the excellent cryptocurrency trading bots in 2022, so I am listing it here.
However, it is a bot designed for portfolio management, indexing, rebalancing, and strategic backtesting.
The best part is rebalancing your portfolio when you are hodling the coins. It supports 10+ crypto exchanges.
The Shrimpy crypto trading bot only executes a few trades every day. So it’s better for a HODLER.
Shrimpy also released a copy trading feature, using which you can follow other crypto traders. One thing I like about Shrimpy is that it has a chatbox Ao where you can shill your favorite coins. 😃
To learn more, read our Shrimpy review.
Buy Shrimpy
11. Quadency — Is it the Best Bittrex Trading Bot? [ Join Qaudency ]
Quadency bots crypto trading
Quadency provides a lot of inbuilt bots for both beginners and pro traders. The bot they have is the TradingView bot. Using this bot, you can create strategies on Tradingview and execute them on your broker/exchange account.
The best part of the Quadency trading bot is the backtesting feature, which allows you to backtest your strategies based on data and numbers instead of shooting them in the dark.
It’s also an essential feature of a crypto bot; it’s always nice to know the performance of historical data before using your money with the crypto trading bot. Furthermore, the platform provides a range of features and comes out as one of the best Bittrex bots.
- Quadency also released the QUAD token.
- It also allows you to swap on DEXs and plan to move towards decentralized exchange.
To learn more, read our Quadency Review.
Buy Quadency
12. HaasOnline — The most advanced Algo Trading Software[ Join Here ]
HaasOnline is a paid cryptocurrency trading software that is unlike any other. Similar to the other trade bot, they offer your standard pre-built trading bots for strategies like arbitrage, market-making, and other tools.
However, with the release of HaasScript, their scripting language, you can develop highly complex trading bots using a drag-and-drop designer or intelli-sense editor. Hence it provides one of the best automated trading software out there. You also can backtest or paper trade your strategies before executing live trades on over 25 exchanges.
HaasOnline Bot
Their current bitcoin trading software is a locally hosted non-custodial trade server, which offers complete discretion and privacy, keeping prying eyes away from your trade data and strategies. They also plan to launch a cloud version for retail traders. There’s no free trial, but they offer a discounted 14-day trial license.
To learn more, read our HaasOnline Review.
Buy HassOnline
Margin.de is a powerful crypto trading bot that was launched in 2014. The platform offers all its services through an application that can be downloaded. This application allows users to set up different strategies to buy or sell cryptocurrencies. Further, the Margin.de platform offers users a graphic user interface (GUI) that provides features like detailed charts and drag-and-drop options to edit strategies.
Margin.de trading bot
Margin.de supported cryptocurrency exchanges including Binance, Bitfinex, CEX, Bitstamp, Kraken, Kucoin, OKEx, and many others. Moreover, when talking about the pricing plan, the platform is built on a one-time license fee inclusive of the starter, standard and professional plans which cost $129, $259, and $2,999, respectively.
You can get 15% on Margin de by using our coupon code.
Coupon code- COINMONKS
14. Wunderbit — Automate Bitcoin robot [Link]
Wunderbit facilitates the buying and selling crypto assets directly using a credit card, i.e., you can buy bitcoin with a credit card. Furthermore, the platform provides crypto trading bots to help you automate your trades.
Wunderbit
You can also use Wunderbit’s crypto trading signal Marketplace or the copy trading platform to follow the best traders and completely automate your trades. Furthermore, the copy trader can select from a list of top traders and bots. First, however, the copy trader has to pay a commission from his/ her gains to the experienced trader.
In addition to all of the features, the platform also provides a DCA bot, Spread trading, Smart trading, crypto portfolio tracker, multiple account management, etc. The platform uses API keys. Hence, all of your funds are secure at your respective exchanges.
Wunderbit trading even has its own in-house crypto exchange platform, allowing you to use the trading bots with zero fees. You can directly deposit funds in your Wunderbit account and begin your automated trading. The platform is also coming out with its GRID and Arbitrage trading bot.
To learn more, read the Wunderbit review.
15. Open Source Crypto Trading Bot by Haehnchen
Using this bot, you can create new strategies and backtest them.
- Telegram Bot Support
- Supports (Bitmex, Binance (Futures and Margin), Coinbase Pro, Bitfinex (margin wallet), and Bybit with leverage configure
- Free and open source
- Fully use Websocket for exchange communication to react as fast as possible on the market
- Multi-pair support in one instance
- sqlite3 storage for candles, tickers, …
- Webserver UI
- Support for going “Short” and “Long”
- Signal browser dashboard for pairs
- Slack and email notification
- Join foreign exchange candles (e.g. Trade on Bitmex with the faster-moving Binance trades/candles)