Choosing the Best Crypto Trading Bot for Binance - Coindoo
Best Crypto Trading Bot for Binance

Choosing the Best Crypto Trading Bot for Binance

Editorial Team Avatar
May 19, 2022
4 min reading time

Both manual and automated crypto trading are extremely popular nowadays. Suffice it to say that a popular crypto trading platform called Binance has as many as 90 million registered users! And there are lots of others…

While some users prefer placing orders manually, many traders make use of crypto trading software, often commonly called bots. These applications come in a wide variety; they enable you to buy and sell a variety of cryptocurrencies at the precise moment. If configured properly, programs of this kind may increase your revenue and reduce unavoidable risks.

Why Choose Binance

These days information spreads quickly. That’s why, good exchanges are extremely likely to quickly become widely known and gain a solid reputation. Binance is said to be among the best free crypto trading platforms, where you can buy or sell more than six hundred different cryptocurrencies.

 Besides, its transaction fees are below 0.1%, i.e., they are among the lowest on the market. However, when picking a cryptocurrency trading bot for this platform, you had better make sure the software is compatible with it.

Automate Your Crypto Transactions

If you are in search of the best crypto trading bot, it may be a tricky task. There is no such thing as a one-fits-all solution. Your choice will depend on a number of factors.

A seasoned professional or a novice who is just going to try automated trading has different requirements, so they will call quite different software ‘the best’. A greenhorn will appreciate an intuitive interface, lots of ready-to-use options, and clear instructions, tips, and tutorials in plain English. An expert is likely to seek flexibility, customizability, as well as an opportunity to apply custom strategies; besides, experienced users tend to combine manual and automated trading.

Just a Few Great Binance Bots

Let’s pick just a few of the bots out of the numerous ones supporting Binance, and take a brief look at them.

The first one that comes to mind is Pionex. It offers sixteen completely free bots, which are compatible with Binance, Huobi Global, and Pionex exchange. Here you’ll find bots for Arbitrage, Martingale, Grid Trading, Spot-Futures Arbitrage, DCA, Rebalancing, etc. However, custom strategies are not supported.

Beginners will be glad that Pionex requires no minimum deposit so that they get the chance to try it with a small sum.

Handy mobile apps for iOS and Android are available.

Cryptohopper also offers mobile applications on both operating systems. Along with Binance, Cryptohopper bots could be run at the following exchanges: Bitfinex, Bitpanda Pro, Bittrex, Bitvavo, Coinbase Pro, HitBTC, Huobi, Kraken, KuCoin, Okex, and Poloniex.

Besides, this bot enables you to backtest any strategy before it is implemented, to determine the level of financial risk before you face it.

As to Trality, it satisfies both beginners and experts. The former enjoy the user-friendly drag-and-drop graphical interface, while the latter gladly create their own bots using the Rule Builder; those who know Python can make the most of the in-browser Code Editor.

The mobile applications are announced to be made available in the nearest future.

The exchanges supported are Binance, Kraken, and Coinbase Pro.

The easy-to-use interface of WunderTrading – the cloud-based platform focused mostly on automated and copy trading, made it popular with all users, from newbies to professionals.

Using TradingView, you are able to create and customize a fully automated bot in a few mouse clicks.

With WunderTrading, you get an opportunity to manage your accounts at the following crypto exchanges: Binance, BitMEX, Bitpanda Pro, Bittrex, Bybit, Coinbase PRO, Deribit, HitBTC, Huobi, KuCoin, Kraken, and OKX.

The only drawback is the absence of a mobile application.

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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