Recognized as the leader among all crypto exchanges available on the market, it is not only the most widespread but also the friendliest platform for trading crypto. The number of crypto pairs, wide range of trading tools, and trust of millions of users play in its favor, which is especially relevant to the cryptocurrency market.
The mission of the Binance cryptocurrency exchange is to provide infrastructure services for the cryptocurrency ecosystem. It is fair to say that they are successfully fulfilling their mission by allowing users to trade hundreds of digital coins in Binance, including popular cryptocurrencies such as Bitcoin, Lightcoin, and Ethereum. It's worth noting that Binance users don't have the ability to trade fiat money, they can only work with cryptocurrencies.
Binance has gained its enormous popularity due to its low commissions, high liquidity, and a number of discounts that you can take advantage of when using the exchange's internal cryptocurrency - BNB.
Binance processes about 1.4 million orders per second and has more than 15 million users worldwide. Therefore, in the short time that the exchange has existed, it has really become a leader among other cryptocurrency exchanges.
Like any other exchange, Binance offers its trading, listing, fundraising and deposit/withdrawal services 24/7. In order to trade, users must first go through the necessary registration and verification process, after which they will be able to access their account.
Features of the Binance platform are:
- High speed of transactions.
- Low commissions for trading and withdrawal.
- A wide range of trading instruments.
- Reliable security algorithms.
- More than 400 available cryptocurrencies.
- Simplified version for beginners - Binance Lite.
Binance is rightfully considered one of the best sites for trading cryptocurrencies, so the number of its users is growing every day. Of course, among them there are many who want to automate trading with the help of cryptocurrency bots.
The best bots to automate your work on Binance
The choice of crypto bots is so huge that it's hard to decide which one will be the best for your trading. To make your choice easier, we've put together a list of the top 10 cryptocurrency robots that you can use on Binance.
Answering the question "What is the best crypto trading bot for Binance?", let us remind you that a cryptocurrency robot is a software that works with the exchange via API and makes trades according to the strategy set by the trader. Simply put, as long as the robot is running, you can rest.
When choosing the ideal solution for the automation of trading, you need to consider several key points. One of the most important points is the reputation of the service. Be sure that you are using a service with a good reputation and reviews. Using a third-party tool means giving it access to your Binance account via its API key. Choosing the robot with a good reputation is very important, because there is no easy way to tell if a trading bot will be completely safe or not. Even one Binance trading bot review can change your opinion about this type of software.
UI is also very important. Often platforms have a very overloaded interface with too many features. It is important to choose a simple but effective software.
Trading robots for Binance often use many strategies. You can choose well-known algorithms for your work, but you need to be able to create your own strategy.
User support is also crucial, ideally you will have 24/7 support in case of errors or additional questions.
Another important feature is the ability to run multiple trading robots. Free services often allow only one or a few bots to trade. Paid services often allow an unlimited number, which is extremely useful if you want to trade multiple trading pairs at the same time. So free isn't always good.
A popular trading robot from the Wundertrading platform. Thanks to a wide range of functions and user-friendly design, it outperforms its competitors in this area. The robot works on several trading strategies and also allows you to develop your own trading algorithms. In this case, the trader does not need to have advanced programming skills: you can set up Binance trading bot in a few clicks.
Connecting the Wundertrading bot to the Binance exchange is easy enough:
- Create an account on Wundertrading and on Binance if you don't already have them.
- Provide Binance API keys to the Wundertrading bot.
- Start trading.
You can use Wundertrading robot features for free, all you need to do is open a trading account.
The advantages of Wundertrading trading bot for Binance are obvious - easy setup, many trading strategies and perfect work, confirmed by many users. The disadvantages are the lack of a mobile application.
The trading robot from another popular trading site 3commas. It can be used for trading on the spot market, margin trading with leverage and futures trading. You can use stop loss and take profit to manage risk.
In addition to Binance, the trading software can connect to popular exchanges, such as OKX, Bybit, Kraken, Huobi, KuCoin, BitMEX, Bitfinex, Poloniex and many others. Connecting Binance auto trading bot to the exchange is performed in the same way as described above, so we will not give it again.
A trial period of 3 days is provided to get acquainted with the 3commas trading platform. After the trial period is over, the user is automatically transferred to the "Free" plan. The 3commas team also presents 3 paid subscription options: Light, Advanced, and Pro.
The pros of 3commas robots are reliable work by a popular and equally reliable developer. The disadvantages are the difficulties in setting up trading robots.
Another cryptocurrency trading platform that offers a set of free trading software that you can easily connect to Binance. The platform offers 17 bots, each of which can be configured manually or run in a few clicks according to already prepared strategies. There are two interfaces for each bot: basic and advanced. That means both novices and experienced traders will be able to choose the most convenient option for them.
Another advantage of Pionex is that access to all the trading bots is free. However, as with Pionex, as with all other Binance auto trading bots, it should be remembered that they will only work effectively if properly configured. That's why every Pionex bot has a detailed illustrated manual, and if something is unclear, you can always consult with technical support.
What can we say about the pros and cons? The main advantage, of course, is completely free trading. Disadvantages - not enough detailed translation of the site into languages other than English.
The Cryptohopper service is a set of tools for automated trading. Its main focus is trading through bots. Moreover, the trader does not need to have software developing skills to configure Cryptohopper bots, because the settings are made through an user-friendly interface. Also, users can create templates and save bot settings.
Cryptohopper trading bots are called "Hopper". The work of Binance exchange bot is possible in three algorithms:
- Automated trading - classic bot with the ability to configure parameters, selling, buying, Stop Loss and Take Profit.
- Arbitrage - the bot that trades between different exchanges and profits from the difference in exchange rates.
- Market maker - a bot analyzes supply and demand, allowing it to trade across the spread.
Market maker and Arbitrage in Cryptohopper are available only by paid subscription. This can be attributed to one of the main disadvantages. The advantages are the ability to test the bots you create, as well as a lot of functionality to automate your trading. In addition, some Cryptohopper software is created with artificial intelligence, so the trading robot of this site can be called the best Binance AI bot.
Another automated cryptocurrency trading site whose tools include Binance trading software. TradeSanta bots integrate on Binance with ease, provide many trading strategies and reliable performance that is confirmed by many users.
If you are an experienced trader, you can create your own trading strategy using the many technical indicators available to you. Novice traders, on the other hand, can start trading using one of the presets.
TradeSanta has three pricing plans, none of which are free. The price depends on the plan you decide to choose and ranges from $14 to $19 per month. However, even the basic plan allows you to use 49 robots. The number of advanced plan trading bots is 99, and the maximum plan offers unlimited use of them.
Besides Binance, TradeSanta bots can connect to cryptocurrency exchanges OKEx, Bitfinex, Bittrex, HitBTC and Upbit. The connection, as in the other cases, is done via API and does not cause any difficulties.
The advantages of TradeSanta include a wide range of functionality and stable work of trading robots. The disadvantages are the lack of a free version.
A very popular and powerful trading platform. According to many users, it provides the best Binance trading bot.
Regardless of the rate selected, Bitsgap offers users three types of trading bots.
- Sbot - an algorithm that uses a grid of orders to make profits. It is used in the case of a sideways trend.
- Classic Bitsgap Bot - grid bot with a short time frame. Used in the bull market.
- Combo Bot - a futures algorithm based on a combination of grid orders and DCA-strategy.
Bots are easy to set up, so they can be used even by traders who do not have enough experience in cryptocurrency exchanges. In addition to Binance, Bitsgap works with 22 crypto exchanges, particularly Bitfinex, Coinbase, Huobi, OKX, Kraken and EXMO.
Bitsgap is a paid application with a 14-day trial period. The price to use the platform will range from $29 to $149. There are no free rates.
HaasOnline is a platform for automated cryptocurrency trading with high performance, customizable scripts, and the integration of many options to facilitate the trader's work.
The HaasBot trading robot has the following features:
- External arbitrage. The software automatically analyzes the rate of the cryptocurrency on different exchanges for action on a particular algorithm.
- Internal arbitrage. Different cryptocurrency pairs are analyzed within the same exchange platform.
- Activation of market indicators taken into account when trading.
- The possibility of setting your own strategy. It is possible to assess its effectiveness with the help of historical testing.
Also, a new feature was announced on haasonline.com - a visual editor. It can be used to build trading scenarios. Judging by the reviews, it allows you to automate trading in a short time by applying all features of Haasbot.
HaasBot is an advanced tool for professional traders. It is among the most expensive and complex programs on the cryptocurrency market. Therefore, it cannot be recommended to novice traders. At the same time, Haasbot is in high demand among the best market players.
The pros of Haasbot include perfect work, confirmed by many users. The cons are the high price and the difficulty in setting up for beginners.
Trading automation software from the Trality platform has many useful features. It's easy to install and start using, and since it offers a free starter plan, you won't have to spend money to use it.
The main feature of Trality is customizability. It allows the trader not only to take advantage of pre-made trading templates, but also to use a full-fledged code editor to create their own templates. This is especially useful for experienced traders.
If developing skill is not your strong suit as a trader, Trality offers an intuitive drag-and-drop editor. Here you can customize your trading strategy. Trality only supports 4 trading sites - Binance, Kraken, Coinbase Pro, and Bitpanda.
By choosing a paid plan, you will get more benefits. The cheapest plan starts at $9.99 per month. According to many users, Trality is one of the best Binance trading bot with no commissions and hidden charges.
The advantages of Trality are the ability to create your own bots with the help of the code and the high speed of operation. Minuses - the robot can only work with 4 cryptocurrency exchanges.
The cryptocurrency trading site Coinrule was founded by a group of cryptotraders. These people have gained a lot of experience in the world of crypto and blockchains in the past, and therefore were able to create a product that was approved by many users.
Coinrule's free cryptocurrency bot for trading on the most famous exchange is very easy to use and effectively automates the entire work process. It can be a great tool for any user, especially thanks to its 150 trading templates.
Coinrule is great for beginners and experienced crypto traders alike. Its free plan will be enough for most users, and the paid plans are not expensive, making it a worthy investment for cryptocurrency trading.
In addition to connecting to Binance, the robot provides integration with other well-known exchanges. For example, this includes HitBTC, Bittrex, and Liquid. Regardless of the exchange site you choose, Coinrule will not charge a commission on any of the exchanges. All of its earnings are based on paid trading plans.
The advantages of Coinrule are obvious - it is free to work and easy to set up. The disadvantages are the high cost of Pro plan.
The cryptocurrency trading robot from the Botsfolio site is considered one of the easiest to set up. All a trader needs to do is choose a trading strategy from a large list.
Bosfolio has cryptocurrency robots for five different investment styles:
- Value investing.
- Hedged trading.
- Futures trading.
- Index SIP.
- Fixed Income.
The cheapest $5 plan limits the value of your portfolio to $3,000 per month. But if you upgrade to the most expensive plan, which costs $20 a month, you can increase that amount to $100,0.00. There is a 15% commission that Botsfolio charges quarterly on all your income.
The setup is very simple. All a trader needs to do is link their Binance account, and Botsfolio will do the rest autonomously.
The advantages of Botsfolio are the many trading strategies. The minus is the lack of a free plan. However, to get to know the possibilities of the robot, Botsfolio offers 15 days of free use.
We've listed the 10 most popular options for automating your work on Binance. Which one is the best Binance bot for trader? When answering this question, first determine your experience with cryptocurrency trading and your goals. If you are a beginner, look for software that is easy to set up or has preset algorithms. For professionals, we advise choosing robots that have a wide range of customization possibilities. Each of the robots we reviewed is a great automated solution, so you can easily choose Binance best bot to facilitate and automate your work.