In a hurry?
The best Bitfinex trading bot, as found in our independent testing, is Bitsgap!
As one of the oldest cryptocurrency exchange platforms, Bitfinex has opened quite a number of doors for today’s crypto trading veterans.
Since its inception Bitfinex has undergone some ups and downs, but is still standing and still attracts experienced traders from all around the world.
How do you trade on Bitfinex and which Bitfinex trading bots should you use?
By now it is obvious even to the most staunch crypto skeptics that Bitcoin, Ethereum, and altcoins are here to stay.
The digital currency market is rapidly expanding and flocks of people approach crypto day trading as their new choice of career.
Why? Because it is able to deliver a steady and reliable income, and everyone can try their hands at it. Bitfinex is a gate to this new source of profit.
Okay, but why use Bitfinex trading bots? Because trading bots do crypto trading better than humans.
Bitfinex bots, for example, do not need time off, any sort of leisure, or vacations.
They remain fully focused 24/7, do not suffer from emotional disruptions, and are guided solely by instructions, not feelings.
Finally, they react in a fraction of the time it takes for us to even process a potential trade offer.
Oh, and one more thing. Using Bitfinex trading bots reduces the time you spend trading from hours per day to minutes per day, essentially leaving enough time for another job or full leisure.
Paints a clear picture of what automated trading looks like, right?
Let’s go step by step, however, and find out more about the platform itself and the choice of trading bots that suits Bitfinex the most.
Best Bitfinex Trading Bots 2024
The power of Bitsgap lies in its ability to empower the small players with such an efficient set of Bitfinex bots to challenge the big market sharks for market supremacy.
This also includes beginners to trading crypto and no-programmers! With Bitsgap, you can rightfully earn your piece of the crypto pie.
How does Bitsgap achieve this?
- Price: $24-$149/mo
- Free Trial: 7 days
- Types of Bots: Grid Bot, Scalping, Arbitrage, Unlimited Smart orders, Futures bots, Trailing Up & Down for bots, Take Profit for bots
- Supported Exchanges: Binance, OKX (OKEx), Bitfinex, HitBTC, Bittrex, Huobi, Exmo, Kucoin, CEX.io, Kraken, Poloniex, Livecoin, Coinbase PRO, Coinbene, Coinex, Gate.io, Bitstamp, Liquid, Gemini, BitZ, Yobit, DDEX, Bithumb, Bibox, BigOne
- Mobile App: Not available
By reducing the complex trading process to a set of automated operations, all of which are executed by a piece of software, rather than intense human labor, of course!
We all know bots beat humans when it comes to trading crypto; Bitsgap knows this all too well.
More importantly, how does Bitsgap earn you money?
In its main mode, this Bitfinex trading bot gives the user a small profit each time a price shift occurs on Bitfinex or any other supported crypto exchange.
This grid bot works across multiple connected platforms and works most optimally when the market conditions are shifting and unstable, which is quite often.
You can unleash this bot whenever, though, and expect a reliable profit, at least on a small-intensity, high-frequency scale.
As Bitfinex supports a huge variety of altcoins, you can set up as many pairs as you like and expect awesome returns on your investment.
Punch in the limit and let the bot do its magic! Go spend your precious time elsewhere and leave room for Bitsgap to do the chores.
Bitsgap will never disappoint as it is cloud-based and available wherever you have Internet access.
Next to zero risks, full safety, maximum profits, and enviable versatility. But hey, don’t take our word for it, launch the 14-day free trial and see for yourself.
A renowned software with a history of praise and reputation, Quadency has much to offer to both seasoned veterans of the trade and users with little to no trading experience alike.
With a bountiful offer of tools and services that allow both flexibility and a powerful performance, this Bitfinex trading bot is a next-gen service desired by many.
With less than a dozen clicks, it gives you the opportunity to tap into the pool of profits usually reserved for the big names in the field.
With Quadency, you can tackle the toughest markets within minutes.
How? This trading bot relies heavily on advanced AI technology that learns from others and quickly adapts to the market circumstances.
Before other software can spot the shifts in the market environment, Quadency seals the deal and fills your crypto wallet instead of that of your competition.
It is no wonder why this makes Quadency an integral part of every best Bitfinex trading bot list.
Besides, Quadency serves as a platform that combines every linked exchange into a single user interface from which you can easily manage your crypto empire.
Every sale, every purchase, and every rebalance can be done within Quadency.
The choice of bots is rich and you can pick from an exhaustive list of pre-built scripts, but you can also make your own from scratch.
Couple this with detailed market research done on a regular basis, a solid security policy, and a thriving community of users, and you get a perfect storm which makes it rain for you.
Another fabulous candidate for the best Bitfinex trading bot list, Coinrule is so popular that you have most likely already heard of it if you had any contact with cryptocurrency.
As it took the market by the storm, Coinrule adapted its automated crypto trading solutions and as a result, it has learned the mechanics of crypto trading by heart.
No hard coding necessary, not even previous experience in trading crypto.
- Price: Free-$449.99/mo
- Free Trial: Unlimited for basic accounts
- Types of Bots: Order Types, Conditions and Triggers, Trend Following Technique, and Accumulation Bot. Total 150+ Rules
- Supported Exchanges: Binance, HitBTC, Coinbase Pro, Okex, Bitstamp, Bittrex, Poloniex, Kraken, BitMEX, Bitfinex, Bitpanda pro, Liquid, Binance US
- Mobile App: Not available
Powerful bots combined with easy deployment make sure that even rookie traders can make professional gains.
You can go with pre-built bots if you dislike meddling with software solutions, but you can also devise something of your own from the pre-built features and script pieces.
Rules such as stop-loss, trailing, and rebalancing can be implemented by a simple drag-and-drop process.
Every month Coinrule obtains the newest signals, making it as innovative and adaptive as it goes, and this fits perfectly into the dynamic market of cryptocurrency, Bitfinex included.
Did we mention that these signals are free of charge? Which is awesome.
With these users can make well-informed decisions on which strategies they should use, and Coinrule displays a true commitment to mutual trust and transparency.
In short, a platform that connects your Bitfinex with the rest of the world, provides a steady and reliable source of profit, and requires little to no previous time spent coding and trading.
That’s Coinrule for you. And Coinrule rules!
Get ready for a break from beginner-friendly software as 3Commas is certainly not it.
Designed by professionals and for professionals, 3Commas focuses on efficiency and display of force on the market rather than accessibility and ease of use.
That is not to say that 3Commas is not accessible or easy to use, it simply does not spend valuable time and resources on the most basic of information.
However, people with no previous experience with trading bots and crypto trading should probably skip this one.
What makes 3Commas a superb Bitfinex bot?
First of all, it does not provide generic pre-built bots and cookie-cutter templates. On the other hand, it has the potential to make several bots-worth scripts.
If you can name it, 3Commas can make it: smart trading terminals, paper trading, backtrading, dollar-cost averaging, options trading, grid bots, and more.
Everything that the industry can offer, 3Commas provides.
As another proof that they didn’t totally sacrifice accessibility for efficiency, their basic package is free of charge.
Yes, you read that right, the associated costs of the base software is zero bucks.
Mega powerful performance, rock-solid security, and generous cost-efficiency ratio propels 3Commas towards the top of the best Bitfinex trading bots list.
The only flaw of this ingenious piece of software is that you have to learn the ropes first.
However, the friendly community is more than ready to help you make that first step.
Cryptohopper is a textbook example of how much more able bots are than humans when it comes to crypto trading.
In an all-automated process, Cryptohopper’s bots spot the deal, react to it, commit to a trade, and leave with a profit before the human eye can catch the offer on the screen.
As a proper Bitfinex trading bot, Cryptohopper is 110% productive around the clock.
Attach your Cryptohopper to Bitfinex and a bunch more from the supported exchanges list and you can transform it into your primary trading hub.
It’s not all machines and AI for Cryptohopper, though.
This platform is also home for a budding community and a marketplace of strategies from which you can copy trade some of the most capable traders out there.
Cryptohopper brings along a whole bunch of pre-built scripts and solutions that you can employ and embark on a successful Bitfinex bot journey to a reliable profit, same as the most prestigious traders in the field.
That said, you can just as well come up with your own cash-winning idea, realize it in the Cryptohopper’s bot builder, and launch it on the market to make an additional source of income by renting out your strategy.
Both a bustling community of fellow traders and a cutting-edge bastion of smart AI technology, Cryptohopper can sate every trader’s needs for profit and business relationships.
Awesome work, Cryptohopper!
Founded in 2012, Bitfinex is a seasoned crypto exchange and has quite a reputation in the trading circles.
With its wide support for altcoins and other crypto tokens, fiat currency deposits, and relatively low fees, this crypto exchange has remained an obvious choice for a great number of users, especially from areas where there is little support for alternative options.
Although not available to people in the U.S. Bitfinex still offers quality trading services to the rest of the world.
In spite of this, Bitfinex’s reputation is still marred by two serious breaches by hackers in which a lot of people lost their assets.
The incidents still haunt the consciousness of the digital crypto audience, although a serious boost in security and safety of the platform since these attacks has successfully prevented any additional breaches to this day.
Nonetheless, Bitfinex is still a platform of choice to mid-level and expert traders as it echoes due to the availability, efficiency, and optimization of their services.
Why Use Trading Bots on Bitfinex?
Bitfinex is a vast network of cryptocurrency and non-cryptocurrency, which makes various combinations of pairs possible and feasible.
Add fiat deposits and withdrawals, margin trading, and staking to the mix and the concoction quickly grows out of hand.
Therefore it is essential to use a trading bot which can keep track of all these without any difficulties.
We as humans, on the other hand, would quickly get a headache just from the sheer amount of opportunities available.
Also, trading bots adhere to security and safety principles given to them by the exchange and the instructions, so by using them you never have to be afraid of slips in attention or giving away sensitive data.
As we said before, observing crypto trading bots do your work takes minutes per day, while you yourself would have to spend several hours per day just monitoring the situation and combing the market space for suitable moments of making a purchase or a sale.
Are Bitfinex Bots Legal & Allowed?
Bitfinex bots are perfectly legal and supported by the platform.
Trading with bots has become the norm of the industry, so it would make little sense to ban their use on any reputable market.
This exchange is no exception, so Bitfinex trading bots are not only allowed and legal, but also encouraged.
After all, using trading bots makes the whole trading process simpler and easier, which in turn increases the number of people who choose to partake in trading crypto.
This increases the total traffic of crypto traded on every platform, and this increases the total revenue collected by the market in fees and tariffs.
Everyone wins this way, and the Bitfinex people know this.
In short, yes, Bitfinex bots are legal and allowed. If you pick the right bot, you never have to worry about safety, privacy, and security of your Bitfinex trading bot’s activity.
Do Bitfinex Bots Need Dedicated Software?
You can find Bitfinex trading bots in two forms, either cloud-based or in the form of dedicated software.
There are slight differences between these two that can influence your choice.
Cloud-based technologies enable widespread use of Bitfinex trading bots on the go and from a wide assortment of supported devices.
Most commonly accessed via browsers, cloud-based Bitfinex bots favor accessibility as they do not require dedicated devices and setups.
On the other hand, Bitfinex bots that come as specialized software require installation on a dedicated device.
They also require you to maintain Internet access at all times, rather than having a cloud service maintain it for you.
The benefits come in the form of added security, as it is you who maintains security measures rather than the cloud service.
In short, with software installation, you provide a device and uphold a connection, but it is also you who dictates the terms of privacy, safety, and security measures.
Are Bitfinex Bots Free?
There are some free Bitfinex bots and free pricing plans of paid software, yes.
However, free Bitfinex bots come with their own disadvantages when compared with paid versions.
For example, there are open-source bots out there, but they often require expert level knowledge and experience in both coding and trading in order to be operated.
Since open-source code most of the time neglects accessibility, ease of use, and quality of life features due to the niche audience that usually uses it, they often remain useless to the average crypto trader.
Free plans of paid versions do not have this problem in general, but come with reduced performance and reduced range of provided services, especially when compared to the paid plans of the same software.
Needless to say, you can always stumble upon a “free” bot online and get scammed if you decide to give it a go.
The Internet is crammed with ill-intended coders who seek to rob you of your assets.
Never go with untrusted software and always take the offers online with a grain of salt, especially if they sound too good to be true or offer their services for free.
Not everything is a scam if it sounds over-the-top, but most of the stuff is. Tread carefully!
How Much Do I Need to Start?
We are all aware that you cannot start investing into anything without any money.
You have to have something in order to start trading, the only thing that can vary here is the total sum of the initial investment.
Bitfinex has its exchange trading fees, and also has some additional fees besides.
Currently, Bitfinex charges traders on its platform on a maker-taker basis, with charges for makers starting with 0.1%, and chargers for takers going 0.2% and upwards.
As the total trading volume on a monthly basis grows, Bitfinex charges lower fees to the user.
In addition to these regular fees, Bitfinex charges its users a fixed deposit fee for fiat currency stored on your account, the minimum charge being $60.
You do not need to pay a standing fee for cryptocurrency deposits, however you still remain obliged to pay the blockchain fee.
Withdrawing has its own associated fees, depending on the altcoin you want to transfer. Check their official website for a complete list.
In short, Bitfinex has average to below-average fees when compared to the crypto trading industry.
While not the most favorable fees on the market, Bitfinex’s associated costs are by no means higher than the most of other exchanges.
Any Unique Bitfinex Pairs?
Oh, yes! Bitfinex has more than 190 different trading pairs available, and many of these come as a Bitfinex exclusive as you cannot find them at other popular cryptocurrency exchanges.
Combined with a wide assortment of fiat currencies not available to other providers and you get a lot of potential combinations that smart day traders can use to their own advantage.
Overall, Bitfinex can offer significant opportunities to traders of various skills and levels of experience, depending on the crypto trading bot that you opt for.
Picking a trading bot to explore the exchange with is perhaps not essential, but trading without a bot is a whole another plane of difficulty.
It is true that Bitfinex has a history of breaches behind it, but, for now at least, they seem to be put firmly behind it.
The platform seems stable enough, offers ample opportunities, and has quite a number of professional users on it.
With everything being taken into account, we can greenlight Bitfinex wholeheartedly. Well done!