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Best Bitmex Bots for Trading Crypto

5 Best Bitmex Trading Bots in 2023 (Free & Paid)

Published on: June 11, 2023
Last Updated: June 11, 2023

5 Best Bitmex Trading Bots in 2023 (Free & Paid)

Published on: June 11, 2023
Last Updated: June 11, 2023

In a hurry?
The best Bitmex trading bot, as found in our independent testing, is Bitsgap!


Searching for the best Bitmex trading bot?

If you are familiar at all with the world of cryptocurrency, you will know that there are a number of popular exchanges out there where you can easily invest cryptocurrency in.

From the most famous like Binance and Coinbase Pro, to lesser-known options like Bitmex, there are plenty of choices out there, each with its own advantages.

If you are attempting to invest cryptocurrency on Bitmex right now, then you might want to make the most of a Bitmex trading bot.

The thing about cryptocurrency trading is that unless you want to stay up all night and wait for the market to be in the right place, you aren’t going to be able to implement every trade that you want.

This is where a bot comes in. A bot can help you automate and streamline the process.

Let’s review the best Bitmex bots for trading cryptocurrency, so that you can connect the right Bitmex trading bot to the exchange that you ultimately want to be investing your cryptocurrency in.

Best Bitmex Trading Bots in 2023

  1. Bitsgap – 🏆 Winner!
  2. Coinrule
  3. Pionex
  4. Cryptohopper
  5. 3Commas

1. Bitsgap

Bitsgap

Bitsgap is an awesome Bitmex trading bot that has been around since 2017, and they have a wide range of features, making them one of the best trading platforms in the industry if you want to be able to automate your cryptocurrency trades.

They offer a wide range of services, including Futures Trading bots, and arbitrage bots.

As well as their bots, they also offer their users a number of signals, so that you can make the right trades at the right time.

👉 Get Bitsgap FREE

They combine all of this with their portfolio tracker, as well as their trading terminal, which means that at the end of the day, they are a really well-rounded service.

They offer really good levels of security as well.

To make sure that hackers aren’t going to be able to get access to your funds, they don’t take on the tokens themselves, they simply trade your tokens on your behalf, and the API keys are protected using high-end encryption.

As far as customer support goes, they offer an extensive and thorough FAQ page, where you can find answers to most of your questions.

If you aren’t able to solve your problem, they also have a Telegram account, as well as an email address.

Their pricing ranges from $19 a month and goes up to $110 a month.

The majority of the operations are preconfigured and simple, so these guys are great if you are someone who is right at the beginning of your cryptocurrency investment career, and you don’t know too much about it yet.

They also offer you the opportunity to carry out Bitcoin arbitrage and they even offer a free package, that is definitely still worth using.

Not every Bitmex bot out there is going to offer you a free option that comes with features that are actually worth it, so we suggest that you make the most of this.

2. Coinrule

Coinrule

Coinrule is a Bitmex trading bot that was developed back in 2017, and it is based in London.

It facilitates being able to trade using a bot when it comes to cryptocurrency, and it does this for everyday users.

They say that they are a team of cryptocurrency enthusiasts who found that trading cryptocurrency was unnecessarily complex.

Their goal was to simplify the trading process, so that you could automatically invest in cryptocurrency, without having to think too much about it.

👉 Get Coinrule FREE

  • 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

Coinrule makes the most of military grade encryption, so they can protect their user’s tokens, as well as information.

To go along with this high standard of practice, they say that their bots are capable of competing with hedge funds, and big financial institutions, so that you can stay ahead in the cryptocurrency space.

They offer 150 different strategies that you can take advantage of, and through their wide range of options, you are going to be able to find the technique that is going to work best for you.

Like any other Bitmex bot out there, they have a number of different plans for you to choose from, which start at $30, and can go all the way up to $449 a month.

At the end of the day, it is up to you to decide how much you have to spend right now when it comes to your cryptocurrency investment budget, and what you’re hoping to achieve.

We love that they offer military-grade encryption, as well as security for their users, and we also like that they have a really user-friendly interface.

You can also receive messages daily from the platform, that are going to keep you informed on new trading strategies.

3. Pionex

Pionex

Pionex isn’t for the Bitmex exchange. It has its own exchange! So it’s not really helpful if you want to find a Bitmex trading bot – but we thought we would recommend it anyway as it’s free to use!

Pionex enables you to take your cryptocurrency trades to the next level and allows you to trade safely and successfully.

👉 Get Pionex FREE

One of the things that you are going to appreciate a lot about these guys is that they are free to use, but just because they’re free to use, certainly doesn’t mean that they compromise on the quality of their bots.

They have 16 for you to choose from, and they have been built into their system, which means that you don’t need to know anything about coding in order to get started with them.

They also promise that they don’t have a minimum deposit, meaning that you can literally get started with them straight away when it comes to your cryptocurrency investments because you don’t have to save up first.

4. Cryptohopper

Cryptohopper

Cryptohopper is another Bitmex trading bot that was established back in 2017, and they are specialized in cryptocurrency trading bots, with headquarters and Amsterdam.

One of their most notable features is this service which is known as mirror trading.

This is where you can look through popular traders on their platform, and once you have analyzed their previous credentials and trades, you can choose to copy their trades.

This means that you can invest your cryptocurrency tokens using the strategies of someone who is well established, which is going to increase your chances of making a profit.

They also offer paper trading to their users, which is a feature that is still widely unavailable when it comes to the cryptocurrency industry.

Through this feature, you can make the most of their indicators, and the final feature that they have on offer is their strategy designer.

They offer their clients access to a large number of indicators, trading tools, and more, so that you can end up generating your own personalized bot, that is going to automatically trade for you around the clock.

This means that you can carry on with your day, and not be sitting at your computer the whole time.

They start their price points with a free option, which as you can expect, is pretty limited, with their first package costing $19 a month.

Their most expensive package is $83 a month, which we think is pretty affordable.

They offer a really good level of analysis tools when it comes to their traders, and they also offer really good security as well.

Additionally, you can capitalize on their functional mobile app, so you can easily protect your funds, and they don’t ask for any additional fees beyond what you’re going to pay for their subscription.

5. 3Commas

3Commas Review – A Star of the Industry or an Overrated Crypto Trading Bot?

3Commas is yet another Bitmex trading bot that was founded back in 2017, and they claim that they care about their clients so much that they are consistently asking them to give them feedback, so that they can bring out new features that cater specifically to what their clients are looking for.

They support more than 23 exchanges, and they let their users make the most of their range of different bots, so that you can improve your trading profits.

They’ve got a long list of features that you’ll definitely want to make the most of, including their smart trading feature.

This lets you set different stop losses, and profit-taking levels, offering a higher level of personalization than your conventional exchange, so that you can become more specific and intricate with your trading strategies.

They also offer high level portfolio tracking.

Through their platform, you can link up a number of different exchanges and wallets, so that you can keep track of all of your cryptocurrency holdings.

They offer a free plan that allows you to create one account per platform, and then they have their startup plan, which is going to cost you $14.00 a month.

Their most expensive price point is $49 a month, which as you probably can agree with, is pretty reasonable.

We’ve also noticed that their customer support is incredibly effective, and offers you a quick response, and they have an extensive range of educational tools, especially for new users.

If you are someone who isn’t satisfied with just sticking to one bot the whole time, you can also capitalize on the fact that they have a large library of bots to choose from, but one thing to note about this Bitmex bot is that you might be overwhelmed if you are someone who has had no experience in the world of cryptocurrency yet.

What is Bitmex?

BitMEX to Offer Spot Trading and Custody

Bitmex is a cryptocurrency platform, and it has a number of different offices around the world. It was founded back in 2014, and it has worked with other financial institutions including JP Morgan.

One of the biggest advantages to using Bitmex is that they have really good security.

They secure all of their funds away in cold storage facilities, which means that it is virtually impossible to hack them.

Another really good feature that they offer is low fees, which means that you are only going to ever have to pay 0.075%, which is super low, especially when it comes to cryptocurrency.

Another thing worth mentioning at this point is that they are one of the most reputable cryptocurrency exchanges in the industry, so you can feel really confident when you choose to use these guys that you’re going to be able to successfully invest in cryptocurrency, without any downsides.

What is a Trading Bot?

A trading bot is pretty common practice these days when it comes to modern financial markets. Stocks, currencies, and others are subject to automated trading, done by trading bots.

Trading bots can be helpful because they can automate your trades, as well as your investment strategies, and they aren’t limited to time constraints, emotional investment, or constant monitoring of what the market is doing.

This means that trading bots can minimize the risk that you take when investing in crypto, and when you make the most of a number of different tools and factors, you can trade a lot more effectively than the average retail investor.

With the incredible growth in cryptocurrency, bots have become more and more common, which means that at this point, they are now pretty much mainstream.

They are pretty beneficial to the market, because not only are they going to make sure that you never miss a trade, which can be difficult in a market that is 24 hours a day, seven days a week, but they also help you stay nice and levelheaded in a market that is otherwise extremely emotional, because there are a lot of people that are inexperienced, yet making trades.

FAQs

Is Using a Crypto Bot Illegal?

The good news is that it is completely legal to use a cryptocurrency bot to make your investments online, you’ve just got to realize that every country is going to have different rules and regulations around crypto trading in general.

If you plan on spending a lot of time trading through crypto accounts in the future, then it is wise to stay on top of this kind of information anyway because it is going to help you avoid sticky situations in the future.

What Should I Look for In a Bot?

Perhaps the most important thing to look for when you are using a crypto bot is the kind of security that it comes with.

You want to be able to find a Bitmex bot that is going to trade your cryptocurrency for you but isn’t going to store any information or cryptocurrency on its software.

Otherwise, you could be putting your assets at risk of being stolen.

Do I Need to Know a Lot About Crypto Trading Bots to Use One?

The good news is that with the majority of the Bitmex trading bots that we’ve talked about on this list, you don’t need to know anything about coding, or using a cryptocurrency bot in order to make them work for you.

There are going to be some Bitmex trading bots out there that require this prior knowledge, which is why it is a good idea to have a look around in the first place anyway, and land on the best fit for your needs.

How Can I Access BitMex in a Restricted Country?

The best way to access the platform in a restricted location is to use a VPN for BitMex.

Final Thoughts

Not only is it going to be advantageous to be able to trade on Bitmex but finding a Bitmex trading bot that is compatible with the exchange is going to take your cryptocurrency investments to the next level.

As you can see, we’ve got a number of Bitmex trading bots that we’ve talked about on this list today that come highly recommended, so feel free to play around with a few of them, until you feel like you have found the one that is going to suit your needs the best.

Some of them have free options as well so that you can start trading your cryptocurrency without having to pay anything.

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Written by Thomas McGovern

Thomas McGovern is a highly experienced blockchain and cryptography expert with over a decade of experience in the field. He has worked on numerous projects involving blockchain technology, including the development of decentralized applications and the implementation of secure cryptographic protocols. McGovern’s expertise in this area is complemented by his academic background; he holds a master’s degree in Mathematics, with a focus on cryptography and number theory.
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