In a hurry?
The best Coinbase bot for automated trading in 2022, as found in our independent testing, is Bitsgap!
Coinbase is a really popular cryptocurrency exchange platform based in the US.
It is regulated, and it supports multiple digital assets. It is also safe to use and provides insurance on the assets of its clients.
The business charges relatively high fees, and sometimes it is too overwhelming to operate properly on it.
If you are someone who has traded for a while in the cryptocurrency industry, and you want a more advanced approach, you can always sign up for their pro account.
Just Quickly: Bonus Trading Bot
Pionex is easily one of the best trading bots out there to work with, and the biggest reason for this is because they are completely free to use.
Now I have to tell you this isn’t actually a Coinbase trading bot but I had to introduce you.
You can use the free Pionex bots on the Pionex exchange!
Yes, you have heard the words ‘completely free’ before, which is why you’re probably feeling a little bit skeptical.
However, trust us when we say that they truly are completely free to use, and there are no strings attached to this.
We also love that they have more than just one bot for you to choose from, in fact, they have 16 free in-built trading bots that you can capitalize on.
Literally, all you need to do to make the most of these trading bots is enter your email address, and you will receive them free of charge.
One aspect of this trading bot that we like the most is they have different types of trading bots, depending on what you’re hoping to achieve, so if you want to go for their grid trading bot, this is available, and they also have arbitrage bots available too.
If you happen to be someone who hasn’t got the biggest amount of experience in the trading bot industry in general, they also have a ton of information on their website about how to trade safely and successfully.
Best Coinbase Bots for Automated Trading 2022
Today, we’re going to talk about the best Coinbase bots in 2022 that you can use to better assist your trading journey, and better automate your investments.
1. Bitsgap – #1 Coinbase Bot 🏆
Bitsgap is a really popular Coinbase trading bot that can offer integrated solutions for making your trades smooth and straightforward.
When you use a trading bot like this, you can use all your trading accounts inside the same room, and they also say that they support more than 25 platforms as well as Coinbase to automate your trading journey.
- 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
One thing that we love about this cryptocurrency trading bot is that they can share with you their demo trial, so that you can check the functioning of the bot and determine whether it is a good fit or not.
They offer features including portfolio tracking, and the ability to use their tools on multiple exchanges, as well as arbitrage.
They offer preconfigured trading bots, as well as the opportunity to gain returns from a variety of different avenues in the world of cryptocurrency. Their pricing is divided into 3 categories, starting at $19, and going up to $110.
Their customer support is decent, and they have grid strategies that are going to earn high returns for you.
Coinrule is a fantastic Coinbase trading bot that makes its trades super easy, and they say that they empower their traders to compete with professional algorithm traders and hedge fund managers out there, and the best part is that that you don’t have to know anything about coding.
As well as being able to use these guys with Coinbase, they say they also work with nine other popular exchanges, and they offer military-grade encryption and security.
- 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
With their Coinbase trading bot, you can create automated trading rules, and you can do so 24/7, so you never have to miss out on a rally.
If you are someone who likes to proceed with your trades with caution and doesn’t want to send anything out there before you’ve been able to test it, they’ve got this aspect as well, which is in the form of a testing strategy area on their website.
This way, you can see historical data around that strategy, and decide whether it is a good fit for you.
Quadency is another successful Coinbase bot that can help you automate your trading journey. They have 15 market strategies from expert traders, and they support more than 35 cryptocurrency exchanges out there.
One of the advantages of this cryptocurrency trading bot is that they can help you access their pro version for free, and their trading bots have some unique features including dashboard management, an options trading bot, and automation.
They are safe and secure and easy to use. This Coinbase bot offers three different subscription plans, with their first subscription plan being free, and then their pro subscription plan being $49 a month.
Their unlimited trading plan is $99 a month. If you are someone who likes to keep everything professional, then this is the place to be.
TradeSanta is a helpful Coinbase trading bot because they are based in the cloud, meaning that you don’t have to download anything to use their features, and they are also great because they are helpful not only for professionals but beginner traders.
If you don’t want to spend too much of your spare time trading, but you still want to earn a profit from your trades, then you need to make most of these guys.
One of their most famous features is their long and short trading bot that can easily help you implement central trading strategies in the market.
They also provide a number of technical indicators, real-time tracking, bot templates, take-profit targets, and even a mobile app that is compatible with iOS and Android.
Their pricing comes in three different packages, starting at $14.00 a month, then $20 a month, and $30 a month. They have a free trial period as well, so that you can check the functionality of their bots before you commit to anything.
What are Crypto Trading Bots?
A cryptocurrency trading bot is a piece of software that is designed to automate your trades. If you want to create a trading bot, you will have to write your own code, and come up with a unique trading strategy.
Then, you can use this code or program strategy to place an order. However, there are a lot of companies out there that provide these services already developed, once you have paid for an ongoing subscription.
So, if you don’t have the skills to code yourself, you can always make the most of the services that we are going to talk about below to help automate your trades.
How Does a Trading Bot Work?
A trading bot works because a team of experts and traders are going to come together to develop a robust and successful trading strategy that you make the most of.
The end result is a trading bot that is able to open and close positions based on the process. The main point of using a bot like this is that they are free from human emotion, which means that they can make trades without biased strategies being involved.
We personally think that they are definitely worth the money that you invest the majority of the time.
How to Create a Trading Bot with Coinbase
The first thing that you will need to do is connect your trading bot to your profile on Coinbase. When you have chosen the right trading bot, you will need to link the API keys of your Coinbase profile.
After this, you can head over to API management, and create a new API key after completing authentication. All you need to do is copy and paste the API key into your trading bot.
Once you’ve done this, you have officially programmed your trading bot, and you are good to go.
The good thing about Coinbase is that it offers its clients a lot of customer support, especially when it comes to its FAQ section.
However, if you are dealing with any issues around automation or anything else to do with the crypto trading bot in general, then we suggest first checking the problem with the bot provider.
If everything is going fine on that end, you can head over and get in touch with the Coinbase customer support team. You can go to their help center, or you can contact them directly to talk about your problem.
They will attempt to communicate with you as quickly as possible.
Why Do I Need to Use an API?
An API key is going to let you connect your chosen trading bot with your Coinbase profile. This is because the bot is not going to be able to withdraw funds from your profile for security reasons.
This is why almost all cryptocurrency exchanges out there use API keys to connect to your trading bot.
Which is the Best Free Coinbase Bot?
Pionex is easily the best Coinbase crypto trading bots for free out there. Another thing that we love about this Coinbase trading bot is that you don’t have to worry about connecting your exchange using API keys.
Does Coinbase Include an Investment Bot?
No, Coinbase doesn’t come with its own Coinbase bot, however, you can connect to a third-party trading bot like the ones that we have talked about above.
As we have talked about in this article, Coinbase is easily one of the most popular cryptocurrency exchanges, and the good news is that it is completely regulated.
Therefore, if you want to capitalize on making relatively low-risk cryptocurrency investments on this popular exchange in 2022, you need to find a Coinbase bot.
We think that the services that we have discussed above are more than capable of providing their clients with high-quality Coinbase trading bots so that you can put your best foot forward, and learn from the experts who have gone before you.