TOP TRADING BOTS
In a hurry?
The best crypto grid trading bot in 2023, as found in our independent testing, is Pionex!
Grid trading bots are a simple strategy when it comes to crypto trading, and it involves buying low and selling high.
These bots place buy and sell orders based on a specific lower and upper and if the assets price jumps below the specified limit, it isn’t going to execute any more buy orders.
Grid trading can help you make a profit by buying and selling orders at predefined price intervals. It lets you make the most of fluctuating prices in the market.
Grid trading can also let you automate grid trading strategies through grid trading bots, and below, we’re going to talk about what we believe to be the best crypto grid trading bots in 2023.
Best Crypto Grid Trading Bots 2023
As you can expect, these grid trading bots offer different features and different advantages, based on what they ask, so it all comes down to what you’re looking for in your grid trading bot.
Let’s check them out.
- Pionex – 🏆 Winner!
- Bitsgap
- Coinrule
- Quadency
- TradeSanta
- Binance Grid Trading Bot
- Napbots
- Altrady Grid Trading Bot
- KuCoin
- 3Commas
1. Pionex
Pionex is easily the best crypto grid trading bot in the industry, and one of the biggest reasons for this is because their grid trading bots are completely free for you to use.
These guys offer five different kinds of built-in grid trading bots completely for free, and they vary based on what your needs are.
Their grid training bots let you automate grid trading strategies, which means you can set a price range, as well as the number of grids.
You have to choose the percentage of funds that you would like to implement, and you can either set these yourself, or you can use their advanced AI strategy.
Pionex also has a reverse grid bot that you can capitalize on, which lets you store your assets when the price is decreasing.
When it sells your allocated assets at the existing level, it will repurchase them when the price drops. If you think the price is going to drop, then you should make the most of a reverse grid bot.
You will need to configure your own parameters, including the number of grids, price range, and the percentage of funds.
Pionex also offers an Infinity grid bot, which is their premium version of grid trading bots.
2. Bitsgap
Bitsgap is another grid trading bot that you need to make the most of in the industry right now, because they offer their clients a variety of different kinds of grid trading bots.
They let their clients choose the grid quantity, as well as price, exchange, and their lower and upper price limits. They also let you set the percentage of funds that you would like to allocate to that trade.
They offer additional features including take profit, stop loss, and trailing up.
They calculate the profit of each grid by taking away the price percentage of each grid from the trading fee percentage, for selling and buying respectively.
Bitsgap has a demo mode, which means that you can try one of their crypto trading bots for free without having to pay anything.
They have a minimum investment, and this is going to depend on the parameters that you have set. They calculate the minimum deposit based on grid quantity.
You also have to choose your price based on which stop loss is going to be executed. When this is triggered, all open bot orders are going to be cancelled automatically.
The bot is going to sell your base currency at the best available price based on market order.
They say that their basic package is going to cost you $19, their pro package is going to cost you $44, and their advanced package is going to cost you $110.
3. Coinrule
Coinrule is another great crypto trading bot that you need to capitalize on, because they say that they make automated trading really easy.
They ultimately want to help their clients compete with professional traders out there, which means that they have a number of different grid bot trading strategies, as well as grid bots that can do everything for you, so that you don’t even have to think about it.
They are well connected with more than 10 popular exchanges, and they say that they offer their clients military-grade security and encryption, so you never have to worry about any of your assets being compromised in any way.
They allow their clients to create automated trading rules, and you can do this 24/7, and they of course have plenty of historical data based on existing and past grid bot trading strategies, so that you can learn from the best, and work out how to implement your trades properly.
4. Quadency
Quadency is another crypto grid trading bot that offers automatic grid trading strategies for its clients.
They say that they ask their clients to configure the following parameters, like number of grids, the exchange, the distance between grids, amount per order, and when the bot should stop working.
Of course, the higher the number of grids, the more investment it is going to require.
There are a number of options with this crypto grid trading bot, including being able to re-create a grid around the exit price, so that you can continue trading.
Another option is to cancel all options and stop the bot, cancel all orders, close your positions and stop the bot, and lastly, do nothing.
This means that you do get to control a certain amount of the action, or you can choose to delegate this action to the grid trading bot.
This platform charges its clients zero trading fees, which means that you can open and close trading positions without being charged anything.
You will just have to pay them when you generate a profit, and this is going to be 10% of everything that you earn.
5. TradeSanta
TradeSanta is another premium quality crypto grid trading bot that wants its clients to be able to trade cryptocurrency like a professional, which is why they offer trading bots as well as a powerful terminal.
They want their clients to be able to automate their trading with proven strategies, bots, and signals. And they also want you to be able to trade quicker, so that you can maximize your results.
They have a helpful tutorial video on their website about how they work, so that you can really get to know the ins and outs of their grid trading bot before you sign up for anything, and once you’ve created an account with them, you can connect to a number of supported exchanges.
They offer long and short strategies, so that you can take advantage of bear and bull markets, and they also offer spot and futures trading, so that you can capitalize on grid trading bots working hard around the clock for you.
6. Binance Grid Trading Bot
Binance is definitely one of the more well-known grid trading bots in the industry, and it’s actually one of the world’s first cryptocurrency platforms and supports more than 300 cryptocurrency coins for traders.
One of the things that we love about this exchange is that it comes with a number of different bots and utilities that makes it really easy for you to trade cryptocurrencies.
Currently, these guys only offer grid trading bots on futures exchange, which is better suited for those who are wanting to invest in permanent Futures Trading.
This means that their grid trading bots aren’t recommended for newcomers to the world of cryptocurrency, because you put your funds at risk of being liquidated.
7. Napbots
Napbots is an ideal option if you’re looking for a crypto grid trading bot that can help you automate and follow the right crypto trading strategy, with proven cryptocurrency indexes.
They also have a stipulation, where they help their clients manage more than one account at the same time, and you can do all this within a single subscription.
Other platforms out there are going to charge you more for managing multiple accounts, but not these guys.
As far as their dashboard goes, this is really easy, accurate, and safe so that you can track your portfolio performance, and track what your crypto grid training bot is doing for you.
If something were to go wrong at any point, you can also easily get in touch with their customer support team, that is available whenever you need them.
The platform itself has detailed tutorials, if all you need is a little bit of a knowledge boost at some point.
8. Altrady Grid Trading Bot
Altrady is pretty new to the game as far as grid trading bots go, and they offer multiple exchange trading periods that let you transact on any markets, while encountering normal complications or difficulties.
They offer their clients an automated fund manager that lets you keep track of the flow of your Bitcoin, across multiple exchange wallets.
This means that you can benefit from a concise analysis of your assets in general, as well as an in-depth breakdown of their allocation by cryptocurrency exchange and currency.
With automated assessment and monitoring, you can easily make the best trading decisions, and switch up your trading strategy when you need to.
They also talk about offering their clients a multi-exchange trading terminal, so you can look at a number of different charts based on your favorite stocks.
You can choose as many markets as you want to build a layout, so that you can display your business activity on one screen.
Their automatic trading capabilities are a relatively recent feature, but we still think that they’re capable of helping you with everything that you need when it comes to your grid trading bot.
9. KuCoin
KuCoin is definitely worth your time as a grid trading bot, and they are also a well-known exchange that have been around since 2017.
They offer their clients a diverse range of cryptocurrency coins, but just note that their liquidity isn’t as strong as on other exchanges.
Their mobile app includes a grid trading bot, but these guys aren’t recommended for large capital, because the depth can crowd you out.
This exchange focuses primarily on the volatility market and employs an approach that is classic grid trading.
They can help you execute a specific number of purchase and sell orders at different price ranges, depending on the specified price.
A purchase order is going to be triggered when the price falls into one of your grids, and a sale order is going to be triggered when the price increases in another one of your grids.
Because grid trading is pursuing the uncertainty of the market, increased volatility of the market results in higher returns.
Of course, this means that the best strategy is to choose the pair that is the riskiest.
10. 3Commas
3Commas is yet another excellent option as a grid trading bot, especially if you are interested in testing a grid bot out before you invest real money.
They also let you exchange the majority of common cryptocurrency coins out there, and they offer their clients free guides and tutorials that can help you master the art of grid trading.
They can help you automatically determine your grid’s upper and lower limits, and the bot is going to automatically analyze market fluctuations for you, so that they can take calculated risks on your behalf.
They also have manual mode which lets you change the price scale individually, as well as the number of grids, and the grid spacing.
If you have the right skills, it also lets you develop your very own trading strategy.
11. BitUniverse
BitUniverse is the OG of grid trading bots. This interface lets you easily access the bot, and as far as new users go, it is pretty intuitive, as well as being mobile friendly.
The team behind this grid trading bot has made sure to link up to most major exchanges out there, which means that you’re going to be able to access any of these exchanges through their APIs.
It’s also really easy to change the app’s parameters and settings, and the bot lets you access more than 20 exchanges. Currently, there is no fee required for complete access to this grid trading bot.
12. Huobi Global
The next grid trading bot on our list is one of the biggest cryptocurrency exchanges that is located in Asia.
This exchange makes for a great platform not only to trade your crypto currency, but to execute methods like grid trading.
13. Gate.io
Gate.io is a really popular cryptocurrency exchange that lets users from America trade using a grid trading bot strategy.
These guys have been doing their thing since 2013, and they have just recently added the option to use a grid trading bot on their platform.
Because every transaction happens on the exchange, you won’t need to pay for a third-party subscription, or even connect using an API.
These guys are definitely a great option if you’re looking for an easy solution.
Especially if you are someone based in America, and you find that there are limited solutions out there, these guys are going to make sure that you can access all the grid trading bot features that you need.
14. Trality
Trality has a lot going for it as far as being a crypto grid trading bot, because they again have a lot of information about how a grid trading bot works in the first place so that you can learn all about best type of cryptocurrency technique, before you implement it into the live market.
This is one of those platforms and bots that helps you trade like a professional, so that you don’t have to know anything about coding, or anything about the world of cryptocurrency before you dive into working with them.
You can either watch their video that you will find on their website about how their services work, and how they can work to your advantage, or you can try them out straight away, and this is free of charge.
It doesn’t matter whether you have had a ton of experience in the market already, or you are feeling like everybody else knows way more about cryptocurrency investment then you do, these guys are going to make your life a lot easier for it.
What is Grid Trading?
The whole point of grid trading is to place a series of selling and purchasing orders at intervals that are predefined around a specific fixed price, which is then developed into a grid over a certain period of time.
Grid trading does really well on a market that is extremely volatile, with consistent variations in the price as it ensures profitability every time that the selling price surpasses the selling price during a lateral price movement.
This is achieved by automatically executing purchase orders that go onto higher sell orders, which eradicates the need for market forecasting.
Another thing that’s great about grid trading is that it lets you sit back and completely automate the process, which can of course get rid of the micromanaging aspect that is typically required with the majority of trading strategies out there.
As a result, you can profit from this grid trading strategy without having to put too much effort on your end. There are a number of things to think about when using a grid trading approach.
The best cryptocurrency coins to use in grid trading are usually those that have frequent ups and downs, but overall, tend to maintain a relatively consistent value.
How to Use a Grid Trading Bot
A grid trading strategy is going to help you purchase and sell shares based on a predefined price point. Kind of like a flooring setup, it is categorized into a number of different layers, which forms a lattice.
As a result, you can alter the number of grids to meet your personal preferences. The more grids you have, the more you will need to trade.
A price reduction is also going to cut the grid gap, which means each order is going to cost a lot less.
Of course, this poses the million-dollar question: do you choose a higher number of trades with fewer trades, or lower complete profit?
Using a grid trading bot lets you take advantage of changes in pricing, while staying consistent over time. Trading tactics are some of the strongest in fluctuating markets.
The thing about manually applying a grid trading strategy is that it could be very difficult, as well as time consuming.
Grid trading bots support you by helping you complete your transactions, even when you’re not connected to the grid. It is a great choice for short-term trading and stays open around the clock.
How to Configure Your Grid Trading Bot
- Choose your preferred token to use with your grid trading bot.
- Change the parameter yourself, or you can use an artificial intelligence advisor.
- Build your first grid trading bot and reap the rewards.
- Once you have established your grid trading bot, you can look at its information, as well as ROI summary.
How to Create a Grid Trading Bot
It’s easy to come up with your own grid trading bot. All you have to do is modify one of the grid trading bots that are available out there and are open source.
If you want to code your own cryptocurrency bot, you can find this on Google.
However, just keep in mind the fact that this is going to be pretty expensive, and there are also uncertainties associated with coding like this.
This is why there are a number of excellent services out there like the ones that we’ve talked about in this article that offer grid trading bots, for people who don’t even know how to code.
All you need to do is choose your parameter, as well as your trading pair to use with your bot.
You also need to decide on which programming language you want to code in, preferably one that is familiar and common to help with troubleshooting.
Then, you will need to acquire the APIs that you want your bot to use, create all of your accounts with a number of different exchanges, choose your strategy for trading, and ensure that the data you want your trading bot to use is clearly defined.
Benefits of Using a Grid Trading Bot
Reliable Crypto Trading Strategy
The thing about grid trading is that it has been around for a long time, and as a result it is very well established, profitable, and well tested.
There are a number of examples of successful traders that have used it for decades in a number of different marketplaces.
In fact, the world of cryptocurrency has shown itself to be one of the most trustworthy sectors when it comes to grid trading methods, as a result of being extremely volatile.
Practicality
When it comes to usability, it is really easy to understand a grid trading strategy, because it doesn’t involve sophisticated measurements, calculations, or market indicators.
It is a great option if you’re someone who hasn’t really got a lot of experience using a cryptocurrency trading method.
Adaptability
Using a grid trading strategy means that you have an extremely adaptable cryptocurrency trading strategy, that can be applied to almost any market, and more or less generate a profit.
Enhance Risk Management
Being able to choose your grid strategy lets you control the risk reward level a lot more than other kinds of trading.
Automated Trades
Of course, a lot of people know grid trading for the fact that it is really adaptable and flexible when it comes to automation, which means that you are able to execute your trades, even when you are sleeping.
You don’t need to constantly be sitting at your computer in order to make a profit from cryptocurrency trades.
If you’re wanting to take those first initial steps into the cryptocurrency trading market, grid trading is a great option.
What to Know Before Running a Grid Bot
Of course, just like any cryptocurrency trading strategy out there, there are advantages and disadvantages to using grid trading.
Fees are an important consideration, because they are going to have the most influence on your trading results.
If you use an exchange that has a minimal cost, then of course you are going to make more of a profit.
You also need to be able to find the best pairs as well as market circumstances, and work out how to read the market, so that you can get a feeling of what you need to be looking for.
We recommend that you look for charts that have a modest or sideways uptick but try not to observe any indications of a long-term downturn.
Try to find a pair that has already seen significant swings in price, but also doesn’t seem to be about to exit your specified price range in the near future.
FAQs
What is Crypto Grid Trading?
Grid trading lets you buy and sell orders at a predetermined price, and the range is divided into multiple levels that form a grid.
You can choose a number of levels according to what you need. The higher the number of levels, the more the trading frequency.
This is going to decrease the price difference between each level, for example, the amount according to each grid, which is going to reduce each order’s profit.
As a result, you have to decide whether you want a higher number of trades to be executed with less profit, or fewer trades executed with higher profit.
The buy and sell orders are placed below and above the existing price, and as soon as a sell order is implemented, you can implement a buy order at a level below it.
On the other side of things, if a buy order is executed, you can implement a sell order at a level above it.
Why Use Grid Trading?
Grid trading helps you make a profit from the ups and downs of an existing market price.
It has proven to be one of the most effective trading strategies in an ever-changing market.
Are Grid Bots Any Good?
So, are you able to profit from trading in Bitcoin? The outcome is completely dependent on trading ability, as well as risk tolerance.
When it comes to grid trading bots, they can help you purchase low, and sell high.
It is an excellent approach if you have a trading strategy in mind, and the good news is that you aren’t going to be required to monitor the chart consistently during the day; instead, the bot is going to do this for you.
Which Grid Bot is Best for US Residents?
3Commas and Bitsgap are the best grid trading bots for American-based cryptocurrency exchanges, which is why they are great for American residents.
Are Trading Bots Legal?
The good news is that grid trading is completely legal, and most traders have really started to take advantage of this automated trading strategy.
Is There a Course for Learning Grid Bot Trading?
To figure out how to apply the grid trading bot strategy, there are a number of different options out there.
One example of this is ‘grid trading course’, which you can easily Google.
This course is going to offer you everything that you need to know to start out in the grid trading world, and it offers eight sessions, over 16 weeks.
When Should You Use a Grid Trading Bot?
As we have talked about already, grid trading pretty much means that as the value of a coin drops, you purchase a little more, and when it rises, you sell a little bit of it within a specific range that you have set for yourself.
If you are familiar with Forex markets, then you will be familiar with this type of trading.
We recommend that you use a grid trading bot when trading high volume cryptocurrency coins like Ethereum.
It is a great approach if you are someone who likes to check out on the market at all times.
It is really satisfying to see that while the price fluctuates for a day or two, you are still making a profit with every fluctuation.
Of course, there are disadvantages, like there are disadvantages with every cryptocurrency trading strategy.
The first is that grid trading doesn’t do well with a pumping coin. You’re still going to make money, but just not as much.
Another disadvantage is that some coins decline so much that they are going to drop out of your range or it’s going to take too long for the grid profits to overwhelm the decline.
Grid trading bots are really good for repetitive tasks, so that you can make purchases a lot faster.
If you don’t want to have to do everything manually, then a grid trading bot is going to be really helpful.
Timing is also a really important aspect of cryptocurrency trading in general, and a grid trading bot can help to eradicate the possibility of a human error when it comes to timing.
This can ultimately save you a lot of money in the long run. Your bot can be easily configured to make trades at the perfect time, by analyzing the market.
Another reason why grid trading bots are helpful is that complications can be simplified.
The concept is to be able to route trades through multiple pairs, in order to increase your profits.
How Do You File Taxes?
When filing taxes for cryptocurrency bot trading, this is similar to filing taxes for normal cryptocurrency trading; however, before you use any cryptocurrency bots to trade, just make sure to check the text regulations of your specific country, because these are going to vary from country to country.
What are the Different Kinds of Crypto Trading Bots?
There are five different kinds of cryptocurrency trading bots: algorithmic trading bots, market-making bots, arbitrage bots, technical trading bots, and profile automation bots.
Can I Start my Bot with $100?
Yes, the short answer to this is that you can start trading with your bot with any amount of money, but the primary thing is to make sure that your strategy has been calculated correctly, and make sure that you follow all normal precautions that you would follow when trading.
Obviously, you are going to make more money in the long term if you begin with a higher amount of money, but the ROI isn’t going to change based on your starting amount.
As long as the exchange that you’re using to trade lets you start with $100, then you are definitely going to be allowed to start with this amount, as long as you’re also comfortable with potentially losing this amount.
How Much Can I Make with a Grid Trading Bot?
How much you’re going to make with your grid trading bot is going to heavily depend on the stability of the coin pair.
Of course, if you pick a stable coin, this is going to give you less of a return.
If you choose a pair that is volatile, then of course you are going to earn more, but the risk of losing more is there as well.
At the end of the day, a grid trading bot is simply a tool that is going to help you buy low and sell high.
What is the Performance of a Grid Bot in Different Markets?
The performance of a grid trading bot is going to completely depend on the current state of the market.
If the market is showing a downward trend, and you don’t think the price is going to bounce back anytime soon, you are going to see big losses if you leave the bot to run, because it is going to keep buying, and waiting for a higher sale point.
It also isn’t going to perform as well on a market that is increasing all the time, because your bot isn’t going to be able to repurchase any of the coins without a real person intervening.
A grid trading bot is going to work best on a market that is consistent with price over a long period of time but has a fairly big number of volatile fluctuations in price.
This is because the price is almost guaranteed to bounce back, while also allowing for selling and buying opportunities.
What Could Go Wrong with a Grid Trading Bot?
If the prices are going to go above your range, then the grid bot would have sold the positions, and you aren’t going to be able to benefit from that increase in value.
As a result, it would have been better to just buy and hold the value.
The other scenario is that if the prices go below your range, it is going to use all of your funds to purchase the coin and will generate a loss as the price goes below your range.
If this happens, even the best grid trading bot in the world isn’t going to make a profit for you easily.
Final Thoughts
Grid trading bots are a great option to let you automate your trading strategies so that you can reduce your manual work overall.
They operate on a 24/7 basis, and grid trading bots can be altered based on what your needs are.
As you can see from the list above, we have compiled what are the best crypto grid trading bots in the industry in 2023, so that you don’t have to settle for less than what’s ideal out there.
Pionex is definitely one of our favorites, considering their impressive features and the fact that they are completely free to use.
They also don’t have a minimum deposit either, so you don’t need anything to get started.
The other crypto grid trading bots that we have featured offer user-friendly features, and help you configure different conditions, based on when you want the bot to stop working.
In general, you are going to have more control over your bots this way.
We recommend that you play around with a few options so that you can find the one that’s going to suit your needs the best.
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Written by Thomas McGovern
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