The thing about the cryptocurrency market is that you might be tempted to throw in all your chips at once and make investments with high risk.
However, another thing about the cryptocurrency industry is that it is highly volatile, which means that if you decide to invest in cryptocurrency this way, you could end up experiencing a lot of loss.
If you are someone who wants to be able to make some serious profit from cryptocurrency trading, then you definitely need to take calculated risks and do this by taking the time to analyze the market before you trade anything.
This is where scalping comes in. Scalping is a trading technique that requires you to keep a keen eye on the market so that you can be aware of market movements and price changes.
In this article, we’re going to cover the best crypto scalping bots in the industry, and also talk about why you might want to implement scalping as a cryptocurrency trading strategy next time you are on your exchange.
Let’s jump in.
Best Crypto Scalping Bots
Pionex is by far the best crypto scalping bot in the industry, and one of the biggest reasons for this is that it is completely free to use.
There are plenty of other crypto scalper bots out there that might claim this, but there will be a catch involved somewhere or another.
With these guys, they are absolutely free, and there are no strings attached. They can help you automatically trade your cryptocurrency values with 16 inbuilt trading bots that are completely free.
Literally, all you have to do is visit their website, enter your email address into their system, and you will get some of their bots completely free.
Another thing that you’re going to appreciate if you are pretty new to this industry in general, is that they build up their bots on their end, and do all the technical things over there as well so that you don’t have to worry about any of this, especially if you are someone who doesn’t really like to get their hands dirty with the technical stuff.
Another thing that you’re really going to like about these guys is that they are really easy to get started with, and they have different trading bots that you can capitalize on, depending on what kind of trade you wanted to make.
For example, if you are really into arbitrage trading right now, you can use their arbitrage trading bots. It definitely doesn’t really get any easier than this, so you want to make the most of this free crypto scalping bot before everyone else does.
Coinrule is another crypto scalping bot that can help you on multiple cryptocurrency exchanges out there, so that you aren’t limited when it comes to your investments.
They also say that they make everything about their trades super easy, and you can actually set your automatic trading rules around the clock.
They will access market indicators for you that are accurate and up to date, as well as advanced tools are going to help you allocate your funds properly, so that you can stay in control of all the trades you make, and not worry about using a system that’s going to glitch at some point.
Speaking of systems, theirs is super user-friendly, and the good news is that you don’t really need to know anything about coding in order to capitalize on it.
This means that you can access templates that have been made for you and all of their templates come with multiple strategies, including scalping.
One of the things that we love about this crypto scalping bot is that they can help you trade for free, and on their website, you can see a slider where you can see how much they are going to charge their clients, based on what you need from there.
Another thing that we really like about this crypto scalping bot is that they have a tutorial on their website, so that you can get to know how they work, and how you can use their features to your advantage.
If you are someone who wants to know as much as you can about a crypto scalping bot before you commit to anything, then these guys are a good choice.
Bitsgap is another successful scalping bot that is great for scalping and arbitrage.
On their platform, you will see a number of different features that you can choose from so that you can maintain more control over your scalping activity.
Orders are going to include market orders, shadow orders, stop-limit orders, and take profit orders. Their crypto scalping bot can automatically adjust so that you can purchase and sell your coins at the set range.
This way, you can feel confident that you are actually going to make money throughout the day, even if the values are small.
They use external signals so that you can manage fluctuations in the market, and receive alerts on slight changes, so you can take calculated risks when it comes to your investments.
If you are someone who is just beginning your cryptocurrency trading career, we suggest that you make the most of their demo account.
With this account, you can really learn how the industry works, and how to trade without having to take big risks, without incurring a loss.
All you need to do to get started with this cryptocurrency scalping bot is register using an email address and a password.
Then, you can begin your trades, and ensure that everything is kept safe from hackers.
Binance is of course a cryptocurrency exchange, and you probably already have heard of them, and even might be using them already to exchange your cryptocurrency coins.
But what you might not know is that they are also actually a crypto scalping bot and you can capitalize on their grid trading bot so that you can scale successfully, and make many transnational trades.
If you want to make the most of their grid bot, then you will need to make sure that you are trading on futures.
Because futures trading relies on leverage, you will need to do your homework before you take this kind of risk.
The good news is that the grid trading bot you will find here is completely free to use, which means that there is no monthly payment for being signed up for it, however, they will take a transaction fee of 0.1%.
If you aren’t too sure about them and want to learn how they work in the beginning before you commit to anything, they offer a free trial for seven days, so that you can see how everything works, without actually having to give away any of your coins right now.
Quadency is yet another professional scalping bot that can help you simplify your trading experience, and can also help you with bot strategies, analytics, portfolio management, and unified trading.
They say that their overarching goal for their clients is to provide them with superior portfolio management, seamless trades, and access to over 1500 cryptocurrency coins.
One of the things that we love about this crypto scalping bot is that they are easy to use, and they are also secure so that you can be connected to major cryptocurrency exchanges out there without worrying about your personal information being compromised.
They also have other advanced settings for clients who are wanting to trade cryptocurrency so that you can boost the leverage of your cryptocurrency trades.
They have a section on their website called ‘bots’, where you can find the right strategy for your needs and choose to either to make the most of a bot that has already been made or one that you can develop on your own.
The good thing is that you can get started with these guys completely for free, but this is of course going to have limited features, but it is great if you are brand new to the industry, and you want to learn how they work.
They have three plans available, and two of these aren’t free, but we love that they support more than one exchange, so that you can connect to any of their supported exchanges, including Coinbase Pro and Binance.
All you need to do to get started with these guys is register one of their accounts and share your email and password.
Cryptohopper is another well-known crypto scalping bot that is based in Amsterdam.
It is definitely one of the best cryptocurrency bots that can help you with scalping, and it can help you set your take profit and stop loss positions, while making the most of their protection mechanism, so that you can capitalize on as much revenue as possible with your trade, without taking huge risks.
They have both 5 minutes and one-minute timeframes when it comes to determining your entry and exit positions, and they say they offer their clients a choice between three different scalping strategies, which include their volatile trend scalper, their pure trend scalper, and their momentum trend scalper.
Cryptocurrency traders can make the most of their bots to eliminate any human errors, because they have algorithms that are preprogrammed, as well as trading strategies that are preprogrammed.
They say that their platform is compatible with more than 75 cryptocurrencies, and they work with the majority of exchanges out there.
They incorporate a range of different tools, including a backtesting feature, so that you can play around as much as you want with different strategies, without risking your funds.
The more you play around and experiment with their scalping bots, the more you are going to be able to use them to your advantage because you will get to know them really well.
When it comes to customer support, they have the maximum level of support, as well as a lot of different tutorial videos on their website, so that you can really learn how they work, and take advantage of their features.
3Commas is a cryptocurrency scalping bot that is based in Miami, and it is designed to help traders who aren’t exactly familiar with the technical side of things, as well as those that don’t really come from a financial background.
They have an insured platform, with a lot of preprogrammed strategies that can help you get started.
It is also possible to customize and devise your very own strategies, and among their preprogrammed strategies are take profit, stop loss, and trailing take profit strategy.
They make scalp trading incredibly easy, and they also work with the majority of exchanges out there, so that you can compare your trades on different exchanges and work out which ones are offering the best rates at a given time.
They have a great reputation in the industry, and the best part is that because they are a web-based platform, they are completely safe to use.
This means that your money isn’t going to be stored on the trading bot, and the same bot isn’t going to have access to your funds.
Like with some of the other scalping bots that we’ve talked about on this list, to register for these guys, you will need to set up an account with your email address and choose a subscription that suits your needs the best through their dashboard.
Altrady is a scalping bot that was founded back in 2017, by someone who had previously spent a long time in the trading community.
He really thought about what traders were wanting out of a crypto scalping bot, and as a result, founded this software.
We love that it comes with comprehensive trading options, as well as a number of different advanced functions.
There aren’t any bots available on the platform currently, but it can be easily integrated with other bots.
We don’t think it will be long before they have developed their own bots, but you might just have to sit tight until then.
Haasbot is going to be a great option for a scalping bot if you want to make the most of your scalping techniques, and you are either a beginner or an experienced trader.
We love that their interface is super user-friendly, and they can help you configure bots to trade all day every day.
You can access their exchange both with Linux and Windows and you can install it and run it locally, unlike a lot of other scalping bots that are based in the cloud.
They’re going to make it really easy for you to interact with more than 50 indicators, as well as real-time backtesting features.
They want to make sure that all of your trades are going to be safe, and they are compatible with more than 20 major exchanges out there.
They have scalping bots that make everything happen really quickly and can help you close a series of small trades every day.
As your bot trading session wears on, the profit is going to generate steady profit margins, and all these settings are preset, so that if you want to do any customizations, you will have to make the most of their standard bot to do this.
We love that they are technologically advanced, but also offer their clients the chance to customize their bots at the same time.
If you don’t want to do this, you can capitalize on the 15 bots that they have available, which fall under a number of different strategies.
When it comes to customer support, they have some of the best, including live updates of profits and losses, an FAQ section, and a support ticket, where you will receive quick assistance on their website.
Getting set up with them is incredibly easy, all you need is a valid email address.
What is Scalping Trading?
Scalp trading occurs when you make the most of the fact that the cryptocurrency market is highly volatile.
There are a lot of traders that are benefiting from the strategy by making small trades that happen within seconds or minutes, which means that to make the most of trades like this, you will need to make several of them a day.
The good news is that you won’t need to have a lot of funds to earn profit from trading many times a day.
This is why scalp trading is often a great technique to be made the most of by people that are relatively new to the cryptocurrency trading industry, and might not have a lot of assets to exchange.
How Does it Generate Profit?
A lot of the time, scalping traders use their gut to decide when to trade, and when not to trade. Each trader is going to figure out a personal system that is going to guide their decisions.
One common approach with traders is that they are going to trade a lot, and only take between five and 10 minutes to make a decision about a particular trade.
Some scalping traders are going to do this process manually, while others are going to use automatic software and systems.
Manual traders will have to analyze market volatility and price charts before they make their move, so in this situation, a trader needs to know real-time market movements and possess advanced analytical skills, in order to read the room, and monitor trades closely.
They will also need to be attached to their chair, so they don’t miss a good opportunity to trade, or find themselves in a compromising position when it comes to their existing trade. This is where scalping bots can come in handy.
When you use a trading system like this, it can reduce the risk of human error, and a trading bot can also trade on your behalf even when you are away from your desk.
This way, you can be making profit from your cryptocurrency trades without even having to do it yourself.
Types of Crypto Scalping Strategies
If you choose the road of cryptocurrency scalping, then you can’t afford to make the wrong decision when it comes to your trades.
If you procrastinate, or you are indecisive about a trade, this can cause a lot of loss in revenue.
This is why it is recommended that both beginners and experts adopt a particular strategy that is going to help guide their decisions.
Let’s take a look at what we think are the most well-known scalping strategies out there.
Crypto Range Trading
Crypto range trading is when you figure out the highest and lowest selling points of cryptocurrency within a specific time period.
As the trader, you can either choose to take a long or short position depending on what kind of outcome it’s looking like.
Once you figure out a favorable range, you can manually purchase cryptocurrency at the lowest price, when the market is at the support level.
Then, you can go on to sell that same cryptocurrency at a higher price, when the market is at resistance.
Bid Ask Spread
This means the difference between the asking price and the bid price. When a scalper uses this strategy, they will need to open a position at the ask price or bid price.
They will need to then quickly close the position a few points higher or lower, depending on which move is going to make you more profit.
You can either execute this strategy through a narrow bid, or a wide bid.
A cryptocurrency arbitrage strategy means that a scalper is going to make the most of an incredibly volatile cryptocurrency market to purchase and sell in different scenarios.
The buying and selling is going to happen almost at the same time because the scalper is going to make the most of even the smallest change in price.
They can make the most of either pairing arbitrage, or spatial arbitrage, where you buy and sell on different exchanges and bet against fluctuations with spatial arbitrage.
When it comes to pairing arbitrage, this means that you are only going to use one exchange in order to reduce your risk. You might even only choose to work with one cryptocurrency, and one Fiat currency.
This is when a cryptocurrency scalper studies the market and works out different price fluctuations before they sell or buy.
Margin trading is when you trade using funds that belong to a third party, in order to capitalize on your returns.
Some exchanges are going to let traders use as much as 100 times the investment to execute margin trading.
This is definitely a risky way to trade, but the strategy also lets scalpers have more capital gains when it comes to their moves.
How to Set up a Crypto Scalping Strategy
If you are just beginning your journey as a cryptocurrency scalper, then you might want to follow the steps below, so that you can come up with the best cryptocurrency trading strategy for you.
Choose Your Trading Pairs/Assets
The thing about the cryptocurrency market is that it is extremely diverse, which means that there are thousands of cryptocurrency coins that differentiate in value, and relevancy.
Of course, some are going to be more popular than others, and others are going to be more commonly traded. This is why it’s important that you choose your cryptocurrency trading pair really wisely.
Find the Right Trading Platform
Whatever trading platform you choose to go with, this is going to heavily affect the actions you take when it comes to your trades.
Of course, you will need to find an exchange that has a really good reputation. One of the best ways to work out if a trading platform has a good reputation is by reading reviews online.
You will also need to know whether the website has a good user interface.
As a beginner, you will want to ensure that the training platform is going to give you a good user experience, and the thing about scalping is that it requires quick trading, which can only happen if the exchange is a well advanced and can accommodate for quick moves.
Lastly, you will need to confirm how much you are going to pay when it comes to fees based on what you are trading. Just make sure that there aren’t any hidden fees anywhere when it comes to your trades.
Find a Trading Bot
We don’t think that there’s anything wrong with trading manually, but we also think that if you are in the beginning stages of your cryptocurrency trading career, and you don’t have a lot of technical experience, you will want to capitalize on one, maybe until you know enough about the industry in order to do everything by yourself.
As we’ve mentioned, using a cryptocurrency trading bot is also going to allow for faster trades, and also reduce the chance of human error.
Bots are also helpful if you are someone who doesn’t actually have time to execute your trades manually.
Don’t Be Inflexible with Your Strategy
We don’t recommend that you just choose one strategy and stick to it all the way through.
We suggest that you play around with a few different strategies with smaller transactions, so that over time, you can work out which one works best for you.
You will never know what you’re missing out on unless you try it.
Pros and Cons of Crypto Scalping
Of course, just like any other method in the cryptocurrency industry and beyond, crypto scalping is going to offer both advantages and disadvantages.
Let’s take a look at what these are:
Is Scalping Worth it for Everyone?
Scalping is a risky business and requires quite a bit of technical analysis, otherwise, you could end up with a lot of loss. Therefore, it isn’t for everyone, especially if you are a beginner.
If you are just starting out, we suggest that you only trade occasionally, until you really know what’s going on with the market.
So, there you have it, what we believe to be the top crypto scalping bots in the business.
At the end of the day, how you choose to sell and purchase your cryptocurrency coins is completely up to you, and as you can see, there are a number of different methods for you to choose from.
It all comes down to what you’re hoping to get out of being in the cryptocurrency industry, how much time you’ve got on your hands, how many trades you’re hoping to make a day, and what kind of risks you’re willing to take.
If you are willing to play around and experiment with a few different strategies, we are sure that you will end up being successful in this venture at some point. Good luck!