5 Best Hummingbot Alternatives in 2022 (Sites & Apps Like Hummingbot.io)

Last Updated: September 12, 2022
If you’re looking for Hummingbot alternatives, no problem. We’re here to help. We’ll recommend some of the best Hummingbot alternatives that are more efficient and useful. Here is a list of the top 5 Hummingbot alternatives that you can need to try.
Best Hummingbot Alternatives
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The best Hummingbot alternative in 2022, as found in our independent testing, is Pionex!


Hummingbot is a community-driven crypto trading and open-source platform designed to democratize automated and algorithmic crypto trading by developing advanced high-frequency trading strategies freely accessible to everyone across the world.

However, the platform is not beginner-friendly, so new, amateur, and inexperienced investors may find it hard and confusing.

If you also find the platform hard and confusing to use, or you’re looking for Hummingbot alternatives, no problem.

We’re here to help. We’ll recommend some of the best Hummingbot alternatives that are more efficient and useful.

Here is a list of the top 5 Hummingbot alternatives that you can need to try in 2022.

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

Best Hummingbot Alternatives in 2022

1. Pionex

Pionex

A leading crypto trading exchange that comes with 16 in-built automated trading bots and a competitive fee structure is Pionex.

One of the best Hummingbot alternatives enables its users to computerize their trading strategies on crypto assets or incorporate with leverage via a user-oriented platform.

It’s a centralized platform for crypto trading launched in 2019 and has headquarters in Singapore.

Pionex sums up liquidity from the world’s best crypto trading exchanges like Huobi Global and Binance instead of just allowing its order books for eager buyers and sellers.

This enables the crypto trading bot, Pionex, to achieve competitive prices for its trading pairs and register a broad range of supported crypto assets for investors to purchase and sell on the spot market.

👉 Get Pionex FREE

It’s suitable for both experienced and amateur investors who want to learn the way of crypto trading with automated bots.

Although the platform doesn’t offer a demo trading account to perform trading practices without risk, it allows 16 remarkable trading bots like Grid, Leveraged, and Martindale trading strategies.

Pionex is, in fact, one of the very few cryptocurrency trading exchanges that offer a wide range of automated trading bots to investors that can be set up easily and quickly.

The platform currently provides 16 trading bots that are completely free to use.

However, it’s really important to know about these bots because it comes with no demo account.

The Grid Trading Bot is one of the most popular bots that offers a strategy for range-bound crypto markets.

The Grid Trading Bot automatically orders a purchase trade when the crypto prices reach the lower limit of a pre-set grid and sell when its prices reach the upper limit of the predetermined Grid.

Pionex offers its users an option to either set the Grid manually or use its algorithm to set the price range depending on the historical data of the past 7 days.

It’s the best tool for new investors with no trading knowledge.

Although it usually helps investors gain profits, keeping in mind the high volatility of the crypto market, sometimes it may incur losses.

Trading Bots Available on Pionex

Being one of the very few platforms that offer 16 bots free to use, Pionex is undoubtedly one of the best Hummingbot alternatives. Here is a list of its trading bots:

  • Infinity Grid
  • Spot Futures Arbitrage Bot
  • Trailing Sell Bot
  • Dual Investment
  • Martingale Bot
  • DCA (Dollar-cost Averaging) Bot
  • Time-Weighted Average Price (TWAP) Bot
  • Grid Trading Bot
  • Rebalancing Bot
  • Margin Grid
  • Smart Trade
  • Leveraged Reverse Grid
  • Reverse Grid
  • Arbitrage Bot
  • Trailing Buy
  • Leveraged Grid

Pros and Cons of using Pionex Trading Bots

Pros
  • One of the main benefits of using Pionex trading bot is that it offers a broad range of automated bots, currently numbered at 16
  • The trading bots available on Pionex are cloud-based, and therefore no need to keep your system on 24-7
  • Pionex trading bots help traders to focus on their primary jobs because there’s no need to observe the crypto market continuously
  • All the crypto trading bots on Pionex are free to use
  • You don’t need to have any coding knowledge to use its training bots
Cons
  • Pionex trading bots may sometimes make unpredictable moves
  • The in-built automated cryptocurrency trading bots are subject to mechanical failure

2. Coinrule

Coinrule

Coinrule, the second-most popular Hummingbot alternative, is a cryptocurrency automation software that helps traders execute investments on their behalf to simplify crypto trading strategies and connect their different portfolios in various crypto exchanges.

It has a user-friendly interface, and it gives priority to efficiency and simplicity to offer concrete solutions to generic strategy.

The Coinrule crypto trading platform was established in 2018 by Oleg Gilberstein and Gabriele Musella.

The founders claim that their platform improves and boosts all the widely used strategies in popular crypto exchanges.

It supports multiple crypto-assets giving a vast choice to investors to choose from.

The platform enables its users to modify their trading strategies and develop new ones to invest with.

Coinrule operates a web-based trading solution, and its team utilizes a clean, simplistic, user-friendly design that any trader can easily understand.

Coinrule comes with more than 150 crypto trading rules (strategies) that an investor can use at any point in time.

Moreover, the Coinrule users can determine their crypto trading rules with the requirements to understand or use any code.

It works through the modern and advanced technologies and API to more than ten supported crypto platforms.

Usually, the platform takes around 500 milliseconds to transmit any order to the market, making it quite a fast platform.

Trading Bots Available on Coinrule

The Coinrule crypto trading exchange offers a wide range of tools with 150 trading strategies. Alongside, it also comes with some automated bots, namely:

  • User-Friendly Automated Trading, and
  • Built-In Trading Strategies

Pros and Cons of using Coinrule Trading Bots

Pros
  • Coinrule offers some amazing automated bots that are beginner-friendly
  • It has a set of over 150 trading strategies that are helpful for both new and advanced traders
  • Anyone with any prior coding or trading knowledge can use this platform, all thanks to its user-oriented bots
Cons
  • Coinrule offers a limited number of automated crypto trading bots
  • The trading bots available on Coinrule are not freely accessible

3. Bitsgap

Bitsgap

The third Hummingbot alternative on our list is Bitsgap, established in 2018 and providing a broad range of tools and services to digital currency investors.

A trader can find many services, including trading bots, portfolio management, demo mode, and signals.

The platform is not limited to just one kind of cryptocurrency trading and compels investors to use various exchanges to satisfy their needs.

Bitsgap, in fact, makes the whole process of managing crypto portfolios a lot easier and helps in performing important trading tasks.

And that’s what set Bitsgap apart from other trading bots that rely on a single model. It enables users to combine their asset management and crypto trading service needs.

Moreover, the demo mode of Bitsgap enables an investor to mimic trading tasks and strategies without any risk of losing money.

It ensures amateur traders have sufficient practice with these mechanisms before spending their hard-earned money.

Likewise, experienced traders can test their strategies before applying the same.

Trading Bots Available on Bitsgap

There are currently five in-built automated trading bots available on the platform. These are:

  • Classic Bot
  • SBOT Bot Strategy
  • Trailing Bot
  • Scalper Bot
  • Future Trading Bots

Pros and Cons of using Bitsgap Trading Bots

Pros
  • The automated trading bots offered on Bitsgap are back-tested and fully automated
  • Bitsgap trading bots help in investing online currencies automatically within a pre-specified price range
  • The Scalper trading bot of this platform offers a huge advantage from slight movement in crypto price
Cons
  • The functionality of Bitsgap is not that satisfactory
  • You can’t invest with leverage on this crypto trading bot

4. KuCoin

KuCoin

Another Hummingbot alternative, KuCoin, is a crypto trading platform that offers digital assets traders with a vast range of advanced crypto trading tools.

When it comes to 24-hour trading volume, experts ranked KuCoin as one of the top ten crypto trading platforms.

It provides its users the ability to invest in most top crypto coins, such as Ethereum, Bitcoin, Litecoin, and others.

The trading bots of KuCoin enable the investors to trade and increase crypto holdings without monitoring the charts and crypto market round the clock. 

There are six types of in-built automated bots available on the platform to choose from, including DCA, Smart Rebalance, Spot Grid, Futures Grid, and others.

While setting up the bots, an investor needs to choose a strategy. This will dictate the number of returns they can expect.

It shows a trader the highest return of each strategy so that an investor knows how much profit to expect.

Trading Bots Available on KuCoin

KuCoin allows its users to choose from a set of six unique in-built automated crypto trading bots, namely:

  • Infinity Grid
  • Margin Grid 
  • Dynamic Rebalancing 
  • DCA (Dollar Cost Average) 
  • Futures Grid 
  • Classic Grid 

Pros and Cons of using KuCoin Trading Bots

Pros
  • KuCoin has a range of advanced crypto trading bots
  • All the bots available on KuCoin are user-friendly and therefore can be easily set up
Cons
  • KuCoin may not be the best platform for new investors with limited trading knowledge
  • The educational resources on KuCoin are limited

5. 3Commas

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

The last Hummingbot alternative, 3Commas, is a crypto trading exchange developed to help an investor with in-built automated digital assets trading bots.

Currently, there are over 33,000 3Commas users, and its per day trading volume amounts to 10 million USD. 

Trading Bots Available on 3Commas

Popular trading bots available on 3Commas are:

Pros and Cons of using 3Commas Trading Bot

Pros
  • It allows its users with smart trading
  • 3Commas enables copy trading and therefore helps new investors
  • All the trading bots available on 3Commas are cloud-based
Cons
  • 3Commas is not an ideal platform for beginner-level crypto-traders

Conclusion

That’s all for today’s article. We’ve mentioned five of the best Hummingbot alternatives available in the industry.

However, if you want to know our recommendation, it’ll undoubtedly be Pionex.

These are the reasons why we think Pionex is the finest Hummingbot alternative and recommend you to try it in 2022:

  • It offers fully cloud-based automated trading crypto bots
  • All the bots are available free of charges
  • The platform offers a wide range of trading bots
  • Its trading bots are back-tested and fully automated

Remember to analyze the other trading bots also before making any choice.

Happy trading! 

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Written by Thomas McGovern

Thomas has over a decade of experience with blockchain and cryptography. He writes regularly for EarthWeb and holds a M.S. in Mathematics.
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