In a hurry?
The best Indodax trading bot, as found in our independent testing, is Bitsgap!
Using trading bots to your advantage in the crypto market simply makes sense, and having the best Indodax trading bot under your belt can set you on track to a very healthy investment portfolio.
Indodax is the largest cryptocurrency exchange serving the Indonesian market, with over 85 tradeable cryptocurrencies available.
Although the platform continues to grow, it’s still considered relatively niche compared to other major crypto exchanges.
Nevertheless, the platform still offers plenty of investment opportunities to the undeniably massive Indonesian population.
Best Indodax Trading Bots 2023
Here’s a quick look at the best Indodax trading bots in 2023.
1. Bitsgap – Best Indodax Trading Bot
Whether you’re new to the technicalities of training bots or consider yourself to be a veteran on the matter, Bitsgap is an excellent option for anyone.
The company provides various trading bots that are suitable for many different investment strategies and goals.
You can find a bot for GRID, futures, and DCA trading, which gives the bots limitless adaptability in the market.
Regardless of which bot you decide to go with, traders will benefit from features such as numerous predefined strategies, detailed performance analytics, and 24/7 operation.
Moreover, Bitsgap offers a free demo mode that allows you to test trading strategies before you invest your own money.
- 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
Traders won’t have to worry about security as the company has that covered from every angle.
High-end encryption is used throughout their entire platform, giving you the privacy you deserve between Bitsgap and Indodax.
If you want to get a good idea of what Bitsgap has to offer, you can sign up for a week-long trial and test it out for yourself before choosing a subscription plan.
Their pricing plans are pretty flexible too, as traders can choose between their basic, advanced, and pro plans which come with varying benefits and features.
No matter which plans you choose, your portfolio is bound to benefit from their services. You can also save 17% on your plan by opting for a six-month subscription.
Part of what makes Bitsgap such a great option is their level of transparency in their products and on their website.
Bitsgap doesn’t leave much to question, as traders can find nearly everything they might want to know on the home page of their website.
If you happen to have more detailed questions about their services, their FAQ covers lots of information, and customer service is only a click away.
It’s evident that the company truly cares about the crypto industry as a whole.
Traders can also find a vast amount of market knowledge on cryptocurrency, giving them a leading edge on every trading call.
Another company that’s known for its quality trading bot services is Coinrule.
Built with the all-encompassing trader in mind, the company provides comprehensive trading bots, and they give crypto investors the ability to choose from over 150 different trading rules.
If you’d like to take a more customized approach, you can build your own rules that adhere to your specific investment goals and strategies.
No coding is required, which makes Coinrule a viable option for anyone.
- 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
This Indodax trading bot also provides a test for rule performance and historical data so you can get an idea of what your potential profits may look like.
This also allows you to determine which rules may work best in conjunction with your particular investment strategies and long-term goals.
Coinrule has a decent reputation already, making it an excellent choice for Indodax exchange.
Not only do they hold a positive track record with their customers, but they continue to innovate and add value to their services where they can.
On their website, they also have a calculator for estimating your potential costs between your trade volume and the price of the subscription plan you choose.
Speaking of which, they do offer paid plans, but they also provide an entirely free subscription model that comes with plenty of features.
The free plan includes benefits such as two live and demo rules in addition to seven template strategies and more.
Their paid plans offer up even more for traders to use at their discretion, including unlimited trading volume, one-to-one training sessions, and even your own dedicated server.
If you decide to go with an annual subscription, you can get 25% off your total cost, which is pretty substantial compared to other trading bot providers.
The company also accepts many different payment methods, including cryptocurrency, which makes them an excellent option for traders all over the world.
Aside from the vast adaptability of their trading rules, traders can also benefit from their buzzing community of crypto enthusiasts and many tutorials to take your trading game to the next level.
Boasting over sixteen different trading bots, BitUniverse is another stellar option for traders who are looking to automate their trading strategies and improve the health of their crypto portfolio.
It’s another go-to choice for traders on the Indodax exchange, in addition to 25+ other prominent exchanges in the market.
As with many bots, you can expect 24/7 service from what BitUniverse provides, and their algorithms support GRID trading, intelligent tracking, and accurate profit and stop-loss strategies.
Some other companies on this list may offer more detailed features, but that doesn’t mean BitUniverse can’t deliver on their promises.
The company makes it easy to put their Indodax trading bots to use as traders can utilize either the web or mobile version of their bot, which is compatible with iOS and Android devices.
BitUniverse is serious about the protection of personal information, which is why they invest in the necessary security measures to ensure military-grade encryption across the board.
Considering its mobile compatibility, BitUniverse offers one of the most efficient bot services in the crypto market.
Moreover, traders can rest easy knowing that BitUniverse will never have direct access to your trading funds.
It only uses official exchange APIs to conduct trading, so you’ll always have full control.
They’re a fast-growing company that adds some competition to bot trading.
Although some of their services may be similar to other companies in this article, BitUniverse comes with a feature that can’t be beaten, which is a free business model.
The company doesn’t require a subscription to use their services, and they don’t implement any hidden fees in your trades.
This isn’t something you’ll find with many trading bot services and is a primary reason the company has garnered so much attention from crypto investors.
Traders can find everything they need to know about their trading bots on the home page of their website.
They also offer a detailed FAQ section that dives into more specific information about how their business and services operate.
They don’t have as much history in the market as other Indodax bot providers, but they’re quickly growing while capturing the interest of more crypto-traders across the globe.
Everyone likes to have options, and it’s vital that you test a few different trading bots on the Indodax exchange to see which one is best suited for your cryptocurrency endeavors.
With mobile and desktop compatibility, you can stay on top of the progress of your bot and crypto portfolio with ease.
Their Indodax trading bots give you the opportunity to benefit from features like long and short trading strategies, range-bound trading, dollar-cost averaging, and much more.
The company also provides a risk-free approach through their paper exchange.
This tool allows you to test different Indodax trading bots and strategies without risking any of your funds, leaving only your best strategies to be used for actual trades.
One of Cryptohero’s most interesting features is their bot marketplace, which allows traders to lease their custom bots, providing an additional source of revenue.
If you experiment with or manage multiple exchange accounts, you can view them all from a single interface by using Cryptohero.
Traders will also benefit from detailed market data such as total supply, address information, market cap, and more.
They also keep traders’ personal information under a tight wrap, and they avidly speak out against broker’s programs that many other exchanges partake in, which expose trade data of their users for profit.
They definitely have a unique business model with standout features, and they offer free and paid subscription options.
The free tier provides one active bot, unlimited trading limit, and unlimited positions.
If you’re looking for more features, their paid tiers are quite affordable, as the premium option is $13.99 and the professional tier is $29.99, both of which are billed on a monthly schedule.
No matter which tier you go with, traders will enjoy a massive list of benefits that’ll enhance their trading experience and increase their potential profits on a daily basis.
After spending some time on their website, it’s clear that Cryptohero cares more about the cryptocurrency industry rather than personal profits.
They ensure each trader is fully educated on how their services work, and you’ll also find plenty of valuable market information across their website.
This helps crypto investors get the most out of their bot.
Even though bot trading comes with many automations, it still takes a bit of market know-how to really put them to good use.
Can I Use a Trading Bot on Indodax?
The good news is that you are going to be able to easily use a trading bot on Indodax.
This is because Indodax is attempting to keep up with the competition and stay in line with what the industry is doing.
The majority of crypto currency exchange platforms out there are now allowing their clients to use trading bots so if they want to stay relevant, they need to offer this feature to their clients as well.
There are quite a lot of trading bots that are compatible with Indodax out there, we just recommend that you stick to the ones that we’ve talked about above, especially if you want to maintain the security of your account.
Will I Need to Download Some Special Software?
The thing about Indodax trading bots is that they are created in a number of different forms, and they cater to a wide audience.
This means that some of these trading bots are going to be required to be downloaded and installed onto your desktop, while others are going to be based on the web, which means that you’re going to be able to access them through your Internet browser.
This allows for a lot of flexibility when choosing a service that is going to suit your needs the best.
There are pros and cons to both, just know that a web-based bot is going to being able to be accessed from anywhere whereas with a trading bot that you will have to download, you will have to keep it running all the time on your computer.
Is It Safe to Use an Indodax Trading Bot?
Yes, using a Indodax trading bot is completely safe.
However, you do have to keep in mind that you need to only refer to lists like the one that we have above, because if you just do a random Google search, and attempt to do your own research, you are going to very easily fall into the trap of choosing one that might not be best for your needs.
There are lots of free trading bots out there that aren’t worth your time, based on their level of quality and security.
Is There a Free Indodax Trading Bot?
Speaking of a free Indodax trading bot, we advise against using one.
Again, if you have a small budget when it comes to a Indodax trading bot, then we understand why it might be tempting for you to use a free bot for your Indodax trades.
However, we have to advise against it, because of vast majority of them don’t have your best interests at heart.
They are going to offer low quality features, and they aren’t going to have the security measurements in place that are really important when trading in cryptocurrency.
Indodax is a growing exchange with increasing prominence in the crypto market.
It’s the first choice for many traders in Indonesia, so it’s only fitting that they too have access to trading bots that are built for their exchange of choice.
As the market continues to fluctuate and evolve, using bots to trade will only become more common, as it gives the everyday trader an edge on institutional investors and the fast-paced nature of the market.
This article lists the best Indodax trading bots that are available right now, each providing a unique set of features that are beneficial for various types of investors, trading strategies, and investment goals.