BEST CRYPTO EXCHANGES
In a hurry?
The best Kryll alternative in 2023, as found in our independent testing, is Pionex!
Automated crypto trading is an innovative leap in trading in today’s world. While investors used to need skills, time, and patience for crypto trading, now investors only require capital to kick start their trading journey thanks to automated trading.
Kryll is one of the cloud-based crypto trading platforms with an automated trading facility. It offers a range of pre-set strategies to use in crypto trading and earn profit.
However, it doesn’t support as many exchanges as other platforms do.
Moreover, if Kryll doesn’t provide what you’re looking for in a crypto trading bot, or you want to try another crypto trading bot, then you’re at the right place.
In this article, we’ll discuss the five best Kryll alternatives available in the market.
Best Kryll Alternatives in 2023
Here’s a quick look at the best Kryll alternative:
- Pionex – 🏆 Winner!
- Coinrule
- Bitsgap
- TradeSanta
- HodlBot
1. Pionex
There’s no doubt that Pionex is the best Kryll alternative available in the current crypto exchange industry.
Since Pionex’s launch in 2019, it has eventually become a global cryptocurrency trading platform with in-built automated trading bots.
The Singapore-based crypto trading exchange comes with 16 trading bots which an investor can easily employ to improve their trading tactics.
These bots are, in fact, available for free and enable investors to make the most using these tools to optimize their crypto trading.
On top of that, all these in-born trading bots are cloud-based, which means that investors don’t have to keep their system on at every minute of every day.
- Price: FREE
- Types of Bots: Arbitrage Bot, Grid Trading Bot, Copy Trading, Social Trading, Martingale Bot, Spot-Futures Arbitrage Bot, Rebalancing Bot, DCA, etc.
- Supported Exchanges: Huobi, Binance, Pionex
- Mobile App: iOS & Android
In addition, Pionex is easily accessible from any laptop, computer, or smartphone, allowing crypto investors to automatically or manually trade popular cryptocurrencies, including Binance and Huobi, from anywhere and at any time.
Okay, now that we have a considerable understanding of Pionex, it’s time to talk about some of its automated crypto bots.
An investor can delegate the trading element to any of Pionex’s 16 notable crypto trading bots, which will concentrate on executing purchase and sell orders without demanding the operator’s intervention when all the pre-set market conditions are met.
And therefore, it can be advantageous to investors having limited crypto trading time.
The best and the most popular one among the 16 crypto bots is the Grid Trading Bot. It basically purchases and sells orders within a predetermined price range, assuring consistent and modest profits from volatility.
This trading bot is best for non-professionals or traders who’re inexperienced in crypto automation.
On the other hand, the Reverse Grid Bot increases an investor’s holding when their digital coins’ value declines.
It’s specially designed to boost the sale of crypto coins when their values cross the pre-set higher and lower level.
Simultaneously, the Leveraged Reverse Grid Bot raises the performance of the standard Reverse Grid Bot and increases potential gains by adding leverage.
The available ratios of the Leveraged Reverse Grid Bot are 1:1.2, 1:1.5, 1:2, and 1:3.
The Infinity Grid Bot has a far more complex benefit distribution system than the Grid Trading Bot that uses percentages and has no higher range limit.
This Bot is advantageous for investors who expect the crypto market to continue to escalate.
Trading Bots Available on Pionex
Pionex, being the best platform for crypto trading with automated trading bots, offers a range of 16 amazing cryptocurrency trading bots.
Bots presently available on this platform include:
- Rebalancing Bot
- Arbitrage Bot
- Grid Trading Bot
- Trailing Sell Bot
- Leveraged Reverse Grid
- Martingale Bot
- Time-Weighted Average Price (TWAP) Bot
- Leveraged Grid
- DCA (dollar-cost averaging) Bot
- Smart Trade
- Spot futures arbitrage Bot
- Dual Investment
- Margin Grid
- Trailing Buy
- Infinity Grid
- Reverse Grid
Pros and Cons of using Pionex Trading Bots
2. Coinrule
Another Kryll alternative, Coinrule, has been in business since 2018 and is one of the most advanced yet easy-to-use cryptocurrency trading bots.
Co-founded by Oleg Giberstein (COO) and Gabriele Musella (CEO), it aims to standardize crypto trading by offering expert-level tools to professionals and rookies.
This platform allows the investors to create crypto trading rules (strategies) that keep an eye on the market for trading opportunities and run them completely automated.
- 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
The trading bots of Coinrule are programmed to allow the execution of crypto trading commands on behalf of an investor on any exchange account.
These bots can utilize the Application Programming Interface (API) offered by a crypto exchange.
The basic concept of an API is that it acts as a point of connection between at least one pair of computer-based interfaces (in this case, web apps), allowing them to associate with each other and perform a trader’s instructions.
Okay, let’s take the example of Binance (the most active crypto trading exchange on the basis of daily traded volume).
It allows its users with API access. Investors can carry out crypto trading and withdraw their funds without logging onto Binance by just using the API offered by the exchange.
Coinrule, at the time of registration, approaches the users and asks for approval to do crypto trading on behalf of them.
Trading Bots Available on Coinrule
The Coinrule platform features over 150 distinctive trading templates, with some in-built automated crypto trading bots.
The two best-automated trading cryptocurrency bots available on this platform are:
- Built-In Trading Strategies
- User-Friendly Automated Trading
Pros and Cons of using Coinrule Trading Bots:
3. Bitsgap
Bitsgap (another Kryll alternative) is a cloud-based one-stop cryptocurrency trading exchange that enables investors to supervise various trading accounts through one interconnected interface.
Despite being a newer bot on the market (established in February 2018), Bitsgap has managed to integrate around 30 crypto trading platforms utilizing API.
This implies that investors can control their funds’ holdings across every connected trading platform and buy and sell over 10,000 cryptocurrency pairs from one dashboard.
- 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
The platform offers a range of easy-to-follow trading tools together with automated trading bots to develop a buying and selling program to earn profit from any crypto price movement.
Alongside, it offers tracking open positions on connected platforms, on-chart order management, smart trades to use “take profit” and “stop-loss” trades at the same time, alerts to monitor market anomalies and portfolio management.
Trading Bots Available on Bitsgap
Bitsgap comes with five excellent in-built automated trading bots, namely:
- SBOT Bot Strategy
- Classic Bot
- Trailing Bot
- Scalper Bot
- Future Trading Bots
Pros and Cons of using Bitsgap Trading Bots
4. TradeSanta
TradeSanta, another Kryll alternative, is also a cloud-based crypto trading exchange that provides an excellent free plan and a trial of 5 days of TradeSanta’s basic plan.
While the free plan of this platform lets an investor trade with a maximum of 2 bots, the basic plan comes with 49 trading bots.
Its website is outstanding at making automated crypto asset trading feel simple.
The TradeSanta platform offers great tutorials and non-stop support. Investors can create their trading strategy utilizing their Long or Short templates and customize the same from scratch.
Moreover, TradeSanta supports around 6 crypto exchanges, with BitMEX arriving soon.
Trading Bots Available on TradeSanta
The newly launched cloud-based tool TradeSanta has a total of two automated trading bots and around three bot templates, namely:
- Short bot template
- DCA Bots
- Grid Bots
- Long bot template
- Custom template
Pros and Cons of using TradeSanta Trading Bots
5. HodlBot
And the last Kryll alternative, HodlBot, is a cloud-based crypto trading bot specially designed for indexing, portfolio creation, and rebalancing.
For crypto investors who want to automate their investment activities, HodlBot is an excellent option.
Its prominent feature is the cryptocurrency market indices, including the top 20 digital coins by square root market cap.
The HodlBot platform offers a well-researched index that keeps the best digital assets in an investor’s portfolio.
This platform comes with a free trial of seven days, and after that, the pricing of HodlBot is dependent on the value of the portfolio. It charges a fee of 3 USD per month for accounts under 500 USD.
Moreover, a subscription of 6 USD per month from accounts with a value between 500 USD to 1000 USD.
And for accounts valuing 1000 USD and above, HodlBot charges a fee of 14 USD per month.
Trading Bots Available on HodlBot
HodlBot is a crypto trading platform with some amazing automated trading bots. These are:
- Automated Periodic Rebalancing Bot
- Active Rebalancing Bot
Pros and Cons of using HodlBot Trading Bots
Conclusion
And with that, we’ve come towards the end of our write-up. It’s time to conclude it up.
Okay, in this article, we’ve talked about five Kryll alternatives you should give a shot in 2023. However, if you ask us to choose our favorite, it would undoubtedly be Pionex.
Here’s why we’ve ranked Pionex as the number of Kryll alternatives:
- All the trading bots of Pionex can be efficiently accessed
- Pionex trading bots are free to utilize and don’t charge anything extra
- There are a total of 16 free fully-automated digital currency trading bots on Pionex, making it suitable for both new and expert-level investors
We recommend you walk through the article before choosing the Kryll alternative that’s best for you.
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Written by Thomas McGovern
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