The cryptocurrency market is evolving at a challenging pace to keep up with. Developing good trading strategies does not suffice anymore.
For those strategies to succeed and result in good profits, traders nowadays prefer to automate them using crypto trading bots.
In contrast to manual trading, automated trading makes it possible to engage in trading 24 hours a day, 7 days a week.
Trading bots act on behalf of traders, seizing every opportunity presented by this highly volatile market and removing any impediments or risks that involving human emotions may cause.
From creating profitable strategies to choosing the appropriate tools for successful implementation, numerous intricate details make successful automated trading far from easy to achieve.
However, plenty of automated trading platforms and trading bots are available in the market, aspiring to change that!
Trality, one of many such platforms, attempts to bridge the gap between professional and novice traders and helps everyone make automatic trades.
Aiming to make accessible to everyone the technology that automated trading bots are powered by, it has introduced some revolutionary tools.
Supporting four popular cryptocurrency exchanges (Binance, Coinbase Pro, BitPanda, and Kraken), Trality is a software that enables traders to create their trading bots from scratch, with or without prior knowledge of coding.
It levels the playing field for both coders and non-coders by providing this facility.
Still, it also enables traders to back-test and deploy the algorithmic trading bots they have built according to their own trading needs.
Although Trality is often praised for its educational and community-driven interface that promotes the learning and development of individual traders, it may still be found to amplify the confusion for beginners sometimes.
Therefore, we present the following list for beginners to choose their Trality alternative from:
Best Trality Alternatives in 2022
As a trader, you may have already heard of several platforms that allow you to create or access trading bots that can be linked to your exchange account for automated yet, successful execution of your trading strategies.
Pionex, however, is a unique cryptocurrency exchange that also has 16 built-in trading bots, not requiring you to subscribe to or connect your account to any other platform.
A great feature that adds to its uniqueness is that all 16 trading bots are available for free.
Launched in 2019, Pionex is the fastest-growing and most preferred Trality alternative amongst beginners.
It has 16 free trading bots integrated within the exchange, and each of the 16 trading bots comes with a tutorial explaining every minute detail related to its use.
All in all, Pionex is a top-notch automated crypto trading platform with tools that help automate crypto trading, polishing the skills of its users along the way.
Trading Bots Available on Pionex
Following is a list of some free bots available on Pionex:
- Spot-Futures Arbitrage bot
- Rebalancing bot
- Grid Trading Bot
- Arbitrage Bot
- Reverse Grid
- Martingale bot
- Dollar-Cost Averaging (DCA) Bot
- Trailing Sell bot
- Leveraged Grid Bot
- Time-Weighted Average Price (TWAP) Bot
- Infinity Grid
- Martingale bot
- Margin Grid
- Copy bot
Pros and Cons of using Pionex Trading Bots
Created in 2017, Coinrule is the perfect Trality alternative.
Just like Trality, Coinrule was also intended to level the playing field between the big investment banks and private traders, providing them the opportunity to implement equally good strategies and hone their cryptocurrency trading skills as they invest.
Since ordinary investors rarely have the market expertise and coding skills to automate successful trading strategies, Coinrule has stepped forward with a collection of 130+ strategies users can choose to automate.
Coding skills are still not a prerequisite even for traders who desire to create strategies using their cryptocurrency market expertise.
They can write their instructions in English to develop the strategy they wish to automate.
Trading Bots Available on Coinrule
With a wide range of strategies available for users to choose from, the following are some of the types of trading bots that can be easily accessible on Coinrule:
- Order Types
- Trend Following Technique
- The Accumulation Bot
- Conditions and Triggers
Pros and Cons of using Coinrule Trading Bots
Bitsgap, another Trality alternative, is an all-encompassing automated crypto trading platform. It offers everything that Trality does, and then some more!
Bitsgap, serving as a trading terminal, allows users to seamlessly trade on multiple exchanges simultaneously, supporting more than 30 exchanges.
Bitsgap offers its users several services under one roof in a fast-growing and complex cryptocurrency market.
It allows trading on multiple exchanges and provides access to trading bots, lets you provide signals, manage your portfolio, and much more.
Trading Bots Available On Bitsgap
Following are some high-quality trading bots accessible on Bitsgap:
- Grid Bot
- Scalper Bot
- Future Trading bots
- Trailing Up & Down for bots
- Classic Bot
- SBOT Bot Strategy
- Arbitrage Bot
Pros and Cons of using Bitsgap Trading Bots
Traders spend a lot of time studying which exchanges have different cryptos, keeping track of their investments, and trading to keep their portfolios balanced.
Shrimpy has changed that by introducing an effortless portfolio management website.
An excellent Trality alternative, Shrimpy focuses on long-term strategy automation, portfolio tracking, and coping tactics from other traders.
Shrimpy is popular among beginners because it allows cryptocurrency investors to use social portfolios to emulate top traders, discuss different tactics, and automate their accounts.
In short, it reduces the time and effort required to invest in cryptocurrencies while also lowering the risk involved.
Trading Bots Available On Shrimpy
Following are the trading bots available on Shrimpy:
- Index bot
- Rebalance bot
- Copy Bots
Pros and Cons of using Shrimpy Trading Bots
Haasonline is another fantastic Trality alternative. It is one of the most respected and oldest automatic trading platforms.
Established in 2014, HaasBot is a robust automated trading platform that allows the concerned users to design their bots using HaasScript or choose from an extensive range of pre-made bots.
The HaasBot Trade Server is the company’s main product, which, unlike the other cloud-based crypto trading bot oriented platforms, offers a flexible trade server that you must download and set up before using it.
Trading Bots Available On HaasOnline
The bespoke trading bots available on HaasOnline are pre-loaded with historically proven strategies that you can deploy on an exchange by simply configuring settings.
Following is a list of those trading bots:
- Accumulation Bot
- Advanced crypto index
- Flash crash
- Inter-exchange arbitrage
- Mad hatter
- Market maker
- Ping Pong
- Scalper bot
- Standard trade bot
Pros and Cons of using HaasOnline Trading Bots
With global trading volumes increasing, crypto trading platforms are striving for market share and attracting a lot of attention from investors.
Traders have a lot of options when it comes to crypto trading bots.
But, with so many platforms claiming their technology as the greatest crypto trading bots on the market, it is difficult to narrow down your choices.
However, after a thorough analysis of all the options capable of being a Trality alternative, Pionex is positioned at the top of the list for some valid reasons.
Here is why:
- It features a wide variety of trading bots, and most of them are available free.
- Usage is pretty straightforward. You don’t need programming and coding knowledge of any sort.
- Beginner-level traders can benefit from a copy trading bot to follow top investor strategies.