Binance is one of the biggest crypto exchanges in terms of volume, and automating your trades at Binance can take you a great deal of time. In addition, this article will cover the five best trading bots for Binance.
Table of Contents
- Crypto Trading bots are computer programs that help you automate your crypto trading strategy.
- Binance is one of the largest trading platforms around the globe.
- The best five trading bot providers for Binance are Bitsgap, CryptoHero, Quadency, CryptoHopper, and HaasOnline.
- Firstly, Bitsgap offers crypto signals, a grid trading bot, and a new Bitsgap Binance futures trading bot.
- Secondly, CryptoHero is particularly known for its AI-optimized bots and free version of the subscription plan.
- Furthermore, Quadency provides a list of trading bots such as the Grid trading bot, market maker bot, TradingView bot, etc.
- You can also go with CryptoHopper and discover its MarketPlace while enjoying various trading bots, including the Telegram crypto signal bot.
- Finally, HaasOnline is the oldest crypto trading bot provider with its crypto scripting language called HaasScript.
- All the exchanges connect to your trading platform using API keys and cannot process withdrawals from your trading exchange.
Almost all the trading bots providers provide a paid service to their users. However, Pionex, a crypto trading bots provider and crypto exchange.
Get Pionex! Only pay a trading fee for your orders and enjoy FREE trading bots for a lifetime.
What are Crypto Trading bots?
Crypto trading bots are mere computer codes programmed to help you automate your trading strategy. You can create your mainly trading bot by programming your trading strategy. However, various platforms provide this service for a paid subscription. Therefore, if you’re someone who has no interest in coding and wishes to automate your trading strategy, then keep reading.
How does trading bot work?
Professional coders and market experts get together to create trading bots by coding a trading strategy. Additionally, these bots automatically open and close positions on your behalf if they come across a market opportunity. Trading bots are free from human emotions. In other words, they only follow a pre-planned strategy.
What is Binance?
Binance is the world’s largest trading platform in terms of volume. Therefore, the platform offers almost all the services you might be searching for in a crypto exchange, for example, margin trading, staking, lending, launchpad, crypto loans, etc.
5 Best Binance Trading Bots
You might be the best trader; however, nobody can keep an eye on the market when they’re sleeping. And since crypto assets are too volatile, it would be careless to sleep on your leveraged positions. This is where crypto trading bots come in; they automatically get returns if the market goes with your strategy. Additionally, they cut your losses if it goes against your strategy.
Therefore below are the best crypto trading bots for Binance that might be of interest to you.
Bitsgap – 1st Binance Trading Bot
What is Bitsgap?
Bitsgap is among the most popular trading bots on the market. Moreover. it supports 25+ trading platforms, including Coinbase, Binance, Poloniex, Kraken, Bitfinex, etc., hence, caters to almost all the platforms you might be using. Furthermore, the platform allows customers to test the bots in a demo mode before spending any real money in the market.
Additionally, Bitsgap recently launched a Binance Futures trading bot that automates your futures trading with minimal risk.
Bitsgap Binance Futures Trading bot
The Bitsgap Binance futures trading bot was explicitly created to profit from both rising and falling markets. And since the bot takes advantage of leverage, it may create returns up to 1000 times faster than the spot market.
The Bitsgap bot completely automates futures trading. However, since it involves leverage, there are potential risks with running the futures trading bot. For instance, it can result in both big profits and significant losses. To learn more, read Bitsgap futures trading bot.
Bitsgap trading terminal provides almost all the necessary trading tools. Most crypto exchanges do not offer you this opportunity since they are instead focused on providing you the best liquidity. Read the Bitsgap review to learn more.
The team at Bitsgap uses machine learning to study historical data and analyzes the bots that have proven to maximize profitability. Therefore, using the Bitsgap demo mode, you can choose from a list of trading pairs, where the bots have proven to be highly successful. After that, you can try those bots without investing any real money.
Grid trading bot
The Bitsgap Grid trading bot allows traders to set the range and limits for investment and then automatically opens and closes positions in that range. Moreover, the bot works in both long and short strategies and places a buy/ sell order when a sell/ buy order executes.
The platform also offers market signals or price anomalies that could turn into a potential market opportunity. Bitsgap allows you to search a particular crypto asset or sort them based on the assets/ exchange you use.
The platform primarily offers three plans to its users with premium features. Additionally, you can start with a 14-day free trial and go ahead with one of the plans below:
Is Bitsgap legit?
All of your assets are kept safe in the wallet of your crypto exchange. It is so because the bot connects your trading platform to Bitsgap via API keys and does not have the right to make a withdrawal on your behalf. Furthermore, the platform suggests using 2FA, and if you make too many incorrect login attempts, your account will be locked.
Bitsgap: Pros and Cons
|Bitsgap offers a unique Binance futures trading bot.||The trading bots at Bitsgap have limited functionality.|
|The platform also offers crypto signals to its users.||There are no official Android or iOS Bitsgap apps.|
|You can backtest your trading strategy and bots.|
|The Grid and DCA strategies can optimize your returns.|
CryptoHopper: 2nd Trading Bot For Binance
What is CryptoHopper?
CryptoHopper is an all-in-one trading platform that provides services such as trading bots, exchange arbitrage, copy trading, backtesting, strategy designer, etc. In addition, the platform offers different kinds of trading bots, including one for crypto signals Telegram channels. The most crucial feature of CryptoHopper is its MarketPlace.
To learn more, read the CryptoHopper review.
Market Making bot
CryptoHopper is one of the few market-making bots available. This bot helps market makers take a return from the difference between ask and bit, called the spread. In addition, they buy and sell the assets immediately to take a return. However, the CryptoHopper market-making bot works using different strategies with different market trends. To learn more, watch the video below:
There are many arbitrage trading bots in the market. However, the CryptoHopper arbitrage bot takes returns from the price difference of an asset between two exchanges. Furthermore, it searches for price discrepancies of an asset on a single exchange. To learn more, refer to the crypto arbitrage guide.
The strategy designer at CryptoHopper allows you to develop your trading strategy using various technical indicators. You can do so by selecting the indicators on CryptoHopper and matching them with your TradingView settings. And when you’re finally done, you can backtest your trading strategy. Moreover, on successful results, you can run a trading bot based on your trading strategy. To learn more, watch the below video.
Paper trading mode
Paper trading mode or the backtesting mode helps you test your trading strategies and bots before investing any real money. It is highly advisable that traders should not invest their money on an unfamiliar platform. For instance, with CryptoHopper paper trading, you deposit fake funds in your account and trade using them until you’re ready to invest real money.
CryptoHopper Signals Telegram bot
CryptoHopper Telegram bot is comparable to chatbots. In addition, they assist you in automating your trading and allow you to follow crypto signals with a single click. Except for your crypto exchange API keys, these bots operate via Telegram and don’t need third-party apps.
To learn more read, CryptoHopper Signals Telegram Bot.
The MarketPlace is heaven for beginners investing in crypto. Moreover, it provides templates, trading strategies, crypto signals, and apps. You can choose from a range of service providers at the CryptoHopper marketplace. However, the services at MarketPlace are usually provided by third-party service providers.
To learn more, read the CryptoHopper review.
CryptoHopper primarily comes in four different subscription plans, as shown below. You can start with the Explorer plan and get a free trial. Moreover, you can also choose an annual membership and get a discount on the monthly charges.
Is CryptoHopper safe?
The platform has been up and operating for more than three years with no serious issues that have caused customers to lose money. In addition, CryptoHopper uses API keys and hence does not has permission to process withdrawals from your trading exchange.
Please be aware that using automated bots like Hoppers to trade is dangerous in extreme market conditions. Therefore don’t risk more than you could ever stand to lose.
CryptoHopper: Pros and Cons
|CryptoHopper MarketPlace provides trading strategies, crypto signals, templates, and apps.||The platform does not provide any phone numbers for customer support.|
|You can use the Pioneer version for free.|
|The CryptoHopper Telegram crypto signal bots help you automate your trading signals.|
|CryptoHopper market maker bots help you take the spread more efficiently.|
|The platform has one of the best user interfaces.|
Quadency: 3rd Binance Trading Bot
What is Quadency?
Quadency helps you automate your crypto trading strategy by supporting 15+ trading strategies and more than 35 crypto exchanges. Quadency also provides portfolio analysis, advanced charting options, market research from industry experts. To learn more read, the Quadency review.
Quadency also offers its Pro version for FREE if you use one of its official exchange partners to trade. To learn more, you can visit Quadency.
Grid Trading Bot
The Grid trading bot by Quadency follows the Grid strategy by placing buying and selling orders in a specified Grid. As the prices move up or down, the orders get fulfilled, and the bot places new orders accordingly.
To try different types of grid trading bots, read the 3 best Grid trading bots.
Market Maker bot
This bot follows the Market making strategy by automatically placing two limit orders, one buy, and the other sell. The basic principle is to buy low and sell high, and once both the orders are executed or the stop-loss is hit, the bot creates two new limit orders.
The Portfolio Rebalancer helps you diversify your portfolio by dividing your funds proportionately. Therefore, whenever the price of a particular asset moves, the bot automatically liquidates and buys the assets based on your portfolio allocation. To learn more, read the Rebalancing strategy for your crypto portfolio.
You can also connect your TradingView account with Quadency using Webhooks. As a result, you may put your unique strategy into action by creating alert conditions depending on the signals in your TradingView account.
Quadency provides its services in three plans, Free, Pro, and Unlimited. You get a 20% discount on getting an annual subscription. You can also get the Pro version for free by using a Quadency partnered exchange. Additionally, you can find the details of each plan below:
Is Quadency Legit?
Quadency is a trusted New York City-based crypto trading bots provider. Moreover, Quadency uses API keys to connect your trading platform with the bots. The platform also provides you 2FA.
Quadency: Pros and Cons
|The Quadency trading bots are easy to configure.||The platform does not offer a mobile app.|
|Quadency offers professional-grade trading bots.||You cannot use the bots on leverage trading.|
|You get a rich library of trading strategies.|
|The platform offers one of the best user interfaces in the market.|
CryptoHero: 4rth Trading Bot for Binance
What is CryptoHero?
CryptoHero uses AI to provide crypto trading bots. Furthermore, you can easily sign-up to CryptoHero and try paper trading mode before investing any real money. The platform also allows you to customize a bot in many options such as long/ short strategy, funds allocation, etc. Moreover, you can specify entry conditions that include technical indicators and exit conditions, which include take profits, stop loss, and indicator triggers.
AI optimized bots
All the trading bots at CryptoHero use technical indicators and pre-specified conditions to enter and exit markets. Additionally, the bots use AI to automatically enter the market when all the specified conditions are met. And finally, exit when either of the conditions is achieved.
Top bots on Dashboard
This section on the Dashboard gives you a list of best performing bots during the selected duration. You can simply hit the bot icon and copy all the settings to create the bot of a particular market.
Suppose you don’t wish to take a subscription plan before trying out the platform. In that case, you can simply sign-up to CryptoHero and then use the backtesting feature. As the backtesting allows you to run your bot and execute your strategy without putting any real money in your trades.
CryptoHero Referral Program
You can participate in the CryptoHero referral program by signing up through your email and getting your unique links. However, as per users’ demands, the referral program at CryptoHero is being modified. The new revamped referral program will be up by July 2021.
CryptoHero offers three plans to its users, and one of them is for free. Furthermore, you get two months free if you go for an annual subscription. You can check the perks of subscription plans at CryptoHero below:
Is CryptoHero safe?
CryptoHero supports over ten trading platforms, including Gate.io, Coinbase Pro, Kucoin, Binance, etc. CryptoHero connects the trading bots to these platforms using API keys. Hence the bots can only place orders on your behalf and cannot process withdrawals.
CryptoHero: Pros and Cons
|You can customize the trading bots based on various technical indicators.||There is a limit of 5 connected exchanges even with the Professional plan.|
|You can use the free version of CryptoHero to try out the bots.||You can only use a maximum of 40 active trading bots.|
|CryptoHero is coming out with its new and more fascinating referral program soon.|
|The bots are AI optimized, and you can use backtesting to run them before investing.|
HaasOnline: 5th Best Binance Trading Bot
What is HassOnline?
HaasOnline is one of the oldest crypto trading bots providers. The platform allows you to create a trading bot based on your trading strategy easily. You can even backtest your trading bots and invest any real money only when you’re sure of the returns made by the bot.
To learn more, read the HaasOnline review. You can also use the coupon “COINCODECAP” to get a 10% discount on HaasOnline.
The HaasOnline TradeServer is particularly designed for experienced traders shifting from traditional markets such as Forex to the cryptocurrency market. The TradeServer is locally hosted and allows you to connect more than twenty trading platforms with HaasOnline. You can also use one of the pre-built trading bots by HaasOnline.
HaasOnline Cloud Management
The highly anticipated feature of HaasOnline Cloud will be live as of June 2021. HaasOnline Cloud will let you skip the worries of installing new software updates, follow signals from various third-party providers, enable copy trading of authorized traders, and trade on any device. Since it is not yet in the market, you can join the waitlist for HaasOnline Cloud Management.
HaasOnline allows you to create your trading bots. Therefore the platform came up with its crypto scripting language called the HaasScript that supports more than 600 commands. It will enable you to code your trading bots, create and interpret signals, etc.
The platform allows you to test your trading strategy using high-quality historical or real-time data before investing any real money through backtesting. You can use the HaasOnline backtesting feature to prevent unnecessary losses.
HaasOnline provides three different subscription plans, Beginner, Simple, and Advanced. In addition, you can choose from the 3-month, bi-annual, and annual plan durations. However, you’ll have to pay the subscription charges in BTC, and you also get a discount on the yearly subscription plan. To learn more about features, refer to HaasOnline or the image below:
Is HaasOnline Safe?
HaasOnline is one of the oldest trading bot providers located in Rotterdam. Its platform is a product of the experience of Quintus de Haas, Josh Becker, and Rustim Rhoda. Most importantly, they know what they are doing, i.e., providing the safest trading bot software. With the launch of HaasOnline Cloud Management, the platform will turn out to be extra secure and efficient.
HaasOnline: Pros and Cons
|You can use as many trading strategies as you wish.||It can be overwhelming for beginners.|
|The software offers very high performance as compared to other trading bot providers.||The platform does not offer you a free trial; however, you can use the demo mode. For more information, click here.|
|The platform’s primary concern is your privacy and security.||The platform is inclined towards traders with high technical knowledge. However, this might change with the launch of HaasOnline Cloud.|
|They charge the fees in BTC.|
How to program a Binance trading bot?
To program a Binance trading bot, you need to connect your Binance account with the trading bot you wish to use. Furthermore, you’ll be able to do so using the API keys of your Binance account. You can head over to the API management from the user section and then create a new API by completing 2FA. Then paste the API keys to your trading bot provider, and you’re all set to automate your trades.
However, suppose you wish to escape from this hustle and use a Free Binance trading bot, head over to Pionex. In that case, the platform offers you free trading bots, and you do not need to use API keys to connect your Binance account.
What are the Binance API trading bots rules?
Binance offers a set of quantitative rules for Futures API trading. You can observe these rules in the table below. However, on breaking any of these rules, you can be restricted from adding to your positions or even opening new asset positions violating the rules.
|Indicator||Recording Threshold||Ban Threshold|
|Unfilled Ratio (UFR)||All orders count within the cycle >= 10000||UFR >= 0.99|
|GTC Cancel Ratio (GCR)||GTC orders count within the cycle >= 5000||GCR >= 0.99|
|IOC & FOK Expire Ratio (IFER)||FOK & IOC orders count within the cycle >= 5000||IFER >= 0.99|
|Dust Ratio (DR)||All orders count within the cycle >= 10000||DR>=0.9|
|Ban Count (BC)||–||Ban count within 24 hours >=10|
The present system utilizes a retrospective calculation of the ten-minute indicator cycle to ban specific orders above a certain threshold. To learn about the Indicator definitions, head over to Binance Support.
Trading bot support Binance
If you’re facing any problems with your trading bot, first contact your bot provider and clarify all the details with them. However, if things are okay on their side, then you can head over to the Binance FAQ section to find the source of your problems. Furthermore, if you still aren’t satisfied, you can head over to Binance chat and submit a request.
Binance Trading Bots: Conclusion
In conclusion, almost all the Binance trading bots providers in this article are famous for one thing or another. Firstly, Bitsgap has a specific Bitsgap Binance futures trading bot, which opens and closes hundreds of positions every day. Secondly, CryptoHero offers AI-optimized bots that use pre-specified conditions to enter and exit markets.
Thirdly, Quadency offers various trading bots such as Grid trading bot, market maker bot, TradingView bot, etc. The primary attraction of CryptoHopper is its MarketPlace which offers multiple trading strategies, crypto signals, etc. And finally, HaasOnline is one of the most technically advanced crypto trading bots. With the launch of HaasOnlince Cloud management, it aims to be beginner-friendly.
Frequently Asked Questions
An open-source Binance trading bot allows you to automate your crypto trading freely. Furthermore, you can find many open-source trading bots projects such as Freqtrade on Github.
You can also sign-up for Pionex, a platform that offers FREE Binance trading bots. Furthermore, to begin trading at Pionex, all you have to do is deposit funds in your Pionex account.
For testing HaasBot trading bots and other elements of their software, HaasOnline provides freely hosted HTS versions. These would be public servers, and there may be a lot of traffic, so do not utilize personal information.
Demo Server #1
Demo Server #2 (SSL)
You can code your Binance crypto trading bot using HaasOnline. The platform allows you to create trading bots from scratch using HaasScript. Furthermore, you can head over to Pionex, choose one of their pre-existing bots, and customize it according to your trading strategy.
Presently there is no android or iOS Bitsgap app; however, it offers a completely dynamic website that you can see on mobile browsers.
You can use the Quadency Grid trading bot to purchase and sell assets in a particular range simply. Alternatively, you can use a single Quadency interface to trade on several markets.