Top 15 Binance Trading Bots

A trading bot for Binance is a special automated software that connects via API to the exchange, monitors market conditions, and automatically creates orders to buy or sell cryptocurrencies on behalf of the user. Such systems have been used in traditional financial markets for decades, and have become even more popular in the world of cryptocurrencies, because due to the high volatility of digital coins, it is almost impossible for a human to react to crypto market changes as fast as possible.

What Is a Trading Bot and How Does It Work? 

Trading bots for Binance connect to the user's account on the cryptocurrency exchange and make transactions on his behalf. Various indicators and signals are used in the process. The main goal and idea of automation is to help the user earn by spending a minimum amount of personal time. In addition, there is an opinion that computers trade better than humans because almost all trading consists of mathematics and probabilities. A program provides a level of speed and accuracy that is impossible for humans.

The strategies implemented by Binance trading bots can be simple or complex, up to and including advanced real-time arbitrage on multiple crypto exchanges.. This depends on what algorithms the developers have laid down.

In order to work, the user must provide public and private API-keys, which are generated in the personal account of the Binance crypto exchange. Thus you inform the exchange that the bot has your permission to access the Binance account and make transactions.

APIs are used to give external applications or access data or functions within an exchange. Trading bots use APIs to request market data, information about the amount of funds in the user's account, and execute trades. At any time the user can revoke access by deleting the keys on the exchange.

Ideally, Binance trading bots should generate risk-adjusted profits, providing returns greater than if the funds were simply lying in wait for prices to rise. The cryptocurrency market never closes, unlike classic stock exchanges, which is very stressful for retail investors. Cryptocurrency trading bots are gaining popularity in the cryptocurrency community because of the increased crypto market volatility. There are dozens of different robots available in the industry today in different formats (paid with a license, paid with a percentage of profit, free with open source, etc.).

How to Choose the Trading Bot for Binance - Tips and Basic Criteria

While Binance trading bots can be different, there are certain points that are important for all bots available in the market today. We used the following criteria in our own research as well:

The Best Crypto Trading Bots for Binance

If you're looking for the best Crypto trading bots for Binance, you've come to the right place. In this section, we'll introduce you to the top bots available on the market, and tell you everything you need to know about them. We'll also provide a handy guide on how to choose the right bot for your needs. So, if you're ready to get started, read on!

3Commas

Features:

3Commas is one of the most feature-rich trading bots for Binance and 20+ other platforms. Provides the ability to trade manually with Smart Trade, optimized selling and buying coins in one window. Supports Trading View charts and signals.

Fully automated trading using Trading Bot is also possible. This bot can be simple or compound (for one or more trading pairs). It uses Long and Short algorithms, and has the ability to analyze and copy trading settings of other users.

3Commas does not take commission on income. There are three tariffs with the fixed monthly fee, from $14.5 to $49.5 per month (if you pay at once for a year, otherwise double the price). The most expensive plan has a three-day trial.

RevenueBot

Features:

Revenuebot is a software created for automated trading on crypto platforms. According to the developers, the service is convenient because it does not require much time to monitor the work. RevenueBot supports different strategies and allows simultaneous trading in several trading pairs on different exchanges. It provides detailed statistics on the bot's work cycles, orders, earnings, and referrals.

There is no monthly fee or hidden fees. The service takes 20% of actual profit as payment (charged directly to the balance of the account on the bot site). Until the profit, the use of the robot is completely free. After the first profit, the account balance goes into deficit, and the user is given three days to evaluate the results and test the bot. If everything is to your liking, you can top up your account and continue using the service.

The main features of RevenueBot are the smart grid of orders, identification of only suitable moments for trading, backtests, automatic switching of trading pairs.

Pionex

Pionex is a cryptocurrency exchange - the first one that brought GRID trading bot to their platform. There is no need to connect to other services or exchanges - you can track your trading strategy statistics, create all types of bots, even from the mobile application.

Features:

Since Pionex is not only an automated trading service but also an exchange, the in-browser interface is more complex than some other platforms featured in this article. It’s nothing to be intimidated about - just know that there are more features to discover.

Pionex was the first service with in-built trading bots to get the U.S. MSB (Money Services Business) license by the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN). All clients can have a peace of mind knowing there’s an oversight. Since the exchange was established, it has been operating safely, with no hacks or exploits. Even giants like Binance can’t say the same.

Pionex has no monthly subscription fee. You just need to pay regular trading fees that are some of the lowest when compared to other exchanges, only 0.05%

The Pionex app is highly rated by users, with the iOS version rated 4.8 stars out of 5, while the Android version is rated 4.7 out of 5 stars.

Cryptohopper

Cryptohopper is a data-driven, technologically advanced trading bot. It specializes in different types of crypto trading bots, including market-making bots that recognize market trends and configure different crypto trading strategies per market trend. In other words, you don’t need to go through the hassle of adjusting strategies.

Features:

Cryptohopper specializes in offering more advanced charting tools and trading options. So, inexperienced traders may not find their way around the platform and the bot as easily.

Cryptohopper doesn’t give exchanges permission to withdraw funds. This means even in case of a hack, users’ crypto assets can’t be moved. The website is protected by Cloudflare, and any saved passwords and API keys are encrypted in the database.

When you combine Cryptohopper bot’s overall popularity and reputation, it’s easy to see it as a trustworthy service. Unfortunately, it was recently flooded with bad reviews on TrustPilot. But based on their repetitiveness, it seems to be an orchestrated move by third parties.

Bitsgap

Features:

Self-admittedly, Bitsgap tries to simplify their trading tools to make them easy to use for anyone. Judging from the interface, we can’t say that it’s suitable for complete beginners. The dashboard is a bit more technical - but nothing too overwhelming.

The number of users on Bitsgap is still modest as compared to platforms that provide similar services. Still, the majority of reviews we found online are positive, praising it for consistent profits and excellent customer support.

Shrimpy

Features:

By laying out the features in such an accessible way, Shrimpy makes it easy for complete beginners to pick up this trading bot. There are only a few tabs and a clean, minimal interface. Some traders may find that the dashboard lacks details, but it depends on how involved you want to be.

Shrimpy’s crypto bot is a perfect introduction for new-day traders. Experienced day traders would find it quite different from conventional tools but may still enjoy it. The reputation is solid, with criticism only mentioning the limited technical aspect.

HaasOnline

HaasOnline is advertised as the world’s most advanced Binance trading bot. It allows users to develop, backtest, and deploy high-frequency crypto trade bots and connect them to dozens of exchanges. The three main products are HaasScript, HaasOnline CLoud, and HaasOnline Trade Server.

Features:

If you were looking for something more complex than Shrimpy’s sleek interface, HaasOnline might be just right. The built-in crypto bot has a slight learning curve. But the layout is easy to navigate since each feature is separated by a special tab.

The project is one of the more transparent on the market and has provided a clear outline of how it operates. This instills confidence in prospective users.

Zenbot

Zenbot is a command-line cryptocurrency trading bot using Node.js and MongoDB. It connects to your chosen exchange while you dictate its actions through online natural language and chatbox hosts. One important distinction is that it’s an open-source system.

Features:

Zenbot is an advanced platform, which is probably the right option for investors with experience and has been on the playing field for a long time. Complete beginners may find the command-line interface too difficult.

The topic of security also takes teamwork. Anyone can suggest a security policy or report a vulnerability.

Zignaly

Zignaly is a copy trading bot, which means you can copy expert traders under the profit-sharing model. Aside from copy trading, the bot can work based on your own (or recommended) settings and rules and is fed signals from 46 providers.

Features:

The elements of the navigation trading terminal won’t take much time for newbies to get familiar with. It offers a good toolset, although with some limitations. The main thing is that it offers everything you need to get started.

The funds in the Zignaly Exchange go directly to Binance, and it is under Binance security. And this is where you don’t need to worry at all. Binance meets the internationally recognized ISO/IEC 27001 standard, and they also keep an insurance fund for emergencies, known as SAFU.

Zignaly doesn’t have monthly subscriptions to use the crypto trading bots. The free account will get you unlimited crypto exchange accounts, coin pairs, positions, and priority support.

Trality

Trality is a platform offering creator tools to build your own bot. It targets those who want to make the most of their quantitative skills and code sophisticated trading algorithms. But there are also more relaxed tools if you’re eager to try out something new and simply test out a trading idea.

Features:

To secure our website and optimize loading times, Trality uses the Cloudflare CDN. And the host providers are Amazon Web Services and Google Cloud Services that are known for robust global infrastructure. All other details are available in the Privacy Policy.

Traders will need to know Python to code their algorithms, which is why we can’t say Trality is an easy-to-use trading bot. But if you do have some coding knowledge, you should find the Code Builder nicely structured.

Interestingly, there aren’t many reviews on Trality. But the complete transparency about the team behind this project makes up for it. They come from a range of backgrounds, which you can read about on their website.

Cryptorg

Features:

The Cryptorg service provides services for creating and configuring crypto trading bots. There is a group chat, Telegram notifications and other functions to make trading more convenient. Intelligent strategies based on technical analysis determine successful moments to enter the market. You can run a large number of trading bots (up to 500), not even all trading pairs of the exchange.

Users get a test period of 14 days. After its completion they are charged $15 per month. Other plans cost between $30 and $100 a month and expand the limits on the number of bots, futures bots, and exchange accesses launched. The most expensive plan also has personal tech support.

Stratum Bot

Features:

Stratum Bot is positioned by the developers as a system that makes even the most complex strategies as easy as possible. It is possible to start trading within twenty seconds from the moment of the first launch. The settings are selected in one click using the "Autoset parameters" button.

Binance trading bot costs $13 per month (while the version for YoBit is free). Also paid version expands the number of simultaneous streams up to 20, and opens possibility of using Trailing Profit, averaging, various filters and indicators.

Botee Trade

Features:

Botee Trade is Binance trading bot that runs in a browser or locally. You can run an unlimited number of backtests for free, view detailed analytics and make flexible settings for any situation. Averaging levels will help to protect against substantial losses, and a combination of the backtest and real results in one window will help to optimize your strategy.

You can use the service free of charge for 7 days. Then you need to buy one of the tariffs ($60, $120 or $270 per month). Each tariff plan supports connection to all exchanges and full list of indicators, as well as customized strategies with different indicator combinations.

Apitrade

Features:

Apitrade is a subscription-free trading bot for Binance, whose creators guarantee regular income and minimal risks. Each of thousands of trades can be monitored in real time, including its amount, duration, profitability. One button startup, no long setup. Prompt technical support via Telegram.

Apitrade service earns up to 50% of the profits generated by automatic trades made by the robot. Thus robot service charges payment only after completion of the transaction and profit.

Profit Trailer

Features:

Profit Trailer is one of the most powerful and multifunctional automated trading services. It comes with several buy and sell strategies, including BB, EMA, SMA, DCA, RSI, STOCH, MACD, etc. Intuitive monitoring panel, advanced settings. The averaging function is supported.

Profit Trailer has paid and free versions. Free ones have very limited functionality, but still work. Paid versions cost from 49 euros per month (or 799 euros for life) to 69 euros per month (999 euros for life). Bot control is available from any device, including a browser.

Advantages and disadvantages of using bots

Conclusion

Overall, using Binace bots can be a great way to increase your efficiency on the Binance exchange. However, it is important that you take the time to set them up correctly and study how they work in order to get the most out of them. Don’t forget that there are pros and cons to using bots, so make sure you weigh all of the information before making a decision. Have you tried trading with bots? What has been your experience? Let us know in the comments below!

FAQ

Find out more or solidify the knowledge you already have with these questions.

Is there a Binance trading bot?

Yes, there is a Binance trading bot. This bot can be used to trade crypto on the Binance exchange automatically. The bot is programmed to buy and sell cryptocurrencies based on certain indicators and market conditions. Using a trading bot for Binance can help you make money by trading cryptocurrencies without having to do all the work yourself.

Does Binance allow bot trading?

Yes, Binance does allow bot trading. Bot trading is a type of automated trading that uses software to place trades on behalf of the trader. This can be helpful if the trader is not able to monitor the market constantly or place trades manually. Bot trading can also help to take emotion out of trading decisions, as the trade will be executed automatically once certain conditions are met.

There are a few different Binance bots that can be used for trading on Binance, but generally they all work in a similar way. The bot will be connected to the Binance API and will then place orders on behalf of the trader based on the rules that have been set up.

Are Trading Bot for Binance Legal?

Yes, automated trading is not banned by any government or any crypto exchange. The only thing you need to look up first is whether your chosen broker allows trading apps. But overall, any action that a bot performs on behalf of a trader isn’t seen any differently.

Is Binance crypto trading bots profitable?

Yes. A trading bot can be a great way to make consistent profits from trading cryptocurrencies. By using historical data to make informed decisions, a bot can help you enter and exit trades at the right times for maximum profit.

However, it's important to do your research before choosing a bot, as not all bots are created equal. Make sure to choose a reputable and reliable bot that has been tested and proven to be profitable.

What is the best Binance trading bots?

There are a number of different Binance trading bots on the market, but our pick of the bunch is Haasbot. It's one of the most popular bots and has a wide range of features that makes it perfect for all kinds of traders. Plus, it's easy to use and very affordable.

If you're looking for a trading bot that can help you make more profitable trades, then Haasbot is definitely worth considering.