15 Best Free Crypto Trading Bots in 2023

Many teams now offer paid and free crypto trading bots. It’s difficult for us crypto traders to pick between these services. In this article, we will go through some of the best crypto trading bots in the industry.

A crypto trading bot is a piece of software that automates your trading techniques. In other words, crypto trading bots execute orders at your crypto exchange depending on your trading strategy without your manual intervention. This mitigates risk and provides you with an advantage over manual traders.

Over 90% of cryptocurrency trading now occurs via these bots. Therefore, if you are not using one of these software, you may find yourself at a significant disadvantage when competing against trading bots.

15 Best Free Crypto Trading Bots in 2023

Getting started with a crypto trading bot, on the other hand, might be complex and overwhelming. As a result, we’ve selected the greatest and most user-friendly trading bots for you. Several of the trading bots listed below are completely free and open-source.

1. RoboFi

RoboFi is a DeFi platform that envisions a marketplace for revolutionary Dao crypto trading bots. With the effective use of blockchain technology, RoboFi seeks to bring consensus between bot creators and users in an ecosystem that encourages mutual financial growth and innovation.

With the support of the DAO principal, RoboFi’s platform offers bot staking, a marketplace for bots, bot governance, and an initial bot offering that ensures mutual advantages. 

Features

1. The program creates a marketplace for bot creators and users.
2. The platform’s different services can only be accessed with the proprietary token.
3. With the Treasury tool, users may exchange their cryptos for tokens, and the tokens can then be used to buy goods and services.
4. Investors can participate in the Liquidity Pool and earn VICS by placing bets.
5. DAO bots can be purchased and listed for sale in the Bot store by creators.
6. There is a bot token exchange where users can purchase and sell tokens.
7. The Earn feature allows users to deposit and earn interest on their crypto assets.

Pros

• Unique characteristics are offered by this DeFi project.
• Individuals can make use of the liquidity mining and staking options available.

Cons

• There are numerous buttons. 
• It is necessary to do some preliminary research, such as reading the user guide, before using.

2. Pionex

Pionex established a cryptocurrency exchange with 18 free trading bots pre-installed. This is a great platform for traders that are new to trading bots. This is because each bot has lengthy tutorials describing how it operates and what it is best utilized for on the exchange.

Features

1. Grid trading bot – The Grid trading bot automatically buys assets at certain “lows” and sells them at predetermined “highs.” Constantly profit from market volatility using this function.
2. Leveraged grid bot – The leveraged grid bot is similar to the regular grid bot, however, it can access margin to improve returns. Now available are 1.2x, 1.5x, 2x, and 3x leverage.
3. Trailing sell bot – With a trailing sale bot, you can set multiple target prices that increase in value over time. When each goal is accomplished, the bot will sell a percentage of your holdings based on your choices. A market reversal reduces the amount of money lost.
4. DCA (dollar-cost averaging) bot – This bot allows you to put up a series of buy orders that are executed at regular intervals. Instead of buying at the price you requested, the bot will buy at the current market price at your chosen intervals.
5. Spot futures arbitrage bot – The spot futures arbitrage bot allows you to profit on differences between the current spot price of a cryptocurrency and its futures market price. This bot promises a “yield of 15-50 percent annualized rate of return with extremely minimal risk” for as little as $50.
6. Martingale bot – This bot buys a DCA and then sells it once to get the profit from the fluctuation.
7. Rebalancing bot – This bot will assist you in holding your coins.

Pros

• Trades can be executed manually, with limit and market orders being offered.
• Trading fees are extremely minimal, averaging only 0.05 percent.
• Available for download are over 120 different cryptocurrencies that are supported by Android and iOS mobile apps
• Live chat and email are the two primary modes of communication with customer care.
• Trading using leverage is possible.
• Tutorials that demonstrate how to utilize each trading bot are available.
• Binance and Huobi have gathered a large amount of liquidity.

Cons

• There is no demo account to use to practice trading first.
• Also Read : Best Crypto Exchanges & Apps

3. Coinrule

Coinrule is a smart crypto trading bot platform that enables you to maintain complete control over your cryptocurrency trading while also battling hedge funds that trade using automated bots.

Features

1. User-Friendly Automated Trading – The cryptocurrency markets are notoriously volatile. A full-time trader must constantly scan the charts for a move that suits their trading strategy. But only a few people who work in other industries can devote that much time to trading.
2. Built-In Trading Strategies – Using a template trading strategy can save time and effort for both rookie and experienced traders. With Coinrule, you may pick from over 150 rules to establish the plan that best meets your needs.
3. Possibilities for Backtesting – Coinrule allows you to backtest a variety of strategies on TradingView. All you have to do is choose the coin, the time frame, and the trading method.
4. Demo Exchange – Coinrule provides a demo platform for its customers to test their trading strategies before implementing them on the live market. Real-time cryptocurrency trading simulator. It allows you to change your rules to improve your revenues.

Pros

• Free daily emails including trading methods are provided.
• They provide novice users with the opportunity to trade at a professional level.
• The interface is easy to use
• Security and encryption on the level of the military.
• Orders are processed in a timely manner. It takes them around 500 milliseconds to reach the market. The condition checks are performed every 40 seconds at a frequency of 40 seconds.

Cons

• In terms of basic and technical indications, they are limited.
• It is a platform that is still in its infancy.
• There is no mobile trading application

4. Bitsgap

Bitsgap enables you to manage all of your cryptocurrency exchange accounts in one location, which simplifies trading across multiple exchanges. They’ve integrated over 20 major cryptocurrency exchanges, including industry titans Binance, Kraken, Bitfinex, Poloniex, and Coinbase Pro.

Features

1. Arbitrage – Trades can be made to maximize the price difference between two or more exchanges by using this strategy.
2. Trading Terminal – Can execute spot and futures trading on different exchanges from a single interface, and you may do it with high-quality tools.
3. Future Trading bots – Bitsgap is one of the few trading platforms that allows you to create futures trading bots, which is a rare and valuable capability.
4. Signals – In order to make the best trading selections, keep an eye out for any market irregularities.
5. Portfolio Tracking – Traders will have access to a live-generated portfolio, which will allow them to keep track of their funds and earnings over time.
6. Automated Trading Bots – Bitsgap offers pre-configured trading bots that have been tuned using machine learning techniques.
7. High security – High security because consumers only use their exchange account API credentials to access to Bitsgap and never make deposits on the platform itself. Bitsgap and its affiliates do not have access to a customer’s funds; they only operate as brokers for them. Bitsgap safeguards all API orders using 2048-bit encryption for added security.
8. Demo Exchange – A display of all the exchange accounts to which the user has connected through API is displayed in the ‘My exchanges’ section of the demo exchange.

Pros:

• It’s simple and quick.
• Trading bots with a simple configuration and pre-configured settings
• Possibilities for arbitrage
• Market signals dashboard – all of the features in one convenient location
• Small budget accounts are eligible for a free package.
• Provides a two-week trial period with no credit card required.

Cons:

• Limited trading bot functionality
• There is no mobile application.

5. Quadency

Quadency is a comprehensive trading platform that caters to all investors. From an intuitive interface, trade on popular centralized exchanges such as Binance and Coinbase Pro. Designed for both novice and advanced traders.

Features

1. Unified Experience – Trade on top-tier exchanges from one, fast and user-friendly interface featuring various order types for every trader.
2. Premium Bot – You get to choose from pre-integrated popular strategies, customize them, and go live in minutes.
3. Backtesting – With these features, you can test your bot configuration with historical data and choose whether to use the settings or adjust them.

Pros

• User-friendly interface.
• It has lots of trading strategies
• Professional trading tools

Cons

• They don’t have a mobile app
• Margin trading is unavailable

6. TradeSanta

TradeSanta is a cryptocurrency trading platform that aims to simplify crypto trading by utilizing customizable bots. This allows users to take advantage of automated trading without having to learn how to create a bot from the start.

Features

1. Trading Bot – Have access to bots with pre-set or customizable strategies for both long and short trading.
2. Terminal – You can place a manual order on multiple exchanges on their all-in-one terminal window.
3. Technical Indicators – You can use several technical Indicators to signal your trading bot on when to enter and when to exit the market.

Pros

• They have a mobile app that has all the features as the web version but in a mobile-friendly interface.
• Easy process of creating a bot with your own custom indicator and parameters.
• Clean and user-friendly dashboard to make adjustments and monitor your portfolio.

Cons

• Free trials only last for three (3) days
• Not advisable for taking advantage of arbitrage opportunities

7. Cryptohopper

The bot handles all connections to the exchange, and its functionality and power vary based on the hopper’s tariff. Connect your exchanges via API and trade with trading bots. You may use Cryptohopper to trade on 15 major exchanges. OKX, EXMO, HitBit, Bitvavo, Huobi, and Bitpanda Pro are certified Cryptohopper partners. In free mode, you can only trade manually, however, you can test the bot for seven days.

Features

1. Automated trading – by setting up and adding more and more strategies, your Trading Bot will become completely autonomous and will be able to work 24/7 in different market situations
2. Mirror trading – allows you to copy trading strategies from TradingView and trade-in copy trading mode. This is a new and unique feature that allows you to copy trades of successful traders.
3. Strategy Designer – To use ready-made indication templates to tailor your strategy. The visual editor lets you change settings without coding skills. You can also test your technique by trading on a historical chart.
4. Trailing and triggers – With a paid subscription, you can trade with a trailing take profit and stop loss. The trading bot will automatically advance the bar to finish the deal, increasing your final take profit, and triggering a stop loss at the first sign of a trend reversal. Automatic cryptocurrency exchange is also possible.

Pros

• Trading on large and highly liquid exchanges using the API.
• The possibility of copy trading and trading on pre-created and tested strategies.

Cons

• The free version only allows manual trading.
• In the trial version – only a starter package with limited functionality is available.

8. 3 Commas

Trading in a bull, bear or sideways market is possible with 3commas. To make money, you use trading tactics or popular service alerts. Professional features are available for 3 days. 3commas’ internal wallet supports 18 exchanges and 45 blockchains. Your portfolio is managed in one system.

Features

1. DCA trading bots and the Dollar Cost Averaging strategy. With this setting, your Crypto Trading Bot will average the average purchase price by buying more assets on strong drawdowns over time and fix the profit automatically.
2. Terminal Smart Trade. 3commas offers a new unique trading terminal that has an API connection to the exchange and has rich functionality and integration with TradingView.
3. Grid Bot for grid trading. Based on AI data, a grid will be set within 7 days and part of your deposit, divided into 2 parts, will work in two directions for buying and selling in automatic mode.
4. Crypto signals. With them, you can execute orders by copying successful traders.  Each trader has statistics available, so you won’t have any problems choosing.
5. 3commas supports 18 major exchanges, including Binance, FTX, OKX, Huobi, Bybit, Kucoin, Gate.io, Bitfinex, and Kraken. Focuses on Binance and is their partner.  When registering using their link, 30-day full access to the resource is available.

Pros

• Rich functionality and a wide choice of major exchanges.
• Apps available for App Store and Google Play
• A free three-day trial period of full functionality.

Cons

• A cursory analysis did not reveal serious and major shortcomings that are worth mentioning, but this does not mean that you will not see them during work.

9. HaasOnline

Only HaasOnline is professional among the platforms I researched for crypto trading bot management. The project employs a proprietary script (HaasScript) to program your trading bot, but C## is also accessible. You can use the visual editor to modify the trading algorithm in numerous ways.

Features

1. Haas Online Cloud – A HaasOnline subscription grants access to HaasOnlineCloud, which hosts all crypto trading bots. All essential trading functionality is cloud-based, allowing access from any location or device.
2. HaasOnlineTradeServer – You can order the installation of a local trading server with full HaasOnline capabilities to ensure utmost confidentiality and security. Your data and API keys will be saved locally.
3. HaasScript – This script is used to manage the site and crypto trading bots. This script’s visual editor supports over 600 commands and is very customizable. No programming knowledge is required.

Pros

• More than 20 highly liquid exchanges are supported, such as Binance, CEX.IO, Bitfinex, Bybit, Kucoin, OKX, Kraken, Huobi, Poloniex, etc.
• It is possible to install a local trading server.
• Very flexible and detailed customization of your trading strategy without special technical knowledge, using a visual editor.

Cons

• The cost of the maximum configuration of the bot is higher than that of competitors (more than $1k+ for a year, more than $400 for 3 months)
• Payment is only available in BTC, paying for a subscription during the bull market will be significantly more expensive.
• No mobile app, everything is managed entirely through the HaasOnline website.

10. Trality

It is a cloud-based cryptocurrency trading automation platform that doubles as a bot development tool and a space for day traders to socialize and share their tactics, ideas, and potentially even code.

Features

1. The Code Editor is one of Traility’s most well-known tools, and it’s easy to see why. As far as we know, this is the world’s first browser-based Python Bot Code Editor.
2. The Rule Builder is another key aspect of Trality. This allows non-programmers to create crypto trading bots using boolean logic using a drag-and-drop interface. Indicators and approaches are ordered within a trading system to establish trading logic. Predefined strategies can be customized in the future.
3. Traders who want to construct their own crypto trading bots can leverage Trality’s historical data backtesting functionality. Users can construct their own scenarios and durations for testing algorithms.
4. Because the backtest history is saved, users can go back to the settings that produce the most profit at any time. It is permissible to use paper trading to test algorithms before using them in live trades.

Pros

• Advantages Tools that are useful for both coders and non-coders.
• The use of end-to-end encryption
• User interface that is simple to use, interactive, and graphic-based
• The entire system is hosted in the cloud.

Cons

• There is currently no mobile application available.
• Although it has the most common trades, it requires more.

11. Shrimpy

Shrimpy.io manages cryptocurrency portfolios. Traders and investors may use the web tool to manage all of their bitcoin assets across exchanges. You only need to sign in once to purchase or sell on several trading pairs and exchanges.

At the macro level, bitcoin holders can use Shrimpy’s portfolio management tool to manage their holdings. To assign percentages to stock changes, click here. The platform itself makes these adjustments. The method is easy and streamlines cryptocurrency management.

Features

1. Backtest Strategies: You can study your trading strategies with their advanced portfolio backtesting
2. Performance Tracking: Whether you are a pro or a novice, Shrimpy.io can help you track your performance, build a portfolio strategy and even help you monitor the market
3. Demo Account: You can create a demo account to see how all their features work like; placing stop losses, rebalance, and even connecting with other investors.

Pros

• They offer a lot of unique features that focuses on portfolio management
• The platform is clean, easy to understand and user-friendly
• Access to copy the trades of successful traders

Cons

• They don’t offer free plans for beginners.
• They don’t have a mobile app

12. Botcrypto

To a newcomer in crypto, Botcrypto is just a bot that trades mainly on crypto assets. There might be more to this, let’s dig straight into this conversation.

Features

1. USERS SECURITY: Botcrypto protects its users from getting into debts or losing their capital on investments and trades especially when the market trends are bad, users get a free risk alert from the botcrypto team.
2. USERS STRATEGY: Botcrypto users are allowed to build, and make use of their own trading strategies.
3. TIMING: Time is of the essence, botcrypto saves time for its users to size and grab all other opportunities in the financial market.

Pros

• Users need no coding skills
• Botcrypto aids in managing emotional trading
• The botcrypto has an amazing users dashboard that is user-friendly.

Cons

• There are zero crypto trading bots on the market for the botcrypto free trial.
• Botcrypto Users interface, some people will say it is not user friendly, and it has a whole lot of stuff and designs patched so closely.
• The inability of the botcrypto to properly explain and create one unique outstanding feature for their product, in order for it to be exceptional.

13. Cryptohero

CryptoHero is a cryptocurrency bot that operates across many platforms and is powered by artificial intelligence technology to maximize its consumers’ returns. Along with crypto enthusiasts, the startup’s team comprises individuals with years of experience working in the financial markets.

Features

1. Support for Multiple Exchanges – CryptoHero allows you to trade on more than 10 different exchanges.
2. You can track all of your cryptocurrency trading results individually or as an aggregation across many exchanges in one place using one app.
3. CryptoHero provides presets for popular technical indications, as well as the ability to combine numerous rules and triggers to act in unison.
4. Quick Backtest: Before deploying bots, make sure they are working properly with historical data. Get an indication of your bot’s performance based on real-world historical information.
5. Risk-free paper trading: Run your bots in real-time to evaluate methods without risking any real cryptocurrency.
6. The Bots Marketplace provides customers with access to tried-and-true bots that are offered by our knowledgeable traders.

Pros

• Subscriptions are available in two levels: basic and premium.
• Several bots are currently in use.
• Artificial Intelligence (AI) optimization
• Several different trading techniques
• Trading terminal provides possibilities for both spot and margin trading
• All platforms are supported, including iOS, Android, and the web.
• Cryptocurrency can be used to make payments.

Cons

• Subscriptions for the web and mobile devices are charged in different ways.
• Basic design for the bot discovery page

14. Wunder Trading

Wunder Trading is a cryptocurrency trading and investment platform that makes investing and trading in cryptocurrencies simple. TradingView enables you to copy trade the world’s most successful cryptocurrency traders with a transparent track record, trade independently using the complex trading interface, or build a fully automated trading bot using the TradingView trading platform.

Features

1. Smart Terminal – You can automate your trading approach by utilizing the smart trade terminal available on your trading platform.
2. Copy Trading – We will need a TradingView account to develop you a bitcoin trading bot. Using this application, you may create strategies, backtest them, and apply them to any cryptocurrency pair and timeframe. After that, you can set up alerts to notify you when your strategy suggests you purchase or sell something.
3. Spread Trading – An asset traded on the same market can be spread. Choose your assets and our intelligent trading terminal will buy one while selling the other.
4. DCA bot – DCA is a traditional investment strategy where the trader buys a piece of an asset after a price fluctuation. Using the DCA approach in trading can help traders in many ways.
5. Crypto Portfolio Tracker – Tool for tracking your cryptocurrency portfolio. Our online trading tools will let you keep track of your portfolio’s dispersion across assets and exchanges.
6. Multiple Account Management – Wunder Trading offers cross-exchange cryptocurrency portfolio management. Traders can add many APIs to their accounts and trade on them all at once. It’s simple to trade on multiple APIs at once.

Pros

• Has cheap trading fees compared to the industry.
• Allows users to trade using automated bots.
• Now allows merchants to accept bitcoin payments.
• Offers a free trading account.

Cons

• Unlike the rest of the platform, some complex functionalities are not simplified.
• Less than $300 worth of value can be traded without verification.
• The payment options are not as diverse as other platforms.
• No mobile app.

Also Read :  What Is Cryptocurrency: A Quick and Simple Overview for the Non-Tech Savvy

15. Botsfolio

Due to basic concerns and analyses impacting the exchange market, the world and the financial market suffer investment and capital losses. For example, during the Russian-Ukrainian conflict, many export and import restrictions were imposed, affecting the financial industry. Because trades and foreign exchanges are not flowing as they should. In a circumstance like this, Bot trading is advised and has been recommended to aid the engagement of emotions while trading or losing funds in a given market.

Features 

1. Knowledgeable startup: It is vital to realize that Botsfolio crypto trading bots do not require any prior expertise or experience to set up and trade profitably. They are all created and encoded by the Botsfolio Tech team for the best type of strategic trading.
2. Risk Management: Botsfolio crypto trading Bot provides its users the best form of trading risk management control system, as users have zero worries about losing their funds or investment in trade, Botsfolio deployed the best form of an intelligent system to serve its users the best trading safety.

Pros

• The Botsfolio crypto trading bots offer an easy setup system process.
• Botsfolio offers users some set questions, this is to aid its users to make the right form of trade investment before investing.

Cons

• The inability of users to monitor their trades is discouraging.
• Botsfolio lacks the technical know-how that enables users to withdraw funds after closing in on a trade.

Do crypto trading bots really work?

While trading bots are effective, it is always your plan that will cause you trouble. The crypto trading bot’s job is to execute the order specified by you. Therefore, if your configuration, also known as your trading strategy, is sound, you will be unstoppable.

Conclusion

That’s all there is to it. These are the top free crypto trading bots that are currently accessible in 2023. Each platform has its own set of features and settings that are tailored to the needs of a specific customer segment. With these crypto trading bots, you just cannot go wrong.

About RoboFi

RoboFi is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.

About VICS

VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exch

Official Link

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