10 Best Crypto Grid Trading Bots To Trade Crypto
Hi, it’s me Fred here this time I have come up with another interesting topic that is the best crypto grid trading bots to make automated money.
The ever-expanding network of decentralized finance is a fascinating trend to experiment with new generation investing.
However, the crypto markets are infamous for being highly volatile causing unpredictable losses and gains randomly.
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Are Crypto Grid Trading Bots Helpful In Making Passive Income?
The freshness of these markets is responsible for the easy steering of the market value of assets through influence, information, propaganda, or sometimes even memes.
In these high-risk high-return trading platforms, investing money is no less than playing with fire but using these market fluctuations to get a piece of a larger pie is not so difficult with crypto grid trading bots.
What Is Grid Trading?
Buying an asset while the price is low and selling it in a high price market is the most traditional and reliable way of doing a business and grid trading is nothing else.
When markets are moving in waves, the grid trading technique can be an effective tool to cash out the profits on the assets that you bought during the dip.
In the long run, the grid trading strategy has the potential to provide an average gross profit after the large ups and down and enables you to avoid panic trading.
But keeping a constant eye on the market prices is a daunting task and the lengthy processes of transactions can make things worse.
That is where grid trading bots come into the picture.
Why Use Grid Trading?
Grid trading allows you to make an average profit even through long-lasting fluctuations in the market.
Grid trading strategy is an effective strategy that is backed up by solid traditional principle which does not have a record of failing this easily.
Grid trading technique can cash your dips during the peaks and increase your assets during the dips, however knowing the actual value of the commodity while applying grid trading can help you to set a realistic and profitable limit.
What Is Grid Trading Bot?
We are human and to err is our nature. We do not have the time and patience to keep a constant watch over the fluctuating markets to buy and sell at every curve.
That can be a daunting task to imagine but now with the use of automation, we can predetermine the limits which allow us to trigger buying and selling during such market fluctuations.
By setting the buying limit at the low and selling limit at high, we can automate the process of buying at smaller prices and sell them during the hikes to take out our profits on time without worrying about the hassle.
How Do Grid Trading Bots Work?
Grid trading bots work on automation. They allow you to set up pre-defined grids in a particular range.
In each grid, you will be required to place an upper limit and a lower limit, the upper limit will be the limit at which your assets will be sold and at the lower limits defined assets will be bought.
These actions of trading will be automated by the grid bots as per your decided prices.
Benefits Of Using Grid Trade Bots
There are numerous benefits for users on using crypto grid trading bots, among them some important and need to know benefits are mentioned below
✔ Trustworthy Crypto Trading Strategy
Grid trading is not a new trading strategy, It is foundational to all business models and hence considered a time-tested trading technique.
It allows you to make profits when the market is looking unpredictable and you do not know which asset will behave in which way to a particular internal or external happening.
If you know the actual worth of a particular cryptocurrency through market research, it becomes much easier to define your limits.
Tons of successful examples back up the robust reliability of grid trading software in high fluctuating markets.
✔ Improve Risk Management
Being an investor in a highly volatile market such as crypto can increase the risk of losing money many folds irrespective of your market expertise.
The unusual factors affecting the market can diminish your risk management but not anymore.
With the grid trading technique, you can predetermine your risk-taking abilities in the form of your upper and lower limits.
You can also use smart features from the crypto grid trading bots to earn small profits with lower risks and higher profits with higher risks.
✔ Versatility
Learning the use of a grid trading strategy can lead you to a journey of smart financing and investing.
The simple nature of the grid trading strategy of buying when the markets are low and selling when the markets are high is so simple that it works for every possible market scenario.
You can experiment with it in the market of your expertise and then use that experience to cash out the benefits of grid trading techniques in the other markets as well.
The versatile nature of this strategy is second to none and can be a perfect strategy for those who do not have plans to stick to market screens all the time.
✔ Automated Trading
Grid trading software runs on a simple principle to maximize the profits as per the risk-taking abilities of the user.
This makes it easy to automate this algorithm for the grid bot and execute it based on input instructions.
It wears off a constant ticking clock of the market from your head as you’d know that your transactions are happening on their own and that too to raise the green in your portfolios.
It can be configured easily and modified as per your requirements anytime. Grid trading makes an investor’s life a bit easier and a bit more profitable.
10 Best Crypto Grid Trading Bots
Choosing the best crypto grid trading bot is a difficult task. You might end up in big trouble if grid bots are not chosen wisely.
Our team of digital experts has broken down this big task for our readers. After long and thorough research we bring you the 10 best grid trading bots to make some extra money even while sleeping
Coinrule Grid Bot
With an aim of providing a fun, simple, and educational tool that enables the democratization of grid trading, Europe-based Coinrule was founded in 2017.
Executing trading commands for a variety of crypto exchanges that can be connected with the bot through API keys, Coinrule uses the IFTTT model.
It comes with the security features like DDoS-proof and 2-factor authentication and also has strong and reliable customer support.
You can start using Coinrule for free with certain limitations and do not need to pay a fee upfront even before trying the trading bot.
Coinrule can be a great choice as a cloud-based crypto grid trading bot.
Bitsgap Grid Bot
Bitsgasp crypto trading bot works on the principle of grid strategy that allows you to predetermine your grids on the view charts of your trading assets.
It also calculates the amount of money you need to run that grid for a certain time period. Bitgasps also support signals and arbitrage trading.
It calculates the profit on your grid by a simple formula of subtracting the price percentage per grid by trading fee percentage for both buying and selling.
It sells your crypto at the best available prices once the prices hit your determined grids.
Pionex Grid Bot
Backed up by Shunwei Capital and ZhenFund, Pionex is the next entry in our list of 10 best crypto trading bots.
Coming with a power-packed features list Pionex crypto grid trading bot has 5 kinds of grid trading bots integrations namely: Smart Grid Trading Bot, Reverse Grid Bot, Infinity Grid Bot, Leveraged Grid Bot, and Margin Grid Bot.
You can automate your crypto grid trading specifically through features including AI assistance, short features, reverse buying during drops, and manual programming.
Pionex grid trading bot can be an ideal choice for those investors who wants to benefit from arbitrage opportunities in the highly fluctuating crypto markets.
Gate.io Grid Bot
Gate crypto grid trading bot is an integrated bot feature of Gate.io crypto exchange.
It is a US-based exchange that allows you to use the crypto automated bots features without the need of reaching to any third part bot vendor and any additional cost.
Gate.io comes with its own native token named GT is a reliable service provider working in this field since 2013, when the grass was not as green as it is now.
Gate crypto grid bot can be an ideal choice for the existing user of Gate.io, who are willing to automate their trade and do not want to wander in the search of an automation tool.
Binance Grid Bot
Coming from the backyard of the world’s biggest crypto exchange, the Binance grid trading bot comes integrated with the Binance exchange apps.
Most of the Binance users are not aware of this grid trading Binance feature offered by their vendor and it can be a great choice for those who are already using Binance and want to start using a crypto grid trading bot.
You can start using Binance crypto grid trading bots once you are logged into Binance with a futures account, as it is exclusive for futures account only.
It is a reliable grid bot and its interactive user interface earns it a place in our list of 10 best cryptocurrency bots.
KuCoin Grid Bot
Another entry in our list of 10 best crypto grid trading bots is from the house of KuCoin cryptocurrency exchange, with over 6 million bots created worldwide.
KuCoin comes with a variety of grid bots including spot grid, features a grid, smart rebalance, DCA, and infinity grid.
With a global community of bot traders, KuCoin is a popular choice in the segment.
Even though the grid trading bots KuCoin are compatible to use with only a smartphone, Its simple to use design, and the features like autopilot make it a great choice for many crypto grid traders.
Bituniverse Grid Bot
Those grid traders, who are looking for a free crypto grid trading bot to start with, can consider Bituniverse as a robust grid bot.
Bituniverse works with all the crypto exchanges out there in the market and comes with a long list of features to automate your trade and maximize your profits.
It has manual grid settings, margin grid bot, leveraged grid bot, stop loss feature, and autopilot with AI-based grid settings.
It does not store any of your crypto assets and ticks all the boxes of a secure grid trading bot option.
3Commas Grid Bot
3Commas is a platform that serves investors with a smart trading terminal and crypto trading bots.
The user-friendly interface makes it easy for you to connect to the exchange of your choice and easy to automate your trades.
3Commas comes with both manual and AI modes through which you can control your crypto grid trading strategies
3Commas can be an ideal choice for beginners as it comes with paper trading features that allow you to test your strategies without actually investing real money and see whether your strategies are working or not.
All these features of 3Commas make it a strong option and thus gain a respectable place in our list of 10 best crypto trading bots.
Quadency Grid Bot
Allowing you to simplify your digital asset experience Quadency crypto grid trading bot could be a one-stop solution to not only your grid trading automation requirements but also the needs of a reliable trading platform.
Quadency comes with the smart grid features including a number of grids, the distance between grids, and the amount per order that can be configured manually to run short-term and long-term crypto grid trading cycles.
However Quadency is completely free for its users, It does take a share of 10% from the profits you make through the Quadency grid trading bot.
You can also use sophisticated, pre-built grid trading strategies and run your first cycle within minutes.
Cryptohopper Grid Bot
Crypthopper allows you to manually do all the technical analysis and deploy a customized grid trading strategy that complements your risk-taking abilities.
Other than that you can also use automated grid trading bot templates which can yield you a sizeable profit if deployed smartly.
It provides real-time performance reports in a user-friendly and interactive interface. Crypthopper supports EMA, RSI, BB, and other signals.
Crypthopper is one of those grid bots that takes user security seriously and maintains good security protocols.
It can be a perfect crypto grid trading bot if secure protocols and mobile apps supports can be a dealbreaker for you.
Which Is The Best Exchange For Grid Bot Trading Strategy?
Most of the crypto grid trading bots come with a wide range of support for all the popular exchanges in the market using API keys.
Choosing an exchange for your grid trading strategy can be a personal choice however Binance, Coinbase, FTX, Kraken, KuCoin, and Huobi Global are some of the most popular choices in the market.
You can choose your exchange on the basis of your requirements and preference for your crypto grid trading strategy.
Are Trading Bots Legal?
Most of the crypto markets of the world are not regulated by a central authority and many governments from around the globe are yet to accept cryptocurrencies as a legal way of transacting.
In light of these, trading bots are not new to investment strategies. Trading bots are an internationally accepted way of automating trade and are already prevalent in the traditional stock market exchanges.
However, using grid trading bots to conduct wash trading or pump and dump is not the way to go and can lead to a permanent ban from reputed crypto exchanges.
Is There A Course For Learning Crypto Grid Bot Trading Strategy?
It is always a wise decision to learn before starting to invest in a volatile market like that of crypto.
Learning grid bot strategy is not a very lengthy process and you can find a lot of free guides and blog tutorials that will explain in detail the terminology and working methods of grid trading strategies.
If you enjoy watching videos you can reach out to YouTube which is filled with quality experts sharing their year of grid trading experiences and that too for free.
Final Thoughts – Best Crypto Grid Trading Bots
It is already a risk to invest in the fluctuating markets of cryptocurrency and none among the traders and investors wants to scale this headache by implementing manual trading tactics that would need all the time and precision in the world to be executed accurately.
We must assign such daunting tasks to machines and that is why the usage of crypto grid trading bots is on a steep rise for implementing grid trading strategies with pinpoint accuracy and earning considerable profits.
We hope that this handpicked list of the 10 best crypto grid trading bots will help you to make a wise and informed decision while choosing a grid bot that will Increase your grid trading earnings
