If you are aware of the cryptocurrency market in general, you will be aware that there are a number of different strategies you can apply when it comes to your cryptocurrency investments.
Some of these cryptocurrency investment strategies are going to require more experience than others, and then there are some that are going to require that you automate the entire process.
You could do everything manually, but it is ultimately going to take up more time than you probably have to devote to your cryptocurrency investments.
If you are someone who is interested in using grid trading as your cryptocurrency strategy, but you don’t have the time for it, then you definitely need to invest in a crypto grid trading bot.
Let’s review the top crypto grid trading bots in the industry, so that you can make money from your cryptocurrency investments, without having to put too much time and effort into it yourself.
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Top Crypto Grid Trading Bots 2024
1. Pionex
Pionex is quite simply one of our favorite crypto grid trading bots, because they offer their clients five different types of grid trading bots that have been built around their system, and the best thing about this is that they are entirely free for you to use.
They only charge a 0.05% trading fee.
We know it is difficult to wrap your head around the fact that there is a grid trading bot out there that is entirely free for you to use but trust us when we say that this isn’t a joke, and there isn’t a catch.
These guys can help you put your grid trading method on autopilot so that you can easily establish a price range, as well as how many grids you want.
You will also need to select the amount of money that you would prefer to allocate to your trades.
They have two different types of grid trading bots, and the first one is called ‘use AI strategy’.
Obviously, this means that you’re going to make the most of their automated technology to set parameters, and they choose these parameters based on backtesting from the last seven days.
They will preview the recommended profit per grid and price range, so that you can decide ultimately whether you want to go for it or not.
The second grid trading block they offer is the ‘set myself’ grid trading bot, where of course, you get to choose your own parameters, like lower price limit, upper price limit, and how many grids.
If you want to make the most of a grid trading bot that is comprehensive, and offers you a huge range of features, then you definitely need to make the most of these guys.
2. Bitsgap
The next option is again a great option if you’re looking for a grid bot that can help you set things like great exchange, quantity, upper and lower price, and then how much money that you would prefer to put into this trade.
They work out the profit per grid by subtracting the price percentage per grid by percentage of trading fee, for both selling and buying. This means that how much you will need to invest in the beginning is going to depend on the specifications that you have set.
They are going to work out the minimum amount that you need to invest based on your grid quantity.
At the end of the day, we think that these guys are a solid grid trading bot option that is going to take care of your needs, and we also think that their packages are pretty reasonable.
Their basic plan is going to set you back $19 a month, while their professional service is going to set you back $44 a month, and their last service is going to set you back $110 a month.
We think that you’re going to be able to get everything you need out of this grid trading bot.
3. Coinrule
The next bot on our list is yet again a solid contender when it comes to being a grid bot, and they talk about the fact that they are automated makes everything really easy on your end.
They want to put the power back in your hands, meaning that they can help you beat the competition, especially if the competition is advanced and experienced traders that know a lot more than you do about the cryptocurrency investment industry in general.
You’re probably expecting at this point that the best thing about these guys is that you don’t need any prior experience with coding in order to be able to use their crypto grid trading bots, which is why they are considered one of the best options if you are a beginner.
You can either get started with them for free, or you can sign up for one of their paid packages, and they talk about the fact that they work with ten of the most popular exchanges.
They also offer military grade encryption and security, and they can help you create trading rules that are automated around the clock, so that once you have set your preset trading rules, you don’t even have to think about them again.
4. Binance
Binance is a really interesting grid bot, because they are actually a cryptocurrency exchange platform as well, meaning that you can get everything done that you need to under the same roof.
You don’t have to go anywhere else for your cryptocurrency trades, you can get everything done with these guys.
We love that they can help you build up your cryptocurrency portfolio, and we also love that they have really good security measures in place, so that you can really capitalize on your crypto grid trading bots, without having to worry about people infiltrating your assets or not.
Another thing that really stands out to us about this crypto grid trading bot is the fact that they have a mobile version as well, so that you can take your cryptocurrency trades on the go.
5. Kucoin
Kucoin is a super solid grid bot that is also a popular cryptocurrency exchange so again, like some of the other services that we’ve talked about on this list, they can help you with both aspects of cryptocurrency investment.
They have two different crypto grid strategies for you to choose from, their classic grid, which is going to focus on helping you gain profits from the volatility of the market.
Within a specific price range that you set, it is going to buy cheap, and sell high. They also have a futures grid, which is a little bit more advanced than their traditional grid bot.
They are going to employ a buy short and sell high approach. The only downside to this is that they might expose you to liquidation risks, especially if the market is volatile.
This is why this approach is better suited for people who have a lot more experience in the cryptocurrency investment industry.
They also offer a margin grid, where you can leverage your cash, and as a result increase your income.
At the end of the day, everything that they offer their clients is free of charge, so all you need to do to make the most of them is sign up to their platform, and download their app.
Upsides to Making the Most of a Crypto Grid Trading Bot
The first advantage to using a crypto grid trading bot is that it is a trustworthy cryptocurrency trading strategy.
This is because it has been around as a concept for years at this point, and is well tested, well established, and very much a profitable trading approach.
There are a number of examples out there of successful traders implementing this trading strategy for decades, in a number of different marketplaces.
As far as the world of cryptocurrency goes, it has proven itself to be particularly trustworthy, especially considering how volatile the cryptocurrency industry can be.
Another huge advantage to grid trading is that it is really easy to understand because you don’t have to have an advanced understanding of the market.
All you have to do is set up your specifications for your grid trading bot, meaning that you actually don’t have to have any experience in the cryptocurrency trading market.
One of the things we love the most about grid trading is that it is a fundamental trading concept that can be applied to almost any market out there, and there is a really high chance that you are going to make money from it.
As a result, it is one of your safest bets if you are someone that doesn’t really want to have to learn too much about the world of cryptocurrency before you start investing in it.
It is also going to help you manage your level of risk because when you take small profits and take advantage of small fluctuations in the market, you are only risking a small amount.
Why Use Grid Trading?
Making the most of grid trading as a strategy in the world of cryptocurrency can help you make money from the ups and downs of your cryptocurrency coin’s market price.
It has proven to be one of the most effective trading strategies in a market that is ranging sideways.
It has been used in a variety of different trading industries, including fiat, so it definitely isn’t a new approach to trading in general.
As far as a grid trading bot, we will talk about this a little bit further down, but the thing about grid trading is that it is a completely time-consuming process.
With a crypto grid trading bot, you can easily trade around the clock, and you don’t have to be thinking about your trades all the time.
FAQs
What is Grid Trading?
Grid trading lets you buy and sell orders at price intervals that have been predetermined. This range is divided into a multitude of levels that form a grid.
The buy and sell orders are set above and below the current price. As soon as a sell order is executed, you can place a buy order at a level that is below it, and vice versa.
Why Should You Use a Grid Trading Bot?
If you want to use a strategy like grid trading when it comes to investing in cryptocurrency in general, this is going to require you to monitor the market continuously.
This means that you need to be able to take advantage of small fluctuations in the price of the cryptocurrency that you are investing in and buy and sell accordingly.
A crypto trading bot can help you put your strategy on autopilot, because you can set your parameters in the beginning, and then they can implement your crypto grid trading strategy, without you having to be in front of your computer all the time.
As a result, they take the emotion out of it, return a better profit, and reduce the amount of work that you have to do manually.
Final Thoughts
When it comes to being able to use a crypto grid trading bot, you are definitely going to be giving yourself an advantage.
You might be hesitant to automate your cryptocurrency investments in the beginning, but you will soon come to realize that this is the best approach, especially if you want to capitalize on the small fluctuations that occur all the time in the market.
Unless you want to be sitting at your computer all day and all night to make the most of these small fluctuations, you aren’t going to make money from your cryptocurrency trades.
Anybody who wants to make the most of grid trading as their cryptocurrency strategy in general needs to make the most of a crypto grid trading bot, and the good news is that we have a solid list above of crypto grid trading bots that you can definitely take advantage of.
Make sure to have a look at them, experiment with a few, and decide which one is going to be your best bet.
