Best Crypto Grid Bots
What are Grid Bots Automation programs that buy low and sell high in a specific price range.
How do grid bots work? It will place multiple buy and sell orders on the price range creating a grid of orders based on a fixed price (right in the middle of the grids). Allowing you to profit off small price fluctuations and overall market volatility. It’s a great way to avoid emotional trades and make profits especially in bull and sideways markets. The strategy can still be profitable on bearish markets if you have a firm hand and a plan to allocate funds properly. Check out this video to know more about that! By using these bots, you can not only make profits from volatility, but also take advantage of price increases (or capital gains).
5 Best Grid Bots Best Overall Grid Bot (Bitsgap) Bitsgap is the most expensive on the list, but also the best overall. Their Backtesting functionality is one of the best if not the best of all the bots mentioned. Not just due to its accuracy. Using the “recommended strategies” section saves a ton of time and will present you with very good pairs out of the bat, that you can look into further to optimize your
bots.But also to the fact that you can run the backtest tool for any of your own specific set of settings for a certain pair. Starting grid bots at the right moment, with the best pairs possible, can really impact how much you make in aggregate after a certain term of 30D or 1Y after running multiple bots. It’s an external tool so you will need to connect to your crypto exchange of choice by using APIs keys giving you a lot of control. By using API keys, the bot can only execute the actions you allow it to. In this case trading makes it very safe as long as you trust your exchange!
Low Cost And A Lot Of Bots (Pionex) If you are just starting out with low funds to invest on the bots, then consider using Pionex instead. The only thing you will be paying here are trading fees which are even lower than Binance itself. Another reason and the most important, is that you can use more grids on Pionex than on other bots with lower investment amounts. This is possible because the platform aggregates trading volume from both Binance and Huobi. Two of the biggest crypto exchanges in the world. On the flip side you would need to deposit funds on it just like on any other crypto exchange to start trading or create bots. And if you watched my video about grid bot settings you will understand that it is usually better to run bots with around 100 grids to keep making profits even if there’s less volatility at any given moment! It’s a great unified platform which tries to combine the best aspects of exchanges and trading automation in one platform.
Free Alternative (Bituniverse) Bituniverse is like a child company from pionex which still allows you to run grid bots although with less advanced features. It uses less grids, there are only grid bots and there is no take profit functionality. You can even sign up using the same credentials for both Pionex and Bituniverse if you really wanted to. But bituniverse still uses API keys to connect with your exchange
Simple Exchange Bot (Binance Spot Grid)
Grid bots are no longer limited to external software. If you are a client on certain exchanges some will already have trading bots built in. Binance grid bots are called Binance Spot Grid bots. The core functionalities are all there and the simplicity of opening your exchange and doing everything from there is very convenient. However, you might pay higher fees if you don't hold BNB (Binance Coin) and the backtesting capabilities and bot pairs ranking system is not that great to find the best coins.
Another Exchange Bot (KuCoin) KuCoin is also a great option for exchange trading bots, and they do also have a spot grid bot which doesn’t require enormous amounts of initial investment, but of course you will use less grids on it. They do have a ranking system to see some of the best performing grid bots running on the past few days and a rank to sort coins by volatility just like Pionex. And there are also AI recommended settings you can use. But I don’t generally recommend you blindly follow those as past performance doesn’t always correlate with future performance. Instead try to pick pairs according to price action, patterns you might be spotting in the chart and the risk level it would represent.
What bot should you use (Editor Picks) I recommend Bitsgap due to its backtesting ranking where you easily spot good pairs to run bots. And those pairs might even make you extra profits with price increases. While the other bots on the list are also very good, they lack a bit in the Pair Ranking department. All of them have a list view of coins based on market cap, gainers, losers… But so does Coin Geko and CoinMarketCap which are simple sites where you can list and find coins. And some kind of backtesting function but it is not as accurate, detailed and easy to use on your own bots as it is on Bitsgap! Pionex would be my second recommendation! The mobile app is very well put together, fees are low, you can run more grids with less money and there are a lot of bots. The tradeoff is that you will need to transfer your funds to their platform. If you simply want to run in-house trades and have plenty of funds, I would just stick with the Binance Spot Grid Bot.