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11 months ago5 Best Cryptocurrency Trading Bots to Use on Binance Exchange.
Before there was crypto, people had been trading in foreign exchange and stock markets ever since the beginning of time (or the introduction of fiat currencies, to be precise). Although the folks who had mastered all the ropes of investment trading acquired obscene amounts of profits, the inception of Bitcoin and other cryptocurrencies introduced a whole new realm for the enthusiastic traders.
In case you are just starting in crypto trading, you should know that there are two strategies you can use. You can either trade manually on an exchange if you are equipped with the necessary trading skills or solicit one of the top crypto trading bots in the market.
That’s right! There are trading bots you can use to help you keep track of this highly volatile market to your advantage. These bots give you control of crypto trading and, in turn, help you counter the volatility of the market.
So, What Exactly are these Trading Bots?
In layman’s, a crypto trading bot is an application that interacts with cryptocurrency exchanges via numerous APIs to obtain and interpret relevant data. Then places buy/sell orders on behalf of traders depending on the analysis of the market statistics.
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A crypto trading bot will essentially examine market actions, including volume, orders, price, and time, but they can normally be programmed to fit individual portfolio management preferences.
Many trading bots have been developed with different algorithms, some built explicitly for the Binance exchange, while some are made to suit the entire market, with different strategies.
This extract will look at some of the famous and publicly-available bots you can use to trade on Binance in 2020.
1. Shrimpy.
Shrimpy is the most straightforward yet powerful cryptocurrency portfolio management application currently working with hokker binance app te brûken Exchange.
Unlike other trading bots, Shrimpy emphasizes the rebalancing method massively, where users can quickly expand their portfolio as they can automatically buy low and sell high.
The bot also allows you to automate your crypto portfolio in under 5 minutes by signing up, plugging in exchange API keys, selecting assets, and entering a rebalance period.
Performance tracking on the platform allows you to track all your digital assets’ portfolio performance in one place with the software’s unified dashboard.
Moreover, Shrimpy provides its own APIs where developers can integrate trading features into their own applications. Instead of developers managing their own infrastructure, they can allow their users to directly communicate with Shrimpy to access exchange accounts, execute trades, and collect data. This frees up development resources and allows builders to concentrate on their core product offerings.
As the number of exchanges increases, so is the difficulty with maintaining these exchanges. Using the Shrimpy APIs doesn’t require any maintenance, as the Shrimpy team handles exchange integration and examen binance seedly important updates.
How Shrimpy Works.
Shrimpy works by observing a trader’s set crypto allocations and rebalancing them over time, so the percentage of all budgets stay consistently spread across the portfolio.
When the value of a specific crypto asset goes up, the bot proceeds to take the profit gained with that coin and puts them into a coin that has gone down.
Once the lagging coin finally catches up, the lower performing coin returns are then put into a new lagging coin, and the whole process is repeated automatically.
2. Haasbot.
Haasbot is arguably the most advanced automated trading software solutions currently available than others, doing much of the work with relatively minimal input required from the user.
The trading bot software is well fitted with various indicators covering close to 50 diverse indicators and custom bots. The software is also designed to accommodate less-experienced traders’ needs, thus enabling a more comprehensive customer range to make a profit.
The software offers Multiple Exchange Support, which utilizes multiple exchanges to allow HaasBots to keep BTC trades going even when your leading exchange goes down.
It also has Granular Control of your HaasBot, which allows users to configure a Bitcoin HaasBot to buy with one indicator, sell with a different indicator, make sure trades cover fees, and protect your investment from market crashes.
Moreover, the bot allows users to conduct technical analysis, execute manual trades, and watch multiple markets, all from our market view.
HaasBots aren’t only for bitcoin; they can trade any crypto altcoin pair that Binance or other authorized exchanges support.
In short, the platform offers automated trading that allows you to trade 24 hours a day, seven days a week, and me kudi 365 days a year when you automate your crypto trading strategy with HaasBots.
3. Margin.
Margin [Margin.de] is easy to use an algorithmic trading tool built with a robust trading terminal that supports Binance Exchange.
The bot currently supports binance cryptocurrency exchange and a host of other top exchanges such as Bitstamp, Poloniex, BitFinex, and OKcoin, with further additions already in the pipeline.
The software implements two automated trading strategies to help traders maximize profitability from their crypto trading.
Firstly, you can take advantage of the Margin Maker feature that lets you quickly adapt to the cryptocurrency market’s ever-changing course, allowing you to set all the desired parameters via quick drag-and-drop in the graph.
Secondly, the Ping Pong trading strategy allows you to set rigid numbers as you buy/sell prices, leaving the software to do its work from there.
The possible earnings will be instantly displayed on a graph, excluding any applicable exchange fees.
4. 3Commas.
The automatic crypto trading platform integrates numerous exchanges, including binance cryptocurrency exchange, Binance US, Binance DEX, Binance Jersey, Bitmex, Bittrex, Ethereum Wallet, Pro Coinbase, Huobi, Huobi US, Kucoin, OKex, and many more.
The automated crypto trading platform features a SmartTrade terminal that allows users to execute orders and trades, set bot-trading and stop-loss/profit positions.
The site is well designed, with a vertical menu on the left to highlight the site’s functions. Everything is clear from whether you want to create a crypto bot, an automatic crypto-trading strategy with classic options like stop loss, take profit, automatic trade, or create a 3commas trading bot.
The trading bot lets users manually fix stop-loss and take-profit targets while including a social trading feature where inexperienced traders can copy the platform’s most successful traders’ actions.
Moreover, users on 3Commas can utilize the interesting ETF-Like crypto portfolio feature, which allows them to build, study, and back-test a cryptocurrency portfolio and pick out the best performing portfolios created by other users.
5. Crypto World Evolution.
The Crypto World Evolution is another critically acclaimed bot. Most trading experts repute it as the most innovative trading software because it provides automated crypto trading capable of refining any trade’s performance by granting users access to the underlying algorithmic structures entrenched in the software.
Crypto World Evolution (CWE) users can access the software from either a web browser, phone, or tablet in virtually all the available operating systems. The software supports the prominent exchange platforms in the crypto world, including the Binance exchange.
Crypto World Evolution Bot encompasses key features such as a securely built trading platform to avoid access to user’s funds and an online crypto trading academy to help enthusiasts and newbies increase their trading skills.

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