Crypto trading bots help us automate our crypto trading, and focus on other essential day-to-day activities. Furthermore, in our opinion, Pionex and Mudrex are the best crypto trading bots in India. You might ask why? Well, read the article further to learn more!
Below are the best Crypto Trading Bots in India
| Name | Founded In | Pricing | Beginner Friendly | Visit |
|---|---|---|---|---|
| Pionex | 2019 | Free | Yes | Free Bots |
| 3Commas | 2016 | $22/mo | Yes | Try Now |
| CryptoHero | 2020 | Free | Yes | Visit Now |
| Bitsgap | 2017 | $19 per month | Yes | Free 14 days |
Table of Contents
What are Crypto Trading Bots?
A Cryptocurrency Trading Bot is software that allows you to automate your marketing strategies and investments, increasing efficiency by monitoring changes in the market, and prices and making high-speed decisions. Further, the use of trading bots reduces risks. It makes you superior to manual traders as they carry out orders from your trading and marketing strategy without any manual intervention.
1. Pionex
Pionex is a popular Cryptocurrency Exchange with inbuilt trading bots is that allow you to access 16 unique trading bots for no additional fee. Not only it supports manual trading using crypto-to-crypto conversions, but it also allows you to automate your investing strategy, therefore, eliminating the need for constantly monitoring the market. To know more, read our Pionex Review.
Features
- Firstly, it has the Grid Trading Bot, which automatically buys an asset based on its low price and puts it up for sale when it hits a high price. You can gain profit continuously from the market volatility.
- With the leveraged grid bots, it allows you to access margin to amplify returns. Currently, available leverage levels include 1.2x, 1.5x, 2x, and 3x.
- The trailing sell bot feature was developed to appeal to investors, allowing you to set multiple target prices that increase in value.
- Furthermore, the dollar-cost averaging bots allow the traders to set multiple target prices that subsequently increase value.
- Lastly, the spot future arbitrage bot allows traders to capitalize on differences between the current spot price and the current price in the futures market.
Pricing
- Currently, Pionex charges 0.05% out of the total trade value whether you are a market maker or a taker.
- Moreover, there is no minimum deposit requirement. However, a withdrawal fee is charged that varies by coin, alongside quantity limits. If you provided your KYC details, however, increase the withdrawal limits.
Security
- Pionex platform grants a safe environment for its traders as it is backed by Gaorong Capital, Shunwei Capital, and ZhenFund.
- Further, it has attained the U.S. FinCEN’s MSB (Money Services Business) License. It’s the same license that Binance and other top exchanges have applied for.
Pros and Cons
| PROS | CONS |
|---|---|
| It has a low trading fee that applies to both manual and automated trading. | Your account cannot be funded with fiat currency. |
| This platform is easy to use | No neutral/bidirectional bot is available. |
| Money Services Business (MSB) license by U.S. FinCEN | Fewer grid numbers are available than on other trading platforms. |
| Pionex is reliable in terms of its security. | A withdrawal fee is charged, but with KYC details, the withdrawal limit increases. |
2. 3Commas
3Commas is a crypto trading bot provider that is simple and easy to use. The platform is dedicated and aims to reduce risks and maximize the profit of the traders.
3Commas has a system and algorithm that is transparent and straightforward. In addition, the platform offers various exciting features and ready-to-use strategies to its users. To know more read out 3Commas Review.
Features
- 3commas has SmartTrade combined with TradingView indicators to trade efficiently just by connecting API.
- It accepts Credit cards, PayPal, and bitcoin as payment methods.
- It deploys 2FA for security and does not hold your funds on its platform. Therefore it doesn’t have the right to withdraw or manipulate your funds.
- You can customize your 3commas bot which is susceptible to TradingView signals to receive notifications.
- You can go through the academy and learn about setting up a 3commas bot.
- For trial purposes, it provides a 3-day full access trial period.
- It has a dynamic trading terminal, an interface that allows the management of multiple exchanges.
- The bot services differ by platform. Check the limitations here.
3Commas Pricing
Is 3Commas safe?
Yes, the platform is safe to use. The fact that it has so many features makes it convenient for all kinds of users to pick them. In addition, the platform offers detailed information regarding its refund policies.
Pros and Cons
| Pros | Cons |
|---|---|
| The platform offers multiple features and bots. | The informative content is less. |
| The fee structure shown is quite affordable. | Traders are lured into purchasing the pro version of the platform. |
| App facility is available. | |
| Easy payment methods are available. | |
| They offer free 3-day access. |
3. CryptoHero
CryptoHero is a cloud-based multi-platform crypto trading bot operated through a web browser interface powered by A.I. technology and proprietary algorithms. This platform is an automated tool designed to be intuitive and straightforward.
Features
- This platform supports multiple cryptocurrency exchanges. It allows your bots and trades to run parallel across various exchanges.
- Further, it has Aggregated Portfolios which monitor the market on how your bots and trades are performing. CryptoHero makes the bot setup process simple.
- This particular platform offers backtesting to know the setting of the bot is working for the user. Backtesting gives an indicative performance of your bot.
- Some strategies are employed in the paper trade. Bots can be applied live on Paper exchange to test the bot’s performance in real life. 100% risk-free.
- It offers high potential trading terminals, Setup bots for automated trades, or executing trades manually using the Trading Terminal.
Pricing
- CryptoHero has a free plan that comes without any costs to its packages, but along with it, there are multiple restrictions in the Free package as compared to the paid plan.
- The charge of the Premium plan is $13.99 per month or $139.99 annually, which offers 15 bots and 3 API connections along with the other services provided by the Basic plan.
Security
CryptoHero has made its platform reliable. Along with basic security mechanisms that include hosting the program on a secure protocol (HTTPS), it also provides application programming interface (API) keys. Additionally, giving CryptoHero backend access to your accounts ensures that you don’t have to compromise your password while also using CryptoHero’s trading bot.
Pros and Cons
| PROS | CONS |
|---|---|
| This platform has multiple trading strategies | CryptoHero doesn’t seem to boast of multi-factor authentication (MFA) |
| It allows trading terminal with spot and margin options | The Free plan has some restrictions than the premium version |
| The Premium version provides more benefits than the basic version. | This platform depends on the corresponding exchanges to verify the user’s account during the bot setup phase. |
| It provides several active bots |
4. Bitsgap
As its website claims, Bitsgap is an all-in-one trading bot provider for bitcoin and other Cryptocurrencies. Presently, Bitsgap is integrated with 30 exchange platforms, including Binance, Bitfinex, etc. as well as it provides more than 10,000 trading pairs. In addition, the platform offers an enhanced and intuitive interface platform for both beginners and expert traders. To know more, read our Bitsgap Review.
Features
- Bitsgap offers automated trading bots, which are preconfigured trading bots that are optimized using machine learning. Some of the strategies used for trading bots are – the Grid Strategy, The Classic Bot Strategy, etc.
- Furthermore, it allows its users to build a live generated portfolio to track their portfolio, earnings, and funds.
- With its Arbitrage feature, traders can expand the price difference between two or more exchanges. Moreover, with its advanced tools, trading on multiple exchanges becomes simplified using a single interface.
- To make the platform more interactive and simplified for its users, they offer a demo account for its users to familiarize themselves with the platform’s features.
Pricing
Bitsgap offers three different subscription plans to its users, all of which come with a 14 day free trial period.
- Firstly, with the basic plan, you need to pay $19 per month, in which you will have access to all the standard features, unlimited exchanges, and only two trading bots.
- Secondly, with the advanced plan of $44 per month, you have access to more trading bots. However, there’s a trading limit of $100000.
- Lastly, there are more trading bots, no trading limit, and other premium features with the Pro plan.
Security
Bitsgap addresses the concern of security by taking the following steps.
- The user’s Bitsgap account is made secure with two-factor authentication.
- The exchange accounts of the customers are linked to Bitsgap using API keys of the exchanges. Moreover, all orders through API are safe using high-end 2048-bit encryption.
Pros and Cons
| PROS | CONS |
|---|---|
| It has a free 14 day trial period with every plan they offer. | It does not have a mobile application. |
| This platform has preconfigured trading bots | Limited trading bot functionalities. |
| It offers a Demo account to the users who might feel overwhelmed by the site. | It still fails to provide a comprehensive overview of how to use the software |
| it allows its users to build a live generated portfolio | Any regulatory bodies do not license Bitsgap |
Conclusion: Best Crypto Trading Bots in India
An essential part of investing in cryptocurrency is investing in the right platform to earn profit and use the various features that the platform can provide you. To determine the best platform to invest you need to choose which platform would suit you the best. Let us know how you liked these selected platforms in the comment section. In our opinion, Pionex allows lets you skip the hassle of API keys and provides the best GRID bot in the market. Further, Mudrex can also be used to copy the bots of experienced traders. Hence, Pionex and Mudrex are the best crypto trading bots in India.
Frequently Asked Questions
Q.1. How does Cryptocurrency trading bot work?
A Crypto Trading Bot is software that allows you to automate your marketing strategies and investments, increasing efficiency by monitoring changes in the market, prices and making high-speed decisions
Q.2. Can crypto trading bots be profitable?
A2. It depends on the strategies and technical indicators that are implied. Different strategies have different effects on the market. Therefore it is advisable to understand them before using any of them.
Q.3. How to select a Crypto Trading Bot Software?
A.3. To select the right Crypto Trading Bot software, you need to know your requirements which include whether Coding skills are required or not, budget, etc.
