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|
|Mudrex||2018||$16 per month||Yes||India Based|
|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, 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.
1st Best Crypto Trading Bots in India: Pionex
Pionex is a popular Cryptocurrency Exchange with inbuilt trading bots is that allows 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.
- 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.
- 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.
- 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
|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.|
2nd Best Crypto Trading Bots in India: Tickeron
Another interactive cryptocurrency platform is Tickeron which uses A.I. algorithmic tools to enhance your trading and investments performance. Although it may seem overwhelming to its new users, if you take time to explore it, the depth of the amenities is good. It has 27 trading bots.
- Its feature, AI-powered stock screener with which users can scan and customize pattern recognition. It is essentially a command center for all available information about a trade or investment. It helps you find the perfect trading ideas and strategies.
- Moreover, it helps you formulate the best trading portfolio with A.I. Investment ideas by asking you a series of questions. You can create a custom portfolio using the organizer to save individual stocks and simplify monitoring trends.
- Not only it educates the traders at all levels to build their knowledge, but it also alerts the traders when to buy and sell on your specified criteria.
- Further, it helps the traders set up a network and form an interactive community of other users and experts for advice and discussion.
- A fee is charged to the user, allowing them to access the information provided by experts and advisors and form an interactive MALL (Marketplace).
- The Premium version can find high potential trade opportunities and automatically detect the trends using relevant data and indicators if you have the Premium version.
- Tickeron has two types of paid services. They charge you for the memberships to the actual Tickeron site tools with additional add-on products for those memberships. The Marketplace has separately paid services offered through third-party vendors.
- Tickeron provides four types of membership services. The amount of fee charged varies with every level.
- The features of Optional Pattern Search Engine and A.I. Trend prediction services are accessible for a free 14-day trial for $20 per month.
Is Tickeron Safe?
When it comes to trading and investing, reliability is the most significant. Tickeron has taken a good amount of measures to make its platform reliable. They implemented measures to secure identifiable information from loss or unauthorized access, use, alteration, and disclosure. Further, they review their security procedures periodically to consider appropriate new technologies and updated data security techniques and systems. However, no security measure can guarantee that there will be no breach.
Pros and Cons
|it educates the traders at all levels to build their knowledge||There is a highly commercialized feel to the service|
|The screener feature allows you to use the scanner and customize pattern recognition.||Though the community is growing, it’s still relatively small.|
|The features of Optional Pattern Search Engine and AI Trend prediction services are available for a free 14-day trial||A fee is charged to access the information provided by experts and advisors and form an interactive MALL.|
|It helps you formulate a trading portfolio with Artificial Intelligence Investment ideas||The site may seem overwhelming to beginners|
3rd Best Crypto Trading Bots in India: 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.
- 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.
- 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.
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
|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|
4th Best Crypto Trading Bots in India: Mudrex
Established in 2018, Mudrex is another trading bot platform. Traders build trading algorithms using the Mudrex algorithmic trading platform. Thus, Mudrex helps everyday investors smartly invest in crypto in an automated way. To learn more, read Mudrex Invest — An easy way to invest in a crypto.
- Mudrex provides you a curated marketplace of top algorithms created by the best traders. These algorithms are entirely automated and built to work over market cycles. They are made to reduce risk and provide steady, consistent returns and a high-yield passive income portfolio.
- Further, with the Coin Sets feature, you can invest in an idea using cryptocurrency tokens designed by experts, which diversifies and protects you from the inconsistency of a single token.
- You can buy from a list of more than 1500 cryptocurrencies using credit cards, debit cards, and bank transfers.
- Furthermore, you can schedule a webinar anytime, which can guide you with using Mudrex. They have a separate tab dedicated to blogs and articles so that they can educate the community.
- Lastly, the Mudrex referral program nudges its users to refer others to join their platform and unlock more benefits for referrers and referred users.
Also, read Mudrex Strategy Builder Review
Mudrex offers two plans to its users – The Free plan and The Premium plan.
- With the free version, the users have access to strategies, exchanges, indicators, email and Discord support, and up to 100 backtests for one week.
- To access the premium version, a fee of $16 per month is charged, which provides strategies, indicators, and unlimited backtests. Support for this package offers live, email, and Discord.
- Mudrex stores all the essential information using bank-level AES-256 encryption.
- All API traffic is secured through SSL and uses TLS 1.2 to stop third parties from eavesdropping on your connection.
- Moreover, all strategies are encrypted and stored in the database so that no one, even the employees, has access to them directly. The strategy itself is shared and stored in three pieces and stored in 3 different encrypted databases.
- Your account is made secure to use by two-factor authentication.
Pros and Cons
|API key-based investing||The UI is sometimes slow.|
|fast backtesting and live trading||No mobile application yet.|
|It charges comparatively low fees||Limited features on its mobile website.|
|It is an intuitive and easy to use website||No ability to add custom indicators yet.|
5th Best Crypto Trading Bots in India: 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.
- 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.
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.
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
|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.