Here are the top Crypto trading bots that I personally use. You don't have to be a pro trader and you don't need any trading system. You just need to know what you want to achieve and then choose the bot accordingly.
There are different types of bots . It depends on what you want. The first one is a 'Grid bot ' . In this bot you have a 'Spot grid' where you buy and hold cryptocurrencies with cash. 'Future grid' is where you buy and trade synthetic contracts. These grids are the same thing but the difference is that with futures you can have a bias to go long or short and you can leverage up your trading which is also risky. Spot is less risky.
So what's actually a 'Grid' ? Grid is where the bot buys low and sells high. When a grid is completed, you earn profit from that. This is something we can not do as an individual , we don't have the resources and the speed as a person to input these trades because it's trading the volatility. Volatility is always on the market and the bot is taking the advantage of it . This means the bot buys and sells all day long.
The next bot you need to check is Smart Rebalance bot . Smart rebalance bot is where you need to set up a portfolio that you want to buy and the bot will do the work for you and keeping it within the range that you want. Another bot is DCA (Dollar Cost Averaging )bot . DCA bot is simply when you have an amount of money , let's say $10 000 and you say buy me crypto once a week for the next year. It's simply as that and this is one of the best way to invest in a long term.
Another bot is an arbitrage bot. This bot actually makes money out of the market itself. It is known as a risk-free profit . What is that mean ? It literally says this bot doesn't take a directional bet in the market. The way that this works is you can actually go short in the future market let's say $500 and then you can go long at the spot makert for $500, this means you have a neutral position. Long and short the exact same amount Crypto and if the price goes up or down it doesn't matter because you have exactly the same amount. If the price goes down the short will win and you're losing the spot if the price goes up, you're losing the futures and gaining the spot the exact amount. But because you're short in the future market you're getting that funding so essentially what you're doing is taking your neutral position and just siphoning off the funding rate that longs are paying shorts in the futures market that's why it is known as an 'arbitrage'.
So these are the best and most used bots for Crypto trading and there are 3 platforms that you can apply all of this . First one is Binance https://www.binance.com/en . Binance has all the set ups we got through. The second one is Kucoin 1 Out of 4 Crypto Holders Worldwide Is with KuCoin https://www.kucoin.com/r/rf/rPEP94J . For sure it is one the best platforms that have trading bots. Has almost all of the bots and has a smart app as well. The third platform is Pionex https://www.pionex.com/en-US/ . It's a very good smart app platform. You can also trade manually but the most important of all, it has all the trading bots.
These are all the guides you need in each app.
Kucoin bot: https://youtu.be/-gUU0NpY2bU
Pionex bot: https://youtu.be/KLnW0U3IGmE
Binance bot: https://youtu.be/FLaIOD9uGSg
Hope these tutorials are all helpful, Happy Trading :) .
