The cryptocurrency market is constantly in flux as prices are subject to change all day long. It is considered a highly volatile market in which to trade.
Unpredictably is one of the aspects of crypto trading that makes it appealing. Because of this, it will take the best crypto scalping bots to be safe and successful.
That unpredictability is also an aspect of the market that results in the need for using trading bots to enjoy safe, satisfying, constant profits.
Otherwise, you are looking at being stuck at your computer for hours and hours. Plus, you must set aside your emotions to trade effectively.
Automated trading bots are designed to offset issues of trading in the cryptocurrency market. Bots are also designed to adhere to their programming. That means that they will follow strict commands within the system.
Crypto trading bots are secure, efficient, and can be quite profitable in the digital currency trading market. These bots can also implement unique strategies such as Scalping, Swing Trading, and Position Trading.
Since this list is focused on crypto scalping bots, we will first discuss what you should know about scalping in the cryptocurrency trading industry.
What is Scalping?
Scalping is the term in crypto trading that refers to a short-term strategy that helps the trader make small and recurrent profits. The goal is to ultimately generate exponential returns by the trading day deadline.
This is a popular trading strategy used in the crypto trading market since this market is so unpredictable, volatile, and moves fast.
The Best Crypto Scalping Bots
Now that you have a better grasp of what scalping is and how it works in the cryptocurrency industry, we will cover the best crypto scalping bots in the industry for your consideration.
1. Pionex – 100% FREE Crypto Scalping Bot
Pionex is easily the best crypto scalping bot in the industry, and the fact that they can help you automatically trade cryptocurrency with 16 FREE inbuilt trading bots says a lot about the transparency and honesty that they have provided their clients from day one.
One of the things that we really like about this crypto scalping bot is you can enter your email address into their system and receive some of their bots for free.
Another thing that you are going to like if you are relatively new to the industry is that they do all of the bot building on their end so that you don’t have to worry about whether you are not that great with the technical side of things or not.
They have a wide range of different bolts for you to choose from, including their grid trading bot, their arbitrage bot, and you can trade with U.S. dollars, which if you have been trading for a little while at this point, is probably how you make your trades everywhere else.
They have tons of information on their website about how to trade safely and with low risk, and we also think they make it super easy to get set up with them.
How Do You Get Started?
To get started with Pionex you will need to sign up through their system, which will include giving them your email address, along with a few other credentials.
From here, you can download their app, which means that you can take them wherever you go on your smart phone and check in on your trades regularly.
Because they are a bot building service, they can also help you with other aspects of bot trades, and they have communities around Twitter, Telegram, and Discord as well.
Another thing that’s worth mentioning is that if you need any help at any point with technical issues or even if you’re just wanting to find out more about how they work, you can talk to their customer support team through live chat box on their home page.
2. Bitsgap
Bitsgap is a cryptocurrency and Bitcoin trading platform with a wide array of features and tools to help you be successful in your crypto trading experience.
The most useful solutions provided on this trading platform include the ability to manage your assets, utilize crypto trading, and watch your real-time performance all on one interface that is easy to use.
One of the main reasons people choose trading bots is to help them better optimize their trades in an ever-fluctuating market.
Another reason is to minimize the risks of trading that come along with such a volatile digital currency market. Bitsgap offers automated algorithms, addressing both of these reasons for using trading bots that help you minimize risks and optimize your trading.
Since we are discussing scalping, you should know that this crypto trading platform is also ideal for crypto scalping and arbitrage purposes.
How does that work?
The multiple order types provided by this platform allow you to have more control of your scalping-related actions.
A few examples include, take profit orders, stop-loss orders, stop-limit orders, shadow orders, and market orders.
It might interest you to know that the bot is designed to auto-adjust for assurances within the buy and sell set range. Therefore, your chances of small profits are guaranteed all day long.
This system also consolidates external signals for monitoring the many fluctuations in this market. You can set alerts that will let you know about even slight price variations.
That is how you will know when to take actions and what actions to take.
If you are a novice trader in the crypto market, you can start out by taking advantage of the demo account offered by Bitsgap.
The demo option gives you the opportunity to learn how this kind of trading works and how you can minimize losses. Bitsgap’s demo account offers some money and access to 5 exchanges.
Bitsgap offers prices starting at $19 per month up to $110 per month among three plans that offer their own unique features.
How Do You Get Started?
As with these types of services, you will start by creating your own user account. You will need your email and a secure password.
Once you start that process, you will receive an email with a confirmation link, which you will need to go to before your account is officially registered.
Now that you have access to your newly registered Bitsgap account, you will configure your exclusive API exchange keys.
This is a vital part of the sign-up process that ensures that you are the only one who can access your account. Once you do that, you can get started scalping.
Of course, you can also make use of as many features and tools that Bitsgap has to offer.
3. Coinrule
Coinrule promotes its company as an automated cryptocurrency trading system for multiple exchanges like Coinbase, Kraken, and Binance. The website states that this service makes automated trading easy.
You can easily set your automated trading rules 24/7/365. You will have access to efficient market indicators, and smart tools that help you properly allocate your funds and get control of your trading.
This system is user-friendly, which in this instance means you do not require knowledge of coding. Although, you will have access to premade templates with ample strategies, which includes scalping.
Coinrule allows you to get started with crypto trading for free. On the website, you will find a slider that shows you how much the plans cost.
The slider range offers Free, Hobbyist, Trader, Pro, and Business plans with various features and strategies unique to its own plan.
When you choose your level of trading, you will see where you choose the amount of funds with which you intend to trade.
As for the pricing, Hobbyist is $29.99 per month, Trader is $59.99 per month, and Pro is $449.99 per month. For the Business plan, you will contact the sales team to meet your crypto trading needs.
How Do You Get Started?
Coinrule has an instructional video for novices in the cryptocurrency trading markets. This video includes information about how to get started using this platform, plus more resources like a free webinar, a knowledge base, and trading strategies.
You will need your name, email, and a secure password. Also, you can enable the recommended 2-factor authentication to make your account access even more secure. As usual, remember to configure your API to protect your digital assets.
Scalping is not the only strategy option available on Coinrule, so you can choose from any of their tools, features, and offerings on the website.
4. Quadency
Quadency is a professional cryptocurrency trading platform designed to help you simplify your trading experience, while providing analytics, bot strategies, unified trading, and portfolio management.
This is second on our list of the best crypto scalping bots.
The goal of this service is to provide you with seamless trades, superior portfolio management, and access to more than 1500 digital assets.
Additionally, this trading platform is easy to use and secure for connecting you to the top cryptocurrency exchanges like Coinbase Pro and Binance.
Scalping happens to be one of the strategies you will find on Quadency. That means you can get started with this strategy quickly.
You will also find several professional premade settings, tools, and features to boost your crypto trades.
To get started using Quadency’s crypto scalping bots, you will click on “Bots” found in the top menu bar. Then you will select your strategy, and finally you can choose from a premade bot or create your own.
Quadency lets you get started for free, though the paid plans are naturally better. Free is limited, but allows the newbie in this industry to learn how it works.
Out of the three plans on this platform, there are two paid ones. You can choose from the Pro plan for $49 per month, or the Unlimited plan for $99 per month.
Like Bitsgap, Quadency also supports multiple exchanges. You can connect to any of their 13 supported exchanges, which include Binance, Coinbase Pro, Kucoin, OKEX, HitBTC, Kraken, and others.
How Do You Get Started?
As you might expect, you must register for an account, which involves providing your name, email, and a secure password.
Remember to configure your API keys to protect your digital assets and to make connecting to exchanges safe and secure. You can also monitor and track your complete portfolio as you are trading on this platform.
You can get started for free with Quadency for a limited time period. While access is limited with the free term, you will learn a lot about how this system works and how to use the scalping tool to your advantage.
5. Haasbot
HaasBot is an advanced crypto and Bitcoin trading bot. It is touted as one of the most advanced automated cryptocurrency trading bots in the industry.
This trading platform is well-rounded enough to be appealing to beginners and veteran traders alike.
The user-friendly interface allows for easy configuration of bots and trading throughout the day. This system is compatible with Linux and Windows operating systems.
This bot is an installation that you can run from our computer, which some traders like better than cloud-based bots.
This trading bot platform offers you access to more than 50 indicators, plus real-time backtesting solutions. You will also enjoy access to 21 safeties and 13 insurances that keep your trades safe.
HassBot supports around 20 of the most popular exchanges like Coinbase Pro, Kraken, Huobi, BitMEX, and Gemini.
As for the scalping strategy, you have access to their scalp trade bot that can initiate and close several small trades over the day.
The idea behind this bot’s programming is to help your profit from each trade to generate steady and stable profit margins.
The settings are all presets, so if you need to customize anything, you can do that via HassBot’s standard bot.
You will also find numerous methods of support via customer service, the FAQ section, and live updates provided on social media outlets like Twitter, Facebook, and Telegram.
If you prefer the conventional support ticket system, you can submit a ticket for reliable and responsive assistance.
The pricing structure for HaasBot offers three plans: Beginner, Simple, and Advanced. Each plan offers 3 months, 6 months, or 12 months licensing types. You will be using Bitcoin for these plans.
Therefore, pricing can range between the 3-month billing plan for the Beginner plan is 0.004 Bitcoin per month to the Advanced plan at 0.026 Bitcoin per month with annual billing.
How Do You Get Started?
Just like anywhere online where you create accounts, you will input your name, a valid email, and a secure password.
You will also need to configure HTS (Haas Trade Server) with your computer. There are several instructional videos to help you with the process for Windows or for Linus OS.
Once you have everything configured, you will have access to navigate around the site and to confirm your assets. From there, you will choose the appropriate bot from the crypto scalping bots made available to you.
HaasBot also has various other strategies, tools, and resources for you to use for your crypto trading success.
6. Cryptohopper
Cryptohopper promotes itself as the “most powerful crypto trading bot’ in the industry. The system does use world-class automated trading bots for a variety of trading options.
It allows you to backtest your trading, simulate trades, and use market arbitrage and market-making strategies.
Since we are focused on scalping strategies, you will find that Cryptohopper offers three unique scalping strategies from which to choose.
Momentum Trend – This scalping strategy merges momentum and trend indicators.
Volatile Trend – The Volatile trend scalper is used to determine in what direction a trend is moving.
Pure Trend – Pure trend is a scalper that follows indicators such as EMA on several timeframes.
You can eliminate human error using these crypto scalping bots, since the programmed algorithms are set and ready to work for you.
Cryptohopper supports more than 75 cryptocurrencies and is compatible with most of the major cryptocurrency exchanges, such as Kucoin and Binance.
Besides the scalping strategies, you can also use the wide array of tools offered by this trading platform. It is feature-rich, which means you can experiment to your heart’s content without risk.
Pricing starts with the Pioneer plan. There are three more paid plans including, the Explorer plan for $19 per month with a free trial, the Adventurer plan for $49 per month, and the Hero plan for $99 per month.
How Do You Get Started?
Once you access the website, you will click on the sign-in icon and input your name, email, and a secure password.
You will get a confirmation email where you will start setting up your account. Again, remember to add your unique API keys to help you safely and securely connect with your exchanges.
What are the Type of Scalping Strategies
When you are choosing a scalping strategy, it is wise to know your options. The following will briefly discuss the types of scalping strategies you can use.
Knowing about these types of scalping strategies will make you a better trader.
- Arbitrage – This is a scalping strategy where the scalper uses the highly volatile market to take advantage of buying and selling. Buying and selling can occur virtually simultaneously, given that the scalper is able to take advantage of even the smallest of pricing changes. You can use either pairing or spatial arbitrage.
- Margin Trading – What is involved with this form of scalping strategy is the use of funds that belong to a third party to maximize returns. Depending on the exchanges you use, you may be able to use to you 100 times your investment for this trading option. This is a risky strategy, but it garners more capital gains.
- Crypto Range Trading – This refers to the identification of the highest and lowest selling prices of cryptocurrencies during a specific period. You can choose short or long positioning, depending on which way will bring the best outcome. Once the most favorable range is determined, you will manually buy your digital assets at the lowest price and ultimately sell at the highest point.
- Price Action – The price action strategy uses market study related to price fluctuations before engaging in buying and selling. It is quite standard.
- Bid-Ask Spread – The difference between the asking and bid price is the idea behind the bid-ask spread scalping strategy. You have two options with this strategy, which are the narrow and ask spread and the wide bid and ask spread.
The Steps to Setting Up a Crypto Scalping Strategy
If you are new to scalping, here are the basic steps for creating this kind of strategy in crypto trading.
- Choose trading assets/pairs
- Find a reliable trading platform
- Use a reputable trading bot
- Be open to experimentation
What are the Pros and Cons of Crypto Scalping?
FAQs
What Is a Crypto Scalping Bot?
A crypto scalping bot is a bot that is going to help you automate the process of crypto scalping, a specific strategy that you might want to try out if you plan on getting to know the world of cryptocurrency a bit better.
Crypto scalping can help you maximise profits off small trades.
Do I Need to Download Software to Use a Crypto Scalping Bot?
This depends on the crypto scalping bot that you have signed up for. There are going to be some crypto scalping bots out there that are going to get you to download their software, so that you can get it up and running on your computer and use it through your desktop.
Others are just going to offer a web version, so you are going to do everything through your web browser.
We think that there are pros and cons to both approaches, and it comes down to what you personally prefer.
Can I Use a Free Crypto Scalping Bot?
If you do a quick Google search, you will soon come to realise that there are quite a few crypto scalping bots out there that say that they can help you free of charge.
This might sound quite promising, but it’s too good to be true.
If they are saying this, it means that they are offering cheap features that lack security, and they aren’t actually going to be as accurate as you would like with their features.
It’s much better to use one of the scalping bots above and make the most of any free trials they are offering.
Summary
It is important to note that scalping is a risky crypto trading strategy that requires much research and technical analysis.
If you fail to do this research, you are likely to wind up with many losses instead of the gains you want. These factors mean that it may not be for novice crypto traders.
However, if you are new to trading, it is recommended that you engage occasionally until you gain more understanding of the cryptocurrency trading market.
That said, once you feel comfortable with crypto trading, you can feel confident with the aforementioned best crypto scalping bots to get the most from your trades.
Jonathon Spire
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