In the world of cryptocurrency, a scalper is going to take a calculated risk, because they look very closely at what’s going on with the market before they trade.
The thing about the world of crypto is that it is extremely volatile, but traders know what they’re doing and can make a profit, despite this volatility.
In fact, a lot of them can leverage this volatility in their favor.
Scalping is a specific technique for trading that needs you to keep track of the market, so that you can capitalize on price fluctuations.
In this article, we are going to talk about what a scalping bot is, and the best crypto scalping bots for your high frequency trading.
Best Crypto Scalping Bots in 2023
1. Pionex
This is most definitely one of the greatest crypto scalping bots in the market, because they care a lot about their clients, and one of the reasons why we know this is because they offer all of their bots for free.
They have over 12 bots that they have built into the system for you to choose from, so that you can get specific when it comes to your cryptocurrency trading method, and you can make the most of a company that cares enough about its clients to want to be able to help them for free.
Just because they’re free doesn’t mean that they compromise when it comes to quality or anything else so that you can make the most of really robust customer support, as well as helpful information on their website about how they work, and how they can make everything go smoothly.
Another major feature when it comes to this crypto scalping bot is that they don’t have a minimum that you have to spend, which means that you can get started with them with almost nothing as far as assets go.
2. Bitsgap
This is a heavyweight in the market when it comes to being a scalping bot, because they’re really good not only for scalping, but other strategies as well if this is the kind of method you want to implement.
Their platform includes a number of order types, so that you can have a lot more control when it comes to your scalping actions.
Their orders include shadow orders, market orders and even stop limit orders.
Their crypto scalping bots move along with the price using grid technology so that you can respond very quickly to market fluctuations, and your bot is going to automatically adjust to make sure that you are buying and selling at the specified range.
This way, you are guaranteed to make a small profit as the day goes on.
They also implement signals that are external, so that you can monitor fluctuations related to crypto without having to be glued to your computer screen.
You’re going to get notifications any time there is a slight change in the market, so that you can make an informed decision.
If you’re just starting out in the world of crypto scalping, then you definitely need to capitalize on the demo account so that you can school yourself without losing any revenue.
3. Coinrule
This is a scalping bot that’s going to make your life really easy, because they can help you automate your cryptocurrency trades so you can sit back, relax, and not have to be glued to your computer screen all the time.
One of the best things when it comes to this scalping bot is that they don’t require you to have any prior coding experience, and they can also help you compete with professional traders out there that are using advanced algorithms in order to implement their trades.
You can get started with these guys for free, and they consistently have discounts when it comes to their pricing, so we doubt that you’re going to ever have to pay full price.
We love that their crypto scalping bots work with the top ten most popular exchanges in the market, and they offer encryption and security that is guaranteed to be military grade, so that you don’t have to worry about your assets being compromised.
You can come up with the right automated trading rules for your needs around the clock, so you never have to miss out on a really good trading opportunity.
4. Quadency
Quadency is a really helpful scalping bot if you want to be able to simplify your approach to cryptocurrency trading in general.
They can simplify your digital asset experience, and they say that as far as being a trading platform, they are a one-stop shop that can help you whether you are an advanced investor, or a beginner investor.
You can easily trade Bitcoin and cryptocurrency with just a few clicks, or you can connect to their professional tools, like trading automation, and bots.
You can get started with these guys really easily with a free account, and you can also explore more than 1500 cryptocurrency assets, so there’s really not going to be too much of a limit when it comes to implementing your crypto trades.
With more valuable charts, you are able to look into the market closely, and they’re able to keep an eye on the market for you, so you don’t have to worry about making trades at the wrong time or missing out on good opportunities.
5. Binance
Binance is definitely one of your best bets when it comes to being a scalping bot because they can help you not only trade your cryptocurrency, but they can help you hold your cryptocurrencies as well.
They are well known in the world of crypto platforms, and as a result, they have more than 600 cryptocurrencies that you can trade on their platform.
They have extremely accurate and up-to-date information when it comes to what the market is doing, and you can build your own portfolio with them for free.
You can either do this through your web browser, or you can download that app for your mobile if you want to be able to take your trades on the go.
With Binance trading bots, you’re going to be able to make the most of endless possibilities when it comes to your cryptocurrency trades, and considering that their mobile app is compatible with both Android and iOS, we don’t see why you aren’t going to be able to achieve everything you want when it comes to your crypto scalping bot.
6. Cryptohopper
Cryptohopper knows exactly what’s going on as a scalping bot, and they are located in Amsterdam.
They are of course one of the greatest crypto bots that offers you a seamless experience.
They also help you work out your stop loss and take profit settings, and they express these in percentages.
You can even use a protection metric, so that you can preserve profits, while making the most of fluctuations in the market.
Traders can use this crypto scalping bot to get rid of any human error, because of its trading strategies, and preprogrammed algorithms.
You can make the most of over 75 different crypto coins, and they include a number of tools into their feature list, including a back testing feature.
This way, you can experiment as much as you need, without your assets being compromised.
As far as their support goes, they offer the maximum support available, and creating an account with them is super easy.
7. Altrady
Altrady is a scalping bot that has been founded by developers that are considered experts in their field, so you know exactly what you’re going to get from these guys.
They don’t have any native bots available right now, but they can interact their features with other bots.
They are extremely ambitious, and are constantly working on improving and updating their features, so you know that you’re going to be able to get a lot out of these guys when it comes to your crypto scalping bot.
8. 3Commas
The next crypto scalping bot on our list is located in Miami, and they have designed their bots for traders that aren’t necessarily experienced when it comes to the tech world, and a lot of the time, lack the financial backing that they need to be big investors in the world of cryptocurrency.
Their platform is really intuitive, and they have a number of program strategies that you can make the most of. You can even customize your own strategies.
Some of their preprogram strategies include stop loss, take profit and more.
With their smart trades features, they make it really easy for you to use their scalping bots, and they work with more than 13 major exchanges in the market.
They have a really good reputation, which is appealing to a lot of people out there.
They are also completely safe for you to use because they’re based in your web browser, and you don’t have to download anything.
Your money also isn’t stored with their trading bot, and their bot isn’t going to be able to access your funds.
9. Haasbot
Haasbot is a crypto scalping bot that is really good for both beginners and experienced traders alike.
As far as their user interface is concerned, it is friendly and easy to use, and you can configure bots so that they’re going to trade for you all day long.
You can make the most of their software both on Windows and Linux, and once you have installed their software, you can run it locally, unlike other bots on this list that are accessible only through the cloud.
This crypto trading bot platform helps you make the most of over 50 indicators, including back testing features in real-time.
They are linked to more than 20 popular exchanges, and they can implement your scalping strategies quickly, by closing and initiating a series of smaller trades.
FAQs
What is Scalp Trading?
Scalp trading is the type of trading where a trader is going to benefit from the idea that the market is extremely volatile.
Traders are going to benefit from small trades that occur within a few minutes, or even a few seconds.
To benefit from trades like these, you need to make a number of trades in a day.
You also have to have a high level of funds at your disposal, before you can earn a profit from high frequency trading.
How Does Scalping Make a Profit?
As far as scalping traders are concerned, they use their intuition to make moves when it comes to this process.
Each trader is going to formulate a system that works for them personally, to work out where their efforts are best made.
One common thing among sculping traders is that they trade frequently, and they only take between 5 and 10 minutes to choose their trade.
Some scalpers choose to trade manually, while others use software and automatic systems.
If you are a manual scalping trader, then you need to analyze price charts, as well as the volatility of the market, before you make a move.
In this situation, a trader has to be very familiar with the movements in the market, possess excellent analytical skills, and be able to monitor trades intently.
They need to be glued to their computer screen, so they don’t miss out on a good trade, or their position doesn’t slip into unprofitable.
A trader who uses an automatic system can mitigate these risks, because they take human error out of the picture.
Using a crypto scalping bot can be really helpful, especially if you don’t want to have to spend all day sitting at your desk.
How to Choose a Crypto Scalping Platform
We have discussed in depth the idea of a crypto scalping bot and applying this method to the world of cryptocurrency in general.
Now, let’s take a look at how to choose a crypto scalping platform so that you can preserve your assets, and make sure that you’re making the right decisions for your assets as well.
Choose the Right Platform:
You need to make sure that you are carefully studying things like the fees amount, because if you want to make a serious profit with a crypto scalping bot, you need to make sure that they aren’t charging you too much for the privilege.
Choose the Right Crypto for Scalping:
If you plan on being able to scalp cryptocurrency, then we don’t recommend that you choose a little-known cryptocurrency, because this is going to be pretty risky.
It is necessary to choose a coin that is already pretty well established, so the optimal choice is going to be a coin that has a really high level of support and has a high possibility of reversal.
Competent Use of Technical Indicators:
You need to make sure that the crypto scalping bot that you are using has a competent capacity when it comes to technical indicators.
Because the bot is going to limit the loss, and is happy to make a small profit for you, that profit is set only a few points above your entry point, while the stop loss is going to be set below the support level.
How to Set up Your Strategy for Crypto Scalping
If you are just beginning your career as a crypto scalper, then there are a few things you need to know.
Pick Your Assets and Your Trading Pairs
The crypto market is diverse, which means that there is a long long list of digital cryptocurrencies that you have to work with.
Some of course are going to be more well-known than others, while others are going to be traded more than others.
Therefore, it is really important to pick your trading pairs well, and as we have already mentioned above in the article, it is advised that you choose a cryptocurrency coin that has been in circulation for a while and is relatively well known.
Find the Best Platform for Your Trades
Another thing to think about when using a scalping bot is that you’ve got to choose the correct trading platform.
The trading platform that you end up choosing is going to affect your trading actions.
You need to find a trading platform that has a good reputation. You can decide if a trading platform has good reputation, by looking at reviews on third-party websites.
Secondly, you will also want to make sure that you can use their website without getting frustrated. If you are going to, then you want to make sure that the trading platform is going to offer you a good user experience.
The thing to remember when it comes to scalping is that it works best with fast trading, which can only occur with somebody who knows the platform really well.
Lastly, you also need to make sure that the fees that are being charged by your chosen training platform fit within your expectations, and your budget.
You need to make sure that they aren’t going to charge you any undisclosed fees down the track.
Find Your Trading Bot
We definitely don’t have anything against manual trading, but we do recommend using a crypto scalping bot, especially if you want to implement quicker trades, and you want to reduce the risk of human error.
Bots are also a good choice because you won’t have to facilitate your trades manually.
This means that you can earn an income from cryptocurrency trading without having to sit at your computer all day.
Learn to Be Flexible with Your Strategy
Of course, it is tempting if you have landed on a really good cryptocurrency scalping strategy, to stick with it.
However, we don’t recommend that you stick to just one strategy, because experimenting with different strategies on small transactions can result in figuring out the one that is going to work best for you.
The other thing to think about is because the cryptocurrency market is changing all the time, the strategy that you implemented last week might not work as well this week.
What are the Advantages and Disadvantages of Crypto Scalping?
Just like with any other industry out there that implements trading methods, there are pros and cons that come with crypto scalping.
Let’s take a look at them. First, we’re going to look at the advantages.
The advantages are that you can easily automate the crypto scalping process by using crypto scalping bots, and if you set up smaller positions, you are going to take smaller risks.
The other advantage to crypto scalping is that it is going to work nonstop for you, which means that you don’t have to sit out great chances to implement trades.
Some of the downsides to crypto scalping is that it is quite a big learning curve in the beginning, especially if you don’t have a lot of experience in the cryptocurrency trading industry in general.
Another thing that is a downside is that fees can end up eating up your profits if you end up implementing too many trades.
You also need a good number in your starter fund in order for this method to work really well.
Final Thoughts
As you can see, there are a lot of different things to think about when considering crypto scalping.
The thing about crypto scalping is that it requires a lot of analysis as far as the technical side of things is concerned, otherwise, you can end up losing all of your assets.
However, the good news is that you can make the entire process a lot more streamlined and straightforward, by making the most of a crypto scalping bot.
A crypto scalping bot is going to take the emotion out of your trades, so that you can implement trades more frequently, and with lower risk, so that you can make smaller profits as the day goes on.
A crypto scalping bot is going to be well suited to somebody who is a beginner in industry and needs a little bit of a boost in the beginning, until they know what they’re doing.
It is also a massive time saver so that you don’t have to be glued to your computer screen.
