What coins or pairs are good for Binance bot trading?

What coins or pairs are good for Binance bot trading?

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Deciding which coins or crypto pairs to trade can be confusing initially, but there are a ton of options available. Many people choose Bitcoin as a base currency, because this is usually the one with the most trading volume on the exchange.

While smaller coins can often have large price movements, if there’s not enough volume, then it could be hard for you to make a profit, as there won’t be a large enough coin pool to work with.

You might need to spend some time evaluating the volume of the asset, and the supply in the order book before deciding on anything.

If you just want to get started, then you may want to start with a very popular pair, like BTC/USD, which will have a ton of volume and a decent price variance to allow you to test out how the trading bot works.

Does Binance allow crypto trading bots?

Yes, Binance does allow trading bots, and they provide API keys to help you to connect your exchange accounts to the software. They also allow you to customize permissions for the API key easily, to make it safe for automated software, and have a security process to prevent unauthorized API key generation on your account.

How much money do I need to have to start the bot?

Starting the automated trading is very cheap, and you only need a small amount of money to get started. In fact, you can even start without any money at all if you need some practice!

’s backtesting feature allows you to see how your strategy will play out in real-time, allowing you to make important adjustments to your bot before you commit any of your actual money to the software.

It’s a great way to get familiar with bot trading, and it’s recommended that you do some practice rounds so that you understand how the software works before wasting your crypto on a bad strategy.

Is it safe to share your Binance API keys with a trading bot?

If you take the proper precautions, then yes, it is safe to share your Binance API keys. However, you should always make sure that the “withdrawal” option on the API key is unchecked.

Note that read and trading must be enabled or your bot will not work, as it does not have the appropriate permissions to trade for you.

The trading bot for Binance helps you in buying and selling cryptocurrencies at the best time.

Top 5 Best Free Crypto Trading Bots for Binance in 2023

Pionex

Pionex is the best cryptocurrency trading tool for both beginners and advanced users.

With 12 free trading bots, Pionex is one of the top binance trading platforms. Users can use this Binance trading bot to automate their trade without having to constantly monitor their wallets.

In comparison to most of the many crypto trading exchanges, this Binance trade bot has the lowest trading charge. The maker and taker each incur a 0.05 percent trading charge on this transaction.

Features:

Pionex provides retail traders with 16 free trading bots.

This bitcoin trading desk has a leverage grid bot that enables you to buy low and sell high in a given price range.

This Binance trading bot has a leveraged of up to 5x.

Cryptohopper

Cryptohopper is the best choice for investors who want to duplicate trade and pay a reasonable fee.

Cryptohopper is a Binance trading tool that helps you to manage all of your cryptocurrency exchange accounts in one place. It lets you exchange Bitcoins, Litecoin, Ether, Dogecoin, and other altcoins. This Binance bitcoin trading robot allows you to create your trading strategy.

Features:

One of the most user-friendly layouts may be found on the website.

This crypto trading bot allows you to use safe methods to protect your account.

The information you provide to these crypto trading bots is kept secret.

Bitsgap

The Bitsgap trading bot’s algorithm depends on a basic but successful process known as GRID. Within a trading range selected by a crypto trader, it distributes money appropriately. Furthermore, the Bitsgap registration procedure is simple and takes only a few minutes to finish. To see the difference between kraken vs binance click the link.

When the buy limit order is filled, the bot immediately enters a new sell order directly above it. A fresh buy order is created below any filled sell order, and conversely. The bot will trade continuously as long as the price remains within the trade range’s limits.

Botsfolio

By connecting a cryptocurrency trading account and configuring your investment strategies Botsfolio allows you to invest money in bitcoin. It is not necessary to have any prior trading experience or skills. To create and deploy trading bots, you don’t need any knowledge of programming. It functions by exchanging money for you. On the dashboard, you may track your betting progress and profits and losses.

It allows users with profiles on the Binance, OKEx, and Coinbase Pro crypto exchanges to trade immediately. API keys are used to connect them.

You can join your accounts to the bot after putting the money or crypto into multiple exchanges, and then determine whether and how to spend all your money among chopping, futures contracts, value investing, and hedged able-to-trade techniques. You will specify the amounts to be allocated to each method, and the bots will automatically apply the rules. The main difference between kraken vs binance is that the binance has no crypto conversion fee.

Features:

Subscribe to Telegram for tips, discussion, and support.

Ether, Bitcoin, Bitcoin Cash, and Bitcoin are all accepted payment options.

The software includes risk management intelligence.

Coinrule

Coinrule is the second Binance bot on our list, and what’s cool about such folks is that if you have a little bit of experience in this field, you can design your trading bot.

Even though you can configure your additional transaction, they still market themselves as a Binance bot for novices, which means you’ll be able to make the most of their crypto exchange strategies quickly, and their user-friendly functionality makes it simple to not only implement but also build the right additional transaction for your needs.

In terms of their repository, they have 150 predefined rules to help you create the best trading platform for your needs.