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The Best Cryptocurreny Trading Bots for BinanceUS Exchange

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the best crypto trading bots for binance us

Crypto trading bots are the new craze in the crypto space. They offer crypto traders excellent ways to monitor the highly volatile market and automate their trades. Binance.US is among the top crypto exchange platforms enabling users to buy, sell, and store cryptocurrencies. Leveraging Binance’s world-class trading engine, Binance.US can execute up to 1,400,000 orders per second. Their infrastructure uses state-of-the-art storage technology for secure trading across various crypto and fiat markets. In addition, BinanceUS supports many trading bots that enable users to maximize their profits amidst high volatility in the crypto markets.

Trading Bots Explained

It’s without a doubt that the crypto space is marred with constant market fluctuations, which spells doom to most crypto traders thanks to the enormous losses they cause. To solve the market volatility problem, crypto enthusiasts have developed a method of algorithmic trading called “Trading bots.” Trading bots are autonomous software program that automates crypto trading. Trading bots are handy in crypto to eliminate emotional trading involving panic selling and greed buying experienced by personal trading. 

How does a crypto trading partner bot work?

Crypto trading bots function automatically to execute a buy and sell of orders as defined by their specific strategy or script. Typically, crypto trading bots employ proven trading strategies that have been in existence in the traditional trading market. The trading bot automatically determines to buy and sell orders, which are then executed on the exchange’s API resulting in high-frequency automated trading. 

Depending on the type of trading bot used, the functionality usually varies from simple trading tasks, such as setting limit orders to complex tasks, such as performing triangular arbitrage. Trade bots employ technical indicators and other signals to calculate buy or sell orders for an automated strategy. 

Users can choose a customized trading strategy on their bots, which is vetted using a backtesting technique. This technique uses historical exchange data to determine whether a trading strategy can generate substantial profits. Crypto trading bots also employ other methods, such as paper trading or simulated trading, to determine a trading strategy’s profitability.

BinanceUS Top Crypto Trading Bots

CryptoHopper

CryptoHopper has come out as an excellent crypto trading bot thanks to the vast array of features the bot provides. CryptoHopper employs cloud technology to keep the bot running and accessible 24/7, enabling users to customize trade even at night. The bot, launched in 2017, is also ideal for beginners and intermediate traders thanks to the ease of use and the integration of an external trading signaler, meaning that anyone without prior experience can start using the bot by running it on autopilot. This is an excellent feature, especially for new traders who will be fine with setting their bot’s trading signals. 

The bot has different standout features, including trailing stops, technical analysis, templates, and backtesting. The templates also assist users in configuring a new ideal trading strategy on their bots quickly and easily.

CryptoHopper is charged $19 monthly for the basic plan and $99 monthly for the premium plan.

3Commas

3Commas is an advanced crypto trading bot integrating several exchanges, including Binance, BinanceUS, Binance DEX, Binance Jersey, Bitmex, Bittrex, Ethereum Wallet, and Pro Coinbase. 3Commas has a SmartTrade terminal feature that allows users to achieve various functions, including executing orders and trades, setting bot-trading, and stop-loss/profit positions. 

The user-friendly interface features a vertical menu on the left, indicating the bot’s functions. Every feature is visible and well laid out, including creating a crypto bot and an automatic crypto-trading strategy with customizable features such as stop loss, take profit, and automatic trade. 

3commas allows users to fix stop-loss and take-profit targets manually. In addition, inexperienced traders are also catered for by the bot as they can employ the most successful trading strategies made available by the bot.

Additionally, 3Commas users enjoy beneficial ETF-Like crypto portfolio features, enabling them to build, study, and backtest a crypto portfolio to determine the best-performing portfolios assembled by other crypto traders.

Haasbot

With over six years of existence in the trading bot ecosystem, Haasbot is a veteran crypto trading bot compatible with major exchanges, including BinanceUS, Bittrex, Huobi, and Coinbase PRO. It was launched in 2014 by HaasOnline and started as software for analyzing market conditions. However, it has risen to become a leading automatic crypto trading bot. 

Haasbot is available monthly, from 0.073BTC for three months to 0.127BTC for a year. Haasbot also runs on cloud technology, meaning users can attend all trading sessions at night. Similarly, they don’t need to keep their computers up and running at all times. Haasbot also allows users to customize their trading strategies.

The primary concern with using Haasbot is that it requires user input to place a trade, making it manual. In addition, it necessitates users to have some knowledge about the prevailing market condition. Nonetheless, the wide range of features, user-friendly interface, and, most importantly, quality support make the trading bot stand out among other numerous crypto trading bots.

Conclusion

Crypto trading has been made much simpler thanks to crypto trading bots. Bots eliminate emotional crypto trading and enable traders to spread risk by balancing their portfolios based on the prevailing market conditions. Nonetheless, it’s crucial to note that trading bots have different features, and not all are reliable, and some can even be scams to siphon money from your accounts. 

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It’s therefore recommended to practice due diligence before purchasing a crypto trading bot. 

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A part-time trader with a fine eye for detail. Over the years, I have developed an intriguing interest in blockchain technology and enjoy writing about cryptocurrencies.

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