What is the best free bot for crypto trading


Last Updated: 12 February 2025

Cryptocurrency markets operate 24/7 and do not close unlike traditional financial markets. If a trader does not monitor the current situation 24/7, they may miss out on potentially profitable trades. Cryptocurrency bots aim to prevent this, as they work around the clock, which is very convenient for those who cannot dedicate all their time to trading.

What Are Crypto Bots Capable Of?

Programs automatically execute trading operations: they open and close deals for buying, selling, or exchanging cryptocurrencies at the right time. They also monitor price changes of digital assets across different exchanges, look for entry and exit points from positions, perform fundamental and technical analysis, identify recurring patterns on charts, and are responsible for many other trading processes.

Cryptotraders use bots for trading due to the following advantages:

  • High efficiency and speed. The software works faster than a human, so transactions are completed in seconds. This approach ensures an instant response to market changes, which is crucial in conditions of increased volatility;
  • Elimination of emotions. The operation of crypto bots is based on special algorithms that leave no room for emotional decisions. Many mistakes in crypto trading occur due to greed or fear. However, programs are devoid of this flaw;
  • Continuous operation. Bots work around the clock, not missing a single promising trading opportunity. Changes in the cryptocurrency market can occur both day and night, so it's important to capture them in a timely manner.

In the end, bots are capable of processing huge volumes of information and performing complex calculations that are difficult to execute manually, making them very useful for cryptocurrency traders.

Types of Bots for Crypto Trading

To better understand the features of different bots, they can be divided into three conditional categories: by degree of automation, by analysis skills, and by functionality.

By degree of automation

  • Automated — trade cryptocurrencies independently, but within a given trading strategy. The software analyzes the market, opens orders, and adjusts the margin.

  • Signal notifications inform the trader about potentially profitable opportunities. Signals can notify when it's best to enter and exit certain trades, on which exchange to buy cryptocurrency, and when to set stop-losses and take-profits. Based on this data, the user makes their own decision: to react to the signal or to ignore it.

By analysis skills

  • Indicator bots. Such crypto bots conduct fundamental and technical analyses to make predictions about the direction of cryptocurrency prices. They rely on various indicators and markers, as well as news from the crypto industry. When the indicators signal a buy or sell, the bot will automatically execute a trade or notify the trader.
  • Non-indicator. Such a program contains specific settings, scripts, or functions. For example, the bot should sell a specific cryptocurrency if it has risen by 15% in the last 5 hours. When the specified setting coincides with the market situation, the bot will start trading.

By functionality

  • . Traders use such crypto bots when the market has no clear direction. Grid-bots set up a network of buy and sell orders within a specific price range. When the price reaches the upper level, the bot sells, and when it drops to the lower level, it buys. If there are multiple levels, assets are sold and bought in turn. As long as the price fluctuates within this range, the bot extracts profit from the changes.
  • Arbitrage. Arbitrage is a trading strategy based on profiting from the price difference of the same crypto asset on different trading platforms. For example, on one cryptocurrency exchange, a coin costs $5, while on another, it costs $5.5. In this case, a trader buys the cryptocurrency on the first exchange and sells it on the second, with the difference between these transactions constituting their profit. Arbitrage crypto bots monitor digital currency prices 24/7 to identify price gaps. Upon detecting such a difference, the bot automatically opens a trade.
  • DCA bots. The strategy of such software is based on the principle of averaging. This means that an equal amount of cryptocurrency is purchased at regular time intervals, regardless of its current price.
  • Market makers. Market making helps the exchange remain active by creating buy and sell orders for cryptocurrency. Market makers earn from the spread — the difference between buying and selling prices. They usually trade coins that have little price fluctuations and are actively bought and sold.
  • BTD bots. Such software is configured to purchase cryptocurrency at the moment when its price drops, even if there is no confirmation that the price will soon start to rise, meaning they do not wait for a correction. They operate on the basis that after a drop, growth typically follows. A correction is when the price temporarily moves against the main trend, for example, falling during a general increase.
  • Martingale. The trading strategy of such crypto bots is to double the bet after each losing trade. The idea is that one profitable trade covers all losses from previous trades. Martingale bots open new orders when the price changes by a certain amount, and each new order costs more than the previous one. This continues until a trade is closed with a profit or the target is reached.

Actually, there are many bots for cryptocurrency trading, and these are just a few of them. The essence is that the trader must find the software that aligns with their goals and trading strategy. At the search stage, the question arises: which cryptocurrency bots to use: paid or free? While large well-known bots that charge for usage can be quite effective and not pose risks, one must be cautious with free ones.

Are there free crypto trading bots?

Considering the potential benefits of such a tool, it is not surprising that more and more cryptocurrency trading bots are appearing every day. Those that receive high ratings and good reviews from the crypto community usually operate on a paid basis in the form of a monthly subscription. There are also conditionally paid bots that can be used for free, but with various functional limitations or for a limited period of time.

Special attention should be paid to crypto bots that are marketed as completely free. Currently, many developers are launching similar programs into the market. But what's the catch? Usually, there's only free cheese in a mousetrap, and this case is no exception. Under the guise of free trading crypto bots, malicious software aimed at stealing users' crypto assets is often distributed. One of the common fraudulent schemes involves phishing: the bot 'steals' private access keys not only to cryptocurrency wallets and exchange accounts but also to bank accounts.

But are there really free and safe bots for trading cryptocurrencies? Yes — you can find them on major centralized cryptocurrency exchanges that offer a variety of useful tools for traders. Such exchanges have strict security requirements, protecting the assets and interests of their users. All bots on trading platforms are tested, verified, and approved by the exchange, so you don't have to worry about losing personal data.

Which cryptocurrency exchanges have trading bots? Let's take a look at some of the largest players in the crypto industry.

ByBit

ByBit exchange offers several built-in trading crypto bots that help automate trading strategies. Among them are the Martingale bot, which doubles bets after losses, the Grid bot, which operates within price ranges, the DCA bot, which averages the purchase price of crypto assets through regular investments, and others. Built-in real trading conditions, such as liquidity management and margin positions, allow for precise risk tracking and management without external services. ByBit bots operate without extra fees, only with standard trading commissions.

Binance

Binance trading bots are built into the platform and do not require connection to third-party services. They support automation in both the spot and futures markets, including Grid trading strategies, averaging, and portfolio rebalancing. The bots operate 24/7, allow for customizable trading parameters, and integrate with the API for advanced users. There are no additional fees for using crypto bots — traders only pay standard exchange fees. Thanks to deep integration with the Binance ecosystem, they provide convenient and efficient automation without complex setups.

OKX

OKX trading bots are distinguished by deep strategy customization and high execution speed thanks to their connection to the exchange's deep order book. Grid bots on spot and futures allow for the configuration of complex parameters, including the number of orders and price range steps. The DCA bot flexibly adapts to volatility by adjusting the frequency of purchases. The iceberg bot conceals large orders, minimizing market impact, while the smart arbitrage bot automatically extracts profit from spreads between markets. Built-in algorithms optimize parameters in real-time, ensuring efficient trading automation without additional fees.

Each platform guarantees user security through the implementation of advanced protective measures, so they can be confidently used for trading. However, it is important to remember that crypto bots are not a magic wand that ensures the success of every transaction. They require competent fine-tuning and constant monitoring.

Traders must stay informed about current market trends, understand analytics, and timely adjust the bot's parameters in response to external changes. Without knowledge of the crypto market and trading strategies, relying solely on automated trading programs can be very risky.