crypto strategy

4 Best Crypto Bots for KuCoin in 2022 – Better than Built-in Kucoin Bot?


Can you use trading bots on Kucoin.com?


Kucoin is one of the largest cryptocurrency exchanges in the world platforms, with a daily trading volume of over $850 million at the time of writing.

Kucoin has built-in bots that work really well. But it also allows users to use third-party trading robots that automatically trade digital assets by connecting to the Kucoin API.

The Kucoin platform offers trading bots that support five trading strategies: dot grid, futures grid, dollar cost averaging, infinity grid and smart rebalancing. User sets the rules on how Kucoin trading bots work.

These are really effective and above all cost NOTHING. Thus, you can perform automated transactions on Kucoin without paying for external services. You can even copy other traders with just one click.

I would say that with these built-in bots you can do 90% of what you need. You will miss some of the indicator-based strategies for trading (Coinrule is great for this) and you will also not have access to some trading pairs that are not listed on Kucoin.

Visit Kucoin now

What are the best crypto bots that work well with Kucoin?


Kucoin bots are awesome, but you can’t customize them because they only work through platform templates. Moreover, the number of trading strategies is limited.

Thus, you may need to research other options and robots that work with Kucoin and can be customized much more than built-in Kucoin bots.

Some of the best cryptocurrency trading robots available in the market are Bitsgap, Coinrule, Cryptohopper, Pionex, and 3Commas.

bitgap


Bitsgap is one of the best trading robots for cryptocurrencies. It has a lot of automated trading features. It connects to at least 25 popular cryptocurrency exchanges, such as Coinbase, Binance, Kucoin, Kraken, Huobi, Gate, etc., via API access.

Other automated trading tools, like Pionex, don’t allow you to trade on more than one exchange. Bitsgap allows trading on all of these exchanges from a single interface, a feature that has made its trading robots popular among cryptocurrency traders.

Bitsgap offers three types of auto trading bots, each designed with a different trading strategy in mind. bitgap also has a feature called “intelligent trading”, which allows users to set “take profit” and “stop loss” orders for their trades at the same time.

1. Grid trading robots are designed to take advantage of market volatility (they buy and sell at predefined prices).

2. DCA (Dollar Cost A Average) trading bots who employ trading strategies based on technical indicators (stochastic + channel, MACD + RSI).

3. Futures Trading Robots: a high-risk, high-reward strategy that allows users to earn up to 10x faster when the market is bullish or bearish (long or short).

Tariff packages

Bitsgap offers a 7-day free trial (no credit card required) for all trading robots available on its website, which you can use to familiarize yourself with how everything works before deciding to subscribe to any of the paid plans. (Basic: $23/month, Advanced: $55/month, and Pro: $119/month).

The Basic plan allows two Active GRID bots to run simultaneously, while the Advanced plan includes five and the Pro plan has twenty Active GRID bots. All three paid subscription plans come with 10 active DCA robots, unlimited smart orders, pre-configured trading strategies and many other useful features. Users can pay for Bitsgap’s robot trading services using over 50 cryptocurrencies, credit cards, and PayPal.

Advantages and disadvantages of Bitsgap

Advantages:

  • It’s easy to use,
  • Has an easy to understand interface
  • Has a 7-day free trial plan
  • works with all major exchanges
  • Arbitration

The inconvenients:

  • It doesn’t have a mobile app
  • Trading bots don’t do much
  • No copy trade
  • Other platforms allow users to copy the trades of successful traders.

Visit Bitsgap now

Coinrule


Like Bitsgap, Coinrule is a platform that allows users to send automatic trading instructions to their favorite centralized exchanges, such as Coinbase Pro, Binance, Kraken, Bitpanda and others. Coinrule has a well-researched cryptocurrency learning academy where you can learn about different trading strategies and techniques.

It offers four flexible pricing plans, each with different types of features and different monthly transaction volume allowance, as follows:

1. Beginner (free): 2 live rules (bots), 1 connected exchange, up to $3,000/month in trading volume.

2. Amateur ($29.99/month): 7 live rules, 3 trades, $300,000/month volume, live telegram notifications and leverage strategies.

3. Trader ($59.99/month): 15 live rules, 5 exchanges, $3 million trading volume per month, one-to-one learning sessions, TradingView integration.

4. Pro ($449.99/month): 50 live rules; unlimited exchanges and transaction volumes; ultra-fast trade execution; unlimited template strategies.

Coinrule: pros and cons

Advantages:

  • A beginner-friendly interface that gets you started.
  • Compatibility with many major cryptocurrency exchanges.
  • Free plan to test the platform before deciding to upgrade.
  • Over 150 templates for different trading strategies.

The inconvenients:

  • Fewer features than other similar platforms.
  • Expensive (Coinrule Pro plan is expensive).
  • No mobile app is available, no 2FA to increase security.

Visit Coinrule now

Cryptohopper


Cryptohopper is a trading robot which works with all major exchanges, such as Binance, FTX, Kucoin, Kraken, Huobi, etc. It allows users to manage all their accounts on cryptocurrency exchanges from a single interface and automatically transact on these exchanges.

Cryptohopper offers a 7-day free trial and has four paid pricing plans, starting with Pioneer (free for 20 positions), Explorer ($16.58/month for 80 positions), Adventurer ($41.58/month for 200 positions ) and Hero ($83.25/month for 500 seats).

Cryptohopper: advantages and disadvantages

Advantages:

  • Intuitive interface, easy to use/friendly for beginners.
  • It integrates all major crypto exchanges.
  • Good tutorials, tracking and analysis tools.
  • The ability to use copy trading to copy the trades of more experienced traders.

The inconvenients:

  • The customer service phone is not available on the official website.
  • Users need a paid subscription to access any important functionality.
  • You have to pay extra for cryptocurrency signals.

3 commas


3Commas is a cryptocurrency trading and portfolio management platform which allows users to create automated trading robots that work with 22 different exchanges. Some of the things 3Commas has to offer are portfolio tracking, DCA (dollar-cost averageing) bots, and GRID (global resource interconnection) bots.

In terms of price, 3 commas has affordable pricing compared to other similar trading bots, with 4 pricing plans available to traders as follows: Free (for 3 days), Beginner ($14.5/month), Advanced (Unlimited DCA bots) ($24.5/month) and pro (unlimited DCA bots at $49.5).

Advantages and disadvantages of 3 commas

Advantages:

  • Lots of features, easy to use, including portfolio analysis and tracking and copy trading.
  • Compatibility with 22 major crypto exchanges and compatible with TradingView.
  • Includes unique trading styles not available on similar platforms.

The inconvenients:

  • Some of the exchanges supported by 3Commas do not allow trading bots.
  • Increased difficulty when customizing bots without TradingView.

Other Alternatives

Pionex, which is the most popular platform with built-in bots, is a great alternative to the ones above. It has 16 built-in free auto trading robots and supports over 120 popular cryptocurrencies. The fees are also very low.

Binance and Kucoin.com both have built-in trading bots, but Binance’s aren’t very useful as they have very limited functionality.

Kucoin robots, on the other hand, are very powerful and easy to use. They even have copy trading capabilities and insightful analytics that help you choose the best traders to copy and trade pairs to use for grid trading.

Read also:

FAQs


Which trading robot is the best for KuCoin

One of the best trading bots for the Kucoin platform is Kucoin’s own built-in spot grid bot, developed by the exchange itself. Other alternatives that have received good feedback from the community are Bitsgap and Coinrule.

Do KuCoin bots cost money

Kucoin’s built-in bots are free, while other automation solutions cost money.

Are trading bots worth it

Crypto trading bots do not make decisions other than what you configure them to do. Yes, it is possible to make money with trading robots if you set them up well and use a good trading strategy.

Do trading bots work

It depends on market conditions and how you set them up. Trading robots perform well when set up correctly, especially when the cryptocurrency market is bullish. As with manual trading, automated cryptocurrency trading comes with some risk, but the utility comes from allowing users to spend less time working on trades and testing new strategies.

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CaptainAltcoin writers and guest authors may or may not have a vested interest in any of the projects and ventures mentioned. None of CaptainAltcoin’s content is investment advice or a substitute for advice from a certified financial planner. The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com


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