Scalping allows traders to make quick profits from minor instances of market volatility by making as many potentially profitable trades as possible. Efficiency and speed are of the utmost importance in maximizing gains in scalping, and this is where a scalping bot crypto can help.
A scalping crypto bot can execute trades instantly based on predefined criteria, ensuring traders don’t miss any profitable opportunity. If you are also looking for a similar bot, then to help you with your search, this article discusses the 4 best crypto scalping bots in 2024.
- 24/7 trading with bots
- Trailing stop-loss and stop-buy options
- Copy and social trading
- Supports over 15 crypto exchanges and 20 blockchains
- 24/7 notifications of price differences
- Over 30,000 coins available
- Free starter account, limited to 2 live rules and 1 exchange
- 10 supported crypto exchanges
- Trading academy, including analysis of stragegies
The best crypto scalper bot – Our picks
We have examined more than 20 popular crypto scalping bots on the basis of different parameters, including features, pricing, user reviews, and more, to come up with the below 4 best automated trading bots for crypto in 2024:
- Cryptohopper: An AI-driven scalping bot that provides traders with plenty of advanced features and extensive exchange integration through a simple, user-friendly interface.
- ArbitrageScanner: Boasts a cutting-edge cross-chain arbitrage detector, making it a good choice for those looking to benefit from arbitrage and bid-ask spread scalping strategies.
- Coinrule: An intuitive, automated platform that lets users create their own automated without the rules based on their trading style, without the need of coding skills or extensive knowledge.
- 3Commas: With versatile bots, advanced analytics and a focus on portfolio management, 3Commas is a solid platform for scalpers and long-term traders.
The best crypto scalper bot – A closer look
Now that you know which are the 4 best crypto scalping bots, let’s examine what makes them the best:
1. Cryptohopper – Advanced crypto scalping bot with user-friendly interface
Cryptohopper is an advanced automated system that offers everything needed to execute automated scalping strategies successfully. The platform comes with extensive exchange integration, technical indicators, and many more advanced features.
Cryptohopper supports many scalping strategies, including Pure Trend Scalping, Volatile Trend Scalper and Momentum Trend Scalper. The platform also supports many advanced trading strategies, such as Mirror Trading, Market-Maker, Arbitrage, and AI Bots.
Cryptohopper’s AI functionalities and the ability to adopt different trading styles make it a go-to bot in all scenarios. The platform’s AI integration has the option to allow traders to set strategies and signals, as well as use TradingView data for better decision-making.
CryptoHopper homepage | Source: CryptoHopper
This automated trading system also provides traders with detailed technical analysis and timely performance reports. These features allow traders to scan the market for the best prices and efficiently execute trades to maximize profitability.
Despite its advanced trading features, the platform has a highly user-friendly interface to simplify and optimize automated trading for crypto. Cryptohopper’s web interface allows users to easily monitor trades, review historical performance, and adjust settings. Moreover, it allows traders to backtest their strategies using historical data.
In terms of fees, Cryptohopper has a lifetime free basic plan and affordable subscription plans starting at $24 per month.
Overall, Cryptohopper is an advanced trading bot with a user-friendly interface that provides users with extensive exchange integration.
Pros
- AI-powered trading automation
- Allow backtesting of strategies
- Extensive exchange integration
- User friendly interface
Cons:
- Users need monthly plan to access advanced features
2. ArbitrageScanner – The only crypto scalping bot to offer an arbitrage opportunity
ArbitrageScanner is the only platform that allows traders to benefit from cryptocurrency arbitrage, which is profiting from market volatility of an asset across different markets. This crypto scalping bot is always on the lookout for potential arbitrage opportunities on major networks, including Ethereum, BNB Chain, Polygon and more.
ArbitrageScanner supports over 75 centralized and 25 decentralized exchanges, covering about 20 blockchains. Even though it is a bot, it allows traders to customize criteria for finding trades and receive notifications. Traders can also choose to execute trades manually or automatically.
To help traders take advantage of arbitrage opportunities, ArbitrageScanner provides free training resources on its channel, ArbitrageScanner.io. The resources include more than 50 detailed lessons explaining the step-by-step process of each strategy to achieve maximum profit.
ArbitrageScanner homepage | Source: ArbitrageScanner
More importantly, the lessons include working cases that users can easily understand and apply to their portfolios. For instance, one of the lessons discusses how a trader pocketed more than $6,000 in 2 hours following the listing of Notcoin (NOT).
In addition to extensive training courses, this scalping bot has a strong and active crypto community and allows private chat with top market participants. Users get access to all this just by registering on the ArbitrageScanner.io website and selecting a suitable subscription plan, ranging from $69 to $1199 per month.
Overall, ArbitrageScanner is the only platform that allows traders to take advantage of crypto arbitrage opportunities and provides extensive education resources.
Pros
- The only product that allows crypto arbitrage
- Extensive training resources
- Extensive exchange and blockchain coverage
- Free 1-day trial available
Cons:
- No free plan for beginners
3. Coinrule – A scalping bot that allows your to make your own rules
Coinrule is known for offering many functions, including an efficient scalping bot and numerous algorithmic trading strategies. The platform supports many cryptocurrency exchanges and a wide range of trading pairs.
Coinrule differs from many others because it allows traders to easily generate their own auto-trading rules without needing coding skills or advanced technical knowledge. The platform uses “if this, then that” logic to enable users to provide events or market conditions to trigger a trade.
Traders can create up to 50 live trading rules using technical indicators, create their own scalping strategies, or choose from many pre-made strategies. The platform has a user-friendly interface and offers leverage trading options, making it suitable for both beginners and experienced traders.
Coinrule homepage | Source: Coinrule
Coinrule allows users to test their strategies using historical data and offers TradingView integration to assist in better decision-making. The platform also provides a risk-free demo mode to enable users to practice their strategies. In terms of fees, the platform has a lifetime free basic plan, while its monthly plan starts from $29.99.
Overall, Coinrule provides traders with many functions to maximize their scalping strategy and allows them to generate their own auto-trading rules.
Pros
- More than forty templates of strategies to choose from
- Allow users to create their own rules easily
- Use of market indicators makes allocating of funds easy
- Users can test their strategies using historical data
Cons:
- No mobile app
- May not offer advanced trading features like some of its trading bot competitors
4. 3Commas – Crypto scalping with portfolio management and advanced analytics
3Commas is a popular platform among crypto scalpers and arbitrage traders. The platform provides traders with several useful tools and features for trading, as well as overall portfolio management.
Traders can use the platform’s automated trading bots with customizable parameters, such as leverage levels, or select the manual trading option through the SmartTrade terminal. Additionally, 3Commas allows developers to use its system to develop and publish apps on its marketplace.
3Commas offers traders a “Copy Trading” feature to follow successful traders. Traders can also use the platform’s backtesting capabilities to evaluate the effectiveness of their strategy before risking their money. The platform also offers a demo account to practice.
3Commas homepage | Source: 3Commas
Regarding the availability of advanced features, 3Commas provides Advanced Data Feeds to allow users access to next-level data feeds. Moreover, its Portfolio Oversight feature ensures that traders can monitor and manage their cryptocurrency portfolio from one place.
In addition to scalping and arbitrage, 3Commas offers many more useful bots, such as DCA, HODL, GRID, Options, and SmartTrades. The platform has plenty of educational materials available for beginners, as well as a free account to start with. Its paid plans start from $37 per month.
Overall, 3Commas is among the best platforms for crypto scalpers and arbitrage traders, providing them with advanced features to maximize their gains.
Pros
- Portfolio management tools available
- Integration with TradingView
- Backtesting and demo available
- Plenty of advanced features and bots
Cons:
- Presence of advanced features may confuse beginners
- Fewer customization options compared to other platforms
Crypto AI trading bots compared
Bot Key features Fees Free plan? Customer support Cryptohopper Wide exchange integration; backtesting capabilities; advanced features beyond scalping; Affordable pricing From $24/m Yes 24/7 (chat or email) ArbitrageScanner Cross-chain arbitrage detection; wide exchange integration; educational resources; community and support From $69/m Telegram message or email Coinrule Rule-based trading; library of strategy templates; backtesting; exchange integration; demo account From $29.99/m Yes email only 3Commas Variety of bot types; advanced features such as portfolio management; copy trading From $37/m Yes 24/7 (chat or email)
The pros and cons of using a scalping crypto bot
Before you start using a crypto scalping bot, it is important for you to understand not just its benefits but drawbacks as well.
Pros
- Scalping requires traders to enter as many positions as possible within a short time. There is no denying that a bot can do that more efficiently than a human trader.
- Since a bot can enter and exit positions within milliseconds, it allows them to capitalize on even the smallest market volatility that a human trader may miss.
- A scalping bot can keep an eye for and execute trades 24/7 without needing sleep or rest, something that human traders can’t do.
- A trading bot can take care of all entries and exits, thereby, allowing traders to focus on other productive endeavors.
- Scalping bots take away human emotions, such as irrational decisions and emotional trading, from trading by sticking to set strategies and programming logic.
Cons
- Though scalping bots are automated, they still require human supervision to ensure smooth functioning without any hiccups.
- Bots may fail to adjust their strategy in changing market conditions as they lack the human capability of intuitive adjustments.
- The use of scalping bots may result in higher fees as they generate many small trades quickly. The fees could even be more than the collective profit from those trades.
Methodology — How we chose the best crypto scalping bots
We considered more than 20 popular crypto scalping bots to come up with the top 5. We evaluated each bot on the basis of our curated list of metrics, including:
- Features: With scalping being an advanced investment strategy for cryptocurrency, a range of different tools and trading features is essential for users.
- Pricing: The ultimate goal of crypto scalping is to make profit, and hefty bills for tools and platforms can dent this.
- User reviews: With cryptocurrency being largely unregulated, the market is generally vulnerable to fraud and scams. For this reason, it’s essential to verify that your chosen tool is legitimate and reputable.
- Security: As mentioned above, some corners of the cryptocurrency world can be murky, so security is of the utmost importance.
- Customer support: In such a chaotic and complex market, professional assistance can be highly advantageous for traders.
To come up with the top 5, we assigned scores to each bot for each metrics and then used the total of all metrics to come up with a cumulative score for each bot.
