since the cryptocurrency market has begun to correlate with established financial markets, more traders have started gravitating toward the more recent asset class.
Experienced traders accustomed to algorithmic trading on stock markets come along with it, especially now that crypto trading bots in Australia are accessible to the general public. These are especially helpful because, unlike stock markets, the cryptocurrency market is open 24/7.
The best bots for Australian users are on our list after we examined a variety of cryptocurrency trading bots.
Key Takeaways
- What to look for in Australia’s best crypto trading bots
- 7 best crypto trading bots in Australia
- Answer to some of the most frequent asked questions
What To Look For In Australia’s Best Crypto Trading Bots
When looking for the top cryptocurrency trading bots in Australia, the following criteria should be taken into account:
Costs:
What are the subscription purchasing fees? Your profits will suffer in the long term if the fees are excessive.
Customer service:
One of the most crucial qualities to look for is prompt customer service. Since trading bots are computer algorithms, they could have defects like any other computer program.
Highly adjustable features characterize the ideal Trading Bot:
If a trading bot is going to trade in your place, it needs to be ready for any eventuality. The better, the more possibilities it has.
Support for manual and automated trades:
A trading bot that supports both manual and automated trades gives you greater freedom when you need to take control of the process and make changes.
Select the appropriate bot:
There are many trading bots, including arbitrage, leverage, coin lending, market maker, and leverage trading bots. Before making a choice, specify the type of bot you want.
Exchange compatibility:
If you trade cryptocurrency on various exchanges, be sure the bot you choose is compatible with those exchanges. A trading bot is intended to simplify trading; if you frequently switch between sales to adjust your transactions, you might want to get a new bot.
Choose your strategy with care:
A trading bot is ultimately created to adhere to a set of rules. You’ll lose money if the regulations are vague. If you’re a newbie, stick with the predefined strategies most trading bots give as you learn more.
7 Best Crypto Trading Bots In Australia
You might not know this, but the cryptocurrency trading bot you select matters. Your decision will affect the profitability of your trades as well as the number of cryptocurrency exchanges you may interface with.
As a result, if you’re looking for a safe and secure Australian trading bot that has been used and tested by thousands of users, you’ve come to the perfect place. I’ve been investing in cryptocurrencies for over 8 years, and I almost always make changes to the list below.
1. Coinrule
A bitcoin trading bot called Coinrule was introduced in 2018. It was developed to allow investors to build and test automated trading systems to take advantage of market possibilities.
Users of the bot have access to more than 150 different automated trading templates, and you can set up triggers so that the bot responds to changes in the market. Additionally, the software is set up to control volatility in a way that maximizes profits.
The bot can be used for free with its Starter package, which enables you to connect to one exchange of your choice and write up to two live rules, two demo rules, seven template strategies, and more. There are also 3 paid programs available: Monthly fee for the Hobbyist plan is $29.99.
Cost
- Cost of the Basic Package: Free
- Cost of the Hobbyist Package: $29.99 per month
- Cost of the Trader Package every month: $59.99
- Cost of the Pro Package per month: $499.99
Ideal For
Investors that wish to use automated trading to profit from market possibilities.
Features
- Excellent clientele service.
- Several pricing tiers with ongoing discounts.
- There are more than 150 templates available.
2. Shrimpy.io
Shrimpy.io, introduced in 2018, is a complete financial portfolio management tool. It works with more than 30 cryptocurrency exchanges, including Binance, Bittrex, and Coinbase, as well as 13 wallets, including the Huobi Wallet, 1inch Wallet, and Coinomi.
All Shrimpy users have access to Indexing and Portfolio Rebalancing because Sh.rimpy was one of the first to introduce it to the cryptocurrency market. A portfolio Backtest and a Copy Trading feature are also included. Additionally, indexing can be used to rebalance using various criteria automatically
Shrimpy also handles and keeps track of your portfolios, keeping them all organized under the Shrimpy Dashboard. Your API key is safely encrypted and saved using hardware security modules that have passed validation under FIPS 140-2 security standards.
Features
- Compatible with 13 wallets and 30 exchanges
- Rebalancing a portfolio automatically
- Encryption using FIPS 140-2
- Portfolio Regression
- Indexing devices
- Trading Copies
Cost
- Fees for trading: None
- Starter Plan: $15 per month (link 5 exchange accounts
- Professional Plan: $63 per month (link 10 exchange accounts
- Enterprise Plan: $299/month (link 25 exchange accounts
Welcome Bonus
- Use this link to sign up and receive a 30% discount.
Ideal For
- Investors are seeking a full-service Defi with exceptional security and portfolio management.
3. Trality
With an average daily trading volume of $10 million in just two years, it is interoperable with Binance, Coinbase, Kraken, and Bitpanda.
Trality enables users to build custom trading bots and even earn money from them by selling them in a marketplace. The Code Editor, a web-based Python protocol for programmers, and the Rule Builder, a protocol is containing predefined rules and indicators that users can use to build a bot without programming, allow users to design their bots.
Trality offers 4 subscriptions, each with 1 to 10 customized bots, ranging in price from €9.99 to €59.99/month. Your assets are never kept on Trality; they never leave your exchange, and Trality only uses APIs to execute orders for you. Trality is secured with Multi-Factor Authentication (MFA).
Cost
- Fees for trading: None
- Pawn Plan: Free (1 rented bot, 1 personalized bot
- Knight Plan: €9.99/mo (1 hired bot, 2 customized bots)
- Rook Plan: €39.99/mo (1 rental bot, 5 customized bots)
- Queen Plan: €59.99/mo (1 rental bot, 10 customized bots)
Ideal For
- experienced investors who have some background in Python-type programming languages.
Features
- Tools for Bot Creation: Rule Builder (No programming)
- Tools for Bot Creation: Code Editor (Python)
- Over 100 technical indicators
- The Bot Market
- Internet-based platform
- Additional resources: backtesting
- Able to work with four crypto exchanges
4. Pionex
Pionex offers 16 trading bots, including Stop Limit, Dollar Cost Averaging, Grid Trading Bots, and 346 different cryptocurrencies. All of these bots are free to use.
Trading commissions on Pionex are among the lowest available, starting at just 0.05% of each trade. New users can make free cryptocurrency deposits, receive up to 20% off trading costs, and obtain access to the Grid Bot insurance fund.
Binance, Sumsub, and Simplex, two of the biggest crypto security platforms in the world, are partners with Pionex. It conducts 100 million deals on average daily and was the country’s first exchange to be given a FinCEN money service business license.
Cost
- Trading Bot Charges: Null
- Fees for trading: 0.05%
- Bitcoin deposits are free.
- In Europe, credit card deposits are 3.5%.
- Outside of Europe, credit card deposits are 4.5%
- Withdrawal Fee: Varies by cryptocurrency (0.0005 BTC for Bitcoin)
Welcome Bonus
- Use this link to sign up and receive a 20% commission discount.
Ideal For
- Looking for a logical, data-driven, hands-off approach to investing for the novice or seasoned investors.
Features
- 346 cryptocurrencies are accepted
- 16 no-cost crypto trading bots
- Accessible in 100 nations
- App for iOS and Android
- Trading with leverage
- Using two factors to authenticate (2FA)
5. Cryptohopper
A Fintech startup called Cryptohopper offers cryptocurrency trading bots. It functions as an addition to some of the biggest cryptocurrency exchanges, such as Binance, Huobi, and Kraken, and it easily integrates with the user interfaces of nine different businesses.
Cryptohopper offers highly customized trading bots and operates on a subscription-based business model rather than charging trading fees. The monthly open positions, or trades, for Cryptohopper’s plans range from 20 to 500, depending on the Plan, from $15 to $85.
Cryptohopper is governed by Cyprus-based CySEC and supports 75 coins across 9 exchanges. The ability to imitate the trading strategies of successful traders through copy trading, a test environment, and a 7-day free trial of the Explorers plan are some of Cryptohopper’s most extensive features.
Cost
- Fees for trading: None
- Pioneer Plan: Free (20 places available, no triggers).
- Explorers Plan ($16.58; 60 unfilled slots; 2 triggers)
- Adventurer Plan ($41.58; 200 unfilled slots; 5 triggers)
- Hero Plan Plus ($83.25; 500 active positions; 10 triggers)
Welcome Bonus
- Receive 10% to 15% back when you sign up using this link.
Ideal For
- Seeking highly customized trading bots, whether they are a novice or seasoned investors.
Features
- Appropriate with nine crypto exchanges
- 75 cryptocurrencies are accepted
- Trading Copies
- Testing Conditions
- 130+ ready-made tactics
- Advanced tools: Arbitrage and Backtesting
- Strategies that can be modified and market signals
- Supports Trailing Stop Loss, Buy Stop, and Short Buy Stop
6. KuCoin
Users of KuCoin are free to use the trading bots, some of the more well-liked ones being Spot Grid, Futures Grid, and Smart Rebalance.
KuCoin’s primary goal is to provide a straightforward and secure platform for cryptocurrency investors. It has succeeded in this endeavor since it has attracted more than 8 million users in just five years. KuCoin enables P2P trading, futures, and margin trading in addition to cryptocurrency buying and selling.
There is a $10 sign-up incentive for new KuCoin users, and if you’re willing to freeze your cryptocurrency temporarily, you may earn up to 10% interest. With features like multi-factor authentication, encryption, and a separate trade password, KuCoin takes security seriously.
Cost
- Fees for Crypto Trading Bot: Free
- Trading commissions: 0.1% to 0.0125%
- Makers’ commissions: 0.0125% to 0.1%
- Fees for Takers: 0.0125% to 0.1%
- No deposit fees
- Fees for withdrawals: Depending on the coin (For BTC: 0.0005 BTC)
Welcome Bonus
- Use this link to sign up and receive a $10 bonus.
Ideal For
- Investors are seeking trading bots, a variety of market tools, and a safe site.
Features
- Following their KuCoin Token (KCS) balance, users can also receive trading fee savings.
- KuCoin Trading Bots support the market, limit, stop-limit, and stop-market order types and invest automatically using Dollar-Cost Averaging (DCA).
- Earn interest from crypto staking of up to 10%.
- enables more than 600 cryptocurrencies
- Trading on margin
7. TradeSanta
You can build and manage your bots on the TradeSanta platform for automated cryptocurrency trading, all you have to do is connect your cryptocurrency exchange using API keys. It works with nine or more biggest deals, including Huobi, OKX, and Binance.
For bot developers, TradeSanta provides various resources, such as Bot Templates and a Demo Environment. Additionally, developers can earn money from their bots through Mirror Trading, which enables users to mimic the techniques of more seasoned investors or the Bot Marketplace.
TradeSanta provides leveraged trading for the spot and futures markets, two of the most well-liked markets. You can guarantee your money will never leave your exchange because TradeSanta synchronizes with your business using APIs and Two-Factor Authentication (2FA).
Cost
- Fees for trading: None
- Basic Plan: $15/month for up to 45 bots
- Advanced Plan ($27/month) for up to 99 bots
- Maximum Plan: $35/month for unlimited bots
- Welcome Bonus
- Plans are 20% off when you join up through this link.
Ideal For
- Investors seek the highest level of security, and bot creators seek to make money from their creations.
Features
- Trading with leverage (Spot and Futures trading)
- Mobile application accessible on iOS and Android
- Compatible with nine or more bitcoin exchanges
- Robotics market
- Inverse Trading
Read also:
Conclusion
It might be challenging to choose which trading bot is the best to employ or whether they are worthwhile given the wide range of possibilities now available. The hard work has been done for you by ECC, who tested a wide range of bots to compile a list of the top ones for Australians.
We also include several FREE trading bots near the top of our inventory, so you may test them out before deciding on a premium solution.
FAQS
What Is The Most Successful Crypto Trading Bot?
- Pionex.
- Shrimpy.
- Coinrule.
Can Australians Use Pionex?
Australians can use Pionex; that much is true. Australia-based cryptocurrency traders are not subject to any restrictions.
Does Coinspot Have Automated Trading?
An automated OTC service is offered by CoinSpot and is available around the clock. So you may get a price anytime, even after OTC consultants’ regular business hours.
How Much Money Can A Trading Bot Make?
CoinSpot offers an automated OTC service, and it is always open. As a result, you can request a price at any time, even during OTC consultants’ regular office hours.
You can learn more from the video below:
About Author
- I am a professional article and e-book writer with 4 years of experience, I write on well research content on cryptocurrency, stocks, loans and finances.
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