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If you're looking for the best free crypto trading bot on the market, it's possible you're thinking: "Well, I want to automate my cryptocurrency trading, but I wanna do that without spending my trading funds," right? Don't be surprised if I say you're not alone.

That's where free crypto trading bots come in, which are either built into popular exchanges like Bybit, Binance, KuCoin, and Huobi, or can be used by integrating external (so-called "third-party") apps into said exchanges.

However, with money on the line, there is still a lot of pressure around choosing the best free crypto trading bot for beginners. But fear not, I'll help you pick the option that suits your needs the best!

After digging deep into the crypto trading bot scene, I've found that the platforms that are practical, useful, and free (or free-ish) include:

So, without further ado, let's get to it!

Best Free Crypto Trading Bot: What is a Trading Bot?

Before jumping into the list of "the best free crypto trading bots", let's take a step back and talk about crypto bots overall. A crypto trading bot is a piece of software that automates your trading strategies, allowing you to buy and sell cryptocurrencies without manual intervention.

It's like having a personal assistant who knows exactly when to buy and sell your cryptocurrencies to maximize your profits and minimize your losses.

These trading bots are becoming more sophisticated every day, and you can now use them to trade any cryptocurrency asset, such as Ethereum, Dogecoin, Litecoin, and many others. And get this, more than half of all crypto trading is done through trading bots nowadays!

The main goal of using a crypto trading bot is to increase revenue as well as reduce losses and risks. Many are the utilities around crypto trading bots that help them achieve this goal.

Best free crypto trading bot: Bitcoin profit increase.

Firstly, bots help take fear and emotion out of the equation when trading. Human mistakes like misclicks are the first ones ruled out. Also, bots work around the clock, unlike human traders who need rest. Traders can program their bots to execute trades at any time, day or night, depending on how the market is moving. This means that you can be making money while you sleep!

Overall, trading bots simplify and automatize trading itself, as well as help to understand which strategies are better and when to use them. This enables users to tailor their whole trading experience, making it a walk in the park.

Do note that most platforms create bots with specific rules that dictate how the trades will be executed. However, usually, traders have the option to modify these rules to fit their goals.

Besides, a lot of platforms that have trading bots also offer a feature called backtesting. What is that? Well, basically, it lets you try out your custom bot to check how your trading strategy would perform. Thus, you can figure out if your strategy is good or if it needs some tweaking before you risk any real money.

Best free crypto trading bot: Robot.

However, while trading bots are great for automating trades and minimizing the risk of human error, they do have some drawbacks. For example, the algorithm of the trading bot might not always yield the results you thought it would. Besides that, for novice traders, the technical difficulty of setting them up and configuring them can be a substantial drawback as well.

Either way, using a crypto trading bot can be super helpful for anyone who wants to automate their trading game. Besides, no matter if you're a pro or a newbie, as long as you have a good strategy and a bot that matches your needs, you can definitely benefit from this type of automation.

And that's why I've got your back with a list of the best crypto trading bots free of charge (also known as open-source trading bots) that are easy to use. Plus, some of them even come with pre-built trading strategy templates to help reduce the risk of any errors.

Oleg Giberstein

Co-Founder and COO at Coinrule

What is the role of AI and machine learning algorithms in improving the performance of crypto trading bots?

AI and machine learning algorithms play a pivotal role in enhancing the performance of crypto trading bots by enabling them to analyze a vast amount of market datasets, identify patterns, and predict market trends more accurately and efficiently. These technologies allow bots to continuously learn from market behavior, improving their decision-making processes and strategy optimizations over time. Consequently, trading bots become more skilled at executing trades that maximize profits and minimize risks, adapting dynamically to changing market conditions.

1. Binance - 25% Off Trading Fees

Ranks #1 out of 8

It's safe to say that everyone has heard about Binance one way or another - after all, it is one of the leading crypto exchanges out there. Now, speaking of trading bots, Binance is a newcomer in this field, as it only launched its trading bots in May 2023. Either way, its bots manage to rank high as some of the best free crypto trading bots in the industry.

That's right, Binance's trading bots are free! Of course, you do have to cover the trading fees yourself. However, if you cover the trading fees using BNB, you'll get a 25% discount! Thus, if you not only want the best trading bot free of charge, but you also want a platform with low trading fees, Binance should definitely be one of your top choices.

So, what types of bots does Binance offer? Well, you have access to many different options - Spot and Futures Grid bots, the TWAP bot, the VP bot, the Rebalancing bot, and the Auto-Invest bot.

Best free crypto trading bot: Binance.

How do these bots differ? Spot Grid bot automatically buys low and sells high, while the Futures Grid bot allows you to automate your USD-M and COIN-M futures contracts. Now, the VP bot splits huge orders across a specific market volume ratio, while the TWAP bot splits huge orders into smaller ones.

Furthermore, the Rebalancing bot helps you to automatically rebalance your portfolio, which is especially great if you're holding long-term positions. Lastly, the Auto-Invest bot does exactly what its name suggests - makes auto investments based on a certain strategy. The Auto-Invest bot definitely is one of the best free crypto trading bots for beginners.

Now, keep in mind that all crypto assets supported by the exchange can be used with Binance trading bots. Additionally, you can program them to follow a variety of strategies, such as market-making, market-following, or trend-following.

All in all, Binance definitely deserves a spot on this "best free crypto trading bot" list, especially if you're searching for beginner-friendly bots.

Visit Binance
...or read our Binance review

2. KuCoin - Up to 10 Trading Bots at the Same Time

Ranks #2 out of 8

KuCoin's trading bots are an attractive option for those looking to trade cryptocurrencies with ease, ensuring traders that they're dealing with some of the best free crypto trading bots on the market.

What kind of bots does KuCoin offer? It has Spot and Futures Grid bots, the Smart Rebalance bot, the DCA bot, the Martingale bot, and the Infinity Grid bot. That's quite a lot, right?

So, what can you do with these bots? As usual, the Spot Grid bot allows you to automate the process of buying low and selling high, while the Future Grid bot helps you to automate the process of profiting from market trends through longing and shorting.

Then, there is the Martingale bot, which allows you to reduce volatility by buying in stages but then selling everything at once. As for the Smart Rebalance bot, it allows you to automatically rebalance your portfolio to minimize long-term holding risks.

Lastly, we have the Infinity Grid bot, which essentially is dubbed as the "bullish volatility killer," as well as the DCA bot, which will automate the process of profiting from regular investments. So, you see, KuCoin definitely has a huge variety of bots to choose from.

Best free crypto trading bot: KuCoin.

The bots themselves are, of course, free to use, so you only have to cover trading fees. Though, do note that trading fees for spot strategy trading bots are reduced, while those for futures trading bots remain the same as they usually are. It's also worth noting that users receive daily KCS rewards while running a trading bot.

On top of that, one of the benefits of KuCoins bots is that they operate on the cloud, which means you don't have to run the platform in the background for the trading to keep going. Besides, users can create up to 10 trading bots per account (though, you cannot create a trading bot with a sub-account).

Speaking of altering bot parameters, you can easily modify your bots by changing the investment amount, setting take-profit or stop-loss orders, and so on. However, you should note that KuCoin's trading bots are only available on its mobile app. So, to start using your trading bots, you first have to download the app. Once you do that, you'll see that the whole process of setting up a bot is pretty intuitive.

Overall, KuCoin's free crypto trading bots are a great option for those looking to save money while automatically building their funds.

Visit KuCoin
...or read our KuCoin review

3. Bybit - A Variety of Free Bots to Choose From

Ranks #3 out of 8

Bybit is one of the biggest derivates exchanges that also has a vast selection of free trading bots, making it one of the top contenders for those seeking the best free crypto trading bot platform.

To catch a glimpse of this selection, it offers Spot Grid Bots, Future Grid Bots, and DCA bots. And, yes, you can use these bots completely for free. The only thing you will have to pay is trading fees.

Now, let's look into Bybit's Spot Grid bot. The main goal of this bot is automatically buying low and selling high. This definitely saves you a lot of time as you don't have to constantly monitor the market yourself. As for the Futures Grid bot, it allows you to multiply your earning by up to 100x through automatic futures trading.

Lastly, we also have the DCA bot. DCA stands for "Dollar Cost Averaging," which involves purchasing a fixed amount of a particular cryptocurrency frequently, rather than timing one large purchase.

Best free crypto trading bot: Bybit.

One of the main benefits of Bybit's DCA bot is the reduction of volatility. It helps to reduce risk to the portfolio by ensuring trading decisions are made without emotional bias. Besides, DCA bots also give users the flexibility of setting custom frequency and amount of their trades.

Overall, Bybit definitely offers one of the best free crypto trading bots for beginners because the process of creating a bot is very easy. For example, when creating a Spot Grid bot, you just have to select a spot trading pair, as well as set the price range and the number of grids.

However, if this still seems a bit too complicated for you, there's also the Auto Fill feature, which automatically enters intelligent parameter suggestions based on a coin's history data. To add to that, Bybit has a great bot management system. So, if you create more than one grid bot, you don't have to worry about getting confused, as you'll find all your bots on the "My Grid Bots" page.

To wrap up, Bybit’s free crypto trading bots are a great tool for traders looking to simplify and automate their trading strategies. Whether you are a beginner or an advanced trader, Bybit’s bots will help you maximize your profits with minimal effort!

Visit Bybit
...or read our Bybit review

Compare Crypto Exchanges Side by Side With Others

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Compare Crypto Exchanges Side by Side With Others

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4. Huobi - Bot Contests for a Great Backtesting Experience

Ranks #4 out of 8

Huobi is one of the pioneering crypto exchanges that was launched in 2013. Throughout the years, it presented users with many features, including trading bots. The best part is that these bots are free of charge, which makes Huobi one of the best free crypto trading bot platforms out there.

The most popular type of bots Huobi offers is the Spot Grid trading bots. Such bots are a great tool for lowering crypto holding expenses. They buy gradually when the market declines and automatically sell as it begins to rise.

The buy and sell orders are placed at regular intervals to form a grid of orders. This is a common trading strategy that involves dividing your investment amount into smaller sections. In a market with a limited range, this tactic is utilized to purchase low and sell high, giving consumers constant earnings at low risk.

However, it also offers the Martingale bot, which automatically buys in batches and then sells in bulk. Besides that, it will soon launch the Infinity Grid bot, which will allow you to earn profit from crypto market fluctuations while holding your assets.

Best free crypto trading bot: Huobi.

Now, you can customize your Grid trading bots to fit your needs by adjusting such parameters as the higher and lower price boundaries, the number of grids, the ratio, and the price spread between each grid. You can also select a trigger, a stop loss or take profit price, and the bot will automatically execute orders when the stated price level is reached.

Additionally, Huobi's trading bot parameter adjustment tool even enables users to change the grid plan's maximum and lowest prices mid-trade, guaranteeing that their strategy is constantly active and profitable.

And check this out: from time to time, the platform throws contest-like events and rewards trader-created bots that do good under specified parameters. This is great for a sense of community and doubles as a feature that can hype the traders once in a while.

To sum up, Huobi's free trading bots are an excellent option for anyone who wants to automate their crypto trading strategies without having to pay for expensive tools. With its intuitive interface, this platform is suitable for users of all experience levels.

Visit Huobi
...or read our Huobi review

5. Pionex - Innovative Liquidity

Ranks #5 out of 8

Pionex is a cryptocurrency exchange that offers its users a range of automated trading bots for free, yielding an easy position in this best free crypto trading bot platform rank. Pionex's bots can help you automate your investment strategy, saving you time and effort.

The best part about Pionex is that it doesn't charge a monthly fee for its bots. Instead, it only charges a low trading fee of 0.05% for makers and takers. That’s important to note since, when searching for “best crypto trading bot free”, you’ll probably still end up seeing something related to fees, one way or the other.

Now, what kind of bots does it offer? For one, it offers the popular Grid bot, which uses a powerful trading strategy that profits from fluctuating markets. All you need to do is set a price range, and the bot will buy low and sell high within that range on your behalf.

Moreover, Pionex offers bots like the DCA bot, which uses the Dollar-Cost Averaging tactic to invest in the crypto market, as well as the Trailing Take Profit bot, which is great for scalping due to the volatility of the cryptocurrency market.

Best free crypto trading bot: Pionex.

Besides that, it also provides traders with the Rebalancing bot, which helps to rebalance your crypto portfolio, as well as the Smart Trade bot. Though it doesn't end here, Pionex has 16 built-in trading bots, which surely is a lot!

What's also worth noting is that Pionex has an innovative liquidity engine that aggregates liquidity from both Binance and Huobi, making it one of the first exchanges to do so. While it can't aggregate 100% of the orders from these exchanges, it can aggregate up to 60%, which is enough for users to use the automated trading bots on Pionex.

All in all, Pionex is a great option for anyone looking to get started with automated trading bots. Besides, the platform pops up often when one’s searching what is the best free crypto trading bot for beginners, as well.

Consider its in-built crypto trading bots and low trading fees, add the aggregated liquidity from its engine on top of that, and there you have it – a platform that is rising in popularity among users who want to try their hand at automated trading.

Visit Pionex

6. Trality - Create Your Own Bot

Ranks #6 out of 8

Trality is an emerging platform that aims to offer the best free crypto trading bots in the long run. To be more precise, it is a cloud-based platform that allows users to develop trading bots and then rent them or sell them on Trality's Marketplace.

Now, I understand that creating your own trading bot might seem a bit scary if you're a beginner. However, Trality offers two types of crypto bot creation interfaces - the Rule Builder and the Code Editor.

The Rule Builder is a drag-and-drop interface that makes it simple for beginners to create automated scripts and logic for their bot. The Code Editor, in contrast, is made for Python programmers to develop original algorithms for more sophisticated trading bots.

So, once you create a trading bot, you can either sell it on the trading bot Marketplace offered by the platform or monetize your bot and rent it to others in order to receive constant passive income.

Best free crypto trading bot: Trality.

So, what about the pricing? Well, Trality has both - the free plan and paid plans that go up to $59.99/month.

Trality's free plan allows traders to create one bot, rent one virtual bot, and perform unlimited backtests. The latter gives them the opportunity to test their strategies and fine-tune their bots before going live with their trades.

Additionally, Trality also offers log retention for up to one week, which can be helpful for traders who want to analyze their trading activity and identify areas for improvement.

So, Trality's free trading bot plan is a good choice for newbies who want to try creating their own bots, renting them, or testing them out. Besides, the platform has an extensive collection of educational resources that users can access for free.

Overall, if you're looking for the best free crypto trading bot, Trality is worth considering.

7. 3commas - Compatibility Done Right

Ranks #7 out of 8

You most likely stumbled upon 3commas when searching for something like "What is the best free crypto trading bot?". This is because its suite of free trading bots is pretty broad, aiding traders to navigate even the most challenging market conditions.

First things first, all of its plans are commission-free with no hidden charges, making it easy for traders to get started without any additional costs.

Its free plan has a range of powerful tools, including one Grid bot, one DCA bot (for one single spot trading pair), one HODL bot, one Options bot, and one Active SmartTrade. Plus, you have access to its unlimited Scalper Terminal and more than 20 other trading features.

If we looked a bit more broadly, though, simple bots and composite bots are the two major types of bots that 3Commas offers. While composite bots combine various trading techniques into a single bot, simple bots let traders repeat transactions on a single pair.

Besides, to build their own trading methods, traders can select from more than 30 indicators and 90 candle patterns, or they can purchase pre-made ones from the market.

Best free crypto trading bot: 3Commas.

Now, in addition to its trading bots, 3Commas also offers a range of other trading tools to help you optimize your investments and offer a fully automatized experience with custom parameters.

For instance, its Terminal feature allows traders to set trades in advance based on specified triggers, while its portfolio management tool lets you keep track of all of your investments in one place.

The Smart Trade feature, which provides a variety of customized choices for manual trading, is one of the standout features of 3Commas, though. It allows users to utilize TradingView charts and indicators, along with multiple sell targets, as well as concurrent take-profit and stop-loss orders.

Plus, the platform is compatible with more than 16 popular exchanges, including Binance, Coinbase, Kraken, Bitfinex, KuCoin, and so on. So, you'll probably be able to use it on your favorite exchange.

Now, while the free 3Commas plan has limitations, it still provides a great starting point for those who want to dip their toes into automated trading. Speaking of paid plans, they offer more advanced features and capabilities, making it a scalable solution for both novice and experienced traders. The paid plans go up to $99/per month.

Overall, 3Commas is a great option for anyone looking to leverage the power of automated trading through free or paid trading bots.

8. CryptoHopper - Free Automated and Semi-Automated Bots

Ranks #8 out of 8

CryptoHopper is a crypto trading platform that can surely be considered when thinking about the best free crypto trading bots. After all, it does have a good range of automated and semi-automated tools for trading. This is what sets it apart from other similar trading platforms.

Along with the typical crypto trading bots, CryptoHopper also provides paper trading, which enables them to perform technical analysis on their own methods and judgments without having to risk any money.

Copy trading is another feature offered by CryptoHopper's trading bots, which enables users to view transactions made by other traders and then take investment advice from their automated trading tactics.

Additionally, users are able to spot trading trends and place trades accordingly, thanks to the bot's support for and recognition of candlestick patterns. Besides, to avert unforeseen losses or make up for prior ones, you can utilize the DCA functionality.

Best free crypto trading bot: CryptoHopper.

Now, the icing on the cake is CryptoHopper's free plan, which includes unlimited copy trading bots and portfolio management. Traders can also make free manual trades on all supported exchanges with this plan.

For those who want more advanced features, CryptoHopper also offers a 7-day free trial of its Explorer plan, which provides them with access to 80 open positions per exchange, 10-minute strategy interval checks, and the ability to scan markets with the power of 15 bots.

Besides that, with this plan, traders also get 2 event-based triggers, backtesting, and the strategy designer, allowing them to design and test their trading methods.

Now, CryptoHopper also provides a marketplace where users can access templates, strategies, and signals to optimize their trading experience. The templates come fully pre-configured with all the necessary settings for a particular trading bot. Meanwhile, the strategies are a mix of several technical indicators carefully selected by a strategist.

All in all, CryptoHopper is undoubtedly a good alternative for traders looking for the best free crypto trading bot for beginners. With its user-friendly interface, a wide range of trading tools, as well as the free plan and free trial, CryptoHopper is a great option for traders who want to hop between automatic and semi-automatic trading.

Conclusions

In conclusion, automating cryptocurrency trading with the best free crypto trading bot has never been easier. Using a trading bot not only reduces human error and the risk of loss but also enables traders to make money around the clock.

To break it out for you, I have compiled a list of the top 8 best free crypto trading bots out there, including those provided by Bybit, Binance, and KuCoin. Each of these bots has its own unique features, and some even offer pre-built trading strategy templates.

Though, do keep in mind that trading bots have their drawbacks as well. For one, the learning curve of setting them up and maintaining them is pretty steep. Besides that, the algorithm might not always work the way you planned for it to work. So, you still should be alert when using trading bots and don't rely on them blindly.

Now, what are you waiting for? Try out one of these best crypto trading bots, free of charge, and take your trading game to the next level!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

About Article's Experts & Analysts

By Oleg Giberstein

Co-Founder and COO at Coinrule

Oleg Giberstein is the co-founder and COO of Coinrule, a Y Combinator-backed platform that simplifies automated cryptocurrency trading on crypto exchange platforms for retail investors. Holding an MPhil degree from the University of Oxford, he gai...

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S. , Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
Oleg Giberstein , Co-Founder and COO at Coinrule
Oleg Giberstein is the co-founder and COO of Coinrule, a Y Combinator-backed platform that simplifies automated cryptocurrency trading on crypto exchange platforms for retail investors. Holding an MPhil degree from the University of Oxford, he gained experience in banking and risk roles at Citigroup before diving into the blockchain world. Passionate about technology, Oleg has played an active role in DeFi, Web3, and DAOs like OrangeDAO, contributing to the future of digital assets.

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Recent Best Free Crypto Trading Bot User Reviews

F. Lutz

5.0/5.0 - Binance User
17/06/2024

Huge platform

Binance has hundreds of cryptos to choose from, that sealed the deal for me. All in one place, just have to put in the effort to resaerch before investing.

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Boyer_man

4.8/5.0 - Binance User
04/05/2024

new user

Transfered from revolut and the Binance exchange interface seemed too complicated at first. Took quite some time to figure out the navigation learn to read charts. Maybe i'm just a slow learner and had very limited time to do the research. Wish there was more time in a day - could have become a billionaire:D

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RJ

4.8/5.0 - Binance User
25/05/2024

Almost perfect!

Overall great platform! I would even say perfect aside from the hassle with depositing funds. I wish they made some changes and improved customer experience in that sense.

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thymy.jaime

5.0/5.0 - Bybit User
22/04/2024

Good reputation

A company with a good reputation, and quality customer service though might be strict sometimes

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Marsha Castillo

5.0/5.0 - Bybit User
15/04/2024

gooooood

👍

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J Weaver

5.0/5.0 - Binance User
03/05/2024

gained knowledge

turns out i didnt know what half of the intriquet things on the platform do:)) thanks for the detailed guide i didnt know i needed until now! hope my trading game will improve with this new knowledge

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Ramone Preston

4.0/5.0 - Bybit User
10/04/2024

Wonderful platform

Wonderful platform, but the support is failed and despicable, there is no response at all

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csharpmeercat94

5.0/5.0 - Huobi User
04/05/2024

love it.

tons of trading options and low fees. definitely my go-to platform.

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Linzi Dawson

5.0/5.0 - Huobi User
27/06/2024

All I need

The functions are enough for my current needs..A very good Bitcoin trading platform!

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Koby Montgomery

5.0/5.0 - Binance User
01/05/2024

Great for users of all levels

I would agree that it can be harder for newbies in the crypto exchange world to use the platform, but it shouldn't be a reason to avoid Binance altogether. Fell free to follow this Binance review or any other guide to help you through the learning process. Start small and work your way up, keep up with the reasearch. It is a good place for people of all levels.

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RAUL

4.8/5.0 - Bybit User
09/06/2024

VERY NICE

BUT NO 5 STARS CUZ NO ONE IS RLY PERFECT

Evaluation

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Jaeger

4.2/5.0 - Huobi User
04/04/2024

ads issue…

Been using for a while. So far so good. Sometimes the popup ads get stucked which is annoying, have to restart the app

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Shana Thomson

5.0/5.0 - Binance User
13/04/2024

Waiting for my prizes

Have been actively trading for few years now and think that i should be eligible for prizes. I know people who have won free crypto. Still waiting for my turn, BINANCE! :))

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wholecole

5.0/5.0 - Bybit User
13/04/2024

fast

Deposit and withdrawal are processed very fast

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Jo Hawkins

5.0/5.0 - Huobi User
18/05/2024

Excellent!

Excellent job, this review is a must-read for anyone looking for on-point info on Huobi!

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MuAddict

4.0/5.0 - Huobi User
15/04/2024

Good content

The content of article is amazing

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alliza

5.0/5.0 - Huobi User
14/04/2024

Enjoyed reading

Nice review

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Margot234

4.8/5.0 - Binance User
01/07/2024

Low fees

I was very happy with the low trading fees and security they offer, but still feel that more info could be provided for beginner traders

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Z Talley

4.8/5.0 - KuCoin User
19/05/2024

Trouble with fiat

Just like on some other platforms i had trouble verifying fiat deposits, fortunately customer service help me with this issue in a timeley manner

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Wasim Rigby

5.0/5.0 - Huobi User
03/06/2024

Great app

Great but too many notifications. This only started happening recently was fine before a few weeks ago.

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FAQ

Do free crypto trading bots require any coding experience?

While some trading bots may require coding experience, many free crypto trading bots offer user-friendly interfaces that do not require any coding knowledge. Besides, popular platforms like Huobi and KuCoin often provide templates and pre-built strategies that can be easily customized by users. However, do keep in mind that there is still quite a steep learning curve when it comes to trading bots. Thus, it would be wise to understand how trading bots work before jumping into the trading itself. Luckily, platforms like Binance, for example, have quite a good amount of educational information about trading bots.

Are the best free crypto trading bots safe?

The safety of free crypto trading bots depends on the platform or software that is being used. While some bots are reputable and secure, others may pose a risk to users. Therefore, it's important to thoroughly research and review any free crypto trading bot before using it. I recommend checking out renowned platforms like Bybit, KuCoin, Binance, or Huobi. These crypto exchanges are known to employ strong security measures when it comes to trading overall. Thus, there's no doubt that they impose the same security measures on their trading bots.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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