Best Binance Trading Bots for 2024

As the world’s largest cryptocurrency exchange, Binance offers traders unparalleled liquidity and a vast selection of trading pairs. However, the volatility and 24/7 nature of crypto markets can make it challenging for traders to stay on top of their positions and capitalize on every opportunity. This is where trading bots come in. 

Binance trading bots are software programs that automate the process of buying and selling cryptocurrencies based on predefined rules and strategies. They allow traders to take advantage of market movements around the clock without constantly monitoring charts. Below are some of the top Binance trading bots in 2024.

1. Dash 2 Trade – Overall Best Binance Trading Bot for 2024

Dash 2 Trade is our top pick for the best all-around Binance trading bot in 2024. This innovative platform offers a comprehensive suite of tools for creating, backtesting, and automating trading strategies. Dash 2 Trade’s intuitive drag-and-drop strategy builder requires no coding knowledge, making it accessible to traders of all skill levels.

Some of Dash 2 Trade’s key features include:

• Integration with all major exchanges including Binance, Coinbase, Kraken, and more 
• Real-time market data and trading signals powered by proprietary AI algorithms
• Social trading features to follow and copy successful strategies from other traders
• Advanced risk management tools like trailing stop losses and portfolio allocation
• Affordable pricing starting at just $19 per month

2. WienerAI – New Trading Bot Offering Token Swaps 

WienerAI is a relative newcomer to the Binance bot scene but has quickly made a name for itself with a unique token swapping feature. The bot allows users to automatically convert one token for another based on custom ratios and conditions. This is handy for traders looking to continuously cycle between positions to maximize returns.

The platform also has standard order types like stop loss, take profit and TWAP, plus useful additions like shadow trading to follow crypto whales. WienerAI offers a free 7-day trial and paid plans start at $39 per month, making it an attractive option for active Binance traders.

3. Learn2Trade – Trading Bot with 79%+ Success Rate

Learn2Trade isn’t just a crypto signals provider – they also offer a powerful Binance trading bot with a proven track record. The bot is based on Learn2Trade’s in-house trading strategies which have achieved a 79%+ success rate on average. 

Users can choose from three pre-built strategies – Scalper, Swing Trader, and Long Term Investor – or create their own rules using the Custom Strategy Builder. Learn2Trade’s bot is a great choice for traders who want to automate a consistently profitable strategy without the hassle of constant optimization.

4. Coinrule – Cost-Effective Binance Bots with High ROIs

Coinrule is one of the most cost-effective trading bot platforms for Binance users. The platform offers a full suite of trading automation tools with plans starting at just $29.99 per month. Despite its low cost, Coinrule doesn’t skimp on features. Users can access over 150 pre-built trading templates or create their own rules using boolean logic. 

Coinrule’s bots have generated ROIs of up to 1,600% according to their website, making it a compelling option for traders seeking outsized returns. The platform also offers a free plan for users trading under $3,000 per month.

5. Cryptohopper – Beginner-Friendly Bot Dashboard with Paper Trading

Cryptohopper is a popular choice among beginner Binance traders thanks to its user-friendly dashboard and paper trading feature. Paper trading allows users to test their bot strategies with simulated funds before risking real capital. This is a valuable tool for new traders still getting a feel for automation.

Cryptohopper offers a marketplace of proven bots from professional traders, as well as a strategy designer for creating custom bots. The platform also integrates with external signalers like TradingView for added flexibility. Plans start at $19 per month for the paper trader and $49 for live automated trading.

6. GoodCrypto – Automated Portfolio Management for Binance

While not a traditional trading bot, GoodCrypto is a valuable automation tool for Binance users. The platform offers AI-powered portfolio management, automatically rebalancing your holdings based on market conditions and risk tolerance. This hands-off approach is perfect for long-term investors seeking to optimize returns.

GoodCrypto’s AI considers factors like market sentiment, technical indicators, and portfolio correlations to dynamically adjust your allocations. The platform also offers a unique “Protect” feature which uses AI predictions to move your portfolio to cash during market crashes. Portfolio automation starts at $19.99 per month.

7. Bitsgap – Popular Grid Trading Bot for Consolidation Periods

Grid trading is a popular strategy for profiting from sideways markets, and Bitsgap offers one of the best grid bots for Binance. Grid bots place multiple buy and sell orders at set intervals above and below a set price. As the price fluctuates between these levels, the bot continuously profits from small movements.

Bitsgap’s grid bot is highly customizable, with options for grid size, order quantity, and more. The platform also offers standard features like portfolio tracking and arbitrage bots. Pricing starts at $19 per month with a 5-day free trial. 

8. WunderTrading – Automatically Deploy TradingView Signals

Many traders use TradingView’s charting and analysis tools to find trading ideas but lack a way to automatically execute them. Enter WunderTrading. This innovative platform allows users to convert any TradingView strategy into a live trading bot on Binance.

Simply set up your TradingView alerts and connect your WunderTrading account. The bot will automatically trade based on your preset criteria, with advanced features like trailing stops and DCA. WunderTrading offers a free plan for manual trading and paid plans from $9.99 per month for automation.

9. Kryll – Build Unique Trading Bots Without Coding

Kryll is a crypto trading bot platform that allows users to create complex automated strategies without writing a single line of code. Instead, Kryll uses a visual editor where users drag and drop pre-built strategy blocks to create their perfect bot.

The platform offers a wide range of building blocks, from basic order types to advanced technical indicators. Users can backtest their strategies and share them with the Kryll community. Like Dash 2 Trade, Kryll also offers social trading features to automatically copy top bots. Prices start at 1200 KRL per month (Kryll’s native token).

10. Botsfolio – Automated Rebalancing and Index Investing

Rounding out our list is Botsfolio, an automated portfolio management solution for Binance. Like GoodCrypto, Botsfolio offers AI-powered rebalancing to keep your portfolio aligned with your target allocations. However, Botsfolio specializes in index investing.

With Botsfolio, you can invest in pre-built index portfolios like the Top 10 Cryptos, DeFi Pulse Index, and more. The bot automatically rebalances your holdings to track the underlying index, making it an easy way to gain broad exposure to crypto. Botsfolio charges a flat 0.05% fee on your managed assets.

Also Read: Best Bitcoin Debit Cards for International Travel

When selecting a Binance trading bot, consider factors like ease of use, strategy options, backtesting capabilities, and of course, pricing. And also remember that bots are not foolproof money-making machines. They are simply tools to execute your trading plan. Automated trading is a powerful tool, but it’s not a replacement for human judgement and market understanding. The most successful bot traders combine automated execution with manual oversight and continuous learning.

 Frequently Asked Questions

Are Binance trading bots legal?

Yes, using trading bots on Binance is completely legal. Binance allows users to connect third-party trading bots via API and even offers its own official Binance Trading Bot. However, it’s important to only use reputable bot providers and to keep your API keys secure. Never share your Binance login credentials with any third party.

Can I use a Binance trading bot for free?

While most high-quality Binance bots charge a subscription fee, there are some free options available. Platforms like Coinrule and Cryptohopper offer limited free plans for traders with small account sizes. Other bots like Zenbot and Freqtrade are open-source and free to use, but require coding skills to set up. Keep in mind that free bots may lack certain features or reliability compared to paid options.

How much money do I need to start using a Binance trading bot?

The minimum amount required to trade with a Binance bot varies depending on the platform and your strategy. Some bots have minimum trade sizes as low as $10, while others may require a few hundred dollars to run effectively. In general, it’s recommended to start with at least $500 to $1000 to allow for proper position sizing and risk management. However, many bots offer paper trading accounts where you can test strategies with simulated funds before risking real money.

Can I use a Binance trading bot on my phone?

Yes, most Binance bot platforms offer mobile apps for iOS and Android devices. This allows you to monitor your bot’s performance, adjust settings, and even initiate manual trades on the go. However, keep in mind that bots run on cloud servers, so you don’t need to keep your phone or computer running for the bot to function.

How do I choose the best Binance trading bot for me?

The best Binance trading bot for you will depend on factors like your trading style, technical skills, and budget. If you’re a beginner, look for a bot with a user-friendly interface, educational resources, and strong customer support like Dash 2 Trade or Cryptohopper. If you’re an experienced trader, you may prefer a more customizable platform like 3Commas or Kryll. 

Consider what type of strategies you want to automate (e.g. scalping, grid trading, portfolio rebalancing) and look for bots that specialize in those areas. Take advantage of free trials when available to test out different options before committing to a paid subscription. And remember, no bot is a guarantee of profits. Always do your own research and never risk more than you can afford to lose.

What are the risks of using a Binance trading bot?

While trading bots can be powerful tools, they also come with risks. Some of the main risks to be aware of include:

• Security risks: Bots require access to your Binance API keys, which if compromised, could allow unauthorized access to your account. Only use reputable bot providers and never share your API keys with anyone.

• Market risks: No trading strategy is foolproof, and bots can generate losses as well as profits. Unexpected market movements or black swan events can cause bots to make bad trades. Always use stop losses and proper risk management.

• Technical risks: Bots rely on complex software and integrations which can be prone to glitches, bugs, or connectivity issues. These technical problems could lead to missed trades or unintended positions.

• Overconfidence: Bots can give traders a false sense of security and lead to over trading or excessive risk-taking. Remember that you are still responsible for the trades your bot makes. Stay engaged and don’t blindly trust automation.

The key to mitigating these risks is to thoroughly vet any bot provider, start with small position sizes, and continuously monitor and adjust your bot’s performance.