21 Best Crypto Grid Trading Bots to Use in 2023 (Updated)

Cryptocurrency prices can rapidly swing in one direction or the other, and it can be difficult for traders to react immediately when a price is at its most advantageous. Any delay in executing a transaction can create a turn for the worse. You can't effectively monitor every market and crypto exchange on a 24/7 basis for the best trading results. 

However, modern technology has facilitated the creation of automated cryptocurrency trading bots that can trade and execute various transactions for you. One type of cryptocurrency trading bot that you can use when completing trades is a grid trading bot. This guide takes an in-depth look at the best crypto grid trading bots on the market.

What Are Crypto Grid Trading Bots?

Crypto grid trading bots are automated programs designed to use the grid trading strategy, which involves buying low and selling high. If the price of crypto drops below a set limit, sell orders will no longer be executed.

These crypto bots use an extensive price grid of different orders to ensure that orders are properly placed. The grid consists of orders situated at incrementally decreasing and increasing prices.

As an example, you can choose to set buy order limits at every $250 below the ETH market price, and sell order limits at $250 above ETH's existing price. The crypto bot will make purchases whenever the price drops $250. An additional order will be made if the price continues to drop by another $250. Sell orders will also be made at $250 intervals.

The main purpose of this automated trading strategy is to make numerous buy and sell orders at preset prices. This particular strategy is easy to automate and is thus commonly used for crypto trading. If used correctly, the grid trading strategy allows you to make money when an asset’s price changes. The main downside to this strategy is that profits will be lower, with higher trading frequencies.

Standard crypto trading bots focus on making trades at specific times of the day, or copy the trading moves that other traders are making. However, the grid trading strategy has proven to be the most effective. Because of the volatility of cryptocurrency prices, setting a price range for buy and sell orders can help maximize profits.

How Do Crypto Grid Trading Bots Work?

With crypto grid trading bots, you can create numerous buy and sell orders at different prices, which results in a trading grid of various orders to be made. In the event that the spot price reaches your set target, an initial buy order is executed. A sell order is then positioned above the buy price on the next grid. If the price eventually increases and reaches the next grid, the sell order is executed, which means that you profit from any price difference.

To gain a better understanding of how the crypto grid trading strategy works, let's look at an example. Let’s take a spot pair of BTC and USDT as the focus of the strategy, with an existing market price around 54,000 USDT. The crypto investor could choose to set an upper price limit of 65,000 USDT and a lower price limit of 45,000 USDT. The number of grids could equate to five, with intervals every 4,000 USDT. In this scenario, the investor may set their total investment at $23,610 USDT.

With these parameters in place, the crypto grid trading bot calculates the amount of the primary token that's needed for an order to be placed. The bot will immediately buy the necessary amount of the base token through market orders. 

If this strategy takes place during a volatile market, a buy order will first be executed when the price of BTC reaches 53,000 USDT. The sell order of 57,000 USDT is positioned above the very next grid. Once the price goes higher than 57,000 USDT, the first sell order that was made will be executed. After the sell order is executed, another buy order will be placed at 53,000 USDT. This is the basis of a grid trade, which means that traders should automatically profit as long as the price of the crypto increases.

Benefits of Using Crypto Grid Trading Bots

Using a crypto grid trading bot has numerous advantages for any crypto trader, involving everything from a high level of automation to the ability to increase risk management.

High Level of Automation

Crypto grid trading bots have a considerable amount of automation. The grid trading strategy is a simple and logical technique, which is why it's easy for automated trading bots to perform tasks that don't pertain to market trends or sentiment. Once you've input a small amount of information, the grid trading bot you use efficiently performs on the trading platform according to your strategy, much more quickly than with manual trading.

Customizable and Simple to Use

Crypto grid trading bots are easy to use and highly customizable. Once you’ve selected a trading bot and signed up for the service in question, you'll be able to set your initial parameters. These typically involve the lower and upper pricing limits, as well as the number of orders that the bot can make within the set price range.

Provides Liquidity

By using crypto grid trading bots, you'll be providing the exchange with liquidity. When buy and sell orders are first placed, the exchange's market liquidity increases. Liquidity can be provided with a specific currency by implementing a bid-and-ask limit order on a specific exchange.

The types of markets that benefit most from this strategy are relatively illiquid ones. These markets tend to come with sizable, frequent price spikes. The bot that you use will provide the exchange with liquidity every time buy and sell orders are placed. Some of the liquidity will be converted into profit for you.

Versatility

It's possible for crypto grid trading bots to be used across practically any market. Their versatility means that utilizing the grid trading strategy on one market allows you to transfer this knowledge to another market, instead of needing to alter strategies. Crypto grid trading bots can perform profitable trades in a predetermined and nonsubjective manner.

There are also many methods you can use to configure the automated trading bot and set price ranges. The total number of grids you implement gives you the opportunity to determine what the period and frequency of trades will be. For instance, you can program these bots to perform numerous trades in a shorter period of time, or only a few trades over a longer period of time.

Increases Risk Management

Crypto grid trading bots can help you perform risk management, since your configurations will directly affect your profitability. You have full control over the risk-reward ratio that you take on. For example, you may be able to obtain small but consistent profits by trading with stablecoin pairs.

On the other hand, you could increase your risk as well as the potential for high returns by trading coins that have high volatility and a low market cap. Since the trading bot can be adjusted to fit your level of risk, your risk management skills are effectively strengthened.

Best Crypto Grid Trading Bots

While there are dozens of crypto grid trading bots you can apply to your strategy, the following section gives a detailed rundown of 21 of the top crypto grid trading bots at your disposal.

Bybit Grid Bots

Bybit Grid Bots were designed specifically for the Bybit exchange, which makes this the ideal bot to use if you're already familiar with Bybit and all that it has to offer. This trading bot is completely free to use, and you can make one from Bybit’s desktop version or mobile App.

This particular bot was created by Bybit to help crypto investors trade BTC, as well as numerous other cryptos, in a manner that helps to increase revenue and lower the losses incurred. Like other top crypto grid trading bots, Bybit’s grid bots will effectively make trades for you once you've input trading parameters for them to adhere to.

When you use Bybit Grid Bots, you'll benefit from the competitive trading fees that Bybit charges. The fee structure for trades is the same as the one with Bybit's Spot platform — 0.10%.

One notable feature of Bybit’s grid trading bots is that you can share them with family or friends. This feature also lets you copy grid bots that are shared by expert traders, allowing beginners to execute trades like experts without having to go through the effort of learning how to do so. It's also easy to delete any unwanted grid bots by going to the My Grid Bots page.

Another important consideration is Bybit’s 24/7 live customer support. If you encounter any problems with using the platform, you can be sure that the team is always ready to offer assistance immediately. 

Kryll

Kryll is a powerful no-code crypto trading bot creation platform that provides an innovative way for users to navigate the cryptocurrency market. The platform offers a centralized and free portfolio manager,  an advanced no-code strategy editor, a trading terminal for executing intelligent trades and a Marketplace for renting and reviewing community-built trading algorithms.

Kryll supports seamless integration with popular exchanges like Bybit Spot & Bybit Futures, Binance, Coinbase and Kucoin, enabling users to manage their portfolio or focus on a single chosen crypto coin. 

With Kryll, users can easily build, test and execute automated trading strategies to optimize their investments, even without coding skills. Since 2018, Kryll's community has built and refined a diverse range of algorithms tailored to various trading styles and market conditions, ensuring access to the most effective strategies on the Marketplace. Indeed, Kryll provides for free one of the most advanced backtesting tools on the market, allowing users to thoroughly test their strategies against historical market data before deploying them live. The platform provides more than five years of historical data on one-minute candles, enabling algo-traders to create and test their bots with precision and accuracy. Kryll also provides an integration with third-party services such as TradingView Alerts and PineScript Signals through Webhooks making it the go-to platform for anyone looking to create simple or complex trading strategies.

Kryll allows users to start trading with a minimum amount as low as $5 for leveraged strategies and recommends a minimum of $200 for spot trading to ensure proper money management of their trading strategies. 

Trading the native ERC-20 Kryll's KRL token (listed on Bybit) is free on Kryll. For other tokens, Kryll charges a daily fee of 0.033%, payable in KRL, which users can reduce by up to 95% by holding a certain number of KRL tokens in their account.

Some of Kryll's pros include:

• Free and unlimited portfolio management tools
• User-friendly and intuitive interface
• Powerful trading terminal 
• Cutting-hedge no-code Bot Editor 
• Multi-timeframe & behavioral bots capabilities
• Transparent and impartial trading strategies marketplace 
• Free and unlimited trading robots creation and backtesting
• Consumption-based pricing model for live trading only
• Availability of mobile applications for iOS and Android
• Advanced Tradingview/PineScript & external signals integration through Webhooks

Pionex

Pionex is a popular crypto exchange that comes with trading bots. While you can pay to gain extra trading bots, all users are given free access to 12 separate trading bots. These bots help you save time by automating your grid trading strategy. If you make a large number of trades, Pionex may be a good option for you.

Pionex uses a standard maker/taker fee schedule of 0.05%, which means that you only need to pay when the trades you've placed "make" liquidity. If your trade isn't directly matched by an order that's already on the books, you need to pay the maker fee. In the event that the order is matched, you're required to provide the taker fee.

Napbots

Napbots provides users with crypto grid trading bots, as well as a dashboard from which to monitor everything. Napbots’ trading bots are designed with artificial intelligence (AI) and machine learning technologies. You also have access to numerous trading strategies, and can select crypto grid trading bots or implement multiple strategies at the same time.

A clear advantage of using Napbots is their customer support. Along with comprehensive education guides and tutorials, they also provide users with one-on-one support. If your trading budget is less than $200, you can use their trading bots for free. After the first $200, your fee will be $2 a month for every $100 in trades, with a maximum monthly fee of $500. A 15-day free trial is available.

Binance Grid Trading Bot

Binance offers free trading bots to crypto investors, currently supporting more than 600 different cryptocurrencies. Creating an account on Binance is as simple as verifying your identity and adding funds.

Keep in mind that the crypto grid trading bots offered by Binance are for both the spot and futures exchanges, so make sure that you’re on the right exchange before proceeding to use your trading bot. While using grid trading bots for futures trading can be convenient and effective, it's also risky, since your funds could potentially be liquidated. As such, the Binance futures grid trading bot is best used by experienced traders.

Coinrule

Coinrule comes with extensive trading strategies to take advantage of. When using Coinrule’s crypto grid trading bots, you can customize your investment portfolio with over 150 different templates that will be executed immediately once market conditions reach set parameters. New templates are added to the platform on a regular basis, which include everything from stop-loss settings to long-term holding strategies.

Coinrule offers both free and paid plans. The plan you choose determines how many templates you receive. Their paid plan also comes with unlimited template use, one-on-one grid trading tutorials and charting options, while the free plan only includes seven template strategies.

Bitsgap

Bitsgap is an advanced grid bot that can be connected to dozens of different crypto exchanges. It has three paid plans that you can subscribe to — Basic, Advanced and Pro — priced at $24, $57 and $123, respectively. Depending on the plan you choose, you'll be able to maintain anywhere from two to 20 active grid bots at the same time.

If you're unsure if Bitsgap is worth the money, you can opt for the free 7-day trial to determine if this grid trading bot is right for you. Along with providing preconfigured trading bots, you'll also be able to track and manage your portfolio. The main issue with Bitsgap is that it's web-based only, with no mobile app.

TradeSanta

TradeSanta is a relatively unique trading bot that's entirely cloud-based, intended to reduce the amount of time it takes to perform trades. The bots are easy to create, and can be used on many different crypto exchanges. With TradeSanta, you can create an unlimited number of bots, which is its most notable advantage. It supports the majority of exchanges, including Bybit. The three packages you can select from are priced at $15, $27 and $35 per month. The Basic package grants you access to 49 bots, the Advanced package 99 bots and the Maximum package an unlimited number of bots.

Quadency

Quadency is a useful grid trading bot that's designed to be effective for beginners. Creating an account with Quadency is completely free. Once you do, you gain access to the majority of their trading features. Like many bots on this list, Quadency trading bots can be taken to most cryptocurrency exchanges. The features you receive when using Quadency depend on the plan you sign up for.

There are a total of five tiered plans you can select from. The tier you gain access to depends on either the amount of QUAD you hold, or the monetary amount of trades you perform monthly. For instance, if you hold less than $100 in QUAD or trade less than $10,000 per month, you'll be given access to the Tier 1 plan, which allows you to maintain 10 live grid bots with a 0.10% bot trading fee. Higher-tiered plans come with lower bot trading fees and more trading bots.

3Commas

The 3Commas crypto trading bot platform allows you to create a trading strategy based on more than 20 trading indicators. It also provides users with extensive educational materials to help lower risks, and perform buy and sell orders in a timely manner.

The 3Commas crypto trading bot will send you notifications via browser, email or mobile app whenever a deal is made. You can access their mobile app on Android or iOS devices. Their plans are separated into starter, advanced and pro plans, priced at $14.50, $24.50 or $49.50 per month, respectively, paid annually. If you’re just looking to try out their service, you can enjoy access to one grid trading bot under 3Commas’ Free plan. 

Altrady Grid Trading Bot

The Altrady grid trading bot is relatively new. Users can perform transactions on nearly every crypto exchange, and are given access to an automated fund manager that tracks BTC flows across numerous exchange wallets.

A free dashboard is also available for monitoring of all exchanges where these bots are placed. Your entire business activity can be viewed from a single screen. There are three separate plans with Altrady, priced at $25, $45 and $80 per month. Purchasing the annual plan provides you with a 30% discount.

The basic plan allows you to use one signal bot and one grid bot. If you buy the premium plan, you can use 25 of any bot types at the same time. If you want to find out what Altrady has to offer, a 14-day free trial is available.

KuCoin

KuCoin’s crypto exchange offers crypto grid trading bots, featuring numerous trading pairings as well as an advanced API that facilitates secure and automated trading strategies. The fees amount to 0.10% for the maker and taker. You can create five different types of crypto grid trading bots with KuCoin, which include everything from a futures grid bot to a spot grid bot. KuCoin’s trading bots are free to use.

Gate.io

Gate.io is a unique crypto exchange that accommodates U.S. customers. Even though Gate.io has existed since 2013, they’ve only recently added grid bot trading. The main benefit of using Gate.io is that you don't need to connect with an API, and can instead perform trades directly on the Gate.io platform. This particular trading bot is free to use.

BitUniverse

BitUniverse is a trading bot that's entirely free to use, and offers numerous types of grid bots. Some top features available with BitUniverse include:

• Margin grid bot

• Leveraged grid bot

• Manual grid setting

• Stop-loss feature

• Ability to auto-set your grid

BitUniverse can be connected to every popular exchange, including Bybit, via a standard API key.

CryptoHopper

CryptoHopper’s trading is hosted completely on the cloud, ensuring that the platform doesn't experience any periods of downtime. Server updates can also be made without your trades being interrupted so you can take advantage of grid bot strategies. This bot is free, works with most exchanges and doesn't require installation.

HodlBot

HodlBot is user-friendly, helping you manage trades from a sleek dashboard. This software supports more than 350 different coins, and is best for traders with smaller account sizes. The basic plan, which supports traders with accounts under $500, costs $3 per month. For those with account values between $500 and $1,000, it costs $6 per month, while the third plan, at $14 a month, is for accounts above $1,000. You can try this grid trading bot for free for seven days. Currently, Binance is the only exchange that HodlBot supports.

Trality

Trality is a powerful grid trading bot platform that allows users to make creative and detailed algorithms to support their trading strategies. If you know how to code trading algorithms, you can take advantage of a feature known as Rule Builder, a user interface that makes it easy for you to build the logic for your trading bot by dragging and dropping different strategies and indicators.

For users who have knowledge of Python coding, the Code Editor feature gives developers the opportunity to make even more advanced strategies. Their free plan allows you to create a single grid bot., with three additional plans priced at $10, $40 and $60 per month. Depending on the plan you choose, you'll gain support for anywhere from two to 10 active grid bots at a time.

Coinmama

Coinmama is a crypto exchange that doesn't necessarily host its own bot. Instead, this platform provides users with the opportunity to be connected to an external bot for free, which is great for anyone who wants to try a trading bot before committing to a paid subscription. However, it isn't as feature-intensive as other crypto grid trading bots, such as those on Bybit.

WunderTrading

WunderTrading is a comprehensive platform for automated trading that also offers extensive portfolio management and mirror trading tools. You can develop autonomous trading bots with the TradingView Pine Script™ feature. WunderTrading offers swing-trade and trailing-stop functionality. The more advanced features include take-profit and stop-loss strategies.

Different technical indicators and trading algorithms can be placed into your grid bots with TradingView integration. If you connect this bot to different exchanges, you can monitor these exchanges from a single dashboard available through WunderTrading. Any trades you perform can be replicated across every account of yours with the click of a button.

Along with a free plan that provides access to two crypto grid trading bots, there are three paid plans you can select from, priced at $10, $25 and $45 per month. The most expensive plan supports an unlimited number of active trading bots.

Axion Crypto

Axion Crypto is a simple yet powerful trading bot that's designed to help people quickly develop more complex algorithms and trading indicators that can be used when making a grid bot. The bots you make with Axion Crypto are supported across numerous exchanges.

You can also make your own trading strategies with Axion’s code editor feature. Pricing for plans ranges from $17.50 to $105 per month. The main downside to Axion Crypto is that it doesn't simply offer grid trading bots with no other features included, which means you may need to pay for capabilities you'll never use.

Bot The Moon

Bot The Moon is an easy-to-use trading platform powered by AI technology. Users can utilize its crypto trading bots integrated with an advanced dashboard to monitor real-time data. Traders can customize and create an unlimited number of trading bots that are compatible with many exchanges including Bybit. The bot is founded by a team of professionals who are well-versed in the trading ecosystem, thus you can rest assured that the configurations are constantly optimized and evolved based on the trend. With Bot The Moon, you can also create ad-hoc algorithms to stay on top of the trading game.

Are Crypto Grid Trading Bots Worth Trying?

Crypto grid trading bots are highly useful for beginners and experienced traders alike. While there are other types of trading bots you can use, the logical nature of the grid trading strategy makes it easy for crypto grid trading bots to perform automated trading without issues. Bybit is the overall best platform to use if you're looking to try out a grid trading bot.

Since Bybit trading bots are free to use, you don't need to pay before deciding if the platform and trading strategy are right for you. Bybit allows you to share the trading bots that you make with friends and family. As mentioned, you can also use Copy Trading to use trading bots that have been placed by expert traders, which may allow you to improve your returns and bolster your profits.

The Bottom Line

Grid trading is highly effective for the cryptocurrency industry because of its ability to perform automated trading at ideal price points even when currencies are volatile. The 21 grid trading bots mentioned above are among the top bots in the industry. If you want the best that the industry has to offer, try Bybit, which is free to use.

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