Best Crypto Trading Bots in Australia

Dominic Harper // March 10 // 0 Comments

Cryptocurrency has gradually become a legitimate trading asset, which means that experienced traders have come up with methods to increase the profits they make from successful positions. Trading bots in forex and the stock market have been around for a while, but they have recently made the transition to cryptocurrency. Using trading bots allows crypto traders to automatically trade according to rules that they have set. Since the cryptocurrency market doesn't sleep, or close after hours, the use of bots have become increasingly popular. 

There are many different bots on the market, some are free and others are paid options. Do you really get what you pay for with the subscription bots, or can you achieve the same or even better results using the free ones? We have done the research for you, so you can spend more time setting up your bots, and less time researching them. The longer your bots are running, the more profits you can potentially make.

Pionex – Best Trading Bots for Beginners:

Pionex is the best option for beginners to trading bots. It is a cryptocurrency trading platform, with 16 free built-in bots, so there's no need to try and link it to a compatible exchange. Over 120+ coins are available on Pionex, and you can read the various tutorials for each of the 16 bots so you can familiarise yourself with what they offer.

It is completely free to open a Pionex account, as well as to use any of the trading bots. You will incur a fee for trading, but they are really low, at just 0.05% per transaction, regardless of if you are trading yourself, or with the aid of a bot. Pionex's liquidity is very deep, as it aggregates the liquidity from Binance and Huobi near the ticker price. 

The main drawback to using Pionex is that the exchange does not support fiat deposits or withdrawals. To get started using AUD, you will need to find a cryptocurrency exchange where you can purchase crypto using fiat, then send the coins over to Pionex. A good tip is to buy USDT (which is pegged to the US Dollar) on one of Australia's best crypto exchanges (click here), and send it to Pionex, where you can trade it against any other coin.

Compatible Exchanges: Pionex only

Fees: Free to set up, free to use 16 trading bots, 0.05% fee per trade

Key features of Pionex:

  • Perfect for beginners, no need to link trading bots with a crypto exchange
  • Free to open account, and 16 free built-in trading bots
  • Low trading fees of just 0.05% whether trading manually or using a bot
  • Support for over 120+ different cryptocurrencies
  • Spot trading and leverage trading markets
  • MSB (Money Services Business) license by FinCEN

KuCoin – #2 for Trading Bot Beginners:

 KuCoin is the second best option for newcomers to the crypto trading bot game. It is a free cryptocurrency exchange with over 600+ coins, that is easy to set-up, as there is no need to link any trading bots. Once you sign up to KuCoin, you can quickly navigate to the trading bots page and get started.

With KuCoin, you can join the trading bot community where you can interact with others, and discuss the best strategies. With over 11 million users on KuCoin, you are sure to find some useful information from the community. There is even an option to copy the parameters from the most successful trading bots, so you can mimic their trading strategy.

The downside of KuCoin is that you cannot withdraw AUD from the exchange. If you wish to withdraw you have to send your crypto to another exchange, and sell it there, before withdrawing to your bank account. You are also not able to deposit AUD into KuCoin, because there are no fiat markets to trade, but there is a fiat gateway. This means you can immediately purchase crypto using AUD, but note that there is a charge incurred from third-party payment providers, which can be quite high. A more cost-effective method is to purchase USDT from one of the top Australian exchanges, and then transfer it to KuCoin.

Compatible Exchanges: KuCoin only

Fees: Free to set up, free to use trading bot, 0.1% fee per trade

Key features of KuCoin:

  • Free to open KuCoin account and free to use trading bots
  • Low fees of 0.1%, with discounts if you pay with KCS (KuCoin's native token)
  • Over 600+ different coins supported
  • Deep liquidity, with over 11 million users
  •  Users can copy the bots of successful traders, so you can implement the same strategies

Other useful articles:  KuCoin review

CryptoHopper:

CryptoHopper is an excellent cryptocurrency trading bot, that has many features, including a strategy designer tool with over 130+ indicators for personalising your trading strategy. If you are a beginner, you may prefer to purchase established trading templates and unique strategies from experienced traders.

CryptoHopper also caters for experienced crypto traders with the marketplace, that cointains tons of free and paid signals. You can combine different signals using CryptoHopper's technical indicators which lead to very detailed and personalised trading bots.

Compatible Exchanges: Binance.us, Bittrex, Bitfinex, Binance, Coinbase Pro, Huobi, HitBTC, Kraken, Bitvavo, OKEx, KuCoin, Poloniex

Fees: 

  • Pioneer Package, only comes with minimal features for portfolio management and manual trading: FREE
  • Explorer Package (starter package): Free trial for the first 7 days, then $19 USD/month
  • Adventurer Package (Trader plus package): $49 USD/month
  • Hero Package (Pro Trader package): $99 USD/month

Key features of CryptoHopper:

  • Exchange arbitrage
  • Algorithm intelligence
  • Mirror Trading
  • Backtesting
  • Strategy designer
  • Paper Trading - practise for free with virtual money

Coinrule:

Coinrule is another great option of trading bot, allowing the everyday Aussie crypto trader to compete with professional algorithmic traders and hedge funds, with no coding necessary. The interface is easy to use, and will help you build both simple and advanced strategies.

There is an in-depth educational section for those that want to learn more about trading strategies, ideas and tips, and even an FAQ section to assist beginners. 

Compatible Exchanges: Bittrex, Poloniex, HitBTC, Bitstamp, Bitpanda Pro, Kraken, OKEx, Liquid, Coinbase Pro

Fees: 

  • Starter, only comes with 2 Live Rules, 7 template strategies, and up to $3k monthly trade volume: FREE
  • Hobbyist, 7 Live Rules, 40 template strategies, up to $300k monthly trade volume, and more: $29.99 USD/month
  • Trader, 15 Live Rules, unlimited template strategies, up to $3M monthly trade volume, and more: $59.99 USD/month
  • Pro, 50 Live Rules, unlimited template strategies, unlimited trade volume, and much more: $449.99 USD/month

Key features of Coinrule:

  • Trading templates that you can choose from 
  • Easy to use IFTTT (If-this-then-that) template
  • Demo exchange, so you can test your strategies risk-free
  • Trading community where you can connect with others to discuss strategies and ideas
  • Extensive knowledge base found on website and Youtube channel

Trality – Best for creating a bot:

Trality is the best option for the astute crypto trader that wants to create their own automated bot, instead of picking one from a set list. It is easy for Trality users to personalise their bots based on their individual needs, and is great for anyone from newcomers to experienced crypto traders.

You can create as many bots as you like, and each one can run on multiple strategies and can be applied to many different trading pairs. If you are keen, you can also rent out your created bots on Trality's marketplace. Conversely, if you are unsure which parameters to use when creating a bot, you can follow other bots on the marketplace. 

The tools available on Trality are excellent, and there is even Python API functionality for developers, as well as a debugger, libraries such as NumPy, Pandas, Tulip and Talib, and a number of templates that can get you on your way.

Compatible Exchanges: Binance, Bitpanda Pro, Kraken, Coinbase Pro

Fees: 

  • Pawn, up to €5,000 trading volume/month, and one bot: FREE
  • Knight, up to €25,000 trading volume/month, and two bots: €9.99/month
  • Rook, up to €250,000 trading volume/month, and five bots: €39.99/month
  • Queen, unlimited trading volume/month, and ten bots: €59.99/month
  • Save 20% on annual plans

Key features of Trality:

  • Create your bot using either the Rule Builder (for those who can't code) or Python Code Editor (for developers)
  • Extremely fast backtesting
  • Create bots, backtest, paper trade, and live trade from the same interface
  • Rent out your bots to earn passive income
  • Access Trality from a browser; no downloads required 

TradeSanta:

TradeSanta aims to make trading bots accessible to all, and they have successfully achieved that, with a basic, yet feature-packed interface. It is easy to set up bots, and you can even use virtual bots to test out strategies first, without risking your real funds. 

TradeSanta has not stopped still since it started in 2018, and regularly adds new capabilities for their users. For example, in 2021, they made trading futures possible for their users.

Compatible Exchanges: Binance, OKEX, Coinbase Pro, Huobi, Upbit, Binance Futures, HitBTC, FTX (coming soon), Kraken (coming soon), Bybit (coming soon)

Fees: 

  • Basic, up to 49 bots: $14 USD/month
  • Advanced, up to 99 bots: $20 USD/month
  • Maximum, unlimited number of bots: $30 USD/month
  • Prices are based on annual purchase

Key features of TradeSanta:

  • Grid and DCA trading strategies
  • Set up a virtual bot to test out automated strategy
  • Set up a bot to trade futures, using leverage
  • Mobile app access so you can manage bots wherever you are
  • Trade manually on several exchanges from within the one interface

Bitsgap:

Bitsgap is one of the newer players in the trading bot industry, but they are not one to be ignored. Bitsgap has smart algorithmic orders, Portfolio and Demo trading, all from the one interface. The bot also has the signals needed to notify users of potential investment opportunities with the best chances of short and long-term gains.

Compatible Exchanges: BigOne, Binance, Bitfinex, Bit-Z, Bittrex, Bibox, Bitstamp, CEX.IO, Coinex, Coinbene, DDEX, Bithump, Exmo, Gate.io, Gemini, Huobi, Kraken, Kucoin, Liquid, HitBTC, Livecoin, OKEX

Fees: 

  • Basic, 2 bots: $29 USD/month
  • Advanced, up to 5 bots, futures bots, trailing up & down for bots: $69 USD/month
  • Maximum, up to 20 bots, futures bots, trailing up & down for bots, take profit for bots: $149 USD/month
  • 7 day free trial
  • 17% discount if you purchase 6 months in advance

HaasOnline:

HaasOnline is another option for crypto traders, and they offer an automated trading bot and platform. It is not aimed at beginners, but rather for those that are experienced traders, or are intermediate users that are serious about learning automated bots. 

Compatible Exchanges: Binance Futures, Binance.us, Binance, BitMEX, Bitpanda Pro, Bitstamp, Coinbase Pro, Bittrex, Ionomy, Bitfinex, Cex.io, ,Gemini, Huobi Global, Deribit, HitBTC, Kraken Futures, Kraken, KuCoin, OKEx Futures, OKEx, OkCoin, Poloniex

Fees: 

  • Beginner, 10 bots, access to 20+ indicators: 0.004 BTC/ 3 months
  • Simple, 20 bots, access to 40+ indicators: 0.006 BTC/ 3 months
  • Advanced, unrestricted bots, unrestricted indicators: 0.009 BTC/ 3 months
  • discounted fees if you choose annual billing

Key features of HaasOnline:

  • HaasOnline's backtesting feature can deliver results by backtesting up to 56 weeks of past data
  • It is easy to implement a spread order strategy in any market with HaasOnline's Flash Crash bot tool
  • Compatible with several futures trading crypto exchanges
  • The Visual Editor tool helps serious newcomers learn about building trading strategies

3Commas:

3Commas is a newer trading bot but is still a respectable choice. It uses the Dollar Cost Averaging (DCA) strategy which minimises the volatility normally present in cryptocurrency trading. The trailing stop feature opens a trader's position and leaves it open if the coin's price is increasing, but once it begins to drop, the position is closed automatically. This is a useful function because it means that you can make some quick and easy profits from sudden bull runs that can happen in the blink of an eye.

Compatible Exchanges: Binance.us, Bitstamp, Binance Futures, Binance, BitMEX, Bitfinex, Bybit, Binance DEX, Coinbase Pro, Bittrex, Cex.io, Exam, Gate.io, Huobi Global, KuCoin, HitBTC, Kraken, OKEx, YoBit, Poloniex

Fees: 

  • Free, 1 Grid bot, 1 Options bot, 1 DCA bot, 1 Active SmartTrade: $0 forever
  • Starter, 1 Grid bot, 1 Options bot, 1 DCA bot, unlimited Active SmartTrades: $29 USD/month
  • Advanced, 1 Grid bot, 1 Options bot, unlimited DCA bots, unlimited Active SmartTrades: $49 USD/month
  • Pro, Unlimited Grid bots, unlimited Options bot, unlimited DCA bots, unlimited Active SmartTrades: $99 USD/month
  • Discounts if paid per year

Key features of 3Commas:

  • Supports 20 crypto trading exchanges
  • Wide range of currencies supported
  • SmartTrading lets you trade from all supported exchanges within the one interface
  • Partnership with CryptoTrader.Tax means users get easy, automated tax reporting

Shrimpy:

Shrimpy is actually a crypto portfolio management app, not specifically a trading bot, but it does have some great automated tools for trading. Shrimpy has a widely-renowned automatic portfolio rebalancing feature, that is market-leading. For experienced users, you can also use Shrimpy's interface to trade on several platforms easily.

Compatible Exchanges: Bibox, Bitstamp, Bittrex, Binance, Binance.us, Bitfinex, BitMart, Coinbase Pro, OKEx, Bittrex Global, Huobi Global, HitBTC, KuCoin, Kraken, Poloniex

Fees: 

  • Starter, 3 portfolios per exchange account, connect 5 exchange accounts: $19 USD/month
  • Professional, 5 portfolios per exchange account, connect 10 exchange accounts: $79 USD/month
  • Enterprise, 10 portfolios per exchange account, connect 25 exchange accounts: $299 USD/month
  • 20% discount if paid annually

Key features of Shrimpy:

  • Helpful tutorials that are easy to understand
  • Pro-grade backtesting
  • Trading community of users across Reddit, Telegram and Discord
  • Simple tax reporting using CryptoTrader.Tax

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About the Author: Dominic Harper

Dominic has a background in finance and is passionate about cryptocurrency, blockchain technology and NFTs. He has been investing in crypto since 2017, and is excited about the potential for innovation and creative uses for NFTs in the near future.

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