Best Crypto Trading Bots in Australia 2023

1. Bybit – Best Overall – FREE Bot

Pros

• ByBit is a top-rated crypto exchange, and so is their trading bot.
• A fully autonomous trading bot that requires little input.
• Smart trading strategy features.
• Beginner-friendly.

Cons

• The bot is tied to ByBit’s platform, so you can’t connect it to other exchanges.

The ByBit trading bot is designed by ByBit, one of the top global crypto exchanges and derivatives trading platforms. ByBit’s trading bots are grid bots with a broad range of automated trading strategies. This allows users to choose a trading strategy according to their needs and start trading crypto.

I found this feature especially useful for beginners who don’t know much about trading bots. You can choose the Buy the Dip mode, where the bot automatically buys cryptos with a downward price trend and sells them later when the price recovers to a profit-taking level. I didn’t have to monitor the bot at all times because it implemented the strategy on its own.

Also, I was positively surprised by the fact that ByBit’s bot does not incur any subscription fees. There are only trading fees. This brings me to the one and only downside of the ByBit bot. The bot is strictly tied to the ByBit trading platform, and you can’t connect it to other exchange accounts.

Still, ByBit is a huge crypto marketplace, and I found the bot really useful for automating my ByBit trading operations.

2. Pionex – 16 FREE Trading Bots

Pros

• Great for beginners.
• 16 free trading bots.
• Numerous available trading strategies, including margin trading, futures and 5x leveraged trading.

Cons

• Leveraged trading and futures contracts are extremely risky.

Pionex is a tremendously reliable choice for a trading bot. I was delighted to learn that Pionex offers 16 totally free trading bots. You don’t need to pay any subscription fee. Instead, you just pay a 0.05% trading fee, which is really low compared to some competitor platforms that charge subscriptions plus trading fees.

The Pionex grid trading bot is a great solution for buying low and selling high through an automated process without the need for constant supervision. I just let the bot do its thing and was pleasantly surprised to see its effectiveness. The Pionex arbitrage bot is designed specifically for implementing crypto arbitrage trading strategies, and it’s connected to the Binance ecosystem for finding the best arbitrage opportunities between Pionex and Binance. 

In case you have a high appetite for risk, you can also try the Pionex futures trading bot that allows users to enter 5x leveraged trading positions, but keep in mind that leveraged trading is much riskier than spot trading or arbitrage. The Martingale bot is also a great choice for users who wish to implement dollar-cost averaging (DCA) strategies when investing in crypto on the Pionex platform.

3. KuCoin – Best for Beginners

Pros

• The best trading bot for beginners. 
• Great selection of 5 free trading bots.
• No subscription fees.

Cons

• Lacks advanced trading strategy input features.

The KuCoin trading bot is probably the best bot for beginners I’ve encountered. It’s very easy to use, just like the KuCoin crypto exchange in general. You just need to deposit cash or crypto into your platform account, choose the type of crypto bot you wish to use, create it for free, and start using it.

I think that the choice of crypto bots on KuCoin is really great because the platform supports five types of bots that are completely free. The only thing you need to pay is the standard platform trading fees, and KuCoin is famous for its low fees. The trading bots enable users to automate their trading operations on KuCoin and profit from the bot’s capability of battling volatility. 

The spot grid bot works as a standard buy-the-dip bot that buys low and sells high. The futures grid bot is designed for traders who like high-risk, leveraged trading through long or short trading positions. With the smart rebalancing bot, you can invest in a balanced portfolio of crypto assets with a diversified risk, including large-cap, mid-cap, and low-cap coins.

KuCoin’s dollar-cost averaging (DCA) bot is great for profiting from crypto investing over a longer period of time through regular, equal value investments in different coins, while the infinity grid bot is designed to curb volatility through balanced trading deals.   

4. Trality – Best for Creating a Bot

Pros

• The best platform for creating crypto trading bots.
• A wide variety of trading tools for optimising your bot.
• Great mobile app.

Cons

• It isn’t beginner-friendly.
• The basic plan is limited, while the advanced plans require a monthly subscription fee.

Trality is a crypto trading bot platform that allows users to create their trading bots from scratch. Honestly, I found the Trality API a bit complicated, but once I familiarised myself with how the platform works, I was delighted with the broad choice of bot creation tools and parameters.

You can literally design a custom trading bot for your needs! However, this means that the platform isn’t beginner-friendly at all, since you’ll need to manually fill in all the parameters regarding the trading strategy and the goals of your trading bot. Trality bots can be optimised to work on four of the leading global crypto trading platforms, including Binance, Kraken, CoinbasePro. 

One of the features I found most useful is the backtesting option that let me try out my trading bot and find out whether its parameters work well in a test environment. A Trality bot is free of charge, however, the basic plan is limited to a 5,000 USD trading volume. The advanced plans have a monthly subscription of 10k, 40k, and 60k USD, depending on the plan you choose. Each of the advanced plans comes with extra features, such as advanced trading strategy tools and higher daily limits.

5. Coinrule

Pros

• Great for use on mobile devices.
• Various trading templates are included in the pro version of Coinrule.
• Very helpful customer support.

Cons

• The pro version of Coinrule is very expensive.

Coinrule is famous for being one of the best trading bot providers for mobile devices. The platform has a great app for both Android and iOS mobile devices, and it’s super easy to use. The mobile version of Coinrule has a well-designed interface that allows users to customise their bots, implement various trading strategies and easily modify bot parameters. The mobile app is the key advantage of Coinrule over many competitors that only provide services on desktop devices.

Coinrule is a cloud-based trading bot platform that supports a variety of the best crypto exchanges. I could connect my Coinrule bot to exchanges such as Bitfinex, Binance, OKEx, which is a great option since all these platforms have huge markets with a wide variety of trading opportunities.

A great thing about Coinrule is that it allowed me to modify so many parameters and create a custom strategy according to my needs. By default, Coinrule offers more than 150 rules for trading bots, or you can even create your own rules as I did. The basic version of Coinrule is free, but the more advanced versions are a bit expensive, especially the pro version, which costs 450 USD a month.

6. CryptoHopper

Pros

• The platform is web-based, which means you don’t need to download any apps.
• Very efficient bot.
• A broad selection of crypto exchanges.

Cons

• Doesn’t have a free version, after the trial period you need to pick a paid plan.

CryptoHopper is a highly efficient trading bot platform that doesn’t require any downloads because it’s fully web-based. You just need to create an account, log in, set up your trading bot and start earning.

The CryptoHopper platform is famous for its ease-of-use and high efficiency, which comes at a price. There’s no free version of CryptoHopper, which was a bit of a disappointment. Still, I got the opportunity to try the platform through a free trial period. After the trial, I could choose between different paid plans. The basic plan is 19 USD, while the most expensive one is 99 USD per month.

CryptoHopper’s efficiency is mainly a result of its advanced technical tools, such as nearly 100 chart recognisable price chart patterns and more than 30 technical indicators. Thanks to these tools, CryptoHopper is able to conduct profitable trading deals with up to 75 cryptocurrencies at the same time.

I was delighted to learn that I can connect my CryptoHopper bot to 9 different crypto exchanges, including the likes of Binance, KuCoin, Bittrex, Huobi, Kraken, and numerous other platforms. Also, I found the CryptoHopper backtesting functionality very useful because it allowed me to make sure my trading strategy really works before investing money.

7. TradeSanta

Pros

• Numerous indicators and bot rules for implementing advanced strategies.
• Great for long and short trading.
• A great mobile app besides the standard web platform.

Cons

• Advanced plans require a monthly subscription fee.

TradeSanta is one of the best options if you’re looking to automate your long and short crypto trading operation because the platform provides users with bots that are specifically built for this purpose. Other TradeSanta bots include dollar-cost averaging bots for users who want to gradually build up their crypto portfolio over time, grid bots that implement various trading strategies, as well as classic buy low, sell high trading bots. TradeSanta uses a wide range of indicators and technical analysis tools to find the best trading opportunities, including RSI, Bollinger Bands, MACD, and other indicators used by advanced traders. 

I was thrilled to learn that TradeSanta supports numerous crypto exchanges, and I could easily connect all of the exchange platform accounts to my trading bot. TradeSanta supports leading crypto exchanges such as Binance, Kraken, Huobi, and others, which means that users get easy access to some of the best crypto markets. 

TradeSanta also provides users with trading signals and copy trading options that allow them to instruct their bots to copy the trading strategies of successful traders. The free version comes with two free bots, while the most advanced paid plan with an unlimited number of bots costs 70 USD per month.

8. HaasOnline

Pros

• One of the oldest and most proven bots on the market.
• Great for leveraged trading.
• 15 custom bots.

Cons

• Complicated for beginners.

HaasOnline is one of the oldest crypto trading bots on the market. The platform is trustworthy and it has a proven track record of satisfied customers. When I tried HaasOnline, the first thing I noticed was the broad range of parameters and technical analysis tools available on the platform. I could literally tweak all the parameters of each of my 15 custom bots.

The bots come with predefined characteristics and strategies, but you can modify each of them to target specific exchange platforms and coins and implement strategies at your desired pace. Available strategies include dollar-cost averaging, arbitrage trading, scalping, and others. All strategies can be backtested and paper tested before implementation, which I found very useful.

Despite all of its advantages, HaasOnline is a bit too complicated for beginners. Honestly, even I had some difficulties understanding how the platform works because I had to use the custom-built HaasScript programing language to set up the bot and modify its parameters.

As far as the crypto exchange connectivity is concerned, I could connect my Haas bots to a wide variety of exchange platforms, and the bots use numerous indicators to evaluate the market data from different exchanges before executing trades. HaasOnline also supports leveraged trading features that are great for users with a higher risk appetite.

9. 3Commas

Pros

• The free plan comes with 3 bots.
• You can connect your bot to 22 crypto exchanges.
• Numerous indicators and technical analysis tools.

Cons

• The free plan doesn’t support paper trading to test out strategies.

3Commas is another highly reliable crypto trading bot designed to automate your trading experience across numerous platforms. I was surprised to learn that 3Commas supports as many as 22 crypto exchanges and you can connect to all of them simultaneously if you have accounts on them. This huge number of exchange platforms means that your bot has a wide variety of trading choices and pulls data from a high number of sources simultaneously.

That’s why 3Commas bots are great for arbitrage trading because cryptos bought low on one exchange can often be sold for a higher price on one of the 21 additional exchange platforms. I found the integrated trading view and crypto signals features especially useful because they allowed me to instruct my bots to copy the trading habits of other traders and to specifically target certain cryptos.

3Commas has a lot of indicators and technical analysis tools, including the SmartTrade panel that allowed me to instruct the bot to simultaneously purchase or sell a whole set of coins and tokens. Apart from the web platform, 3Commas also has a great mobile app for Android and iOS operating systems, so I could manage my bots while on the move. The free plan comes with three bots, one grid bot, a DCA bot, and an Options bot.

10. Shrimpy

Pros

• Great bots for copy trading.
• Fantastic affiliate program.
• Very useful backtesting options.

Cons

• No mobile app.

Shrimpy is a great platform for creating crypto trading bots, but it’s also a portfolio management tool that lets you connect your crypto exchange account and monitor your crypto balance with ease.

I liked the fact that Shrimpy allowed me to engage in copy trading by ordering my bot to mimic the trading patterns of other successful traders on different crypto exchanges. I just had to instruct my bot to copy a specific trading account and do exactly what the trader behind that account does.

The key metrics you should evaluate before copying another trader are their number of followers, monthly profits, and how active the trader is. This is a great feature for beginners, but it’s also a nice way for experienced traders like myself to automate their trading operations.

The platform can connect to up to 16 exchange platforms, which is more than enough to secure great profit opportunities through different tactics such as copy trading, arbitrage, and scalping. Shrimpy is one of the rare platforms that allows you to use a demo mode with tutorials and try out the platform’s features before depositing money.

Additionally, all users have backtesting features available to make sure their strategy works. On top of that, Shrimpy has a great affiliate program that gives users a 50% commission on the first 3 monthly subscription fees made with their referral code.