The crypto pair you choose and the exchange where you want to try scalping are two very significant factors to consider as the fees add up quickly, so it needs to have low fees and high liquidity to avoid slippage.
Summary What is Scalp Trading?Scalping is a trading strategy whereby traders earn small profits on minute changes in cryptocurrency price throughout the day. This kind of cryptocurrency trading technique is short-term.
Further, Scalp trading is a form of day trading and is best suited for traders who want to enter and exit positions as quickly as possible.
Although it may seem more complex than it may seem, successful scalping requires strong technical abilities and the ability to access the trade charts precisely.
How Does Scalp Trading Generate Profit?In scalp trading, traders rely on their gut instinct to make decisions. Each trader creates a unique system to guide their choices. Trading regularly and taking five to ten minutes to make a move are two traits that traders share.
While some scalping traders trade manually, others utilize software and automatic methods. Before moving, manual traders must examine price charts and market volatility using charting software like TradingView or Coinigy.
In this scenario, a trader needs to be well-versed in market movements, have excellent analytical abilities, and keep a careful eye on the trades.
Besides, he must be glued to his chair to avoid missing a profitable trade or slipping into an unprofitable position. However, this if physically and mentally infeasible for any sane human.
Therefore, to get us through this, a lot of good crypto bots are available right now, the ones listed below are particularly well-suited for scalping and high-frequency trading.
1st Best Crypto Scalping Bots: PionexOne of the best crypto scalping bots, Pionex, enables you to automate your trading around the clock. This cryptocurrency exchange combines the liquidity from Huobi Global and Binance.
Compared to the majority of the leading exchanges, it has a cheap trading fee. In the event of a sharp price drop, it helps you dramatically lower your average buying price.
VISIT PIONEX NOW! FeaturesThe second cryptocurrency scalping bot on our list is 3Commas which is based in Miami. It was created for traders who aren’t tech-savvy and frequently lack the financial resources required to make significant investments in cryptocurrencies.
Their platform is user-friendly, and you can take advantage of a variety of their program techniques. You can even create your unique tactics. Stop loss, take profit, and other preprogram tactics are only a few of them.
Further, you can easily utilize your scalping bots with their smart trade capabilities, and they function with more than 13 major market exchanges.
VISIT 3COMMAS RIGHT NOW! FeaturesHaasBot is the name of the crypto trading robot, but the company behind it is called HaasOnline software. HaasOnline was founded in 2014 by Stephan de Haas, a Netherlands based software engineer. Stephan had a passion for trading and was one of the early cryptocurrency adopters. So when he saw a demand for the crypto trading robot, he put together a team of top industry experts and started HaasOnline.
When writing this HaasBot review, the company employs more than 30 people across several continents and has more than 50,000 registered users. HaasOnline continues to pioneer high-frequency trading on the most popular digital trading platforms and crypto exchanges and offers a wide range of automatic trading algorithms and tools.
FeaturesAs a scalping bot, CryptoHopper is undoubtedly one of the best cryptocurrency bots that provide a flawless experience for you. Additionally, they assist you in determining your stop loss and take profit settings, which are expressed in percentages.
You can utilize a protective metric to maximize market fluctuations while preserving gains. Besides, this cryptocurrency scalping bot’s trading tactics and preprogrammed algorithms allow traders to eliminate human error.
More than 75 crypto coins are supported, and its feature list includes several tools, such as a back-testing feature.
VISIT CRYPTOHOPPER NOW! FeaturesOne of the top scalping bots providers that enable traders to use their bots for scalping the market is Bitsgap. As an all-in-one platform, it provides crypto trading bots, algorithmic orders, portfolio management, and Demo mode.
Additionally, it aids asset management, crypto trading, and performance monitoring in real-time. In addition, High-tech encryption is used by Bitsgap to protect its connection to your exchange.
Some of the Bitsgap-supported exchanges include Binance, Kucoin, Bybit, Coinbase, Bittrex, Kraken, Poloniex, Gemini, Gate, io, etc. Further, based on changes in the market, Bitsgap provides its consumers with verifiable market signals.
Besides, users can make wise trading judgments as a result of this. Before signing up, you should be aware that Bitsgap’s pricing is greater than that of specific other trading platforms. The features, however, make it worthwhile.
VISIT BITSGAP RIGHT NOW! FeaturesYou can develop auto-trading rules using the automated trading platform Coinrule and 150+ trading strategy templates are available on this platform.
One of the top scalping bots, it provides a strategy for buying an asset in the expectation of profiting from a probable short-term price gain.
Since Coinrule is a registered business, it is legitimate in many nations and is reliable.
Therefore, the Coinrule automated trading bot is for you if you’re seeking excellent analysis, several templates, a user-friendly interface, affordable plans, and a significant return on investment.
VISIT COINRULE FeaturesIf you want to streamline your approach to cryptocurrency trading in general, Quadency is a useful scalping bot.
Besides, they claim that as a trading platform, they are a one-stop shop that can assist you whether you are an experienced investor or a newbie investor, and they can make using digital assets simpler.
Further, there won’t be many restrictions when executing your cryptocurrency trades with these people because you can get started with a free account and explore more than 1500 bitcoin assets.
VISIT QUADENCY NOW! FeaturesDevelopers who are experts in their field built Altrady, a scalping bot, so you know exactly what you’ll get from these people.Can be overwhelming for new users
Although they don’t yet have native bots, they can still interact with other bots using their capabilities. Further, you can be sure that you’ll get a lot out of these individuals when it comes to your cryptocurrency scalping bot because they are very ambitious.
VISIT ALTRADY RIGHT NOW! FeaturesAs you can see, there are many different factors to consider while thinking about crypto scalping. The thing about cryptocurrency scalping is that it necessitates a great deal of technical research; otherwise, you risk losing all of your money.
However, the good news is that by utilizing a crypto scalping bot, you can significantly speed up and simplify the entire process.
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