Top 10 Crypto Scalping Bots of 2024

Scalping bots are widely used in the crypto market to make risk-averse profits. However, finding the right crypto scalping bot can be confusing and challenging.

This guide introduces you to the best crypto scalping bots for 2024. Read on to discover detailed reviews and tips on optimizing scalping bots effectively.

Top 10 Best Crypto Scalping Bots: In-Depth Reviews & Comparisons

Below, we review the 10 best crypto scalping bots for 2024. We cover the pros and cons, key features, and pricing levels – allowing traders to make an informed decision. Read on to choose the most suitable scalping system.

1. Algobot – Overall Best Crypto Scalping Bot for 2024

If you’re hesitating to scalp crypto due to its complexity, try Algobot. This AI-based crypto bot enables beginners to make scalping profits without advanced trading knowledge. It’s fully automated and executes trades based on signals. Crucially, Algobot functions around the clock – so you won’t miss any scalping opportunities.

This is partially important for the crypto market, which never sleeps. Moreover, Algobot trades 1-minute and 5-minute charts, which are crucial for scalping. The bot has three years of backtesting history and has a win rate of over 81%. Meaning, 81% of historical trades have yielded a profit. Algobot can be linked to all popular crypto exchanges via Cornix.

The setup process is simple, albeit, full step-by-step instructions are provided. Algobot is not only suitable for beginners but also for experienced traders. It generates signals that can be executed manually via semi-automated features. The signal includes the entry, stop-loss, and take-profit levels. The bot can also be integrated with TradingView.

This enables you to access charting tools and other indicators and execute positions automatically. Algobot plans start from $59.99 a month. If you want to access signals and TradingView indicators, the price increases to $109.99. Both packages include lifetime updates, ensuring the bot constantly learns and improves.

2. Gunbot – Run a Crypto Scalping Bot Directly From Your Desktop Device

Gunbot is another prominent crypto scalping bot to consider. Unlike most trading bots, Gunbot doesn’t run on the cloud. Instead, it can be downloaded locally on your desktop device. The bot is compatible with Windows, macOS, Linux, and Raspberry Pi. Moreover, Gunbot has a plug-and-play structure. It comes loaded with many crypto strategies, including scalping.

The scalping strategy supports 1-minute, 3-minute, and 5-minute timeframes. A wide variety of order types are available at Gunbot, ensuring complete flexibility. The bot also has unlimited instances – meaning, it can be triggered as often as you want.

This helps you diversify your scalping strategy across multiple crypto pairs and exchanges. Gunbot is compatible with nearly 20 crypto exchanges – including Binance, Coinbase, Bitfinex, and more. It also has a dedicated DeFi bot that runs on exchanges like dYdX.

There are also no restrictions on how many crypto pairs you can trade with this bot. Users also get access to a Telegram bot for real-time tracking. The basic Gunbot package starts at $199 and goes up to $499. The key difference between the plans is the number of exchanges supported.

3. Coinrule – Create Auto Scalping Bots Without Any Coding Knowledge 

Some investors prefer creating their own scalping strategy bot. And Coinrule lets you do that with no coding knowledge whatsoever. You simply need to specify the rules for the chosen strategy. Coinrule will then create an automated crypto scalping bot accordingly. The bot will trigger actions when the respective rule conditions are met.

For instance, you can create a rule like ‘If the price of Bitcoin falls to $59,700 AND the RSI is below 30,
then execute a buy order for Bitcoin.’ The following rule could be ‘If the price of Bitcoin rises to $60,000 AND the RSI is above 70, then execute a sell order for Bitcoin.’

This lets you profit from the price difference using a simple scalping strategy. You can also add rules to manage the take-profit and stop-loss levels. Additionally, the bot offers template strategies that you can deploy directly. We also like that Coinrule comes with an array of technical indicators. Its crypto scalping bot works with about 10 leading exchanges, which is less than other providers.

Nevertheless, Coinrule’s free version lets you use two live bots via one exchange. The paid plans start at $29.99 and go as high as $449.90 a month. Additionally, there is a calculator that lets you determine the best plan for you based on your trading volume and required features.

CryptoHopper is a leading provider of crypto trading bots. These automated bots function around the clock and execute positions based on specific rules. CryptoHopper offers several prebuilt bot templates. Additionally, there is a huge marketplace for users to find specific strategies, including scalping.

This includes Pure Trend, Momentum Trend Scalper, Aggressive, and more. Users can set the bot to 1-minute or 5-minute timeframes for these strategies. There are risk management settings available for all listed bots. But that’s not all – these parameters are completely customizable.

Copy trading is also facilitated for scalping. Additionally, CryptoHopper supports paper trading and automation of signals from other platforms. To use the prebuilt templates, users can subscribe to CryptoHopper for $24.16 a month.

However, in the marketplace, some scalping bot strategies are free, while others are available at a flat rate. CryptoHopper can be used with all leading crypto trading platforms via API. The setup process is simple and takes minutes.

5. HaasOnline – Create Complex Scalping Strategies Using Crypto Scripting Language

HaasOnline is a great solution for traders who want to create their own bots from the ground up. The platform has developed a unique crypto scripting solution, HaasScript, for this purpose. Users can compile the code, test it, and then deploy it directly on HaasOnline. All bots run on the platform’s TradeServer Cloud.

HaasOnline also supports simulated trading on live markets. It offers visual and text-based script editors to write and debug the code. And if you don’t want to create a bot, there are also prebuilt strategies available. This will be more appealing to newbies.

Additionally, the platform offers tons of features to make your scalping strategies efficient. This includes market intelligence, news updates, portfolio management, and more. HaasOnline offers a three-day free trial. The paid plans start from $9 a month and increase based on the number of exchange connections required.

7. Trality – Drag-and-Drop Rule Builder to Create a Custom Crypto Scalping Bot

Trality has a rule builder that lets you use preset scalping strategies. Using a straightforward drag-and-drop system, you can customize strategies to your needs. There are hundreds of technical indicators that can be used to adjust these strategies.

Crucially, Trality also lets you code your crypto scalping bot. It uses Python as the underlying language and runs bots on the cloud. You can also access financial market data using APIs and run backtests accordingly.

Trality also has a marketplace for users to lend their bots. This lets you monetize your bots and receive a passive income every month. Trality has a free plan that supports one bot and a maximum trading volume of €5,000 (around $5,500.) Paid plans start at €9.99 (around $11) a month for higher trading volumes.

9. TradeSanta – Crypto Scalping Bot for the Spot and Futures Markets 

What makes TradeSanta most appealing is how easy it is to use. Simply connect the bot to your exchange via an API, choose your crypto, and set the bot parameters. The bot will start trading immediately. Notably, it can function in both the spot and futures markets. TradeSanta comes loaded with customizable preset strategies for scalping.

This includes bid-ask spread and range trading. Alternatively, you can set the bot parameters using one of the many available technical indicators. Not only that, you can also copy scalping strategies from experienced traders. TradeSanta offers a free trading terminal that can be connected to all your crypto exchange accounts.

A mobile app is also available to manage bots on the move. TradeSanta’s basic plan costs $18 a month and gives you access to 49 bots. There are also plans costing $32 and $45 a month. These plans offer additional features, such as TradingView screener signals and trailing orders. Therefore, there’s a plan to suit all budgets and requirements.

10. Altrady – Deploy Preset Scalping Strategies With Hotkeys

Altrady is a crypto platform that executes trades via multiple exchange accounts. It’s integrated with nine popular crypto exchanges. This includes Crypto.com, Binance, OKX, Huobi, and KuCoin. Altrady offers several trading presets, including scalping. You can also set up a signal bot that executes scalping strategies autonomously.

Altrady also lets you assign hotkeys to trading presets. Once configured, you can apply the specific bot with just two or three taps. The bot will also constantly update you with how the preset is performing. The platform also supports smart trading, with advanced take-profit and stop-loss orders.

Furthermore, you can assign position sizing based on your risk level. There is also a risk-reward calculator available. Altrady’s free account offers access to paper trading with crypto scalping bots. Paid plans are available for about $19 a month.

What is a Crypto Scalping Bot?

In a crypto scalping strategy, you focus on making small, quick profits from minor price movements of a trading pair. This strategy involves executing a large number of trades over short time frames. Often, positions remain active for minutes or even seconds.

Scalpers make many trades throughout the day, capturing small returns from each position. However, finding negligible price differences and swiftly monetizing them can be challenging. This is where a crypto scalping bot comes into play.

• A crypto scalping bot is connected to an exchange via APIs.
• After connecting to the exchange, users can customize their scalping strategy directly from the bot’s interface.
• Once the bot starts running, it automatically scans the crypto market continuously.
• Crypto scalping bots can identify minor price disparities that a human trader might miss.
• Once the bot detects a favorable opportunity, it executes trades within milliseconds – ensuring that even the tiniest profit margins are captured.

Here is a practical example of a trade executed by a crypto scalping bot.

• Suppose the price of Bitcoin is fluctuating between $60,000 and $60,010.
• The bot swiftly places a buy order when Bitcoin hits $60,000
• Within seconds, the price rises back to $60,010.
• The bot then sells Bitcoin, securing a small profit from the trade.

Now, as you can see, the profit from this trade is minute. However, executing profitable trades multiple times throughout the day can accumulate significant returns. A crypto scalping bot not only saves time but also reduces the emotional and psychological stress associated with manual trading.

Additionally, many scalping bots come with customization. Users can set the trade size, profit targets, and stop-loss limits. This allows traders to tailor the bot to their specific strategies and risk tolerance.

Advantages of Using a Crypto Scalping Bot

Crypto bots make trading easier. But what are the unique benefits of these bots? Read on to find out.

Execute Trades in Milliseconds

The profitability of a scalping strategy often depends on speed. Even a second delay in order execution can significantly affect your returns. A crypto scalping bot can be incredibly helpful in this regard.

These bots act swiftly, opening and closing positions within milliseconds. Human traders cannot match this rapid response time. This quick action maximizes gains and decreases the risk of losses caused by market volatility.

Trade Multiple Crypto Pairs at a Time

You’ll need to place high-frequency positions for scalping profits to be worthwhile. This can be challenging when scalping just one crypto coin. And finding scalping opportunities across different pairs simultaneously is virtually impossible when done manually.

A crypto scalping bot, on the other hand, can execute a scalping strategy across multiple crypto coins. This can increase your profit potential to new levels. After all, more trading pairs means more scalping opportunities.

Run Your Bot 24/7

As the crypto markets are open 24/7, there are scalping opportunities around the clock. However, a human trader can’t capitalize fully. Traders need rest and sleep, meaning they can only trade for a few hours per day.

In contrast, a crypto scalping bot works all day and night without fatigue. This ensures no potential trade is missed, regardless of the time of day.

Not only that, bots can examine vast amounts of market data in real time to make split-second decisions. This automation not only increases the volume of trades but also enhances accuracy. Unlike human traders, bots aren’t influenced by emotional biases. They simply follow predefined rules.

Scalping Strategy Optimization

Optimizing scalping strategies manually can be incredibly challenging. You’ll need to track every single trade and assess where you went wrong. Instead, scalping bots can make the process less time-consuming.

Backtesting the bot reveals how your scalping strategy would have performed historically. You can also run the crypto scalping bot in demo mode to determine its performance in the live market. Both these techniques help refine the bot.

How to Choose the Right Crypto Scalping Bot

If you’re still searching for a crypto trading bot, consider the following factors when making a decision:

Performance Metrics 

With all crypto trading bots, the first thing to consider is the performance record. Ideally, the provider will offer glimpses of the bot’s past performance. This typically includes profit margins, win rates, and runtime.

A good crypto trading bot should demonstrate consistent returns and minimal drawdowns over a significant period.

However, you cannot simply rely on the providers’ performance results. Therefore, do due diligence within the crypto community. This is where you check for user reviews and third-party testimonials to gauge sentiment on the bot.

Additionally, many crypto scalping bots offer demo accounts or trial periods. These allow you to test the bot with simulated trades before committing real capital.

Level of Automation

The level of automation provided by the bot is another important consideration. For instance, if you’re new to scalping, you might prefer a fully automated bot. These bots offer a hands-off approach. Alternatively, copy trading platforms might also be easier to set up.

On the other hand, semi-automated or codable bots are better suited for technically inclined traders. These not only require trading experience but also some level of coding knowledge. Determine your comfort level with automation and choose a bot that matches it.

Customization Features 

A bot’s past performance doesn’t always ensure that it will garner future profits. Therefore, you should ensure that it can adapt to your individual goals. Not to mention the ever-evolving crypto markets. This is why you should check for adjustable trading parameters – such as:

• Trade size – Set the amount of capital allocated to each trade.
• Take-profit targets –  Establish the profit level at which trades are automatically closed.
• Stop-loss limits – Define the maximum loss allowed per trade to minimize risk.
• Indicators and signals –  Choose which technical indicators and market signals the bot should use to make trading decisions.
• Risk exposure – Customize the overall risk tolerance of your trading strategy.

In addition, some bots also offer portfolio balancing, trading frequency, time frames, and more. Being able to tweak these settings allows you to optimize the bot’s performance to suit your preferences.

Compatibility and Integrations

Your chosen crypto scalping bot should be compatible with your preferred exchange. This also means verifying the bot supports the specific crypto coins you plan to trade. Additionally, if you usually use other tools, such as technical indicators, ensure that the bot works with them, too.

For instance, many crypto trading bots integrate with TradingView directly. Similarly, some bots offer AI chat tools directly from their interface. Ensuring smooth integration with your preferred tools will enhance your overall experience.

Pricing

Crypto scalping bots come in many variations, and their costs also vary widely. For instance, while some platforms charge a monthly subscription, others can be purchased for a one-time fee. When choosing a scalping bot, consider the cost in relation to its features, performance, and potential returns. For instance, some platforms might be available for as low as $10 a month.

However, this might not include any automation or access to technical indicators. A cost-effective bot should offer a good balance between affordability and functionality. Additionally, be aware of the charges you pay to the broker. On top of the bot’s fees, you’ll also have to pay trading commissions, deposit/withdrawal charges, and even administrative fees.

Risk Management of Crypto Scalping Bots

Despite their potential benefits, scalping bots aren’t without their risks. Market conditions can change rapidly, and even the most sophisticated bots can incur losses.

Therefore, it’s crucial to choose a reliable and well-reviewed scalping bot, continuously monitor its performance, and make adjustments as necessary.

Here are some tips to follow when optimizing a crypto scalping bot.

Start With a Demo Account

It’s always best to start your crypto scalping bot with a demo account, especially if you’re new to this strategy. This helps you test the bot with virtual funds. This way, you can analyze the bot’s performance and gain confidence before risking real money.

Stop-Loss Orders

The most crucial step for risk management is setting up a stop-loss order for your bot. This order will automatically exit a position when the crypto price reaches a certain level – against your prediction. While some bots let you set this target as a percentage, others require you to input a specific price.

For instance:

• You buy Bitcoin at $60,000, hoping the price will go up to $60,100.
• You can also set a stop-loss order to sell if the price drops to $59,500 or falls by 1%.
• Even a 1% loss can be significant in scalping.
• Additionally, some bots offer trailing stop-loss orders. These orders adjust along with the price of the crypto. Meaning, it moves the stop-loss level in the direction of the trade.

Stop-loss orders ensure that you limit your losses to a manageable level. They also safeguard your investment against sudden, unfavorable market movements. You should also regularly review and adjust the stop-loss levels to align with the market conditions.

Monitor and Adjust Bot Performance

Even the best scalping bots require adjustments based on changing market conditions and trading results. Set aside time to review the bot’s performance metrics, such as win rate, average profit per trade, and the overall return on investment.

If you notice a decline in performance, investigate the cause and make necessary adjustments. This might involve tweaking trading parameters, such as trade size, or changing the algorithm’s strategy. Additionally, make sure you watch out for market news and trends that could impact your bot’s performance.

Diversify Your Scalping Strategies 

Rather than focusing on a single crypto or strategy, diversify your investments. This reduces the impact of a poor-performing scalping strategy on your overall portfolio. For example, if you only scalp Bitcoin and it experiences a sharp decline, your entire portfolio suffers.

However, if you also scalp Ethereum, Litecoin, and other coins, the gains from these assets can offset the losses from Bitcoin. A diversified portfolio can better resist market fluctuations and lower the risk of significant losses.

Conclusion

A crypto scalping bot can be a powerful addition to a trader’s toolkit. They can help maximize profits in the highly volatile crypto market. With an 81% win rate, Algobot is one of the best crypto scalping bots to consider.

Designed for both novice and experienced traders alike, Algobot is backed by cutting-edge AI technology. Its intuitive algorithm ensures you never miss a scalping opportunity in the crypto market. Moreover, Algobot has customizable settings to adapt to your specific needs.

FAQs

What is a crypto scalping bot?

A crypto scalping bot executes trades to capitalize on small price movements. It continuously scans the market and completes trades within milliseconds to capture minute profit margins.

Are crypto scalping bots profitable?

Crypto scalping bots can make profits if properly configured and optimized. However, their success depends on market conditions, strategy optimization, and risk management.

Is coding knowledge necessary to use a crypto scalping bot?

While coding knowledge is beneficial, it’s not essential to use a crypto scalping bot. Many customizable bots are predesigned for the scalping strategy.

Is it safe to trade with a crypto scalping bot?

Typically, crypto scalping bots connect to exchanges via APIs, meaning they can’t access your funds or data. However, you should always verify the bot’s security features before proceeding.