Best 11 crypto trading bots for 2023

When you choose “Periodic“, the bot will rebalance the asset ratio at a fixed interval. Open the pionex.com and log in to your account first, and then click on the button on the right hand side of the rebalancing bot. There will be two modes popping up on the page, which are [Dual-coin mode] and [Multi-coin mode]. We support only the most secure & liquid cryptocurrency exchanges.

You have the option to crypto rebalancing bot from a pre-defined strategy or you can create your own strategy. In my opinion, it’s better to create your own portfolio and make sure to add a stable coin like USDT or USDC in it to make your portfolio rebalancing a success. Now, after every 12 hours, 3commas automatically rebalances my account and buys/sells coins based on my defined portfolio diversification. When you create a new portfolio or copy a winning portfolio of someone else, you can apply the rebalancing feature. You can decide how often you want to rebalance your portfolio. Now, it’s time to look at the tools that will help you rebalance your cryptocurrency portfolio.

We built the HODL indices for users who want to diversify across the market instead of picking individual coins. Suppose after some market movements, the BTC and BNB values in the portfolio become 450 USDT and 550 USDT. The total portfolio value will be 1,000 USDT, and the current coin ratio is 45% and 55% . As the ratio difference exceeds the preset level of 1%, auto rebalance will be triggered.

Find the best crypto trading bot (expert-reviewed)

One can start by connecting their exchange’s API keys and selecting the preferred trading strategy. Their wide variety of DCA, Grid, Options, and HODL bots can handle long and short positions, options, and futures using any strategy you can dream up. The 3Commas marketplace gives you access to templates and signals with a transparent track record of performance, so you can pick the one that works best for your goals. Trading in the crypto market requires that you leave emotions at the door.

With free and paid plans, the number of templates you’ll gain access to varies according to the plan you choose. Its paid package comes with advanced charting options, unlimited template usage, even one-on-one trading tutorials, and lessons, while the free plan has 7 complimentary template strategies. Trading bots are a controversial component of the crypto market. Some people think that it shouldn’t be allowed while others say it has some advantages. With a boy working for you, you might be tempted to step away from crypto entirely and assume the bot has things handled.

binance-portfolio-rebalancing-bot

The articles and client support materials available are educational only and not investment or tax advice. Portfolio rebalancing means adjusting the weightings of your portfolio. Assets move up and down in value, which disturbs your original weightings. The goal of rebalancing is to balance the weightings in order to optimize your portfolio. Next, type the percentage of your portfolio you want each crypto to occupy.

• In exchange, traders are rewarded through a profit-sharing system on a monthly basis.
• They can also consider using the rebalancing strategy to lock in any unrealized profits by selling some of an appreciated asset and using the proceeds to buy other assets.
• You can use a few parameters, and if you don’t deviate out of greed, then the chances are that you will do a great job at crypto rebalancing.
• This article showcases bots our experts individually selected and tested to help you select the bot that’s right for your goals.

Since its launch in 2016, years of consistently adding features and updates have made it to be a reliable piece of software, fully automating the crypto trading needs of more than active users. Gunbot is one of the most advanced trading bots on the market. As we have discussed above, this could be a good idea at this time. There are so many risks in the macro-environment that could negatively affect your crypto portfolio. Since no one knows the future and you can’t exactly tell which cryptos will do better than the rest, it is always best to crypto rebalance from time to time.

This tool’s price reflects that it’s a tool for very advanced traders, particularly those who are comfortable coding their own scripts. Once you are sure that a cryptocurrency has a healthy level of adoption, the next key factor to consider when choosing the best crypto rebalancing strategy is tokenomics. Simple economics dictates that when something is in short supply and growing demand, the price always goes up over time. A crypto rebalance entails analyzing your entire cryptocurrency portfolio to manage risks better. There are several ways to rebalance your crypto portfolio to lower risks while maximizing your potential for gains.

Whatever strategy you choose, defines how much time and effort it would require from you. For example, a long-term holding portfolio will not require a lot of intervention from you until something major happens, like an exponential rise in a GAL https://www.beaxy.com/ coin’s value in a short time. When you choose “Threshold“, when the proportion change of any coin is greater than the set value, the bot will rebalance the assets.

Calendar rebalancing is a strategy that focuses not on allocations or value, but time. All you need to do is determine a time interval at which you want to rebalance. The frequency ETC at which you change your portfolio depends on similar factors mentioned in threshold rebalancing. Constant Proportion Portfolio Insurance is a rebalancing strategy based on the premise that risk increases along with wealth.

This bot encrypts your data using SHA 256 and helps you conduct marketing indexes in fewer efforts. Mizar is the only trading bot that is 100% subscription-free and comes with unlimited use of all features to scale your trading and diversify your portfolio. Mizar is backed by notable investors such as Nexo, KuCoin, Huobi, and WooX.

The strategy works best in particularly volatile markets and with assets whose prices are highly correlated. Bitsgap is one of the best bitcoin trading bots that can help you manage your crypto assets with ease and enable you to create a bot strategy with a few clicks. Pionexis one of the best binance trading exchanges with 12 free trading bots. This Binance trading bot allows users to automate their trading without constantly checking the markets.

Confirm the rebalancing procedure:

This process can help to smooth out the effects of fluctuations and can be especially useful in volatile markets. The concept of rebalancing a portfolio has been around for many years, and the use of trading bots to automate this process is a relatively recent development. Hodlbot is one of the best cryptocurrency trading bots that help you to manage your trades with a user-friendly dashboard.

Then, enter the required hours or minutes between rebalances. In the “Smart portfolio” section, choose which cryptocurrencies you want to use with the trading bot. We’re doing a simple allocation to BTC and ETH to demonstrate the functionality.

Prospective investors must not construe the contents of this website/application as legal, tax, investment, or other advice. The use and development of exit strategies/plans by users of the Shrimpy app are not the responsibility of Shrimpy, its affiliates, or partners. Shrimpy and its partners are not financial advisors and do not own or guarantee the success or failure of ANY exit strategy/plan displayed or developed on the Shrimpy app. You can use the smart portfolio trading bot with any asset on OKX that trades against USDT — which is almost all of them. You can also construct your smart portfolio with up to 10 different cryptocurrencies.

If all my money was in crypto, I’d lose $60,000 and own $140,000. But by holding stablecoins, not only do I avoid losses, but I also gain the opportunity to rebalance my portfolio by reinvesting my stablecoins into crypto. For me, the biggest advantage of rebalancing is actively changing allocations. I always conduct fundamental analysis to find the right coins. But I’m so confident in my picks that I fail to consider the performance of my assets. I don’t care about short-term price movements because I think about where the asset will be in five years.

Then, they enter the total amount of USDT they will allocate to the trading bot strategy. When active, the bot uses the USDT to buy the assets in the chosen proportions. When choosing a bot trading strategy, it’s crucial to be aware of how many trades the bot will be making.

Portfolio rebalancing is related to adjusting the weightings of different assets within a Cryptocurrency trader’s portfolio. On the right side of the portfolio tab is the box for setting up your rebalancing period – you can tell Shrimpy to rebalance on an hourly, daily, or weekly basis. You also have the option to use threshold rebalancing instead, where rebalances are triggered by market movements. Portfolio managing apps are very popular among crypto traders and Shrimpy made sure to offer this feature as well.

In the crypto world, you can have a rebalancing cycle as short as a couple of hours to a few weeks or months. In my case, I prefer keeping it monthly or often based on market conditions. In the “Multi-coin mode”, you can allocate up to 10 coins, and it supports “Spot” and “Leveraged” on coins selection. It is recommends that everyone choose mainstream coins of spots, such as BTC or ETH. However, the leveraged tokens are high-risk derivatives, please be careful while selecting it.

That’s because they are typically new to the market and are yet to gain traction, and that’s where the opportunity is for those ready to ride the rollercoaster. While there is no sure way to go about it, there are hints from regulators that you can use. One of them is the statements by key figureheads in the regulatory space.