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Beginner’s Guide to Crypto Trading Bots

Trading bots are super interesting and can be super profitable. Learn more about trading bots and start earning money with them.

Dean Jovceski



Crypto trading bots are virtual robots that can make automatic trades. People can program crypto bots to follow their trading strategies. Then they can execute trades automatically. With crypto bots, you can make trades really quickly. Basically, they are the ultimate money machines.


Pionex is a crypto exchange with a lot of cryptocurrencies on its platform. They have pre-build trading bots and they give recommendations on the best bots.

On Pionex you have access to 12 unique trading bots for no additional fees. These bots give you the opportunity to automate your trading strategy. This means that you don’t need to constantly monitor the market.

They also have a great mobile app with very low trading commissions. This is a great way for mobile investors to trade for high volume.

Some of the best trading bots options are grid trading bot, leveraged grid bot, trailing sell bot, DCA bot, spot futures arbitrage bot, martingale bot, and rebalancing bot.

Other than trading bots they also offer trading between some of the most popular cryptocurrencies. The only downside is that the platform only allows crypto-to-crypto trades.

They don’t offer the possibility to use fiat currency with a credit card or a bank transfer for funding your account. So in order to use this option, you must own cryptocurrency.

Grid trading bot

A grid trading bot is supposed to buy low and sell high. When the price is at a low point the grid trading bot will automatically buy an asset. When the price is at a high point the grid trading bot will sell the asset. This way you will constantly earn some income capitalizing on market volatility.

The grid trading bots allow you to set a price range and also the number of grids. You can set it by yourself or choose their advanced AI to do it for you. The AI parameters are based on data from the last 7 days.

Pionex even has a reverse grid bot that you can benefit from. The reverse grid bot will let you store your assets when the price is decreasing. If you think that for some asset the price will drop you should use the most of this.

For the reverse grid bot, you need to set up your own configurations, like the number of grids, price range, and the percentage of funds.

If you want an unlimited number of grid bots Pionex has a premium version of grid trading bots.

Steps for creating a grid trading bot:

  1. Log in to your account on and on the right side of the screen you will see the grid trading bot option, then click create
  2. Choose AI strategy – recommended parameters based on the data of the last 7 days
  3. Choose manual setting – if you want to set up your own parameters
  4. Finally click the create button
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Spot futures arbitrage bot

This bot works with the same method as the standard grid bot, but with the possibility to amplify returns. You can leverage margin returns of 1.2x, 1.5x, 2x, and 3x. The recommended setup is 2x leverage.

The higher the leverage the higher the profit is. But with higher leverage, there is a higher chance to become liquidated. This means selling all of your assets for cash. Investors choose this option only if they need cash or to get out of a bad investment.

If you want to play it safe there are ways to limit the losses and gains. First, you can set the range on your bot, make an analysis, and set the bot to only activate if it is in the range and limit the size of trades and the limit on the number of open trades.

By using the spot futures arbitrage bot you can earn some nice passive income, taking advantage of the volatile crypto market.

Steps for creating an arbitrage bot:

  1. Log in to your account on and on the right side of the screen you will see the spot futures arbitrage bot option, then click create
  2. Select the target coin and the leverage you want
  3. Place the amount of money you want to invest
  4. Click the create button
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Rebalancing bot

Rebalancing is the process when you try to maintain the original or desired level of risk by buying or selling assets. The rebalancing strategy is used by investors when they are buying low and selling high in order to smoother their portfolios.

This is where the rebalancing bot comes useful. The rebalancing bot will help you perform the rebalancing strategies with dual or with multiple coins. If you want to hold multiple coins at the same time for a long time the rebalancing bot can be your choice.

The perfect time for using the rebalancing bot is when the price of the coins is really low. In order for the rebalancing bot to work you need to make a minimum of $100 investment, while the rebalancing bot itself is free to use.

Steps for creating a rebalancing bot:

  1. Log in to your account on and on the right side of the screen you will see the rebalancing bot option, then click create
  2. Choose from the pop-up menu: Dual coin mode or Multi coin mode
  3. After you made your choice click create
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Also read: Best Ways to Save Money during Inflation

This is Dean and he is a former banker with a passion for writing. He has Bachelor’s degree in Economics and an FCE English level certificate. Dean is an honest person looking for long-term partners and always giving clients more than they expect.

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