8 Best Crypto Trading Bots In Australia (May 2022)

April 25, 2022
Blog

As a long-time crypto aficionado, I constantly keep up with the latest and greatest crypto trading bots coming out every day, always looking for the lowest fees and best features. I’m confident these recommendations are currently the best bots available in Australia.

Overall, our top pick for crypto trading bots is Pionex. It supports 346+ cryptocurrencies, it’s available in 100+ countries, and it averages 100 million trades per day. Pionex bots are completely free – no bot fees, no subscription, just a 0.05% trading fee.

1. Pionex

Pionex is a Singapore-based crypto exchange, renowned for its innovative work with crypto trading bots. Founded in 2019, Pionex supports 346 different cryptocurrencies and 16 unique trading bots, including Stop Limit, Dollar Cost Averaging, and Grid Trading Bots; all bots are completely free to use.

Pionex’s trading fees are some of the lowest out there, starting at just 0.05% of each trade. Crypto deposits are free, and new Pionex users can get up to 20% off trading fees and gain access to the Grid Bot insurance fund by signing up using this link.

Pionex is partnered with Binance and some of the largest crypto security platforms in the world, including Sumsub and Simplex. It averages 100 million trades per day, and it was the first exchange to be granted FinCEN’s Money Service Business License in the US.  

Features

  • Supports 346 cryptocurrencies
  • 16 free crypto trading bots
  • Available in 100 countries
  • Android and iOS app
  • Leverage trading
  • Two-Factor Authentication (2FA)

Cost

  • Trading Bot Fees: Free
  • Trading Fees: 0.05%
  • Crypto Deposits: Free
  • Credit Card Deposits (In Europe): 3.5%
  • Credit Card Deposits (Outside Europe): 4.5%
  • Withdrawal Fee: Depends on the crypto (0.0005 BTC for Bitcoin)

Signup Bonus

20% commission rebate when you sign up using this link.

Best For

New or experienced investors looking for a methodical, numbers-based, hands-off approach to investing.

2. Coinrule 

Coinrule is a web-based platform that connects crypto trading bots with 10+ of the largest crypto exchanges. It works by using APIs to automate trading, and some of the supported exchanges include Binance, Kraken, and Coinbase.

Coinrule offers 10,000+ pre-made strategies and rules, and you can customize your own; some of the most popular strategies are Ride the Trend, Buy the Dip, and Low volatility buy/sell. Other useful features are its Backtesting tools and Demo Environment, where you can try out strategies without risking real money.

Coinrule doesn’t charge any trading fees; instead, like most trading bots, it offers users a monthly plan that ranges from $27.99 to $449.99. For the basic plans it offers 4 rules and 1 connected exchange, and new users can claim a free 7-day trial of the basic plan. The Pro Plan has 100 rules and unlimited linked exchanges.

Features

  • Compatible with 10+ crypto exchanges
  • 150+ Premade rules
  • 10,000+ strategies to pick from
  • Create Custom rules
  • Advanced tools: Backtesting
  • Demo Environment
  • Two-Factor Authentication
  • Military-grade encryption

Cost

  • Trading Fees: N/A
  • Basic Starter Plan (4 rules, 1 connected exchange): Free
  • Hobbyist Plan (14 rules, 2 connected exchanges ): $27.99/mo
  • Trader Plan (30 rules, 3 connected exchanges): $59.99/mo
  • Pro Plan (100 rules, unlimited exchanges): $449.99/mo

Signup Bonus

Earn 25%-30% rebates when you sign up using this link.

Best For

New investors looking to choose from over 10,000 strategies and experienced investors looking for a test environment and high compatibility with crypto exchanges.

3. KuCoin

KuCoin is a cryptocurrency exchange that began operations in Hong Kong in 2017 and bills itself as “The People’s Exchange.” KuCoin Trading Bots are free to use for KuCoin users, and some of the most popular is the Spot Grid, Futures Grid, and Smart Rebalance bots.

KuCoin’s main objective is to offer a simple and secure platform for crypto investors, and it has been a success: in just five years it has attracted over 8 million users. Besides buying and selling crypto, KuCoin supports margins, futures, and P2P trading.

New KuCoin users receive a $10 sign-up bonus, and if you’re willing to freeze your crypto for a short period you can earn up to 10% in interest. KuCoin takes security seriously, with features like multi-factor authentication, encryption, and an additional trading password.

Features

  • Users can also get trading fee discounts based on their KuCoin Token (KCS) balance.
  • KuCoin Trading Bots, invest on autopilot using Dollar-Cost Averaging (DCA)
  • Supports market, limit, stop-limit, and stop-market order types
  • Crypto Staking, earn up to 10% interests
  • Supports 600+ cryptocurrencies
  • Margin Trading

Cost

  • Crypto Trading Bot Fees: Free
  • Trading Fees: From 0.0125% to 0.1%
  • Makers Fees: From 0.0125% to 0.1%
  • Takers Fees: From 0.0125% to 0.1%
  • Deposit Fees: Free
  • Withdrawal Fees: Depends on the coin (For BTC: 0.0005 BTC)

Signup Bonus

$10 bonus when you sign up using this link.

Best For

Investors looking for a very secure platform, different market tools, and trading bots.

4. TradeSanta

TradeSanta is an automated crypto trading bot platform where you can create and run your own bots – all you have to do is link your crypto exchange using API keys. It is compatible with 9+ of the largest exchanges, including Binance, OKX, and Huobi, and it’s available on mobile devices, both Android and iOS.

TradeSanta offers many tools for bot developers, including Bot Templates and a Demo Environment. Additionally, developers can monetize their bots on the Bot Marketplace or through Mirror Trading, which allows users to copy strategies from more experienced investors. 

Some of the most popular markets are spot and futures trading, and TradeSanta offers leverage trading for both. TradeSanta uses Two-Factor Authentication (2FA), and relies on APIs to synchronize with your exchange – rest assured, at no point will your funds leave your exchange.

Features

  • Leverage trading (Spot and Futures trading)
  • Mobile app available on Android and iOS
  • Compatible with 9+ crypto exchanges
  • Bot marketplace
  • Mirror Trading

Cost

  • Trading Fees: N/A 
  • Basic Plan (up to 45 bots): $15/mo
  • Advanced Plan (up to 99 bots): $27/mo
  • Maximum Plan  (unlimited bots): $35/mo

Signup Bonus

20% discount on plans when you sign up using this link.

Best For

Investors looking for top-level security and bot developers looking to monetize their bots.

5. CryptoHopper

Launched in 2017, Cryptohopper is a Fintech company and crypto trading bot provider. It works as an extension of some of the largest crypto exchanges, including Binance, Huobi, and Kraken, and it merges seamlessly with the interfaces of a total of 9 crypto exchanges.

Cryptohopper provides highly customizable trading bots, and it doesn’t charge any trading fees; instead, it uses a subscription-based model. Cryptohopper’s plans range from $15 to $85, and monthly open positions – or trades – range from 20 to 500, depending on the plan.

Cryptohopper supports 75 cryptocurrencies across 9 exchanges, and it is regulated by Cyprus-based CySEC. Some of Cryptohopper’s best features include Copy Trading, used to copy the portfolios of successful traders, a Test Environment, and a 7-day full free trial of the Explorers plan.

Features

  • Compatible with 9 crypto exchanges
  • Supports 75 cryptocurrencies
  • Copy Trading
  • Test Environment
  • 130+ Premade strategies
  • Advanced tools: Backtesting & Arbitrage
  • Customizable Strategies and Market Signals
  • Supports Trailing Stop Loss, Stop Buy and Stop Short

Cost

  • Trading Fees: N/A 
  • Pioneer Plan (20 open positions, 0 triggers): Free 
  • Explorers Plan (60 open positions, 2 triggers): $16.58 
  • Adventurer Plan (200 open positions, 5 triggers): $41.58
  • Hero Plan Plus (500 open positions, 10 triggers): $83.25 

Signup Bonus

Earn 10%-15% rebates when you sign up using this link.

Best For

New or experienced investors looking for highly customizable trading bots.

6. Bitsgap

Based in Estonia, Bitsgap is a crypto trading bot software that works in tandem with over 25 of the largest cryptocurrency exchanges, including Binance, Bitfinex, and Gate.io. It supports over 10,000 trading pairs and over 100 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

Bitsgap offers two types of bots: Grid Bots and Futures Bots. After you pick the type you can choose from existing strategies like Buy The Dip Bot and Scalper Bot, or create your own customized Custom Bot. There’s also a Test Environment and an App available for Android and iOS.

Bitsgap doesn’t charge any trading fees, that depends entirely on your exchange; instead, it offers monthly plans ranging from $29 to $149. For new users, there is a free 7-day trial to test out all the features. In terms of security, Bitsgap uses 2048-bit standard encryption and 2FA.

Features

  • Compatible with 25+ crypto exchanges
  • 175+ TradingView indicators
  • Over 10,000 trading pairs
  • Android and iOS app
  • Test Environment
  • Supports Stop, Stop Limit, Limit, Scaled, among many others

Cost

  • Trading Fees: N/A 
  • Basic Plan (2 active trading bots): $29
  • Advanced (5 active trading bots): $69
  • Pro Plan(20 active trading bots): $149

Signup Bonus

30% commission rebate when you sign up using this link.

Best For

Investors looking for top-level security and a test environment to try out investing strategies.

7. Shrimpy.io

Launched in 2018, Shrimpy.io is a very complete financial portfolio-management solution. It is compatible with over 30+ crypto exchanges, including Binance, Bittrex and Coinbase, and 13 wallets, including 1inch Wallet, Coinomi, and the Huobi Wallet.

Shrimpy was one of the first to bring Indexing and Portfolio Rebalancing to the crypto world, and all Shrimpy users have access to it. Additionally, there’s a portfolio Backtest environment and a Copy Trading feature. Indexing is also available, to automatically rebalance using different parameters.

Shrimpy also keeps track and manages all your portfolios, and keeps it organized in one place – the Shrimpy Dashboard. In terms of security, your API key is securely encrypted and stored using FIPS 140-2 and validated hardware security modules.

Features

  • Compatible with 30 exchanges and 13 wallets
  • Automatic portfolio rebalancing
  • FIPS 140-2 Encryption
  • Portfolio Backtest
  • Indexing tools
  • Copy Trading

Cost

  • Trading Fees: N/A 
  • Starter Plan (connect 5 exchange accounts): $15/mo
  • Professional Plan (connect 10 exchange accounts): $63/mo
  • Enterprise Plan (connect 25 exchange accounts): $299/mo

Signup Bonus

30% rebate when you sign up using this link.

Best For

Investors looking for a complete DeFi service with top-level security and portfolio-management services.

8. Trality

Launched in 2019, Trality is an algorithmic trading platform for coding trading bots. It is compatible with Binance, Coinbase, Kraken, and Bitpanda, and in just two years it reached an average daily trading volume of $10 million. 

Trality allows users to create their own trading bots, and even monetize them in a Marketplace. Users can create their own bots using the Code Editor, a web-based Python protocol for programmers; and the Rule Builder, a protocol of predefined rules and indicators that users can use to build a bot – no programming required. 

Trality offers 4 plans ranging from €9.99 to €59.99/mo, each offering from 1 to 10 customized bots. Trality is secured with Multi-Factor Authentication (MFA), and your funds are never held on Trality – in fact, they never leave your exchange; Trality just uses APIs to execute orders for you.

Features

  • Bot Creation Tools: Rule Builder (No programming)
  • Bot Creation Tools: Code Editor (Python)
  • 100+ Technical indicators
  • Bot Marketplace
  • Cloud-based platform
  • Advanced tools: Backtesting
  • Compatible with 4 crypto exchanges

Cost

  • Trading Fees: N/A
  • Pawn Plan (1 rented bot, 1 customized bot): Free 
  • Knight Plan (1 rented bot, 2 customized bots): €9.99/mo
  • Rook Plan (1 rented bot, 5 customized bots): €39.99/mo 
  • Queen Plan (1 rented bot, 10 customized bots): €59.99/mo

Best For

Experienced investors with some background in programming languages like Python.

What To Look For In The Best Crypto Trading Bots In Australia

There are many important factors to consider when you’re looking for the best trading bots to use in Australia. Some of these factors include:

Supported coins: There are tens of thousands of cryptocurrencies in existence, but cryptocurrency exchanges will only support a fraction of these coins. With that in mind, the more supported crypto coins an exchange offers, the better.

Data Analysis: Bots are designed to scan raw market data from various sources – before you make a choice make sure the bot has diverse sources of information to interpret, so it makes the best decision. Choosing a bot that allows users to customize data sources might be beneficial.

Risk Prediction: One of the most important features of trading bots: risk prediction. The bot you choose has to be able to accurately estimate the risk of an investment, and this is closely tied to the data analysis and the data that is being fed to the bot.

Buying/selling crypto assets: Crypto trading bots rely on API keys to execute buy or sell orders on your behalf. This makes buying and selling assets very easy for the bot – but keep in mind that It’s important to keep your API key secure..

Customer support:  Last but not least, make sure to check out the customer support options that are available at an exchange. If you have questions or need help with something, can they get back to you quickly? Is there a live chat feature where you can ask your question immediately and receive answers in real-time?

FAQs

Is It Legal To Buy And Trade Crypto In Australia?

Yes, cryptocurrency is legal in Australia, and you can buy, sell and use crypto without breaking the law. However, cryptocurrency is not currently considered legal tender in Australia, and the Australian government shows no indication of accepting it as such any time soon.

What Are The Best Types Of Trading Bots?

Arbitrage Bots: These bots work by crawling prices across different crypto exchanges and making smart purchases, buying low and selling high. Keep in mind these yield minimal profits, as prices of assets across exchanges are relatively close.

Short/Long Position Bots: These bots execute trades on what it considers the momentum of an asset – if the trend is bullish it executes a long position, if it sees a downturn in the market it triggers a short position.

Coin Lending Bots: These bots make loans to margin traders that are paid back with interests. This is similar to how loaning crypto platforms work.

Is Crypto Trading Taxable In Australia?

Yes. Even though the Australian Tax Office (ATO) doesn’t consider crypto as money, it is regarded as property, a CGT asset for all tax purposes. When a capital gain or loss is realized from cryptocurrency, the market value of the asset, in AUD, is used to calculate the tax. 

Are Crypto Trading Bots Regulated In Australia?

Yes. In Australia, cryptocurrency, digital currencies, and cryptocurrency exchanges are legal. The sale of crypto assets is regulated by Australia’s Financial Services Regulatory Regime.

Conclusion

As a long-time crypto aficionado, I constantly keep up with the latest and greatest crypto trading bots coming out every day, always looking for the lowest fees and best features. I’m confident these recommendations are currently the best bots available in Australia. 

Overall, our top pick for crypto trading bots is Pionex. It supports 346+ cryptocurrencies, it’s available in 100+ countries, and it averages 100 million trades per day. Pionex bots are completely free – no bot fees, no subscription, just a 0.05% trading fee.

The Best Crypto Exchanges In Canada

Best Overall

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Spreads: ~0.5%
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