Birdeye Exploration: Top 5 Crypto Trading Bots You Need to Try
Crypto traders often use trading bots to automate their strategies, capitalizing on market opportunities 24/7 without the need for constant manual oversight. These bots can also execute transactions faster and more efficiently than manual trading, reducing the impact of emotional decision-making and potentially increasing profitability.
In today’s blog, we’ll explore 5 crypto trading bots and highlight some of their standout features that we believe traders should consider trying out. While users typically deposit funds into the bots’ custodial wallets, we also cover options that enable you to connect your existing wallet to the Telegram trading bot, enhancing security control.
1. Unibot — lightning-fast crypto trading using Uniswap V2 and V3’s liquidity pools
Trading on-chain can be time-consuming to navigate — Unibot was created to help crypto traders trade with a single Telegram command. Mainly recognized for its sniper bot on Ethereum, Unibot has expanded to new networks like Solana and Base.
Let’s have a look into the trading bots Unibot has — Unibot Sniper Bot, Unibot Alpha Scanner, and Unibot on Solana — and their standout features:
a. Unibot Sniper Bot:
A sniper bot helps traders quickly buy a new token as soon as they are launched to capitalize on its initial price surge. When starting out, each user will get assigned three Unibot wallets to top up for trading in the chat.
Highlight features of Unibot Sniper Bot:
- Method Sniper: Buy tokens early by targeting specific projects at their launch.
- Mirror Sniper: A copytrading tool for replicating successful traders’ moves.
- Buy Limit and Sell Limit: Automate buying and selling an ERC-20 token (Ethereum’s token standard) when it hits a certain price level. You can apply a single trade limit command to multiple Unibot wallets at once.
- PNL Analysis: Get an analysis of the profits and losses of any of your Unibot wallets.
b. Unibot Alpha Scanner:
Traders will receive alerts whenever an Ethereum wallet generates more than 0.25 ETH profit from selling a position. This helps you see which tokens have a good price action.
c. Unibot on Solana:
Earlier this year, the Unibot team has also launched a bot specific for the Solana community, which is now showcased on Birdeye’s UI for all SPL tokens (Solana’s token standard) for user’s convenience.
Some of Unibot on Solana’s special features include:
- Limit Orders: Enables traders to buy or sell tokens at a certain price from DEXes that don’t support limit orders natively.
- Dollar-Cost-Averaging (DCA): Sets fixed amounts to buy or sell effortlessly and navigates market fluctuations with ease.
- ETH/SOL Bridge: Provides convenience to traders, additionally giving them the options to prioritize the fees for optimal transaction speed or cost.
Unibot on Solana also has a referral program. Referrers get 25% of transaction fees. For traders with over $10,000 weekly trades, it increases to 35%. Their referees get 10% discount on trading fees.
2. BONKbot — a Solana-native trading bot
Launched in April 2023 and built by the $BONK team, BONKbot is popularly known as a crypto Telegram bot for trading SPL tokens.
It’s gained good sentiment amongst the primary community for its user-friendly interface and innovative security features. BONKbot offers straightforward commands, making it suitable for both beginners and experienced traders. In partnership with Jito Labs, it also offers MEV protection to reduce price slippage and keep trades’ integrity intact. MEV protection refers to mechanisms designed to prevent unfair practices like front-running or manipulation in blockchain transactions.
Some of BONKbot’s highlighted features:
- Buy and Sell & Manage: Make faster trades based on specific or customizable amount of SOL in your BONKbot wallet for quicker execution. Token trading data, such as Price, % Price change, and Market Cap, is powered by Birdeye.
- Alerts: Redirection to a BONKbot official group with multiple channels. The official team shares trending tokens based on their 30-minute chart’s trend; new token pools; burned and renounced tokens; and more. All data is powered by Birdeye amongst other partners.
BONKbot also has a referral program for its users. All referrers get 30% of their referees’s trading fee in the 1st month, 20% in 2nd month, 10% thereafter.
3. Maestro — an OG Telegram crypto trading bot
Built in 2022, Maestro is no longer a stranger to avid crypto traders. At the time of writing, it has accumulated a lifetime trading volume of US$4B based on Dune’s analytics, indicating users’ trust in the bot. Maestro is now available on Ethereum, BNB Chain, and Arbitrum.
Let’s have a look into its three distinct bots: Maestro Sniper Bot, Maestro Whale Bot, and Maestro Wallet Bot:
a. Maestro Sniper Bot:
This bot helps users “snipe” newly launched tokens on various chains by quickly buying them during their launch phase. The bot charges a 1% fee on successful trades.
Some of Maestro Sniper Bot’s feature highlights:
- Auto Sniping: Set parameters for the bot to automatically “snipe” tokens at launch, aiming for quick execution.
- God Mode (Advanced): Offers premium features like block delay adjustments, slippage control, and gas fee optimization.
- Advanced features: More suitable for advanced traders to set desired delta gas value; auto sell; sell-hi (auto sell for profits at high threshold), sell-low (auto sell to prevent further losses at low threshold); and sell-..mount (sell a desired amount of your holdings).
Referrers of Maestro Sniper Bot will also get 25% of the trading fees from their referee.
c. Maestro Whale Bot:
Traders can follow certain crypto whales and their on-chain activity to receive notifications on their movements! This bot also offers technical and sentiment analysis but requires a paid subscription.
c. Maestro Wallet Bot:
This bot allows you to manage their cryptocurrency wallets directly within Telegram, offering functions like sending, receiving, swapping tokens, and tracking your portfolio. It’s completely free to use.
4. Dialect Operator — a ‘conversational’ and decentralized Telegram trading bot
Launched in January 2024, the Dialect team has built Dialect Operator — a Solana-native crypto trading bot that allows traders to buy and sell tokens directly within their Telegram chats.
While providing standard trading commands, it extends various unique offers to traders, including:
- A unique conversational interface: Users can instruct the bot to buy, sell, swap, or get info on tokens using natural language, streamlining crypto trading process.
- Advanced security with hot wallet connection: Instead of holding your fund in its custodial wallet, Dialect Operator lets traders connect their Phantom wallet to its Telegram trading bot. This integration helps ensure that users’ private keys remain secure. Connecting with Phantom wallet is currently only available on iOS and will soon be on Android, the Saga phone, and desktop version.
- Zero bot trading fees: Dialect boasts zero fees, except for Jupiter’s fees, eliminating unnecessary costs and maximizing the potential returns for traders.
Dialect currently doesn’t have a referral program in place yet, but we believe the above offerings are persuasive enough for curious traders to give it a go!
5. Banana Gun Sniper Bot — a decentralized and centralized crypto trading bot
Since its inception in June 2023, Banana Gun Sniper Bot is primarily an Ethereum trading bot. It has both a centralized and decentralized element to it, which we think makes it unique. Users can create and name their own Banana Gun Bot’s wallet or import their existing Ethereum wallet like MetaMask.
Amongst standard trading bot’s features like buy, sell, swap, Banana Gun Sniper Bot offers extensive limit order features, including:
- Buy Limit Orders: Cite the ETH amount you want the bot to use to buy an ERC-20 token and the ETH tips (humorously known as a ‘bribe’) to get ahead of the trade.
- Sell Limit Orders: Automatically limit losses or take profit on your holdings at a desired price. This feature is also available for unlaunched tokens.
Banana Gun Sniper Bot’s referrers get 10% of all transaction fees. The reward is updated every 2 hours and the minimum claim is 0.05 ETH.
Optimize your trading journey with crypto trading bots
We could see that crypto trading bots provide traders with automation, speed, and efficiency, offering opportunities to capitalize on market fluctuations without constant oversight. Each bot discussed in this blog presents unique features catering to different trading preferences. Whether seeking lightning-fast transactions, user-friendly interfaces, innovative security measures, or conversational trading experiences, there are diverse options available to suit various trading styles and objectives.
Are you a crypto trading bot looking to use Birdeye’s crypto trading data? Please reach out to our Business Development Manager @thao191101 on Telegram!
Disclaimer
Birdeye only serves as a supporting tool to help users make informed trading decisions, not giving them financial advice! Please always conduct your own research and take responsibility for all of your investment decisions.
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