Cost & Benefit of Grid Trading Platform

Crypto-world is the new formation that pursues more efficiency, equality and intelligence. We had seen what Bitcoin, a peer-to-peer cash system without intermediate party, provides an instant, efficient and borderless payment solution to humanity. That’s why the crypto and blockchain industry should prosper as well as crypto trading bots.

Grid Trading bot is one of the famous tools that help traders to arbitrage between volatility automatically day and night, which brings many benefits to investors. Therefore, many crypto-exchanges and companies that operate and build trading bots systems for crypto-traders, such as BOXTradEx, Pionex, Binance and Kucoin, etc.

If you are a Grid Trading user, we conclude and compare the cost and benefit between those Grid Trading bot platforms that may be an instruction to which platform is suitable to you.

Key Takeaway & Briefly Comparison

We conclude and list each dimension systematically of platforms that provide Grid Trading bots to crypto-investors in the chart below. You can treat it as a reference to choose which platform and services may fit your demands or benefits.

• BOXTradEx emerged this year and commits to provide a new formation of crypto-exchange based on high security and compliance, the primary application are Grid Trading bot and DCA strategy.
• Pionex offers 5 free different kinds of Grid Trading bot with multi-level trading fee structure, also provides the largest grid support and available trading pairs.
• Binance provides trading bot services only on the USD support futures market, and it also allows users to open Grid Trading strategy in 3 different modes, neutral, long and short.
• Kucoin supports Grid Trading bot in spot and futures market, and it can be seen as a great challenger to Pionex.

Why Grid Trading Bot?

Grid Trading bot is mainly built for liquidity support and volatility arbitrage, it has proven to be the most popular trading tool in the cryptocurrency market. Because of the characteristics of high volatility and liquidity demand, the grid trading bot helps users to make profits automatically and more efficiently with the mechanism, buy low and sell high within ideal price range.

4 Grid Trading Platform You Need to Know

There are several exchanges with in-built free Grid Trading bots, and those are all great trading tool providers for crypto-investors, but have some distinct characteristic, cost and benefit.

• BOXTradEx — Crypto-platform with a mission to free the barriers of investing cryptocurrency. Chat Group Official Link
• Pionex — The World’s Leading Cryptocurrency Exchange with free trading bots. Chat Group Official Link
• Binance — The world’s leading blockchain ecosystem and digital asset. exchange. Chat Group Official Link
• Kucoin — Find the Next Crypto Gem on KuCoin, People’s Exchange.
  Chat Group Official Link

Costs & Benefits

BOXTradEx

BOXTradEx offers Grid Trading bot with multi-connection liquidity pools which build up a strong independent owned liquidity system and allow it to be combined with other liquidity providers. Moreover, BOXTradEx aims to develop a crypto-platform that is firstly based on security and legal compliance, hence, BOXTradEx collaborated with global leading institutions, Circle and Binance, to secure users’ digital assets in high-level custody solutions. Also, keep forming crypto-alliance for providing crypto-payment and exchange solutions in Southeast Asia.

Costs

1. Grid Trading bot is Free to use.
2. Grid Trading bot user with only 0.05% trading fee.

Benefits

1. BOXTradEx offers a relatively low minimum investment amount to open a Grid Trading bot, which is more user-friendly and enhances the elasticity of use cases. You can simply use less than 100 USDT to open Grid Trading in ETH/USDT with 100 grids.
2. The referral program of BOXTradEx provides relatively low hurdles to get commission rebate 20% and 30% which depend on how many qualified users you invited.
3. BOXTradEx launched a 20 USDT trading bonus to every user who passed the KYC process in the platform, users can use trading bonus to experience Grid Trading bot and take profits.

Pionex

Pionex is the first exchange that aggregate the liquidity from both Binance and Huobi, it ables to provide 12 built-in trading bots on the platform itself. Grid Trading bot is the most famous trading bot on the platform.

Costs

1. Grid Trading bot is Free to use.
2. The trading fee is based on user level, basic 0.05% and lowest to 0.01%.

Benefits

1. Pionex provides most of the trading pairs in Spot market to allow users to open Grid Trading bot, also have leverage trading pairs and non-USD quote pairs.
2. For Grid Trading bot in Pionex, users have options to customize their strategy or use AI. In addition to custom functions, users can utilize advanced settings to enhance the performance of Grid Trading bot, such as trigger price, stop loss price, etc.
3. Pionex allows users to open Grid Trading bot with maximum 200 grids, besides, Pionex has a special program to unlock a quantity of grids to 1000.

Binance

Binance is a global leading crypto-exchange which constructs crypto-ecosystem by its blockchain and platform, also provides multiple crypto trading services, one is Grid Trading bot. Binance provides Grid Trading bot services only on the futures market.

Costs

1. Grid Trading bot is Free to use, but users need to understand the rules of Futures market.
2. The trading fee is based on user level, basic 0.02% and lowest to 0% on Futures trading.

Benefits

1. Binance offers Grid Trading bot in their Perpetual Futures market, and allows users to utilize leverage to do arbitrage. The Futures market contains a higher risk-return profile than the Spot market.
2. The Grid Trading bot in Binance have 3 strategy modes to select, Long, short and Neutral mode. For Long and Short mode, users will have an initial position (Long or Short) while simultaneously placing buy-limit and sell-limit orders at predetermined intervals to capitalize on market volatility and consolidation phase. For Neutral mode, the user won’t have an initial position, the bot will place limit buy and sell orders automatically within the price range.
3. Binance has a comprehensive referral program to users, with 20% commission rebate to the entry level and up to 30% to the specified BNB holders.

Kucoin

KuCoin was a famous exchange back in 2017. It provides a wide variety of altcoins and distinctive trading functions for users. KuCoin provides Grid Trading bot right within the platform, also supports AI and customize functions like other platforms. One of the advantages of Kucoin is that users can use Grid Trading bot in both Spot and Futures market, furthermore, the flexibility and innovation of Grid Trading bot is great.

Costs

1. Grid Trading bot is Free to use in Spot and Futures market.
2. The trading fee is depended on user level, highest 0.1% to lowest -0.005% (Rebate to user).

Benefits

1. Kucoin supports over 100+ coins/tokens in the Spot and Futures market.
2. The Grid Trading bot in Kucoin has customized strategy functions as well as AI strategy, moreover, new users can learn tutorials and ranking infos when open the Grid Trading bot.
3. Kucoin has several trading campaigns to Grid Trading users periodically, the community members who create specified Grid Trading bot can share 2000 USDT prize.

How to Choose which Grid Trading Bot is the Best?

In general, there is no absolutely correct answer to which Grid Trading bot is the best between those platforms. It all depends on the user’s preference and demand, and that’s why we choose this topic and conclude the costs and benefits comparison with it. You can select which platform is suitable to your case, however, you can still try the platform mentioned above and experience the magic of Grid Trading bot!

Of course, there also other elements can be evaluated…

1. Security & Liquidity
2. Customer Service
3. User Experience

In conclusion, Grid Trading bot is an automated trading tool that can help you execute your investment plan more easily, effectively and saving your time. If you are new to Grid Trading bot, just learn it and get your FREE BOT in the place!!