Telegram crypto bots connect to your wallet and help users quickly automate and execute a wide variety of transactions. All bots differ in their features, the specific services they offer, and the bot interface.
Telegram Trading Bots has almost taken the crypto space by storm with their accessibility and convenience, and has recently emerged as a new narrative in the crypto market. Crypto trading bots that help traders automate their trading connect to decentralized cryptocurrency exchanges and execute all transactions according to predefined rules.
We have compiled the top 5 Telegram crypto bots for you according to their popularity and different features on social media.
1. Mizar
Backed by key figures like KuCoin Labs and Huobi Ventures, Mizar allows users to trade cryptocurrencies, stake MZR tokens and “copy trading”.
The Mizar platform has two main products: CeFi and DeFi crypto bots.
DeFi bots currently only supports Uniswap v2.0 and v3.0 on the Ethereum chain. Users can use DeFi bot to steal any new token launch or IDO. Some of these features are still under development.
Also, the Mizar Telegram bot has a token detector function where users can verify the security of any ERC-20 token. This includes features such as anti-whale functionality, contract owner verification.
CeFi boots , currently not available on Telegram, it is only available on the Mizar site. It supports 10 different exchanges, including Binance, KuCoin, and OKX. Besides buying and selling tokens on the bot, you can also use copy trading by entering the wallet addresses that will automatically copy the transactions of these wallets. Under the “Copy and Earn” program, users can also copy any wallet they want on the market. CeFi bot also has a unique DCA bot that allows users to reduce their Trading risk via Dollar Cost Average (DCA).
MZR coin is the native cryptocurrency of the app and staking the token also unlocks benefits for platform users. For example, when MRZ holders stake their tokens, they can enjoy discounted fees when using the platform’s bots.
MRZ holders who stake tokens can also participate in contests, receive referral rewards and unlock advanced features on their platform. An interesting feature that MRZ holders can enjoy if they stake their token is the “Copy & Earn” program, where holders can share their bots on their marketplace and earn passive income from other users who copy their trades.
2. Unibot
Next on our list is Unibot, a Telegram bot designed to make extremely fast swaps on Uniswap. It currently only supports Uniswap v2.0 and v3.0 on the Ethereum chain. While UNIBOT is free to use, it charges 1% tax for every successful trade.
According to the website, Unibot can process transactions 6 times faster compared to the traditional website Uniswap. When using bots, all you have to do is copy and paste the contract address of the token and send it as a chat to purchase the token. This eliminates the need for users to approve permissions at every step of the process.
Unibot also has a PNL Analysis function where users can see their profits or losses while trading with the bot. Additionally, it offers a token browser where you can get real-time updates about newly created tokens on the Ethereum network.
The platform has its own cryptocurrency UNIBOT. UNIBOT holders receive a discounted fee of 0.8 percent if they hold more than 50 UNIBOT tokens. Unibot is widely regarded as one of the most popular trading bots, with a market cap of over $129 million. UNIBOT token holders are also entitled to receive a portion of Unibot’s revenue share. Proportional to the number of tokens they own, Unibot redistributes 40 percent of transaction fees and 1 percent of UNIBOT’s transaction volume.
3. Maestro
Launched in 2022, the Maestro is one of the oldest bots on the market. It supports 3 different chains, BNB Chain, Ethereum and Arbitrum. While the Maestro bot is free to use, it charges 1 percent tax on every successful buy and sell transaction.
Maestro also provides a paid premium subscription that will cost users $200 per month to use a more advanced version of the bot, the “Maestro Pro Bot”. According to the website, the subscription is for hardcore users and advanced day traders. The subscription provides users with faster speeds, allows users to make more simultaneous transactions, exclusive access to token tokens and more.
One of the unique features of the bot is the ability to quickly contribute to pre-sales on PinkSale. When trying to contribute to a pre-sale, it’s often a defiance to contribute just before the pre-sale reaches the hard limit, and many people resort to paying high gas fees to make a contribution.
4. Wagie Boots
Wagie Bot is both Telegram and Discord based bot that works on Ethereum, BNB Chain and Arbitrum. Just like other bots, the platform is free to use, but Wagie Bot charges 0.8 percent for every transaction except stable swaps.
Native cryptocurrency WAGIEBOT was launched on July 10 with a launch price of $0.02. Just 13 days later, on July 23, WAGIEBOT hit an all-time high of $1.73. Depending on the number of tokens held, WAGIEBOT token holders can enjoy benefits such as cheaper bot fees and a higher number of transactions.
5. Banana Gun
Banana Gun divides its services into two different tiers: Tier 1 and Tier 2. Tier 1 services have more limited services such as manual purchase, 0.5 percent fee. On the other hand, Tier 2 services charge 1 percent but include more advanced features.
The bot currently supports many different features such as wallet creation, blacklist prevention and more. On the other hand, the Banana Gun team is still working on more features and has released a roadmap for their future plans. On August 1, the team recently announced another new feature. With this new feature, users will be able to automatically purchase all coins published on a channel of their choice. The Banana bot team also aims to create an ecosystem for the bot in the future.
Risks of using Telegram crypto bots
When you first start using Telegram cryptocurrency bots, you need to link your wallet to the bot so that the bot can trade on your behalf. However, this means that the bot has access to private keys and can pose a security risk.
While bots often claim to delete your private keys after they’ve been configured, there’s no sure way to know if your keys have been deleted. Therefore, we must consider the possible security trade-offs they may create. To be safe, if you are using Telegram bots, you may want to connect a separate wallet to the bot and only transfer the amount they use.
