Telegram Trading Bot Development: To Build An Advanced Crypto Trading Bot On Telegram

In the fastest changing crypto world , traders are constantly looking for new tools and approaches to improve their strategy. One such tool that has grown in popularity is telegram crypto trading. These automated software tools carry out trades using established algorithms and market indications, giving traders a competitive advantage. In this blog, we will look into Telegram trading bots, how they work, their advantages, functionality, types, etc.

Telegram trading bots landscape 

Telegram, with over 800 million monthly active users, represents a promising frontier for cryptocurrency growth. Critics of crypto powered Telegram bots claim that these tools can make it easier for beginners to enter the digital asset space, making it more accessible and user comfortable. The recent boost in interest covering Telegram bots appears to correspond with rising token values and greater media attention.
According to CoinGecko data, the total market valuation of Telegram bot tokens has surpassed $300 million, with several tokens growing rapidly. Notably, Unibottoken leads the group, accounting for more than 77% of its market valuation. 

Telegram Trading Bot Development 

Telegram Crypto Trading Bot Development aims to establish an environment in which trading crypto becomes more profitable, particularly after the inclusion of new trading bots. Telegram bot is mostly used to enhance the trading experience. With this telegram trading bot, trading is made easy for new and existing traders because it delivers trading guidance that allows users to yield more profit in a secure environment. 
Hivelance is a prominent Crypto Trading Bot Development company that offers telegram trading bot development services. We provide tactically-programmed, customizable trading bots for your trading business. We design and develop crypto trading telegram bot solutions depending on the client’s requirements and provide exclusive top-rated telegram crypto trading bot services. 

Advantages of using Crypto Trading Bot Development on telegram 

Telegram bots are used by both skilled and inexperienced users. The primary advantages of using Crypto trading bot on telegrams are, 

Swaps take place instantly: Buying and selling with telegram bots is dozens of times faster than manually placing orders on DEX. The trojan service speeds up deals on the UniSwap exchange by 6 times compared to the website. 

Enables automated trading: The bot may trade using pre-selected strategies and user defined parameters. This provides 24/7 access to exchanges and boosts the likelihood of profitable trades.Risk management options help to avoid excessive losses. Automated trading likewise lowers the risk of emotional decisions to zero. 

Easy way to buy/sell obscure coins: Orders are placed on several DEXs, which allow you to purchase tokens that have not yet been published on centralized exchanges (CEX). This method is ideal for beginners as it requires only copying the token’s contract address and sending it to the bot in chat. 

Instant notifications: The trading bot provides traders with up to date information regarding crypto market movements, transactions, and profits gained around the clock. The bot uses telegram chat to send messages directly to your smartphone.

Utilize technical indication: RSI, ADX, MACD, MA, and other indicators are used by the bot to better evaluate the market movements and make lucrative judgements. 

Primary features of Telegram Bot Development 

In general, prominent telegram bots offer three or more features and trading techniques. 

Trading: Buying and selling coins directly via messenger using our telegram trading bot development. 

Stop loss and take profit orders: Buy when the coin price hits a specific level. 

Crypto trading: The practice of mimicking the trades of successful traders. 

Snipping: The quick purchase of coins that have emerged on crypto exchange.

Farming Airdrops: A trading bot goes through a set of steps to participate in token distribution. 

Additional features can be added as well. Examples include Crypto Market Data, Crypto Asset Tracking, Real-Time Price Updates, News, Trends & Sentiment and more.

Additional features of Telegram trading bot development 

While the instructions above covers the fundamental building of a crypto tracker bot, developers who want to increase the bot's features should consider the following,

Crypto market data 

Use the global and coin markets endpoints to get crypto market data, including market cap, volume , liquidity, dominance, and sentiment on the dashboard. This information can provide consumers with a thorough insight of the current situation of the crypto market. 

Crypto Asset Tracking

We develop capability to track a broader range of crypto assets. This could entail integrating to obtain a complete list of all available coins. This feature allows users to keep track of a broad array of crypto assets.

Real time price updates 

We enable customers to receive real time price information for their chosen crypto assets. This would entail connecting with the price endpoint. Real-time updates can help people make informed investing decisions. 

News, trends and sentiments

We use social media monitoring to provide sentiment based notifications and the dashboard displays the most recent news, trending coins , and popular crypto categories. Staying up to date on the latest news and trends can help people make financially sound choices.

Fetching and Displaying Portfolio Details

We add a portfolio management feature to your bot to provide customers with real time updates on their crypto investments. This contains the overall portfolio value, individual asset prices, and changes over time. It may also monitor performance, diversification, and risk, allowing users to make informed decisions. This feature world necessitates integration with new APIs or services that grant access to user portfolio data. 

Telegram Trading bot types 

Our telegram crypto trading bots are classified into several varieties, each with a specific function to fulfill the varying needs of traders. 

Arbitrage bots: Identify price variations across different exchanges to profit from asset price variances. 

Market Making Bots: Providing liquidity to crypto markets by consistently placing buy and sell orders, earning from bid-ask spreads, and stabilizing trading activity. 

Signal Bots: Analyze market data and generate trading signals based on technical analysis or other criteria, with notifications sent via Telegram. 

Portfolio Management Bots: Help track bitcoin holdings, evaluate performance, and provide insights on diversification and risk management. 

Automated Trading Bots: Execute trade using predetermined strategies or algorithms with customizable parameters for entry, exit, risk ,and position sizing. 

Copy Trading Bots: Permit users to replicate deals made by expert traders or algorithms, resulting in automatic replication of trading activity. 

Exchange Integration Bots: Integrate with crypto exchange to enable direct transaction execution within the telegram, enabling quick cross-platform trading.

How does a Telegram Crypto Trading Bot work ?

Crypto telegram bots are automated programs that reply to certain commands or keywords sent by users in a telegram chat. These bots often use APIs by bitcoin exchanges, market data aggregators, or proprietary trading algorithms. These APIs allow bots to retrieve data, make transactions, and deliver information to users. 

Setting up a crypto telegram bot requires several basic steps, 

Bot creation 

Developers use BotFather to construct a bot on telegram, which creates an API token that is required for the bot’s functionality.

API integration 

Telegram bot developers use APIs from crypto exchange and other sources to acquire real time market data and perform trades efficiently. 

Command mapping 

Developers can set commands for the bot to recognize and reply to. For example, typing /price BTC may cause the bot to obtain the current bitcoin price. 

These procedures set the groundwork for a crypto trading telegram bot’s functionality, allowing it to provide useful services to telegram subscribers. 

Best crypto trading bots on telegram 

• Pionex
• 3Commas 
• WunderTrading 
• HassOnline 
• Cryptohopper

Why Hivelance for Telegram Trading Bot Development ?

If you want to simplify your trading using commands, a crypto telegram trading bot is the perfect choice for you. These crypto-telegram bots offer numerous advantages to consumers, particularly in terms of accessibility, ease, and efficiency. They bridge the gap between the crypto community and the dynamic crypto market by providing real-time data and analysis, allowing users to make informed decisions.
Want to create your own Telegram trading bot, Contact Hivelance, a professional crypto trading bot development firm that creates creative trading bot solutions to execute profitable trades easily.

Then do not wait!!

Create your own Telegram bot now.