Best Telegram Crypto Trading Bots

Best Telegram Crypto Trading Bots in 2024

Crypto trading bots offer automation to quickly identify, trade, and exit positions within seconds. What's neat is that in 2024 the best crypto trading bots are available directly on Telegram and don't need extra software.

Given the sheer volume of activity, with over 20,000 new tokens created daily on Solana alone, driven by platforms like Pump.fun on Raydium, manually scalping these tokens is nearly impossible, especially with 99% ending up as rug pulls.

Our list features five of the top ten Telegram bots, based entirely on personal experience. For those interested in further research, Dune's Dex Trading Bot Wars offers insights into this competitive field, tracking bots across metrics like trading volume and user activity.

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1. Banana Gun

Banana Gun is a solid option for Solana traders, known for its advanced automated trading features like auto-sniping and MEV-resistant swaps. With over $5.93 billion in trading volume and $41.91 million in fees generated, it’s a reliable choice in the crypto trading bot space. The bot is easy to set up, supporting both new and imported wallets, making it accessible for all user levels.

While it offers competitive speeds, some users have reported occasional transaction delays. Charging a 1% fee on snipes and 0.5% on other trades, Banana Gun remains a cost-effective and powerful tool, with future enhancements like copy trading on the horizon. As of August 2024, over 240,000 unique users have "played" with Banana Gun.

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2. BonkBot

BonkBot stands out as the fastest among Solana Telegram trading bots, delivering impressive transaction speeds that outpace its competitors. With an average transaction time of just 4.3 seconds, it’s ideal for traders who prioritize speed. The setup process is straightforward, and users are advised to use a wallet created within the bot for enhanced security.

Despite its speed, BonkBot has experienced some failed transactions during congested times, which may affect user confidence. The bot charges a standard 1% fee per trade and offers a referral program with a tiered structure, making it a competitive option for both novice and experienced traders.

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3. Trojan

Trojan is a reliable choice for traders who value functionality, albeit with slightly slower transaction times compared to Bonk Bot. Averaging 21.34 seconds per transaction, Trojan may not be the quickest, but it compensates with additional features like copy trading, which could appeal to users seeking more complex trading strategies.

While the setup is user-friendly, the bot has been reported to suffer from occasional failed transactions, particularly during high network congestion. Trojan also offers a generous referral program, with up to 35% commission on high-volume trades, making it an attractive option for users who engage in frequent trading.

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4. Unibot

Unibot falls behind in terms of speed, with an average transaction time of 22.8 seconds, making it the slowest of the four bots reviewed. While it provides basic trading functionalities, Unibot has faced issues with transaction consistency and withdrawal limitations, which could frustrate users looking for seamless trading experiences.

The bot charges the same 1% fee as its counterparts and includes a standard referral program. Unibot’s additional features, such as copy trading, may still attract users who prioritize these functionalities over speed. However, the bot’s performance and reliability issues suggest it might not be the best choice for high-frequency traders.

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5. Shuriken Bot

Shuriken offers a balanced experience with an average transaction time of 6.3 seconds, placing it second in speed after Bonk Bot. Its standout feature is its versatility, supporting multiple blockchains like Ethereum, BSC, and Avalanche alongside Solana, all within a single platform. This makes it a great choice for users who manage diverse portfolios.

Although Shuriken is slightly slower than BonkBot, its consistency and reliability during transactions make it a preferred option for many traders. The bot charges a 1% fee per trade and has a lower referral rate compared to others, but the upcoming airdrop could provide additional incentives for users.

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How Do Telegram Crypto Trading Bots Work?

Telegram crypto trading bots bring automation and efficiency to crypto trading, all within the familiar interface of a messaging app. Here's how they function:

• Automated Trading: Users can configure these bots to execute trades based on predefined criteria like slippage and trade amounts. Once set, the bot operates 24/7, monitoring markets and executing trades automatically.
• Trading Execution: While the bot operates through Telegram, the actual trading occurs on the blockchain. When a user inputs a token contract address and trade parameters, the bot sends the transaction to the blockchain. This onchain execution allows the bot to swiftly react to market movements, scalping new token listings or sniping trades just as they become available, often within the first few blocks of a new token’s launch.
• Advanced Features: These bots are equipped with advanced functionalities such as limit orders, which allow users to set specific buy or sell prices; private transactions, which help avoid being front-run by other traders; and mirror sniping, which lets users copy successful trades from others in real-time.
• Niche Specialization: Some bots are designed for specific trading strategies. For example, certain bots excel at quickly scalping new tokens on platforms like Pump.fun and Raydium, while others are optimized for farming airdrops. More advanced bots might soon automate complex activities like yield farming, catering to various specialized needs within the crypto trading community.

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Are Telegram Trading Bots Safe?

Telegram trading bots offer convenience, but they also come with certain risks. Vulnerabilities in smart contracts could be exploited by malicious actors, and there’s the potential risk of losing access to your funds if the bot mishandles private keys. To stay safe, users should thoroughly research these bots, understand the risks, and take precautions like using secondary crypto wallets to minimize potential losses.

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Bottom Line

The top five Telegram crypto trading bots in 2024 are Banana Gun Bot, Bonk Bot, Trojan Bot, Unibot, and Shuriken Bot. Each bot stands out for different reasons—whether it's advanced sniping, unmatched speed, versatile trading features, or multi-chain support.

Together, these bots have processed over $33.9 billion in trading volume, making them powerful tools for traders looking to automate their strategies. Choosing the right bot depends on your specific trading goals and preferences, but potential risks should always be considered.