What Are The Top 5 Telegram Trading Bots?
In terms of social media following, some of the most popular Telegram trading bots are Unibot, Mizar, Banana Gun, Maestro, and Wagie Bot.
Key Takeaways
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Telegram trading bots connect to your wallet and help users to automate and execute a wide range of trades quickly.
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Based on social media following, the top 5 Telegram trading bots are Unibot, Mizar, Banana Gun, Maestro, and Wagie Bot.
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In terms of features, all of the bots differ in terms of the specific services they offer and the bot interface.
Introduction To Telegram Trading Bots
Telegram trading bots, with their accessibility and convenience, have taken the crypto space by storm and recently emerged as a new narrative in the cryptocurrency space. Helping traders to automate their trades, telegram trading bots connect to decentralized cryptocurrency exchanges and execute trades based on predefined rules.
While different bots have slightly differing functions, most bots generally execute the same basic trades. These include a variety of features – stop loss and take profit orders, anti-rug and honeypot features, copy trading, multi-wallet, liquidity, and method sniping features.
In this article, let us look at the top 5 most popular Telegram trading bots based on their social media following and each bot's different features.
Unibot
In light of a recent exploit on Unibot, please take necessary precautions until the situation is resolved.
At the top of 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 using UNIBOT is free, it charges a 1% tax on every successful buy-and-sell transaction.
According to the website, Unibot is able to execute trades 6 times faster compared to trading on the traditional website Uniswap. This is from the time saved from having to open your computer, connect your wallet to the website and approve transactions. When using the bots, all you have to do is simply copy and paste the contract address of the token and send it as a chat to buy the token, and it removes the need for users to approve permissions at every step of the transaction.
Features
The Unibot platform boasts a series of features such as limit orders, copy-trading, method sniping, fail guard sell, and private transactions. Users can also transfer ETH between their wallets. Unibot also has a PNL Analysis function, where users can view their profits or losses while trading with the bot.
Unibot also offers a token scanner where users are able to get real-time updates on newly created tokens on the Ethereum chain. The token scanner is integrated with Unibot’s own sniper bot, and users can easily buy these new tokens quickly.
Native Token
Unibot also has its own native token UNIBOT. Holders of UNIBOT are also given a reduced fee of 0.8% 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.
Holders of UNIBOT tokens are also entitled to receive a portion of Unibot’s revenue share. Proportional to the number of tokens holders hold, Unibot redistributes 40% of its transaction fees and 1% of UNIBOT’s traded volume.
Mizar
The next on our list is Mizar. Backed by notable figures like KuCoin Labs and Huobi Ventures, the Mizar platform allows users to trade cryptocurrencies, stake MZR tokens, and participate in copy trading.
The Mizar platform has two main products – CeFi and DeFi trading bots.
DeFi Telegram Bots
Their DeFi telegram trading bot currently only supports Uniswap v2.0 and v3.0 on the Ethereum chain. Users can use the DeFi bot to snipe any new token launch or IDO. Some of these features are still under development.
Using their DeFi bots, users can enjoy various features, including multi-wallet sniping, smart gas and slippage, block-0 snipe, anti-rug protection, auto-trade, and many more.
The Mizar Telegram bot also has a token sniffer function where users can verify the security of any ERC-20 token. This includes features such as an anti-whale function, contract owner verification, and more.
CeFi Trading Bots
Their CeFi trading bots are not currently on Telegram and are only available on the Mizar website itself. It currently supports 10 different exchanges, including Binance, KuCoin, and OKX. Besides buying and selling tokens on the bot, you can also use copy-trade by inputting wallet addresses, which would automatically copy these wallets’ trades and transactions. Under the ‘Get Copied & Earn’ program, users can also copy wallets of their choice on the marketplace. The CeFi bot also has a unique DCA bot, which allows users to reduce their trading risk through Dollar Cost Averaging (DCA).
Native Token
MZR token is the native token of the application, and staking of the token unlocks benefits for platform users. For example, when MRZ holders stake their tokens, they can enjoy lowered fees when using the platform’s bots. MRZ holders who stake their tokens can also join competitions, receive referral rewards, and unlock advanced features on their platform. One interesting feature that MRZ holders can enjoy if they stake their tokens is their ‘Get Copied & Earn’ program, where holders can share their own bots on their marketplace and earn passive income from other users copying their trades.
Banana Gun
The Banana Gun Bot categorizes its services into two different tiers – Manual Buy and Auto Sniper. Overall, their features are quite similar, with the main difference being the auto sniping advanced feature.
Features
The Banana bot currently supports many different features, like generating wallets, anti-blacklist, and more.
The Banana bot team is still working on more features and has released a roadmap for their future plans. On 1 August, the team recently released a new feature – a Telegram scraping bot that allows users to automatically buy any coins posted in a channel of their choice. In the future, the Banana bot team hopes to build an ecosystem for the bot, along with multichain and multi-platform support.
Native Token
Banana bot's token is BANANA, and the bot offers automated rebates (determined by the multiplier x volume) through the token when users trade through the bot. The BANANA token can be burnt for in-bot credits to unlock bonus perks, such as activating +5 wallets for 14.90 credits a month. The team promises that they will not gate key features of the bot behind the Banana Credit System, and are instead catering to a niche group of users who are looking for such features.
Maestro
Launched in 2022, the Maestro sniper bot is one of the earliest bots in the market. It supports 3 different chains, BNB Smart Chain, Ethereum, and Arbitrum. While using the Maestro bot is free, it charges a 1% tax on every successful buy and sell transaction.
Maestro also provides a paid premium subscription to use a more advanced version of the bot, ‘Maestro Pro Bot’, which will cost users $200 a month. According to the website, the subscription is meant for hardcore users and advanced day traders. The subscription gives users faster speeds, allows users to make more concurrent trades, exclusive access to token indicators, and more.
Features
The Maestro sniper bot also has extensive features such as anti-rug, method, liquidity, and launch sniping.
The sniper bot also has ‘God Mode’, a mode for more experienced traders. This includes features like block delay, auto snipe, or slippage adjustments.
One of the more unique features of the Maestro sniper bot is the ability to contribute to presales on PinkSale quickly. When trying to contribute to a presale, it is often a battle to contribute quickly before the presale reaches its hard cap, and many will resort to paying high gas fees to ensure a contribution.
Wagie Bot
The Wagie Bot is both Telegram and Discord-based bot that operates on Ethereum, BNB Smart Chain, and Arbitrum. Just like other bots, using the platform is free, but Wagie Bot charges a 0.8% fee for every transaction except stable swaps.
Features
The Wagie Bot currently has a rather extensive list of features, including copy trading, liquidity sniping, dollar cost average orders, and more.
The Wagie Bot team is currently working on including additional features like sniping call channels on Telegram, Twitter, presale sniping, liquidity farming, and even a network bridge.
Native Token
The native token WAGIEBOT launched on 10 July with a launch price of $0.02. Just 13 days later, on 23 July, WAGIEBOT reached its all-time high of $1.73.
Depending on the number of tokens held, holders of WAGIEBOT tokens can enjoy benefits such as cheaper bot fees and a higher number of trades.
Risks of Using Telegram Crypto Trading Bots
When you first start using Telegram cryptocurrency bots, you will need to connect your wallet to the bot so that the bot can execute trades on your behalf. However, this means that the bot has access to private keys and might pose a security risk.
While the bots usually claim to delete your private keys after the bots are configured, we have no sure way of knowing if your keys have been deleted. As such, we should take note of the possible security tradeoffs they might pose. To be safe, if you are using Telegram bots, you might want to connect a separate wallet to the bot and only transfer in an amount they may be using.
Final Thoughts
In terms of features, all of these bots differ regarding their services and the bot interface. Ultimately the choice of which bot to use depends on each individual’s trading needs and preferences.
As Telegram trading bots are generally still a recent development in the cryptocurrency space, it is safe to say that we can expect further improvements and features in the future. It will be interesting to keep an eye on how bots will change the crypto trading landscape in the future.
Hwee Yan has been involved in the cryptocurrency space since 2021. Currently pursuing a degree in Linguistics and Multilingual studies at Nanyang Technological University, she is a writer who is mainly interested in NFTs, crypto trends and memecoins. Follow the author on Twitter @cryptohy8
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