How to Create a Trading Bot on Telegram

Telegram bots to make cryptocurrency trading easier have been gaining popularity since 2023. Binance's statistical research shows that the total income of traders using these systems exceeded $190 million. Telegram bot owners earned a total of $28+ million in 2023, and $350+ million by 2024. So, launching your own program integrated into a popular messenger can be a profitable solution for investors. It is also worth considering that the growth of interest in Telegram bots increases during periods of strong fluctuations in the crypto market and the publication of high-profile news.

We are going to review static information on this sector, as well as point out what nuances should be taken into account before launching your program.

What is a trading bot in Telegram

Trading bot in Telegram is a system for automating and simplifying trading, which is integrated into the popular messenger via its API. Using its functionality, you can make automatic trades according to predetermined parameters and selected strategies. Telegram trading bots are a simplified alternative to DeFi and Web3-wallets, as they have a simpler and clearer interface and allow even beginners to easily trade on popular decentralized crypto exchanges (DEX).




Users interact with the bot via chat, using simple commands or special buttons to make trades. But in order to make trades, you need to provide the bot with its own API keys so that the system can trade on behalf of the trader. The general algorithm of actions:

1. The trader logs into the bot via Telegram.


2. He sends the first command (/start) to the general chat.


3. Using the menu that appears, he connects his crypto wallet or generates a new one.


4. The user replenishes the wallet.


5. A menu appears in the bot interface, where the trader can select the types of available trades and set trading parameters.

Security and safety of the trader's personal data is guaranteed due to encryption methods, mandatory authentication and the use of a secure connection. However, traders are recommended to use a non-main wallet for trading to reduce risks.

Functionality of bots in Telegram

In general, popular Telegram bots offer 3+ features and trading strategies. The most common ones are:

• Trading: buying/selling coins directly via messenger;


• Stop loss and take profit orders: buy when the price of a koin reaches a certain level;


• Copytrading: copying trades of other successful traders;


• Sniping: instant purchase of coins that have appeared on a cryptocurrency exchange;


• Farming Airdrops: a trading bot performs a series of actions to participate in token distribution.

Additional features can be provided as well. For example, protection from MEV attacks, crypto wallet tracker, NFT price tracking, anti-rug, analytics, and more.

Advantages of trading bots in Telegram

Both beginners and experienced traders use Telegram bots. The main reasons for their popularity are:

• Instant swaps. The speed of buying/selling through a Telegram bot is dozens of times higher than placing orders manually on DEX. For example, the popular Trojan service allows you to make trades on the Uniswap exchange 6 times faster than through the website;


• Automated trading. The bot can trade according to pre-selected strategies and parameters set by the user. This gives access to exchanges 24/7 and increases the chances of making profitable trades. Risk management options (e.g. stop loss and take profit) prevent large losses. Automated trading also reduces the risk of emotional decisions to zero;


• An easy way to buy/sell little-known coins. Orders are placed on various DEXs, where you can buy tokens that have not yet been listed on centralized exchanges (CEX). This method is especially convenient for beginners, as you only need to copy the contract address of the token and send it to the chat with the bot;


• Instant notifications. Traders receive up-to-date information from the bot about fluctuations in the crypto market, deals made and profits earned 24/7. Since the bot functions via Telegram messenger, the messages are sent to your smartphone;


• Trading based on technical signals and indicators. The bot analyzes market trends more effectively and makes profitable decisions using such indicators as RSI, ADX, MACD, MA and others.

Telegram-bots market analysis: assessment of prospects

In 2024, according to Dune, the trading volume of Telegram bots is estimated at $33.98+ billion, and the total number of transactions exceeds 169+ million. Over 2 million users are already using these systems for trading. So the niche can be called promising for investment, with interest in automated messenger trading only growing in the last year. In 2023, according to Binance's research, the total volume for the entire period of bot operation was only $190+ million. Now the average total trading volume for just 1 month (data for August 2024 is taken) is $70+ million.

Solana bots have the highest volume figures, with Ethereum in second place.




The distribution of users by networks is uneven: most traders use bots on the Solana (71%) and Ethereum (21.1%) networks. This is an important nuance that should be taken into account before developing a bot to attract the maximum CA.




The interest in Solana bots is also due to the popularization of decentralized crypto exchange Jupiter Station, which is part of the Solana ecosystem. DEX aims to become the best aggregator for token exchange. The exchange's functionality, to which Telegram bots give access: limit orders, instant swaps, DCA, token transfers between different networks, liquidity pools, etc. DEX also has a native token JUP, which was airdrop in winter 2024.




In the spring of 2024, the Coinbase wallet was integrated with Jupiter, allowing wallet owners to purchase thousands of Solana-based meme tokens (50,000-80,000 Coins).

Competitor Analysis

The most popular Telegram bots in 2024 are Trojan, Banana Gun, Maestro, Bonk Bot and SolTradingBot. The main characteristics are presented in the table.

Bot name	Blockchain	Lifetime volume	Lifetime traders	Lifetime trades	Lifetime fees
BonkBot	Solana	$7,77b	402,600+	58+ mln	$73,73+ mln
Maestro	Solana, Ethereum, Arbitrum, BSC, Base	$7,01b	372,590+	20+ mln	No info
Trojan	Solana	$6b	320,770+	49+ mln	$56,78 mln
Banana Gun	Solana, Ethereum, Base, Blast	$5,93b	241,290+	9,6+ mln	$41,22 mln
Sol Trading Bot	Solana	$2,48b	599,000+	17,58+ mln	$26,26 mln

Trojan and Banana Gun are the leaders in terms of weekly trading volume in summer 2024. Let's consider the main features of TOP bots.

Trojan

Telegram bot developed for the Solana blockchain. It is a rebranding of the popular Unibot system. It supports options for copying successful trading strategies, limit orders, Dollar-Cost Averaging and others. The cross-chain bridge also makes it possible to transfer assets from the Solana network to Ethereum and back.




The commission fees for any buy/sell transaction is 1%. However, the fee can be reduced to 0.9% by registering with Trojan bot through a referral link. There is also a Solana blockchain gas fee for the transaction. Users can earn additional passive income through the referral program: % of your referrals' trading commissions.

Banana Sniper Gun

Banana Sniper Gun is a bot for launching sniping tokens and buying them quickly. It works with several blockchains: Solana, Ethereum, Base and Blast.

Features include auto-sniping, private transfers, manual buy/sell, reorg- and sandwich protection, anti rug. The site comes with detailed instructions as many options are provided for successful sniping. The bot has a native token BANANA.




The bot is free to start using, but the user must pay additional transaction fees. For the Ethereum network, there are fees of 0.5% for orders placed manually and 1% for sniping, while for any transactions on the Blast, Solana, and Base networks - 1%.

Maestro

This is a trading Telegram bot that works with several networks: Solana, Ethereum, Arbitrum, BSC and Base. One of the advantages is the wide functionality, which includes copy-trading, sniping, autotrading, multiwallet. Passive income can be earned through a referral program: 25% of commissions of brought new users.




Any buy/sell transactions and sniping that is conducted through Maestro Telegram Bot is subject to a 1% commission. There are no fees for simple koin transfers. At the same time, commissions are not written off at once, but gradually accumulate. The minimum amount charged is 0.01 BNB/ETH. At the same time, the commission should not exceed 10% of the maximum amount on the balance of the connected crypto-wallet.

Bonk Bot

A trading bot with a simple interface focused on the Solana network. It is linked to the popular memcoin Bonk. The main advantages of Bonk Bot are ease of use, the ability to place limit orders and monitor positions. The bot has a built-in “Buy and Burn” mechanism: a part of commissions is used to buy Bonk coins and then destroy them. This affects the size of the offer and the price of a coin. So users of the Telegram bot have an additional incentive to invest in the token.

Traders also have access to the “Alerts” option to track events such as the launch of new pools, burned LPs, Fresh Wallets.




A generous referral program is also provided. For attracting referrals to Bonk Bot in the first month the user receives 30% of their trading commissions, in the second month - 20%, in the third and subsequent months - 10%.

SolTradingBot

Trading bot that works with three DEXs on the Solana blockchain: Jupiter, Radium and Orca. Users get access not only to data related to the crypto market, but also to an extensive set of analytical tools. The bot integrates options for normal swaps, WSOL Sniper (provides greater sniping speed and increases the chances of success), Copytrading, limit orders and DCA. The project has a native token - STBOT, but it has not been involved in any programs to generate additional income in the summer of 2024.




A referral program is provided for the formation of passive income. The user receives 30% of the commissions of referrals.

Trading commissions of 1% are set. But transactions with some coins ($MYRO, $JUP, $BONK, $WEN) are not taxable.

In what way do the creators of Telegram bots for trading earn money?

The main source of income is commissions charged from traders for making trades via Telegram bots. Some systems also issue their own native token (e.g. Unibot, IMGNAI, CGPT). An additional tax is also sometimes charged for any transactions with these tokens.

Therefore, attracting and retaining users is an important step to consider when launching your own project. In 2023 alone, according to open source data, Telegram trading bot owners earned 15,500 ETH in Telegram.




The advantage of creating Telegram bots is that the messenger has a huge audience. Analysts agree that the development of bots integrated into Telegram may also attract a new audience that has not previously been involved in trading.

Telegram bots from Merehead

Our company has been developing software for cryptocurrency trading for 9 years. You can order the creation of a Telegram bot from scratch with support for various trading strategies. Our developers can help you choose a concept, the most suitable exchanges and select the optimal functionality. The price of the simplest Telegram bots for trading ranges from $10,000 to $40,000. Implementation of more complex solutions will cost $40,000-$80,000. For more information, please contact our consultants.

Basic nuances of developing a Telegram trading bot

To create a full-fledged Telegram bot for trading like Unibot, Trojan, Maestro, you will need both programming skills to write code and an understanding of trading strategies and trends in the cryptocurrency market. One solution is to order a system from a team of developers who specialize in this niche and will help you choose the functionality, indicators and the most suitable blockchain for your needs. However, you can also develop a crypto trading bot yourself: the key steps are discussed below.

Selecting a programming language

The language is selected based on the requirements of a Telegram bot: the key factors are speed and the ability to process large data sets. The system must place orders lightning fast, react to signals and fluctuations in the crypto market. Therefore, the most common choice is Python and JavaScript. JavaScript bots are good at handling simultaneous requests from a large number of APIs, but Python code is easier to write. In both cases, developers have access to a large number of libraries and an active community, which simplifies the process of creating a crypto bot.

Choosing a framework

To make creating a bot easier and to get additional tools, you should choose a framework that is compatible with the language of code writing. Popular choices are:

• pyTelegramBotAPI for Python. This is a simple and easy to use library. You can use it to customize functions for sending messages to the chat room, processing various commands, and so on;


• A lightweight library for JavaScript.

API integration

It is necessary to determine at this stage on which exchanges the bot can perform trading operations, receive statistical and analytical data. Frequently, crypto exchanges are chosen according to the criteria of liquidity and the variety of available tokens. Popular options include Jupiter, Orca, Uniswap, Serum, Atrix and others. You should pay attention to the blockchain on which the exchanges operate. As the previous analysis of statistics showed, DEXs from the Solana ecosystem are the most popular among traders.

Tools for analysis and trading strategies

The Telegram bot is based on algorithms according to which it will make transactions. At this stage, you need to specify the entire functionality of the trading bot and its strategies: for example, simple buy/sell, sniping, copy-trading and so on. The more options available, the better. Although some bots are focused strictly on one niche.

It is also necessary to set up not only to receive information on the cryptocurrency market 24/7, but also to give access to technical indicators and signals. Usually include popular indicators: moving averages, RSI to assess the likelihood of a trend change, MACD to determine the strength of the trend and so on. Take profit, stop loss and other options are implemented for risk management.

User Interface

Trading bots for which separate platforms are created (e.g. Coinrule, Dash2Trade, Kryll) require skills in working with complex UI development tools. But since in the case of Telegram bots the system is integrated into the messenger, it is only necessary to create a basic interface and ensure integration with Telegram. The main advantage of such trading bots is their simplicity, so you should emphasize ease of use and maximum understandable functionality.

Ensuring security

The biggest risk that users of Telegram bots fear is the possibility of information leakage. After all, traders give access to their wallets in order to use the system. Therefore, it is important to ensure maximum security. A mandatory point is the introduction of two-factor authentication (2FA). To ensure the protection of keys provided by users, encryption methods are used.