What are the best crypto trading bots?
There are numerous commercial and free crypto trading bots available nowadays.A crypto trader like you and I find it difficult to pick between these services.We will therefore assist you in selecting the top bots for cryptocurrency trading in this article.
What is crypto trading bot ?
You can automate your trading tactics with the aid of a cryptocurrency trading bot.
In other words, without your manual involvement, crypto trading bots at your crypto exchange automatically execute orders depending on your trading strategy.You gain an advantage over manual traders as a result of the risk reduction.
Bitcoin traders created scripts to buy and sell bitcoin during the Mt. Gox era in order to maximise earnings.
These cryptocurrency bots evolved throughout time.Today, you may trade any altcoin utilising trading bots, including Ethereum, Dogecoin, Litecoin, and others.
Today, more than 90% of cryptocurrency trading is conducted using these bots.
The Best Crypto Trading Bots (Free & Paid) in 2022
Since knowledge is power, as Kofi Annan says, I made an effort to make things brief.
Information liberates people.In this article, I’ve made an effort to include all the features of the best cryptocurrency trading bots.The table below is for you if you don’t want to dive too far, though!
1. Pionex — FREE best trading bots for crypto
The exchange with built-in cryptocurrency trading bots is called Pionex.It’s one of the top free bitcoin trading bot sites I’ve observed since 2017.(The year I begin acquiring cryptocurrency:P)
It offers a free trading bot that gathers the liquidity from Huobi and the Binance.com exchange.Recently, Pionex exchange released its Spot-Futures crypto arbitrage bot, which offers an alternative to more established crypto arbitrage bots.
The Pionex trading bot is also simple to use.As a result, I favour using this trading bot to trade bitcoin.
In my opinion, Bitcoin is the core of the entire cryptocurrency sector and has a bigger market cap.
2. KuCoin — Crypto trading bots for beginners
KuCoin is a well-known, user-friendly, and secure cryptocurrency exchange.However, KuCoin only supports a few number of integrated trading bots, including a DCA bot and Grid bots for both the spot and futures markets.
Due to the fact that Kucoin is an exchange, these bots will be significantly more effective at carrying out trades than any third-party bots linking your cryptocurrency exchange utilising API credentials.
When compared to the other trading bots discussed in this post, this offers the best results.We do believe that Pionex offers a superior user experience and bot coverage, though.
You can also take advantage of free trading methods with the KuCoin trading bot.In order to give their own customers better trading tools and boost trade volume so that they may charge higher fees, exchanges are now entering the trading bot market and developing Grid bots and DCA bots.
For instance, Huobi and Gate.io both include built-in trading bots.
3. Bitsgap — Grid Trading Bot for Binance
For its distinctive automated crypto trading bots, Bitsgap bot is best recognised. With Bitsgap, thousands of cryptocurrency traders of all levels of expertise may automate their trading to increase profits.
The Bitsgap trading bot’s algorithm is based on the straightforward yet powerful GRID method.
Within a trading range that a cryptocurrency trader has already set, it distributes investment proportionally.
Furthermore, logging onto Bitsgap is easy and takes only a few minutes.
The bot automatically places a fresh sell order immediately above that price each time the purchase limit order is met.A fresh buy order is positioned behind any filled sell order, and vice versa.The bot will continuously trade as long as the price is contained within the boundaries of the trading range.
Also recently released by Bitsgap is its Bitsgap Futures trading bot, which opens and closes hundreds of minor positions each day.Consequently, limiting risks and accepting smaller profits.
When prices fluctuate, the Bitsgap algorithm is built to maximise profit from buying cheap and selling high.
Automated bots are equipped with risk-management tools like stop-loss, trailing stop, take profit, and several exit options.Additionally, the Bitsgap trading platform provides you with several excellent features.
- A cloud-based option, so nothing needs to be downloaded
- Trade bots are built on an effective and transparent logic.
- Simulator for risk-free bot trading in demo mode
- To subscribers, free cryptocurrency signals
- Backtested tactics for a rapid bot launch
- Free 14-Day Trial
4. Cryptohopper — Trading bot Strategies and Marketplace
A paid cryptocurrency trading bot for bitcoin and other cryptocurrencies is called Cryptohopper.
However, Cryptohopper offers a 7-day free trial before you commit to a paying membership.
The market-making bot is one of the well-known trading bots on Cryptohopper. Contrary to Grid bots, Cryptohopper’s marketplace lets you design your own methods and imitate those of others.Additionally, you can replicate templates and trade indications.
Your crypto trading signals could be automated with the help of the CryptoHopper telegram bot. CryptoHopperMarketplace allows you to buy third-party services such as crypto signals, trading strategies, apps, and templates. Moreover, the bot offers a demo trading account, strategy designer, social trading platform, paper trading mode, and market arbitrage tool.
5. Coinrule — You can make your own Coinbase Trading Bot!
A sophisticated bot for beginners, Coinrule. The “if-this-then-that” rule enables even less experienced bitcoin traders to quickly construct their trading strategy.The user-friendly interface walks users through each stage of creating a trading bot.
Over 150 pre-set rules are available in the template library to assist newcomers in operating the best trading system for their needs.
The software also supports different stop-loss and take-profit trading techniques for cryptocurrencies, as well as the integration of the most important technical indicators.The options for trading techniques are virtually endless with Coinrule, and the business frequently adds fresh concepts to the Knowledge Base of the system.
The built-in Demo exchange is another intriguing feature.With a virtual allocation of coins, cryptocurrency traders can test their trading strategies in a secure setting.The Demo rules operate risk-free since they use pricing from Binance directly.Consequently, the platform is ideal for developing your own Coinbase bot.
6. 3Commas — Crypto Bots Trading and Crypto Signals
One of the best cryptocurrency trading bots is 3Commas.Because the UI is more suited to a professional trader, I included it on the list.A new GRID bot was recently released by 3Commas.
So, if you’re already a skilled bot trader, you should give 3Commas a shot.
- There are two subscription tiers available: Basic and Pro.
The cost of a bot at its most basic level is $29 per month, while one with many more features is $99 per month.
- The 3Commas cryptocurrency trading bot enables trading bitcoin for profit by implementing a variety of technical indicator-based bitcoin trading techniques.
- There are online courses you can purchase for utilising the 3Commas Bitcoin trading bot, and the community is friendly.
- The site also provides a marketplace for third-party crypto signals.
7. Mudrex — Is it the Best Copy Trading System?
Mudrex makes buying cryptocurrency bots as simple as buying mutual funds.They have a pricing structure that is by far the finest we have seen, a wide selection of bitcoin bots based on your level of risk tolerance, and they are quite open with their information.Mudrex, supported by Y-combinator, outperforms everyone else on the list!
Over 7000 people and $400 million worth of USD are traded on Mudrex.They have a very vibrant and engaged community and are supported by well-known VCs and angel investors.They are part of the very few on this list who can assist US consumers as well, and they are connected to 8 of the main exchanges.
Instead of developing its own cryptocurrency bot, Mudrex offers a carefully vetted marketplace of automated bots made by experienced crypto traders.The platform’s best feature is that all information about a bitcoin bot’s performance is available to the public and simple to comprehend for consumers.
Additionally, if your investment doesn’t yield profits, you can get your money back using the Mudrex Protect feature.
8. Quadency — Is it the Best Bittrex Trading Bot?
For both novice and experienced traders, Quadency has a large selection of built-in bots.
They utilise the TradingView bot. You can develop strategies on Tradingview and execute them on your broker or exchange account by using this bot.The backtesting function of the Quadency trading bot, which enables you to backtest your methods based on statistics and numbers rather than winging it, is its strongest feature.
It’s also a must for a crypto bot; before utilising your money with the crypto trading bot, it’s excellent to be aware of the performance of previous data.The platform offers a variety of functions in addition to being one of the finest Bittrex bots.
9. Shrimpy — The social trading platform for Bitcoin
A paid cryptocurrency trading bot service for rebalancing is called Shrimpy Bot.
It distinguishes itself from other bitcoin trading bot services due to the feature as well.
You can automate the rebalancing of your portfolio to a particular ratio.
The Shrimpy trading bot is undoubtedly one of the best crypto currency trading bots in 2020, which is why I am including it on my list.However, it is a bot created specifically for backtesting, indexing, rebalancing, and portfolio management.
Rebalancing your portfolio while you are hoarding the cash is the finest part.It supports ten or more crypto exchanges.Only a few trades are executed by the Shrimpy cryptocurrency trading bot each day.Therefore, a HODLER should prefer it.Shrimpy also released a copy trading feature.
10. TradeSanta — Automated Crypto Trading Software
TradeSanta is a trading bot that supports simultaneous crypto trading on eight major exchanges, including Binance, Bittrex, HitBTC, and Bitfinex.
It is a platform for cloud-based cryptoctrading bots that has been available since 2018.
There are currently over 210,000 registered users and more than 22 million transactions have been conducted, which has already assisted hundreds of thousands of customers in streamlining their daily trading.
- Futures and spot markets are both accessible to TradeSanta bots.
- TradingView bespoke signals, pre-built signals based on TradingView Screener, and technical indicators like Bollinger Bands, MACD, RSI, etc. are just a few of the indications that TradeSanta offers.
- Other risk management strategies include stop loss, trailing stop loss, and trailing take profit.
- Grid and DCA techniques.
- Without investing any real money, demo trading enables you to evaluate your technique under actual market conditions.
- Telegram notifications and real-time tracking allow you to keep track of your bots’ activities at all times.