Bots are computer programs set up to do specific jobs with little help from a person. In dealing with cryptocurrencies, crypto trading bots automatically trade one or more cryptocurrencies on one or more platforms for the owner or user.
They are used to automate trading methods and to make trading more profitable. Our lesson is for people who want to know if crypto trading bots work or who need crypto trading bots.
What are the best trading bots for crypto?
These days, cryptocurrency trading bots can do much more than that. Since they are developed with AI, ML, and other smart technologies, they can access a wealth of real-time information on the crypto market through APIs. Then, they use pre-established trading procedures to the data to draw meaningful and actionable conclusions, which they refer to as trading signals.
The analysis aims to predict the prices of cryptocurrencies like Bitcoin and other coins. What counts is how accurate the predictions are. The better bot and crypto bot trade gets, the closer the price is to what was predicted. This is because it makes profits go up.
Once they know the price, they place buy and sell orders in fundamental crypto markets. And since most markets fill limit orders and other orders immediately, these buy and sell orders are filled. So, they either make money or lose money.
The best crypto trade bots get information from many places, including social media, news sites, crypto market makers, and many more. This is why they employ artificial intelligence and machine learning to sort through news articles and predict which ones will significantly impact society and the stock market. Bots can be bought as single pieces of software or built into cryptocurrency markets.
But, even though they can cost up to millions of dollars, there is only one perfect crypto trade bot. Even though the goal is to reduce the losses, they still happen. Also, the best bots for dealing with crypto are used with human help.
Top 10 Crypto Trading Bots
These robots have several trading options:
- In bear markets, when the price of several currencies is rather stable, grid bots prove to be very useful.
- Bots that use dollar-cost averaging: They’re excellent for making money in markets that are volatile in either direction.
- With the help of options bots, investors can implement complex trading methods. However, new users should proceed with caution when working with these bots.
- With the help of HODL bots, investors can steadily add to their long positions.
3Commas bots are both stable and adaptable. They can be set up to meet the needs of any business. They can also be changed to fit your trading methods and investment goals.
You can develop these methods on your own or copy the ones used by professional traders for a fee (or for free if they let you). 3Commas has settings for bots made by top traders so that users can copy the best strategies that have already worked.
- Trading bots automatically make trades based on what you tell them to do.
- 3Commas SmartTrade lets you handle all exchange activities from one interface and make trades with advanced features that aren’t available in the exchange interface.
- We are keeping track of and managing a portfolio.
- Analysis of how the trade goes
- Enterprise tools that include APIs, risk management, portfolio management, priority support, white-glove apps, and trade automation.
- Free plan with one of each type of bot
- Starter: $14.5/month
- Advanced: $24.5/month
- Pro: $49.5/month
- All of the plans are paid for every year.
Best for selling on autopilot.
NAGA is one of the best tools for trading cryptocurrencies because it lets anyone set up automatic copy trading to copy the trades of experts. This is done after you put at least $250 into your account.
Traders who lack the requisite knowledge to trade or write bots can use the Naga clone trading bot to profit from investments that yield predictable or consistent returns. This is possible by automatically copying traders whose tactics give predictable or fixed returns.
Also, it comes with a wallet that lets users deposit, withdraw, send, receive, and keep cryptocurrencies. When trading, you can also swap one cryptocurrency for another. Over 40 cryptocurrencies support all of these features, including auto-copy trade.
- Bank transfers, credit cards, e-wallets and many other are all acceptable deposit methods.
- Cyprus Securities Exchange Commission keeps an eye on them.
- The U.S., Australia, and many other countries can’t get it.
- On top of the web app, there is also an Android app for the NAGA platform.
- You need to put down at least $250 to get auto copy selling on NAGA.
- There are a lot of users whose deals you can copy.
- You can trade crypto, stocks, ETFs, CFDs, and over 90 other financial products.
- Minimize transaction costs by paying using NAGA coins and debit cards.
- (NAGA debit card fees are cut by 50%, and NAGA change fees are cut by 100%).
- You can trade with up to a 1000-to-1 margin.
Price: Spreads are only 0.1 pips. Withdrawals cost $5. There is a $20 fee each month for inaction. There may be fees for rollover, swap, and other things.
Best for crypto and social investment with a wide range of options.
With eToro’s copy trading tool, you can copy other crypto traders’ trades, trading insights, and trading sentiments. You can choose to watch crypto traders for free or for a fee. The good thing about the site is that you can see the portfolios, profits, and other information of the people you follow by looking at their feeds.
There is no trading bot program on eToro, and you can’t use bots to trade on the site. The eToroX is eToro’s site for trading cryptocurrencies. It has tools for both individual and large-scale traders.
- Follow traders, and it will be easy to copy their tactics.
- Swap 20 or more cryptos.
- On one of the world’s biggest social investing platforms, you can learn from millions of investors worldwide.
Price: If you sign up and put in $100, you’ll get an extra $10 for a limited time.
Disclaimer: Limited Liability Company, eToro USA. There is always a chance that your initial investment could be lost due to fluctuations in the market.
Best for futures dealing and trading with a margin.
The OKX trading bots are ready-made bots that make it easy for traders to trade automatically and change their trading tactics. The exchange offers grid, DCA, arbitrage, and slicing bots, which are all ways to trade crypto. The bots can be used for both spot trading and futures trading. The futures trading bot lets traders use long, short, and neutral strategies. They can also be used for both regular trading and dealing on margin.
All people can use each of these bots for free. Any trader who understands what they are and how they work can make them quickly and easily. Logging in, going to the bot page from the menu, picking the type of bot, and clicking or tapping the Create button is all you need to do. Before running the bot, you should change the settings.
The marketplace for bots on the exchange also lets traders share bot trading methods and copy those of other expert users. Before copying, you can look at the page to see what bots other users are running, how much money they’ve made and lost, how long they’ve been running, how much they’ve lost, and more.
- A guide on how to use trade bots on OKX. The exchange tells you about each bot, how it works, and how to use it on the exchange, step by step.
- Exchange also tells you how to stop the bots and close trades.
- Many types of trading bots are available, including those that trade futures, spot grids, intelligent portfolios, the moon grid, repeating buy bots, arbitrage trading bots, slicing bots for making iceberg orders, TWAP bots, and so on.
- The OKX Telegram channel and the website’s “Support Centre” button provide the support team for trading and using bots.
Price: All bots are free of charge.
Best for professional algorithmic trade at a reasonable price.
Customers can use APIs to connect their exchange accounts to Cryptorobotics and start trading bots. At the moment, customers can link up to 15 swaps. First, a customer can trade both cash and futures crypto. Second, different kinds of bots can be used. These include DCA bots, futures bots for debt trading, A.I. bots, futures bots, RSI bots, grid bots, trend bots, and swing bots.
The platform also has a copy-trading tool for anyone who wants to make money with their crypto signals or for traders who want to make more money or improve their trading experiences. Compared to many others, it is a crypto bot trading tool that is quite a bit cheaper. It is also possible to trade manually.
- How to trade in crypto. There are also guides on how to use the app.
- Each bot gets to try it out for 14 days.
- Sub-accounts on Binance.
- Dashboard for data analysis. Watching the portfolio.
- Histories of transactions, orders, and places.
- Cardex lets you buy crypto.
Price: The price is free for up to two intelligent orders, $19 for up to 20 intelligent orders ago, $49 for up to 100 intelligent orders with the Profit Pro package, and $30 for an endless number of intelligent orders with the Expert Pro package.
Best for both new buyers and experienced ones.
The CryptoHopper is an algorithmic trading bot for cryptocurrencies that operates in the cloud and makes it possible for users to take advantage of external signals in order to execute profitable trades.
With it, you can use information from both free and paid sources. It is owned and run by people in Amsterdam, Netherlands, and uses more than 30 trade indicators and more than 90 candle patterns. It is open 24 hours a day, seven days a week, and deals in Bitcoin and 75 other cryptocurrencies.
- Stoch, RSI, Bollinger Bands, and a lot of other indices.
- Trading tools include bot backtesting tools, templates that can be changed and saved, trailing stops, and technical signs that can be changed.
- Web-based, with no apps for phones or computers.
Price: Free trial, then $19, $49, or $99 monthly, depending on the plan.
The best for arbitrage between different cryptocurrency markets. Bitsgap trading bot lets you trade directly on more than 25 crypto exchanges. It has a free trial period of 14 days, and you can sign up or log in with your Google or Facebook account. You can try out the advanced plans’ features before buying them through a demo swap.
You can do arbitrage across exchanges with it, and if you get the right market signals at the right time, you can make sound trading choices. In addition to automated trading and arbitrage, there are tools for keeping track of your portfolio.
- Backtesting lets you figure out how to make your trading bots work best in both bull and bear markets.
- Arbitrage trading takes place on more than one market.
- Keeping track of and managing a portfolio.
- Only on the web. No iPhones or Androids.
Price: The basic paid plan costs $19 a month, the advanced plan costs $44 a month, and the pro plan costs $110 a month.
The best for dealing with a mobile bot.
The cloud-based trade bot was started in 2017 and is run by a team in the U.K. It can be linked to cryptocurrency platforms, such as Binance, Huobi, Bitfinex, OKEx, and HitBTC. There are no fees to trade on it. With it, you can make various trading systems based on rules. This lets you use more than 7,000 different strategies.
It doesn’t work with Technical Analysis (T.A.), but users can share trading tips and tactics through TradingView. It lets you buy and sell more than one cryptocurrency.
- MACD, Bollinger Bands, the RSI (Relative Strength Index), and other measures.
- Support through email, live chats on Telegram, workshops, and other ways.
- In the pro version, you can trade themes.
Mobile: Along with the web experience, there are apps for Android and iOS.
Price: Starter is free, but it only has a few tools. The amateur version costs $30 per month or $359 per year. Trader costs $60 per month and $719 per year, while the Pro package costs $450 and $5,399.
Best for buying both long and short.
The cloud-based TradeSanta crypto trading software suits beginners and experienced traders. It works 24/7, but you don’t have to be on it to make money. Like the other bots on this list, it can connect to many cryptocurrency platforms, such as Binance, Huobi, and others.
You can use long-term and short-term tactics, indicators, and a helpful support team. With an extended deal, you buy tokens for less and sell them for more. On the other hand, shorting is a good tactic. With this software or Smart Order, you can use Grid or DCA bots to place orders.
- With the highest plan, you can run as many bots as possible.
- Use different signals, such as Bollinger Bands, MACD, and RSI.
- Staff who help.
- In addition to the web, the app works on Android and iOS.
Price: The free basic plan lets you have up to two bots. The most basic paid plan costs $10.5 per month and lets you buy up to 49 bots. The most expensive plan costs $70 per month and lets you buy as many bots as you want. Before paying for a membership, you can try it for free for five days.
Best for copy trading or trading with other people.
Shrimpy is a trading and portfolio management platform that unifies access to numerous exchanges in a single location. You can control your assets and trade them on 16 different exchanges. Through some indicators and strategies, the site can also be used to automate trades or trade with crypto bots.
By pressing the “Automation” button, you can set your portfolio to rebalance to match the accounts you are watching automatically. Your portfolio will change when the portfolio of the person you are following changes because your account will instantly sell or buy.
On top of all this, Shrimpy lets you trade with others by following their trades. This helps new traders and people who want to make money by sharing social deals and getting commissions. By watching what other people buy and sell, you can see how their digital currency portfolios are split up.
For the people you follow, you can see how many fans they have, how well they do daily, weekly, and monthly, and when they were last active.
- Backtesting is a tool that lets you test your bots before your automated portfolio allocation strategies are implemented.
- Any payments from affiliates will earn you a 50% cut for the first three months.
- Create a test account and check out the features.
- Only on the web, and no mobile service.
Price: Shrimpy.io has three plans for the solution: Starter, which costs $15 per month, Professional, which costs $63 per month. And Enterprise, which costs $299 per month. All of these prices are for paying once a year.
When looking for the best crypto trade bot, it’s essential to consider which has the most valuable features. You want one that costs less and lets you try automated trading strategies in the past. It should also be able to handle multiple indicators and trading strategies. What about a bot that lets you trade from your phone?
This guide is for people who want to know if crypto trading bots work, and it tells them to use the most effective, profitable, and tried-and-true bots. You can see if they work this way.
CryptoHopper has many valuable signs, but there is no mobile version. For this reason, check out CoinRule, which lets you automate over 7,000 trading strategies, or TradeSanta, which gives you two free bots for life and uses an endless number of bots for just $75 per month.