8 Best Crypto Trading Bots: The Ultimate Guide for Traders

The HaasScript is the company’s answer to traders who want to use a highly advanced scripting language that can be utilized to create extremely complex trading algos on crypto exchanges. This crypto trading bot will allow you to exit the market when a market correction takes place and also protect your upward gains with the help of adjustable stop losses. This Quadency crypto trading bot – will help you make a significant profit by placing a limitation on orders on both sides of the order book to purchase low-buy and high-sell. There is no guarantee of profit, but a well-designed trading bot can automate trading strategies that have historically been profitable. It is possible that a poorly configured bot could lose money if stops have not been configured to take profit.

• Any delays in placing orders can lead to losses; therefore, automated bots are more efficient than human beings.
• The indicators offered by TradeSanta are some of the most popular ones.
• Having all essential information displayed in a single window makes it easy to compare rates on multiple markets, switch between them, and track your investments across the board.
• TradeSanta offers popular strategies like Grid and DCA (dollar cost averaging) to cater to different market conditions and user preferences.
• Choosing a shady or unreliable bot that does not use modern and advanced security measures can easily lead to losing funds.

You can input your ICO coins-related data, including the quantity, name, and cost in BTC or ETH with ease. Its team spends a lot of time fixing bugs and fine-tuning this feature to enhance BitUniverse’s user experience. One of the best things about BitUniverse is its ability to quickly and automatically importing your transaction data from exchanges by using API keys. Even though this bot automates all the trading activities, the ultimate control lies in your hands. You can test run the strategies by using five different indicators of your choice.

How to make a crypto trading bot?

CryptoHero is one of the most popular crypto trading bots offering a variety of bots, including Grid Bot, DCA Bot, and Martingale. With compatibility across a wide array of exchanges, such as Binance, Kraken, and Crypto.com, it facilitates diverse trading strategies. CryptoHero stands out for its free usage, ensuring accessibility for traders of all levels. Not all do, and none are always perfect, but some of the best crypto trading bots can earn users a significant profit.

• In fact, you’ll likely suffer from trading fatigue, meaning that you might make a somewhat flawed decision that you would not have made earlier in the session when your mind was fresh.
• They managed to bring considerable profit to those who knew how to use them properly.
• In contrast to momentum trading, reversal trading involves identifying when a cryptocurrency’s price is about to reverse direction.
• Stoic.ai is one of those cryptocurrency trading bots that is going to think about how you can make the best investments for your current assets.
• Don’t forget, trading bots do not have the capacity to ‘think’, rather, they simply mirror the actions that you program within the software algorithm.

It is a very critical strategy that makes exchanges capable enough of extracting profits, even from an unstable market. The bot will automatically liquidate whenever the price shifts and purchase the assets, depending on the portfolio allocation. This has increased the popularity of bot trading, or formally known as automated trading. It should come as no surprise that in a technologically-focused field like cryptocurrency trading, traders have turned towards technological trading solutions. In fact, many of the world’s largest funds and investment banks use similar technologies for high frequency trading. Once the above steps are completed, you can activate your bot to execute trades automatically based on your strategy.

3Commas – Crypto trading bot platform with a native app marketplace

The reality, however, is that dealing in cryptocurrency without the help of trading bots is difficult, to the point of being unviable. Hodlbot is one of the top trading bots that can help – you come up with a custom portfolio easily. They also help you do this with more than 350 coins, and we think that their user-friendly dashboard is one of the best in the business.

If you’re concerned with protecting your privacy, this is a great option. Once you move onto more advanced features Shrimpy is $13-$19 per month. They also offer enterprise pricing for businesses and crypto companies looking to leverage their software for trading.

What are the risks associated with AI crypto trading bots?

Active support can be invaluable, especially if you’re new to crypto trading bots. Choosing the right AI trading bot can be a game-changer, helping to automate crypto trading, manage portfolios, set stop losses, and more. In this article, we’ll explore the top nine AI crypto trading bots that can help you make the most of your trading activities. Bitsgap is a cloud based tool that offers various crypto automation bots to help you make money while you sleep. The platform has been around for last 3 years, and they are constantly adding new features, and making the automated trading enjoyable. These crypto trading bots are secure as they don’t have permission to withdraw funds.

• The TradeSanta team focuses on competitive pricing and responsive customer support.
• Bots integrate with exchanges via APIs, where orders to buy or are executed.
• Setting up a crypto trading bot is different, depending on the type of trade you want them to complete.
• CryptoHopper works closely with exchanges and authorities to ensure account security, and they offer top-notch security measures to protect user data.
• For instance, a Bitcoin bot will keep an eye on the price of Bitcoin and make trades based on its algorithmic understanding of when the price is likely to increase or decrease.

3Commas is committed to helping traders reap maximum profit success by minimizing investor risks and limiting exposure to losses. With no need to install additional software and already integrated across a large number of exchanges, 3Commas is a favorite among traders. Focussing primarily on providing useful tools and easily customizable features, traders can create, connect and adjust their crypto trading strategies accordingly. There are dozens of crypto trading bots on the market, and while they all work in a similar manner, they offer wildly different results. The most popular crypto bot types are arbitrage bots, market-making bots, technical trading bots, margin trading or leverage bots, and many others. Cryptohopper is one of the most powerful crypto trading platforms in the industry.

TradeSanta

Offering Mirror Trading, Market-Maker, Arbitrage, and AI bots, it streamlines automated trading strategies. Accessible via iOS and Android, Cryptohopper provides a lifetime free basic plan and operates with fixed monthly pricing, boasting $0 trading fees. Most crypto trading bots are fully programmed and come with multiple pre-build strategies that make it easy for users to set up their bots without any coding skills. However, there are some more advanced bots that require manual programming to provide the best results. However, the trading bot won’t do anything without your consent, so you’ll always have complete control over the automated processes. CoinRule became one of the most popular crypto auto trading platforms because it offers over 250 preset rules, allowing users to create some of the most unique and flexible strategies.

• The costs vary a lot, to the extent that some bots are 100% free while others cost thousands of dollars per month.
• Traders must still put in their effort, time, and knowledge to profit from successful trades.
• In this article, we explored the concept of crypto trading bots and how they work.

These automated trading bots employing artificial intelligence are gaining popularity among retail traders. The bot can also train on its own trading history, optimize predictions and strategies, and tailor these to individual users’ preferences. In the dynamic world of cryptocurrency trading, staying ahead of the curve is crucial. However, immediate edge if you want to use two different crypto trading bots, you should connect them with different exchange accounts. This way, you will be able to calculate profit, and your trade reserve amount will not overlap. As you navigate the world of crypto trading bots, remember to conduct thorough research, test strategies, and use reputable platforms.

Other Bitcoin and Automated Crypto Trading Bots

Will is a crypto expert from The United Kingdom who has been working and investing in the cryptocurrency industry for over 7 years. He has not only been an active investor but has also gained extensive experience working for reputable companies like Acroud, RakeTech, and Kindred Group. When the fast-moving average crosses above the slow-moving average, it’s a signal to buy.

• There are educational tools, an easy-to-use dashboard, connections to several popular exchanges and a host of bots and algorithms that can make your life easier.
• Cryptocurrencies have been through spectacular booms and busts in the past few years with prices surging to all-time highs and then falling back.
• It’s always better to have your crypto trader bot base its activity on recent history than in abstract calculations done in the pitch dark.
• 3Commas is a cryptocurrency trading platform, founded in Tallinn, Estonia, in 2017.

The monthly subscription ensures you are not locked in for a long time, and you can upgrade/downgrade or cancel your subscription anytime. They also offer 3 days free trial account which gives you access to all of their pro plan features. Let’s break down key ideas of how you can take all the benefits of automated trading while avoiding major risks. Automated trading software conducts trades via APIs, allowing them to work algorithmically, with no manual input. They tend to malfunction if they experience any mechanical issue such as network connectivity or hindered power supply. Both newbies and professional traders can benefit from using Exchange Valet.

Manage all your exchange accounts in one place

Tradesanta has a rating of 3.8 stars out of 5 on Trustpilot, with users praising its ease of use and maximum package level of utility. The reviews are generally on the side of 4.4 out of 5 stars, with people claiming that the bot does indeed work and is a bot that cuts your losses and maximizes your gains. Bitsgap has a customer rating of 3.6 stars out of 5 on Trustpilot, with some customers noting that there are drawbacks in terms of customer support as well as the default ranges.

Whether a trading bot is AI-powered or auto, it is fundamentally a crypto trading software designed to make trading easier and more profitable. Like Bitcoin trading software, these bots make data-driven decisions based on various factors such as price movements, trading volume, and time. 3Commas is a multifaceted crypto trading platform offering a range of bots, including DCA Bot, Futures Bot, and GRID Bot.

Shrimpy – Flexible Auto-Trading Portfolio Management Platform

Another great feature you will see here at HaasOnline is the dedicated cloud infrastructure. If the native exchange order types do not fit your strategy, you even have the option of creating synthetic order templates. On the other hand, minimizing using the Stop Loss will prematurely end the trade. In this instance, Mudrex has done a great job in only the best exchanges like Coinbase, Bybit, Bitmex, and Binance. Mudrex has patented a propriety metric known as the Performance Score to help investors choose and make the right decisions.

• Gekko allows the customers to backtest their trade data with the latest market trends and stats.
• Hence, traders need to decide if the technical indicators used by the bots will bring trading profits before using them to automate the trades.
• These applications enable you to manage all crypto exchange accounts in one place.
• The nature of bots and exchanges can bring unwanted risks like losing funds and phishing.
• The second key – and equally as important metric to consider when assessing the benefits of a Bitcoin trading bot is having access to multiple markets.

You can also do live backtesting and trading in this cozy little crypto trading nook. As long as you’re backtesting it and doing paper trade, your software is free. Haasonline has developed their own scripting language called HaasScript in which you can design your own trading bot that can actually be quite complex. Instead, as stated before, they outsource the software from some of the market’s most prominent coders. Tradesanta’s perfect for those who’re just starting or don’t require too advanced features. So yeah, you can load a tried-and-true preset, but you can also customize something of your own if you so choose.

Best Crypto Trading Bots

It may not be as popular as 3Commas, Bitsgap and others, but the kind of features it offers, it may make other feels shy. If you are connecting your existing exchange account with Cryptohopper, you can set the start amount to calculate the profit accurately. This removes the point of setting up a new exchange account for your bot trading. If you have never used a trading bot before, you could use 3Commas to get the hang of bot trading. All of these Crypto trading bot tools offer free training modules, make sure you spend 1-2 hours to learn the features and how to use it properly. When in doubt, join their community on Telegram or discord and clear your doubts before you start trading with a big amount.

All the data related to your assets and market trends can be seen from one place only. Exchange Valet has many other rare bots that optimize trading strategies even better. This includes bots like limit panic sells, stop loss, trailing stop loss, and many more. There is a whole market present on this bot from where you can get valuable trading knowledge. You can find plenty of tailor-made exchange trading strategies in the Kryll marketplace. There is a wide range of cryptocurrency exchanges offered by ProfitTrailer including ByBit, BitMEX, Poloniex, Kucoin, and Binance.