The 11 Best Crypto Trading Bots Reviewed

AI crypto trading bots have proven to be excellent trading tools for new crypto traders. You may find that your favorite platform offers social trading and – more than one profitable trading strategy. They can immediately analyze trading signals and make a decision before a human trader even collects the data.

WunderTrading provides a lifetime free plan and offers paid subscriptions ranging from $9.95 to $44.95 monthly, with a 7-day trial for its PRO plan. 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. A cryptocurrency trading bot is a computer program or application that trades cryptocurrency for you based on predefined conditions.

Best Crypto Trading Bots Top 3 Picks

That means the AI always follows the latest market developments, ensuring you get a competitive edge in all conditions. Users can also backtest their custom strategies before investing, which helps improve results over time. It is also important to note that you are not limited to a single trading strategy – at any given time. For example, if your bot is instructed to scrape profits in a period of consolidation, it can still execute other orders that you set. If and when Bitcoin eventually breaks out of the pre-programmed consolidation area, it can then trigger additional orders – such as a trailing stop loss.

• Bitsgap integrates with 30 exchanges, including all the leading platforms such as Binance, Kraken, Bitfinex, and many others.
• Packed with powerful custom strategies, presets, and technological advantages, Zignaly provides 50+ indicators and patterns free of charge.
• This bot is a simplified trading tool based on an algorithm that helps traders to make systematic trades in cryptocurrency.
• A crypto trading bot is an automated software program that buys and sells cryptocurrencies at the right time with the goal of making a profit.

The stand-out feature offered by Kryll is its super-simple ‘drag and drop’ strategy builder. The builder is suitable even to those with no experience in trading, as each step of the strategy is broken down piece-by-piece. Kryll also offers unlimited backtesting without restrictions, and the ability to run your strategies 24/7. HaasOnline supports a broad range of crypto exchanges, enabling users to trade on multiple platforms and access a diverse range of trading opportunities. Its compatibility with popular exchanges ensures that users can take advantage of the best deals available in the market. These features provide valuable insights into market trends and help users make informed decisions while minimizing losses and maximizing profits.

Intermediate traders

CoinLedger is the leading crypto tax software that is partnered with many top crypto trading bots, terminals, and tools on this list. Having good crypto tax software that supports your crypto trading strategy will keep your tax reporting extremely easy and stress free. Welcome to the world of crypto trading bots, where automated algorithms take the reins and execute trades on your behalf.

Furthermore, the prospect of trading beyond technical analysis indicators is what keeps the pros coming back to Trality. The real power lies in the ability to use math, statistics, and other sources of data to take your bot to the moon and back. You can automate any advanced trading ideas with this tool all under one roof. Now that you hard-coded the strategies and tested them out in the real-world, its time to finally automate the entire process. You need to set-up a job scheduler to execute your trading strategies automatically.

What Are Types Of Cryptocurrency Trading Bots?

Professional and Enterprise subscription plans cost $79 monthly and $299, respectively. The core objective of the 3Commas team is to minimize investors’ risks, limit exposure to losses, and maximize profitability. With 3Commas, traders can seamlessly manage their trades across multiple exchanges without the need to install separate software. All trading activities can be conveniently controlled from one centralized location. Please pay close attention to the fact that a crypto trading bot requires access to your public and private API key.

• Always do your research and perhaps start with a bot that offers a free trial or demo version, so you can test its capabilities without committing your funds.
• Cryptocurrency has grown to become one of the most popular assets to trade in recent years.
• A well-executed bot can conduct many functions for you like portfolio management, rebalancing, intelligent order routing, data collection, etc.
• The Smart Order crypto trading bot allows the user to go short or long by placing smarter orders by fixed stop-loss and profit target or via trailing.

However, the benefits of an automated trading bot in the context of time goes far and beyond just fatigue. On the contrary, bots allow you to extend your exposure to the global Bitcoin trading arena around the clock. If you’re looking for a cost-effective pricing plan, then you might be best off exploring what Zignaly has to offer. Moreover, your $15.99 per month will afford you an unlimited number of coin pairs, and an unlimited number of positions.

Where Can You Buy Luna Crypto

BTC Robot is an automated Bitcoin trading bot that is programmed to identify cryptocurrency market opportunities for users who are interested in starting a trade. Its main aim is to generated automated solutions for its customers who are looking to optimize their trading strategies. This is one of the best crypto trading bots that specializes in Bitcoin. One of the most important breakthroughs in the space of crypto trading bots is the Code Editor that can be used for bot creating. HaasOnline is one of the most reputable and oldest automated trading companies today.

• Its compatibility with popular exchanges ensures that users can take advantage of the best deals available in the market.
• Trading bots have been around for decades, and even crypto trading bots have been used for years.
• It tracks coin prices in real time, has customizable alerts, and calculates profit/loss.
• Bots execute strategies in their own way, so sticking to a particular approach will require to see your bot is running satisfactorily or not.
• Automated trading systems can experience failures that could cause missing orders.

Following your selection of an automatic trading bot, the software will purchase and sell your crypto for you according to the settings you choose. 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. An AI trading bot goes a step further by employing ML (machine learning) and AI (artificial intelligence) to adapt to changing market conditions and learn from previous trades. The more data the AI trading bot processes, the more sophisticated its trading strategies become.

How to Choose the Right Crypto Trading Bot for You

This is a great feature that allows customers to trade the way they want. You can customize the interface of the bot with the drag and drop function. At the same time, a lot of technical functionalities were added to help with better strategy making. All these bots work towards safeguarding the growth and generating more profits. Finally, you will be able to choose between both simple and advanced technologies.

• Most bots support a limited number of exchanges, namely the large centralized exchanges such as Binance, Coinbase, Kraken, KuCoin, etc.
• Phemex offers a complete futures grid trading feature for free that is tailored for beginners.
• The trade signals, created using AI, are generated by StormGain experts who employ various analytical methods.
• 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.
• By being aware of these risks and considerations, traders can make informed decisions regarding the use of crypto trading bots.
• Cryptohopper is a leading cryptocurrency trading bot compatible with exchanges like Binance, Coinbase Pro, Kraken, and more.

3Commas is a crypto investment platform that offers manual and automated trading strategies. The advanced trading tools enables users to manage their assets across 16 major crypto exchanges from one interface. Best of all, 3Commas helps traders profit by offering trading strategies that are suited for bear, bull and sideways markets.

Which are the best Arbitrage Crypto bots:

The Knowledge Base part of the website has a wealth of information on anything from creating rules and trading strategies to using the demo exchange. In this regard, it should be noted that Coinrule does not directly enable backtesting on the platform. Essentially, this implies that the sample account is running on real-time price action data supplied by Binance itself. For instance, Coinrule gives its customers the ability to define circumstances that will cause an action to be taken on their trading accounts. If the stated condition is fulfilled, the Coinrule bot will continue to carry out a predefined action. The opposite is also true – if the condition is not fulfilled, the bot will not execute the action.

Once you are happy with the finished product, you can then activate the bot and thus – it will begin trading with real money at your chosen exchanges. While the exact process will differ from exchange-to-exchange, you are usually required to extract an API code from the platform in question. Next, you then need to paste this code into your chosen Bitcoin trading bot platform. The specific option that you go for will ultimately depend on your experience and knowledge in the Bitcoin trading arena. As Bitcoin is significantly less volatile than it once was, the cryptocurrency often finds itself in a period of consolidation.

Research the bot’s capabilities

Every single trade that you make can have an enormous impact on your potential earning. Suppose the price of Bitcoin is going down and you want to sell your position the moment BTC hits the $8,750 support line. If you were to do this manually, you’d have to patiently and carefully observe the price chart, and even then, you english may not pull the trigger at the right time. The bot can be easily programmed to monitor the market and execute a trade at the correct times. You will be surprised to see the huge variety of technical indicators present on this trading bot. Speed trade helps you to keep a tab on all the emergent trading opportunities.

• I do miss seeing a dedicated Bitsgap mobile app which is something all the competition of Bitsgap offers, but overall Bitsgap is a crypto trading bot that you should not ignore.
• The list below gives you a quick overview of the top crypto trading bots on the market in 2023.
• You can purchase Gunbot for a one-time payment which includes unlimited updates and support.
• The pricing options for Haasbot cater to different levels of experience and budget, from beginner to advanced packages.
• Crypto trading bots are autonomous software program that automates all the manual process needed to trade.
• All you need to do is set the right range and the rest will be done by the bot.

Perhaps the best aspect of Trality is that it is a full-circle platform. Bots can be created very easily and can be backtested and deployed via the same platform. The bot will place the first buy order and the extra orders if the prices start moving towards the opposite direction. You can see how well your plan will work in the real world, based on historical evidence. Before deciding on the right one, always compare the efficacy of different methods. You should note that adjusting the criteria to meet personal satisfaction can be risky.

Our pick of the best crypto trading bots

Create, backtest, and automate trading strategies & bots without any line of code with the most advanced visual builder in the market. Don’t know how to build a trading strategy but want to become profitable? 3Commas is a cryptocurrency trading platform, founded in Tallinn, Estonia, in 2017. It’s not just an exchange or trading platform it has trading bots with ready-to-use strategies, and bot presets. Crypto trading bots have been designed to overcome any physical or computational limitations that we as humans have. Bots monitor prices continually, never tire, have no emotions, and move quickly.

• 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.
• Before making any serious trading decisions, evaluate the performance of your bot in Demo mode or by doing a free backtest.
• Create bot strategies with a click of a mouse or develop your trade bot line-by-line.

They offer a free plan which is idle for beginners or passive investors of digital assets. The pro plan starts at $49, and allows monthly trading limit of $100,000 USD. They have three plans at the time of writing this guide, and you could choose any based on your requirements.