Best crypto auto trading bot

best crypto auto trading bot

automatic trading binance. crypto trading bot binance bot binance trading bot free. bittrex trading bot free. bitfinex trading bot. Individuals and traders all over the world would like to have a Bitcoin auto trading tool. What can be better than working on what you like and having your. Pionex | отслеживающих в LinkedIn. Cryptocurrency exchange with 12 in-built crypto trading bots. | Pionex is one of the world's 1st exchanges with.

Best crypto auto trading bot

Best crypto auto trading bot стоимость акций биткоина


Now, on this page, there are settings that you need to configure to start setting up your trading bot on Binance. Click on create to start your first grid bot on Binance. Anytime, click on the tutorial button to read more about Binance grid bot settings. I recommend you to start with a small amount, and use less leverage when testing this. Give it some time to get accustomed to all the settings, and then increase your capital.

This way you will minimize your risk of losing your funds. Pionex is a crypto exchange that offers many crypto bots including grid bots. Once you deposit funds in your Pionex wallet, you can use their grid bot to automate your trades.

They have been around since and are based out of Singapore. I have shared a detailed review of Pionex before, and also shared pros and cons. BitUniverse is a free trading bot that offers various kinds of grid bots. What I like about Bituniverse apart from being free is , it offers many advanced features that no other similar tool offers.

Overall, for many who are looking to start for free, the BitUniverse grid bot is the best available option. You connect with your exchange using an API key, and since your crypto assets are not stored on BitUniverse, you are safe. They do have a few additional products, which I have not tested, and I suggest not to try anything apart from manual bot trading on BitUniverse. Once I have more details, I will write a separate article for the same. It offers a test account that is ideal for an absolute beginner, and you can connect with almost all the popular exchanges including Binance.

Especially if you are from the USA, you should be using Bitsgap or 3commas, as both of them let you connect with the Binance. There are three different kinds of bot available, and some nice unique features like auto-adjust grid size which Is something not available in any of the other grid trading software mentioned in this list. You need a paid account to run the bot, and you can also make payments in cryptocurrencies.

Overall, Bitsgap is something that caught my attention recently, and it may become your choice of crypto grid bot app. They have been around since , and recently they added the option to use grid bot trading on the platform. For anyone who understands grid bot trading strategy, and looking for an easier way to execute it, Gate. Especially when there are limited solutions for our users based out of USA, Gate. I have been a user of 3Commas for a long time, and I really like their interface, and mobile app to track the performance or stop the bot.

I have talked about 3Commas in depth here on my 3Commas review, which you must check out. It also works with all popular cryptocurrency exchanges, and their free tutorials and guides will help you to master the art of Grid trading. Or, you can set a manual upper and lower limit for grid size. It definitely lacks the feature of stop-loss, or auto grid resizing, which may make a lot of difference for many novices. However, you get 3 days trial, which is good enough for you to test out the system.

Either way, in my experience 3Commas, is a solid choice for a majority of intermediate and experienced traders. Quadency is another popular crypto trading bot, which offers grid bot as a free feature. To be honest, I could not find much detail on how Quadency sets the price for grid, but what I like about them is; it gives you control on what to do when exit price is reached.

Here are 4 options:. There are a few more options like Pionex which is primarily an exchange but offers bot trading. Though I have not done the diligence of this exchange, so I would not trust this with my money, as it requires us to deposit the fund. Rest other options listed above, let you connect with exchange using API, and thus your funds are more or less safe.

The best exchanges are Binance. Fact: Grid bot trading is perfectly legal, and a majority of traders have started taking advantage of this automated trading strategy. The sooner you start, the more advantage you would get. If you are fairly new, then use 3Commas, as they offer 3 days trial and their help guide is good enough to get started. As it is, I will keep an eye on more new bots which are coming in the market and will include which is worthy enough to be listed here on our CoinSutra resources.

This trading website enables you to buy and sell trading strategies with ease. Botsfolio is a cryptocurrency-exchange that enables you to trade for digital currency with ease. This application enables you to track trading activities from a visual dashboard.

NapBots is a cloud-based system that enables you to use automated trading bots. It is compatible with various cryptocurrency exchanges, including Bitmex, Binance, Okex, and more. This application allows you to buy or sell orders executed automatically. Mudrex is a one of the best crypto trading bots that enables you to build a strategy with ease. It enables you to figure out good and bad investments.

This app allows you to choose between reward and risk that suit your need. Haasonline is one of the best crypto trading platforms that enables you to trade on more than 16 bots. Wunderbit Trading is a cloud-based platform that enables you to invest in cryptocurrency seamlessly. This website enables you to create fully automated trading bot. It enables you to customize your strategies. This automated crypto trading app allows users to create unlimited bot instances.

ProfitTrailer is a platform that enables you to trade for crypto currency without any hassle. It offers intuitive dashboard with a full overview of your trading. This application enables you to customize your currency buying strategies. HodlBot is one of the best bitcoin trading software that enables you to create a custom portfolio with ease. This automated cryptocurrency trading bot allows you to create a portfolio with more than coins. This one of the best crypto bot application enables you to manage your bot using a user-friendly dashboard.

A well-executed bot can conduct many functions for you like portfolio management, rebalancing, smart order routing, data collection, etc. It depends on various factors. Most of the trading bots have a claim to achieve a high success rate that will work fine. However, sometimes, this will not be appropriate when the market condition is not favorable. It always better to create a bot based on your own trading style and convenience.

Trading bots are simply software; therefore, there is no guarantee of profitability. There are also many risks associated with automated platforms and trading bots. You need to understand that trading bots are commonly designed for traders, not investors. They are also not appropriate for people new to crypto trading. Yes, a trading bot is completely legal in cryptocurrency and the stock market although only certain brokers allow it.

Anything that is illegal under normal circumstances is illegal also for cryptocurrency trading. You can file taxes for crypto arbitrage bot trading by just importing trades from exchanges to your cryptocurrency tax software. It is ideal that you are aware of the total number of trades the bot will make.

Trading bots having high frequency may allow numerous trades per day. It can result in tens or thousands of transactions. However, most of the tools can handle such trading on the crypto tax plan. Incase if you are going to trust a bot with your portfolio, then ensure that the team behind it is as qualified and credible as possible.

This can be done with a single checklist:. You have to ensure that the team remains transparent about their development. This way, they can be kept responsible for their actions. You should find out which bot will align with your strategy which is especially important. You have to look over the website of a bot and read the guides and reviews written by other people. Furthermore, you should also know how it can be helpful to configure bot. If you are not technologically inclined, it does not make any sense to subscribe bot.

The next thing you need to check is the level of support provided by your development team. This can be done by following the below checklist:. You have to check the pros and cons before actually using it. This will help you to save your time and money. You can also go through the free crypto trading bot services given by any Crypto Bot Trading Platform and compare with paid ones.

Bots execute strategies in their own way so, sticking to a particular approach will require to see your bot is running satisfactorily or not. This way, you will not lose your investment due to poor strategy execution. Skip to content Crypto trading bots are automated software that helps you to buy and sell cryptocurrencies at the correct time. It aggregates the liquidity from Binance and Huobi Global and is one of the biggest Binance brokers Features: Pionex provides 12 free trading bots for retail investors.

The trading fee is the lowest compared to most of the major exchanges. The trading fee is 0. Grid Trading Bot allows users to buy low and sell high in a specific price range. Leveraged Grid Bot provides up to 5x leverage. Spot-Futures Arbitrage bot helps retail investors to make passive income with low risk. Smart Trade terminal allows traders to set up stop-loss, take profit, trailing in one trade. Features: This bitcoin trading robot allows you to create your own technical analysis.

You can easily get strategies and bot templates. Cryptohopper protects your account by secure protocols. This free bitcoin trading bot keeps your data private. It offers a user-friendly interface. The tool provides real time performance reports. Features: You can easily view your trading through a chart.

You can test settings before investing. It can be accessed without downloading it. Your funds are kept on the exchange balance for security purpose. This BTC trading software helps you to gain maximize profit. Features: Offers real-time customer service. It allows you to test rule performance on past data. Set custom rules for trading. It has a market indicator that helps you to allocate funds with ease. Provides military grade encryption. Features: Curated, pre-defined strategies Drag-and-drop graphical interface for beginners In-browser Python code editor for advanced traders who know Python Blazing-fast backtesting module Cloud-based live-trading.

Features: You can sell and buy coins in a single window. This platform enables you to trade 24 hours a day. You can copy the setting of other bots. It allows you to balance portfolio by maintaining coin ratios. This cryptocurrency margin trading platforms provides deal notification through a mobile app, browser, and via email. Features: This app enables you to customize bots with ease. Provides a range of automated tools and advanced TradingView social network charting.

You can get a good level of customer support. Allows you to trade on Bittrex, Binance, and Kucoin. It offers varieties of trading bots that can be customized with ease. Supports automated trading. Features: Multiple Exchange Support. Connect your APIs easily. User-friendly interface Track all your crypto trading performance individually or aggregation across multiple exchanges on one app. Technical Indicators with Presets Most popular bots are readily available to set up in just one click with their discovery feature.

IO 9 Shrimpy Shrimpy is a social trading platform made for cryptocurrency. It can simplify your portfolio management. Allows you to view the live market price Offers a dashboard that includes statistics about each asset and performance metrics of a portfolio. Features: You can launch trading bots with a short and long strategy with ease. It allows you to buy or sell a large volume of crypto without any hassle.

Offers a wide range of pre-set templates. You can track bot in real time. Features: This application can be used with any installation. It enables you to split your profit targets. You can check your result as per the position.

Zignaly stores your coins on the exchange. Features: Helps you to save precious time You can use this platform without coding skills. Enables you to validate your trading strategies with instant backtests. You can create your strategy with a visual editor. Provide 24 hours a day support. Features: You can perform technical analysis with ease. Offers drag and drop editor.

It enables you to setup your strategy with a few mouse clicks. You can perform unlimited backtests the process of applying a strategy to historical data. Features: It can be used without installing any software. Provides a range of tools to perform a live test. Enables you to run live trading bots with no hassle. This application provides customer support through email and SMS notification.

Features: It allows you to trade with no technical skills. This application enables you to decide your investment goal. You can connect to your exchange with ease. Enables you to trade for Bitcoin, Monero, Bitcoin Cash, etc. Features: It offers a safe environment for trading.

Provides more than 15 trading strategies. Enables you to manage your savings with ease. You will be able to track the output of your investment from your cell phone. Keep your money safe using API key. Features: It offers historical data to test strategy. Offers intuitive interface. It helps you to maximize your ROI.

Features: It offers programmable script bots that are written in C. This application offers a customizable dashboard. It offers a tutorial to understand the platform. Price: 0. Features: It enables you to select the type of assets for trading. It can track balance automatically. You can manage multiple crypto exchange accounts with ease. Features: It is one of the best automated crypto trading bots supports automated bitcoin trading for more consistent results for your business.

It has a working strategy that makes it easy to get started. This cryptocurrency trading bot offers free updates without a subscription. This Binance trading bot enables you to generate profit by executing your trading strategies. Features: Enables you to view your sales without any hassle. You can view possible trades. It helps you to protects your liquidity.

Best crypto auto trading bot how to buy bitcoin without fees

This Cryptocurrency Trading bot CAN'T lose money!


For those unaware, an arbitrage trade is where you profit from the price difference of a single asset across two or more platforms. However, it is also important to note that if an arbitrage opportunity does arise in the Bitcoin trading markets, it will not be present for more than a few minutes. Once other traders have spotted the opportunity, the markets will quickly catch up and once again, cryptocurrency exchange prices will be more aligned.

This means that regardless of what timezone you are operating on, your Bitcoin trading bot can make risk-free gains when exchange price disparities occur. One of the biggest pain-points for seasoned traders is that cryptocurrency trading platforms are often limited in what they offer. By this, we mean that the number of order types available will often be capped at basic market and limit orders. For those of you that are looking to install sophisticated strategies into your Bitcoin trading endeavours, an automated bot is ideal.

While we will explore the specific strategies available further down in our guide, this includes a range of technical indicators and triggers that subsequently transition into market orders — all of which can operate across multiple exchanges 24 hours per day. In effect, third-party platforms that offer Bitcoin trading bots often allow you to design and program the algorithm from the ground-up.

This allows you to mirror your sophisticated trading strategies around the clock — without needing to spend a single second at your computer trading. A further benefit that must be highlighted is the fact that Bitcoin trading bots are suitable for all experience levels. On the one hand, they are ideal for advanced traders, insofar that investors can utilize highly advanced trading strategies around the clock. With the capacity to install thousands of potential triggers built into the bot, the underlying algorithm can make a significant amount of calculations per second — something that is beyond the capacity of the human brain.

At the other end of the spectrum, Bitcoin trading bots are also ideal for inexperienced newbies. The reasons for this are two-fold. Firstly, novice traders that wish to utilize an automated bot can purchase a pre-programmed strategy, meaning that no experience is required to put the bot into action. The novice trader can then configure the pre-programmed strategy to their individual requirements, such as the amount of money that the bot trades per order, or the specific exchange platform s that the bot operates on.

Secondly, newbie traders now have the option of building a bot from the ground-up — even if they have no experience or knowledge in the field. Such platforms even allow you to test the bot in the open marketplace without risking any money. As such, traders can then make the required adjustments until they feel the bot is ready to perform. The final benefit that is worth a quick mention is with respect to emotions.

Irrespective of the underlying asset that is being traded, emotions are one of the biggest roadblocks for investors, not least because they often lead to irrational behaviour. By this, we mean making high-risk decisions in response to an adverse trading result. The rational part of you is confident that a bear market is in the making, and thus — you should exit your position.

In doing so, although you will have made a loss, you will have likely limited these losses by closing the trade. This is a perfect example of a rational trade. However, many traders are unable to handle large losses, with the emotions of such a loss leading to irrational behaviour. With that being said, a Bitcoin trading bot would not have made the same mistake. As such, a Bitcoin trading bot completely alleviates the threats of adverse emotions and irrational thinking, which is crucial. So now that you know some of the many benefits that Bitcoin trading bots can offer, in the next section of our guide we are going to look at some of the key trading strategies that an automated bot can execute on your behalf.

Read: Should You Invest in Bitcoin? Before we explore some of the main strategies that a bot can implement, it is important to note that the specific strategies available to you will depend on your chosen provider. While some of the providers that we discuss further down in our guide might offer some of the below strategies, others might not.

The obvious starting point is the capacity to execute age-old market and limit orders. This is where you instruct your bot to buy or sell Bitcoin when it hits a certain price. Although market and limit orders are available on the vast majority of, if not all, third-party cryptocurrency exchanges, it is important to remember that a bot can do this for you when certain conditions are met.

At the same time, your bot can then proceed to place additional orders on your behalf. This is something that you would otherwise have had to do manually. Bitcoin trading bots are not only useful when the markets are on the up. On the contrary, they also have the capacity to execute orders when the markets are going down. If the bot has been programmed correctly, then it should be able to differentiate between a bull and bear market, meaning that it can execute sensible trades as and when a key movement occurs.

Once again, the bot will only perform trades based on the underlying software that it has been programmed to follow, so do bear this in mind. A trailing stop loss is one of the most powerful features that the Bitcoin trading bot can implement. For those unaware, this is where you have the chance to protect your gains when the markets are going in your favour, but at the same time, keeping a percentage of your order open to ensure that further gains are not missed.

The only way that you would be able to do this without the aid of a bot would be to sit at your computer for long periods of time. On the contrary, you could instruct your bot to leave half of your gains open, and proceed to make two additional orders. One order could instruct the bot to exit the trade if Bitcoin goes down by 1. This can be repeated indefinitely until the Dollar-cost averaging has been utilized in the traditional stock market arena for decades on-end.

In a nutshell, this is where you make small, but frequent, purchases of a particular asset. In the case of the Bitcoin trading sphere, such a strategy could be useful when the markets on a downward trend. In layman terms, by purchasing Bitcoin as its price is falling, you stand the chance of buying the asset at a discounted price.

While doing this manually is certainly possible, the process would be significantly more effective if you allowed a Bitcoin trading bot to execute your requirements autonomously. However, it is important to note that most third-party cryptocurrency bots allow you to program the software to detect potential opportunities. The key metric that will determine whether or not your arbitrage trading endeavours are successful is the number of exchanges that the bot supports.

Ideally, you will want the bot to be supported by as many exchanges as possible. This will ultimately increase your chances of profiting from a potential disparity in pricing between one or more exchange platforms. As Bitcoin is significantly less volatile than it once was, the cryptocurrency often finds itself in a period of consolidation.

This is where the price of Bitcoin trades within a certain, narrow range for a number of days or weeks. In the context of trading, consolidation periods actually offers a number of opportunities to make gains. In fact, these opportunities are further amplified by utilizing a Bitcoin trading bot. Ordinarily, you would need to sit at your device for a significant number of hours to scrape the small gains that are available in a consultation period. Market movements are going to be minute, so you would constantly need to open and close trades as you go along.

As we have noted throughout our guide thus far, taking a manual approach to Bitcoin trading over prolonged periods of time not only leads to fatigue and irrationality, but you will only be able to trade for a certain amount of time. On the contrary, you can instruct your Bitcoin trading bot to scrape small profits within the pre-programmed consolidation parameter on a hour basis.

By setting clear parameters as to when the bot should enter and exit a trade, such an automated strategy is actually low risk. 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.

Binance is the top exchange for trading crypto, it works with most of the bots listed above. Read our full review to find out more. Once again, the specific process might vary depending on the provider that you go with. Your first port of call will be to choose a Bitcoin trading bot provider. You will need to make some considerations as to what you are looking for in an automated bot. Here are some of the questions that you should be asking before obtaining a bot from a new provider.

Before you begin to program your bot, you first need to decide what pairs you actually want to trade. For example, you might decide to trade Bitcoin against Ethereum, or against another fiat currency like the Euro. Alternatively, you might decide that you want your bot to trade multiple pairs. Take note, some providers will limit the number of pairs that you can trade at any given time. Some will offer various subscription packages, with the more expensive plans offering a higher number of tradable pairs.

Once you have decided what pairs you want to trade, you then need to determine whether you want to build your own custom bot from the ground-up, or simply purchase a pre-programmed algorithm that is already active in the market. The specific option that you go for will ultimately depend on your experience and knowledge in the Bitcoin trading arena. On the one hand, many would argue that the best way to go is to build your own custom bot that nobody else is using.

If the bot is successful, then you retain the secret sauce, rather than having to share it with heaps of other traders. By this, we mean that you get to see how successful the bot has been since it was launched into the live trading markets. You also get to review comments that have been left by previous or existing users, which further allows you to gauge whether or not the bot is worth obtaining. 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. It is absolutely crucial that you do not activate the bot until you have gone through a testing phase. In this sense, you are best advised to choose a Bitcoin trading bot provider that offers this feature. Otherwise, you will be sending your bot into the wild without knowing whether or not it is likely to succeed.

By instead running multiple testing phases, you can make adjustments as and where you feel they are necessary. 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. With a keen passion for research, he currently writes for a variety of publications within the Financial and Cryptocurrency industries.

Zenbot is free and open-sourced for everyone to download and use it. The code can easily be downloaded from Github and used without limits for non-commercial purposes. This trading bot is an online software founded in by David Coronado and Bartolome Bordallo in Madrid, Spain that runs on the cloud and allows traders to link to their crypto exchange accounts via API and place their orders automatically. Instead of risking real money from the start, Zignaly gives you the option to try out their services via paper trading.

Not only does it prevent you from losing money, but this feature is also a great starting point if you want to better understand the market before joining in for good. But the best thing about Zignaly is its crypto signal integration. Why would users trade with crypto signal providers?

Instead of spending extra time carefully waiting for the next market movement, these services will send you signals, i. Zignaly has no coin limitations for this service, accepts multi-targets from signals, DCA-based rebuy strategies, and allows trading with TradingView signals. As a result, Zignaly has lifted the membership fee and has made all its features including unlimited exchange accounts, trading pairs, positions, and priority support free for everyone to use them.

Disclaimer: Digital currencies and cryptocurrencies are volatile and can involve a lot of risk. Their prices and performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided. Many crypto traders can remember the amazing feeling of waking up in the morning and finding out their portfolio has generated high returns on their investments.

On the other hand, many can relate to the disappointment of waking up to a bullish market that resulted in a heavy loss. Crypto trading bots can alleviate a great deal of the anxiety that crypto investors are facing on a daily basis. Using a predesigned strategy aligned to your risk appetite, these bots observe the market movements, execute trades for you, and help you capitalize at the right moment. The most important quality of a crypto trading bot is reliability.

But how can you be sure you can rely on its performance? To find out whether a trading bot is reliable or not you should do your research and read articles and user reviews to learn about their experiences and level of satisfaction. Security is another number-one priority when searching for the right crypto trading bot. The bot takes care of and manages your finances and has access to personal details and sensitive data.

Before you subscribe to a bot, check the security measures of the platform e. Profitability definitely plays a role in your choice of trading bots but you also need to be realistic about your expectations. Higher returns come from taking bigger risks but so do great losses. Crypto trading bots need to be affordable for more traders to use their services. Typically, the platforms that offer trading bots have their own Pricing terms. Some of them offer free trials so that users can familiarize themselves and hopefully fall in love with their features.

Then, they can subscribe to one of their monthly or annual tiers. There is also some reliable open-source bot software that is free. Customer support is another segment that deserves your attention. Online user reviews are most helpful in finding out whether a trading bot has a responsive customer support team or fails to answer customer queries in an acceptable hour timeframe. The available communication channels include email, phone lines, live chat, or social media. One of the main principles behind cryptocurrencies is that of transparency.

It also makes them feel like their demands, comments, and queries will be heard and solved promptly. Crypto traders are frequently put off by complex trading bots that require previous coding knowledge and ask them to set up the software themselves.

The purpose of these bots is to make crypto trading easier and accessible not only to institutional but to retail traders too which is why they should feature beginner-friendly user interface, tutorials, and video guides on using the bots. Arbitrage bots are hardcoded with the arbitrage trading strategy which involves making a profit from the price differences between two crypto exchanges.

It means buying cryptos from one platform the one that offers a lower buying price and selling them on another the one that has a higher selling price. The second most popular trading strategy is market-making. It involves continuous buying and selling cryptocurrencies by placing orders with a different price from the market one in an attempt to capture and profit from the spread between the buy and sell price.

The trading bot will place such limit orders on both sides of the book outside of the spread. Crypto trading bots are great for following crypto market trends and executing an order accordingly. The trend-following strategy involves observing the movement of your target asset and identifying its momentum to earn higher gains.

Therefore, you can simply program your trading bot to execute buy and sell orders based on market trends. When the cryptocurrency experiences an upward trend , the bot will enter into a long position, and vice versa, when the crypto trends downward, the bot will enter into a short position. Copy-trading became popular thanks to the global forex and ETFs brokerage platform, eToro , and then it spread to the cryptocurrency market as well.

This is especially beneficial for beginners who get the change to learn from their more experienced colleagues until they feel comfortable enough to develop their own strategies. Technical trading bots are bots that follow various technical indicators and send signals to traders before executing orders.

One of the best things about crypto trading bots is their ability to multitask. Not every investor is good at performing more tasks at once. Most of them can only analyze one market condition at a time and decide whether or not to act upon it. This is known as the pump and dump scheme and is just one of the many manipulative tricks you need to be ready for.

Using a trading bot can minimize the emotional involvement, lessen your anxiety, and prevent you from making orders on the whim. No one wants to be glued to their computer screen throughout the whole day out of fear of missing out on a market opportunity.

Before you finally notice the new changes in price and find the time to execute an order, your asset might have lost its value. On the other hand, a preconfigured trading bot places the order automatically. Even though the cryptocurrency market never sleeps, even if crypto investing is your full-time job, you still need to get some rest, run some errands, and spend time on other responsibilities that call for your attention. Crypto trading bots can help you reinforce your trading strategy but most of them require you to have some background coding or at least some general knowledge about how these bots work.

Crypto trading bots perform their job and place new orders through their integration with APIs, i. Application Programming Interfaces. Learn as much as you can about how the bot works and ways to protect it. We also advise you to turn on email or 2FA verification for withdrawals and make sure you keep your API keys safe! A well-designed crypto trading strategy helps investors make large profits using as little capital as possible.

On the one hand, the volatility allows for more trading opportunities but on the other, it can result in serious losses. Yes, trading bots are completely legal to use. The stock market has already automated most of its transactions. Studies have shown that funds managed by computerized trading strategies via bots are the fastest-growing category on the stock market. The same is true for the crypto market. However, using a trading bot by no means equals cheating.

Next, you need to choose a trading strategy that the bot is going to follow. You can check out this article to learn about the whole process. Bitcoin is the most popular cryptocurrency in the world so any crypto trading bot including the ones we talked about in this article supports BTC trades.

James is the main editor. With a passion for finance and anything blockchain, cryptocurrency is right up his alley. Last Updated on October 28, Crypto trading bots are gaining traction among crypto investors these days, and no wonder! Featured On. Best Crypto Trading Bots: Reviews Pricing 3Commas offers several packages for purchase.

As a result, traders can spend less time on the Trading Terminal Pricing Cryptohopper offers a free Pioneer package for all users that gives you access to 20 positions, manual trading, and portfolio management. However, if you want to get a real taste of crypto trading with a trading bot, we recommend upgrading to one of these packages: Explorer Starter Package. Adventure Medium Package. Hero Pro Package. Pricing On HaasOnline, you can subscribe to a 3-month, 6-month, or month trading plan and choose between a Beginner, Simple, or Advanced account.

Pricing Shrimpy offers a monthly membership for its services. HodlBot is a cloud-based trading bot that belongs to the group of portfolio automation bots. The trading bot itself has a limited offer of preset strategies for portfolio management designed to match the most prominent crypto assets at the moment: HODL10 HODL20 HODL30 Kraken10 The number next to each strategy denotes the number of cryptocurrencies.

Pricing HodlBot allows you to try their services for free during a 7-day trial. Infinity Grids Bot. Leveraged Grid Bot. Margin Grid Bot. Reverse Grid Bot. Leveraged Reverse Grid Bot. A combination of the Reverse and the Leverage Grid Bot. Trailing Take Profit Bot. TWAP Bot. Pricing Pionex is the first crypto exchanges to aggregate liquidity from two international exchanges Binance and Huobi Global.

Pricing One of the best things about Bitsgap is that you can use it free of charge for two weeks no credit card required! Pricing Coinigy offers three types of membership. Pricing Gunbot offers a couple of price packages based on your trading needs: Gunbot — Starter edition.

Gunbot — Standard edition. GunBot — Pro edition. GunBot — Ultimate edition. You can also pay in Ethereum, Litecoin, or Dash. The main disadvantage of Zenbot is the lack of more consistent updates. Pricing Zenbot is free and open-sourced for everyone to download and use it. Reliability The most important quality of a crypto trading bot is reliability. Security Security is another number-one priority when searching for the right crypto trading bot.

Profitability Profitability definitely plays a role in your choice of trading bots but you also need to be realistic about your expectations. Cost Crypto trading bots need to be affordable for more traders to use their services. Support Customer support is another segment that deserves your attention. Transparency One of the main principles behind cryptocurrencies is that of transparency. Ease of Use Crypto traders are frequently put off by complex trading bots that require previous coding knowledge and ask them to set up the software themselves.

Crypto Trading Bot Strategies Arbitrage Arbitrage bots are hardcoded with the arbitrage trading strategy which involves making a profit from the price differences between two crypto exchanges. Market Making The second most popular trading strategy is market-making. Trend following Crypto trading bots are great for following crypto market trends and executing an order accordingly. Copy-trading Copy-trading became popular thanks to the global forex and ETFs brokerage platform, eToro , and then it spread to the cryptocurrency market as well.

Technical Trading Bots Technical trading bots are bots that follow various technical indicators and send signals to traders before executing orders. No emotions involved. Running period. Cons Not always beginner-friendly. Frequent monitoring. Cybersecurity threats. Frequently Asked Questions Are crypto bots profitable for crypto traders?

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