Nov 12, · 3Commas is a popular trading bot which works with a number of exchanges including Bittrex, BitFinex, Binance, Bitstamp, KuCoin, Poloniex, GDAX, Cryptopia, Huobi and YOBIT. The bot . Dec 08, · Bitcoin robot trading is a lot faster than manual trading. Instead of manually analysing markets, opening an account on a cryptocurrency exchange platform, waiting for verification (this can .
Bot trading btcBest Crypto Trading Bot - Top 17 Bitcoin Trading Bots Reviewed
Transparency is what makes cryptocurrencies stand out from traditional currencies — their whole network is totally transparent which leaves no room for foul play. The best trading bots uphold similar standards. Go for bots built by reputable developers. Transparency not only helps you settle for a trustworthy bot, but it also enables you to get help whenever you have issues that need to be fixed.
The primary purpose of crypto trading bots is to make cryptocurrency trading easy for everyone. So you should go for bots with an intuitive interface. You should be able to control your bot with only a few clicks. Trading bots can analyze market conditions in multiple cryptocurrencies, simultaneously, and execute trades whenever there is room for making a profit.
Humans, on the other hand, are not good at this kind of multitasking. You can only analyze cryptocurrencies market conditions by going through them one at a time. And as you switch from one cryptocurrency to the other, you can miss on many profitable trades. This ability to multitask makes bots more efficient than humans. Cryptocurrency markets are highly volatile. Also, the big players often manipulate the currencies. The emotional tumult that follows these huge price fluctuations can make you erratic which then can lead to you making regrettable orders.
Conversely, trading bots are different. We often take a long time to execute trades. Unfortunately, in the volatile cryptocurrency market, such delays can be costly as a good trade may lose its value if you take too long in executing it.
Trading bots, on the other hand, place orders instantaneously. This increased speed makes them much more effective than humans. You cannot always stay in front of your computer and monitor your investments. You need sleep and other obligations that demand your attention always pop up.
But while you sleep, the cryptocurrency market marches on. Cryptocurrency bots can bolster your trading. Bots are therefore not very useful to inexperienced traders. Crypto trading bots are not very effective during high volatility periods. This is because they are emotionless and not attached to the money and so can trade successive losses which can lead to a massive overall loss.
Crypto bots execute trades through integration with application programming interfaces APIs. This means the two machines work together without manual intervantion. The centralized nature of exchanges and trading bots poses some risks though. Whereas hackers avoid blockchain systems thanks to their almost impenetrable security, they target systems with central servers like bots and exchanges.
Machines that work independently like bots are especially easier to hack. Many traders are facing the difficult task of choosing software for analyzing the cryptocurrency market data. The number of options is growing, so we wanted to simplify this task for you.
Below is the continuation of our list of trading bots along with the breakdown of their main features, pricing, pros, and cons. While we were in the research phase of this article, we looked at a huge number of cryptocurrency trading bots. To keep our data objective, we created a stringent set of standards. A bot could only make it onto this list if it adequately fulfilled several criteria: team reputation, support and guides, general bot features, price, and reviews.
The bot development teams needed to be in good standing within the trading community. Were there channels available to reach out for assistance? Would they help with bugs in just a couple of days, or would it take weeks?
We determined whether the team was sufficiently supportive by checking the following:. The last point on the features list was AI algorithms. Why is this beneficial, and is it different from a bot? Yes, absolutely. AI strategies are more dynamic than the strategies a traditional crypto bot uses.
Through deep machine learning, an AI bot can actually analyze and understand data — thus, it can adjust its own algorithms in order to adapt to new data. If you use a costly crypto trading bot, it reduces the amount of money that you can funnel into your portfolio. So, we tried to find bots that both provide high-quality services while also fitting into a modest budget.
Many crypto bots are way too complex for a beginner trader to use. We have only included bots that can fit multiple comfort levels — they provide necessary core features while also being user-intuitive. One of the best ways to see if a crypto trading bot is worth its salt is to see the feedback that real users have given.
We scoured crypto review forums, as well as more general review sites like Trustpilot. For a crypto bot to make it on our list, the majority of its users had to be satisfied. As of now, there are currently , registered users and 26 supported exchanges. Recently, 3commas has collaborated with Binance.
Under the broker program, you can create a free Binance account and utilize tools from the 3commas platform. When you purchase the 3Commas Pro version, you will also receive access to a free trading course. Since our last update about top crypto bots, 3Commas has reduced the price of all of its subscription levels. Note: 3 commas offers free 3 days FULL access and ability to use it for free.
Gunbot also known as Gunthy boasts of over active traders. Instead, you install software, which collects no data about your usage. Payments are accepted through Bitcoin, Litecoin, Ethereum, and Dash. Gunbot offers four price packages depending on the features you want on the bot. Cryptohopper is a cloud-based crypto trading bot that works with a wide range of exchanges and coins. Crypto Hopper offers speedy automated trading and portfolio management for over cryptocurrencies. The cloud-based bot currently has over , users.
The more points that are gathered, the more benefits users can earn. For instance, they can get discounts, become a marketplace seller, and earn cashback credits. Read Full CryptoHopper Review 4. TradeSanta is a new cloud-based tool but with an already established reputation.
Along with supporting basic order types, automated bot can execute more advanced strategies. However, some functionality may take a lot of time to get accustomed to. TradeSanta might not have as many features as other entries on this list — however, you can do quite a bit for free, and its services are high-quality. TradeSanta has also made some Quality of Life improvements, including stability improvements and increased site speed. The bot is now available in Russian.
Additionally, TradeSanta offers technical indicators including Trade filter, Volume filter, and Bollinger signal , an extra orders feature, buying coins for a commission, etc. You can also set the bot to enter trades at the market prices, buy more of the asset as the market goes against a position and much more.
Read Full TradeSanta Review 5. BitUniverse users can log into their account on the Pionex platform. We did not include BitUniverse or Pionex in our previous list of the best crypto bots.
However, due to their collaboration and increased benefits, we now believe that they deserve a 5th spot. There is a 0. Gekko is an open source cryptocurrency trading bot that you can download on GitHub platform.
The bot is compatible with the major operating systems Linux, Windows, and macOS. It also runs on raspberry PI and cloud without any issues.
Zenbot is yet another open source bitcoin trading bot. You can modify it to suit your trading preferences, and you can use it on all major operating systems. Autoview is a low-cost crypto trading bot that comes in the form of a Google Chrome extension.
CryptoTrader is an automated cloud-based crypto trading bot. BTC Robot is a pioneer automated Bitcoin trading bots. It runs well in the major operating systems, although its prices in various platforms vary — Mac users pay more compared to Windows users.
Shrimpy emerged on the market, in , and has quickly gained popularity in the trading community. This is why they offer a good range of services for free. All business operations are conducted transparently.
If there is anything to update users on, the team puts out statements on their social media accounts. The primary feature of this tool is a built-in auto trade algorithm that can place orders on your behalf. Aside from automating the trading process, Shrimpy can offer a decent range of additional features:.
Shrimpy offers a free Hodler trading bot package that gives you access to all portfolio tracking features.
Ideally, the list could be more extensive, but the team is working on adding more crypto exchange APIs. Zignaly is another cloud-based platform requiring no installation or server updates. External signal providers there are currently more than 20 providers are part of the platform and help users automate the trading process. At this point, this subscription gives you access to priority support, unlimited coin pairs, and positions.
In the future, the company assures there will be unlimited exchanges. At this point, Zignaly only supports Binance. It might present limited opportunities to traders, but the recent announcement stated that they are planning to add Bittrex as well.
Over the last two years of existence, ProfitTrailer has managed to acquire quite a good reputation. There are conflicting reviews, but the bot is definitely worth a shot. You can get a closer look at this tool with free signals included within the cheapest package. ProfitTrailer lets you choose between five packages varying in API key slots, trading settings, configuration saves, buy-sell strategies, and some other features.
ProfitTrailer supports all coins listed on these platforms. The team behind Kryll. This online platform for automated cryptocurrency trading strategies appeals to traders with different experience levels.
If you want to create a strategy and test, you will not be charged for it. The fees depend on the amount of KRL tokens you are holding. With further development, there should be a more extensive list of available platforms. Exchange Valet is a desktop app available to Windows, Mac, and Linux users. The app is mainly focused on automated trading functionality. Unfortunately, there is little information known about the team behind this project. For users who are not well-versed in cryptocurrency, there are many educational resources on the platform.
Along with FAQ articles and tutorials, users can connect to their Telegram and Discord to remain updated on all the news. For any of the packages, you can request a day trial.
Currently, you can automate cryptocurrency trading on Binance and Bittrex exchanges. For traders who want a wider variety of options, it might be a problem. The Margin. The interface was improved, and some functionalities were added. The pricing plans for this service are organized as a one-time payment. There are three types of licenses you can choose from:.
As of right now, there are already many supported exchanges. The full list is available on the official website. Autonio is a decentralized, artificial intelligence trading tool. According to the team behind this project, AI-based algorithmic trading makes this tool fundamentally different from other services.
You will also have to pay a one-time registration fee. After that, you will have unrestricted access to the Autonio functionality. The cryptocurrency pair combinations you can trade with depend on what currencies are listed on these exchanges. Tradewave was not a traditional trading bot. The platform was shutdown in USI Tech is a Forex trading bot that also offers cryptocurrency trading packages.
As a user, you have no control of the bot. You can opt for your preferred investment plan from which will then earn you about 1 percent of your capital daily. There are some specific key functions to keep in mind when considering a cryptocurrency trading bot. DCA dollar cost averaging bots follow the DCA strategy, meaning that they invest into an asset at present intervals. This will reduce the entry price over time, allowing the trader to get a more ideal average price for their position- and, in turn, reducing consequential risks from local price movements.
DCA Bots can automate this process, thus saving you money. Options are high-risk financial instruments that can be tricky to master — thankfully, options bots make it easier. To learn more about how Options work, check out our comprehensive blog post on the subject. The bot places an initial buy order and then more orders if the price moves in the opposite direction.
The primary difference between the two bots is that a GRID bot places a separate take profit order for each buy order — whereas a DCA bot will place one take profit order for all buy orders. Some crypto bots have social trading features. When a trader uses a social trading strategy, they will observe the trading behavior of expert traders and peers and then follow along. Bots that have social trading hardcoded in will automate this process.
Crypto bots with backtesting features will use historical data to reconstruct trades that would have happened in the past. The final result will offer the trader statistics to gauge the effectiveness of those trading strategies. The underlying theory is that a strategy that worked in the past will likely work in the future.
Trading securities are stocks and bonds that will be purchased and sold to make money in the short term. These are fast-moving investments, so it helps to have a bot to keep on top of it, since these investments are often traded on a daily basis. It can be seen as a safety net. With all the features that Live Trader includes, it is reasonable to expect that the more advanced plans would cost substantially more.
All those cloud servers cost money, and doing the same thing on your own machine would get expensive. If you are looking for a platform that delivers loads of algos, works with many of the most popular crypto exchanges, and lets you do extensive off-exchange backtesting, Live Trader is worth learning more about. The homepage also offers a chat window, which is nice to see! GunBot is a well known cryptocurrency trading bot which uses individual strategies that are completely customisable to fit your trading style.
You can run the bot on your own computer or use a VPS and can manually add different coin pairs, pick a strategy and set it to work. GunBot a versatile trading platform, and it also offers a lot of value for the money.
The platform has a few different plans, that range from 0. The features that GunBot includes in its Starter Edition are worthwhile for the price. The next two levels add loads of functionality, with the Pro Edition adding backtesting capabilities, and cryptosight as standard features.
It is estimated that there are more than 6, traders that use GunBot on a daily basis, and it has gotten numerous positive. Gekko is an open-source trading bot and backtesting platform that supports 18 different Bitcoin exchanges. Gekko is entirely free and can be found on the GitHub platform. Gekko is a relatively straightforward trading app to use that includes an interface and basic strategies from the outset, which allows you to be more comfortable with the use of the bot.
Gekko also has a number of plugins available that will allow you to be updated regardless of what level of connectivity you have. Similar to Gekko, Zenbot is also an open-source trading bot for Bitcoin traders. As an open-source project, Zenbot is available for users to download and modify the code as necessary. However, there have been question marks in the community over the development of Zenbot, with no updates having been made to the platform for a significant number of months.
This means that no additional exchanges have been added to the platform for almost one year, meaning that it may have access to less information than some of its competitors. However, on the positive side, Zenbot, unlike Gekko, does offer high-frequency trading as well as supporting multiple cryptocurrencies in addition to Bitcoin. Visit Zenbot. Typically, a trading bot will analyze market actions, such as volume, orders, price, and time, although they can generally be programmed to suit your own tastes and preferences.
Trading bots have been popular for many years in various conventional financial markets. However, trading bots have not been traditionally available to the average investor as they cost a significant amount of money. With many people trading Bitcoin passively and therefore unable to dedicate large amounts of time to analyze the market, the intention is that Bitcoin bots will allow users to establish more efficient trading without having to keep on top of the market at all times.
Although the cryptocurrency market is much less mature than other financial markets, the digital nature of the market has meant that despite the fact that it has had significantly less time to integrate algorithmic trading, the technology has not been slow in catching up on its rivals in terms of providing a trading bot service, allowing for investors to obtain access to a wide range of trading strategies, some of the most popular of which are considered below:. In the early days of cryptocurrency trading one of the primary strategies that traders used to make profits was arbitrage — i.
As cryptocurrency exchanges were decentralized, there were often large differentials between prices offered on various exchanges, meaning that profits could be made through arbitrage. Although the spread between exchanges are much smaller now, they do still appear from time to time and trading bots can assist users in making the most of these differentials.
In addition, arbitrage can also be utilized in traders looking to involve futures contracts in their trading strategies by benefiting from any difference that exists between a futures contract and its underlying asset, by considering futures contracts that are traded on various different exchanges.
Trading bots can also allow investors to use the market making strategy. In order to carry out the market making strategies, in involves making both buy and sell limit orders near the existing market place. As prices fluctuate, the trading bot will automatically and continuously place limit orders in order to profit from the spread. Although this may be profitable at certain periods, the intense competition around this strategy can result in it being unprofitable, especially in low liquidity environments.
Trading bots work by reacting to the market. It gathers the data it needs in order to execute a trade based on analysis of the trading platform. In addition, as noted above, the spread between the exchanges has flattened somewhat, meaning that the opportunities for inter-exchange arbitrage are much lower than in previous years.
Many trading bots use what is known as an exponential moving average EMA as a starting point for analyzing the market. By programming the bots, traders can set their thresholds to correspond with their risk appetites. However, one of the downsides of EMA is that it is based on past history, which, as all traders will know, is not indicative of future performance, especially in the cryptocurrency industry where volatility is rife.
Therefore the question of whether trading bots work is a multi-faceted one in which the problem answer is that they work, but not necessarily for everybody. Trading bots offer a variety of advantages, including having constant interaction with the market, as well as the not-insubstantial factor of removing the emotion from trading.
However, on the other hand, by using the wrong trading strategy or relying on the trading strategy of others, a trading bot could simply end up automating a set of poor market trading decisions. Cryptos are a great new asset class, but it is hard to create a return from them in the same way that cash or a stock creates value.
Most people associate stocks with gains from price appreciation, but many of the best stocks pay out dividends. From an investment standpoint, passive income is extremely important.
One argument for holding stocks through a bear market is that they will continue to pay dividends, which can then be reinvested in the company when the stock prices is depressed. Cryptos are more like a commodity than a company from an investment standpoint, which leaves investors with something of a problem. If you want to put your crypto portfolio to work for you, trading bots could make sense to use.
There are many different kinds of bots out there, and some can take advantage of market movements to create gains automatically. Instead of relying on dividends, trading bots allow you to leverage your crypto holdings to make an income via trades. This system of income generation may not be quite as secure as compounding dividends, but it is one of the only options available to crypto investors. Of course, there is no such thing as free money. Any risk that can generate a return has the potential to lose money.
It is a good idea to make sure that any automated investment platform you choose to trust with your cryptos can prove that it works with a verifiable transaction history.
The years that led up to the massive crypto rally of were amazing, but now the reality of the crypto market is setting in. If you are looking to make the kind of returns that many saw in with a trading bot, you will probably be disappointed, or go broke.
The simple fact is that in order to create returns, you have to take on risk. The bigger the risk, the greater the possible return. On the other hand, when you take big risks, the possibility that you will face catastrophic losses is very real. Trading bots can assist traders in ensuring that they are always interacting with the market, even when they are physically unable to do so. They can assist in removing some of the stress and emotions that are often found in any financial trading markets, not least the cryptocurrency market.
However, trading bots are not for everybody, nor does everybody need one. Casual investors are not the prime target of trading bots, and if your intention is to buy and hold Bitcoin then a trading bot is probably not the correct investment for you.
In addition, if you are not a competent programmer or familiar with the creation of financial strategies, trading bots may also not be for you. However, if you have the requisite knowledge and ability to overcome these obstacles then a trading bot can be a worthwhile tool in monitoring and making gains from the Bitcoin market.
He has extensive experience advising clients on Fintech, data privacy and intellectual property issues. He holds a Masters in Corporate Law and currently works with a fast-growing e-commerce company in Ireland, as well as advising other start-ups in the Fintech space.
Contact andrewn blockonomi. Anyone have any info on Nefertiti? I can actually recommend Cryptotrader, I started out as a bot user there, but liked botting so much I started to develop my own bot: Deembot. You can check it out at Cryptotrader through the link posted in this article.
Any questions can be sent to me on the platform there. Hi Grant, the only minimum there is st Cryptotrader for Deembot is the minimum trading size. However since the bot does require a rent I suggest using at least a couple of hundred bucks to get close to return on investment.
For questions you can always reach out to me on the platform via PM. Account: Demian. I prefer to invest with a trading company who has a bot. That is expert service and you just rest and also make money. There are so many scammers around, I find it difficult to trust any of them. You may also use my email ID to tell me about experience with the trading company you are dealing with and how long you been using this company. Thank you. Hands down the HaasBots are the best automated trade bots available.
Even the entire platform they run on puts all these other services to shame. HaasBots were also the first Bitcoin bots available to the public and the company has had a working product since , unlike all these sham ICOs or sketchy web services. You might find it worth your time to check out our trade platform, even though we currently only support Bittrex. We offer a fully automated platform in which you have a few settings you can tweak and for the rest it runs itself. Definitely the easiest to use and get set up from this list of bots.
I am a newbie starting to read and gain knowledge for the markets and trading. What do you recommend me as a beginner … when using a Bitcoin Trading Bot.. Are there any tutorials about how to use a bot?
Any kind of opinion or supportive help appreciated! Thank you very much for a very interesting and useful review of current trading boys. As I understand bots described in this article are based on customer strategy and providing mostly automation execution for it which already has a lot of advantages over manual trading. And as I know there are a new type of trading bots. Is it more profitable, easy and secure to use such bots? Thank you, Igor. Correct, thats not what these bot are. These bot are based on simple indicators you can get easily on Tradingview and are not true algorithms which hedgefunds and big banks use.
The types of bots you are talking about are using maths and complex machine learning Q learning and written in programming language R based on data mining algorithms. At present it looks promising but in the long term there is so much uncertainty so be cautious in investing in the long term. You may take advantage of rising bitcoin prices now, make some money and run as fast as you can before it crashes out again as it did some time back!
Good luck dear Tania. Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email.
By Andrew Norry November 12, Club Club Gives You a Lot Cryptohopper Cryptohopper is one of the most established players in the auto trading scene for several reasons. Signaler dashboard where you can subscribe The bot allows you to take advantage of bull markets with a trailing stop-loss, and has full technical analysis features from Stoch and RSI to Bollinger Bands and MACD.
Visit 3Commas. Advertise Here. November 10, Ricardo P. Kittrell 3 years ago Reply. Everyone should all start buying and selling bitcoins at LiviaCoins. Their service is good. Ivanov Laketic 3 years ago Reply. How about cat bot? It is probably the oldest bitcoin bot around and not in this list?
Chris 3 years ago Reply. Samantha Reeder 3 years ago Reply. TheBitcoinCode — Legit? Demian 3 years ago Reply. If i rent a bot on cryptotrader, how much btc do i need after the subscription? Demian Voorhagen 3 years ago Reply. Parvez 2 years ago Reply.
Mona Lisa Oak 1 year ago Reply. CryptoRob 3 years ago Reply. It is a fully automated trade platform, so if you are interested let me know! You can find us here www. Ramesh 2 years ago Reply. Anyone heard of GSMG? Any good? James 2 years ago Reply. Dose not look very robotic. Ryoma 2 years ago Reply. Sean 2 years ago Reply. Many Thanks! Michael McCarty 2 years ago Reply. Hi Andrew and all out there. Thank you in advance. Kind regards Efe. Dharmesh Jewat 2 years ago Reply. Igor 2 years ago Reply.
Chris 1 year ago Reply. Lorena 2 years ago Reply. Morning everyone! Does anyone know about FXTrading? Waen 2 years ago Reply.