Dec 08, · A Bitcoin robot is an auto-trading software that use complex algorithms and mechanisms to scan the Bitcoin markets, read signals and make decisions on which trades to place in order to . Bitcoin Robot can be explained as a computer program that is powered by smart algorithms made from the trading strategies that are used by professional Bitcoin Traders. Moreover, most of the Bitcoin . Best Crypto Trading Bots – Automated Crypto Profits!
Btc trading botsBest Crypto Trading Bot - Top 17 Bitcoin Trading Bots Reviewed
There are a wide number of crypto trading bots available to use — it can be tough for beginners to find the best place to start. This comprehensive guide will go over different kinds of crypto trading bots.
Crypto trading bots remove fear and emotions from the trading equation by allowing investors to execute trades based on a predesigned strategy. You can easily miss out on golden trading opportunities if your bot goes offline for some time. Reliability is, therefore, a key when acquiring a crypto trading bot. Go for a bot that has a long trail of contented clients who testify of its reliability and level of service.
Your trading bot has access to your currency. 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.
Each of these three add-on services have their own uses and it is quite worth the extra money to get them. It helps the users know when it is time to make a decision for the cancellation of a trade. The cryptocurrency market is subject to high volatilities which makes it difficult to predict the right time to invest. Launched in by a team comprising of Luca Benevelo, Philippe Longere, and Paul Collorafi, it consists of some of the most advanced features for creating your trading strategy which can be used by people without any prior programming experience.
The platform will provide you with simple and powerful tools that will enhance your creativity. A very flexible editor, Infinite possibilities! Drag and drop condition or indicator blocks, connect them and create basic or advanced automated strategies. All this can be created without any line of code! As the platform evolves, new functionalities will be added, such as risk analysis tools and new blocks, some of which are based on Artificial Intelligence such as Sentiment Analysis and trend prediction by Deep Learning.
You can test your strategies on the entire history of cryptocurrencies up to 4 years with 1min candles and improve them with a few clicks. The marketplace connects the creators and users of the platform. Simply select the strategy that suits you based on the pair you want to trade on and let it do the work for you! When the BTC-E exchange was shut down in , one of the most popular crypto trading bots disappeared from the internet.
This was the leonArdo trading bot. It was, however, replaced by the Margin cryptocurrency trading bot, giving the users the continuation that they required from the interface which they were already using so comfortably.
Margin had took over the leonArdo trading bot, adding in more features of its own to give an overall better cryptocurrency trading bot to the users. The layout has been cleaned, and even more effective trading strategies have been added into the ecosystem with a stronger security to protect the finances of the users.
In the beginning, the leonArdo trading bot was considered one of the most premium trading bots since it was priced at 0. However, ever since the bot was acquired by Margin, the price has dropped and the users could not have been happier.
If you want to hold in more amount then you have to upgrade the plan to a higher priced package. There are online tutorials which are included in each plan. This helps the users understand the ways in which the different strategies work and how they will be useful in helping them earn profits. This is one of the best performing bots out there. Crypto World Evolution has proven itself to be one of the best designed and most profitable bots in the world.
The plan for the bot is marketed through the Multi-Level Marketing, meaning that there is an additional financial aspect to the bot other than its automatic trading value. However, it is not necessary for users to market it in the world to be able to use it. Instead, there is an API access built into the bot that helps it gain access to the money that is held within the accounts of the exchanges.
There is an option for the bot to withdraw the money on its own. This feature can be turned off by denying it access to the cryptocurrencies that are held within your accounts. When used with the API of Binance, there is an option to select the pairing of the cryptocurrencies using all the altcoins on the exchange. Other than Binance, there is support for Bittrex, Okex, and Hitbtc too. The bot trades with Bitcoins. Thus, you will have to add the fund in BTC to your accounts.
However, after that you can select the coins with which you want the bot to trade in. You can select up to 15 altcoins that the bot will be able to handle quite easily. You will have complete control over the number of trades that the bot can execute simultaneously. You can either sell the trade manually, or set a base after which the bot will sell the trade automatically. The past records have shown that there are times when the bot can close quite a lot of trades within a day and then there are others when there is not even a single rade that is done on the same day.
This is because the market is too volatile and the algorithm is coded to provide you with maximum profits. This particular trading bot is originally designed for Forex trading. However, it does offer some BTC packages. As a user, you do not have control over the bot, but you still get to profit off of it. We do not recommend this platform as it seems to be a typical Ponzi scheme. We included this in the list only to make people aware of this and advise you to stay away from this.
Cryptocurrency is the thing right now and will be for the foreseeable future. Bitcoin trading can be done by literally anyone who has got the interest.
It might be confusing for newbies at first, but they soon get the grasp of things. Given the presence of many trading bots, it is imperative that you do your due diligence. Do your research and read reviews to ensure you are dealing with a reliable and trustworthy trading bot and company. Zenbot and Gekko being the favorite two of the free crypto trading bots offered, they are for sure great.
There is no doubt it as to why it has deserved the spot as the best crypto trading bot in our list. And since it offers a free trial, why not sign up and try yourself? It is easy. Each bot features a set of parameters and indicators that when they all align will signal the bot to make a sell or a buy of the exchange you prefer.
Most times the Bitcoin trading bots are tuned to a specific period. This is an educated guess from the creator on how the market will behave and work in future. With the choosing factors above and the reviews of the best and most trusted Bitcoin trading bots below, you will be well equipped to choose the best crypto trading bot available.
With the increased use of the cryptocurrency trading bots, human error is eliminated or minimized, which results in improved accuracy. Trading bots offer constant interaction with the market, which means that you can go to sleep or go about your day and have it do all the work for you.
Not only that, but you can adjust it to monitor, analyze, and trade multiple different assets in different markets. These bots can analyse as many cryptos as you will indicate in their algorithms and work with the number of exchanges you want them to cover. In short, trading bots maximise the profit potential by employing a mechanism that is responsive to market shifts around the clock. While a human can take upto a few minutes in order to calculate and recover various formulae, a bot can calculate much faster, sometimes even nanoseconds with accurate results.
This feature is of great use when the price of a currency is subject to frequent change. Automated systems have the ability to generate orders as soon as trade criteria are met. Sometimes, changes in prices are very quick since the prices are constantly fluctuating and investors are often unable to effectively deal with these changes.
The advantage of bots is that they can work twenty-four-seven and make it a much faster process, while a trader would have to spend hours together for trading alone. Automated trading systems minimize or sometimes even completely eradicate emotions, as bots do not possess any emotions, unlike humans.
By keeping the emotions in check, traders basically have an easier time sticking to the plan. Automated trading also helps in ensuring that a certain amount of discipline is maintained in order to follow through the trading plan perfectly. When traders start out, they make many mistakes. However, they learn from these mistakes and better themselves through the experience that is gained.
Besides, these bots are very expensive. Ideally, you could say that these bots can work all day without any human interference. However, that is not true. In reality, there is a possibility of mechanical failures, such as connectivity issues, power losses or computer crashes.
These can be harmful because sometimes internet connection is poor which could lead to an order being lost. Your email address will not be published. Table of Contents. Leave a Comment Cancel Reply Your email address will not be published. Bitcoin Revolution does not charge money as registration fees and it does not charge broker fees or commissions as well. This is because it uses a smart algorithm and is 0.
Bitcoin Revolution offers a demo trading account for its traders. They can make use of this demo account practice and familiarize themselves with this trading platform. Bitcoin Revolution trading platform claims that it offers consistent profits when the user trades on their platform.
Bitcoin Revolution offers several cryptocurrencies to trade on its platform. The trader can not only trade with Bitcoin, but they can also trade with Ethereum, Ripple, and Litecoin. Additionally, they can also choose trading pairs like cryptocurrency to cryptocurrency, Dollar or Euro. The verification system offered on this platform is friendly and safe. Their verification system is based on user information such as full name, email address, contact number, and payment details which are simple instead of complicated documents that are requested by other trading robots.
Bitcoin Revolution trading platform partners with efficient and reputable brokers to carry out trading operations. Their partner brokers are very effective and they have a direct influence on the success of the trades. Their partner brokers are scam free and safe. It is available in their bank account or to their credit card within 72 hours. Bitcoin Era was launched in and it claims that it brings their traders a daily profit by placing automatic trades.
This software was developed by a team of fintech companies. The creators of Bitcoin Era platform claim that their platform performs the trades faster than most of the algorithms and a split second faster than any average trading software.
Bitcoin Era is a fully automated trading software which means their users need to configure the trading robot with their settings and click the robot on. When it is turned on the robots will execute trades on behalf of the traders.
Bitcoin Era offers outstanding features for its traders, some of the features are discussed below —. Bitcoin Era trading software offered by this platform is free to use and the brokers they have partnered with are both compliant and regulated. The Bitcoin Era platform offers various cryptocurrencies, apart from Bitcoin, it offers Ethereum, Litecoin and Ripple and several more altcoins.
The process of withdrawals and deposits in the Bitcoin Era platform is simple and easy. The traders can withdraw the money in the Bitcoin Era trading platform which takes between 24 to 36 hours which is hassle-free and quick. The trader needs to submit their ID for withdrawing their profits. The most important feature is the Bitcoin Era trading platform complies with anti-money laundering regulations.
Bitcoin Era partners with safe and efficient brokers and carries out its operations through their brokers. Their partner brokers are well regulated and carry out the trade operations and execute successful trades on behalf of the traders. When the trader requests to withdraw their funds, it is credited to their bank account or the credit card of their choice in 36 hours.
Currently, cryptocurrency trading is a booming sector and it will be there in the market for the foreseeable future. Besides, Bitcoin trading using the automated trading platform can be a bit confusing for new traders initially, after a while they get the hang of it.
There are several Bitcoin Robots operating as scams and there are few legit robots. Moreover, the best crypto trading bots can help traders and they always interact with the market even though they are not physically available. These automated trading bots can remove some of the emotions like stress and greed that are found in trading financial markets and cryptocurrency markets.
To conclude, we can say that automated trading bots are not for everybody, and casual investors should take time to research on automated trading bots before proceeding with trading on an automated trading platform. This implies that one can build a significant amount of wealth by using a Bitcoin Robot.
While there are few scam Bitcoin trading robots, there are few legitimate robots. These trading robots provide a good opportunity to generate an online passive income for the traders. As a result, the traders need not require any trading background to use the platform.
They need to simply follow the manual guide which accompanies them and after trying out with the demo account, they can directly trade with the live account. Several Bitcoin trading robots do not require a license fee.
These trading robots make money by charging a small amount as a commission on the profits generated by executing the trades on their platform. The trader should present a government-issued ID to open an account and to withdraw profits on the trading platform. Robot brokers can be explained as an online platform that allows users to trade with forex, cryptocurrencies, CFD, stocks, indices, and commodities.
Also, they use trading platforms like MetaTrader 4 and web traders to support the trades. Bitcoin Robots uses complex algorithms that execute several Bitcoin trades in a short time.
Bitcoin robots analyze the trading markets at the right moment to buy and sell cryptocurrencies for maximum profit. Traders should add funds in their accounts so that the robots have enough funds to invest in the trades.
When the trades are successfully executed, the profits earned from the trade are forwarded back to the traders. Trade Now. Overview Just like stock markets, the cryptocurrency trading market never stops its trading; trading happens all the time. What is a Bitcoin Robot? Below given are the few pointers regarding working of Bitcoin Robot — Bitcoin Robot researches trading on behalf of traders and after conducting trade research, it comes up with insights which it passes to the partner broker system.
What are the Features to be considered when choosing Bitcoin Trading Robot? Below given are the few pointers to choose the best Bitcoin trading bot — One of the most important features while considering a Bitcoin trading robot is its reliability. Advantages of Bitcoin Trading Robots Minimization of Human Errors With the extensive use of cryptocurrency trading robots, human errors are minimized and eliminated. Accurate Results Humans might take a few minutes to calculate and recover several formulae, while a robot can calculate much faster; sometimes a few nanoseconds which will give accurate results.
Eradicate Emotions By using automated trading platforms, they minimize or completely remove emotions as robots do not have any emotions when compared to humans. Needs Human Monitoring Generally, we could say that these robots work all day without interference from humans, which is not true.
How to Determine Legit Bitcoin Robots? Below given is the checklist that as a trader should follow when choosing a trading robot — One of the most important features is the reputation of the robot. Bitcoin Profit Bitcoin profit is an automated trading platform developed by John Mayers in Bitcoin Revolution Bitcoin Revolution is a leading automated trading platform that was developed in by a team of established brokers from the Bitcoin industry. Bitcoin Era Bitcoin Era was launched in and it claims that it brings their traders a daily profit by placing automatic trades.
Wrap Up Currently, cryptocurrency trading is a booming sector and it will be there in the market for the foreseeable future. Is it possible to get rich by using Bitcoin Robots? Are Bitcoin Trading robots legitimate? How do I trade with Bitcoin Robots?
How much does a Bitcoin Robot cost? What is the Minimum Age for Joining the Auto trading platform? What are Robot Brokers? How do Bitcoin Robots work? User-friendly Interface No Hidden fees and very low commissions Just takes 20 minutes to register. Its Success rate is Algo Signals. Big Money Rush.
Bitcoin Aussie System. Bitcoin Billionaire. Bitcoin Circuit. Bitcoin Code. Bitcoin Era. Bitcoin Evolution. Bitcoin Future. Bitcoin Lifestyle. Bitcoin Loophole. Bitcoin News Trader. Bitcoin Pro. Bitcoin Profit. Bitcoin Revolution. Bitcoin Rush. Bitcoin Secret. Bitcoin Superstar. Bitcoin Trader.