Bitcoin trading bot

Fee: starting from around 0.073 BTC (bitcoin) for three months this can make bitcoin and other cryptocurrencies very profitable when traded wisely but also increases the risk of significant losses.

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The 10 Best Bitcoin Trading Bots 2021, bitcoin trading bot.

The 10 best bitcoin trading bots 2021

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As the bitcoin market has grown in popularity, so has the use of bitcoin trading bots.

These are software programmes that interact with bitcoin exchanges to analyse trading data and then use this information to place buy or sell orders on behalf of the user.

The bots act on a predetermined and pre-programmed set of rules to monitor activity in the markets.

Bots may come with trading strategies ready installed, but the user can also customise the bot according to their preferences.

There are now many bitcoin trading bots available, some for free and some in exchange for a subscription fee.

In this article, we have brought together 10 of the best bitcoin trading bots.

We also look at some of the advantages and disadvantages of using a bot and explain what to look for when choosing a programme.

Why you should consider using a bitcoin trading bot

The cryptocurrency market is known for being highly volatile. It also never closes.

This can make bitcoin and other cryptocurrencies very profitable when traded wisely but also increases the risk of significant losses.

A bitcoin trading bot can help to mitigate some of these risk factors.

Unlike humans, bots will only make trades based on the data and trends available, so emotions and impulses are eliminated from the decision-making process.

Bots can also operate around the clock, so the user can continue trading even while they are asleep or otherwise occupied.

Trading bots also have the advantage of being able to work faster and more efficiently than a human trading manually.

When specified correctly, they can analyse data and execute trades across multiple exchanges and multiple cryptocurrencies.

What are the pros and cons of using a bitcoin trading bot?

It is important to remember that a trading bot is not a silver bullet.

The right bot used effectively may help to increase your profits but there are also several drawbacks and risks to consider before deciding to install a bitcoin trading bot.

They eliminate emotion. Huge price fluctuations in the bitcoin market can lead human traders to make erratic and impulsive trades. Trading bots remove this risk by placing orders only according to the data available and their predetermined set of parameters.

They are highly efficient. While human traders can only study one cryptocurrency market at a time, bots can scan and analyse several simultaneously, spotting opportunities that a trader might otherwise miss.

They are fast. Speed is of the essence in the fast-moving world of cryptocurrency. It can take time for a human to carry out a trade, and all the while the trade may be losing its value. But bots can place orders instantly, taking advantage of opportunities as soon as they arise.

They run around the clock. Even the most dedicated bitcoin trader cannot sit in front of their computer all day and all night. A bot will carry on monitoring the market and making orders in their absence, so they never have to stop trading.

They need monitoring. You can’t just set a bot running and forget about it, you will still need to keep an eye on how it’s performing and make adjustments as needed. Also, a bot will not take into account external factors that may affect the market, such as world events or breaking news, so may make poor trades without input from a human trader.

They require some experience and knowledge. Although bots may come pre-set with trading strategies, most perform best when reconfigured to the user’s specifications. So the user will need to have an understanding of how the market works and the technical aspects of trading with a bot.

They can present a security risk. Bitcoin trading bots communicate with exchanges through application programming interfaces (apis), which means two machines are working together without human intervention. The centralized nature of bots and exchanges can make them vulnerable to hackers so you will need to take steps such as keeping your API key secret and switching off automated withdrawals. You should also check the security record for any bot you are considering.

Things to consider when choosing a bitcoin trading bot

Reliability

One of the key attractions of a bot is its ability to continue trading around the clock.

If your bot keeps going offline or suffers from other glitches, you will miss out on opportunities.

Check its reliability by reading reviews from other users.

Security

As mentioned above, hackers target trading bots and exchanges so it’s crucial to ensure that your bot is as secure as possible.

Look for one that has a good track record for security.

Check that the team behind the bot is credible and legitimate and that there is an active community of satisfied users.

Ease of use

Most users want a bot that will make trading easier for them, so look for one with an intuitive interface that suits your level of expertise.

You should also check the level of customer support, how updates are rolled out and whether bugs are solved in an efficient and timely manner.

It is also important to find a bot that best aligns with your trading strategy and to check how much customisation will be required.

Profitability

A bot is only effective if it is consistently achieving profits for its users.

Before investing in a bot, you should read reviews to assess its success rate.

Price

Some bots are available for free, while others will come with a significant price tag.

Generally speaking, a paid-for bot offers superior features and a higher level of service, but you should weigh up what you are getting for your money and whether it is worth the investment before making a decision.

The 10 best bitcoin trading bots 2021

1. Coinrule

Fee: free with a starter account or from $29.99 per month

With its simple, intuitive design, coinrule is a good choice for those who are new to bitcoin trading as well as more advanced traders.

Users don’t need to know any code to set their trading rules.

Coinrule is web-based and works across several cryptocurrencies as well as supporting some of the most widely-used exchanges, such as bitmex and coinbase pro.

2. Cryptohopper

Fee: starting from $19.99 per month

Another cloud-based bot, cryptohopper is easy to set up and start trading with a range of cryptocurrencies.

One notable feature is the ability to integrate with professional traders and trade in line with their trading signals.

More experienced users can programme the bot according to their own strategy.

Cryptohopper works with most of the popular exchanges.

3. Shrimpy

Fee: A free package offers access to portfolio tracking features. Professional packages start from $13 per month.

Shrimpy was created for traders who can’t afford the more expensive bots, so aims to offer a good range of free services.

The main feature is shrimpy’s built-in auto trade algorithm.

Other tools include backtesting to compare your strategy with historical results and social trading, which allows the user to follow and copy other traders on the platform.

The bot supports some of the main exchanges, including kraken and binance.

4. 3commas

Fee: starting from $22 per month

This cloud-based bot has an intuitive interface and a wide range of tools.

Its key feature is the ability to backtest strategies on the portfolios of other traders. This allows you to learn from the successes of the best traders on the platform and incorporate their approach into your own strategy.

3commas works on a range of exchanges, including bittrex, kucoin and binance and can trade multiple cryptocurrencies simultaneously.

5. Cryptotrader

Fee: starting from around 0.073 BTC (bitcoin) for three months

This cloud-based bot offers a marketplace where users can buy and sell trading strategies, along with backtesting tools.

It also provides text and email updates on the market throughout the day and is supported in most of the major exchanges such as coinbase and bitstamp.

Cryptotrader works best for users with some knowledge of coding, although less experienced users can access a variety of free or paid for strategies.

6. Zignaly

Fee: $15.99 per month

This is another cloud-based trading bot and a relatively new entrant to the market.

With no limits on the cryptocurrencies you can trade, zignaly offers a high level of freedom.

Another attractive feature is the ability to follow professional traders and integrate their analysis of market fluctuations.

The bot only supports binance and kucoin at present but developers promise that other exchanges will follow soon.

Zignaly prides itself on its transparency and users can easily communicate with the developers, as well as taking advantage of a 30-day free trial.

7. BTC robot

Fee: starting from $19.99 per month

This fully-automated bot must be downloaded and run on a local machine.

When it first launched, it was bitcoin only, but can now be programmed to trade other cryptocurrencies. It also works with many exchanges.

One of this bot’s most attractive offerings is its 60-day refund policy, so you can test it extensively before deciding if you want to commit.

Note that you will need a broker account with metratrader4 to run BTC robot.

8. Gunbot

Fee: starting at 0.01 BTC for a lifetime licence

Gunbot must be downloaded onto the user’s machine and comes with several built-in strategies. These can also be customised according to the user’s trading preferences.

Gunbot is known as a highly flexible and efficient trading bot, offering good value for money.

It can be used to trade with a variety of cryptocurrencies and supports most of the large exchanges, including kucan, kraken and bitfinex.

It is relatively complex to use, so is best for those with some experience of trading with bots.

9. Haasbot

Fee: starting from 0.073 BTC for three months

Haasbot is run on the cloud so, like other cloud-based bots, can continue operating even when the user’s computer is switched off.

It comes with a pre-configured strategy but can also be customised.

One of its key features is the ability to access a number of bots that can trade with different currencies and on different exchanges at the same time.

This bot requires more input from the trader than some of the others on the market so is more suited to those with a good knowledge of the bitcoin market.

10. Zenbot

Fee: free

Zenbot is an open-source trading bot, so the code is available for traders to download and modify for free.

As there is no user interface, it does require technical skills, but it provides access to ready-made strategies as well as features such as paper trading – simulated trading which allows users to try out strategies in real-time.

Zenbot can handle high-frequency trading and supports several cryptocurrencies alongside bitcoin.

Final thoughts

A bitcoin trading bot can never completely replace a human trader but, used correctly, it can reduce some of the risks and help you to trade more efficiently and effectively.

With so many bots now available, it is easier than ever to find the tools you need to automate your trading according to your personal preferences and level of experience.

Wikijob does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.

Crypto trading bot in 2021 | best 12 bitcoin trading bots

Nowadays, lots of teams provide paid and free crypto trading bots for bitcoin and other cryptocurrency. It’s a hassle for a crypto trader like you and me to choose between these services

When should you use a crypto trading bot?

Many functions that a well-executed bot can conduct for you are rebalancing, portfolio management, data collection, smart order routing, etc.

What exactly can you improve with trading bots? Let’s take a look.

#1 repetitive tasks

Repetitive tasks consume a lot of time and effort. A crypto trading bot will allow you to virtually “copy and paste” specific tasks to conduct trades with ease. One of the best ways where bots can help with repetition is in periodic rebalances. If you want to conduct hourly rebalances, then you’ll need to, as the name suggests, rebalance your portfolio every hour. So, you have two options:

Set the alarm every hour to rebalance the portfolio and lose your sanity in the process.

Create a trading bot and program it to rebalance your portfolio every hour till the end of time.

#2 timing

Timing and achieving a high degree of accuracy in your trading is essential for trading. Every single trade that you make can have an enormous impact on your potential earning. Let’s take an example. Suppose the price of bitcoin is going down, and you want to sell your position the moment BTC hits the $8,750 support line. If you were to do this manually, you’d have to patiently and carefully observe the price chart, and even then, you may not pull the trigger at the right time. The bot can be easily programmed to monitor the market and execute a trade at the correct times.

#3 complications can be simplified

Consider the example of “smart order routing.”

The idea is to route trades through numerous trading pairs.

Every single trading pair needs to be carefully determined as per its timing, asset quantity, and trading price.

This entire route needs to be finished within a specific time-limit before the market conditions change.

It seems pretty easy-to-understand, right? However, the execution of this trade could be nearly impossible. This is just one of the many examples of the several complexities that should be factored in while training. Some strategies could be almost impossible to implement.

Trading bots could be used to automate these complicated and seemingly impossible strategies with ease.

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The best crypto trading bot in 2021

#1 quadency — A smarter way to trade and manage your crypto

The best part of quadency is the backtesting feature, with which you can do it based on data and numbers instead of shooting it in the dark. It’s also the most important feature for a crypto trading bot; it’s always nice to know the performance upon history data before using your money with the crypto trading bot.

Bitcoin trading bot from insider protocol cryptocurrency ecosystem

NEW YORK, jan. 04, 2021 (GLOBE NEWSWIRE) -- recently, insider protocol released its newest trading platform with an internal IPRO asset. There are a lot of projects with trading bots now, but none of them are showing the trading statement. Insider protocol trading bot at the moment works only with the BTC/USDT trading pair using three trading algorithms for different trading periods (short-term, midterm, and long-term), but soon will be available algorithms for other trading pairs as ETH, LTC, and XMR.

This is a new ecosystem from the mechanics of the future developer team, which is being created with an emphasis on the real anonymity of storing any sums of money in crypto with the impossibility of tracking transactions. The team has set a very high bar for quality and wants to surpass everyone's favorite monero. While the insider protocol project blockchain is being developed ERC20 protocol is temporarily being used. There are several quite big projects like EOS, binance etc. Have used and are still using ERC20 while their own blockchains are being prepared for release.

The main part of the project is an opportunity to join the liquidity of one of the trading pools and get profit from the trading of the bot which based on a neural network. This is the first ICO which was started already where users not only just buy and hold the asset but also use it for trading with bitcoin trading bot.

Trading bot algorithms use the LAYERING technique which allows moving the price in the right direction by artificial provocation and subsequent activation of large orders of trading bots of the exchanges themselves. The algorithms for the operations of bots on exchanges are well known to the developers of the insider protocol project, and that is why the trading bot will constantly take a part of the profit of the exchanges, despite the negative trading days.

Depending on the chosen trading investment deposit (TID) option users must indicate the trading period, trading amount, and just activate the trading. But trading will start only on the next day starting from 00:01 UTC.

During the trading, the user will be able to see all profits or losses in real-time, as well as in a detailed table and on charts for each option.

Insider protocol project has its own trading platform with an internal IPRO asset. A neural network-based platform controls the opening and closing of trading positions, as well as constant variation and recalculation of the value of the positions themselves.

The mechanics of the future team is also working on an anonymous alternative to local bitcoins without using KYC, first decentralized exchange, and finishing preparations for a new type of DEFI project with several more projects for a single anonymous insider protocol ecosystem.

Trading statement video of one of the trading accounts on the bitmex exchange can be found here:

Best bitcoin robots

T&cs apply

Overview

Just like stock markets, the cryptocurrency trading market never stops its trading; trading happens all the time. There is a very tense moment for the traders as a small mistake would cause substantial profits or losses in their trading. This is the place where cryptocurrency trading bots come in . As the cryptocurrency market responds to volatility, using robots to trade can always be responsive and it can also make changes effectively when it matters, one such example is bitcoin robot.

What is a bitcoin robot?

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 robots are invented by pioneers in crypto trading, who have allegedly made billions by trading with bitcoin. These pioneers automate their trading strategies by coding them into a computer program. The main objective is to make the computer program conduct trading on behalf of the traders.

Besides, bitcoin robots are usually 100% automated high-frequency trading platforms. This implies that traders do not require any knowledge or skill to trade with bitcoin robots. Bitcoin robots remove the difficulties that are involved when trading or buying bitcoin manually. Also, they eliminate human emotions like greed and fear during trading. Earlier, warren buffett who is considered as a value investor, said that greed and fear are the biggest hindrances for successful trading.

By using the latest technologies like artificial intelligence, machine learning and natural language processing, bitcoin robots would be able to read the human language; which means they can trade with an accuracy level of up to 99.4%. One should keep in mind that this percentage does not mean that the robots are free of risks. A small miscalculation can lead to huge losses and therefore the trader should take necessary precautions before they start trading in automated platforms.

Complete list of best bitcoin robots

We have listed various bitcoin trading robots based on their ratings, trading features, account deposit/withdrawal options, interface design, etc. Select the bitcoin robots which suit your trading requirements and need. Check out our 2021 updated list of top bitcoin robots.

Best bitcoin trading bot and bitcoin trading platform

Step by step instructions to choose the best bitcoin trading bot and bitcoin trading platform

Bitcoin is one of the most unstable cryptographic forms of money, one reason it is consistently liable to wild swings on the lookout. Alternately, managing computerized cash requires a lot of aptitudes and experience. Given that the digital currency space is as yet in the beginning phases of advancement, bitcoin exchanging bots are turning out to be basic exchanging apparatuses in the thriving area.

A bitcoin exchanging bot is essentially a bit of programming intended to investigate the leader digital money on the lookout and submit purchase and sell requests for the benefit of brokers. The bots are commonly incorporated into a bitcoin managing stage dependent on pre-customized and pre-characterized rules. The digital money exchanging bots investigate market activities, for example, value, the volume just as time and requests all in the exertion of discovering ideal managing openings.

Exchanging bots are turning out to be progressively mainstream, given their capacity to lighten dread and feeling from the managing condition. Moreover, they permit a broker to execute exchanges on a pre-planned methodology and not feelings.

Working as programming programs, bots examine the market all day, every day, in the quest for managing openings. Consequently, they ease the weight of viewing a bitcoin exchanging stage constantly, accordingly permitting merchants to exchange.

Step by step instructions to pick the best

Unwavering quality is a basic part of any first-class bitcoin exchanging bot. For this situation, the bot should be online all the time zeroed in on filtering ideal managing openings. On the off chance that a bot goes disconnected more often than not, at that point a dealer is probably going to miss out on worthwhile managing openings. Similarly, an ideal bitcoin exchanging stage is one that permits one to get to the bitcoin market as long as the digital currency market is opened. The stage should be easy to use with all the fundamental instruments and markers that an exchanging bot can use to settle on educated choices about circumstances.

While it is absurd to expect to find out how dependable a given exchanging bot is, doing a hunt on the web and seeing surveys ought to permit one to settle on educated choices.

No one would need to spend their well-deserved cash on a boat that doesn't produce adequate benefits. An ideal exchanging bot is one that utilizations progressed techniques just as innovations to check the market for high likelihood exchanging openings.

In this way, dealers need to get their work done online to determine how competent a given exchanging program is at creating benefits.

In a period where hacking, just as information penetrates, is a major issue, an ideal exchanging system ought to hold fast to the best business rehearses. The way that the bot approaches your cash implies it ought to send high-security practices to keep programmers under control. Similarly, it is imperative to select a bot that is broadly recognized for its security.

Exchanging bots, just as exchanging stage, should be easy to understand. In like manner, the two should make it simple for everybody to comprehend what's going on the lookout. For this situation, it should be a lot simpler for beginner dealers to access and control the bot with straightforward snaps. In like manner, it should be conceivable and simple to recognize the methodologies that an exchanging bot uses to distinguish exchanging openings.

World class automated crypto trading bot

Copy traders, manage all your exchange accounts, use market-making and exchange/market arbitrage and simulate or backtest your trading.

Fast automated trading, and portfolio management for bitcoin, ethereum, litecoin, and 100+ other cryptocurrencies on the world’s top crypto exchanges.

Automate
your trading

And take your emotion out of the equation

Invest in all cryptocurrencies that your exchange offers. At the same time, you’ll also gain access to an expert suite of tools like our trailing features that help you buy/sell better than before.

Trades opened on cryptohopper

Manage all your exchange accounts in one place

Connect your exchange.

Your exchange is where your funds are located. With cryptohopper you can manage all your exchange accounts and trade from one place.

Signals. Templates. Strategies

(check out the marketplace!)

Join the social trading revolution. Subscribe to trading signals, discuss trading strategies on our internal chat, and buy strategies and bot templates from our marketplace. You don't need to be an expert to trade like one.

Easy. Effective. Worldclass

Use expert tools
without coding skills

Market-making

Market makers are the best friend of every exchange or crypto project. Now you can trade easily on the spread as well, and make the markets. A win-win for everybody. Read more

Exchange/market arbitrage

Want to benefit from price differences of exchanges and/or between pairs? Our arbitrage tool is your new best friend. Read more

Strategy designer

Create your own technical analysis to get the best buy and sell signals from your strategy. Popular indicators and candle patterns are: RSI, EMA, parabolic sar, CCI, hammer, hanged man, but we have many more. Your hopper will scan the markets 24/7 searching for opportunities for you. Read more

Simulate your trading without fear (or money.)

Practice daring new strategies risk-free while mastering cryptohopper’s tools. Even backtest your bot and your strategies, so you can keep tweaking until it is effective.

What succesful cryptocurrency traders say about cryptohopper

Average score from the google play store (21 nov. 2019)

Meyer family | 11 nov 2019

"I'm very satisfied with cryptohopper and highly recommend it for day trading. It took me a while to get a strategy that worked for me, but it appears to have been well worth it. I recommend paper trading and backtesting extensively before using any real money. Once you master the initial learning curve, you will feel much more secure and confident that you can weather any trend or market. It will also be a valuable asset during the next alt-season and halvening events. Thank you cryptohopper team!"

Roshywall gurgel | 7 nov 2019

"great app. I don't understand cryptocurrencies very well but from what I saw in the demo you can profit. I will definitely buy the basic version to upgrade and profit."

"good service, powerful features, effective, affordable. Highly recommend. ��"

Soflow will | 24 oct 2019

"very easy to use and incredibly affordable. Get the free trail to test it and learn the ropes, then upgrade. I upgraded twice after one week and i still use both subscriptions. Awesome selection of options. Unlimited strategies, lots of free built-ins. Spend time to learn the fundamentals of technical analysis - you'll be glad you did. Crypto hopper will soon become your best friend. And weapon of choice!"

Chika moronu | 23 oct 2019

"took a while to get used to the settings, but once I got the hang of it, the app has been great"

Damion la bagh | 21 sep 2019

"the cryptohopper experience is simply amazing. Great instructions to help you on your way and s great community. The website is beautifully designed with full functionality. The app on the other hand is nice but it's not as full featured. It has the things you need to monitor your hoppers and basically interact but doesn't have the nice graphs, charts or settings to create new strategies like the website does. So one is still dependant on a laptop or computer to get everything set up 1st before"

Mitchell kemp | 3 sep 2019

Galen grassi | 6 sep 2019

"so far for a begginer I'm enjoying this, got a lot to learn but it's a good platform with useful tutorials to assist you along.. I would recommend cryptohopper."

Best crypto trading bots 2020 - automate your trades

Best crypto trading bots for 2020

Learn how to automate your trades in this best crypto trading bots guide. Crypto trading bots are a sophisticated way to generate passive income from the cryptocurrency market. In a fast-moving market like cryptocurrency, it’s becoming increasingly popular to automate the entire process of trading. Crypto trading bots are computer programs that use indicators to automate the buying and selling.

Our team at trading strategy guides has done all the research and put together a proprietary bitcoin trading bot that looks for trades, opens trades, and closes trades based on a very unique cryptocurrency strategy. We’re going to talk more about this later.

Before collapsing the infamous biggest bitcoin exchange MT gox was using the willy trading bot to manipulate the price of bitcoin. This was a bitcoin trading bot that led to the bitcoin price bubble and crash months after. This was all happening back at the end of 2013 when the crypto market was still a virgin market.

In this article, we’re not going to deal with these types of crypto trading bots. Instead, we’re going to look at the best crypto trading bots that can help you profit from the day-to-day crypto price fluctuation.

Just like in the stock market and the forex market, there are traders that have gotten involved in creating some of the best crypto trading bots to help maximize their profits.

Let’s dive into what an automated trading bot is, and learn about the most popular crypto bots on the market.

What is a crypto trading bot?

A crypto trading bot is a computer algorithm that uses various indicators and chart pattern recognition scanners to automatically execute trades on your behalf. If you have the right coding skills, you can program a cryptocurrency bot to automatically take and close trades.

However, if you’re not a whiz kid coder, don't worry.

Today, you can automate your trades using the best pre-built crypto trading bots in the market.

The whole financial system has been taken over by algorithms, and soon enough, the cryptocurrency market will experience the same thing.

It will be man versus machine.

As long as there are markets that move, there will always be some human activity. Trading robots can’t eradicate entirely the presence of humans, but it certainly can lead to a tougher environment. Warren buffet is a human that amassed tremendous success and amounts of wealth despite the rise of high-frequency trading.

Even if you’re not a fan of trading bots, you can still carry on with manual trading if you have the right skills.

Before you cast away the trading bots, you have to consider the many advantages that come with using cryptocurrency robots.

Crypto trading bots advantages

The first advantage of trading bots is that it eliminates the emotions out of the decision-making process. That’s kind of a big deal. Many crypto traders fail because they don’t have the discipline to follow a trading plan.

Second, you’ll have more efficient execution of your trades and better entry prices. If you’re quicker in terms of trade execution, you have a time advantage.

A trading bot can also detect chart patterns that are more difficult to spot by a human eye.

Another advantage of using a free bitcoin trading bot is that you don’t need to be with your eyes glued to the screen all day long.

Our team has spent years learning, watching, adapting, and trading different charting patterns. And we built an automated crypto robot based on this research.

Free bitcoin trading bot

If you want a unique opportunity to maximize your crypto returns you can try our almost free bitcoin trading bot.

Frankly, manual crypto trading takes time and the right skills. You can try using the bitcoin signal indicator and trade by yourself. However, the problem is that you still need to know how to only take the “right” trading opportunities. You still need to understand how to manage those trades. This can make the difference between winning and losing.

If you have no idea how cryptocurrency trading works you can use the bitcoin signal robot. This unique trading software will work in the background for you, and it will trade on your behalf.

You only need to follow this simple four-step guide to make money with our crypto trading system.

Pick a trading broker.

Install the bitcoin signal robot to your PC.

Adjust the settings and your risk!

Watch the account GROW!

You can start trading with as little as $100. So you don’t have to commit a lot of money.

*note: when you sign up and get the robot working and running, we HIGHLY recommend that you use a demo account first to see how the robot works.

Now, let’s see what other trading bots the crypto space can offer you.

See below our top 5 cryptocurrency bots:

Top 5 crypto trading bots

Selecting the right crypto bot for mechanical trading may be difficult, but we have the solution to this problem. We’ve put together a comprehensive review of the top 5 crypto trading bots that the market has to offer you:

Cryptohopper

Cryptohopper is an automated crypto trading bot that is compatible with both indicators and copy trading. This bot supports trading for bitcoin, ethereum, litecoin, and 100+ other cryptocurrencies. Cryptohopper offers fast automated trading, helpful arbitrage tools, and integrates with the world's top crypto exchanges.

Cryptohopper automatically buys cheap crypto and looks to sell it for a higher price on a different bitcoin exchange. The interesting thing about this platform is, it allows you to copy other trading strategies. You can also create your own technical analysis and plug it into the platform.

Still learning technical analysis? Cryptohopper allows you to choose from over 130 different indicators and candlestick patterns.

Other features include the ability to manage your accounts in one place, and a social trading platform component.

Prices range from $19 to $99 per month.

Haasbot

Haasbot is probably one of the most expensive crypto bots out there. They're not kidding when it comes to the money you'll have to pay. We can all agree that this crypto trading robot is not for everyone. The subscription price starts to add up to over $10,000 per year for the more advanced version.

Haasbot software definitely targets the more experienced bitcoin traders. Haasbot uses a candlestick pattern recognition feature and some advanced indicators to time the market.

Haasbot is not just a bitcoin trading bot, but it also trades 500+ alt coins across all major cryptocurrency exchanges.

Gekko bot

Gekko is a dedicated, free and 100% open-source platform that allows you to create your own cryptocurrency robot. You simply download and run the software on your own PC.

Gekko has a lot of powerful features that allow you to optimize and backtest your crypto strategy. The only downside is that gekko bot is exclusively for bitcoin trading.

Gekko trading bot also only supports a limited number of crypto exchanges (bitfinex, bitstamp, and poloniex).

You only need to build your own automated crypto bot and gekko trading bot will take care of everything else.

Gunbot

Gunbot is another automated crypto trading bot. Gunbot trading bot is completely customizable so it can fit your risk profile and trading style. Unlike gekko, gunbot works on more crypto exchanges like bittrex, binance, poloniex, bitfinex, cex.Io, GDAX, kucoin, kraken and cryptopia.

This cryptocurrency robot offers you different pricing plans starting from 0.025 bitcoin and can go as high as 0.3 bitcoin for the more advanced version. You only have to pay for a one-lifetime license.

Another interesting feature that gunbot offers is that it has 32 different trading strategies built in from where you can choose.

Bitcoin signal robot

Bitcoin signal robot is our in-house cryptocurrency bot. We are subjective for including bitcoin signal robot in our top 5 crypto bots, but our backtesting results are a solid proof that this crypto bot is capable to generate some nice profits.

Unlike most of the competition, our proprietary crypto bot is available on the meta trader 4 and meta trader 5 platform.

If you’re a forex trader this is very handy as you can manage your crypto and forex exposure all from one place.

Conclusion – best crypto trading bots

We hope you enjoyed this article on the best crypto trading bots. It's important to always do your due diligence and research when choosing a crypto trading bot. Not all crypto trading bots are reliable and trustworthy. The quality of an automated crypto robot is determined by the relationship between the potential cost and the potential profits you can make from using said bot.

Cryptocurrency is a volatile market and not so easy to trade. If you’re an inexperienced trader, you should consider the benefits of using a crypto trading bot to increase your profits. Ultimately, it’s up to you to decide if any of the aforementioned cryptocurrency bots make sense to you.

Feel free to leave any comments below, we do read them all and will respond.

Also, please give this strategy a 5 star if you enjoyed it!

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Do crypto trading bots really work?

Bots and talk of bots is endemic within the crypto space, with behavior, good and bad, often attributed to their actions. Mt gox famously had the willy bot manipulating merrily, perennial bear bitfinexed sees bots everywhere, and crypto traders are prone to boasting about the sick returns they’ve raked in from their proprietary arb bots. There’s no doubt that bot activity is very real. But is it profitable?

Got bots?

In the 1950s, robots were promised that would soon eliminate the daily chores of housewives across the globe. 60 years later, and their cyber counterparts – bots – are promised that will do the same for crypto traders. If the hype is to be believed, these bundles of code can deliver a passive income for even the laziest or dumbest of traders. But as almost everyone knows, the hype is never to be believed. Profiting from bots isn’t that simple or easy.

There are several types of trading bots available including arbitrage (arb) bots that capitalize on the difference in prices across exchanges. The price of bitcoin usually differs from exchange to exchange; bitstamp, for example, typically displays a slightly lower price than bittrex. The movements of bitcoin and other cryptocurrencies is always mirrored across exchanges, however, so if BTC breaks out due to a massive buy order on binance, you can bet that the other exchanges will follow suit. Bots work by profiting from the delay it takes for prices to update across all exchanges.

How profitable are bots?

To make any sort of tangible profit from bot trading, you ideally need a stack of crypto to start with. If you’re running a bitcoin arb bot, for example, you’ll need BTC deposited on multiple exchanges that are connected to your bot via API. And even if you do have a healthy spread of coins, the returns can be slight. Romano – viacoin developer and well-known crypto trader – claims the hass bot he uses can make “0.26 BTC ($2K) a day by using 9 BTC for example just by using market inefficiencies” before adding that he doesn’t use the market maker bot that comes with hass and cautioning that it’s “only for skilled traders”.

Haas

Arb trading can be likened to playing online poker. If you’re good at setting up your bots, you can make a living off it, but you’ve got to grind it out. Crypto trading bots are reminiscent of those money-making forex programs that you find “veteran traders” trying to flog. If those forex guys are as rich and successful as they profess to be, wouldn’t they be better served keeping that esoteric knowledge to themselves rather than offloading it to the masses for $100 a month? In other words, beware of geeks bearing bots.

Examples of trading bots

A slew of tokenized projects has emerged that promise “algorithmically-based smarter trading delivered via AI and machine learning” or words to that effect. These systems also utilize bots, but their claims of profitability have yet to be proven. If one of these new platforms were to deliver the goods and provide consistently high returns, crypto traders would flock to it, which simply hasn’t happened.

There is no doubt that machine learning has the potential to yield more profitable trading, but there is also no doubt that a lot of the claims attributed to AI should be filed under as if.

These are the most popular crypto bots on the market (and should only be tried at your own risk):

Gunbot links to eight exchanges including bittrex, binance, and kraken and comes bearing eight trading strategies. Packages range from .002 BTC to 0.15 BTC for gunbot ultimate, which includes lifetime updates and premium support.

Haasbot allows for automated trading across all major bitcoin exchanges, with monthly subscriptions starting from .073 BTC

Profit trailer allows you to average down on coins you buy into using bots, although there’s no guarantee that doing so will lead to eventual profit. It starts at $35 p/m

Cryptohopper is a cloud-based trading bot that starts from $19 per month

Gekko is free and open source but you need to tell it what to do and thus it’s only as smart as you are

Cryptotrader also needs to be programmed and starts from .0048 BTC for a pro account (basic is cheaper but too basic)

Others, such as BTC robot, are so spammy and scammy that we’re not even going to provide a link. For traders seeking a passive income or “easy money” there really is none to be had. The reality is that bots are trading tools rather than workhorses that will set up and execute winning trades on your behalf. In using bots, you also leave yourself open to the possibility of scammy developers or flash crashes, either of which can liquidate your crypto. As one redditor put it:

To see returns you have to be comfortably profitable already and be familiar with different strategies. The conditions for profitability are moving targets so bot trading isn’t really a ‘set it and forget it’ type of operation.

Bot or not?

It is safe to say that the best bots are the ones you never hear about and will never be offered. Because if everyone was using these bots, the trading edge they bestow would be eliminated due to arbing and other opportunities being eliminated. If you’re interested in putting a trading bot to the test, by all means give it a try with some spare satoshis or shitcoins. Be sceptical though of anyone touting a bot delivering guaranteed returns, and be especially sceptical of the profits crypto traders claim to have made with their aid.

At least the creator of the open source zenbot is honest enough to concede it “is having trouble reliably making profit. At this point, I would recommend against trading with large amounts until some of these issues can be worked out”.

Even if you can find a system that delivers modest returns, you may wish to ask yourself this: what would you rather have – a bot that can turn 5 BTC into 5.1 BTC every week or the freedom of having 5 BTC free to invest in a simple day trading strategy? Bots can do a lot, but as it stands, they can’t factor in fundamental analysis, breaking news, insider knowledge and the myriad other factors that make markets move.

1950s housewives (and house husbands) are still waiting on those domestic chore-performing robots to materialize. And similarly, we’ve still got some way to go before bots render human traders obsolete. If you want a job done profitably, do it yourself.

Have you had any success with crypto trading bots? Let us know in the comments section below.

Images courtesy of shutterstock and twitter.

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