12 Best Crypto Trading Bots for September 2023

Being one of the best AI crypto trading bots, Bitsgap offers an intuitive and user-friendly interface that allows users to view trading easily through charts. Essentially, computer programs that generate and submit buy and sell orders to cryptocurrency exchanges following the rules of a pre-defined trading strategy are known as crypto trading bots. For instance, when the price of Bitcoin (BTC) crosses a particular level, a very basic trading bot may be designed to sell BTC.

• Unlike conventional cryptocurrency exchanges where you need to connect to a trading bot, Pionex offers 12 inbuilt bots.
• You can select top traded coins, buy more of what will likely go up, and sell coins that might go down.
• This will help you increase the chances of getting better returns and profits on the trades.
• There is a vast knowledge pool incorporated by this bot service in their website data.

No, crypto trading bots can easily be used by traders of all experience levels. However, it may be helpful to have some knowledge of cryptocurrency and trading before using them. Some automated trading bots may offer more advanced features that may be more suitable for experienced traders. HaasOnline crypto trading bot stands out with its ability to recreate various trading strategies, from Accumulation and Arbitrage to Scalping and Futures Bots. It offers a versatile platform for traders, integrated with numerous exchanges, including Binance, Kraken, and Coinbase Pro.

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With no need to install additional software and already integrated across a large number of exchanges, 3Commas is a favorite among traders. Focussing primarily on providing useful tools and easily customizable features, traders can create, connect and adjust their crypto trading strategies accordingly. Making – profits from the highly volatile cryptocurrency market is all about timing and access to sound trading strategies and technical analysis. With hundreds of assets to choose from and markets open 24/7, the learning curve for new crypto traders is much steeper and the potential for losses is often much greater.

• The bot offers automatic trading, crypto signals, risk-minimizing features, trading bot templates, technical analysis, and backtesting.
• By feeding relevant information to your bots, you can help it determine the correct entry and exit times.
• On Trustpilot, HaasOnline has a rating of 4 stars, with users praising its customer support and application.
• So, if your bot can read an article which states, “X partners up with B to boost mainstream adoption,” it should start accumulating the asset.

If the bot is successful, then you retain the secret sauce, rather than having to share it with heaps of other traders. Before we explore some of the main strategies that a bot can implement, it is important to note that the specific strategies available transparent to you will depend on your chosen provider. While some of the providers that we discuss further down in our guide might offer some of the below strategies, others might not. The final benefit that is worth a quick mention is with respect to emotions.

How does a Crypto Trading Bot Work?

Bitsgap will never have access to a customer’s funds; it will only perform trades on the user’s behalf. Test before investing – Prior to investing, do a backtest to see how your settings would react to profit and loss. Users can connect to their exchanges and then sit back and let the system take care of the rest.

• The Grid Trading Bot is especially popular because it allows users to sell high and buy low.
• Additionally, we will also have the support of helpful tools that will aid us in making better trade decisions.
• Data (be it collected from indicators or other sources) enters the generator, and it decides whether to put out a buy or sell signal.

Since crypto and the market’s volatility are much more complicated than they seem on the surface, the demand for trading bots has also increased. If anything is illegal under normal circumstances, it will also be illegal for crypto trading. Monitoring requires the traders’ attention, which may make the users wonder – “Are crypto bots risky?

Should do you use AI crypto trading bots?

Cryptohopper is the most popular cryptocurrency trading bot in the market. The company is registered in Amsterdam and has been continuously adding new trends and features since late 2017. Crypto trading bots connect with your crypto exchange like Binance, Bitfinex via API, and they perform trading based on pre-defined strategies. It fits both newbies and pros, as you can adjust multiple elements to fit your trading vision.

• It’s important to get the best crypto trading bot for you because you likely shouldn’t intrust your funds with a bad trading bot.
• When you follow a trader, you can monitor their profits and other performance metrics directly on your feed.
• This allows for round-the-clock trading without the involvement of third parties.
• It offers DCA, Grid, and Futures bots that allow users to trade assets.
• It is not uncommon to see updates taking place every other week or month.

While it is similar to the GRID Trading bot, it is ‘leveraged’ up to 3x. This is a desktop-based bot that gets easier to use once you are done watching their free bots training videos. The downloadable software is available for Windows, Linux and Mac as well.

Momentum Trading

Such indicators focus on the precision-led growth of the trading exchanges. The info on all these factors can help you improve your trading strategy. On this platform, you can check out the portfolios of other traders and customers. You can take the ideas, actions, and other valuable elements from them. The portfolios can also be copied and followed if they serve your purpose. It presents a whole market to the customers, right on the bot’s platform.

You need to carefully study them and zero-in on a bot that fulfills all your requirements. For starters who can not code, Trality has another product, the ‘Rule Builder.’ This allows anyone to create and automate their strategies without writing a line of code. This is achieved through a drag-and-drop interface in which you simply place and combine technical analysis indicators and pre-defined strategies into a box to ‘build’ your bot. With the in-browser Python “Code Editor”, you can utilize its simple API and a list of technical analysis indicators to customize your bot.

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This will cost you $19, $49, and $99 per month for the Explorer Hopper, Adventure Hopper, and Hero Hopper plan, respectively. Once again, each plan comes with certain limitations on the amount of coins, strategies, and volumes that you can trade. The pricing options for Haasbot cater to different levels of experience and budget, from beginner to advanced packages. Users can choose the package that suits their needs and can access a full core features list with support for all exchanges. The algorithm implemented by Bitsgap is based on a simple and effective technique, called GRID.

• The platform employs a long-index approach for the coin in question and rebalances them daily.
• The main components of these bots include rules that signal when to buy or sell, and rules indicating when to close the position alongside rules determining order size and portfolio allocation.
• This is more than enough time to assess whether or not you want to commit to the $15.99 monthly subscription.
• Gunbot offers four main paid packages, which ranges from 0.02 BTC, 0.05 BTC, 0.065 BTC, and 0.125 BTC.
• This feature of Superalgos is very important as it helps make trading bot operations straightforward and transparent.

On Trustpilot, HaasOnline has a rating of 4 stars, with users praising its customer support and application. The company was founded by four traders in London in 2022 and has since secured a $3m seed round of funding led by several major investors. You can find many reviews online for Cryptohopper due to the fact that it has a community of over 500,000 users. EToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation. Will is a crypto expert from The United Kingdom who has been working and investing in the cryptocurrency industry for over 7 years. He has not only been an active investor but has also gained extensive experience working for reputable companies like Acroud, RakeTech, and Kindred Group.

Best Crypto Trading Bots for Automated Trading

We are talking about the Long bot template, Short bot template, and Custom template. There have been significant improvements made in the website loading speed and stability. Once the test – concludes, you can see and analyze the performance of your strategy firsthand. This means that you will have a great many ways of customizing their growth strategy for your exchange.

Cryptohopper is the most popular platform at the moment and the main competitor to 3Commas, with a fully comprehensive Bitcoin trading bot platform that also caters to all experience levels. The platform claims to have executed automated trades on behalf of more than 140,000 traders since its inception. Conventional trading bots rely on rules set by human traders, which may not cover all market subtleties. In contrast, an AI trading bot can learn from new information and modify its trading strategies accordingly. While it comes with a monthly subscription fee, the value delivered, especially for active traders, is well worth the investment. Even if you’re averse to centralized exchanges, keep an eye on Coinrule; it’s a vanguard platform pushing the envelope in automated crypto trading.

Breaking Down The Best Crypto Trading Bots:

According to its co-founders Gabriele Musella (CEO) and Oleg Giberstein (COO), Coinrule aims to democratize trading by providing professional-grade tools to both experts and novices. In its most basic form, trading is purchasing an asset at a low price and selling it at a higher price. However, trading has evolved to the point that it is no longer just a question of purchasing low and selling high. Some people think that it shouldn’t be allowed while others say it has some advantages.

• A grid bot allows traders to perform high-frequency cryptocurrency trades.
• Check breakdown for the best crypto trading bots with more details about automated software from the trading bot platforms.
• The bot will then send the orders of the market and monitor your profit target or stop-loss via hidden orders in real-time.
• Ideally, you are aware of the total number of trades the bot will make.
• The interface is beginner-friendly, and you can follow some of the popular indicators like moving average, Bollinger bands to automate trading on all popular exchanges.

They allow you to forget about the market fluctuations and make some money from crypto trading. Execution is the final part of the trade — that is the very part where the deal actually happens. With all the processes ascertained and decided, concluding the said deal is a simple task. If other traders use the same algorithms to conduct their trading, you may get an unfavorable deal at a lower price. Data (be it collected from indicators or other sources) enters the generator, and it decides whether to put out a buy or sell signal.

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In this trading strategy, the traders hold a short-term position and sell it when the trading price peaks before the crash. It is also known as the trend-following mechanism, ideal for trading cryptocurrencies on a positive momentum wave with crypto assets and selling them when the market’s momentum reverses. HaasOnline is a powerful bot with a backtesting engine that can draw information from up to 56 weeks of past data.

• CryptoTrader is remarkable since it facilitates custom algorithm development for trading strategies.
• The Cryptohopper lets you trade unlimited cryptocurrency pairs in autonomous mode.
• It is crucial to thoroughly research and demo-trade with different trading bot platforms before committing to one.
• This bot offers an intuitive and easy setup process, with no credit card information or platform installation required.
• Launched in 2014, HaasOnline has been offering solutions for automating crypto trading for users.
• The cryptocurrency market is highly volatile and unpredictable, and even the most sophisticated bots can experience losses.

3Commas is the best beginner-friendly crypto trading automated bot that you can use. Cryptohopper is the best crypto trading bot that offers all the basic and advanced features that a trader would need. The features like backtesting, and social trading make it ideal for hobbyist and pro traders alike. Quadency is primarily a trading terminal that let you trade on multiple exchanges from a unified platform.