Crypto currency trading bot

It will be man versus machine. Now, let’s see what other trading bots the crypto space can offer you.

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Best Crypto Trading Bots 2020 - Automate Your Trades, crypto currency trading bot.

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.

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7 cryptocurrency trading bots for beginners

Trading bots are computer programs configured to complete buy-and-sell orders automatically. These bots are gaining popularity by the day, and among their best features are good profits, security, user-friendliness, speed, and many others. Bots are also independent of decisions based on human emotions.

The upsurge in the number of companies offering trading bot services makes them a perfect item of discussion. The main reason behind the use of trading bots is the crypto market volatility. Since the crypto market is a 24-hour economy, market trends change in seconds. Automated trading allows the crypto traders to react to any changes even when they are away from their trading platforms.

As a trader, you might often wonder what bot is the best for use. Keep on reading to know the seven best trading bots as listed below.

Shrimpy

This web-based platform was launched in 2018. It works by automating functions to allow traders to manage their portfolio, analyze the market, and execute their strategies.

Anyone can start using shrimpy by signing up from the website and connecting their exchange account to shrimpy. Although it’s a new product in the market, it’s rapidly gaining popularity among new and seasoned traders due to the excellent services.

Shrimpy supports an extensive list of crypto exchanges, along with an endless list of cryptocurrencies. Some of the exchanges supported are bittrex, kucoin, coinbase pro, bitmart, bitstamp, gemini, huobi, bibox, binance, and bitfinex.

Shrimpy also comes with the best pricing plans for new and even experienced crypto users. Its paid plan allows traders to access almost all service functionalities, including unlimited exchanges, custom portfolios, and rebalancing.

Shrimpy’s plans start as low as $8.99 per month. The subscription gives full access to the features above and features a full social trading platform with complete portfolio backtesting.

Shrimpy has a simple, very clean, and easy to use interface. Setting up trading bots is easy. The functionalities are quite easy to use, so the platform is generally user-friendly.

Cryptohopper trading bot

The cryptohopper domain and platform was registered in 2017 and is owned and operated by cryptohopper BV, a netherland based company. The platform serves as a web-based platform and comes with a user-friendly interface that operates 24/7. It is a platform that allows for both algorithmic and social trading.

The technology involved allows for full automatic tradings by integrating the API to the crypto exchanges. The services are easy to use on any internet-enabled device.

The platform incorporates configurable and savable templates, a bot backtesting tool, and customizable technical indicators. Cryptohopper is compatible with several exchanges, i.E., kraken, coinbase pro, cryptopia, huobi, binance, kucoin, poloniex, bitfinex, and bittrex.

Cryptotrader

Cryptotrader is a project run by algocraft limited and allows users to use their strategies to automated trading via the scripting language based on coffee-script . Members of the platform can trade bitcoins and other cryptos without other software, and the bot operates 24/7.

The platform is web-based, and the vpncloud hosts the automated bots. It allows its users to use backtesting and live testing strategies.

Cryptotrader platform provides an API that can link with different exchanges and give developers full trading algorithms writing rights. Crypto exchanges supported in the platform include coinbase, huobi, binance, bitfinex, bitstamp, bittrex, kraken, and poloniex. It operates on subscription. Therefore, a trader can choose a paid plan that best suits their needs.

Zignaly

Zignaly , a spain-based platform, was founded in 2018. It’s a trading terminal that allows bitcoin and other cryptos. The platform excels at both manual and automated trading.

The platform is cloud-based, which automatically updates without you having to do it manually. Any changes you make in your system are automatically updated into the cloud, and you can get access to the information from any device.

A trader gets external signals from the systems signal providers. The signals help to analyze the market and make strategies based on market conditions. This means that a trader doesn’t need to devote all of his time to trading. However, there is not much information about the reliability and safety of the platform. The price of zignaly’s beta plan is $9 per month .

Kryll

Kryll was launched in 2018 through an ICO but was introduced to the public in january 2018. Kryll’s block-like strategy structure makes it easy for traders to use trade as their primary income mode.

Although it has gained popularity in the past two years and has received positive reviews from users and critics, it’s still less popular than its competitors. The exchanges supported in this platform include binance, bittrex, liquid, kucoin, poloniex, coinbase pro (GDAX), hitbtc, and bitstamp. However, kryll is still trying to make more exchanges compatible with its system.

Kryll is user-friendly so that even beginners can easily use it.

3commas

3commas is best for the more experienced crypto traders since its user interface is a little complicated. The interface can be accessed anywhere using a desktop, phone, or any other internet-connected device.

This cloud-based platform incorporates a smart trading terminal, reliable trading bots, copy trading, and portfolio management. The platform supports 23 different exchanges, including binance, bitfinex, and others.

3commas allows the user to do either manual or automated trading. Its pricing plan for starters is $14.5 per month , and you can change your plan as you progress.

Haasbot

Haasbot platform was founded in 2014 and had a transparent team. The platform offers a wide range of services, including technical indicators and backtesting of real-time and historical safety and insurance.

The platform requires users to install the software on their laptops, which comes with an excellent interface and customizable dashboards that appeal to them. Haasbot supports both linux and windows OS, and a user can trade at any time.

Haasbot is compatible with 20 exchanges, including bitfinex, bitstamp, binance, and bitmex. Plan payments are made in bitcoins, and the prices range from 0.04 BTC for a 3-month plan to 0.32BTC for a 12-month advance payment plan.

Bottomline

Crypto trading bots are a must-have tool for any trader who would like to make significant trades. These programs help you trade, even while you are away, and make wise investment decisions that are not clouded by emotions.

There are several trading bots available in the market, all of which come with different features. If you are looking for one, you may find it challenging to choose the best. Luckily for you, we’ve rounded up the seven best bots you can use to give you a headstart.

The best crypto trading bots

Crypto trading bots are gaining traction among crypto investors these days, and no wonder! After all, they’re helping crypto investors bolster their trading strategy and generate high returns on their crypto investments.

Who wouldn’t want to cut down on the time they spend in front of their monitors, carefully eyeing the market, ready to jump at the prospect of any potentially lucrative price movements.

Trading bots generally follow a set of rules and trading strategies chosen and configured by the trader. They track changes in prices, demand, and volume. They can send you trade signals or execute orders automatically.

In our guide, we’ll discuss the importance of these crypto bots in more depth, their pros and cons, and review the most sought-for software on the market right now.

Disclaimer: we may receive a commission for purchases made through the links on our site. However, this does not impact our reviews and comparisons. Learn more about our affiliate disclosure.

Best crypto trading bots: reviews 2021

1. 3commas

Website:3commas.Io

Supported exchanges: binance, FTX, bybit, bitmex, deribit, bittrex, binance DEX, binance jersey, binance US, bitfinex, bitstamp, CEX.Io, coinbase pro, gate.Io, exmo, hitbtc, huobi, huobi russia, kraken, kucoin, OKEX, poloniex, and yobit.

The first type of crypto trading bot is the technical bot that uses various indicators and signals to predict and help you capitalize on the next cryptocurrency market movement. The most popular technical bot is 3commas.

Users can access this cloud-based platform on their computers or smartphones without having to download it. On 3commas, you can customize the algorithmic trading bots based on your trading strategy – use the long bot for bull markets, the short one for bear markets, or a composite one as a mix of the two.

One of their most attractive features is the social copy trading feature. Aimed primarily at beginners, copy trading gives you insight into the trading strategies of other users, lets you monitor and copy them, and later on extend them to fit your own portfolio.

Moreover, 3commas is popular for its smart trade feature called trailing stop tool that keeps your position open even if you reach the desired target gain so that you can make a profit if there’s a sudden price increase. If the price starts falling, the trailing stop automatically closes your position.

With their take profit and stop-loss orders, you can simultaneously set the selling price point for when you want to make a profit and when you want to stop losses.

Pricing

3commas offers several packages for purchase. If you’re only interested in spot and futures, the starter package costs $14.50 per month or $174 per year. For more experienced traders the monthly price of the advanced package is $24.50 or $294 per year.

There’s also a pro package for $49.50 per month or $594 for the whole year. This package supports margin trading, includes composite bots, bitmex and binance futures bots, and a GRID bot. This package also features a selection of free trading courses.

Novices can try out their paper trading feature during a three-day free trial to familiarize themselves with the bots and plan out their strategy.

2. Cryptohopper

Website:cryptohopper.Com

Supported exchanges: 13 exchanges incl. Hitbtc, OKEX, bitpanda pro, kucoin, bitvavo, binance, binance US, coinbase pro, bittrex, poloniex, bitfinex, huobi, and kraken.

Cryptohopper is another cloud-based crypto trading bot that’s used by thousands of traders around the globe.

The platform is suitable for both beginners and seasoned traders. It has a range of advanced trading features such as backtesting, trailing stop-loss, stop-buy, stop-short, and dollar cost averaging. It features its own tutorial section with extensive educational materials, video courses, and a learning academy to help new users make the most out of crypto trading.

They can customize their own trading strategy with cryptohopper’s strategy designer that allows traders to choose out of its list of 30 technical indicators and 90 candlestick patterns. If you want to try their services but don’t want to risk losing your funds from the start, you can try the simulated paper-trading feature.

Moreover, cryptohopper was the first platform to automatize the process of receiving crypto signals, i.E. Technical analysts who closely follow the market to spot promising crypto assets and earn money by sharing their predictions with subscribed traders.

Now, when technical analysts or “signalers” working for cryptohopper send out trade signals, the hopper bot picks them up and executes a buying/selling order (provided you subscribe to one/some of them first). As a result, traders can spend less time on the trading terminal

Pricing

Cryptohopper offers a free pioneer package for all users that gives you access to 20 positions, manual trading, and portfolio management.

However, if you want to get a real taste of crypto trading with a trading bot, we recommend upgrading to one of these packages:

Explorer starter package.

For $19 per month, you get 80 positions, maximum of 2 triggers, maximum of 15 selected coins, one simulated trading bot, and paper trading.

Adventure medium package.

For $49 per month, you get 200 positions, 5 triggers, 50 selected coins, one simulated trading bot, exchange arbitrage, and paper trading.

Hero pro package.

For $99 per month, you get 500 positions, 10 triggers, 75 selected coins, technical analysis, market arbitrage, and algorithm intelligence (BETA).

3. Haasonline

Website:haasonline.Com

Supported exchanges: 20+ exchanges incl. Binance, binance futures, binance.Us, bitfinex, bitmex, bitpanda pro, bitstamp, bittrex, cex.Io, coinbase pro, deribit, gemini, hitbtc, huobi global, ionomy, kraken, kraken futures, kucoin, okcoin, OKEX, OKEX futures, and poloniex.

Haasonline was launched in 2014 by stephen de haas. Unlike many other platforms that avoid revealing the identity of their founders, the haasonline team is known for its transparency and active social media presence.

Until 2020, users had to download and install the haasonline trade server (HTS) and set up an account. This was time-consuming and required some technical background on the part of the user which is why the platform launched its cloud version this year and simplified the whole signing up process.

Haasonline belongs to the group of market-making bots. What these bots do is they place buy and sell orders in an attempt to score a quick and easy profit for you. For example, if your target crypto asset is trading for $100, the haasbot will create a $90 buy order and a $110 sell order. In case one of the orders gets executed, you’ll earn $10.

Similarly to 3commas and cryptohopper, haasonline also offers copy trading and the option to subscribe to technical analysts’ signals. It has advanced backtesting that makes it possible to go 56 weeks back to track the accuracy of some trading strategies.

Pricing

On haasonline, you can subscribe to a 3-month, 6-month, or 12-month trading plan and choose between a beginner, simple, or advanced account. Unlike other platforms, haasonline only accepts BTC payments.

The beginner plan costs 0.073 BTC per year. You get 10 trading bots, access to 11 insurances, 10 safeties, over 20 indicators, restricted core features, chat and ticket support, and a $100 VPS credit.

The simple plan costs 0.127 BTC annually with 20 trading bots, access to 13 insurances, 20 safeties, over 40 indicators, unlimited trades, no fees, restricted core features, chat and ticket support, a $100 VPS credit, and a visual editor.

Finally, the advanced plan costs 0.208 BTC per year offering unrestricted trading bots, insurances, safeties, indicators, and core features, unlimited trades, zero fees, chat and ticket support, a $100 VPS credit, and a visual editor.

4. Shrimpy

Website:shrimpy.Io

Supported exchanges: binance, binance US, bittrex, kucoin, coinbase pro, poloniex, kraken, bibox, gemini, huobi, hitbtc, bitmar, bitstamp, OKEX, and bitfinex.

Shrimpy was founded in 2018 by matthew wesly and michael mccarty whose vision was to create a platform that would encourage more people to join the crypto market by allowing them to make crypto trades easily and effectively.

Shrimpy became famous for its automated trading tools and interface and the immediate support it got for leading crypto exchanges. However, what really sets this platform apart is the portfolio auto-rebalancing tool. Although this tool is frequently used in the stock market, shrimpy was the first to introduce it to the crypto market.

Instead, they can realign and specify the weightings of each crypto asset’s value from their portfolio. The shrimpy trading bot would periodically buy or sell these assets to maintain the desired asset levels, i.E. Automatically rebalance them. This is a great strategy to capitalize on sudden crypto rallies. Thanks to the effectiveness of this tool, users no longer have to rely on the buy and hold strategy.

Shrimpy has two main portfolio rebalancing types: time (periodic) and threshold rebalancing. If you choose the first one, shrimpy will rebalance your portfolio daily, weekly, or monthly depending on your preference to achieve your desired crypto weightings. Threshold rebalancing means that when one of your cryptos deviates from the desired percentage by a predetermined amount (e.G. 10%), shrimpy will get you back on track and rebalance your portfolio.

To explore the potential of your strategy, you can use their backtesting services. You can emulate the strategies of other traders with their social services or simply observe them with shrimpy’s insights.

Pricing

Shrimpy offers a monthly membership for its services. The hodler account is free but this subscription allows you to create a portfolio, monitor and track your performance, and link the portfolio to support exchanges.

The professional account costs $19 per month or $13 if you subscribe for one year. Upgrading to a professional account really pays off because you’re allowed to use all trading tools and services including portfolio management and tracking, index builder, rebalancing, backtesting, and social features, and advanced account setting (IP whitelisting).

There’s also enterprise pricing for businesses and crypto companies looking for more customization on shrimpy’s services. You just need to contact their team to agree on the terms and conditions.

The 7 best crypto trading bots on the market

Devin black updated at: aug 19th, 2020

Free algorithmic crypto bots

Learn everything you need to know about crypto tax in our cryptocurrency tax guide

While we all can appreciate the emotional rush from watching the crypto markets on a daily basis, we can also admit that it may not be the most efficient way to trade. That’s where algorithmic crypto trading bots can help.

Programming an open source crypto bot capable of making trades based on data and trends rather than emotional impulses allows crypto traders to grow profits, minimize risk, and limit losses across multiple exchanges. Trading bots allow traders to receive passive income from fully automated trades 24 hours a day, allowing you to take advantage of hours you may not be available to trade.

There are a number of platforms that support algorithmic trading, but below are some of our favorites bots that work.

What kind of trading bots are there?

Arbitrage

Arbitrage strategy entails simultaneously buying a coin on one exchange and selling it on another. For example, if a bot notices LTC selling for $300 on bittrex and for $312 on coinbase pro, the bot will buy LTC on the exchange where it’s cheaper and sell it on the other exchange for a profit. In the beginning of the cryptocurrency market, this was one of the first strategies crypto traders utilized to make quick, safe profits.

Market making

Market makers both buy and sell a token in order to help the market discover a price. The advantage of market making is that it can help prevent large swings in price.

This can involve making both buy and sell limit orders near the existing market price, and as prices fluctuate, the trading bot will automatically and continuously place limit orders in order to profit from the spread. Many market making bot traders are actually affiliated with the projects they’re trading.

How do you file taxes for crypto bot trading?

Cryptocurrency bots trade for you on exchanges. When it comes time to report your cryptocurrency on taxes, you just need to import your trades from these exchanges into cryptocurrency tax software.

When choosing a bot strategy, be aware of how many trades the bot will be making. High frequency trading bots that may make dozens or hundreds of trades a day can result in tens — or even hundreds — of thousands of transactions. This adds complexity to tax calculations; however, tokentax can handle such trading on the appropriate crypto tax plan.

What are the best free crypto trading bots?

Blackbird bitcoin arbitrage

Blackbird is a unique bitcoin trading bot that utilizes arbitrage deals. Arbitrage bots come with the advantage of not selling tokens that you own but rather looking to utilize the arbitrage strategy to find gaps in the market and take advantage of them.

Blackbird works with all market conditions because it isn’t affected by the volatility of the market. So if bitcoin loses half its value over night, it won’t affect the bot’s trading strategy. This strategy works in parallel on different exchanges, meaning that there are no latency issues, and your bot can instantly take advantage when it finds one. This bot is exclusively for bitcoin trading.

Catalyst enigma

Catalyst is a bot built using the python programming language. A major benefit of using catalyst is that it's heavily customizable . Developers can build and test complex custom strategies and analyze them on enigma's dashboard, which provides a number of valuable metrics about each strategy. Users can then share this data with other users and compare notes on which strategies are the most valuable.

Zenbot

Zenbot is another bot service we would recommend to first time users. It's an open source platform that supports a wide range of exchanges including bitfinex, bitstamp, poloniex and kraken.

Zenbot gives access to premade strategies like gekko and also has advanced features including paper trading to test strategies in real-time, configurable order types, and a flexible sample period and trade frequency. Although the platform has not had as much maintenance as we would have hoped up to this point, there is a way to download and modify the code if needed. That said, according to the github page, zenbot 3.5.15 has made a 1.531 ROI in just three months.

What are the best paid crypto trading bots?

Shrimpy

Unlike the other bots on this list so far, shrimpy costs money to use and for good reason. Shrimpy offers a number of advanced features including a focus on portfolio management, portfolio rebalancing and cross exchange performance monitoring. It is also a platform that both novice and advanced traders have found to be easy to use.

This, along with an elite number of supported exchanges, have helped shrimpy set itself apart, and it’s seen as one of the premier automatic trading platforms.

Haasbot

Haasbot is a more advanced bot, reflected in its price starting at $254 per year. However, haasbot has something to offer that the others do not. Besides supporting a large number of cryptocurrency exchanges, haasbot can give you access to multiple bots that can implement trade strategies on different exchanges and currencies simultaneously.

3commas

3commas is a more advanced trading bot with a number of sophisticated trading options built in. While it may have similar features to haasbot, there is one key feature that stands out: the ability to backtest trade strategies on other portfolios.

This can give you some insight on the strategies of the platform’s most successful users, essentially allowing you to copy their strategies, see how they work, and possibly build on top of them.

3commas also offers the ability to a number of smart trade functions like trailing. Trailing allows you to set the price you want the bots to close on a trade at the most profitable position even though the target gain set by the user had already been reached.

3commas starts at $22 a month and caps out at $79 a month for their pro plan.

Cryptohopper

Cryptohopper is an advanced paid platform that’s easy to pick up and use right away. It’s a cloud based platform, requiring no installation and allowing for 24/7 trading. The bot also integrates with traders who share their trading signals, allowing users to assign their bot to trade according to these traders’ signals. More experienced users can customize their own strategies.

To stay up to date on the latest, follow tokentax on twitter @tokentax.

Crypto trading bots: an excellent guide for beginners

Declan igoe

As you know, cryptocurrency trading is a roller coaster of ups and downs. Sometimes, this volatility can work in your favor and other times - it just doesn’t. This unpredictability can be pretty scary for those who are just getting started or less-experienced traders. However, once you begin to understand how the crypto market really works, you can start to take advantage of the turbulence and reap the rewards of clever trading.

A proper understanding of the market requires in-depth technical and fundamental analysis, something which may sound intimidating but doesn’t need to be when you’re working with the help of crypto trading bots.

You’ve heard of crypto trading bots before, you might even know someone who uses one but what actually is a trading bot?

What is a crypto trading bot?

Cryptocurrency trading bots are, simply put, programs that buy and sell various cryptocurrencies at the right time on your behalf. It is a piece of code that is designed to trade for you. Normally, this ‘bot’ will try to interpret market data, scrutinize price movements and react based on rules which the bot creator has defined. Millions of people use trading bots to retain a firm grip over their trading activities whilst sitting back and (hopefully) watching their profit grow.

How do trading bots actually work?

Trading bots work by communicating directly with exchanges and placing orders automatically on your behalf. They decide what to do or which action to take by monitoring market prices and movements as well as acting on your preset rules. An exchange user provides access to the trading bot by giving the bot their API keys. Two keys are used to tell the exchange that a bot has been allowed by you to access your account and trade on your behalf.

There are essentially three moving parts in a trading bot: signal generator, risk allocation and execution.

The signal generator is where it makes predictions. Market data is fed into the signal generator to buy or sell emerging signals. Then, the signal for the trade (buy or sell) comes out the other end.

Risk allocation is where the bot takes the buy or sell signal and says, “O.K. Now I have to decide how much to trade. Should I use our entire capital or should I just use a portion?” obviously, risk allocation is important in making the right decision for your funds.

Execution: let’s assume you want to buy a large amount of a cryptocurrency like bitcoin. Instead of doing this all in one movement (which will probably lead to an unfavorable price), you could ‘dribble’ it into the market to get the best price possible. So execution is also something which requires careful consideration and planning when developing your bot.

What are the advantages of using a trading bot?

There are several reasons why you should consider using a trading bot.

High efficiency

A bot can process infinitely more data than any human will ever be able to. It can analyze and predict the market before any trade happens ensuring that it makes the right decision mathematically and based on cold, hard logic and statistics.

Unbiased trading

Another benefit of using bots is that they act without emotion. Listen, we’ve all been there, we’ve all felt the FUD and we’ve all made terrible trading choices based on those feelings - but bots don’t. Bots can prevent you from making questionable, emotion-based decisions before you’ve even had time to shout ‘sell, sell, sell!’

Increased speed

Furthermore, bots operate infinitely faster than a human, ensuring top performance and allowing you to trade beyond your limits. And they do this 24 hours a day, 7 days a week meaning no more missing the boat when you’re asleep and the market shifts.

So the question really becomes: why aren’t you using an automated trading bot already?

You’re probably sitting there and thinking, “I can’t code. How am I expected to build a trading bot?”

Thankfully, we’ve already thought of that for you. Tools such as the trality rule builder will help you get started with all the features you need to build a bot in a simple, clean user interface. It takes less than five minutes and requires absolutely zero coding knowledge.

Let’s see just how easy it is.

How to build your own bot

So you’ve made up your mind and the time has come. You want to begin reaping the rewards of having a multi-faceted, smart robot do all your work for you? Well, we’ve made it easy to set up a bot in a matter of moments with zero coding knowledge necessary.

It’s worth mentioning that some of the terms we use here will only be familiar to seasoned traders and investors. If you’re not sure what we mean when we say things like strategy, indicator or signal, then you should become a little more comfortable with trading terms before you begin building your bot.

Luckily, resources such as investopedia have super informative articles, courses and even a rich dictionary to help you learn the basics.

If you’re already confident, then it’s time to get started. Below is the step-by-step process to help you create, backtest and deploy your first crypto bot.

Step 1. Register a free account

Step 2. Create a new bot

From the dashboard, click ‘create new bot’ and a box will pop up asking for some specifics.

Figure 1: creating a new rule-based trading bot in trality

You are able to name your bot whatever you choose in this section.

Select ‘rule’ as the bot type. The trality rule builder is a drag-and-drop interface that allows you to create trading strategies, backtest them on historical data and fine-tune those strategies until they are profitable.

This is where you will decide which exchange your bot will run on. With trality, you can trade on the world’s leading crypto exchanges such as binance, kraken and coinbase but the list is constantly expanding with other user favorites. Take a look at our exchange guide here.

Quoted asset

The last step is to select the ‘quoted asset,’ which is the currency against which all trades will be executed. For our example, we’ll use bitcoin [BTC].

You can even theme your bot with your favorite color to help you differentiate between bots.

Step 3. Select your assets

This is where you tell your bot what it should be buying or selling. In the ‘assets’ tab of your bot setup, you can select from a list of available base assets. Only assets which are available on your selected exchange will show up in this list. To keep it simple, we’ll select ethereum [ETH] so our bot will trade ETH/BTC.

Figure 2: selecting base assets

Please note, before you select the assets you want your bot to trade, you should visit the exchange itself to double-check that there is enough market volume for the selected asset for your bot to be able to execute the trade. A low volume might make it difficult for your bot to run properly.

Step 4. Choose your parameters and tinker with the settings

The settings tab is the ‘fine details.’ here you will tell your bot how much of your portfolio it can actually use to trade with, how much or little it can buy or sell. It is also the tab when you can define how long an order stays open before it is canceled or the time between making orders also known as ‘cooldown.’

Figure 3: defining base settings and parameters for a trading bot

For a detailed description of all parameters and settings, head over to the trality docs and check out the rule builder section.

Step 5. Choose your strategy

Selecting the strategy is the core of building your cryptocurrency trading bot. It is by far the most important step and something which you can never spend too much time thinking about.

Start by clicking the ‘strategy’ tab and proceed to ‘add new.’

Figure 4: creating rules for a trading bot

Here, you can select from a long list of pre-defined strategies - these are the strategies which we’ve decided are useful for our users. For those who are new to cryptocurrency trading, some of these names can seem daunting but we promise they’re not so bad. If you’re having trouble, just refer to our handy strategy guide which describes in detail what each and every one of the strategies actually does.

You must then decide whether this will be a ‘buy’ or ‘sell’ strategy and you will most likely want a strategy for both.

Figure 5: adding 'buy' or 'sell' signals to a strategy

At this point, you could go one step further by clicking the ‘expert’ switch. This allows you to really customize the strategy and make it your own by allowing you to detail different specifics within the strategy such as the interval, signal type, indicator parameters and keeping a signal. It’s not obligatory to do this but if you don’t flick the ‘expert’ switch then the strategy you have chosen will just use the defaults.

Some strategies are more complex whilst others are far simpler (such as the relative strength index) so please make sure to thoroughly research which strategy is best for you when getting started.

Step 6. Time to backtest

Backtesting is at the heart of every bot creation iteration. This is the last step you will take before sending your bot out into the wild west of cryptocurrency markets. It is really just a test to see how well your bot could perform in the future. It is called ‘back’ testing because you are testing your bot in a simulation of the past to see how effective it would have been in that environment.

Figure 6: backtesting a trading bot in trality

A good place to start backtesting is simply running your bot against the past six months or one year. When you have finished the backtest, you will get the results which include all the important information you need to understand if the bot is doing its job properly e.G. Returns, gains, number of trades executed, fees paid etc.

If the results are not quite what you expected or if the bot is not acting in a way that brings you profit then you might want to go back and either a) adjust your strategies, or b) add new strategies that compliment your already-existing strategies.

Step 7. Start your bot

The very last step is to launch your bot on the exchange you’ve chosen. Click on the cloud button on the top right of the interface and follow the instructions in the dialogue box.

That’s all! Wish your bot good luck as you send it out into the big wide world of crypto.

Get building your crypto trading bot!

We believe that every single investor should be able to benefit from the advantages of algorithmic cryptocurrency trading bots and even though the name sounds complicated - running a bot doesn’t need to be. Trality brings automated trading from the complex and expensive terminals on wall street directly to your laptop, phone or tablet and we’re doing it in a way that works for both beginners and experts alike.

Whether you’re all set to take the plunge or still on the fence, don’t be a stranger. We encourage you to explore the state-of-the-art tools on our website for free and see it for yourself how easy it is to create, backtest and start your own trading bot.

Disclaimer: backtests are not indicative of future results. The above article is merely an opinion piece and does not represent any kind of trading advice or suggestions on how to invest, how to trade or in which assets to invest in or suggestions on how trading bots or trading algorithms can or should be used! Always do your own research before investing and always (!) only invest what you can afford to lose!

Best cryptocurrencies to invest in 2021

It’s been more than ten years since the most well-known cryptocurrency bitcoin was launched. Now there is a multitude of digital tokens available for traders like you and me

Introducing: the trading engine 2.0.

We always try to make automated investing as intuitive as possible for our users and the release of our trading engine 2.0 brings us even closer to this goal. For bot creators, this means putting flexibility centre stage and providing them with the tools they need to create the most advanced bots.

Best crypto trading bots 2020 - automate your trades

Best crypto trading bots for 2020

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?

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.

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

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.

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

Cryptohopper

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 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

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

Bitcoin signal robot

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

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

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What are crypto trading bots and how to use them? Crypto trading bots guide

Crypto trading bots were a sensation several years ago. They managed to bring considerable profit to those who knew how to use them properly. Essentially, they still can augment your capital. Changelly’s collected basics about crypto trading bots to provide you with all the necessary information on how to build a trading bot, how to set it up, and how to make it work for you. Moreover, we’ve selected the three best crypto trading bots in our view, considering the thoughtful analysis and users’ reviews:

What is a crypto trading bot?

As soon as it was clear that the crypto industry would keep on developing and expanding, some of the industry’s masterminds introduced bitcoin and other crypto trading bots to the community.

A crypto trading bot is a software program that automatically buys and/or sells assets when its price reaches a certain limit. Crypto trading bots use exchanges’s apis in order to merge and obtain all the necessary information and place an order on your behalf. Crypto bots usually analyze market data like volume, price, orders, time, and other vital factors that should be considered when trading. However, you want your trading bot to pay closer attention to other things you can easily set up your own preferences.

Trading bots are not the prerogative of the crypto world. They also use in the stock market trading for the same purposes: to help traders at increasing their initial investment. The internet is full of tutorials on how to build a perfect trading bot and use it on NYSE, NASDAQ, and other stock exchanges.

How does a trading bot work?

As mentioned above, trading bots need to interact with crypto exchanges in order to obtain essential data and follow a certain algorithm of actions. Pretty much every cryptocurrency exchange provides its API for algo trading. Sometimes, the exchange platform also has tutorials on how to set up a trading bot.

Most trading bots work on a rather simple principle that can be described as “signal generator — risk allocation — execution.”

That’s the pattern behind every decision made by such bots.

The signal generator is the part where a bot makes its predictions. Data (be it one collected from indicators or other sources) enters in the generator, and it decides whether to put out a buy or sell signal. Afterward, this signal proceeds for the risk allocation.

Once the buy or sell signal is there, a crypto trading bot has to decide how much it should buy or sell. It decides whether to allocate a whole capital to the trade, or just a part of it, and so on.

The final part of the trade is executed, the part where the deal actually happens. With all of the processes ascertained and decided, concluding the said deal is a simple task. While it may seem like this is the least important part, it is not so. If other traders use the same algorithms to conduct their trading, you may get an unfavorable deal at a lower price.

This part of the algo decides how best to conduct the deal itself, whether buying/selling in one piece will bring greater profits or not. So, to make sure that your trading bot is working in your best interests, you will need one to excel in all three parts of the trading.

Please pay close attention to the fact that a crypto trading bot requires access to your public and private API key. This necessity makes crypto exchanges believe that you authorize a trading bot to take action on your behalf.

Why to use trading bots

You may ask: why would I even need to use a trading bot if I can do it myself? Let’s face the fact, that time is the most valuable resource of our time right now. Time is money and a trading bot proves it perfectly. It has several important advantages over humans.

We have limitations that bots simply don’t. We can’t monitor the market 24/7, and even if the trader sets up an intricate web of alerts, he wouldn’t be able to react to them immediately. Bots don’t need to sleep, eat, and do not get distracted;

Trading bots also can react faster than any human, and every moment can cost trader money;

Crypto trading bot can easily process more data than any human. It can analyze and predict how the market would turn earlier than a trade, granting it an edge, and you, a profit;

Crypto trading bots will not only give you free time, but also provide you with an opportunity for more efficient arbitrage trading;

We tend to lose ourselves in the thrill, wishing for more money, or wanting to return the losses. This can lead to even more losses. A trading bot does not have that weakness, as it operates on cold logic and does whatever is more profitable according to statistics. This means that bots will lose less often and bring more profits overall.

There are different reasons why humans may outperform trading bots on similar deals, as taking risks may result in a bigger payout, or a hunch can allow guessing the trend. Bots are more effective at bringing in money than humans, and that alone should be a reason enough to employ them.

How to make a trading bot

Buying a trading bot is not the only option. If nothing on the market strikes your fancy, you can always try to create your own trading bot that will meet all your preferences and desires. It would require some technical expertise, as well as knowledge of trading and market trends, to create a truly efficient one.

To code a trading bot by yourself, you will need:

Conduct research: what do you want from your bot? What is his main goal? What platform would you use? Answer those questions, create your own risk profile based on your capital and time constraints. Once you’ve created that, you can start coding.

Base coding: a trading bot is only as good as its code. It can’t really get outside of what it was programmed to do, so you need to carefully consider what you need it to do and what tools you should include. The most common are setting up entry and exit rules and the number of units to sell/buy.

Cleaning data: to get accurate readings during your testing, you need to get sure that you’ve got accurate data. Cleaning and compiling it so that gathered information is as close to the real trading as possible is vital there.

Testing: unless you’ve thoroughly tested your bot, you can’t say that it really works. You need to make sure to find out little bugs and issues that may cost you money before you use it for trading. Of course, you can’t catch them all, but the more you get before setting it up, the fewer problems you’ll get later on.

Design: with the code done and tested, you need to make sure that your bot’s design takes into account the market’s risks and flaws.

With all of that resolved, you should ensure that your bot uses viable trading strategies. You can do that by programming it to create sound statistical models, from which said strategies would be built. This will allow your bot to follow the guidelines and to execute commands at the right time.

How to set up a crypto trading bot

With all of that handled, it is time to actually set up your bot. Whether you’ve bought one or you created it yourself, there are a few steps you’ll need to follow before you can actually use it.

Find and install python and python library: you will need to have at least a basic understanding of how it works and how to run a simple script in this language.

Get API keys from brokers: depending on the broker you’ve chosen, you will need to know different languages to integrate them with your bot. A good idea would be to brush up not only on python but also on MQL4/5 and C#.

Make sure to not allow withdrawals from your account: if you allow the bot to do so, it will be at risk of spending more money than you intended to, or even to be attacked by a hacker. A crypto trading bot with withdrawal permission is a security and financial hazard.

Set up evaluation procedures: this will allow you to track your bot’s performance so that you can easily fix any problems that may occur or just improve its efficiency based on the data.

Keep a hard copy of the generated key pairs on hand and keep it safe.

Your trading bot is ready to get out and start making your profit. Just check up on it and apply upgrades and fixes if necessary, and it will serve you well.

Best crypto trading bots to use in 2020

If you don’t want to spend your time and effort building trading bots, you can always use the already existed solutions. The crypto industry is ready to offer a wide range of trading bot platforms.

Tradesanta trading bot

Tradesanta is a cloud cryptocurrency trading software that helps you to benefit from crypto market volatility. This is a ready-made trading bot solution which saves you lots of nerves. With a native UX/UI, tradesanta provides quick access to algo trading on such crypto giants as hitbtc, binance, bitfinex, huobi, and many others. According to tradesanta, your crypto trading bot can be set up in just two minutes and this is what literally saves you time.

There are four trading packages provided: minimum (free trial), basic, advanced, and maximum. The latter costs $30 per month and gives access to enhanced opportunities. Available for ios and android mobile devices.

Cryptohopper trading bot

Being probably one of the most well-known trading bots platforms, cryptohopper provides traders with a high-level algo trading. It is also a perfect place for your bitcoin, ethereum, and other crypto assets management.

Exchange bitcoin (BTC) to bitcoin cash (BCH) step by step guide

Cryptohopper does not require you to have advanced coding skills. There are multiple tools that help you create a suitable strategy for a better trading experience. Market-making, arbitrage trading and many more are ready to provide you with multiple benefits.

3commas trading bot

Another popular trading bot platform 3commas has been on the market since 2017. Being born in the time of initial coin offering (ICO) rush, 3commas managed to survive those crazy days and become a better version of itself. The platform is constantly being upgraded. 3commas offers a range of features and tools for crypto trading to be smooth and efficient.

The platform is easy navigated and allows users to select a trading bot that will suit all their needs. The platform supports major and minor crypto exchanges (23 in total) and enables you to manage the crypto portfolio within one single account. 3commas mobile application can be downloaded from app store and google play.

Summary

We’ve tried to answer the most vivid questions like what trading bots are, why would traders use them, and how to create and set up one for yourself. The crypto market is one that benefits the most from trading bots since most cryptocurrencies are really volatile assets. In this way, traders would need to make snap decisions. Even one or two seconds of delay can spell disaster for their investment.

Trading bots are not as limited in their perception, so they can make your trading more profitable overall, for the price of making slightly less money per trade. As many experienced traders would say, a consistent lower profit is much better than the inconsistent one. Stay tuned for more trading and crypto insights.

Cryptocurrency trading bots – Q&A

Here we’ve collected the most frequent questions about crypto trading bots and provided the answers to them.

What is the best crypto trading bot?

As for us, the best crypto trading bots are tradesanta, cryptohopper, and 3commas. You can also consider zignaly bot.

Are crypto trading bots profitable?

If you configure it in the right way, the trading bots can be extremely profitable.

Do crypto trading bots work?

Absolutely! They allow you to forget about the market fluctuations and get some money on crypto trading.

Are trading bots legit?

Yes. However, you should choose the project you want to use: read the reviews and try the product with a small amount of money.

What are crypto trading bots?

A crypto trading bot is a software program that works as a trader. You can both buy it or code yourself from the scratch. The bot buys and sells cryptocurrencies according to the settings.

Disclaimer: this article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment instrument.

4 best cryptocurrency arbitrage bot platforms for 2021

Crypto arbitrage or bitcoin arbitrage is the process of buying cryptocurrencies from one exchange at low prices and selling them in another exchange where the prices are high. Users can do it manually which take time while use of automated cryptocurrency arbitrage bot platforms are the process more efficient and profitable. It works just like a stock market, where people try to make a profit out of the volatility of the price differences in the bitcoin exchanges.

How does crypto arbitrage work?

Arbitrage trading works on the price differences between the exchange markets. For example, in the large exchanges, you will find high trade volumes and lower prices of bitcoins. Again, in the small crypto exchanges, the supply is less while the prices are high. Traders take advantage of this situation and buy cryptos in bulk from large exchanges at low prices and sell them at high prices in the smaller exchanges thus earning massive profits.

However, the recent ‘bull market’ has caused an increase in the overall volume of crypto trades in all exchanges that an increase in share prices resulting in massive sales even in small exchanges.

Barriers to bitcoin arbitrage

Arbitrage trading has limitations such as:

Verification of transactions can take some time. The prices of the cryptocurrencies may change during this time.

The verification process may be cumbersome especially if you are trading large volumes of crypto.

Exchange fees may be too high and may leave no profits in the end.

You need to make large volumes of trading in both the exchanges to make profits.

Traders should make a thorough check of the exchanges with which they are trading. Often exchanges with low prices have trust issues and are unable to satisfy their customers.

Now that we have learned about crypto arbitrage trading, let us have a look into some of the best crypto arbitrage trading platforms:

Best cryptocurrency arbitrage bots

Bitsgap

Bitsgap is another arbitrage trading tool that allows you to make profits through arbitrage trading of bitcoins and other cryptos in exchanges. Key features include:

All trades depend on the available funds in your account.

Bitsgap provides arbitrage trading in both cryptocurrencies and fiat currency.

Arbitrage fees are included in the profits.

Supports most of the popular cryptocurrencies.

It is AI-integrated and fully automated to facilitate your trading.

You can create your account with fiat currency like USD and EUR or cryptocurrency.

The smart API protects your funds and helps you to build a smart portfolio in the trading platform.

Arbitrage.Expert/automated crypto arbitrage

Automated cryptocurrency trading bots are the software which executes automated buy and sell orders with the goal of making profit. Similarity, automated trading with the software bot especially made for the purpose of arbitrage are know as automated crypto arbitrage trading. One example of such platform is arbitrage.Expert website. This platform uses an advanced version of algorithmic arbitrage trading bot. Features include:

Arbitrage bots help to do crypto trades taking leverage of the price differences prevalent in different crypto exchanges.

Do trade with the help of API tools without withdrawing the funds.

Faster trades with arbitrage bots.

Gimmer

Gimmer is another arbitrage trading bot in the crypto trading market. GMR is the official token of this platform and is available on the exchange platforms and it supports multiple cryptocurrencies. Here are some of the key features of gimmer:

The automated bots are integrated with all the major trading exchanges.

Users get access to a basic level of automated trading bot for free.

Gimmer will study your profile and let you know about the risks involved while you are investing in the exchanges.

Free back testing tool that enables you to test your trading strategy to understand the pros and cons before you implement it in the market.

You can also earn cryptos buy renting your automated bot to other crypto traders.

Multiple safety protocols to safeguard your hard-earned money.

You can choose your trading bots if you are looking for more investment opportunities.

Exchange information and ideas in the social network of traders and learn more about arbitrage trading.

Practice arbitrage trading with the help of the simulator mode.

Hosts lightweight dapps that are fast, secure, and affordable.

Multitrader.Io

Multitrader is one of the finest crypto trading platforms. It uses arbitrage trading bots that make the work automatic and easy. At present, multitrader is working with 21 crypto exchanges and constantly looking out for trading opportunities. Key features of multitrader platform includes:

A user-friendly interface where traders can analyze the progress.

Uses statistical calculations and order book matching to search for potential opportunities in arbitrage trading.

It provides cloud-based solutions.

You can review the trades with the help of bots.

Users can get periodical reports on their trades.

Nexfolio – the most awaited best AI crypto trading bot

“nexfolio is an ai crypto trading bot. It makes use of AI algorithms to predict future trends in the volatile crypto market. With the aid of AI. Trade signals, and other popular algorithms, the bot analyzes the fluctuations and places trade orders at the right time.”

Trading bots at a glance

Ai crypto trading bot trades on behalf of a crypto trader. They are automated computer protocols programmed with algorithms, candlestick patterns, and indicators to trade on the financial markets. Trading bots make the trading process a hassle-free and streamlined experience for crypto traders.

About nexfolio

Automation and artificial intelligence form the base for nexfolio, and the bot is suited for both novice and experienced traders. Nexfolio is designed with proven trading strategies after gathering requirements from multiple traders across the globe.

Nexfolio supports bitcoins as well as other cryptocurrencies. It needs little human attention, such as setting up stop loss and profit percentages, allocating the funds, and others.

Nexfolio bot interacts with the crypto exchanges directly, and places buy/sell orders automatically on behalf of the trader. It analyzes the ups and downs in the market and comes up with the best decision that brings higher profits.

Looking for profitable trading? Why don’t you make use of an automated and AI crypto trading bot #nexfolio

Why prefer ai crypto trading bots?

Quick order execution
- Good execution speed is essential to achieve optimal trading. In many cases, traders are incapable of reacting quickly to the fluctuations in the coins’ prices.
- And, crypto exchange’s downtime and delay in transaction processing further exacerbate these problems.

Trade without break
- It is difficult for traders to dedicate their entire time trading in the cryptocurrency markets.
- Spending as much time as possible always results in achieving the best trades.
- But doing so requires 24/7 monitoring of crypto exchanges across the globe.

So, to overcome all the challenges mentioned above, crypto traders are switching to trading bots.

Features of nexfolio crypto trading bot

Crypto portfolio management

Automated signal trading

Fixed sell functionality

Money & risk management

Editable stop-loss & profit percentages, and a lot more

How does ai crypto trading bot work?

There are three moving parts that contribute to the working of the trading bot:

Signal generators

This is where trade predictions are made. Once predictions are made, the generated data will move into the signal generator, and then a trade signal (either buy or sell) pops up.

Signal generators work well in trading bots that are programmed with technical indicators.

Risk allocation

The function of this part is to consider the buy or sell signal and then decide how much assets to buy or how much assets to sell.

Order execution

In this part, the planned trade order is executed with respect to the market conditions (to get a favorable price).

Nexfolio bot vs. Humans

Longevity: nexfolio crypto trading bot operates on a 24/7 * 365 basis, whereas we (humans) need some time to sleep and rest.

Speed: nexfolio’s order execution speed is faster than the average human being’s thinking and reaction time.

Emotionless: nexfolio is not driven by greed or fear (or does not pay heed to the volatility). They do what they are programmed to do.

Capacity: nexfolio is designed to process tbs of data within seconds. But, traders can only do these things in their imagination.

Welcome to join the nexfolio community!

Have queries in trading? We’re ready to answer you.

So, let's see, what we have: crypto trading bots are a sophisticated way to generate passive income from the cryptocurrency market. In a fast moving market like the cryptocurrency market, it’s becoming very popular to at crypto currency trading bot