Crypto trading bot
Unlike most of the competition, our proprietary crypto bot is available on the meta trader 4 and meta trader 5 platform.
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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 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!
Please share this trading strategy below and keep it for your own personal use! Thanks traders!
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 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.
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 10 best bitcoin trading bots 2021
In this article skip to section
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.
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.
The 10 best bitcoin trading bots 2021
In this article skip to section
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.
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 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!
Please share this trading strategy below and keep it for your own personal use! Thanks traders!
3 best crypto grid trading bots (that actually work)
Disclosure: this post may contain affiliate links, which means we may receive a commission if you click a link and purchase something that we recommended. Read about affiliate disclosure here.
Are you looking to start with grid trading bots?
Well, there are only a few grid bots which are quite remarkable, and in the past few months, I had to chance to explore many of them. I infact used all of them to run a grid bot, and here is one of my trade results with grid auto trading bot:
Do notice the frequency of trade (time-stamp).
Now, I feel confident enough to share some of the insights from my learnings, and exploration of these grid trading bots.
However, if you are new here, I highly recommend reading about best crypto trading bots.
Now, moving on to grid trading bots…
Grid trading works best in the ranging sideways market and using a bot you could execute your strategy even when you are sleeping. Grid trading gives you profit with ups and downs of the price fluctuations in the market, and works best when any particular pair is in a range with no clear up or down trend in a longer period.
Disclaimer: trading is a skill, and using a bot doesn’t guarantee you would make money. You should rather invest time learning the basics, and then use a bot to automate your strategy. It took my more than a year to get results, so do not RUSH!
Disclosure: this article contains affiliate links, but every word is unbiased, and based on real-experience.
Those who are into scalp trading, can also take advantage of grid bots to automate their trading strategy. Here I have compiled a list of best available grid auto bots, with my remark and experience. Some of them are free, and a few of them are paid.
My suggestion is to try one or two at a time, and see which one fits your style of trading.
3 best automated grid trading bots:
1. Bituniverse
Bituniverse is a free trading bot which offers various kind of grid bots. What I like about bituniverse (apart from being free is), it offers many advanced features that no other similar tool offers.
- Stop loss feature
- Use AI strategy to auto-set your grid
- Manual grid setting (the one I recommend)
- Leveraged GRID bot
- Margin GRID bot
Getting started is also easy, and it works with all popular exchanges.
Overall, for many who are looking to start for free, bituniverse grid bot is the best available option. You connect with your exchange using API key, and since your crypto assets are not stored on bituniverse, you are safe. They do have a few additional products, which I have not tested, and I suggest not to try anything apart from manual bot trading on bituniverse. Once I have more details, I will write a separate article for the same.
2. 3commas grid bot
I have been a user of 3commas for a long time, and I really like their interface, and mobile app to track the performance or stop the bot. I have talked about 3commas in depth here on my 3commas review, which you must check out.
3commas offers paper trading which is idle for those who want to test grid bot before actually putting in the real money. It also works with all popular cryptocurrency exchanges, and their free tutorials and guides will help you to master the art of grid trading.
3commas also offers AI-based grid trading, where you let their AI decide the upper and lower limit for the grid. Or, you can set a manual upper and lower limit for grid size.
Here are some of my results after using grid bots:
It definitely lacks the feature of stop-loss, or auto grid resizing, which may make a lot of difference for many novices. Unlike others, 3commas is not free, and cost about $49/month for grid bot trading. However, you get 3 days trial, which is good enough for you to test out the system. Either way, in my experience 3commas, is a solid choice for a majority of intermediate and experienced traders.
3. Quadency
Quadency is another popular crypto trading bot, which offers grid bot as a free feature. However, their bot is different than above 2, as you can’t set the upper and lower limit manually.
To be honest, I could not find much detail on how quadency sets the price for grid, but what I like about them is; it gives you the control on what to do when exit price is reached. Here are 4 options:
- Recreate grid around exit price and continue trading
use this option if you have sufficient balance in quote and base to re-create the grid at the point where the price exits the grid. Note – this involves cancelling all open orders and close open positions with a market order. - Cancel all orders and stop bot
use this option if you want to cancel all remain open orders and stop the bot. This option will not close any open positions. A position is open if the bot has bought quantity but has not sold the same amount or conversely if it has sold but has not bought back the same amount. - Cancel all orders, close all positions and stop bot
use this option if you want to close all positions in addition to cancelling any remaining open orders. - Do nothing
use this option if you would rather wait for all open orders to eventually get filled. As the price reenters the grid, the bot will resume trading. However, if the price never re-enters the grid, the orders will remain open indefinitely until manually cancelled.
You can read more about quadency grid bot feature here.
There are a few more options like pionex which is primarily an exchange, but offers bot trading. Though I have not done the diligence of this exchange, so I would not trust this with my money, as it requires us to deposit the fund. Rest other options listed above, let you connect with an exchange using API, and thus your funds are more or less the safe.
Conclusion: which grid bot to use?
Well, bituniverse should be your first choice as it is free.
If you are fairly new, then use 3commas, as they offer 3 days trial and their help guide is good enough to get started.
As it is, I will keep an eye on more new bots which are coming in the market, and will include which is worthy enough to be listed here on our coinsutra resources.
Now, it is your turn to let me know how your experience has been with grid trading. Also, if you know of any other grid trading bot, do let me know via comment section below.
Harsh agrawal is the crypto exchanges and bots experts for coinsutra. He founded coinsutra in 2016, and one of the industry’s most regarded professional blogger in fintech space.
An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in information technology.
An international speaker and author who loves blockchain and crypto world.
After discovering about decentralized finance and with his background of information technology, he made his mission to help others learn and get started with it via coinsutra.
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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 trading bot
Contents
- Top forex bonus list
- Best crypto trading bots 2020 - automate your trades
- Best crypto trading bots for 2020
- What is a crypto trading bot?
- Crypto trading bots advantages
- Free bitcoin trading bot
- Top 5 crypto trading bots
- Conclusion – best crypto trading bots
- The 7 best crypto trading bots on the market
- What kind of trading bots are there?
- How do you file taxes for crypto bot trading?
- What are the best free crypto trading bots?
- What are the best paid crypto trading bots?
- 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...
- When should you use a crypto trading bot?
- #1 repetitive tasks
- #2 timing
- #3 complications can be simplified
- Crypto trading bot discounts and coupon codes ��
- The best crypto trading bot in 2021
- #1 quadency — A smarter way to trade and manage your crypto
- The best crypto trading bots
- Best crypto trading bots: reviews 2021
- The 10 best bitcoin trading bots 2021
- Why you should consider using a bitcoin trading bot
- What are the pros and cons of using a bitcoin trading bot?
- Things to consider when choosing a bitcoin trading bot
- The 10 best bitcoin trading bots 2021
- 1. Coinrule
- 2. Cryptohopper
- 3. Shrimpy
- 4. 3commas
- 5. Cryptotrader
- 6. Zignaly
- 7. BTC robot
- 8. Gunbot
- 9. Haasbot
- 10. Zenbot
- Final thoughts
- The 7 best crypto trading bots on the market
- What kind of trading bots are there?
- How do you file taxes for crypto bot trading?
- What are the best free crypto trading bots?
- What are the best paid crypto trading bots?
- The 10 best bitcoin trading bots 2021
- Why you should consider using a bitcoin trading bot
- What are the pros and cons of using a bitcoin trading bot?
- Things to consider when choosing a bitcoin trading bot
- The 10 best bitcoin trading bots 2021
- 1. Coinrule
- 2. Cryptohopper
- 3. Shrimpy
- 4. 3commas
- 5. Cryptotrader
- 6. Zignaly
- 7. BTC robot
- 8. Gunbot
- 9. Haasbot
- 10. Zenbot
- Final thoughts
- Best crypto trading bots 2020 - automate your trades
- Best crypto trading bots for 2020
- What is a crypto trading bot?
- Crypto trading bots advantages
- Free bitcoin trading bot
- Top 5 crypto trading bots
- Conclusion – best crypto trading bots
- 3 best crypto grid trading bots (that actually work)
- 3 best automated grid trading bots:
- Conclusion: which grid bot to use?
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