Crypto currency trading bots

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

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The 10 Best Bitcoin Trading Bots 2021, crypto currency 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.

The 10 best bitcoin trading bots 2021

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

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

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

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

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

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

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

Why you should consider using a bitcoin trading bot

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Things to consider when choosing a bitcoin trading bot

Reliability

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

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

Check its reliability by reading reviews from other users.

Security

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

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

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

Ease of use

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

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

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

Profitability

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

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

Price

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

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

The 10 best bitcoin trading bots 2021

1. Coinrule

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

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

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

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

2. Cryptohopper

Fee: starting from $19.99 per month

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

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

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

Cryptohopper works with most of the popular exchanges.

3. Shrimpy

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

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

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

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

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

4. 3commas

Fee: starting from $22 per month

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

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

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

5. Cryptotrader

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

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

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

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

6. Zignaly

Fee: $15.99 per month

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

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

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

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

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

7. BTC robot

Fee: starting from $19.99 per month

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

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

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

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

8. Gunbot

Fee: starting at 0.01 BTC for a lifetime licence

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

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

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

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

9. Haasbot

Fee: starting from 0.073 BTC for three months

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

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

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

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

10. Zenbot

Fee: free

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

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

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

Final thoughts

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

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

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

Crypto trading bot in 2021 | best 12 bitcoin trading bots

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

When should you use a crypto trading bot?

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

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

#1 repetitive tasks

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

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

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

#2 timing

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

#3 complications can be simplified

Consider the example of “smart order routing.”

The idea is to route trades through numerous trading pairs.

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

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

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

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

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The best crypto trading bot in 2021

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

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

5 best cryptocurrency trading bots to use on binance exchange in 2020

Before there was crypto, people had been trading in foreign exchange and stock markets ever since the beginning of time (or the introduction of fiat currencies, to be precise). Although the folks who had mastered all the ropes of investment trading acquired obscene amounts of profits, the inception of bitcoin and other cryptocurrencies introduced a whole new realm for the enthusiastic traders.

In case you are just starting in crypto trading, you should know that there are two strategies you can use. You can either trade manually on an exchange if you are equipped with the necessary trading skills or solicit one of the top crypto trading bots in the market.

That’s right! There are trading bots you can use to help you keep track of this highly volatile market to your advantage. These bots give you control of crypto trading and, in turn, help you counter the volatility of the market.

So, what exactly are these trading bots?

In layman’s, a crypto trading bot is an application that interacts with cryptocurrency exchanges via numerous apis to obtain and interpret relevant data. Then places buy/sell orders on behalf of traders depending on the analysis of the market statistics.

A crypto trading bot will essentially examine market actions, including volume, orders, price, and time, but they can normally be programmed to fit individual portfolio management preferences.

Many trading bots have been developed with different algorithms, some built explicitly for the binance exchange, while some are made to suit the entire market, with different strategies.

This extract will look at some of the popular and publicly-available bots you can use to trade on binance in 2020.

1. Shrimpy

Shrimpy is the most straightforward yet powerful cryptocurrency portfolio management application currently working with binance exchange.

Unlike other trading bots, shrimpy emphases massively the rebalancing method, where users can easily expand their portfolio as they can automatically buy low and sell high.

The bot also allows you to automate your crypto portfolio in under 5 minutes by signing up, plugging in exchange API keys, selecting assets, and entering a rebalance period.

Performance tracking on the platform allows you to track all your digital assets’ portfolio performance in one place with the software’s unified dashboard.

Moreover, shrimpy provides its own apis where developers can integrate trading features into their own applications. Instead of developers managing their own infrastructure, they can allow their users to directly communicate with shrimpy to access exchange accounts, execute trades, and collect data. This frees up development resources and allows builders to concentrate on their core product offerings.

As the number of exchanges increases, so is the difficulty with maintaining these exchanges. Using the shrimpy apis doesn’t require any maintenance, as the shrimpy team handles exchange integration and important updates.

How shrimpy works

Shrimpy works by observing a trader’s set crypto allocations and rebalancing it over time, so the percentage of all allocations stays consistently spread across the portfolio.

When the value of a certain crypto asset goes up, the bot proceeds to take the profit gained with that coin and puts them into a coin that has gone down.

Once the lagging coin finally catches up, the lower performing coin returns are then put into a new lagging coin, and the whole process is repeated automatically.

2. Haasbot

Haasbot is arguably the most advanced automated trading software solutions currently available than others, doing much of the work with relatively minimal input required from the user.

The trading bot software is well fitted with various indicators covering close to 50 diverse indicators and custom bots. The software is also designed to accommodate less-experienced traders’ needs, thus enabling a wider range of customers to make a profit.

The software offers multiple exchange support, which utilizes multiple exchanges to allow haasbots to keep BTC trades going even when your main exchange goes down.

It also has granular control of your haasbot, which allows users to configure a bitcoin haasbot to buy with one indicator, sell with a different indicator, make sure trades cover fees, and protect your investment from market crashes.

Moreover, the bot allows users to conduct technical analysis, execute manual trades, and watch multiple markets, all from our market view.

Haasbots aren’t only for bitcoin; they can trade any crypto altcoin pair that binance or other authorized exchanges support.

In short, the platform offers automated trading that allows you to trade 24 hours a day, seven days a week, and 365 days a year when you automate your crypto trading strategy with haasbots.

3. Margin

Margin [margin.De] is easy to use an algorithmic trading tool built with a powerful trading terminal that supports binance exchange.

The bot currently supports not only binance but also a host of other top exchanges such as bitstamp, poloniex, bitfinex, and okcoin, with other additions already in the pipeline.

The software implements two automated trading strategies to help traders maximize profitability from their crypto trading.

Firstly, you can take advantage of the margin maker feature that lets you quickly adapt to the cryptocurrency market’s ever-changing course, allowing you to set all the desired parameters via quick drag-and-drop in the graph.

Secondly, the ping pong trading strategy allows you to set rigid numbers as you buy/sell prices, leaving the software to do its work from there.

The possible earnings will be instantly displayed on a graph, excluding any applicable exchange fees.

4. 3commas

The automatic crypto trading platform integrates numerous exchanges, including binance, binance US, binance DEX, binance jersey, bitmex, bittrex, ethereum wallet, pro coinbase, huobi, huobi US, kucoin, okex, and many more.

The automated crypto trading platform features a smarttrade terminal that allows users to execute orders and trades, set bot-trading, and stop-loss/profit positions.

The site is well designed with a vertical menu on the left to highlight the site’s functions. Everything is clear from whether you want to create a crypto bot, an automatic crypto-trading strategy with classic options like stop loss, take profit, automatic trade, or create a 3commas trading bot.

The trading bot lets users manually fix stop-loss and take-profit targets while including a social trading feature where inexperienced traders can copy the platform’s most successful traders’ actions.

Moreover, users on 3commas can utilize the interesting ETF-like crypto portfolio feature, which allows them to build, study, and back-test a cryptocurrency portfolio and pick out the best performing portfolios built by other users.

5. Crypto world evolution

The crypto world evolution is another critically acclaimed bot. Most trading experts repute it as the most innovative trading software because it provides automated crypto trading capable of refining any trade’s performance by granting users access to the underlying algorithmic structures entrenched in the software.

Crypto world evolution (CWE) users can access the software from either a web browser, phone, or tablet in virtually all the available operating systems. The software supports the major exchange platforms in the crypto world, including the binance exchange.

Crypto world evolution bot encompass key features such as a securely built trading platform to avoid access to user’s funds and an online crypto trading academy to help enthusiasts and newbies increase their trading skills.

CWE has real-time tracking of trades for more profitable and seamless trading, giving you 24/7 efficient monitoring of trades from anywhere you are.

Conclusion

Crypto trading is an effective way to make some passive revenue even during a bear market.

To avoid wasting time trying to grasp the market’s technical aspects while missing out on so many trading opportunities, you can make use of the trading bots and gain some money without too much effort.

As aforementioned, each crypto trading bot usually possesses its own features and interface adapted to different types of crypto traders’ expectations and expertise.

In this guide, you have learned about a top selection of the best bitcoin bots and crypto bots on the market that you can utilize in 2020. Not to sound biased or anything, if you are a beginner and want to exploit all you can in crypto trading, you should try shrimpy. Most crypto traders appreciate the simplicity of a basic interface and straightforward trading like the one offered by shrimpy.

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.

How to buy crypto with a bank card: changelly explains

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.

The basics of bot trading in cryptocurrency

Understanding the basics of cryptocurrency trading bots

We explain cryptocurrency trading bots and bot trading. The goal will be to give you an introduction to automated crypto trading. [1]

NOTE: for the time being, this page will just cover “what trading bots are” so that those learning about cryptocurrency trading for the first time can get a sense of what bot trading means. Any trader watching the exchanges is going to notice small orders filling the order books and orders being placed inhumanly quickly and wonder how it is done: bots do it. For some tips on using bots, see our page on tips for bot trading for beginners.

What is a bot trading? What is an API? What is a trading bot?

What is bot trading? Bot trading is using software to automate trading. Bots talk to an exchange via an “API” and can place buy and sell orders for you. It is done in both cryptocurrency trading and other types of trading. It is fully legal and welcome on most cryptocurrency exchanges; however, only specific brokers outside of cryptocurrency allow it.

What is an API? An API, or application programming interface, is an interface for an application that allows it to send and receive specific types of data. For example, it can be a way for your bot to interface with the exchange to place buy and sell orders and to collect price and balance data.

What is a trading bot? A trading bot is a program that can execute trades for you on an online exchange based on parameters defined by the programmer or user. For example, a program that will buy when the RSI is of a cryptocurrency is low and sell when the RSI is high.

In summary: your program (for example your trading bot) the API (a part of an app, for example part of a cryptocurrency exchange), the bridge between your program and the app the app (for example a cryptocurrency exchange) receives commands via the API from your program and outputs data to be sent through the API to your program.

See an example: check out this article on automating a bollinger band strategy for an example of bot trading. That page has a free automated trading platform you can use to try it out yourself.

How trading bots work with cryptocurrency exchanges

Most cryptocurrency exchanges allow you to utilize an API to interact with the exchange.

This means they have an interface that lets you both pull data from the exchange and make specific changes to your account using a program.

Specifically, automated programs that make trades on an exchange using an exchange’s API are called “trading bots.”

Using a trading bot + API allows you to execute trades programmatically.

You can buy or create a program that executes a specific trading strategy that or someone else has defined.

Is using a trading bot legal?

Not only is using a trading bot legal, but it is often welcome; a thin market is bad for everyone, so the more buy and sell orders on the books, the better.

FACT: bot trading is fully legal in cryptocurrency and the stock market (although only certain brokers allow it). With that said, anything that would be illegal under normal circumstances is illegal in cryptocurrency trading. You would be unlikely to make or buy a spoof bot or pump and dump bot without expecting trouble; instead, you want to focus on (for example) making or buying a bot that follows indicators or works as a market maker.

Are trading bots profitable?

Trading bots aren’t inherently profitable. Instead, the success of a bot depends on several factors:

The accuracy of the software (the bot, the API, the app)… if something glitches, it can be bad.

The quality of your strategy (you need to tell the bot what strategy to follow; thus your bot is only as good as your programmed strategy and its execution).

Market factors (if a market crashes or spikes, or if you are trading in a thin market, bad trades can be made even if the bot and exchange are working as intended).

How you adjust your bot (or how your bot adjusts) to different market conditions (a strategy can make money in one market type, but lose money quickly in another).

The bottom line: A bot trading can be insanely useful in the 24/7 global market which is cryptocurrency, as no human can react to the market 24/7. However, there is a lot that can go wrong, and it takes a good chunk of time, experience, and knowledge to get to the point where you are using a trading bot confidently, with fail-safes built in, and with success. If you are starting out at square 1, tread very carefully and only give the bot access to small amounts of capital. There are some serious barriers to entry given the skill needed and costs. Thus, bot trading is not going to be the best choice for everyone. However, if you have TA down and your main problem is not being able to be at your computer 24/7, or if you find yourself needing features that aren’t native to exchanges (like trailing stops), then a trading bot might make sense for you.

Getting started bot trading

Below are some basic things to know when getting started with bot trading. This isn’t a step-by-step bot set-up guide, just a list of what you need to know to make your own choices.

As with cryptocurrency mining, there isn’t much information online geared toward bot trading beginners (although this has changed a bit over the years), and there are some barriers to entry. Barriers include the need to understand some basic coding with many bots, need to understand crypto trading with any bot that lets you customize it, and need to understand some technical analysis (TA) in most cases. If you have specific questions, you can ask me below.

Bot trading isn’t inherently profitable. In fact, you could lose money quickly if you don’t play your cards right. Many bots cost money, plus there are fees, plus a bad strategy for a given market and trading pair can result in a loss. Bots are very useful, but they also come with lots of complicated risks.

You can buy a trading bot, lease a trading bot, find a demo, use a free open source platform, or create your own trading bot. We won’t recommend any bots here since we want to do a full review on each bot first (that is in the works). A basic google search will tell show you that some popular bots and trading platforms for creating bots include haasbot, cryptohopper (affiliate link and free trial), gunbot, and gekko. Of those I’d recommend cryptohopper for a first timer due to it being easy to use and free to try out. You can click those links to get a sense of the different types of bots, and then do some research to see which if any are right for you. See this article from “medium, let’s write a cryptocurrency bot. (part 1)” for information on how to create your own bot.

Most bots and bot creation platforms allow backtesting and live testing. Logically you want to run tests before you start trading. Run tests. Run more tests. Run tests while your bot is live. Test the current market, a sideways market, an uptrend, a downtrend, and do this five times over. Realize that backtests don’t speak to future results. This step is vital!

You need to create an API key on the exchange you want to use to interface with the exchange. You’ll need to put your key and the related “secret” in the bot to access the API (some exchanges also require unique sets of information). Never share your secret (it is like your private key or password), and be very careful about which platform you go plugging your secret into (anyone who has that info can access your bot). If your bot platform gets hacked, or if your keys get stolen, then someone else will have access to your funds and can trade them (making bad trades). So security is really important here!

If an API allows you to make withdrawals, you’ll likely want to ensure withdrawals are turned off (this avoids the bot withdrawing from your account; then the worst it can do is make bad trades). Only very specific types of traders will need their bot to withdraw any funds from their account.

You need to have the bot running for it to trade, so your computer needs to be on and running, or you need another solution such as a cloud-based server. Since this is true, services like cryptohopper [for example] are a little more newbie friendly as they host the bot for you and thus you don’t need to keep your computer on. As a trade-off, you can’t customize a bot cryptohopper the way you can something like gekko (an open source customizable bot with its own limitations and hurdles).

Now for a a few tips: I suggest using stops and trailing stops if you bot trade. I suggest turning your bot off when needed (is the entire market crashing, no need to run a “strat” AKA strategy built for a bull market!). I suggest manually locking in profits or taking losses as needed. I suggest small buy-ins, especially to start. I suggest being very careful about what coins you play. I suggest testing strats on many charts before you go thinking you struck gold. I suggest using longer time frame candles until you get the hang of things. I suggest including a few failsafes if you can like “if below X disable selling, or if above Y disable buying” (i.E. Protect yourself from a flash crash). There are a ton of pitfalls and traps one can fall into with bots, if you jump in too quick you could get burned. So take your time and be methodical.

Hopefully, this bare-bones bit of bot trading information has helped to clue you into what bot trading is and how it works.

As our team works through the different bots, we will offer more articles geared at helping to provide beginners guidance on using bots.

Make sure to do your research and tread very carefully. There is a lot of room to go wrong [really, really, bots can go dreadfully wrong quickly], and again, we haven’t personally reviewed all the bots and platforms noted above.

Trade-offs: there are a lot of compromises you need to make when choosing a bot. If you program from scratch, you have tons of flexibility. If you choose a platform, you have to work within the confines of the platform. You also have to consider security.

Bottom line: put everything together, and you have a lot of trade-offs that you need to make and more than a few barriers to entry; you need a specific range of skills to make everything work. Still, if you work through all that and find the right bot for you, and it can be rewarding given the 24/7 cryptocurrency markets which demand you either miss some of the trading day, never sleep, or get a bot to execute your strategy for you.

Trailing stops and signals: one of the best things about bots is that they can do things exchanges don’t let you do. Trailing stops (or creeping stops) are one example of this. It can make sense to use a bot just for features like this even if you aren’t going to build or buy a strat to get buy / sell signals. Signals are another example. Without a bot you can join a signal group and then manually buy /sell when you get a buy / sell signal. With a bot that can integrate signals, you can automate that process. Add in automated stops and automated signals and you have a useful bot without much in the way of a strat. There are lots of reasons to automate trading. Bots can also be programmed to do things like arbitrage and accumulation. Sky is the limit, especially if you can program your own or find the right bot for you.

WARNING: crypto can be really volatile and overly simple lower time frame strategies are easy to exploit. The chances that you’ll make money using an out of the box MACD strategy on 1hr candles is low. In general if you want to go simple, use higher time frames.

WARNING: your bot won’t necessarily know if the price is very high or low. If there is a flash crash or sudden spike, your bot could end up buying way too high or selling way too low. If you are programming your bot, try to create measures against this. If you are using someone else’s platform or bot, see if they have some features to gaurd against this. The lower volume the coin / exchange you are trading on, the more this could be a problem. In general beginners will benefit from playing only higher volume pairs and keeping balances small to start.

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.

Top picks for trading bots in 2021

Understanding why you should consider using a trading bot?

Simply put, you should choose a bot to make trades because that is the only way you can consistently earn!

Making money from markets is really really difficult. 96% of retail traders lose money. After spending countless hours in front of charts trying to look for ‘good entry points’ I can vouch for this. The problem is magnified even further in crypto simply because there are 100’s of exchanges, 1000’s of crypto markets and each market is 24*7. Making sure that you are trading correctly is really hard!

Everyone is not meant to become a trader and everyone shouldn’t try it too. This is exactly why I believe that a vast majority of us should focus instead on investing and algos and bots are one of the best places to park your money.

What kind of bots exist?

There are broadly 2 categories of bots

These bots take trades because they think that the market is going to move in a particular direction. They take positions, both long and short, and try to beat the market over multiple market cycles. Naturally, the long term returns of these bots are much higher but at the same time, there are chances of losses. This is where risk management and profit-taking becomes very important.

Market neutral bots

These bots take short term trading decisions purely on the basis of how price movement is in the very short term. They aim for low stead returns but a lot of times are hit hard by fees.

Most bot platforms offer a mix of both. There is a large variety available in directional bots and most people

How do I pick what’s right for me?

There are 3 things that are important to consider before picking a bot to invest in.

Is the platform safe and reliable and easy to use?

Any platform might have great trading bots but what is more important than the bots is to see if the platform itself is good on not. It is important to consider things like:

Who owns the platform?

Do they have a community?

How long have they been around for?

Are bugs and user issues quickly resolved?

Surprisingly, even in 2020, the crypto market is filled with scams, inefficient, and painful to follow signal groups and doggy signal marketplaces. This is why judging the quality of the bot itself is also very important. Some points to look at before deciding to invest is

Transparency of information

Stable predictable returns

Past track record

Risk management

Low costs of fees relative to expected returns

3. What are you looking for?

This is perhaps the most important question. The key to investing successfully is not to make the highest returns but to get returns as per your expectations. There are 100s of crypto bots out. Some of them will give insane returns for a short period and will then take everything to 0. Other kinds of bots that will not do anything for months and then one fine day give you an amazing signal to enter. Yet another kind that will give you consistent low returns without any risk. So before you jump in you need to know

What is the risk you are willing to take and what returns you can get?

How long are you looking to invest?

What amount are you looking to put into these bots?

Top 10 crypto trading bots

While creating our ranking we looked 100’s of bot platforms and 1000’s of individual bots and created a simple scoring method based on 3 things:

Platform reliability: we gave each platform a score from 0 to 5, 5 being the best, based on who has built the platform, what kind of bots they support, how long they have been around etc.

Bot quality: each platform has its own USP. Some support only directional bots, other support only signal groups, etc. We created a rating from 0 to 5 based on the quality and diversity of bots available so that you can find a bot always

Ease of use: using platforms is non-trivial. Some of them are really complicated, while others have a simple 1 click investment setup. We ranked every platform from 0–5, 5 for the best, on how easy was it to get started.

Before we jump into the rankings, here is a discount

Get 25$ credit which you can use for fees when you join mudrex

#1. Mudrex: smart crypto investments on autopilot

Y-combinator backed mudrex outshines everyone else in the list!

Mudrex makes investing in crypto bots as simple as investing in a mutual fund. They are very transparent about their info, have a wide variety of bots based on our risk appetite and a pricing model that is by far the best we have seen.

Mudrex has over 7000 users and over 400 mn USD traded on it. They are backed by well known vcs and angel investors and have a very active and engagged community. They are connected with 8 of the top exchanges and are some of the very few on this list who are able to support US customers as well.

Mudrex does not build its own bot but instead has a curated marketplace of bots created by pro traders. The best part about the platform is that all info regarding the performance of a bot is public and easy for users to understand.

If you were looking for a platform using which you can invest your crypto, then mudrex might just be it!

You can also read an in-depth review about mudrex here.

#2. 3commas: smart trading terminal and auto trading bots

3commas is one of the most famous crypto trading bots. I put it on the #2 on the list because the UI is more for a professional trader. As their users become more and more professional, they turn their product development for pro users.

3commas has over 33,000 active users. The platform is accessible via desktop or mobile app and provides a dashboard linked to leading crypto exchanges. Users can execute their trades using the platform’s smarttrade terminal, which lets users set trailing stop loss and take profit targets.

#3. 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 crypto trading bot; it’s always nice to know the performance upon history data before using your money with the crypto trading bot. Another platform that has this support is mudrex. They have one of the best backtesting setup apart from quadency.

#4. Cryptohopper — world-class automated crypto trading bot

Cryptohopper is a paid crypto trading bot. But before jumping into the paid membership, you have a free trial for 7 days in cryptohopper.

One of the well-known trading bots on cryptohopper is the market-making bot. It’s similar to the grid bot in pionex, but it’s more focused on profit from the spread on the order book.

#5. Haasonline — the most advanced automated crypto trade bots

Haasonline is a powerful automated crypto asset trading platform. Unlike most platforms, which are cloud-based, the haasonline trade server (HTS) must be downloaded and installed on the user’s computer. The platform is designed to run on windows but it also works on macos and linux. To download and install a company’s crypto trading platform requires a high level of trust.

#6. Pionex — crypto trading bot within the exchange

Pionex is the exchange with the in-built crypto trading bot. It’s one of the best trading bot platforms for cryptocurrency I’ve ever seen since 2017. It aggregates the liquidity from binance and huobi, and provide a free trading bot upon it. Pionex offers bots designed specifically for grid trading which is a pseudo market neutral trading strategy.

Pionex is safe and has been granted the MAS and MBS licenses from singapore, and U.S. Pionex is the first crypto trading bot on my list.

#7. Zignaly — one crypto trading platform for everybody

Zignaly is a tool for cryptocurrency day traders who want to automate their trading strategies. Make your strategies on tradingview outsource it zignaly to trade for you on five major crypto exchanges such as binance, bittrex, poloniex, kucoin, bitmex.

Zignaly provides its real-time data to the public on its website. According to their data, they’re small to mid-size in the crypto trading bot industry.

You can choose from different plans in zignaly, which they built for a different level of traders.

#8. Coinrule — trade while you sleep

Coinrule is the ultimate crypto trading platform for beginners. The “if-this-then-that” rule logic allows even less advanced traders to build their trading strategy in a minute. The user-friendly interface guides users in building the trading bot step-by-step.

The template library includes over 150 pre-set rules that help beginners running the trading system that suits their needs. The platform allows different trading strategies, including stop loss, take profit, and integrates the main technical indicators. The list of trading strategies that coinrule allows is limitless and the company posts regularly new ideas in the knowledge base of the platform.

Coinrule would have rated higher but a lot of the features they provide are better implemented by mudrex.

#9. Tradesanta — automated crypto trading made simple

You can use tradesanta on eight main exchanges, binance, bittrex, hitbtc, bitfinex to help you trade simultaneously on them.

You’ll need to pay from $14 to $70 per month according to your package.

One of the features I’ve tried with tradesanta trading bot is the grid bot. Pionex, bitsgap and bituniverse have already provided the same feature for free, so if you’re here for grid bot, I don’t see it necessary to purchase the package.

#10. Bitsgap — automated crypto trading

Bitsgap is best known for its unique automated trading bots. Thousands of traders with different experience and skill sets are using bitsgap on a daily basis to maximize returns by automating their trading.

The algorithm implemented by bitsgap is based on a simple and effective technique, called GRID. It distributes investment proportionally within a trading range predefined by a trader. This is similar to the setup pionex and tradesanta provides.

Disclaimer: content sourced from edul patel blog. This is not financial advice. The article does not promote/demote any company/bot. Opinions, statements, estimates and projections in this message or other media are solely those of the individual author(s).

5 best cryptocurrency trading bots to use on binance exchange in 2020

So, what exactly are these trading bots?

A crypto trading bot will essentially examine market actions, including volume, orders, price, and time, but they can normally be programmed to fit individual portfolio management preferences.

Many trading bots have been developed with different algorithms, some built explicitly for the binance exchange, while some are made to suit the entire market, with different strategies.

This extract will look at some of the popular and publicly-available bots you can use to trade on binance in 2020.

1. Shrimpy

Shrimpy is the most straightforward yet powerful cryptocurrency portfolio management application currently working with binance exchange.

Unlike other trading bots, shrimpy emphases massively the rebalancing method, where users can easily expand their portfolio as they can automatically buy low and sell high.

The bot also allows you to automate your crypto portfolio in under 5 minutes by signing up, plugging in exchange API keys, selecting assets, and entering a rebalance period.

Performance tracking on the platform allows you to track all your digital assets’ portfolio performance in one place with the software’s unified dashboard.

How shrimpy works

Shrimpy works by observing a trader’s set crypto allocations and rebalancing it over time, so the percentage of all allocations stays consistently spread across the portfolio.

When the value of a certain crypto asset goes up, the bot proceeds to take the profit gained with that coin and puts them into a coin that has gone down.

Once the lagging coin finally catches up, the lower performing coin returns are then put into a new lagging coin, and the whole process is repeated automatically.

2. Haasbot

Haasbot is arguably the most advanced automated trading software solutions currently available than others, doing much of the work with relatively minimal input required from the user.

The software offers multiple exchange support, which utilizes multiple exchanges to allow haasbots to keep BTC trades going even when your main exchange goes down.

Moreover, the bot allows users to conduct technical analysis, execute manual trades, and watch multiple markets, all from our market view.

Haasbots aren’t only for bitcoin; they can trade any crypto altcoin pair that binance or other authorized exchanges support.

In short, the platform offers automated trading that allows you to trade 24 hours a day, seven days a week, and 365 days a year when you automate your crypto trading strategy with haasbots.

3. Margin

Margin [margin.De] is easy to use an algorithmic trading tool built with a powerful trading terminal that supports binance exchange.

The bot currently supports not only binance but also a host of other top exchanges such as bitstamp, poloniex, bitfinex, and okcoin, with other additions already in the pipeline.

The software implements two automated trading strategies to help traders maximize profitability from their crypto trading.

Secondly, the ping pong trading strategy allows you to set rigid numbers as you buy/sell prices, leaving the software to do its work from there.

The possible earnings will be instantly displayed on a graph, excluding any applicable exchange fees.

4. 3commas

The automated crypto trading platform features a smarttrade terminal that allows users to execute orders and trades, set bot-trading, and stop-loss/profit positions.

5. Crypto world evolution

CWE has real-time tracking of trades for more profitable and seamless trading, giving you 24/7 efficient monitoring of trades from anywhere you are.

Conclusion

Crypto trading is an effective way to make some passive revenue even during a bear market.

As aforementioned, each crypto trading bot usually possesses its own features and interface adapted to different types of crypto traders’ expectations and expertise.

Best free bitcoin cryptocurrency trading bots 2020

Written by nidhi sharma | jan 11, 2020

In the last few years, there has been an increasing interest in bitcoin trading bots. Nowadays, everyone wants to make money with cryptocurrency without many efforts and becomes a perfect choice for users.

It is an electronic trade and a method to identify the trades to various users to execute the cryptocurrency trading in the digital currency global market. The best crypto trading bot is well- designed software that has been designed to analyze the cryptocurrency market trending data. Some free bitcoin trading bots are available on the market that increases the thinking of delightful programming it is specifically designed to analyze crypto market trading data accurately. The software will analyze the market trade automatically and provide you with the best bitcoin trading bots.

What are cryptocurrency trading bots?

At the present time, everyone is aware of cryptocurrency, but some people are not aware of how to invest or trade bitcoin in the global market? It is a major problem for all people. Don’t worry!! The digital currency trading bot provides you with all, the concept of the bitcoin trading where you can clarify all doubts with trading bot services because they are very usable, qualitative, and profitable. According to the cryptocurrency trading world, it offers to open 9-10 bitcoin trade simultaneously, which generates API service to buy and sell the process to users. It means you can use this process in cryptocurrency trading and another trading. So hither, we provide you with the best crypto trading bots that are welcome and allow for every user in cryptocurrency exchange services.

Top 7 best free bitcoin crypto trading bots in 2020

There are N numbers of the best trading bots available in the market today that can be quite a difficult task to determine which bots work best. Each trading bot software has its own advantages and disadvantages depending on what you are looking for exactly.

1. Gekko trading bot

Amazing!! It’s an entirely free and open-source unique trading bot service around the world. Alternatively, it’s a programmable service that allows users or traders to perform a bitcoin trading strategy on the gekko trading bot platform. While the trader uses this platform service, it’s grossing the live price value of bitcoin, determining the indicators, producing live trading orders and backtesting of cryptocurrency trading policies on the user-friendly web interface.

By the way, the gekko trading services are available for a limited time, but this platform service is those new to the bitcoin trading market, which is wanting to make different trading strategies because of its support and maintain 18 various exchange services of bitcoin. This is the biggest reason that gekko trading bot trustworthy and gives valuable and simple optimization services.

2. Crypto hopper trader

It is a cloud-based trading business bot service that allows any time, anywhere in the world whether your computer or mobile is turned off. In this, a well professional and experienced trader person manages the trading business with the help of a manual approach of multiple technical pointers, and sometimes it involves embedded signals. Furthermore, it allows bitcoin to trade from the trusted and execution position, which is permitted by the third-party authenticator. It offers blacklisting, backtesting, and trading possibilities to trade in various exchange services. It’s a free bitcoin trading bot service with a one-month free trial version, after which you can purchase the paid version of this platform service.

3. Crypto trader

The services of a crypto trader are similar to crypto hopper we can say that it is a cloud-based trading bot service, but a comparison with crypto hopper is a cloud-based service that gives the instant service result and solution of trading. It allows users to trade their own bitcoin cryptocurrency exchange bots that are arranged on this platform. Alternatively, it’s opening a virtual trading market online, where the trader invests the bitcoin as well as buy and sell bitcoin. Because it is the best strategic marketplace trading platform.

4. Haasbot trader

Haasbot is a most popular trading bot service at present that defines the bot service chart recognition, which provides the candlestick trading pattern and develops an advanced feature of crypto trading strategies. They offer you with impressive design along with a user-friendly interface. These heavy-hitting trading tools work for people to grasp all the information related to what they are doing. Haasbot is the oldest free bitcoin trading bot solution available today. This cloud-based infrastructure supports all popular exchanges and offers a built-in trading strategy that can help the user to make a considerable amount of money.

5. Gunbot trader

The gunbot trading platform is a wide range of exchange services, which is specially designed for a beginner trader and advance professional traders. On this platform, the user can use the greatest trader summation with the support exchange service on this platform ( cryptopia, CEX.Io, cryptopia, bittrex, binance, poloniex, and gdax) along with this exchange range.

6. Zenbot trader

The significant thing about the zenbot platform is that it is a free service that you can download freely with the help of the internet, github, and many more. Furthermore, anyone can change or modify this platform development code, to a trading purpose of upgrading them. It is the first platform that supports multiple digital assets and is used to best trading start. It is the best independent trading platform that supports numerous trading assets at one time, maintaining the significant business of exchangeable bitcoin services in the world.

7.BTC robot

It is among the first bitcoin trading bots in the industry. This trading bot is easy to install, as well as easy to use. It can be downloaded on the major operating systems, but it also comes at varying prices for each platform. The BTC robot comes with a 60 day trial period with the flexibility of a refund. It is seen that users have to pay more for macos rather than window OS.

Final words

Cryptocurrency has been quite unpredictable since the beginning. Bitcoin crypto trading bot can be an extremely useful tool for traders in the future. It is challenging to understand the concept of cryptocurrency development; thus, one has to know about the timing and do the proper research on market trends to become successful in cryptocurrency trading. But it is useful for those who are interested in it. It might be confusing for freshers, but soon they grasp things quite easily. Do some research, read reviews and articles and at last, do not forget to analyze before using it as it empowers you with the knowledge that can be proven beneficial in the future while choosing trading bots.

Nidhi sharma

Holding years of rich experience in content writing on different niches and exploring ways to learn more. Majorly talks about traveling, games, software, mobile app development, lifestyle and attempts to spread knowledge about the latest trends and technologies.

So, let's see, what we have: want to know the best bitcoin trading bots? We've done the research so you don't have to. Check out the top bots here. At crypto currency trading bots