The Best Automated Cryptocurrency Trading Bots in the Market
The cryptocurrency market continues to expand every day. New projects are coming up, such as decentralized finance, and they are all changing the financial sector for the better. A new class of entrepreneurs, cryptocurrency traders, has eventually come, and with the growing value of Bitcoin and ETH, it surely qualifies to list among the most profitable ventures. Based on the daily charts, many people are trading and earning huge chunks of money.
However, the industry still faces high volatility, which is especially scary for new investors, but it’s not time to give up yet. Whether you are a newbie or an intermediate trader, trading bots can be your road to success.
A trading bot is a software program designed to analyze the cryptocurrency trading data on exchanges and is customizable to trade automatically based on user preferences.
Today, there are many trading bots available. Most of them are available at a fee, although there still are free trading bots. We bring you together eight of the best cryptocurrency trading bots in the crypto market.
If you are a crypto trading enthusiast with little or no technical background, 3Commas is the trading bot for you. 3Commas is a web-based platform that is accessible on any device connected to the internet.
It provides users with a variety of trading bots for a variety of trading strategies, including stop-loss, trailing stop loss, take profit, and trailing take profit. Users can also customize their trading strategies or engage in smart trading. Social trading is also available, where the bots mimic professional traders.
It comes with an amazing UI/UX, supporting customization of trading strategies using market indicators and sliders. However, 3Commas only supports integration with top-performing exchanges, ensuring that its APIs are always running at peak performance.
The bot is flexible and secures investments with its select withdrawal permission feature. Users have a 24/7 support service in English and Russian and active social platforms.
The platforms supported at present include OKEx, Poloniex, HitBTC, Yobit, Bittrex, Bitstamp, Huobi, Cex, Binance, KuCoin, Bitfinex, and Coinbase Pro.
3Commas is available at different package plans, including a free trial, a $14 starter pack, a $24 advanced package, and a $49 pro package, all monthly.
Quadency is a cryptocurrency trading platform that provides institutional and retail users with a smart and automated solution for trading and managing their crypto holdings. The platform carries some excellent features, including one of the best cryptocurrency trading bot features, backtesting, that allows users to know about past performances.
It provides an advanced TradingView chart with more than 100 indicators and allows easy customization of bots, making it perfect for both professionals and beginners.
Quadency provides multiple bots for free and currently available on Binance, KuCoin, Bittrex, OKEX Liquid, Gemini, Poloniex, Kraken, Bitfinex, and Coinbase.
Shrimpy is a cryptocurrency trading bot founded in 2018 by Mathew Wesley and Michael McCarty. The two are blockchain technology and software development experts. So they managed to develop a solid platform for portfolio management, social trading, automated rebalancing, and crypto index funds, among other features.
Shrimpy creates an excellent crypto trading environment, providing simple market indices, exchange tracking, and crypto trading strategy backtesting. Traders only need to identify the popular crypto trading platforms, set up their Shrimpy trading bot, and then connect it to the exchange.
The co-founders created the platform with user security in mind. The API keys are encrypted and stored using validated hardware security modules. Further, the platform only reads data and executes trades, so traders’ funds are never moved from the exchange.
Shrimpy is available on sixteen exchanges, including KuCoin, OKEx, Bittrex, Coinbase Pro, Bibox, HitBTC, Kraken, Bitfinex, Poloniex, Gemini, Binance, BitMart, Huobi Global, Bitstamp, and Bittrex Global.
The bot is available at a professional package plan costing $19 monthly. However, the fee reduces to $16 and $13 when paid bi-annually and annually, respectively.
Pionex is one of the world’s best exchanges with 12 in-build trading bots, and notably the first to introduce GRID Bot in the crypto space. It aggregates between 50% and 60% of orders from supported exchanges since there is still the risk of fake orders on exchange platforms. However, Pionex is licensed by the United States and Singapore as safe to use.
It features the 12 trading bots that retailers can use at a 0.05% trading fees for makers and takers. Its Grid Bot provides users with the most advantage of 5X leverage and buying low and sell high within a specified range.
The trading bot is free and available on Huobi global, Binance, and Pionex.
Bitsgap is an all-in-one trading and portfolio management platform that integrates automated trading bots. The bots follow the GRID technique that distributes their investments proportionately based on their specifications. For instance, the bot will execute a sell order once a buy order is complete. It will set the price above the buying price and do the opposite after completing the sell order.
It features Bitcoin trading software that allows users to earn the maximum returns, trading charts, and test settings. Users do not necessarily have to download it to use, but it costs $19 a month. It is available for a variety of exchanges, including Binance, Huobi, Gemini, Bithumb, Livecoin, BigOne, Coinbene, Bitfinex, KuCoin, DDEX, OKEX, Exmo, Coinex, Bibox, Bittrex, Yobit, Bit-Z, HitBTC, Gate.io,
Zignaly is a cloud-based trading bot that launched in 2018. It comes with a high level of freedom, having no limits on the coins tradable on the bot, plus it is easy to use and upholds transparency of communication. Users have access to buy or sell crypto signals from popular signal providers like Crypto Quality Signals and Mining Hamster, plus they can send TradingView signals by setting recommendations or following indicators. The Zignaly community enjoys automatic trading along with a stop loss feature.
Currently, Zignaly only supports Binance and KuCoin, although the development team has plans to include Poloniex, Bittrex, and CoinBase.
The bot is available at a monthly fee of $15.99, but new users enjoy a 30-day free trial period.
Napbots is a cloud-based platform designed by the Napoleon Group. The French group prides itself in ten years of creating high-performance trading bots, and therefore, presents a platform that helps every user trade like a pro.
It is supportive of all levels of traders, and users can deactivate features they do not need. Hourly strategies are also available for high-frequency trading. Users only need to connect the bots using APIs and allow exchanges to trade.
Subscribers can build a portfolio of strategies and manage them by choosing from the in-house strategies for trade automation. Currently, Napbots is available on Bitstamp, Bitmex, Binance, Bitpanda, OKEX, Kraken, and Bitfinex.
It comes in three different subscriptions ranging from 7 euros to 99 euros a month.
If you want a crypto trading bot that can work in over 100 exchanges, then Gunbot is what you need. Gunbot launched in 2016 and could only work on Poloniex and a few other exchanges. It provides users with over a dozen pre-coded strategies, and users can choose one or a combination of customizable strategies.
It has an excellent TradingView feature that lets users send the bot trading alerts even when set in automatic mode. It also provides its community of users with updates for free.
However, users have to download it to use, but it perfectly works on Windows, Linux, and Mac.
Supported exchanges include Coinex, Kraken, Bittrex, Bitmex Testnet, Coinbase Pro, KuCoin, Huobi Global, Binance, Bithumb, Binance US, Bitfinex, OKCoin, Poloniex, Cex, HitBTC, OKEX,
Gunbot is available in three package plans ranging from 0.1 BTC to 0.3 BTC.
Although it’s not practical to replace a human crypto trader with a trading bot, bots can significantly impact your returns when used correctly. Today, there are more trading bots than ever before, and each of them comes with different tools and capabilities. Most traders have their preferences, so the bot that suits your trading partner may not be the one that works for you. Serious traders need to do some research and see the bots offering strategies that align with their requirements. You can gather some useful tips from our researched list in this article.