If so, you’ve come to the right place.
Fact: Cryptocurrencies are exceptionally volatile and can change price direction in a matter of seconds. While volatility is a typical investor’s nightmare, at the same time, it’s a day trader’s paradise.
Think trading stocks, but better. Why? Low commissions, markets open 24/7, simpler charts, more accessibility and hundreds of assets to choose from.
Making profits from the highly volatile cryptocurrency market is all possible for anyone with skill, patience and discipline.
The thing is, when it comes to day trading, human traders can never outperform robot traders.
According to Bloomberg, as high as 80% of total transaction volumes on Bitcoin trading exchanges consist of bots.
Whether you choose to use a crypto bot or not, chances are you’re already trading against automated traders.
So why not arming yourself with cutting-edge technology? To set up your computer to trade automatically for you 24 hours a day, seven days a week?
With hundreds of trading bots out there, finding the best ones can be an extremely time consuming process.
Due to that, I’ve done some thorough research and turned over a fair few digital rocks to showcase these crypto tools and bots for you.
This guide reveals my findings.
But, as they say, you gotta crawl before you can walk. Let’s cover the basics of crypto trading bot first.
| Crypto Bots | Bitsgap | Coinrule | 3Commas | Cryptohopper | Haasonline | Quadency | Zignaly |
|---|---|---|---|---|---|---|---|
| Cloud Based | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Backtesting | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Paper Trading | ✓ | ✓ | ✓ | ✓ | ✓ | x | ✓ |
| Trading Signals | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Social Trading | x | ✓ | ✓ | ✓ | x | x | ✓ |
| Arbitrage Bot | ✓ | ✓ | x | ✓ | ✓ | ✓ | ✓ |
| Mobile App | x | ✓ | ✓ | ✓ | x | x | x |
| Supported exchanges | 25 | 24 | 23 | 13 | 24 | 13 | 3 |
| Free Trial | 7-day Free Trial | Start a Free Forever Account | 3-day Free Trial | 7-day Free Trial | 2-week Discounted Trial | FREE | FREE |
What is a Crypto Trading Bot?
Crypto trading bot is an autonomous software program that helps you to execute trading decisions based on a predetermined set of rules.
If you’ve been trading for some time, you’d know that day trading involves lots of mundane, repetitive tasks.
With a crypto trading bot, you can automate your trading so that you don’t have to stare at your computer screen all day long.
A trading bot is like your crypto market personal assistant.
You only need to understand the basics of trading, set up the strategies, use a bot and then everything is fully automated. Your bot will automatically execute winning trade on your behalf.
How does crypto trading bot works?
You won’t need any coding skills to use a crypto trading bot. All you need to do is connect a trading bot with your cryptocurrency exchanges via an API.
Once you enable your trading bot, it will have access to your exchange account information.
Simply set the parameters of your trading strategy, and your bot will automatically monitor, enter and exit trades. Most of the crypto bot platforms also give you access to advanced trading tools as well as the ability to manage numerous crypto exchanges all in one place.
Benefit of using a crypto trading bot
No matter how often you trade, trading bots can help you out in many ways:
1. Save time
Take your time back, let the software do the hard work for you. Instead of manually place trades, bots can execute trades automatically, day or night. It’ll save you tremendous amount of time and energy.
2. Take emotion out of trading
Human are emotional creatures. We are prone to making mistakes and biased decisions under stressful trading events, but bots don’t.
We’ve all been there, it’s hard to resist the emotional temptation to not to sell your cryptocurrency when you’re seeing the price goes through the roof. But panic selling and buying can easily turn a profitable trade into a loss.
On the other hand, a bot can act without emotion.
A rules-based, crypto bot trading strategy can help protect you from your worst enemy – YOU!
Your bot trader removes all the emotions, buy and sell trades at every given opportunity based on preset commands.
3. Maximize profits
Besides executing trades, your bot traders never stop hunting the crypto market for profit-making opportunity 24/7. It can identify new opportunities and analyse trends with a wide range of indicators.
Depending on your strategy, you could make money in both bull and bear markets.
4. Manage your crypto exchange accounts all in one place
What’s more, you don’t have to log into every exchange account.
With crypto trading bots, you can connect all your crypto exchange accounts such as Binance via API (application programming interface). This way, you can manage your crypto accounts, portfolios, perform trades and more, within a single platform.
5. Improve your trading strategies
All the trading bots offer free trial or demo account. Allowing you to simulate your trading without risk of losing money. Make sure you spend some time to get yourself familiar with the features and interfaces. Practise new strategies, backtest your bot, and keep tweaking until it’s effective.
Are crypto trading bots profitable?
It’s important to know that trading bot can’t work without you, a trader.
And it is only as good as its master.
You have to set all the parameters including entry prices, exit prices, stop-loss etc. And a bot can do all the other activities on its own.
A bot won’t replace you, they won’t automatically place orders without your instructions.
But it can execute multiple real-time trades simultaneously and remove manual execution, saving valuable time.
If you’re trying to get rich quick by trading, then a crypto bot is not for you.
If you’re looking to trade passively and eager to learn, then a trading bot can be a highly beneficial investment.
So whether a crypto bot is profitable—will depend largely on your strategy.
When it comes to choosing the best crypto trading tools, here are few important features to look for:
- Free trial – Test out each feature for free.
- Crypto Trading signals – Help you more informed decision whether to buy or sell coins.
- Social trading -Copy successful strategies of other traders
- Backtesting – Test all your strategies using past data with zero risk.
- Paper trading – Practice buying and selling without risking real money via a simulated trade.
- Mobile app – Manage your crypto assets and trades on the go.
- Supported exchanges – Connect to your favorite crypto exchanges
- Cloud based or server based – Most crypto bots are cloud-based, giving you the convenience of automated trades without the need of keeping your computer running at all times
- Interface – easy to use and navigate
Time to slice into the meat and potatoes of this blog post, the list of top crypto trading bots.
Let’s get started.
Best Bitcoin And Crypto Trading Bots for Automated Trading
1. Coinrule -The Easy Way to Automate Your Crypto Trading
Coinrule is an automated trading platform that allows you to create custom trading rules.
These rules can be based on technical indicators, price action, or any other criteria you choose. Once you’ve created your rules, Coinrule will automatically execute trades based on those rules.
This means that you can automate your trading and let Coinrule do the work for you. This frees up your time so you can focus on other things, such as research or portfolio management.
Coinrule is easy to use, even for beginners. The platform has a drag-and-drop interface that makes it simple to create trading rules. There are also a variety of pre-built strategies that you can use as a starting point.
This way, you can easily build automated trading strategies visually, without needing to write any code.
Key features:
- Offer a free forever plan
- Manage multiple cryptocurrency exchanges
- Automate multiple portfolios
- Intuitive bot builder
- Backtesting
- Inbuilt maket indicators
- Dollar-cost averaging (DCA) – periodically deposited into an exchange account or portfolio without manually trading the funds into the portfolio.
- Portfolio stop-loss
- Paper trading
- Free mobile app
Supported exchanges
Binance, Coinbase, Kucoin, Kraken, OKX, BitPanda, Uniswap, Huobi, ByBit, BitMEX, Liquid, Poloniex
Pricing
Getting started with Coinrule is super quick and they have great tutorials and support docs for beginners.
Coinrule offers a free forever plan, allowing you to connect one exchange and manage up to $3k/m Trade Volume.
Paid plans starting from $29/month for advanced features.
If you’re new to crypto bots, I highly recommend giving Coinrule a try!
It’s the easiest way to put your crypto portfolio on auto-pilot and take the emotion out of trading.
Bitsgap is one of the best auto software for crypto trading.
It offers a smarter way to easily manage your portfolio, discover best rate and automate your trading on multiple crypto exchanges in one place anywhere and anytime.
With Bitsgap, you can
- Trade and instantly switch between exchanges
- Quickly compare rates from all the market
- Keep track of your investments in Portfolio
- Set Stop Loss / Take Profit orders
- Exploit the price difference between exchanges with Arbitrage
And most importantly, you can start making a profit from every market move with fully automated trading bots.
There are many different types of trading strategies that you can choose from such as GRID trading bots, DCA trading bots and Futures trading bot.
It only takes a few minutes to set up your first trading robots. After that, Bitsgap takes over and does everything else. Your orders will be executed, even if you’re offline.
Once you sign up for Bitsgap, you will also get a Demo trading account. With the Demo account, you can learn and sharpen your trading skills in a risk-free environment. Use it to test your strategies before investing real money.
Key Features:
- Fully automatic portfolion
- Cloud trading 24x7x365
- Over 175 TradingView indicators
- Pre-made trading bot strategies
- Smart trading across 25 crypto exchanges in one place
- Dollar-cost averaging (DCA) bot
- GRID bot
- Futures bot
- Demo trading – test your strategies without risking real money
- Take Profit, Stop Loss and price Trailing features.
- Backtesting
- Advanced risk management tools
- Multilingual support
Supported Exchanges
Binance, Binance US, Kucoin, OKX, FTX, Bitfinex, Bithumb, Bittrex, Bybit, Coinbase Pro, Exmo, Gate.Io, Gemini, HitBTC, Huobi, Kraken, Liquid, Poloniex
Pricing
If you’re looking to get the most off your crypto trading, I’d suggest taking a test drive with their 7-day trial. You get access to all features of the Pro subscription plan including 20 active bots with Trailing Up, Trailing Down, and Take-Profit features.
Paid plans starting at $29/mo, which gives you unlimited smart orders, 2 active GRID bots and 10 active DCA bots.
Maximize your crypto return 24/7 on both rising and falling markets with Bitsgap.
3. 3Commas
Launched in 2017, 3Commas is a popular crypto trading bot that gives you the ability to automate your trading strategy through their easy-to-use web interface.
If you’re new to crypto trading, try paper trading. It’s a simulation that gives you a virtual deposit in which you can use it to trade and experiment without risking your funds.
For an experienced trader, you can increase your profits with their trailing stop feature. This tool is especially helpful during crypto bull run as no one knows the best exit price. The trailing stop will help you capture as much of the rise as possible by keeping your position open. But once the price reverses, your position will automatically be closed to reap maximum profits.
What’s great, you can also copy ideas from other traders. Or customize your bots using dollar cost averaging (DCA)
3Commas also supports 23 crypto exchanges. Simply connect to your favorite cryptocurrency exchanges, run trading bots, review your portfolio, control deals and more, all within a single platform.
Key features:
- DCA bots
- trading signals
- secure connection via public API keys
- Trading View integration
- Advance trading terminal
- Free mobile app
- Paper trading
- Trailing Options for Take Profit / Take Loss
- Manual trading
Supported Exchanges
Binance, FTX, Bybit, Bitmex, Deribit, Bittrex, Binance DEX, Binance US, Bitfinex, Bitstamp, CEX, Coinbase Pro, Exmo, Gate IO, HitBTC, Huobi, Kraken, Kucoin, Okex, Poloniex, Yobit
Pricing
Although there’s no free version of 3Commas, you can take advantage of their 3-day free trial to test out all their Pro features.
Plans start from $14.50 when billed yearly for basic features. Higher plans unlock extra features such as GRID Bot, options bot, and multi pair DCA bots.
Cryptohopper is a reliable cryptocurrency trading bot that helps traders make money with less personal involvement.
One notable feature of Cryptohopper is exchange and market arbitrage. While there are a number of ways to profit from crypto, but making profits from price differences between crypto exchanges is most likely the fastest and lowest-risk.
Cryptohopper’s Arbitrage tool allows you easily connect all your crypto exchange accounts and automatically search for Arbitrage opportunities. Most importantly, you can Arbitrage trade between them all without needing to withdraw or move funds from one exchange to the other!
On top of that, you can also copy trading styles of pro-traders, discuss trading strategies using their internal chat, and buy strategies and bot templates from marketplace.
If you’re not ready to use your hard-earned money, the Paper Trading account allows you to trade on Cryptohopper without owning any cryptocurrencies or an exchange account. You can learn from the experts, practice trading and test your strategies without losing any dollar.
Key features:
- Manage all your exchange accounts in one place
- Social trading
- Paper trading
- Backtesting
- Trailing stop-loss
- Exchange Abitrage
- Free mobile wallet
Supported Exchanges
HitBTC, OKEx, Bitpanda Pro, KuCoin, Bitvavo, Binance, Binance.us, Coinbase Pro, Bittrex, Poloniex, Bitfinex, Huobi Pro, Kraken
Pricing
There is a free forever plan with limited but useful functionality. If you want to get the most out of Cryptohopper bots, I’d suggest taking a test drive with their 7-day free trial. Paid plans start at $19/month.
Founded in 2014, Haasonline is one of the oldest and most popular Bitcoin & crypto automated trading bots for beginners and advanced traders alike. Started out as a server based platform, recently they just added a cloud based option to allow users quickly start trading with no installation.
It works with major crypto exchanges including Binance, Bittrex, BitFinex, Huobi and Coinbase Pro.
What makes Haasonline stands out is that it offers a wide variety of bots such as Accumulation Bot, Advanced Index Bot, Email Bot, Mad Hatter Bot, Order Bot, Arbitrage Bot and more to increase profits for traders of all levels.
It’s very easy to use. Simply drag-and-drop to create your own crypto algorithms. Each automated bots serves different purposes. For instance, Accumulation Bot helps you automatically acquire coins of choice, Flash Crash Bot protect you against the next big crash and more.
Start leveraging the power of pre-built HaasBot, so you can let them trade around your schedule, 24/7 across multiple exchanges.
Supported Exchanges
Binance, Binance Futures, Binance.us, Bitfinex, BitMex, BitPanda Pro, Bitstamp, Bittrex, ByBit, CEX.io, COinbase Pro, Deribit, FTX, Gemini, HitBTC, Huobi, Ionomy, Kraken, Kraken Futures, Kucoin, OKCoin, OKEX, OKEX Futures, Poloniex
Pricing
As a true believer in cryptocurrencies, Haasonline only accept Bitcoin as a form of payment.
They have three packages, prices vary depending on license length and type:
- Beginner Plan: from 0.01BTC
- Simple Plan: from 0.017 BTC
- Advanced Plan: from 0.028 BTC
While Haasonline doesn’t offer a completely free trial, you can try out all their advanced features for two weeks at a discount.
Quadency is a crypto trading automation platform that allows you trade on multiple exchanges and over 3500 trading pairs from one professional platform.
Quadency offer 11 different types of bot to help you automate a trading strategy.
What’s great about Quadency is that they offer a number of pre-built strategies that are ready to use.
Every trading strategy consists of a set of parameters which you can further customize to suit your risk tolerance and preference.
With the built-in backtesting engine, you can easily simulate the strategies, see how it works in different market conditions, tweak the parameters accordingly to craft your own winning bot.
Some of the popular bots you can use are:
- Accumulator – for DCA investment strategy
- Market maker
- Bollinger Bands
- MACD
- Mean reversion
- Multi-level RSI
Supported Exchanges
Binance, Bittrex, Kraken, Kucoin, Liquid, OKEX, Binance.us, Bitfinex, Coinbase Pro, Gemini, HitBTC, Poloniex
Pricing
Quadency offers a lifetime free account for you to try out all the available bots. Paid plans start at $39/month with a monthly trading limit of $500,000.
At present, Quadency has several partner offers that allow you to get the Pro upgrade for absolutely free. Start by linking selected crypto exchanges like Binance, Kucoin and Liquid to activate the free Pro upgrade.
Zignaly is a young yet highly promising crypto trading bot platforms that simplifies the complex aspects of trading in an autonomous manner.
One unique feature of Zignaly is its crypto signals. You can connect with your preferred signals providers, set your own rules as well as use Zignal signals to automate your trades.
They also offer a Paper trading account where you can try all the features before putting your real money. Once you gain confidence, you can use advanced features like Trailing Stop Loss, Autoclose, DCA ReBuy, etc., to take your trading to the next level.
Interestingly, Zignaly is a remarkably powerful tool that goes beyond trading bots. It also offers trading terminal and copy trading.
You can replicate expert trader activities automatically on your account. You get the same trades, at the same price as pro crypto traders.
Zignaly is cloud-based, so you can start using it right away online without needing to set up your own server.
Supported Exchanges
Binance, KuCoin, BitMex and more exchange trading platforms are coming soon…
Pricing
The best part? Zignaly is 100% free to use. This free account allows you to manage unlimited exchange accounts, unlimited coin pairs, unlimited positions with priority support.
It’s perfect for those who have a tight budget.
Is crypto trading bot safe?
Yes.
A crypto bot is not an exchange, they never have access to move or withdraw your crypto. You hold your coins wherever you’re most comfortable.
A crypto bot just acts as intermediate tool to make day trading easier and more profitable.
They connect to your account using an encrypted API key managed by you. And all the trades are executed on your behalf on your connected exchanges. This way, you can be sure that your money are 100% secure and can only be accessed by you.
Conclusion
There you’ve it, 5+ best crypto trading bots that enable and enhance seamless automated crypto trades.
If you’re still trading directly from the exchange, you may want to take a step back and think strategically.
You can never regain the time you’ve lost. Day trading can suck up all your time if you let it.
Automation is key. Sharpen your trading arsenal and you will never miss a trade opportunity again.
- Best for beginners and advanced traders – Cryptohopper , 3Commas , Quadency,
- Best for advanced traders – Haasonline
- Best for price – Zignaly
Each of these platforms offers slightly different features, interfaces and fees.
So hopefully with this list, I can help you choose the right crypto trading bots for trading.
And don’t forget to file your cryptocurrency. Check out these 7 best crypto tax tools to help you keep records of your crypto transactions, calculate your crypto taxes, minimize your tax liabilities, and simplify your filling, no matter which country you‘re in.
That’s all for now. As the space of cryptocurrency is rapidly evolving, I’ll be updating this post regularly with the latest info, so keep coming back to discover more.
What do you think?
Would you use a crypto trading bot? Why or why not?
Last but not least, if this post was of any help to you, please share it on Facebook, Twitter and Pinterest!
If you think any of your friends would find this helpful, share this post with them.
I’ve handpicked a few guides for you to read next:
- Crypto 101: The Ultimate List of Cryptocurrency Resource
- 10+ Best Cryptocurrency Exchanges to buy and trade Bitcoin Cryptocurrency
- How to Invest in Bitcoin: The Ultimate Guide for Beginners
- Trading vs HODLing for Bitcoin Investors
- 6+ Best Cryptocurrency Trading Sites for Beginners
- Beginner’s Guide To Crypto Social Trading
- 10+ Legit Ways to Earn Free Bitcoin (#3 is My Favorite)
- How to Earn Interest on Bitcoin: The Best Bitcoin and Crypto Savings Account
- 7 Best Ways to Earn Passive Income with Cryptocurrency
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