Best Crypto Trading Bots (10)

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Trading is one of the riskiest ways for people to earn money. There, I said it. It’s highly volatile, and human decision-making thought processes are delayed, limited, and usually driven by their emotions.

Some would consider trading crypto as “Impractical” because even professional traders have their bad days. Some even have a whole bad quarter.

No one can predict the outcome or price range of each token accurately, and people can only speculate. We can only assume and make educated guesses based on facts, historical data, and sometimes even feelings. Furthermore, not everyone has the time to do all the necessary steps and research to become a successful trader. That’s why people came up with a solution to solve this problem.

Trading bots were made to do just that.

Crypto trading bots can trade 24/7 straight, have no emotions that could cloud judgment, and can do calculations far beyond what the human brain could do. It uses a set of algorithms and programs to analyze the market and figure out when would be the best time to buy and sell each token (this is just one strategy, of course).

But not all trading bots can make a profit. Most of them lose against the market. At the end of the day, a crypto trading bot can only be as good as its creator, so we’ve picked the best trading bots that you can take advantage of today.

Is auto trading safe?

Since we are talking about your money, it is always important to DYOR (Do Your Own Research), which is the reason why you are here. And of course, since we are not certified experts on this, it’s important to note that I am not a financial advisor, so always take everything with a grain of salt and always refer to multiple sources before pulling out your credit card.

So, is auto trading safe? For the most part, the answer is yes. Especially if they are licensed by governing bodies like FinCen, and if they are a legal entity and not just some free bots that you’ve downloaded somewhere.

There will be fees involved, of course, and that’s a price that should be paid for your peace of mind.

That said, what are trading bots and how do they work?

What are trading bots and how do they work?

In the simplest of terms, these are scripts or platforms that run on specific rules that you set so you don’t have to manually do the buying and selling. The basic idea is to buy low and sell high. But trading platforms and bots do more complicated calculations to make a profit for their users, so it’s not just simply “buy when the chart is red, sell when it’s green” kind of thing.

There are also several strategies (from real human traders and automated through bots) that can be employed through these trading bots. For example, the most common ones are Grid Trading and Arbitrage Trading.

For grid trading, it’s literally buying when the price is low and selling when it’s high. For arbitrage trading, it is when you play with different market price differences.

For example, if you can buy BTC for 1% cheaper on Marketplace A over Marketplace B, of course, you’ll buy it where it’s cheaper… and then sell it where it’s being traded higher for a quick and small profit.

There are dozens of strategies out there, but it will take at least 3 different blog posts if we are going to talk about them. Besides, you’re here for the bots, right? So they can do these strategies for you.

So, let’s get started!

1. Pionex

Pionex

Pionex is the first cryptocurrency exchange platform that offers free crypto trading bots to its users. To date, there are a total of 16 trading bots built-in for each account that users can leverage, so it is an entire suite of tools and you only need to pay for the transactions you make.

Pionex is based in Singapore and they have been operating since 2019, and they’ve been MSB (Money Service Business) licensed by FinCen, which is a huge green flag.

Experts and newbies will be able to comfortably use Pionex even without prior experience. However, Pionex doesn’t have a demo account for beginners to get accustomed to the process. But for a platform offering their service for free, with 16 trading bots that can be used, what more can you ask for, right?

Fees: Pionex doesn’t have subscription fees, instead, they charge transaction fees for only 0.05% per trade, which is cheap compared to other platforms that charge even more on top of having a subscription fee.

Pros
  • No subscription fee.
  • Low trading fees at 0.05% per trade.
  • Supports over 40 cryptocurrencies.
  • Simple and easy to use.
  • Has AI strategy option that will read the past 7 days of trading to determine the best course.
Cons
  • No demo account.
Rean’s note: this might sound biased but Pionex is the first crypto trading bot I personally tried (just a few days before writing this article) and being new to this entire thing (automated trading), I find it very user-friendly. The good thing is, for now I’m still seeing profit so I’m keeping my bots running.

2. TradeSanta

TradeSanta

TradeSanta also allows its users to trade cryptocurrencies automatically without being too hands-on. They offer their services for a very cheap price, starting at $14 to $30 per month. Though sadly, their free trial only lasts for 3 days.

TradeSanta supports several crypto exchanges like Binance, HitBTC, Houbi, Coinbase Pro, OKEx, and more.

Fees: TradeSanta has three (3) paid tiers. The Basic plan for $14 a month, the Advanced plan for $20 a month, and the Maximum plan for $30 a month.
Pros
  • Supports a wide variety of cryptos.
  • Simple and easy to use.
  • Lots of useful features.
  • Affordable subscription fees.
Cons
  • No free account.

3. Cryptohopper

Cryptohopper

Cryptohopper is a programmable automated cryptocurrency trading platform. Users can set certain goals for automatic trades without you micro-managing them. For example, you can set your trading bot to take profit as soon as your investment growth goes up to 1%, 2%, 5%, and so on, or close the trade if the market value of the coin drops to a certain percent.

Experienced investors can program their bots to add their magic touch. For beginners who aren’t confident enough to make their own strategy, Cryptohopper has a marketplace that offers strategic programs that they can buy.

They also offer demo testing for you to run your program and see how it would perform without risking actual money.

Cryptohopper currently supports 75 cryptocurrencies across nine major crypto exchanges like Binance, OKEx, Houbi, Kraken, Bittrex, Coinbase Pro, Cryptopia, Poloniex, and Kucoin.

Fees: Cryptohopper is a paid service. But they do, however, offer a 7-day trial, and after that, the Explorer plan will cost you $19 per month, the Adventure plan costs $49 per month, and a $99 monthly fee for the Hero plan.
Pros
  • Supports over 75 cryptocurrencies.
  • Simple and easy to use.
  • Lots of useful features.
Cons
  • No free account.

4. Shrimpy

Shrimpy

Shrimpy is more than just your ordinary trading platform. It also links all your different accounts from different exchange platforms, allowing users to manage their portfolios easily and have easy access to their accounts when trading.

Its user-friendly interface also makes it much easier for new users to navigate through their platform. It also has copy trading features that allow inexperienced users to copy real-time trades from top-performing traders.

If you’re someone who’s a veteran trader, you can also input your strategy and make the system execute it for you, automatically. That way you won’t have to be more hands-on and you’ll be able to do other things.

Their platform supports a total of 16 crypto exchanges, including Binance, Kucoin, Kraken, Gemini, Coinbase, and more

Fees: The Starter plan is $19 per month, The Professional plan is $79 per month, and the Enterprise plan is $299 per month. Unfortunately, they don’t offer a free account and free trials.
Pros
  • Supports a wide variety of cryptos.
  • Simple and easy to use.
  • Lots of useful features.
Cons
  • No free account.
  • No free trials.

5. Napbots

Napbots

Napbots is a trademark of the Napoleon Crypto Group. It was launched in 2018, and since then, they’ve developed 20 proven high-earning strategies that traders can use to take advantage of the volatility of the market.

Though they only work with limited cryptocurrency exchanges, Napbots supports all the major cryptocurrencies such as Bitcoin, Ethereum, EOs, Binance coin, Ripple, and more.

Fees: Their service is not for free, as they don’t have a free tier, and their plan starts at 19 for the Silver subscription, €49 for the Gold subscription, and99 for the Platinum subscription, all paid monthly.
Pros
  • Offers good strategies and features to beat the market.
  • Supports most of the liquid currencies like Bitcoin, Ethereum, Binance Coin, and more.
Cons
  • No free account.
  • Only compatible with a few exchange platforms.
  • Napbots takes a $2 commission per month.
  • Requires a minimum investment of $1000.

6. 3commas

3commas

Similar to Cryptohopper, 3commas is also a programmable smart trading platform that allows traders to set parameters and specific instructions to make it follow your winning strategy. Or if you’re a newbie, you also have the option to copy the trades of top-performing traders on the platform.

3commas provides their automated trading service across 12 cryptocurrency exchanges including Binance, Huobi, KuCoin, Bitfinex, Yobit, Bittrex, Bitstamp, Poloniex, Cex, HitBTC, GDAX, and OKEx.

Users get to experience their service with their 7-day free trial and they’ll have to pay for the paid plans if they want to continue using its service.

Fees: 3commas is a paid service, as you already know. The Starter package will cost you $29 monthly. The Advance package is $49 a month, and $99 a month for the Pro package.
Pros
  • Supports a wide variety of cryptos.
  • Simple and easy to use.
  • Lots of useful features.
Cons
  • No free account.

7. Coinrule

Coinrule

The developers of Coinrule saw how “Unnecessarily complicated” the crypto market was. So when they launched Coinrule in 2017, their main goal was to provide an easy-to-use platform so anyone and everyone could participate.

They even offer a free plan so that those who cannot afford or simply don’t want to spend can still partake and earn. Aside from the free plan that they offer, they have three (3) other paid tiers that offer more features and functions.

Coinrule supports over 10 cryptocurrency exchanges, including Binance, Coinbase, Kraken, Bitmex, and more.

Fees: The Hobbyist plan starts at $39.99 a month, the Trader plan costs $79.99 a month, and the Pro plan costs $499.99 a month.
Pros
  • Supports a wide variety of cryptos.
  • Simple and easy to use.
  • Lots of useful features.
  • Offers a free version.
Cons
  • No mobile application.

8. Stoic

Stoic

Stoic is also a cryptocurrency platform that offers automated trading bots for rapid transactions, without your supervision. You’ll just need to set goals and specific parameters, and once those conditions are met, the trading bot will make a trade for you to profit.

Not only that, they have features that allow users to link their accounts and have access to it with a touch of a button. Users can also manage their accounts through Stoic’s mobile application.

Stoic only works with the Binance exchange, supporting BTC, ETH, BCH, and LTE.

Fees: Stoic doesn’t have subscription fees, but they charge 5% annually from your account.
Pros
  • Low fees.
  • Simple and easy to use.
Cons
  • Only supports Binance exchange.
  • Requires users to deposit a minimum of $1000.

9. BitUniverse

BitUniverse

Another cryptocurrency platform that helps users keep track of their portfolio and market prices, all laid out in a simple way that makes it easy for traders to comprehend. This reduces the amount of time that users have to spend just to keep track of everything that’s been going on.

BitUmiverse aids its user by doing all the necessary chores that a trader must do to have better judgment and decision making. It can also be set to trade automatically.

It works with over 26 crypto exchanges like Binance, Bittrex, Bitfiner, Coinbase, kraken, Kucoin, and more. Covering over 6000 cryptos available today.

Fees: They offer two different plans. The Free plan gives you access to all the basic tools and features you’ll need to manage your cryptos and portfolio. On the other hand, the Premium plan will cost you $20 a month and you’ll be able to enjoy the full benefits and features available on this platform.
Pros
  • Simple and easy to use.
  • Lots of useful features.
  • Affordable subscription fees.
  • Has a free version.
Cons
  • No Paper Trading/Demo feature.

10. One Button Trader

One Button Trader

Just like its name, it only takes one button for you to customize a bot that is suited to your style and risk appetite, so you could just sit back and relax while OB trader does the work for you.

Some platforms out there make the process more complicated, as if cryptos weren’t complicated enough. So they designed this software to be straightforward and complete with all the necessary information one must need to perform successful trades.

OB trader currently supports Binance, Bitvavo, Binance US, Bitpanda, and Kraken. And many more will be available in the future.

Fees: OB trader offers a Free plan, but of course, more benefits and functions are given for premium plans. Starting at $29.99 a month for the Traveler plan, $125.99 a month for the Venturer plan, and $549.99 a month for the Voyager plan.
Pros
  • Super easy to use.
  • Safe and secure.
  • Affordable Subscription fees.
Cons
  • Limited exchange platforms.
  • Can only operate in 1/4- hour intervals.

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