Crypto trading bots are a great way to trade cryptocurrencies. They can be tweaked to your needs, and they will work without any interruption. Some prefer trading with low risk for passive income, while others like to do high-risk trades such as scalping, which is impossible to do manually. Either way, once set up, trading bots can function 24×7 and generate profits without any intervention.
Important: Crypto trading bots is not a guaranteed way to make profits. Instead, they let you automate trades based on specific rules. If the rules set by you are flawed, you will end up losing your money. Some of the bots even provide their services for leverage trading. Please be extremely careful and experiment with them intensively before using real money.
Why do you need a Crypto Trading Robot?
There are various crypto trading robots out there, which come with a lot of features. The most common use case of crypto trading bots is to set them and execute hundreds or thousands of trades every day. However, these features are not only for the large traders. Crypto Trading Robots can prove to be extremely efficient for small traders too.
With a crypto trading robot, you can define the exact conditions to execute the buy orders and sell orders. It can also automate complex and effective trading techniques such as dollar cost averaging (DCA) to prevent losses and trailing profits to maximize profits.
There is a lot of different trading types and ways to automate them. Therefore, it is important to analyze what you want to do and pick the platform. You also have to make sure the bot supports the exchange of your choice.
3Commas combines a trading terminal and bots in one platform. You can connect 23 different exchanges and trade across them on a single platform. 3Commas has 3 major bot types: DCA, Grid Bot, and Options Bot.
- Smart Trade for manually trading across 23 different exchanges.
- Automated trading for both single pair and multiple pairs at the same time.
- View and manage your portfolio across all exchanges.
- Receive notifications on mobile app and telegram.
- Can be used for margin trading and futures.
- Easy to share and copy other bots.
- Supports paper trading to try out trades before you enable it on your exchange.
Price: Free. But if you’re serious about bot trading you need to upgrade to the advanced plan which costs $25 per month paid annually and supports unlimited DCA bots.
3Commas Exchanges: Binance DEX, Binance, Binance.us, Bilance Futures, Bitfinex, BitMEX, Bittrex, Bybit, Bitstamp, Coinbase Pro, Gate.io, Cex.io, Exam, Huobi Global, KuCoin, HitBTC, Kraken, Poloniex, OKEx, YoBit
Cryptohopper is another popular crypto bot. Cryptohopper has more features geared towards the beginners. There is a lot of resources and signals that beginners can deploy and stop using. For the advanced users, Cryptohopper offers a multi-step strategy designer to design complex bots.
- Easy to get started for beginners
- Create advanced bots with multiple strategies
- 30 indicators and 90 candle patterns to create strategies
Price: Free for the basic plan and goes all the way up to $100 for the high-end plan.
Cryptohopper Exchanges: HitBTC, Okex, KuCoin, Bitvavo, Bitpanda Pro, Huobi, Poloniex, Kraken, Bittrex, Bitfinex, Coinbase Pro, Binance
Pionex is an exchange with built-in trading bots. It has 12 types of bots for free. Pionex is great for traders who are looking to both trade and store the cryptocurrencies in the same platform. While it is very limiting compared to other bots, it is great for beginners.
- Easy for beginners to get started
- Bot and exchange on the same platform
- No monthly fee
Pionex Exchanges: Pionex, Binance, Huobi global
HaasOnline is another popular trading platform that combines 16 bots with 50 different technical indicators, which can be used to build complex automations. However, one thing that makes HaasOnline stand out is that you can program your own bots. You can write scripts in C# if you want to have a level of control that other bots cannot offer.
- Program your own bots on C#
- While most bots integrate with Telegram, HaasOnline also integrate with Discord
- A good choice for experienced traders
Price: 0.011BTC per year for the beginner plan
HaasOnline Exchanges: Binance, Binance Futures, Binance US, Bitfinex, BitMEX, Bitpanda Pro, Bitstamp, Bittrex, Bybit, CEX.IO, Coinbase Pro, Deribit, FTX, Gemini, HitBTC, Huobi, Ionomy, Kraken, KuCoin, OKCoin, OKEx, OKEx Futures, Poloniex
Gunbot is one of the earliest cryptocurrency bot software. It runs completely on your computer and is ideal for people who don’t want to run their trading on a cloud platform. Gunbot has a unique pricing strategy. Instead of limiting the number of trading bots, they limit the number of exchanges. So with the basic plan, you can still do unlimited trades on a single exchange. You’d need to upgrade only if you want to trade on multiple exchanges at the same time. Also, the payment is done as a one-time fee and there are no recurring payments.
- Works locally on your computer
- One-time payment and no recurring fees
- Not expensive if you’re going to trade on a single exchange
- Also allows strategy coding for advanced traders
Price: 0.1 BTC as one-time payment for the standard bot
GunBot Exchanges: Binance, Bittrex, Binance US, Bithumb, Bitmex, Bitfinex, Bitmex Testnet, Coinbase Pro, HitBTC, Huobi Global, OKEx, OKCoin, Bitstamp, KuCoin, Poloniex, Cex, Kraken, Coinex