5 Best Crypto Trading Bots For Bitcoin And Altcoin Autotrading
A cryptocurrency trading bot (software) automates the process of trading on exchanges Binance, Kucoin, Bitfinex, Coinbase and more. We listed Top 5 best crypto trading bots for trading Bitcoin and Altcoin.
Cryptocurrency trading is an emerging business and with more and more crypto traders flocking the market, the growth of digital currency exchange has risen to a whole new level. However, many new investors especially the novice find it extremely difficult to evaluate the cryptocurrency market conditions and to cope up with the volatile nature of the market.
The cryptocurrency trading bots is relatively a new concept and has made crypto trading easy and popular especially among the novice traders.
Cryptocurrencies can be traded directly from crypto exchange platforms or through the help of crypto trading bots. Due to the volatile nature of the crypto market, many investors are gradually relying on the trading bots to do the job for them.
What is Crypto Bot?
A crypto trading bot automizes the process of cryptocurrency trading and trades on the behalf of the trader. It is a computer algorithm that scans and tracks your trade pattern and executes the task at your command. For that, you need to have some coding skills and you can program your very own customized trading bot. However, if you do not have the required expertise, the market offers some of the best trading bots and you can subscribe to one of them.
How does a free Bitcoin Trading Bot?
The free Bitcoin Signal Robot is an automated trading software that will understand and manage your trades on your behalf. The software is almost free and will double your crypto returns in no time.
You can start your crypto trading with as little as $100. You start with choosing a trading broker and install the bitcoin trading software on your computer. You can customize the settings and you are ready to go.
Advantages of Bitcoin Trading Bots
- A crypto trading bot completely automizes the trading process thereby eliminating delay in decision making and makes trading faster and at favourable trading prices.
- The crypto bots track the chart patterns regularly and you do not have to be present all the time for trading. They will do the job for you in your absence.
Features of a good crypto trading bot
- One of the most important features of a good trading bot is its reliability. Look for bots which are used frequently by users and have positive feedback.
- When you are choosing a trading bot you are doing it at your own risk. You are giving authority to your bot to take control of your funds and trade with it in the market. So, you need to be cautious and completely sure before choosing a trading bot. So, it is advisable to do complete research before choosing a trading bot.
- Whether the trading bot is profitable or not depends on its prior performance in the market. So, while choosing a trading bot find out whether the trading bot is profitable or not.
- The cryptocurrency market is based on mutual trust and transparency. So, before you choose a trading bot to look into the profile and history of its developers. See if they are popular in the community or not.
- The main purpose of using crypto trading bot is to automize the process of crypto trading and make it easy for users. Look for trading bots that have a user-friendly interface and you must be able to control the software entirely.
Best Cryptocurrency Trading Bots
Trading with Bots is not secure if you started with a scam website. There are many Bot platforms are available in the market. We tried to shortlist few reliable, and trusted players of the market in this article. Let us now look into the top 5 crypto trading bots in the industry.
Cryptohopper is considerably new in the market but has already gained immense popularity due to its wide range of features and technical leverage over other bots. Few highlighted features are:
- One of the main limitations of earlier crypto trading bots is that they could only operate when the PC is on. Cryptohopper uses cloud-based technology wherein, you can run and trade with your bot on a cloud and use it any time of the day even when you are offline.
- Cryptohopper allows you to run your bot in autopilot mode and set your trading signals. This is extremely useful for new users who often fail to set their own trading signals.
- Cryptohopper is enriched with other special features like technical analysis which helps you to customize your bot’s settings and templates through which you can design a new setting for your bot.
- Cryptohopper offers several plans to choose from starting from $19 to $99 a month.
- You can trade on multiple exchange platforms like Binance, Huboi, Kucoin, Bittrex, Coinbase, etc.
3Commas is also comparatively a new trading bot in the market. One of its unique features is to trail the crypto market and close the trade at the right time to maximize your profitability. The bot quickly adapts to the changing pattern of the volatile crypto market and ensures maximum return to your investment.
- Automizes trading maximizes profit and avoids loss from trading.
- The bot is hosted online and is available from anywhere and any device having an internet connection.
- The bot has partnered with 13 popular crypto exchanges including Binance, Kucoin, Bittrex, etc.
- 3Commas is available in 3 package plans starting from $22 to $75 per month. However, users can use the bot for free if they have an account at the Huboi exchange.
Zignaly is still at its initial stage of development. However, users can use the free beta version of the bot. The final version of the app will be launched soon and users can avail its services in exchange for fees.
Even at its basic level, Zignaly has a very useful interface and have been designed exclusively for the users.
- Zignaly is integrated with TradingView which allows it to trade on the Binance trading exchange. Currently, it is working only with Binance and hopes to integrate with other trading platforms in the future.
- Zignaly shares developer details openly in their community forums thus building a sense of trust and transparency among its users.
- The developers are always available in case there is any query from the customers.
- Traders here can customize their trading strategies and allows flexibility to its traders.
Launched in 2018, Kryll.io is one of the most advanced crypto trading bots and helps its traders to deal with the volatility of the market. Kryll.io helps traders to create their very own trading strategy and predict the right moment to invest their funds.
- io comes with a flexible editor and advanced features.
- Create your very own basic or advanced trading strategies with the drag and drop editor and that too can be done without any coding knowledge.
- The app comes with additional features like market indicators, risk analysis tools, and notification blocks.
- AI-based tools such as Sentiment Analysis and market trend prediction done by Deep Learning.
- Fees as low as 1% per month.
- Users can earn through Affiliate Programs by referring their friends and relatives.
- The Publisher mode allows users to publish their trading strategies on the community and earn passive revenue.
Gunbot is a popular trading bot with over 6000 traders using its services daily. The app is available for Windows, Linux, and Mac operating systems. It offers paid plans in BTC. Few important features are listed below:
- The app is available on multiple trading exchanges including Binance and GDAX.
- Users can run it effectively in their local PCs without any trouble.
- Gunbot supports 32 different trading strategies including Bollinger band, step gain, and ping pong.
- To avail the services of Gunbot, users have to pay a one-time lifetime charge of 0.1BTC to 0.3BTC depending on the features they use. The lite version is available at lesser fees.
- The app comes with customer support and will resolve your issues within a day. However, users are advised to turn off their bot in case the market is too volatile to avoid the risk of losses.