The Best Cryptocurrency Trading Bots in 2022

What is a Trading Bot?

A trading bot is a piece of program code that performs actions automatically under specific conditions. These conditions may vary depending on the global economic state, the trader’s risk profile, the market type, and more. 

Some bots target specific markets like crypto. You can use a cryptocurrency exchange bot to facilitate trading routines such as analysis. Even though you should not rely entirely on automatic analysis, you can save some time and invest it somewhere else.

Best Bitcoin and Automated Crypto Trading Bots 

There are multiple crypto bots available. However, if you're considering automating your trading, you might want to go for the best bots. We'll review each of these bots based on ease of customization, customer support & services, pricing, security, and reliability.

3Commas — Best Crypto Bot Overall

3Commas focuses on providing useful tools and easily customizable features that allow traders to create, connect and adjust their own cryptocurrency trading strategies.

In addition, users can engage in Smart Trading, which allows them to set multiple orders simultaneously: stop-loss, take-profit, floating and other orders that can secure your trades during high market volatility, or save a lot of time by leaving positions for automated trading.

The main goal of the 3Commas team is to help minimize investors' risks and limit their exposure to losses and maximize their profits.

There is no need to install separate software to use the 3commas trading bot, as is the case with other trading terminals or services. You can use the service in just one place controlling all your trades from different exchanges.

3Commas can integrate with a large number of cryptocurrency exchanges by connecting an API. Once connected, the bot will make transactions on your behalf. Transactions can be conducted 24/7 and without third-party involvement. In addition, it all depends solely on how the trader specifies the parameters and strategies he wants to use, and the bot will do the rest for you.

At the moment the service is used by more than 220,000 users globally and the 3Commas trading bots are currently working with 23 exchanges, including Binance, Coinbase, OKex, Huobi, ByBit, Bitfinex and others.

Pionex

Launched in 2019, Pionex is best known for offering users 16 built-in trading bots for free. This is a good platform for traders who are new to trading bots. In addition, users can automate the trades with these bots. 

The cloud-based crypto trading platform makes it easy for users to make steady profits through automated trading. Aside from the 16 available bots, you can build your own trading strategy with the Set Myself option. There you can modify the price range and the number of grids.

Pionex is accessible on mobile devices, including Android and iOS. It's also available on its official website. However, mobile devices give you first-hand information quicker.

There's no paid subscription with Pionex. All bots and features are free to use. However, the connected exchange charges a trading fee of 0.05% for the maker and taker. Also, there's a withdrawal fee when removing your funds.

It has passive support yet a flawless reputation in terms of security.

Shrimpy

Shrimpy is a portfolio management website that allows investors and traders to manage their entire balance across several cryptocurrency trading platforms all in one location. You do not need to log in separately to each crypto exchange to perform buy and sell trades.

The portfolio manager allows you to allocate your overall portfolio using simple percentages with a visual snapshot and statistics. You can manually or automatically adjust the allocation of each coin based on the market by changing the percentages, which will execute the trades on your behalf. Shrimpy is a popular choice for managing a portfolio and one of the best crypto portfolio trackers.

The platform is best known for portfolio tracking, smart trading, social trading, and automatic rebalancing, and it's highly sought out among traders looking to automate their crypto portfolios. 

Shrimpy has a simple user interface allowing users to view the best performing bots, with details of their profit during the past month. Notably, Shrimpy does not offer any free trial. Instead, their paid packages come in three different forms. HODLER — free with limited features. Professional and Enterprise subscription plans cost $79 monthly and $299, respectively.

Shrimpy supports more than 30 crypto exchanges, including Binance, Bitfinex, Kraken, Coinbase Pro, and other popular exchanges. It also supports offline wallets. The bot integrates with crypto exchanges via APIs. The API keys are encrypted and saved using FIPS 140-2 confirmed hardware security modules. Users can also whitelist their accounts to prevent attackers from using the APIs in case they are stolen.

HaasOnline

Launched in 2014, HaasOnline has been offering solutions for automating crypto trading for users. It is a software-based bot that is locally hosted on your computer. It's compatible with Windows, Mac, and Linux. 

Users can execute basic and advanced crypto orders via a collection of predetermined functions that evaluate trends and make trading bot decisions.

The trading bot provides access to a wide range of crypto trading bots to select from based on your subscribed package. Its pricing ranges from 0.047 BTC to 0.135 BTC. 

It features three payment plans Beginner, Simple and Advanced plans. You can subscribe to each of these plans within 6 and 12 months. Two-year and one-year subscriptions will save you between 0.005 BTC and 0.101 BTC, depending on the plan you're going for.

Among many bots, the platform offers Accumulation Bot, Advanced Index, Crypto Index, Flash Crash, Mad Hatter, Market Making, Ping Pong, Scalper, Trend Lines, MACF, a Zone Recovery Bot, and more. All the automated tools follow indicators generated from a well-analyzed market and apply different trading strategies to help you maximize your profit.

Stoic

Stoic is a cryptocurrency trading bot that allows you to automate the management of your digital asset portfolio. Stoic will enable you to conduct rapid trades across various markets.

Moreover, Stoic uses a pre-selected portfolio of top 30 cryptocurrencies to automatically modify their ratio inside your cryptocurrency investment, unlike other crypto bots that require you to monitor individual assets and transactions. 

This means you invest in a pre-determined cryptocurrency portfolio and let Stoic handle all the purchasing and selling of linked assets for maximum profit. The platform employs a long-index approach for the coin in question and rebalances them daily.

You pay a 5% annual network charge to use the bot, while it also has a minimum deposit of $1000 and a 24 Hours withdrawal time. It also supports mobile apps. The platform has a smooth user interface best suited for both advanced and beginners.

Lux Algo

Launched in 2020, Lux Algo builds feedback-oriented indicators to give traders new visualizations of every market. The platform provides both new and experienced traders with powerful tools and educational materials to give users a better trading experience. In addition, Lux Algo embraces interactions among users as they can connect and socialize on the TradingView platform.

LuxAlgo offers users many benefits, including a multi-functional Discord server. Users can obtain thousands of alerts across different markets, boost their indicator settings with optimizer bots, and communicate with over 50,000 traders.

Lux Algo has a comprehensive membership plan. You can access the bot's features with a subscription package of $67.99 monthly, $143.97 quarterly, or $489.99 yearly.

You can use Lux Algo with different markets such as the Forex market, stock market, indices market as well as crypto market. However, one major setback known with Lux Algo is that it only works only with TradingView. 

Other Bitcoin and Automated Crypto Trading Bots 

You might have heard about other bots as well. Let’s briefly highlight more bot providers.

Bitsgap

If you’re looking for an all-in-one crypto trading platform, Bitsgap fits right about perfect. You can trade, manage your portfolio, use various trading bots and signals. A wide access to crypto exchanges opens amazing arbitrage opportunities otherwise impossible. As of writing, the bot supports 25 crypto exchanges and the list only grows. On top of everything, a simple sign up grants you a free trial lasting 14 days!

WunderTrading

A free-to-use bot with an average score, according to users across several scoring platforms. The best feature you can get out of WunderTrading bots is their accessibility. 

Quadency

Quadency helps you to manage your digital assets more effectively and offers bots to do so. The platform incorporates multiple tools to amplify your analytics for a reasonable price — you can choose across a wide range of flexible pricing plans.

NAGA

Naga is a social trading platform with an excellent trust score. You can use bots to automate not only your crypto trading but also manage your stock portfolio as well. The best feature you get here is transparency. 

CoinRule

CoinRule is another platform to automate your trades on exchanges. It fits both newbies and pros, as you can adjust multiple elements to fit your trading vision. You can also test any strategy before applying it for free. Trustpilot users score the platform 4.3 out of 5 stars.

CryptoHopper

The platform’s tagline is simplicity — implying it can fit absolute beginners that lack crypto trading experience. The website has an intuitive layout, and users can interact with a trading terminal easily. Trustpilot users score the CryptoHopper platform 4 out of 5 stars.

TradeSanta

The TradeSanta team focuses on competitive pricing and responsive customer support. If you’re looking for an affordable trading bot, TradeSanta might be a good fit. However, a 3-day trial might not be enough to evaluate core functions. Trustpilot users score the TradeSanta platform 4.1 out of 5 stars.

Crypto.com

Crypto.com supports a wide range of analytical tools, so you can automate your trading safely. The platform also has the security-first trading approach, as most services run on a private server. Moreover, you can access educational articles and tons of trading-related content. Overall, Crypto.com is best suited for advanced traders first, newbies second.

Trality

Trality has an active customer service section that offers users live chat, an easy-to-understand FAQ, and other educational resources explaining the bot's essential features. The platform supports all major exchanges via API connection, providing end-to-end data encryption.

Coinmama

Coinmana is best suited for beginners as it allows them to copy the trading strategies of the experts and diversify their portfolios. It also allows experienced traders to build a crypto index and assign their assets to several currencies.

The best feature you can experience here is flexible trading automation. Simply put, you can automate trades and create many portfolios to invest in through various strategies.

Zignaly

This relatively new automated trading player has already conquered the hearts of many traders worldwide. Packed with powerful custom strategies, presets, and technological advantages, Zignaly provides 50+ indicators and patterns free of charge. You can use the bot for free, enjoying scalable trading solutions for benefits.

Exchange Valet

Both newbies and professional traders can benefit from using Exchange Valet. Even though the platform has multiple issues, you can still make the most of its free trial and tons of educational content.

KuCoin

The KuCoin bot falls under the KuCoin exchange’s patronage. Even though it’s a powerful trading automation tool, you can only use it on the KuCoin exchange. The bot can utilize multiple features to benefit from widely-used crypto patterns. Some features include customizable grid bots, DCA bots, and more.

What to Search for When Choosing The Best Cryptocurrency Trading Bot in 2022?

• What strategies it allows you to implement. Editable parameters, support for certain technical indicators and market data feed.
• Settings and user's flexibility. Settings matter as you might not know about some specific settings. Some providers have a large list of excessive default options. 
• Ease of use. Some bots can be run with a few clicks by selecting the desired strategy, while others must be programmed. The choice depends on your knowledge and skills.
• Support for exchanges. All major bots are compatible with all major exchanges. More exchanges = more liquidity = more trading opportunities.
• The reputation and longevity. How many years the platform has been on the market, what are the user reviews, is it legal to use this bot? It also reduces your chances of being scammed.
• Cost. Some bots are available only for a fee/subscription, while others are free, but charge a commission for each trade.
• Profitability. Before you start using a robot, calculate how profitable the process will be, taking into account the fees of the bot.
• Safety. It’s important to scrutinize the reviews and what the developers say about the security measures they have taken. After all, in some way, you will have to trust the platform to manage your funds.

Other factors to consider

Mobile App. Sometimes you don’t have access to your laptop or PC because you are heading somewhere swiftly, traveling or just enjoying life. However, you still have to control your bot from time to time. A mobile app will help you do so without a laptop or PC. 

Trading Tools. Not all bots are built equal, especially when it comes to the technical part. This is a fight of big brains over customers in one of the most rewarding niches — trading. Make use of this and pick only top-tier software providers that supply top-tier trading tools. A prime example would be the 3Commas x TradingView collaboration to enlarge the bot’s technical analysis opportunities through TradingView’s advanced indicators & features.

Background Check. Last but not least, you might want to check out the company's background, as you’re going to provide access to your exchange. Even though you can turn off withdrawal, there are many ways to experience something you might not want to experience. Check whether your potential software provider has even been hacked first. 

Why You Might Want to Use a Trading Bot

Most financial market participants, including crypto, stocks, and forex traders use automated systems, as they provide many benefits. 

Efficiency & Speed

Manual trading is often associated with time consumption. This is a big issue with trading Cryptocurrency, a highly volatile market.

But as crypto trading bots make quick orders, losing all the trades is significantly reduced.

You can save time, while a system is trading on your behalf. In other words, you can set it up just once and do your own business, rarely checking and adjusting the bot if you feel like it. However, that’s not the case in most situations, as algorithms are battle-tested and can operate independently. 

Another important factor is the lack of emotions while trading across the markets is all about emotions. Both the biggest gains and losses are related to big emotions. If a trader closes several deals negative, the chances are this trader will end up burning his whole deposit. The reason is age-old fear. Another powerful emotion is greed, which works in the opposite direction but yields pretty much the same result.

Imagine a robot trading on your behalf and working around the clock. If you never heard of a deal, how can you care about it or express even a tiny emotion? No more monitor staring and no more deposit losses due to emotional trading.

Automated Functioning

Crypto trading bots run an automatic analysis of several currencies and conduct trades at the same time. As a result, they're not disturbed by emotions like humans, and they won't miss profitable trades because they can't focus. 

Operates 24/7

As humans, we are faced with many daily activities, as we even sleep, and we can't always work around the clock. However, cryptocurrency trading bots work 24 hours a day, seven days a week, making almost risk-free decisions even while you sleep. As a result, bots will never miss a profit-making opportunity.

Trading Bots and Risks to Consider

The web is full of automated trading benefits, but software providers rarely break down the drawbacks trading software might entail. Some disadvantages are mentioned below.

Technical Failures

Automated trading software conducts trades via APIs, allowing them to work algorithmically, with no manual input. They tend to malfunction if they experience any mechanical issue such as network connectivity or hindered power supply.

Also, there could be security breaches as some software providers may stay off the more secure server. Luckily, not many providers experience technical issues. 

Monitoring

Even top bots can’t think as humans do. That implies you need to watch the bot's performance to ensure an ineffective or affected strategy is not being repeated. Why constantly check if bots are so smart, though?

The crypto market can be affected by many things, including news, manipulation from the big players, etc. A bigger part of these events can hardly be predicted. Hence, bots can’t really take these events into account or predict those in close proximity. 

So you don't want to leave your bot out dry. This can be exhausting for part-time traders or beginners who opted for automated trading because of time efficiency. Automated trading systems can experience failures that could cause missing orders. Examining your bot consistently allows you to notice these failures and address them instantly.

An automated bot will make the perfect move, but it won't take action if it’s barely controlled or monitored, especially over the long haul.

Over-Optimization

Over-optimization is the process of consistently adjusting the functionalities of trade strategies to improve the value of every money invested. For example, altering a strategy to attain unusual results on the past statistical data on which it was tested. 

This sometimes turns out to be incorrect as you can't always expect a simulated strategy to perform in an exact way on live trading. As a result, these “guaranteed” profitable trades may fail from time to time. However, this is not a critical issue, as most bots operate on a scale. In other words, one failure doesn’t cover 99 successful trades. The fail/success ratio varies significantly, but reliable bots overlap losses with profits as a rule of thumb.

Avoiding Scam Bots

Automated crypto trading can be an excellent way to make a profit. However, you must understand that scam bots are now rampant in the crypto space. All targeted explicitly at individual traders. 

You must protect yourself from bot scams and other types of automated-driven scams. An easy way to stay protected from scammers is by picking a reliable trading software provider like 3Commas.

Let’s break down key ideas of how you can take all the benefits of automated trading while avoiding major risks.

Benefits of The Best Cryptocurrency Trading Bots by 3Commas 

3Commas is an automated trading terminal designed to bootstrap & simplify trading across the globe. The core feature you can get from the 3Commas terminal is its advanced trading bots and analytical tools. 

The platform’s core benefits are the following.

Crypto Bots: Free Trial 

You can monitor and manage your portfolio, launch your first bots, and access some of the best analytical tools the 3Commas terminal has.

You can get free access to the following features:

• One GRID Bot
• One Options Bot
• One DCA Bot (One multi/single pair for spot & one for margin trading)
• One Active SmartTrade
• Unlimited scalper terminal

The free trial is built to help you increase your profits straight away, also providing a room for upgrades if you feel like it.

Trade Smarter Not Harder

SmartTrade is an exclusive feature you can’t access anywhere else, but 3Commas. Smart trading is powered by TradingView indicators and designed for all traders. No more self-exhaustive trading!

Here’s how smart trading is any different from regular trading.

• Simultaneous take profit and stop-loss
• Trailing orders for take profit and stop-loss
• Stepwise profit making with step sell
• SmartCover token protection 
• TradingView charts and signals

Smart trading is a perfect way to optimize your trading activity once and for all. As easy as one, two, three.

1. Sky-high Profits 

Use split targets and trailing take profit to boost your profits

1. Lowest Buys

Use trailing buy get the best buy possible

1. No Fear

Use stop-loss or trailing stop-loss to tame your fear and stay protected

Trading Bots Signal Marketplace

The quickest way to success lies in modeling someone else’s behavior. It works in life, it works in trading! 

You can easily kick off your trading journey by following experienced traders via the trading signals they provide. What are the signals, though?

A trading signal is a trigger or start condition for your 3Commas bot. It activates your bot to trade an asset. Seasoned traders are willing to share their experience via signals for a small fee. How does it work?

All you have to do — four simple steps. 

You can get signals right on the 3Commas website. The marketplace provides multiple available options up for grabs.

Crypto Trading Bots Pricing 

The plans range from $14.5 to $49.5 per month with annual payment, and $29 to $99 with monthly payment, depending on the features you want. In other words, you can save a lot if you subscribe upfront.

A year plan comes with a solid discount of up to 25%. To save even more, you can refer friends and get an additional 25% off the price, resulting in a 50% discount for year-round support & powerful features. 

However, you can stay free as long as you want, still enjoying some of the functions 3Commas provides. You can find more information on plans here. 

Closing Thoughts

If you’re looking for the best crypto bot, you might have found it, it might hide somewhere within the extensive list of the best cryptocurrency trading bots for 2022. 

To maximize your chances, you might want to scrutinize the list a couple of times and read more about top-scored bots like 3Commas.