The Best Cryptocurrency Trading Bots in 2020

best crypto trading bots
  • Last Updated: October 23, 2020

Cryptocurrency is a rapidly changing market – so information about trading bots changes frequently. Prices change, features are added, and ratings sway. There are three main changes that we’ve made to this version of our article: 

  1. Some bots have been updated and now have new features and pricing models. Look for more details in the “What’s New” section for each bot review. 
  2. There are two new bots added to our list – BitUniverse and Pionex. These two platforms have recently joined efforts to create the best experience possible for their users.  
  3. We have added a more detailed description of the methodology used to pick the best crypto bots of 2020.

Trading cryptocurrencies isn’t easy. This is because unlike stock markets, cryptocurrency markets don’t close, and this presents a very stressful scenario for both casual investors and seasoned traders in the industry.

The cryptocurrency market is also very volatile. If you’re a crypto investor, you’re probably familiar with the (sinking or pleasant) feeling of waking up to massive losses or large gains in your portfolio.

To retain control of trading even in your sleep and to counter the volatility of the cryptocurrency market, traders are increasingly relying on trading bots.

What’s a crypto trading bot?

Cryptocurrency trading bots are software programs that can help you automate your trading strategy and take full advantage of the crypto exchange market. These bots can carry out trading actions even while you are sleeping! Because of the added possibilities that crypto trading bots bring, more and more cryptocurrency traders are turning to these bots.

There are a wide number of crypto trading bots available to use – it can be tough for beginners to find the best place to start. This comprehensive guide will go over different kinds of crypto trading bots. By the end of it, you’ll know which bots are best, and use this information to choose one that best meets your needs.

Why are crypto trading bots useful?

Crypto trading bots remove fear and emotions from the trading equation by allowing investors to execute trades based on a predesigned strategy.

The bots also enable you to run your trading plan 24/7. If you’re a part-time cryptocurrency trader or if you’re unable to stay on top of the market at all times, the bots allow you to trade efficiently without you having to dedicate huge amounts of time to market analysis.

How do you choose the best trading bot?

 Reliability 

You can easily miss out on golden trading opportunities if your bot goes offline for some time. Reliability is, therefore, a key when acquiring a crypto trading bot.

But how can you be sure about a particular bot’s reliability? To be certain about a bot’s reliability, you need to review its users’ sentiments. Go for a bot that has a long trail of contented clients who testify of its reliability and level of service.

 Security 

Your trading bot has access to your currency. This can be risky, especially if you’re using a sketchy bot. Whereas there is no sure way of telling how secure a given trading bot is, you can limit your risks by opting for a bot that’s widely acknowledged for its security. 

 Profitability 

Using a trading bot is pointless if it doesn’t deliver the greatest possible returns. You should, therefore, do your homework on a bot’s profitability before you invest your time and money on it.

 Transparency 

Transparency is what makes cryptocurrencies stand out from traditional currencies – their whole network is totally transparent which leaves no room for foul play. The best trading bots uphold similar standards.

Go for bots built by reputable developers. Transparency not only helps you settle for a trustworthy bot, but it also enables you to get help whenever you have issues that need to be fixed.

 Ease of use 

The primary purpose of crypto trading bots is to make cryptocurrency trading easy for everyone. So you should go for bots with an intuitive interface. You should be able to control your bot with only a few clicks.

Pros and cons of using trading bots

 PROS 

  • Efficiency

Trading bots can analyze market conditions in multiple cryptocurrencies, simultaneously, and execute trades whenever there is room for making a profit.

Humans, on the other hand, are not good at this kind of multitasking. You can only analyze cryptocurrencies market conditions by going through them one at a time. And as you switch from one cryptocurrency to the other, you can miss on many profitable trades. This ability to multitask makes bots more efficient than humans.

  • Emotionless

Cryptocurrency markets are highly volatile. Also, the big players often manipulate the currencies. The emotional tumult that follows these huge price fluctuations can make you erratic which then can lead to you making regrettable orders.

Conversely, trading bots are different. They don’t have human emotions, and they are not attached to money. Markets manipulations and huge price fluctuations, therefore, don’t affect their functioning.

  •  Increased speed

We often take a long time to execute trades. Unfortunately, in the volatile cryptocurrency market, such delays can be costly as a good trade may lose its value if you take too long in executing it.

Trading bots, on the other hand, place orders instantaneously. This increased speed makes them much more effective than humans.

  • Running period

You cannot always stay in front of your computer and monitor your investments. You need sleep and other obligations that demand your attention always pop up.  But while you sleep, the cryptocurrency market marches on

 The opportunity cost of not being on top of the market 24/7 is that you miss many opportunities to make more profit. Unlike humans though, a trading bot can run 24/7 and thus never misses opportunities.

 CONS 

  •  Not suitable for inexperienced traders

Cryptocurrency bots can bolster your trading. But this requires that you have some knowledge of what’s happening behind the scenes. While some bots come with great preset trading configurations, they often don’t yield maximum returns.

Changing the settings of a bot’s configuration without knowledge of the technical aspects of trading can lead to massive losses. Bots are therefore not very useful to inexperienced traders.

  • Requires monitoring

Crypto trading bots are not very effective during high volatility periods. This is because they are emotionless and not attached to the money and so can trade successive losses which can lead to a massive overall loss.

  • Present security concerns

Crypto bots execute trades through integration with application programming interfaces (APIs). This means the two machines work together without manual intervantion.

The centralized nature of exchanges and trading bots poses some risks though.Whereas hackers avoid blockchain systems thanks to their almost impenetrable security, they target systems with central servers (like bots and exchanges). Machines that work independently like bots are especially easier to hack.

Here is what you need to do to protect yourself from hacks:

  • Keep you API keys secret
  • Switch off automated withdrawals
  • Do your home work – bots are complex tools, you need to read about protection measures, preferences, and trading strategies.

Automated Crypto Trading Bots Worth Your Attention

Many traders are facing the difficult task of choosing software for analyzing the cryptocurrency market data. The number of options is growing, so we wanted to simplify this task for you. Below is the continuation of our list of trading bots along with the breakdown of their main features, pricing, pros, and cons.

Methodology We Used for Finding the Best Automated Cryptocurrency Platform

While we were in the research phase of this article, we looked at a huge number of cryptocurrency trading bots. To keep our data objective, we created a stringent set of standards. A bot could only make it onto this list if it adequately fulfilled several criteria: team reputation, support and guides, general bot features, price, and reviews. 

1. Team Reputation

The bot development teams needed to be in good standing within the trading community. While evaluating each bot’s team, we looked for the following information: 

  • Degrees and other qualifications of each team member
  • Companies that the team members have worked for
  • The startup funding source
  • Country of incorporation
  • Team transparency

2. Support & Guides

One important consideration was how much support the team provided for the bot’s users. Were there channels available to reach out for assistance? Would they help with bugs in just a couple of days, or would it take weeks? When you’re implementing a cryptocurrency trading bot as a critical part of your trading strategy, it is crucial that you can get help quickly. We determined whether the team was sufficiently supportive by checking the following: 

  • Is there an active Discord or Telegram community, in which the team is actually active?
  • Are there multiple channels available to get in touch with the team?
  • Does the support team respond promptly?
  • Does the team publish updates to discussion forums on a regular basis?

3. General Bot Features

While it isn’t necessary to use a crypto trading bot that’s totally overloaded with extras, there are some key features that we want to see: 

    • Backtesting
    • Strategy Implementation
    • Execution
    • Job Scheduler
    • AI Algorithms

4. Trading Bot AI

The last point on the features list was AI algorithms. Why is this beneficial, and is it different from a bot? Yes, absolutely. AI strategies are more dynamic than the strategies a traditional crypto bot uses. 

Through deep machine learning, an AI bot can actually analyze and understand data – thus, it can adjust its own algorithms in order to adapt to new data. While it isn’t 100% necessary for your crypto bot to have AI features, it can be a great way to take some of the analytical burdens off of your shoulders. 

5. Prices

If you use a costly crypto trading bot, it reduces the amount of money that you can funnel into your portfolio. We aren’t saying that you shouldn’t use an expensive bot – but you should be sure to weigh the rewards vs. the cost. A $1,000 bot will likely just be eating into your portfolio. So, we tried to find bots that both provide high-quality services while also fitting into a modest budget. 

6. Ease of Use

Many crypto bots are way too complex for a beginner trader to use. We have only included bots that can fit multiple comfort levels – they provide necessary core features while also being user-intuitive. 

7. Reviews

One of the best ways to see if a crypto trading bot is worth its salt is to see the feedback that real users have given. We scoured crypto review forums, as well as more general review sites like Trustpilot. For a crypto bot to make it on our list, the majority of its users had to be satisfied.

Top 17 Best Trading Bots

1. 3commas

3Commas bot

3commas is one of the most popular web-based crypto trading bot. As of now, there are currently 220,000 registered users and 26 supported exchanges. The platform’s main priority is user satisfaction, which is why the developers continue to add new innovative features to the bot.

3commas users are able to track multiple orders on various exchanges and develop informed trading strategies.

Recently, 3commas has collaborated with Binance. This partnership ensures convenient trading conditions through Binance’s distinguished asset management and security infrastructure. Under the broker program, you can create a free Binance account and utilize tools from the 3commas platform.

What's New?

3Commas now has a Trading Academy – this excellent compilation of resources gives users the tools they need for success. When you purchase the 3Commas Pro version, you will also receive access to a free trading course. 

Since our last update about top crypto bots, 3Commas has reduced the price of all of its subscription levels.

Features

Main Features
  • Automatic trading bots for 12 exchanges
  • Backtesting
  • Portfolio Automation
  • Social Trading
  • Smart Trading
  • ETF-like crypto portfolios
  • GRID bot
  • Options bot
  • DCA bots

  1. Functionality – 3Commas comes with an intuitive user interface that is packed with detailed analytics and numerous functions. The bot allows you to set up take profits and stop loss targets as well as craft your own trading strategies.
  2. A wide range of tools – In addition to using 3comma’s performance analytics and automated bots, you can also create, analyze and back-test portfolios as well as monitor other user’s best performing portfolios. The bot also allows you to follow and copy successful trader’s strategies.
  3. Simultaneous take profit and stop loss orders: 3 commas enables you to make maximum profit by allowing you to simultaneously establish the price point atwhich you wish to sell to make a profit and the price point at which you wish to sell in order to stop losses. You can do all these within 3 comma’s SmartTrade terminal.
  4. Mobile Apps: The 3commas team has developed mobile apps for both iOS Android.
  5. Advance Order Types: 3commas enables you to set up advanced order types like trailing take-profit and stop-loss orders and contemporary take-profit and stop-loss orders. 3commas also allows you to set up advanced orders even in exchanges that currently don’t support them. If you’re frustrated by the absence of advanced orders on some exchanges, you can easily create advanced orders by linking your account to 3commas.
  6. Trader’s Diary: Do you want to organize all your trades in one place? Some traders use dedicated accounting software or Excel sheets for this. Conversely, 3commas has created a trader’s diary which gathers all your trades across exchanges and organizes them in one convenient location.

3commas Pricing

3Commas price

  1. The Starter Package ($174 per year, or $14.50 per Month with annual payment; $26.10 for monthly payment)
    • Access to Smart Trading terminal (Spot, Margin and Futures – new)
    • Paper Trading
    • Concurrent Take Profit and Stop Loss
    • Access to all available exchanges
    • Notification for cancellations and errors
  1. The Advanced package ($294 per year, or $24.50 per Month with annual payment; $44.10 for monthly payment)
    • All Starter Package plus:
    • TradingView Custom Signals
    • Simple bots
    • Single pair DCA bot (new)
    • Short and Long algorithms
    • View and copy bots
  1. The Pro Package ($594 per year, or $49.50 per Month with annual payment; $89.10 for monthly payment)
    • All Advanced Package plus:
    • Margin trading bots
    • Composite bots
    • Futures and Margin trading bots (new)
    • Bitmex, Binance Futures, ByBit bot
    • FTX futures bot (new)
    • Multi pair DCA bot (new)
    • GRID Bot
    • Options Bot (new)
    • Futures and Margin trading bots (new)
All plans include
  • a free Binance trader subscription
  • 26 supported exchanges
  • Multi-level referral program
  • Public API
  • All of your crypto accounts in a single portfolio
  • Free mobile apps
     

Platforms

3commas supports 26 exchanges including:

Binance Binance DEX Binance Futures
Binance Jersey Binance (Margin) Binance US
FTX FTX US Bitmex
Bybit Bybit Testnet Deribit
Bittrex Bitfinex Bitstamp
Cex Coinbase Pro (GDAX) Exmo
Gate IO HitBTC Huobi
Kraken Kucoin Okex
Poloniex Yobit  

Pros and cons

 PROS   CONS 
  • Intuitive and clean interface
  • Copy-trading feature
  • Smart Trading feature
  • Supports many exchanges­­­­­­­­
  • Cloud-based system
  • Offers sufficient educational tools
  • Good marketplace
  • Offers affiliate program
  • Not very useful to inexperienced traders

Note: 3 commas offers free 3 days FULL access and ability to use it for free

Get Your Free 3 Days Full Access on 3Commas

 

2. Gunbot

Gunbot (Gunthy) trading bot

Gunbot (also known as Gunthy) boasts of over 6000 active traders. It’s compatible with MAC, Linus, and the Windows platforms and so running it on your computer shouldn’t be an issue.

Gunbot places a huge priority on your privacy – it isn’t a cloud service. Instead, you install software, which collects no data about your usage. Gunbot is currently supported on Windows, Mac, Linux, and ARM. 

The software’s latest version does not demand high resources – you can run it on an old laptop or even on a Raspberry Pi. Payments are accepted through Bitcoin, Litecoin, Ethereum, and Dash. Gunbot works on 100+ supported exchanges.

What's New?

Gunbot’s most recent update added several new features, such as support for Kraken forex trading pairs, a new trading strategy (grid trading for margin/futures exchanges), and full Binance futures support. What’s more, all 100+ of the CCXT’s spot trading exchanges are now supported.

The prices have not changed since our last review.

Features

Main Features
  • Inbuilt Trading Strategies
  • 15 Buy and Sell Methods
  • Confirming Indicators
  • Additional trailing
  • Telegram Integration
  • Dollar Cost Averaging
  • Reversal Trading
  • Balance Options
  • Backtesting Add-on
  • TradingView Add-on
  • AutoConfig tools

  1. Inbuilt trading strategies: Gunbot comes with numerous inbuilt trading strategies that include Step Gain, Gain, Ping Pong, and Bollinger Bands. Many users report that BB is the most profitable strategy.
  2. Customizable: You can customize the strategies and align them to your trading style.
  3. Lite version: This bot has a Lite version that offers limited features that you can use it to experiment with smaller amounts.

Platforms

This crypto trading bot is compatible with the following major exchanges:

KuCoin Kraken Binance
Bittrex Hitbtc Bitfinex
Cobinhood Bitmex Huobi
CEX.io Poloniex Coinbase Pro
Tradingview    
and more exchanges from CCXT library

Gunbot Pricing

Gunbot (Gunthy) price

Gunbot offers four price packages depending on the features you want on the bot. The service is currently offering a 50% discount:

  1. Gunbot – Starter edition (0.02 Bitcoin, Regular price: 0.04 BTC)
    • For 1 exchange
    • 3 trading strategies
    • Unlimited pairs
    • Switch between exchanges anytime
    • Telegram integration
    • 200 Gunthy tokens
    • Chat & email support
  1. Gunbot – Standard edition (0.05 Bitcoin, Regular price: 0.10 BTC)
    • All Starter edition plus:
    • All trading strategies
    • Cryptosight
    • 500 Gunthy tokens
    • Indicators
    • Additional trailing
    • Margin trading
    • Dollar cost averaging (DCA)
    • Reversal trading
    • AutoConfig
  1. GunBot – Pro edition (0.075 Bitcoin, Regular price: 0.15 BTC)
    • All Standard edition plus:
    • 3 Exchanges included
    • 750 Gunthy tokens
    • Backtesting add-on
  1. GunBot – Ultimate edition (0.125 Bitcoin, Regular price: 0.25 BTC)
    • All Pro edition plus:
    • 5 exchanges included
    • 1250 Gunthy tokens
    • TradingView add-on

Pros and cons

 PROS   CONS 
  • Offers multiple trading strategies
  • Easy to use
  • Offer multiple licenses
  • Supports a good number of the large crypto exchanges  
  • Relatively expensive
  • There has been of occasional bug reports

 

3. CryptoHopper

Cryptohopper trading bot

Cryptohopper is a cloud-based crypto trading bot that works with a wide range of exchanges and coins. Being on the cloud enables easy setup and 24/7 trading.

Crypto Hopper offers speedy automated trading and portfolio management for over 100 cryptocurrencies. The cloud-based bot currently has over 200,000 users.

What's New?

Cryptohopper recently released its “Cryptohopper+” program, which lets users gain experience points. The more points that are gathered, the more benefits users can earn. For instance, they can get discounts, become a marketplace seller, and earn cashback credits.

Cryptohopper’s pricing model has not changed since our last review.

Features

Main Features
  • Automatic Trading
  • Market Making
  • Mirror Trading
  • Trailing Stops
  • Paper Trading
  • Strategy Designer
  • Backtesting
  • Exchange Arbitrage

  1. Easy set up: The bot comes with an intuitive dashboard that only takes about 5 minutes to set up.
  2. External signalers: It’s also one of the few bots embedded with external signalers which allows you to subscribe to professional analysts around the globe – the bot receives the signals directly and uses them in their trades.

Platforms

Currently, the bot can integrate with most major exchanges that include:

HitBTC OKEx Bitpanda Pro
KuCoin Bitvavo Binance
Binance.us Coinbase Pro Bittrex
Poloniex Bitfinex Huobi Pro
Kraken    

Cryptohopper Pricing

Hopper price

Cryptohopper offers three pricing packages with prices ranging from $19 per month to $99 per month.

  1. Explorer Hopper starter – $19/month, or $198,96 per year
    • 80 positions
    • Maximum 2 triggers
    • 15 selected coin maximum
    • Paper trading
  2. Adventure hopper medium – $49/month, or $498,96 per year
    • 200 positions
    • 50 selected coin
    • 5 triggers
    • Paper trading
  3. Hero hopper pro – $99/month, or $999 per year
    • 500 positions
    • 75 selected coin
    • Technical analysis
    • Maximum 10 triggers

Pros and cons

 PROS   CONS 
  • Easy to setup
  • Good marketplace
  • Goon coin and exchange support  
  • Insufficient team info  

Read Full CryptoHopper Review

4. TradeSanta

TradeSanta trading bot

TradeSanta is a new cloud-based tool but with an already established reputation. Along with supporting basic order types, automated bot can execute more advanced strategies. However, some functionality may take a lot of time to get accustomed to.

TradeSanta might not have as many features as other entries on this list – however, you can do quite a bit for free, and its services are high-quality. There are 7 exchanges currently supported on TradeSanta, with BitMEX coming soon.

What's New?

TradeSanta’s pricing for a Basic account has increased since the time of our last review. However, they have lowered the price for their Advanced and Maximum accounts, but removed HitBTC promo package.

TradeSanta has also made some Quality of Life improvements, including stability improvements and increased site speed. The bot is now available in Russian.

And we have moved the bot to the 4th place.

Features

Main Features
  • GRID
  • DCA
  • Extra Orders
  • Long and Short Strategies
  • Technical Indicators
  • Stop Loss

Automated options on TradeSanta include:

  • Long bot template – when you expect the asset value to rise.
  • Short bot template – when the price is projected to fall.
  • Custom template – you have the freedom to maximize the bot’s abilities with custom tools.

Additionally, TradeSanta offers technical indicators (including Trade filter, Volume filter, and Bollinger signal), an extra orders feature, buying coins for a commission, etc. You can also set the bot to enter trades at the market prices, buy more of the asset as the market goes against a position and much more.

TradeSanta Pricing

TradeSanta new prices

TradeSanta offers four tiers of pricing:

  • Minimum for free – Aside from providing only two bots, other features are included in the plan
  • Basic for $14/month (when purchased annually) – Gives you access to 49 bots. Before purchasing, you can sign up for a three day trial
  • Advanced for $20/month (when purchased annually) – Gives you access to 99 bots
  • Maximum for $30/month (when purchased annually) – Unlimited functionality, including all bots.

The bot connects to several of the  biggest crypto exchanges, including HitBTC, Binance, Bitfinex, Bittrex, Huobi, etc. It doesn’t have the most extensive range, but users are promised that more will be added in the future.

Pros and cons

 PROS   CONS 
  • Lots of automated trading options
  • Intuitive interface
  • No trading fees
  • Reliable security measures
  • Only suitable for trusted strategies
  • Few firsthand users
  • Sluggish customer support

Read Full TradeSanta Review

5. BitUniverse/Pionex

bituniverse pionex crypto trading bot

BitUniverse and Pionex have partnered up to provide the “ultimate trading experience” to its users. Because of this collaboration, Pionex users can use BitUniverse’s Trailing Take Profit Bot and Grid Trading Bot. BitUniverse users can log into their account on the Pionex platform.

What's New?

We did not include BitUniverse or Pionex in our previous list of the best crypto bots. However, due to their collaboration and increased benefits, we now believe that they deserve a 5th spot.

Features

BitUniverse offers:

  • 22+ supported exchanges
  • GRID
  • Realtime coin tickers
  • AI advisor
  • Backtesting scanner & volatility factor
  • Auto portfolio tracker

Poinex offers:

  • GRID
  • Infinity Grids 
  • Leveraged Grid
  • Margin Grid
  • Reverse Grid
  • Leveraged Reverse Grid
  • DCA
  • Trailing Take Profit
  • TWAP
  • Liquidity Aggregated Engine

BitUniverse/Pionex Pricing

bituniverse pionex trading bot prices

We couldn’t find a subscription price scheme on the BitUniverse or the Pionex website. There is a 0.05% commission fee associated with Pionex and a 0.08% one with BitUniverse.

Pros and cons

Coming soon…

6. Gekko

Gekko Trading bot

Gekko is an open source cryptocurrency trading bot that you can download on GitHub platform. The bot is compatible with the major operating systems (Linux, Windows, and macOS). It also runs on raspberry PI and cloud without any issues.

Features

  1. Web interface: The bot comes equipped with a web interface that allows you to monitor data and trading strategies.
  2. Back-test feature: Gekko allows you to back-test data and see projections of your trade results.
  3. Notification feature: It also keeps you updated through social media platforms, email, and telegram.

Platforms

Gekko supports numerous Bitcoin exchanges that include:

  • Poloniex
  • Bistamp
  • Bitfinex

The bot is not for high-frequency trading though, and it doesn’t allow you to tap into arbitrage opportunities.

Gekko Pricing

Free

Pros and cons

 PROS   CONS 
  • Totally free  
  • Not effective in high-frequency trading
  • Can’t exploit arbitrage opportunities  

7. Zenbot

zenbot crypto trading bot

Zenbot is yet another open source bitcoin trading bot. You can modify it to suit your trading preferences, and you can use it on all major operating systems.

Features

  1. Artificial Intelligence: The bot is lightweight and it’s powered by artificial intelligence.
  2. High-frequency trading & numerous assets: It’s also one of the few trading solutions capable of supporting numerous assets and at the same time handling high-frequency trading.

Platforms

Zenbot is supported by the main Bitcoin exchanges like

  • Bittrex
  • Poloniex
  • Gemini
  • GDAX
  • Quadriga

Zenbot Pricing

Free

Pros and cons

 PROS   CONS 
  • Works well in high-frequency trading
  • Can trade multiple assets simultaneously  
  • Doesn’t have a user interface to run it
  • You need technical skills  

8. AutoView

Autoview Trading bot

Autoview is a low-cost crypto trading bot that comes in the form of a Google Chrome extension. It’s not a beginner-level bot though, because you need to manually code stop-loss into its script.

Features

Free scripts: If you aren’t a good programmer, there are many free Autoview scripts available that you can use.  For instance, you can use MACD indicator to get alerts of bearish MACD and bullish crossovers.

Platforms

Autoview offers a free version that works with

  • BitmexTestnet
  • 1Broker
  • GDAX
  • Sandbox
  • Bitfinex
  • Binance
  • Kraken and ten other exchanges

Autoview Pricing

It offers a free version and a paid version that costs $269.99 per year or $24.00 per month

Pros and cons

 PROS   CONS 
  • Easy to set
  • Supports lots of exchanges
  • Low monthly charges  
  • You can’t track trades without checking the exchange
  • Requires operation in windows VPS or browser

9. CryptoTrader

Cryptotrader trading bot

CryptoTrader is an automated cloud-based crypto trading bot. This bot allows you to build your own algorithmic trading programs in only a few minutes and you don’t have to install it in your system.

Features

  1. Market place: The bot has a ‘market place’ where you can sell your strategy or buy trading strategies from other developers.
  2. Live trading &backtesting: CryptoTrader also enables live trading and backtesting in many of the key exchanges. 
  3. Test against market conditions: CryptoTrader allows you to test your strategies against backtested data and prevailing market conditions. It keeps you on top of the market by updating you on market events and trends through text and email notifications.

Platforms

 It’s supported in the key markets including

  • BTCC,
  • Bitstamp
  • Coinbase.

Cryptotrader Pricing

Cryptotrader prices

The bot’s monthly charges range between 0.0017 BTC and 0.0212 BTC per month.

Pros and cons

 PROS   CONS 
  • Easy to use
  • It’s cloud-based
  • Scant information on the team behind it  

10. BTC Robot

BTC Robot trading bot

BTC Robot is a pioneer automated Bitcoin trading bots. It runs well in the major operating systems, although its prices in various platforms vary – Mac users pay more compared to Windows users. Its cheapest plan costs $149.

Features

  1. Easy to install: The bot is known to be easy to install and use. Some users, however, claim that some of its technical aspects are hard to grasp. Also, the company points out that the predictions made by its algorithms are not always perfect.
  2. 60-day refund: What stands out most about BTC, though, is its 60-day refund policy.

BTC Pricing

BTC Robot prices

BTC offers three price packagesa $19.99 per month plan, a 39.99 per month plan, and premium plan that costs $399 per year.

Pros and cons

 PROS   CONS 
  • Easy to install
  • Fully automated  
  • To run it on MacOS you need a VPS
  • Only trades Bitcoin
  • Need to work with MT4 brokers

11. Shrimpy

Shrimpy trading bot

Shrimpy emerged on the market, in 2018, and has quickly gained popularity in the trading community. The founders had the goal of attracting people who couldn’t afford expensive bots. This is why they offer a good range of services for free.

All business operations are conducted transparently. If there is anything to update users on, the team puts out statements on their social media accounts.

Features

The primary feature of this tool is a built-in auto trade algorithm that can place orders on your behalf. Aside from automating the trading process, Shrimpy can offer a decent range of additional features:

  • Rebalancing – Instead of merely buying and holding crypto, this feature realigns your portfolio of assets for the maximum gain.
  • Backtesting – Analyze your potential strategy and compare it with historical results.
  • Social trading – Follow and copy other traders’ actions and their portfolio allocations

Shrimpy Pricing

Shrimpy trading bot prices

Shrimpy offers a free Hodler trading bot package that gives you access to all portfolio tracking features. The professional version costs from $13/month, and the enterprise version is charged individually.

The bot supports some major cryptocurrency exchanges, such as Binance, Bittrex, KuCoin, Coinbase Pro, Kraken, etc. Ideally, the list could be more extensive, but the team is working on adding more crypto exchange APIs.

Pros and cons

 PROS   CONS 
  • Lots of free features
  • Low subscription fees
  • Responsive, user-friendly design
  • Built-in social network
  • Relatively undertested bot
  • No mobile app
  • Not as high-yielding as other bots

 

12. Zignaly

Zignaly trading bot

Zignaly is another cloud-based platform requiring no installation or server updates. External signal providers (there are currently more than 20 providers) are part of the platform and help users automate the trading process.

Features

Here are the main features that make this an attractive tool for traders:

  • Crypto signals – The platform features third-party signalers, including Mining Hamster Signals, Crypto Base Scanner, and others of this type. These providers are actually industry professionals that analyze market fluctuations and predict favorable conditions for profits.
  • Trailing stop-loss – This feature is not something most exchanges offer, but it is one of the most popular strategies. It helps you profit from the market upside without the risks of losses from the crypto market upside.
  • TradeView bot – Zignaly connects to your TradingView account. TradeView bot allows you to utilize custom trading signals in combination with automatic indicators.
  • No limit on trades – There are no limitations on cryptocurrencies you can trade. It gives traders a lot of freedom to choose.

Zignaly Pricing

Zignaly prices

Zignaly offers only one pricing tier of $15.99. At this point, this subscription gives you access to priority support, unlimited coin pairs, and positions. In the future, the company assures there will be unlimited exchanges.

At this point, Zignaly only supports Binance. It might present limited opportunities to traders, but the recent announcement stated that they are planning to add Bittrex as well.

Pros and cons

 PROS   CONS 
  • 30-day free trial
  • Steady growth of users
  • Strong preset algorithms
  • Reliable signals from multiple sources
  • New to the market
  • Still in beta phase
  • Vulnerable to glitches

13. ProfitTrailer

ProfitTrailer trading bot

Over the last two years of existence, ProfitTrailer has managed to acquire quite a good reputation. There are conflicting reviews, but the bot is definitely worth a shot. You can get a closer look at this tool with free signals included within the cheapest package.

Features

Before deciding what the tool is for, consider these features:

  • Technical analysis with specific indicators – It includes Moving Average Convergence/Divergence, Bollinger Bands, Relative Strength Index, Simple Moving Average, and some other well-known trading strategies.
  • Mobile-friendliness – The platform can be accessed on Android and iOS without losses in graphics or speed.
  • Virtual private server – Normally, VPS comes with an extra cost. ProfitTrailer, on the other hand, includes VPS in three out of five pricing plans to provide a fully managed hosting environment.
  • Live chat – The brand offers multiple channels of communication, including live messages, support tickets as well as educational materials like a detailed FAQ section and video guides.

ProfitTrailer Pricing

ProfitTrailer prices

ProfitTrailer lets you choose between five packages varying in API key slots, trading settings, configuration saves, buy-sell strategies, and some other features. Prices start from €25/month for the ‘signals edition’ plan (€449 for a lifetime subscription) and go up to €99/month (€1,299 for a lifetime deal).

The platform gives you access to automated trading on Binance, BitMEX, Huobi, Bittrex, Kucoin, and Poloniex. ProfitTrailer supports all coins listed on these platforms.

Pros and cons

 PROS   CONS 
  • Wide range of tools
  • Multiple buy and sell strategies
  • Strong community of traders
  • Excellent support
  • Hard to configure
  • No documented proof of performance
  • Has to be regularly rebooted

14. Kryll.io

kryll trading bot

The team behind Kryll.io has expertise in the fields of software development, trading, law, machine learning, and economic sciences. This online platform for automated cryptocurrency trading strategies appeals to traders with different experience levels.

Features

Kryll.io has certain characteristics that make it stand out from other similar projects, such as:

  • What-You-See-Is-What-You-Trade concept – The technology behind all strategies is made as simple as possible. It ensures control of the strategies, even advanced ones.
  • Drag-and-drop editor – With this feature, you can create custom strategies by picking functional blocks. The right combination of these blocks can make a powerful one-of-a-kind strategy.
  • Kryll Marketplace – If you don’t feel confident about creating your own strategies, you can browse ready-made strategies. All the results and statistics about these strategies are made public.
  • KRL earnings – Income generated from the activity on this platform is received in KRL, Kryll.io tokens. If other users utilize your strategy, the earnings are also in KRL.

Kryll.io Pricing

kryll.io price

Kryll.io requires no paid subscription. If you want to create a strategy and test, you will not be charged for it. But whether you use your strategy or someone else’s, it will come at a fee. The fees depend on the amount of KRL tokens you are holding. For example, if you hold 200,000 KRL, you will receive a 95% fee discount.

The tool supports Binance, Bittrex, Poloniex, HitBTC, BitStamp, and other exchanges. With further development, there should be a more extensive list of available platforms.

Pros and cons

 PROS   CONS 
  • Unique product
  • Easy to use
  • Kryll Marketplace of strategies
  • Reasonable fee structure
  • Still in a nascent stage
  • Strategies may be expensive to use

15. Exchange Valet

Exchange Valet trading bot

Exchange Valet is a desktop app available to Windows, Mac, and Linux users. The app is mainly focused on automated trading functionality. Unfortunately, there is little information known about the team behind this project.

Features

The range of trading tools available on Exchange Valet includes:

  • Stop loss and take profit, which is usually provided by similar solutions;
  • Limit panic sells, trailing stop-loss orders, and simultaneous stop-loss/take-profit orders, which is not something you can always get;
  • Speed Trade feature so that you lose profitable opportunities;
  • Pie charts that provide visual representation when you look up your funds’ asset allocations.

For users who are not well-versed in cryptocurrency, there are many educational resources on the platform. Along with FAQ articles and tutorials, users can connect to their Telegram and Discord to remain updated on all the news.

Exchange Valet Pricing

Exchange Valet price

Exchange Valet doesn’t offer varying functionality across different pricing tiers. Instead, there are different billing terms – one month for $29, three months for $75, and a yearly subscription for $250. For any of the packages, you can request a 14-day trial.

Currently, you can automate cryptocurrency trading on Binance and Bittrex exchanges. For traders who want a wider variety of options, it might be a problem.

Pros and cons

 PROS   CONS 
  • Simultaneous orders
  • Mobile and email notifications
  • Suitable for beginners and advanced traders
  • Many additional features
  • Responsive customer support
  • Only two exchanges supported
  • Lack of transparent ownership
  • Need to download an app

16. Margin.de (Leonardo)

Margin.de trading bot

The Margin.de service used to be known as Leonardo before it was acquired by different owners and revamped. The interface was improved, and some functionalities were added.

Features

For example, Margin.de currently offers the following features:

  • Technical indicators – Users get access to MACD, EMA, RSI, VWAP, and other indicators
  • Visual trading – Visual representation of what markets and assets you are working with makes everything simpler
  • Drag and drop customization – The interface can be changed depending on your preferences with a few clicks

Margin.de Pricing

Margin.de price

The pricing plans for this service are organized as a one-time payment. Currently, these lifetime licenses have 25% discounts. There are three types of licenses you can choose from:

  • Starter for $129 – It gives you access to all technical indicators and bots, which is a pretty good deal. However, you can trade on only one exchange;
  • Standard for $259 – In addition to technical indicators and bots, you get to trade on all supported exchanges
  • Professional $2999 – This plan lets you add up to 3 APIs per exchange, but is linked to a single exchange account along with other capabilities available through previous packages.

As of right now, there are already many supported exchanges. The list includes Binance, KuCoin, Latoken, Coinbase Pro, Kraken, Bitfinex, and many more. The full list is available on the official website.

Pros and cons

 PROS   CONS 
  • A wide combination of indicators
  • Customizable interface
  • Robust security
  • Numerous cryptocurrency exchanges
  • No variable fee structures
  • Large initial investment
  • Overly complex custom strategies

17. Autonio

Autonio trading bot

Autonio is a decentralized, artificial intelligence trading tool. According to the team behind this project, AI-based algorithmic trading makes this tool fundamentally different from other services.

Features

Here are the most notable characteristics about the Autonio trading bot:

  • 30 key trading indicators – including Relative Strength Index, Bollinger Bands, Ultimate Oscillator, and EMA crossovers
  • Users maintaining control over the process – Even though the trade is automated, users decide how frequently the robot places trades, whether a strategy needs to be optimized, how to integrate various indicators, etc.
  • Backtesting – You can trail strategies with five indicators and see how it would perform on real historical figures
  • Social investing and trading – You have the option to track experienced traders and manage with their actions to achieve similar portfolio and profits
  • Uncommon features – trading consultancy, algorithm marketplace, order flow trading.

Autonio Pricing

A subscription for the Autonio platform costs $50/month with no differentiation of tiers or functionality. You will also have to pay a one-time registration fee. After that, you will have unrestricted access to the Autonio functionality.

At this point, the platform supports the following exchanges: Bittrex, Bitfinex, Bitstamp, Kraken, and QuadrigaCX. The cryptocurrency pair combinations you can trade with depend on what currencies are listed on these exchanges.

Pros and cons

 PROS   CONS 
  • User-friendly GUI
  • Portfolio follow/copy
  • Requires no coding or trading experience
  • Multiple indicators
  • Competitive marketplace of AI algorithms
  • Few exchanges
  • One pricing plan with no cheaper alternative
  • Little information about the team

Outsiders

1.  Tradewave

The Tradewave bot has been discontinued

tradewave trading bot

Tradewave was not a traditional trading bot. It’s was a platform that allowed you to create your own trading bot and have it automatically trade for you in exchanges. The platform was shutdown in 2017.

Features

  1. Cloud-based: This platform used Python, and it allowed you to code on your browser and have the bot run on the cloud. This means that you didn’t have to worry about downtime and your computer didn’t have to be plugged to the internet all the time.
  2. Shared trading strategies: Another great thing about Tradewave is that there were trading strategies shared in its community that you could try out.

Platforms

Tradewave supports

  • Bitstamp
  • BTC-E.

Tradewave Pricing

  • It cost 19.99 per month

Pros and cons

 PROS   CONS 
  • Free back testing
  • Simplified coding  
  • Limited free version  

2.  USI Tech

USI was banned in the United States and Canada after a cease-and-desist order against the company

USI Tech trading bot

USI Tech is a Forex trading bot that also offers cryptocurrency trading packages. Unlike most trading bots that need installation and set up, USI TECH’s approach to trading is different. As a user, you have no control of the bot. Instead, you pay for an expert cryptocurrency trader, and then USI TECH guarantees you daily profit from the trades.

USI Tech Pricing

You can opt for your preferred investment plan from which will then earn you about 1 percent of your capital daily.

Pros and cons

 PROS   CONS 
  • Easy to use
  • Offers affiliate program
  • Newbie friendly  
  • Results not guaranteed  

Features to Consider When Choosing a Cryptocurrency Trading Bot

There are some specific key functions to keep in mind when considering a cryptocurrency trading bot. You might come across these functions when researching bots, so it’s important you understand exactly what each one means. 

DCA Bots

DCA (dollar cost averaging) bots follow the DCA strategy, meaning that they invest into an asset at present intervals. This will reduce the entry price over time, allowing the trader to get a more ideal average price for their position- and, in turn, reducing consequential risks from local price movements. 

Let’s look at a practical example. Say you invest $1,000 per month into an asset for five consecutive months. Now, if the prices at the end of each month were $95, $80, $70, $90, and $100, your average price of the asset would be $85.5. If you invested the entire amount in the very beginning, you would have paid $100 per share. DCA Bots can automate this process, thus saving you money.  

Options Bots

Options are high-risk financial instruments that can be tricky to master – thankfully, options bots make it easier. To learn more about how Options work, check out our comprehensive blog post on the subject. 

GRID Bots

A GRID crypto bot acts in a similar manner as a DCA bot. The bot places an initial buy order and then more orders if the price moves in the opposite direction. The primary difference between the two bots is that a GRID bot places a separate take profit order for each buy order – whereas a DCA bot will place one take profit order for all buy orders. 

Social Trading

Some crypto bots have social trading features. When a trader uses a social trading strategy, they will observe the trading behavior of expert traders and peers and then follow along. Bots that have social trading hardcoded in will automate this process. 

Marketplace

Some crypto bots have marketplaces where users can buy and sell trading strategies and signals. 

Backtesting

Crypto bots with backtesting features will use historical data to reconstruct trades that would have happened in the past. The final result will offer the trader statistics to gauge the effectiveness of those trading strategies. The underlying theory is that a strategy that worked in the past will likely work in the future. Backtesting crypto bots will do the analysis so that the trader doesn’t have to. 

Trading Securities

Trading securities are stocks and bonds that will be purchased and sold to make money in the short term. These are fast-moving investments, so it helps to have a bot to keep on top of it, since these investments are often traded on a daily basis. 

Stop Loss and Take Profit with Trailing

Trailing stop loss can save you from a lot of losses, as it allows you to rake in some profits even if your trading position doesn’t quite make it to your profit target. It can be seen as a safety net. 

For instance, let’s say that you have an arm trailing stop-loss set to 3% and a trailing stop-loss percentage set to 1%. If your trade moved to +3.5% at its highest and then dropped by 1%, the bot will sell it at +2.5%. Now you have made a 2.5% profit, rather than taking a loss if it had dropped any further.  

Intraday Trading

Securities that are traded during the market’s business hours are considered to be intraday trades. Intraday price movements are important to day traders who want to make several trades during a single session. Day trading bots can help you automate this process. 

Scalping

Scalping is a lower-risk trade strategy used for short-term profits. A bot with scalping features will closely monitor the price of a particular asset and take advantage of fluctuations. A scalping crypto bot will consider three main factors before acting: the Relative Strength Index, support and resistance levels, and the moving average.

Top 4 Trading Bots

#Rank Bot Price Integrations
#1

3Commas

from $14.50 Month

Get Started
#2

gunthy gunbot logoGunbot

from 0.02 BTC

#3 

Cryptohopper

from $16.58 / month
#4

TradeSanta

from $14 Month

Conclusion

Cryptocurrency trading bots are vital tools for traders. If you’re capable of adjusting their settings and defining effective trading strategies, your bot can be your best trading tool.

However, some bots are either unreliable or outright scams, and so it is important that you do due diligence before you get one. Read reviews and do your homework to ensure that you choose a trustworthy and reliable crypto trading bot.

Get Your Free 3 Days Full Access on 3Commas

Disclaimer
The contents of this article are not intended to be financial advice and should not be treated as such. 3commas and its authors do not take any responsibility for your profits or losses after you read this article. The info contained herein is based on data that was gathered from a variety of sources. This should not be used as a parameter for investing. The user must do their own independent research to make informed decisions regarding their crypto investments.

 

 

 

Crypto bots

Cryptocurrency

Comment