In the age of digitalization, it is no surprise that online trading has taken off in a big way. And with the rise of cryptocurrencies, crypto trading has become one of the most popular forms of online trading.
If you are new to the world of crypto trading, you may be wondering how exactly it works. Well, one of the key aspects of crypto trading is the use of crypto trading bots.
Crypto trading bots are software programs that use algorithms to automatically trade on your behalf. There are a number of different crypto trading bots out there, and in this blog post, we will take a look at 11 of the best.
We will also provide some tips on choosing the right bot for you and your needs. So without further ado, let’s get started!
1. ArbitrageScanner
ArbitrageScanner is a cryptocurrency arbitrage platform registered in Dubai. Thanks to it, you can trade between CEX exchanges and DEX exchanges. It supports more than 70 exchanges and 20 DEX exchanges, while all other bots support no more than 15-20 exchanges.
They also have an interesting product. It is a cryptocurrency arbitrage screener. If you have a capital of $500, you can start earning 30-70% per day on arbitrage. You get all the training materials and access to a closed customer channel where everyone helps each other.
You don’t have to worry about your capital, you only work with major exchanges. The bot is completely manual, you do not connect via API to your accounts on exchanges. You will receive notifications about trades in telegram every 4 seconds. This is much better than automatic bots, as they are constantly hacked and steal money, and here your capital will be safe.
There is an interesting feature for clients of the service, as a service to monitor messages in social networks. In this way, you can find some news earlier than they write in the media. For example, as our readers said, thanks to this tool will see a discussion that Torn (Tornado cash) hacked and shorted on the market. And in a few hours, it was written about in the media and the price fell almost 2 times. Everyone who used Arbitrage Scanner was able to make good money.
Reviews on the Internet are positive, most reviews and media write that this is the best cryptocurrency scanner. We can also recommend it and that’s why ArbitrageScanner.io is in first place in our rating.
ArbitrageScanner Features:
- A screener that looks for bundles between exchanges and sends notifications about the difference. It is possible to earn up to 80% per day without buying tokens. Users can buy on one exchange, transfer to another exchange, and sell there.
- Support for more than 70 exchanges to arbitrage between exchanges
- The only bot that can arbitrage between 40 blockchains and 20 dex. No other bot in the world offers this.
- A product is available for service clients that monitor Telegram and Twitter and look for key news to take positions before the media.
- A completely manual bot, you only pay for a subscription. Automated bots get hacked or steal your money. Your money is safe here
- Free 1-day product trial
- Free training for customers of the service, and if you pay $899 or more for the service, you get a mentor you can call.
2. Pionex
Pionex is a Singapore-based cryptocurrency trading platform that offers tons of functionality. It’s free to register and you get access to 16 unique trading bots. With the help of these bots, you can automate your investing strategy without gawking at your screen all the time.
It offers a variety of features, including a user-friendly interface, real-time market data, and advanced charting tools. The Pionex crypto trading bot also offers a fully fleshed-out mobile app for Android and iOS devices.
Pionex Features:
- You also get 16 free built-in bots including a martingale bot.
- It has a free trial plan for retail investors and a $1288 trial fund for free.
- It has 379 coins/tokens available with only 0.05% trading fees.
- It has a spot-futures arbitrage bot that can potentially help retail investors in generating new streams of income at low risk.
- Rebalancing bots help you to HODL the coins while with the help of DCA bots you can set repeated purchases at regular intervals to offset the effects of price fluctuations.
- Pionex charges a small trading fee of 0.05%.
3. 3Commas
3Commas is one of the best crypto trading bots that enables you to gain profit with minimal effort. With the help of this programme, you can also develop a strategy based on more than 20 trading indications.
3Commas also helps users build automated trading bots while trading with them on major cryptocurrency exchanges. With this, you can use a dollar-cost averaging (DCA) strategy for your investments and integrate TradingView to get signals from third parties worldwide.
You can also perform portfolio analysis and copy trading, the latter is recommended for beginners.
3Commas Features
- 3Commas has comparatively fewer fees than other crypto bot platforms and supports 17 major exchanges.
- Users get free 3-day access to its PRO plan and can unlock more features like access to the platform’s smart trade terminal to set up stop-loss, take profit, and trail in one trade.
- It offers 3 different bots for every market condition, DCA short bots for bear markets, DCA long bits for bull markets, and Grid bots for sideways markets.
- It also has rebalancer, dashboard, paper trading, smart covers, options bots, and Signals.
- It supports backtesting and TradingView signals.
4. Coinrule
Coinrule is one of the leading crypto trading bots on the market. It offers a wide range of features and customization options, making it a great choice for both experienced and beginner traders.
One of the main advantages of using Coinrule is that it allows you to set up rules-based trades, so you can automatically execute trades based on your predetermined criteria. This makes it much easier and faster to trade than manually placing orders and can help you take advantage of market conditions that you may not have otherwise been able to capitalize on.
Coinrule also offers a free trial so you can test out its features before committing to a paid subscription.
Coinrule Features:
- Users can customize investing with over 150 trading templates automatically executed when market conditions meet predetermined parameters.
- It offers a free package with 7 complimentary templates along with 1 connected exchange and up to $3,000 in monthly trading volume.
- It has 3 paid plans for Hobbyist, Trader, and Pro costing $29.99/month, $59.99/month, and $499.99/month respectively.
- Users also get one-on-one trading tutorials and lessons and advanced charting options with unlimited template usage.
- It’s the best option out there for mobile trading while also offering robust backtesting features.
Also Read: Top Crypto Traders to follow in 2023
5. HaasOnline
One of the most popular crypto trading bots is HaasOnline. It is a bot that is designed for use with major exchanges, including Binance, Bitfinex, and Kraken. The bot is available for Windows, Mac, and Linux operating systems. HaasOnline offers a free trial period and a monthly subscription price of $19.99.
The crypto trading bot has many features, including the ability to trade multiple pairs simultaneously, set stop-loss and take-profit orders, view live market data, and more. There is also a mobile app available for Android and iOS devices.
HaasOnline Features:
- HaasOnline supports trade over a dozen cryptocurrency exchanges which you can efficiently manage using its Inter-exchange Arbitrage.
- Users can execute unlimited trades with no exchange restrictions and zero trade fees.
- HaasOnline offerings include 3 plans for 3 months, 6 months, and 12 months which you can select as per your expertise such as beginner, simple, and advanced.
- HaasOnline allows you to create your own technical analysis.
- It also provides custom dashboards to monitor your trading bots and price fluctuation.
- It provides a real-time performance report.
6. Shrimpy
If you’re looking for a simple, user-friendly crypto trading bot, Shrimply is a great option. With its easy-to-use interface and unique features, it’s hard to beat Shrimply’s wide selection.
Some of the key features of Shrimpy include One-click trading which enables you to simply click on the buy or sell button to execute a trade. Easy portfolio management to keep track of all your investments in one place. Its comprehensive set of precise market data helps users to develop the most successful strategy profiles in the market.
If you’re looking for a hassle-free way to trade cryptocurrencies then Shrimpy can come in really handy to maintain your investments when you don’t have time.
Shrimpy Features:
- It has a dashboard that displays statistics about each asset and portfolio performance metrics.
- Users can take advantage of a demo account to experiment with the platform.
- Shrimpy offers three pricing plans including a starter ($15/month), professional ($63/month), and enterprise ($299/month).
- Shrimply can also automate trades on multiple accounts simultaneously and track balance changes to software and hardware wallets.
- It keeps your API key securely encrypted and stored using FIPS (Federal Information Processing Standards) 140-2.
- It only works on the web with no mobile support.
7. Cryptohopper
Cryptohopper is a cutting-edge crypto trading bot that provides users with a wide range of features and capabilities. With Cryptohopper, you can trade manually or automatically, using a variety of different strategies. The bot also offers various customization options, so you can tailor it to your own trading style and preferences.
Cryptohopper has been designed to make crypto trading accessible to everyone, regardless of experience or expertise. The bot is easy to set up and use, and it comes with a comprehensive support team that can help you get the most out of your trading experience.
If you want to take your trading to the next level and polish your trading skills then Cryptohopper also allows beginners to copy trades with experienced traders. Crypto Hopper is definitely worth considering as it has the best artificial intelligence integrating a trader’s social sentiments.
Cryptohooper Features
- Cryptohopper offers fast automated trading and portfolio management for Bitcoin, Ethereum, Solana, and other 100+ cryptocurrencies.
- Users get a free trial as per plan – $19, $49, and $99 per month.
- It offers trading tools including bot backtesting tools, trailing stops, customizable technical indicators, configurable and saveable templates, etc.
- It provides real-time performance reports.
- Cryptohopper has an advanced strategy designer with over 30 indicators and 90+ Candle Patterns.
- It is web-based and has no mobile or desktop apps.
8. Cornix
If you’re looking for a simple, effective, and free crypto trading bot, Cornix is a great option. It’s a Telegram bot that lets you set up automated trading strategies using simple commands, and it integrates with a number of popular exchanges including Binance, Kucoin, and more.
One of the great things about Cornix is that it’s very easy to use, even if you’re not an experienced trader. And because it’s free, it’s also a great choice if you’re on a budget.
Cornix Features:
- With Cornix, you can utilize multiple entries, take-profits, and stop orders while applying complex trailing configurations to your trades.
- To get started with this trading bot, users can go for a free trial.
- Cornix offers three plans including Beginner ($19.90/month), Intermediate ($26.90/month), and Pro ($39.90/month).
- You also get push notifications to stay on top of your latest trading activities.
- You can access TradingView alerts and Pine scripts to trade based on custom indicators.
- It has a mobile app along with its web version.
Also Read: Top 10 Crypto Telegram Channels in 2023
9. TradeSanta
TradeSanta is a crypto trading bot designed to make it easy for you to trade on multiple exchanges. This crypto trading bot app allows you to choose the strategy that suits your trading style, and it enables you to set your target profit amount and close the deal at the right moment.
You can connect your accounts to the bot and it will automatically place orders for you on the exchanges. The bot supports a variety of different order types and has been designed to be user-friendly.
TradeSanta Features:
- You can instantly use this crypto trading bot as it provides a 5-day trial period before paid subscription plans.
- TradeSanta provides a basic plan at $13/month (49 bots max), an advanced plan at $23/month (99 bots max), and, a maximum plan at $35/month (unlimited bots).
- It allows spot and futures trading.
- It offers a wide range of pre-set templates and provides 24/7 support.
- As it has a cloud-based bot, you can easily save time while executing automated trades.
- It supports android and iOS in addition to the web platform.
10. Trality
With a team of experienced traders, developers, and data scientists, Trality is one of the most comprehensive crypto trading bots in the market. It offers users a wide range of features and customization options, while also being easy to use and set up. Whether you’re a beginner or an experienced trader, Trality is definitely worth checking out.
Trality Features:
- Trality has over 100+ technical indicators and supports 4 exchanges (Binance, Bitpanda, Coinbase pro, and Kraken).
- It offers a basic starter plan which is free to use but the trading volume is limited to €5,000.
- Trality has three plans including the Knight plan (€9.99), Rook plan (€39.99/month), and Queen plan (€59.99).
- It has a blazing-fast backtesting module, paper trading, and supports cloud-based live trading.
- You can easily rent out bots from experts.
- It also has a mobile app.
11. BitsGap
BitsGap is a crypto trading bot that promises to make it easy for you to trade cryptocurrencies. The bot is designed to work with a number of popular exchanges, including Binance, Kraken, and Coinbase. BitsGap also offers a mobile app, which makes it easy to keep track of your trades on the go.
The bot has a number of features that make it attractive to traders, including the ability to place stop-loss orders and take advantage of market volatility. One potential downside of the bot is that it requires you to have a certain level of knowledge about cryptocurrency trading in order to use it effectively.
BitsGap Features
- It has 100+ technical indicators and 12 chart types for quick crypto research.
- It also offers a 7-day free trial so you can explore the platform before going for any paid plans.
- BitsGap has three plans including Basic ($23/month), Advanced ($55/month), and Pro ($199/month).
- BitsGap can be accessed without downloading it and is a fully automated bot that works 24/7 hrs.
- It is available on over 25 brokerages and has detailed Tradingview Charts.
- It has email and live chat support, as well as desktop and mobile versions.
How to Choose the Right Crypto Trading Bot?
Before choosing a Crypto trading bot, you might want to do your own research on markers by monitoring how prices change. It’s vital to choose a good crypto trading bot because you would be putting your hard-earned money at stake and you shouldn’t entrust your funds with a bad trading bot.
The following factors will help you choose the right trading bot:
- If possible, first start with the free trials and small amounts before subscribing to a crypto trading bot. This will help you analyze whether the trading bot matches your trading style or not.
- The best trading bots allow customization for their users. It helps you select a trade that is more profitable for your trading.
- Select a trading bot that supports multiple strategies and gathers information from multiple social sources, news sites, crypto market makers, and many other sources.
- Don’t forget to do the backtesting before subscribing to the Crypto trading bot. The most efficient bots combine automated and manual trading strategies.
Remember, there is no perfect crypto trading bot even if it costs millions of dollars. They still make losses. The intention of using a crypto trading bot is to limit losses. Plus, the best crypto trading bots are used alongside human intervention.
Also Read: The Best Crypto Tools for Growing Your Portfolio in 2023
Frequently Asked Questions (FAQs)
1. What is a Crypto Bot?
A crypto trading bot is a software program designed to automate trading tasks such as selecting, buying, and selling cryptocurrency based on predefined parameters set by the bot’s programmer or creator. Simply put, it’s a tool that helps you execute trades in the most efficient way possible by leveraging a predefined set of rules to suit your trading needs.
2. Are crypto bots profitable?
Yes, crypto bots are profitable to some extent but one can not completely rely on them as they are simply pieces of software that may become useless during periods of high market volatility. However, it does remove some of the emotions that might lead to increased losses.
3. Are crypto bots allowed?
Yes, crypto bots are allowed as they can help you make more rational trades and remove some of the emotions that might lead to increased losses.
4. Which crypto bot is best?
To determine which crypto bot is best, you have to understand what features make a particular crypto bot better than others. All the crypto bots listed above are the best in the market yet you should always actively manage and reprogram your trading bot based on market conditions.
5. Are crypto trading bots worth it?
Yes, crypto trading bots are worth it. However, there are some down points of using notes for trading but it’s handy when you want to trade online 24×7 without sitting in front of a PC to examine investments.
6. How much does a crypto bot cost?
Initially, most crypto bots give free trials after which users can choose plans as per their preference including beginner, intermediate, and pro. Approximately, users can be charged from $19/month to $450/month.
7. How successful is a crypto trading bot?
Remember that crypto trading bots are not a shortcut to get-rich-quick, but rather an automated trading solution that will help you trade more efficiently. You really have to put in your time, effort, and knowledge to reap the benefits; using a crypto bot alone would not help you win trades.
8. Are crypto bots free?
No, crypto bots are not free but you do get a free trial period to see if the platform ticks off all the points you’re looking for.
9. What is the easiest crypto bot?
All the crypto bots listed above are the most user-friendly in the market. However, CryptoHopper is the one that is mostly preferred by beginners.