Crypto Trading Bots

haasoline-logo
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  • Free Plan
  • Price Range - 0,028 - 0,208 BTC
  • Credit Card
  • BTC
  • Platforms Supported - 19
CryptoTrader
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  • Free Plan
  • Price Range - 0,0026 - 0,0314 BTC
  • Credit Card
  • BTC / LTC
  • Platforms Supported - 8
cwebot
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  • Free Plan
  • Price Range - $500 - $1.000 (in BTC)
  • Credit Card
  • BTC
  • Platforms Supported - 4
BTC_Robot
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  • Free Plan
  • Price Range - $19,99 - $399
  • Credit Card
  • BTC
  • Platforms Supported - 4
Gekko
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  • Free Plan
  • Price Range - FREE
  • Credit Card - FREE
  • Crypto - FREE
  • Platforms Supported - 2
Gimmer
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  • Free Plan
  • Price Range - FREE
  • Credit Card - FREE
  • Crypto - FREE
  • Platforms Supported - 8
zenbot
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  • Free Plan
  • Price Range - FREE
  • Credit Card - FREE
  • Crypto - FREE
  • Platforms Supported - 8
Gunbot
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  • Free Plan
  • Price Range - 0,006 - 0,15 BTC
  • Credit Card
  • BTC
  • Platforms Supported - 8
Coinigy
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  • Free Plan - YES (TRIAL)
  • Price Range - 0 - $99,99
  • Credit Card
  • Crypto
  • Platforms Supported - 41

Intro - Crypto Trading Bots

In this article, you’ll learn all basic information you need to make a decision whether crypto trading bots are something for your trading account or not. We’ll answer questions like, what are cryptocurrency trading bots? What are the pros and cons with cryptocurrency trading bots? What different cryptocurrency trading bots are there? And, are cryptocurrency trading bots profitable?

What are Crypto Trading Bots?

Trading bots are programmed software that can execute automated trades on predetermined criteria. This simply means that you can write certain trading rules and then go to sleep and the bot will handle all trading for you. However, it’s not as easy as sounds. A bot needs justifications and monitoring to work well and make winning trades continuously.

What are the Pros and Cons with Cryptocurrency Trading Bots?

There’s many pros and Cons with a cryptocurrency trading bots. Here are just a few:

 

Pros:

  • Saves you time.
  • Can exit a market very fast and at a predetermined level.
  • You don’t need to monitor the market all the time.

 

Cons:

  • Takes time to setup
  • You need to update and make corrections continuously since the market changes all the time.

What Different Cryptocurrency Trading Bots are There?

There are a few different categories of cryptocurrency trading bots and we have divided them into:

 

  • Free crypto trading bot: Gekko, Gimmer Zenbot
  • Purchasable crypto trading bot: Haasonline, Cryptotrader, Gunbot
  • Program your own bot with software tools: Coinigy, Github

Free Crypto Trading Bot

If you’re not an experienced trader, we suggest starting with a free crypto trading bot. You can use these tools free of charge but you need to be careful. Not all of them are reliable and some are plain scams. Gekko, Gimmer, and Zenbot are the ones worthy of your attention.

Gekko

New to automated trading? Gekko is perfect for you. The software uses historical data to simulate a live market. You can try different strategies and come up with the best one before you make real money investments. The software supports more than 20 exchanges, including Poloniex and Bitfinex. It is open-source and works on macOS, Linux, and Windows.

Gimmer

Gimmer is still in beta, but you can try the demo version for free. It’s simple to set up the software on your PC and it supports Windows, Linux, and macOS. The free crypto trading bot will include a single indicator, safety and pair. But it won’t offer leverage. The premium version will provide extra features.

crypto trading bots gimmer github screen

Zenbot

Zenbot allows traders to use its documentation in GitHub. Traders with programming skills created Zenbot to help their colleagues. The tool is open-source and anyone can modify or upgrade it. Zenbot focuses on technical analysis and supports several exchanges. Other features include paper trading and historical market simulation, as well as adjustable buy, sell, and profit stops.

Buy a Crypto Trading Bot

Once you are ready to take things to the next level, consider buying a crypto trading bot. These bots are far more reliable than free software, but some of them are pricey. Calculate if you are ready for such an investment and whether you think it can bring you a profit. We suggest choosing one of the tools below.

Haasonline

Haasbot has been helping experienced traders since 2014. The tool uses a bunch of technical indicators, as well as insurances and safeties to maximize your earnings. There are no trading or profit fees. However, the monthly subscription is expensive even for the beginner plan. While this is an excellent trading bot, only veteran investors should use it.

Cryptotrader

Cryptotrader doesn’t require you to install anything on your PC. Instead, the platform is completely cloud-based. It supports automated trading across major BTC exchanges. Testing your strategies with a historical market simulator is possible. You can also purchase a strategy in the marketplace.

Gunbot

Gunbot offers lifetime licenses at a fair price, which means beginners can think about using the tool. Experienced traders will appreciate having a bunch of options for defining a strategy. Available exchanges depend based on the version you purchase. You can check out programs that are available for purchase in the snapshot below.

crypto trading bots gunbot pricing plan

Program a Bot With a Software Tool

If you’re into programming, it shouldn’t be hard to program a trading bot. If you think that writing an algorithm to facilitate a trader’s needs isn’t difficult, take a look at these helpful software tools.

Coinigy

Coinigy provides a fantastic API that includes dozens of exchanges and thousands of market. By connecting your bot to the API, you can get live exchange rates and other relevant information. Coinigy is the only tool you need for pulling real-time information from multiple exchanges.

GitHub

GitHub is a platform for open-source software building projects. One option is to start coding your bot from scratch. GitHub also offers an alternative in accessing the code of other trading bots and upgrading it to serve your needs. Once you finish the code, you can upload the bot to the website and make it available to other users.

Are Crypto Trading Bots Profitable?

There are definitely profitable cryptocurrency trading bots. However, don’t think you can just buy a bot, setup it up, run it and you’ll make a continuously profit every month. The bot will need to be monitored and updated. Also, remember to not believe anyone that guarantees you profit since no one can do that.

Conclusion on Crypto Trading Bots

Crypto trading bots should be considered as extra tools to help you monitor the market 24/7 and execute trades on predetermined criteria. They won’t guarantee you profit and they’re not automated in a way that they’ll only need a one time programming setup. They need updates and modification to adjust for the market movements to be able to be a consistent winning trading bot.

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