In this article, we provide basic information about all the different crypto trading bots in the market.
We will list both free crypto trading bots and premium crypto trading bots. Most crypto trading bots are compatible via an API with the top Bitcoin trading sites.
We go through what a crypto trading bot is, what are the pros and cons and we list the 12 best cryptocurrency trading bots out there.
We end this crypto trading guide with a discussion whether a crypto trading bot is profitable or not and what you should think of when you buy a bot.
What are Crypto Trading Bots?
Crypto trading bot is one of the best crypto trading tools if you aim for automated trading.
Basically, a crypto trading bot is a software that executes automated trading on predetermined criteria through carefully set instructions.
Putting it down in practice, it means that you can set down certain rules on how trading bot should behave in certain situations. The aim of the cryptocurrency trading software is to provide its user with a profitable business even when sleeping.
Another objective of trading software lies in the fact that bots provide users with crypto passive income while sleeping.
Additionally, due to how volatile cryptocurrency industry is, fast trades are possible through a set of precise instructions. The software has the ability to release numerous orders in a short time span of time.
Finally, using bots would limit emotional trading greatly, the rescuing margin of error to a minimum.
Although it seems quite fascinating, however, managing cryptocurrency trading bot is not as easy as it sounds. Human factor brings in quite a lot of surprises, especially in markets that are as volatile as cryptocurrencies. Bitcoin trading bots cannot fathom general human behavior and can make quite costly mistakes if not properly monitored.
What are the Pros and Cons with cryptocurrency trading bot?
Before you opt for a crypto trading bot, there are advantages and disadvantages you should be aware of.
Below are few of the most important pros and cons that should be on your mind while trading cryptocurrencies.
Pros - Crypto Trading Bots
– Saves time by automating deposit/withdrawals and creating orders
– Provides effective stop-loss functions through predetermined high/low price levels
– Traders do not need to download and analyze market data.
– Bots helps to avoid emotional trading
Cons - Crypto Trading Bots
– Some bots are complex to set up, which is time-consuming
– Profitable bot trading requires regular monitoring and maintenance of set instructions
– File reports for tax authorities can be very time consuming since bot trading usually involves high frequency trades and therefor there will be many inputs. However, there are software for this and we have listed the best crypto tax software with automated reports.
Are crypto trading bots worth it? Listen to Coinbureau
Below, one of the most popular crypto influencer on Youtube decribes his standing on crypto trading bots.
Best cryptocurrency trading bots
There are several types of crypto trading bots that should interest you. Firstly, there are open-source projects that offer free bot software.
Secondly, many platforms offer different purchasable programs, depending on your needs. Lastly, if you are into programming, there are a lot of websites designed to help traders create their own trading gig.
In this crypto trading guide about bots, we present you the most popular choices in the market, them being:
- Cryptx Terminal
- Margin.de (ex Leonardo)
1. Coinrule Crypto Trading Bot
Coinrule empowers regular traders to compete with professional algorithmic traders and Hedge funds. Coinrule is a smart assistant to build trading strategies without having to program a single line of code.
Coinrule is an If-This-Then-That (IFTTT)-based trading strategies editor for crypto currencies. Coinrule is a trading strategies editor developed specifically for non-professional traders. Users can pick ‘building blocks’ via a simple interface to create trading strategies, which also get tested with paper trades.
These rules are then executed automatically via crypto exchanges such as Binance whenever a certain condition as per the rule is triggered. It is safe, easy, and makes a trader’s life ten times easier.
No coding skills are required.
Coinrule provides beginner-level traders a guided visual editor to create automated strategies that are executed on trading platforms. Users can test their strategies on historical data and also on a Demo Trading platform. By teaching beginner-level traders and giving them the crypto trading tools to compete, they level the playing field between professional traders and the retail market.
Supported exchanges: Binance, Binance US, Poloniex, Bitpanda Pro, Coinbase Pro, Bitstamp, HitBTC, Kraken, Liquid, OKex
2. NapBots Crypto Trading Bot
NapBots is a powerful AI-powered cloud platform offering crypto trading bots using strategies developed by expert traders.
You connect NapBots to crypto exchanges via an API to execute automated trading strategies. These strategies are created by expert traders with over 15 years of experience in the world of quantitative trading at leading financial institutions.
By doing this, NapBots aim to democratizes trading strategies previously reserved only for large hedge funds and institutions.
NapBots is a relative new crypto trading bot with +100.000k executed trades and +7000 community members.
They are offering +20 highly performing strategies among many other features.
Zero skills are needed to start trading with NapBots with their easy-to-use interface. Actually, you can start by just copy one of the NapBots crypto trading strategies.
Supported Exchanges: Binance, Kraken, Bitfinex, BitMEX, Bitstamp, OKex, Bitpanda, Phemex. Shortly they will add CoinBase, Revolut, Kucoin, HitBTC and many more.
How to start use NapBots?
- Step 1: Connect to your favorite exchange.
- Step 2: Select the cryptographic strategies of your preference
- Step 3: Relax and let the bot do the hard work
3. WunderBit Crypto Trading Bot
Wunderbit is one of the best crypto trading bots on the market. With Wunderbit you can copy the best crypto traders with transparent track record, trade yourself using the advanced trading terminal or create fully automated trading bot using TradingView.
- Competitive Pricing
- Easy to automate TradingView strategies
- Spread Trading terminal, see below for description
- Copy trade the best crypto traders with transparent track record
What is Spread trading terminal?
Spread trading is when you find that two highly correlated assets diverse from each other. Here, you can take a trade based on the simple assumption that they will correlate back to each other. This feature is very popular among futures traders. The trading strategy is common in crypto but also between gold and silver.
What exchanges does Wunderbit support?
FTX, Deribit, Binance (Spot and Futures), Bybit, Bitmex, HitBTC, Bitpanda, Bittrex, Kucoin, OKEX, Kraken, FTX US
Features on Wunderbit
- Smart Trading – Flexible way of creating orders for smart trading: adding and editing Take Profit, Stop Loss and Trailing stops to any order.
- Marketplace – copy-traders can select best crypto trading signals and automatically follow them through Wunderbit Trading. As soon as the signal provider will generate a signal either manually or through a trading bot, copy-trader’s account will copy the trade with the same settings in real time.
- Trading bots – automate any TradingView script into the fully functioning crypto trading bot.
- Spread trading terminal – create a synthetic spread with low volatility based on any exchange traded products.
- DCA Bot – buy a certain portion of assets after the determined price deviation.
- Crypto Portfolio Tracker – easy and precise cryptocurrency portfolio tracking tool of all your crypto exchange accounts.
- Multiple Account Management – traders can easily manage multiple crypto exchange accounts.
- Grid bot trading – Coming soon
- Arbitrage trading – Coming soon
WunderBit Pricing Table
WunderBit Youtube Review
4. CryptoTrader Crypto Trading Bot
Cryptotrader is an algorithmic trading platform for cryptocurrencies that allows to automate your trading strategies via flexible built-in scripting language based on Coffeescript.
Key features for Cryptotrader trading bot is
- Cloud based bot trading (You don´t need to power on your computer 24/7). No software installation required.
- 7 days for free
- Backtesting crypto trading strategies. Here you can buy and sell crypto trading bots.
- Strategies marketplace
5. Cryptx Terminal Crypto Trading Bots
Cryptx Terminal is an all-in-one solution for crypto trading from where you can trade multiple exchanges and manage crypto trading bots.
You connect via the API key from each exchange and from Cryptx Terminal you can do arbitrage trading and much more.
With Cryptx Terminal, you can connect to Binance, Bitfinex, Bitstamp, Bittrex, HitBTC, Kraken, KuCoin, OKex, Coinbase Pro, Binance US.
There is a free plan for occasional traders and two different paid plans for more professional traders.
Read more in our Cryptx Terminal review
6. CryptoBot Crypto Trading Bot
CryptoBot is very similar to other trading programs since most of the bot types are the same.
However, its main advantage is that CryptoBot builds its own software over the Gunbot, enhancing most of its features.
You can backtest all your strategies through CryptoBot software, as it draws data form trading websites it works with. All plans are based on lifetime since payments are not monthly based.
Right now, there are three distinctive programs that are purchasable through bitcoins. Fiat payments are not available, so make sure to check out its pricing plans later on as should you opt for this bot provider.
Gunbot works on Binance, Kraken, Bitfinex, BitMEX which are all among the top Bitcoin trading sites. In addition, Gunbot works with Poloniex, Kucoin, Huobi and 130 more trading sites.
Features, apart from backtesting include TradingView add-on, crypto sight, data manipulation.
Below you can see the subscription plans and pricing of Gunbot.
7. 3commas Crypto Trading Bot
Although relatively new when compared to other platforms, 3comma comes in as one of the most reliable websites.
Bots bought through this provider work in several trading marketplaces, including Bittrex, Bitfinex, Binance, Bitstamp, KuCoin, Poloniex, HitBTC, CEX.IO, Coinbase Pro, OKEX, Huobi, and YOBIT. The company offers quite a unique feature of showing the latest results of its users on its homepage, reflecting on the success rate.
Investors have several functions at their disposal: stop-loss and take-profit tools, trailing features, long & short order bots, QFL method APIs, as well as composite bots. A free trial is always available, which should give you a pretty good idea on how the bitcoin trading bot works. Right now, it relies on the monthly subscription form three plans. Prices range between $29 (Starter pack) and $99 (Pro pack) per 30 days.
8. Zenbot Crypto Trading Bot
Zenbot allows traders to use its documentation from the GitHub platform, making it an open-sourced project just like Gekko.
Traders with programming skills created Zenbot to help others make a profit in the cryptocurrency market. Anyone can modify or upgrade it, suiting their specific needs. 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.
One of the major benefits that platform offers is the communication with other users. Ability to talk with experienced crypto traders would do wonders for your own operations. Zenbot lets your app, chatbot or phone robot to talk with others, enriching bitcoin bot trading experience. There is no set limitation on platforms or cryptocurrencies where Zenbot is applicable, as it is a free bitcoin trading bot.
9. TradeSanta Crypto Trading Bot
10. GunBot Crypto Trading Bot
Gunbot offers lifetime licenses at a fair price, which means beginners can think about using this particular tool.
Experienced traders will appreciate having a bunch of options while defining their automated bitcoin trading strategy. Depending on the purchasable plan, a number of applicable trading platforms may vary.
Overall, the trading software works with pretty much all digital coins. On the other hand, accepted trading platforms are Binance, Bittrex, Poloniex, Bitfinex, Cryptopia, Cex.io, Kucoin, GDAX, and Kraken. Platform accepts the only bitcoin for payment, so be sure to regularly check out price programs later on. For beginners, we would recommend starting with “Gunbot Starter Edition” to get the feel of the available bots.
11. Cryptohopper Crypto Trading Bot
Cryptohopper is one of those bot platforms that orient towards experts in the crypto trading industry.
The features available at this website include automatic trading, crypto signals, trailing stop functions, savable templates, technical analysis (TA), and even backtesting. Unlike CryptoBot, you pay for a monthly subscription, which included customer support should you run into issues while trading coins.
Cryptohopper offers three purchasable plans, depending on your needs. You have “Bunny”, “Hare”, and “Kangaroo” plans, which differ in a number of triggers, available positions, and order interval. Unlike many other trading bot websites, Cryptohopper accepts fiat payments, with price ranging between $19 and $99 per month.
12. Profittrailer Crypto Trading Bot
For traders that do not easily trust current solutions in the bot industry, we would recommend trying out Profittrader’s demo.
The platform offers its software for few platforms only, including Binance, Bittrex, Huobi, Kucoin, Poloniex, and VPS. On the side of payment plans, there are four programs available, including Basic, Basic VPS, Pro, and Pro VPS.
Price ranges between €499 and €1.149, depending on the chosen scheme. However, it is a lifetime payment, thus the higher price than compared to the competition. Functions include APIs, indicators, crypto signals, ProfitTrailer, VPS services, email/SMS notifications, and different strategy settings. You can check out all of these tools prior to the purchase through the demo.
13. Autoview Crypto Trading Bot
Although does not offer a large selection of platforms from which it draws its data, Autoview definitely should be under your radar.
Crypto trading bot provider offers Trading View data analysis, as well as crypto trade signals that would help you release orders in the market in a timely manner. It impacts your APIs, so be sure to test it out prior to the large-scale implementation.
It is only a Chrome extension and is far away from being the best crypto trading bot from the bunch. It supports 10 trading platforms, including BitMEX, Binance, 1Broker, and others. It can also implement strategies for any cryptocurrency, Bitcoin included. There are two plans available for you to get hands-on, with one being free. The other would require direct contact with the management of the Autoview platform.
14. Margin.de Crypto Trading Bot
Margin.de is formerly known as Leonardo and was one of the most popular crypto trading bot Reddit knew in the past. However, due to several issues, the website closed its operations and opened under the new name. The management revamped many features, giving it a new look, as well as pricing. Margin.de comes as one of the cheapest variants in the market, as you can purchase plans for a lifetime at a quite low price.
Plans include a number of features and supported trading websites ranging from $89 to $1.999 per plan. You can pay for your contracts through fiats or bitcoin. Supported platforms include Huobipro, Bitstamp, Bitfinex, Bittrex, Poloniex, OKcoin, HitBTC, Binance, Kraken, Coinbase Pro, and Bleutrade.
15. Haasonline Crypto Trading Bot
Haasonline is one of the most popular crypto trading bots in the market, offering a variety of softwares.
Both beginners and experts have numerous options to choose from when dealing with cryptocurrency and Bitcoin trading sites since Haasonline offers several programs.
Some short facts about Haasonline
- Haasonline only accept Bitcoin as payment
- Discounted 14 day trial version
- There is a o 40% discount to a renew order.
Are cryptocurrency trading bot Profitable?
There are definitely profitable cryptocurrency trading bots out there, especially those that offer multiple functions.
However, do not think that you can just by purchasing it equal continuous profits all the time. Monitoring market and your orders regularly are the key to any successful endeavor. Crypto trading bots are no different in this regard.
Your own participation and trader’s intuition are vital, especially for a market as volatile as digital coins.
Do not fall prey to ads that promise large returns by simply running the bitcoin trading software. Those softwares claiming that their programs offer any sort of guaranteed returns are most likely scams. However, it is quite possible to earn tenfold – if you happen to use right order at the right time for the right coin.
Conclusion on Crypto Trading Bots
Traders should consider crypto trading bot as a tool, helping them monitor the market and execute orders on predetermined criteria.
Even the best bitcoin trading bot does not guarantee success, as market trends might go against your strategy.
Bots need constant updates and modification to adjust for the market movements. However, with education and complete understanding of bitcoin trading signals, users can experience quite satisfying bot trading.