10 Best Crypto Trading Bots

Crypto trading is one of the riskiest ways for people to earn money. There, I said it. It’s highly volatile, and human decision-making thought processes are delayed, limited, and usually driven by their emotions.

Some would consider trading crypto as “Impractical” because even professional traders have bad days. Some even have a whole bad quarter.

No one can accurately predict the outcome or price range of each token, and people can only speculate. We can only assume and make educated guesses based on facts, historical data, and sometimes even feelings. Furthermore, not everyone has the time to do all the necessary steps and research to become a successful trader. That’s why people came up with a solution to solve this problem.

Trading bots were made to do just that.

Crypto trading bots can trade 24/7 straight, have no emotions that could cloud judgment, and can do calculations far beyond what the human brain could do. It uses a set of algorithms and programs to analyze the market and figure out when would be the best time to buy and sell each token (this is just one strategy, of course).

But not all trading bots can make a profit. Most of them lose against the market. At the end of the day, a crypto trading bot can only be as good as its creator, so we’ve picked the best trading bots that you can take advantage of today.

Is auto trading safe?

Since we are talking about your money, it is always important to DYOR (Do Your Own Research), which is the reason why you are here.

And of course, since we are not certified experts on this, it’s important to note that I am not a financial advisor, so always take everything with a grain of salt and always refer to multiple sources before pulling out your credit card.

So, is auto trading safe? For the most part, the answer is yes. Especially if they are licensed by governing bodies like FinCen, and if they are a legal entity and not just some free bots that you’ve downloaded somewhere.

There will be fees involved, of course, and that’s a price that should be paid for your peace of mind.

That said, let’s take a look at what crypto trading bots are and how they actually work.

What are trading bots?

In the simplest of terms, these are scripts or platforms that run on specific rules that you set so you don’t have to manually do the buying and selling.

The basic idea is to buy low and sell high. But trading platforms and bots do more complicated calculations to make a profit for their users, so it’s not just simply “buy when the chart is red, sell when it’s green” kind of thing.

How do trading bots work?

There are several strategies (from real human traders and automated through bots) that can be employed through these trading bots. For example, the most common ones are Grid Trading and Arbitrage Trading.

  • Grid Trading – This is literally buying low, sell high.
  • Arbitrage Trading – This means trade on market price differences.
See an Example:

If you can buy BTC for 1% cheaper on Marketplace A over Marketplace B, of course, you’ll buy it where it’s cheaper… and then sell it where it’s being traded higher for a quick and small profit.

There are dozens of strategies out there, but it will take at least 3 different posts if we are going to talk about them. Besides, you’re here for the bots, right?

1. Pionex

Pionex

Pionex is the first cryptocurrency exchange platform that offers free crypto trading bots to its users. To date, there are a total of 16 trading bots built-in for each account that users can leverage, so it is an entire suite of tools, and you only need to pay for the transactions you make.

Pionex is based in Singapore, and they have been operating since 2019, and they’ve been MSB (Money Service Business) licensed by FinCen, which is a huge green flag.

Experts and newbies will be able to comfortably use Pionex even without prior experience. However, Pionex doesn’t have a demo account for beginners to get accustomed to the process. But for a platform offering their service for free, with 16 trading bots that can be used, what more can you ask for, right?

Pionex’s Fees

Pionex doesn’t have subscription fees. Instead, they charge transaction fees for only 0.05% per trade, which is cheap compared to other platforms that charge even more on top of having a subscription fee.

PROS

  • No subscription fee.
  • Low trading fees, 0.05%/trade.
  • Supports over 40 cryptocurrencies.
  • Simple and easy to use.
  • AI strategy to determine the best course.

CONS

  • No demo account.
Writer’s note: This might sound biased but Pionex is the first crypto trading bot I personally tried (just a few days before writing this article) and being new to this entire thing (automated trading), I find it very user-friendly. The good thing is, for now I’m still seeing profit so I’m keeping my bots running.

2. BravoBot

BravoBot

BravoBot is a new trading bot platform rapidly becoming popular with both small and big traders for its fair pricing structure and powerful trading bot engine.

The team at BravoBot are crypto traders themselves. They noticed that many crypto bot trading platforms had steep upfront subscription costs that don’t even guarantee you were making a profit.

Moreover, they noticed the lack of confidence users had in their trading bot strategies. Generally, most crypto trading platforms only allow you to backtest your bot between one week and two months.

BravoBot allows users of any size to start trading for free. Users pay a commission on only the bot’s actual profit. The commission is 15% of the profit, and the total cannot go above $100/month, allowing users to always get the best price. Moreover, BravoBot has a powerful backtesting engine that enables users to backtest as far as one year back or even specify the date range they want to test.

BravoBot’s Fees

For a limited time, new BravoBot users can earn their first $10 in profit for free, so give them a try.

3. GoodCrypto

GoodCrypto

GoodCrypto is a cryptocurrency trading and portfolio management app that allows you to connect with the most popular blockchain wallets, get regular alerts on transactions, and enter and exit positions at better prices.

One of the best features of the GoodCrypto app is the automated trading bots. All you have to do is specify the options and let the automated trading bots do their magic, saving you a lot of time. Here’s a detailed review on how GoodCrypto works.

PROS

  • Powerful chart and trade-automation features.
  • Centralised platform for managing multiple accounts on different exchanges.
  • 3 different types of trading bots offering different functions and features.

CONS

  • A bit of a learning curve to understand how things work.

4. Gunbot

Gunbot

Gunbot, founded in 2016, is one of this list’s oldest and perhaps most advanced trading bots. They take pride in being a ‘community-driven’ trading bot with regular updates based on the community’s wishes.

Because of the impressive number of strategies & indicators they offer, this bot might not have been the best option for beginners in the past. However, those days seem to be over as they implemented profitable pre-set strategies, GB School (easy-to-follow articles and videos on how to use Gunbot), and a free cloud-based version of their famous Stepgrid strategy to get acquainted with the software.

Gunbot’s Fees

Gunbot doesn’t work with a subscription-based model; instead, they choose a one-time fee that grants you lifetime access with all future updates included.

At the time of writing:

  • ONE Edition is free,
  • Standard Edition costs 0.014₿,
  • Pro Edition is 0.025₿, and
  • Ultimate Edition sets you back 0.04₿.

Standard licenses and above receive a number of free Gunthy tokens, which are required to run your license.

PROS

  • Supports every crypto/pair available on the exchange.
  • Quality support and very helpful community.
  • Supports 130+ exchanges (+ has its own exchange).
  • Custom strategies, paper trading, market making, arbitrage.
  • Mobile app.
  • Blockchain-based license (free tokens).

CONS

  • On-premise.
  • Expensive at the start (reselling license is possible).

5. Cleo.finance

cleo.finance

Cleo.finance is an innovative crypto trading platform where crypto traders can automate and backtest their trading strategies instantly. There are 5 main features of cleo.finance – Smart Trade, Asset Management, Automated Loop, Backtesting, and Position Replay. All of them are complementary to each other and allow traders to do everything they need: research trading strategies, execute them on connected exchange, and analyze their results in depth.

Traders can create their own custom trading conditions via Smart Trade feature and automate it via their Automated Loop. The Asset Management tool offers advanced risk management controls where traders can set multiple stop losses and take profits. All target and protection levels are automatically synced into the integrated chart.

cleo.finance

Image: Cleo.finance lets you replay positions of each trading bot in detail.

Traders can also watch and monitor their trading bot’s performance with extensive statistics on the platform and constantly configure and improve their trading bots based on current market conditions. The unique analysis tool, Position Replay, is used to replay every position in detail right in the chart and provide traders in-depth look into their trading approach.

With cleo.finance’s fast backtesting tool, you can test the crypto trading bots on historical data before deploying them live. The backtesting tool accounts for transaction costs and fees for more realistic results, which is a huge plus.

cleo.finance

Image: Cleo.finance UI that shows a deployed crypto trading bot’s results and statistics

The timeframes available are from 1-minute data to 1-day trading timeframes. All of those research, analyze, and execute phases of trading can be done in minutes on cleo.finance. so that traders can focus on the efficiency of their trading system rather than spending massive amounts of time on overly complex and intimidating trading platforms.

Cleo.Finance’s Fees

Cleo.finance offers 7-day trial after signing up to the platform, with the following pricing plans:

  • Free Plan: Free Plan is only for users who connect their OKX account to cleo.finance. Users with an OKX account are also able to participate in cleo.finance Cashback Program where they can earn up to $6000 by just trading through cleo.finance..
  • Trader Plan: 49 EUR per month (39 EUR per month with yearly plan) has double the live trading slots to Free plan and is aimed for users who want to trade on Binance Futures.
  • Trader Pro Plan: 149 EUR per month (129 EUR per month with yearly plan) allows for 50 live traded crypto bots at the same time and 200 backtests every month. Cleo.finance also offers more backtests for heavy users – all you need to do is send them an email.

PROS

  • Fast execution speed around 300ms.
  • Easy-to-use and user-friendly interface.
  • Excellent backtesting – including the costs and fees.
  • Ever-expanding data sets – more than just classic technical indicators.
  • The flexibility of conditions you can create.
  • Offers Free templates.
  • Competitive pricing.
  • Integrated Tradingview chart.
  • Multiple stop and take profits.
  • Customizable parameters and timeframes.
  • Detailed analysis tools via position replay and comprehensive statistics.
  • Full package solution.

CONS

  • Limited list of supported exchanges.
  • No Mobile app.
  • No social trading.
  • No copy trading.

6. TradeSanta

TradeSanta

TradeSanta also allows its users to trade cryptocurrencies automatically without being too hands-on. They offer their services for a very cheap price, starting at $14 to $30 per month. Though sadly, their free trial only lasts for 3 days.

TradeSanta supports several crypto exchanges like Binance, HitBTC, Houbi, Coinbase Pro, OKEx, and more.

TradeSanta’s Fees

TradeSanta has three (3) paid tiers. The Basic plan for $14 a month, the Advanced plan for $20 a month, and the Maximum plan for $30 a month.

PROS

  • Supports a wide variety of cryptos.
  • Simple and easy to use.
  • Lots of useful features.
  • Affordable subscription fees.

CONS

  • No free account.

7. Cryptohopper

Cryptohopper

Cryptohopper is a programmable automated cryptocurrency trading platform. Users can set certain goals for automatic trades without you micro-managing them. For example, you can set your trading bot to take profit as soon as your investment growth goes up to 1%, 2%, 5%, and so on, or close the trade if the market value of the coin drops to a certain percent.

Experienced investors can program their bots to add their magic touch. For beginners who aren’t confident enough to make their own strategy, Cryptohopper has a marketplace that offers strategic programs that they can buy.

They also offer demo testing for you to run your program and see how it would perform without risking actual money.

Cryptohopper currently supports 75 cryptocurrencies across nine major crypto exchanges like Binance, OKEx, Houbi, Kraken, Bittrex, Coinbase Pro, Cryptopia, Poloniex, and Kucoin.

Cryptohopper’s Fees

Cryptohopper is a paid service. But they do, however, offer a 7-day trial, and after that, the Explorer plan will cost you $19 per month, the Adventure plan costs $49 per month, and a $99 monthly fee for the Hero plan.

PROS

  • Supports over 75 cryptocurrencies.
  • Simple and easy to use.
  • Lots of useful features.

CONS

  • No free account.

8. Shrimpy

Shrimpy

Shrimpy is more than just your ordinary trading platform. It also links all your different accounts from different exchange platforms, allowing users to manage their portfolios easily and have easy access to their accounts when trading.

Its user-friendly interface also makes it much easier for new users to navigate through their platform. It also has copy trading features that allow inexperienced users to copy real-time trades from top-performing traders.

If you’re someone who’s a veteran trader, you can also input your strategy and make the system execute it for you, automatically. That way you won’t have to be more hands-on and you’ll be able to do other things.

Their platform supports a total of 16 crypto exchanges, including Binance, Kucoin, Kraken, Gemini, Coinbase, and more.

Shrimpy’s Fees

The Starter plan is $19 per month, The Professional plan is $79 per month, and the Enterprise plan is $299 per month. Unfortunately, they don’t offer a free account and free trials.

PROS

  • Supports a wide variety of cryptos.
  • Simple and easy to use.
  • Lots of useful features.

CONS

  • No free account.
  • No free trials.

9. Napbots

Napbots

Napbots is a trademark of the Napoleon Crypto Group. It was launched in 2018, and since then, they’ve developed 20 proven high-earning strategies that traders can use to take advantage of the volatility of the market.

Though they only work with limited cryptocurrency exchanges, Napbots supports all the major cryptocurrencies such as Bitcoin, Ethereum, EOs, Binance coin, Ripple, and more.

Napbot’s Fees

Their service is not for free, as they don’t have a free tier, and their plan starts at 19 for the Silver subscription, €49 for the Gold subscription, and99 for the Platinum subscription, all paid monthly.

PROS

  • Offers good strategies and features to beat the market.
  • Supports most of the liquid currencies like Bitcoin, Ethereum, Binance Coin, and more.

CONS

  • No free account.
  • Only compatible with a few exchange platforms.
  • Napbots takes a $2 commission per month.
  • Requires a minimum investment of $1000.

10. Coinrule

Coinrule

The developers of Coinrule saw how “Unnecessarily complicated” the crypto market was. So when they launched Coinrule in 2017, their main goal was to provide an easy-to-use platform so anyone and everyone could participate.

They even offer a free plan so that those who cannot afford or simply don’t want to spend can still partake and earn. Aside from the free plan that they offer, they have three (3) other paid tiers that offer more features and functions.

Coinrule supports over 10 cryptocurrency exchanges, including Binance, Coinbase, Kraken, Bitmex, and more.

Coinrule’s Fees

The Hobbyist plan starts at $39.99 a month, the Trader plan costs $79.99 a month, and the Pro plan costs $499.99 a month.

PROS

  • Supports a wide variety of cryptos.
  • Simple and easy to use.
  • Lots of useful features.
  • Offers a free version.

CONS

  • No mobile application.

Bonus #1. Bitsgap

Bitsgap

Bitsgap was launched in 2018 and is a cryptocurrency management platform with crypto trading bots included.

They also offer a wide range of additional services to cryptocurrency traders. Bitsgap’s features include a demo mode, trading bots, signals, portfolio management, etc. In addition, they have several pre-made trading bot strategies, like grid trading bots, DCA trading bots, and futures trading bots, to name a few.

Using the Bitsgap GRID trading bots, you can profit from every market move.

Bitgap’s Fees:

Included in all pricing plans are:

  • 15+ supported exchanges.
  • Demo practice mode.
  • Fully automatic portfolio.
  • Multi-exchange trading terminal.
  • Smart algorithmic orders.
  • Pre-made trading bot strategies.
  • Over 175 TradingView indicators.
  • Cloud trading 24x7x365.
  • Email, Live-chat support.
  • Desktop and Mobile versions.

PROS

  • Great order selection for seasoned traders.
  • Scalping bots for small and consistent gains.
  • Demo account to try the bots before going live.

CONS

  • Slow live chat.
  • Mobile app trading is currently not available.
  • The interface can be a little bit difficult for complete beginners.

Bonus #2. Stoic

Stoic

Stoic is also a cryptocurrency platform that offers automated crypto trading bots for rapid transactions, without your supervision. You’ll just need to set goals and specific parameters, and once those conditions are met, the trading bot will make a trade for you to profit.

Not only that, they have features that allow users to link their accounts and have access to it with a touch of a button. Users can also manage their accounts through Stoic’s mobile application.

Stoic only works with the Binance exchange, supporting BTC, ETH, BCH, and LTE.

Stoic’s Fees

Stoic doesn’t have subscription fees, but they charge 5% annually from your account.

PROS

  • Low fees.
  • Simple and easy to use.

CONS

  • Only supports Binance exchange.
  • Requires users to deposit a minimum of $1000.

Bonus #3. BitUniverse

BitUniverse

Another cryptocurrency platform that helps users keep track of their portfolio and market prices, all laid out in a simple way that makes it easy for traders to comprehend. This reduces the amount of time that users have to spend just to keep track of everything that’s been going on.

BitUmiverse aids its user by doing all the necessary chores that a trader must do to have better judgment and decision making. It can also be set to trade automatically.

It works with over 26 crypto exchanges like Binance, Bittrex, Bitfiner, Coinbase, kraken, Kucoin, and more. Covering over 6000 cryptos available today.

BitUniverse’s Fees

They offer two different plans. The Free plan gives you access to all the basic tools and features you’ll need to manage your cryptos and portfolio. On the other hand, the Premium plan will cost you $20 a month and you’ll be able to enjoy the full benefits and features available on this platform.

PROS

  • Simple and easy to use.
  • Lots of useful features.
  • Affordable subscription fees.
  • Has a free version.

CONS

  • No Paper Trading/Demo feature.

Bonus #4. One Button Trader

One Button Trader

Just like its name, it only takes one button for you to customize a bot that is suited to your style and risk appetite, so you could just sit back and relax while OB trader does the work for you.

Some platforms out there make the process more complicated, as if cryptos weren’t complicated enough. So they designed this software to be straightforward and complete with all the necessary information one must need to perform successful trades.

OB trader currently supports Binance, Bitvavo, Binance US, Bitpanda, and Kraken. And many more will be available in the future.

OneButton’s Fees

OB trader offers a Free plan, but of course, more benefits and functions are given for premium plans. Starting at $29.99 a month for the Traveler plan, $125.99 a month for the Venturer plan, and $549.99 a month for the Voyager plan.

PROS

  • Super easy to use.
  • Safe and secure.
  • Affordable Subscription fees.

CONS

  • Limited exchange platforms.
  • Can only operate in 1/4- hour intervals.

Bonus #5. 3commas

3commas

Similar to Cryptohopper, 3commas is also a programmable smart trading platform that allows traders to set parameters and specific instructions to make it follow your winning strategy. Or if you’re a newbie, you also have the option to copy the trades of top-performing traders on the platform.

3commas provides their automated trading service across 12 cryptocurrency exchanges including Binance, Huobi, KuCoin, Bitfinex, Yobit, Bittrex, Bitstamp, Poloniex, Cex, HitBTC, GDAX, and OKEx.

Users get to experience their service with their 7-day free trial and they’ll have to pay for the paid plans if they want to continue using its service.

3commas’ Fees

3commas is a paid service, as you already know. The Starter package will cost you $29 monthly. The Advance package is $49 a month, and $99 a month for the Pro package.

PROS

  • Supports a wide variety of cryptos.
  • Simple and easy to use.
  • Lots of useful features.

CONS

  • No free account.

Conclusion

A select few of Crypto trading bots’ efficiency has been proven and tested to work against bear and bull markets, so I highly recommend that you cross reference what you read here against other sources – this is the proper way of DYOR, especially since it involves a lot of money.

Again, please be advised that this blog post does not contain any financial advice, its purpose is purely educational, to give you an overview of these top crypto trading bots that you can choose from as a step-up into educating yourself on how to trade smarter.

Trade safe!

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