10 BEST Crypto Trading Bots (2024) (2024)

Crypto trading bots are automated software that helps you buy and sell cryptocurrencies at the correct time. The main goal of this software is to increase revenue and reduce losses and risks. These applications enable you to manage all crypto exchange accounts in one place. Many such programs allow you to trade for Ethereum, Litecoin, Bitcoin (BTC), and more with ease.

Following is a handpicked list of Top Crypto Trading Bots/Robot with their popular features and website links.

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Best AI Crypto Trading Bots (Top Automated Bitcoin Trading Bots)

NameTrading Bot DetailsExchangeFree TrialLink
10 BEST Crypto Trading Bots (2024) (1) PionexGrid Bot, Arbitrage Bot, DCA Bot, and 12 others.Binance, Huobi global, PionexLifetime FreeLearn More
10 BEST Crypto Trading Bots (2024) (2)CryptohopperArbitrage,Copy Trading, and 10 moreHitBTC, Okex, KuCoin, Bitvavo, Bitpanda Pro, Huobi, Poloniex, Kraken, Bittrex, Bitfinex, Coinbase Pro, BinanceLifetime Free Basic PlanLearn More
10 BEST Crypto Trading Bots (2024) (3)CoinruleGrid Bot, Rebalancing Bot, DCA Bot, or develop your ownCoinbase Pro, Bittrex, Binance, Okex, Bitstamp Bitfinex, etc.Lifetime Free Basic PlanLearn More
10 BEST Crypto Trading Bots (2024) (4)BitsgapHigh Frequency Algorithm TradingBinance, OKEX, Bitfinex, HitBTC, Bittrex, Huobi, Exmo, Kucoin, CEX.IO, Kraken, Poloniex, Livecoin, Coinbene, Coinex, Gate.io7 DaysLearn More
10 BEST Crypto Trading Bots (2024) (5)DipSwayAI spot bot, AI futures bot, TradingView signal automationBinance, Binance US, Bitget, Bybit, KuCoin, OKX, BitMart, Coibase Advanced, BingX, Crypto.com, Kraken7 DaysLearn More

1) Pionex

Best for Crypto Trading for Beginners and Advanced Users

Pionex is one of the world’s 1st exchanges with 12 Free trading bots. Users can automate their trading 24/7 without always checking the markets. It aggregates the liquidity from Binance and Huobi Global and is one of the biggest Binance brokers

Pionex is one of the best cryptocurrency trading platforms offering a suite of automated trading bots, including Grid Trading Bot, Arbitrage Bot, Martingale Bot, Spot-Futures Arbitrage Bot, Rebalancing Bot, and DCA. While the platform itself is free to use, it integrates with major exchanges such as Binance, Huobi Global, and its own Pionex exchange. Mobile users can access the platform via its iOS and Android apps.

#1 Top Pick

10 BEST Crypto Trading Bots (2024) (6)

Pionex

Types of Bots: Grid Trading Bot, Rebalancing Bot, Spot-Futures Arbitrage Bot.

Price: Free Trial

Exchanges: Binance, Pionex Huobi global

Visit Pionex

Features:

  • Pionex provides 16 free crypto trading bots for retail investors.
  • The trading fee is the lowest compared to most of the major exchanges. The trading fee is 0.05% for the maker and taker.
  • Grid Trading Bot allows users to buy low and sell high in a specific price range.
  • Leveraged Grid Bot provides up to 5x leverage.
  • Spot-Futures Arbitrage bot helps retail investors to make passive income with low risk. The estimated return for this strategy is 15~50% APR.
  • Smart Trade terminal allows traders to set up stop-loss, take profit, trailing in one trade.
  • U.S. FinCEN’s MSB (Money Services Business) License approved
  • Price: Free

Pros

  • Allows users to buy low and sell high in a specific price range.
  • Spot-Futures Arbitrage bot helps retail investors to make passive income with low risk.
  • You can deposit or withdraw from your bank account and trade with USD

Cons

  • No support for custom trading strategies.

Visit Pionex >>

2) Cryptohopper

Best for Copy trading investors and Fixed Fee Option

Cryptohopperis one of the best-automated trading bots that helps you to manage all crypto exchange accounts in one place. It allows you to trade for BTC, Litecoin, Ethereum, and more.

Cryptohopper is a leading cryptocurrency trading bot compatible with exchanges like Binance, Coinbase Pro, Kraken, and more. Offering Mirror Trading, Market-Maker, Arbitrage, and AI bots, it streamlines automated trading strategies. Accessible via iOS and Android, Cryptohopper provides a lifetime free basic plan and operates with fixed monthly pricing, boasting $0 trading fees.

#2

10 BEST Crypto Trading Bots (2024) (7)

Cryptohopper

Types of Bots: Arbitrage, AI, Market-Maker, and Mirror Trading.

Price: $0 Trading Free and fixed Monthly Pricing

Exchanges: Kraken, Binance, Bittrex, Okex, KuCoin, Coinbase Pro, HitBTC, etc.

Visit Cryptohopper

Features:

  • This bitcoin trading robot allows you to create your own technical analysis.
  • You can easily get strategies and bot templates.
  • Cryptohopper protects your account by secure protocols.
  • This free bitcoin crypto trading bot keeps your data private.
  • It offers a user-friendly interface.
  • The tool provides real time performance reports.
  • Algorithms support EMA, RSI, BB, and other common signals/indicators.
  • Very advanced strategy designer with 30+ Indicators and 90+ Candle Patterns
  • Free Trial: Lifetime Free Basic Plan

Pros

  • It offers an easy and intuitive setup process, with no credit card information required to join.
  • 24/7 trading bot that hosts its services entirely using cloud storage.
  • Allows you to Paper Trade to check your strategy with zero financial risk
  • Robust Backtesting Data

Cons

  • Technical support can be limited.

Visit Cryptohopper

3) Coinrule

Best for Advanced Trading Indicators

Coinrule is an automated trading platform that enables you to trade for Binance, Kraken, Coinbase Pro, and more exchanges. This application offers 150+ trading strategies templates.

#3

10 BEST Crypto Trading Bots (2024) (8)

Coinrule

Types of Bots: Copy Trading, Leverage Bots, Over 200 Template Strategies.

Price: Free

Exchanges: Binance, Binance.US, Binance Futures, KuCoin & KuCoin Futures, Kraken, Bitpanda, OKX, etc.

Visit Coinrule

Features:

  • It offers real-time customer service.
  • It allows you to test rule performance on past data.
  • Set custom rules for trading.
  • It has a market indicator that helps you to allocate funds with ease.
  • It provides military-grade encryption.
  • Test your strategy with robust backtesting data
  • You can trade 24/7.
  • Free Trial: Lifetime Free Basic Plan

Pros

  • You can create automated trading rules based on popular indicators.
  • It offers different plans for an extra level of trading.
  • A professional team of Crypto Experts backs it.

Cons

  • No native mobile application.

Visit Coinrule >>

4) Bitsgap

Best for arbitrage across multiple crypto exchanges

Bitsgap is one of the best bitcoin trading bots that enables you to manage your crypto assets easily. This application can analyze more than 10,000 crypto pairs and detects coin with the shortest potential. It enables you to create your bot strategy with a few mouse clicks.

Bitsgap is a comprehensive crypto trading bot offering Grid Bot, Futures bots, Smart orders, and features like Trailing Up & Down for optimized trading. Compatible with a wide range of exchanges, including Binance, Kraken, and Bitfinex, it streamlines diverse trading tasks. Priced at $29/month, Bitsgap also provides a 7-day free trial for newcomers to explore its capabilities.

#4

10 BEST Crypto Trading Bots (2024) (9)

Bitsgap

Types of Bots: Futures bots, Unlimited Smart orders, Grid Bot, etc.

Price: $29/month

Exchanges: Binance, Bittrex, Huobi, Kraken, HitBTC, Poloniex, Livecoin, etc.

Visit Bitsgap

Features:

  • You can easily view your trading through a chart.
  • Bitsgap is a fully automated bot that works 24/7 hours.
  • You can test settings before investing.
  • It can be accessed without downloading it.
  • Your funds are kept on the exchange balance for security purposes.
  • This BTC trading software helps you to gain maximize Profit.
  • 100+ technical indicators and 12 chart types for quick crypto research
  • Free Trial: 7 Days
  • Price: $29/month

Pros

  • Available on over 25 brokerages.
  • Simple to use with a lot of functionality.
  • Detailed Tradingview Charts that help assess your bot performance

Cons

  • Does not have any native mobile application.

Visit Bitsgap >>

5) DipSway

Best for automated bots for beginners and advanced traders

DipSway is one of the world’s 1st crypto trading bot platforms that supports 100% automated AI powered bots. The bots are a blend of strategies and algorithms, which are optimized through a neural network model that allows the bots to be versatile throughout the market seasons.

DipSway is one of the best crypto trading platforms with 3 products at its core: the AI spot bot, the AI futures bot, and the TradingView signal automation. The bots integrate with 10+ exchanges and support 380+ crypto assets. DipSway offers paid subscriptions starting at €19.69, with a 7-day trial for any plan that suits your needs.

#5

10 BEST Crypto Trading Bots (2024) (10)

DipSway

Types of Bots:AI spot bot, AI futures bot, TradingView signal automation

Price: 7 Days Free Trial

Exchanges: Binance, Binance US, Bitget, Bybit, KuCoin, OKX, BitMart, Coibase Advanced, BingX, Crypto.com, Kraken

Visit DipSway

Features:

  • AI powered bots
  • 1 Bot can trade on 380 crypto concurrently
  • View the chart of the Sell trades and all of its conneted buys.
  • Copy the live best 10 users bots setups in different time periods to stay profitable in every market occasion
  • Access DipSway’s coin stats in live time and in different time periods
  • User can run multiple exchanges and wallets at the same time
  • Funds and operations remain in your exchange wallet for security reasons.
  • Runs in the cloud 24/7
  • Free Trial: 7 days on any plan
  • Price: starts at €19.96

Pros

  • Cloud-based trading bot platform
  • Simple to use interface
  • Minimal configuration
  • Users can request the integration of missing crypto
  • Supports 10+ exchanges
  • No deposit & No withdraw. Everything remains in your wallet
  • Human customer support

Cons

  • Doesn’t have a mobile application
  • Doesn’t support paper trading

Visit DipSway >>

6) WunderTrading

Best for Copy Trading

WunderTrading – a top trading bot platform that allows traders to easily automate their trades and create passive crypto income. It also provides a social trading network where users can copy-trade professional traders.

WunderTrading crypto trading bot offers functionalities like DCA Bot, Copy Trading, Arbitrage, and the ability to simultaneously trade across all API accounts. It is compatible with major exchanges such as Kraken, Binance, and Coinbase PRO. WunderTrading provides a lifetime free plan and offers paid subscriptions ranging from $9.95 to $44.95 monthly, with a 7-day trial for its PRO plan.

#6

10 BEST Crypto Trading Bots (2024) (11)

WunderTrading

Types of Bots: DCA Bot, Copy Trading, Futures spread trading, and more

Price: Paid plans from $9.95 to $44.95 per month. 7-day trial on a PRO plan

Exchanges: Binance, Bybit, FTX, OKX, Kucoin, Bitmex, Deribit, Bitget, Coinbase PRO, etc.

Visit WunderTrading

Features:

  • Smart Terminal: Easy to use features including multiple Take Profit targets, Trailing Stop, Swing Trading, DCA, and Move Stop Loss to breakeven.
  • TradingView/Custom signal automation: Create complex trading strategies that are executed automatically 24/7 without your involvement.
  • Copy-Trading feature allows users to copy other professional Traders and Bots in a few clicks for Free.
  • Multiple Account Management: As a feature in Terminal and for any Bot, Trader can manage numerous exchange accounts (connected through API) simultaneously.
  • Futures Spread Trading: creating and trading spreads of different crypto assets on the same exchange.
  • Arbitrage Trading: Traders can create strategies to benefit from price-difference across different crypto exchanges.
  • Crypto Portfolio Tracker: You can monitor your balances automatically via the easy to use, versatile, and feature-rich cryptocurrency portfolio tracker tools.
  • Free Trial: Lifetime Free plan is available.
  • Price: Paid plans from $9.95 to $44.95 per month. 7-day trial on a PRO plan

Pros

  • Cloud-based trading bot platform
  • 14 supported exchanges
  • Built-in Terminal to trade manually
  • Professional customer support
  • Highly customizable trading settings
  • Copy-trading through the Marketplace
  • Professional Signal Providers

Cons

  • Doesn’t support paper trading
  • No GRID bot

Visit WunderTrading

7) Cornix

Automated crypto trading for everyone

Cornix enables crypto traders to automate their own investment strategies or rent strategies created by experienced quants.

Cornix advanced crypto trading bots provide users with the option to rent specialized trading strategies or craft their own via the Cornix bot creator tools. Catering to both novices and experts, it integrates with major exchanges such as Bybit, Binance, Kucoin and Coinbase Pro. With dedicated apps for iOS and Android, Cornix offers a 14 days free trial options. Additional perks include a referral program and a wallet bonus initiative.

#7

10 BEST Crypto Trading Bots (2024) (12)

Cornix

Types of Bots: DCA Bot, GRID Bot, TradingView Bots

Price: 14 Days Free Trial

Exchanges: Bybit, Binance, Binance Futures, Kucoin, Huobi, Bitmex, etc.

Visit Cornix

Features:

  • Profitable Bot Marketplace for creators and crypto investors
  • Arbitrage, margin, grid, intraday, & index-tracking bots
  • Automated trend-following and reversion strategies
  • Powerful backtester and proprietary Optimizer
  • Boost performance with optimized configurations
  • Complex trades with multiple entries, take-profits, and stop-loss orders.
  • Mobile App (iOS and Android)

Pros

  • Customization of the grid strategy that can’t be found anywhere else.
  • Mobile app for iOS & Android
  • Easily search and filter proven bots based on your preferences.
  • Margin Trading functionality to short the market during downtrends

Cons

  • Limited number of exchanges

Visit Cornix >>

8) 3Commas

Best overall crypto bots

3Commas is committed to helping traders reap maximum profit success by minimizing investor risks and limiting exposure to losses. With no need to install additional software and already integrated across a large number of exchanges, 3Commas is a favorite among traders. Focussing primarily on providing useful tools and easily customizable features, traders can create, connect and adjust their crypto trading strategies accordingly.

3Commas is a multifaceted crypto trading platform offering a range of bots, including DCA Bot, Futures Bot, and GRID Bot. It offers integration with top exchanges such as Binance, Coinbase Pro, and Bitfinex. Catering to mobile users, it has apps for both iOS and Android platforms. To entice users, 3Commas provides a lifetime free basic plan, ensuring easy access to its features.

#8

10 BEST Crypto Trading Bots (2024) (13)

3Commas

Types of Bots: DCA Bot, GRID Bot, SmartTrades

Price: $0 on a lifetime basic plan

Exchanges: Binance, OKX, KuCoin, Coinbase Pro (GDAX), Binance TR, Binance US, BitMEX, Bitfinex, etc.

Visit 3Commas

Features:

  • Quickly access bot presets, templates and strategies via the marketplace
  • Next-level data feeds
  • Educational materials
  • Detailed FAQ section
  • 24/7 support
  • Smooth learning curve for beginners
  • 3Commas Wallet App
  • Free Trial: Lifetime Free Basic Plan

Pros

  • Automated portfolio rebalancing
  • Smart & Copy trading features
  • Test all Pro features in 3-day free trial
  • Integrated across major exchanges
  • Bots for all crypto markets – bull, bear, sideways
  • Unique bot options

Cons

  • Detailed interface may feel overwhelming to begin with – need some time to adjust
  • Hard to measure profitability as it depends on user settings
  • Hard to track average profitability, as most bots are built by users

Visit 3Commas >>

9) Quadency

Quadency is a digital asset management application that provides an automated trading solution for institutional and retail traders. It streamlines the process of investing in cryptocurrencies.

Quadency crypto trading bot offers an array of strategies such as Accumulator, Bollinger Bands, and Mean Reversion. Seamlessly integrating with major exchanges like Binance, Kraken, and Coinbase Pro, provides traders with a robust toolset for optimizing their trading. Available on both iOS and Android platforms, Quadency stands distinct for its free pricing, ensuring broad accessibility for all trading enthusiasts.

#9

10 BEST Crypto Trading Bots (2024) (14)

Quadency

Types of Bots: Accumulator, Bollinger Bands, MACD, Mean Reversion, Multi-level RSI.

Price: Free

Exchanges: AAX, Binance, Bittrex, Kraken, KuCoin, Liquid, OKEx, Binance US, Bitfinex, etc.

Visit Quadency

Features:

  • This app enables you to customize bots with ease.
  • It provides a range of automated tools and advanced TradingView (social network) charting.
  • You can get a good level of customer support.
  • Allows you to trade on Bittrex, Binance, and Kucoin.
  • It offers varieties of trading bots that can be customized with ease.
  • This one of the best trading bots supports automated trading.
  • Price: Free

Pros

  • It offers a cryptocurrency trading bot for investors of all levels.
  • You can select pre-built popular strategies, customize them, and go live in minutes.

Cons

  • Quadency platform does not have a mobile app.

Visit Quadency >>

10) TradeSanta

TradeSanta is one of the best trading bots that enables you to manage your risk easily. This application 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.

TradeSanta offers specialized strategies like MACD, RSI, and Bollinger signal to assist traders in optimizing their tactics. Compatible with key exchanges such as Binance, Bitfinex, and OKEx, it provides a streamlined trading experience. With dedicated apps for iOS and Android, TradeSanta offers a 5-day free trial, making it even more appealing by its cost-effective free pricing model.

#10

10 BEST Crypto Trading Bots (2024) (15)

TradeSanta

Types of Bots: MACD, RSI, and Bollinger signal.

Price: 5 Day Free Trial

Exchanges: HitBTC, Binance, Bitfinex, Bittrex, Huobi, BitMEX, OKEx, UPbit

Visit TradeSanta

Features:

  • Allows Spot and Futures Trading
  • You can launch trading bots with a short and long strategy with ease.
  • It provides 24/7 support.
  • It allows you to buy or sell a large volume of crypto without hassle.
  • It offers a wide range of pre-set templates.
  • You can track the bot in real time.
  • Free Trial: 5 days
  • Price: Free

Pros

  • Simple to use crypto trading bot with an intuitive design.
  • It supports most major cryptocurrency exchanges.

Cons

  • Does not have support for decentralized exchanges.

Visit TradeSanta >>

11) HaasOnline

Best for Intermediate to Advanced Bot Traders

HaasOnline is one of the oldest and well-respected crypto trading bot platforms available. You can manage automated trading on over 37 exchanges. Create bot strategies with a click of a mouse or develop your trade bot line-by-line.

HaasOnline crypto trading bot stands out with its ability to recreate various trading strategies, from Accumulation and Arbitrage to Scalping and Futures Bots. It offers a versatile platform for traders, integrated with numerous exchanges, including Binance, Kraken, and Coinbase Pro. Available with a lifetime free basic plan, HaasOnline provides options for both free basic and premium subscriptions, catering to different trading needs and experiences.

#11

10 BEST Crypto Trading Bots (2024) (16)

HaasOnline

Types of Bots: Inter-exchange Arbitrage. Recreate almost any trading strategy with bots.

Price: Free Basic and Premium Subscriptions

Exchanges: Binance, Binance.US, Bitfinex, BitMEX, Bitpanda Pro, Bitstamp etc.

Visit HaasOnline

Features:

  • Allows traders to recreate virtually any trading strategy with bot automation.
  • This bitcoin trading robot allows you to create your own technical analysis.
  • This free bitcoin trading bot keeps your data and codes private.
  • Use custom dashboards to monitor your trading bots and market movements.
  • The tool provides real time performance reports.
  • Includes HaasScript, a purpose-built scripting language developed by HaasOnline for trade bots.
  • Free Trial: Lifetime Free Basic Plan
  • Price: Free Basic and Premium Subscriptions

Pros

  • On-premise and cloud-based trading bot platforms for optimal control.
  • Non-custodial trading only requires an exchange API key with no withdrawal permission.
  • Paper trade using live order books to check performance with no financial risk.
  • Use backtesting & batch-testing to find historical optimizations that improve future ROI.
  • No blackbox trading bots, know exactly what makes your bot run.

Cons

  • Does not offer native mobile apps.

Visit HaasOnline >>

What is a Crypto Trading Bot?

Crypto trading bots are automated software that helps you buy and sell cryptocurrencies at the correct time. The main goal of this software is to increase revenue and reduce losses and risks. These applications enable you to manage all crypto exchange accounts in one place. Many such programs allow you to trade for Ethereum, Litecoin, Bitcoin (BTC), and more with ease. To find a suitable platform for using trading bots, consider exploring some of the best crypto exchanges in the UK that offer advanced trading tools and features.

Following is a list of crypto exchange with the largest number of active bots

  • Binance is supported by the highest percentage of active bots on crypto exchanges, at 83.3%.
  • Coinbase Pro follows with 66% bot support.
  • Bitfinex, Kraken, and Poloniex each have a 58% bot support rate.
  • Bitstamp and KuCoin have equal bot support, with 41% each.
  • BitMex is supported by 33% of bots.

Source: Cryptonomist

How Do Best Crypto Trading Bots Work?

Crypto trading bots are software programs designed to interact directly with cryptocurrency exchanges to analyze trading data, place trades, and execute transactions on behalf of the user. The best crypto trading bots leverage advanced algorithms and AI technologies to interpret market trends, make predictions, and execute trades at the optimal time, which can prove immensely useful in the volatile world of cryptocurrencies.

The primary purpose of a trading bot crypto is to generate as much profit as possible for the user. For instance, a Bitcoin bot will keep an eye on the price of Bitcoin and make trades based on its algorithmic understanding of when the price is likely to increase or decrease. Therefore, these bots relieve the user from the need to constantly monitor cryptocurrency prices and market trends, which is time-consuming and can lead to missed opportunities.

An AI trading bot goes a step further by employing ML (machine learning) and AI (artificial intelligence) to adapt to changing market conditions and learn from previous trades. The more data the AI trading bot processes, the more sophisticated its trading strategies become. On the other hand, an auto trading bot provides the advantage of executing trades 24/7, taking advantage of the fact that the cryptocurrency market never sleeps. This means users can earn profits even when not managing their accounts actively.

Whether a trading bot is AI-powered or auto, it is fundamentally a crypto trading software designed to make trading easier and more profitable. Like Bitcoin trading software, these bots make data-driven decisions based on various factors such as price movements, trading volume, and time. However, it’s essential to remember that while trading bots can increase the likelihood of making profitable trades, they are not infallible and should be used as part of a broader, well-researched investment strategy.

Cryptocurrency Trading Bots: FAQ Guide:

Setting up a crypto trading bot involves:

  • Selecting a bot.
  • Linking it to your chosen cryptocurrency exchange via API keys.
  • Configuring your bot based on your desired trading parameters.

Once the above steps are completed, you can activate your bot to execute trades automatically based on your strategy.

Below are some of the Best Free Crypto Trading Bots or Robots:

  • 👍 Pionex – Best for Beginners and Advanced Traders
  • 👍 Cryptohopper – Best for Day Trading
  • Coinrule – Best for Advanced Trading Indicators
  • Bitsgap – All-in-one Trading Automation Platform
  • DipSway – Best for automated bots for beginners and advanced traders
  • WunderTrading – Best for Copy Trading
  • Cornix – Automated crypto trading for everyone

There are several high-quality open-source crypto trading bots available for users interested in automated trading strategies.

  • Gekko
  • Zenbot
  • Freqtrade
  • Hummingbot
  • Catalyst

A well-executed bot can conduct many functions for you like portfolio management, rebalancing, intelligent order routing, data collection, etc.

Here are the points you should exactly improve with trading bots:

  • Repetitive Tasks: Repetitive tasks take a lot of time and effort. An excellent automated Crypto trading bot helps you to virtually copy and paste a specific task to conduct trade with no hassle. One of the good ways where bots can help with repetition is in periodic rebalances.

In case you have to conduct hourly rebalances, then you will get two options:

  1. Set the alarm every hour to rebalance your portfolio.
  2. Create a program and trading bot to rebalance the portfolio every hour.
  • Timing: Timing accuracy is important for trading. If you want to sell your currency, it is good to observe the price carefully. Here, the bot can monitor the market and execute a trade at the correct time.
  • Complications can be simplified: Every exchange pair in crypto trading should be carefully determined as per its asset quantity and trading price. The entire route needs to be finished within a specific time and the condition of the market. A wisely chosen trading bot can help you automate complicated and impossible strategies with ease.

Also Check: Best Cryptocurrency to Buy Right (Now)

Here are the important points that help you to pick the best crypto trading bot/crypto robot:

  • Free Trial: Many trading bots enable you to trade for free. It is ideal that you try the free Crypto trading bot yourself before purchasing it.
  • Social Trading: It is ideal for developing your trading strategies, but many times you may like the option to follow other traders. A good strategies marketplace can be built within a trading tool of your own choice that is cost-efficient and easy to get Profit.
  • Backtesting: You have to check whether crypto bots have backtesting features or not. It enables you to quickly test trading strategies against historical data so that you can see how your strategy perform under market condition.
  • Indices: Many trading bots provide portfolio crypto automation, and it is essential to check how they have created their indices. A good trading tool must-have information like how coins are sampled and how the market cap is weighted in the index.
  • Cloud-Based or Server Based: Most crypto bots are cloud base, and if you find them convenient, you can go for it. On the other hand, if your bots are not cloud-based and you require to keep your server/ computer running all the time, it is better to avoid such tools.
  • Trading Communities: Trading communities are a good approach for those people who have to get the most out of the trading tool. You need to compare how active the trading communities are on Discord, Telegram, or Reddit.
  • Support & Tutorials: Many crypto traders have developed training modules, videos, blogs, and to educate their users. In case you are new to trading, you can go through such a source to get a better idea of the tool. This will also help you to save valuable time while actually trading currency.
  • Crypto Tax Software Integrations: It is easy to rack up your high number of traders when you trade with crypto bots. In case you do not have the right software, this will make reporting your crypto profit and loss on your taxes challenging. It is crucial to look at the crypto tax software companies which are compatible with your desired Crypto Trading Bot Platform. Having good crypto tax software that supports your crypto trading strategy can make your tax reporting easy.

It depends on various factors. Most trading bots claim to achieve a high success rate that will work fine. However, sometimes, this will not be appropriate when the market condition is not favorable. Creating a bot based on your trading style and convenience is always better.

Trading bots are simply software; therefore, there is no guarantee of profitability. There are also many risks associated with automated platforms and trading bots. You need to understand that trading bots are commonly designed for traders, not investors, and they are also not appropriate for people new to crypto trading.

Yes, a trading bot is completely legal in cryptocurrency and the stock market (although only certain brokers allow it). Anything that is illegal under normal circ*mstances is also illegal for cryptocurrency trading.

Also Check: Best Crypto Wallets

Here are the important types of best Crypto Trading Bots:

  • Arbitrage: Arbitrage strategy involves simultaneously buying coins on one exchange and selling them on another. It is one of the first strategies crypto traders should utilize to make fast and safe profits.
  • Market Making: The primary benefit of market making is that it helps you to prevent large swings in price. It can involve making both buy and sell limit orders near the current market price. Many market-making bot traders are affiliated with their trading project.
  • Momentum Trading: Momentum Trading or trend following system is ideal for riding a positive momentum wave with assets and selling them when market momentum reverses. The basic idea behind this is the belief that the cost of your asset will increase above its average and then run out of momentum and fall down. In such a situation, buying and selling become crucial.
  • Mean Reversion: Mean Reversion is a type of AI crypto trading bot in which strategy is built on the assumption that if a price of a coin differs from its average, you can revert back to its average. For example, if the price of ZRX falls to 50 cents from an average of $1, many traders may perceive its latest price as low and buy in large quantities.
  • Copy Trading: Copy trading is a trend that enables you to automatically copy the trade of traders. It often involves a leaderboard (gamification elements) and a social community. Many crypto trading bots also enable you to copy other traders with just one mouse click.

You can file taxes for crypto arbitrage bot trading by just importing trades from exchanges to your cryptocurrency tax software. Ideally, you are aware of the total number of trades the bot will make. Trading bots having high frequency may allow numerous trades per day.

It can result in tens of thousands of transactions. However, most of the tools can handle such trading on the crypto tax plan.

Following are the way to create a crypto trading bot:

  • Backtesting: You must backtest your bots against historical data of the market before trading. You should also ensure that your backtest is much realistic as possible. This can be done by considering slippage, latency, and trading fees. You also need to collect high-quality market data by accessing the exchange APIs key.
  • Strategy Implementation: This is the next step in which you have to specify the calculations that help your bot find out when and what to trade. Once you create a strategy, you should backtest it to see how it works.
  • Execution: In this stage, your logic will be converted into an API key request that the crypto exchange can understand. Many bots enable you to simulate your strategy with fake money.
  • Job scheduler: Now, it is time to finally automate your entire process by setting up a job schedular to execute the trading strategy.

Here are the essential points to select the best software for crypto trading:

How credible is the team?

In case you are going to trust a bot with your portfolio, then ensure that the team behind it is as qualified and credible as possible. It can be done with a single checklist:

  • Know the work experience level of your team members to Identify their qualifications.
  • Find whether they have maintained a portfolio or not.
  • Know whether bot functionality is perfectly documented or not.
  • Gather information about how they are getting their funds

You have to ensure that the team remains transparent about their development. This way, they can be kept responsible for their actions.

Check your bot is using the strategy that you have to implement:

You should find out which bot will align with your strategy, which is especially important. You have to look over the bot’s website and read the guides and reviews written by other people. Furthermore, you should also know how it can be helpful to configure the bot. If you are not technologically inclined, it does not make any sense to subscribe bot.

Know how your team is providing strong support:

The next thing you need to check is the level of support provided by your development team. This can be done by following the below checklist:

  • Check those organizations have an active community on Reddit, Telegram.
  • The development team should actively communicate with those communities.
  • Ensure that developers are giving solutions to any possible bugs on time.

How expensive is it:

You have to check the pros and cons before actually using it. This will help you to save your time and money. You can also go through the free crypto trading bot services provided by any Crypto Bot Trading Platform and compare them with paid ones.

Check is it possible to adjust the bot according to market conditions:

Bots execute strategies in their own way, so sticking to a particular approach will require to see your bot is running satisfactorily or not. This way, you will not lose your investment due to poor strategy execution.

Finally, check whether it is easy to use or not.

People who are new in crypto trading have to go through the following points:

  • Functionality: Crypto trading bots come with a user-friendly interface that provides detailed analytics. Many bots enable you to set up profits and loss targets and customize your trading strategies.
  • A wide range of tools: This is an important point that helps you to create, analyze, and backtest your portfolio. You can also choose a crypto robot that enables you to copy the strategy of a successful trader.
  • Simulated profit and loss order: Here, you should be able to establish the price at which you have to make a profit or sell to stop losses.
  • Mobile App: Find whether the mobile app of the chosen crypto trading robot is available or not. This will help you to trade at any time.

Here are the pros/benefits of using trading bots:

  • Efficiency: Bot can analyze market conditions in more than one cryptocurrency. It is impossible for people who are not good at multitasking as they can only analyze market conditions by going; on the other hand, they are not multitasking.
  • Increased speed: Trading bots helps you to place the order quickly. Delay in cryptocurrency may lead to a loss in its value. Therefore, it is more effective than humans.
  • Running period: It is impossible to always stay in front of your PC and examine your investments. Trading bots, in this case, run 24/7 and therefore do not miss opportunities.

Here are the cons/ disadvantages of using trading bots:

  • Not for inexperienced traders: Cryptocurrency trading requires proper knowledge in using the bots. Changing the configuration of these bots without any experience can lead to massive losses. Therefore, a Binance trade bot is not much helpful for inexperienced users.
  • Requires monitoring: Cryptocurrency trade bots are not useful during high volatility periods. It is because they are not attached to the money, which may lead to a massive loss.
  • Security concerns: Crypto bots execute trades through integration with API. The nature of exchanges and bots can pose some unwanted risks like phishing and losing funds. So, traders need to be very careful while trading cryptocurrency.

Here are our Top Tips:

  • Limit the access of the crypto trading bot to an exchange such that it can only write or sell orders. It does not have API access to withdraw money.
  • You should limit the IP address from which you access the crypto trading bot for an extra layer of security.
  • Ensure there is enough balance in the exchanges like Coinbase, Binance, etc.
  • There is a chance that the exchange itself may be hacked. Only deal with reputed exchanges with solid security features.
  • Remember that Crypto Bots are not a money printing machine, and you will need to constantly tweak the trading bot in sync with the market changes.
  • Install the mobile app of the CyrptoBot to monitor trades and Crypto signals easily.

Best Cryptocurrency Trading Bots for Automated Crypto Trading

NameTrading Bot DetailsExchangeFree TrialLink
10 BEST Crypto Trading Bots (2024) (17)PionexGrid Bot, Arbitrage Bot, DCA Bot, and 12 others.Binance, Huobi global, PionexLifetime FreeLearn More
10 BEST Crypto Trading Bots (2024) (18)CryptohopperArbitrage,Copy Trading, and 10 moreHitBTC, Okex, KuCoin, Bitvavo, Bitpanda Pro, Huobi, Poloniex, Kraken, Bittrex, Bitfinex, Coinbase Pro, BinanceLifetime Free Basic PlanLearn More
10 BEST Crypto Trading Bots (2024) (19)CoinruleGrid Bot, Rebalancing Bot, DCA Bot, or develop your ownCoinbase Pro, Bittrex, Binance, Okex, Bitstamp Bitfinex, etc.Lifetime Free Basic PlanLearn More
10 BEST Crypto Trading Bots (2024) (20)BitsgapHigh Frequency Algorithm TradingBinance, OKEX, Bitfinex, HitBTC, Bittrex, Huobi, Exmo, Kucoin, CEX.IO, Kraken, Poloniex, Livecoin, Coinbene, Coinex, Gate.io7 DaysLearn More
10 BEST Crypto Trading Bots (2024) (21)DipSwayAI spot bot, AI futures bot, TradingView signal automationBinance, Binance US, Bitget, Bybit, KuCoin, OKX, BitMart, Coibase Advanced, BingX, Crypto.com, Kraken7 DaysLearn More

You Might Like:

  • 7 BEST Binance Trading Bots in 2024
  • 9 BEST Crypto Trading Apps (2024)
  • 9 BEST Crypto Exchange for Day Trading (2024)
  • 11 Cheapest Crypto Exchanges with Lowest Fees (2024)
  • How to Buy Dogecoin in 2024 (Easy Step Guide)
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10 BEST Crypto Trading Bots (2024) (2024)

FAQs

What is the most successful crypto trading bot? ›

15 Best Crypto Trading Bots to Watch in 2024
  • Cryptohopper. Website: Cryptohopper. Cryptohopper stands out for its tailored trading intelligence. ...
  • 3Commas. Website: 3Commas. ...
  • TradeSanta. Website: TradeSanta. ...
  • Pionex. Website: Pionex. ...
  • Gunbot. Website: Gunbot. ...
  • Octobot. Website: Octobot. ...
  • Kryll. Website: Kryll. ...
  • ZigDao. Website: ZigDao.
Jan 29, 2024

Is there a crypto bot that actually works? ›

Best for High-Volume Investors: Pionex

Pionex is a cryptocurrency exchange with built-in trading bots. It is one of the most powerful crypto platforms available, offering over 15 unique trading bots. These bots allow you to automate your investing strategy so you don't need to constantly monitor the market.

Which AI bot is best for trading? ›

There are many great options on the market, so let's take a look at the 10 best AI stock trading bots:
  • Signm. ...
  • Signal Stack. ...
  • Stock Hero. ...
  • Tickeron. ...
  • Scanz. ...
  • Imperative Execution. Image: Imperative Execution. ...
  • Algoriz. Image: Algoriz. ...
  • Kavout. Image: Kavout.
6 days ago

What is the best AI for crypto? ›

Now, let's explore the five best AI crypto trading bots that have gained popularity among traders:
  1. 3Commas. 3Commas is a renowned platform that offers a comprehensive suite of trading tools and strategies. ...
  2. Cryptohopper. ...
  3. Kryll. ...
  4. Pionex. ...
  5. Zignaly.
Mar 21, 2024

Can a trading bot make you a millionaire? ›

While crypto trading bots like 3Commas and CryptoHopper can contribute to profits and potentially build wealth over time, making millionaires solely through bots is rare and depends on various factors.

What is the best fully automated trading bot? ›

1. Dash2Trade – Overall Best Trading Bot Platform for 2024. Dash2Trade is a new automated trading platform built for the crypto market. It offers a wide range of tools for building and testing strategies, automated bot trading, market analysis, and more.

Has anyone made a successful trading bot? ›

It depends on the bot! Some lower-risk crypto trading bots boast a 99% success rate, while others execute higher-risk strategies and have a lower success rate. The main thing most investors need to consider is whether the bot they're looking at can execute their specific investment strategy successfully.

Can a crypto trading bot really generate money? ›

The profitability of a trading bot depends on various factors, such as market conditions, the bot's strategy, and the trader's risk appetite. In a bullish market, where prices are consistently rising, trading bots can generate impressive profits by executing trades at the right time.

Are crypto bots risky? ›

There is always a risk of the computer going off or the bot failing to execute, so you still have to keep an eye on them. Setting up a trading bot may require technical knowledge; you need to understand trading strategies and the crypto market.

What is the most profitable trading robot? ›

Top 5 Best Forex Trading Robots in 2024 Ranked
  1. 1000pip Climber System. The 1000pip Climber System is a forex robot that utilizes a sophisticated algorithm to continuously scan the market for potential trades. ...
  2. Waka Waka EA. ...
  3. Perceptrader AI. ...
  4. Golden Pickaxe. ...
  5. Night Hunter Pro.
Dec 14, 2023

Do professional traders use bots? ›

In conclusion, bot trading is prevalent among professional traders, offering numerous benefits such as efficiency, speed, and risk management. Professional traders leverage automated systems to enhance market analysis, diversify trading strategies, and execute trades with precision.

What is the best free AI crypto trading bot? ›

Pionex is the exchange with in-built crypto trading bots. It's one of the best free trading bot platforms for cryptocurrency I've ever seen since 2017. Pionex also created some products on options trading, such as Lottery, where you can invest as low as $1.

Which crypto will boom in 2024? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Tron (TRX)$10.1 Billion$0.1152
Polkadot (DOT)$10.2 Billion$7.12
Cosmos (ATOM)$3.4 Billion$8.64
Maker (MKR)$2.9 Billion$3,160
6 more rows

What are the best AI coins for 2024? ›

As per Coinmarketcap data as of late April 2024, AI crypto coins are a $32 billion+ market. The most popular AI crypto projects include The Graph, Injective, Oasis Network, Render, Fetch.ai, SingularityNET, Cortex, Bittensor, and Ocean Protocol.

What is the best trading bot for beginners? ›

Our Trading Platforms of Choice:
PlatformPriceExperience level
PionexFreeBeginner
PhemexFreeBeginner
ShrimpyThree plans — Free, Standard ($15 a month), Plus ($39 a month)Beginner to Intermediate
CoinruleFour Plans — Free, Hobbyist package ($29.99 a month), Trader package ($59.99 a month), or Pro packageBeginner to Advanced
5 more rows

What crypto app has the most profitable trading bot? ›

The 10 Best Crypto Trading Bots in 2024 (Reviewed)
  • Coinrule.
  • Pionex.
  • Phemex.
  • Shrimpy.
  • Coinigy.
  • 3Commas.
  • CryptoHopper.
  • TradeSanta.

What is the most profitable crypto trading method? ›

Top 10 Crypto Trading Strategy Of 2024
  • HODL Trading. ...
  • Arbitrage Trading. ...
  • Dollar-cost Averaging. ...
  • Scalping. ...
  • Swing Trading. ...
  • News-based Trading. ...
  • Long-Term Position Trading. ...
  • Day Trading. Day trading is a trading approach that involves buying and selling financial assets on the same day to profit from short-term price fluctuations.

What is the best strategy for a crypto bot? ›

Specific Strategies That Work Best for Bot Trading Cryptocurrency
  • Mean Reversion Strategies. ...
  • Momentum Trading. ...
  • Arbitrage. ...
  • Machine Learning and AI Integration. ...
  • Natural Language Processing (NLP) ...
  • High-Frequency Trading (HFT) ...
  • Trend-Based Strategies. ...
  • Technical Analysis Strategies.
Mar 28, 2024

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