As long as there is volatility, there is the opportunity to make money in the cryptocurrency markets and now with the advent of artificial intelligence, there is a whole new breed of (AI) traders taking the cryptocurrency market by storm.
In this guide, we review the Best AI Crypto Trading Bots - software that monitors the crypto markets 24/7 and makes trades (even while you sleep).
In this Guide:
- The best trading bots for crypto
- What exchanges each bot support
- How the software functions
- Where to sign up for the trading bot
Please note, these bots are specifically for the cryptocurrency market.
What are the Best AI Trading Bots for Crypto?
- Stoic AI - Our #1 Choice 🏆 - Rating: ★★★★★
- HASS Online - Rating: ★★★★☆
- Quadency - Rating: ★★★★☆
- BotCrypto - Rating: ★★★★☆
- Shrimpy - Rating: ★★★★☆
- CryptoHopper - Rating: ★★★★☆
Stoic.AI 🏆 - Our Top Choice
Stoic AI is a fully automatic (crypto auto trading) bot that doesn't require any input form the user - it is already configured and fully automated. The software has been under development for the last 7 years and significantly beats the market when it comes to earnings. Stoic is also one of the easiest crypto trading bots to use - Just connect it to one of the exchanges they support, sit back, and watch the earnings roll in.
This crypto trading bot is fully automated and offers just three trading strategies to choose (as well as three different risk tunings) to fit your crypto investing risk profile. Of course, the more risk you are willing to take, the greater potential for great profit.
The bot's trading strategies are deemed to be "market neutral", which means it doesn't matter the market condition, if it is a bear or bull market, these trading bots are designed to create profit in any market.
Their best-performing trading strategy - Long Only: Uptrend King, claims an APY of up to 406%.
The pricing for this AI trading bot is also very fair, starting at just $9/month.
Haasonline is one of the oldest and well established automated trading platforms. This AI platform lets you trade on more than 16 bots at the same time. Haasonline offers an analysis of over 50 technical indicators, insurances, and many additional functions that can be used to create complex strategies.
Haasonline also offers the ability to perform backtesting.
Crypto Exchanges Supported
There are many different integrations to exchanges available, including Binance, Bittrex, Bitfinex, BitMEX, Gemini, Kraken, Coinbase and Bitstamp as well as lessor known exchanges.
Haasonline offers three pricing tiers, Beginner, Simple, and Advanced. The Beginner plan costs ₿0.011, the Simple plan costs ₿0.02, and the advanced plan costs ₿0.033. Each of these plans will fetch you more than 10 active Trading Bots, and access to safeties, insurances, and indicators.
- Programmable script bots (written in C#).
- Ability to backtest with Discord and Telegram.
- Offers a customizable dashboard.
- Excellent tutorial for beginners.
Quadency is an asset management robot built for cryptocurrencies. Quadency uses the power of artificial intelligence to provide trading solutions for both retail and institutional traders. It also streamlines all well-known crypto trading strategies.
No matter the exchange you used to access the crypto market, Quadency helps you gain deeper insights into all your holdings in real-time. This tool helps you start trading automatically very fast. Quadency lets you choose from pre-built popular strategies or customize your own to your liking.
Quadency lets you monitor all your digital assets even when you are offline. Plus, you can view prices, save charts, and customize your trading interface.
Crypto Exchanges Supported
Quadency connects to a number of exchanges, including Coinbase, Bittrex, Binance, KuCoin, Gemini, Poloniex, Kraken, and Bitfinex.
There are three main offerings - Lite, Pro, and Unlimited plans. The Lite plan is free, the Pro plan costs $49 a month, and the Unlimited plan costs $99 per month.
The Pro and Unlimited plans give you unlimited exchange accounts, wallets, and cold storage tracking, transaction history storage, advanced trading terminal, and much more.
- Large variety of trading bots that can be customized with ease.
- Fully customizable bots - to your personal specifications
- Large selection of automated trading tools and advanced TradingView charting
- Excellent customer support
Botcrypto is a completely automated crypto trading bot designed for everyone. Botcrypto works by scanning the crypto market for profitable coin pairs and then helping you trade the assets on auto-pilot to maximize gains.
This trading bot offers 24/7 support with a visual editor. It supports Dollar-Cost Averaging and smart investment, thanks to the over 20 technical indicators available on the platform.
Botcrypto lets you customize your trading strategies. Whether you want to be a day or swing trader, you can customize the bot to work on your behalf. Botcrypto works perfectly well with exchanges like Binance and Kraken.
There are 4 pricing tiers for this software:
- Bronze – 9.99 €/month
- Silver – 29.99 €/month
- Gold – 59.99 €/month
- Custom (for retail traders)
You can also buy and sell crypto assets using a credit card, which a lot of other crypto trading bots don’t offer.
- No coding skills are required.
- This bot can help you manage your emotions.
- Provides real-time performance reports.
- Botcrypto can help you take a profit when the market goes south.
Shrimpy is a social trading platform for cryptocurrency. This AI crypto trading bot can help you improve performance and reduce risk. It can also help you monitor the crypto market, track performance, and build a portfolio strategy.
You can connect Shrimpy to all your crypto exchange accounts in one place. Doing this will automate your trading strategies so that you take a profit in real-time. Shrimp will guide you on when exactly when to enter and quit trade positions.
Shrimpy uses AI to let you copy the trading strategies of expert traders and build simple portfolio management.
Crypto Exchanges Supported
This software connects to many popular exchanges, including Coinbase, Bittrex, Binance, Poloniex, KuCoin, and Kraken.
There are pricing tiers – Holder, Professional, and Enterprise plans. The 'Holder' plan is free. The 'Professional' plan starts at $13 per month. The 'Enterprise' is customizable for businesses and the price is negotiable. With both the Professional and Enterprise plans, you get a full suite of tools, including portfolio tracking, performing monitoring, cold storage support, as well as the ability to manage multiple portfolios.
Other features of both plans are access to unlimited exchanges, blacklist assets, asset balance tracker, and exchange listings.
- The API key is securely encrypted and stored using FIPS.
- AI features to simplify your portfolio management.
- Allows you to view the live market price of your book
- Offers a dashboard that includes statistics about each asset and performance metrics of a portfolio.
Cryptohopper is an AI crypto trading bot that lets you manage all your exchange activities in one place. This tool allows you to trade different crypto pairs, including BTC, Ethereum, Litecoin, and more.
At its core, Cryptohopper helps you trade the crypto market without fear or emotions. On top of that, you will gain access to a wide range of trading tools that will help you take a profit. These tools will also insulate you from market risks.
Crypto Exchanges Supported
Cyptohopper is able to connect with many popular and well known exchanges, like Binance, Coinbase, Bittrex, Bitfinex, Binance, and more.
There are two main pricing plans – Pioneer and Explorer. The Pioneer plan is free and the Explorer is $19 per month. at $19/month, you get portfolio management, manual trading, all coins for signals, and more.
- Algorithms support EMA, RSI, BB, and other popular indicators.
- Create your own technical analysis.
- Large selection of strategies and bot templates.
- Real-time performance reports.
- Device Support: iOS & Android.
What is an 'AI Crypto Trading Bot'?
An AI crypto trading bot, in the simplest terms, is a computer program that uses artificial intelligence algorithms to analyze market data and execute trades automatically on behalf of the user.
The bot can be programmed to follow specific trading strategies, make decisions based on market conditions, and execute trades in a fast and efficient manner.
This can save traders time and effort, and can also potentially lead to better returns.
How Do Cryptocurrency Bots Work?
Cryptocurrency trading AI bots typically work as follows:
- Data Collection: The AI bot collects real-time market data, such as price, volume, and order book depth, from various sources.
- Market Analysis: The AI bot uses algorithms to analyze market data and identify trends, patterns, and trading signals.
- Strategy Implementation: Based on the analysis, the AI bot implements a pre-determined trading strategy or makes decisions on when to buy, sell, or hold.
- Execution: The AI bot executes trades on behalf of the user, either by placing orders directly to the exchange or through an API connection.
- Monitoring: The AI bot continually monitors the market and adjusts its decisions and trades as necessary.
The crypto bot connects to your cryptocurrency exchange account (for example, Binance, Bittrex, Kraken). Using artificial intelligence, it gathers the necessary information for it to determine whether to make a trade.
There are many benefits to using AI trading bots, as they can run 24/7, have the ability to make thousands of important calculations to determine the best time to make a trade and are emotionless and consistently execute their trades, and can trade much faster than a human.
Benefits of Using a Crypto Trading Bot
There are many benefits to using an AI trading bot and now that the technology is out, it will likely become the main method most people use to trade in the near future.
Purely Analytical Trades
The advantage trading bots have over humans is they are emotionless. There is no fear, greed, or other emotion getting in the way of making a buy or sell decision. All trades are done with mathematical analysis.
Super Human Speed
Crypto trading bots have the ability to execute trades in milliseconds after making a decision. There is no way a human has the ability to make trades at this speed. Furthermore, bots function 24/7, making trades day and night and they never sleep. In fact, it could be said that bots are making money while you sleep and never miss a market opportunity.
High Volume Trades
Crypto trading bots also have the ability to make hundreds and even thousands of trades per day, a multitude more than a human counterpart. While many of these trades may only create small profits, given the volume of trades the bots are able to complete, these profits add up very quickly.
Another advantage over human trades is that AI bots have the ability to execute their trades with absolute consistency. They can follow specific strategies consistently and make trades based on market data, reducing the risk of emotional or irrational decisions.
Overall, the benefits of using an AI trading bot outweigh human-based trading. Day trading is a very popular method of generating income and with the use of AI trading bots, there is a distinct advantage.
Are AI Crypto Trading Bots Legal?
Yes, AI trading bots are generally considered to be legal, as long as they comply with the regulations in the jurisdiction in which they operate.
It's important to note that laws and regulations surrounding AI trading bots can vary depending on the country, and it is the responsibility of the user to ensure that they are in compliance with all applicable laws and regulations.
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