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In the world of digital currencies, trading bots have become increasingly popular. This is primarily due to the 24/7 nature of the crypto markets, which makes it impossible for individual traders to keep up without the aid of automated systems.
As a result, trading bots for crypto, which are software programs that conduct trades on behalf of users based on a pre-defined set of rules, have emerged as essential tools.
In this guide, we review the Best 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, that these trading 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 from 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 trading bot for crypto is fully automated and offers just three trading strategies to choose from (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 Review
Haasonline is one of the oldest and most 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 lesser-known exchanges.
Haasonline Pricing:
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.
Haasonline Features
- Programmable script bots (written in C#).
- Ability to backtest with Discord and Telegram.
- Offers a customizable dashboard.
- Excellent tutorial for beginners.
Quadency Review
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.
Quadency Pricing
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.
Quadency Features
- A large variety of trading bots 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 Review
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.
Botcrypto Pricing:
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.
Botcrypto Features
- 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 Review
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 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.
Shrimpy Pricing
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.
Shrimpy Features
- 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 Review
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.
Cryptohopper Pricing
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.
Cryptohopper Features
- 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 are Crypto Trading Bots?
Crypto trading bots are automated software tools that conduct trades on digital currency exchanges according to predetermined parameters. They are essentially algorithms that execute trades on behalf of users, making them ideal for those who cannot devote a lot of time to the constantly fluctuating cryptocurrency market.
Trading bots use a variety of signals like price, volume, orders, time, and even the use of machine learning and artificial intelligence to execute trades. They can operate 24/7, which is a significant advantage in the crypto market which operates round-the-clock, unlike traditional stock markets.
These bots can perform a variety of functions, such as:
- Market Making: Bots can create both buy and sell limit orders near the current market price, which is especially useful in a highly volatile market such as crypto. These bots can provide liquidity and generate profit from the spread between the buy and sell price.
- Trend Trading: These bots are programmed to identify trends and execute trades based on them. If the bot identifies a rising trend, it may decide to buy, and if it identifies a downward trend, it may decide to sell.
- Arbitrage: Crypto prices can vary between different exchanges. Arbitrage bots exploit these differences by buying cryptocurrencies at a lower price on one exchange and selling them at a higher price on another.
- Portfolio Automation: Some bots can help manage your portfolio, rebalancing it to align with a chosen strategy and risk tolerance.
- Signal-Based Trading: These bots execute trades based on signals from trusted external sources or algorithms.
While trading bots can help in making efficient and informed trades, it's important to remember that they are not foolproof. They operate based on their programming and are not capable of creative thinking or intuition. As a result, they are incapable of adapting to changing market conditions outside of their programmed strategies. Therefore, it's crucial to continuously monitor and update the bot's strategy to ensure optimal performance.
Trading Bots for Crypto - Making the Right Choice
As the popularity of cryptocurrencies continues to rise, more and more investors are turning towards automated trading systems, better known as trading bots, to manage their transactions.
Trading bots have emerged as essential tools in crypto trading, thanks to their ability to work round-the-clock, their quick response to market changes, and their aptitude for handling vast amounts of data. Join us as we delve into the world of crypto trading bots and provide insight into how they work and what they offer.
What are Crypto Trading Bots?
Crypto trading bots are automated software tools that execute trades on various cryptocurrency exchanges based on predetermined parameters set by the user. They analyze market actions, such as time, price, orders, and volume, and even employ strategies based on machine learning and artificial intelligence to execute trades.
Operating 24/7, these bots significantly outpace human traders who simply cannot keep up with the never-sleeping, always-fluctuating crypto market. They are designed to remove the psychological element of trading, which can often lead to irrational decisions.
How Do They Work?
Trading bots interact directly with exchanges, placing orders instantly based on the rules set by the user. Users can set their bots to trade on signals such as price limits, market movements, and technical indicator signals.
A well-programmed crypto bot can execute trades faster and more efficiently than a human ever could. However, they require careful setup and continuous tweaking to be successful. They are not a "set-and-forget" solution but rather a tool to be used in conjunction with careful analysis and strategic planning.
Types of Crypto Trading Bots
There are several types of crypto trading bots available:
- Trend Trading Bots: These bots track market trends and execute trades based on those trends. They buy when prices are trending upward and sell when they are trending downward.
- Arbitrage Bots: These bots identify differences in the price of cryptocurrency on different exchanges. They buy at a lower price on one exchange and sell at a higher price on another, exploiting the price difference for profit.
- Coin Lending Bots: These bots lend coins to margin traders who pay back with interest. The bot continuously monitors the market to lend coins when interest is high.
- Market-Making Bots: These bots buy at the bid price and sell at the asking price, earning the spread between the two. They provide liquidity to the market and can be profitable in a sideways or stable market.
- Portfolio Automation Bots: These bots help manage your portfolio, rebalancing it based on the user's strategy and risk tolerance.
Choosing the Right Trading Bot
When selecting a crypto trading bot, consider the following factors:
- Reliability: A trading bot must be reliable and able to perform consistently. It's worth checking user reviews and doing a thorough investigation before making a decision.
- Security: Security is paramount. Ensure the bot does not have access to withdraw funds from your account and that it encrypts all sensitive data.
- Profitability: While profitability cannot be guaranteed, it's advisable to check the track record of the bot to get an idea of its performance.
- Transparency: It's vital that the bot operates transparently, revealing how it works and what strategies it uses.
- Ease of Use: If you're new to trading bots, it's essential to select one that's user-friendly and easy to understand.
Conclusion
While trading bots offer a range of benefits, including efficiency, speed, and the elimination of emotional trading, they are not a magical solution to guaranteed profits. They require ongoing monitoring, adjustments, and strategic planning.
Bots can't entirely replace human intuition and market understanding, but when used correctly, they can certainly be an invaluable tool in the crypto trading arsenal.
