9 Best AI Crypto Trading Bots To Maximize Your Profits

The main product of Pionex is the trading bot selection, even though it supports manual trading using crypto-to-crypto conversions. This bot executes traders’ buy and sell orders with no manual input but with predefined market conditions. However, it is crucial to note that Bitcoin trading bots – or any automated trading bots for that matter, do not have the capacity to ‘think’. By this, we mean that each and every move that the Bitcoin trading bot makes is based on the pre-built specificities that have been programmed into the software. Kryll is a relatively new cryptocurrency trading bot platform that tailors its services to those with little experience in the field. The stand-out feature offered by Kryll is its super-simple ‘drag and drop’ strategy builder.

• For this reason, some users prefer not to store assets on exchanges unless they’re actively trading.
• There is crypto bot Omni for the Solana blockchain that can support passive income strategies such as crypto staking and claims to be an “expert” on DeFi.
• There are many exchanges to choose from — some with a longer track record than others.
• They learn from new data, can adjust trading strategies, and detect patterns that may not be obvious to humans.

The safety of automated crypto trading depends on the system design and whether trades are regularly monitored. However, they cannot simply be set and forgotten, expecting them to tackle market volatility and spare traders from losses perfectly. They may, however, be a reliable tool that can ease cryptocurrency trading journeys by optimizing processes and allowing 24/7 hassle-free trading. Being automatically emotionless, they help prevent unfortunate decisions relating to losing money due to human error or vice-versa. Several types of crypto trading bots are available, each differing in terms of features, functionalities and price.

Best Crypto Trading Bots

This includes the Starter, Standard, and Professional plans, which will cost you $129, $259, and $2,999, respectively. All three plans come with an unlimited number of bots, and you’ll have access to all of the provided technical indicators. Gunbot is a highly comprehensive Bitcoin trading bot provider that is best suited for those of you with experience in coding.

• Trality supports some of the most popular cryptocurrency tokens found on the supported exchanges.
• Their wide variety of DCA, Grid, and Futures bots can handle long and short positions, options, and futures using any strategy you can dream up.
• It is a good idea to make sure that any automated investment platform you choose to trust with your cryptos can prove that it works with a verifiable transaction history.

Arbitrage bots take advantage of the price differences on different exchanges, while grid trading is focused on the “buy low, sell high” strategy. First and foremost, Bitcoin trading bots solve a major problem in the wider cryptocurrency trading sphere – time. There are only so many hours that you can sit at your computer watching the markets intensively. In fact, you’ll likely suffer from trading fatigue, meaning that you might make a somewhat flawed decision that you would not have made earlier in the session when your mind was fresh.

Wunderbit Trading

The customers of this platform seem to be satisfied with its offering, and it is quite unique in its pricing model as the features aren’t split into multiple tiers, just one. It has support for over 25 cryptocurrency brokerages, including Binance, OKEX, KuCoin, Kraken, FTX, Coinbase Pro, and others. The main drawbacks real users have experienced are with the support team and withdrawal issues. On the one – hand, many would argue that the best way to go is to build your own custom bot that nobody else is using. If the bot is successful, then you retain the secret sauce, rather than having to share it with heaps of other traders. Before we explore some of the main strategies that a bot can implement, it is important to note that the specific strategies available to you will depend on your chosen provider.

• Although some newer crypto bots utilize smart contracts and operate directly on the blockchain, most automated crypto trading platforms are still APIs.
• Trading bots execute trades based on sophisticated algorithms, trained on historical market data.
• The models can also forecast volatility and price trends of assets including cryptocurrencies, stocks, and commodities.
• On the contrary, you can instruct your Bitcoin trading bot to scrape small profits within the pre-programmed consolidation parameter on a 24-hour basis.

Therefore to answer the question, of course, trading bots work, they are tools and do exactly what the user sets them to do. This also means that it is up to the user to understand and define exactly how should the trading bots operate in the trading environment. This article is written to give backgrounds of what exactly each bot is designed for, and more importantly which are the best crypto trading bots & trading terminals in today’s markets. The main purpose of crypto trading bots is to automate things that are either too complex, time-consuming, or difficult for users to carry out manually. On paper, this cryptocurrency trading bot does all of the trading legwork on behalf of the investor.

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Supported brokerages include Coinbase Pro, Binance, Bitfinex, BitMEX, Bitstamp, Bittrex, Deribit, Gemini, HitBTC, Huobi, Kraken Futures, KuCoin, OKCoin, and OKEX. The company was founded by four traders in London in 2022 and has since secured a $3m seed round of funding led by several major investors. You get support for most major cryptocurrency tokens across all of the brokerages on offer.

But with automated trading, you can earn profits without watching the market. Most of the trading platforms offering copy trading features are fully automated, but others allow investors to choose which trades or signals to execute in their trading accounts. There are different ways that traders can consider to automate their trading activities. These include using trading bots, signals and via copy or social trading. Any approach you choose will depend on your skills, experience, and preferences.

Arbitrage

So, if you need a little help while crypto trading or you’re looking to trade on a 24/7 basis, a trading bot might be the right choice for you. Investors often use trading bots because they can operate all day, every day. This means that they can quickly catch – new trends or changes in the market, and can therefore make decisions far more quickly. In short, bots let you take advantage of the crypto market without having to do very much at all. Automated trading has a massive upside—it does most of the work for you.

• SoFi offers low fees and some 20 cryptocurrencies, but no crypto-to-crypto trades nor the ability to transfer crypto assets off their platform.
• The multi-purpose platform combines its hub functions, copying service, social trading, and an investment portfolio management service to offer a wide range of services.
• By investing in a variety of assets, traders can reduce the likelihood of loss by diversifying their portfolios.
• For a little while, mainstream brokers were playing catch-up and first-generation traders had to use dedicated crypto exchanges and organise special ‘wallets’.
• These software applications are intended to react to market changes to trade at the optimum moment.

There is a robust platform where you can share information and learn from other traders, there’s a learning section for those who want to read up on the subject, and pricing is clearly noted on the site. You can open an account for free, start trading and enter the crypto market right away. Its primary goal is to assist you in pinpointing the most lucrative markets, thereby ensuring you never overlook a promising investment opportunity.

How to trade crypto

With so many exchanges available, there could be the same asset but with different prices on different exchanges. For instance, the price of asset A on exchange 1 is 10$, while on exchange 2 it is 15$. Click to read more about how Kucoin bots work and are they profitable. That is not the case in cryptocurrency markets, as you will see and read below. Charts are critical to performing backtests, so make sure your platform has detailed backtesting that can be used across multiple timeframes. If you really want a unique strategy, you’ll need to program it yourself.

• Depending on the automated trading strategy you use, trades may be executed based on asset price, technical indicators, or the proportion of value in your portfolio (rebalancing).
• Our estimates are based on past market performance, and past performance is not a guarantee of future performance.
• As per StormGain reviews, their trade signal specialists have achieved a 70% accuracy rate in their predictions.
• They have a simple tutorial in their mobile app which helps traders create their first bot and start trading.
• As such we may earn a commision when you make a purchase after following a link from our website.

Some of the typically coded strategies include mean reversion, trend and momentum trading, and arbitrage strategy, etc. The crypto market is growing very fast and has already gained much attention. And, you know, even PayPal has also adopted crypto while enabling its users to buy or sell crypto assets. And, behind this popularity, this industry is facing some challenges too. It requires a lot of time, attention, and experience to succeed in crypto trading.

What is a Crypto Trading Bot?

Automated crypto trading platforms are automated software that trade cryptocurrency for you. To use an automated crypto trading platform, you need to make an online account with a trading bot and select a trading strategy to use. Once you’ve selected an automated trading bot, the program will buy and sell your cryptocurrency for you based on the parameters of the software.

• Automated crypto trading bots that take the emotion out of trading a highly volatile asset like crypto and generate a profit.
• They can process vast amounts of data faster than a human can, and they make decisions based on pre-set rules without being influenced by emotions.
• Tracking how some of the largest cryptocurrencies move and practicing different strategies with a paper trading account can help you enter the market more effectively.

The bots rely on both long and short strategies, and they are guided by complex algorithms. The best part about Pionex is you do not need to use APIs to connect to 3rd party exchanges, all trading is done within the platform. Crypto bots can also be extremely difficult to create from scratch because you have to code the smart contracts (if it’s on-chain) yourself. You can also earn money by sharing your newest Strategy with other users. Referral bonuses are available, and there are even business accounts available if your company is trading or if you are a financial planner, advisor, etc.

What trading strategies can bots be used to implement?

For instance, you can tell your bot to buy a particular coin at $15 and repurchase it if the price falls to $12. Depending on the bot provider you choose, you will find many account options and supported coins there. Also, due to its volatility, traders need to ensure that they don’t miss out on important trades. This makes it imperative that they find a way to keep an eye on the market.

• You can also use various indicators to stay updated on market trends.
• You will want a bot with a straightforward, user-friendly interface if you’re a beginner.
• There is no guarantee of profit, but a well-designed trading bot can automate trading strategies that have historically been profitable.
• Liquidity is the degree to which an asset can be quickly bought or sold without notably affecting the stability of its price.

Since funds remain on the exchange, the chance of loss due to a breach is negated. The key metric that will determine whether or not your arbitrage trading endeavours are successful is the number of exchanges that the bot supports. Ideally, you will want the bot to be supported by as many exchanges crypto trading with leverage as possible. This will ultimately increase your chances of profiting from a potential disparity in pricing between one or more exchange platforms. As we have already discussed the ins and outs of arbitrage trading in the context of an automated Bitcoin bot, we won’t expand on this any further.

Best for Copy Trading Investors: Cryptohopper

You may utilize the Trailing-stop and even Swing-trade functionality on the WunderTrading platform. You may also use advanced trading features such as Stop-loss and Take-profit to improve trading strategies. You may incorporate numerous trading algorithms and technical indicators into your bots thanks to the TradingView integration. Their specific built-in Terminals may also be used to develop DCA and Spread tactics. Crypto trading bots are automated tools that help you as a crypto trader conduct your trading and execute transactions using some technical indicators. You can customize your crypto trading bot to execute trade orders on your behalf according to certain specifications.

• It’s a manual process where you select a crypto asset to trade, build a trading plan, and then manage the trades on your own.
• There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
• The programs that use algorithms to trade are often referred to as “trading bots”.
• The current waiting time of minutes for some coins makes them unlikely to become a means of transaction.
• A process like dollar-cost averaging works well when it’s done consistently, but all of us are prone to trading inconsistently out of fear, overconfidence, or simply busy schedules.

Another great option for an AI crypto trading bot is Bitsgap, which offers crypto trading bots, algorithmic orders, portfolio management, and free demo mode in one place. One of the top selling points of Bitsgap is that it makes it possible to connect all of your exchanges in one place. This has many great benefits, such as allowing you to execute strategies easily and deploy advanced bots simultaneously across platforms. Automated trading systems are also referred to as algorithmic trading or automated trading, allowing traders to establish specific rules or predefined conditions for both trade entries and exits. These software systems/applications are intended to react to market changes and trade at the most favorable moment.