9 Best AI Crypto Trading Bots To Maximize Your Profits

Other bots, such as the arbitrage bot, use future market data fed by Binance’s broker system to reward users with a payout every 8 hours. Apart from having the lowest fees and a ton of bots, Pinoex also comes with a Smart Trade terminal that allows users to set up stop-loss, take profit, and trailing in a single trade. It’s available for iOS & Android devices, so users can keep trading cryptos on the go.

HaasOnline will provide you with 15 custom bots; this way, you can choose a trading strategy and deploy it on an integrated exchange, adjust basic settings, and scalping. This way, it helps traders of any experience level reduce the chances of a loss, maximize profits, and make the most of the available trading opportunities. This is a really helpful feature for all users alike, beginner or advanced. The demo exchange system allows users to test-run their trading strategy beforehand. Although you may have seen some YouTubers experiment with their own bots, the typical crypto bot service does not require coding skills.

Experience the leading cryptocurrency trading bot

Once the above steps are completed, you can activate your bot to execute trades automatically based on your strategy. Best for smart traders who need a complete automation platform and not just a trading bot. These will often be purchasable from the creators, and some platforms include bot marketplaces for people to buy and sell preprogrammed bots. Building your own bots will always require some trading experience, but it won’t necessarily require any technical experience.

• Shrimpy is primarily a trading portfolio management app, but augmented with the right automated trading tools.
• Our affiliate program allows you to make a commission on a monthly basis as long as your customers are active.
• And since our service is cloud-based, there’s never any need for additional installations.
• This means that you only pay when your placed trades ‘make’ liquidity in the market which also ‘takes’ liquidity from the market.
• Prior to starting OSOM, Anton spent close to ten years with Credit Suisse as an investment banker in London and Zurich.

The Smart Order crypto trading bot allows the user to go short or long by placing smarter orders by fixed stop-loss and profit target or via trailing. It’s pitched to newcomers with an easy-to-use platform where you can follow traders and analyze their trading history before following. With support for 80+ cryptocurrencies, eToro offers a robust trading environment, albeit for a relatively limited range of coins. Crypto bots are designed to work with specific markets and employ specific trading strategies such as a ‘Buy Low, Sell High’ grid on the spot trading price of crypto coins or even on the futures markets. The options above are the best on the market right now, so read the reviews, and pick the one that fits your trade style the most. Remember that crypto trading is highly volatile, and while bots reduce risk and increase profits, nothing is guaranteed.

CryptoHopper

And while a diversified portfolio is certainly not foolproof, it can balance risk and reward in order to reduce exposure to any one particular asset. Age-old advice that still rings true with cutting-edge technology like trading bots. Trading bots are prevalent not just in the crypto market, but also in traditional financial markets.

However, the difference marker for Zenbot is its customization capability. The bot services offered by it can be customized according to the trading needs of every customer. Gekko – takes care to keep its customers updated with all the latest market data. To make sure that you don’t miss out on anything, Gekko has deployed an extensive notification feature.

What are Grid Trading Bots?

It is a bot that facilitates the synchronization of trading indicators with trading signals. On this platform, you can check out the portfolios of other traders and customers. The portfolios can also be copied and followed if they serve your purpose. It presents a whole market to the customers, right on the bot’s platform. CryptoTrader is remarkable since it facilitates custom algorithm development for trading strategies.

Once users create a profile, they have to click the automation button, and your accounts will rebalance according to the accounts you’re following. Everything will happen in a second, and you can even use the social trading tool to monitor and copy trades made by experienced users. With this tool, you can backtest ideas and new trading strategies, monitor and manage custom trades, and use a trading view or the manual system to send signals directly. The bots run in the cloud over the secure enterprise network that removes the necessity of downloading and installing the platform. Axion Crypto can be used across many crypto exchanges, and you can create your own strategies with the Code Editor or builder.

Popular crypto trading bot strategies

You can also do live backtesting and trading in this cozy little crypto trading nook. As long as you’re backtesting it and doing paper trade, your software is free. The most used is the Hedged trading bot due to its proactive trading with minimized costs. Haasonline immediate edge has developed their own scripting language called HaasScript in which you can design your own trading bot that can actually be quite complex. Instead, as stated before, they outsource the software from some of the market’s most prominent coders.

• Take a look below to read about the best crypto trading bots on offer right now, and start automating your trades.
• If a trading tool is not cloud based, you will have to keep your server/computer running at all times to make sure you don’t miss any trades.
• You can use the services of this trading bot at differential billing rates, which is unique.
• This way, you can set your cryptocurrency trading strategies for overnight, and your crypto trading bot can trade for you even when you were sleeping.
• The market is flooded with all sorts of names and brands and you aren’t really ready to invest your money into the first software that you stumble upon.

This might be to exit the trade when Bitcoin increases by a further 2%, or goes down by 1%. Before we go any further, let’s take a look at a quick example to make sure we understand how a trading bot might operate. CryptoTrader is somewhat different from the other Bitcoin bot providers that we have discussed thus far, not least because it operates on the cloud.

Advantages of Crypto Bots

Rather than a sink or swim approach to trading, you should aim for smooth sailing (at least as smooth as possible given cryptocurrency volatility). Let’s say that your bot has performed exceptionally well during backtesting. – That still does not guarantee that it will continue to perform well after it has been deployed live. You should monitor its performance very closely in order to ensure that the bot continues to perform as expected.

• Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current.
• This way, it helps traders of any experience level reduce the chances of a loss, maximize profits, and make the most of the available trading opportunities.
• Depending on the bot provider you choose, you will find many account options and supported coins there.
• You can then try out your strategy in demo mode for free; you only have to pay once you start using it for real trades.

Although you have now aligned your trading bot with your chosen cryptocurrency exchanges(s), the bot won’t go live until you tell it to. It is absolutely crucial that you do not activate the bot until you have gone through a testing phase. This is the process where your bot follows its pre-programmed instructions, albeit, in ‘demo mode’.

What’s the Role of Bots in Crypto Trading?

TradeSanta was founded in 2018 as a cloud cryptocurrency trading software that lets you take advantage of crypto market fluctuations. Bitsgap is an automated trading platform to track and monitor Bitcoin as well as over 1,800 other cryptocurrencies. It tracks the markets movements for traders and helps you know the right time for entry and exit.

• Traders can take advantage by automating their profits and strategies with futures grid trading bots on Phemex.com and the Phemex app.
• Trading bots are designed to increase your trading efficiency, but they will only complete trades you define, so if you choose the wrong approach, you can still lose money.
• On Trustpilot, HaasOnline has a rating of 4 stars, with users praising its customer support and application.
• Couple this with several exchange markets and delicate backtracking options and you have yourself a first-class crypto trade service.

While the exact process will differ from exchange-to-exchange, you are usually required to extract an API code from the platform in question. Next, you then need to paste this code into your chosen Bitcoin trading bot platform. On the other hand, if you don’t have the required skills or know-how to design your own bot from the ground-up, it might be best to purchase an existing software algorithm from the platform’s marketplace. One of the main benefits of choosing this option is that most marketplaces allow you to view the bot’s historical trading results. The specific option that you go for will ultimately depend on your experience and knowledge in the Bitcoin trading arena.

Kucoin’s trading bot

For example, if your bot is instructed to scrape profits in a period of consolidation, it can still execute other orders that you set. If and when Bitcoin eventually breaks out of the pre-programmed consolidation area, it can then trigger additional orders – such as a trailing stop loss. For example, while the price of Bitcoin might be $10,500 at Binance, it could be $10,460 at Bittrex. What this means in the context of Bitcoin trading bots is that you stand a really good chance of making gains in the form of an arbitrage trade.

• This bot offers an intuitive and easy setup process, with no credit card information or platform installation required.
• You can customize the interface of the bot with the drag and drop function.
• It is also helpful for investors who have never traded before and want to earn profits in the cryptocurrency market.
• Create bot strategies with a click of a mouse or develop your trade bot line-by-line.
• Don’t fall prey to wrongdoers of our otherwise-noble cryptocurrency trading, especially when there exists a bunch of people who have devoted their careers to make your crypto exchanges much easier.

In addition to the crypto builder, Kryll has a unique offering called the Marketplace. This feature can be incredibly helpful for those who are new to crypto trading or those who are simply looking for new strategies to implement. A selling point of Haasbot is its ability to operate 24/7, providing traders with constant market monitoring and trading opportunities. This feature enables users to capitalize on short-lived opportunities and avoid missing out on profitable trades while they sleep or attend to other tasks. TradeSanta offers popular strategies like Grid and DCA (dollar cost averaging) to cater to different market conditions and user preferences. Extra Orders can help you make money when the market doesn’t favor your strategy.

Axion Crypto

Bots can be programmed to limit risk by diversifying investments across various assets and setting stop-loss orders, which automatically exit a position to limit potential losses. Dollar-Cost Averaging is a strategy in which a bot will invest a fixed dollar amount in a specific cryptocurrency at regular intervals, regardless of the price. Over time, this can result in purchasing the cryptocurrency at an average cost, hence the name. Some bots are designed to scan news headlines for information that might impact the price of a cryptocurrency. For example, if a bot detects news of a major partnership involving a particular cryptocurrency, it might buy that cryptocurrency expecting its price to rise.

• Keep up-to-date with the latest trading trends and expert insights on the world of cryptocurrencies, ICOs, and blockchain technology.
• Vestinda promotes a “FREE Forever Plan,” making it accessible for new and seasoned traders.
• Tradesanta’s perfect for those who’re just starting or don’t require too advanced features.
• If you are just starting with automated trading, and you don’t have a lot of coding knowledge, then the simplicity of this platform could be a big advantage.

This way, you can set your cryptocurrency trading strategies for overnight, and your crypto trading bot can trade for you even when you were sleeping. The platform comes with trading bots that can be used to employ a variety of different trading strategies that work through API connections and include popular crypto exchanges like Binance. 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.