9 Best AI Crypto Trading Bots To Maximize Your Profits

Some will offer various subscription packages, with the more expensive plans offering a higher number of tradable pairs. Before you begin to program your bot, you first need to decide what pairs you actually want to trade. While the BTC/USD market is by far the most traded in the global cryptocurrency industry, thousands of other pairs are in existence. For example, you might decide to trade Bitcoin against Ethereum, or against another fiat currency like the Euro. Binance is the top exchange for trading crypto, it works with most of the bots listed above. Dollar-cost averaging has been utilized in the traditional stock market arena for decades on-end.

• However, each of these options works completely differently and involves different risks, so it’s essential that you do your research before investing any money.
• Crypto trading bots have revolutionized the way people trade digital currencies.
• When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
• There are three plans in total – the basic plan that starts at $14 a month, the Advanced plan that starts at $20 a month, and the maximum plan that starts at $30 a month.

However, the only cryptocurrency exchange or brokerage it works on is KuCoin. Kucoin is an international cryptocurrency exchange that launched in 2017 and has its headquarters in Singapore. Quadency can be connected with most of the major exchanges, including Binance, Kraken, Bittrex, KuCoin, OKEX, Binance., Coinbase Pro, Gemini, HitBTC, POLINEX, Bitfinex, and others. There is support for major cryptocurrency tokens, including BTC, ETH, BNB, DT, ADA, SOL, XRP, DOT, DC, DOGE, UNI, LUNA, and others. At the time of writing, the only fees were standard transaction fees charged by your exchange, but they plan to start charging a fee. On Trustpilot, Zignaly scored an average rating of 3.8 out of 5 stars, with users praising the team and their overall experience.

Cryptotrader

In fact, there are now heaps of bots available in the market – each of which comes with its own pros and cons. Despite the pool’s reduced risk, it’s earning stakers an astounding average of 16.7% APY at the time of writing. If you are looking for an extremely easy way to get your crypto working – for you and earning passive income, Flynt could be a great choice. Flynt offers 4 staking pools, each with its own strategy to earn interest. For example, its top pool uses a Bitcoin covered call strategy that automatically sells call options with a far out-of-the-money strike price.

• Once it’s executed a sell order, the bot will then place another buy order at a lower grid level.
• If your trade is not matched immediately by an outstanding order on the books, you have to pay the maker fee.
• 3Commas is ranked 4.2 out of 5 stars on Trustpilot, and many of the user reviews are positive.
• This is a unique platform that has a website, mobile app, and a beautiful user experience.
• But with automated trading, you can earn profits without watching the market.
• API trading bots work as an intermediary that trades for you on another exchange you connect.

The platform offers trading bots as well as copy trading features to automate the trades. Some traders may believe that automated market trading is only suitable for advanced traders that know all the intricacies of cryptocurrencies and exchanges, but this is not necessarily the case. Beginners who have some basic ideas about market orders and technical analysis indicators can start with vetted crypto trading bots to eliminate the impact of emotions and augment potential profits.

Algorithmic Trading and High-Frequency Trading

TradeSanta is a user-friendly, cloud-based trading software that makes automated crypto trading strategies accessible to everyone. The trade signals, created using AI, are generated by StormGain experts who employ various analytical methods. They produce high-quality signals through chart-based technical analysis, technical performance indicators, and market movement news. Both novice and seasoned traders on StormGain receive these signals, which are updated every few hours. This helps them gain a better understanding of risk management and know when to set stop-loss orders or raise profit levels. As per StormGain reviews, their trade signal specialists have achieved a 70% accuracy rate in their predictions.

In contrast, an AI trading bot can learn from new information and modify its trading strategies accordingly. HaasOnline is one of the oldest cryptocurrency trading bots in the market, showcasing its reliability and experience in the industry. Its longevity is a testament to the continuous improvements and adjustments made over time to adapt to the evolving crypto market. A distinguishing feature of the Bitsgap AI crypto trading bot is its proportional investment distribution mechanism. This approach ensures that your investments are allocated evenly within your chosen range, enabling you to reap small, consistent profits with each market movement.

Consistent trading discipline

All Gunbot plans are one-time payments and with a lifetime license and support. GunBot can automate all well-known strategies such as Bollinger Bands, Ichimoku, MACD and many more. The software has an intuitive interface, making it userfriendly, all exchanges are available and the community is active and supportive.

The fall in trading volumes is usually seen when traders are sitting the market out as prices drop. Many are of the view that traders are looking for a reason to return to the market immediate edge after a strong start to the year. Bots are perfect for backtesting trading strategies by using historic data to create simulations that test the viability of any particular strategy.

The ultimate solution for trading at any skill level

AI offers a suite of tools that are growing in importance, but human traders are most often the architects of “program strategies” which need research and back testing. Three quarters of traders surveyed say they look to trade during periods of increased volatility and liquidity such as when the U.S. and U.K. 95 percent of survey participants would trade more than the $5,000 month minimum floor they were currently trading if they had access to AI and machine learning tools for trading. On average, the study found traders would increase trading by 16 percent if they had confidence in AI tools which could detect patterns in trading and predict price movements.

• If the bot has been programmed correctly, then it should be able to differentiate between a bull and bear market, meaning that it can execute sensible trades as and when a key movement occurs.
• Everything will happen in a second, and you can even use the social trading tool to monitor and copy trades made by experienced users.
• This is a huge advantage over manual trading, which requires constant monitoring of the market.
• Our guide for beginners will help you learn more about crypto trading bots and introduce you to a few of the best crypto trading bots currently available.
• There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

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. On the other hand, copy trading allows investors to track, follow and copy/mirror the trades of the professional traders or successful investors on their personal trading accounts. Successful social trading requires robust technologies to ensure that trades are executed in real-time to mirror the ‘successful’ trader perfectly. Using cryptocurrency terminals & trading bots is never a one-click miracle, the first thing you’ve gotta learn is the trading itself. Zenbot is yet another programmable 100% free open-source cryptocurrency trading bot.

Best Automated Smart Bitcoin Trading Bots in 2023

Our guide for beginners will help you learn more about crypto trading bots and introduce you to a few of the best crypto trading bots currently available. Moreover, these bots can assist with portfolio management, helping you balance and diversify your investments across different cryptocurrencies. Whether you’re an experienced trader or a beginner, an AI trading bot can help you navigate the volatile crypto market and potentially enhance your trading performance. These features provide valuable insights into market trends and help users make informed decisions while minimizing losses and maximizing profits. Again, using a cryptocurrency trading bot doesn’t guarantee that you’ll beat the market. Cryptocurrency can be unpredictable and very volatile, so trading based on technical indicators doesn’t always work.

It’s possible to implement a variety of trading strategies with a trading bot. Widely-supported strategies include market making, arbitrage, trend following, and mean reversion, among others. In fact, many of the world’s largest funds and investment banks use similar technologies for high frequency trading. Users can start off easy with a free account to try it out with 5 open positions, 2 active bots into 1 API per exchange.

Advantages of crypto trading bots

As that processing time comes down in size, it will also benefit with automated cryptotrading. When you factor in current favourites in the race — these include Bitcoin, Ether and many other altcoins — they might not even be top of the pile of digital coins in 12, 18, 24 months’ time. As such, it becomes clear that it’s a market with a high level of risk-return.

• Wunderbit currently offers a bitcoin and other cryptocurrency exchange service, social trading platform, bitcoin payment processing service and over-the-counter service.
• A trade bot, then, allows you to dip your toes in the market while providing excellent guidance.
• While the crypto market can experience extreme volatility, it is always wise to consider having a strategy that caters to your risk tolerance.
• 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.
• This frees up more time for strategic planning and establishing a solid foundation for long-term cryptocurrency trading success.
• Automated crypto trading systems are designed to take advantage of any and all profitable trading opportunities that may arise.

Will is a crypto expert from The United Kingdom who has been working and investing in the cryptocurrency industry for over 7 years. He has not only been an active investor but has also gained extensive experience working for reputable companies like Acroud, RakeTech, and Kindred Group. 1 The use of “featured”, – “popular”, “best” and “top” on Finty do not constitute a product rating or recommendation and are subject to our general disclaimer. Calculations in comparison tables will vary based on personal data input. We do this by providing a free comparison service as well as product reviews from our editorial staff.

Coinrule – Autotrading Bot With Over 250 Preset Rules

Pionex features low trading commissions and a fully fleshed-out mobile app. We believe Pionex would be a great option for high-volume and mobile investors. Always do your research and perhaps start with a bot that offers a free trial or demo version, so you can test its capabilities without committing your funds.

• In effect, third-party platforms that offer Bitcoin trading bots often allow you to design and program the algorithm from the ground-up.
• As the name suggests, grid trading bots focus on buying low and selling high by using market volatility to their advantage.
• Any approach you choose will depend on your skills, experience, and preferences.
• Users can apply TradingView signals to initiate or close deals while configuring a bot.
• It’s important to know what to do otherwise you will not get any results and so far it’s provided a 34% profit for me..

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. Crypto trading bots can help you make more educated trades and remove some of the emotions that might lead to increased losses. However, it’s important to remember that crypto trading bots are simply pieces of software. They cannot guarantee a profit for any investor and they may quickly become less useful during periods of high market volatility. A cryptocurrency trading bot is a computer program or application that trades cryptocurrency for you based on predefined conditions.

What is Automated Trading Software?

With this different way of generating returns, Haru Invest has been consistently paying out earnings with minimized risk. Furthermore, 3Commas allows you to set up trailing stop-loss orders, which can help you lock in profits while minimizing losses in a volatile market. Additionally, the platform offers a Smart Trade feature, which allows you to execute complex trades with ease. The trading software’s primary objective is to enhance the overall trading experience of crypto-assets by reducing human interference, emotions, and fatigue from the equation. Doing so can help eliminate the potential for human error, which can be a significant risk in the fast-paced and volatile cryptocurrency market. If you want more powerful trading tools, you can step up to a Pro account for $59 per month.

• The platform enables users to connect their existing crypto exchange accounts with API keys and create their crypto bots instantly.
• Not all do, and none are always perfect, but some of the best crypto trading bots can earn users a significant profit.
• Investors often use trading bots because they can operate all day, every day.
• An automated trading strategy can execute millions of computations and thousands of transactions across various time zones and markets almost instantaneously.

Pionex uses a maker-taker fee schedule, which means that you’ll pay a fee when you place trades that “make” liquidity on the market and that “take” liquidity away from the market. If you place a trade that isn’t immediately matched by an outstanding order on the books, you’ll pay the maker fee of 0.05%. If you place a trade order that is matched immediately with an outstanding order, you’ll pay the taker fee of 0.05%.