Trading the volatile cryptocurrencies market can be extremely stressful and taxing for both new and experienced traders. The emotions we experience when trading have a major impact on decision-making with negative emotions more often than not resulting in trading losses. Therefore, to overcome the emotional barriers in trading and maximize profits many traders are turning to automated crypto trading bots.
What are automated trading bots?
Automated trading bots are computer programs that use algorithms and artificial intelligence (AI) to execute trades on the users’ behalf.
Currently, trading bots are responsible for over 80% of all markets traded worldwide. As a result, they are the preferred choice of institutional investors who invest billions of dollars daily through automated trading systems.
Trading bot platforms require no coding skills and incorporate a variety of indicators and signals. When used correctly, trading bots help users to make money, while not wasting a lot of time.
Crypto trading bots
Out of all the world’s markets, none is more suited to automated trading bots than the twenty-four-seven cryptocurrency market. Moreover, a properly configurated crypto trading bot can capitalize on wild price fluctuations at any time of the day or night.
Therefore, it’s not surprising to note the rapid rise in the popularity of crypto trading bots. Every day, more and more crypto traders are moving to automated systems due to the distinct advantages they offer over human trading.
Hence, the growing consensus among traders seems to be, if it’s good enough for wall street it’s good enough for the crypto sphere.
Top 5 trading bot platforms
There are a large number of trading bots on the market however, choosing the right bot to maximize profits can be a perilous task.
Since the cryptocurrency space is not yet fully regulated, many fraudulent bots have been popping up with the sole purpose of emptying traders’ accounts.
With that in mind, we have rigorously tested a host of automated crypto trading bots to bring you our top 5 bots to maximize profits.
3Commas is a cloud-based trading bot with over 33,000 active users and a daily turnover of over $60 million. The platform is easy to use and accessible by both desktop and mobile apps.
3Commas features a suite of fully customizable and automated crypto trading bots. They utilize powerful algorithms to identify and execute trades successfully in all market conditions.
In addition, it comes with a host of premium features such a smart trading terminal, auto trading bots, copy trading, and portfolio management.
Finally, the 3Commas trading signals marketplace is a great feature for those who are new to trading bots. The marketplace provides a clear and transparent view of each bots trading history. As a result, users can easily identify profitable strategies to invest in.
Binance, BitMex, Bitstamp, Bittrex, Bybet, Cex.io, Coinbase, Deribit, Exmo, FTX, Gate.io, HitBTC, Huobi, Kraken, KuCoin, OKEX, Poloniex, YoBit.
3Commas pricing is very competitive. They offer three subscription packages, Starter, Pro and Advanced.
The starter package begins at $14.50 per month and gives access to both long and short trading algorithms. However, users don’t have the ability to automate trades which is a big drawback of this subscription.
The advanced package will set you back $24.50 per month and grants access to automated trading bots. Furthmore, subscribers can take advantage of TradingView’s custom signals feature.
Finally, the all-inclusive pro plan gives access to the full suite of trading bots and features for a very reasonable $49.50 per month.
Cryptohopper is another cloud-based platform that first launched in 2017 and currently has an estimated 140,000 traders using the service.
The platform is widely considered to be one of the most reliable and easiest to use crypto trading bots around. In addition, the simulated trading feature allows traders to create and test out new automated crypto trading strategies risk-free.
Cryptohopper comes packed with innovating features such as exchange arbitrage, market-making bot, mirror trading, and backtesting to mention a few.
As well as that, the CryptoHopper marketplace is packed with more than enough free and paid templates, strategies, and signals to get you up and running profitably.
Binance, Binance.US, Bittrex, Bitfinex, Bitpanda, Bitvavo, Coinbase Pro, Kraken, Kucoin, HitBTC, Huobi, OKEX, Poloniex
The free package lets users open and manually trade up to 20 positions on all available exchanges.
The starter package and will set you back $19 per month. However, it comes with a 7-day free trial so users can try it out before deciding whether or not to purchase it. The package supports up to 80 positions and 15 selected coins at any one time. Furthermore, users get access to Cryptohoppers crypto trading bot, 2 triggers and 10 minute TA intervals.
The trader plus package which starts at $49 per month. You get a maximum of 200 positions on 50 selected coins with 5 triggers and 5 minute TA intervals. In addition, subscribers can access Cryptohoppers impressive exchange arbitrage feature.
Finally, the pro traders package that allows subscribers to open up to 500 positions on 75 selected coins with 10 triggers and 2-minute intervals. Moreover, the package comes with all coin signals, market arbitrage, market making, and algorithm intelligence.
Cryptotraders algorithmic crypto trading platform is available on all devices with all major cryptocurrency exchanges supported for both backtesting and live trading.
The platform offers a diverse range of automated crypto trading bots. As a result, users can choose from an impressive range of tools and features to help maximize profits.
The Cryptotraders marketplace is great for beginners and comes with a range of strategies valued at different prices depending on their success rate.
In addition, Cryptotraders instant alerts and SMS notifications gives constant updates on positions and allows traders to start and stop trades by SMS.
Binance, Bitfinex, Bitstamp, Bittrex, CEX.io, Coinbase, Huobi, Kraken, Poloniex, and Quione.
The basic package starts at 0.0042 BTC and users get 1 live trading bot with a trading account limit of $1,000.
Next up is the regular package that costs 0.0059 BTC and provides 3 live crypto trading bots with an account limit of $5,000.
The Pro package at 0.011 BTC provides 10 live trading bots with no account limits. Furthermore, it includes margin trading and short position features.
Cryptotraders’ VIP package costs 0.0209 BTC and includes all the features of the pro package plus an additional 5 live trading bots.
Finally, the all-inclusive Premium package at 0.0522 gives access the full suite of Cryptotraders’ advanced trading tools plus an incredible 25 live trading bots.
Bitsgap is an all in one crypto trading bot platform that makes it easy to find the best rates and manage all of your crypto assets, within one interface.
What is more, Bitsgap’s dynamic algorithms scan over 10,000 crypto pairings per second to identify the coins with the strongest potential.
And when it comes to trading bots, Bitgaps advanced AI-powered GRID algorithms take advantage of trading ranges. To do this, they simultaneously place buy and sell orders within a given range to capitalize on price volatility.
The interface is slick and easy to use. Also, you get premium features such as TradingView charts, 100+ technical indicators, customizable charts, and trade visualization through charts.
Binance, Bitfinex, OKEX, Huobi, HitBTC, Bittrex, KuCoin, EXMO, Kraken, Livecoin, Bitstamp, Coinbase, ZB.com, CoinEx, Gemini, gate.io, LBank, YoBit, Bibox, Bit-Z, DDex, BigOne, Bithumb.
Bitsgap platform offers 4 plans, each starting with a 14 day free trial.
Firstly, the free plan comes with all standard features included. However, there is a $1,000 monthly trading limit and limited access to some exchanges.
Next up, the basic package that starts at $19 per month offers unlimited exchanges and a $25,000 monthly trading limit. In addition, users can access 2 active trading bots, trading signals, extended order types, and demo trading.
The most popular subscription is the advanced package for $44 per month. In addition to the standard features, subscribers get 5 active trading bots, a $100,000 monthly trading limit as well as arbitrage features.
Finally, the pro package at $110 per month. It comes with an additional 15 crypto trading bots, unlimited trade limits, take profit bots and priority support.
Kryll automated crypto trading bot platform allows users to design and create their own trading strategies using Krylls user-friendly drag and drop feature. Furthermore, users can create and test an infinite number of automated trading strategies for free before going live.
The strategy editor is an extremely powerful tool that’s easy to use and combines a vast number of technical indicators and price triggers.
And for those looking for a truly automated experience, the Kryll marketplace is packed with profitable strategies you can rent from other Kryll users.
Moreover, users who create successful strategies can earn an income in the form of Kryll.IO tokens (KRL) by sharing it amongst the community. Thus, every time people use your strategy you will earn KRL.
Binance, Bittrex, Liquid, KuCoin, Poloniex, Coinbase Pro, HitBTC, Bitstamp
Kryll requires traders to use KRL token. The platform has no subscription fees and users pay only when they use it.
Strategies are free to create and backtest, however, a fee in KRL token applies when it comes to executing trades live.
Furthermore, it must be noted that the fees are very reasonable and vary depending on the amount of KRL tokens held in the users’ wallet.