The 11 Best Crypto Trading Bots Reviewed

Here are some disadvantages of crypto trading bots that you must consider before using one. As crypto is extremely volatile, in a matter of hours the market could shift in the opposite direction. In such cases, crypto trading bots offer more efficiency and speed as they can scan the crypto market in as little as a fraction of a second. With crypto bots, you can always stay ahead of a curve without missing any potential opportunity.

  • Using such software is relatively simple, but you should understand how it works before you start using it.
  • Tradesanta’s perfect for those who’re just starting or don’t require too advanced features.
  • Exchange allows users to create a Crypto Basket, letting them purchase multiple tokens in one click.
  • If you want to take your trading to the next level and polish your trading skills then Cryptohopper also allows beginners to copy trades with experienced traders.
  • The cryptocurrency market is constantly moving — even short periods of down time can result in missed profits when you rely on a cryptocurrency trading bot.

You will need to install Docker and docker-compose first, then make sure Docker is running by launching Docker Desktop. We’ve also created helpful get-started videos for both the Code Editor and the Rule Builder. New indicators are added every week and announced on our blog. HodlBot’s pricing is tiered based on your portfolio size in order to keep our service affordable for those with smaller account sizes. The Learn 2 Trade platform is considered to be one of the best crypto alerts sites and has raving reviews on TrustPilot and related websites. This indicates that Dash 2 Trade is a credible provider that investors can rely on.

They host their platform on the cloud, which makes it easy to run with just about any hardware out there. There aren’t too many platforms out there that offer the variety of tools that these guys do, so this is definitely an advantage. We all sometimes feel like the only way we’re ever gonna earn money with cryptocurrency trade is if a hero comes to our help. As long as you’re backtesting it and doing paper trade, your software is free.

Supported Exchanges

This really isn’t realistic in the cryptocurrency market, so you’re looking at a very different trading environment. This approach tracks the market prices over a particular time period, and your bot can be programmed to react to what that price does, including moving beyond the average. Momentum trading has been developed for being able to make the most of positive momentum when it comes to assets, and selling them off when the market momentum reverses. The bottom line with these guys is that they offer their clients a lot of features, so you will never be lacking when it comes to this aspect of trading online. After all, you’ll be making your own crypto bot if you decide to roll with these guys. The most used is the Hedged trading bot due to its proactive trading with minimized costs.

crypto investing bot

There are many different kinds of trading bots out there, and some can make the most of market movements to create gains automatically for you. A lot of trading bots these days use a method known as ‘exponential moving average’, which is a good starting point for getting into the market and working out what’s going on. One of the first things that you are going to notice about this crypto trading bot is how simple it is when it comes to both the interface and the website. From grid and leveraged grid bots to margin grid and reverse grid bots, Pionex is the Swiss army knife of crypto trading software. All the crypto bots listed above are the most user-friendly in the market. However, CryptoHopper is the one that is mostly preferred by beginners.

Types of Trading Bot Strategies

Botsfolio can help you set your course within the crypto trading market. Apart from this flight into creativity and design, Haasonline also offers the basic, pre-set crypto trade bots for arbitrage and market-making that we’ve come to know and cherish. More than just a market-making and exchange tool for experienced and inexperienced alike, Cryptohopper is a place akin to a social media platform, just for crypto trading.

Therefore while creating exchange API keys for integrating with exchanges, ensure you provide only needed permissions and profile the history of the trading bot and the team. You can try Trality to code your strategy in Python if you are a coder. However, I suggest you use simple drag and drop or If-else solutions such as those provided by HaasOnline, Cryptohopper, or 3commas to automate your trading.

Does the DCA Bot have any fees?

If you want to pay for one of their subscriptions, it’s going to cost between $29.99 and $249.99 a month. Oh, and let’s not forget that Bitsgap allows you to test the software for 7 days before buying it. A plethora of people with various levels of coding and/or trading experience use it on a daily basis! Maximizing returns via automation of trading is a unifying policy, no doubt. How does one person keep up with this ever-changing, never-sleeping market? It has email and live-chat support, as well as desktop and mobile versions.

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