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2023-06-03 14:20:00

7 Best Crypto Trading Bots in 2023 (Compared) – Top Options

Looking for the best Crypto trading bots for trading?

3commasQuadencyCryptohopperBitsgap
Crypto signals:YesNoYes
No
Paper trading YesNoYesYes
Social tradingYesNoYesNo
Trailing Take profitYesYesYesYes
Arbitrage botNoNoYesNo
Cloud basedYesYesYesYes
Mobile appYesYesNo
Portfolio rebalancingYesNo
Supported exchangesHighHigh15+
Beginner-friendly (BF) or Complex (C)BFYesBFBF
BacktestingNoYesYes
Free TrialGet 3-day trialFree plan availableGet 7-day free trialGet 7-day free trial

We all know the Crypto industry never sleeps, and if you are already a part of the cryptocurrency industry who indulges in buy/sell, here is your chance to trade like a pro.

Crypto trading bots are the answer to all the busy and futuristic individuals who understand how bots could help them in trading.

Before we dive deep into some of the best crypto trading bots, let us understand the basics:

What are Crypto trading bots?

Crypto trading bots are autonomous software program that automates all the manual process needed to trade.

As the crypto market is on 24*7, a crypto trading bot could help you make money even when you are sleeping.

The software works tirelessly every second to make a profit from crypto market volatility. Panic selling and greed buying are just some of the ways that turn your profitable trade into a loss.

These trading bots are designed to be emotionless, which in turn removes biases and emotional risks associated with personal trading.

Depending upon the crypto trading bots and strategy you use, you could make money in bull and bear markets alike.

If done right, one can automate the process of making money from crypto trading using Crypto bots.

And this is not all.

Crypto trading bots connect with your crypto exchange like Binance, and Bitfinex via API, and they perform trading based on pre-defined strategies.

Concerned about funds security?

These crypto trading bots are secure as they don’t have permission to withdraw funds. Since the API feature is available via exchange (This is easy to configure), and by default, they don’t allow fund withdrawals.

Moreover, all the bots that are listed below are time-tested and have an excellent track record.

An experienced trader can easily quadruplet their earnings using a bot. At the same time, a beginner could level up the trading game by using these bots.

But do remember…

All of these Crypto trading bot tools offer free training modules, make sure you spend 1-2 hours learning the features and how to use them properly. When in doubt, join their community on Telegram or Discord and clear your doubts before you start trading with a big amount.

Are crypto trading bots profitable?

The short answer is yes and no!

If you are impatient and think it will always make money, well these bots are not for you.

However,

If you have patience and zeal to learn, these bots could do wonders for your financial growth.

Crypto trading bots help you in automating most of the boring manual parts, however, at the same time, they also contain inherent risks associated with any kind of trading.

The key to making crypto trading bots profitable depends upon your approach.

If you are coming from fiat/forex or commodity trading, you need to understand the crypto market is way more volatile than the usual market.

If this is the first time you are planning to trade on crypto using a bot, it would be better to do paper bot trading (I have listed the software below) or test strategy using the backtesting tool before making a live trade.

Make sure; you take time to understand the software before you increase your trading amount and start trading like a pro.

Note: In crypto-trading, invest only that amount you are ok to lose and always use stop loss to minimize the risk.

Features to look for in a crypto bot:

  • Crypto signals: Buy/sell signals
  • Paper trading to test your trading strategy
  • Copy-trading strategy of others – Social trading
  • Trailing stop loss
  • Arbitrage
  • Mobile app
  • Portfolio rebalancing
  • Price: one time or subscription Fees
  • No fees on every trading
  • Supported exchanges
  • Interface: Beginner-friendly or complex
  • Integration: Tradingview, Telegram Backtesting add-on

These are just some of the must-have features of a crypto-trading bot.

And now, it’s time to find some of the top bots for crypto trading.

7 Best Crypto Trading Bots for Automated Trading:

1. 3Commas

3Commas is an idle crypto trading bot for hobbyists, enthusiasts, and professional traders. It supports all notable popular cryptocurrency exchanges, and you can trade in altcoin pairs.

Another feature that makes 3commas widely popular among beginners is its paper trading feature. With paper trading, you could test your strategy before you put the real money into trading.

3commas offers a Smart trading terminal to trade on multiple exchanges (including your clients, family, or friends’ accounts) and enjoy the trailing take profit (TTP) feature.

Many pre-configured bots are available on 3commas. You can also create your bot. If you have never used a trading bot before, you could use 3Commas to get the hang of bot trading.

Popular features of 3Commas trading bot are:

  • Paper trading
  • Portfolio rebalancing
  • Margin trading
  • Portfolio management
  • Trader diary
  • Crypto signals bots to buy/sell (Marketplace feature)
  • Mobile app
  • Sell all your portfolio in USDT or BTC with a single click

The power of 3Commas is in its simple to use interface. You can learn more about 3commas in our earlier post:

  • Read 3Commas review

Pricing:

They also offer 3 days free trial account which gives you access to all of their pro plan features.

Try 3Commas For Free

2. Cryptohopper

Cryptohopper is the most popular cryptocurrency trading bot in the market. The company is registered in Amsterdam and has been continuously adding new trends and features since late 2017.

The interface is beginner-friendly, and you can follow some of the popular indicators like moving average, Bollinger bands to automate trading on all popular exchanges.

The Cryptohopper lets you trade unlimited cryptocurrency pairs in autonomous mode. Cryptohopper also offers a marketplace where many pro traders sell their strategies, and you can copy them to make money.

Another highlight of the Cryptohopper is the Arbitrage bot, which lets you make a profit from the price difference of the same pair between two exchanges.

Cryptohopper has taken Arbitrage to the next level by offering sophisticated triangular Arbitrage, which helps you make money from the price difference between multiple pairs on the same exchange.

Read: Cryptohopper review

The Cryptohopper mobile app lets you monitor your trade and portfolio. If you are connecting your existing exchange account with Cryptohopper, you can set the start amount to calculate the profit accurately. This removes the point of setting up a new exchange account for your bot trading.

At the time of writing, Cryptohopper supports the following exchanges:

  • Binance
  • Coinbase pro
  • Kraken
  • HTX
  • KuCoin
  • Bittrex
  • Poloniex
  • Bitfinex

Popular features of Cryptohopper:

  • Paper trading
  • Trailing stop loss
  • Arbitrage trading
  • Marketplace for Templates, strategies, and signals
  • Cloud-based app
  • Mobile app to monitor your trade and portfolio
  • Drag and drop strategy designer
  • Strategy backtesting with historical data
  • 120+ indicators & candle patterns
  • Wallet scrubber

Cryptohopper Pricing and fees:

Cryoptohopper offers three plans, and the base plan starts at only $19/month. The monthly subscription ensures you are not locked in for a long time, and you can upgrade/downgrade or cancel your subscription anytime.

The seven days of free trial gives you ample time to enjoy all the premium features of Cryptohopper before you start paying.

Paypal, bank transfer, and crypto payments are supported to buy Cryptohopper subscription.

Start Your 7-Day Risk Free Trial

Use coupon “NEWSDISC” to get 30% discount.

3. Bitsgap – Automated crypto trading

Bitsgap is a cloud-based tool that offers various crypto automation bots to help you make money while you sleep. The platform has been around for the last 3 years, and they are constantly adding new features, and making automated trading enjoyable.

At the time of writing this resource, here are some of the top features of Bitsgap:

  • Grid bot strategy
  • DCA bot strategy
  • Trading Terminal
  • Smart orders

Bitsgap connects with your crypto exchange account using the API method, and your funds stay on your exchange only. I do miss seeing a dedicated Bitsgap mobile app which is something all the competition of Bitsgap offers, but overall Bitsgap is a crypto trading bot that you should not ignore. Read a detailed review of Bitsgap here.

Bitsgap pricing:

From the pricing perspective, Bitsgap is costlier than 3Commas, and may not be the best for beginners. However, often users find Bitsgap UI to be simpler than 3Commas and other alternatives, and that justifies the price.

Start 7 days free trial

4. Cornix – Signals based automated Crypto Trading

When it comes to an affordable Crypto trading bot, Cornix wins the hands down. It may not be as popular as 3Commas, Bitsgap and others, but the kind of features it offers, it may make other feels shy.

Here are features of Cornix –

  • Auto-Trading
  • DCA bots
  • Tradingview bots
  • Trailing Orders
  • Telegram group signal integration
  • Copy trades
  • Discover Profitable Telegram signal groups

There are more features of Cornix, but the above features are good enough for you to try and test it out.

One of the least talked-about, and in my opinion, remarkable features of Cornix, is that it allows you to automate trading from the Telegram signal group. This way, you can automate your entire Telegram signal group trading experience. I will discuss this in detail in the upcoming review of Cornix, but for now, I’ll let you try this on your own.

Try Cronix Free for 14 days

5. BitUniverse

BitUniverse is a free (currently) crypto trading bot that offers both AI based trading and manual trading option.

Using BitUniverse, you can connect with your popular exchanges like:

  • Binance
  • Pionex
  • HTX
  • Okex

They support more than 22+ exchanges, so chances are, your favourite exchange might be supported by BitUniverse.

BitUniverse seems to be very interesting, as it offers a few popular bots which are mostly paid on other platforms. One of my favorite bot “Grid trading bot” is available on BitUniverse, and is completely free to use.

Here is list of all available bots on the BitUniverse platform:

  • Grid trading
  • Trailing take profit
  • Stop limit

Again, I don’t think this platform will be free for long, so you better take advantage of BitUniverse to practice crypto trading bots for free. Also, BitUniverse is recommended for the intermediate level of trader, but beginners should consider the top 3 bots listed above.

Get Started With BitUniverse For Free

6. Haasonline

Hassonline is one popular crypto trading bots that work with almost 22 exchanges. However, its superpower is a variety of bots like Flash crash bots, Arbitrage bots, which helps you make money in every situation.

This is a desktop-based bot that gets easier to use once you are done watching their free bots training videos. The downloadable software is available for Windows, Linux and Mac as well.

Every bot serves a unique purpose, and for example, rather than selling your bags on loss, you could use Flash crash bot to profit from the high movement.

Watch this video to understand how Flash crash bots work:

A few of the many bots offered by HaasOnline:

  • Trend line bots
  • Advanced index bots
  • Trade bots
  • Flash crash bot

Here are Haasonline supported platforms and exchanges:

Haasonline Fees and plans:

HaasOnline accepts payment via Bitcoin only. You could save a significant amount by pre-paying for one year in advance.

They have three plans at the time of writing this guide, and you could choose any based on your requirements. You can always upgrade your subscription anytime by contacting the support.

Haasonline doesn’t offer a free trial, but they do have a 2-week discounted trial.

Use 20% Haasonline discount Coupon code: Coinsutra20.

Get 2-week Discounted Trial

7. Quadency

Quadency is primarily a trading terminal that let you trade on multiple exchanges from a unified platform. This feature is something common among all crypto trading bots, as it makes trading easy for us when we are dealing with multiple exchanges.

What makes Quadency different than all other bots listed here is the pre-defined automated trading strategies and backtesting feature.

At the time of writing, following bots are available on Quadency platform:

  • Grid trader for grid trading
  • Smart order
  • Market maker plus
  • Bollinger bands
  • MACD bot
  • Mean reversion bot
  • Accumulator (DCA)

They offer a free plan which is idle for beginners or passive investors of digital assets. The pro plan starts at $49, and allows monthly trading limit of $100,000 USD.

All the bots are available in the free plan, and you can always upgrade to pro plan for advanced features.

Create Free Account on Quandency

Conclusion: Which is the best Crypto trading bot?

3Commas is the best beginner-friendly crypto trading automated bot that you can use. Cryptohopper is the best crypto trading bot that offers all the basic and advanced features that a trader would need. The features like backtesting, and social trading make it ideal for hobbyist and pro traders alike.

However, since each of these trading bots has a unique interface and offers distinct features, you should try all of them. You never know which one fits the best with your trading style.

I’m also testing more bots that are around for a while and have excellent community support. Currently, these are the bots that I’m testing and will be added in the near future:

  • Kryll
  • Zignaly
  • Gunbot

As I discover more worthy Crypto bots, I will keep updating this to make the best resource for finding top crypto bots for trading. Make sure, you bookmark this page so that you could re-visit again. If you would like to recommend any other bot, do let us know in the comment section below.

Here are a few frequently asked questions about crypto trading bots:

Which are the best Arbitrage Crypto bots:

Hassonline and Cryptohopper are two arbitrage crypto bots that you can use for arbitrage trading.

Should you use multiple crypto trading bots?

It is highly recommended that you use one bot at a time. It is best to master one bot rather than using multiple bots. However, if you want to use two different crypto trading bots, you should connect them with different exchange accounts. This way, you will be able to calculate profit, and your trade reserve amount will not overlap.

Do you need to keep your Computer on 24*7

Since most of these bots are on Cloud, you don’t need to keep your computer on or stay connected to the internet all the time.

Do trading bots really work? Specifically in the crypto space

A crypto bot is as smart as you are, and they automate a lot of repetitive tasks. Once you have a strategy in place, you can use trading bots to run 24*7. A good example of this is grid trading bots, which work great in the sideways market.

Do I need to constantly monitor my bot?

There is no one answer to it, as It all depends on the strategy that you have deployed.
Some trading bot strategies require you to monitor bot once in a week, and some of them may require you to keep an eye on price moment, and make changes as necessary.

News appeared first on: Coinsutra.com

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