The Ultimate Guide to Best Crypto Trading Robots

-> How Trading Robots Work  
-> Trading CFDs vs Crypto Exchange
-> Selecting Profitable Trading Strategies
->  How to Make Money with Trading Robots
-> Managing Risk 

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Best Crypto Trading Robots

Editor’s Pick: Best Crypto Trading Robots

 

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What is a Crypto Trading Robot?

If you are looking to start investing in cryptocurrencies and are looking for a reliable trading platform – you came to the right place. Our team at EthereumTrading.pro is on a mission of educating individual investors about crypto investing. We aim to review different trading platforms to recommend the best crypto trading robot.  In today’s world, it is straightforward to get lost among numerous trading apps and brokers. While investors need to be aware of a possible scam, excellent and reliable crypto trading platforms won the loyalty of many beginner and seasoned investors. So many of our readers have been asking.

So what are the best crypto trading robots today? Is it true that you can make money on autopilot without any prior trading experience? What profits can one complete with some of the best crypto trading robots? We have prepared this review of the most popular trading robots to answer this and other essential questions. But, first, let us quickly explain to those who don’t know what best crypto trading robots are and how they work.

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A crypto trading robot is essentially an automated trading system that allows you to execute your investment strategy on autopilot. Such trading systems have been used for many years by large institutional investors and have been adopted by individual investors over the last few years, especially those who trade Forex. The crypto trading robot is an algorithm that analyses a particular asset, Bitcoin, Ethereum or any other altcoins, and makes short-term price move predictions. The algorithm is based on a technical analysis that makes Buy or Sell recommendations and automatically executes the trade. 

Below you can see the list of the Best Crypto Trading Robots currently available on the market. We have conducted an in-depth review of each of them, and you can read those reviews and learn more about the functionality of each crypto trading robot. 

Best Crypto Trading Robots vs DIY Trading

Crypto trading robots provide automatic trading, systematic trading, or algorithmic trading, which means pretty much the same.

There are types of investors who prefer to make trading ent decisions themselves and trade manually. Such investors often invest in the asset class long-term to expect it to increase in value over time. But, unfortunately, they usually hold on to the investment for a long time and lose money in the volatile or bear markets. Such investors are also often called value or fundamental investors. But there is also a large number of active investors who are looking to make money both in bull and bear markets.

Among ordinary investors, day trading means that you can profit when the prices rise and decline. Such investors also benefit from market volatility, which means they have many more opportunities to buy high and sell low or take a short position and make a profit. Thus, a large number of small profitable trades is a successful strategy of day-trading

A successful strategy in day-trading is to try to make a small profit on many transactions. Of course, not every business is profitable, and some can lose money. But as long as you make more profitable trades on average than ones that fail, you will still make a profit. So, the best crypto trading robots that are becoming so popular today will all have their roots in automated trading that investors use in traditional markets.

Best Crypto Trading Robots for Beginners

Up to $5k
Risk Warning
The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.
  • Invest on Autopilot
  • Earn up to £5k p.m.
  • Ideal For Beginners
Up to $3.5k
Risk Warning
The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.
  • No Experience Required
  • Start Investing with $25
  • Passive Income
Zero Commissions
Risk Warning
Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Profit-sharing accounts are subject to a monthly performance fee per selected trading system.
  • Copy Top Performing Traders
  • Unique Advanced Features
  • Traders Combos
>100% Returns
Risk Warning
The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.
  • Generate Passive Income
  • Ideal For Beginners
  • Earn up to £3k monthly
Only $25 per trade
Risk Warning
The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.
  • Earn up to £3.k monthly
  • Ideal for Beginners
  • Invest on Autopilot

How do the Best Crypto Trading Robots work? 

There are several different types of crypto trading robots, explaining the difference between them later on. But all the best crypto trading robots will have a number of the same features in common.

Automated Trading

The most crucial feature of good trading robots is that it allows you to trade cryptos 24/7 as long as the market is open. Another significant advantage is that investors don’t have to be in front of the computer screen all day long to trade. Once you start using a trading bot, it starts investing on autopilot. As a result, you can effectively make money when you sleep and have the computer do most of the work for you.

No Human Factor

Another significant benefit of the crypto trading robot investing on your behalf is that you exclude human emotions in making decisions (which more often does not work in your favour). Often, investors can allow their feelings to get in the way and either sit on their investment for too long or react too early. Of course, as with everything in life, there never could be a 100% guarantee and some human oversight is still required, but still, computers can execute most of the day to day work while people monitor their activity. 

All the best crypto trading robots relentlessly analyse the market and make trade recommendations only based on algorithms. As a result, the machine won’t get greedy or fearful and can follow a predefined investment strategy. That is why computers and algorithms do almost 80% of the trading in today’s financial world. 

Crypto Trading Strategies & Signals

Most automated crypto trading strategies and traditional ones rely on technical analysis, trading indicators, and signals. For example, trading algorithms study the Bitcoin (or other cryptos) market price moves and produce signals when to buy or sell the underlying asset. There are many technical indicators such as Stoch, RSI, Bollinger Bands, MACD and many others. In addition, algorithmic traders might use volatility indicators such as bands to make frequent and small gains.

They can also use Trend Indicators such as MACD and moving averages such as EMA, SMA and KAMA when making investments. In addition, there are also Volume and momentum indicators (oscillators) such as Stochastic, Stoch-RSI, RSI and many others.

Trading signals and indicators is a “secret sauce” of a successful crypto algorithmic strategy, and we strongly encourage you to learn and educate yourself. The good thing for beginner traders is that most good platforms offer extensive educational resources to learn the basics quickly. In addition, the best crypto trading robots also offer social trading, so if you are not confident in creating your strategy, you can also follow a trading strategy of an experienced investor.

But most of the best crypto trading robots offer access to trading strategies that are already pre-built, so you can start investing almost immediately (after completing the onboarding process). 

Can I Make Money with Best Crypto Trading Robots? 

One of the most important questions for any crypto investor is how much money can I make with the best crypto trading robots? 

As with any asset class, investors have to remember that investing in cryptocurrencies is risky. Past performance can never guarantee future results, and you have to be cautious if someone promises you high returns. The Golden Rule in investing is that you should not invest more than you are prepared to lose. Of course, that doesn’t mean that you will lose all your money, but it is always important to remember and manage risk.

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If you are learning the ropes of crypto trading, it is always better to start small and increase your stakes as you gain experience and confidence in the market. It is essential to learn and master your trading skill if you want to succeed in anything in your life, and the same applies to crypto investing.

It is reported that it is possible to make 2-3% in daily profits with some of the best crypto trading robots on average. Of course, not every trading day could be profitable, but it is possible to pocket a 30-40% monthly return on your investment. So with a $1000 initial investment, you can reasonably expect that you can make $300-400 in profit per month. 

Self-education, discipline and consistency are the keys to success in day trading. Of course, it is crucial what trading algorithms you use and what the market conditions are. What works in one market might not work in the other, and crypto investors need to adjust their strategies accordingly and test what indicators and signals work best for them. The price volatility also works favourably for trading robots as it presents more opportunities to get in and out of the trade. 

It is essential to mention that, most likely, none of the Best Crypto Trading Robots will generate profit during the market stress. So it is always vital to have the stop loss set every time you trade to minimise the downside. And if you see that all crypto prices are heading in one direction, it is better to hit pause on your crypto trading robot and resume investing the next day. 

Best Crypto Trading Robots – Different Types

There are two distinct types of crypto robots, and here we would like to explain their differences.

Trading Robots affiliated with CFD Brokers

This crypto trading robot is usually a pre-defined trading algorithm and is affiliated with a CFD broker. To start trading, you will need to open an account with the broker, complete the onboarding process by providing a copy of your passport, residential address and other details. Once you deposit funds with the broker, the crypto trading robot can execute its investment strategy via the broker platform. 

We have to admit that most of the best crypto trading robots and their algorithms are more of a black box. They are typically less customisable where investors can set basic trading parameters such as stop-loss, trade size, take profit and similar ones. But it is not possible to look inside the algorithm or configure and tweak it.

Such crypto trading robots are more suitable for beginner investors who don’t know much about technical analysis or systematic trading. Typically, such robots are free and have demo accounts, so you can try them out before committing any money. Moreover, as they are affiliated with the CFD broker, they incentivise investors with top-performing algorithms to keep trading by making money.

Such robots will often provide access to a limited number of altcoins that you can trade. With most of the best crypto trading robots, you can invest in Bitcoin, Ethereum, Ripple, Litecoin and other significant cryptos, but this number will still be limited. As with any CFD broker, you won’t own the underlying asset but want to make money from price moves that still work for many traders. But most of the top crypto trading robots will have a minimum deposit requirement of only $100, and you can start investing with as little as $10 per trade. 

If you decide to invest with one of the best crypto trading robots affiliated with a CFD broker, please do your due diligence on the broker to make sure you trade with a reliable company.  If CFD broker is regulated, this should give you more peace of mind. If the CFD broker is not regulated, it can still be credible and have good trading algorithms, but investors need to be more careful. Try them out first by investing a smaller amount, withdrawing the profits, contacting their customer support to see how soon they reply, and performing a few other tasks to understand how brokers operate and treat their customers.

Start investing with the smaller amounts to see how the Broker works and how good their algorithms are. Then, once you feel more confident and start making money, you can increase your stakes and up your game.

Best Crypto Trading Robots for CFD Brokers

Bitcoin Revolution Crypto Robot Best

Up to $5k

? $5k+ MonthlyProfit
? Best Trading Robot
✅ .Easy to use
? Crypto & Forex pairs

Risk Warning
The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.

Trading Robots that trade through Exchanges

Another type of crypto trading robot allows investors to create their trading strategies (or use ones built by others) and then connecting and trading directly from the exchanges. Such trading robots are fully transparent, and you can create your trading strategy, choose which indicators and signals to use, configure trading and other parameters. Some of them also have access to strategies marketplaces to buy a strategy developed by other experienced traders.

Most trading robots provide access to all popular cryptocurrency exchanges. Investors can trade pretty much any altcoin listed on the crypto exchange, including Bitcoin, Ethereum and many other altcoins. So you can pretty much get access and invest in the whole market, while if you trade with a CFD broker, you would be limited to a very few.

We quite like the level of customisation available with this type of crypto trading robot. Still, investors must have a decent understanding of trading strategies and have advanced technical analysis and trading indicators which might be an obstacle for beginner investors. However, the trading bots covered in our reviews have extensive educational libraries with lots of videos and reading material. They also have active communities of crypto traders to continuously tap into the collective wisdom and ask for help if required.

There are two types of crypto trading robots—the first type sold as software at a one-off fee. You will need to download it, install it on your system, and connect to the crypto exchange. An example of such a crypto robot is GunBot from Crypto Trading Bot. Another type is a cloud-based crypto trading platform that allows you to access it from any computer. Investors can access strategies marketplace, third-party providers of trading signals, active community of traders and good support. Examples of the best crypto trading robots in this category are HaasBot, Cryptohopper and Zignaly.

Best Crypto Trading Robots for Crypto Exchanges

Haasonline Crypto Robot

Free Account

? Advanced Trading Robot
? 250+ Cryptocurrencies
? Pre-built Trading Strategies
⚛️. Multiple Exchanges

Risk Warning
The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.