Review Top 27 cryptocurrency trading bots

Cryptocurrencies continue to be a fascinating phenomenon of our time. Having quickly become very popular, digital coins continue to be a perfect investment tool that can give huge profits on cryptocurrency exchanges or long-term investments in these assets.

Services and bots for automating crypto trading on exchanges

Bots and platforms	Website	Cost	Cryptocurrency Exchange
Revenuebot	revenuebot.io	For free. Payment with % of profitable trades	Exmo, Binance, Binance futures, Poloniex, Bitfinex, Bittrex, OKEX, CEX, HitBTC, Bitmax, Kraken, Kucoin
Cryptorg	cryptoorg.net	Free when trading on the internal exchange. From $30/month depending on rates on other exchanges. There is a trial plan for 2 weeks with the option of creating one bot	Binance, Bittrex, BitFinex, KuCoin, Poloniex, HitBTC, BTC-alpha, CoinsBit, OKEx
3Commas	3Commas.io	From 14 $. Test period – 3 days on the tariff  “Professional”	Bitmex, Binance, Binance Futures, Bybit, EXMO, Gate, Huobi YOBIT, Bittrex, BitFinex, Bitstamp, KuCoin, Poloniex, HitBTC, Cex, Coinbase Pro, OKEX
Veles	Veles.Finance	For free. Payment with % of profitable trades	Binance, Binance Futures, Binance Coin

There is a systematic increase in user interest in crypto exchanges, where it is easy to “catch” a good trend and make money quickly on such a price movement. Experienced speculators create their capital on the sites trading operations with Bitcoin, altcoins and other crypto assets. You can profit by manually opening positions after analyzing the market, studying the price chart, viewing data from technical indicators, etc. However, the 21st century has allowed for effective crypto trading in automatic mode through particular crypto bots.

Let’s consider the developing trend of automated trading of virtual currencies using unique algorithms, analogues of which has long been profitable for traders on Forex, the binary options market, stock markets and other financial exchanges. Then, let’s analyze the 27 best cryptocurrency trading robots and advisors recommended to use in 2022 to make money.

What is a crypto bot for trading?

As noted, efficient trading in financial markets is possible without the direct participation of a speculator in the auction. It is also relevant today for cryptocurrency exchanges, where the clever use of the capabilities of crypto bots can bring a stable profit to the trader.

A cryptocurrency robot or bot is a specially created algorithm that uses different indicators and a software system (scanner) that recognizes market entry points and makes transactions on behalf of the user.

Cryptocurrency trading bots

In the rapidly developing crypto market, the possibility of automating the trading process is very much in demand. Using coding and programming skills, traders can create crypto bots or competently optimize existing advisors for efficient digital coin trading. The robot will independently trade crypto assets, bringing income to its owner.

However, there is a significant risk here, which for some reason, is stubbornly ignored by beginners and inexperienced crypto traders. Dozens and hundreds of algorithms that automate trading in exchange instruments are regularly made available on the Web, and nothing is known about their actual quality of work. Therefore, it is easy to make a mistake in the settings or launch an initially inefficient bot. Of course, this will entail a quick drain of the deposit. Therefore, working with crypto robots carefully after conducting multilateral tests on demo accounts is necessary.

Important!: Due to its popularity, the cryptocurrency market immediately attracted all sorts of scammers. There was a progressive increase in fraudulent cases in this area of the modern economy – many cybercriminals cheating illiterate people in various ways. Cryptocurrency bots here confidently enter the top 6 scams.

Always be vigilant and choose a trading advisor for crypto trading very carefully. Otherwise, if you catch a virus, you can lose funds from your trading account by mistakenly transferring the earned coins to the fraudster’s crypto wallet.

What are cryptocurrency bots?

Types of crypto bots and their features

• Trading. It uses technical analysis indicators SMA, RSI, MACD, etc. to make decisions to buy or sell an asset;
• Advanced. For experienced users. There is no pre-installed strategy, and it can completely customize the bot from scratch;
• Scripting. For those who are familiar with programming. The open-source code is taken and edited for itself. It allows you to get the most adapted result, thanks to the flexibility of the development;
• Market makers. It adds orders to both sides of the order book, thereby creating market liquidity. If live traders appear during this process, then their orders are instantly redeemed, after which the bot continues to work;
• Signal. It helps collect forecasts from TradingView, social networks, blogs, media, Telegram channels and other sources. Based on the data received, they send signals about changes in the market or create trading recommendations;
• Arbitration. It focused on intra-exchange or interexchange arbitration. Due to the high crypto market volatility, such bots carry out many transactions and provide some income. However, it is difficult to find an effective arbitration bot – the more people use them, the lower the profitability will be;
• Bots for statistical arbitrage. They reveal the patterns of rates of different coins and find the dependence of one on the other. The user chooses the set of cryptocurrencies under consideration and also sets candidates for short and long at his discretion. Such crypto bots are usually not made available for public use and are used by hedge funds.

There is no perfect bot that will do everything for you. Everywhere you need a deep understanding of the robot’s actions and the ability to configure it properly. It is also advisable to first train on demo accounts.

How to choose a crypto bot?

There are at least eight main criteria for choosing a bot for cryptocurrency trading

• What strategies the robot allows to implement. Editable parameters, support for specific technical indicators and market information;
• Ease of setup and freedom of action for the user. Which settings the user must adjust on their own, and which sets the bot selects automatically;
• Ease of use. It can launch some bots in a couple of clicks by selecting the desired strategy, and others require programming; the choice depends on your knowledge and skills;
• Exchange support. As a rule, all known bots are compatible with all popular crypto exchanges. But if you use lesser-known platforms for trading, then pay attention to this factor;
• Reputation and duration of work. How old is the platform on the market, what are the user reviews, and is it legal to use this program;
• Payment. Some bots are only available with a subscription fee; others are free but charge a commission on each trade;
• Profitability. Before you start using the robot, calculate how profitable the process will be, taking into account the payment for the program services;
• Security. It is essential to study the reviews and what the developers say about the security measures they have taken. After all, you will have to trust the platform somehow to manage your funds

The Best Cryptocurrency Trading Bots for Crypto Exchanges in 2022

Robots and advisors that help traders or crypto investors earn tokens on the cryptocurrency market are becoming increasingly popular and in demand in modern online businesses.

We have reviewed many well-known trading bots and noted their pros and cons. Some are complex and suitable only for experienced users; others are simpler and suitable even for beginners. 

1. Revenuebot

Cryptocurrency automated trading bot that requires minimal user intervention. It is enough to set several initial settings. All settings are described in the FAQ сhapter in detail, so a beginner can easily cope with them.

RevenueBot – cloud bot for earning on top cryptocurrency exchanges.   

Automatic trading (using the martingale system) is conducted around the clock; no subscription fee is charged; only a percentage of the Profit is paid. It works with platforms: Binance, Binance Futures, Exmo, Livecoin etc.

Features

• a smart grid of orders, volatility indicators, backtests an automatic transition between trading pairs.

Supported exchanges

• Binance, Bitfinex, Bittrex, Poloniex, Exmo, Livecoin, HitBTC, OKex, Cex.io, Bitmax, Kucoin, Kraken, and Binance futures.

Cost

• 20% commission from the Profit from the bot’s work, but not more than $50 per month. This scheme encourages developers to make the bot as efficient as possible.

Pros

• No subscription fee;
• Security – all funds are stored on connected exchanges, not Revenuebot;
• Simultaneous trading on several trading pairs;
• Detailed statistics on all indicators of trade;
• Ease of connection and configuration;
• Affiliate program.

Minuses

• If you do not understand the essence of the strategy, then you can go into the red;
• Sometimes, there are failures in work.

Setting up Revenuebot on the example of the Binance exchange

First, you need to register on the site. Then go to the section Bots (Bots) and expand the menu CREATE NEW BOT.

Enter any name for the bot and select a crypto exchange from the supported ones. In our case, Binance.

Then, fill in the fields that will open after that

• trading pair;
• API key – you must first create it on the Binance exchange; this is done in your account in a couple of clicks;
• wallet – select an existing one or create a new one, specifying its name and other parameters;
• commission – choose which commission will be applied by Binance, namely, whether to use the BNB token (it must also activate this option be d in the account of the exchange itself).

Next, the crypto bot operation algorithms are selected. There are two of its – Long and Short. The principle “buy cheaper, sell more expensive” applies in both cases, but the difference lies in placing orders and at what exact moments to buy and sell. After choosing an algorithm, you can select a predefined template for it or specify the settings manually.

Settings include

• The percentage value of overlapping price changes, based on which the grid of orders is calculated;
• Indentation of the first order in the grid;
• Selection of the rate on the exchange ( buy, sell, average ), from which it will calculate the grid of orders;
• Martingale and the number of orders in the grid;
• The profit that the bot will apply at the time of calculating the price of the final order;
• Coin in which there will be a profit (only for Short );
• Updating the grid of orders to the current price is necessary to avoid the price moving far from the grid;
• Pause before starting to cancel the current grid of orders if the previous setting worked;
• Pause before installing a new grid;
• Pause before starting a new cycle after the end of the previous one.

And several additional settings – for example, crediting Profit to the bot’s virtual wallet or the logarithmic distribution of order density.

Before launching the robot, you must set several filters to ensure that it starts trading at the best time based on your wishes and the selected trading algorithm. Finally, you can set up receiving notifications about trading progress via SMS, email, Telegram, etc. And click “Create New bot”.

2. Cryptorg

The Crypt org platform allows you to activate an almost unlimited number of trading bots simultaneously; its number is limited only by the number of trading pairs on the exchange. Furthermore, it is possible to connect robots via API. You can use the built-in strategies for automated trading or set up your own. In addition, the project is a social network with a chat to exchange experiences between traders.

Features

• Trade-to-mine, notifications via Telegram, trial period, built-in marketplace, CTG tokens.

Supported exchanges

• Bittrex; Poloniex; Bitfinex; Binance; Bitmex; KuCoin; HitBTC; CoinBit; BTC alpha; PrismBit.

Cost

• Tariffs from $30 to $100 per month. You have a trial plan with reduced features that you can use for 14 days for free and then for $15 per month.

Pros

• Multiplatform application;
• Support for working simultaneously with a large number of bots;
• Built-in crypto exchange;
• Mining CTG tokens by making transactions.

Minuses

• Supports a few exchanges.

3. 3Commas

3Commas – it is both a bot and a trading terminal. It supports 20+ cryptocurrency exchanges and paper feature trading; it allows you to organize a single cryptocurrency portfolio by combining your exchange accounts. In addition, the portfolio is conveniently visualized in the form of infographics in your account. Since 2020 3commas has been a partner of the Binance exchange, which provides users with a comfortable trading environment through Binance ‘s asset management and security infrastructure.

Features

• backtests, trial period, shorting, DCA.

Supported exchanges

• Binance; Bittrex; Poloniex; Bitfinex; Binance jersey; Binance US; Bitstamp; Bybit; KuCoin; Huobi global; HitBTC; Coinbase Pro; Kraken; EXMO; OKEx; Bitmex.com;  Cex.io YoBit; Gate.io Binance DEX.

Cost

• tariffs $29 – $99 per month (when buying for a year – cheaper). You can try the maximum PRO tariff for free for three days.

Pros

• Copy-trading function (copying strategies of successful traders);
• Support for multiple exchanges;
• Smart function Trading (simultaneous transactions on different exchanges to obtain maximum Profit);
• Mobile app;
• Functional interface.

Minuses

• It is not very suitable for beginners.

4. Stratum Bot

Simple and convenient Stratum. The bot aims to simplify automated trading, especially for novice users. It can simultaneously work with several or dozens of pairs, using individual settings for each. In addition, a flexible averaging tool (DCA) ensures a stop loss protects against significant losses under challenging situations.

Features

• Trailing Profit, reverse trailing, multithreading, ignoring minor orders.

Supported exchanges

• Binance, YoBit.

Cost

• Binance – $13 per month, YoBit – free.

Pros

• Ease of use, quick start of trading;
• Free version for the YoBit exchange ;
• Auto – selection of parameters in one click;
• Good trading functionality.

Minuses

• Only two supported sites.

5. Signal

Zignaly – a cloud service that you can work with through a browser without installing an application. More than 20 external signal providers help users automate the trading process. Works in conjunction with the TradingView account.

Features

• trailing stop, stop loss, alarms, and application of custom strategies from TradingView.

Supported exchanges

• Binance, KuCoin and others.

Cost

• Completely free recently, previously $15.99 per month. The platform became part of the Binance program Broker and now earns commissions from the Zignaly platform Exchange.

Pros

• Free;
• Interaction with the TradingView account;
• Use of practical trading algorithms;
• Reliable signal sources.

Minuses

• A few crypto exchanges and some functionality are still at the implementation stage.

6. Botee trade

A cloud service provides many opportunities for trading bitcoin and altcoins on different exchanges. Supports margin trading feature. The interface is almost entirely customizable, and you can configure it to your liking. You can work through a browser or application. A set of tools allows you to create and run your strategy.

Features

• Paper Trading, backtests, trial period, shorting, DCA.

Supported exchanges

• Bitfinex, Binance. It is planned to add HitBTC and Bitmex.com.

Cost

• Tariffs from $60 to $270 per month. You can use it for free for seven days with minimal functionality.

Pros

• Extensive functionality, a large number of options and indicators;
• Margin trading with leverage, you can enter short and long ;
• Affiliate program;
• Free and unlimited backtests.

Minuses

• Supports few exchanges;
• Rather expensive rates.

7. Apitrade

Api Trade platform supports 6+ trading and arbitrage algorithms with minimal risks, automatically trained in work. Moreover, according to the developers, it guarantees a regular trim level of income almost every day because it simultaneously uses the 25 largest exchanges to find conditions for profitable deals.

Features

• DCA, seven days money back if the services are not satisfied, no monthly fee, automatic trading.

Supported exchanges

• Bittrex; Poloniex; Bitfinex; Binance; KuCoin; Bitmex; Huobi; Cryptopia; GDax; BitZ; Kraken, OKex, etc.

Cost

• 50% of profits are generated from automated trading and arbitrage trades. Manual trading is completely free.

Pros

• Virtually complete free;
• Easy to set up, it is possible to start trading with one click;
• Advanced system algorithms;
• Ability to work with small deposits;
• In case of losses incurred due to bot errors, a full refund is guaranteed.

Minuses

• No apps, only browser version.

8. ProfitTrailer

A powerful crypto bot that allows you to automate any strategy on technical indicators – BB, DCA, RSI, EMA, SMA, MACD, STOCH, etc. There is a detailed reference section, but only in English. The bot app is available for all devices. The platform has a fairly active community, and you can chat and get help from other traders.

Features

• Paper Trading, DCA, trial version, technical support via Discord, subscription to signal alerts.

Supported exchanges

• Poloniex, Bittrex, Binance, Binance, Binance Futures, Binance Jersey, Binance DEX, Kucoin, Huobi. BitMEX and Bybit.

Cost

• €30/month. There are tariffs with a one-time payment (€799 and €999) – free limited editions for Binance and Bybit. Also available is Paper Trading.

Pros

• Lots of features, strategies and tools;
• Availability of free trial versions;
• Ability to run two bots at the same time;
• Multiplatform ;
• Detailed statistics.

Minuses

• It is challenging to learn for beginners.

9. HAASonline/HAAS bot

The most famous and challenging to learn crypto bot. Allows you to quickly create, test and deploy automated strategies on multiple exchanges. All processes take place in the cloud, on the company’s servers. The HaasScript programming language allows you to create automated trading algorithms, develop technical indicators, interpret signals, etc.

HaasBot is a complex version of the trading robot, consisting of 4 different algorithms. The robot uses up to 500 cryptocurrencies in trading operations – it developed the program in 2014. As many traders say, this bot has two key features: paid and effective.

HaasBot trades on all major cryptocurrency exchanges ( BitMEX, KuCoin, Binance, Gemini, Kraken, Huobi, etc.). Verification is three-level due to the different openness of the functionality for the client.

License cost for three months

1. Basic access – 0.028 BTC;
2. For advanced beginners – 0.049 BTC;
3. Professional version – 0.08 BTC.

Payment is accepted by cryptocurrency bitcoin. Therefore, you can compare plans and choose the one you need according to your needs.

Features

• Paper Trading, backtests, shorting, trial version.

Supported exchanges

• Binance, Binance Futures, Binance US, Bitfinex, BitMEX, Bitpanda Pro, Bitstamp, Bittrex, ByBit, Deribit, Gemini, CCEX, Cex.IO, Cobinhood, Coinbase, HitBTC, Huobi, Ionomy, KuCoin, NovaExchange, Kraken, Kraken Futures, OKCoin, OKEX, OKEX- Futures, OKEX- Swap, Poloniex.

Cost

• tariffs for 3 to 12 months from 0.028 BTC to 0.208 BTC. There is a 14-day trial license.

Pros

• Support for many exchanges, including futures;
• Visual strategy editor;
• Own programming language;
• Trade server HaasOnline, working 24/7.

Minuses

• Expensive rates.

10. GUNBOT

It is a powerful and relatively easy-to-use trading bot. It contains many pre-installed strategies for beginners, allowing you to start trading and make a profit quickly. However, advanced users also have many opportunities, from margin trading to JSON configurations.

Gunbot is a paid bot for automated trading in crypto currencies. Firstly, this platform attracts attention with a wide range of functional settings that allow: to set the maximum level of trading risk, bring the work of the cryptocurrency bot closer to the trading strategy used, etc.    An important nuance is the work of Gunbot on most functioning cryptocurrency exchanges, for example, Sex.io, Binance and Bitmex.

What is Gunbot?

• Gunbot is an automated Crypto trading robot. It uses many customized strategies that are fully customizable to your trading style.
• Gunbot is powered by Bittrex, Binance, Poloniex, Bitfinex, Cex.io, GDAX, KuCoin, Kraken and Bitmex.
• Gunbot is a one-time payment and free to receive all updates and over 20 different buying and selling trading strategies.
• Gunbot is supported by all operating systems – Windows, Linux and Mac.
• Pricing plans offered to crypto traders vary in features and cost from 0.002 BTC (the most stripped-down version) to 0.125 BTC (for professionals). Interestingly, you need to pay the fee once, without additional surcharges.
• Another significant advantage of the crypto bot Gunbot is an integrated set of 32 efficient decentralized coin trading systems. After testing, the user can activate any option that has proved worthy!

Features

• Paper Trading, DCA, backtests, shorting, trial.

Supported exchanges

• Binance, OKex, HitBTC, Kucoin and more, over 100.

Cost

• lifetime versions ranging from 0.02 BTC to 0.125 BTC, the number of functions varies.

Pros

• Ability to save the configured algorithm locally;
• Privacy – the bot does not collect or store information about users;
• Multiplatform;
• 40+ trading strategies;
• The maximum number of supported exchanges.

Minuses

• You can buy only for bitcoins;
• Runs on your computer, requiring a certain amount of computing power.

11. SWBOT (not working)

SWOT is designed for experienced users who have already dealt with automated trading on cryptocurrency exchanges. There are versions of the application for Linux and Windows, and you can control the bot’s work through Telegram. To create an account, you need to specify your telegram ID. The bot @ my_id_bot or another similar one will help you find out.

Features

• DCA, trial version, double-sided trail, web interface with statistics.

Supported exchanges

• Bittrex, Binance, Poloniex, Wex.

Cost

• $25 per month, limited demo available. Payment is made in BTC at the current exchange rate.

Pros

• Automatic recovery after reboot or shutdown;
• Tracking the general market trend;
• The ability to work with several currency pairs at once with one bot;
• Cross-platform.

Minuses

• Only for experienced users;
• Few exchanges are supported.

12. Botanica

BOTanica is a series of trading bots on the Binance and Poloniex exchanges. It supports all currency pairs that are available on these sites. The user himself chooses the teams he is interested in. Used trading strategies – an averaging strategy with a given profit rate and martingale. Actual updates of the BOTanica bot in a thread on the bits.Media forum.

Features

• DCA, trial version, customizable alerts, unlimited number of simultaneously traded pairs.

Supported exchanges

• Poloniex and Binance.

Cost

• one-time 0.06 BTC; there is a demo version.

Pros

• Simultaneous trading of several pairs;
• Switching between an automatic or manual selection of pairs;
• Handling freezes or errors of the crypto-exchanges themselves;
• Ability to set sound alerts.

Minuses

• Works only on two exchanges;
• No website, only forum posts.

13. Gimmer

The bot conducted an ICO in 2018 and raised $2.8 million (although six were planned). The decentralized trading platform includes modern indicators and tools based on artificial intelligence. The Gimmer is relatively easy to use, so it interests different categories of traders, regardless of their trading experience.

Features

• Paper Trading , backtests , DCA, demo.

Supported exchanges

• OKCoin, Huobi, Kraken, Binance, Bittrex, Cobinhood, Bitmex, Bitfinex, Poloniex.

Cost

• from $25 per month to $255 per year. For holders of GMR tokens, use can be free.

Pros

• Good infrastructure with ample opportunities;
• GMR token, giving several bonuses to holders;
• Margin trading;
• Portfolio formation;
• Cross-platform.

Minuses

• No Russian language;
• Little background information, and only in video format.

14. GBOT

A trading bot that can control through Telegram or a control panel. Trailing stops and stop losses are supported. You can work simultaneously with an unlimited number of trading pairs.

Features

• DCA, demo version, control via Telegram,

Supported exchanges

• Poloniex, Bittrex, Exmo, Bitfinex, Liqui, Binance etc. (total 16).

Cost

• license from $30/month for one exchange or $100 for all at once. You can also buy unlimited for $900.

Pros

• Support for all popular exchanges;
• Convenient interface and management;
• More than ten combinations of trading settings;
• Round-the-clock work;
• Detailed FAQ.

Minuses

• Difficult installation, not for beginners;
• For quite a lot of money, the functionality is not too broad.

15. Cryptohopper

A cloud-based crypto trading bot that works 24/7. It allows a wide range of exchanges and currencies. It offers many features, including copy trading, and is easy to set up.

CryptoHopper is a robot for automatic trading on cryptocurrency exchanges: Huobi, Binance, Ku Сoin, Kraken, Poloniex, Bitfinex and others. A seven-day free plan is available to get acquainted with the platform’s functionality. There are three plans in total: starter, medium, and professional. On the latter, arbitrage trading is available, opening 500 trades with 75 cryptocurrencies, signals, etc.

Features

• backtests, DCA, trial version, crypto portfolio management.

Supported exchanges

• Bittrex; Poloniex; Bitfinex; Binance; Binance US; KuCoin; Bitstamp; Huobi Global; HitBTC; Coinbase Pro; OKEx; Kraken; BitVavo.

Cost

• $19 to $99 per month (if you buy for a year, it’s cheaper). There is a free version with reduced functionality.

Pros

• Easy installation and configuration;
• Many functions, exchanges and coins;
• Moderate rates for tariffs;
• Ability to use professional tools without specific knowledge.

Minuses

• Little information about the developers.

16. Margin.de (ex. Leonardo bot)

The service was previously known as Leonardo but then changed ownership and rebranded. In addition to the name, the interface has changed, and some functionalities have been added. Supports technical indicators: MACD, EMA, RSI, VWAP, etc.

Features

• Paper Trading, trial version, interactive charts, structured approach to trades.

Supported exchanges

• Binance; Bittrex; Poloniex; Bitfinex; Binance Jersey; Binance US; OKEx; Kraken; KuCoin; Bitstamp; Huobi Global; HitBTC; Coinbase Pro; Cex.io; YoBit; Gemini, and CoinOne.

Cost

• Lifetime license from $129 to $2999.

Pros

• Flexible interface settings;
• Wide choice of indicators;
• Many crypto-exchanges;
• High level of security.

Minuses

• A significant initial investment is required;
• Custom strategies are too complex;
• Narrow bot configuration functionality.

17. Cap Club (closed)

Cap Club is a manual and automated trading platform on the Binance and Bittrex cryptocurrency exchanges. The tools collected on the platform make trade more accessible and efficient: StopLoss and TakeProfit working simultaneously; installation of personal signals; Trailing – mechanisms for buying and selling; ready-made basic strategies.

A distinctive feature of the service is a visual editor with flexible settings that allows you to create strategies of any complexity and logic.

To hone your trading skills is available to demo exchange, where you can practice trading on virtual funds without risks and financial losses!

The free plan for Cap ClUB is unlimited in time, but it limits the number of strategies, API keys, and notifications. To trade without restrictions, you can purchase the PRO tariff – $30 per month or $300 per year.

18. The CAT bot

The bot has been running since 2014 and offers a variety of settings and preset strategies for bullish and bearish market conditions. Represents a managed Java8 application that runs using an API.

Features

• transparency, access to logs and backups, and fine-tuning strategies.

Supported exchanges

• Poloniex, Bittrex, Binance, Bitfinex, C -Cex, HitBTC, Bitstamp, CEX.IO, Kraken, OKEX, Livecoin, etc.

Cost

• lifetime license 0.065 BTC, add-on for API interfaces 0.015 BTC.

Pros

• Flexible configuration;
• Relatively simple launch regardless of the operating system;
• There is also an arbitrage bot for passive income;
• Lifetime license. All future releases are sent as a link to Dropbox.

Minuses

• High price;
• Add-on is available for a fee.

19. Shrimpy

The bot is relatively new but has already gained popularity because most services are free or inexpensive. The transparency of the development is also captivating – the creators regularly post news about updates and listen to users’ opinions. In addition, the bot provides several rare features such as Rebalancing – automatic portfolio rebalancing to maximize profits.

Features

• backtests, copy trading, free Hodler trading bot package.

Supported exchanges

• Binance, KuCoin, Bittrex, Coinbase Pro, Kraken, etc.

Cost

• A free and paid plan for $19 per month. You can contact support and form a tariff personally for yourself for a fee.

Pros

• Low cost and lots of free features;
• Convenient, friendly interface;
• A built-in social network for communication with other traders;
• A decent set of features.

Minuses

• No mobile application;
• According to reviews, less profitable than its competitors.

20. Live trader

It is a crypto bot with support for powerful trading algorithms. Supports trading 24/7 using automated strategies. In addition, there are customizable alerts to keep you up to date on important work events – Lightweight strategy builder.

Features

• Paper Trading, technical and fundamental indicators, pre-installed strategies, backtests, trial version.

Supported exchanges

• Kraken, Binance, BinanceUS; plans to add KuCoin, Poloniex, Bitstamp and Bitfinex.

Cost

• $9.50 to $49.50 for the first month, increasing in subsequent months. You can try two of the three plans for free for seven days.

Pros

• High security;
• Different complexity of the strategy (from 4 to 20 triggers);
• Up to 1000 different bots;
• Up to 10 strategies to choose from.

Minuses

• A small number of exchanges;
• While incomplete functionality, many options are only planned to be implemented.

21. Hodlbot

HodlBot is a highly customizable cryptocurrency trading bot that allows you to carefully index the market, create investment portfolios and automatically rebalance them. Portfolio management is positioned as a priority function and is conveniently organized.

Features

• Automatic rebalancing, market diversification for coins, blocklists of coins.

Supported Exchanges

• Currently only Binance.

Cost

• $3 to $14 per month, depending on the portfolio size.

Pros

• Low prices;
• Convenient interface;
• Possibility of comfortable portfolio management, including its automatic balancing;
• Flexible settings;
• Competent technical support 24/7.

Minuses

• Only one exchange.

22. TradeSanta

TradeSanta is a relatively new cloud bot that has already gained a positive reputation. It supports all major types of orders and automatically allows you to execute more complex strategies. The functionality is extensive, but you need to get used to it.

Features

• Long and short custom templates, and a large selection of technical indicators, including rare ones.

Supported exchanges

• HitBTC, Binance, Bitfinex, Bittrex, UPbit, Okex.

Cost

• There is a free plan with a minimum number of options and paid ones from $14 to $70 per month.

Pros

• Simple interface;
• Many options for automatic trading;
• High degree of security;
• No trading commissions;
• Moderate prices.

Minuses

• There are complaints about poor technical support;
• Works best only with proven strategies.

23. GEKKO bot

One of the oldest and most proven bots, with which many started their trading journey. Now no longer maintained by the creator but still free to use. Collects market information in real-time and executes live orders. In addition, it can track the results in a graphical interface on the site.

Gekko is a free crypto bot on the GitHub web platform. The platform allows registered clients always to use a unique feature to create their open-source cryptocurrency bot. Then you just need to download the program, run it on a PC, set the parameters and wait for the earned coins.

Gekko has a lot of powerful, efficient options that make it possible to optimize, correct and test trading strategies.

Using a trading robot is not difficult. But, first, you need to create your version of the Gekko bot and activate it.

Features

• Paper Trading, open source, web interface, plugins, backtests.

Supported exchanges

• Bitfinex, Bitstamp, Poloniex, Binance, EXMO, Bittrex etc. (total 23).

Cost

• free.

Pros

• Free;
• Many crypto-exchanges;
• Graphical interface;
• A large number of indicators from different libraries;
• Open source code;
• A set of ready-made strategies and the ability to create your own.

Minuses

• No technical support since 2016;
• Installation requires specialized knowledge.

24. Zenbot

Zenbot is an open-source trading bot powered by artificial intelligence. The bot can be customized according to your trading preferences and used on all major operating systems.

Zenbot is a great crypto trading robot. This bot is accessible on the same GitHub – the program is installed on virtually all computer operating systems and has an open source code. As a result, Zenbot can make high-frequency trades and allow for profitable cryptocurrency arbitrage.

Features

• high-frequency trading, many supported assets, AI, open-source, no GUI.

Supported exchanges

• Bittrex, Poloniex, Gemini, Quadriga and GDAX.

Cost

• Free.

Pros

• Free;
• Ability to trade several assets at the same time;
• Efficient high-frequency trading.

Minuses

• Only for experienced;
• No graphical interface;
• No site.

25. Kryll

An online platform to launch automated crypto trading strategies. It is focused on maximum simplicity (What-You-See-Is-What-You-Trade principle). Systems can be created independently or rented.

Features

• Dragon Drop editor for strategies, Smart Trading, stop loss and take Profit, cloud computing, backtest ;

Supported exchanges

• Bittrex, Binance, HitBTC, BitStamp, Poloniex and others;

Cost

• 1% of trading capital.

Pros

• A full-fledged strategy market;
• Clear and straightforward control;
• Small payment;
• KRL token, giving benefits to holders.

Minuses

• Since the payment is taken for trading capital, you will have to pay even if you trade at a loss.

26. Bitsgap

It is a platform that supports the full functionality necessary for a full-fledged crypto bot – trading, arbitrage, portfolio formation and signals. There is a demo version. Automatic algorithms generate profits with every market move and minimize risks.

Features

• analysis of more than 10,000 currency pairs, arbitrage between exchanges, and free trading simulator.

Supported exchanges

• Bittrex; Poloniex; Bitfinex; Binance; KuCoin; Bitstamp; Huobi global; HitBTC, and others, over 30.

Cost

• $19 to $110 monthly + free plan with limited trading volume.

Pros

• A large number of supported exchanges, indicators and trading pairs;
• Intelligent orders;
• Integration with TradingView charts ;
• There is a demo mode;
• There is a functionality for managing investment portfolios.

Minuses

• For beginners, the initial settings will seem complicated.

27. aBOT (Arbitraging)

aBOT (automatic bot) is an arbitrage crypto bot. It will help people who make money on cryptocurrency arbitrage. The algorithm independently searches for cheap altcoins, acquires them, and sells the total number of coins at a bargain price on another cryptocurrency exchange.

To access this bot, register an account in Arbitraging Co-project. There is no commission to pay for the program so that trading operations can generate income immediately. The only fees charged to users on the service are modest transaction fees. Arbitrage is entirely decentralized. You can control the transactions made by the robot on the blockchain.

Additionally, the Arbitraging service provides a cryptocurrency wallet, a semi-automatic bot (MBOT), its exchange, etc.

28. With Cryptotrader

Cryptotrader.org is a cloud bot for automating trading strategies without software installation. It can work on all popular exchanges. In addition, the service allows you to test the operation of a trading robot in real-time or on historical data.

The cost depends on the chosen plan and starts for Basic + at 0.0042 BTC per month.

Basic concepts. Security. Advantages and disadvantages

Paper trading – trading on the stock exchange demo account with virtual coins, with no real risks to finances.

Backtest – checking the effectiveness of the bot based on historical data. The goal is to set up returns and risks properly.

Lifetime license – the ability to pay for the program once and use it indefinitely. But often, such a one-time payment applies only to a specific product version, and newer ones will have to be paid again.

A live trading bot is a robot that trades on the exchange at the current moment and with real money.

Ordering is the logic by which the bot builds buy and sell orders.

HOLD – holding a deposit on the balance sheet without making transactions.

Shorting is margin trading with leverage

Liquidation value – the moment of liquidation of a position established by the exchange in case of a price reversal. With higher leverage, the position closes faster because the liquidation value is closer to the purchase price.

DCA ( martingale ) is a strategy based on averaging. It is suitable for experienced traders and makes it possible, if necessary, to reduce the cost of buying a currency. In the settings of crypto bots, there is a DCA knee (DCA level) in the crypto bot’s settings, which means how many it will make additional purchases on the coin and the DCA coefficient – an option that determines the size of the following orders DCA.

Order grid – the order of orders based on the distance between them or by setting the maximum distance and a certain number of orders. For example, five orders every $10.

Trailing stop, trailing Buy – dynamic stop orders are automatically configured to follow the market price.

Security when using crypto bots

Users must be cautious when trusting anyone with the API keys for their exchanges. Only proven services with a good reputation deserve this. After all, an API key is a kind of permission to use your account, including trading through it and withdrawing funds. Any bot requires the provision of an API to work; this in itself is not a sign of fraud.

Carefully research each platform before you start working with it; find out what security methods are used there. Always enable two-factor authentication to restrict access to your account.

Advantages and disadvantages

Pros

• Round-the-clock trading. The bot does not need to sleep or do other things, unlike a person;
• Absence of the human factor. Usually, users make mistakes, both in trading operations and in auxiliary ones, especially such as entering details;
• Instantaneous automatic execution of operations according to the specified parameters;
• Lack of emotions and strict adherence to the plan;
• Ability to test trading ideas with Paper Trading or based on historical data;
• Convenient diversification and risk sharing.

Minuses

• There are unsuccessful or outdated strategies embedded in the crypto bot; an inexperienced user who chooses such a strategy will suffer losses;
• Many fraudulent projects. Do not be fooled by promises of hyper profits; this should immediately alert;
• The bot needs to be controlled, corrected and maintained, contrary to the common misconception “set it and forget it”;
• There are bots with low-quality software; usually, they are new and raw projects. That’s why it is better to choose proven and already 100% debugged platforms;
• Bot, even adequately configured, does not guarantee Profit. It is because many factors affect prices and earnings.

Advantages of automatic trading in cryptocurrencies

During its flourishing period, the now bankrupt cryptocurrency exchange MT- Gox used a particular crypto robot. Willy manipulated the value of BTC coins. Such a trading robot was the first bitcoin bot that caused the ups and downs of bitcoin quotes. This situation occurred in 2012–2014 when the cryptocurrency market (and all decentralized money too) was not very popular and little known.

That’s why the current development of the crypto industry has wholly blocked the possibility of using bots for such price manipulations of decentralized coins. Instead, robots are mainly used to automate trading on exchanges. Nevertheless, such an introduction of algorithms is due to advantages for speculative activities carried out through crypto bots.

The most significant benefits are

• the trader is relieved of the need to constantly monitor the state of the virtual currency market to determine the most optimal moment to open positions; a trader does not need to monitor the state of the virtual currency market constantly and constantly calculate the moments for opening positions;
• the use of crypto trading robots eliminates the influence of fear and emotional factors when a trader makes trading decisions. Most cases of loss of deposits by novice crypto traders are associated solely with the element of psychoemotional instability and disregard for the rules of their trading strategy; 
• the cryptocurrency bot can recognize graphical patterns, candlestick patterns, quotes, movement directions and trend reversal points, which often escape the attention of the trader;
• a well-tuned trading robot analyzes charts more efficiently, concludes more efficient transactions and looks for the most optimal entry points.

The noted qualities are just an example of the usefulness of automatic cryptocurrency trading. There are many more advantages to such programs.

Disadvantages of exchange cryptocurrency robots

After pointing out the positive aspects of using bots for crypto trading, you should highlight the key disadvantages of this method of earning money on digital coins.

The main disadvantages of crypto bots are as follows

• Strict adherence to the programmed algorithm. Any shifts, quick deviations, short-term fluctuations and other force majeure will give the robot signals to make trades. It can quickly nullify the deposit since the orders will give only losses;
• The work of bots is based solely on technical analysis data. They are unable to see cause and effect relationships and view the market more globally;
• Crypto bots do not have analytical thinking, emotions or a sense of fear. It is a significant minus since the loss of funds in the transaction will not stop until some signal for the robot is formed. He, under certain factors, can quickly drain the deposit without seeing the fatal development of the situation in a particular transaction. The trader soon sees the danger and minimizes losses promptly.

Conclusion and frequently asked questions

Manual trading requires excellent theoretical and practical training and a lot of time from speculators on any stock exchange. In addition, it is necessary to have specific trading skills and knowledge of assets. These difficult moments can be easily levelled using trading crypto robots on crypto exchanges for beginners. But it is essential to perform competent testing of a purchased or free algorithm for automatic crypto trading.

It should remember that the quality of any crypto bot is determined by the correlation between its effectiveness and actual cost. Anyone bot for trading cryptocurrencies on the exchange should be distinguished by stable performance.

frequently asked questions

What is a crypto bot for trading?

It is a set of software tools, and algorithms that automatically trades on a crypto exchange to maximize profits.

Why do we need such robots?

Basically, to not miss good moments for buying or selling an asset. The human factor does not hinder the bots; they do their work to the given plan.

What are the disadvantages of using such programs?

Bots are not perfect and still need control from the user. They also often require specialized knowledge and complex settings; even then, they are not guaranteed to be profitable. In addition, almost all robots are paid.

Are crypto exchanges against the use of trading bots?

No. It is not prohibited and does not interfere with the natural processes of the exchanges.

Why does a trading bot need an API key?

To trade on the stock exchange on your behalf. Trust the key only to trusted sites so as not to run into scammers.

Where can I get API keys?

API keys are created in the section Settings of the personal account of the crypto exchange. Be sure to use a new key for every new crypto bot.

How to try a crypto bot for free?

Almost all services provide this opportunity. Sometimes it’s a trial version with limited functionality, and sometimes it’s Paper Trading – virtual trading with virtual money.

? Best Trading Robots Editor’s Pick

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