TOP 10 Cryptocurrency Trading Robots

The crypto industry is transforming the market for digital products, borrowing the best technological solutions for exchange trading at the end of the last millennium. For example, binary options robots have long been used by traders on stock exchanges. Similar programs appeared on crypto platforms during the rapid rise in the value of virtual assets.

Beginners-investors who do not know how to use analytical tools sit at the computer for days, trying to capitalize on the volatility of digital currencies. Such a business takes a lot of strength and nerves and does not always bring a positive result. At the same time, the trading strategy can be so simple that it can automate by writing a unique bot program for the cryptocurrency exchange. Let’s understand the functionality of the trading bot, consider the advantages and disadvantages, and display the rating of the best digital trading programs.

How does a crypto exchange bot work?

Each robot, or as it is called a bot for short, makes transactions on the cryptocurrency exchange according to a particular scenario embedded in the program. The sequence of actions of a trading bot is called a strategy; it includes a broad set of parameters that serves as a guideline for opening and closing orders.

For example, a crypto bot buys one or another cryptocurrency if it has fallen in price by 5% -10% and has stabilized at this level to sell it when the rate goes up again. A trading bot can perform operations automatically or signal the owner when a favourable situation develops on the exchange. The developer can integrate the strategy into the program or customize it by the crypto trader himself.

The simplest trading robot for cryptocurrencies has a minimum of adjustable parameters, but such an assistant will not bring you serious profit. A complex crypto exchange bot will get good income to experienced players, but not every novice trader will be able to set it up correctly. The program can either work only on a specific site or cover several services simultaneously. Such programs are called arbitrage bots.

Best TOP 10 trading bots

Pre-configured trading algorithms include indicators for performing operations in a given period (timeframe). The most straightforward program, in principle, can be written by anyone familiar with the basics of programming and crypto trading. Moreover, there is enough material on the web on this topic, but a primitive strategy is only beneficial in an uptrend, and in a bear market, at best, you will stagnate.

If you want to try a free bot or buy a professional assistant immediately, carefully study its strategy and settings. Need to know:

• Terms of Service;
• Fundamentals of strategy;
• Algorithm for changing settings;
• DCA, trailing, stop loss and short mechanism;
• Backtests and paper – trading;
• The presence of restrictions on coins, trading platforms and the deposit amount.

It should understand that it can distribute malware under the guise of trading robots – download one and be left without money.

We offer you a list of reliable crypto robots with proper use, which you can earn.   

CryptoHoper

CryptoHoper is a bot for the Binance exchange and nine other popular crypto platforms. It supports over 100 virtual assets and has a smartphone app and many built-in indicators (RSI, EMA, Parabolic Sar and others).

The client can use market making, arbitrage or create their trading strategy. A week of free use is provided.

Before you get started, you must create an account on the CryptoHoper service.

Bitsgap

Bitsgap is an automated crypto trading bot powered by the GRID algorithm. He knows how to distribute investments proportionally within a given range. The main secret to success is a high-frequency trading pace and the ability to build many buys and sell levels. For example, it can make thousands of transactions on one trading pair within a week.

Other benefits of the Bitsgap bot:

• 14 days of free use (from now on, referred to as a paid subscription from $19 per month);
• Demo version to practice trading without investing real money;
• Support for about 30 cryptocurrency exchanges;
• Effective risk diversification through high-frequency trading;
• Integration of many additional trading functions: trailing stop, exit strategies, take profit and stop loss;
• Extensive knowledge base covering all aspects of crypto bot management.

In the process of trading, Bitsgap analyzes over 10 thousand currency pairs. Built-in TradingView charts to ensure maximum relevance and accuracy of information. There is a functionality for managing an investment portfolio.

Centobot

Centobot has been on the market for three years. As a result, clients are provided with an extensive selection of indicators and trading pairs. In addition, there are both ready-made solutions for various trading styles and the ability to create your bot from a script.

The most popular robots of the Centobot service:

• Altcoins Combo – trades several altcoins to diversify risks;
• Cryptobot v 2.0 – this bot works only with the most famous and expensive crypto coins. Its program uses a whole range of trading indicators for analysis;
• Crypto Majors – trades Bitcoin, Ethereum and Ripple; analyze the situation; based on technical indicators MACD and CCI.

Apex

aBOT has developed by Arbitraging for digital currency arbitrage. The main disadvantage of this type of trading is the need to change platforms frequently.

Thanks to aBOT, the user can trade on different platforms in automatic or semi-automatic Mode directly from the interface. To gain access, the user needs to register on the service. Then, from each transaction you make, you pay a commission to the developer.

BTC Robot

It can use BTC Robot by installing it on a PC or via the web interface. Previously, the bot traded exclusively in bitcoin, but it subsequently added support for ETH and LTC coins.

After purchasing the application for Windows ($149), a two-month trial period is provided, during which the developers undertake to return the money if you refuse the program.

RevenueBOT

RevenueBOT is a cloud trading bot for Exmo, Bittrex and other exchanges.

Service benefits:

• Automated trading 24/7;
• Work simultaneously with several pairs on different exchanges;
• No prepayment – it will withhold 20% of income from your deposit, but more than $50 in bitcoin in BTC equivalent for each month of work.

Gunbot

Gunbot is an automated trading bot with a demo version and a lifetime license. It supports 35 trading strategies and over a hundred exchange pairs, works on almost all top exchanges, but is not cheap – 0.1/0.3 BTC.

HAAS bot

HAAS Bot is an easy-to-use web interface for automated trading on cryptocurrency exchanges. It works with dozens of businesses and has no limits on the number of pairs you can trade with.

Customizable panels allow you to create a customized command centre. The visual editor combined with HaasScript will enable you to quickly debug and deploy trading scripts. The cost of the annual tariff plan is 0.047 BTC. For review, customers are offered to buy a two-week license at a discount.

Margin (Leonardo bot)

Margin (Leonardo bot) – a new generation cryptocurrency bot that uses popular strategies: Ping Pong and Margin Maker. The software is provided on a paid basis, and the deposit size limits tariff plans.

Crypto trader

Crypto Trader is an algorithmic trading platform with built-in backtesting to minimize risk when testing new strategies.

Trading is conducted only through the web interface. The resource is compatible with nine exchanges, including Binance and Kraken; BTC, LTC coins and tokens are supported DAI _ Monthly payment of 0.0017/0.0206 BTC, depending on the chosen tariff.

Zenbot

Zenbot is a command-line automated cryptocurrency trading program using Node.js and MongoDB. Market-making and arbitrage modes are used. The bot supports 13 crypto platforms and can be installed on Windows, but the developers recommend Linux or macOS. The service provides 14 days for testing the program. Usage fee (0.066/0.187 BTC per year), billed monthly.

Despite the decline in the value of virtual assets, trading is going well, and many traders use crypto bots.

Shareware robots

Many paid software developers allow customers to try their products before losing money. Free trading robots and services also take interest from profits instead of prepayment.

We list those that did not make it into the TOP-10.

PHP trader

PHP Trader combines the best trading strategies and analytical tools. The free program only works with bitcoin and ether on the Coinbase exchange.

Enigma Catalyst

Enigma Catalyst is a Python-based algorithmic trading library for crypto assets.

The service allows you to quickly create and test trading strategies and supports real-time trading of crypto assets on four exchanges (Binance, Bitfinex, Bittrex and Poloniex).

Zignaly

Zignaly is a platform for everyday trading of cryptocurrencies in manual, semi-automatic (using crypto signals) or fully automatic Mode.

Clients are given a 30-day trial. Variants of strategies based on DCA are supported.

Exchange Valet

Exchange Valet is a platform for auto trading on Binance and Bittrex, with a test period of 14 days.

The program requires installation on a PC.

Signal

Signal – this service is focused on supporting novice traders. The ability to set take profit and stop loss simultaneously eliminates the need to watch charts 24/7 to be successful.

You can only trade on Binance through the web interface. The trial period is seven days from the date of registration.

Live Trader

Live Trader is a paid service with three tariff plans. It supports 140 exchange pairs on six exchanges – a test period of seven days.

There are other projects before you start using one or another trading software that interests you in cryptocurrencies, study the reputation of developers and reviews on thematic forums and social networks.

Types of bot trading strategies

Most often, bots use two strategies: arbitrage and market making (creating a market):

Arbitration

• The cryptocurrency arbitrage bot works simultaneously on several sites. Its task is to buy cheaper in one place and sell more expensive in another. Crypto exchanges do not have a single control centre; therefore, the price of the same coin can differ significantly on different sites. This strategy may include working with futures contracts;

Creation of the market

• Robots that use the market-making strategy create limited orders to buy and sell, taking profit when the exchange rate fluctuates. Thus, they increase the liquidity of this cryptocurrency on the exchange, for which a trader can be given a bonus in the form of a reduction in the trading commission. But with excessively high competition, such a strategy can bring losses. It is especially true for small traders.

The crypto bots’ creators integrate a system of insurance into their programs against sudden drawdowns and other force majeure circumstances. Services can have a Sell mode Only Mode, and then, under specific parameters, the robot will not buy coins. For example, closing stop orders with a loss or a sharp imbalance between buying and selling a particular digital asset. It also uses the freezing of a part of the deposit to avoid its complete loss during a sharp decline in the exchange rate.

Disadvantages of exchange cryptocurrency robots

An automatic trading program does not always react correctly to sudden changes in the situation, bringing the Trader to bankruptcy or leaving him without potential profit. The complete absence of emotions is not always a plus, so people should not relax. Most crypto bots are expensive and difficult for a beginner to set up.

Not all malicious programs steal the deposit immediately; some work quite correctly at first, but the money is drained after the amount has multiplied. Robots deduct part of the profit from the developer without the user’s knowledge or collect data on his digital wallets.

Conclusion

Decent trading bot developers warn customers about the potential risks of using their products.

The success of the exchange operation depends only on you, and the robot is just an assistant in information processing and decision-making. Not forget about this.

? Best Trading Robots Editor’s Pick

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