Profits from the volatile cryptocurrency market are all about timing, technical analysis, and having access to sound trading strategies. New crypto traders face steeper learning curves and a greater risk of losing capital. Hundreds of assets are available, and markets are open 24 hours daily.
Many traders now rely on crypto trading platforms and bots to trade. Software that automates trades for you allows you to trade at any time of day. Many crypto trading bots also have features that allow you to refine and develop your trading strategies. You are likely Trading against bots in the volatile crypto market.
This guide will comprehensively summarise the best crypto trading bots and their unique advantages. But first, we’ll give you a high-level overview to help you understand the most important features when analyzing different crypto trading tools and platforms.
What Is A Trading Bot, And Why Do You Need One?
Automated trading systems are based on rules determining when to buy and sell. Since the 1980s, bots have been used to diversify portfolios and curate index funds in the stock market. These bots can automate the tasks that investors used to do, which is a huge time saver in the fast-paced crypto market.
There are also technical trading bots, which predict price movements and execute trades using signals and indicators. Crypto traders use these bots to win the race against the market using a winning strategy.
What Features Should You Look For In Crypto Trading Tools And Bots?
The trading bots on this list have all been reviewed well in different crypto trading forums and websites. However, nothing beats the experience of trying the product out for yourself. Most tools and platforms featured on this list offer free trials, but make sure you double-check.
You may also want to be able to follow other traders or other strategies that are compatible with your product. Profitable trade strategies can be easily and economically accessed through a good marketplace within your trading tool.
Backtesting lets you compare historical data against your trading strategies to see how they would perform under actual market conditions. You want backtesting tools that produce realistic simulations. This means you need to account for slippage and latency. The accuracy of a backtesting tool can only be as reliable as the historical data it draws from. A strong community of traders will be able to share their backtesting setups via community forums.
Portfolio automation is a feature that many trading platforms offer. It’s worth looking into how these tools create their indices. It’s impossible to keep a complete crypto market index, unlike with securities and stocks. A good trading bot should provide educational content about which coins were sampled and how the market caps are weighted.
Cloud-based vs Server-based
Cloud-based crypto bots are becoming more popular. If convenience is important to you, it is worth paying attention to. To ensure you do not miss trades, a trading platform that isn’t cloud-based will require you to maintain your computer and server at all times. Although it requires some technical knowledge to run trading software from your server, it is more flexible and often performs better. This list contains some excellent open-source programs if this is something you are interested in.
The community surrounding a product is often just as crucial regarding Trading as the product itself. The technology is not the only thing you pay for, but the guide that will help make it work best. It’s worth looking into the trading community to get the best out of your trading software. Some trading tools have significantly invested in community development, while others are better suited to lone traders. You can see how active trading communities on Telegram and Reddit are. You should also consider the language and country of the trading community, as crypto regulations vary from one place to the next.
Support & Tutorials
Take a look at the educational content on the website as you decide which trading tools you want to invest in. Many of these platforms have created training modules, blogs, and videos to help their users reach the growing crypto trading market. Consider the support available for those times when things go wrong. You can have bugs or updates quickly addressed via phone or chat. Otherwise, you could waste precious time waiting for an email response.
Crypto tax Software Integrations
When trading with automated tools and crypto bots, it can be easy for traders to accumulate a lot of trades. It can be challenging to report your crypto gains or losses on your taxes if you don’t have the right software. Finding the right crypto tax software company that works with your chosen trading platform is essential. CoinLedger is the most popular crypto tax software and is compatible with many of the top crypto trading terminals, bots, and tools listed here. Good crypto tax software will make tax reporting easy and stress-free.
Here Are The Best Crypto Trading Bots
The most popular trading bot on the market, CryptoHopper, offers many features that beginners should look for, including paper trading, backtesting and trailing stop-loss. It also has a strategy design tool that allows you to create your trading strategy using over 130 indicators. You can also access the tutorial section and purchase expert traders’ best templates and strategies. They make it easy for you to subscribe to multiple signalers from their signaler dashboard. CryptoHopper, which is cloud-based, supports up to 12 exchanges and constantly adds more. CryptoHopper offers advanced traders a marketplace of paid and free signals that you can use with technical indicators to create your strategy.
The Pioneer package is free and allows manual Trading, portfolio management, and Trading. However, to get a feel for the trading bot, you should take their Explorer package’s 7-day free trial. There are three options for monthly subscriptions, ranging in price from $19 to $99.
Binance, Binance.us, Bitfinex, Bittrex, Coinbase Pro, Bitvavo, HitBTC, Huobi, Kraken, KuCoin, OKEx, Poloniex
Bitsgap is a brand new bot that allows automated Trading using pre-built algorithms. These algorithms enable users to profit from fluctuating market movements and can even be used to make money on every trade. Bitsgap signals alert users to coins with high potential for long-term or short-term profit.
Bitsgap also provides a trading terminal that allows users to trade directly from the app. Bitsgap is available.
To get started, the company offers a 14-day free trial. After the 14-day free trial, the company offers a tiered plan that ranges from $19 to $110 per month.
Binance, Bitfinex, OKEX, Huobi, HitBTC, Bittrex, Kucoin, Exmo, Kraken, CEX.IO, Livecoin, Poloniex, Bitstamp, Coinbene, Coinex, Gemini, Gate.io, Liquid, Yobit, Bibox, Bit-Z, DDEX, BigOne, Bithump
HaasOnline is an automated trading platform for advanced traders with a proven track record since 2014. Although they started with a server-based platform, they recently added a cloud-based option.
Haasonline offers a powerful backtesting engine that draws on up to 56 weeks worth of historical data. The Flash crash bot is one of the best features. It allows you to create spread orders on any market you wish. The platform supports 22 exchanges. Margin traders will love the variety of futures trading platforms. Although it’s an excellent tool for advanced traders, the Visual Editor makes it easy to create trade strategies without coding.
Haasonline has three packages available for a one-time payment.047 BTC to Beginner.083 BTC to Simple and.135 BTC to Advanced. Although they do not offer a free trial, you can get a premium plan for 2 weeks at an additional discount.
Binance, Bilance Futures, Binance.us, Bitfinex, BitMEX, Bitpanda Pro, Bitstamp, Bittrex, Cex.io, Coinbase Pro, Deribit, Gemini, HitBTC, Huobi Global, Ionomy, Kraken, Kraken Futures, KuCoin, OkCoin, OKEx, OKEx Futures, Poloniex
3Commas is an innovative platform for automated Trading. It uses Dollar Cost Averaging for trade decisions. This platform stands out, especially for its trailing stop tool. You can profit from a sudden price rise because your trailing stop will keep your position open as long as the price goes up. Your position will be automatically closed when the price changes. 3Commas also offers currency support in multiple currencies.
3Commas, a cloud-based platform that supports up to 20 exchanges, is available. To test their strategies, beginners can use the paper trading feature. Advanced traders will benefit from SmartTrading, which allows them to trade from multiple pairs and exchanges from their simplified interface.
3Commas also has partnered with CoinLedger to provide automated tax reporting for their users.
3Commas offers a free 3-day trial of the Pro package. This allows you to test out all their features. Monthly subscriptions are available starting at $22, $37, and $75. A 6-month subscription is 15% off, while a yearly subscription is 25% off. You can also access the Marketplace to get additional subscriptions.
Binance, Binance DEX. Bilance Futures. Binance.us. BitMEX. Bitfinex. Bitstamp. Bittrex. Bybit.us. BitMEX. Bitfinex. Bitstamp. Bittrex. Bybit.us. BitMEX.bitstamp. Bittrex. Bybit.us. BitMEX. Bitfinex. Bitstamp. Bittrex bybit.us. BitMEX. Bitfinex. Bitstamp.iex.io.io.io.io.io.io.
Shrimpy is a portfolio-management platform that offers tools for automated Trading. Shrimpy is well-known for its auto-rebalancing tool. However, Shrimpy recently launched its terminal that allows Trading on multiple exchanges. You can trade directly from Shrimpy’s interface rather than having to visit an exchange. Another platform that stands out is the streamlined interface and extensive tutorial section. You can use their many features, including portfolio rebalancing, backtesting, and Social Trading.
Shrimpy offers community and social trading capabilities. To learn more about the success of other users using Shrimpy, you can connect to the community via Reddit, Telegram or Discord.
To make tax reporting simple for its users, Shrimpy also has partnered with CoinLedger. You can rest easy knowing that you can automate your tax reporting with the CryptoTrader.Tax partnership.
It is easy to get started with your automated portfolio. Shrimpy charges $13-$19 per month for advanced features. They offer enterprise pricing for businesses and crypto-firms looking to trade with their software.
Bibox, Binance, Binance.us, Bitfinex, BitMart, Bitstamp, Bittrex, Bittrex Global, Coinbase Pro, HitBTC, Huobi Global, Kraken, KuCoin, OKEx, Poloniex
Coinigy is one of the most popular cryptocurrency terminals. Like a few others, Coinigy allows you to connect directly with your preferred exchanges and trade across all platforms from the Coinigy UI.
Coinigy, a cloud-based platform, allows users to trade using mobile devices via iOS and Android apps. Coinigy offers over 75 technical indicators and third-party integrations to ensure you never miss an opportunity to trade.
Coinigy boasts thousands of users who leverage its trading tools daily, so you can rest assured that you are in good hands.
Coinigy has also partnered with CoinLedger to provide easy tax reporting for all users who trade on the platform. Coinigy users can import trades into CoinLedger, and the software will create required tax forms based on historical trade data.
Monthly subscriptions range from free (for getting started) up to $18.66 and up to $99. Higher tiers have access to more features and tools.
Binance, Bitfinex, Bitstamp, Bittrex, CEX.IO, Coinbase Pro, Huobi Pro, Kraken, Kucoin, Poloniex
Signal offers a free trial of their paper trading option. This platform has evolved from a leading provider of crypto signals to a fully-fledged trading platform that offers a suite of tools and services for traders.
Signal allows copy trading and trading bots. It also offers an entire cryptocurrency terminal. It’s cloud-based software. The team is determined to make the process as simple and low-cost as possible.
Signal’s signal integrations are one of its best features. To trade on signals automatically, you can pull signals from your favourite signal provider.
Signal, another trading platform, has partnered with CoinLedger to provide automated tax reporting for their users.
FREE. Because Signal has partnered with several cryptocurrency exchanges, Zignaly is free to use. This partnership with various cryptocurrency exchanges gives Zignaly a significant advantage over other products. It makes it easy to give the platform a go!
KuCoin, Binance and More Coming Soon…
Kryll is the best in the market for creating your trading strategies. The strategy editor is intuitive and drag-and-drop, allowing you to create a trading strategy visually. The demo mode allows you to test your strategy before you purchase it.
Kryll’s Marketplace is competitive because of its active trading community. You can publish your winning strategy on the Marketplace to earn commissions from each trader who uses it. A Marketplace strategy can be rented for beginners traders.
Kryll’s pricing model relies on transaction fees per trade. All fees are charged in KRL tokens. You can reduce these fees by holding KRL. Although they do not offer a free trial or a pay-per-use option, you can try the product out for a few days before you commit to a subscription. Kryll is an excellent option for Binance users, as they can help reduce your Binance trading fees by up to 20%.
Binance, Binance.us, Bitstamp, Bittrex, HitBTC, Kraken, KuCoin, Liquid
A free trial of Coinrule is a great way to get started with bot trading. Coinrule, a trading bot based in the UK, is one of the newest on the market. Their focus is to make trade strategy design as easy as possible. This platform is easy to use and has a beautiful UI. Trade orders are called Rules in Coinrule’s spirit. These strategies can be developed within the Rule Page section by using IFFTT logic. This allows you to set Conditions and Actions without any coding knowledge.
Coinrule doesn’t have tax reporting partnerships like some of the other options.
Coinrule offers a free trial which allows you to try the product with one exchange and up to 2 rules. They offer 3 subscription options for either a monthly or annual fee. Here are their monthly rates. The Hobbyist package costs $29, the Trader package costs $59, and the Pro account costs $449.
Bitpanda Pro, Bitstamp, Bittrex, Coinbase Pro, HitBTC, Kraken, Liquid, Poloniex, OKEx
TradingSanta offers a free basic plan and a 5-day trial. The basic plan allows you to trade with up 2 bots, and the free plan allows you to trade with up 49 bots.
TradeSanta is an excellent website for automating Trading. You can find great tutorials on their website and offer 24/7 support. Their Long and Short templates allow you to build your strategy or create your own. They support six exchanges, with BitMEX support coming soon.
There are four pricing options available based on monthly subscriptions. These include free, $20/month and $100/month. As part of a unique partnership, they have another plan. HitBTC is $30 per month with 0% trading fees. Each plan comes with unlimited trading pairs and exchanges. You will have more access to the bots in higher-priced plans.
Binance, Bitttrex and Bitfinex, HitBTC. HitBTC. Huobi.
Hold both a cloud-based trading robot for portfolio creation, indexing, and rebalancing. HodlBot is an excellent option for investors who want to automate tasks you’d do anyway. Their most distinctive feature is their crypto market indexes, which include the top 20 coins according to square root market capital. A well-researched index is essential to ensure that you have the best assets in your portfolio. This is what HodlBot provides.
HodlBot is free to try. After that, pricing will be based on your portfolio value. Accounts below $500 cost $3 per month. A subscription costs $6 per month for accounts between $500 and $100. $1000 or more is $14/month
Binance, Kraken, Kucoin
4C Trading offers subscriptions for several cryptocurrency trading tools. Although their approach differs from other platforms, you must start with the Trade Room package before adding-on signals and bots. However, they are committed to building a community of educated users. The Trade Room offers a beginner’s training module, a weekly market diamond report, custom-built Trend Follower indicators, and three TradingRoom indicators. The Trade Room monthly subscription costs $99 or $900 per year.
You can subscribe to signals and bots with a Trade Room subscription. For new Binance traders, the Telegram-integrated Smart USD Trading Bot offers fully automated Trading on the BTC/USDT currency pair. This bot was created for newbies who wish to increase their portfolio steadily. This comparison chart shows that they focus on serving HOLDERS, who would otherwise keep their BTC in a cold pocket.
A subscription to Copy Trade signals for Bitmex and Binance is another excellent tool for traders. A Telegram subscription will allow you to receive approximately 20-30 signals. You also have the option of automating copy trading via API. 4C Dashboard allows users to view the results and performance of their signals. This is useful for those who wish to conduct their research.
Monthly subscriptions to the Trade Room cost $99, or $900 per year. Smart Bot can be added for $199 per month or $1788 for the year. Trading signals costs $75 per month or $900 annually.
ProfitTrailer is a server-based technical trade bot that executes more than 16 strategies. There are three options: bull market, bear market, or neutral market strategies. The interface is simple and intuitive, making it easy to access key features like Dollar Cost Averaging. This allows you to dispose of low-performing assets. ProfitTrailer is an excellent option for advanced traders. However, you can switch between the primary and advanced strategy editors while creating your trade strategies.
Their live demo allows you to test the product before buying. They also offer a paper trading option and a free demo. Two free versions are available in partnership with Binance or Bybit. The paid versions are available for $30 per month or two-lifetime packages starting at $799 and $999, respectively.
Poloniex and Bittrex, Binance. BinanceUS. Binance Futures. Binance Jersey. Binance DEX. Kucoin. Huobi. BitMEX. Bybit.
Zenbot is an open-source bot that is free and completely free. It is a better choice than Gekko Bot because it provides higher frequency trading support. Zenbot is a command-line cryptocurrency trading bot that uses Node.js or MongoDB.
The bot features a fully automated technical-analysis-based trading approach. The built-in simulator can be used to backtest strategies against historical data.
Zenbot is an excellent tool for developers exploring automated crypto trading strategies.
Free and open-source
Binance, Bitfinex and Bitstamp, Bittrex. CEX.IO, GDAX Gemini, HitBTC Kraken, Poloniex. TheRockTrading
Gunbot is an advanced trading bot that can be customized to your needs. This bot is not cloud-based; you will need to create your server. If you are concerned about privacy, this is a good option. Gunbot is well-known for its active trading community, where thousands of traders help to fix bugs and improve product performance. It’s not surprising that Gunbot supports over 100+ exchanges. You can use their pre-made strategies if you’re a beginner. You can also create your strategies.
You should feel confident setting up the bot. Experience and familiarity with programming and installing your programs are essential.
Gunbot can be purchased for a one-time fee that includes unlimited support and updates. Download prices vary from 0.02 BTC up to 0.125 BTC.
Are Crypto Bot Earnings subject to tax?
Although tax laws are different around the globe, profits from trading stocks or cryptocurrencies are often treated as capital gains. This means you will pay a different rate depending on your tax bracket in the USA. Rates vary between 10% and 37%, so ensure you have a reserve of some of your profits.
You should note that Trading or selling cryptocurrency is a taxable activity, so you will need to report all trades on your taxes. For this purpose, we recommend cryptocurrency tax software. It’s also a good idea to hire a CPA.
It is essential to look for the best cryptocurrency trading bot. A bot that allows you to backtest automated trading strategies and is affordable will be the best choice. What about a bot that allows you to trade on mobile devices?
HaasOnline comes with its programming language, making it ideal for customizing crypto trading bots.