by Looking for the best Crypto trading bots for trading?
| 3commas | Pionex | Cryptohopper | Bitsgap | |
| Crypto signals: | Yes | No | Yes | No |
| Paper trading | Yes | No | Yes | Yes |
| Social/Copy trading | Yes | Yes | Yes | No |
| Trailing Take profit | Yes | Yes | Yes | Yes |
| Arbitrage bot | No | Yes | Yes | No |
| Cloud based | Yes | Yes | Yes | Yes |
| Mobile app | Yes | Yes | Yes | No |
| Portfolio rebalancing | Yes | Yes | – | No |
| Supported exchanges | High | Not needed | High | 15+ |
| Beginner-friendly (BF) or Complex (C) | BF | BF | BF | BF |
| Backtesting | No | No | Yes | Yes |
| Free Trial | Get 3-day trial | Free plan available | Get 7-day free trial | Get 7-day free trial |
The beauty of the crypto trading world is that it operates 24*7. And, it offers various trading bots which will let you automate your existing trading strategies or copy strategies of professional traders to help you make money while you sleep.
But the question is: How do you pick the best bot from many crypto trading bots?
This is what I would like to answer today with the help of this guide on automated crypto trading bots for beginners and elite crypto traders.
Crypto trading bots are the answer to all the busy and futuristic individuals who understand how bots could help them in trading.
Before we dive deep into some of the best crypto trading bots, let us understand the basics:
Page Contents
- What are Crypto trading bots?
- 8 Best Crypto Trading Bots for Automated Trading:
- 1. Crypto exchange bots – Best for newbie traders
- 2. 3Commas – Best Professional Crypto Trading Bot
- 3. Cryptohopper – Best bot for technical day trader
- 4. Bitsgap – Best for all Skills Level
- 5. Cornix – Signals based automated Crypto Trading
- 6. Pionex – Best for high volume traders
- 7. Haasonline
- 8. Quadency
- Conclusion: Which is the best Crypto trading bot?
What are Crypto trading bots?
Crypto trading bots are software/platforms that will let you design and run your predefined trading strategies. These platforms come in different types and are ideal for beginner traders and also for experienced traders.
Using automated trading bots, you can automate the repetitive steps, and combined with machine learning and execution speed; it could avoid emotional mistakes that we often make as a human. At the same time, these automated strategies could run 24*7.
Most of these trading bots offer prebuilt strategies like dollar cost averaging bots, grid trading bots, spot futures arbitrage bots, and so on. At the same time, you have the flexibility to create a customizable crypto trading bot, backtest your existing trading algorithm, and automate it if it seems profitable.
The configuration of your trading strategies could be very complex, which may not be very easy to execute when you are doing it manually.
I don’t want to overload you with the access info right now, but I want you to know that “Whatever you could imagine in trading can be done with the help of these trading bots.”
Also, nowadays, there are AI trading bots that could be highly profitable if done right. The beauty of these AI trading bots is that they can adapt to various market conditions, which may not be possible with manual strategies.
The software works tirelessly every second to make a profit from crypto market volatility. Panic selling and greed buying are just some of the ways that turn your profitable trade into a loss. These trading bots are designed to be emotionless, which, in turn, removes biases and emotional risks associated with personal trading.
Depending upon the crypto trading bots and trading strategies you use, you could make money in bull and bear markets alike.
If done right, one can automate the process of making money from crypto trading using Crypto bots.
And this is not all.
Crypto trading bots connect with your crypto exchange like Binance, and Bybit via API, and they perform trading based on pre-defined strategies.
Concerned about funds security?
These crypto trading bots are secure as they don’t have permission to withdraw funds. Since the API feature is available via exchange (This is easy to configure), and by default, they don’t allow fund withdrawals.
Moreover, all the bots that are listed below are time-tested and have an excellent track record.
An experienced trader can easily quadruplet their earnings using a bot. At the same time, a beginner could level up the trading game by using these bots.
But do remember
All of these Crypto trading bot tools offer free training modules, make sure you spend 1-2 hours learning the features and how to use them properly. When in doubt, join their community on Telegram or Discord and clear your doubts before you start trading with a big amount.
In future tutorials, I will also show you how to build your first bot for passive income.
Are crypto trading bots profitable?
The short answer is yes and no!
If you are impatient and think it will always make money, these trading bots are not for you.
However,
If you have the zeal to learn trading and the patience to build and test profitable trading strategies, these bots could do wonders for your financial growth.
Crypto trading bots help you automate most of the boring manual and repetitive tasks related to trading. However, at the same time, they also contain inherent risks associated with any trading.
The key to making cryptocurrency trading bots profitable depends upon your mindset and trading strategies.
If you are coming from fiat/forex or commodity trading, you need to understand the crypto market is way more volatile than the usual market.
If this is the first time you are planning to trade on crypto using a bot, it would be better to do paper bot trading (I have listed the software below) or test strategy using the backtesting tool before making a live trade.
If this is the first time you plan to trade crypto using a bot, doing paper bot trading (I have listed the software below) or test strategies using the backtesting tool before making a live trade would be better.
If you are an experienced trader, then start by putting a small amount in your live cryptocurrency trading account before deploying your entire trading capital.
Note: The basic trading risk-management like risk: reward, stop loss and position sizing is something you should keep in mind even when using bot trading.
Note: In crypto-trading, invest only that amount you are ok to lose and always use stop loss to minimize the risk.
Crypto Trading Bot Features :
You may or may not need all the features listed below. However, depending on your stage of trading, these are some of the common features a lot of trading bot apps offer.
- Paid and free trading bot.
- Crypto trading signals: Buy/sell signals .
- Let you execute complex trading strategies.
- Spot and futures trading
- Connects with multiple crypto exchanges
- Paper trading to test your trading strategy
- Copy-trading strategy of others – Social trading
- Trailing stop loss.
- Arbitrage bot.
- Mobile app.
- Portfolio rebalancing bot.
- Integration: Tradingview
These are just some of the useful features of a crypto-trading bot.
And now, it’s time to find some of the top bots for crypto trading.
8 Best Crypto Trading Bots for Automated Trading:
1. Crypto exchange bots – Best for newbie traders
In the recent times, many popular crypto exchanges have started adding automated trading bots within the exchange itself. Some of the most common types of trading bots which are available on crypto exchanges are:
- Grid trading bots (Spot and futures)
- DCA Bots
- Rebalancing bot
- Auto Invest bot
- Futures TWAP
For a beginner trader, these bots are better to use as you don’t have to pay extra for a 3rd party bot, and you do not need to create an API key, which could be a security risk if not done right.
Moreover, most of these exchanges allow copy-trading, which is very interesting for beginner crypto traders, as they can find top traders offering their automated trading strategies for almost free.
The three most popular exchanges offering such automated bots are:
- Binance trading bots
- Bybit trading bots
- Phemex trading bots
Here are free automated bots offered by Binance, the #1 crypto exchange at this moment.
Here are the automated bots offered by Bybit exchange:
If you wish to dive deep into individual strategies, here are a few tutorials for you to get started:
2. 3Commas – Best Professional Crypto Trading Bot
3Commas is an idle crypto trading bot for hobbyists, enthusiasts, and professional crypto traders. It supports all notable popular cryptocurrency exchanges, and you can trade in altcoin pairs.
Another feature that makes 3commas widely popular among beginners is its paper trading feature. With paper trading, you could test your strategy before you put the real money into trading.
3commas offers a Smart trading terminal to trade on multiple exchanges (including your clients, family, or friends’ accounts) and enjoy the trailing take profit (TTP) feature.
Many pre-configured bots are available on 3commas. You can also create your bot. If you have never used a trading bot before, you could use 3Commas to get the hang of bot trading.
Popular features of 3Commas trading bot are:
- Paper trading
- Portfolio rebalancing
- Margin trading
- Portfolio management
- Trader diary
- Crypto signals bots to buy/sell (Marketplace feature)
- Mobile app
- Sell all your portfolio in USDT or BTC with a single click
The power of 3Commas is in its simple to use interface. You can learn more about 3commas in our earlier post:
- Read 3Commas review
Pricing:
They also offer 3 days free trial account which gives you access to all of their pro plan features.
3. Cryptohopper – Best bot for technical day trader
Cryptohopper is the most popular cryptocurrency trading bot in the market. The company is registered in Amsterdam and has been continuously adding new trends and features since late 2017.
The interface is beginner-friendly, and you can follow some of the popular indicators like moving average, Bollinger bands to automate trading on all popular exchanges.
The Cryptohopper lets you trade unlimited cryptocurrency pairs in autonomous mode. Cryptohopper also offers a marketplace where many pro traders sell their strategies, and you can copy them to make money.
Another highlight of the Cryptohopper is the Arbitrage bot, which lets you make a profit from the price difference of the same pair between two exchanges.
Cryptohopper has taken Arbitrage to the next level by offering sophisticated triangular Arbitrage, which helps you make money from the price difference between multiple pairs on the same exchange.
Read: Cryptohopper review
The Cryptohopper mobile app lets you monitor your trade and portfolio. If you are connecting your existing exchange account with Cryptohopper, you can set the start amount to calculate the profit accurately. This removes the point of setting up a new exchange account for your bot trading.
At the time of writing, Cryptohopper supports the following exchanges:
Popular features of Cryptohopper:
- Paper trading
- Trailing stop loss
- Arbitrage trading
- Marketplace for Templates, strategies, and signals
- Cloud-based app
- Mobile app to monitor your trade and portfolio
- Drag and drop strategy designer
- Strategy backtesting with historical data
- 120+ indicators & candle patterns
- Wallet scrubber
Cryptohopper Pricing and fees:
Cryoptohopper offers three plans, and the base plan starts at only $19/month. The monthly subscription ensures you are not locked in for a long time, and you can upgrade/downgrade or cancel your subscription anytime.
The seven days of free trial gives you ample time to enjoy all the premium features of Cryptohopper before you start paying.
Paypal, bank transfer, and crypto payments are supported to buy Cryptohopper subscription.
Use coupon “NEWSDISC” to get 30% discount.
4. Bitsgap – Best for all Skills Level
Bitsgap is a cloud-based tool that offers various crypto automation bots to help you make money while you sleep. The platform has been around for the last 3 years, and they are constantly adding new features, and making automated trading enjoyable.
At the time of writing this resource, here are some of the top features of Bitsgap:
- Grid bot strategy
- DCA bot strategy
- Trading Terminal
- Smart orders
Bitsgap connects with your crypto exchange account using the API method, and your funds stay on your exchange only. I do miss seeing a dedicated Bitsgap mobile app which is something all the competition of Bitsgap offers, but overall Bitsgap is a crypto trading bot that you should not ignore. Read a detailed review of Bitsgap here.
Bitsgap pricing:
From the pricing perspective, Bitsgap is costlier than 3Commas, and may not be the best for beginners. However, often users find Bitsgap UI to be simpler than 3Commas and other alternatives, and that justifies the price.
5. Cornix – Signals based automated Crypto Trading
When it comes to an affordable Crypto trading bot, Cornix wins the hands down. It may not be as popular as 3Commas, Bitsgap and others, but the kind of features it offers, it may make other feels shy.
Here are features of Cornix –
- Auto-Trading
- DCA bots
- Tradingview bots
- Trailing Orders
- Telegram group signal integration
- Copy trades
- Discover Profitable Telegram signal groups
There are more features of Cornix, but the above features are good enough for you to try and test it out.
One of the least talked-about, and in my opinion, remarkable features of Cornix, is that it allows you to automate trading from the Telegram signal group. This way, you can automate your entire Telegram signal group trading experience. I will discuss this in detail in the upcoming review of Cornix, but for now, I’ll let you try this on your own.
6. Pionex – Best for high volume traders
Pionex was started as a platform that offers multiple trading bots, and it used to source liquidity from top cryptocurrency exchanges like Binance, HTX to name a few.
As Pionex became popular among cryptocurrency traders who are looking a robust platform, it slowly graduated from being a trading bot platform to a full-fledge crypto exchange with multiple automated trading strategies bot.
Some of the most popular automated bot trading strategies offered by Pionex are:
- Rebalancing bot
- Arbitrage bot
- Leveraged grid bot
- Leveraged reverse grid bot
- DCA bot
There are 16+ bots available on Pionex, and depending on your risk profile, you could pick from moderate to aggressive trading bot.
The interface of Pionex is pretty intuitive and you can use their mobile app or desktop site to access the platform. My recommendation is to try both, as the number of options on Pionex is quite huge, and once you explore all the available automated bot strategies, you will be amazed with the possibilities of automated trading in the cryptocurrency world.
For example, here is profit from Arbitrage bot which is a low risk bot
You can read my detailed review of Pionex here.
7. Haasonline
Hassonline is one popular crypto trading bots that work with almost 22 exchanges. However, its superpower is a variety of bots like Flash crash bots, Arbitrage bots, which helps you make money in every situation.
This is a desktop-based bot that gets easier to use once you are done watching their free bots training videos. The downloadable software is available for Windows, Linux and Mac as well.
Every bot serves a unique purpose, and for example, rather than selling your bags on loss, you could use Flash crash bot to profit from the high movement.
Watch this video to understand how Flash crash bots work:
A few of the many bots offered by HaasOnline:
- Trend line bots
- Advanced index bots
- Trade bots
- Flash crash bot
Here are Haasonline supported platforms and exchanges:
Haasonline Fees and plans:
HaasOnline accepts payment via Bitcoin only. You could save a significant amount by pre-paying for one year in advance.
They have three plans at the time of writing this guide, and you could choose any based on your requirements. You can always upgrade your subscription anytime by contacting the support.
Haasonline doesn’t offer a free trial, but they do have a 2-week discounted trial.
Use 20% Haasonline discount Coupon code: Coinsutra20.
8. Quadency
Quadency is primarily a trading terminal that let you trade on multiple exchanges from a unified platform. This feature is something common among all crypto trading bots, as it makes trading easy for us when we are dealing with multiple exchanges.
What makes Quadency different than all other bots listed here is the pre-defined automated trading strategies and backtesting feature.
At the time of writing, following bots are available on Quadency platform:
- Grid trader for grid trading
- Smart order
- Market maker plus
- Bollinger bands
- MACD bot
- Mean reversion bot
- Accumulator (DCA)
They offer a free plan which is idle for beginners or passive investors of digital assets. The pro plan starts at $49, and allows monthly trading limit of $100,000 USD.
All the bots are available in the free plan, and you can always upgrade to pro plan for advanced features.
Conclusion: Which is the best Crypto trading bot?
3Commas is the best beginner-friendly crypto trading automated bot that you can use. Cryptohopper is the best crypto trading bot that offers all the basic and advanced features that a trader would need. The features like backtesting, and social trading make it ideal for hobbyist and pro traders alike.
However, since each of these trading bots has a unique interface and offers distinct features, you should try all of them. You never know which one fits the best with your trading style.
As I discover more worthy Crypto bots, I will keep updating this to make the best resource for finding top crypto bots for trading. Make sure, you bookmark this page so that you could re-visit again. If you would like to recommend any other bot, do let us know in the comment section below.
Here are a few frequently asked questions about crypto trading bots:
Which are the best Arbitrage Crypto bots:
Pionex and Cryptohopper are two best crypto arbitrage bots that you can use for arbitrage trading.
Should you use multiple crypto trading bots?
It is highly recommended that you use one bot at a time. It is best to master one bot rather than using multiple bots. However, if you want to use two different crypto trading bots, you should connect them with different exchange accounts or use the sub-account feature of an exchange. This way, you can calculate profit, and your trade reserve amount will not overlap.
Do you need to keep your Computer on 24*7
Since most of these bots are on Cloud, you don’t need to keep your computer on or stay connected to the internet all the time.
Do trading bots really work? Specifically in the crypto space
A crypto bot is as smart as you are, and they automate a lot of repetitive tasks. Once you have a strategy in place, you can use trading bots to run 24*7. A good example of this is grid trading bots, which work great in the sideways market.
Do I need to constantly monitor my bot?
There is no one answer to it, as It all depends on the strategy that you have deployed.
Some trading bot strategies require you to monitor bot once in a week, and some of them may require you to keep an eye on price moment, and make changes as necessary.
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About Harsh Agrawal :
An award-winning blogger with a track record of 15+ years. He has a background in both finance and technology and holds bachelors degree in Information technology and engineering.
An international speaker and author who believes in the future of blockchain and the applications of the crypto world.
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Expertise:
Harsh has 15+ years of experience in Fintech and 7+ years in Blockchain and Bitcoin. He has also moderated the panel of Blockchain experts and attended international blockchain events like BTCMiami, Mainnet Messari, and Token2049.
