Most Powerful Crypto Trading Bots will be described in this article. Cryptocurrencies have become one of the most popular topics in the modern financial world. Institutional and retail traders are constantly finding new ways to leverage the best values of these currencies.
Due to the sheer availability of learning tools, people have been learning the ins and outs of cryptocurrency recently. However, not all traders have enough resources and time to manage their trades effectively.
Best 9 Most Powerful Crypto Trading Bots For 2024
In this article, you can know about Crypto Trading Bots here are the details below;
This is where crypto trading bots can help you. The bots are designed in a way to make the trading process much more efficient while saving a significant amount of time.
With these top crypto trading bots, you don’t need to worry about creating a solid bot trading strategy. But nowadays, it has become quite challenging for traders to choose the best one as several options are available.
This article outlines the nine best crypto trading bots in 2024. I have considered several factors and chose the most reliable bots to begin your trading with.
What are Crypto Trading Bots?
The cryptocurrency market works 24/7, and it’s highly volatile. If you manage to trade wisely, you can become very profitable. Nevertheless, the volatility factor also increases the risks of huge losses.
Crypto trading bots can help you mitigate numerous risk factors. A well-designed cryptocurrency trading bot can complete essential functions, including portfolio balance, portfolio management, data collection, smart trading routing, and many more.
However, you must take proper care of the basics before leaving the bot to complete the work. The primary objective of crypto trading bots is to automate repetitive and time-consuming tasks.
List of Best Crypto Trading Bots
While this list of the best crypto trading bots is helpful and reliable, you should not depend entirely on them.
They are meant to automate your repetitive tasks, not to replace your trading skills. At the end of the day, your own judgment and market research will help you gain profits.
1. Cryptohopper
Cryptohopper one best AI crypto trading bots. It allows easy portfolio management and automated trading strategies for numerous cryptocurrencies. Cryptohopper provides paper trading, grid trading bot, social trading, etc.
With Cryptohopper, you can manage different aspects of your trading journey and exchanges, all from one place. Cryptohopper’s expert team also provides a superb trading community, helping users automate trading process. Also check Crypto Business Ideas
- Automatic trading
- Copy trading
- Dollar cost averaging
- Algorithm intelligence
From purchasing crypto trading bots templates to subscribing to signals, you can do everything with the Cryptohopper trading tool. You can also contact other professional traders, ultimately enhancing your trading skills.
As Cryptohopper provides a free plan, I thought I should create an account. The process was simple and quick. This is the rerasing dashboard, where you will get all the information. However, there’s one thing you need to remember.
When I created an account, it asked me to connect to an exchange using my API key. As I don’t have any, I chose to go with Paper trading. As you can see, Cryptohopper gave me around $120 to get started with the platform. I could experiment with this amount to get accustomed to the bot. This money cannot be withdrawn as it’s just for a demo purpose.
Pros
- Simple UI/UX
- Great learning material
- Marketplace for new traders
- Good coin support
Cons
- Trading signals require additional cost
Cryptohopper relies on three major trading strategies. You can use the arbitrary strategy or market-making strategy as per your needs. In addition, you can also simulate your trading.
Cryptohopper provides both free and paid plans. While the paid plans are cost-effective, keep in mind that Cryptohopper doesn’t offer a free trial.
Why use Cryptohopper?
Cryptohopper allows you to automate your cryptocurrency trading strategies, freeing up your time and potentially improving your results. It also uses industry-leading security protocols.
Cryptohopper will also help you design your strategy according to your unique needs. One of the most notable advantages of this platform is that you don’t need any coding skills to trade crypto.
Cryptohopper claims that many customers receive 100% profits daily, whereas others gain significant growth in their crypto wallet.
2. 3Commas
3Commas will help you create a good crypto profile with little effort. It’s one of the most popular crypto trading bots designed for beginners.
Besides a user-friendly interface, the 3Commas crypto trading bot platform will let you create a strategy as per 20 indicators. The small trading interface is best for portfolio management and copy trading.
The dashboard of the 3Commas trading terminal will link you to the most notable crypto exchanges in the market. From there, you can set the trailing stops and gain profits.
This is the dashboard of 3Commas. I tried to create an account, and 3Commas asked me to connect my crypto wallet. I chose to go with the demo account.
Pros
- Affordable and scalable plans
- Impressive features
- Responsive support team
- Comprehensive learning materials
Cons
- Overwhelming and time-consuming onboarding process
Additionally, the algorithmic trading bots are also highly customizable. For instance, you can buy from the bull markets easily. You can also consider more composite options for higher customization.
3Commas has an active social media community and a support team to help you have a smooth experience. The Pro and Expert pricing plan comes with multi-pair DCA.
Why use 3Commas?
3Commas offers a wide range of pre-built trading bots that cater to different strategies and risk levels. This makes it easier for beginners to get started without needing to code their own bots.
It doesn’t matter how many crypto trading bots you use; as long as you know how to use them effectively, you can gain profits every time. The safety orders will also prevent you from taking huge losses.
3. TradeSanta
Introduced in 2018, TradeSanta aims to make AI trading accessible to everyone. While the dashboard of TradeSanta, a distinguishable feature of this platform, looks simple, it’s undoubtedly one of the most influential crypto trading bots. Also check How To Start A Cryptocurrency Business
TradeSanta automated crypto trading on six major exchanges, including Houbi, Binance, and HitBTC. Traders will have no problem setting up crypto trading bots within minutes.
If you’re a trader and you’re unaware of the approach you need to take, you can test the effectiveness of your strategies using virtual crypto trading bots.
Pros
- DCA and grid trading strategies
- Manual trading for multiple exchange platforms
- Virtual trading for backtesting
- Mobile app availability
Cons
- Only 3-days of free trial
- The support team is not highly responsive
Traders will also have a traditional terminal for making traders on different exchanges through a user-friendly interface. Let’s take a look at the pricing structure.
The Basic plan will give you only 49 bots and a trading terminal. On the other hand, the Maximum plan will give you unlimited trading bots, trailing take profit, custom TradeView signals, and more features for the users.
Why use TradeSanta?
The platform boasts user-friendly interface offers pre-built trading bot templates, making it suitable for both new and experienced traders.
The TradeSanta platform is constantly improving, providing new features to the users while connecting to new exchanges. Thanks to the extensive ready-to-use templates, TradeSanta can become your go-to crypto trading bot.
4. Coinrule
If you’re looking for a great place to start your crypto trading bots journey, Coinrule won’t disappoint you. Being one of the newest crypto trading bots in the market, Coinrule allows advanced algorithms to ensure crypto trading is highly accessible for everyone.
Coinrule was created with the best interests of beginners in mind, thanks to the learning materials, comprehensive tutorial, and eye-catching UI.
You can set specific conditions for your traders from Coinrule’s interface. Furthermore, no coding background is required to use this platform. The trade orders you give on the platform will be called “Rules”.
The platform also comes with a simplified Rule Base interface. Let’s take a look at the dashboard.
This is how you can create a Rule in Coinrule. If you have a crypto account such as Binance, you can connect it with Coinrule for a more effective Rule.
You can visit the Rule Page section to develop a trading strategy according to your portfolio and risk assessment. The best thing is that Coinrule will help you with the process.
Pros
- Daily free emails with insightful trading strategies
- Professional-level trading
- Fast execution
- Robust security and encryption
Cons
- Lack of technical indicators
A great thing about Coinrule is that it will give you complete access to your crypto trading bots for smart funding. From there, you can choose from 150 Rules.
If you choose the yearly plan, you will get 25% off. Additionally, if you invite your friends and they trade using Coinrule, you will get paid up to $200.
Why use Coinrule?
Coinrule is a great option for traders at all levels who are seeking user-friendly automation. It lets you build your own crypto trading strategies like Lego blocks, backtest them before risking real money, and run them 24/7.
If you don’t like the pre-built rules, you can create your own Rules whenever you want. You can also leverage the benefits of the crypto trading bots on your preferred exchanges such as Kraken, Binance, Coinbase, etc.
5. Shrimpy
Shrimpy provides a robust platform for rookies and professionals to simplify their trading process. Users can leverage the benefits of many features to help them stand out.
Shrimpy has smart routing for trades, providing you with the best rates on crypto trading bots. You don’t need to choose their direct trade pairs.
Instead, the platform will use the best rates across different exchanges. This way, you can automate your crypto trading more profitably.
A notable benefit of Shrimpy is that it supports multiple exchanges, including Coinbase, Binance, Houbi, and others. Shrimpy stated that they have plans to add other popular crypto exchanges.
Pros
- Comprehensive portfolio management
- Simple backtesting
- Cost-effective plans
- Social trading
Cons
- API has limited functionality
- No mobile application
You can also get API access to place and balance trades from their website. This process will disallow funds to be moved from exchanges. You can also use their APIs to create third-party apps.
This is the primary reason why Shrimpy has great automated training and portfolio management. With Shrimpy, you can balance your crypto coins across multiple exchanges.
As mentioned above, Shrimpy has affordable pricing plans. Let’s take a look.
Even though Shrimpy has a free plan, I couldn’t create an account as I had to connect my crypto account mandatorily. On top of that, it’s limited to 1 day only.
The Standard plan comes with the most features. But, if you need API access, you need to purchase the Plus plan.
Why use Shrimpy?
Shrimpy simplifies crypto portfolio management by automating rebalancing, letting you set asset allocations and relax while it buys, sells, and diversifies, all while offering powerful market analysis.
If you’re tired of the constant manual adjustments and monitoring required to maintain a balanced crypto portfolio, Shrimpy might be your perfect match.
Try the Best Crypto Trading Bots Today!
Crypto trading bots undoubtedly provide numerous advantages, making them popular choices in the world of cryptocurrency trading. As a result, many companies have built their own crypto trading bots to streamline the trading experience for users.
These bots are more than capable of helping beginner and professional crypto investors automate some portions of their tasks, ultimately saving time and effort.
However, keep in mind human emotions are imperative in crypto trading. Combining human touch with crypto trading bots is the best way to become an experienced crypto trader.
What do you think of these automated crypto trading bots? Are you planning on getting started with crypto trading bots? Let me know in the comment section.
