Last Updated on January 5, 2022 by cryptocreed
For most cryptocurrency trading seems easy, it is not easy. It requires patience and time to perform a trade. But with crypto trading bots you can save time and make a profit.
Every type of trader does use these bots to execute trades while not having them on their devices. Crypto trading bots are profit-making machine for most who knows how to use them and at the same time, it has some cons too which we are going to learn in this article.
If someone who doesn’t want to trade using Bots can use the Arbitrage method of trading by using arbitrage bots.
Before checking the list of best crypto trading bots let’s have some common knowledge related to it.
What Is A Cryptocurrency Trading Bot?
Trading bots are platforms or software that use API of different exchanges to connect and perform automatic trades for users.
So how do crypto trading bots work?
Suppose there is one platform that supports Kucoin exchange and you want to trade on Kucoin then you simply need to start your Bot from the platform and it will trade on Kucoin exchange on behalf of you.
You don’t need to buy or sell manually what you have to do is choose the type of bot and trigger it. You can also create your own custom bots on most of the platforms.
What Is Open Source Crypto Trading Bot?
Open-source crypto trading bots are those bots whose codes are available publically most probably on GitHub. Anyone can launch or edit those codes according to their needs or requirement.
Best Crypto Trading Bots
There is a number of trading bots available on the internet but only a few of them made their name on top. In this list, you will find only the best crypto trading bots depending on their name, activeness, supported bots, security, pricing, and features.
Note: If you join & purchase any plan on any of the platforms using our link then you will get a 100% referral commission back. To claim contact us at “firstname.lastname@example.org” with your email & user ID.
BitsGap is top in this list because of its price and beginners friendly. It is a registered platform in Estonia & you can find their headquarters in Estonia.
As of now, they do support more than 20 crypto exchanges including Binance, Kucoin, Okex, FTX, Kraken, and others. Bots on Bitsgap allows you to do trading, portfolio tracking, signals, arbitrage, scalper bot.
They have a simple step-by-step tutorial from where you can learn how to start Bots on Bitsgap.
Pricing starts from $29 per month to $149 per month. Each plan adds different features and services. You get free trial funds which you can test for a month so you can get familiar with the platform. If you like the platform then you can upgrade your account.
Cryptohopper was founded in 2017 by two dutch brothers Ruud and Pim Feltkamp with the aim of providing a simple and easy way to trade crypto 24/7.
Now it has more than 530K registered users who loved the platform. It is one of the top crypto trading bots which offers copy trading, you can copy other traders’ strategies and can make a profit like urging traders do.
It allows you to do paper trading which means trading with fake money for testing or learning. This is the best way to know how do crypto trading works on Cryptohopper.
They do have 4 different plans including a free plan. The lowest plan you can purchase for $19.00 per month and the highest plan comes for $99.00 per month.
KoinKnight is not a bot service provider but it is an arbitrage opportunity providing platform. You can mix up your trading bot with Koinknight and can get benefit from it.
From Koinknight you can get instant arbitrage opportunities that you can execute using your bot without going to different exchanges.
Read KoinKnight’s review here.
3Commas (best crypto trading bot app)
3Commas was founded in 2017 and has partnered with many known platforms including Binance. Team members are publically available.
The Head office is in Estonia and also has an office in Canada. It has more than 220K registered users worldwide. Supports more than 18 exchanges including Kraken, Gate, Bitfinex, and Binance.
It has features like Trading view, Terminal, Smart Trade, DCA Bots, GRID Bot, Options Bot, Signals, and other smart tools for traders.
They have an official app that has been downloaded by more than 100K times.
If you are a newbie then you may like to try them with their free plan or you can subscribe to them for $11.60 or $19.60 per month.
CoinRule is just another best trading bot for crypto that was launched in 2017. Automated trading was made easy with Coinrule because of its pricing structure.
The website claims that it uses Military-grade security for the bot or platform. It supports more than 10 exchanges like Coinbase, Bitstamp, Okex, and others.
They are trusted? Yes, they are. You can also invest in them through Seedrs where they have already raised 540K USD till now.
They have features like Portfolio, One-click trading, Telegram & Text notifications, Ultrafast execution, Up to 50 live & demo rules, Paper trading, 150 template strategies, and much more.
You can get access for free or can upgrade with their available plans. First-paid plans will cost you $29.99 per month, $59.99 per month for the Trader plan, and $499.99 for the Pro plan.
WunderBit is one of the best crypto trading bots. It has features like Copy-Trading, TradingView, Automated Trading, Trading Terminal, DCA Bots, GRID Bot, and more. But for now, GRID Bot is
If you register using this link then you will get 7 days premium plan for free and a 50% discount on your first plan purchase. I would suggest trying their free premium plan first and then thinking about upgrading.
They have free bots too trading for more information they have created videos which you can find on create bot page.
Looking for the best free crypto trading bots? Then ZenBot is your answer.
ZenBot is an open-source free crypto trading bot for traders who want to build their bot on their own. It is a command-line cryptocurrency trading bot using Node.js and MongoDB.
It supports more than 5 exchanges including Binance, Bittrex, Gemini, Bitstamp, Poloniex, and others. As it is open-source you should check codes properly before using them.
Zenbot is a command-line cryptocurrency trading bot using Node.js and MongoDB. It features:
If you are a copy trader then you will love this one.
You can trade on Zegnaly with DCA, Take Profit Limit, Stop Loss Market, Trailing Stop, Entry Order Expiration, Time Based Autoclose, and some other features.
They have their own coin which is trading on different crypto exchanges including Pancake, MEXC, and Bitmax.
Register using the link and get $20 in ZIG after making a deposit of $100.
Trade Santa is a very well-known name among traders, it is one of the best crypto trading bots for Binance. It offers a 3-day free trial on their maximum package.
Their app sucks that are why they are at the bottom of this list overall their presence makes sense for traders. It has following features.
- Unlimited number of bots
- Unlimited number of pairs
- All strategies
- Trailing Take Profit
- TradingView signals for Binance, Coinbase Pro, Huobi and HitBTC
- Custom TradingView signals
- Binance Futures
You can join Quadency for free where you get up to 20 bots, 200 backtests per day, 24/7 live chat, and access to all exchanges. You can find all major exchanges here like Kucoin, Kraken, Binance, and others.
But in case if you want to increase the usage of the app or bot you can contact them to increase your account weight. As of now more than $1 billion worth of cryptocurrencies are managed and $3 billion of cryptos are traded.
There are many best trading bots for crypto and Quadency is one of them.
If you are a beginner and don’t know which bot is perfect for you then you can copy strategies where you can check which bot performed well and which doesn’t
Frequently Asked Questions (FAQ)
Do crypto bots actually work?
Yes, they do work and it can generate good profit for those who know how to use them.
Crypto trading bots are worth it?
In manual trading you have to transfer coins manually, finding opportunities, and in cryptocurrency trading bots you just need to connect exchange with bots and trigger it. So yes crypto trading bots are worth it.
Are crypto trading bots profitable?
Through bots you can choose arbitrage or copy trading, it generates profit if things go well. Bots do reduce the chance of loss.
How to pay taxes on crypto trading?
Taxes depend on the location you live so it will be good to contact the local CA or who involves in this. There are crypto tax firms too which can guide you on taxes.
Crypto trading with bots is possible and you should pay Taxes.
Best crypto trading bots for beginners?
All the above bots do offer informative tutorials, guides, and video guides which are good for beginners. Free trial or demo versions can help you to become a pro from a beginner.