16 Best Crypto Trading Bots for Automated Trading

crypto trading platform

This makes it imperative that they find a way to keep an eye on the market. Since traders cannot react quickly enough to take advantage of the changes in price that will help them achieve optimal trade, they need help. Rebalancing bots allows investors to build their own cryptocurrency index. Investors can pick and choose cryptos they would like to include within a diversified portfolio. At the time of writing, the Beginner tier starts at 0.005 BTC, which is equivalent to approx.

Simply connect your exchanges and generate your tax reports with the click of a button. All fees are paid in KRL token and you can lower those fees by holding KRL. They do not offer a free trial, but their pay per use model lets you try out the product a little bit at a time without committing to a subscription. Kryll is an especially good option for Binance users as their partnership can reduce your Binance trading fees by up to 20%. Kryll has a very active trading community which makes their Marketplace a competitive feature for the platform. If you think you’ve created a winning strategy, you can choose to publish your strategy in the Marketplace and earn commission from every trader that uses it.

3commas rebalancing bot half your coins for $10,000, then 25% for $11,000, and the rest for $11,500.

Best Crypto Trading Bots Compared

You may utilize the Trailing-stop and even Swing-trade functionality on the WunderTrading platform. You may also use advanced trading features such as Stop-loss and Take-profit to improve trading strategies. You may incorporate numerous trading algorithms and technical indicators into your bots thanks to the TradingView integration. Their specific built-in Terminals may also be used to develop DCA and Spread tactics.

Coinrule is one of the leading crypto trading bots on the market. It offers a wide range of features and customization options, making it a great choice for both experienced and beginner traders. RoboFi is a DeFi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market.

Coinrule does not have any tax reporting partnerships as some of the other options on this list. Many of the bots outlined in this article can be used on Futures products. Their knowledge base could feature more educational content aimed at beginners. It wasn’t only the response times that I was impressed by but also the quality of support I received. After that, you will be taken to a page that shows all the bot’s target info and a signal that will need to be entered into Tradingview. 3Commas has a great video that walks you through the simple process of how to connect the bot to Tradingview.

If you only want to try the service then lucky you, Coinrule offers a free plan for those who trade under $3,000. Then after that, you’ll have to pay $29.99 until you break the $50k mark from where you’ll start paying double the amount. However, I would recommend you start with the free plan and see whether you can turn your trading strategy into a comfortable profit. It’s simple and has loads of information, so make sure to check it out before using Shrimpy.

How much does it cost to use a bot trading platform?

As a result of its success, KuCoin now offers traders the ability to leverage a range of cryptocurrency trading bots to help automate the process. Since launching its trading bot feature in 2021, over 8 million trading bots have been created on the exchange. Traders can make good profits by trading Bitcoin or other crypto assets. The 3Commas platform is a powerful tool for managing cryptocurrency trades across many different exchanges from one simple-to-use interface. It allows traders to create or copy bots which can execute a trading strategy on your behalf at any time day or night. It also supports SmartTrades, which is an advanced trading interface with options suitable for traders with advanced needs.

Trading futures and options contracts can be an extremely confusing process, particularly for new crypto traders. 3commas Options Bots were designed to help traders navigate that complexity by automatically implementing set options strategies. The highly-visual guides and simple user interface make it much easier to take advantage of an otherwise complex trading derivative. With thousands of crypto trading bots available within the market, we will review and compare the best cryptocurrency trading bot platforms to use. In addition, explain what a crypto trading bot is, outline the different types, and describe what to look out for when choosing your own. Image via ShutterstockA common misinterpretation that I also fell for is that crypto trading bots are only for short-term trading.

3Commas offers a 3-day free trial for the Pro package, which lets you try out all of their features. They have monthly subscription plans ranging from $22, $37, and $75. There’s a 15% discount for a 6-month subscription and 25% off for a yearly subscription. If you want to access marketplace signals that is an additional subscription through their Marketplace. Pionex is one of ETH 3commas rebalancing bot the world’s first exchanges with 16 Free built-in trading bots. Users can automate their trading 24/7 without constantly checking the markets.

It also has rebalancer, dashboard, paper trading, smart covers, options bots, and Signals. It offers 3 different bots for every market condition, DCA short bots for bear markets, DCA long bits for bull markets, and Grid bots for sideways markets. It has a spot-futures arbitrage bot that can potentially help retail investors in generating new streams of income at low risk. Quadency provides hundreds of profitable backtested configurations that users can copy and edit to their needs. If you linked your Quadency account with one of their official partners, you can automatically claim a free Pro Plan upgrade for up to 6 months.

In up-trending markets, the Smart Trade bot will try to maximize profits while capping losses to the downside. The tool offers both free and paid plans, and you can pick the one based on your requirement. Once you are done backtesting your strategy using the Holderlab backtesting tool, you can put your desired rebalancing weightage, and start rebalancing your crypto portfolio. 3Commas offers $10 as a joining balance which is good enough to help you get started. Once you have seen the result of the portfolio building and rebalancing feature, you can grab any of its subscriptions.


This may make KuCoin trading bots more appealing to existing KuCoin customers. As KuCoin does not yet offer services to the US, residents will also need to look elsewhere. 3Commas is one of the highest-rated and most reputable cryptocurrency trading bot platforms around and is well worth the price for anyone who wants to go down this road.

We Humans Tend to act Irrationally in Extreme Situations Because our Emotions Take Over.On the con side of this list, there is quite a lot to talk about. To start with, signal bots are something that Guy commented on in his Coin Bureau YouTube videoon trading bots with these words “They scare the bejesus out of me”. Another excellent feature with these, that many sites offer, is the possibility of backtesting. Basically, it takes the strategy that you’ve created and applies it to historical price data.

  • It produces a report covering your stats from all exchanges you are trading on.
  • Bots can also be extremely efficient and can help to remove the emotion that frequently plagues short-term traders.
  • A crypto trading bot will almost certainly not secure a 100x moonshot on a risky meme coin, for example.
  • For these reasons, crypto trading bots and software platforms have become essential for many traders.

The reason for this is that a stop loss order with a 10% value will adjust as the Bitcoin price rises. Trailing orders are an extremely useful tool that has long been popular in the traditional stock market. However, to give you an overview of some of the most commonly used features, we have decided to describe them in more detail below. In the vast majority of cases, you will need to go to the settings page of the chosen exchanger and get an API key.

Bridges the gap by providing advanced bots to inexperienced traders. A free starter subscription to test out Coinrule's trading bot features. Bitsgap claims to implement security procedures that are ‘up to twice as secure as many internet-based banks’. These procedures include a 2048-bit standard protocol encryption of all user data, the option to enable email notifications, 2FA, and the utilization of hardware security keys.

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On the other side, 3Commas has broader exchange support with 23 exchanges in comparison to 12 exchanges that are supported on Cryptohopper. 3Commas connects with your exchange account via API keys that do not have withdrawal rights. Additionally, 3Commas does not route activity through their servers but works directly on the exchanges. Both of these facts play a major role in increasing the safety of 3Commas as hackers have no incentive to hack your account since they won’t have much benefit out of it. You can set up one bot and run it for years without needing to change anything.

Like https://www.beaxy.com/, 3Commas connects to crypto exchanges via API, which can only read and trade but not withdraw assets. Your crypto remains on exchanges, which are ultimately responsible for its custody. CryptoTrader.Tax is a great tool, which we reviewed here, automates all of your crypto tax reporting so you don’t have to spend countless hours manually working through all of your trading histories.

Just think about it, if these so-called experts truly found a strategy that works like a money-printing machine, why would they have to sell it for a few hundred bucks? Therefore, be careful when you see these bots being advertised as a guaranteed way to make money. Currently, 3Commas works with over 20 different cryptocurrency exchanges, including Binance, FTX, Coinbase, and more.

automated crypto trading

With 3comma’s free forever trial, traders can utilize 1 grid bot, 1 options bot, 1 DCA bot, 1 Active SmartTrade, and unlimited use of the native Scalper Terminal. All of 3comma’s bots can be managed from a single dashboard, which includes compatibility with TradingView. This is one of the best charting software for crypto that includes all the tools and indicators for traders.

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So you can take your cryptocurrency trading activities to the next level. If you do not intend to be limited to a fixed percentage, you can instruct the automated bot to use a scaling strategy for the protective trade. For example, you can increase the size of the protection trade when the price decreases by a certain percentage. So, after you have connected the right exchanges to 3Commas, you need to decide which trading strategy you are going to use.

Backtesting – Crypto trading bots allow users to test their strategies against historical data, allowing them to optimize their settings for optimal performance in the real world. It also provides an opportunity for traders to become familiar with how the bot operates before putting real funds at risk. Frequently asked questionsHere are some common questions around bot trading, automated crypto trading, and crypto trading bots. For example, options trading is a tricky business, but 3Commas has a simple, highly-visual user interface that helps investors program automated options strategies.

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