The Best Crypto Trading Bots: Reviews, Features, and Performance Comparison

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Were you looking for the best crypto trading bot? You just found the perfect guide.

We have used numerous automated crypto trading bots and done hours of research to develop our top picks. Advanced trading bots can boost trading profits and save time by automating complex strategies and reducing emotional trading errors. Here, you will find the best pre-configured trading bots for different levels of users and learn which auto traders are the easiest to use and which pre-configured trading bots offer you trading efficiency?

We will focus on the most popular crypto trading bots on the market. You can use them with various crypto trading platforms and the best crypto signal groups. The SmartOptions team has personally used almost all of these cryptocurrency trading bots extensively. This means we can give you solid feedback on the pros & cons of each.

The 8 Best Crypto Trading Bots

  • Bitsgap: Best Crypto Trading Bot Overall
  • 3Commas: Best for Crypto Signals
  • Cryptohopper: Best for Beginner & Advance Traders
  • Pionex: Best Built-in Trading Platform
  • Shrimpy: Best for automatic copy trading 
  • Cornix: Best Automated Telegram-based Crypto Signals Bot
  • Zigdao: Best for Building Bots from Scratch
  • HaasBot: Best for Institutional and Leverage Bot Trading

Ranking Methodology for the Best Crypto Trading Bots

We have considered several factors to create our list of the best crypto trading bots. Our ranking methodology includes:

  • Trading bot features: These are the key metrics within the crypto trading bots platform
  • Pricing: The pricing plans offered by each crypto trading bot
  • Ease of use: The usability of the platform and if it’s suited for beginners or professional traders
  • Customer service: How helpful is the platform’s customer support
  • Educational resources: If the platform provides any resources to its users 
  • Crypto Exchange Compatibility: The cryptocurrency exchange that the trading bots are compatible with
  • Free trial: If the platform offers its users the option of a free trial
  • Crypto tax software integrations: If the platform comes with an easy way to pay crypto taxes

The 8 Best Crypto Bots detailed

1. Bitsgap – Best Crypto Trading Bot Overall

The Bitsgap trading bot is known for its exclusive range of affordable services and smart trading features like Trailing Stops to optimize trading profits. Due to Bitsgap trading bot high success rate in automated trades, it’s considered the best crypto trading bot.

It was launched in 2018 and quickly gained popularity in the international crypto community.

The application evaluates over 10,000 crypto pairs and can find coins with the shortest potential. Users can create bot strategies within minutes.

Bitsgap’s website has a “Knowledge Base” section with helpful articles. However, Bitsgap does not integrate with crypto tax software. Regarding customer support, the website has chat support, which users can utilize to get more information or answers to their questions. 

Bitsgap Trading Bot Features

  • The fully automated bot works 24 hours every day.
  • Users can see all of their trades on a chart with technical indicators.
  • No need to download anything, and it can be accessed easily.
  • Users can test the settings before investing.
  • The potential to gain maximum profit through the BTC trading software.
  • Portfolio management and DEMO mode
  • There are a dozen different chart types, candle patterns, and more than 100 technical indicators for trading efficiency

Pricing plans

Bitsgap offers its users a free 7-day trial. When it comes to its paid plans, users can choose from three different ones, all payable via major credit cards or cryptocurrencies. The Basic Plan is $23 per month, the Advanced Plan is $55 per month, and the PRO plan is $119 per month.

Ease of Use

There is a reason why Bitsgap trading bot is one of the most versatile platforms when it comes to crypto trading efficiency. It’s not only a crypto trading bot; Bitsgap also offers advanced features, such as a trading terminal an DEMO mode, and intelligent trading. 

Moreover, users can combine the services they need, from purchasing and selling digital assets to managing their portfolios. They don’t have to pay or sign up for extra services, which saves them time and money.  

Exchange Compatibility

The Bitsgap trading bot is compatible with numerous crypto exchanges, showcasing its versatility as a comprehensive crypto trading platform. This includes Binance, Okex, Kucoin, Kraken, Gate.io, OKEX, Huobi, HitBTC, CEX.IO, Exmo, Poloniex, Liquid, Livecoin, Bibox, Bithumb, Coinbene, Bitfinex, Coinex, DDEX, Yobit, Bit-Z, Bitstamp, BigOne, and Gemini.

2. 3Commas: Best for Crypto Signals

This is one of the best crypto trading bots with the best-automated trading strategies. 3Commas helps traders significantly reduce investor risks and losses while ensuring they gain the most profits. This is especially useful for day traders and experienced traders. Installing extra software is unnecessary, as 3Commas is already compatible with various exchanges.

Moreover, 3Commas offers different trading tools, algorithmic trading, and customizable features for trading efficiency. These tools help crypto traders develop their bot trading strategies. The platform has numerous FAQ articles, videos, a Help Center, and customer support in multiple languages. 

The 3Commas Trading Academy is a great educational resource that provides many articles about automated trading bots and other related topics, perfect for those looking to sharpen their trading skills. Unfortunately, there’s no crypto tax software integration at 3Commas. Read our 3Commas review to find out more about this smart trading Bot.

Trading Bot Features

  • Access to templates, strategies, and types of bots through the marketplace
  • Advance data feeds
  • Easy for beginners and advanced traders
  • Smart trading, Grid bot, and futures trading bot
  • It comes with its own Wallet App

Pricing plans

3Commas is a crypto trading bot that offers 4 subscriptions. However, one significant factor about this crypto trading bot is that users can try this platform for free with their basic starter plan. When it comes to their monthly plans, 3Commas offers 3 pricing plans. The Pro plan is $37 per month, the Expert Plan is $59 per month, and for the Custom plan, you have to contact 3commas for a custom price. The platform supports various payment methods, such as credit cards, PayPal, Google/Apple Pay, and cryptocurrencies, enhancing user convenience and accessibility.

For the Pro plan, you instantly receive free trial days, and no activation is required. Additionally, there’s no need to enter credit card information to start your trial. Once the trial period ends, you’ll be automatically moved to the free plan, where you can then select your preferred subscription option.

Ease of Use

The web-based platform interface of 3Commas offers more trading tools than other crypto exchanges. The easy-to-use interface provides helpful analytics and data related to trading efficiency and history. Users can customize their trading strategies, set specific targets for stopping losses and taking profit, and use composite short bots. 

Exchange Compatibility 

3Commas is compatible with several crypto trading platforms like Binance, Bitfinex, KuCoin, Okex, Bitstamp, Cex, Poloniex, GDAX (Coinbase Pro), HitBTC, OKEx, Yobit, and Huobi. 

3. Cryptohopper: Best for Both Beginner and Advanced Traders

With Cryptohopper, you can manage all your crypto exchange accounts from one place. It started as one of the first copy trading platforms and remains one of the best automated crypto trading bots. This bot executes trades on the user’s behalf based on pre-set instructions, making it highly automated. It’s particularly effective for futures markets and futures contracts, offering a comprehensive solution for both new and experienced traders.

The Customer Support of Cryptohopper allows users to email or submit an online contact form if they have any queries. There is no live chat option or facility to contact them through a phonenumber. 

For educational purposes, there’s the Cryptohopper Academy, which contains numerous helpful articles and guides for its users. Also, Cryptohopper uses CryptoTrader Tax to report all its trades seamlessly. Read our Cryptohopper review for more information.

Trading Bot Features

  • Users can create their technical analysis through this Bitcoin trading bot
  • Multiple types of bot templates and strategies are readily available
  • Secure protocols have been placed to protect all users’ accounts
  • All data remains private 
  • The interface is user-friendly
  • Users can get real-time performance reports and portfolio management feature
  • It comes with a super trading bot strategy designer comprising more than 90 Candle Patterns and over 30 Trading Indicators
  • Algorithmic trading support BB, EMA, RSI, and other popular trading indicators or signals

Pricing plans

Users can try Cryptohopper for free with their Pioneer plan for seven days. There are three paid plans. The Explorer plan is $16.58 per month, the Adventurer plan is $41.58 per month, and the Hero plan is $83.25 per month.

Ease of Use

Despite the advanced trading options and technical indicators tools, Cryptohopper is easy to navigate. Expert-level trading tools require no coding requirements, meaning users can easily customize their investing experience. The setup is quick and simple, which means you can use all the features of Cryptohopper with a paper trading account.

Plus, there are no extra fees. Cryptohopper doesn’t charge a percentage fee for their users’ trades. This means you can make multiple trades in a month and are only required to pay the standard fee. 

Exchange Compatibility

Cryptohopper is compatible with exchanges like Binance, Kraken, Bitpanda Pro, Coinbase Pro, Bitvavo, KuCoin, HitBTC, Poloniex, Okex, Bitfinex and Huobi. 

4. Pionex – Best Built In Trading Platform

Pionex is among the world’s first exchanges with 12 free in-built crypto trading bots, including advanced trading bots for futures trading bot strategies. Users don’t have to check the markets constantly and can automate their trading whenever they want.

Pionex’s website consists of a blog and a detailed FAQ section for technical users looking for more information regarding crypto-related topics. When it comes to their Customer Support, users can email them or get in touch with them through the live chat option. Users can also ask for help through Pionex’s social networks.

Moreover, Pionex uses CoinLedger to calculate crypto taxes in a straightforward way. 

Trading Bot Features

  • Through Smart Trading terminal, traders can set up take profit, stop-loss, and trailing stops within a single trade
  • With the spot Grid Trading bot, users can buy low and then sell high within a specific price range
  • With the Leveraged Grid Bot, users have five times more leverage
  • With the help of the Spot-futures markets Arbitrage trading bot, retail investors can generate passive income and not worry about potential risks

Pricing plans

Pionex only charges trading fees at 0.05% and has no monthly plans. Moreover, the trading fee is the lowest compared to other crypto exchanges.

Ease of Use

The Pionex platform is easy to use. Users can easily set up and activate their bots through a simple process. New users should download Pionex’s mobile app, which is easier to operate and creates trading efficiency. 

Exchange Compatibility

Pionex is compatible with a few exchanges, such as Binance, Huobi Global, and Pionex.

5. Shrimpy: Best for Automatic and Social Trading

Shrimpy is one of the best crypto bots for automatic copy trading and social trading. It enables bot trading strategies to reduce risk, helping with performance. It efficiently manages large trading volumes to ensure consistent results across bull and bear market conditions. Users can create their portfolio strategy, monitor the market, and track their performance.

For educational purposes, there’s the Shrimpy Academy, where beginner traders will find videos, courses, ebooks, a DEMO mode, and articles. Regarding taxes, Shrimpy users can use crypto tax software and calculators, such as CryptoTrader Tax, to automate their tax reporting process. 

Shrimpy’s customer support efficiently solves users’ issues. You can contact them through live chat or email. 

Trading Bot Features

  • Users can see the live market price and price movements
  • It makes automatic copy trading and portfolio management easy
  • The API key of the user is encrypted and saved using the Federal Information Processing Standards (FIPS)
  • The dashboard comes with portfolio performance metrics and asset statistics

Pricing plans

Shrimpy offers multiple plans. The basic starter plan is free. The standard Plan is $15 per month, and the plus plan is $39 per month. 

Ease of Use

This crypto trading bot is popular among new traders because of how simple it is to use. Shrimpy is a web-based app with a user-friendly and straightforward interface. As a user, you can utilize various features, such as portfolio management features, to handle your digital assets efficiently.

Exchange Compatibility

Shrimpy is compatible with several exchanges, like Binance (standard and US), KuCoin, Kraken, Coinbase Pro, Gemini, Huobi Global, Bitbox, OKEx, BitMart, Bitstamp, HitBTC, Bitfinex, and Poloniex. 

6. Cornix: Best Automated Telegram-based Crypto Signals

Cornix is an Israeli company launched in 2019 by two guys from a special army unit. It’s a Telegram-based automatic copy trading bot that manages users’ portfolios and trades through Telegram. Due to its user-friendly interface and mechanisms that excel at implementing advanced trading bot strategies, it’s considered the best Telegram-based crypto trading bot by experienced traders and signal providers.

Cornix can’t be a part of TradingView, but users can customize their trading strategies, especially if they are experienced traders. However, beginner traders can also benefit from signing on to Cornix as it has easy-to-use and auto-copy trading features.

Cornix’s customer support is available 24/7 to answer any questions. The company also has a Help Center on the website, where users can learn about crypto, trading, bots, and other related topics by reading the many articles written by its experts. However, there is no crypto tax software integration.

Trading Bot Features

  • You can manage your trades in numerous ways, such as by viewing the trades and looking at their history
  • You can evaluate the risk ratios plus the rewards of all your trades
  • Keep track of your portfolio’s performance and position size
  • Evaluate how your assets are distributed on multiple exchanges 
  • Receive all updates about your trades so you know when to take action
  • Get notifications regarding all activities on Telegram
  • The crypto trading bot comes with customized trading configurations for the user
  • The Cornix Telegram bot places orders on the users’ behalf, and it can also make several trading entries 

Pricing

Cornix offers its users a 14-day free trial so they can get an idea of the platform. (No DEMO mode) They offer three paid plans: the Beginner plan is $24,90 per month, the Intermediate Plan is $44.90 per month, and the PRO plan is $89.90 per month. On the annual plan, you get 33% off, which is four months for free.

Ease of Use

As an auto trading bot, Cornix is quite simple to use in bull and bear markets. This is mainly because everything happens through Telegram, a messaging platform used by signal providers. Users don’t have to do manual trading; they can use the automatic copy trading service. The automated, single-click features make it easy for users to navigate everything.

You can take care of everything right from your mobile phone. Plus, you don’t need to open any exchange as you can do everything through your Telegram app. 

You must download the Telegram app and look for @cornix_trading_bot to sign up with them. Once you are set up, turn your notifications on to get regular updates whenever something happens.

Exchange Compatibility 

Currently, Cornix is only compatible with some of the major exchanges. This includes Binance, Binance Futures, Bybit, Bitmex, KuCoin, Huobi.  

7. ZigDAO: Best for Building Bots From Scratch

The image shows the logo for ZIGDAO, with the name written in large capital letters. "ZIG" is in white, while "DAO" is in shades of purple and blue. To the left of the name is an abstract design with purple and turquoise vertical lines, subtly hinting at its reputation for providing one of the best crypto trading bots

Zignaly, now known as ZIGDAO, is a cloud-based crypto trading bot platform. Founded in Spain by David Rodríguez, Bart R. Bordallo, and Rafay Gadit, ZIGDAO offers users access to all features from any location, even if their primary device is unavailable. This unrestricted access ensures continuous usability making it ideal for advanced trading bots users and those trading futures contracts.

Moreover, ZIGDAO is a popular crypto trading bot among traders because of its simple yet innovative concept of freemium. It’s a trading crypto bot that offers repeatable performance, particularly with Binance. Also, it allows users to copy trade from the best in the crypto market. 

ZIGDAO’s customer support is available 24/7. Users can contact them via email, live chat, or social media. FAQ Support is also available, and there’s a ZIGDAO YouTube channel where educational tutorials are regularly uploaded.

ZIGDAO offers a ‘Knowledge Base,’ a ‘Help Center, ‘ and a blog on its website that offers all sorts of information. There’s also a Crypto Wiki section for beginner traders and a comprehensive dictionary containing the different crypto definitions and terms. Lastly, there’s no crypto tax software integration at ZIGDAO.

Trading Bot Features

  • Through crypto profit sharing, users can locate professional traders who can help manage their crypto
  • Traders get to use their strategies and signals 
  • Users can trade automatically with the help of the bot.
  • Users can develop buy or sell alerts through TradingView and transfer them on ZIGDAO
  • Beginner traders can experience copy trading for the first time through ZIGDAO
  • The trading terminal allows users to create different trading strategies
  • The auto copy trading service offers multiple channels to copy your trades from
  • The platform allows users to enable their crypto signals on their account to trade
  • You can quickly sign up without any verification
  • The interface could be a bit more user-friendly
  • No DEMO mode

Pricing plans

The trading platform ZIGDAO offers a freemium model. Users can create a free account and access advanced features, like unlimited coin pairs, exchanges, and trading positions. You only pay with a small percentage of your profits.

Ease of Use

ZIGDAO was designed to be a user-friendly program for beginner and advanced traders. Once users have created their accounts, they must configure some settings to begin trading. This includes choosing their base currency, like Bitcoin, Ethereum or many others. Plus, they would have to set up Stop Loss, Trailing Stop, and Buy Price Deviation. 

Every tool has an explanation for each feature, making it easy for beginners to use each feature. On average, it will take a user about 10 minutes to set up and start using ZIGDAO.

Exchange Compatibility

ZIGDAO is compatible with a few exchanges, like Binance, Bitmex, and KuCoin.

8. HaasBot: Best for Institutional and Leverage Trading

HaasBot is one of the first crypto trading bot platforms, founded in 2014 in the Netherlands. Automated trading is available on numerous exchanges. Users can create their trade bot line-by-line through HaasScript or develop bot strategies with a single click. This is the best crypto trading bot for institutional and leverage trading and is used by expert traders.

This automated crypto trading bot is more appealing to advanced traders, offering tools for leverage trading and futures trading bot capabilities; however, beginners can also use the Bot if they want to learn about all the tools that HaasBot offers. Users must download and configure the HaasBot Trade Server to use it. 

Regarding HaasBot’s customer support, users can email questions to their support desk. There’s also a detailed FAQ section on the website. Moreover, HaasBot provides a tutorial section on its website explaining everything you need to know about using automated trading bots. Lastly, there’s no crypto tax software integration on HaasBot.

Trading Bot Features

  • Through the auto trading bot, traders can create different trading strategies
  • AI bots from scratch
  • Users can create their technical analysis with the help of this Bitcoin trading bot
  • With the help of this bot, the users’ codes and data are secured
  • Users can view real-time performance reports
  • Through custom dashboards, users can keep an eye on market movements and their trading bots
  • HaasScript was created by HaasOnline for crypto trading bots, which is a purpose-built scripting language

Pricing plans

There’s a 14-day free trial for users who want to experience HaasBot’s features, but there’s no DEMO mode. Regarding their paid plans, HaasBot offers multiple payment options: yearly and monthly payment plans. With a yearly payment plan, you can get up to 16% off, which is two months free.

  • Lite+: Per month, $9 and $90 with a yearly payment plan
  • Standard: Per month, $49 and $490 with a yearly payment plan
  • Pro: Per month, $99 and $990 with a yearly payment plan
  • Enterprise: Per month $149

Ease of Use

The HaasOnline platform might be complicated for beginner traders looking for a simple interface. Setting up the bots and orders will take some time, so getting familiar with everything might take a while. In this sense, using the HaasBot’s High-End Trading Terminal is more suited for experienced traders.

However, if beginner traders are willing to invest their time and want to learn how to use the platform, then they won’t have any trouble. It will just take them longer to learn the ropes. 

Exchange Compatibility 

The HaasBot is compatible with numerous exchanges, such as Binance, KuCoin, Kraken, Kraken Futures, Bitpanda Pro, Bitfinex, Cex.IO, BitMEX, Bitstamp, Crypto.com, Gemini, Deribit, Coinbase Pro, Huobi, HitBTC, Ionomy, Poloniex, Mandala, OKex, and Bybit. 

Comparison Table for the Top 8 Crypto Trading Bot Platforms

A comparison table of 8 trading crypto bot platforms: Bitsgap, 3Commas, Cryptohopper, Pionex, Shrimpy, Cornix, Zignaly, and HaasBot. Columns detail features, supported exchanges, pricing, free trial availability, strategies supported, ease of use, unique features and support.

Learn What a Crypto Bot is and How it works

What Is a Crypto Trading Bot?

Crypto trading bots help buy and sell cryptocurrencies when the time is right, executing a bot trading strategy designed to optimize timing and profitability. The key goal of this auto trading bot software is to reduce risks and losses while looking to increase revenue. Applications like these allow users to manage multiple crypto exchange accounts from a single location.

The majority of crypto trading applications operate efficiently. A user will authorize the crypto trading bot to buy or sell an asset when and if it reaches a specific trading indicator or price point. The bot will then handle everything. It will place and execute orders, making it easy for the user not to monitor the platform constantly.                       

Why Use a Crypto Trading Bot?

So, why should you use a trading bot in the first place? Expert traders in the finance industry have been utilizing algorithmic trading for several decades. Therefore, it wasn’t long before auto-trading bots entered the cryptocurrency world.

Traders use bots for the cryptocurrency markets, where trades take place 24/7 all across the globe. This is valuable in a volatile market where prices can change rapidly and unpredictably. Bots tend to react quicker than investors, while most investors don’t fully dedicate their time to achieving the best trade. This is something that crypto trading bots can do.

Moreover, trading cryptocurrencies tends to be an emotional experience, especially if you lose money in this volatile market. This results in traders making irrational decisions. Using a bot means taking a systematic approach to crypto trading that involves no emotions and enhances your position size and trading efficiency.

Also, trading bots are generally faster when it comes to speed. Trades take place in microseconds, which is so much faster than what one trader can achieve. Therefore, a trading bot can make numerous profitable trades in just a short time.

Furthermore, cryptocurrency markets are known for being extremely volatile; thus, trading bots minimize the risk. A trader can achieve that by running several trading bots. Also, auto trading bots ensures that trading occurs even during volatile conditions.  

How Do Crypto Trading Bots Work?

Users must authorize a trading bot to connect with their account through Application Program Interface (API) keys. They can remove access whenever they want. Essentially, there are four stages when it comes to crypto trading bots. This includes data analysis, signal generation, risk allocation, and execution.

Data Analysis

Data is everything, and analyzing this data is essential to a crypto trading bot’s success. Machine learning-enabled software can better recognize, collect, and analyze a massive amount of data in a brighter, better, and quicker manner.

Signal Generation

After data analysis, the bot’s next task is to generate signals. This is basically what a crypto trader does, which is now done by a bot. It involves making predictions and identifying potential trades based on technical indicators and market data.

Risk Allocation

This is when the crypto trading bot diffuses risk based on a particular set of rules and parameters the trader put into place. This includes how the capital is allocated and how much it gets distributed. 

Execution

In this stage, cryptocurrencies are purchased and sold according to the signals generated through the pre-configured trading system. This is the stage where the signals generate buy or sell orders sent to the exchange through their API. 

How to Select a Crypto Trading Bot?

When choosing a cryptocurrency trading bot, you need to consider a wide range of factors before finalizing your decision: 

  • The credibility of your development team: If you grant access to a bot to your portfolio, you need a qualified team. Plus, the support of your team matters too.
  • Is the bot compatible with your strategy: Look at the bot’s reviews left by others to see if it can use your implemented strategy.
  • The cost of the bot: You can try out the free trial offered by several crypto trading bot platforms before investing your money in their paid Plan.
  • Can the bot be adjusted based on market conditions: This will prevent you from losing your investment because of bad strategy execution.
  • The usability of the bot: Newbie traders need to check if they can easily use the bot. This includes its functionality, available tools, simulated profit, and loss order, and if the bot has a mobile app. 

What Are the Types of Crypto Trading Bots?

Listed below are the different types of cryptocurrency trading bots.

Arbitrage Trading Bot

This bot purchases coins from one exchange and sells them on another simultaneously. Arbitrage trading bot helps crypto traders make fast profits most safely.

Market-Making Bot

This bot prevents massive swings in price, which is one of its many advantages. This includes creating buy and sell limit orders close to the latest market price. Numerous market-making bot traders are known to have joined forces with their trading project.

Momentum Trading Bot

This trend-following system sells assets whenever the positive momentum of the market reverses. The cost of an asset will increase and eventually fall after running out of momentum. In this case, it’s crucial to start buying or selling depending on the market trends.

Mean Reversion Bot

This AI automated trading bot is based on if a coin’s price is different from its average, a trader can go back to its average. If a crypto coin’s price drops to 50 cents from its average of $1, several traders will take the latest price to be low and purchase in large quantities.

Copy Trading Bot

With a copy trading bot, you can copy professional traders with just a few clicks. It often involves a social community and a leaderboard (gamification elements). Read more about copy trading for Bybit signals in our review.

Best Crypto Trading Bots – FAQ

Q: Do crypto trading bots work?

A: The majority of trading bots do work. As long as the crypto bots are created with prediction, advanced trading automation, and execution or order placement technologies, they can generate profits when trading crypto.

Q: How profitable are crypto trading bots?

A: If you can configure bot trading correctly, they will continue to generate more profit. The best cryptocurrency trading bots are the ones that consistently make a profit; therefore, it’s essential to test them in advance or ask for some guarantee before purchasing them.

Only by knowing how crypto trading bots work can you make them generate profits. Otherwise, you may experience some losses. 

A: Using different types of bots for crypto trading is entirely legal. Since trading bots are technical, they have been tested in different forex and stock markets. But remember that not all crypto trading brokers allow using bots for trading.

Q: What is the easiest crypto trading bot?

A: CryptoHopper is a highly popular trading bot with numerous features that even a beginner can easily use. This includes backtesting, paper trading, a strategy designer tool, etc.

Q: How can advanced trading bots improve trading profits for day traders and experienced traders?

A: Advanced trading bots utilize sophisticated algorithms and real-time data analysis to execute trades more efficiently than manual methods. Features like Trailing Stops help manage risk, while bots optimized for futures markets can maximize trading profits by handling complex futures contracts and adjusting position size dynamically.

Best Crypto Trading Bots for Automated Trade & Profits – Conclusion

Finding a crypto trading bot with numerous beneficial features is essential for success. The ideal bot is less costly, can accommodate several trading strategies and indicators, permits backtesting of automated trading strategies, continuously improves users’ trading skills, and generates good profits.

This crypto trading bot guide details eight of the best trading bots for automated trades and profits, each designed to optimize performance even with significant trading volumes. These bots are some of the most profitable and efficient in both bear market and bull market conditions and are especially adept at navigating the challenges of a volatile market. All auto trading bots have been tested numerous times in different market trends and can save time and create profits.

If we had to pick two, it would be 3commas or the HaasBot, but this can vary from person to person.

You can try different bots, as most offer a free trial to get an idea of which bot is right for you.

Be Smart, you have Options

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Disclaimer

This article is for educational purposes only. We are no financial advisors. The information provided from SmartOptions is for informational purposes only. It should not be considered legal or financial advice. You should consult with a financial advisor or other professional to find out what may be best for your individual needs and risk tolerance.

Please do your own research and never let anyone trade your account for you. We do not support or advertise Fund Management in any kind of manner. We solely review signal providers, their work/analysis/provided education. Please read this disclaimer and leave the website if you disagree with it.

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  7. I tried Cryptohopper for month or two. Terrible service.
    I subscribed for Hero plan (the most expensive one, cca $100/month regular price) in order to subscribe to their marketplace member/provider Crypto Whale – where I purchased the best bot named Killer Whale Ultimate, cca $80 regular price per year. At that time (Mart – April 2021) the market was hot, BTC was around USD60,000. I started the bot and within 24 hours the bot bought almost all 50 available coins on Kraken. It made maybe 20 – 30 sales at 1% – 4% profit, but there were 40 -50 positions left in red up to 15%. I tried the same thing a few days later and the red was spread all the way down to -20% (or -25%, can’t remember). I realized the bot doesn’t do any reward/loss calculation before entering the trade and doesn’t sell at loss to prevent even further loses. I chat to their moderator on Discord and he practically laughed at me telling me exactly this (I have all chat transcripts, if needed): “I don’t want to sell at loss”. I complained that catting loses is a major part of trading strategy and in this case their product (trading bot) is not suitable for its purpose and that I want refund. They refused. Then I chat to Cryptohopper customer service, explained everything and got shocking response “Template (bot) providers don’t have to build in stop loss feature into bots”. The fact is that you can set stop loss manually but since you don’t know if bot’s sell-at-profit price will be at 1% or 4% – there is no point of setting this manually – the bot has to make that decision itself for each individual trade. So, I asked for refund. For first few weeks it was denied, then granted, then no refund was issued for a week. When I emailed back it took another few weeks to get credit. Why would I need credit for unusable service?
    There is much more to tell abut my experience with Killer Whale and Cryptohopper that would take a whole weekend to write it all.
    In short: avoid using their service and learn Python and make your bot yourself.

  8. I guess Dogecoin has made a major rally this week? Mark Cuban was talking about it CNBC. I wonder if it will ever be worth as much as BTC? Did you guys buy any Dogecoin?

    • It is not “do you?”. It is “When to buy and when to sell?”
      Before you buy you have to have a plan about at what point to sell. It could be as simple as “in 20 years” or “at 20% profit”, or” when 50 day EMA crosses down 200 day EMA.
      Once you have a selling plan, then you post the question.
      Good luck in your crypto adventure!

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RisingSun
RisingSun
A creative entrepreneur in the tech space, whatever that is as long as we keep the human connection. I love to learn new things, Hands-on Crypto and web3 enthusiast with an interest in investing in general. Accepting the world for what it is and learn from its history. Anything you can say has been said already we only change the wording to the times we live in.