Best Crypto Trading Bots: Bitcoin Robots Reviewed (2024)
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Cryptocurrencies are very volatile, availing limitless potential for traders to make profit. Traders have the opportunity to trade cryptocurrencies at any time without restrictions because the market is always open. Though the 24/7 availability offers unending opportunities, it is impossible to dedicate such an amount of time to trading – trying to do so would require monitoring crypto markets for 24 hours every day. One of the solutions to this problem is a crypto trading bot. Trading bots are created to execute transactions on behalf of traders.
In this guide, you will learn more about the bitcoin robots. Read on to discover the best crypto trading bots, with proven results and competitive pricing in 2024.
What are Cryptocurrency Trading Bots?
Crypto trading bots are computer programs that automatically trade cryptocurrencies for traders and investors. The computer software place and manage trades based on existing regulations; they automatically execute buy and sell market orders in exchanges.
Trading bots automatically generate orders based on predefined rules created through technical analysis, mathematical computation, and advanced statistical analysis. The predefined rules could also be inputs from other electronic sources.
Typically, a trader/investor would study market statistics and perform different types of analysis using market indicators to decide when to buy and sell. However, in the case of a bot, developers automate the interpretation and analysis of market situations in a program (a bot). The program does all the market activities that the trader would have otherwise carried out.
How Crypto Trading Bots Work
Most crypto bots work by connecting directly to a crypto exchange. The first task of a trader/investor is to get a reliable bot and connect it to his exchange. The bot buys or sells in the cryptocurrency market when certain predetermined conditions are fulfilled. It would start to look for certain market events based on its automation and send you a signal when such events occur. The bot could also execute trades on your behalf, depending on its automation.
Crypto trading robots help traders trade 24/7 without having to wear themselves out. They also help reduce the effect of emotions like greed, fear and doubts from trades and help increase general trading efficiency.
Many investors have trouble choosing the best automated crypto trading platforms because many fake bots exist. To solve this issue, we have taken our time to list out platforms with the best crypto trading bot to help you make consistent profits in the market.
Review of the Best Crypto Trading Robots
Coinrule
Coinrule was founded in 2017. The team comprises blockchain and crypto enthusiasts who found out that crypto trading is unnecessarily complicated. It has, since its inception, served as the smart assistant for crypto trading, seeking to empower traders to compete with professional algorithmic traders and hedge funds through its bots.
Coinrule produces one of the best crypto trading bots for beginners; they do not require that users have coding skills to use them. Coinrule helps users send trading instructions to 10+ exchanges it partners with. The exchanges include Binance, Coinbase Pro, and Kraken.
Coinrule Packages and Features
Coinrule’s offers come in 4 packages: starter, hobbyist, trader, and Pro. The hobbyist package provides free crypto trading bots, while the remaining packages require a little monthly subscription. We will briefly describe these packages below:
| Features | Starter | Hobbyist | Trader | Pro |
|---|---|---|---|---|
| Price | Free | $29.99 monthly | $59.99 monthly | $449.99 monthly |
| Live account rules | 2 | 7 | 15 | 50 |
| Demo account rules | 2 | 7 | 15 | 50 |
| Template strategies | 7 | 40 | Unlimited | Unlimited |
| Monthly trading volume | $3k | $300k | $3 million | Unlimited |
| Number of connected exchanges | 1 | 2 | 3 | Unlimited |
| Live Telegram Notification | - | Yes | Yes | Yes |
| Free access to trader community | - | Yes | Yes | Yes |
| One-to-one trading session | - | One | Monthly | Weekly |
| Execution speed | Basic | Fast | Fast | Ultra-fast |
| Tradingview integration | - | - | Yes | Yes |
To learn more about the packages, kindly click here.
How to Set Up the API
Setting up the bot requires that you generate an API key. The API key would allow you to create an automated trading bot on the exchange, which you would subsequently connect to Coinrule. Coinrule accepts several trusted exchanges that might require slightly different processes due to the exchange customizations. Click here to set up API on the exchange of your choice.
Cryptohopper
Ruud and Pim Feltkamp created Cryptohopper in 2017 to make 24/7 crypto trading easy. The platform has also grown to become one of the best automated crypto trading platforms available today. The bot simplifies crypto trading processes and helps traders of all experience levels.
Millions of people have trusted the company’s services, and it boasts of having hosted more than 120 million trades since its inception. The bot allows traders to invest in every cryptocurrency their exchange offers using expert tools. It also allows managing several exchange accounts in one place, and you do not have to always log in to the exchanges separately.
One other benefit of the platform is its social trading opportunities where traders could subscribe to trading signals, discuss trading strategies, buy strategies and bot templates. The opportunity gives beginner traders the privilege to trade like experts.
Packages and Features
Crytptohopper offers four packages; pioneer, explorer, adventurer and hero. The pioneer package is the free crypto trading bot, while the other packages for this service require a little monthly subscription. We will describe the packages below.
| Features | Pioneer | Explorer | Adventurer | Hero |
|---|---|---|---|---|
| Price | Free | $19 monthly | $49 monthly | $99 monthly |
| Number of positions | 20 | 80 | 200 | 500 |
| Selected coins to scan | 0 | 15 | 50 | 75 |
| Simultaneous triggers to buy | 0 | 10 | 25 | 50 |
| Availability | All exchanges | All exchanges | All exchanges | All exchanges |
| 130+ indicators & candlesticks | Yes | Yes | Yes | Yes |
| Strategy builder | Yes | Yes | Yes | Yes |
| Manual Trading | Yes | Yes | Yes | Yes |
| Automatic Trading | - | Yes | Yes | Yes |
| Copy Trading | - | Yes | Yes | Yes |
| Stop loss | No | Yes | Yes | Yes |
| Take profit | No | Yes | Yes | Yes |
| Support | Yes | Yes | Yes | Yes |
To learn more about the packages, kindly click here.
How to Set up your crypto trading Bot
To connect your crypto trading Bot, you need an API key, which would serve as a bridge between Cryptohopper and the exchange you are using. The setting up process is a little different for exchanges. Click here to see how you can set it up for your exchange.
CryptoTrader
CryptoTrader was also founded in 2017, with its headquarters in Kansas City, Missouri. Like every other reliable crypto trading bot, the bot allows you to trade 24/7. Its services allow its clients to either rent robots or buy robots.
The crypto trading bot renting service gives users access to bots created by experienced traders. Users can rent bots and adapt and test their performances to see if they are comfortable with their results. It is also easy to run the bots on different exchanges and crypto pairs.
The bot creation service gives users the liberty to code their crypto trading bots. You can test your automated strategies, adjust and backtest them over historical periods to know how they work.
If you are not comfortable running your rented or created strategies on a live account, the company provides simulated money that you could use in testing Bitcoin robots without risking your real money.
Packages and Features
As one of the best crypto trading bots, Cryptohoppers services come in five different packages; bronze, silver, gold, platinum, diamond. They range from free crypto trading bots to paid bots. Below is a summary of the packages.
| Package | Bronze | Silver | Gold | Platinum | Diamond |
|---|---|---|---|---|---|
| Price | $9 monthly | $24 monthly | $44 monthly | $79 monthly | $199 monthly |
| Live trading bots | 1 | 3 | 5 | 10 | 25 |
| Backtesting | Yes | Yes | Yes | Yes | Yes |
| Email alert | Yes | Yes | Yes | Yes | Yes |
| Margin trading / short positions | No | No | Yes | Yes | Yes |
| Access to multiple trading instruments | No | No | Yes | Yes | Yes |
| Priority support | No | No | No | Yes | Unlimited |
| Trading account equity limit | $1000 | $5000 | $20,000 | Unlimited | Unlimited |
Zignaly
The Zignaly program is another reliable program that started in 2018. The main feature that Zignaly provides is profit-sharing, allowing traders to co-invest with the expert traders they follow. The profit-sharing program is more advantageous than copy trading because copy trading only allows trading operations to be done only on the user’s exchange account; it implies that the user would be a step behind the trader.
Zignaly presently supports Ascendex (Bitmax), Binance (Spot and USDT-Futures), Kucoin, Bitmex, VCC Exchange, and some other trusted platforms.
Zignaly marketplace has several successful crypto traders. To copy their trades, you must visit the marketplace and check for the trader you would like to copy or invest in. When you find one, allocate the desired amount you would like to invest with the trader. You could choose to reinvest the profit made or withdraw it to your wallet.
The company has strict security measures. It protects funds by exchanges’ insurance. The company’s internal wallet is also covered by insurance of up to $5 million. The company prioritises its clients’ data and does not sell them to third parties.
Packages and Features
Zignaly is free; you do not have to make any monthly subscription to use the service – everyone can open an account for free. However, users have to pay little fees to access the services of traders on the Zignaly platform. Zignaly users have access to unlimited exchange accounts, unlimited positions, priority support and unlimited coin pairs.
Shrimpy
With Shrimpy, you can manage your crypto portfolio by linking all your exchanges in just one place. Linking your exchanges would make you trade, track your performance over time, and analyse the market easily.
Since 2018, Shrimpy has proven to be one of the best tools for portfolio management. The system adapted ideas from smart investing outside of crypto and uses them to create simple automated strategies that help in reducing risk and increasing returns.
Shrimpy allows its users to copy strategies of the expert traders or imitate portfolios of investment funds like Blockchain Capital, Binance Labs, Coinbase Ventures. It also allows users to study trading strategies by backtesting them to see how they would work in a real market situation.
The program is also friendly to traders of all experiences. The crypto trading bot helps build portfolio strategy, monitor the market and track performance.
Portfolio and Features
The company’s services come in different packages; starter, professional and enterprise. Below is a brief description of its packages.
| Features | Starter | Professional | Enterprise |
|---|---|---|---|
| Price | $15 monthly | $63 monthly | $299 monthly |
| Spot trading | Yes | Yes | Yes |
| Strategy backtesting | Yes | Yes | Yes |
| Social trading | Yes | Yes | Yes |
| Number of exchanges | 5 | 10 | 25 |
| Balance refresh time | 15 minutes | 5 minutes | 1 minute |
| Number of portfolios per exchange account | 3 | 5 | 10 |
| Portfolio tracking | Yes | Yes | Yes |
| Advanced Index builder | Yes | Yes | Yes |
| Spread and slippages safeties | Yes | Yes | Yes |
| API access | No | Yes | Yes |
| Priority support | No | No | Yes |
Forex VPS
Forex VPS provides one of the important solutions for trade latency issues; it works for both manual and bot trading styles. The system delivers ultra-low latency and fast execution speed for trades. Forex VPS hosting servers are located in prime data centres in London, New York, Los Angeles, Amsterdam, Tokyo, Singapore, Zurich, Frankfurt, and Hong Kong.
The VPS provided are rock-solid, and the company also assists its customers through its 24/7 support. Forex VPS offers low latency providing near-instant execution of up to 1 millisecond. The servers have a 100% uptime guarantee and support all expert advisors. Combining forex VPS with the best crypto/ forex robots would also give optimal results.
Packages and Features
Forex VPS services are in different packages; basic, basic plus, standard, and high-frequency. These packages are briefly described below.
| Features | Basic | Basic+ | Standard | High-Frequency |
|---|---|---|---|---|
| Price | $29.81 monthly | $34.66 monthly | $51.13 monthly | $58.67 monthly |
| RAM | 2 GB (2048 MB) | 2.5 GB (2560 MB) | 4 GB (4096 MB) | 3 GB (3072 MB) |
| CPU | 1 core | 2 cores | 2 cores | 1 core (3.4GHz+) |
| SSD Disk | 60 GB | 80 GB | 90 GB | 100 GB |
| Windows | Windows 2012 | Windows 2012, 16 and 19 | Windows 2012, 16 and 19 | Windows 2012, 16 and 19 |
| Dedicated IP | Yes | Yes | Yes | Yes |
Conclusion
The services above describe the best crypto trading bots. When these free bitcoin robots are combined with the best crypto bot strategies, they would be powerful weapons for intraday trading and long term investments. This article has only described the best crypto trading bots for beginners and advanced traders. It might not be too helpful for those interested in getting free stock trading bots.
FAQ
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The best bitcoin trading bots are Coinrule, Cryptohopper, Zignaly, Shrimpy, Crypto Trader and Forex VPS. Some of these best crypto trading bots have free packages that you could try out to see how they work.
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Bitcoin bots are helpful. They increase trading efficiency by allowing traders to profit from the market 24/7. Bitcoin Bots are also useful for inexperienced or busy traders. Take your time to search out the best crypto trading bots before using any.
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Even though there are many unreliable bots, some have proven to be the best trading bots over their years of operation. The most profitable crypto bots are Cryptohopper, Zignally, Cryptotrader, Coinrule, shrimpy, and forex VPS.
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When using crypto trading bots, you could amass fortunes or incur losses. As much as automated trading works, traders should give due diligence to get the right one for their traders.
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It all depends on your strategy. If your strategy is profitable and you automate using one of the best bot companies or services, you should be profitable.
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You do not have to learn how to code to use bitcoin automation services. You could search for services like CryptoTrader, Zignaly, Cryptohopper, Coinrule, Shrimpy, and Forex VPS. These services also describe how to generate an API token and connect the automation to respective exchanges.
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A bitcoin bot could be free; the free version usually allows the traders or investors to test a service before investing more money in the paid packages. Typically, you can get the best trading bots for less than $100 monthly. A bitcoin bot could be free; the free version usually allows the traders or investors to test a service before investing more money in the paid packages. Typically, you can get the best trading bots for less than $100 monthly.
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Yes, it does. Make sure to get reliable services and automate or buy working strategies.
