10 «Best» AI Crypto Trading Bots September 2023

Pionex is a massive crypto trading platform that offers 18 unique bots and free registration along with the greatest variety of strategies and results. Each bot takes a different approach to your investment, allowing you to plan for the future, hold over a shorter period of time or turn a quick profit. It all depends on what features and functionalities a user is looking for. Some crypto trading bots are free, while others can cost a few hundred dollars per month. This innovative, easy-to-use cryptocurrency trading bot was created to help you develop complex automated trading indicators and algorithms.

• Crypto trading bots have been designed to overcome any physical or computational limitations that we as humans have.
• This has many great benefits, such as allowing you to execute strategies easily and deploy advanced bots simultaneously across platforms.
• Axion Crypto can be used across many crypto exchanges, and you can create your own strategies with the Code Editor or builder.
• Although you have now aligned your trading bot with your chosen cryptocurrency exchanges(s), the bot won’t go live until you tell it to.
• Cryptohopper is the most popular platform at the moment and the main competitor to 3Commas, with a fully comprehensive Bitcoin trading bot platform that also caters to all experience levels.

Don’t forget, trading bots do not have the capacity to ‘think’, rather, they simply mirror the actions that you program within the software algorithm. As such, a Bitcoin trading bot completely alleviates the threats of adverse emotions and irrational thinking, which is crucial. On the flip side, it is also important to note that the above example is extremely basic. As we will discuss in more detail further in our guide, Bitcoin trading bots can do so much more than just place pre-programmed buy orders when certain percentage targets are met. Launched back in 2014, HaasOnline has a three-year headstart over the previously discussed providers.

Bitcoin Trading Bots: Strategies

You can read our head-to-head comparison of 3Commas vs Cryptohopper to see how well it fares against the top dog of the crypto trading bots. Over 150 templates help beginners in finding the perfect trading strategy that suits their needs. The platform allows plenty of different trading strategies, including stop loss and taking profit in one, and integrates the most common technical indicators such as Moving Averages. Coinrule stands out among competitors with its If-This-Then-That rule logic.

Trading bots are software programs that connect to an exchange (usually via API protocol) and make trades on behalf of the users. Since trading is all about mathematics and fast complex probability calculations, bots should be better at trading than humans. The majority of trading bots use an indicator from technical analysis called an exponential moving average (EMA) as a principal strategy for analyzing the market.

“Best” AI Crypto Trading Bots (September

Most traders are not impressed with the data sources they currently have access to – there is a lot of noise and a lot of information to sift through. On the other hand, copy trading allows investors to track, follow and copy/mirror the trades of the professional traders or successful investors on their personal trading accounts. Successful social trading requires robust technologies to ensure that trades are executed in real-time to mirror the ‘successful’ trader perfectly. CashApp, a peer-to-peer money transfer system run by Square, allows users to purchase and sell Bitcoin.

• This roundup primarily discusses a type of crypto exchange known as a centralized exchange.
• These bots can use your account to carry out trades using your assets.
• The beauty of this tool is that you don’t need any coding knowledge to use it, making it accessible to virtually anyone.
• Referral bonuses are available, and there are even business accounts available if your company is trading or if you are a financial planner, advisor, etc.
• As the price hits the intended range, orders are executed, and new ones are placed.

These signals serve as helpful suggestions for improving trading outcomes and supporting users’ investment strategies. AI offers a suite of tools that are growing in importance, but human traders are most often the architects of “program strategies” which need research and back testing. LLMs such as ChatGPT help interpret charts, trends, and financial indicators and deliver results in an understandable form. The analysis can support traders with their understanding of market dynamics, risk factors, and investment opportunities. Another way to get crypto is through what is known as a decentralized exchange.

Pionex

You begin by setting your parameters for trading, and once complete, the AI optimized bots run simulations and provide information about the best opportunities on the market. It allows you to set entry and exit conditions, as well as different types of indicators to check trends and keep up to date. Trade on 17+ crypto exchanges (including Binance, Kucoin, etc) from one terminal. Furthermore, you get access to advanced features unavailable on the exchanges. Cryptohopper is a 24/7 trading bot that hosts its services entirely using cloud storage. Also, updates are served without interrupting your trading or putting a halt on your account.

• There are 4 different licenses available, ranging from 0.04 BTC to 0.3 BTC.
• Gainium is a comprehensive platform designed to equip crypto traders and investors with the necessary tools to trade profitably.
• The platform also has an advanced trading terminal, in case you are familiar with that.
• For those unaware, an arbitrage trade is where you profit from the price difference of a single asset across two or more platforms.
• Additionally, many automated strategies become over-optimized and fail to account for real-world market conditions.

When building an automated trading system, all rules must be concrete with no space for biases. Some automated crypto platforms have different characteristics, such as the hodl function on 3Commas. This doesn’t just trade; it also allows users to buy and hold crypto automatically by buying at low prices. It is up to the user to choose the cryptocurrencies – they want and a bot to assist them in doing exactly that. It involves a task being performed by a machine or software program, but demonstrates some aspect of human intelligence. It might be that the AI incorporates, planning, learning, reasoning, perception, problem-solving or data manipulation, for an automated trading experience.

Best for High-Volume Investors: Pionex

This platform has it all providing you an endless amount of tools and possibilities to manage and execute your trading plan. The only downside of this software is that it is expensive and not beginner-friendly. Trading bots are simply pre-programmable software applications that can execute trades based on a set of features. Therefore to answer the question, of course, trading bots work, – they are tools and do exactly what the user sets them to do. This also means that it is up to the user to understand and define exactly how should the trading bots operate in the trading environment. This article is written to give backgrounds of what exactly each bot is designed for, and more importantly which are the best crypto trading bots & trading terminals in today’s markets.

While it comes with a monthly subscription fee, the value delivered, especially for active traders, is well worth the investment. Even if you’re averse to centralized exchanges, keep an eye on Coinrule; it’s a vanguard platform pushing the envelope in automated crypto trading. Choosing the right AI trading bot can be a game-changer, helping to automate crypto trading, manage portfolios, set stop losses, and more.

Automated, Not Automatic

After adding your exchange accounts through API, you’ll be able to replicate trades across all accounts with a single click. The platform provides detailed statistics that are calculated and shown on the Dashboard so traders can keep track of gains and trade more effectively. In fact, many of the world’s largest funds and investment banks use similar technologies for high frequency trading. Users can start off easy with a free account to try it out with 5 open positions, 2 active bots into 1 API per exchange. TradeSanta was founded in 2018 as a cloud cryptocurrency trading software that lets you take advantage of crypto market fluctuations. People on Trustpilot say they are really happy with Coinrule and have shared their experiences after three months of using the bot.

• You can make money while you sleep, but your platform still requires maintenance.
• An arbitrage strategy is the possibility of a risk-free profit after transaction costs.
• CryptoHopper provides a wide range of trading tools that have features like bot backtesting, saveable templates, trailing stops, and customizable indicators.
• Hodlbot is one of the best cryptocurrency trading bots that help you to manage your trades with a user-friendly dashboard.

But automated crypto trading is now becoming a hugely popular method you can use to build your portfolios and make a profit. However, there are automated trading platforms that allow you to create custom strategies that may require coding. As its name suggests, automated trading ensures that trades are executed consistently, reliably, and accurately. By automating the trading process according to predefined trading rules, bots ensure consistent trading discipline. They’re also able to optimize long-term performance without the short-term costs of human intervention. In fact, the Wall Street Journal has written that your most valuable investing tool in 2022 could be discipline.

Are crypto trading bots legal?

Aside from that, there are several other plan options, so you can easily find one to fit your needs. Traders can test their trading system in a safe environment with a virtual allocation of coins. The Demo exchange is modeled entirely on Binance, and you can try your strategies risk-free. The crypto market is so diverse that there’s never just one way to trade your funds.

• These bots allow you to automate your investing strategy so you don’t need to constantly monitor the market.
• Either way, you get the support you need and can enhance your portfolio without doing all the math on your own.
• Kryll also offers unlimited backtesting without restrictions, and the ability to run your strategies 24/7.
• These are essentially software intermediaries that can allow different applications to communicate.
• The mArgin maker strategy is a bit more advanced and can buy and sell based on price action adjusting with the course direction of the market.

Such platforms even allow you to test the bot in the open marketplace without risking any money. As such, traders can then make the required adjustments until they feel immediate edge the bot is ready to perform. In effect, third-party platforms that offer Bitcoin trading bots often allow you to design and program the algorithm from the ground-up.

Is automated Bitcoin trading profitable?

NerdWallet’s comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. 3Commas pricing is such that if you do not care for trading bots, and are only looking for a full set of tools to exponentially advance your trading, you are set with STARTER.

• Pionex is a crypto exchange with built-in trading bots, and you have access to 12 unique training bots at no extra fee.
• All you have to do is create an account, choose your trading pairs, and set up the trading bot in a matter of minutes.
• Plus, the platform shares quite a lot of information about these algo trading plans on the site, so that you can learn more as you go.
• On top of this Superorder also allows traders to download chrome extension which helps traders to trade multiple markets using the most popular charting software Tradingview.

Look for a bot that is user-friendly, compatible with your preferred crypto exchanges, and offers the tools you need, such as automated trading and portfolio management. Additionally, compare pricing structures, read reviews from other users, and ensure the bot’s AI capabilities align with your trading goals. Stop losses and trailing stops are especially welcome elements here, as they help you tremendously with risk management. This is arguably one of the best crypto trading bots on the market, which is best reflected in their huge customer base (over 150k users) and large signals marketplace. Not all do, and none are always perfect, but some of the best crypto trading bots can earn users a significant profit. However, remember that the cryptocurrency market constantly changes and price trends always fluctuate.

Automated Trading

The term is mainly applied to trading in financial instruments, such as bonds, stocks, derivatives, commodities, and currencies. Trality’s main product is the ‘Code Editor’ which provides its advanced userbase with a professional-grade, browser-based Python editor. With this powerful and flexible editor, users can develop advanced and effective bots seamlessly. TradeSanta is a perfect choice for those just starting out automated trading and for those looking for advanced tools with a next-level user experience.

• You can read our head-to-head comparison of 3Commas vs Cryptohopper to see how well it fares against the top dog of the crypto trading bots.
• Kucoin’s in-house trading bot is free to use, and there are extra costs beyond the fees which are already charged by the KuCoin exchange for funding, trading and withdrawal.
• Automated trading systems can be backtested using historical data to generate simulated results.
• Trading bots allow crypto investors to automate buying and selling of positions based on key technical indicators.
• Crypto bots allow users to trade numerous accounts or different strategies at the same time.

Nothing is certain in the crypto market, and there’s no guarantee that using a trading bot will pay off. However, these bots are designed to trade in your interest and make the best purchasing decisions for you. So, if you need a little help while crypto trading or you’re looking to trade on a 24/7 basis, a trading bot might be the right choice for you.