|1. Cryptohopper||2. 3 Commas||3. Zignaly|
There are essentially two ways you can make money from cryptocurrencies. You can buy a few coins now, hold them for a long period of time and sell them after the value has risen greatly or you can get started with trading cryptocurrencies, here again, you can trade manually or go with the best crypto trading bots. While holding cryptocurrency for a longer duration has proven to be very rewarding, it takes a lot of time and patience for you to see the value of your investment increase.
If you are someone who does not have the patience to wait for such a long time, then cryptocurrency trading provides you with the perfect opportunity to make some money. Many successful cryptocurrency traders do suggest you buy low and sell high. However, this is easier said than done.
Cryptocurrencies have been extremely volatile since the very beginning. They are the only tradable assets whose value varies in double-digit percentages every single day. The price does not always go up either. Thus, timing the market is the key to becoming a successful cryptocurrency trader.
Trading cryptocurrency isn’t any rocket science. All you need is an account on a cryptocurrency exchange and some cryptocurrency in your wallet. This would have been the case, had you started trading these digital assets way back in 2010.
Now, if you try to place any limit order on any popular cryptocurrency exchange, you will see another order placed right above you’re, offering a better deal. Thus, you are forced to place orders at market value.
The fact that your offer was immediately countered by a better offer does not mean that someone is always grinding in front of the computer. You just triggered a crypto trading bot when you placed your order. The best bitcoin trading bots have taken over the entire cryptocurrency trading ecosystem and this is mainly due to the fact that they are more efficient than humans, especially when it comes down to trading.
Now that you know that bots have taken over the crypto trading market, you must have realized already that the odds of making money when stacked up against millions of bots are extremely slim.
You could master all the different technical analysis techniques and outdo the bots. However, not only is this tiresome but also very time-consuming. So instead of spending more time learning about technical analysis, you can set up the crypto trading bots on your own. By the end of this article, not only will you know some of the most profitable cryptocurrency trading bots out there, but also will be empowered with the knowledge of choosing your own trading bot in the future.
Factors to Look for When Choosing the Best Crypto Trading Bots
One of the most important aspects to consider is the reliability of a trading bot. You would not want to lose on a golden opportunity just because your crypto bot went offline or stopped working for some time.
You might argue that there is no way to be sure about the reliability of a particular trading bot. However, you aren’t the only one using a bot. Search for what the other users who have used a particular bot have to say about its reliability or simply refer to our list of the top bitcoin trading bots below.
When it comes to cryptocurrencies, you cannot blame anyone but yourself in case of a hack. When you start using a trading bot, you are giving the bot access to your funds. This can be very risky, especially if the trading bot is very new in the field.
There is no telling how secure a particular bot is. So, while choosing a trading bot, do a complete research and select a bot that has been widely applauded for its security.
It all comes down to this essential component. Is the bot profitable or not? A question for which it is very hard to find an answer. The main reason you decided to go with a trading bot is to profit over its trading expertise. There is no point in using a bot that is not profitable. So, find out the profitability of a bot before you invest both your time and money into it.
The main reason why cryptocurrency rose to fame is that the whole network is completely transparent. There is no place for any foul play. The same should be expected even from the trading bot that you decide to go with.
Try to choose a bot whose developers are widely known for their work in the community. Transparency not only helps to build trust but also helps you to get in touch with the right people in order to fix any issue.
5. Ease of use
The whole point of going with an automated bitcoin trading is to make the whole process of trading cryptocurrencies easy for everyone. A bot which comes with an easy to use interface is the one that is very popular. Being able to control the bots with just a few clicks of the mouse is something you should look out for, in the bot that you decide to use.
Considering all the factors we have compiled a list of the top 15 cryptocurrency trading bots in 2021, the list will be constantly updated so that information stays relevant.
Top 16 Best Crypto Trading Bots in 2021
This might be a new bot in the crypto trading market. However, this newcomer has managed to turn heads due to the wide array of features that this bot provides. One of the downfalls of most trading bots is that they run on your local machine. This means that they run only when you have turned on your PC.
With the rise in interest for cloud-based technologies, Cryptohopper utilizes cloud technology to keep the bot running 24/7. By running the bot on a cloud, users will be able to place trade orders even during the night. Thus, no opportunity is missed.
Another key reason that led to the rise in fame of Cryptohopper is its ease of usage, especially for the novice. The bot has integrated with an external trading signaller. This means that anyone can start using this bot by running it on autopilot. This is a boon to the new traders, who need not worry about setting trading signals for their bot. The bot also lets more experienced users mess around and set their own trading signals. Thus, satisfying the needs of both.
Apart from this, the bot is also equipped with features such as trailing stops, technical analysis, templates, and backtesting. Templates help you to configure a new setting for your bot quickly and technical analysis allows you to customize and configure your own settings.
Like all great things, crypto hopper does come with a price tag attached to it. The price starts from $19 a month for the basic plan and goes up to $99 a month if you choose their most expensive plan.
Once you subscribe to any of the plans, you can start using the bot on popular exchanges like Binance, Huboi, Kucoin, Bittrex, Coinbase, Poloniex, Kraken, Cryptopia, and Bitfinex. If you are willing to spend the extra buck on a trading bot, then Cryptohopper is a great choice.
The unique feature that separates this bot from the other bots is its ability to trail any crypto market. This allows the bot to close the trade at the most profitable position even though the target gain set by the user had already been reached. This feature helps immensely during the crypto bull run.
Additionally, the bot also allows users to trade multiple cryptocurrencies at the same time. Thus, not missing out on any good trading opportunity that comes along the way.
The bot is set up on the cloud and is accessible through the website. This means that the bot runs 24X7. The bot can be configured with Binance and Bittrex right now and more reputable exchanges such as BitFinex, Poloniex, KuCoin, etc will be added soon.
The 3Commas does come with a price tag attached to it. The starter plan will cost you $24 and the most expensive pro pack would set you back by $82. If you want to give crypto bot trading a go, then you could use the 3Commas starter plan and later move to the more expensive plans.
3. Zignaly [Free for Limited Time]
This is a trading bot that is still in its development stages. However, you can still use the beta version of the app for free and make great profits from using the bot. Even though it is a new entrant to the trading bots industry, it has managed to win over the hearts of many crypto enthusiasts.
The main reason for its widespread fame is the transparency provided by this trading bot. Unlike other trading bots whose developers don’t share many details on how to contact them, Zignaly prides on the developer’s openness to the community.
Users of the bot can easily communicate with the developers of the bot in case of any problem that they face or even provide them with suggestions to add more features to the bot. Either way, being in touch with the developers provides a sense of trust.
There is also a paid version of this bot. However, the free BETA version also works well. The bot implements the trading view API for chart analysis. This, in turn, uses the Binance platforms trading charts. Thus, Zignaly is compatible with the Binance exchange. The developers are planning to add other popular exchanges such as Bittrex, Poloniex, etc in the near future.
On top of all this, the bot also allows users to implement their own customized trading strategies. Thus, giving flexibility to the more experienced traders as well.
If innovation is the key to stay relevant, then we can say that the team behind Kryll has fully realized that. Through thier new age bot, they are redefining the way the crypto is traded. This trading bot is loaded with new-age features to facilitate seamless automated trading.
The core of this trading bot is the strategies, you can create your own strategies using the drag and drop editor. The interface is easy to use making it suitable for beginners. Even though the platform is easy to understand, we highly suggest you to refer the tutorials for better clarity.
If you are not keen on creating your own strategies, you can go into the marketplace and follow other successful strategies. Before you choose a strategy from the marketplace, you can backtest it. This ensures that you can be sure of volatilities involved in the strategies.
You do not have to pay any subscription fee to make use of the platform. It works on ‘pay as peruse principle’ which is something new in this niche. Kryll has its own token and all the fee is to be paid with the KRL token. You can also bring down the fee and get some additional benefits by holding the KRL tokens. The platform is very promising and definitely worth a try.
This is another popular trading bot with over 6000 active traders using its services on a daily basis. Compatible with several trading platforms including Binance and GDAX, it can be run on your local PC. This can run on Windows, Linus, and the Mac platforms, so running on your local machine would not be a problem.
The bot has 32 different pre-configured trading strategies which give users a wide array of options to generate some passive income. Amongst these strategies, the three most popular ones are the Bollinger band, step gain, and ping pong. Many users have reported having made a lot of profits with the BB strategies.
Gunbot is not free to use and comes with a one-time flat rate ranging from 0.1BTC to 0.3BTC, depending on the features that you would like to see in the bot. Apart from this, the bot also comes in the form of a Lite version that has limited features but can be used to experiment around with the lesser amount of funds.
The post-purchase support provided by the company is truly amazing. Customers get their issues resolved in under a day. The only problem when it comes to this bot is that you should always keep an eye on the current market state. If the volatility of the crypto market is very high, then you should probably turn the bot off in order to avoid any loss
This is the most versatile cryptocurrency trading bot in existence right now. For anyone who wants to learn a thing or two about trading bots and not spend any money buying one, then Gekko is the bot for you.
The Gekko trading bot is an open source bitcoin trading bot project that is available for anyone to use for free. The fact that it is free to use is the main reason for its wide popularity. Like any other open source projects, Gekko is free of almost all bugs and even the ones the pop are patched up at lightning speeds.
The Gekko bot can interact with several exchanges, including Bitfinex, Polonix, and BitStamp. The bot uses a web interface to interact with the users and can run on a local machine with Windows, Linux or the Mac OS.
The bot comes pre-configured with some trading strategy. You can start using the bot on autopilot as soon as you install and configure it with an exchange. However, if you would like to use your own trading strategy, the bot also allows you to configure it to your liking.
While the present configuration is pretty decent for experimenting with the bot, there are several other trading strategies available online that would help you make a more profitable bet.
The bot will also send you a notification whenever it executes a particular trade. This is done by integrating it with the Telegram messenger. Thus, you will always know how well your bot is performing.
The only downside to the Gekko trading bot is that it is not very user-friendly. There are several guides on the internet that guide you through the initial setup process. However, this process is not very straightforward and you would probably hit a roadblock at least once during the initial setup.
Another free to use cryptocurrency trading bot, Zenbot can be considered as a more advanced version of the Gekko trading bot. However, as Gekko has been around for a longer time, it is more widely used.
Just like Gekko, Zenbot software can be downloaded from Github and installed on your local PC. The software is compatible with Windows, Mac as well as the Linux operating systems. The bot comes pre-configured with a pretty decent trading strategy. However, its true potential can be unlocked only when you start implementing your own trading strategy.
The main problem with the free to use bots is that they are often not very user-friendly. However, this is not the case with Zenbot. The whole setup process is very easy and you can have the bot up and running very quickly. The bot works on all popular exchanges such as Bitfinex, Poloniex, Bittrex, etc.
As it is an open source project, it is already free of several bugs and even if one pops up, it will be fixed very quickly.
The Zenbot can easily implement with several messaging platforms such as slack, Telegram, etc to provide you the updates of any trade that was executed.
Additionally, the Zenbot also supports high-frequency trading. This is a feature that limited the ability of the Gekko bot. The Zenbot is being updated and more features are being added regularly. Thus, making it a bot for you to keep an eye on.
Haasbot can be considered a veteran in the trading bot ecosystem. It was created way back in 2014 and is compatible with all popular exchanges such as Huboi, Bittrex, GDAX, etc. Designed by HaasOnline, it was initially designed to only analyze the market conditions. However, now you can completely automate your trades with the Haasbot.
The bot is available on a subscription basis, with prices ranging from 0.073BTC for 3 months to 0.127BTC for a year. Unlike other bots whose features are limited when it comes to the lower packages, Hassbot provides its users with the complete package for even the cheapest plan.
The bot is run on cloud and thus you will not miss out on any trading opportunity even when you are sleeping. Additionally, this also means that there is no need for you to keep your computer running at all times. The bot also allows you to customize it with your own trading strategy.
However, the pre-configured strategy is by itself pretty amazing to make some passive money.
The only downside to this bot is it requires an input from the user to act upon. Thus, expecting you to have certain knowledge about the market conditions.
That aside, the easy to use interface, quality support and the array of features makes it a bot that is widely used by the trading community.
Almost all cryptocurrency traders would have heard about the crypto trader trading bot. The widespread popularity of this bot is because it was one of the very first bots to be run on the cloud and available to the users 24/7.
The crypto trader bot is completely web-based and thus, accessible from anywhere you can connect to the internet. The bot can be easily configured with several popular exchanges such as Poloniex, Bittrex, Kraken, etc.
This bot does not come free of charge. You can choose from the several plans available. The pricing starts with 0.003BTC per month for the most basic plan and this goes up to 0.0472 BTC per month for their premium plan.
While all plans do offer users support for automatic trading, the new features and the trading limit for the more expensive plans is higher than that provided with the basic plan. Any new feature that is created is first available on the higher package plans and are later available on the basic plans.
If you would just like to trade on a single exchange and with very limited funds, then the basic plan will suffice. However, if you are looking at the higher volume of trades then go with the higher package.
This bot also supports algorithmic trading. Thus, making it easy for users to implement their own configurations. The bot can be easily customized. Thus, making it a widely used cryptocurrency trading bot.
10. Bitcoin Robot
We just had to include the pioneer of cryptocurrency trading bots on our list of the best crypto trading bots. The Bitcoin robot started off as a Bitcoin trading bot. However, it can now also be configured to trade other cryptocurrencies such as Ethereum and Litecoin.
The bot is available as a software and needs to be downloaded and run on your local machine. This means that the trades are going to be executed only as long as you keep your computer turned on. The bot can easily work with several cryptocurrency exchanges and is being widely used even today.
The bot is not available free of cost and does cost you a premium. The price of the bot ranges from $19.99 per month for the basic plan. However, users normally purchase the platinum plan that costs only $399 one time fee and offers user unrestricted access to all the features.
The profits made by people using this bot speaks for itself. Additionally, they do offer a 60-days money back guarantee. So, you should definitely check them out once.
11. Margin.De (Leonardo Bot)
This is a cryptocurrency trading bot with the most user-friendly interface. The GUI of the bot is very easy to use and the features provided are very powerful. The bot was designed with two trading strategies ping pong and Margin trading implemented into it. However, you can also customize it with your own custom settings.
This bot lays great emphasis on the visual aspects of trading. The technical analysis done by the bot is extremely easy to analyze. What more? The bot has an amazing feature called visual trading. This interface feels buttery smooth to use and offers users utmost control over the trades.
The bot was initially priced at 0.5 BTC every month. However, now it is available at a one-time price ranging from $89 to $1999 with the highest plan offering more features than the basic plan.
Cryptocurrencies have been hailed for a long time due to their decentralized nature. When these digital assets themselves are not controlled by a single entity, why use a trading bot that is controlled by a single company.
Autonio is the first decentralized cryptocurrency trading bot to have ever existed. This bot runs on top of the Ethereum blockchain and can be easily implemented with almost all the major cryptocurrency exchanges out there.
Without a centralized company marketing this trading bot, it is marketed by several thousand cryptos and decentralization enthusiasts. This bot has several inbuilt trading strategies and algorithms. Additionally, you can also customize it by using your own trading strategy and algorithms.
As the bot is running on the Ethereum blockchain, an ERC-20 protocol token powers the whole bot. You can buy this token on the Bittrex exchange. This is a utility token and is used to buy services on the platform. The bot is very user-friendly. It provides all users the access to a marketplace where users can buy other trading strategy configurations and trading algorithms.
Users can also sell their own customized configuration on this marketplace. In order to buy any configuration, you will need to use the in-house utility token of the bot. Thus, the bot offers users multiple ways to make money.
The bot is not available free of cost and you will need to pay a fee of $50 per month in order to use the services of the bot. As it can be fully automated and at the same time completely decentralized. The security and trust that it has managed to gain have been truly exceptional. If you are a true believer of decentralization, then you must check out Autonio.
This is another widely used cryptocurrency trading bot. This is an open source trading bot available for everyone around the world. However, unlike other open source trading bots out there, this bot is available on a rental basis. Users need to rent its services to enjoy the automated trading benefits.
The bot uses a multi-tier marketing strategy. This means that users are given the opportunity to make some money by inviting people to the platform. Every user can earn 50% of the trading profits in the form of referral bonus.
While the referral system might be lucrative enough for most people to hop onto the platform, the features that it offers are just icing on the cake. The whole bot is based on the cloud. This means that there is no need for you to have your computer running all day in order to execute the trades. The bot runs 24/7 on a cloud-based system and thus, users are confirmed to not miss any trading opportunity even when they are asleep.
Another amazing feature of the CoinBot is that it notifies users whenever the loss goes over 10%. Thus, users will be able to pull the trade out just in time and avoid a big loss. This bot is available for many exchange platforms out there and more are being added.
As the source code of the bot is available for everyone to use, you can also implement our own changes and customize the trading strategies to your liking. Additionally, by paying a little extra, you can also subscribe to the telegram notification, arbitrage trading as well as the social analyzer.
Another new entrant to the cryptocurrency trading industry, this bot has managed to win over the hearts of thousands of crypto traders because of the huge profits that you can gain as well as the number of features offered by this bot.
Apart from being an automatic trading bot, ProfitTrader allows you to monitor the market conditions with its feature-rich graphical analysis. The bot also has an inbuilt feature that analyzes several cryptocurrency market conditions and provides users with a list of potential buys that can lead to huge profits in the future. Thus, minimizing the workload of the trader.
The bot also provides with a unique feature of dollar cost averaging. This enables users to minimize the loss caused due to bad trades in the past. With dollar cost averaging, cryptocurrencies are bought when they are available at a lower price and sold when their price increases. Thus, nullifying the loss caused due to the initial bad trade.
Another important aspect of ProfitTrailer is its great security. The bot not only provides users an easy to use interface but also protects their funds from thefts. This is due to the multiple layers of security offered by the platform.
The bot is compatible with several popular exchanges including Binance, Poloniex, etc. The bot is not available free of cost and the price for the bot ranges from $499 for the basic plan to $1149 for the premium package.
The bot can be downloaded and run from Windows, Mac or even Linux platform. Alternatively, you can also buy a private VPN server and host you bot online.
We saved the best cryptocurrency trading bot for the last. The Crypto World Evolution or the CWE trading bot is by far the most profitable trading bot in existence right now. One just cannot get enough of this bot. Everything from its user-interface to the security that it offers is in a league of its own.
One of the great things about the CWE trader is that you need not to have to give your money to the bot. Instead, you are actually giving it permission to trade on your behalf on the various exchanges that you wish to trade on. This feature alone has managed to convince a lot of traders to use this bot.
This bot also uses a multi-tier marketing technique to gain more user support. This means that you have an opportunity to even make some extra money by referring people to use the service provided by CWE. Looking at the service that this bot has to offer, once people start using it, there is no turning back. They will definitely love the passive income that is being generated.
This bot can be easily integrated with several exchanges including Binance, Bittrex, etc.
The profits that you make will stay on the exchange itself. As this is a trading bot, it is free from all the human emotions which are usually the main reason for placing bad trade orders.
The bot also allows you to customize your own trading strategy. Thus, satisfying the more experienced traders as well. The support provided for this bot is also very good. Users have reported their problems being solved very quickly when they contacted customer support.
The bot supports about 15 different cryptocurrencies. Making it one of the most usable trading bots out there. The bot is not available free of cost and the users need to pay a certain fee in order to start using its services.
From the past stats and the data collected from other users, this particular bot has single-handedly managed to gain a 2% profit on average on each and every trade that is placed from your account. Thus, making it the most profitable trading bot right now.
16. USI Tech [SCAM ALERT]
This cannot be considered as a bot exactly. However, the USI tech BTC service does promise automated profits for your BTC investments. The USI Tech was initially designed for Forex trading. But after the rise of popularity of Bitcoin, they also offer BTC packages.
Unlike any other BTC trading bot where you need to provide the API key of your exchange account in order to execute trades, on USI Tech, you will need to choose from amongst the several BTC expert trades. Then, you will start receiving your share of profits whenever a trade is made.
The USI Tech platform almost guarantees great returns to your investments. This is where we have a problem, a platform which doesn’t give you control over the funds but guarantees you a profit. It seems very similar to Bitconnect, a similar platform which turned out to be a scam. We strongly advise all our readers to stay away from this platform. We included this in the list just to spread the word about USItech being a scam.
Crypto Trading Bots: Are they Real?
The short answer to this question is “Yes!”, they do exist and are real. However, don’t think of bots as humanoid programs that guarantee profits. Trading bots are computer programs that run on computers and trade on behalf of a human trader.
Unlike a human, the bot never gets tired of monitoring the market conditions. Thus, making them perfect traders. These bots don’t have a brain of their own and they need to be programmed to behave accordingly. The trading strategy needs to be pre-programmed into the bot and the bot acts only according to this strategy.
Trading bots are a great way to make some passive money without having to put any effort into it. So if you are still unsure of whether to use one, you can always try the free trial provided by Cryptohopper or even choose an open source solution like Gekko or the Zenbot.
Crypto Trading Bots: How do They Work?
The key to becoming a successful cryptocurrency trader is being able to analyze the market conditions and acting accordingly. With cryptocurrency, this process becomes a little difficult. As the prices of cryptocurrencies are extremely volatile, it is very hard to predict its price. In order to do this, one has to master cryptocurrency technical analysis.
Even after you master this, you cannot always stick to the computer screen analyzing the market conditions.
A cryptocurrency trading bot is a software that allows you to set a trading strategy and algorithm. The software then follows this trading strategy and places orders on behalf of you. The best part about most trading bots is that they run on the cloud. This means that you need not have to even keep your computer on in order to execute trades. Just give the bot the required permissions and it will execute profitable trades for you.
Advantages of Using a Crypto Trading Bots
Trading bots, when given the permission will analyze the market conditions of several cryptocurrencies at the same time and place an order as soon as there is an opening for a profitable trade.
This is not the case with human beings. We can only analyze one cryptocurrency market condition at a time. Thus, by the time we switch to view another cryptocurrency, we would have lost a golden opportunity to place a good trade. These things make these automated bots highly efficient.
Cryptocurrencies are extremely volatile assets. They are also highly manipulated by the big whales of the market. These price fluctuations often lead to us making errors. This will result in you placing a bad order.
This is not the case with the trading bots. Without any human emotions, these bots are in no way attached to your money. Thus, any signs of market manipulation have minimal or no effect on the functioning of the bot.
3. Increased Speed
We all take a long time to place an order. This is because we cannot work at the same speed as the machines. Because of the volatile nature of cryptocurrencies, a good trade may no longer be good if you take a lot of time in executing the order.
With trading bots, trading orders are placed instantaneously. Thus, this increased speed is a huge advantage for us.
4. Running Period
As humans, we cannot always sit in front of the computer and monitor our investments. We all need an ample amount of sleep as well. While we sleep at night, the cryptocurrency market does not.
Thus, you are missing valuable opportunity to make extra money because of this. Trading bot, on the other hand, can run 24/7. Thus, any trading opportunity is never missed and you end up profiting because of this.
Disadvantages of Using a Crypto Trading Bot
1. Not Suited for New Traders
Cryptocurrency trading bots are a great way to earn passive income all year round. However, this requires you to have a certain degree of knowledge as to what is actually happening in the background. While the preset trading configuration is good, it often does not yield the best results.
Meddling with the configuration without knowing much about the technical aspects of cryptocurrency trading might be very dangerous as it can lead to loss of all your funds. Hence, cryptocurrency trading bots are not very useful to new traders:
2. Requires Constant Monitoring
Trading bots don’t do well during high volatility. Thus, human intervention is always needed. As the bot is emotionless, it is in no way attached to your money and might end up trading successive losses and eventually lead to a large loss.
3. Security Can be a Concern
Trading bots use API keys in order to gain access to your funds on an exchange. This is not very reliable. If anyone gains hands on your API keys, you will end up losing all your funds. Additionally, most of these bots do not have a lot of security protection. Thus, are easily hackable. This is the biggest disadvantage of using trading bots.
Get the Best Crypto Trading Bot Now!
Cryptocurrency trading is a great way to generate some passive income even during a bear market. However, in order to be a successful trader, you need to have a lot of technical understanding of the market.
You can spend a lot of time understanding these technical aspects while missing out on so many trading opportunities or you can also make use of the trading bots and gain some money as well as learn a thing or two.
Now you are equipped with the knowledge to choose a trading bot for yourself. So, go out there and experiment with a few before you decide to buy the best crypto trading bot.
Summary Table for the Top Cryptocurrency Trading Bots 2021
|Trading Bot||Important Features|
|6. Crypto Trader|
|7. Bitcoin Robot|
|8. USI Tech|
My name is Lucas, I’ve been a literal crypto-nerd since 2012 and have since specialized in crypto trading bots. I’m a Computer Engineer in the day and crypto-nerd during the night. None of the info on this site should be considered financial advice.
You can reach me at [email protected].