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Best Crypto Trading Bots Compared – Top 3 That You Will Ever Need

The post Best Crypto Trading Bots Compared – Top 3 That You Will Ever Need appeared first on CoinSutra – Bitcoin Community.

Looking for the best Crypto trading bots for trading?

3commas Cryptohopper Haasonline
Crypto signals: Yes Yes Yes
Paper trading Yes Yes No
Social trading Yes Yes
Trailing Take profit Yes Yes Yes
Arbitrage bot No Yes Yes
Cloud based Yes Yes No
Mobile app Yes Yes No
Portfolio rebalancing Yes Yes
Supported exchanges High High High
Beginner-friendly (BF) or Complex (C) BF BF C
Backtesting No Yes Yes
Free Trial Get 3 days trial Get 7 days free trial Discounted 2 week trial

We all know the Crypto industry never sleeps, and if you are already a part of the cryptocurrency industry who indulges in buy/sell, here is your chance to trade like a pro.

The Crypto trading bots are the answer to all the busy and futuristic individuals who understand how bots could help them in trading.

Before we dive deep into some of the best crypto trading bots, let us understand the basics:

What are Crypto trading bots?

Crypto trading bots are an autonomous software program which automates all the manual process needed to trade.

As the crypto market is on 24*7, a crypto trading bot could help you make money even when you are sleeping.

The software works tirelessly every second to make a profit from crypto market volatility. Panic selling, greed buying are just some of the ways that turn your profitable trade into a loss.

These trading bots are designed to be emotionless, which in turn removes avoid biases and emotional risks associated with personal trading.

Depending upon the crypto trading bots and strategy you use, you could make money in bull and bear market alike.

If done right, one can automate the process of making money from crypto trading using Crypto bots.

And this is not all..

Crypto trading bots connect with your crypto exchange like Binance, Bitfinex via API, and they perform trading based on pre-defined strategies.

Concerned about funds security?

These crypto trading bots are secure as they don’t have permission to withdraw the funds. Since the API feature is available via exchange (This is easy to configure), and by default, they don’t allow fund withdrawals.

Moreover, all the bots that are listed below are time-tested and have an excellent track record.

An experienced trader can easily quadruplet their earning using a bot. At the same time, a beginner could level up the trading game by using these bots.

But do remember…

All of these Crypto trading bot tools offer free training modules, make sure you spend 1-2 hours to learn the features and how to use it properly. When in doubt, join their community on Telegram or discord and clear your doubts before you start trading with a big amount.

Are crypto trading bots profitable?

The short answer is yes and no!

If you are impatient and thinking it will always make money, well these bots are not for you.

However,

If you have patience and zeal to learn, these bots could do wonders for your financial growth.

Crypto trading bots help you in automating the most of the boring manual part, however, at the same time, they also contain inherent risk associated with any kind of trading.

The key to making crypto trading bots profitable depends upon your approach.

If you are coming from fiat/forex or commodity trading, you need to understand the crypto market is way more volatile than the usual market.

If this is the first time you are planning to trade on crypto using a bot, it would be better to do paper bot trading (I have listed the software below) or test strategy using the backtesting tool before making a live trade.

Make sure; you take time to understand the software before you increase your trading amount and start trading like a pro.

Note: In crypto-trading, invest only that amount you are ok to lose and always use stop loss to minimize the risk.

Features to look for in a crypto bot:

  • Crypto signals: Buy/sell signals
  • Paper trading to test your trading strategy
  • Copy-trading strategy of others – Social trading
  • Trailing stop loss
  • Arbitrage
  • Mobile app
  • Portfolio rebalancing
  • Price: one time or subscription Fees
  • No fees or fees on every trading
  • Supported exchanges
  • Interface: Beginner friendly or complex
  • Integration: Tradingview, Telegram Backtesting add-on

These are just some of the must-have features of a crypto-trading bot.

And now, its time to find some of the top bots for crypto trading.

Best Crypto Trading Bots for Automated Trading:

1. Cryptohopper:

Cryptohopper is the most popular cryptocurrency trading bots on the market. The company is registered in Amsterdam and has been continuously adding new trends and features since late 2017.

The interface is beginner-friendly, and you can follow some of the popular indicators like moving average, Bollinger bands to automate the trading on all popular exchanges.

The Cryptohopper lets you trade unlimited cryptocurrency pairs in autonomous mode. Cryptohopper also offers a marketplace where many pro traders sell their strategy, and you can copy them to make money.

Another highlight of the Cryptohopper is the Arbitrage bot, which lets you make a profit from the price difference of the same pair between two exchanges.

Cryptohopper has taken Arbitrage to the next level by offering sophisticated triangular Arbitrage, which helps you make money from the price difference between multiple pairs on the same exchange.

The Cryptohopper mobile app lets you monitor your trade and portfolio. If you are connecting your existing exchange account with Cryptohopper, you can set the start amount to calculate the profit accurately. This removes the point of setting up a new exchange account for your bot trading.

At the time of writing, Cryptohopper supports the following exchanges:

Popular features of Cryptohopper:

  • Paper trading
  • Trailing stop loss
  • Arbitrage trading
  • Marketplace for Templates, strategies, and signals
  • Cloud-based app
  • Mobile app to monitor your trade and portfolio
  • Drag and drop strategy designer
  • Strategy backtesting with historical data
  • 120+ indicators & candle patterns
  • Wallet scrubber

Cryptohopper Pricing and fees:

Cryoptohopper offers three plans, and the base plan starts at only $19/month. The monthly subscription ensures you are not locked in for a long time, and you can upgrade/downgrade or cancel your subscription anytime.

The seven days of free trial gives you ample time to enjoy all the premium features of Cryptohopper before you start paying.

Paypal, bank transfer, and crypto payments are supported to buy Cryptohopper subscription.

2. 3Commas:

3Commas is the idle crypto trading bot for hobbyists, enthusiasts, and professional traders. It supports all notable popular cryptocurrency exchanges, and you can trade in altcoin pair.

Another feature which makes 3commas widely popular among beginner is its paper trading feature. With paper trading, you could test your strategy before you put the real money for trading.

3commas offers a Smart trading terminal to trade on multiple exchanges (including your clients, family, or friends accounts) and enjoy the trailing take profit (TTP) feature.

Many pre-configured bots are available on 3commas. You can also create your bot. If you have never used a trading bot before, you could use 3Commas to get the hang of bot trading.

Popular features of 3Commas trading bot are:

The power of 3Commas is in its simple to use interface. You can learn more about 3commas in our earlier post:

Pricing:

3commas offers 4 plan and the existing Binance account holder can use the base plan for only $22/month. However, the best plans are advanced and Pro plan which costs about $37 and $75/month respectively.

They also offer 3 days free trial account which gives you access to all of their pro plan features.

3. Haasonline:

Hassonline is one popular crypto trading bots that work with almost 22 exchanges. However, its superpower is a variety of bots like Flash crash bots, Arbitrage bots, which helps you make money in every situation.

This is a desktop-based bot that gets easier to use once you are done watching their free bots training videos. The downloadable software is available for Windows, Linux and Mac as well.

Every bot serves a unique purpose, and for example, rather than selling your bags on loss, you could use Flash crash bot to profit from the high movement.

Watch this video to understand how Flash crash bots work:

A few of the many bots offered by HaasOnline:

  • Trend line bots
  • Advanced index bots
  • Trade bots
  • Flash crash bot

Haasonline Fees and plans:

HaasOnline accepts payment via Bitcoin only. You could save a significant amount by pre-paying for one year in advance.

They have three plans at the time of writing this guide, and you could choose any based on your requirements. You can always upgrade your subscription anytime by contacting the support.

Haasonline doesn’t offer a free trial, but they do have a 2-week discounted trial.

Use Coupon code: Moon.

Conclusion: Which is the best Crypto trading bot?

Cryptohopper is the best crypto trading bot that offers all the basic and advanced features that you will need. The features like backtesting, social trading makes it idle for hobbyist and pro traders alike.

However, since each of these trading bots has a unique interface and offers distinct features, you should try all of them. You never know which one fits the best with your trading style.

I’m also testing more bots that are around for a while and have excellent community support. Currently, these are the bots that I’m testing and will be added in the near future:

As I discover more worthy Crypto bots, I will keep updating this to make the best resource for finding top crypto bots for trading. Make sure, you bookmark this page so that you could re-visit again. If you would like to recommend any other bot, do let us know in the comment section below.

Here are a few frequently asked questions about crypto trading bots:

Which are the best Arbitrage Crypto bots:

Hassonline and Cryptohopper are two arbitrage crypto bots that you can use for arbitrage trading.

Should you use multiple crypto trading bots?

It is highly recommended that you use one bot at a time. It is best to master one bot rather than using multiple bots. However, if you want to use two different crypto trading bots, you should connect them with different exchange accounts. This way, you will be able to calculate profit, and your trade reserve amount will not overlap.

An award-winning blogger with a track record of 10+ years. An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

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The post Best Crypto Trading Bots Compared – Top 3 That You Will Ever Need appeared first on CoinSutra – Bitcoin Community.



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