Top 5 Best Cryptocurrency Trading Bots (Guide)

Ah, crypto trading bots —many are talking about them, and many are using them. Trading cryptocurrencies has become increasingly difficult, which explains the growing enthusiasm for automated trading bots among traders. In a highly volatile market like cryptocurrencies, ultimately, only a trading bot can trade effectively. It's the very tool of automated trading . Many traders—whether beginners or experienced—now use trading bots to maximize their profits.

I've done quite a bit of research on auto trading bots. It took me a long time to write this article. I therefore offer you my opinion which I also compared with other traders to give you the list of 5 best automatic trading robots.

Note: Before having a trading bot, it is necessary to be registered on an exchange platform, such as Binance for example.

What is a cryptocurrency trading bot?

First of all, remove the image of an electronic robot from your head, eh. An auto trading bot is simply a computer algorithm that uses various indicators to take positions. The robot recognizes chart patterns and automatically executes trades for you. If you have the computer coding skills, then you can even create a trading robot yourself. Moreover, in the traditional stock market, many traders used this system. It wasn't really a trading bot, but rather a set of codes to automate trades.

That said, it's difficult to be both an outstanding trader and coder. In fact, companies have made our task easier by giving us robots at our disposal. We can configure them as we wish, without any particular technical skills.

You can also trade without a machine, but clearly, it is becoming more and more difficult. You have to be fast, very fast and above all you have to be able to be behind your screen all day. It is beyond human strength.

We simply have to realize that the days when golden boys made millions on the stock market are over.

It will be man against machine. And, presumably, it is the machine that wins. Hence the exploding interest in trading bots.

Now, let's go into the details of this ranking.

1/ Bitsgap: The easiest to use

Bitsgap is a very popular crypto trading bot with a growing number of active traders using its services every day. Compatible with several trading platforms, including Binance, Kucoin, and OKX , it can be run in just a few clicks.

The bot has several different automated trading strategies that offer users a wide range of options to generate profits.

Bitsgap is a very affordable trading bot in terms of its subscription fees. This is also why it's so successful. To use it, you pay a subscription fee based on the volume of trades you make. The starting price is €25 per month with a 20% discount for annual subscriptions.

The customer support provided by the company is excellent. We tested and reviewed Bitsgap and we definitely appreciate this platform. Customers resolve their issues in less than a day. The only drawback with this bot is that you always need to keep an eye on the current market conditions.

2 / Cryptohopper: The easiest trading bot!

The Cryptohopper bot, although it appeared relatively recently, has attracted a lot of attention. He managed to bring together a lot of traders (beginners and experienced) in his wake. This is certainly due to its sleek design and the wide choice of tools that it makes available to users.

Another major reason for Cryptohopper 's popularity is its ease of use, especially for beginners. The bot also integrates an external signal generator. This means anyone can start using the bot by running it on autopilot. This is a boon for new traders, who don't have to worry about configuring trading signals for their bot.

The only downside to this bot is that it only works when your computer is turned on. In other words, if you turn off your computer, your bot will no longer be active in the markets.

That said, you can very well activate the function on the cloud so that your bot continues to trade even when the computer is turned off. This way, you don't miss any opportunities.

Cryptohopper works on the most popular exchange platforms such as Binance , Huboi, Kucoin, Bittrex, Coinbase, Poloniex, Kraken, Cryptopia and Bitfinex.

If you don't have a lot of money for an automated trading robot, then Cryptohopper is an excellent choice. You can also read our comparison article between Cryptohopper and 3Commas to get a clearer picture.

Pricing starts at $19 per month for the basic plan and goes up to $99 per month if you choose their most expensive plan, more suitable for experienced traders.

▷I made a tutorial on Cryptohopper that you might find interesting.

3/ The site 3COMMAS: One of the most complete bots

I wrote a review of the 3Commas trading bot because I really like it. 3Commas is indeed very popular among the trading community. The bot is used by both beginners and experienced traders. You can also follow and copy the bots of top traders. This is a good option for starting out because you don't need to configure the bot yourself. You can read our 3Commas review to learn more.

Furthermore, you can integrate your bot with major exchanges like Binance in just a few clicks. You can use the bot for free to make a few trades. If you want to use it continuously, then you'll need to subscribe to a monthly/annual plan. But clearly, it's worth the cost for many traders who profit using 3Commas.

4/ The platform Zignally : The most modern and linked to DeFi

It is a trading bot which is certainly the most modern of all platforms. In fact, its interface is very user-friendly and very simple to use. Although it is a new entrant in the trading bot industry, it has managed to capture the hearts of many cryptocurrency enthusiasts. Maybe you too?

In any case, I was won over by Zignaly 's ease of use . The main reason for its popularity is the transparency provided by the team during the bot's development.

Bot users can easily communicate with the bot developers in case of any issues or even offer them suggestions to add more features to the bot. In both cases, being in contact with the developers provides a feeling of trust, don't you think?

Like other trading bots, you can integrate your bot on platforms like Binance, Bittrex, Poloniex, etc.

On top of all this, the bot also allows users to implement their own personalized trading strategies. Additionally, the bot gives flexibility to the most experienced traders.

If you've never used a trading bot before, then Zignally might be just what you're looking for, as the site offers a 30-day trial. If you like it and start making profits, then the monthly plan is only $15 per month. A real bargain, perhaps?

5/ Gekko : The open source trading bot

You may have already seen the presentation page of this crypto trading bot. It is the most versatile cryptocurrency trading bot in existence today. For those who want to learn a thing or two about trading bots without having to spend money, then clearly this is the Gekko bot for you.

The Gekko trading bot is an open-source crypt trading bot project, available to anyone for free. This is also why it was very applauded when it was launched. The fact that it is free to use is the main reason for its wide popularity. Like all other open source projects, Gekko is free from almost all bugs and even those that pop are fixed at lightning speed.

Gekko can interact with several exchanges, including Bitfinex, Polonix, and BitStamp. Gekko uses an interface to interact with users and can run on a local computer running Windows, Linux, or Mac OS.

The bot comes pre-configured with a trading strategy . You can start using the bot on autopilot as soon as you install it and connect it to an exchange. However, if you prefer to use your own trading strategy, the bot also allows you to configure it as you see fit. The choice is yours.

Although the current setup is quite suitable for experimenting with the bot, there are several other trading strategies available online that would help you make bigger profits.

The only downside to the Gekko trading bot is its lack of user-friendliness. Yes, it's a bit outdated, as you can see as soon as you arrive on the homepage. There are several videos online and even articles (in English) about it . However, the setup isn't very straightforward, and you'll likely encounter a problem at least once during the initial configuration. It's designed for those who are generally comfortable with computers.

The criteria to take into account when making your choice:

1. Reliability: One of the most important aspects to consider is the reliability of a trading bot. You wouldn't want to miss a golden trading opportunity simply because your bot stops working, would you?

2. Security: When it comes to cryptocurrencies, you can't blame anyone but yourself in the event of a hack or breach. So, before you regret choosing a less-than-secure bot, make the right choice now.

3. Profitability: This is indeed a crucial factor. Before choosing your bot, make sure that other traders have profited from it. If a bot isn't profitable, then there's no point in trading at all.

4. Transparency: The bot must be transparent, period. This means you must be able to trace the trades it has made.

5. Ease of use: Often, people choose a trading bot precisely because they prefer ease of use. Therefore, this is a very important criterion. Opt for a bot that is easy to use and has a well-designed interface.

Taking all these factors into account, here is a list of the top 15 cryptocurrency trading robots in 2019, which will be constantly updated to keep the information relevant and up-to-date.

What are the advantages of automatic crypto trading bots?

• A bot has no emotions: This is a huge advantage for decision making. It is a big problem for many traders to suffer the blow of emotions. Sometimes we have intuitions, sometimes we have fears, sometimes certainties. A whole bunch of emotions that are not rational and harm traders.

• A bot doesn't need to sleep: This is the other advantage of trading bot. They trade tirelessly, without ever getting tired. While a trader can miss great opportunities because he needs to rest, a bot does not have these needs. In fact, a robot can trade 24 hours a day, without any worries. So, no need to have your eyes glued to your screen, the bot does it for you.

• A bot is faster and more precise: It makes sense, it's a computer program. A bot can detect patterns and details in a graph that are difficult for the human eye to see. In addition to being as precise, a trading robot is above all faster. Therefore, he can take positions at critical times unlike the trader.

Frankly, manual trading takes time and requires a certain amount of expertise. You don't become a trader overnight. However, you can try with virtual money accounts. Most platforms have one. This can help you test the different tools etc.

However, what you need to understand is that if you really want to make a comfortable profit, then you will have to think about a bot.

Conclusion: What is the best cryptocurrency trading bot

As long as there are perpetually moving markets (ahem, I love that term), there will always be human activity. Trading robots can't completely eliminate human presence, because they're the ones behind the setups. QED. We don't know if someone like Warren Buffett could have earned all he did in the current system. That said, even when high-frequency trading was emerging, he still claimed to be making money on the stock market.

All this to say that it's still possible to trade manually today. But if you don't want to bother with charts, indices, graphs, etc., then perhaps a trading bot would be useful. Automated trading is indeed an ideal option for many types of traders. You can read our article to learn the compelling reasons to choose a trading bot.

There you have it, you have the ranking of the 5 best bots to automatically trade your cryptocurrencies. In my opinion and according to many experts, these are the best crypto trading bots. The ideal would be to test them all to find out which one you feel best with.

Thank you for reading this top 5 best crypto trading bot!
Feel free to leave me comments below, if you think I missed a crypto trading bot, for example.

Also if you would like to have tutorials for any of the crypto trading bots, let me know!

• —-> Read the article « Ultimate Automated Trading Guild"
• —-> Know our opinion on Bitsgap

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This is not investment advice. Always do your own research before investing.

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