Top 5 Best Cryptocurrency Trading Bots (Guide)

Ah, the crypto trading bots, many talk about it and many use it. Trading cryptocurrencies the hard way has become increasingly difficult. This explains the craze for automatic trading robots among traders. In a very volatile market like that of cryptocurrencies, ultimately, only trading bot can trade perfectly. It is even the tool of automated trading. Many traders - whether beginners or experienced - are now using 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 the 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 more and more active traders using its services every day. Compatible with multiple trading platforms including Binance, Kucoin, OK, it can be run in just a few clicks.

The bot has several strategies automated trading different ones that provide users with a wide range of options for generating profits.

Bitsgap is a very affordable trading bot in terms of package. This is also why he is so successful. To use it, you must pay a fixed price depending on the volume of delays you will carry out. The first price is €25 per month with a 20% reduction per year.

The customer support provided by the company is excellent. We tested and gave our opinion on Bitsgap and we clearly appreciate this platform. Customers resolve their issues in less than a day. The only problem when it comes to this bot is that you always have to keep an eye on the current state of the market.

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 that led to the notoriety of Cryptohopp is is its ease of use, especially for the beginner. The bot has also integrated an external flagger. This means that anyone can start using this bot by running it on autopilot. This is a boon for new traders, who don't have to worry about setting up 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 exchange platforms the most popular like Binance, Huboi, Kucoin, Bittrex, Coinbase, Poloniex, Kraken, Cryptopia and Bitfinex.

If you don't have a lot of money to have an auto trading robot, then Cryptohopp is is an excellent choice. You can also read our comparative article between cryptohopper and 3commas to get a more precise idea.

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 realized a tutorial on Cryptohopper which may certainly interest you.

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

I had written a 3Commas trading bot review I really like this bot. 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 bot of the best traders. This is a good option to start with because you don't need to configure the robot. You can read our opinion on 3 commas to know more.

Additionally, you can integrate your bot with major exchanges like Binance in just a few clicks. You can use the bot for free to make some trades. If you want to use it constantly, then you will need to subscribe to a monthly/annual subscription. But, clearly, it is worth the cost for many traders who gain from 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 seduced by the ease of use of Zignally. The main reason for its popularity is the transparency provided by the team during the development of the bot.

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 have never used a trading bot before, then perhaps, it is Zignally that you need because the site offers a 30-day trial version. If you like it and are making money, then the monthly plan is only $15 per month. A godsend 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 with an exchange. However, if you want to use your own trading strategy, the bot also allows you to configure it as you wish. It's up to you.

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 of the Gekko trading bot is that it is not very user-friendly. Yes, it is a bit old as you can see as soon as you arrive on the home page. There are several videos on the internet and even articles (in English) on the subjectt. However, the setup is not very simple and you will probably encounter a hurdle at least once during the initial setup. It's made for those who have no problem with computers in general.

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 lose a golden trading opportunity just because your bot stopped working, would you?

2. security: When it comes to cryptocurrencies, you can't blame anyone but yourself in the event of a hack or hack. So, before you bite your fingers because you have chosen a bot that is not very secure, make the right choice straight away.

3. Profitability:  This is indeed a primordial factor. Before choosing your bot, make sure other traders have won with this bot. If a bot is not profitable, then you might as well not trade at all.

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

5. Ease of use:  Often, we choose a trading bot precisely because we prefer ease. So, this is indeed a very important criterion that comes into play. 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 markets in perpetual motion (um, I love the term), there will always be human activity. Trading robots cannot completely eliminate human presence, because they are the ones behind the setups. QED. We don't know if a guy like Warren Buffet could have earned everything he has earned under the current system. That said, even when the high frequency trading appeared, he claimed to be winning on the stock market, all the same.

All this to say that it is still possible to trade manually today. But, if you don't want to bother with curves, indices, charts etc, then perhaps a trading bot will be useful to you. THE automated trading is indeed an ideal option for many profiles. You can read our article to know the good reasons to opt for a trading robot.

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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