Free Trading Education!
Free Demo Account!
Big Sign-Up Bonus!
Good Choice For Experienced Traders!!!
Profit Trading Bot
The app is a full exchange quick client with the following FREE sections.
BUY AND SELL CLIENT
Buy and sell any currency in Bitcoins with a quick and easy to use interface. Designed to make trading easy, you will love it. Buy and sell Bitcoin (BTC) with USDT. You can trade in any market of your exchange (BTC, USDT, etc.)
A full list of all the currencies in your wallet with their BTC and FIAT equivalences and the total Bitcoin amount. The best place to control your cryptocurrencies.
CHECK OPEN AND CLOSED ORDERS
A complete list of all your open and closed orders, with creation and filled date.
Full chart of each coin, with prices and volume history with time range customization. This is a must tool for trading. You can also track BTC realtime chart.
Manage your hodl signals and track your benefits, coin buy price, amount, coin last value, signal date and coin increment. Add signals directly from your bought orders in Orders section or place them manually with the coin selector. Every signal has a direct access to its detailed chart.
Check the trending markets with most benefits in last 24h. Order them by increment, price or name.
TRADING BOT FEATURE
Get profits with conditional orders using TradingBot. Configure the market, the coin and the buying and selling prices and let the bot place the orders for you, so you just have to wait and get your profits. Place an optional stoploss to be able to control disadvantage market conditions. Get the ability to trade with coins that you don’t even own yet!. Now with TRAILING STOP orders!
*Trading Bot available for all exchanges except Yobit
This is used to get money from the fluctuation of a coin. There are many coins that go up and down many times a day. Let’s see it with an example:
Imagine BTC-USDT is getting that behavior, lets say it’s price is 3737,24 but is fluctuating from 3600 to 4000 several times. To get profit creating the orders by yourself, you would have to do the following:
1. Create a BUY order for 3600.
2. Wait until this order is filled. You should have to check by yourself several times if the BUY order is filled.
3. Once the order is filled, place a SELL order for 4000.
4. Wait for the sell order to be filled.
Free Trading Education!
Free Demo Account!
Big Sign-Up Bonus!
Good Choice For Experienced Traders!!!
With the trading bot, you configure a BUY order for 3600 and a SELL order for 4000 and don’t do anything else. It’s important to say that the bot lets you create a SELL order with coins that you don’t even own yet (as you haven’t purchased it at the start of the process). So you can configure it and go to sleep or whatever without you have to enter several times to check your BUY order have been filled to place the SELL order. The bot also works with the app closed.
Apart from this you can also configure a STOP LOSS option to limit your loses if the market goes against you. Even you can skip the first step if you only want to place a sell at profit with stop loss
TRADING BOT OPERATIONS EXAMPLES
These are some of the operations you can configure with the bots, possibilites are infinite! You can create up to 25 concurrent bots.
18 Best Bitcoin Trading Bots (2020 User Guide)
Welcome to the BitcoinExchangeGuide.com best bitcoin trading bots overview for 2020.
We put together a valiant effort into reviewing all of the top automated cryptocurrency trading systems currently available for investors to use and decide which is right for you.
Once upon a time, it was well-known that trading is the life blood of markets. And since the blockchain era is dawning before our eyes, the ability to transact within the global economy is a 24/7/365 endeavor and shall remain that way indefinitely given the nature of invaluable elements bitcoin brings to the world’s financial infrastructure as programmable money.
Simply put, people, in this case, investors, would rather have opportunity over charity. And with an ever-increasing number of cryptocurrency-related platforms emerging in this booming sector, combined with the non-stop day to day price movements and volatility, it can leave most part-time and full-time day traders frustrated to compete. Whether a lack of knowledge, insight or timeliness ultimately required to make magic happen within the market, humans are full of emotions, biases and prone to miscalculations that can jeopardize results.
Bitcoin investors are familiar with the need to be on their toes whenever they want to have a growing portfolio and enhance their profit to loss ratios. Unlike the regular stock markets, the cryptocurrency market never sleeps and as a trader, this presents a highly stressful situation for investing within the industry.
Fortunately, the development behind most of today’s highly-sophisticated, automatically-executing, self-configurable bitcoin trading bots reviewed below have came along way.
The top crypto coin trading software systems available can provide investors with a legitimate edge and more viable option to optimize their time, effort and resources to not only generate a passive income but protect your investments using ‘artificial assistance’.
Due to the completely-customizable, granular control most of the reputable bitcoin-based trading bot software setups offer, it’s becoming increasingly difficult to determine which bot solutions can be trusted and which are best avoided. And because so many traders already rely on robots to perform automated trades around the clock, many investors can be at a disadvantage to begin with by trying to compete with artificially-intelligent trading robots.
The key to unmasking why automatic bitcoin investment robots work is because of how they are programmed to win at a bunch of micro-trades or have the ability to step out of any trade depending upon risk tolerance and marginal timeframes, or even long-term belief in the coin of your choice to ‘hold’ despite recording losses on a live trade. Most, but not all, will offer a range of known technical indicators, pre-built algorithms and chart tendency analysis.
Now that we have laid the foundation on bitcoin trading bots, the rest of this 2020 user guide will come in a 3-part series to help you make an informed and education decision when selecting from the list assembled below. First we will review the 18 best bitcoin bot systems, then talk about the human vs robot trading aspect followed up by how important trading bots are to bitcoin’s emerging cryptocurrency market.
Enjoy learning about the features, tools and functionality of each of the crypto trading bots so you can trade like a professional and take your game to the next level. Make sure to read about the risks and safety of syncing up your bitcoin bot of choice with your personal cryptocurrency exchange accounts.
Top 18 Rated Bitcoin Trading Bots for 2020
As with any automated system, it’s important to perform your due diligence and assess the potential costs and benefits of using bots for financial transactions before getting started.
Crypto World Evolution (CWE) 2020 Overview
Crypto World Evolution has recently come to light as a top performing auto trading bots. We covered the whole bitcoin trading bot review side of the software in another post you can find here: Crypto World Evolution and a report that came out regarding legality of using bots, you can see here: CWE Howey Test.
Why did we put it to number 1 of the best bitcoin trading bots? What we like about Crypo World Evolution is the fact that you aren’t putting money into a system that you have no control over. With CWE, you leave the money in your exchange account (Binance, Bittrex, Okex, Hitbtc) and the bot does the trading via API access. You can leave the “Allow Withdrawal” option off so that it doesn’t have access to your cryptocurrency.
We recommend using Binance since their API allows you to select which altcoins you want the bot to trade against. The other 3 exchanges they are working on getting API access to selecting which coins. CWE trades via Bitcoin (BTC) only. So you will need to fund your account with BTC and let the bot know exactly how much it can trade with. Then pick at least 15 altcoins that you want the bot to trade for.
On average, each trade is worth .01 BTC – So if you tell it to trade up to .1 BTC it will open up 10 trades simultaneously. The Bots algorithm tells it to hold a trade open until it reaches 1% or greater depending how the market looks. Open trades stay in a state of “pending” until it reaches the desired level to sell off or if you manually click “Sell” yourself.
You are still in full control, which is why its at the top of our list.
With the market being as volatile as it is, your bot may make several trades per day or it may not make any. We recommend selecting 15 coins that you have done research on and would trade for if you were doing it yourself. The CWE bot will keep opening new trades until you tell it to stop. We have seen trades close at 1% to 10% but on average we saw close to 2%. Which is great considering you aren’t sitting there watching the charts.
Haasbot 2020 Overview
The Haasbot automated trading solution is one of the more popular Bitcoin trading bots available, and removes a significant amount of legwork from the trading process. Haasbot, like most of the other bots on this list, integrates with all major exchanges and offers the unique benefit of candlestick pattern recognition capabilities. As the price of Haasbot ranges between 0.12 and 0.32 BTC per three-month period, users of the bot must be fairly committed to extracting a significant ROI from it.
The world of cryptocurrency never sleeps. Unlike the typical trading markets where there is a specific cutoff time, with digital currency it continues to work while we sleep. This makes it very difficult to keep up with the market and the crypto world. For traders this ensures sleepless nights toiling over endless charts. After all, in the digital world, you have to work like a machine to keep up and there are several traders with horror stories of missing that golden opportunity because they had to sleep.
In the digital world, the window of profitability is narrow. A trader has but a few moments to jump on a trade or risk losing it. All this, of course, causes stress that ultimately affects their decisions on and off the market. These things happen on a daily basis for a skilled and knowledgeable trader. But what if you are completely new to the game? What if you are an investor looking to get into this crazy world of cryptocurrency?
The knowledge and know how to make trades comes with trial and error. There are some who fork over thousands to learn the skills to become cryptocurrency traders while others take a practical approach and watch from others. The thing is though, cryptocurrency trading is a game. And the game is to make money. No one wants to lose money due to bad trades. But those just coming on the platform don’t have anyone to learn from. The gurus and financial advisors always keep their best secrets to themselves. They don’t want to give away too much and have you beat them. That is where Trading bots come in.
For many professional traders down to the newbies fresh on the scene, a trading bot can mean the difference between winning and losing. Basically a trading bot is a computer program that uses codes and algorithms. The bots are set to analyze cryptocurrencies and where they go either up or down.
These nifty programs are perfect for the beginner trader. Because their systems go over data that could be easily missed by a new trader. The upside to trading bots is that they are computers that can handle working 24/7 and stay on top of the cryptocurrency market when mere humans have to sleep and do other human things.
However, relying on a trading bot can be risky. After all, the data collected is sometimes unreliable and inconsistent. But there are a few bots out there that can show positive results and help any investor make some serious cash.
HaaSOnline Automated Bitcoin Investment Software
The HaaS trading bot was conceived in January 2020 by none other than Stephan de Haas. The company HaaSOnline Software has been around since the 90s and has a ‘flagship’ product known as the HaasOnline Trade Server (HTS). The HTS is a cryptocurrency trading system that was designed to automate trades and is in its third revision.
The HaaSbot, the newest auto trading software has been revised twice and is set to be released in 2020 as 4.0. Although, this new updated version does have some drawbacks. One is that it can’t access some exchanges. However, the people at HaaS are on the job to fix that problem.
On the plus side though, HaaSbot is supported on Windows, MacOS, and Linux. In order to run the bot though, your computer will need 1.2 GHz or higher and at least four cores to function properly. Also, you will need at least 2GB of memory space along with an internet connection that is super-fast or at least 5mbit download speed.
HaaSOnline Trade Software has fifteen bots to choose from depending on how much you want to spend on the software. These are also broken down by how often you trade. For the most basic you will want to look at HaaSbot 3.0.
HaaSbot is the most widely used trading system. It offers the ability to configure all sorts of trades from the most simple to the complex strategies used for trading. Other popular bots from HaaSOnline are Index Bot, The Accumulation Bot, Flash Crash Bot, Email Bot, InterExchange Arbitrage Bot, Order Bot, and Intellibot Alice.
Each of these bots can be set to your specification. So whether you want to set pre-defined orders with Order bot, or set orders based above or below a base price.
With so many features of HaaS Bot, you are sure to find a system that works for you. The company offers packaged plans suited for every trader. You can get a package for three months or twelve. Or somewhere in between. Plus, their price plan is also affected by the kind of trader you are. You have the option of getting a beginner plan to advanced plans.
The cost for a basic beginner plan for 12 months is 0.12 BTC. But for the basic simple plan for the hobbyist, you are looking to spend 0.02 BTC. For the more advanced trader, you are looking at spending a whopping 0.32 BTC for the 12-month package.
When it comes to finding a bot that works for you, there are a lot of variables to consider. You want one that will be reliable and trustworthy that won’t break the bank. After all, you will need funds to trade with so why spend all your money on a bot? But the advantages of having one, to some are worth the cost. Ultimately though the choice is yours.
So, is HaaS Bot worth the price? Yes. For anyone seriously looking to trade cryptocurrencies, you need a program that will keep up with the never-ending data streaming in. You want one that you can set and forget. HaaS Bot with all the bells and whistles is a sure fire way to stay ahead of the game and get a little shut-eye.
3Commas 2020 Overview
3Commas is a popular bot that allows its users to trade on multiple exchanges automatically. It supports BitFinex, Bittrex, Bitstamp, Binance, GDAX, KuCoin, Poloniex, YoBit, Huobi, and Cryptopia. Additionally, it is very easy to use and navigate, and users can see all of their trades, and have access to additional features, like trailing stop losses, copy trading, automated mean-reversion trades, and alike.
Finally, its traders can set up a model portfolio, analyze it and test it, so that their portfolio composition would be perfected. Its price can be anywhere from $30 to $100, depending on the number of features. 3commas, found online at 3commas.io, is a trading platform that helps you make smart trades on multiple exchanges through a unified interface. Find out everything you need to know about 3commas today in our review.
What is 3commas?
3commas claims to help you “automate your crypto trading and learn from the best traders” through an easy online account. The core 3commas platform features a smart trading terminal that comes with trading bots and portfolio management tools. Users are encouraged to deposit money, then allow the system to make trades on their behalf. Slogans like “increase profits” are spread throughout the 3commas website, leading users to assume they can make money by allowing the system to make automated trades.
3commas also offers more than just crypto bots. The platform also allows you to access multiple exchange accounts from a convenient online platform, setting up advanced trades like trailing stop-loss and take-profit orders, even on exchanges that would not typically allow those trades.
Access to 3commas requires a monthly subscription. Subscriptions range in price from $30 to $100 per month, depending on which features you want.
Plenty of other trading bots claim to maximize your crypto trading returns. Does 3commas really work? Or is this yet another over-hyped trading bot plaform?
Let’s take a closer look at how 3commas works.
How Does 3commas Work?
You can register for 3commas.io for free using your email ID and a password. Then, you’ll be able to see the 3commas dashboard, where you can track your balance, prices, and other information.
Over time, 3commas has continued adding to its list of supported exchanges. Today, 3commas supports Bitmex, Bittrex, Binance, Bitfinex, Bitstamp, KuCoin, Poloniex, HitBTC, Cex, Coinbase Pro, OKEX, Huobi, and Yobit.
You can connect all of the above accounts to your 3commas account, then make trades across all accounts from a simple, unified interface. From a single dashboard, you can make trades on Bittrex and Bitfinex without needing to login to multiple platforms.
3commas allows you to make traditional trades, buying one currency and selling another.
Or, you can setup more advanced trading types, including stop-loss and take-profit orders. 3commas even allows you to setup these advanced orders on exchanges that don’t currently support them. If one of your chosen exchanges does not support trailing stops, for example, then you can setup trailing stops to 3commas to add trailing stops to that account.
Other key features of 3commas include notifications for order conditions (including whether or not your order was filled). There’s also a trader’s journal that collects all of your trading activity across all exchanges into one convenient notebook.
3commas also allows you to copy or follow traders directly through the platform. Do you want to replicate the success of the best crypto traders? You can do that with 3commas, which lets you track or copy trades with a single click.
All of the 3commas features can be accessed through any ordinary web browser on a desktop or mobile device. There’s an iOS app available, although an Android app is currently under development.
3commas Bitcoin Trading Bot Features
Key features available through 3commas include all of the following:
Open Multiple Trade Orders Simultaneously: 3commas allows you to maximize profits by opening a trade and planning both stop loss and take profit orders simultaneously. That means you can establish a price point where you absolutely wish to sell and take profit, as well as a price point where you absolutely wish to sell and stop your losses. Setup these trades from directly within the SmartTrade terminal.
Trading Bots: 3commas has three broad types of bots available, including simple bots, composite bots, and Bitmex bots. You can setup long bots using TradingView signals. Or, you can choose from multiple timeframes and use a ‘composite’ signal. There are short bots, bots that use the QFL method, and other bots that can be customized based on your unique trading strategies.
Mobile Apps: 3commas has a mobile app available for iOS, with a mobile app for Android actively in development and expected to be launched in the near future.
Advanced Order Types: 3commas lets you setup advanced order types, including contemporary stop-loss and take-profit orders as well as trailing stop-loss and take-profit orders. One of the helpful things about 3commas is that users can setup these advanced orders even on exchanges that do not currently support them. If you have grown frustrated with the lack of advanced orders on certain exchanges, then you can connect your account to 3commas to create those advanced orders.
Trader’s Diary: Want all of your crypto trades organized in one place? Some traders use an Excel document or dedicated accounting software. 3commas takes a different approach with its trader’s diary, which collects all of your trades across all exchanges into one convenient location. The trader’s diary notes the date and time of the trade, the exchange on which the trade took place, the price of the currencies at the time of the trade, and the gain or loss since you made that trade. There’s even a ‘Notes’ section that allows you to make special notes about each trade.
Portfolio Follow / Copy: Want to replicate the success of popular traders? 3commas has a portfolio follow / copy feature that allows you to track the trades of a specific trader. You can follow the trades, then choose whether or not to implement them in your own portfolio. Or, you can allocate a portion of your portfolio towards copying the trader’s movements. 3commas also lets you track how various traders have performed over time, helping you choose the best trader based on the trader’s real returns over the last 1, 6, or 12 months.
3commas offers three different pricing options, including Starter, Advanced, and Pro. You pay a specific amount per month, although you will also pay an additional commission of 0.25% on certain trades, including Smart Trade (Buy) and Smart Trade (sell) orders, which means most trades you make through the 3commas will be charged a fee of 0.25%, along with whatever additional fees are charged by the exchange you use (typically between 0.1% and 0.5%).
Starter ($29 for 1 Month, $145 for 6 Months, or $290 for 12 Months)
- Access to 3commas Smart Trading terminal
- Unlimited number of exchanges
- Notifications for errors and cancelations
- No trading bots
Advanced ($49 for 1 Month, $245 for 6 Months, or $490 for 12 Months)
- Access to 3commas Smart Trading terminal
- Access to simple bots
- Custom TradingView signals
- Portfolio management
Pro ($99 for 1 Month), $495 for 6 Months, or $990 for 12 Months)
- Access to 3commas Smart Trading terminal
- Access to simple bots, composite bots, and Bitmex bots
- Custom TradingView signals
- Full portfolio management
Enterprise (Price on Request)
- Access to 3commas API
- Addition of custom features by request
- Priority support
The 0.25% commission is only charged on money you deposit within your 3commas account. IT is not charged on money deposited with any exchange. When you join 3commas for the first time, you will receive a signup bonus of $10, and that signup bonus can be used to cover commissions. The commission will be deducted from your account upon completion of the trade.
Who’s Behind 3commas?
3commas is a Toronto, Canada-based company founded in 2020.
The official 3commas website lists about a dozen individuals involved with the team, including links to their LinkedIn profiles. Key members of the team include Victor Cucoz, Mikhail Gavrilov, Yuriy Sorokin, and Dmitri Kuznetsov.
Although 3commas is based in Toronto, only one of the employees lists a Toronto location on their LinkedIn profile. All remaining employees are based in Russia. Overall, the vast majority of 3commas seems to be run by Russian developers and finance specialists, although 3commas only lists a location in Toronto.
3commas is active on social media. The company has approximately 3,000 users in its Telegram channel. Updates are also regularly posted to the 3commas Facebook and Twitter profiles.
3commas is a crypto trading management platform available online at 3commas.io. The platform connects with some of the world’s most popular exchanges, allowing you to create advanced order types on exchanges like Bitmex, Bitfinex, Bittrex, and Coinbase Pro. You can open a trade and plan both stop loss and take profit orders simultaneously, for example, even on exchanges that don’t support them.
3commas is available today through 3commas.io as well as through an iOS app.
Cryptohopper 2020 Overview
What is CryptoHopper?
CryptoHopper is a crypto trading platform based on cloud technology that can be setup to make trades on your behalf based on technical indicators. This means that it can keep trading even if your computer is turned off. Traders who have experience can use a manual approach, and use technical indicators for configuring the bot.
Additionally, the bot also has external signalers, which can allow new traders to let their bot do the work itself, as per recommendations from trusted third-party sources. The bot offers a wide variety of other features, and the price of subscription can go anywhere from $19 to $99, depending on how many features the user wants. Find out how it works today in our review.
CryptoHopper promises to be “the most complete automated cryptocurrency trading software” available today. Using features like a trading strategy designer, automatic trading robots, and copy trading, CryptoHopper has carved a niche for itself by offering a reputable, quality trading platform in an industry that sorely needs it.
The main goal of CryptoHopper is to make advanced automated trading as simple as possible. Thanks to CryptoHopper, advanced trading strategies are no longer reserved for those with eight monitors and a computer science degree. CryptoHopper lets ordinary users access the same advanced trading strategies through a conventional trading interface.
The name CryptoHopper comes from the idea that you setup your “hopper” to jump between exchanges, making trades based on unified trading strategies. CryptoHopper will make trades on your behalf at one of 12 major exchanges.
How Does CryptoHopper Work?
Similar to other unified crypto trading platforms, you can connect your crypto exchange accounts on Binance, Bittrex, and other major exchanges to CryptoHopper, then make trades directly on those exchanges from within CryptoHopper.
Unlike other unified crypto trading software, however, CryptoHopper does not charge additional fees. Some of CryptoHopper’s competitors charge trading fees of 0.25% on top of any exchange fees. CryptoHopper does not charge any fees aside from its subscription fees.
Once you have added your crypto accounts to CryptoHopper, you can begin making advanced trades, including stop loss, trailing stop loss, auto close, and DCA trades. CryptoHopper has 120+ indicators and candle patterns from which to choose, allowing you to seamlessly implement a trading strategy across accounts on multiple exchanges.
The CryptoHopper layout will be familiar to anyone who has used a conventional trading platform or crypto trading website. All the main features are shown in one place. You can scroll through your positions, history, states, and marketplace with ease.
Users can also choose from 30+ signal groups from around the world. Intelligent algorithms help you feed your signals, giving you unique insight that allows you to buy on-the-rise coins before the rest of the world discovers them.
CryptoHopper offers 80+ indicators and candle patterns as well, making it easy to craft an expert strategy that your hopper will follow at all times. You can customize your CryptoHopper experience extensively based on whatever trading strategies you wish to pursue.
Want to buy or sell top trading strategies? CryptoHopper has a marketplace where you can buy and sell top templates and strategies. Users who are good with technical analysis, for example, can sell their templates and strategies on the marketplace for added profit.
You can also use CryptoHopper for mirror trading, copying the trades of other successful traders and feeding those strategies directly into your own hopper.
Another nifty feature with CryptoHopper is that you can access all of the above features without using any of your real money. You can use ‘play crypto’ to implement strategies, for example, implementing real CryptoHopper data and exchange rates. Once you have built your skills and confidence using play money, you can start making real gains with real money.
Finally, we also appreciate that CryptoHopper supports most major exchanges, including Huobi, Binance, Poloniex, Bittrex, Coinbase Pro, Kraken, Bitfinex, Kucoin, and more.
CryptoHopper’s core features include all of the following:
Unified Trading Platform: Add all different crypto exchange accounts to a single platform, then implement unified strategies across all accounts. CryptoHopper not only has a great UI, but it also gives users access to advanced signals, technical analysis, and more, even on the most basic subscriptions.
Strategy Designer: Build a trading strategy using 130+ CryptoHopper indicators and candlestick patterns using the strategy designer. Then, load your strategy into the hopper and trade 24 hours a day, 7 days a week. If your strategy is successful, you can even sell it for profit on the CryptoHopper marketplace.
Paper Trading: Not ready to invest real money into crypto trading? Take advantage of CryptoHopper’s paper trading feature, which allows you to mess around with “play money” before depositing real funds. Create a strategy that works for you. Then, once you’re confident it works, you can deposit your real money.
Automatic Trading: Setup CryptoHopper to trade coins automatically on a dozen different major exchanges, 24/7. Setup a system that identifies the best rising coins before the rest of the world discovers them.
Mirror Trading: CryptoHopper lets you download strategies or templates to discover what the world’s leading analysts are doing to maximize profits. Real-time updates can be sent directly to your bot, allowing you to copy the trades of leading analysts.
Shorting: Short sell coins using CryptoHopper on any exchange, taking advantage of a falling market to capture profits.
Trailing Stop-Loss: CryptoHopper lets you implement trailing stop loss (TSL) and other advanced trading orders into any exchange, even the ones that don’t specifically support it.
Simple Layout: CryptoHopper has a simple, well-designed dashboard that will be familiar to anyone who has used crypto trading websites or trading software in the past.
Signals: Choose from 30+ signal groups from around the world, using intelligent algorithms and advanced tech to feed your CryptoHopper signals and buy rising coins.
Marketplace: Buy and sell templates and strategies on the CryptoHopper marketplace. Users who are good with technical analysis, for example, can earn more than just their trade gains, selling their analysis systems to maximize profits.
Supports Most Major Exchanges: CryptoHopper lets you connect crypto trading accounts from Huobi, Binance, Poloniex, Bittrex, Coinbase Pro, Kraken, Bitfinex, KuCoin, and Cryptopia. An additional three exchanges are listed as ‘coming soon’, including HitBTC, CEX.io, and Cobinhood.
CryptoHopper is available at a variety of different price points, including a free 7 day trial. Paid subscriptions range from $19 to $99 per month.
Free Trial (Free for 7 Days)
- 80 positions
- Maximum of 15 selected coins
- Maximum of 2 triggers
- Technical analysis every 10 minutes
Explorer Hopper – Beginner ($19 Per Month)
- 80 positions
- Maximum of 15 selected coins
- Maximum of 2 triggers
- Technical analysis every 10 minutes
Adventure Hopper – Medium ($49 Per Month)
- 200 positions
- Maximum of 50 selected coins
- Maximum of 5 triggers
- Technical analysis every 5 minutes
Hero Hopper – Pro ($99 Per Month)
- 500 positions
- Maximum of 75 selected coins
- Maximum of 10 triggers
- Technical analysis every 2 minutes
- All coins for signals
All CryptoHopper accounts also includes some common features, including 0 additional trading fees from CryptoHopper; buy settings, lower bids, cooldowns, and trailing stops; settings like stop loss, TSL, auto close, and DCA; personal and global trading stats; 120+ indicators and candle patterns; syncing, tracking, selling, and manual buys; paper trading practice with play money; and strategy backtesting with historic data.
Who’s Behind CryptoHopper?
CryptoHopper was founded by two brothers. Prior to becoming interested in crypto, one brother worked as a day trader while the other brother was a web developer. The two teamed up to build a crypto trading robot on a Raspberry Pi using a 3D printed case. That machine became the first CryptoHopper. Eventually, the two decided to create a platform dedicated to implementing those trading strategies. That platform is CryptoHopper.
CryptoHopper is based in Amsterdam. The company was founded in 2020.
CryptoHopper is a crypto trading platform that aims to bring transparency and quality to an industry that sorely needs it. While other crypto trading platforms lure users with “maximum gains”, CryptoHopper simply presents the tools available to customers, then allows them to create a customized trading experience using powerful features like the strategy designer, which allows you to implement 130+ signals from 30+ different signal groups worldwide. Or, copy the trades made by advanced traders.
You can setup your CryptoHopper account to connect with accounts on a dozen major exchanges. Then, you can implement advanced trades and trading strategies across all of those accounts simultaneously. CryptoHopper doesn’t charge additional commissions (beyond the ordinary trading fees charged by exchanges). Instead, you just pay a monthly subscription fee ranging from $20 to $100 per month.
A free 7 day trial of CryptoHopper is available to all new customers. Visit CryptoHopper online today to learn more.
Pro Crypto Bots (Goldman Bot) 2020 Overview
Pro Crypto Bots, found online at ProCryptoBots.com, is an automated crypto trading platform that claims to maximize profit and minimize risk for all crypto traders. Find out how it works today in our review.
What is Pro Crypto Bots?
Pro Crypto Bots is a crypto trading platform that uses Fibonacci trading bots to give users “incredible opportunities to grow your crypto investment with minimal risk, even during volatile market conditions,” explains the official website.
Similar to other crypto trading platform websites, which promise enormous returns with minimal risk, Pro Crypto Bots seems to make grandiose statements about its effectiveness, saying things like the following:
“Incredible overall accuracy – high time-frame bots have 60-70% of trades generating positive returns. Lower time-frame ETH bot has lower accuracy but builds faster ROI, with over 700% ROI in 5 months.”
Pro Crypto Bots seems to attempt to dazzle users with stories of users earning enormous returns by implementing their trading strategies. They even claim that users can grow their accounts “even if prices go down” because “our bots work on crypto futures.”
Many other crypto trading platforms promise huge profits with minimal risk. Does Pro Crypto Bots actually deliver? Or is this yet another over-hyped crypto trading robot platform with few real results? Keep reading to find out how Pro Crypto Bots works.
How Does Pro Crypto Bots Work?
The crypto trading robots on Pro Crypto Bots claim to be “the most sophisticated trading algorithms available on the market today.” The algorithms were developed by trading bot veteran @Fibonacci30. Thanks to Pro Crypto Bots, users can access these trading bots and enjoy “incredible opportunities” to grow their crypto investments “with minimal risk.”
Essentially, here’s how Pro Crypto Bots works:
- You sign up for the website
- You implement one of several different trading bots
- You allow those bots to make trades on your behalf, buying and selling your currencies based on signals and the algorithms of the bot
That’s it! Using these basic strategies, you can enjoy easy profits with minimal risk – at least according to the Pro Crypto Bots team.
Pro Crypto Bots currently offers two bots with full automation included, including a bot for Ethereum (ETH/USD) that operates on a 2 hour timeframe, and another bot for bitcoin (BTC/USD) that operates on a 4 hour timeframe. Both bots use bitcoin as collateral, with profits paid in bitcoin as well.
All trades take place through Bitmex or Deribit. Unlike other crypto trading platforms, Pro Crypto Bots doesn’t allow you to connect accounts from multiple crypto exchanges. Instead, the platform only works with Bitmex or Deribit, both of which are known for offering bitcoin futures contracts – including perpetual futures.
All you need to get started is your own Bitmex or Deribit account and some bitcoin. Pro Crypto Bots recommends you have a minimum of 0.5 BTC before signing up for a subscription, although it’s not required.
Pro Crypto Bots Features
Easy Setup: Pro Crypto Bots is surprisingly easy to setup. The developers have taken steps to make installation as painless as possible. After you make your first subscription payment, Pro Crypto Bots can be setup in minutes.
Hosted by Amazon Web Services: Another unique thing about Pro Crypto Bots is that the automation platform doesn’t actually run on your PC, which is how other platforms work. Instead, Pro Crypto Bots runs its automation through Amazon Web Services (AWS). That means you don’t have to keep your browser window open 24/7 to make trades.
Discord Support: Pro Crypto Bots has a community of 200+ subscribers as of March 2020. If you sign up for Pro Crypto Bots, you’ll gain access to this community.
Encrypted: All exchange API info you exchange between Deribit, Bitmex, and Pro Crypto Bots is encrypted and performed via https. Additionally, Pro Crypto Bots claims that it will never ask for your identity and never share your info with anyone.
Buy and Sell Crypto Futures: Pro Crypto Bots works with two of the largest bitcoin futures markets on the planet, including Deribit and Bitmex. That means you can grow your account with Pro Crypto Bots even if prices go down. “Since our bots work on crypto futures,” explains the official website, “your account can continue to grow regardless of the direction of price movement.”
Full Automation: Pro Crypto Bots has fully automated its platform by partnering with a third party called CryptoBotsHub.
High Returns: Pro Crypto Bots makes a big deal out of its high returns, claiming to deliver “incredible overall accuracy” through trading bots that “have 60-70% of trades generating positive returns.”
Two Bots Avaialble: Pro Crypto Bots currently offers too fully automated bots, including an Ethereum (ETH/USD) bot and a bitcoin (BTC/USD) bot. Both bots use bitcoin as collateral, with all profits paid in bitcoin.
Pro Crypto Bots Pricing
Pro Crypto Bots has just one pricing model and one subscription plan:
Fibonacci Bot Membership with CBH Automation: $350 per month
You can buy your subscription using PayPal. No other payment options are available.
Pro Crypto Bots also offers a free 14-day trial. However, you need to authorize a PayPal payment in order to begin your free trial. If you cancel your subscription before the 14-day trial period, then your PayPal will not be charged.
Pro Crypto Bots is not available to U.S. residents because Bitmex and Deribit have both banned U.S. residents. However, we have found various Pro Crypto Bots promoters online telling users to use a VPN to avoid this drawback, and Bitmex and Deribit both have relatively lax KYC policies.
Who’s Behind Pro Crypto Bots?
We cannot find any information about who’s behind Pro Crypto Bots. The website, ProCryptoBots.com, does not feature an ‘About Us’ page or any additional information about who’s running the platform.
A WHOIS lookup tells us that the domain was registered on September 17, 2020. The domain is registered under Tucows, a Toronto-based domain name registration service.
Pro Crypto Bots appears to have some connection to Crypto Bots Hub, found online at CryptoBotsHub.com. That company also has limited information about itself available online, however.
Overall, there’s a significant lack of transparency over any aspect of Pro Crypto Bots, including who’s running the service, where they are based, or what they are doing with your money. The lack of transparency is unusual for a service charging $350 per month.
The only other ‘clue’ we can get regarding Pro Crypto Bots comes from the people who promote it online. One of the main people promoting Pro Crypto Bots is a man named Will Hatton, who runs ‘The Broke Backpacker’ at TheBrokeBackpacker.com. Hatton published several thousand words advertising how Pro Crypto Bots was a great way to “passively grow your portfolio” and “increasing your wealth”.
Pro Crypto Bots is also connected to an anonymous user named @Fibonacci30, who has developed various Fibonacci trading bots online. Again, it’s not totally clear what the connection is between @Fibonacci30, Will Hatton, and the Pro Crypto Bots team.
Pro Crypto Bots is a cryptocurrency trading platform that offers two different crypto trading algorithms developed by @Fibonacci30. The algorithms claim to help users maximize profit with minimal risk, helping to grow your portfolio by trading BTC/USD and ETH/USD futures on Bitmex and Deribit.
Overall, there’s limited information about Pro Crypto Bots available online, making it difficult to fully understand the trading platform. However, you can learn more about Pro Trading Bots today by visiting the service online at ProCryptoBots.com, where you can decide for yourself whether or not it’s worth $350 per month.
Gekko 2020 Overview
Gekko is a unique trading bot in that it is completely open source and can be found on Github. Unlike BTC Robot, which doesn’t provide a clear explanation of how it works, Gekko is completely programmable, and allows users to define their own automated investment strategies.
It’s possible to use Gekko to aggregate live market data, calculate indicators, execute live orders, simulate order execution, calculate profit and risk metrics, manage and import historical market data, simulate live markets with historical data, and graph all of the relevant results in a simple web interface.
The Gekko solution supports 18 different exchanges, including Poloniex and Bitfinex, and offers an adaptable plugin system that integrates with solutions such as IRC, Telegram, and email platforms. While the Gekko bot is not a high-frequency trading bot nor able to exploit arbitrage opportunities, it is a highly trustworthy Swiss army knife equivalent for traders that value simple automation and optimization.
Users can use this bot for executing some basic trading strategies, and they even have access to some pretty useful features. These include viewing prices of coins in real time, executing live orders, simulating markets, calculating indicators, and alike. Compared to our previous entries, its functionality is somewhat limited. Still, the bot continues to be useful, and it’s also completely free.
Gunbot 2020 Overview
Gunbot is one of the most popular automated bitcoin trading systems on the internet today. Some say it’s the most advanced crypto trading bot on the market because it offers more customization options and settings than its competitors. Others like Gunbot because it’s clean enough for beginners to use, but advanced enough for professionals to customize how they like it. Gunbot has a pretty wide range of different specifications and settings that are useful to professionals and novices alike.
Gunbot, for example, is one of the few cryptocurrency trading tools on this list that allows you to make custom strategies. You can create your own custom trading techniques and allow the bot to execute them, for example.
Gunbot also has strong exchange support, allowing users to connect with virtually all popular exchanges. As of the latest update, Gunbot supports Binance, Bittrex, Poloniex, Bitfinex, Cryptopia, Cex.io, Kucoin, GDAX & Kraken.
Another advantage of Gunbot is its community. As one of the more popular automated bitcoin traders in the space, Gunbot is used by thousands of people every day. There are active communities on Reddit and other forums. If you have a problem with the software, then it’s generally easy to find a solution.
Gunbot’s price varies from 0.04 for the Starter Edition to 0.3 BTC for the Ultimate Edition.
The Starter Edition, priced at 0.04 BTC, includes a Lite version of Gunbot Standard where users can access three strategies, including Emotionless, BBTA, and GAIN. You can add Cryptosight bot monitoring and Gunbot backtesting to your account for 0.015 BTC and 0.025 BTC, respectively.
The Standard Edition allows access to all strategies (including TSSL, Stepgain, and others) on one exchange.
The Pro Edition, priced at 0.2 BTC, allows access to all strategies on three exchanges. You also get backtesting and cryptosight with this plan.
Meanwhile, the Ultimate Edition, priced at 0.3 BTC, allows access to all strategies on all exchanges. Users can access backtesting, cryptosight, TradingView, and more.
Your purchase of Gunbot includes a lifelong license. In exchange for the one-time fee, your software will be upgraded for life. Best of all, you can buy a lifetime license for a price ranging between 0.035 and 0.165 BTC.
Another nice thing about Gunbot is that it can successfully execute conservative trading strategies. Many users deposit a small amount of money into an account, let Gunbot run that account conservatively, and come back to find safe, attainable gains.
Gunbot is desktop software that you’ll need to download and install. You can run it on PC, Mac, Linux, or a VPS. Over 6,000 traders use Gunbot every day.
CryptoTrader 2020 Overview
Cryptotrader is a little known but highly scalable cloud-based automated trading bot that makes it possible for traders to build their own customized trading bot solution in minutes. As the Cryptotrader solution is completely cloud-based, it doesn’t require users to install any software locally, which is a major feature.
Cryptotrader supports all of the major cryptocurrency exchanges, including Bitfinex, BitStamp, Poloniex, Coinbase, Kraken, and Bittrex, and provides backtesting trading strategies that allow traders to test how their strategy would work in different historical trading conditions.
One of the most unique features of the Cryptotrader platform is a strategies marketplace that allows users to buy and sell successful trading strategies. Because CryptoTrader is based on the cloud, it allows users to go a step further and create their own bots. The platform’s software works with numerous exchanges, but also with many different currencies. Not only that, but the platform also provides an entire marketplace for users to sell trading strategies of their own making. The price of this bot can be paid in Bitcoin, and it costs anywhere from 0.0026 BTC to 0.0316 BTC on a monthly basis. The platform also accepts Litecoin.
BTC Robot 2020 Overview
BTC Robot was one of the first commercially available Bitcoin trading bots, and is a self-described automated trading tool that promises to deliver guaranteed profits. The BTC Robot platform offers a significant amount of evidence to support these promises, and claims to work by constantly analyzing all of the prices in every Bitcoin exchange marketplace in real time in order to exploit market gaps.
The BTC Robot is relatively simple to set up and is user-friendly, but is the subject of debate in the Bitcoin community. Some BTC Robot users have experienced modest profits, while others have found it difficult to get it working properly, or generate a significant ROI. BTC Robot is covered by a 60 day 100% money back guarantee, however, making it a safe bet for an exploratory foray into the world of Bitcoin trading bots.
Zenbot 2020 Overview
Zenbot is another open source anonymous crypto trading bot that provides traders with the ability to download the code for the bot and edit it themselves via Github. The Zenbot solution is currently under active development, and is currently in the third iteration of release. It is completely free, and anyone with the proper knowledge can modify its code to suit their own purpose.
Zenbot is one of the only autonomous trading solutions that is capable of high-frequency trading, and supports the trading of multiple assets at the same time. According to information presented on the Zenbot 3 GithHub page, Zenbot 3.5.15 is capable of delivering a 1.531 ROI in three months, with is impressive for an open source automated trading solution.
The bot works with a lot of cryptos and can execute multiple trading strategies based on a technical analysis. It has a wide variety of features, but it is recommended not to use it for trading large amounts.
Coinbot.club 2020 Overview
Coinbot.club is a crypto bot rental service with an open source code. The Coinbot.club team is surprisingly transparent. On the official site, you’ll find a description of algorithms used by the trading bot (including their Conservative Algorithm and Aggressive Algorithm) as well as a link to their Github page: https://github.com/coinbitbot
Coinbot.club has a number of features that make it one of the most popular automated bitcoin trading bots on the market today, including a lucrative multi-tier commission program. If someone asks you to join Coinbot.club through their link, then be wary of all the good things they’re telling you: they get a significant kickback when anyone joins through their link.
Key distinguishing features of Coinbot.club include:
- Cloud-based service with no need to install any software on your device
- Transparent information about the team, the project, and code (something you don’t see with many other bitcoin trading bots)
- Open source code with a link to the Github page
- Affiliate program that pays up to 50% commission
- Three types of automated trading bots, including aggressive, balanced, and conservative
Users can also pay for three bonus Coinbot.club modules, including the following:
Coinbot.club’s Social Analyzer tool checks Twitter, Reddit, and various forums for information about the social outreach of a particular cryptoasset. You can get up-to-date information about hard forks, airdrops, ICOs, and more. The Social Analyzer is surprisingly customizable: you can choose which keywords you want to see within the program. Plus, Coinbot.club claims all research is done by its team and designed to be as independent as possible.
The arbitration bot checks for arbitrage opportunities across cryptocurrency exchanges. Obviously, there are other arbitration bots that work in a similar way, but Coinbot.club has a unique advantage: it also checks whether the exchange is currently accepting deposits and withdrawals. You can also set your desired volume to allow for arbitration. You can tell the bot to take the five best orders from the book, for example.
One final bonus module available with Coinbot.club is the Telegram Assistant. Similar to other Telegram assistants, this tool lets you make trades and execute commands over a familiar chat interface. Coinbot.club claims their Telegram Assistant accounts for about 0.25% of all trading volume.
We also like that Coinbot.club has a 7 day free trial. You can register and test the developer’s bots for free. The main restriction with the trial is that your total trading volume cannot exceed 0.001 BTC. If you want to get a feel for the software, however, and make a few test trades, then the trial is very helpful.
Overall, Coinbot.club emphasizes a transparent approach to automated bitcoin trading. Typically, this is one of the least transparent industries on the internet. Coinbot.club distinguishes itself from the competition by promising to offer real profits and losses, for example. The bot even sends out an alert if the bot has made a loss of -10%.
Coinbot.club also emphasizes the power of the community. Users aren’t buying software; they’re becoming part of “the club”.
Margin.de (Formerly Leonardo) 2020 Overview
Leonardo was one of the more popular automated crypto trading bots in 2020. In late 2020, however, leonArdo disappeared from the internet after the shutdown of crypto exchange BTC-E.
Today, leonArdo is no more. Instead, the protocol has been purchased by Margin, found online at Margin.de. Margin.de has integrated leonArdo’s bots and features into its own trading system. Today, the platform emphasizes clean layouts, effective bots, and strong security. Margin.de is also a professional, registered company with transparent team information for all members available online.
Margin.de also supports a surprising number of different exchanges, including Huobipro, Bitstamp, Bitfinex, Bittrex, Poloniex, OKcoin, HitBTC, Binance, Kraken, Coinbase Pro, Bleutrade.
When leonArdo first launched, it was seen as a premium robot because it was priced at 0.5 BTC. Since being acquired by Margin.de, however, the price of the trading bot has dropped to a one-time payment of $89 on the Starter plan, which offers unlimited bots and all technical indicators on a single exchange. The Starter plan is restricted to a $10,000 balance on one exchange.
Meanwhile, more advanced users can pay $169 for the Standard plan, which allows unlimited bots and all technical indicators on all supported exchanges, up to an account balance limit of $100,000 on each exchange.
There’s also a Professional plan priced at $1,999 that offers unlimited bots, all technical indicators, all supported exchanges, and multiple APIs per exchange. There’s no account limit on the Professional plan.
It’s also refreshing to see Margin.de offer a number of different payment options, including Visa, MasterCard, PayPal, and BitPay. Other, less reputable automated bitcoin trading software providers only accept crypto.
Your purchase of Margin.de provides access to two algorithms that made leonArdo famous, including:
- Ping Pong Strategy
- Margin Maker Strategy
The Ping Pong Strategy is straightforward. You set a buy price and a sell price, then allow the bot to do the rest.
The Margin Maker strategy, meanwhile, is more advanced. You can buy and sell based on price action, and the bot will adjust depending on the direction of the market.
Another nice thing about Margin.de is its interface. Some of the other bitcoin trading bots listed on this page can be rough around the edges, packaged into a clunky UI or a basic interface. Margin.de, however, appears to have invested a significant amount into their GUI. It’s arguably the best-looking automated bitcoin trader in the space while still being easy to use.
Other benefits of Margin.de include the online tutorials, comprehensive FAQs section, and transparent company. Full team information is listed online for all team members, including links to social media profiles, LinkedIn profiles, and more.
Overall, Margin.de is the most “legit” automated bitcoin trading software developer on this list. It offers full transparency, a convenient trading interface, and a surprising range of options at a competitive price.
Autonio 2020 Overview
Next, we have Auton.io, which is a new bot that claims to be the first completely decentralized trading app, powered by AI. It is also easy to install and can be useful to amateurs and professionals alike. It uses a number of technical indicators to notify its user of the current situation. Through trade signals, its user knows exactly when to use it for automatically executed trading. It is a subscription-based bot, and the cost of using it is $50 per month.
Although the Autonio inclusion is one of the newest bitcoin trading bots on this list, the developers claim Autonio is “the first decentralized AI trading application for cryptocurrencies.” The fact that Autonio is decentralized is important: just like the cryptocurrencies it trades, Autonio is built on decentralized infrastructure. There’s no centralized point of failure, and users can transparently check Autonio’s source code to verify how it works. It’s available for anyone to see on the Ethereum blockchain.
Autonio is marketed to both retail and professional traders. All traders can access pre-determined technical indicators to create trading signals that can be automatically executed.
If you want to expand Autonio’s trading activity, then you can also visit the Autonio marketplace, where you’ll find people buying and selling the best-performing trading algorithms. If you don’t feel like setting up your own automatic trading system, then you may be able to find one that suits your needs in the marketplace.
Autonio is a decentralized app on the Ethereum blockchain, and it uses its own ERC-20 token called NIO. Like other decentralized apps, you’ll need utility tokens to interact with Autonio. The platform revolves around the use of NIO tokens. You can purchase NIO tokens from major exchanges like Bitfinex, Ethfinex, and others.
Autonio’s pricing is middle to high on this list, coming in at around $50 per month. You can download Autonio version 1.2 for Windows, Mac OS, Linux, and Android today from Auton.io. As of October 2020, Autonio has 3,400 active daily users and has been growing steadily throughout the year.
Zignaly 2020 Overview
Zignaly is a relatively new bitcoin trading bot system. The beta version of Zignaly (version 0.5) is currently available for free, although the developers plan to charge for the software when it’s fully released.
Zignaly can be integrated with TradingView and allows users to execute trading strategies directly via its API on Binance. Currently, the beta version only supports Binance, but developers plan to add more crypto exchanges as Zignaly gets closer to release. KuCoin, Coinbase Pro, Bittrex, and Poloniex have all been scheduled for addition in the future.
Some of the unique features of Zignaly include no pairs limits, which means you can operate with as many pairs as you want without upgrading your subscription (as we’ve seen with other apps). Zignaly also lets you edit positions, including editing your close values like stop loss or trailing.
Another nice advantage of Zignaly is its transparency: full team information is available online, including links to the co-founders’ social media profiles. Overall, Zignaly is committed to creating a transparent, user-friendly crypto trading bot that supports the world’s biggest crypto exchanges. Watch for Zignaly to continue impressing crypto traders as it gets closer to a full release.
Profit Trailer 2020 Overview
ProfitTrailer is a crypto trading bot that automatically makes trades 24 hours a day, 7 days a week using multiple trading strategies. Find out how it works today in our review.
What is ProfitTrailer?
ProfitTrailer, found online at ProfitTrailer.com, describes itself as “the no.1 crypto trading bot”, giving you the ability to trade cryptocurrencies automatically on Binance, Huobi, KuCoin, Bittrex, and Poloniex 24 hours a day, 7 days a week.
Of course, most crypto trading bots describe themselves as “the best bot”. What makes ProfitTrailer different? One of the unique things about ProfitTrailer is that it comes with multiple buy and sell strategies. Depending on your aversion to risk and other factors, you can implement buy and sell strategies like BB, EMA, SMA, DCA, RSI, STOCH, MACD, and more.
ProfitTrailer also distinguishes itself from the competition by attempting to “trail” major trends in the crypto space. The bot promises to help users “trail the trends”. If a coin has just jumped 5%, for example, then ProfitTrailer may buy that coin as it continues shooting up to 20% or higher. By jumping on top of the latest trends, ProfitTrailer allows users to gain similar profits with less risk – at least that’s the idea.
As with other crypto trading bots, ProfitTrailer focuses on impressing users with profit. The website is filled with statements like, “Make profits while you sleep” and “start earning today,” for example. It seems like users are led to assume that there’s minimal risk involved, and that profits are all but guaranteed.
How Does ProfitTrailer Work?
ProfitTrailer is available on Windows, Mac OS, and Linux. You download the software, then use it on any internet-connected device.
A total of 20 different trading strategies are available, including basic strategies like loss and gain and more advanced strategies like combinations of LOWBB, RSI, BBWIDTH, MACD, EMAGAIN, and others. If you’re not sure what any of those acronyms mean, then you can also setup 10 pre-designed strategies that make life even easier.
In order to use ProfitTrailer, you’ll need to buy a license. Like most other crypto trading bots, ProfitTrailer has monthly subscription plans available ranging from €39 to €89 per month. Unlike other bots, however, you can also buy lifetime subscription plans that range from €499 to €1,149. 1 month, 3 month, 6 month, and 12 month subscriptions are all available.
Your ProfitTrailer subscription gives you access to all supported exchanges. You do not need to buy additional licenses for new exchanges. All subscription plans also come with all indicators included, which means higher-paying users don’t get access to different indicators than users on lower subscriptions.
ProfitTrailer also allows users to buy a virtual private server (VPS) with their subscription plans. With the VPS plans, users get a pre-configured ProfitTrailer server based on a “powerful premium VPS”, allowing you to quickly implement ProfitTrailer trading strategies.
Another nice thing about ProfitTrailer is that there do not appear to be any additional fees: certain other automated crypto trading bots charge monthly fees and additional trading fees. ProfitTrailer seems to only charge monthly fees, although you’ll still have to pay any trading fees charged by the supported exchanges.
We also appreciate that ProfitTrailer has a wiki. The ProfitTrailer wiki is packed with a surprising amount of information about the software and how to use it. The support team has taken the time to create 50+ videos showing you how to use the software. Most reviews online, meanwhile, seem to indicate a positive experience with customer support as well.
ProfitTrailer advertises all of the following features:
Multiple Exchanges with One License: ProfitTrailer allows you to trade on six different exchanges with a single license on all subscription plans, including Binance, BitMEX, Bittrex, Huobi, Poloniex, and KuCoin.
Trade Hundreds of Cryptos: ProfitTrailer allows you to trade any crypto or fiat pairs listed by supported exchanges. Hundreds of pairs are available for trading through ProfitTrailer.
Easy Dashboard: ProfitTrailer lets users monitor everything via the dashboard, which gives you a complete overview of your trading activity and bot movements.
Possible Buys: Get alerts about upcoming buys scheduled by your trading bot, then adjust those buys using the config settings.
Portfolio Overview: Get an overview of all your purchased coins, including coins that the bot is preparing to sell.
DCA: Setup dollar cost averaging (DCA) to buy or sell coins over a longer period of time.
Sales: See your sales, including the amount of money you’ve made from each trade made by the bot.
Config: Switch between settings and choose whether you want a basic or advanced editor. Get full control of ProfitTrailer by arranging configuration settings.
20+ Buy and Sell Strategies: ProfitTrailer has more than 20 buy and sell strategies, including basic strategies like LOSS and GAIN and more advanced strategies like combinations of LOWBB, RSI, BBWIDTH, MACD, EMAGAIN, and others.
Beginner Strategies: Not sure what any of the above acronyms mean? ProfitTrailer also has 10 pre-defined strategies based on your risk appetite.
24/5 Support: ProfitTrailer offers support 24 hours a day, 5 days a week to all subscribers on all plans.
Wiki and Tutorials: ProfitTrailer has a surprisingly large Wiki and hours of video guides. A total of 50 online video tutorials explain everything from the basics of crypto trading to advanced buy and sell strategies.
PT Notifications and Tracker: Get instant trade notifications on your Discord or Telegram, including automated buy and sell signals and notifications when your bot has made a trade.
VPS: ProfitTrailer has two virtual private server (VPS) plans available, allowing you to buy a server pre-installed with an operating system, Java, PM2, Node.js, ProfitTrailer, PT Tracker, PT Notifications, and everything else you need for the best ProfitTrailer experience.
Flexible Subscriptions: ProfitTrailer offers annual subscriptions at a competitive price. You can also buy 1 month, 3 month, or 6 month subscriptions. There are even lifetime subscriptions available.
ProfitTrailer Subscription Plans
ProfitTrailer offers four subscription plans, including Basic, Basic VPS, Pro, and Pro VPS. Subscription plans include all of the following:
Basic (€29 to €59 Per Month; €699 Lifetime)
- All exchanges
- 24/5 premium support
- 2 API key slots
- 5 config saves
- Multiple buy/sell strategies
- Premium trading settings
- Advanced paper trading
- All indicators
- Signals subscription
Basic VPS (€41.6 to €54 Per Month; €724 Lifetime)
- Everything in the Basic plan
- Pre-configured ProfitTrailer
- Powerful premium VPS
Pro (€37.4 to €59 Per Month; €699 Lifetime)
- Everything in the Basic plan
- 3 API key slots
- 10 config saves
- PT notifications
- PT tracker
Pro VPS (€62.4 to €89 Per Month; €1,149 Lifetime)
- Everything in the Pro plan
- Pre-configured ProfitTrailer
- Powerful premium VPS
All plans give you access to all exchanges, including Binance, Bittrex, Huobi, KuCoin, and Poloniex. All plans also come with 24/5 premium support, API key slots, config saves, multiple buy/sell strategies, advanced paper trading strategies, all indicators, and signals subscription.
Who’s Behind ProfitTrailer?
ProfitTrailer was incorporated on September 8, 2020. Today, the company claims to have 3,000 users worldwide.
ProfitTrailer is registered in Curacao under the name ProfitTrailer B.V. The company has a Curacao Chamber of Commerce number of 149091. The company’s LinkedIn page, meanwhile, lists the company headquarters at an address in Rotterdam, Netherlands.
The names of the executives involved with the company have been kept private, although there is a single listed email address: [email protected]
ProfitTrailer is an automated crypto trading bot build by a Netherlands-based team of developers. The bot offers similar features to other crypto trading bots, making trades for users 24 hours a day, 7 days a week.
You can setup customized trading strategies and choose from 20 different options. Or, you can choose a pre-configured trading bot to make trades on your behalf. Everything is managed through a simple, easy-to-understand interface. We also appreciate the transparent pricing: ProfitTrailer charges a monthly fee, but there are no additional trading fees aside from the normal fees charged by exchanges. For all of these reasons, ProfitTrailer is one of the leading crypto trading software programs available today.
Shrimpy 2020 Overview
We will have an updated review of Shrimpy – for now you can read our research to-date.
HodlBot 2020 Overview
We will have an updated review of Hodlbot – for now you can read our research todate.
Tradewave is a complex solution that is not technically a standalone trading bot according to the literal definition of the term. Functioning as a platform that allows traders to create automated trading strategies. The Tradewave platform can connect to most of the largest exchanges, and also provides users with the ability to share successful trading strategies with each other. The only drawback of Tradewave is that it is not free, with pricing starting at around $14 USD monthly.
Ones we plan to use and research to write reviews on in the future:
- Gimmer – https://gimmer.net/
- Cryptorg – https://cryptorg.net/en
- ApiTrade – https://apitrade.pro/
- Kryll – https://kryll.io/
- Botee Trade – https://botee.trade/
- Apex Trader – https://apextrader.io/
- Rialto Trade – https://www.rialtotrade.com/
- AutoView – https://autoview.with.pink/
- Enigma Catalyst – https://enigma.co/catalyst/
How Humans Compare to Auto Trading Bots…
As you can see above, with 18 of the top bitcoin bot systems to choose from, going i nside cryptocurrency’s new warfare on the bitcoin trading battlefront can be daunting. When you start to ask yourself how well manual human activity can stack up against AI-powered around the clock trading executions by automated robot algorithms, you can see how one may outlast and sustain profitable earnings if done properly.
Trading bots are essentially special programs that are using complex indicators to analyze the condition of the market, predict its next move, and execute trades. Software like this has been used for a while now, but traditionally bots were used by private investors and only recently have bitcoin-focused trading systems start to become available for the everyday investor.
Many of our readers may be well aware of what ‘crypto-trading bots’ are and what their core purpose is. As the name quite obviously implies, trading bots are automated operational tools that can help investors/day-traders execute important transactions in a streamlined, hassle-free manner.
To be even more specific, these bots can be algorithmically-programmed so as to suit the needs and requirements of its owners. Thus, they can serve as ideal companions for novice/intermediate altcoin enthusiasts.
What do Trusted Bitcoin Trading Bots Have to Offer?
As mentioned earlier, most of today’s crypto bots come pre-built with a host of intuitive algorithms that are ideal for ‘machine learning’ purposes. Not only that, many new bots also have the ability to factor in social media indicators so as to provide users with the best investment opportunities at any given time.
Other Key Points Worth Noting:
- Institutional bots are designed to reduce problems associated with market manipulation and crypto volatility.
- Traditional crypto bots comprise of largely automated systems that are designed to perform actions such as real-time information exchange, fiat-crypto trades, resolution of customer queries etc.
Can Manual Humans Compete with Automatic Robots?
From a purely technical standpoint, automated trading platforms are much more efficient than human solutions since they are able to factor in niche data such as:
- Real-time market nature
- Mathematical modeling info.
- I/O Signals
- Stop-Loss triggers
- Profit targets
If that wasn’t enough, day traders can especially benefit from such offerings since they have to deal with high-frequency transactions on an hourly basis. In a similar vein, merchants too can profit from their use since they are required to be aware of the market 24-hours a day (so as to protect their hard-earned assets) .
- Many of the algorithms and codes used by trading bots to conduct their operations are easily identifiable via techniques such as ‘pattern-matching’.
- Our regular readers may remember that a large number of so-called “reliable commercial bots have proven to be frauds” over the years.
- Artificial Intelligence (AI) and automated learning can never really compensate for human experience and instinct.
Pros Of Using Top-Rated Crypto Trading Bots
A universally accepted benefit to this software is that they can trade 24/7/365 while you sleep or during working hours. Depending on the investors’ strategy you can end up making money or also lose out.
Crypto trading can also cause a lot of emotions, and often this interferes with the profitability of the selling. Impulsive buying is an example of how emotions can push one to have greed for fear of missing out on investing in a token.
We already mentioned that the crypto market runs non-stop and for a trader its impossible to keep up with the repetitive trading, price checking, and trade confirmations. With a bot can do all that working under instructions from the user to find the best trades and when to execute.
Possible Bitcoin Investment Risks Involved with a Poor Bot Program
Despite the high side, sadly cryptocurrency bots have disadvantages that can make you shun them. There are quite some cryptocurrency bots and finding the right option may seem next to impossible. In additions, the market is also infiltrated with potential scams acting as crypto trading bots.
You might also want to consider fees or usage costs. Despite the existence of free bots like Gekko and Gimmer, they may not offer the level of sophistication that comes with the subscription-based bot software such as Haasbot.
There is also the need to keep updating the bot instruction to be in tandem with the ever-changing crypto market. The continuous updating and maintenance could end up becoming a tedious task for the trader at the end of the day.
You also have to recognize that trading bots do not factor in the fundamental analysis, insider knowledge, breaking news and other myriads of factors influencing the cryptocurrency markets. That means that the strategies such as Arbitrage could end becoming less profitable.
In an ideal world, you may want to consider using bots that combine the automatic system with human expertise. For example, eToro offers the CopyTrader tool that lets you copy exact trades that other traders make. It is more of a trading bot working with the help of a human trader.
Even so, they continue to evolve at all times, and their functionality and sophistication are constantly increasing. New ones are appearing all the time, and there are dozens of them on the market right now, waiting to be used. They can be free, or subscription-based. Such bots can even be quite expensive and are often used by professional traders. Still, they are all usable, and can even be quite profitable.
While there are numerous benefits of using trading bots, users should remember that there are some serious second-thought risks involved as well. After all, you are giving the control over your money to a third party. Trading bots are still a new technology that has yet to develop. Not only that, but they work with cryptos, which are only a few years older tech than the bots themselves.
One of the biggest risks involves flawed software. Not all of the bots are of equal quality, and bad coding can make a lot of damage. If you decide to trade large amounts through the bot, the risks are that much bigger. Of course, flawed software is not a purposeful defect, but it can cost you a lot of you use a bot that has it.
There are also Flash crashes that you should watch out for, as you can experience quite heavy losses if you fail to set stop-loss limits. Flash crashes can be quite often, and it is highly advisable to be on a lookout for such occurrences.
Finally, we should not forget about scams. Scammers are a curious breed, and they evolve with technology and market. As soon as trading bots emerged, scammers figured out how to use them to their advantage. They started creating fake trading bots that the traders would start using, give them their money, never to see it again.
How Important are Trading Bots to the Bitcoin Market?
Cryptocurrency is absolutely a new tech that’s fast becoming the darling of the world. Even more, it is increasingly becoming a live laboratory procedure for trading at a higher frequency, as well as an area for the advancement for trading bots.
While there has been a vast number of trading bots and algos used by Wall Street companies for conventional trading disciplines, cryptocurrency markets are now seen as a new trading platform for exploring new methods and employing some marketing strategies.
This has been confirmed by Forbes which reported that the development of tools or trading software and decentralized exchanges will herald a new era of automated trading bots.
While companies are increasingly working on different software for crypto trading, it is still a sector that guarantees lots of improvements which will be revealed by the continuous expansion that artificial intelligence provides.
While the future of exchanges and blockchain tech is still not really clear, it is becoming increasingly obvious that artificial intelligence will play a large role in the near future.
Professional traders and institutional investors will need them to help curtail the risks while executing high volume trades in a semi-automated or hands free way.
Trading bots effectively help with minimizing trading limitations and makes it easy for retail investors, to efficiently use simpler tech applications through a well secured process. In fact, these trading bots can be designed to take advantage of trade inconsistencies caused by some manipulation, thus helping an investor or trader make even more money.
Trader bots with artificial intelligence, will also help improve the ease of trade monitoring as well as investment portfolio. As a result, traders can then focus on growing their portfolio thanks to the reliable and predictable returns.
Also, traders using bots are more likely to eliminate all forms of human error from their trades. In fact, last year, lots of traders made a lot of fortune from using trading.
However, it’s not all rosy as they can have their shortfalls. For instance they can continuously execute orders, even when the price of the tokens are falling, resulting in significant losses for their users.
They can also be used by individuals or corporations with malicious intent. For instance, some trading bots are known to collect personal information on your while they’re running on your PC. Others have been used to launch attacks on opponents in the market.
The Long Term Effects
These days, experienced traders make use of advanced trading tools as conventional traders are not familiar with them. As it stands, there is a common API for crypto trading, which makes it more challenging to use bots. Ironically, most of them don’t perform well when it comes to low volume trades.
The volatility of the cryptocurrency market necessitates the need for trading bots which are becoming increasingly popular among traders. These programmable software algorithsm allow investors to remain in trading at all times, with the bot making automatic bids even while the trader is asleep and the other half of the world is just starting to wake and rise.
While crypto trading bots sound amazing, there is a need for due diligence if it involves automatic software since human alone is not infallible when it comes to matters of trading. Even Warren Buffet, a seasoned Wall Street legend loses out from time to time and crypto trading bots could be useful at making sure such investors stay ahead of others.
Nevertheless, their continuous use in trading comes with huge costs. In the end, it is certain that bots will continue to be improved upon to meet the varieties of trading needs. This will be even more so when the crypto industry stabilizes, as they’ll play a role in helping developers with AI’s deep learning capabilities.
Last Auto-Cryptocurrency Robot Thought
There you have it – we will do our best to update with on-going research about the latest and great bitcoin trading robots. As fast as the FinTech and virtual currency worlds are growing, a lot can change in a short amount of time.
As innovation and insight begin to stack up and showcase strengths in all kinds of transformative and disruptive ways, there will be a lot of hog wash with the bacon. But just like the meat isn’t the key, protein is where the solution lies. No matter what list you stumble upon and read up on next, never invest more than you can risk to lose as many cryptocurrency related laws, rules and regulations are yet to be handed down by the alphabet governing bodies.
One last thing to remember regarding the trading bots is that they are, and should be seen and used as, tools. They are not a passive income solution that will make a profit for you while you’re doing something else just because of the buzzword automated. Of course, you can set up specific parameters on some of them, and have your trading somewhat secured, but the market is growing and changing all the time, and your parameters need to follow these changes especially as daily crypto news and cycles continue.
Because of that, you cannot just set up a bot and forget about it. They still require your supervision, and often even interference. The right strategy is also important, and if you do things right, then the trading bots can turn out to be quite profitable tools. If you don’t — expect some serious losses.
In closing out this piece, it is worth remembering that unlike humans, commercial robots are never swayed by emotions or other psychological factors that are known to influence a lot of traders. With that being said, they don’t call the intellect “man’s greatest asset” for nothing. Happy trading everyone
Stay woke blockchain-based bot believers, the bitcoin cryptocurrency trading revolution has just begun!
Beginner’s Guide to Bitcoin & Crypto Trading Bots
Unlike the stock markets, the cryptocurrency market never closes and never sleeps, which can be a highly stressful scenario for traders and even casual investors in the industry.
Users familiar with crypto investment will also be familiar with the (joyful or sinking) feeling of waking up in the morning to be greeted by a pleasant or unpleasant surprise when they check their portfolio and see large gains or losses.
As a result of the volatility of the market, trading bots have become increasingly popular among traders by allowing them to remain in control of their trading at all times, with the bot not sleeping even while the trader is. In addition, a correctly specified bot allows trades to be executed faster and more efficiently than the trader would be able to do manually.
The explosion of popularity in cryptocurrency has also resulted in a big increase in the number of crypto trading bots available, either for free from open-source platforms or licensed to users in exchange for flat fees.
However, it is difficult to ascertain which of them work as intended and which of them are an absolute waste of time. This post will consider the background to what exactly trading bots are and whether they work for Bitcoin trading (and more importantly, for your Bitcoin trading). It will then consider some of the best trading bots in the market today.
Top Trading Bots
If you are in a hurry, here’s our pick of the top 2 bot platforms on the market right now.
What are Trading Bots?
In essence, a trading bot is a software program that interacts directly with financial exchanges (often using API’s to obtain and interpret relevant information) and places buy or sell orders on your behalf depending on the interpretation of the market data.
The bots make these decisions by monitoring the market’s price movement and reacting according to a set of predefined and pre-programmed rules. Typically, a trading bot will analyze market actions, such as volume, orders, price, and time, although they can generally be programmed to suit your own tastes and preferences.
Trading bots have been popular for many years in various conventional financial markets. However, trading bots have not been traditionally available to the average investor as they cost a significant amount of money.
For example, a Bloomberg terminal can often cost in excess of $10k. However, due to the transparent nature of blockchain, cryptocurrency exchanges tend to grant their customers direct market access that provides users with the opportunity to analyze the exchange’s electronic order book, which was a type of access that was traditionally exclusively available to brokers and investment houses in conventional financial markets.
With many people trading Bitcoin passively and therefore unable to dedicate large amounts of time to analyze the market, the intention is that Bitcoin bots will allow users to establish more efficient trading without having to keep on top of the market at all times.
Types of Trading Bot Strategies
Although the cryptocurrency market is much less mature than other financial markets, the digital nature of the market has meant that despite the fact that it has had significantly less time to integrate algorithmic trading, the technology has not been slow in catching up on its rivals in terms of providing a trading bot service, allowing for investors to obtain access to a wide range of trading strategies, some of the most popular of which are considered below:
In the early days of cryptocurrency trading one of the primary strategies that traders used to make profits was arbitrage – i.e. buying assets in one market and then selling them in another for a higher price, thus earning profit on the difference. As cryptocurrency exchanges were decentralized, there were often large differentials between prices offered on various exchanges, meaning that profits could be made through arbitrage.
Although the spread between exchanges are much smaller now, they do still appear from time to time and trading bots can assist users in making the most of these differentials. In addition, arbitrage can also be utilized in traders looking to involve futures contracts in their trading strategies by benefiting from any difference that exists between a futures contract and its underlying asset, by considering futures contracts that are traded on various different exchanges.
Trading bots can also allow investors to use the market making strategy. This strategy provides for “continuous buy and sell prices on a variety of spot digital currencies and digital currency derivatives contracts” in an effort to “capture the spread between the buy and sell price”.
In order to carry out the market making strategies, in involves making both buy and sell limit orders near the existing market place. As prices fluctuate, the trading bot will automatically and continuously place limit orders in order to profit from the spread.
Although this may be profitable at certain periods, the intense competition around this strategy can result in it being unprofitable, especially in low liquidity environments.
Do Trading Bots Work?
Trading bots work by reacting to the market. It gathers the data it needs in order to execute a trade based on analysis of the trading platform. However, with cryptocurrency, the trading platform only tells half of the story, with many rises and falls being based on other sources (such as John McAfee’s Twitter or other online rumors!) that cannot be programmed into the bot for analysis.
In addition, as noted above, the spread between the exchanges has flattened somewhat, meaning that the opportunities for inter-exchange arbitrage are much lower than in previous years.
Many trading bots use what is known as an exponential moving average (EMA) as a starting point for analyzing the market. EMA’s track market prices over a set time period, and bots can be programmed to react to what that price does – such as moving beyond certain thresholds.
By programming the bots, traders can set their thresholds to correspond with their risk appetites. However, one of the downsides of EMA is that it is based on past history, which, as all traders will know, is not indicative of future performance, especially in the cryptocurrency industry where volatility is rife. Therefore the question of whether trading bots work is a multi-faceted one in which the problem answer is that they work, but not necessarily for everybody.
Trading bots offer a variety of advantages, including having constant interaction with the market, as well as the not-insubstantial factor of removing the emotion from trading. However, on the other hand, by using the wrong trading strategy or relying on the trading strategy of others, a trading bot could simply end up automating a set of poor market trading decisions.
Best Crypto Trading Bots
In this section we will take a look at some of the popular and publicly-available bots you can use. In most cases these bots will offer more than automated trading. Some of the platforms give clients advanced trading tools, as well as access to numerous crypto exchanges.
Cryptohopper is one of the most established players in the auto trading scene for several reasons. Firstly, they run entirely on the cloud, so no installation is required making 24/h trading possible. They also have an incredibly intuitive dashboard, and only require a 5 minute set up to start trading.
Next to this they are the only bot to embed external signalers, allowing new traders to subscribe to a growing list of professional analysts from around the world. Many use machine learning, intelligent algorithms and employ teams of mathematicians to target rising coins. Signals are sent directly to the users bots which buy and sell when they receive them.
Signaler dashboard where you can subscribe
The bot allows you to take advantage of bull markets with a trailing stop-loss, and has full technical analysis features from Stoch and RSI to Bollinger Bands and MACD.
Cryptohopper has a very nice modern dashboard area where you can configure and monitor everything and comes with a config wizard or pre-created templates for the popular exchanges – Binance, Bittrex, Poloniex, GDAX and Kraken.
Traders with more experience can incorporate their favorite technical indicators, triggers and use tools that are handy in bear markets, such as DCA & shorting features.
Unlike many other bots, Cryptohopper does not charge any trading fees, and is one of the few bots to offer a free trial for a month with the ability to upgrade to Bunny ($19 p/m), Hare ($49 p/m) and Kangaroo ($99 p/m).
We have completed an Indepth Review of Cryptohopper here.
3Commas is a popular trading bot which works with a number of exchanges including Bittrex, BitFinex, Binance, Bitstamp, KuCoin, Poloniex, GDAX, Cryptopia, Huobi and YOBIT. The bot works 24 / 7 with any device as it is a web-based service so you can monitor your trading dashboard on mobile as well as desktop and laptop computers.
It allows you to set stop-loss and take-profit targets and also has a social trading aspect which allows you to copy the actions of it’s most successful traders.
Another interesting feature is it’s ETF-Like crypto portfolio feature which allows you to Create, analyze and back-test a crypto portfolio and Choose from the best performing portfolios created by others.
We have completed an Indepth Review of 3commas here.
The CryptoTrader bot is a cloud based trading bot that provides users with fully automated trading solutions while not requiring them to install the bot on their own system. CryptoTrader features a strategies ‘marketplace’ that allows users to buy their favorite trading strategy, or alternatively to sell strategies developed by themselves.
Cryptotrader supports most of the major exchanges for both backtesting and live trading, with the backtesting tool allowing users to review how their strategies would work under different market conditions.
CryptoTrader offers five different subscription plans, with fees ranging from 0.006 BTC to 0.087 BTC per month (Bitcoin is the only payment method accepted). The separate packages include a number of differences, including the number of bots operating on the user’s behalf as well as the maximum equity limit.
Although though some knowledge of coding is beneficial when setting up strategies in the CryptoTrader bot, there are a number of free and paid strategies available for users that are not experienced / interested in coding.
The CryptoTrader bot also has a wide level of interoperability, with the service offering email and text notifications to alert users on important market events or changes in trends.
Created in 2020 by Haasonline, Haasbot trades Bitcoin and many other altcoins,
Although Haasbot is probably the most complete of the trading bots that are currently available, doing much of the labour with relatively minimal input required from the user, in order to provide this service it is pretty expensive, with costs ranging from between 0.04 BTC and 0.07 BTC for a three-month period.
At those prices, it is clear that anybody willing to take a chance on it should be knowledgeable about what they expect to get out of the platform and be committed to doing so.
Haasbot is an outgrowth of HaasOnline Software, which was started by Stephan de Haas in the 1990’s. The same company is also behind HaasOnline Trade Server (HTS), which is a automated system that is designed to trade cryptocurrencies.
The Haasbot platform operates on Windows, MacOS, and Linux, and allows traders to choose from more than 10 different ‘bots’. The more you decide to spend, the more bots you will have access to on the platform.
Given the prices involved in using the bots, it is a good idea to do some research on the returns they have generated in the past.
Read our Indepth Review of HaasBot here.
Zignaly is a trading terminal with cryptocurrency trading bots that lets you trade automatically with help from external crypto signal providers. For the moment the platform costs just $12 per month.
The platform is incredibly easy to use and can be utilized as a passive income machine. Zignaly lets you easily connect with a TradingView account, so you can use it with your favorite indicators. Alternatively, you can use the Zignaly trading terminal to create your full strategy at once.
Because Zignaly is still pre-launch, the number of exchanges that it operates with is limited. The development team says that once the full version is live, KuCoin, Coinbase Pro, Poloniex and Bittrex will be added to the platform. The company also plans to offer its clients unlimited currency pairs without any additional cost.
One of the nicest things about Zignaly, besides the price, is the developers’ commitment to transparency. The full development teams’ info is available online, and anyone who wants to learn more about the founders can find their personal information on their social media profiles.
Read our Indepth Review of Zignaly here.
Cap.Club is a simple way to gain access to advanced trading features. The platform was designed in Russia, and currently works on Binance and Bittrex. The platform offers traders automated buying and selling algos, as well as advanced order types.
One of the first things that you will probably notice about Cap.Club is the simplicity of both its website and interface. If you are just getting into automated trading, or have little coding knowledge, this simplicity could be a big plus for you.
The platform comes in two versions.
The free version will give you all of the trading strategies that the full platform features, but you will be limited in how many can run at once. The free account is also limited in communication. The full version will send you alerts via both Email and Telegram, but the free one is only going to contact you with Email.
If you want to use the platform for free, it is ready to go. For those that want to upgrade, it currently costs $30 USD per month, or can also be bought on a yearly basis for a discounted price of $300 USD.
Simple to Use, Lots of High-End Features
Don’t let the simplicity of Cap.Club’s interface fool you, it delivers some high-end trading tools. In addition to limit and trailing orders, Cap.Club offers it users three trading programs:
- Smart Sell (long)
- Smart Buy-Sell (long)
- Smart Sell-Buy (short)
These algos seek to make money automatically for Cap.Club’s clients. There aren’t a ton of reviews out there for how effective the algos are, but they are all 100% free to use with the basic package.
The platform that Cap.Club put together offers a lot of value, and also is a nice compromise between an algo-driven trading platform, and a trading platform that gives you some of the normal trading tools that are lacking on most crypto exchanges.
Cap.Club also includes a visual strategy editor with both the free, and premium package. If you understand how trading strategies work, but can’t put them into code, a visual strategy editor could be a good fit for you.
Instead of having to write your own algo in code, you can use a visual strategy editor to lay it out with symbols. Once you have the strategy together, it is simple to run. You may find that your strategy ideas are profitable, and they could help you outperform the market.
Cap.Club Gives You a Lot
The fact that Cap.Club allows you to use its platform for free is great. While you will be limited in how many strategies and APIs you can run at once, it will help you to figure out if the platform makes sense for you.
For frequent traders having some sort way to use limit and trading orders is almost necessary. Buying and selling at market rates isn’t ideal. Trailing stops and take profit orders can help you to ride a winning position, which makes it possible for a single position to make the entire subscription worthwhile.
The big downside to Cap.Club is the fact that it only supports two exchanges.
If you don’t want to trade with Binance or Bittrex, then Cap.Club isn’t going to be of much use to you. That said, it is really easy to set up Cap.Club with Binance and Bittrex, which makes opening a new account at one or both of the exchanges worth thinking about.
Easy Set-Up and Support
Once you open up your Cap.Club account, all you have to do is go to the exchange of your choice, and generate an API. You will get a new API, and a secret code. Just go back to Cap.Club, and enter the info into the fields it provides you with. The process is super simple, and should only take you a few minutes.
Cap.Club also has a deep support section online. If you need help connecting your exchange account to their platform, or figuring out how to use any of the tools, you should be able to find any information you need. The support is included with both account types, which is a great feature.
Overall Cap.Club looks like a capable automated trading platform that also gives traders some useful tools, as long as you use one of its two supported exchanges.
Unlike many of the other trading bots on this list, Exchange Valet is more of a trading toolset and crypto portfolio management platform. Most crypto exchanges don’t give traders a ton of tools to use. Exchange Valet is filling in the gaps with commonly used trading tools like simultaneous stop loss and take profit orders.
If you are used to using a trading platform like MT4 or MT5, the ability to set simultaneous stop loss and take profit orders is taken for granted. Many exchanges don’t support either order type, or allow traders to use both at the same time.
Exchange Valet lets you set both stop loss and take profit orders at the time time, which is extremely useful for active traders.
Let’s say you want to open a position in BTC, but your expectation is that it will rally for another 10%. If you are wrong about the direction of the BTC market, there is no need to stick around and watch your trading capital get eaten up by a nasty downward price movement.
Exchange Valet’s platform would allow you to open up your BTC trade with both a stop loss and take profit order at whatever price level you like. If you are correct, and BTC rallies by 10%, Exchange Valet will lock in that profit by selling the position. If you got it wrong, your stop loss will keep a volatile market from blowing up your trading account.
Handy Portfolio Management Tools Too!
Exchange Valet also allows you to keep an eye on all your positions, and rebalance them almost automatically. The platform will display all of your crypto holdings on a pie chart, and allow you to buy a specific percentage of your portfolio’s total value in a single crypto.
Let’s say you want to hold 40% of your total portfolio’s value in ETH. Exchange Valet will give you a simple input field that will let you buy whatever percentage of any crypto that you like. This is an easy way to make sure you maintain the balance of cryptos that you like, without doing a ton of work.
Exchange Valet also has solid communication tools. All of your orders can be delivered via Telegram (they call it Speedtrade), and other information will be emailed to you if you like. Portfolio info can also be delivered with Telegram, or by using the platform’s proprietary chatbot.
Exchange Valet Lacks Some Features
If you are looking for an automated trading platform, Exchange Valet isn’t going to be a good choice for you. While it does offer super useful trading features, it really isn’t a trading bot. It is also limited to Binance and Bittrex. This may or may not be an issue, but it is something to consider.
Exchange Valet is also costs cryptos to use. The platform offers new users a 14 day free trial, but after that it will cost you $29 USD per month, $75 USD for three months, or $250 USD if you buy a year’s worth of service.
If you are an active trader with a big portfolio these prices could make sense, although there are other platforms that give you more features for a similar price.
Two areas where Exchange Valet shines are security and connectivity. The platform meets ISO 27001, ISO 27017, and ISO 27018 standards for data security. It also offers a lot of information via Telegram, which is great if you want to keep an eye on your portfolio when you aren’t in front of a computer.
Worth Learning More About
If you prefer to trade your own account, Exchange Valet could be a great tool for you. While it does lack algo-based trading features, it does offer traders all the tools they would find on a conventional trading platform.
Exchange Valet takes your security seriously, which is great to see. The communication tools that Exchange Valet built are also useful. If you are looking for a platform that fills in the gaps that exchanges left open, Exchange Valet is worth a deeper look!
Signal is a platform that is made specifically for Binance. Signal does give traders on Binance some badly needed tools, and a high level of connectivity. If you want automated trading, or to use another exchange, this platform isn’t for you.
Much like Exchange Valet, Signal gives traders the tools they would find on a trading platform like MT4. In addition to simultaneous stop loss and take profit orders, it also allows traders to program laddered buying, as well as trailing stops.
Most of the features that Signal offers are extremely useful for traders. While a platform like Signal isn’t really going to be useful for a crypto investor who is looking to HODL for the long-term, the tools that Signal delivers will help traders who are used to fully-featured trading platforms.
Signal is Built for Binance
If you trade on Binance and are looking for advanced trading tools, Signal could be the right platform for the job. As mentioned above, being able to use stop loss and take-profit orders simultaneously is a must for traders.
In addition to adding simultaneous stop loss and take-profit orders, Signal gives you the ability to buy into a position over a period of time. This is called a laddered buy, and it cab be handy if you think there is a big move coming in a token’s price.
Instead of buying your entire position at one, you can automatically set Signal up to do the buying for you. This can also be good for larger traders who want to spread their orders out, and reduce the chance they will influence the market price of a token noticeably.
Signal also offers two interesting tools that some traders might find useful.
The platform allows users to sell existing coins, and also has a ‘targets’ tool. The sell existing coins tool allows Signal users to sell specific coins, and the targets tools lets traders set levels where positions can be sold. Both tools may be handy for advanced traders.
Signal offers a simple set of tools, but it can be accessed from almost any device. Many of the other platforms on this list have to be run on a computer, and won’t work on iOS or Android.
Connectivity is one area where Signal shines. You can use the platform from just about any device, including the two most popular mobile operating systems. If you are looking for a fully-featured trading platform for Binance that you can use almost anywhere, Signal is a good fit.
The platform will also notify you via SMS when your orders are executed, which can be handy if you need to stay on top of the market. It also gives you the ability to track your trading performance over time, which can be very handy if you are trading frequently.
Not Built for Everyone
Signal isn’t going to be a good fit for every crypto trader out there. While it does fill in some gaps on Binance, it only works with one exchange, and doesn’t offer any sort of algorithmic trading options. If you are looking for a bot, this isn’t the platform for you.
There isn’t much information on the costs involved with using Signal, and it could be free. There is also the promise of more features in the future, as the website states that “this is just the beginning.”
If Signal is free to use, and the team behind it is planning to add exchanges and features in the future, it is very promising for the platform. As it stands today Signal is a good looking product that has a clean interface, as well as a solid development team behind it.
The platform seems to be geared towards frequent traders, and could be a good fit if you are on Binance, and trade a lot. Even with the more basic trading tools that Signal offers regular traders will probably have a much raiser life.
If you are looking for a one stop trading bot platform, Live Trader could be the thing for you. Depending on which plan you decide to sign up for, Live Trader will give you access to 25, 250 or 1000 unique trading bots.
Live Trader also works with some of the largest crypto exchanges out there. You can use Live Trader with Polonix, Bitstamp, Bitfinex, Binance, KuCoin and Kraken. The platform is 100% cloud-hosted, which makes it easy to run on just about any hardware there is.
Connecting Live Trader to your exchange, or exchanges of choice is simple, and Live Trader has lots of support tools online to help its clients get their account set up quickly.
The real advantage that Live Trader offers clients is the sheer number of trading bots, as well as a novel back-testing system. Unlike some platforms that need direct access to an exchange to do backtesting, Live Trader can run advanced backtesting simulations on paper.
Live Trader Offers a Lot
The first thing to notice about Live Trader is the number of exchanges that it will function with. Instead of being limited by your trading bot, Live Trader gives you numerous choices for an exchange. It also allows you to run multiple trading strategies at the same time, depending on which plan you decide to purchase.
While Live Trader is a pay-only service, it does offer a limited free trial so you can learn more about what you would be buying if you sign-up. The basic plan allows you to run one strategy, the mid-level plan gives you five simulations strategies, and the top-level plan that gives you 1000 bots to choose from will let you run 10 of them at once!
If you are wondering about pricing, the base plan costs $15 USD per month, the mid-level plan costs $39 USD per month, and the top-level plan will run you $79 USD per month. Given that Live Trader takes care of all the hosting, the rates it charges aren’t unreasonable.
Geared for Algos
Live Trader is definitely set up for traders that want to use algos. If you are looking for a platform that will give you some advanced order types, and a few basic algos, Live Trader might be overkill. On the other hand, if you are looking for a deep selection of automated trading algos, Live Trader could be a perfect fit.
There are a truly amazing number of automated trading algos on Live Trader. In addition to the algos that Live Trader has available, there is also an algo marketplace you can browse through.
If you would like to develop your own trading tools, Live Trader has a strategy builder that will allow you to construct your own strategies, and back test them on any exchange the platform supports. All of this adds up to a huge selection of algos for automated crypto trading on some of the most popular crypto exchanges out there.
Not a Freebie
Live Trader does deliver a lot of algorithmic trading, but it isn’t cheap. If you are on the fence about how algos might fit into your crypto trading, Live Trader could be a lot to take on at first. The entry-level plan Live Trader isn’t too expensive, and could be a good place to get started with automated crypto trading.
With all the features that Live Trader includes, it is reasonable to expect that the more advanced plans would cost substantially more.
Live Trader lets you trade on numerous exchanges with a multitude of algos at the same time, which isn’t the easiest thing to do on the back-end. All those cloud servers cost money, and doing the same thing on your own machine would get expensive.
Live Trader is a Great Platform for Algo-Driven Trading
There isn’t any getting around the amount of algos that Live Trader lets you access with either the mid or high level subscription. Having 250+ algos to choose from is an amazing tool set for any crypto trader to use.
If you are looking for a platform that delivers loads of algos, works with many of the most popular crypto exchanges, and lets you do extensive off-exchange backtesting, Live Trader is worth learning more about.
All of the plans also have a solid support system backing them up, which you can learn more about on the platform’s website. The homepage also offers a chat window, which is nice to see!
GunBot is a well known cryptocurrency trading bot which uses individual strategies that are completely customisable to fit your trading style. It can operate on the following exchanges: Bittrex, Binance, Poloniex, Bitfinex, Cex.io, GDAX, Kraken and Cryptopia. You can run the bot on your own computer or use a VPS and can manually add different coin pairs, pick a strategy and set it to work.
GunBot a versatile trading platform, and it also offers a lot of value for the money. The platform has a few different plans, that range from 0.04 BTC for the Starter Edition to 0.3 BTC for the Ultimate Edition. At current prices, the starter edition would only cost $160 USD, and offers users the option to buy a lifetime license for an additional fee.
The features that GunBot includes in its Starter Edition are worthwhile for the price. Included in the Starter Edition is a copy of GunBot Lite, as well as three algos to choose from. The next two levels add loads of functionality, with the Pro Edition adding backtesting capabilities, and cryptosight as standard features.
GunBot can be used on any of the major platforms, including Linix or VPS. It is estimated that there are more than 6,000 traders that use GunBot on a daily basis, and it has gotten numerous positive
Gekko is an open-source trading bot and backtesting platform that supports 18 different Bitcoin exchanges. Gekko is entirely free and can be found on the GitHub platform. Gekko is a relatively straightforward trading app to use that includes an interface and basic strategies from the outset, which allows you to be more comfortable with the use of the bot.
Gekko also has a number of plugins available that will allow you to be updated regardless of what level of connectivity you have. Although Gekko is not a high-frequency trading bot (making only a couple of trades per week, depending on configuration), nor a bot which allows you to exploit arbitrage opportunities, its list of supported exchanges and basic strategies means that it is probably a good place to start for anybody interested in utilizing Bitcoin trading bots.
Similar to Gekko, Zenbot is also an open-source trading bot for Bitcoin traders. As an open-source project, Zenbot is available for users to download and modify the code as necessary.
However, there have been question marks in the community over the development of Zenbot, with no updates having been made to the platform for a significant number of months. This means that no additional exchanges have been added to the platform for almost one year, meaning that it may have access to less information than some of its competitors. However, on the positive side, Zenbot, unlike Gekko, does offer high-frequency trading as well as supporting multiple cryptocurrencies in addition to Bitcoin.
Reasons to Consider Using a Bot
Cryptos are a great new asset class, but it is hard to create a return from them in the same way that cash or a stock creates value. Most people associate stocks with gains from price appreciation, but many of the best stocks pay out dividends. There isn’t really an analogue for this in the crypto market, unless crypto owners lease out their cryptos to derive an income from their holdings.
From an investment standpoint, passive income is extremely important. As the last year has shown us, we can’t assume that asset prices will show gains year-over-year. One argument for holding stocks through a bear market is that they will continue to pay dividends, which can then be reinvested in the company when the stock prices is depressed.
Cryptos are more like a commodity than a company from an investment standpoint, which leaves investors with something of a problem. There is absolutely no reason to hold on to a commodity in a bear market, as it doesn’t deliver any kind of return aside from price appreciation.
Trading Bots Give Crypto Investors Income Options
If you want to put your crypto portfolio to work for you, trading bots could make sense to use. There are many different kinds of bots out there, and some can take advantage of market movements to create gains automatically.
Instead of relying on dividends, trading bots allow you to leverage your crypto holdings to make an income via trades. This system of income generation may not be quite as secure as compounding dividends, but it is one of the only options available to crypto investors.
The ‘bot’ is important because unlike a human, it is awake and looking for income opportunities 24/7. Of course, there is no such thing as free money.
Any risk that can generate a return has the potential to lose money. It is a good idea to make sure that any automated investment platform you choose to trust with your cryptos can prove that it works with a verifiable transaction history.
Be Realistic About Returns
It is easy to get carried away with dreams of quick money made in the financial markets.
The years that led up to the massive crypto rally of 2020 were amazing, but now the reality of the crypto market is setting in. If you are looking to make the kind of returns that many saw in 2020 with a trading bot, you will probably be disappointed, or go broke.
The simple fact is that in order to create returns, you have to take on risk. The bigger the risk, the greater the possible return. On the other hand, when you take big risks, the possibility that you will face catastrophic losses is very real. There isn’t any algo that can ‘de-risk’ trading, no matter how advanced it is.
If you are looking to make 3-6% per year on your crypto holdings with a trading bot, you will probably find something that works for you. There are many low risk trading strategies that do produce returns, and an algo will make sure that you don’t lose your discipline lunging for the brass ring.
Keep in mind that a portfolio manager than can consistently produce annual returns around 10% will beat 99% of professional money managers. Expecting an algo to do more than that probably isn’t wise.
Trading bots can assist traders in ensuring that they are always interacting with the market, even when they are physically unable to do so. They can assist in removing some of the stress and emotions that are often found in any financial trading markets, not least the cryptocurrency market.
However, trading bots are not for everybody, nor does everybody need one. Casual investors are not the prime target of trading bots, and if your intention is to buy and hold Bitcoin then a trading bot is probably not the correct investment for you.
In addition, if you are not a competent programmer or familiar with the creation of financial strategies, trading bots may also not be for you. However, if you have the requisite knowledge and ability to overcome these obstacles then a trading bot can be a worthwhile tool in monitoring and making gains from the Bitcoin market.
Free Trading Education!
Free Demo Account!
Big Sign-Up Bonus!
Good Choice For Experienced Traders!!!