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Top 7 Crypto Trading Bots in 2022

date May 22, 2022 time 6 min read 152 views

When a market opportunity is detected, crypto trading bots do the work of trading. Crypto trading bots have the potential to outperform human traders since they are intelligent, automated, and data-driven. This article will show you more about crypto trading bots and summarize the best crypto trading bots currently available.

Are you looking for the best crypto trading bot to assist you in navigating the crypto markets? This article is for you; continue reading to learn more.

Trading bots enable cryptocurrency investors to automate the purchase and sale of positions based on key technical indicators. Bots use specific trading strategies to maximize the percentage of profitable trades. Numerous strategies trade on a variety of indicators, and if you already trade on indicators, a crypto trading bot may help you streamline the process.

What is Crypto Trading Bot?

A cryptocurrency trading bot is a computer program that buys and sells different types of cryptocurrencies at predetermined periods, either set by the trader or by the program’s algorithm, in order to generate a profit.

If you want to automate your trading, you can use a crypto trading bot. When a coin reaches a certain price or signal, the bot will buy or sell it for you. When these price fluctuations occur, your bot places and execute your order for you, saving you from having to monitor your platform all day.

A crypto trading bot is a computer program that buys and sells various types of cryptocurrency at predetermined times. (Source: Pixabay)

Signals, patterns, algorithms, expert trader input, presets, parameters and a variety of other factors are used by these bots to execute trades based on market conditions and triggers. A crypto trading bot is not a substitute for a human trader, but it can be a useful tool to have, particularly if you are a crypto day trader.

For example, the bot may be designed to sell a number of coins for $15 and then buy them back for $8. Users must pay a monthly or yearly subscription to the bot’s supplier in order to use the bot’s services.

List of the best crypto trading bots

1. CoinRule

Coinrule is a cryptocurrency trading bot created in 2017 by a team in the United Kingdom. Coinrule currently supports ten cryptocurrency trading exchanges for integration, including Binance, Huobi, Bitfinex, OKEx, and HitBTC… This cryptocurrency tool is ideal for developing, building, and implementing cryptocurrency trading strategies.

There are over 150 customized trading templates with established parameters, stop-loss and holding techniques for you to choose from. You can also select price packages to suit your budget, and up to $3,000 in monthly trading volume.

CoinRule allows for multi-currency trading. The current pricing for this cryptocurrency tool ranges from free to $29.99 per month. There are mobile applications for Android and iOS in addition to the online interface.

2. Pionex 

Pionex is one of the best crypto trading bots because it comes with 16 free in-built trading bots. Pionex’s bots help you make money by trading in cryptocurrency on your behalf for a small trading fee of 0.05%.

The Grid Trading Bot, which helps you sell high and buy low, is one of its most popular bots. Dollar-Cost Averaging (DCA) Bot schedules repeated purchases at regular intervals to compensate for volatility. Spot-Futures Arbitrage bot, in particular, allows you to earn 15-50 percent APR with little risk.

3. TradeSanta

TradeSanta, one of the best trading crypto bots, allows you to easily manage your risk. You can choose the trading style that best suits your personality, as well as set a profit target and have the deal closed automatically when the time comes.

The cloud-based crypto trading software TradeSanta is suitable for both beginner and experienced traders. TradeSanta currently supports the integration of 8 crypto trading exchanges, including Binance, Huobi, and others. This cryptocurrency tool is now priced between $14 and $30 each month.

Long and short methods, different indicators, and a responsive support crew are all available with TradeSanta. Buy tokens at a low price and sell them at a high price with a long trade. You can utilize grid or DCA bots with this software, or you can use Smart Order to place orders.

4. 3Commas

3Commas is one of the best trading bots for increasing profits while minimizing losses and risks. You can make money quickly and easily with this program while also developing a trading strategy based on more than 20 different trading indicators.

3Commas helps you trade at any time of day or night. Other bots’ settings can be used as a guide for your own. You can also choose between Single and Multipair bots, depending on your investment approach.

Crypto trading bots eliminate the emotional side of trading, which can lead to blunders, and allow traders to trade more quickly. (Source: Pixabay)

5. Botsfolio

Botsfolio is one of the best crypto trading bots on our list. This crypto tool is ideal for beginners and non-programmers who do not want to deal with a lot of coding.

Botsfolio allows you to invest in cryptocurrency by connecting a cryptocurrency exchange account and defining your investment strategies. Trading bots can be created without any programming knowledge. It works by exchanging money for you. Botsfolio supports automated trading if you have accounts on the cryptocurrency exchanges Binance, OKx, and Coinbase Pro.

After depositing money or cryptocurrency into these exchanges, you can connect your accounts to the bot and decide whether and how to invest your funds in scalping, futures trading, value investing, and hedged trading strategies. You will specify the amounts to be allocated to each strategy, and the bots will apply the rules automatically.

6. CryptoHopper

The CryptoHopper is a cloud-based cryptocurrency trading bot that uses an algorithmic trading method and allows users to execute intelligent trades using external signals. It may be used with nine different cryptocurrency exchanges, including Coinbase, KuCoin, Binance, OKEX, Huobi, Kraken and others.

It allows you to take advantage of both free and paid signals from various sources. It is based in Amsterdam, Netherlands, and employs over 30 trade indicators as well as over 90 candle patterns. It operates around the clock and trades 75 different cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and Zcash…

7. Shrimpy.io

Shrimpy is a portfolio management and trading platform that allows users to trade and track their portfolios across multiple exchanges from a single platform. You can manage and trade assets on 16 different exchanges. On the platform, crypto-bot trading is also done using various indicators and strategies.

You can automatically rebalance your portfolio to copy the accounts you’re following by simply pressing the automation button. When the portfolio of the person you follow changes, your portfolio will adjust by the account automatically selling or buying.

In addition, Shrimpy allows you to social trade by following other users’ trades. This is beneficial to both novice traders and those who wish to earn commissions by sharing social transactions.

To conduct trades, most trading bots merely employ signals or algorithms, risk assessment, and execution, so you’ll need to monitor and adjust your approach on a regular basis. (Source: Pixabay)

Cryptocurrency trading bots can be a very useful tool for traders, but only if used correctly. When looking for the best crypto trading bot, there are several factors to consider. Choose one that is less expensive, allows backtesting of automated trading strategies, and, most importantly, supports multiple indicators and trading strategies.

The best crypto trading bots are those that you can use for free before subscribing to paid plans. This allows you to test whether they work. Finally, do thorough research on any bot to ensure its legitimacy and whether it could be a useful trading tool for you.

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George Schooling

George Schooling

Earn up to 15% APY on your idle stablecoins (USDC, USDT)

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