Crypto trading bots are effective tools used by traders to automate their activities in the crypto market. They make trading easier for users, and they work round the clock, so you can consider them your personal assistant who doesn’t go to sleep.
This guide reveals the best Bitcoin trading bots on the market, including their features, pricing, and exchange integrations.
What Are Crypto Trading Bots?
Before getting into the core details of the best cryptocurrency trading bots that make our list, it’s crucial to understand what these tools are and how they work. That way, you can make the most of them when trading.
Crypto trading bots are automated trading tools that can buy and sell Bitcoin and other digital assets on behalf of their users. The robots leverage artificial intelligence (AI) and sophisticated algorithmic trading features to achieve this.
They are trained with various data, including historical coin prices, market trends, signals, patterns, and other critical factors to open and close trades with the goal of making profits. In other words, a crypto trading bot requires little human input, making it less susceptible to errors.
Another reason traders choose trading bots when investing in cryptocurrencies is because they can be integrated into different cryptocurrency exchange accounts.
The seamless integration makes them more efficient than human efforts because they can scan the market and combine multiple trades on various platforms.
However, it’s important to understand that a crypto trading bot isn’t a total replacement for a human trader. You need to program it with your preferred instructions the bot should work with.
They also need constant monitoring and tweaks in line with current market conditions for the best results.
Moreover, like your software cryptocurrency wallets and other internet-based trading and investment tools, a crypto trading bot can access your personal information on connected exchanges.
That means you may fall prey to crypto scams if adequate security measures aren’t put in place.
Best Crypto Trading Bots 2024
Now, let’s look at each crypto trading bot that makes our list and why they rank as the top 10 Bitcoin trading robots in 2024.
Zypto
Zypto takes the lead among the best options to consider when thinking of using a crypto trading robot. Though it isn’t precisely a crypto trading robot, the platform provides cryptocurrency enthusiasts and businesses with various products and services, including cryptocurrency wallets, physical and virtual crypto cards, and crypto payment gateways.
Crypto doesn’t cater to only individuals or retail investors, companies interested in building AI trading bots can take advantage of Zypto’s white-label solutions or in-house Web3 development team for a custom crypto trading bot.
Additionally, Zypto has user-friendly decentralized finance (DeFi) and Centralized finance (CeFi) wallets that connect seamlessly with various exchanges. So, whether you prefer a centralized exchange (CEX) or a decentralized exchange (DEX) platform, you’ll find a solution for you.
3Commas
3Commas is arguably the most popular crypto trading bot on the market. The automated trading platform supports Bitcoin and altcoin trading across 14 of the world’s largest crypto exchanges. These include notable names like Bybit, Binance, Bitget, Kraken, and Coinbase.
According to its website, 3Commas makes crypto trading easier regardless of the market conditions. The platform has dollar-cost averaging (DCA) Short bots for trading in the bear market, DCA Long bots suitable for the bull market, and Grid bots for trading sideways.
What stands out with 3Commas is the “Bot presets” feature that allows users to copy trades from more experienced traders. Instead of figuring things out on your own, you can use the copy trading opportunity to get into the market quickly for potential gains.
However, 3Commas isn’t for all kinds of traders. The AI trading bot is relatively complex, making it ideal for seasoned traders and investors. One way 3Commas solves this challenge is by offering a free plan for beginners to get more accustomed to its features.
For better access to the platform’s tools and features, there are paid plans starting from $37 per month.
TradeSanta
With beginner-friendly automated trading possibilities, TradeSanta stands out in a sea of Bitcoin trading bots. The automated trading tool provides users, especially beginners, with various features to navigate the market.
These include algorithm-backed strategies, trading signals, and copy trading features to access pro trades and make smart trading choices.
You can also connect a TradeSanta account to 9 different crypto exchanges, including Kraken, Binance, OKX, Coinbase Pro, and Bybit. This makes it easy to use a single bot on various platforms and make the most of the opportunities.
Moreover, TradeSanta has various bots for the spot and futures markets. Its Smart Trading bot allows users to manage risks using strategies like stop loss, trailing stop loss, and take profit. The Futures bot helps experienced traders execute futures trading with up to 200x leverage.
However, unlike 3Commas, TradeSanta offers only subscription-based services. New users can only enjoy a 3-day free trial and demo bots to test the platform. Afterward, you must subscribe to a plan starting from $25 per month.
Gunbot
If you’re looking for a Bitcoin trading bot to automate your trades, Gunbot is another option to consider. The user-friendly trading robot offers users access to 20+ CEXs and DEXs, including Binance, Bybit, dYdX, BingX, and Huobi.
That means you can do more than just crypto trading with Gunbot. The tool can help you reach more exciting possibilities in the DeFi market.
On Gunbot, you can trade using preset strategies or configure your bot to trade using custom instructions. So, whether you’re a beginner looking to trade instantly or a pro trader with various strategies, Gunbot can work for you.
Another standout feature of Gunbot is its high support for user privacy. Unlike many trading bots on the market, Gunbot doesn’t collect user data or monitor trading activities. Your transactions are simply stored on your exchange only.
The platform also offers unlimited trading pairs to suit all manners of users, and their asset choices. Gunbot offers a one-month free trial, making it one of the best crypto trading platforms to test before committing to one.
After the trial period, you can get a Gunbot account starting from $29 monthly.
CryptoHopper
CryptoHopper is an AI crypto trading bot that supports every kind of trader. It offers basic features, including automated trading and social trading to beginners, making it easy for you to copy trades from its open marketplace. So, you can execute trades without constantly watching the market.
Moreover, you can use the bot’s DCA tool to balance risks and rewards if you’re unsure of how to manage crypto trading risks.
What makes CryptoHopper stand out from its competitors is its easily-customizable features. The platform allows experienced traders to train their bots with various strategies and carry out backtesting before launching into the market.
Besides, you can connect CryptoHopper to exchanges like Kucoin, Binance, OKX, Bybit, and Kraken to automate your trades simultaneously.
Interestingly, CryptoHopper has a free account with unlimited copy bots. You can also get a 3-day free trial for paid accounts starting from $29 per month.
Coinrule
If you’re a crypto trader with an interest in the stock market, Coinrule is the ideal trading bot for you. The automated trading platform supports spot and leverage trading on popular exchanges like Coinbase Pro, Binance, and Kraken, allowing you to trade across their individual markets.
You can take advantage of over 150 trading strategies available on Coinrule, including short-selling or long-selling and risk-management strategies for finding a good balance between risks and rewards.
Besides, Coinrule stands out with its massive library of learning resources for users to understand crypto basics or increase their knowledge. All these tools and features are available for free, but a paid version from $14.95 monthly is better suited to experienced traders.
Bitsgap
Bitsgap is more than a trading bot. It’s a crypto asset management tool that allows users to manage their assets on different exchanges in one place.
The platform supports spot, derivatives, and DeFi trading and investment platforms, such as Binance, Kraken, Kucoin, and Bitstamp. However, it stands out with its support for less popular exchanges, including Coinmate, Deribit, and Ripio.
Besides portfolio management, Bitsgap has HD charting tools for fundamental analysis. It also offers various trading bot options, including GRID bots, DCA bots, and COMBO bots. The COMBO bot helps users automate trades in the futures market, making it ideal for pro traders.
Bitsgap isn’t free. However, the platform offers a 7-day free trial on all its packages, starting from $27 per month.
Pionex
Whether you’re looking to buy Bitcoin, Ethereum, or other altcoins, Pionex has 16 free trading bots to help you automate your trading activities. From its GRID trading bot to DCA and Rebalancing bots, you have various AI bot options to make trading easier.
On Pionex, you can execute auto trades in the spot and futures markets. You can also buy crypto directly without linking your exchange account.
One standout feature of the Pionex platform is its exciting reward system. The platform offers up to 2,125 USDT to new users after they sign up. There are also earning opportunities like crypto staking and periodic promotions.
Pionex’s trading bots and features are free. However, it’s important to note that the platform charges a 0.05% trading fee when buying and selling any of the 370+ coins and tokens it supports.
Shrimpy
Shrimpy is another crypto portfolio management platform offering automated trading features. The platform integrates with top exchanges, including Binance, Kraken, and Coinbase and lets you automate your trades on them.
With the automation feature, you can create custom trading instructions or set trading thresholds and let Shrimpy take care of the rest. The platform also offers cryptocurrency research tools, including trading strategies and backtesting, to help users make smart decisions.
It’s important to note that Shrimpy isn’t necessarily a trading bot. It’s more of an automated crypto trading platform that can be configured to users’ preferences.
Another reason users fancy Shrimpy is its free account that allows them to trade on one exchange. Paid plans with additional features are available from $19 per month.
Hummingbot
Last on our list of the best crypto trading bots in 2024 is Hummingbot. The new open-source platform allows users to create, train, and deploy various automated trading bots for trading.
You can create different strategies and use them on various exchanges. However, what sets Hummingbird apart is its support for DEXs and blockchain scaling networks. The platform is also completely free for users.
However, due to its sophistication, Hummingbot is more suitable for experienced users, such as market makers, boutique firms, and blockchain project developers.
Top Bitcoin Trading Bots 2024 – Comparison
Here’s a quick overview of our top picks for the best automated crypto trading platforms.
| Trading Bot | Price | Free Trial | User Level |
| Zypto | N/A | N/A | Beginner to Experienced |
| 3Commas | From $37 per month | ✅ | Experienced |
| TradeSanta | Starting from $25 monthly | ✅ | Beginner to intermediate |
| Gunbot | Standard plan from $29 per month | ✅ | Beginner to pro |
| CryptoHopper | From $29 per month | ✅ | Beginner to pro |
| Coinrule | Starting from $14.95 per month | ✅ | Beginner to intermediate |
| Bitsgap | From $27 per month | ✅ | Intermediate to pro |
| Pionex | 0.05% trading fee | ✅ | Beginner to intermediate |
| Shrimpy | Starts from $19 per month | ✅ | Beginner to pro |
| Hummingbot | Free | ✅ | Pro |
Pros and Cons of Crypto Trading Bots
Crypto trading bots are fancied for their support for trade automation and ease. However, it’s crucial to understand their benefits and downsides to determine if you really need one.
Pros
Trading bots can execute trades 24/7
They make trading decisions based on data, limiting human errors
They can trade multiple trading pairs simultaneously
They can be connected to exchange accounts for seamless trading
They allow users to backtest their strategies to mitigate risks
Cons
Crypto trading bots are not immune to market volatility, so profits aren’t guaranteed
They connect to exchanges via APIs, making them susceptible to hacks and glitches
Most AI trading bots come at a cost and charge trading fees
Things to Note When Choosing a Bitcoin Trading Bot
Though crypto trading bots can automate your trades, they only work in line with preset conditions and won’t adjust to changing market conditions. To get the best outcomes:
Research properly to find a trading bot with a high success rate
Don’t configure your bot and leave it alone. Supervise its activities to prevent mistakes or implement new instructions and strategies in line with the current market situation
Consider limiting your bot from withdrawing your funds on the exchanges you trade to limit your exposure to hacks or scams
Secure your API keys and enable two-factor authentication (2FA) for your bot account
Always backtest your strategies before setting your bot to start trading
Conclusion
Crypto trading bots use AI and sophisticated algorithms to make crypto trading easy for investors and traders. These tools have various strategies you can implement to automate trades round the clock.
However, a balanced approach is imperative if you want the best outcomes. So, ensure you continually oversee your bot’s activities and tweak your strategies when necessary. Also, continue to learn and adjust to market trends to find effective ways to use crypto trading bots.
Whether you want to build a crypto trading bot or develop other crypto-related solutions, Zypto provides various products and services, including cryptocurrency wallets, crypto payment gateways, physical and virtual crypto cards, and Web3 project development.
With Zypto, you can build from scratch or save time by adopting any of our white-label cryptocurrency solutions. Contact us to learn more about our offerings or chat with us about your next crypto project.
Have you traded Bitcoin or other cryptocurrencies using a crypto trading bot? What was the experience like and did you make profits? Share your stories below.
Are Bitcoin trading bots profitable?
Bitcoin trading bots can be profitable, but their success depends on the algorithm, market conditions, and how well they are managed. While some users report profits, there are also risks, and not all bots perform well consistently.
Are trading bots legal?
Yes, trading bots are legal in most jurisdictions as long as they comply with the regulations of the trading platforms they are used on. Users should ensure they are using bots that operate within the legal framework and terms of service of the exchanges they use.
Are Bitcoin bots illegal?
Bitcoin trading bots themselves are not illegal. However, using them for fraudulent activities or in ways that violate the terms of service of trading platforms can be illegal.
It’s essential to use reputable bots and adhere to legal and regulatory guidelines.
Should I trust trading bots?
Trusting trading bots depends on their reputation, transparency, and performance history. It’s important to do thorough research, read reviews, and possibly start with a small investment to test the bot’s reliability.
Be cautious of scams and overly optimistic promises.
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