Best Crypto Trading Bots

Laurence Coyle
CoinForge
Published in
10 min readMar 5, 2021

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best crypto trading bots

Trading cryptocurrencies isn’t easy if you do it manually. The crypto market is highly volatile, meaning you have to follow all ups and downs in prices and buy/sell your digital money to make a profit.

The good news is that you don’t have to worry about that anymore. Many operations are now automated, thanks to cryptocurrency trading bots.

The increase in popularity of cryptocurrencies resulted in bots that can help you with repetitive tasks and simplify your trading operations. The only problem is to decide which bot is right for you.

We created a list of the top 10 crypto trading bots. If you’re interested in using one, please read our guide to learn more about them and ultimately decide on the one that meets your needs. Read on.

Top 10 Crypto Trading Bots

Without further ado, let’s explore the best option for crypto traders at the moment.

#1 Trality

Trality is a bot-creation platform based in Vienna, Austria. Trality provides you with the state-of-the-art tools you need to allow you to create highly-intricate, super-creative algorithms within an educational, community-driven infrastructure that promotes learning and evolution as an algorithmic trader. There are two tools, one for coders and one for non-coders.

The browser-based Python Code Editor allows advanced users to develop cutting-edge algorithms easily. You can make use of NumPy, pandas, and many other libraries to seamlessly create bots in a snap.

The Rule Builder is a more lightweight tool designed for non-coders. Users can create an algorithmic trading bot ‘the easy way’ by just dragging and dropping indicators/strategies from an extensive library which Trality continuously updates.

For both of these tools, you can take advantage of a rapid. Powerful backtester so you can validate your theories before deploying your bots into a live environment.

Trality can connect with most major exchanges: Binance, Kraken, Coinbase Pro and Bitpanda Pro. Pricing plans are flexible and start with a Free account.

#2 Coinrule — Simplified Automated Trading

If you’re new to the world of cryptocurrency trading, we’d argue that Coinrule is one of the best options for you. It’s a beginner-friendly platform that features an easy-to-use interface where each operation is explained step-by-step.

The bot features a library of 150+ templates that have pre-set rules. These are ideal for applying to your trading system as a new trader and should help you notice immediate improvements in your trading strategy.

Once you gain some experience, you can start making templates of your own, following a simple if-this-then-that process.

Coinrule also allows you to use a demo platform, which can help you experiment with various strategies and templates before actually implementing them as part of your trading processes. It should help you avoid possible mistakes in your template and maximize its success.

The bot is available for free. The Starter pack allows you to use two live and demo rules and seven different template strategies. You can connect it to one exchange, and it can support up to $3,000 in monthly trade volume. There are three paid plans, starting at $29.99 a month.

#3 Cryptohopper — Cutting-Edge Crypto Trading Bot

Cryptohopper offers an easy-to-use service that offers a wide range of features to automate your trading processes. The platform will help you make more intelligent trades with the help of various tools, including configurable and saveable templates, customizable technical indications, and a bot backtesting tool.

The bot can be integrated on a wide array of trading platforms, including the most popular ones, such as Binance, Bittrex, Bitfinex, Coinbase Pro, Kraken, Poloniex, Kucoin, and others. Moreover, the team behind Cryptohopper works hard on expanding this list, so make sure to check whether additional exchanges were added in the meantime.

It’s important to mention that Cryptohopper is a semi-automated bot. Like many other bots on this list, it doesn’t guarantee you that you’ll make a profit, but it will make your operations easier, thanks to its fantastic underlying technology.

The free plan offers you 20 positions, portfolio management, and manual trading. However, to experience the true benefits of Cryptohopper, you should opt for one of the paid packages that start at $19/month. There’s even a 7-day trial for the Explorer package!

#4 Quadency — Trade Your Cryptos Smarter

Quadency isn’t a bot. Its creators prefer using the term platform, as it offers an array of features that can help you improve your trading strategy. The site supports more than 3,870 trading pairs and can be connected to 13 world-leading exchanges.

The platform’s services can be divided into three categories: Management, Trading, and Automation, with the last one being considered a trading bot. You can use as many as 11 trading bots if you select the Pro plan. Some bots are based on specific strategies, such as Grid Trader or RSI, while others follow indicators like MACD. If you want to customize your strategies even further, you can use the Strategy Coder option, but you’ll have to know Python for that.

Quadency offers three plans. If you’re a beginner, you should go for the HODL plan free of charge. However, to access many useful features, you’ll have to select either Pro Plan or Institutional. The former starts at $39 (if paid annually), while the latter costs $199 a month.

#5 3commas — Increase Profit & Reduce Risk

3commas is marketed as a “Smart Trading terminal and auto trading bots.” It’s one of the most popular options for crypto traders who want to automate their trading activities and get the best possible experience. However, 3commas features a rather complex UI, making it suitable for traders who already have experience setting up and using other bots.

The bot offers plenty of trading strategies, with some of them being pre-set that are easy to set up and personalize. However, you can also use the more complex strategies if you want, as 3commas offers a wide range of those.

The platform is available on all popular exchanges, including Binance, Bitstamp, Coinbase Pro, Kraken, Huobi, Bitmex, Bittrex, BitFinex, KuCoin, Poloniex, HitBTC, Gate, OKEX, and more.

There are four plans, with the basic one being free of charge. It allows you only one account per exchange and some of the basic features and bots. The starting price for the Starter pack is $14.5 a month. Advanced and Pro plans cost $24.5/month and $49.5/month, respectively.

#6 TradeSanta — Simplified Automated Crypto Trading

TradeSanta is presented as a cloud crypto trading software that lets you pick the fruits of market fluctuations. The site is suitable for beginners and experienced users alike and can be accessed from leading exchanges, including HitBTC, Bitfinex, Bittrex, and Binance.

The two most popular bots are used for long and short trading. They use the technical analysis tools on TradeSanta to analyze the market and initiate the trade. Other features on the site include Grid and DCA, extra orders, technical indicators, and more.

The interface might seem confusing at first, but using the site’s Wizard will guide you through the interface, which should help you get a better insight into how the platform works.

TradeSanta doesn’t have a free package at the moment, but you can have a three-day trial of the Basic package, which otherwise costs $14/month if billed annually. The basic package lets you use 49 bots and imposes no limits on trading pairs and volume. However, to get the most out of TradeSanta, you can select the Advanced or Maximum plans, which cost $20/month and $30/month, respectively.

#7 Bitsgap — All-In-One Trading Platform

Bitsgap is also much more than a trading bot, as it offers a wide array of services, including trading, portfolio arbitrage, signals, and more. It’s an all-in-one platform that helps you improve your trading strategy.

Like many other similar services, Bitsgap is cloud-based, meaning you don’t have to download the platform to access all its features.

It features bots that use an efficient logic that can help you improve your strategy. They are pre-configured and optimized using machine learning as the underlying technology.

If you’re not sure how to use Bitsgap, you can always turn on the DEMO mode that offers a risk-free trading simulator. It will help you test all the features available on the platform before implementing them in your real-life trading strategies.

There are no free plans, but you can use the 14-day trial offered by Bitsgap. Once the trial period ends, you’ll have to choose from one of the three plans, with the Basic one starting at $19/month that comes with a $25,000 monthly trading limit. To remove the upper limit for trading, you’ll have to select the Pro plan that costs $110/month.

#8 CLEO.one — Set up Quick Automated Trading Systems With No Coding

CLEO.one is marketed as a no-coding tool that will help you set up crypto trading bots and strategies in no time. The platform follows the simple if-this-then-that process that’s suitable even for people who don’t have much experience in trading cryptocurrencies. Still, to get the best possible experience, you’ll have to know a thing or two about how bots work.

You can put your newest flexible trading strategies to the test using CLEO.one before putting it to real use. Apart from that, you can access a wide array of features on the site, including technical indicators, charts, candlestick patterns, market caps, trading volume, and more.

Customer support plays an important role on this site, as the support team does a fantastic job at making you feel at home when using CLEO.one.

The site is available for free, but only if you use Binance to trade. You’ll have access to the code-free Strategy Builder, Paper Trading, Live Trading, and more as a free user. Still, many options are pretty limited, and the only way to unlock them is to use one of the paid plans that start at $49/month.

#9 Mudrex — Invest in Crypto Trading Bots

Mudrex isn’t really a trading bot but rather a platform that lets you invest in bots and their algorithms. It’s just like investing in traditional hedge funds, as you have to choose which bots are worth the investment. The site features an easy-to-use interface that’s part of the user-friendly design.

The site allows you to invest and withdraw your money at any time with the help of API key-based investing without paying exit fees. Moreover, you can rely on its Mudrex Protect feature that enables getting your money back if your investment fails to provide any positive returns.

The site has a huge community that’s active on platforms such as Discord all the time, where you can learn more about investing in bots.

#10 HaasOnline

HaasOnline is another great option for experienced crypto traders interested in quickly developing crypto trade bots for a wide array of exchanges. According to the site, you can develop and backtest trade bots in minutes, which is true if you have some prior experience. However, even complete newcomers will be able to get around and reap the benefits of HaasOnline.

If you want to fine-tune your bots, you can learn HaasScript to develop complex bots, which is the official scripting language of the platform. The language can be used with the help of an intelli-sense editor based on a drag-and-drop designer, which facilitates the entire process of developing bots.

Finally, you can backtest and paper trade before deploying your strategies. HaasOnline supports 20+ online cryptocurrency exchanges.

The platform doesn’t feature a free plan. To gain access to its features, you’ll have to spend 0.011 BTC monthly for the Beginner plan. Simple and Advanced plans cost 0.02 and 0.033 BTC, respectively.

Why You Should Consider Investing With a Crypto Trading Bot

Cryptocurrency trading may seem easy on the surface, but to maximize the benefits from market fluctuations, you need to monitor it all the time.

As you already know, the prices of some cryptocurrencies tend to change in an instant, and that’s the perfect time to buy or sell them and make a profit. Instead of just sitting in front of your PC or mobile device and monitoring price changes, you can program a bot to do it for you.

Besides, you’ll have plenty of repetitive and outright boring tasks that will just waste your precious time you can use to focus on developing a better trading strategy. For instance, rebalancing your portfolio is something that needs to be conducted several times throughout the day, and doing it manually is a real mood-killer. Instead, you can set up a bot that will do it for you.

Ultimately, bots will automate all complex operations related to crypto trading. The more you enter the trading sphere, the more complicated it will get, and bots will become inevitable at some point.

What Are the Pros and Cons of Using Crypto Trading Bots

Let’s take a look at the main advantages and disadvantages of using cryptocurrency trading bots.

Pros

  • More clarity to your trading actions. — Bots don’t have emotions, so they won’t make impulse buys as humans do. Instead, they’ll analyze the market and buy/sell only when the situation is optimal.
  • 24/7 market surveillance. — Bots are present on the market all the time. It’s like having a super-human ability to monitor all price changes with the maximum focus.
  • Everything is faster. — Everyone needs to spend some time to execute their trades properly, and sometimes your trade could arrive too late. Automated trading using bots will not result in any kind of delay, as they can be programmed to perform complex operations instantly.

Cons

  • Bots still require some supervision. — You cannot just let bots trade completely on their own. Instead, you have to jump in very often to check them and make necessary changes to adjust your trading strategy.
  • Bots can be costly. — Most platforms that offer bots can charge you $100 or more a month if you use their top pricing plans.

Things to Consider When Choosing a Platform for Crypto Trading Bots

Before making your final selection, you should pay attention to the following aspects:

  • Available features. — Explore all the features that are offered by the service that provides crypto trading bots. These can help you customize your trading strategy, and, ultimately, make more money when trading.
  • User interface & experience. — Some platforms offer a better overall experience, meaning developing and using bots is convenient and easy.
  • Security — Check which security protocols are imposed by the platform offering crypto trading bots.
  • Pricing — Most platforms that offer crypto trading bots aren’t free of charge, so it’s important to get the best service for the price you pay. Some platforms offer free plans, but they are usually very limited.

Final Thoughts

To sum up, choosing the right crypto trading bot isn’t easy, but it’s worth it, as you’ll be able to improve your trading strategy and solve a wide array of obstacles with automation. Feel free to go through the list once again and pick the platform that meets your needs.

Disclaimer: The article is intended to be used and must be used for informational purposes only. It represents the author’s personal opinion and cannot be considered as an investment advice by any means. We insist do your own research and analysis before making any investment decisions.

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Laurence Coyle
CoinForge
0 Followers

I’m Python developer by day job and big crypto enthusiast by hobby. Landed here on medium to share my thoughts and experience I’m having on my crypto journey.