We have compiled a list of top trading bots based on the following factors:
- Trading strategy. What strategy or strategies can the bot implement? What sort of order types it supports and how much you can customize it?
- User Interface. how well the UI/UX of the bot is designed so that its easy for day traders to perform operations faster without any complexity.
- Ease of use. Some bots have preprogrammed strategies set up and ready to go while others allow you to program them however you want so you can implement your own strategy. The right platform for you may depend on your level of trading and coding knowledge, so make sure any program you choose is easy to understand and use.
- Speed. What is price latency from exchange data? How fast an order gets executed from the time it is placed on the platform. Ability to catch highs and lows in fast-moving markets.
- Cost. Some bots don’t charge trading fees but many do. Compare the cost of different options and make sure you know exactly what you’re paying for.
- Security. Authentication methods, 2 Factor authentication, API key encryption mechanism. Privacy policies related to users trading data.
- Reputation. Does the bot have a good reputation among the wider crypto community? Check online forums for reviews from other users to see if the bot is legit and if they’d recommend using it.
- Exchanges. While most reputable bots will work with most reputable exchanges, make sure any program you choose will allow you to trade on the exchange(s) you want to use.
3Commas is one of the most well-known trading bots in the market. The name referencing the billion-dollar club is a Russian made software solution.
3Commas is a crypto trading terminal which features bot trading and portfolio management. It features a SmartTrade terminal which allows users to execute orders and trades, set bot-trading and stop-loss/profit positions.
Their plans range in pricing from $22 to $75 per month.
Binance, CEX.io, Coinbase Pro, Bittrex, BitMEX, Poloniex, YoBit.net, KuCoin, Bitfinex, OKEX, HitBTC, Huobi Global, Bitstamp, Cryptopia.
Cryptohopper is a crypto trading platform that focuses on automated bot and copy trading. Cryptohopper allows users to trade based on either their own personal indicators or copy other traders’ strategies.
Users can build a trading strategy using over 130+ indicators & candlestick patterns in Cryptohopper’s trading strategy designer. It also features a marketplace where users can buy-and-sell trading signal and strategies from preconfigured setups from screened traders.
Cryptohopper also offers paper trading for those interested in trading “risk-free”
Their plans range in pricing from $19 to $99 per month.
Huobi, Binance, Poloniex, Bittrex, Coinbase Pro, Kraken, Bitfinex, KuCoin, Cryptopia.
Trailingcrypto is a trading terminal aimed at unifying trading across exchanges and providing various Strategies which are natively not supported by exchanges. For eg., a trader can place Trailing Stop order, oco order, oso orders etc. even if exchange provides only limit buy/sell order type. It provides more advanced features like Telegram and Email triggers for pro users. Users can use hundreds of indicator available in tradingview to execute trades via Trailingcrypto.
Trailingcrypto also offers paper trading for those interested in trading “risk-free” by selecting “demo” while placing trades.
Plans range in pricing from $8.34 to $11.99 per month which is cheapest among all trading bots.
Huobi Pro, Binance, Poloniex, Bittrex, Coinbase Pro, KuCoin, Cryptopia, CEX.IO, Hitbtc.
Cryptotrader is a cloud-based algorithmic trading platform for Bitcoin and other cryptocurrencies. Cryptotrader provides automated trading bots on a scalable cloud capable of providing instant alerts and notifications.
In addition to automated and indicator-based trading bots, Cryptotrader also has a Strategy Marketplace that lets users purchase trading strategies. Cryptotrader also lets users backtest trading strategies.
Their plans range in pricing from $16 to $200 per month.
Binance, Kraken, Coinbase Pro, Bittrex, Bitfinex, Poloniex, Huobi, Bitstamp, OKCoin.
HaasOnline is an automated crypto trading bot that lets users automate their crypto trading strategy in all their exchange accounts from a single customizable dashboard.
HaasOnline offers complete and granular control for each trading bot, offering a wide configuration of trading indicators into each bot.
HaasOnline is able to support multiple-exchanges, effectively allowing users to identify and execute on arbitrage opportunities.
HaasOnline offers quarterly subscriptions starting at .04 BTC.
Binance, Bitfinex, BitMEX, Bitstamp, Bittrex, CCEX, CEX.io, Cobinhood, Coinbase Pro, Deribit, Gemini, HitBTC, Huobi, ionomy, Kraken, KuCoin, Nova, OKCoin, OKEX, OKEX Futures, Poloniex.
ProfitTrailer is a crypto trading bot and terminal software that lets users construct their own trading bot based on indicators or signals.
In addition to indicator and signal-based trading, ProfitTrailer also lets users subscribe to signals and run concurrent trading strategies on a single exchange. It also has an advanced paper trading feature for no-risk traders.
ProfitTrailer offers monthly packages from €39/month to €89/month, with the option to purchase lifetime licenses.
ProfitTrailer supports Binance, Bittrex, Huobi, Kucoin, Poloniex, VPS.
Some less popular bots in the market worth mentioning that are gaining momentum:
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 $15.99 per month till its beta ends.
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.
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.
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.
Cap.club has one of the simplest and most intuitive dashboards out of all the trading bots. When you create an account, you will be greeted with a tutorial to help you set up exchange keys and an explanation on how to use the various trading tools. Currently, Cap.club only supports two exchanges: Binance and Bittrex, but that may change in the future. Some of the more useful features of the trading bot include the ability to create simple limit and market orders, smart selling based on a market growth strategy, support for E-mail signals, and trailing Buys / Sells. Moreover, the initial account is free unless you want to upgrade to the pro version which only costs $30 a month and allows you to run more than 3 bots simultaneously and get notifications to Telegram.
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
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 2017 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 2017 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 3–8% per month 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.
To see a detailed comparison of some of these platforms. Have a look: