Overview of 7 Cryptocurrency Trading Bots
Hello, visitor!
Baseline: Life is moving to automation. Trading, precision- and speed-sensitive activity, is moving to automation. Why? — Robots don’t miss opportunities and avoid human-like mistakes, bringing trader to a long-way stable income.
Professional market participants should diversify their strategies by adding automated algorithms. To better control risks and make more money. As well, automation opens arbitrage and market-making strategies.
Thanks to user-friendly interfaces, one-click-launch offers and transparent statistic, an average crypto user may enjoy the market life and enforce passive income via trading robots without giving full time to market research and observation.
Let’s get to the topic!
List of platforms, providing trading automation:
1. Bitsgap
Bitsgap Usability:
➜ One trading Terminal for 28 major crypto exchanges like Binance, KuCoin, Poloniex…
➜ Portfolio observer (assets, deals, positions, value change) across all exchanges
➜ Arbitrage monitoring (available only in subscription from 44$/monthly)
➜ Unlimited number of simultaneously open orders, including stop-limits and smart-orders with trailing stops. “Iceberg buy/sell orders” — they aren’t visible in the order book until the price will reach goal target (order is stored in Bitsgap “memory” and will be immediately sent to exchange order book as the price is reached)
➜ Dynamic feed with hundreds of free automatically predicted Trading Signals
➜ Two types of Trading Bots:
- 1st type: Grid Strategy — the bot will execute buy/sell orders in certain price range earning on market volatility something like 0,3% per deal.
- 2nd type: Scalping strategy — the bot will do high-frequency trades following the smallest price change. The idea is pretty similar to Grid Strategy but assumes higher returns due to more market opportunities realized per unit of time.
They're a list of ready pairs eligible to start bot on them. They’re calculated automatically by Bitsgap.
Bitsgap Pricing & Supported Exchanges
Free: Any user can launch one Bot and conduct trades, but monthly turnover is limited by 1000$. It would be enough to test the platform and keep small bot (equity below 100$)
Three paid plans available with extended opportunities:
2. Cryptorobotics
Cryptorobotics Usability
➜ One trading Terminal for 11 crypto exchanges
➜ Portfolio observer (assets, deals, positions, value change)
➜ Auto following trading strategies
➜ Manual Signal Trading
➜ Two types of Trading Bots:
- Optimus: the algorithm based on RSI oscillator
- Cyberbot: the algorithm based on MA (moving averages) indicators
There’s a few “1 click to start” bots with the transparent statistic.
Cryptorobotics Pricing & Supported Exchanges
3. Cryptohopper
Cryptohopper is the Comprehensive Hub of Tools for Building and Managing Automated Crypto Trading Strategies.
Cryptohopper, probably, one of the best solutions for corporate financial trading companies.
Cryptohopper usability
➜ Portfolio observer (assets, deals, positions, value change)
➜ Charts with automated technical analysis giving buy/sell conclusions
➜ Bots builder: bots may be customized from scratch or created from a whitepaper. Users can interact directly with bot’s source code and load ready configs in JSON format.
➜ Backtesting tool to check the bots efficiency in the retrospective.
➜ 2 Types of Automated Signals Trading:
- 1st, technical, based on analysis and market data
- 2nd, social, which are generated after some opinion leader gives public advice to buy some coins.
➜ Arbitrage cryptocurrency across Exchanges
➜ Market Making Bot: Trade on the spread, manage price fluctuation and create market trends.
➜ Marketplace of Automated Trading Strategies, some of them are free and some cost $5–$25
➜ Educational courses and a wide library of guides and instruction on how to use Cryptohopper from the Beginner to Pro level.
Cryptohopper Pricing & Supported Exchanges
4. 3Commas
3Commas provides easy-to-start trading bots and smart trading tools
3Commas Usability
➜ Portfolio observer (assets, deals, positions, value change) + observation of portfolios of other users
➜ One Trading Terminal for all exchanges
➜ Smart-orders with 2 unique features:
- Smart Sell orders: “You bought some coins, now you want to get a profit from selling them. You go in this tab and configure Smart Sell deal: putting the price of the purchase, wished profit amount(%), stop loss amount (how many you ready to lose if the market scenario reverse). 3Commas will take care of your sale procedure so that you don’t need to watch for market changes — the Sell Order will be automatically Placed and Executed.” — The idea is that you can now afford Stop Loss on Assets which aren’t placed in Sale Yet, understand?
- Smart Cover orders: Sell & Repurchase your coins in 1 Order. You can plan the Sale of coins and Buy of them by a lower price if the market price allows.
➜ Two types of Trading Bots:
- DCA Bots: customizable bots which operate in term of technical analysis and market data. There’re ready presets with transparent statistic available.
- Grid Bots (Simple bots): the bot will execute buy/sell orders with equidistant price in a certain price range. Earning on flat trend market volatility.
➜ Marketplace with Automated signals. There’s the catalogue of signals providers which the user may pick and follow trades from in automated mode. Signals may be free or paid ~ 20$/monthly per one feed.
➜ Social Networking: Users can visit other Users profiles and copy their strategies
3Commas Pricing & Supported Exchanges
5. HassOnline
HassOnline Bot is private-orientated and deployed only on the dedicated server, However, the company conduct beta-test for Cloud Version of Bot (running online, don’t need downloading of software)
HassOnline Usability
➜ HaasOnline provides many templates for bots, some of them:
- Accumulation Bot. It will execute market orders with randomized order sizes and time delays (between orders) to increase your volume presumption in the pair.
- Scalper Bot. The bot attempts to scalp prices. Scalper bots work best on small and quick changes, making it useful in a sideways market. Use this bot with small amounts.
- Ping-Pong Bot. The Ping Pong bot works very much like the Scalper Bot. Instead of basing the targets on the last buy and sell price, the Ping Pong bot sets its targets dynamically based on historical data.
+Crypto Index Bot, Email Bot, Flash Crash Bot, Intelli Bot Alice, Inter-Exchange Arbitrage Bot, Mad Hatter Bot, Market Making Bot, Order Bot, Ping Pong Bot, Scalper Bot, Scripted Bot (C#), Standard Trade Bot, Trend Lines Bot, Zone Recovery Bot.
➜ Bots backtesting on retrospective market data
➜ Arbitrage across exchanges
➜ Insurance strategies injected in management strategy (some prior conditions which will dominate over bots setup sometimes if needed)
➜ Trading Signals
➜ Access to the source code of the bots and API for developers
HaasOnline Pricing & Supported Exchanges
HaasOnline accepts payment via Bitcoin only.
There’s the guarantee of 14-days refund if not satisfied.
6. Kryll
Kryll is a fashionable platform for cryptocurrency trading automation with unique bots builder interface and catalogue of ready strategies. The platform has its own token KRL (Market cap ~ $1,2mln), which may be purchased on Liquid and HitBTC exchanges or directly with the bank card.
Kryll Usability
➜ Portfolio observer (assets, deals, positions, value change)
➜ Smart Trading: Smart Buy, Smart Sell, Smart Take Profit/Stop Loss, Trailing Stops.
➜ Visualized Strategies Builder. Unique of its kind.
➜ Backtesting of Strategies on retrospective market data
➜ KRL token staking allows getting a discount
Kryll Pricing & Supported Exchanges
Fee payments are done only in KRL. So, you have to buy KRL to use Kryll.
The fee depends on trading volume and uptime of launched bot. You pay 1% from funds invested in automated strategy per month, the fee is charged every minute in KRL.
Example: You have invested $500 (equivalent) in a bot for 14 days. Then your total fee will be $5 (1%)/30*14 = $2,33
There’s no subscription, but KRL-holders receive discounts on their trading fees.
7. Gunbot
Gunbot is another representative of server running bots, which mean, users have to download software and keep it on own PC or Private Server.
Gunbot Usability
➜ Trading Terminal for any Exchange
➜ Very wide pool of supportable exchanges
➜ Standart bot with automated trading pre-sets: conservative, average and high — risky strategies.
➜ Market Making Bot
➜ Automated Arbitrage Bot
Gunbot Pricing & Supported Exchanges
There’s no trial version.
Payment in BTC.
Each Bot is purchased separately, cheapest for 0,02BTC, most expensive (Arbitrage Bot) for 0,95BTC.
There’s no subscription, but Lifetime License.
Gunbot supports more than 100 exchanges and give exclusive opportunity to connect some of them which aren’t supported by any other bots provider.
Which platform to pick? — My Opinions, Suggests
Try all platforms by self to determine which is the best personally for you!
If you want first-try bots, pick Bitsgap or Kryll without requiring a subscription purchasing.
Take a look to Cryptorobotics or 3Commas or Cryptohopper, if you want to enjoy profitable auto-following trading by copying someone’s deals
Know better Cryptohopper if you are in a team and need a wide functionality of automation, including reports auto-export, auto social sharing, notifications to different sources etc (if your needs go beyond just trading)
Do you need more privacy? Then Gunbot and HaasOnline are excellent and powerful tools to launch bots on a dedicated server.
Working with source code? Cryptohopper allows to load, edit and test strategies through its interface.
Your assets allocated on a rare exchange? — Gunbot can connect to a hundred!
Looking to Arbitrage across exchanges?- Bitsgap, HaasOnline, Gunbot, Cryptohopper
Thank you for reaching out this overview. Hopefully, you found what you were looking for : )
