Best crypto trading bots in 2022

Igor Chernysh
Trality
Published in
14 min readSep 17, 2021

When it comes to crypto trading bots, traders are spoilt for choice. But with countless platforms touting their tech as “the best crypto trading bots” out there, how can you narrow down your choices among the many available options?

Top 15 best crypto trading bots

In no particular order, here are 15 of the best crypto trading bots for 2022.

Trality

The future will be an automated one and Trality is fast becoming the go-to place for anyone wanting to experience the power and potential of automated crypto trading bots in a safe and secure manner.

Co-founded in Vienna, Austria in 2019 by Moritz Putzhammer and Christopher Helf, Trality enables traders to create and invest through automated trading bots. Beginners benefit from its Rule Builder, a handy graphical user interface that lets creators build their trading bot’s logic by simply dragging and dropping indicators and strategies with absolutely no coding at all. Advanced users have access to the world’s first browser-based Python Bot Code Editor, which comes with a state-of-the-art Python API, numerous packages, a debugger and end-to-end encryption.

In the market for bespoke bots from trusted sources? In the coming months, Trailty will be releasing their Marketplace, which promises to be a carefully vetted and thoughtfully conceived place for creators and followers to connect — just one of the many reasons why you’re sure to find the best crypto bots at Trality.

  • Exchanges: Binance, Kraken, Bitpanda, Coinbase Pro
  • Costs: Two tiers: monthly (free to €59.99) and annual (free to €575)

Cryptohopper

Frequently listed among the best crypto trading bots, Cryptohopper bills itself as “the leading automated trading bot out there.”

Founded in 2017 by two Dutch brothers, Ruud and Pim Feltkamp, Cryptohopper features mirror trading, paper trading, a strategy designer, automatic trading, and trailing stop loss. Additionally, it allows its users to manage their exchange accounts, use market-making and exchange/market arbitrage and simulate or backtest their ideas.

From its range of tutorials, educational academy, and marketplace to portfolio management for Bitcoin, Ethereum, Litecoin, and 100+ other cryptocurrencies on the world’s top crypto exchanges, Cryptohopper has a lot to offer.

  • Exchanges: HitBTC, OKEx, Bitpanda, Bitvavo, Binance, Binance US, Coinbase Pro, Bittrex, Poloniex, Bitfinex, Huobi, KuCoin, Kraken, Crypto.com
  • Costs: Packages range from free to $99/month.

Mudrex

The complexity of investing in cryptocurrencies can often overwhelm beginner traders, particularly when searching for the best crypto trading bots. Mudrex aims to simplify the process by focusing on three core features: management, trading, and automation. With over 200 indicators, Mudrex offers traders an advanced trading strategy builder along with a fast back-testing engine to create, test and deploy trading strategies quickly and easily.

Novice traders will want to take note of two features in particular. Their proprietary metric “Performance Score” is a number on a scale from 1 to 10 — the higher the number, the better the risk/reward ratio (<4 is poor; 5–7 is average; >8 is good). Their second feature, “Mudrex Protect,” collects fees on profitable trades. As they write, “we should charge only if the strategy makes profits for you or stops you from making losses in a crashing market.”

  • Exchanges: Binance, Binance US, Binance Futures, BitMEX, Coinbase Pro, Deribit, OKEx, Bybit
  • Costs: There are no fixed fees. Instead, the bot creator decides a percentage fee amount based on how much an investor invests.

Quadency

Founded in 2018 by Rosh Singh, Manish Kataria, and Tony Tran, NYC-based Quadency describes itself as “a unified trading and portfolio management platform for investors of all levels” who want to employ professional tools such as bot strategies and analytics. One of their strengths is the ease with which users can connect multiple exchange accounts in a single interface, allowing them to trade over 800 cryptocurrency pairs.

What about their crypto trading bots? They have a combined 15 pre-built bots and custom trading strategies, including Grid Trader, Market Maker, Market Maker Plus, MACD, Bollinger Bands, Multi-level RSI. And Quadency are also quick to point out that they don’t charge transaction fees or commissions of any kind.

  • Exchanges: AAX, Binance, Bittrex, Kraken, KuCoin, Liquid, OKEx, Binance.US, Bitfinex, Coinbase Pro, Gemini, HitBTC, Poloniex
  • Costs: Three options ranging from free to $99/month

LiveTrader

Among the newest entries into the world of the crypto trading bots, LiveTrader has been off to a promising start, which is one of the reasons why it’s surfaced on our list for 2022. Co-founded by Jared Wesley and Anmol Singh, LiveTrader seeks to help those traders who often find themselves on the losing end of trades (we’ve all been there). They aim to educate their users in intra-day trading, swing trading, core trading, and options trading, making them a platform committed to building a community, as they put it, of traders, for traders and by traders.

With access to a wide range of unique trading bots (up to 1000), numerous algos, no software to download (and no software patches as a result), no hidden fees, robust support tools, an active marketplace, additional exchanges coming soon (Polonix, KuCoin, Bitstamp, Bitfinex), and no hidden fees, LiveTrader has all of the ingredients to solidify its place among the best crypto trading bots for 2022 and beyond.

  • Exchanges: Binance, Binance.US, and Kraken
  • Costs: 7-day free trial; three packages from $9.50 to $49.50/month

Shrimpy

There’s nothing shrimpy about Shrimpy. Offering its users the ability to link to approximately 30 exchanges and wallets (20 exchanges, 8 wallets), Shrimpy is big on integration. Their stated mission is to connect their customers “to every custody solution and liquidity provider to enable seamless portfolio management” and, judging by their reviews, they seem to be doing a quality job.

Founded in 2018, Shrimpy also emphasizes the social element of trading cryptocurrencies. The self-described “Social Trading Platform for Crypto,” Shrimpy enables its users to copy the top crypto traders automatically, a unique feature that makes it stand out from the crowd. Simply emulate the best trading strategies and climb your way to the top of the “leaderboard,” where you can then transition to earning monthly income as other traders begin to emulate you.

From trading bots and portfolio tracking to data analytics, responsive trading terminals, and backtesting that uses large databases of historical crypto exchange data, it’s easy to see why Shrimpy is routinely included on lists of the best crypto trading bots.

  • Exchanges: Bibox, Binance, Binance.US, BitFinex, BitMart, Bitstamp, Bittrex, Bittrex Global, Cex.io, Coinbase Pro, FTX, FTX US, Gate.io, Gemini, HitBTC, Huobi Global, Kraken, KuCoin, OKEx, Poloniex
  • Costs: Two tiers: monthly (from $19 to $299) and annually ($15 to $299)

Pionex

If you’re nervous about dealing with API integrations, then Pionex might be the cryptocurrency exchange for you. Its 16 free in-built trading bots (arbitrage and grid bots) provide for a seamless trading experience, which might explain why it has been attracting increasing numbers of users and healthy per-month trading volume figures.

Launched in 2019, it has become one of the fastest-growing platforms in Asia, achieving over $30 million in trade volume each day and is backed by BitUniverse, with investment courtesy of Chinese venture capital firms ZhenFund and Gaorong Capital.

According to a September 2020 Bloomberg piece, “BitUniverse, which is incorporated in Singapore, now makes roughly $3 million a month by charging a fee of 0.05% per transaction to traders in places from China to Europe and the U.S […]. About 80% of Pionex’s trades are fulfilled by the order books on Binance and Huobi.”

While Pionex’s offerings are among the best crypto trading bots, traders should keep an eye on the platform, combining as it does the volatility of crypto with the unpredictability of Chinese investors and regulations.

  • Exchanges: Binance, Huobi global, Pionex
  • Costs: No monthly fee, but expect a 0.05% trading fee on each grid trading transaction. Pionex takes 10% of arbitrage profits.

Hodlbot

The team behind Hodlbot describe their platform as “a customizable cryptocurrency trading bot that enables users to index the market, create custom portfolios, and automatically rebalance their cryptocurrency portfolios.” In addition, they aim to make institutional portfolio management software available to everyone.

Co-founded in 2018 by Anthony Xie and Calvin Leyon, Hodlbot have designed their platform around diversification and re-balancing of cryptocurrency portfolios in which users can create, backtest, and implement various portfolio strategies. Their users often tout the platform’s clean and simple user interface as well as its ease of use.

Additionally, their “HODL indices” are total market indices designed to track the performance of the entire cryptocurrency market, with groupings such as HODL10, HODL20, HODL30, and Kraken10 referring to the top cryptocurrencies in each respective group.

  • Exchanges: Binance, Kraken, KuCoin, Bittrex
  • Costs: Tiered pricing based on portfolio size (<$500, $3/month; $500-$1,000, $6/month; >$1,000, $14/month)

TradeSanta

With its feature-rich services, you might be forgiven for thinking that every day is Christmas at TradeSanta. A cloud cryptocurrency trading software, Trade Santa offers long- and short-term strategies, profit targeting, Bollinger, Day or Volume technical indicators, large volume trading, pre-set bot templates (or fully customizable ones), and real-time tracking.

With over 100,000 users and just under 1,000 active trading bots, users benefit from a strong community to share news and ideas as well as educational resources (“TradeSanta Glossary”) and a convenient mobile app. First launched in 2018, TradeSanta has quickly established itself among those offering the best crypto trading bots.

  • Exchanges: HitBTC, Binance, Bitfinex, Bittrex, Huobi, BitMEX, OKEx, UPbit
  • Costs: 3-day free trial; three options from $14/month to $30/month (when charged annually)

Kryll

Founded in 2017 by Luca Benevolo and Philippe Longère, Kryll brands itself “the first intuitive flow-based platform for the definition of automated trading strategies.” Its focus is threefold: its marketplace, smart trading, and its “Drag ‘n Drop Editor,” which users can use to create individual trading strategies without any coding skills. Additional features include price triggers, candlestick color & pattern analysis, technical Indicators (e.g. RSI, SMA, WMA, Bollinguer, MACD), “pro mode,” and a mobile app.

Through a concept that they describe as “Wysiwyt” (“What You See Is What You Trade”) flow-based technology, Kryll enables its users to build basic to advanced automated trading systems in an intuitive way without the need for programming knowledge of any kind. When you add its social connectivity features and backtesting tools, it’s easy to see why Kryll have made it onto our list of best crypto bots of 2022.

  • Exchanges: Binance.US, Binance, Bittrex, Liquid, Bitstamp, Kraken, HitBTC, Liquid, KuCoin, FTX
  • Costs: No subscription fees — pay per use: 1% of your traded capital for 1 month’s use 24/7

Coinrule

Billing itself as “the smart assistant for crypto currency trading, allowing you to take full control of your trading while being able to fight back hedge funds and automated bots,” Coinrule frequently finds itself included among lists of the best crypto trading bots.

Co-founded in 2018 by Gabriele Muse and Oleg Giberstein and based in London, Coinrule enables traders to automate their investments across more than 10 investment platforms with over 150 trading strategy templates. In an interview with Finbold, Musella described Coinrule as offering “beginners access to advanced trading tools in a fun, simple, and educational interface” with a “Lego tool-box” approach for creating trading strategies and implementing and tracking their real-time performance.

Take note: Coinrule uses conditional statements using the IFTTT model (IF This Then That), which gives their users control over a given set of actions once certain conditions have been met.

  • Exchanges: Binance, HitBTC, Coinbase Pro, OKEx, Bitstamp, Bittrex, Poloniex, Kraken, BitMEX, Bitfinex, Bitpanda pro, Liquid, Binance US
  • Costs: Four options, from free to $449/month

CryptoHero

CryptoHero is a cloud-based crypto trading bot platform that can place trades 24/7 on crypto exchanges. Aimed at beginners with little-to-no coding knowledge, CryptoHero provides what it calls a “one click setup” in which beginner crypto traders can use the Discover feature to find the best performing crypto assets and bot configurations. According to their website, “a CryptoHero bot can be easily created in seconds” by entering the asset allocation and editing the configuration based on your preferences.

One of the newer entries into the crowded field of crypto trading bots, CryptoHero was started in 2020 by Novum Group, a Singapore-based blockchain advisory and investment firm, but it has managed to elbow its way into the list of the best crypto trading bots based partially on its commitment to empowering novice traders. The platform is currently available on Web and iOS, with an Android version slated for early Q3 2021. Access your trade history, individual performances, profits and losses, select trading pairs, direction, and technical indicators, among other things.

  • Exchanges: Binance, Huobi, OKEx, Bittrex, Coinbase Pro, FTX, Kraken, Kucoin, Bitfinex, Gate.IO
  • Costs: Two tiers: monthly (free, $13.99/month, $29.99/month) or annual (free, $11.66, $24.99)

Bitsgap

Next up on our list of best crypto trading bots is the Estonian platform Bitsgap. According to its website, Bitsgap, which was founded in 2017, is an “all-in-one trading platform” for a range of popular cryptocurrencies, featuring their trading terminal, signals, arbitrage, portfolio management, trading bots, a free exchange simulator, and a helpful “knowledge base.”

Traders who decide to use Bitgap for their crypto trading bot needs can design their bot’s strategy or choose from predefined “ready-to-go” alternatives, while also benefiting from “TradingView” charts that assess bot performance. Integration with Bitsgap is a breeze, with around 30 popular choices at your disposal. Traders also have access to 10,000+ cryptocurrency trading pairs and several technical indicators when defining strategies.

  • Exchanges: Binance, OKEx, Bitfinex, HitBTC, Bittrex, Huobi, Exmo, Kucoin, CEX.IO, Kraken, Poloniex, Livecoin, Coinbene, Coinex, Gate.io, Bitstamp, Liquid, Gemini, Bit-Z, Yobit, DDEX, Bithump, Bibox, BigOne
  • Costs: Monthly ($19, $44, and $110)

3Commas

Another consistent presence on lists of the best crypto trading bots is 3Commas, a trading platform that provides professional tools for automating trading on cryptocurrency exchanges. Their many features include manual trading with “Smart Trade” (selling and buying coins in the same window), “Smart Cover” (accrue additional profit with unexpected market moves, including selling and buying back coins), a range of bots with various features (e.g. analyze and copy bots), and portfolio management, among other things.

The platform has more than 33,000 users and sees more than $10 million in trading volume each day, with 1.2 billion total trades and $22.5 billion average monthly trading volume. Founded in 2017 and based in Estonia, 3Commas remains committed to automated crypto trading and portfolio management and offers smart tools for cryptocurrency investors to minimize risks, limit losses, grow profits and manage their portfolio.

  • Exchanges: Binance DEX, Binance, Binance.US, Bilance Futures, Bitfinex, BitMEX, Bittrex, Bybit, Bitstamp, Coinbase Pro, Gate.io, Cex.io, Exam, Huobi Global, KuCoin, HitBTC, Kraken, Poloniex, OKEx, YoBit
  • Costs: Two tiers, monthly (free to €49.50/month) and annual (free to €99)

Haasbot

Haasbot describes itself as offering the world’s most advanced automated crypto trade bots in which its users can rapidly develop, backtest, and deploy high frequency crypto trade bots across dozens of cryptocurrency exchanges in minutes, not hours. Check out their “HaasOnline TradeServer,” which allows users to leverage pre-built cryptocurrency trading bots or simply create them from scratch “HaasScript.” Or harness the power of their flagship product, cloud HaasOnline” (cloud management).

Headquartered in Rotterdam, HaasOnline has been in the crypto world longer than most (since 2014), and they continue to strive to create and maintain advanced automated trading technologies. And we’re sure to see them on future best crypto trading bots lists.

  • Exchanges: Binance, Binance Futures, Binance US, Bitfinex, BitMEX, Bitpanda Pro, Bitstamp, Bittrex, ByBit, CEX.io, Coinbase Pro, Deribit, FTX, Gemini, HitBTC, Huobi, Ionomy, Kraken, Kraken Futures, KuCoin, OKCoin, OKEx, OKEx Futures, Poloniex
  • Costs: 3-month, 6-month, and 12-month plans

How do crypto trading bots work?

The short answer: it’s complicated. While we won’t go into the nuts and bolts here of how crypto trading bots actually work, we will say that the process involves three primary steps: signal generation, risk allocation, and, finally, execution.

The signal generator basically mirrors the type of work a trader does, which is to say attempting to predict market fluctuations and identify the possible trades based on data and technical analysis indicators. Risk allocation is where the bot distributes risk according to a specific set of parameters and rules set by the trader, which includes how and to what extent capital is allocated when trading. And execution is when cryptocurrencies are actually bought and sold based on the signals generated by the pre-configured trading system.

Are there different types of crypto trading bots?

Crypto bots come in many shapes and sizes, but they all fall under four main categories: trend-trading bots, arbitrage bots, coin-lending bots and market-making bots.

As their name suggests, trend-trading bots attempt to capture gains through the analysis of an asset’s momentum in a particular direction track. Discerning trends can be useful when implementing take-profit or stop-loss provisions in order to capture profits or prevent losses.

Arbitrage bots are used to identify inefficiencies and price differences across markets.

For those interested in lending cryptocurrencies at advantageous interest rates with limited risks, coin-lending bots automate the process, mitigating volatile interest rates and loan repayments by borrowers.

And market-making bots turn a profit on the difference between the ask (selling price) and the bid (buying price), which is called the spread.

What are the advantages and disadvantages of using crypto trading bots?

There are many advantages to using crypto trading bots. In fact, an estimated 80% of trading on Wall Street is done with algorithmic-based automated programs. However, a mere 20% of private traders are harnessing the power of algorithmic trading.

So what are their many benefits? Emotionless trading, higher trading speed, backtesting and paper trading, risk diversification, and consistent trading discipline.

Let’s briefly consider a foundational principle of crypto trading: backtesting. With trading bots, backtesting and paper trading allow you to use historical data to simulate the viability of any given trading strategy. Rather than trying to predict the future, the point is to gauge how well a particular trading strategy will likely perform based on historical data. When coupled with accurate data, a proven backtesting tool enables traders to explore new strategies, gain expertise and develop confidence, all before actually committing any real-world money to a trade.

Now, what are some of the disadvantages of using crypto trading bots? In a word: complexity. Algorithmic trading is extremely complex, which makes it imperative for novice traders to identify a reputable, secure, and transparent crypto trading bot platform. Also, trading bots are automated, but they aren’t automatic, meaning that they require tweaking and user input. And in order to do it properly, you need a fair degree of patience and knowledge as well as some trial and error.

How do you choose the best crypto trading bots?

As you have read, there are countless platforms offering some of the best crypto trading bots, which makes the decision of choosing the right platform based on your individual needs a difficult one. Are you a novice with limited coding knowledge? Are you someone who loves to code and is looking to delve into the specifics of trading bots, perhaps even offer your own bots on a marketplace?

Is security paramount? Are you bound by certain geographical restrictions? Are you interested in high volume and high liquidity trades? Are you someone who relies on a support team? Do you value educational videos and a robust community ethos?

The list of questions is seemingly endless. Just as there are no one-size-fits-all bots, there is no one-size-fits-all answer to this question. Sure, there are objective criteria that you must consider when evaluating which platforms offer the best crypto trading bots, but there are also individual, subjective needs that each trader must consider.

The bottom line: be honest with yourself about your knowledge, skills, experience, and tolerance for risk and then research, research, research.

--

--