Best Paid and FREE Crypto Trading Bots in 2021

There is a lot of hype in the crypto market about automated cryptocurrency trading bots. For people asking, “What is a Crypto Trading Bot?Well, a bot is a software program that performs a specified set of tasks within some defined rules, and so, a crypto trading bot is a software program that conducts trading within the rules defined by traders. Moreover, since it’s a software program, it runs automatically after the initial setup.

Why do we need Crypto trading bots?

The answer is pretty simple; crypto bots overcome all physical and computational limitations of humans. In theory, these bots are supposed to generate profits by looking through the exchanges for even the smallest of changes in the market, monitoring prices 24/7, and high-speed decision-making. 

There is a lot to be uncovered in this area. Therefore we bring you the best crypto trading bots in the market and their features to help you stay top on the subject. 

A little heads up, a long but informative article ahead!! 

Plus, if you plan to dive deep, we have provided valuable quick links to reviews in the segments below.

Five Best Crypto Trading Bots

Name

Number of Trading Bot

Best Trading Bot

Safest Trading Bot

Pricing

Beginner Friendly

Links

Pionex

16

GRID Bot

Spot-Futures Arbitrage

FREE

Definitely

Bitsgap

3 Strategies

Combo Bot

Futures Trading Bot

$19/ Month

Yes

Crypto Hopper

Create Yourself

Auto Trading Bot

Market Maker

$19/ Month

Yes

3Commas

MarketPlace for Bots

DCA Bot

Crypto Signals (Yes)

$14.5/ Month

Kind-of

HaasOnline

16+ (& Create Yourself) 

Accumulation

You can code it Yourself

0.011 BTC

Technically Advanced

Key Aspects that Influences Automated Trading

Explore the following before opting for a Cryptocurrency Trading bot.
  • Paid or Unpaid Service
    * Most of the cryptocurrency bot services in the market have layered subscription plans that add or subtract the level’s features.  
    * For a beginner, it’s important to note whether the zero-fee plans have a free trading bot in the features or not.
  • Trading Fees on the Exchange
    * If the trading fee incurred negates the profit earned through the crypto profit bot, you need to reevaluate your game plan.
    * Crypto Bot Platforms with subscriptions often do not have trading fees as such, although some might charge performance fees.
  • Coding Prerequisites
    * Make sure to note whether the platform requires any knowledge concerning coding. 
    * There are three ways automated crypto bots can be created. 
    * One is the drag and drop system, where coding is not required
    * Second is via the code editor.
    * And, final is the preset strategies available.
  • Signals, Technical Indicators and Trading Bot Strategies
    * These are the fundamentals that make a bot and its platform great. 
    * Signals: Experts in the industry signal the buy/sell of crypto and share their own techniques to profit.
    * Technical Indicators: These are metrics based on mathematical analysis on detecting future patterns for the market.
    * Strategies: The techniques which make sure the bot makes profits. These techniques vary by market conditions.
  • Security
    * The most secure way to deal with automated crypto bots would be to have the funds on the exchange rather than with the service provider. Furthermore, your funds will be as safe as the security provided by the exchange. 
    * Most providers connect to the exchanges via encrypted API keys. This way, your money is secure both ways.

Apart from the above, you can also look out for things like backtesting strategies, paper trading, copy trading, and cloud-based or not (all terms explained in the article).

Best Crypto Trading Bots

We have gathered a list of what we feel are the best bots out there, and therefore the article is intended to be reasonably educational. Without further ado, let’s briefly discuss these bots so you could find the best one suited for you.

Pionex

Pionex, being an exchange that provides in-built trading bots, is quite famous for being one of the lowest trading fees in the market. 

Platforms Available
Web and Mobile (Android and iOS)
Tokens
All leading tokens are supported for trading.
Trading Bots
13 bots present on the platform
Trading Fees
Spot: 0.05% for both Maker/Taker Leveraged:0.1% for both Maker/Taker
Exchanges
Aggregates liquidity from Binance and Huobi Global
Pionex Dual Investment- Pionex Trading Bot
Pionex

Highlights

  • It is licensed by FinCEN (US Financial Intelligence Unit). This makes it easier for US citizens to use the services.
  • KYC is optional and it won’t impact the services the users can use, apart from withdrawal limits and such.
  • An additional app Pionex Lite was launched that supports buying Bitcoin and Ethereum using USD. Furtermore, it is meant for users who are pretty new to trading bitcoin and ethereum using bots.
  • With their spot-futures crypto Arbitrage Bot, you can earn about 15%-50% APR with low risks. Moreover, you can use it as a Bitcoin Arbitrage bot since bitcoin has the largest market. To learn more about it click here.
  • A limit of 30 bots per pair is applicable on Pionex.

Get Free Trading Bots Now!

Pionex Trading Bot
Pionex Trading Bot

Bitsgap

Bitsgap is a multi-exchange trading and asset management tool for cryptocurrency. It provides services like Signals, Trading Bots, Arbitrage in addition to trading.

Platforms Available
Cloud-based Web Application with mobile compatibility.
Tokens
All leading tokens are supported for trading.
Trading Bots
Grid Trading Bots, Classic Bots, SBot Bots, and Combo Bots
Trading Fees
Basic: $19/month Advanced: $44/month Pro: $110/month
Exchanges
25+ including Binance, OKEX, Kraken, KuCoin

Try spot-futures bot now!

Highlights

  • Bitsgap works on subscription-based plans with a 14-day free trial, and its payment methods include Card, Paypal, and Bitcoin, Litecoin, Ethereum and altcoins.
  • With the Bitsgap signals tool, you can always stay updated on the best opportunities among the thousands of trading pairs.
  • It supports 10,000+ trading pairs.
  • It’s a secure platform with RSA 2014-bit encryption. Moreover, it does not have access to your funds. The funds remain with the exchanges you use.
CryptoHopper Alternatives: BitsGap
CryptoHopper Alternatives: BitsGap

The Bitsgap strategies used for automated trading bots are:

  • The Grid Strategy: Buy when the price is below the current price and sell when the price is above current price. 
  • The Classic Bot Strategy: Buy and sell a fixed amount of base currency for each order. Use this for the market when it is an uptrend.
  • Combo Bot for Futures Trading: Grid strategy along with DCA algorithms to always look out for movements and optimize the entry price. Although this generates high returns, it also comes with increased risks.
  • Sbot Bot Strategy: Originated from classic bot, you can buy/sell at a fixed price. It is most effective when applied to a sideway trend.

Bitsgap Plans

  • $19/month
    Monthly Limit- $25,000 .
    Active trading bot- 2.
    Plus all standard features.
  • $44/month
    Monthly Limit- $100,000 .
    Active trading bot- 5.
    Arbitrage
    Plus all standard features.
  • $110/month
    Monthly Limit- $100,000
    Active trading bot- 15
    Arbitrage
    Plus all standard features
    Take profits for bots
    You test practice on the Bitsgap Demo setup. Users can understand and get the feel of the platform here. 

Try the bitsgap demo mode now!

Bitsgap Trading Bot Features
Bitsgap Trading Bot Features

Cryptohopper

Cryptohopper is an automated crypto trading bot and a portfolio manager that aids the trading of coins 24/7. Data-driven and precise, its decision-making avoids emotional quotient while trading.

Platforms Available
Cloud-based Web Application with mobile compatibility.
Tokens
All leading tokens are supported for trading.
Trading Bots
Bots, aka Hoppers, make use of in-house tools and in-built or self-designed strategies. 
Trading Fees
Pioneer: Free Explorer: $19/month Adventurer: $49/month Hero: $99/month.
Exchanges
15 Exchanges including global exchanges like Huobi, Poloniex, Bittrex, Kucoin.

try the cryptoHopper marketplace!

Highlights

  • Cryptohopper provides an Arbitrage tool that functions without having users transfer funds between exchanges. 
  • Market-Making bot for market makers who exploit the spread to tackle illiquidity.
  • Mirror trading as a service provides a mirroring strategy from expert users to lesser experienced ones by letting you buy templates, strategies, or signals.
  • Algorithm Intelligence(A.I.) is a feature that provides the best fit options for your strategies according to current market trends. Moreover, Hopper is an AI bot for your strategy, meaning you can add trends, signal strategies to this algorithm, and it will get you the best result.
  • Now, correctly configuring Buy Setting, Coins, and the cryptohopper strategy can achieve the best Cryptohopper setting.
Cryptohopper Homepage Review
Cryptohopper Homepage Review
  • Moreover, it has Trailing tools to help maximize selling profit and buying cheaper with Trailing Stop Loss, Trailing Stop Buy, and Trailing Stop Short.
  • Paper trading is a demo trial to trade using accurate data to mock the real-life exchange.
  • Backtesting and Strategy Designer helps the user create and test strategies.
  • To keep up with today’s trends, it has Cryptohopper signals as well.
  • Cryptohopper companion strategies help to complete the voids in other strategies to create a perfect one. They can be implemented together by the AI.

try cryptoHopper for free!

Cryptohoppers Plan

CryptoHopper Pricing
CryptoHopper Pricing

Quadency

Quadency is a trading terminal that connects to leading exchanges using API keys to enable trading securely from one place.

Platforms Available
Web platform. Mobile apps launch underway.
Tokens
All leading tokens are supported for trading.
Trading Bots
Quadency Bots are based on strategies like Mean Reversion, GridTrading, Market Maker, and more.
Trading Fees
LITE: Free PRO: $49/month UNLIMITED: $99/month
Exchanges
Binance, Kucoin, Liquid, OKEX, and many other leading exchanges.

Get quadency for free!

Highlights

  • It provides excellent portfolio management by supporting all leading wallets.
  • Its bots are categorized as Simple and Advanced based on the strategies they use.
  • Quadency also provides a brilliant backtesting service. 
  • The sensitive information on the platform like API keys, passwords, etc is encrypted according to security standards.
Quadency
Quadency

Quadency Strategies to choose from:

  • Popular Strategies: Accumulator, Grid Trader, Portfolio rebalancer, Market Maker and Market Maker Plus, Smart Order
  • Indicator Based: Bollinger Bands, MACD, Dual Moving Average Crossover, Mean Reversion, Multi-Level RSI
  • Custom Strategies: TradingView Bot, Strategy Coder(Python)
  • The bot is limited to trading one pair per instance but multiple copies of the instances are allowed for trading different pairs.
  • Is quadency legit? It very much is. You can use the link below to the official site.

Trade safely with quadency!

Quadency Plans

Binance Trading Bots: Quadency Pricing
Binance Trading Bots: Quadency Pricing

Mudrex

Mudrex is a crypto investment platform that simplifies crypto trading and automation trading in Bangalore, India.

Platforms Available
Web platform.
Tokens
All leading tokens are supported for trading.
Trading Bots
Algorithm-based. These algorithms are built-in/invented by Mudrex traders.
Subscription Fees/Price
Starts at arounf $5
Trading Fees
Dynamic pricing.
Exchanges
Bitmex, Binance, Bybit, OKEX, CoinbasePro, Mudrex Spot and more. 

try mudrex with just $5!

Highlights

  • It has the highest number of indicators and patterns all placed in alphabetized manner on its website.
  • Automated algos minimize risk and keep a consistent return. This makes the fundamental base of Mudrex algo trading.
  • It is a simplistic, user friendly platform by far that requires little knowledge from the users.
  • Mudrex price starts from as little as 5$.
Mudrex
Mudrex

try Mudrex social trading now!

Mudrex Plans

Mudrex Pricing
Mudrex Pricing

Coinrule

Coinrule is a platform that provides automated trading without having to understand code-based technicalities.

Platforms Available
Web platform.
Tokens
All leading tokens are supported for trading.
Trading Bots
Rule based trading bots
Subscription Fees/Price
Starter: Free Hobbyist: $29.99/month Trader: $59.99/month Pro: $449.99/month
Exchanges
10+ including Binance, Coinbase Pro, Kraken, etc.

Visit Coinrule

Highlights

  • Coinrule connects to the exchanges via API and the funds stay on the exchange as a security measure.
  • It’s working strategy is around the IFTTT (If This Then That) concept. Hence, no coding is required. 
  • The Coinrule crypto trading strategies and indicators include:
    Relative Strength Index
    Moving Average
    Contrarian
    Trend Following
    Accumulation
COINRULE
COINRULE
  • It provides demo exchange and backtesting.
  • The technical analysis that it provides helps in making informed decisions while investing based on numbers.
  • Coinrule Pricing is as follows:
     Starter: Free
    2 live rules.
    2 Demo rules.
    7 Template Strategies.
    1 connected exchange.
    Monthly Trade Volume: ~$3k
    Hobbyist: $29.99/month
    7 live rules.
    7 Demo rules.
    40 Template Strategies.
    2 connected exchanges.
    Monthly Trade Volume: ~$100k.
    Extra benefits on social platforms.
    Trader: $59.99/month
    15 live rules.
    15 Demo rules.
    Unlimited Template Strategies.
    3 connected exchanges.
    Monthly Trade Volume: ~$1M.
    Extra benefits on social platforms + Training Sessions.
    Pro: $449.99/month
    50 live rules.
    50 Demo rules.
    Unlimited Template Strategies.
    Unlimited connected exchanges.
    Monthly Trade Volume: ~$5M.
    Extra benefits on social platforms +Training Sessions.
    Dedicated Server and more.

Visit Coinrule

3Commas

3Commas, established in 2017, is a crypto trading platform with tools for automated bitcoin trading and altcoins and portfolio management.

Platforms Available
Web platform, Mobile Platform (Android, iOS)
Tokens
All leading tokens are supported for trading.
Trading Bots
23 Bots available that follow famous algorithms and strategies.
Subscription Fees/Price
FreeStarter: $14.5/month Advanced: $24.5/month Pro: $49.5/month
Exchanges
23 major exchanges, including Binance, Coinbase Pro, Kraken, FTX, and Bittrex, etc.

Visit 3Commas

Highlights

  • 3commas has SmartTrade combined with TradingView indicators to trade efficiently just by connecting API.
  • It accepts Credit cards, PayPal and bitcoin as payment methods.
  • It deploys 2FA for security and does not hold your funds on its platform. Therefore it doesn’t have the right to withdraw or manipulate your funds.
  • You can customise your 3commas bot that is susceptible to TradingView signals to receive notifications.
  • You can go through the academy and learn about setting up 3commas bot. 
  • For trial purposes, it provides a 3-day full access trial period.
  • It has a dynamic trading terminal, an interface that allows the management of multiple exchanges. 
  • The bot services differ by platform. Check the limitations here.
3Commas
3Commas
  • Automated trading can be executed as one of the following:
    Single-pair bot: Runs with a  single trading pair.
    Multiple-pair bot: Runs with multiple trading pairs.
    Long algorithm: Buys a coin and sets the sell price higher than the bought one.
    Short algorithm: Sells a coin and places an order for buy at a lower price.
    Analyze and copy bots: Users can examine and copy the techniques of other bots on the platform. 
  • Moreover, 3commas signals let you follow experienced traders.

3Commas Plan

3Commas Plans
3Commas Plans

Visit 3Commas

Napbots

NapBots is another trading bot platform, which designs profitable trading strategies and makes them available in a unique marketplace.

Platforms Available
Web-based, accessible from mobile, tablet, desktop. Progressive Web App under development.
Tokens
All leading tokens are supported for trading.
Trading Bots
Bots are strategies-based that execute on a daily, weekly, and hourly basis.
Subscription Fees/Price
Silver Plan: €19/month Gold Plan: €49/month Platinum Plan: €99/month.
Exchanges
Major exchanges including Binance, Coinbase Pro, Kraken, and Bittrex, etc

Visit Napbots

Highlights

  • Napbots connects to exchanges via APIs and doesn’t have access to users’ funds.
  • It accepts cards and certain crypto as payment.
  • It is specifically designed so that even the beginners can learn and start trading orderly.
CryptoHopper Alternatives: Napbots
CryptoHopper Alternatives: Napbots
  • Indicators on this platform follow two main strategies:
    Trend Following
    Mean Reversion
  • Users are allowed to use multiple strategies on a single platform as well.
  • As of now, there is no support for US citizens.

Visit Napbots

Napbot Plans

NapBots Plans
NapBots Plans

TradeSanta

TradeSanta is a cloud cryptocurrency trading software that lets you take advantage of crypto market fluctuations. Functional from the fall of 2018, it has achieved many feet and is continuing to grow further.
Platforms Available
Web and mobile(Android and iOS)
Tokens
All leading tokens are supported for trading.
Trading Bots
Bots are strategies-based that execute on a daily, weekly, and hourly basis.  
Subscription Fees/Price
Basic: $14/month Advanced: $20/month Maximum: $30/month (When purchased annually)
Exchanges
Binance, Binance US and Futures, Coinbase Pro, HitBTC, OKEX, UPbit, Huobi

Visit Tradesanta

Highlights

  • Tradesanta has a very upbeat and creative UI.
  • It connects to exchanges via APIs and doesn’t have access to users’ funds.
  • It takes the exchange’s fee in the profit calculation.
  • Tradesanta Bot has Technical Indicators that can be chosen from Volume filter, Daily filter, and Bollinger signal or use these 3 filters at the same time:
    MACD: Moving Average Convergence Divergence
    RSI
    Bollinger signal
  • Tradesanta Strategies: There are two at the moment, Long and Short. For both the strategies, you need to have coins in balance.
  • It provides various tools that make up for good trading.
    Martingale: Helps to recover the lost capital, best to be used by experts
    Buying Coins for Commission: When enough money is not there to fulfil an order.
    Stop Loss: Stop trading when the trade is making a negative impact.
    Entering at Market Price: Allows to deal immediately without having to place at an optimal price.
  • It allows a 3-day free trial of maximum package and a Minimum plan that is free of charge and covers two DCA bots.

Is Tradesanta free ?

The package are as follows
TradeSanta Fees
TradeSanta Fees

HaasOnline

HaasOnline has democratized high-frequency trading on the most well-known digital asset platforms by leveraging integrations through APIs.

Platforms Available
Web and mobile (Android and iOS)
Tokens
All leading tokens are supported for trading.
Trading Bots
HaasBot, Trade bots, pre-built trading bots, or developed using HaasScript 
Subscription Fees/Price
3 months plan Beginner: 0.005 BTC Simple: 0.007 BTC Advanced: 0.012 BTC
Exchanges
24 including Binance, Binance US and Futures, Coinbase Pro, HitBTC, OKEX, Gemini, Huobi 

Highlights

  • The platform supports historical backtesting to test how the strategies would have worked in past markets to get insights on future patterns for Haasonline trading bot.
  • Drag and drop algorithms on the editor combined with HaasScript.
  • Real time paper trading is available .
  • Only supports Bitcoin as a payment as of now.
  • The pre-built Haasonline simple trade bot(s) are as shown in the image:
HaasOnline
HaasOnline
  • HaasBot Pricing & Plans follow 3 months, 6 months and 12 months plans.
  • Beginner: Save 0.003 BTC with Biannual Billing and 0.009 BTC with Annual Billing.
  • Simple: Save 0.008 BTC with Annual Billing.
  • Advanced: Save 0.001 BTC with Biannual Billing and 0.015 BTC with Annual Billing.
Binance Trading Bots
HaasOnline Pricing

Shrimpy

Shrimpy is a crypto management platform that links all your exchanges and wallets to easily manage your assets.

Platforms Available
Web and mobile(Android and iOS)
Tokens
All leading tokens are supported for trading.
Trading Bots
Automated bots for rebalancing and trading. 
Subscription Fees/Price
Starter: $15/month Professional: $63/month Enterprise: $299/month
Exchanges
18 exchanges and 8 wallets supported.

Visit Shrimpy

Highlights

  • How Shrimpy bot works is Users can connect all their accounts from different exchanges and monitor their portfolios easily. This means easy rebalancing on the go. 
  • Its backtest strategies allow it to create the most profitable profile in the market.
  • Copy strategy available. This helps beginners to get insights on how to make profits by copying top strategies for shrimoy bot.
  • The API keys are encrypted and stored via FIPS 140-2 validated hardware security module.
shrimpy dashboard
  • It is a great platform for automated rebalancing.
  • Shrimpy trading bot on the platform has two modes:
    Pick Assets: This mode let you select specific assets with exact percentages. However, these values will not change unless you change them.
    Create Index: This mode allows you to define parameters for generating an index, the composition of which will shift with the market.

Shrimpy Pricing

Shrimpy Plans
Shrimpy Plans

CryptoHero

CryptoHero is a cloud-based crypto trading bot platform, which places trades 24/7 on crypto exchanges. Furthermore, CryptoHero bots are simple and intuitive for crypto beginners to set up and run.

shrimpy dashboard
Platforms Available
Web and mobile (Android and iOS)
Tokens
All leading tokens are supported for trading.
Trading Bots
Bots operate with strategies and technical indicators. 
Subscription Fees/Price
Basic: Free Premium: $13.99/month Professional: $29.99/month
Exchanges
12 exchanges supported.

Visit CryptoHero

Highlights

  • Users can connect to multiple exchanges.
  • It accepts cards for the web platform,  Apple Pay can be used for the iOS platform and USDT.
  • Automation Strategies include:
    Trade Parameters: Set parameters to perform trade 24/7.
    Long Strategy
    AI Optimized Bots: Run bot simulations and copy the best bots created.
    Short Strategy
    Entry and Exit Conditions: Set rules to enter/exit positions.
CryptoHero
CryptoHero
  • Since it has a visual interface, no coding is required.
  • Users can backtest strategies.
  • Technical Indicators present:
    Bollinger Bands(BB)
    Relative Strength Index(RSI)
    Exponential Moving Average(EMA)
    Stochastic RSI (SRSI)

Also provides paper trading to help understand technicalities without any loss.

Highlights

CryptoHero Plans
CryptoHero Plans

Botsfolio

Botsfolio is one of the simplest and easiest platforms for crypto trade automation, with one of the best risk management.

Platforms Available
Web Platform
Tokens
All leading tokens are supported for trading.
Trading Bots
Automatically deployed with professional investment strategies.
Subscription Fees/Price
$1k-$3k: $5/month $3k-$10k: $10/month$1 0k-$50k: $15/month $50k-$100k: $20/month
Performance Fees
15%, charged quarterly on profits added to the subscription fee.
Exchanges
Binance.com, Coinbase Pro

Visit Botsfolio

Highlights

  • Botsfolio accepts ETH,BTC, BitcoinCash, Litecoin as payment.
  • It doesn’t have access to the user’s funds.
  • Automatic segmentation of funds into a blend of long term and short term strategies. This is based on the user’s profit demand.
  • There is no prerequisite for knowing coding, the process is automated in itself.
Botsfolio
Botsfolio
  • Botsfolio Strategies used by the platform:
    Value Investment Strategy: Investing for the long term in 80-20 for large and small caps.
    Hedged Trading Strategy:  mix of spot and futures trading instruments to play hedged trades that reduce potential losses yet boosts ROI by getting exposure to leveraged positions.
    Futures Trading Strategy: Automated active trading of large-cap cryptos using a mix of trading strategies on futures instruments.
    Fixed Income Savings Account: Grow your wealth at a fixed rate of 6 to 8% per year on dollar pegged USDT.

Botsfolio Pricing

Botsfolio Plans
Botsfolio Plans

Botcrypto

Botcrypto is a platform for creating a trading bot to trade automatically in the simplest way possible. 

Platforms Available
Web Platform
Tokens
All leading tokens are supported for trading.
Trading Bots
Bots that function according to technical indicators.
Subscription Fees/Price
Discover: FREE Bronze:€12.49/month Silver: €37.49/month Gold: €74.99/month
Exchanges
Kraken and Binance.

Visit Botcrypto

Highlights

  • Your funds are safe at the exchange as botcrypto doesn’t have rights to withdrawal.
  • Visual editor creates the strategies and hence no need for coding knowledge.
  • Backtesting of strategies provided on more than 3 years of historic data.
  • Payments accepted on Botcrypto are cards, paypal, BTC, ETH, LTC.
Botcrypto
Botcrypto
  • ~26 indicators present on the platform including RSI, BB, Exponential Moving Averages(EMA).
  • For yearly billing, users can save upto 20% on the total amount.

Botcrypto Pricing

Botcrypto Pricing
Botcrypto Pricing

Trality

Founded in 2019, Trality is a platform to profit from automated trading without spending too much time on it.

Platforms Available
Web Platform
Tokens
All leading tokens are supported for trading.
Trading Bots
Automatically deployed with professional investment strategies.
Subscription Fees/Price
Pawn: Free Knight: €9.99/month Rook: €39.99/month Queen: €59.99/month
Exchanges
Binance, bitpanda, Kraken, coinbase pro

Visit Trality

Highlights

  • Trality accepts ETH,BTC, BitcoinCash, Litecoin as payment.
  • The tick intervals supported at the platform are: 1m, 5m, 15m, 30m, 1h, 6h, 12h, and 1d.
  • Ways to create a Trality trading bot :
    The Code Editor: Users who are adept in Python can create their strategies with already existing and more to come python libraries.
    The Rule Builder: Users can build their bots by using predefined strategies.
Trality
Trality
  • Use backtesting to test how efficient the Trality bot code and custom-built strategies are.
  • The platform is highly secure as it doesn’t have access to any of the funds. Moreover, all trading strategies are end-to-end encrypted. 
  • Paper trading at trality is done via virtual accounts.
  • Trality Pricing: Below image shows the pricing at Trality. They offer a 20% discount for yearly subscriptions.
Trality Subscription Plans
Trality Subscription Plans

Wunderbit

WunderBit is a crypto exchange that has automated trading as one of the many services. It currently offers bitcoin and other cryptocurrency exchange services, social trading platforms, bitcoin payment processing services, and over-the-counter services.

Platforms Available
Web Platform
Tokens
All leading tokens are supported for trading.
Trading Bots
Automate TradingView Scripts into bots.
Subscription Fees/Price
Free: $ 0.00/month Basic: $ 9.95/month Pro: $ 24.95/month Premium: $ 44.95/month.
Exchanges
Binance, BitMEX, FTX, Deribit, Kucoin, Kraken, Bittrex and more

Visit Wunderbit

Highlights

  • Multiple account management is a service that WunderBit provides which lets users manage multiple accounts.
  • Arbitrage Trading and Grid Trading are soon to be launched on the platform.
  • Crypto Portfolio tracker tracks all balances automatically.
  • WunderBit Automated trading here has the following features:
    Crypto Signal Marketplace: Copy traders can select the best crypto trading signals and automatically follow them.
    Smart Trading: Flexible way of creating orders for smart trading: adding and editing Take Profit, Stop Loss and Trailing stops to any order.
    Spread Trading: Spread trading terminal let you select the assets you would prefer to use for creating a spread.
    Crypto Trading Bot: Help you to automate any TradingView scripts into the fully functioning crypto trading bot.
    Dollar-Cost Averaging (DCA): DCA is an investment method in which you buy a certain portion of the asset after the determined price deviation.
  • It provides a 7-day trial on PRO plan for Free.
  • WunderBit Pricing: This can be paid via Paypal and crypto. For opting for monthly package of more than 1, the following discounts are applicable:
    3 months plans: 10% discount 
    6 months plans: 15% discount
    12 months plans: 30% discount  
WunderBit Plans
WunderBit Plans

Superalgos

Superalgos Project is a token-incentivized open-source project building an open trading intelligence network; in short, it is an open-source crypto trading bot.

Platforms Available
Cross-Platform: Windows, Linux, MAC OS, and for users mobile supported.
Trading Bots
Bots get created by experts and passed down to users to utilize.
Subscription Fees/Price
Open source trading bot project. Zero cost.
Exchanges
120+ exchanges and counting.

Visit Superalgos

How does Superalgos work ?

In layman’s terms, it is an open-source environment accessible to all.

  • Algo Traders:
    Superalgos Platform: Desktop or server. It consolidates all elements of the environment to make automation happen.
    A visual scripting environment: Non-technical users and developers can visualize their automation process on this.
    Broadcasting signals: For users to implement the automation and experts to profit from their automation.

Superalgos is a one-stop shop for designing, building, testing, and deploying crypto trading bots.

Superalgos
Superalgos
  • Crypto Users
    Platform: The platform available to users are Mobile phone,desktop or servers.
    Get Signals: Free of cost signals from professional traders.
    Automated Trading: The apps present in the environment automatically process the signals or send notifications in case of manual confirmation.
    Follow: Users only need to follow the traders they can trust, and all the research and strategies can be used after that.
Superalgos
Superalgos

How does Superalgos work ?

  • For a  free crypto trading bot, Superalgos has state of the art interface and a visually great website which adds to its feature.
  • It provides an AI crypto trading bot that keeps on enhancing with the continuous increase in expertise. 
  • Superalgos (SA) Token is their platform token distributed to users/traders for their contribution.
  • It is a complete domain where one can mine for indicators, use analytics to make automated bots and then distribute them to reach the desired target audience.
  • You can work with any of the markets/pairs listed on supported crypto exchanges.
  • The functioning concerning the exchange is the same as the rest of the platforms.
  • Superalgos is a free bitcoin trading bot; hence you can trade Bitcoin. In addition, all altcoins listed by the exchange can also be traded.
  • Necessary documentation is available on the platform.

Crypto Trading Bots: Terminology

If you are a beginner to crypto trading bots, you need to understand the following terminologies, plus some of the common questions will also be answered.

Strategies

If you are a beginner to crypto trading bots, you need to understand the following terminologies, plus some of the common questions will also be answered.

What are some of the Strategies used by trading bots?

The most heard names in strategies for algorithmic/ automated crypto trading are:

  • Trend-following: The easiest one of the lot, is based on trends in the market or pre-defined and analyzed technical indicators.
  • Arbitrage: Taking advantage of the slightest changes in the prices on multiple exchanges is known as Arbitrage. Buy cheap at one exchange and sell at a high price on another.
  • Mean-Reversion: High and low prices of any asset are temporary, eventually returning to the long term average.
  • Time Weighted Average Price (TWAP): Take a large order and break it into smaller orders on the go and release it in the market using even intervals between the start and end time.
  • Grid Trading Strategy: Orders are placed above and below a set price which creates a grid-like structure.
  • Accumulator: Buying of a certain amount of assets over a period of time.
  • Market Making: Trading strategy seeks to profit by providing liquidity to other traders and gaining the ask/bid spread.
GRID Trading bot working
GRID Trading bot working

Technical Indicators

Indicators are used to help assess whether an asset is trending and, if it is, the probability of its direction and continuation. Thus, these indicators help in technical analysis.

What are some common technical Indicators ?

The following is what many of the automated bots implement for gaining profit.

  • Bollinger Bands: Purpose of Bollinger Bands is to provide a relative definition of high and low prices of a market. Moreover, it measures a market’s volatility and identifies “overbought” or “oversold” conditions.
  • Moving Average Convergence/Divergence (MACD): Designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock’s price.
  • Relative Strength Index (RSI): Intended to chart a stock or market’s current and historical strength or weakness based on the closing prices of a recent trading period.
  • Stochastic oscillator: Refers to the point of a current price to its price range over a period of time

Types of Bots

The strategy can identify the type of bot it is based on. For example, a bot following the Arbitrage Strategy for crypto becomes a Crypto Arbitrage Bot, and so on. So a mix of technical indicators and strategies helps create bots that can generate profits.

What are different types of bots ?

The strategy can identify the type of bot it is based on. For example, a bot following the Arbitrage Strategy for crypto becomes a Crypto Arbitrage Bot, and so on. So a mix of technical indicators and strategies helps create bots that can generate profits.

  • Crypto Arbitrage Bot
  • Copy Trading Bot: When you copy other traders’ strategies.
  • Grid Bots
  • Market-Making Bots
  • Trend Following Bots

The Fitting Problem

The situation when the strategy for automation does not fulfil the underlying condition gives rise to either overfitting or underfitting.

  • Overfitting: When the statistical model follows the conditions more than perfect, it fails to fit additional data into the model. Hence an overfitting strategy will not generate profits.
  • Underfitting: When the model does not take adequate data to support the underlying concept, it gives rise to underfitting.

Crypto Trading Bots The best of

Some of the widely asked “best of” questions ask the following

Best Binance Trading Bots

  • As a Beginner: CryptoHopper, Bitsgap, 3Commas, you may also explore some from the list in the article.
  • For complete control: Quadency or HaasOnline. You should have a basic idea of HaasScript though! 

Best Kucoin Trading Bots

Kucoin provides an in-house service. It is free to use and does not incur any extra charges for the GRID bot. You can learn more from our article on Kucoin Trading Bot from here.

Best Platform for Coinbase Trading Bot

  • Bitsgap
  • Quadency
  • 3commas
  • TradeSanta

Best Bittrex Trading Bot

Coinrule is the best Bittrex trading bot for bitcoin trading as well as trading other leading cryptocurrencies. Moreover, it provides a basic, free subscription, meaning the Bittrex bot is free to use. You get 2 live rules and 2 demo rules with it. 

Best crypto arbitrage bots

Pionex provides the best cryptocurrency arbitrage bots, which exploit the volatile crypto market and profit the users. We have already pointed out that you can generate a whopping APR in the range of ~15%-50% with this crypto arbitrage bot at a meagre rate. What is more, is that you can avail yourself bitcoin arbitrage bot for free! 

Best free crypto trading bots

  • Pionex
  • Quadency
  • 3Commas
  • CryptoHero
  • Trality
  • Superalgos

Crypto Trading Bots Pro's & COn's

Pro's

  • Radical Decision Making over Emotional Decision Making: When trading, bots will never have emotional outbursts to buying or selling. The trade will comply entirely with the logical rules defined. In short, it will never feel FOMO!
  • Bots are in action 24/7: Market never sleeps, and neither does a bot. So with bots, it is always possible to be on the lookout and make profits 24/7.
  • Strategic Analysis helps make calculated profits: With the help of backtesting, it is easier to test your strategy and make it perfect to respond to the market only in a way that generates profit.
  • Ease of Use: You need not check the market all the time. You just need to monitor the progress and status of the bots.

Con's

So, finally, the question is whether or not to use automated crypto trading bots?  You can definitely use a bot, but it will not give you decent results if you fail to configure it properly. Therefore, thorough research is required before this automation. There are still suggestions on when you should and when you shouldn’t.

You Should/Can

  • For the recurring processes: Something that needs to be done at regular intervals can be automated. For example, rebalancing. 
  • Bots are highly recommended for saving time. In addition to saving time, bots can be quick to make trades.

You Should/Can

  • Firstly, you shouldn’t start using a bot as a beginner.
  • Furthermore, you should not use bots without sufficient knowledge about cryptocurrencies, markets, strategies or indicators. As a result, you could end up losing money if not careful. 

Frequently Asked Questions

1. Do bots really work?

There is a mixed response among the community to this question. Some people have traded with bots and earned a profit, while others have lost money. The correct answer is that bots really do work when you have backtested your strategies and made sure that the math adds up.

2. Are crypto trading bots profitable?

It ultimately depends on the strategies and technical indicators used. You need to also keep in mind that different strategies work for various movements in the markets. Therefore it is advisable to understand things before jumping right into them.

3. How can you create a crypto trading bot yourself?

The creation of bots is more or less the same around every platform, and you need to follow the steps below to achieve it. - Select the exchange and connect to it via APIs. - Choose a strategy and device rules for it either by drag/drop or with a code. - Always backtest your strategies. Observe the result of your newly created bot on historical data and mark the results. - Deploy and monitor: Once your bot gives satisfactory results, deploy the bot and monitor its performance.

4. How to select a Crypto Trading Bot Software?

While selecting a trading bot, make sure you keep the following in mind. - The exchange you want the bot for. - Coding skills required or not. - Your budget for deploying the bot. - Do check out the sites and links for bots providers. Unfortunately, there are many scammers who take advantage of people with not much knowledge about crypto bots.

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