Crypto trading bots keep on evolving and improving. Almost every year, its functionality and sophistication is becoming more advanced, all thanks the new players that are penetrating the market. This is why finding out what is the best Bitcoin trading bot becomes quite a challenge for many.
But why these bots are so popular if you may ask? In essence, these bots are programs that are using indicators in recognizing trends and then, executing trades automatically. While the algorithmic trading software are used for various purposes like currency markets, commodity and equity, trading bots for private investors had made its first appearance in FOREX trading market. Since then, they’ve exploded in application and made way in crypto market.
Given the fact that these bots are extremely popular these days, it is easy to find tons of cryptocurrency trading bots that are now on offer.
They are ranging from software that anyone could use to premium subscription-based bots made for professional crypto traders. On the other hand, even the most trading bots are varying in terms of usability, quality and profitability.
So what are your options with regards to trading bots? Here’s a brief list of some of the most trusted bots by traders.
This has built a name in the market by enabling traders execute automated trades on multiple cryptocurrencies including:
- Huobi and
3Commas are providing user-friendly navigation web-based dashboard allowing traders to see their trades on supported exchanges. The cost to use trading bot will range from 30 to 100 dollars which depend on the features that the user demands.
This is actually a new trading bot in the market that claims to be the first decentralized AI trading app made for cryptocurrency. Auton.io is providing a simple trading platform both for amateur and professional traders. It also combines various indicators in order to generate trade signals that the traders could then use to make trades automatically. Auton.io is a premium service that will cost traders 50 dollars a month.
If you are searching for cloud-based trading bot, then this is the one you need. Seasoned traders may take a manual approach and configure the trading as per the technical indicators they see fit. The bot is also offering backtesting, trade using different exchanges and trailing stop loss. Using the bot is free for the first month but it has a tiered subscription after that which cost anywhere from 19 to 99 dollars.