The crypto market is comparatively a very volatile space where the market sees a lot of turbulence during the day. A lot of times, users capitalize on this swinging behaviour and make lots of money through day and swing trading but making successful and profitable trades requires continuous financial analysis and monitoring of graphs throughout the day. Unlike stocks, the crypto market runs 24 hours a day due to which traders miss out on massive opportunities while they’re asleep or out doing chores. This can be avoided by using crypto bots instead of trading manually for yourself.
Crypto bots are computer programs which require a set of instructions for them to execute a trade on behalf of a user. These instructions usually contain the amount of a certain digital asset to buy or sell when it hits a certain amount of value. These bots are used to maximize profits and minimize any risks associated with trading. These bots are fairly customizable and can be connected to your exchange accounts through APIs where they can buy and sell according to the instructions. To make the process secure and free of scams, you get to control the number of IPs which can add instructions apart from which you can limit the API so that the bot cannot initiate withdrawal procedure on its own.
To help users steer clear of the scams and make them choose the best crypto trading bot for their best experiences. We’ve compiled a list of 5 bots which are reliable and rated well by their user base. The list is stated below:
Gunbot is one of the most well-known bots in the crypto space. It supports Windows, Mac, and Linux due to which it can be run practically on any computer. The bot has in built trading strategies which can be used by the users. The parameters are fairly customizable which act as instructions to the bot. Features like “Double up”, and “Reversal Trading” are already built inside the application.
Gunbot has the option of spot and futures trading on a 100+ exchanges where you can create unlimited bot instances. The most notable exchanges that support Gunbot are Binance, Binance Futures, BitMex, Coinbase Pro, Kraken, FTX, HitBTC, OKEx, Bittrex, Bitfinex, CEX, Huobi Global, Bitstamp, etc. Other exchanges which include Gunthy, Beaxy, Nash, and Txbit have partnered up and do not required an API key to be registered.
Unlike other bots, Gunbot does not have a subscription based model. You only have to pay once for a lifetime and you can get packages according to your budgets and requirements. The base package starts at a price of 0.01 BTC and the “Ultimate” package is priced at 0.0625 BTC. Although the bot is very secure and well known, the pricing might be a little high for users.
Shrimpy is a social trading platform which is excellent for portfolio management as well as automated trading. There are numerous trading strategies on the platform which can help maximize profits. Using Shrimpy you can automate portfolio rebalancing which is otherwise a very hectic and repetitive task, and dollar cost averaging.
Shrimpy does not have signals or indicators on their platform, strategy is based on DCA, rebalancing, etc for long term traders. Apart from that Shrimpy allows you to outsource your portfolio management as well as use the strategies of best traders on the platform. An issue for people using crypto bots on the run is that there is no mobile application which can be an issue for some. Otherwise, it is a brilliant platform as most of the facilities are available for free and others are priced very low. The subscription fee for their premium plans is also around $13 per month.
Shrimpy also supports a lot of exchanges including Binance, Bittrex, Gemini, Huobi Global, and many others. All in all, Shrimpy is a highly secure platform whose API is secured using FIPS (Federal Information Processing Standards). It has a dashboard that includes stats about each asset. It is a very cheap and effective portfolio management tool can be used for long term trades.
This bot provides the users with expert trading tools along with numerous strategies and templates to choose from. Crypto Hopper supports most common signals and indicators. You can even subscribe to professional analysts around the world and the bot uses these signals to trade. You can create your own technical analysis and access strategies accordingly.
This trading bot can be accessed on the go as it has an iOS and Android app with a fairly intuitive user interface. The overall system is secure and it keeps your data private which are must haves for a crypto bot. As for the pricing, the basic package costs $19/month while the most premium package that includes the market making license is priced at $99/month (there is a free package for starter). It can be integrated with Binance, Bitfinex, Binance.us, Coinbase Pro, Bittrex, HitBTC, Bitvavo, Kraken, Huobi, OKEx, KuCoin, Poloniex, and other exchanges.
This bot is a professional grade bot with tools and signals which can prove helpful for profitable trading. The price is fairly reasonable and the security is impeccable.
This is one of the most popular bots with tons of users accessing it per day. This is one of the best in the list when it comes to user interface and functionality. You can make your own trading strategies on this. With minimal effort you can maximize the profits using this bot. There is a huge marketplace where you can get signals and automate the trades according to the signals.
The most notable features include the ability to buy and sell in a single window. You can copy the settings of other bots. It also supports Backtesting, Dollar Cost Averaging, Signals, Custom TradingView Signal, etc. On the top of that, 3commas is available on Android and iOS as well.
This can be integrated on 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, and many other exchanges.
The pricing ranges from $14.50 as a starting packing to $49.50 for the pro version which allows futures trading as well (there is a free package available too). This bot is best for traders who have a little experience with trading and want to build strategies with a little guidance.
Hodlbot specializes in creation of customized portfolios. You can access it to create a portfolio with more than 350 coins at a very reasonable price. The notable features of Hodlbot are that you can use it to invest into crypto indexes. Apart from that it is a brilliant portfolio rebalancing tool and that it can be customized according to your needs.
It is highly secure as it protects API keys from unauthorized access. The data is encrypted using SHA 256 which is the encryption algorithm used by bitcoin’s blockchain. Unfortunately, this bot does not have mobile applications but the dashboard on the web application is very user-friendly.
Hodlbot can be integrated on exchanges like Kucoin, Binance, and Kraken. The most notable thing about Hodlbot is that it is prices very low so you can access a professional trading bot at a very economical price that ranges from $3/month to $14/month.
Depending on your goals, usability, and experience you can select any of the above bots which are guaranteed to have a good interface and impeccable security. If choosing from other bots in the market the thing to keep in mind is that the market is full of scammy bot applications and allowing them to access your money can lead to horrible losses.
Thanks a lot for taking the time to read! Next step is to unpack in more details each bot, coming soon… Follow us on Twitter and FB https://www.facebook.com/Crypto.district1