5 Best Cryptocurrency Trading Bots [Free, Paid, Open-Source] In 2023

Cryptocurrency

trading bot (software) automates the process of trading on exchanges. We listed 10 best crypto trading bots for automated trading including Free, Open-source, API, and subscription-based crypto trading bots.

Cryptocurrency trading is an emerging business and with more and more crypto traders flocking the market, the growth of digital currency exchange has risen to a whole new level. However, many new investors especially the novice find it extremely difficult to evaluate the cryptocurrency market conditions and to cope up with the volatile nature of the market.

The cryptocurrency trading bots are relatively a new concept and have made crypto trading easy and popular especially among novice traders.

Cryptocurrencies can be traded directly from

crypto exchange

platforms or through the help of crypto trading bots. Due to the volatile nature of the crypto market, many investors are gradually relying on trading bots to do the job for them. There are a few exchanges with easy-to-use built-in trading bot features so that users can automate their trading experience without using any third-party application, for example, you can use trading bots of KuCoin exchange.

What is Crypto Trading Bot？

A crypto trading bot automates the process of cryptocurrency trading and trades on behalf of the trader. It is a computer algorithm that scans and tracks your trade pattern and executes the task at your command. For that, you need to have some coding skills and you can program your very own customized trading bot. However, if you do not have the required expertise, the market offers some of the best trading bots and you can subscribe to one of them.

How does a free Cryptocurrency Trading Bot works？

The free Bitcoin Signal Robot is an automated trading software that will understand and manage your trades on your behalf. The software is almost free and will double your crypto returns in no time.

You can start your crypto trading with as little as $100. You start by choosing a trading broker and install the bitcoin trading software on your computer. You can customize the settings and you are ready to go.

Advantages of Cryptocurrency Trading Bots

• A crypto trading bot completely automizes the trading process thereby eliminating delay in decision making and makes trading faster and at favorable trading prices.

• The crypto bots track the chart patterns regularly and you do not have to be present all the time for trading. They will do the job for you in your absence.

• Manual traders also use

  bitcoin price

  prediction tools for analysis to execute profitable trading. These subscriptions are mostly paid and required recurring payments.

Features of a Good Cryptocurrency Trading Bot

• One of the most important features of a good trading bot is its reliability. Look for bots that are used frequently by users and have positive feedback.

• When you are choosing a trading bot you are doing it at your own risk. You are giving authority to your bot to take control of your funds and trade with it in the market. So, you need to be cautious and completely sure before choosing a trading bot. So, it is advisable to do complete research before choosing a trading bot.

• Whether the trading bot is profitable or not depends on its prior performance in the market. So, while choosing a trading bot find out whether the trading bot is profitable or not.

• The cryptocurrency market is based on mutual trust and transparency. So, before you choose a trading bot to look into the profile and history of its developers. See if they are popular in the community or not.

• The main purpose of using crypto trading bot is to automate the process of crypto trading and make it easy for users. Look for trading bots that have a user-friendly interface and you must be able to control the software entirely.

Best Crypto Trading Bots

Trading with Bots is not secure if you started with a scam website. There are many Bot platforms are available in the market. We tried to shortlist few reliable, and trusted players of the market in this article. Let us now look into the top 5 crypto trading bots in the industry.

3Commas

3Commas is also comparatively a new trading bot in the market. One of its unique features is to trail the crypto market and close the trade at the right time to maximize your profitability. The bot quickly adapts to the changing pattern of the volatile crypto market and ensures a maximum return to your investment.

Features:

• Automizes trading maximizes profit and avoids loss from trading.

• The bot is hosted online and is available from anywhere and any device having an internet connection.

• The bot has partnered with 13 popular crypto exchanges including Binance, Kucoin, Bittrex, etc.

• 3Commas is available in 3 package plans starting from $22 to $75 per month. However, users can use the bot for free if they have an account at the Huboi exchange.

TradeSanta

TradeSanta is a popular cloud-based trading bot software that allows users to make a profit at the time of market fluctuation. It provides automated trading with the help of algorithms and there are tools like filters, signals which are very much helpful to take decision. It automatically executes orders on behalf of the users without accessing your funds. These bots are basically computer programs which are fast, works 24×7 with different market analysis and calculations. TradeSanta offers free and paid both plans. In a free plan, users can create up to 2 Bots and trade up to volume $3k. For paid plans payment can be made through Bitcoin, Ethereum, and Tether.

Features:

• Streamlined process, multiple tools, and user-friendly interface;

• Top cryptocurrency exchanges are integrated such as Binance, Huobi, Bittrex, BitMex, Bitfinex, and many more.

• Users will get flexible telegram notifications.

• Bot templates are available to launch your trade bot in a minute.

• Fee as well as paid plans available

• Telegram community with 24/7 support

Trality

Vienna-based Trality brings the power and potential of automated bots to everyone who needs them. Check out this, if you are new to automated crypto trading.

The clean, elegant design of their Rule Builder allows crypto traders with little-to-no coding experience to transform their trading ideas quickly and easily into a profitable strategy using professional-grade tools.

Trality‘s state-of-the-art Code Builder is the world’s first browser-based Python code bot editor, designed for experienced traders who want to develop sophisticated trading algorithms using the latest technology. And since Trality is a cloud-based platform, all of its tools are available 24/7, allowing users to create, backtest, and live trade at any time, day or night, from anywhere in the world.

Traders funds remain safe on their chosen exchange, and Trality only uses withdrawal-disabled API keys.

• User-friendly interface: drag and drop or code your indicators and strategies with confidence

• Free financial data, blazing-fast backtester, unrivaled flexibility

• A range of pricing plans, from FREE to monthly/annual

Coinrule

Coinrule is a user-friendly, automated, trading bot platform that caters to both new and experienced traders. It comes with a wide range of tools that allow you to easily set and define rules and conditions for when and how to trade, no coding required. Or, you can choose from over 150 pre-existing templates.

Coinrules approach is unique among competitors. Its If-This-Then-That reasoning embraces the requirements of all traders, its user-friendly interface also permits everyone to develop an individualized trading bot from the ground up using customized rules. Alongside a free plan, Coinrule offers a range of paid plans each tier coming with additional privileges.

To get started, all you need to do is create an account and connect Coinrule to your favorite exchanges using an API link. Coinrules offers free as well as paid plans raging from $29.99/m to $449.99/m.

Cryptohopper

Cryptohopper is considerably new in the market but has already gained immense popularity due to its wide range of features and technical leverage over other bots. Few highlighted features are:

Features:

• One of the main limitations of earlier crypto trading bots is that they could only operate when the PC is on. Cryptohopper uses cloud-based technology wherein, you can run and trade with your bot on a cloud and use it any time of the day even when you are offline.

• Cryptohopper allows you to run your bot in autopilot mode and set your trading signals. This is extremely useful for new users who often fail to set their own trading signals.

• Cryptohopper is enriched with other special features like technical analysis which helps you to customize your bots settings and templates through which you can design a new setting for your bot.

• Cryptohopper offers several plans to choose from starting from $19 to $99 a month.

• You can trade on multiple exchange platforms like Binance, Huboi, Kucoin, Bittrex, Coinbase, etc.

Conclusion

Cryptocurrency trading bots are useful for automated trading and can be very profitable if used carefully. There are some trading software such as the bitcoin era platform which can be used for trading purposes. It is very much recommended to use any platform with proper knowledge and research and choose only reputed and secure bot software.