Are you looking for the best tools to automate your crypto trading and generate a passive income? Thankfully, you can find the 10 best tools to automate this process.
Would you like to make huge profits in the highly volatile cryptocurrency market? If so, you can achieve it with technical analysis, create complex trading strategies and trading at the right time if you are able to analyse thousands trading signals all over the world.
Unfortunately, the learning curve for new crypto traders is much steeper. This is because of the presence of large variety of digital coins to choose from and markets kept open around the clock. As the learning curve is steeper, the potential for losses is much greater as well. Thankfully, you can rely on tools for crypto trading automation known as crypto trading bots.
Most tools for crypto trading automation use a software for trading automatically on your behalf. These crypto bots can execute trading at any hour of the day. Even, some bots carry features that help you develop and improve your own trading strategies. If you are already trading in the crypto market, there is a high chance that you might have traded against bots. However, you might not have realized it.
What Are Crypto Trading Bots?
A Crypto trading bot is a computer program. It has been made to automate a given function across different crypto exchanges. The execution and the functions of these bots vary based on the trading strategy you choose for your bot. The attractive thing about these bots is that you can custom-code them. In other words, you can get your trading bot to sell and buy at particular price points. You can also order the bot to invest in different assets at regular intervals with the help of dollar cost averaging and other techniques.
How Does the Best Crypto Trading Automation Tool Work?
These bots communicate directly with cryptocurrency exchanges. They do this to execute transactions and place trades and evaluate trading data on your behalf. The best cryptocurrency trading bots rely on AI Technologies and advanced algorithms to understand market trends. Also, they use these technologies for making predictions and executing trades at the right time.
The key purpose of an automated crypto trading bot will be to generate as much profit as possible for you. For instance, let us consider that you use a Bitcoin Bot. It will watch the price of Bitcoin and make trades based on its algorithmic understanding of when the cost probably increases or decreases. So, you can be relieved of the duty of constantly monitoring Bitcoin prices and market trends. In addition to being time-consuming, human watching can lead to missed opportunities. You will not miss out when you use a bot.
To learn from previous trades, these tools employ artificial intelligence. Also, to adapt to the changing market conditions, they use machine learning. Let us consider that an AI trading bot processes more data. If this happens, it will become more sophisticated in framing the best trading strategies. So, you can continue to make profits with the help of these bots even when you sleep.
A cryptocurrency trading bot being AI-powered is more beneficial. However, even you can find crypto trading tools without AI. They can also help you trade with ease and become more profitable. The reason is that these bots arrive at different decisions based on data. Also, they decide based on other factors like time, trading volume and price movements.
10 Best Tools for Crypto Trading Automation Reviewed
Our #1 pick for best tools for crypto trading automation is Robotbulls
Do you look for the best tools to automate crypto trading? You will find below detailed information and a review of the best 10 platforms:
1. RobotBulls
RobotBulls
RobotBulls is purely an automated cryptocurrency trading robot. This crypto trading platform has been designed not only to manage but also to optimize your trading operations. Most importantly, the tool can work without your intervention. This state-of-the-art tool uses advanced algorithms. These algorithms help evaluating the crypto market and spot profitable investment opportunities. Once, it spots the opportunities, it automatically executes trades on your behalf. In turn, it can help you cash out potential earnings each 3, 6 or 12 months, depending on your selected plans.
Key Features
Handles crypto trading on your behalf 24/7
Helps you gain profits even when you are dormant
Uses advanced trading algorithms
Easy to use
Free platform
You might be wondering how RobotBulls makes money when the platform is free. The tool will get 20% of your earnings when you cash out.
Pros
Relieves you off the stressful and time-consuming process of crypto trading
Reduces the risk of human errors by automating the trading process
It increases your potential to make more profits from your crypto investments
It invests in different digital currencies (Bitcoin, Ethereum, etc)
By diversifying your investment, it reduces the risks of loss
When your money is invested in different digital currencies, the chances of making profits will be higher.
Customer support in various languages
Unique Facilities At RobotBulls
You might wonder how this platform stands out from the rest. Here are some features that differentiates it:
Powerful and effective tool
It offers innovative features like back-testing of historical data
You can customize the settings of the robot as per your requirements
Algorithm accuracy
2. 3Commas
3Commas
Not only automated trading but also this platform offers manual trading techniques. It is a crypto investment platform as well. The radical trading tools that this platform offers will help you manage your assets effectively. Above all, you can do it across major crypto exchanges. Moreover, you can manage all from this single platform. Further, it offers strategies that will help you trad in bear, bull and sideways market conditions.
Pros
On this platform, you can control all exchanges from a single interface
Helps you with portfolio management
Offers analytics of trading performance
You can get advanced trading bots on this platform that trade automatically based on the preset conditions
3. Coinrule
Coinrule
Coinrule holds the pride of being one of the bot providers growing at a faster pace. The simple user-interface in this platform has attracted many new traders. Top investors back this platform. It has helped thousands of traders automate billions of dollars in investments. Above all, you can do this across different crypto exchanges.
Pros
TradingView offers access to different technical indicators
It offers more than 200 pre-set templates
It features a risk-free demo mode that will help you test strategies
It is an artificial-intelligence-based marketplace
The user-interface on this platform is friendly to beginners
4. Pionex
You can trade more efficiently on this platform that offers automated trading strategies. The attractive feature is that this platform offers 16 built-in trading bots. For beginners, the Grid Trading Bot offers an automated trading program that will initiate trading once set up. It buys a particular percentage of the selected asset and places buy orders below and sells orders above the present price.
Pros
Dual investment feature
Offers different earning possibilities
Future trading with up to 100x leverages
Competitive trading fees
16 free built-in trading bots
5. Cryptohopper
This platform is one of the best options for those beginning in crypto trading. Its trading software works with more than 100 tokens on 15 exchanges. With more than half a million users, its packages range from $0 to $99 per month. It means that there is something for everyone. For beginners, this platform offers a wealth of educational resources. Also, it offers signals, copybots and templates. For experts, this platform offers the facility to back-test and design their own strategies.
Pros
User-friendly interface without programming needed
Supports trading with different exchanges
Established platform with a huge userbase
Offers a free trial
Hosted in the cloud for quick deployment
6. Shrimpy
This is a portfolio management platform. However, it provides tools for automated trading as well. This platform gained popularity for its auto-rebalancing portfolio tool. Later it gained popularity by allowing users to trade across multiple exchanges. This platform stands out for its strong tutorial section and streamlined user interface. They offer a wide range of features. Examples include portfolio rebalancing, social trading and back-testing.
Pros
Comes with social trading features
It lets users tap into the community via different platforms like Discord, Telegram and Reddit
Partnered with CoinLedger to offer a simple solution for tax reporting to users
7. Altrady
This popular and comprehensive crypto trading bot offers different customizable features and tools. It lets you automate and strategize your trading in whichever way you love to. Also, it offers an excellent portfolio management tool. It will let you buy and sell different exchanges via a single platform.
On the same platform, you have the option to keep up-to-date with each move in the market with real-time market data. It offers a journaling feature to keep your notes on the market. Also, with its quick scan feature, this platform can notify you of quick rises and drops in the market.
Pros
The platform keeps you updated on every move in the market
You can get real-time market data and aggregated news
Offers a journaling feature to help you keep your notes
Offers trading features like grid bots and signals
Advanced trading features like OCO, trailing stops and scaled laggers
8. Vestinda
If you are looking for a complete automation platform without any trading bot, you can choose this app. On this platform, you can create, back-test and automate trading bots and strategies. You can do this without a single line of coding. It offers the most advanced visual builder. It offers copy trade ready-made strategies and bots that experts have created.
Pros
This platform offers a visual strategy builder
You can test and cautomate trading ideas on this platform
Also, you can build trading strategies without any coding knowledge
The platform offers the opportunity to test your assumptions using back-testing strategies
You can find a whole lot of historical data to compare and frame your strategies.
9. ArbitrageScanner
With Arbitrage Scanner, you can capitalize on price differences across different exchanges. Above all, the platform lets you do this without necessitating the pre-hold tokens. When you sign up for this platform, you will get round-the-clock notifications of price disparities among different crypto exchanges. The strategy of this platform revolves around a straightforward concept. It is that you will have to purchase a coin on one exchange, where the cost is lower. Then, you promptly transfer the coin to another exchange, where you can sell it for a higher price.
Pros
Provides access to only a closed community of people
When you sign up for Expert Plan, you will get a personal mentor to guide you
You can get free training to trade on this platform
When you buy a bot on this platform, you will get a lot of working cases
It offers a manual bot without any API request
Your capital will stay safe on this platform
10. Naga
As you are comparing the best tools for crypto trading automation, you can consider Naga. This platform will be the best choice for auto copy trading. This platform will let you set automatic copy trading for copying expert traders. You will be allowed to do this after you deposit a minimum of $250. You can get a fixed and regular return on your investment on this platform. The reason is that it offers a copy trading bot that will help even if you do not have coding skills and you are new to trading. Leveraging the speed and low latency of its system, this crypto trading bot provides traders, including those dealing with stocks on a regular basis, a significant advantage in the crypto bot trading scene, particularly in futures bots. With its quantitative algo, it enables seamless trade crypto services for your account, part of an experience designed to give you the upper hand in the fast-paced crypto market.
Pros
On this platform, you can deposit money from different means
You can trade with leverage up to 1,000 times on this platform
On this platform, you can find hundreds of users from whom you can copy trade
You can unlock the auto copy trading option on this platform by paying a small amount
Not only cryptocurrencies but also you can trade stock and more than 90 financial instruments
Now, you know that when comparing these top 10 options, RobotBulls is the best choice. You might have certain questions. Here are answers to some frequently asked questions:
FAQ To Automate Your Trading And Pick The Best Crypto Trading Bot
Do Crypto Trading Bots Work?
When you choose the best platform like RobotBulls, you can stay confident of improving your profits on crypto exchanges. With artificial intelligence, this bot can learn from the huge data it gathers. Finally, it makes moves that bring you profit alone. So, based on the platform you choose, you can get the best outcomes. While RobotBulls is definitely one of the best crypto trading bots on the market today, some others apps mentioned above deserve to be tested too.
How Successful Are Crypto Trading Bots?
They are successful. But, remember that not all platforms are successful. You should carefully select a platform like RobotBulls to expect great returns from the money you invest.
