Crypto trading can be very risky, as it requires many years of practice to do it profitably. This puts beginners at risk of losing their whole capital in the process. Up to now, only those who have risked it all to perfect their crafts can profit, but that is changing fast.
With the advent of crypto trading bots, nearly anyone can trade and profit without fear of being exposed to unnecessary risks. Trading bots aren’t just useful to beginner traders, they are also useful to experienced traders who wish to do more.
As a human, you can only watch trades for so long, and you’re likely to make emotional decisions that can cost you a fortune. Trading bots take care of this by trading for you 24/7, and not making impulsive decisions. No amount of experience can do that for you.
In this guide, we discuss five of the best crypto trading bot platforms you can use to completely change your crypto trading game.
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Coinrule is a beginner-friendly crypto trading bot platform that can be used by anyone because of its simple user interface. The platform is backed by top investors such as Y Combinator and Urban Innovation Fund as well as Angel investors including founders from Twitch, Kayak and Eight Sleep, giving credence to its reliability.
You can use Coinrule on top crypto exchanges, including Binance, Coinbase, KuCoin and others. Coinrule scans price trends across 2,000+ cryptocurrencies to help you spot investment opportunities. It is integrated with TradingView, making it even more powerful.
You can use the demo feature to familiarize yourself before committing your funds. If you’re new to bot trading, Coinrule also has resources to help bring you up to speed. The platform is free, but you’ll need to upgrade to a paid version if you wish to use more features.
3commas offers a platform with 21 bots that you can program from scratch or use with the existing rules. The bots include grid bots and dollar cost averaging bots, giving users many investment options to choose from.
You can also copy the trades of pro traders using the platform by integrating signals into your bot. You can also use it for portfolio tracking and management, among many other uses that make it an all round platform for trading cryptocurrencies.
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This is a cloud-based crypto trading bot that uses an algorithmic programmed trading approach and allows users to use external signals to make intelligent trading decisions. You can use it with nine different exchanges, including Coinbase, OKEX, KuCoin, Binance, Kraken, Huobi, and many others.
You can use it to access both free and paid signals from different pro traders, and is armed with over 30 trading indicators and over 90 candle patterns. The trading tools include bot backtesting tools, configurable and saveable templates, trailing stops, and customizable technical indicators.
ArbitrageScanner is a fully manual trading bot that you can use without requesting an API. you can use it to receive easily customizable notifications on Telegram. You can connect to any exchange or crypto asset you wish to track.
One notable strength of this bot is its ability to connect to decentralized exchanges and tracking the difference between DEX exchanges. It also comes with a personal manager that guides you on investment decisions and capital management.
With ArbitrageScanner, your capital is completely safe, as it is a manual bot. It also supports over 75 crypto exchanges, but is more expensive.
Bitsgap is a crypto trading bot best suited for arbitrage across many exchanges. You can connect to over 25 crypto exchanges to trade automatically. Bitsgap is unique in that it comes with a 14-day free trial, during which you can access all its features.
It also has a portfolio tracking feature that helps you make better trading decisions. You can also backtest your strategies or use a demo account to have a better understanding of the platform before using it.
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