The Best Crypto Trading Bots

Crypto Trading Bots - Easy Money Or Tipping Off The Money? [Guide 2022]
 

A crypto trading bot is a programmed system that analyzes a cryptocurrency market and opens and closes cryptocurrency trades for you, you just need to give it all the necessary information. Also, trading software can be enabled to use auto trading in the cryptocurrency channel and use the information given in the signals of professional traders.
 

9 Best Buying and Selling Bots 2022:

  1. Cryptohopper
  2. Zignaly
  3. Wunderbit Trading
  4. Cornix
  5. 3Commas
  6. Profittrailer
  7. Haasbot
  8. Shrimpy
  9. Coinigy

If you are reading this article, you probably tried to use the Telegram crypto bot trader or googled a lot “What is the best trading bot?”.
 
Right?
 
You read a lot of beautiful articles about a huge amount of money that appears from nowhere - just pay for the auto trading bot subscription and you will get billions automatically!
 
No.
 
Anyway, today I’m gonna show you the tips that will help you get permanent earnings trading with the best crypto trading bots like Haasonline (Haas Bot) or Cryptohopper trading bot.
 

Are Bots Worth the Money?

Automated trading robots
 
As a rule, professionally tuned bots can show impressive results and even a series of successful transactions. However, the crypto market never stands still, while trends can change each other countless times. Therefore, automated trading robots can provide you with good results and become a great investment subject only in some instances:
  • Systematic update of software settings
  • Trading strategy adjustment
  • Bot adaptation to different market conditions

On the other hand, it is better to trust professionals if you do not have the appropriate skills. This applies to companies that sell automated trading software and helps maintain and configure an automated trading robot.
 

Investments in Trading Software

Cryptocurrency trading assumes that a user must have an average knowledge level to adjust the software considering price and market trends.

If you consider a bot from the point of view of the profitability of the investment, the software can automate the main routine processes. In the meantime, user participation is also necessary to remain in the black from a strategic perspective.

Below you will find out which trading operations an automated trading robot can perform most efficiently.
 

When Is the Use of a Bot Justified?


When to utilize about with maximum efficiency?

Properly configured software can take on many routine tasks, including:
 
  • Investment rebalancing
  • Smart order routing
  • Analytics and market data collection
  • Efficient portfolio management

Routine daily tasks take a lot of effort and time for a trader. Therefore, automating these processes is an effective solution in itself.

Setting up an automated trading robot involves setting specific tasks and goals that should be performed according to specified scenarios in the background. More advanced users can take an approach where bots can follow a trader's move to rebalance periodically.

The time factor also matters in trading strategies since it concerns a highly volatile market. Now you do not have to track the price of an asset every minute by updating an asset's price chart. Trade automation software can track price changes and execute a trade if a user has set such a scenario.

Finally, the use of complex trading strategies can also be put on the shoulders of the software. It is unlikely that you will be able to keep dozens of market factors in your head and draw the correct conclusions based on their correlation.
 

Bot Types to Automate Cryptocurrency Trading


Here are some of the most commonly used pre-programmed bots for cryptocurrency trading:
 
  • Market making. You can set up the software so that the bot automates the activation of temporary orders to buy or sell at a price close to the nearest market indicators. This kind of bot will help you avoid too much price fluctuation.
  • Mean reversion. It is an AI-powered trading robot. The bot's work assumes that the price of a coin may differ from its average value, which means a user can revert back to its average. It’s one of the challenging trading strategies one can forward to a bot.
  • Arbitration. This type of bot is prevalent today. It's all about the simplicity of its settings and the list of simple operations that must be performed with high frequency. A robot buys crypto on one exchange and finds the most profitable platform for its sale at a better price.
  • Momentum trading. In this case, a robot applies a trend-following strategy. A bot uses the moving market momentum and makes sure to buy and sell an asset in time before the trading momentum runs out.
  • Copy-trading. The bot allows users to copy trades of professional traders with one touch. Someone thinks that this approach is the most profitable among lots of trading strategies since the robot follows the transactions of experienced traders and copies all operations for buying and selling crypto assets.
     

Why Are Bitcoin Bots So Popular?
 

Hype.
 
Your crypto-friends are excited:
 
“I spend one hour per day just setting up my Telegram trading bot!”
 
“It’s easy money, bro!”
 
According to our research, 126 out of 209 traders use the best crypto trading bots for automated Bitcoin trading.
126 out of 209 traders use crypto trading bots

But it’s not only about users - you can find a lot of different unknown bots on the Internet.
 
According to awesomeopensource.com there are 70 Bitcoin trading bots with open source, so let’s imagine how many of them are in general! 
But what is special about cryptocurrency trading bots?
 
Why are the best Telegram bots so popular?
 
Let’s see.
 
time management with crypto trading bots

You know, when you trade just with the help of signals and a crypto exchange like Binance or Coinbase, you will spend a lot of time monitoring the market.
 
But with a top grid trading bot, trading is simple - you need just to give them all the details of a deal.
 
They are like washing machines!
 
round the clock trading with crypto trading bots

People are not the best Bitcoin robots.
 
Crypto traders can’t trade 24/7 every day.
 
But the best crypto robot can!
 
So you can easily use it and spend all your time working, playing with your kids, etc.
 
a beginner's convenience with crypto trading bots

Of course, it is not about every Telegram crypto trading bot. Some of them have a very difficult interface that is not suitable for beginners.
 
Also, you can check every free trading bot GitHub (if you are familiar with IT).
 
But still, a lot of beginner-traders think that they can trade with a Bitcoin bot without any experience or knowledge in crypto.
 
crypto trading bots are emotionless

You know that moment when you see that that coin is decreasing in value.
 
Most crypto traders start to think:
 
“Oh no, I need to sell it right now. Otherwise, I will lose everything I have invested.”
 
Emotions.
 
And cryptocurrency and stock bots don't think like that because they are machines!
 
A free trial robot will use only set parameters.
 
Those bots will close the deal by the stop-loss price if needed.
 

How Profitable Are Bitcoin Trading Bots?
 

According to TradeSanta.com, a cryptocurrency trading software, in inefficient crypto markets, automation can still be a silver bullet if you're an individual trader.
 
Free trial bots are just like soldiers that fight on your behalf 24/7, giving you an advantage of time, volume, profit, and price, on the one hand.
On the other hand, you should take full responsibility for everything your bots do on the crypto battlefields.
 
They never give you a 100% guarantee of an extra income, unless these are scam bots (and these guarantees are not true).
 
Basically, this is just software that helps you to implement your own strategies, and knowledge, and get an automated Bitcoin trading experience.
 

Advantages of Automated Bots
 

Every time you want to try a new thing, for example, a leveraged grid bot, you want to know about its advantages and disadvantages, right?
 
Is the best trading bot worth the money?
 
Let’s check.
 
the speed of information processing by crypto trading bots

Every person needs to eat, to sleep, to take a small break for tea or coffee, to spend some time with the family.
 
But it’s not about crypto-bot trading software.
 
People sometimes want to avoid risks and emotions, but Bittrex bot - doesn’t.
 
Bitcoin trading robot makes all the steps with your deals faster and better.
 
comprehensive tracking with crypto trading bots

Are you able to track the price of every existing coin?
 
Nah… Unless you don't sleep and monitor the market 24/7.
 
Cryptocurrency trading bots can analyze monster-size information!
 
procedural techniques of crypto trading bots

Again, emotions.
 
Manual trading bots for cryptocurrency only listen to humans, their strategies, and replicate their intelligence.
 
No pressure.
 
No fear.
 
Everything is simple!
 
defined accuracy of crypto trading bots

A person can miscalculate parameters or analyze charts or strategies without attention.
 
This leads to huge losses.
 
Bots, as machines, are much more accurate.
 

Disadvantages of Bitcoin Trading Bots
 

You should think about every scenario before trading with a crypto bot Telegram.
 
Not every crypto-bot trading software is good and legit.
 
Remember, that not every auto crypto bot trader is a scam!
 
It just means that it’s going to contain some developer errors etc.
 
So what is gonna happen if you choose a bad Bitcoin trade bot?
 
developer errors with crypto trading bots

Now you know that cryptocurrency trading bot is made with the help of humans.
 
So they can contain developer errors.
 
Setting up a bot with trading signals is a very complicated process, so developer mistakes can be anywhere - even at the best crypto trade bot.
And the result of such mistakes will definitely lead to trader’s losses or, which is worse, money-losing.
 
transaction frequency with crypto trading bots

One of the main disadvantages of trading with a trading bot Telegram is how often deals are carried out.
 
So, cryptocurrency exchanges fee for opening or closing positions can exceed the amount of your revenue.
 

Of course, if you choose a good and professional bot, those parameters should be adjusted.
 
scam crypto trading bots

Oooh, what a nightmare!
 
Yes, unfortunately, there are lots of scam Binance trading bots.
 
How to distinguish a scam bot from all of them?
 
We are going to talk about this a bit later.
 

Is It Possible To Earn Money With The Help Of a Trading Bot?
 

how to earn money with crypto trading bots

Did anyone tell you that you will definitely earn something while trading with free crypto trading bots?
 
Don’t believe it!
 
Why?
 
The reasons are quite simple.
 
As we already pointed out in the pros & cons - robots are machines only.
 
But some of the bots for cryptocurrency can show you their accuracy.
 
They provide you results and losses they have made.
 
The best and safest if we talk about trading with a bot is using a complex - the best Bitcoin trading bot and a crypto provider - a professional trader that provides profitable cryptocurrency signals.
 
At Safetrading you can find such providers.
 

Do Bots Scam People?
 

do crypto trading bots scam people

Hell yeah!
 
Scam bots are made only to steal users’ funds.
 
Pim from the Gunbot team shared his opinion about automated bots in general and gave some advice on how not to be scammed by a free Bitcoin trading bot:
 
gunbot opinion about scam crypto bots

Imagine:
 
Inexperienced users buy a subscription and give the bot full access to their investments.
 
If you don’t know how to choose the best crypto trading bot 2020 among all the existing ones and decide to trade with a doubtful bot...
 
Your assets are going to be stolen.
 
  • Crypto Robot 365;
  • Bitcoin Loophole;
  • Bitcoin Code;
  • Crypto Edge;
  • BTC Robot;
  • Bitcoin Trader;
  • Bitcoin Revolution.
The accuracy and profitability of those bots are doubtful.
 
But they are not the only ones, unfortunately.
 

What Should You Remember Before Trading?
 

I promised you some tips on how not to lose everything you deposited.
 
But I’m gonna give you more!
 
Are you ready for advice that will help you to get profit while trading?
 
don't share your api secret

Please, keep it in a safe place.
 
Don’t take a screenshot, don’t put it in “Notes”. Store it offline and your assets will be safe.
 
never give your crypto trading bot withdraw access

Remember we were talking about scam bots?
 
So… You should be the only creature in this world who can withdraw the assets.
 
don't be afraid of losses with crypto trading bots

Even Bitcoin trading bots can lose money because the cryptocurrency market sometimes is very volatile and unpredictable.
 
To be sure you are not going to lose all the money you have on your account, use stop-loss.
 
But don’t be scared. It’s okay to make mistakes - even for a Bitmex trading bot.
 
use different strategies with crypto trading bots

Bull market. Bear market.
 
The strategies are different for different markets, so switch your strategy every time the market changes.
 
But you need to change them wisely and to be sure you know how they work.
 
take some time to study crypto trading

To set your best crypto trade bot 2020 you need to understand what you are doing and which strategy to follow.
 
If you don’t know how to use the crypto trading bot, it will be very hard to control it and to gain profit.
 
remember about fees of crypto trading bot

Don’t forget that you pay fees for every trading (not with every bot, but still).
 
So you should make enough profit to cover your fees.
 
use crypto signals bot with crypto provider

This is the best decision!
 
Just find a good and legit crypto trader and use his signals to trade with the BTC trading bot Telegram.
 
read about cryptocurrency trading

Don’t do something if you don’t know what it is for.
 
Write to the support or google your question.
 
use only checked crypto trading bots

Don’t waste your time and money trying to trade with unknown bots.
 
There are a lot of reviews on cryptocurrency trading bots, which are not going to steal your money.
 
Alex from LiveTrader has the following opinion about the situation with bots-scammers:
 
livetrader opinion about scam crypto bots


TOP 8 Automated Bots 2022
 

We know that our readers like the theory but we imagine how they love the real lists of services they can safely use! Safetrading works to offer you only the trusted crypto tools, that is why we want to present you the list of good bots, so as to tell a bit more about their features and prices.
 

Cryptohopper
 

Supported Exchanges: HitBTC, OKEx, KuCoin, Bitvavo, BitPanda Pro, Huobi, Poloniex, Kraken, Bittrex, Bitfinex, Coinbase Pro, Binance, Binance US.
 
Features:
 
  • 100+ Cryptocurrencies Supported;
  • Market-Making;
  • Arbitrage Trading;
  • Strategy Building;
  • Social Trading;
  • Demo Account;
  • Education.

Prices:
 
  1. Pioneer: $0/month
  2. Explorer: $19/month
  3. Adventurer: $49/month
  4. Hero: $99/month


Zignaly
 

Supported Exchanges: Binance, KuCoin, BitMEX, VCC Exchange, FTX.
 
Features:
 
  • Copy Trading;
  • Demo Account;
  • Strategy Backtesting;
  • Strategy Design;
  • Education;
  • Telegram Integration.

Prices:
 
Currently, Zignaly offers an absolutely free subscription plan with all the possible features available.
 

Wunderbit Trading
 

Supported Exchanges: Binance, Binance Futures, Deribit, ByBit, KuCoin, OKEx, HitBTC, Kraken, FTX US, BitPanda Pro, Bittrex.
 
Exchanges Coming Soon: BitMEX, Huobi, Binance US, Gate.io, Coinbase Pro, Gemini, Bitfinex, Poloniex.
 
Features:
 
  • Crypto Trading Automation;
  • Strategy Design;
  • Strategy Backtesting;
  • Multiple Account Management;
  • Copy Trading;
  • In-House Crypto Exchange.

Price:
 
  1. Free: $0/month.
  2. Basic: $9.95/month, $26.87/3 months, $50.75/6 months, $83.58/12 months.
  3. Pro: $24.95/month, $67.37/3 months, $127.25/6 months, $209.58/12 months.
  4. Premium: $44.95/month, $121.37/3 months, $229.25/6 months, $377.58/12 months.


Cornix
 

Supported Exchanges: ByBit, Deribit, KuCoin, Huobi, BitMEX, Bittrex, Binance, Binance Futures.
 
Features:
 
  • Auto Trading;
  • Telegram Integration;
  • Trailing Stops.

Price:
 
  1. Beginner: $24.90/month, $238.80/12 months.
  2. Intermediate: $32.90/month, $322.80/12 months.
  3. Pro: $47.90/month, $466.80/12 months.


3Commas
 

Supported Exchanges: Binance, Binance Futures, FTX, ByBit, BitMEX, Deribit, Bittrex, Binance US, Binance DEX, Bitfinex, Bitstamp, Cex, Coinbase Pro, Exmo, Gate.io, HitBTC, Huobi, Kraken, KuCoin, OKEx, Poloniex, Yobit.
 
Features:
 
  • Trailing Stops;
  • Portfolio Builder;
  • Technical Indicators;
  • Auto Trading.

Price:
 
  1. Starter: $29/month, $174/12 months.
  2. Advanced: $49/month, $294/12 months.
  3. Pro: $99/month, $594/12 months.


Profittrailer
 

Supported Exchanges: Binance, Bittrex, Huobi, KuCoin, Poloniex.
 
Features:
 
  • Trailing Stops;
  • Technical Indicators.

Price:
 
  1. Signals Edition: from 30 EUR/month.
  2. Basic: from 49 EUR/month, 799 EUR/lifetime.
  3. Advanced: from 69 EUR/month, 999 EUR/lifetime.


Haasbot
 

Supported Exchanges: Binance, Binance Futures, Binance US, Bitfinex, BitMEX, BitPanda Pro, Bitstamp, Bittrex, ByBit, Cex, Coinbase Pro, Deribit, FTX, Gemini, HitBTC, Huobi, Ionomy, Kraken, Kraken Futures, KuCoin, OkCoin, OKEx.
 
Features:
 
  • Trailing Stops;
  • Strategy Backtesting;
  • Technical Indicators;
  • Open-Source Code.

Price:
 
  1. Beginner: 0.006 BTC/3 months, 0.009 BTC/6 months, 0.013 BTC/12 months.
  2. Simple: 0.009 BTC/3 months, 0.016 BTC/6 months, 0.025 BTC/12 months.
  3. Advanced: 0.015 BTC/3 months, 0.027 BTC/6 months, 0.039 BTC/12 months.


Shrimpy
 

Supported Exchanges: KuCoin, Binance, Bittrex, Bittrex Global, Coinbase Pro, Binance US, Kraken, Poloniex, Gemini, Bibox, BitMart, Huobi Global, HitBTC, OKEx, Bitstamp, Bitfinex.
 
Features:
 
  • Trailing Stops;
  • Portfolio Builder;
  • Strategy Backtesting;
  • Technical Indicators;
  • Copy Trading.

Price:
 
  1. HODLer: $0/month.
  2. Professional: $19/month, $96/6 months, $156/12 months.


Coinigy
 

Supported Exchanges: Binance, Binance Futures, Binance US, Bitfinex, BitFlyer, Bithumb, BitMEX, Bitstamp, Bittrex, BleuTrade, BTCmarkets, Cex, Coinbase Prime, Coinbase Pro, CoinCheck, Coin Mate, Coinone, CoinsBank, Deribit, Exmo, FTX, FTX US, Gemini, HitBTC, Huobi Pro, itBit, Korbit, Kraken, KuCoin, LakeBTC, OKEx, Poloniex, Uniswap, Yobit.
 
Features:
 
  • Trailing Stops;
  • Portfolio Builder;
  • Technical indicators.

Price:
 
  1. Free: $0/month;
  2. Pro Trader: $18.66/month;
  3. API Developer Pro: $99.99/month.


Automated Bots: Conclusion
 

Starting to trade with the free crypto trading bot you should remember, that it still needs you and the parameters you give it to trade.
 
“Hey, use my crypto bot and earn $1000 on the first day of trading!”
 
Don’t believe it.
 
Everything successful process needs some time, effort, investments, and patience.
 
Do crypto and stock bots really work?
 
It is definitely possible to earn with bots. They will save you a lot of time!
 
But if you are a newcomer, take your time, read a lot of articles, opt for the best cryptocurrency wallet and start to trade slowly.
 
And you will be a successful trader!
 

Frequently Asked Questions

  • Do Trading Bots Work Crypto?
    • Yes, absolutely. Today, the vast majority of novice traders use trading bots to explore the possibilities of the crypto market and test trading strategies. Using bots allows traders not to worry about any delays. A bot works with various trading algorithms and significantly increases your chances of making a profit.

  • Are Crypto Trading Bots Profitable?
    • Yes, bots can be profitable. However, not every program can demonstrate successful trading day in and day out. Even the 5-star software products cannot trade with 100% accuracy. Therefore, you should not rely solely on trading software. Better to use bots as one of the alternative ways to make money with crypto.

  • Are Trading Bots Legal?
    • Using trading bots is absolutely legal. Therefore, please choose one of the bots listed in our rating and make your daily trading even more profitable.