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, crypto trading bots can be enabled to use auto trading in the cryptocurrency channel and use the information given in the signals of professional traders.
8 Best Crypto Trading Bots 2022:
- Cryptohopper
- Zignaly
- Wunderbit Trading
- Cornix
- 3Commas
- Profittrailer
- Haasbot
- Shrimpy
- 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 real tips which will help you to get permanent earnings trading with crypto bots like Haasonline (Haas Bot) or Cryptohopper trading bot.
Why Are Bitcoin Trading 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 crypto bots for automated Bitcoin trading.
But it’s not only about users - you can find a lot of different unknown crypto bots on the Internet.
But what is special about them?
Why are the best Telegram crypto bots so popular?
Let’s see.
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 top trading bots, crypto trading is simple - you need just to give them all the details of a deal.
They are like washing machines!
People are not the best Bitcoin robots.
You 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.
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 crypto 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.
You know that moment when you see that that coin is decreasing in value.
You 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 trading bots don't think like that because they are machines!
It 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.
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, knowledge, and get an automated Bitcoin trading experience.
Advantages of Crypto Trading Bots
Every time you want to try a new thing, you want to know about its advantages and disadvantages, right?
Is the best trading bot worth the money?
Let’s check.
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 bots.
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.
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!
Again, emotions.
Bots for cryptocurrency only listen to humans, their strategies, and replicate their intelligence.
No pressure.
No fear.
Everything is simple!
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 all the bots are 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?
Now you know that cryptocurrency trading bot is made with the help of humans.
So they can contain developer errors.
Setting up a bot 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.
One of the main disadvantages of trading with a crypto trading bot Telegram is how often deals are carried out.
Of course, if you choose a good and professional bot, those parameters should be adjusted.
Oooh, what a nightmare!
How to distinguish a scam bot among all of them?
We are going to talk about this a bit later.
Is It Possible To Earn Money With The Help Of Crypto Trading Bot?
Did some tell you that you will definitely earn something while trading with a bot?
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?
Hell yeah!
Scam crypto trading bots are made only to steal users’ funds.
Pim from the
Gunbot team shared his opinion about crypto trading bots in general and gave some advice on how not to be scammed by a free Bitcoin trading bot:
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?
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.
Remember we were talking about scam crypto bots?
So… You should be the only creature in this world who can withdraw the assets.
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.
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.
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.
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.
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.
Don’t do something if you don’t know what it is for.
Write to the support or google your question.
Don’t waste your time and money trying to trade with unknown bots.
Alex from
LiveTrader has the following opinion about the situation with bots-scammers:
TOP 8 Crypto Trading 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:
- Pioneer: $0/month
- Explorer: $19/month
- Adventurer: $49/month
- 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:
- Free: $0/month.
- Basic: $9.95/month, $26.87/3 months, $50.75/6 months, $83.58/12 months.
- Pro: $24.95/month, $67.37/3 months, $127.25/6 months, $209.58/12 months.
- 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:
- Beginner: $24.90/month, $238.80/12 months.
- Intermediate: $32.90/month, $322.80/12 months.
- 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:
- Starter: $29/month, $174/12 months.
- Advanced: $49/month, $294/12 months.
- Pro: $99/month, $594/12 months.
Profittrailer
Supported Exchanges: Binance, Bittrex, Huobi, KuCoin, Poloniex.
Features:
- Trailing Stops;
- Technical Indicators.
Price:
- Signals Edition: from 30 EUR/month.
- Basic: from 49 EUR/month, 799 EUR/lifetime.
- 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:
- Beginner: 0.006 BTC/3 months, 0.009 BTC/6 months, 0.013 BTC/12 months.
- Simple: 0.009 BTC/3 months, 0.016 BTC/6 months, 0.025 BTC/12 months.
- 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:
- HODLer: $0/month.
- 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:
- Free: $0/month;
- Pro Trader: $18.66/month;
- API Developer Pro: $99.99/month.
Crypto Trading 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 trading bots really work?
It is definitely possible to earn with crypto trading 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!