What is the best crypto trading bot?

When you have decided to invest in Bitcoin, two important aspects come into play: knowledge and time. Both will not be available in abundance, especially when you just start investing. Using a crypto trading bot can provide a solution. To start with a crypto trading bot, you first need an account at a crypto exchange. Don’t have this yet? first create an account with one of the providers.

What is a crypto trading bot?

A crypto trading bot helps you buy and sell your positions. This happens automatically by using an app on your smartphone. Or via a software program on your computer. As a user, you determine the rules of the game yourself. A crypto trading bot automatically executes buy and sell orders based on instructions that you have set in advance. Also view our tips to become a successful bitcoin trader.

How does a crypto trading bot work?

You connect a crypto trading bot to the exchange where you trade your crypto. If you are not yet affiliated with an exchange, choose one by using our crypto comparator.

A trading bot trades your crypto based on instructions that you as a user have set in advance. This way you ensure that you buy and sell based on the trading strategies you believe in. This keeps your emotions in control and of course saves you a lot of time.

To correctly execute the preset instructions, a trading bot looks at the price, volume, order book and time. Collectively, these aspects form the conditions for executing your buy and sell orders. Some crypto trading bots also offer the option to contribute algorithms themselves and have them used by the trading bot.

What are the benefits of a crypto trading bot?

As mentioned, crypto trading bots are especially interesting for people who have little experience with investing in crypto. And for people who lack the time to actively trade crypto. You mainly use a trading bot because:

  • Convenience: you save time and can use the knowledge of others.
  • Always available: a trading bot carries out buying and selling instructions for you 24 hours a day.
  • No room for emotions: This can benefit your returns.

Which trading bot is best to choose?

To help you in your search for the crypto trading bot that best suits your needs, we have listed the most popular bots. We looked at user-friendliness, the range of exchanges that you can connect to the bot and the costs. Of course, the performance of a trading bot is also important. But this largely depends on how you set up the trading bot itself.

1:3Commas

3Commas crypto trading bot

Do you go for user-friendliness and do you think it is important that you can connect your trading bot to many different exchanges? Then choose 3Commas. At 3Commas you can connect the most famous exchanges, such as Binance, Coinbase and Kraken. You use the platform via an app with a very user-friendly interface. You can use 3Commas in a free version or in a paid version with additional options. These are available from €14.50 per month. Create an account with 3Commas immediately.

2: Pionex

crypto trading bot pionex

A trading bot that originated in Singapore. Pionex attaches great importance to security and offers users the opportunity to choose between 12 different trading bots. These each have a unique strategy that can be applied to different financial markets. The platform scores well in terms of user-friendliness. Pionex offers integration with Bitvavo, Binance and a number of other exchanges. The platform has no subscription types but works with a fixed fee of 0.05% per transaction. Create an account with Pionex now.

 

3: Cryptohopper

crypto trading bot cryptohopper

Cryptohopper is also known for its user-friendliness. Within a few minutes you have set up your own bot and can start trading. The advantage of Cryptohopper is that the most well-known exchanges can be connected. Think of Binance, Bitvavo, Coinbase, Kraken and Kucoin. Good to know that Vryptohopper is one of the few trading bots that has an integration with Bitvavo. If you trade crypto on Bitvavo, we definitely advise you to use Cryptohopper.

The free version is somewhat limited in terms of options. This means you can only trade a limited number of cryptocurrencies, which also has to be done manually. These options are of course available in the paid versions. These are available from $19 per month. Create an account with Cryptohopper immediately.

4: HaasOnline

crypto trading bot haasonline

HaasOnline is a slightly less well-known player in the market. A plus is the support of a large number of crypto exchanges. A downside is that the platform can only be used via a desktop version. HaasOnline also does not come out on top in terms of costs. There is no free version and paid versions start from 0.009 BTC per month. However, the options are limited with the cheapest subscription. Create an account with HaasOnline now.

5: Coinrule

crypto trading bot coinrule

We are quite pleased with Coinrule. The platform shows similarities with that of Bots. You can also program your own Bot at Coinrule, or use bots from other users.

Coinrule can be connected to the well-known exchanges Binance, Coinbase and Kraken. Unfortunately, there is no integration with Bitvavo yet.

Coinrule scores well in terms of user-friendliness. The platform can be used via the app or a desktop version. The interface is clear and uncluttered.

Coinrule offers a free version that allows you to get acquainted with the platform. Paid versions are available starting at $29.99 per month. Create an account with Coinrule right now.

6: Quadency

crypto trading bot quadency

Although Quadency is often used as a platform to manage different portfolios, we still think it is good to mention it. Quedency does have a trading bot where you can use a number of trading strategies. The free version is limited to only 10 transactions per day. The paid version is available from $49 per month.

Are you a large player where you have to manage portfolios spread across different exchanges? Then we definitely recommend that you use Quadency.

7: Crash

Bots crypto trading bot

Bots is a Dutch trading platform that makes investing in the broadest sense of the word possible. In addition to trading in crypto, you can also trade in shares, real estate, durable goods, options, ETFs, art, loans, start-ups and scale-ups via Bots.

Bots are slightly different from the rest. You do not connect your own portfolio to the trading bot. Instead, you choose a trading bot in the platform. This is where you deposit money. The bot you selected will then start working on your investment.

You can also create a trading bot yourself by providing an algorithm. Users can then choose your bot on the platform and invest money in it. Users then pay you to use your bot. So earn money!

The costs of using the platform consist of a trading fee of 0.2% per transaction.

8: Gunbot

crypto trading bot gunbot

Gunbot is an international trading bot that scores fairly positively in terms of user-friendliness. A disadvantage is that the trading bot can only be used via a desktop version. Gunbot is also quite pricey. The cheapest version costs you 0.055 BTC once, but it only offers a limited number of options. Unfortunately, Gunbot does not have a free version.

9: Gecko

crypto trading bot gekko

We conclude this list with Gekko. The only trading bot that is truly free and therefore fun to try. Because there are no costs associated with using Gekko, you must be able to do and want to do a lot yourself. This requires knowledge and is therefore not convenient for everyone. Unfortunately, Gekko is only available via a desktop version and does not yet support the more well-known crypto exchanges.

How do I start with a crypto trading bot?

You can easily start with a crypto trading bot via Descrypted. Follow the next steps:

  • Create an account with an exchange. Use our comparator for this.
  • Choose a crypto trading bot from the list above.
  • Create an account with your chosen trading bot and start trading immediately!