Cryptocurrency is defining a new era of currency transactions.
More and more people are realising its potential and hence willing to trade consistently.
But it’s easier said than done.
Most people don’t understand the ergonomics of successful trades and have little to no idea in which exchanges they should invest.
To solve this problem, trading bots have come into play.
They not only provide an organised path for beginners but also offer powerful settings for the power-users.
In this article we’ll discuss 12 such bots that you can use in 2021.
Let’s get stared…
Automated trading bots
Pionex offers you 9 automated trading bots:
- GRID Bot: Grid bots are great when you need to generate profits from fluctuated markets. The process is simple. You need to set a range and the bot will ensure you’re buying low and selling high within the region.
- Infinity Grids Bot: This bot is helpful when you miss the tending profit when there is a price pump. Although it works exactly like the GRID Bot, you’re going to notice a relatively low portion of the funds.
- Leveraged Grid Bot: The Leveraged Grid Bot comes with a loan feature. This means you can earn more profit from your principal. There’s also some room for liquidation.
- Margin Grid Bot: This bot allows you to choose LONG and SHORT with the collateral not including the Grid Bot.
- Reverse Grid Bot: By using this bot, you can increase your quote amount. It will sell your Bitcoins at higher prices and repurchase them when low.
- Leveraged Reverse Grid Bot: This bot is a combination of the Reverse Grid Bot with a crypto-loan feature. You can also earn more using the leverage.
- DCA Bot: The Dollar-Cost Averaging bot comes with a feature that allows you set the period of your plan and the bot helps you to DCS.
- Trailing Take Profit Bot: You can use the TTP bot for scalping when there’s a volatility in the market.
- TWAP Bot: This bot helps you sell bags within a period.
0.05% trading fee
Pionex is a market maker by aggregating liquidity from Binance and Huobi exchanges.
This is the reason Pionex charges the lowest trading fee of 0.05% from its users.
Pionex has a mobile application with the best UX compared to its alternatives. It works smoothly without glitches and offers constant updates to stay at the top of the game.
BitUniverse team, which is an all-in-one crypto trading bot App in South Korea, Indonesia, and Taiwan, is behind the Pionex Bot.
This means Pionex is extremely safe and uses high-level encryption to regulate transactions.
Also, the U.S. FinCEN’s MSA Licence has granted Pionex to operate.
Tracking is critical to understand your growth.
This’s why Bitsgap helps its customers track their crypto portfolio.
You can track your holdings, ROI, open orders, history, and positions.
There’s also an option to filter your portfolio if you’re trading in over one crypto exchanges.
This feature optimises the pre-configured bots for a bull and a bear market.
Here, Bitsgap utilises machine learning to analyse historical data and takes actions to make maximum profits.
This means the risks are also reduced.
Terminal for Trading
Crypto-trading depends on several factors, including liquidity.
But keeping up with all the factors is tiring. This is where Bitsgap offers you the trading terminal. It is a single interface that allows to trade on multiple crypto-exchanges.
With the terminal, you get several trading tools like take profit, shadow orders, limit market and stop-loss to help you make the most of your market orders.
When using a trading bot, people get confused about the functionalities of various tools that the bot offers.
Bitsgap knows this and hence offers a feature called “The Demo” where customers can use all the tools on Bitsgap.
Bitsgap is brilliantly secure for trading because deposits are never really made on the platform.
This means Bitsgap has no method to access the fund of its customers.
Also, customers connect their accounts using API keys of the exchanges which are secured by a 2048-bit encryption.
Quadency offers several crypto trading bots to its customers in its pro plan. These bots are simple to use and allow you to code if you have a specific requirement.
- Grid trading bot: This bot uses the Grid strategy to make profits from the market’s volatility. It places multiple purchases and sets limit orders on grid lines around the current price. And with the fluctuation of price within the grid, orders are automatically replaced.
- Market maker bot: The Market maker bot places two simultaneous limit orders to buy low and sell high. It uses a strategy called market making to automatically place new orders when both orders are filled or stop-loss is triggered.
- Portfolio re-balancer: This bot does exactly as its name indicates: It diversifies your portfolio. Here you can allocate assets which the bot liquidates and purchases. You can even sell multiple assets into a single asset.
- TradingView Bot: This bot helps you execute your custom strategy by defining alert signals using Webhooks.
- Smart Order: This bot helps you place smart orders with fixed stop-loss and profit target. It monitors your stop-loss using hidden orders and stops automatically when the position is closed.
- MACD: With this bot, you can buy assets when the MACD line crosses above the signal line and sells it when below.
- Multi-level RSI: This bot helps you accumulate assets when it dips below defined RSI levels. You can even buy more when the price drops and sell when the stop loss level is reached.
- Mean Reversion: Mean Reversion buys an asset when the price is below the “oversold” RSI level and sells when above the “overbought” level.
- Accumulator: The accumulator bot accumulates an asset over time at a specific price.
Own crypto trading bot
Quadency allows you to build your bots by coding in Python language.
There’s an option to create event-based or cancel-based algorithms for multi-exchange strategy.
All in one dashboard
Quadency has an all-in-one dashboard to track your portfolio.
You can track linked exchanges, open orders, history, transfer and allocations.
Automation on Cryptohopper takes place through API integrations over several cryptocurrency exchanges and works on any device connected to the internet.
A crypto trading bot must support as many exchanges as possible.
Naturally, people trade with unique exchanges and hence require their bot to support all the exchanges available in the market.
Cryptohopper currently supports nine exchanges: Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex.
Cryptohopper has a remarkable dashboard that gives you access to their marketplace.
This allows you to set trading strategies for your bots. The marketplace helps both experts and beginners.
Experts can create templates and sell them, whereas the beginners can use “Plug & play” strategies created by experienced ones.
The customer support team of Cryptohopper is always available to help you solve your problems.
You can raise a support ticket in the support section or simply reach out to them via their official Twitter handle.
The support section also features a FAQ section to help customer find answers to general questions.
There’s even a video library to help users navigate the platform.
Cryptohopper offers several amazing tools to its customers.
You have the freedom to use features like back-testing tool, configurable and saveable templates, customisable technical indicators.
You can even rely on indicators like Stock, RSI, MACD and Bollinger Bands.
Which bot to invest in
Often beginners get confused on which bot to invest in. This’s might not seem an enormous problem except it is because investing in the wrong bot where risk vs reward doesn’t suit your need can incur massive loses. This is where Mudrex’s “Performance Score” comes into play. It is a number between 0 to 10.
The higher the performance score, the greater is the risk vs reward for a strategy.
Their bot listing page also displays crucial metrics like returns, days since live, and fees. You can even sort and filter the listed bots.
Pay when you make a profit
The marketplace is filled with services where you need to pay a fee, even when the bot you invest in ends up making a loss. With Mudrex, you get a guarantee of returns when you invest. Under this guarantee you only need to pay when the bot makes you a profit. If there’s a loss, you’ll get an automated refund of your fees.
Communities are like gold dust in trading services. Like it or not, there’s a possibility you’ll get stuck at some step or at least get confused about some features of the platform. This’s where Mudrex strives. It hosts an active community of traders and investors on Discord.
You can even reach out to their founding persons and the backend team for help. The founders also provide on-one demos to users, which you can avail by filling a short form.
Investor First Approach
What really makes Mudrex a solid trading service is the simplicity of the platform.
Investors face lots of issues and go through several troubles before they really get comfortable to invest.
Most people are hesitant about new platforms and often fail to understand the features. Mudrex understands this and hence puts lots of efforts to make its platform easy to use.
You get simple features like variety of payment options, API key-based integrations and no random fees.
Easy User Interface
Trading platforms if confusing can cause a lot of trouble for people who are just getting started. This’s why excellent trading platforms mainly focus on simplifying their UX for better understanding of the platform by their customers. 3commas shines in this segment. It has one of the most friendly UI/UX in the market.
You also get sliders and indicators to customise strategies without putting much effort.
3commas also allows you to copy strategies from seasoned users and has an active community of people to help new traders.
3commas offers several useful trading strategies that are easy to use and customise.
- Take Profit: This strategy is utilised when a predetermined percentage of gains has been realised. In simple words, if you purchase a cryptocurrency for a price and after some time the price has increased. Then the bot sells it immediately to lock the profits.
- Trailing Take Profit: Here the bot will take your profit at 10% of the highest point of the trend. For instance, if the price of the cryptocurrency you purchase keeps on increasing, the position won’t be liquidated until the trend reverses.
- Stop Loss: With this strategy you set a loss percentage, and when the percentage is crossed, the bot sells the asset. For instance, if you buy a currency for $50,000 and with a set loss percentage of 10%. So, when the price of the currency becomes $45,000, the bot will sell it.
- Trailing Stop Loss: Here, the order trail price at a particular price (or percentage) distance. If you set a trailing price at $5000 on the current price of $50,000. Now, the price rises to $50,500, in this case the sell order will be set to $45,500.
3commas supports the following exchanges: Bitmex, Bittrex, BitFinex, Binance, Bitstamp, KuCoin, Poloniex, HitBTC, Gate, Coinbase Pro, OKEX, Huobi, and Kraken.
Custom bots and Trade Bots
HaasOnline offers 15 custom bots across several trading strategies like scalping, adjust basic settings and interchanged exchange.
You can set up a scaling bot on a sideways market on FTX.
You also get a powerful trade bot to configure technical indicators that guarantee buy and sell signals on selected crypto pairs.
With this bot, you can create your order of templates and combine technical indicators with proprietary safeties and insurances.
“Testing makes perfect”. This phrase is critical for trading bots. There are tons of bots available, but not all of them suit every market condition you wish you enter.
This is where testing becomes important to ensure your trading bot is suitable for different market conditions.
HaasOnline allows you to choose from order book prices for testing strategies with up-to twelve months of historical data.
You can even choose from price reaches or price breached while paper trading with your wallet funds.
If you want to activate strategies on volume and buy signals with MACD, then HaasOnline has got you covered.
With its HaasScript, you can create complex trading algorithms for crypto exchanges.
You need not know any coding skills to execute this because HaasOnline offers a visual drag-and-drop designer.
You can even use the HaasScript to develop a hedge dollar-cost-averaging strategy.
Market Data and Exchange Integrations
HaasOnline has a dedicated cloud infrastructure where they utilise historical price data to get reliable market data from several sources.
It also maintains a high quality of product exchanges.
HaasOnline also drops support on exchanges that don’t stay true to their reputation, and you get to use features like HaasLabs, an indicator scanner, external portfolio management, etc.
Users’ privacy is important to HaasOnline.
It embeds intrusive analytics tracking and uses the Trade server to ensure no one (including them) can monitor activities between you and your integrated exchanges.
Code Editor aka Bot creator
When trading with a bot, you don’t want to get limited with the actions; you want the bot to perform. This is critical because the market is always changing and so should your strategies to tackle the shifts. Hence, a bot that can suit to market you invest in becomes crucial to your success. Unlike its alternatives, Trality provides you with a code editor for bot creation. You can code with python to write complex codes with top security. The Code Editor is also compatible with widely used libraries like NumPy, Pandas, Tulip, TAlib, etc.
Not only this, you can even use pre-defined bot templates to get started.
With Trality you get a Rule Builder, which is an interface for people who don’t know how to code.
It is a Drag and Drop tool where you can create bots using Boolean logic.
To help users get started, Trality also offers several pre-defined strategies for customisation.
Back-testing allows you to test your bot with various strategies to help customise it for different market conditions.
Trality’s Back-testing tools work smoothly and analyse tons of historical data to execute the process.
You can even store the back test history to switch back to original settings.
Trality has an all-in-one interface where you can create, back test, and develop bots. This is because Trality is cloud-based, which means you needn’t install it. This also means you can use it 24/7 for trading.
The more you experiment, the more sure you become of the strategies you want to apply in the market. Most people don’t understand this and end up applying pre-mature strategies and complain when they fail. Hence, before entering the market you need to test your strategies. Coinrule helps you do this with its crypto trading simulator. You can change the rules you set in to test whether they are making you more profits. Also, all the rules in the demo platform will run in paper trading in Binance. This means you are free to use all the coins available on Binance (10 BTC and 100 ETH).
With Coinrule you get tons of several pre-built strategy templates based on the plan you have purchased. These templates are a great way to get started with strategies and have built-in parameters for each strategy.
For example, you get templates like portfolio take profit and re-buy, buy the dips with stop loss, accumulate with a take profit, range trading, Golden Cross Trading, and RSI-based strategies.
Coinrule is ultra-secure and uses TLS 1.2 or higher to encrypt all the communication between the app, database, and cache nodes.
You get a dedicated private key, and they never store passwords.
The API keys also use advanced security protocol.
Coinrule provides you with a Help Centre that contains guides and videos to help you use the platform. As per customer support is concerned, Coinrule has live chat feature. You can mail them, and they even have a YouTube channel. Finally, you can contact them via Twitter.
Easy to use
TradeSanta is super easy to use.
Its interface has a user-friendly UI where all the settings, features, and strategies are brilliantly organised.
So, if you are a beginner, TradeSanta has got you covered.
In fact, users who know basic computer functions can fly with TradeSanta.
You also get a tutorial section carefully designed to serve every segment of users.
Strategies and Settings
With TradeSanta, you get a plethora of strategies and settings to choose from.
- There is a trade filter, a Volume filter and a Bollinger signal.
- Extra Orders: With this strategy you can easily purchase or sell cryptocurrency even when your market predictions fail.
- You also have several pre-defined templates at your disposal that let you select from different strategies. You can even tweak them and setup indicators based on your requirements.
- Long and Short Orders: These orders follow market trends and execute transactions based on preset strategies.
Again, all these features are easy to execute.
TradeSanta connects with exchanges through APIs. This means you have all the control. TradeSanta can’t deal with your transactions and withdrawals unless you allow them to.
They also implement a two-factor authentication (2FA) to protect your account where you need to verify yourself every time you try to log in from a unique device.
TradeSanta currently works with Binance, Bitfinex, Bittrex, and HitBTC. It also claims to add BitMEX, Huobi, and OKEX to its list in the future.
The customer support is reliable and works through online mode. You can be assured that they’ll solve your issues without delay.
Social Portfolio Management
With this feature, you can easily copy, discuss strategies with leading traders.
You can also automate their portfolios.
Shrimpy offers you with several features like rebalancing, dollar-cost averaging, and stop loss for portfolio automation.
This’s great because even if you’re just getting started, you’ll learn from the experts.
All you need to do is click on “Activate” on a leader’s portfolio and Shrimpy will start copying the strategies.
Suppose you don’t like any portfolios. What then? In such a case, Shrimpy gives you the liberty to discuss with leaders and access their assets.
Hence, Shrimpy is beginner friendly.
Portfolio Tracking & Automation
Shrimpy allows you to track your portfolio with its organised dashboard. Here, you can manage and track all the assets you own. The best part of the dashboard is the ability to switch across various exchanges to sell them.
Another useful feature of the dashboard is the option to spilt your exchanges into multiple portfolios.
This’s a great way to stay organised and automate your exchanges individually.
Shrimpy also maintains a History tab of the discrete events occurring on your portfolio.
These events give information about your overall strategy, rebalances, and trading events.
Shrimpy supports developer API product, which means you can build portfolio management applications, bots, and trackers.
The best part is you don’t have to write major codes to achieve this.
Shrimpy currently supports the following exchanges: Binance, KuCoin, Bittrex, Coinbase Pro, Binance US, Bittrex Global, Kraken, Poloniex, Gemini, Bibox, BitMart, Huobi Global, HitBTC, OKEx, Bitstamp, and Bitfinex.
Crypto trading bots
Botcrypto allows you to create crypto trading bots on the cloud. This means the bots will be available 24/7 for execution. There’s a feature called “TradingView” that shows you all the real-time actions performed by the bot. You can also use the TradingView to manage the bot and create manual orders.
Botcrypto also offers you the opportunity to configure notifications on a Discord server.
Back-testing is Uber important to any trading strategy.
Testing helps you to confirm the effectiveness of bot actions before implementing in the running market.
With Botcrypto, you can back test your bots using historical data.
They also have several pre-defined features to help you get started. You can configure strategy name, exchange, pair, and volume.
The test shows you metrics like trades executed, unrealised and realised profits, win rate, and average profit per trade.
You can reach out to them via the email: email@example.com.
Botcrypto has a live chat feature and Twitter accessibility.
They also have a YouTube channel that features tutorials and a Discord server of over 500 traders. So, if you ever face issues, you have plenty of options ready to serve you.
Botcrypto takes security seriously.
It uses API keys that are encrypted with state-of-the-art security-AES-256 to connect with exchanges.
They use an open source open-source analytics tool: Matomo to track analytics.
You also have the option to activate a two-factor authentication useful when logging in with multiple devices.
There you have it. These are the 12 best Crypto Trading Bots. Each platform offers unique features and settings to help every segment of customers. You simply can’t go wrong with these bots.