Jan 15, · There are many trading soft wares but the selection of the best bitcoin trading software is a difficult job as you have to do a lot of research to pick up the best bitcoin trading software. These automated trading soft wares are not developed by non-skill traders but they are the products of the professional traders who understand the trending. Top 16 Best Crypto Trading Bots in 1. Cryptohopper. Cryptohopper is a newcomer to the automatic trading scene but has been rapidly growing in popularity for several reasons. For one, 2. 3Commas. 3. Zignaly. 4. Napbots. 5. Gunbot. Aug 18, · Best Trading Software Providers in 1. eToro – Copy the Portfolio of Expert Traders. Our top-rated trading software provider is eToro's CopyTrader features. Although this isn't 2. The News Spy – Fully Automated Trading Software Platform. 3. AvaTrade – Mirror Trading Software.
Best trading software for bitcoinBest Crypto Trading Bots – Automated Crypto Profits!
How to find the best bitcoin trading software? This question, definitely, haunt the mind while picking a trading bot out of hundreds of soft wares. How to prevent from being looted by the hands of scammers? This is a crucial question as the safety of the funds must be the first step to move ahead with any crypto trading software. Before going to know about the best trading software, you must know about the potential of Bitcoin and how Bitcoin trading has changed the international business outlook.
Thirdly, we will probe together how automated trading is helping out the beginners and non-traders in Bitcoin trading.
His statement is the mirror of the current situation as Bitcoin has changed the online transaction system and revolutionized the cross-border payments system. The transaction by traditional banks was taking days and hours to carry out but with the coming of Bitcoin, it takes few seconds for a transaction, even, sending or receiving is happening between two people belonging to the opposite ends of the planet.
The eye-opening performance of the magical digital gold that left behind the gold far away, now, becomes the shining star for the investors of the world. Its decentralized power has outshined the traditional banking trend as it removed the role of the third party at all. Bitcoin Trading is a revenue generated instrument for traders and investors across the world. People who invested in Bitcoin, when its value was very low, are now wealthiest ones in the world. No asset will ever reach to such an unprecedented level.
People are now getting profit from Bitcoin Trading in thousands of dollars. Some traders make trades throughout the day and go for short term behavior of the coin. Investors invest their money by keeping an eye on the long-term trend. Like traditional stock exchange sites or Forex exchanges, there are many brokers running for the cryptocurrencies including bitcoin. On a daily basis, the trading volume touched numbers in billions.
These brokers have, now, become the international marketplaces for digital currencies. Since the inception of Bitcoin in , there are many other digital currencies that have developed based on blockchain technology same as Bitcoin. Brokers are offering trading for various cryptocurrencies such as Bitcoin, Ethereum, Ripple and many others.
Crypto exchanges have many benefits but they also have some limitations or requirements. They deduct charges on the trades that traders made by exploiting the services of these brokers. In trading from crypto trading sites, one must have to get the necessary guidelines for these sites. The verification process for getting a membership is also very regulated and time-taking.
These sites offer tools and graphs to know about the trend of the price value. And one who is a new baby in the crypto playground cannot comprehend at once but he will have to get the experience or training. If he has incomplete knowledge about Bitcoin trading, he will definitely lose his assets. You are already familiar with manual trading. I have talked about manual trading earlier in detail.
Since you are reading this, it is safe to say that you too have jumped on the bandwagon. The problem is, you are new to this and do not possess the skills to analyze the cryptocurrency trading charts efficiently to make some good money — the kind gurus are bragging about.
But before you give up, there is a solution to your problem. As you go through your learning curve, you still can make money from cryptocurrency trading using bitcoin trading robots. Now, a trading bot is basically a piece of software that has been designed to analyze the cryptocurrency market trading data. Once you acquire one, you are required to customize it to your preferences. Afterward, the software will analyze the market on your behalf and will trade automatically.
In this piece, we go through some of the best Bitcoin Trading bots available. But before we start on that, here is a breakdown of the criteria we used to come up with the list presented. With the many day trading Bitcoin trading bots available, it can be a daunting task for a newbie in the industry to pick the best crypto trading bot there is.
As such, it is important that you are aware of some of the factors you need to consider while choosing one. This is at the very top of the list because as with every online business, trust is a key element of success.
The trading bot should be a company that can be trusted. As such, the review list contains companies that provide advanced tried and tested trading bots strategies.
Most of the companies on the list have been in the industry for quite a long time and have a trail of satisfied clients who speak highly of their expertise and level of service. It would be unfortunate if you were to get involved with a company that is shady.
You are ready to invest your hard earned money in the Bitcoin trading venture, but this does not mean that you are willing to throw away your money with no return. Getting conned is not a risk you are willing to take. The companies listed in the review section provide you with intricate details of how they run their business. They provide you with the opportunity to fast forward your learning curve about trading strategies and Bitcoin bots before you subscribe to their services.
Additionally, some even offer free trials. The free trials allow you to try their services before spending a dime of your hard-earned money. In addition to transparency and reliability, you should also be keen on the profitability of the company. It is pointless for a company to be trustworthy but not provide you with the maximum possible returns.
The whole venture will not be worth your while. Sure the Bitcoin market is volatile though it has increased its stability in the past few years but rather than shy away from the investment opportunity altogether; you should get in business with a company that has some of the best strategies and bitcoin trading robots.
To determine the overall experience, we went a step further and investigated the extra features each of the platforms offers and included the strategies provided by the various companies and customizable bots. It is a good trading strategy is imperative.
But also important is that these strategies are applied to the right platform. Now truth be told, programming experts and IT gurus are not the only individuals interested in Bitcoin trading. As such, if you are not highly skilled in IT, you will want a Bitcoin trading bot that is easy to use and that will make life easier. All of the companies listed have trading bots that are a breeze to use. They are suitable for newbies to Bitcoin trading and also the experienced in the same.
Bitcoin is a rather secure cryptocurrency. But this does not stop people from trying to conduct creative and tech-powered steals. As such, you need to consider the security of the trading bot before using it.
The companies we review have high levels of security. Cryptohopper is a newcomer to the automatic trading scene but has been rapidly growing in popularity for several reasons. Their bot is also very easy to pick up for new users, due to the fact that they are the only trading bot to embed external signalers, allowing inexperienced traders to let their bot trade on autopilot under the expertise of these signalers.
Traders with more experience can also take a manual approach, by configuring sales based on multiple technical indicators. Next, to this, Cryptohopper offers to backtest, trailing stop loss including features to let your bot only sell with profit , ability to trade using multiple exchanges and generally pleasant user interface. Most of the crypto trading bots are capable of doing what you configured them to do.
However, in a market as volatile as the crypto market, one needs to be ready to adapt to the sudden change in market conditions. This is where one would need a smart trading bot like the 3Commas trading bot. You might think that no trading bot can be smart enough to adapt to the changing market conditions.
However, the 3Commas bot comes with a unique feature called the trailing loss and trailing profit. When using any other trading bot, you would be able to set stop losses to avoid the overall loss and take profit to secure the profit that you made. However, if the coin goes on to perform better after the bot sold your position, there is no going back. The trailing feature offered by the 3Commas bot helps to achieve exactly that.
The bot will analyze the market conditions and will make sure to sell your coins at the right time. Thus, ensuring the maximum return of your investment.
This feature that allows the bot to act quickly to the changing market conditions makes the bot special. Apart from this, the 3Commas bot provides all the features that you can see on a normal trading bot such as stop loss, take profit, automatic trade, etc. The bot is hosted online which makes it available always. You can access the bot from any internet connected device by visiting your account on the website. The bot can be paired with 13 of the most popular crypto exchanges including Binance, Kucoin, Bittrex, etc.
Given the current bearish trend in the crypto market, it has become very hard you anyone to make money. So, why not give the 3Commas bot a try and see how it can help you generate income even in a bear market. Although the cryptocurrency trading bots are still in its initial stages of development, there is a free beta version of the trading bots available for use. Even though it is quite new in the market, people have readily opted for the Zignaly bot.
The completed version will be available to the users for a chargeable fee. One amazing thing about the Zignaly trading bot is that it can be integrated seamlessly with TradingView. Thus, the Zignaly bot can be used to execute the various trading strategies directly on Binance.
While the current support for the exchange on the beta version lies only with Binance, there are plans to include other exchanges in the near future. There are some unique features which have been integrated into the trading bot by the developers. These include no limit on the pairs that you can operate on and an option to edit the positions as and when you choose. These have made trading quite a lot easier since there is no need to upgrade to any Pro version to enjoy the features such as the ones mentioned above.
The Zignaly bot also prides itself on transparency. On the official website for the Zignaly cryptocurrency trading bot, there is detailed information about the founders and the rest of the team along with their various social media profiles so that the users can connect with them directly. The aim of the developing team is to provide the users around the world with a trading bot that is available on all major exchanges.
The developers have created a user-friendly ecosystem on the bot, offering quite a lot of features in the beta versions and bringing a lot more in the complete version.
They offer algorithmic crypto trading bots supported on the major Cryptocurrency exchanges like Binance, Bitmex, Kraken, Bitfinex, Bitstamp, Okex, Bitpanda and so on. The bot has a super user-friendly interface, and our users love this simplicity. This makes it easy for beginners to get started.
You will be able to pilot your trading bot from your smartphone and change your budget allocation in total freedom. For high-frequency trading, they have developed hourly strategies that are very promising, during the recent crash has responded incredibly.
More importantly, your money never leaves your wallet. It cannot be safer than this! You just need to connect the bot via API giving permission to trade on exchanges. This new-age trading bot is definitely worth a try for both savvy and new crypto traders. Most of its users think that the BB strategy is the best and will rake in huge profits for them.
This trading bot, however, comes with 3 package plans that vary in price. The prices range from between 0. Gunbot is on several cryptocurrency exchanges including Poloniex, Kraken, Bittrex, and Cryptopia. When using this trading bot, you are advised to pay keen attention to your trade. Well, the trading bot is configured to deal with the volatility in the market. In case of the volatility spikes, you should turn it off.
Gekko will always be among the top of the list. It is by far the most popular — probably because it is a free Bitcoin trading bot. It can be downloaded from the GitHub platform relax, you do not need to be a tech guru to navigate this platform.
But if you need some help, there are numerous YouTube videos to show you how to go about it. Gekko is an open source piece of software that is constantly being improved upon by talented developers all around the world. This trading bot is supported by most cryptocurrency exchanges including Bitstamp, Poloniex, and Bitfinex.
Gekko is easy to use, fully automated an straightforward. For newbies in the bitcoin industry, learning the ins and outs of this trading bot will be the least of your worries.
The software comes equipped with essential trading features. These features include a web interface that is designed to monitor your trading strategies and data. Also, the bot can run on some backtested data and help you visualize the trade results. The bot is designed to run on most major operating systems including MacOs, Linux, and Windows.
The bot can also keep you updated through telegram, email and other social platforms. However, you should bear in mind that Gekko is not a high-frequency trading bot and as such, it does not execute the so-called arbitrage trades.
This is yet another free bitcoin trading bot. Like Gekko, it is an open source bot. Zenbot has been created using artificial intelligence. As such, unlike Gekko, it can exploit the arbitrage opportunities and execute the high-frequency trades. Additionally and this is a huge plus for this trading bot , the software can perform multiple cryptocurrency trades at the same time. The developers of this trading bot maintain that they still are working to improve on the bot and in future, it will be supported on all exchanges available.
This is a trading bot that was created by HaasOnline back in the beginning of It not only trades Bitcoin but altcoins as well on the various exchanges. While this trading bot is designed to analyze the market information on your behalf, it requires some input to act upon regarding the trade execution. The bot is customizable and comes equipped with some technical indicator tools. To get the best results, all who decide to use Haasbot should be fully committed to the course.
This trading bot costs about 0. This is by far one of the most popular Bitcoin trading bots among traders. It is for the most part cloud-based which means that it does not require installation on a physical computer and can be modified by its user for ample and rewarding results.
Algorithmic trading modifications can be made to the bot in a few minutes. The modifications are simple to make, and any newbie with a little guidance can hack the process.
It is worth pointing out that the Crypto Trader comes with a strategy market feature. This feature allows you to trade strategies with other traders. Another cool feature includes a backtesting tool which enables users to test the trading strategies against the backtested data as well as the prevailing market conditions.