Gekko can be considered as one of the most versatile Bitcoin trading bots you can find in the trading bot industry. It is an open-source trading bot that is available to the public for free and can be found on the GitHub platform. Gekko is free of almost all bugs and is being improved constantly by developers. 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. The Haasbot automated trading solution is one of the more popular Bitcoin trading bots available, and removes a significant amount of legwork from the trading process. Haasbot, like most of the other bots on this list, integrates with all major exchanges and offers the unique benefit of candlestick pattern recognition capabilities.
Best trading bots bitcoinBest Bitcoin Trading Bots The only guide you need to read
That machine became the first CryptoHopper. Eventually, the two decided to create a platform dedicated to implementing those trading strategies. That platform is CryptoHopper. CryptoHopper is a crypto trading platform that aims to bring transparency and quality to an industry that sorely needs it. Or, copy the trades made by advanced traders. You can setup your CryptoHopper account to connect with accounts on a dozen major exchanges. Then, you can implement advanced trades and trading strategies across all of those accounts simultaneously.
A free 7 day trial of CryptoHopper is available to all new customers. Visit CryptoHopper online today to learn more. Similar to other crypto trading platform websites, which promise enormous returns with minimal risk, Pro Crypto Bots seems to make grandiose statements about its effectiveness, saying things like the following:. Pro Crypto Bots seems to attempt to dazzle users with stories of users earning enormous returns by implementing their trading strategies. Many other crypto trading platforms promise huge profits with minimal risk.
Does Pro Crypto Bots actually deliver? Or is this yet another over-hyped crypto trading robot platform with few real results? Keep reading to find out how Pro Crypto Bots works.
Using these basic strategies, you can enjoy easy profits with minimal risk — at least according to the Pro Crypto Bots team. Both bots use bitcoin as collateral, with profits paid in bitcoin as well. All trades take place through Bitmex or Deribit. Instead, the platform only works with Bitmex or Deribit, both of which are known for offering bitcoin futures contracts — including perpetual futures.
All you need to get started is your own Bitmex or Deribit account and some bitcoin. Pro Crypto Bots recommends you have a minimum of 0. Easy Setup: Pro Crypto Bots is surprisingly easy to setup. The developers have taken steps to make installation as painless as possible. After you make your first subscription payment, Pro Crypto Bots can be setup in minutes. Additionally, Pro Crypto Bots claims that it will never ask for your identity and never share your info with anyone.
That means you can grow your account with Pro Crypto Bots even if prices go down. Both bots use bitcoin as collateral, with all profits paid in bitcoin.
Pro Crypto Bots also offers a free day trial. However, you need to authorize a PayPal payment in order to begin your free trial. If you cancel your subscription before the day trial period, then your PayPal will not be charged. Pro Crypto Bots is not available to U. The website, ProCryptoBots. The domain is registered under Tucows, a Toronto-based domain name registration service.
That company also has limited information about itself available online, however. Pro Crypto Bots is also connected to an anonymous user named Fibonacci30, who has developed various Fibonacci trading bots online. Pro Crypto Bots is a cryptocurrency trading platform that offers two different crypto trading algorithms developed by Fibonacci Gekko is a unique trading bot in that it is completely open source and can be found on Github.
The Gekko solution supports 18 different exchanges, including Poloniex and Bitfinex , and offers an adaptable plugin system that integrates with solutions such as IRC, Telegram, and email platforms. While the Gekko bot is not a high-frequency trading bot nor able to exploit arbitrage opportunities, it is a highly trustworthy Swiss army knife equivalent for traders that value simple automation and optimization.
Users can use this bot for executing some basic trading strategies, and they even have access to some pretty useful features. These include viewing prices of coins in real time, executing live orders, simulating markets, calculating indicators , and alike. Compared to our previous entries, its functionality is somewhat limited. Still, the bot continues to be useful, and it's also completely free. Gunbot is one of the most popular automated bitcoin trading systems on the internet today. Gunbot has a pretty wide range of different specifications and settings that are useful to professionals and novices alike.
Gunbot, for example, is one of the few cryptocurrency trading tools on this list that allows you to make custom strategies. You can create your own custom trading techniques and allow the bot to execute them, for example.
Gunbot also has strong exchange support, allowing users to connect with virtually all popular exchanges. Another advantage of Gunbot is its community. As one of the more popular automated bitcoin traders in the space, Gunbot is used by thousands of people every day.
There are active communities on Reddit and other forums. The Starter Edition, priced at 0. You can add Cryptosight bot monitoring and Gunbot backtesting to your account for 0. The Pro Edition, priced at 0. You also get backtesting and cryptosight with this plan.
Meanwhile, the Ultimate Edition, priced at 0. Users can access backtesting, cryptosight, TradingView , and more. Your purchase of Gunbot includes a lifelong license.
In exchange for the one-time fee, your software will be upgraded for life. Best of all, you can buy a lifetime license for a price ranging between 0. Another nice thing about Gunbot is that it can successfully execute conservative trading strategies. Many users deposit a small amount of money into an account, let Gunbot run that account conservatively, and come back to find safe, attainable gains. Over 6, traders use Gunbot every day. Cryptotrader is a little known but highly scalable cloud-based automated trading bot that makes it possible for traders to build their own customized trading bot solution in minutes.
Cryptotrader supports all of the major cryptocurrency exchanges, including Bitfinex, BitStamp , Poloniex, Coinbase , Kraken , and Bittrex, and provides backtesting trading strategies that allow traders to test how their strategy would work in different historical trading conditions. One of the most unique features of the Cryptotrader platform is a strategies marketplace that allows users to buy and sell successful trading strategies.
Because CryptoTrader is based on the cloud, it allows users to go a step further and create their own bots. The platform's software works with numerous exchanges, but also with many different currencies. Not only that, but the platform also provides an entire marketplace for users to sell trading strategies of their own making.
The price of this bot can be paid in Bitcoin, and it costs anywhere from 0. The platform also accepts Litecoin. BTC Robot was one of the first commercially available Bitcoin trading bots, and is a self-described automated trading tool that promises to deliver guaranteed profits.
The BTC Robot platform offers a significant amount of evidence to support these promises, and claims to work by constantly analyzing all of the prices in every Bitcoin exchange marketplace in real time in order to exploit market gaps.
The BTC Robot is relatively simple to set up and is user-friendly, but is the subject of debate in the Bitcoin community. Some BTC Robot users have experienced modest profits, while others have found it difficult to get it working properly, or generate a significant ROI.
Zenbot is another open source anonymous crypto trading bot that provides traders with the ability to download the code for the bot and edit it themselves via Github.
The Zenbot solution is currently under active development, and is currently in the third iteration of release. It is completely free, and anyone with the proper knowledge can modify its code to suit their own purpose. Zenbot is one of the only autonomous trading solutions that is capable of high-frequency trading, and supports the trading of multiple assets at the same time. According to information presented on the Zenbot 3 GithHub page, Zenbot 3.
The bot works with a lot of cryptos and can execute multiple trading strategies based on a technical analysis. It has a wide variety of features, but it is recommended not to use it for trading large amounts.
The Coinbot. If someone asks you to join Coinbot. You can get up-to-date information about hard forks, airdrops , ICOs, and more. The Social Analyzer is surprisingly customizable: you can choose which keywords you want to see within the program. Plus, Coinbot. The arbitration bot checks for arbitrage opportunities across cryptocurrency exchanges. Obviously, there are other arbitration bots that work in a similar way, but Coinbot. You can also set your desired volume to allow for arbitration.
You can tell the bot to take the five best orders from the book, for example. One final bonus module available with Coinbot. Similar to other Telegram assistants, this tool lets you make trades and execute commands over a familiar chat interface.
We also like that Coinbot. The main restriction with the trial is that your total trading volume cannot exceed 0. If you want to get a feel for the software, however, and make a few test trades, then the trial is very helpful. Overall, Coinbot.
Typically, this is one of the least transparent industries on the internet. Leonardo was one of the more popular automated crypto trading bots in In late , however, leonArdo disappeared from the internet after the shutdown of crypto exchange BTC-E.
Today, leonArdo is no more. Instead, the protocol has been purchased by Margin, found online at Margin. Today, the platform emphasizes clean layouts, effective bots, and strong security.
When leonArdo first launched, it was seen as a premium robot because it was priced at 0. Since being acquired by Margin. Other, less reputable automated bitcoin trading software providers only accept crypto.
Your purchase of Margin. The Ping Pong Strategy is straightforward. You set a buy price and a sell price, then allow the bot to do the rest. The Margin Maker strategy, meanwhile, is more advanced.
You can buy and sell based on price action, and the bot will adjust depending on the direction of the market. Another nice thing about Margin. Some of the other bitcoin trading bots listed on this page can be rough around the edges, packaged into a clunky UI or a basic interface. Other benefits of Margin. Full team information is listed online for all team members, including links to social media profiles, LinkedIn profiles, and more.
Overall, Margin. It offers full transparency, a convenient trading interface, and a surprising range of options at a competitive price.
Next, we have Auton. It is also easy to install and can be useful to amateurs and professionals alike. It uses a number of technical indicators to notify its user of the current situation. Through trade signals, its user knows exactly when to use it for automatically executed trading. Autonio is marketed to both retail and professional traders. All traders can access pre-determined technical indicators to create trading signals that can be automatically executed.
The platform revolves around the use of NIO tokens. You can download Autonio version 1. As of October , Autonio has 3, active daily users and has been growing steadily throughout the year. Zignaly is a relatively new bitcoin trading bot system. The beta version of Zignaly version 0. Zignaly can be integrated with TradingView and allows users to execute trading strategies directly via its API on Binance. Currently, the beta version only supports Binance, but developers plan to add more crypto exchanges as Zignaly gets closer to release.
Zignaly also lets you edit positions, including editing your close values like stop loss or trailing. Watch for Zignaly to continue impressing crypto traders as it gets closer to a full release. ProfitTrailer is a crypto trading bot that automatically makes trades 24 hours a day, 7 days a week using multiple trading strategies.
ProfitTrailer, found online at ProfitTrailer. What makes ProfitTrailer different? One of the unique things about ProfitTrailer is that it comes with multiple buy and sell strategies. As with other crypto trading bots, ProfitTrailer focuses on impressing users with profit.
You download the software, then use it on any internet-connected device. Your ProfitTrailer subscription gives you access to all supported exchanges. You do not need to buy additional licenses for new exchanges. ProfitTrailer also allows users to buy a virtual private server VPS with their subscription plans.
Another nice thing about ProfitTrailer is that there do not appear to be any additional fees: certain other automated crypto trading bots charge monthly fees and additional trading fees. We also appreciate that ProfitTrailer has a wiki. The ProfitTrailer wiki is packed with a surprising amount of information about the software and how to use it.
Most reviews online, meanwhile, seem to indicate a positive experience with customer support as well. Trade Hundreds of Cryptos: ProfitTrailer allows you to trade any crypto or fiat pairs listed by supported exchanges.
Hundreds of pairs are available for trading through ProfitTrailer. Easy Dashboard: ProfitTrailer lets users monitor everything via the dashboard, which gives you a complete overview of your trading activity and bot movements.
Possible Buys: Get alerts about upcoming buys scheduled by your trading bot, then adjust those buys using the config settings. Portfolio Overview: Get an overview of all your purchased coins, including coins that the bot is preparing to sell.
Config: Switch between settings and choose whether you want a basic or advanced editor. Get full control of ProfitTrailer by arranging configuration settings. Beginner Strategies: Not sure what any of the above acronyms mean? ProfitTrailer also has 10 pre-defined strategies based on your risk appetite.
Wiki and Tutorials: ProfitTrailer has a surprisingly large Wiki and hours of video guides. A total of 50 online video tutorials explain everything from the basics of crypto trading to advanced buy and sell strategies. PT Notifications and Tracker: Get instant trade notifications on your Discord or Telegram, including automated buy and sell signals and notifications when your bot has made a trade.
Flexible Subscriptions: ProfitTrailer offers annual subscriptions at a competitive price. You can also buy 1 month, 3 month, or 6 month subscriptions. There are even lifetime subscriptions available. Subscription plans include all of the following:. ProfitTrailer was incorporated on September 8, Today, the company claims to have 3, users worldwide. The company has a Curacao Chamber of Commerce number of ProfitTrailer is an automated crypto trading bot build by a Netherlands-based team of developers.
The bot offers similar features to other crypto trading bots, making trades for users 24 hours a day, 7 days a week. You can setup customized trading strategies and choose from 20 different options. Or, you can choose a pre-configured trading bot to make trades on your behalf.
Everything is managed through a simple, easy-to-understand interface. We also appreciate the transparent pricing: ProfitTrailer charges a monthly fee, but there are no additional trading fees aside from the normal fees charged by exchanges.
For all of these reasons, ProfitTrailer is one of the leading crypto trading software programs available today. We will have an updated review of Shrimpy — for now you can read our research to-date. We will have an updated review of Hodlbot — for now you can read our research todate.
Tradewave is a complex solution that is not technically a standalone trading bot according to the literal definition of the term. Functioning as a platform that allows traders to create automated trading strategies.
The Tradewave platform can connect to most of the largest exchanges, and also provides users with the ability to share successful trading strategies with each other. As you can see above, with 18 of the top bitcoin bot systems to choose from, going i nside cryptocurrency's new warfare on the bitcoin trading battlefront can be daunting.
When you start to ask yourself how well manual human activity can stack up against AI-powered around the clock trading executions by automated robot algorithms, you can see how one may outlast and sustain profitable earnings if done properly. Trading bots are essentially special programs that are using complex indicators to analyze the condition of the market, predict its next move, and execute trades.
Software like this has been used for a while now, but traditionally bots were used by private investors and only recently have bitcoin-focused trading systems start to become available for the everyday investor. To be even more specific, these bots can be algorithmically-programmed so as to suit the needs and requirements of its owners.
Not only that, many new bots also have the ability to factor in social media indicators so as to provide users with the best investment opportunities at any given time. From a purely technical standpoint, automated trading platforms are much more efficient than human solutions since they are able to factor in niche data such as:.
In a similar vein, merchants too can profit from their use since they are required to be aware of the market hours a day so as to protect their hard-earned assets.
Depending on the investors' strategy you can end up making money or also lose out. Crypto trading can also cause a lot of emotions, and often this interferes with the profitability of the selling.
Impulsive buying is an example of how emotions can push one to have greed for fear of missing out on investing in a token. We already mentioned that the crypto market runs non-stop and for a trader its impossible to keep up with the repetitive trading, price checking, and trade confirmations. With a bot can do all that working under instructions from the user to find the best trades and when to execute. Despite the high side, sadly cryptocurrency bots have disadvantages that can make you shun them.
There are quite some cryptocurrency bots and finding the right option may seem next to impossible. In additions, the market is also infiltrated with potential scams acting as crypto trading bots.
You might also want to consider fees or usage costs. Despite the existence of free bots like Gekko and Gimmer , they may not offer the level of sophistication that comes with the subscription-based bot software such as Haasbot. There is also the need to keep updating the bot instruction to be in tandem with the ever-changing crypto market. The continuous updating and maintenance could end up becoming a tedious task for the trader at the end of the day. You also have to recognize that trading bots do not factor in the fundamental analysis , insider knowledge, breaking news and other myriads of factors influencing the cryptocurrency markets.
That means that the strategies such as Arbitrage could end becoming less profitable. In an ideal world, you may want to consider using bots that combine the automatic system with human expertise.
For example, eToro offers the CopyTrader tool that lets you copy exact trades that other traders make. It is more of a trading bot working with the help of a human trader. Even so, they continue to evolve at all times, and their functionality and sophistication are constantly increasing.
New ones are appearing all the time, and there are dozens of them on the market right now, waiting to be used. They can be free, or subscription-based. Such bots can even be quite expensive and are often used by professional traders. Still, they are all usable, and can even be quite profitable.
While there are numerous benefits of using trading bots, users should remember that there are some serious second-thought risks involved as well.
After all, you are giving the control over your money to a third party. Trading bots are still a new technology that has yet to develop. Not only that, but they work with cryptos, which are only a few years older tech than the bots themselves. One of the biggest risks involves flawed software.
Not all of the bots are of equal quality, and bad coding can make a lot of damage. If you decide to trade large amounts through the bot, the risks are that much bigger. Of course, flawed software is not a purposeful defect, but it can cost you a lot of you use a bot that has it. There are also Flash crashes that you should watch out for, as you can experience quite heavy losses if you fail to set stop-loss limits.
Flash crashes can be quite often, and it is highly advisable to be on a lookout for such occurrences. Finally, we should not forget about scams. Scammers are a curious breed, and they evolve with technology and market.
As soon as trading bots emerged, scammers figured out how to use them to their advantage. They started creating fake trading bots that the traders would start using, give them their money, never to see it again. Even more, it is increasingly becoming a live laboratory procedure for trading at a higher frequency, as well as an area for the advancement for trading bots.
While there has been a vast number of trading bots and algos used by Wall Street companies for conventional trading disciplines, cryptocurrency markets are now seen as a new trading platform for exploring new methods and employing some marketing strategies.
This has been confirmed by Forbes which reported that the development of tools or trading software and decentralized exchanges will herald a new era of automated trading bots. While companies are increasingly working on different software for crypto trading, it is still a sector that guarantees lots of improvements which will be revealed by the continuous expansion that artificial intelligence provides.
While the future of exchanges and blockchain tech is still not really clear, it is becoming increasingly obvious that artificial intelligence will play a large role in the near future. Professional traders and institutional investors will need them to help curtail the risks while executing high volume trades in a semi-automated or hands free way.
Trading bots effectively help with minimizing trading limitations and makes it easy for retail investors, to efficiently use simpler tech applications through a well secured process. 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.
This was among the very first Bitcoin trading bots in the industry. It is among the pioneer trading bots. The bot can be downloaded on the major operating systems but comes at varying prices for each platform. The trading bot has proved easy to install as well as use. However, some individuals have gone on record to state that there are some technical bits that prove challenging to grasp. Nonetheless, most have managed to make substantial profits. The BTC Robot features a trial period with a day refund policy — how cool is that?
Its developers are constantly making changes to the trading bot, and you should expect it to be supported by multiple other exchanges as well in the future. This bot comes with two trading strategies including Margin Maker and Ping Pong. So far, Leonardo is the best-looking trading bot regarding design and graphics. It also is fully customizable. Initially, the bot cost about 0.
When we are talking about trading bots, there are only a few which can claim to have been built on a decentralized platform like the various digital assets that they trade in. The developers of Autonio have made sure that the trading bot is one of the few to make it to the list.
The entire infrastructure is built on a decentralized platform, meaning that there is no single entity that controls all of its operations. The users are free to check the transparency of the program and no institute can be held accountable for its failures. The users of the Ethereum blockchain will have a hassle free and smooth experience as well.
Marketed both to the retail and the professional traders, the Autonio cryptocurrency trading bot has built-in features for the creation of the various trading signals that are based on the in-built trading strategies. There is a complete access to the technical indicators and the traders can make the most out of them through the Autonio trading bot.
There is an Autonio marketplace, where the users can see the other users sharing various trading strategies and algorithms that have helped them make profits.
If you are not familiar with the process of setting up your own algorithm using the bot, you can choose one from the marketplace and start your trading right from day one. There is an in-house token by the name of NIO which is used by the Autonio trading bot. This token is based on the Ethereum blockchain and uses the ERC algorithm. This token can be purchased from all the major exchanges like Bittrex and Ethfinex. The entire Autonio platform revolves around the utility of the NIO tokens and they can be utilized just like any other token for a decentralized app.
The Autonio trading bot is not free. It does come at a moderate set price. Built on an open source code, the CoinBot cryptocurrency trading bot is a rental service that helps the traders execute daily trades automatically. There is a complete description of the algorithms that are used in the bot on the official website along with a link to the Github page of the bot. CoinBot has a number of features which is why it one of the most widely used trading bots. It has a multi-tier commission program that makes it one of the most lucrative rental services in the world.
There is a referral program as well, meaning that the users who spread the word about the bot get a personalized link and anyone joining in through their link will provide them with an opportunity to gain some kickbacks. The entire platform is based out of a cloud, meaning that the users will not have to install the program on any device. Transparency has been given a lot of importance as well.
The complete information about the team, program, and the entire project is given on the official website of the project, leaving no doubts in the minds of the people using the bot. The code of the program can be tweaked to provide higher returns through the open source code that is available on the Github page.
There is a diversification in the types of the bots that are available on the website, with aggressive, balanced, and conservative trading strategies. There is an option to purchase additional services through the rental program. Users have paid extra just to gain the three additional features which include the Telegram Assistant, Arbitration bot, and the Social Analyzer. Each of these three add-on services have their own uses and it is quite worth the extra money to get them.
It helps the users know when it is time to make a decision for the cancellation of a trade. The cryptocurrency market is subject to high volatilities which makes it difficult to predict the right time to invest. Launched in by a team comprising of Luca Benevelo, Philippe Longere, and Paul Collorafi, it consists of some of the most advanced features for creating your trading strategy which can be used by people without any prior programming experience.
The platform will provide you with simple and powerful tools that will enhance your creativity. A very flexible editor, Infinite possibilities!
Drag and drop condition or indicator blocks, connect them and create basic or advanced automated strategies. All this can be created without any line of code! As the platform evolves, new functionalities will be added, such as risk analysis tools and new blocks, some of which are based on Artificial Intelligence such as Sentiment Analysis and trend prediction by Deep Learning.
You can test your strategies on the entire history of cryptocurrencies up to 4 years with 1min candles and improve them with a few clicks. The marketplace connects the creators and users of the platform. Simply select the strategy that suits you based on the pair you want to trade on and let it do the work for you! When the BTC-E exchange was shut down in , one of the most popular crypto trading bots disappeared from the internet. This was the leonArdo trading bot. It was, however, replaced by the Margin cryptocurrency trading bot, giving the users the continuation that they required from the interface which they were already using so comfortably.
Margin had took over the leonArdo trading bot, adding in more features of its own to give an overall better cryptocurrency trading bot to the users.
The layout has been cleaned, and even more effective trading strategies have been added into the ecosystem with a stronger security to protect the finances of the users. In the beginning, the leonArdo trading bot was considered one of the most premium trading bots since it was priced at 0.
However, ever since the bot was acquired by Margin, the price has dropped and the users could not have been happier. If you want to hold in more amount then you have to upgrade the plan to a higher priced package.
There are online tutorials which are included in each plan. This helps the users understand the ways in which the different strategies work and how they will be useful in helping them earn profits.
This is one of the best performing bots out there. Crypto World Evolution has proven itself to be one of the best designed and most profitable bots in the world. The plan for the bot is marketed through the Multi-Level Marketing, meaning that there is an additional financial aspect to the bot other than its automatic trading value. However, it is not necessary for users to market it in the world to be able to use it. Instead, there is an API access built into the bot that helps it gain access to the money that is held within the accounts of the exchanges.
There is an option for the bot to withdraw the money on its own. This feature can be turned off by denying it access to the cryptocurrencies that are held within your accounts. When used with the API of Binance, there is an option to select the pairing of the cryptocurrencies using all the altcoins on the exchange.
Other than Binance, there is support for Bittrex, Okex, and Hitbtc too. The bot trades with Bitcoins. Thus, you will have to add the fund in BTC to your accounts. However, after that you can select the coins with which you want the bot to trade in. You can select up to 15 altcoins that the bot will be able to handle quite easily. You will have complete control over the number of trades that the bot can execute simultaneously. You can either sell the trade manually, or set a base after which the bot will sell the trade automatically.
The past records have shown that there are times when the bot can close quite a lot of trades within a day and then there are others when there is not even a single rade that is done on the same day. This is because the market is too volatile and the algorithm is coded to provide you with maximum profits. This particular trading bot is originally designed for Forex trading. However, it does offer some BTC packages. As a user, you do not have control over the bot, but you still get to profit off of it.
We do not recommend this platform as it seems to be a typical Ponzi scheme. We included this in the list only to make people aware of this and advise you to stay away from this. Cryptocurrency is the thing right now and will be for the foreseeable future.
Bitcoin trading can be done by literally anyone who has got the interest. It might be confusing for newbies at first, but they soon get the grasp of things. Given the presence of many trading bots, it is imperative that you do your due diligence.
Do your research and read reviews to ensure you are dealing with a reliable and trustworthy trading bot and company. Zenbot and Gekko being the favorite two of the free crypto trading bots offered, they are for sure great. There is no doubt it as to why it has deserved the spot as the best crypto trading bot in our list.
And since it offers a free trial, why not sign up and try yourself? It is easy. Each bot features a set of parameters and indicators that when they all align will signal the bot to make a sell or a buy of the exchange you prefer. Most times the Bitcoin trading bots are tuned to a specific period. This is an educated guess from the creator on how the market will behave and work in future.
With the choosing factors above and the reviews of the best and most trusted Bitcoin trading bots below, you will be well equipped to choose the best crypto trading bot available. With the increased use of the cryptocurrency trading bots, human error is eliminated or minimized, which results in improved accuracy. Trading bots offer constant interaction with the market, which means that you can go to sleep or go about your day and have it do all the work for you. Not only that, but you can adjust it to monitor, analyze, and trade multiple different assets in different markets.
These bots can analyse as many cryptos as you will indicate in their algorithms and work with the number of exchanges you want them to cover. In short, trading bots maximise the profit potential by employing a mechanism that is responsive to market shifts around the clock.