Last Updated on February 25, 2024
The global cryptocurrency market size stood at USD 4.67 billion in 2022 and is expected to reach USD 5.15 billion in 2023. So, if there was ever a more opportune time to invest in the lucrative crypto trade, it’s got to be now.
The main advantage of crypto trading is that the market is active 24/7. That makes it incredibly easy for investors to trade despite their time zones.
However, the fact that the cryptocurrency market operates around the clock means you must constantly monitor the charts to determine the best time to trade. It only takes dropping your guard for a few minutes for an important opportunity to pass you by. The hands-on approach to crypto trading is a huge drawback, particularly to those already working a regular job. And that’s where crypto trading bots and algorithms come in.
Crypto trading bots are software designed to take the hassles from cryptocurrency trading by automating the buying and selling of crypto assets. These applications are excellent at addressing the common challenges faced by regular crypto traders, including hardware problems, internet downtimes, and real-time trend monitoring. Crypto trading bots and algorithms monitor the charts and then automatically make transactions while allowing you to attend to your other pressing needs.
In this post, we look at the ten most reliable crypto bots and platforms worth investing in in 2023.
1. Botcrypto
Pricing: Paid plans start from €9.99/month; a free version also available
Botcrypto is an automated cryptocurrency trading software designed to serve the needs of both new and experienced crypto traders. The bot implements powerful algorithms that perform deep scans on the crypto market to identify profitable coin pairs. It then initiates the transactions automatically on your behalf.
Botcrypto is also a great recommendation for cryptocurrency investors who wish to customize their trading strategies. The bot is just as effective for day trading as it is for swing trading. You only need to personalize it based on your trading needs and then let it get to work.
24/7 support is another pull factor to Botcrypto. The platform maintains round-the-clock customer support comprising experienced crypto traders who’re happy to answer your queries whenever you post them. That essentially means Botcrypto is equally available for trade 24/7.
You’ll also love Botcrypto for the 20+ technical indicators available on its platform. These indicators make the software compatible with Dollar-Cost Averaging and small-time crypto investments.
Botcrypto supports numerous exchanges, including Binance and Kraken. Moreover, you can buy and sell crypto assets using credit cards, a feature you won’t find in many crypto trading bots.
2. Dash 2 Trade
Pricing: Uses a pay-as-you-go model
Dash 2 Trade is a crypto trading platform that’s fresh on the collective conscience of seasoned crypto traders, after undergoing a tremendous presale in late-2022. The software has become famous for its native D2T tokens, which are widely regarded as the most lucrative artificial intelligence (AI) crypto coins in the market.
On a good month, the D2T coins can rise in value by over 100%. The coins are available on multiple exchanges, including Gate.io, HitBTC, and Uniswap.
As a cryptocurrency trading bot, Dash 2 Trade uses cutting-edge technology and analytic tools to study the market before deciding the most opportune time to trade. The bot is so effective that it enjoys the approval of thousands of beginner and professional crypto traders worldwide.
Dash 2 Trade was developed by an experienced team of online traders to ensure it never disappoints. The platform provides automated crypto trading via its APIs and a host of other trading tools.
One such tool is a backtester that lets you test strategies and theories in live market conditions to gauge their efficacy without risking any capital. There’s also Dash Score that ranks the best-performing crypto presales based on numerous predefined parameters. Lastly, crypto trading signals point you to available trading opportunities in the market so you can capitalize on them before someone else does.
3. 3Commas
Pricing: Paid plans start from $22/month; a free version also available
3Commas is a go-to crypto trading platform based on the wide range of bots and exchanges it offers. The software boasts over 20 trading bots that you can use to transact crypto assets in more than 15 currency exchanges.
There are multiple ways to trade 3Commas bots too, depending on the nature of the bot.
For instance, Grid bots are excellent in bear markets where most crypto coins are experiencing sideways price movements. There are also Dollar-Cost Averaging bots which are perfect for profit-making during volatile crypto markets despite the general market direction. Options bots are amazing for seasoned traders who wish to experiment with advanced trading strategies while HODL bots are great for building long positions through regular purchases.
While 3Commas bots appear designed for specific trading needs, the bots are also flexible. You can configure them to trade automatically based on your presets and the prevailing market conditions.
Not only does 3Commas track market trends 24/7. It also reports its findings on real-time bases.
4. Quadency
Pricing: Trading commissions start from 0.02%
Quadency is similar to 3Commas in terms of availing a plethora of crypto trading bots that let you gain control of specific aspects of the market.
The platform also connects you to numerous currency exchanges, including Coinbase, KuCoin, Binance, Bittrex, Poloniex, Kraken, Gemini, and Bitfinex. And despite the exchanges you use to access the cryptocurrency market, Quadency will provide you with deep insights into your assets in real time.
Quadency was developed as an asset management robot for cryptocurrencies and undergoes regular updates to ensure it’s in tune with emerging trends in crypto trade. It deploys the power of artificial intelligence to provide seamless crypto trading services to both institutional and retail traders.
Quadency’s bots are fully customizable. You can easily personalize them based on your trading needs. Beginners can readily deploy the pre-built popular strategies to get a hold of the market while experienced users can customize the strategies further to fit their trading needs.
Smart Order Crypto Swaps and Crypto Portfolio Tracking are other features that make Quadency a crypto trading bot worth checking out.
5. Learn 2 Trade
Pricing: Uses a pay-as-you-go model
The name may sound as if this crypto trading bot was designed exclusively for beginners. But make no mistake.
Learn 2 Trade is an excellent tool used by new and experienced crypto traders alike. The platform enjoys the approval of over 70,000 global users and has garnered over 4/5 stars from thousands of reviews on reputable websites like TrustPilot.
But if that still doesn’t convince you to make Learn 2 Trade your go-to crypto trading platform, it might interest you to know that the software boasts one of the most reliable crypto signals providers. It has free and paid services, the latter of which are charged on a pay-as-you-go model.
Users can enjoy numerous accurate and profitable signals daily, as well as real-time alerts through social media and daily technical reports. The number and frequency of signals to unlock varies by your plan. For instance, the free option offers three signals weekly while the paid plans provide up to five per day.
The signals and tips will further vary depending on the specific paid plan you subscribe to. The VIP option provides daily signals as well as take-profit and stop-loss price levels.
6. Cryptohopper
Pricing: Paid plans start from $16.58/month; a free version also available
The first thing you’ll love about Cryptohopper is the numerous exchanges it supports. You can use the platform’s bots with Kraken, Binance, Coinbase Pro, Okex, KuCoin, Bittrex, HitBTC, and a host of other exchanges.
Cryptohopper maintains a vast collection of bots too, such as AI, market-maker, arbitrage, and mirror trading. The platform is remarkably easy to set up and use. Its intuitive dashboard ensures that all essential crypto trading functions are within your reach.
Like many crypto trading platforms on this list, Cryptohopper lets you create personalized technical analysis. You can preset certain trading criteria under which you’d like the software’s bots to operate. This eliminates unpleasant surprises, such as losing more money than you’re willing to invest.
There are real-time performance reports to clue you in on the market trends. And if you’re a newbie in the intricate world of crypto trading, you can take advantage of the numerous bot templates and strategies the platform offers.
Cryptohopper is also one of the few crypto trading bots that go the extra mile to keep your account secure. 24/7 customer support and compatibility with both iOS & Android are other reasons to choose this software.
7. Kryll
Pricing: Uses a pay-as-you-go model
Kryll is an automation software for crypto investors who’re looking to bypass the often-steep learning curve involved in crypto trading. The platform also doubles as a marketplace where experienced traders can share invaluable trading strategies at a fee.
Earning and growth opportunities are limitless with Kryll, thanks to the platform’s marketplace. Seasoned traders can maximize their profits through direct crypto asset trading and monetized tips while beginners can leverage the insightful strategies to navigate the market.
Another noteworthy feature is the Crypto Builder which allows beginners to create scripts without prior coding knowledge. A drag-and-drop system makes it easy to link pre-existing features into specified bots.
There’s a Trading Terminal feature for setting stop-losses and multiple take-profits, and a Strategy Editor for creating automated trading algorithms using the intuitive drag-and-drop interface.
Kryll works on all devices and operating systems, including iOS and Android mobile apps. You also get unlimited free backtesting and TradingView integration.
8. Cryptorobotics
Pricing: Paid plans start from $19/month; a free version also available
Cryptorobotics is a crypto trading platform that provides its clients with automated trading features using the eight best crypto trading bots. The bots are intelligent enough to forecast trends in currency pairs, allowing them to make timely trades.
Customizability is one of the main drawcards to Cryptorobotics as a crypto trading platform. The software allows you to pre-program its bots with specific trading instructions and parameters. This guarantees accurate and profitable crypto transactions.
Once programmed, Cryptorobotics bots will trawl the crypto world for any opportunities and execute trades based on your predefined trading criteria.
You can also personalize Cryptorobotics bots based on your risk tolerance. This means you no longer need to monitor the crypto charts actively with the nagging fears of blowing your investment. Simply define your risk tolerance and the bots will execute trades to ensure you only risk what you can afford to lose.
There are no restricted trading timelines either when it comes to Cryptorobotics. You can deploy the software for short-term trading, mid-trading, and long-term trading.
9. HaasOnline
Pricing: Paid plans start from $49/month; a free version available
A household name in the crypto bot market, HaasOnline is another platform for traders seeking to automate their crypto trading processes. The software is also one of the oldest and most well-established, which speaks to its credibility.
And although it’s especially popular with experienced traders, the provision of an intuitive and easily customizable dashboard makes HaasOnline a great choice for beginner traders too.
HaasOnline supports multiple exchanges. Major ones include Binance, Kraken, Gemini, Bittrex, Bitstamp, BitMEX, and Bitfinex. The software also offers backtesting capabilities, as well as paper trading, arbitrages, and dollar-cost averaging.
HaasOnline has over 15 programmable script bots that you can use concurrently to undertake different trading techniques, such as scalping. The platform reports its analytics in over 50 technical indicators. It then leverages those analytics to better understand the market dynamics before making calculated trades.
HaasOnline also provides cloud management and an affiliate program where users earn crypto coins for referring their friends to the software. The platform supports both Android and iOS devices through dedicated applications.
10. Pionex
Pricing: Trading commissions start from 0.05%
Pionex boasts 16 free trading bots designed primarily for retail investors but which are just as reliable for any crypto trader. Some of the software’s notable bots include the following;
a) Grid Trading Bot
The grid trading bot allows investors to trade crypto assets within a specified duration using integrated auto-trading algorithms that trawl the markets 24/7. The bot is easy to use, as all it takes is pre-programming your trading criteria.
b) Dollar Cost Averaging Bot
Also known as the martingale bot, the dollar cost-averaging bot was designed using the traditional martingale strategy core idea. And true to its original design, this bot utilizes the martingale strategy which entails doubling a trade size whenever you’re facing a loss.
c) Rebalancing Bot
This bot is great for optimistic traders who don’t mind holding onto their assets for dear life in the hope of cashing in on them when their values appreciate.
Besides providing multiple trading bots, Pionex also works on many exchanges. And the best part is that you don’t need to use APIs to connect to third-party exchanges. That means you can seamlessly perform your trading on a single platform. The software also levies trading fees as low as 0.05%.
Summary
Crypto trading bots and algorithms have revolutionized the cryptocurrency market. However, you’ll only achieve meaningful success by choosing a tool that aptly suits your investment needs.
Feel free to pick a bot from this list to kick-start your crypto trading journey. Happy trading!