8 Best Crypto Trading Bots: The Ultimate Guide for Traders

In the fast-paced world of cryptocurrency trading, staying ahead of the competition is crucial. With the rise of automation, crypto trading bots have become indispensable tools for crypto traders seeking to maximize their profits and efficiency. 

Broadly speaking, cypto trading bots are automated software programs that execute cryptocurrency trading strategies on behalf of users. They are designed to analyze market conditions, monitor price movements, and place trades based on predefined rules and algorithms.

In this article, we will examine the eight best crypto trading bots available in the market today. Before we dive into the details, let’s quickly list the best crypto bots for automated trading.

Here are the best crypto trading bots for trading digital assets:

1. Cryptohopper – The best crypto trading bot overall
2. 3Commas – Crypto trading bot platform with a native app marketplace
3. Binance Strategy Trading – Automate your training with the world’s largest crypto exchange
4. Coinrule – A streamlined crypto bot trading platform
5. KuCoin Trading Bot – Free crypto trading bots
6. Pionex – Crypto exchange with robust trading bot features
7. Trality – A curated selection of crypto trading bots
8. Bitsgap – Crypto trading bots with algorithmic orders

The 8 best crypto trading bots: Examining the top tools for automated crypto trading

In the following sections, we will examine the best cryptocurrency trading bots, both as a part of existing crypto exchange platforms and as standalone trading platforms. It is worth noting that crypto trading bots and arbitrage scanners go hand in hand. For more information about the best crypto arbitrage scanners, check the video below.

1. Cryptohopper – The best crypto trading bot overall

Cryptohopper is one of the most powerful crypto trading platforms in the industry. It offers a wide selection of crypto trading products and services, and is designed for beginners and experienced traders alike. Cryptohopper helps traders improve efficiency and profitability by automating various trading processes and can be used with numerous trading exchanges, including Binance, KuCoin, Coinbase, Kraken, and more.

In addition to automatic trading bots, Cryptohopper hosts a social trading platform, where users can exchange investment ideas and strategies, a copy trading bot, which allows you to copy trades of successful traders, as well as the dollar cost average (DCA) and trailing orders. Before your trading bot is deployed, you can test it using paper trading and put it through rigorous testing thanks to the backtesting capabilities. Last but not least, you can let your bot learn and execute trades by itself, thanks to AI.

Key features: 

• Advanced automatic trading bots
• Bots can learn by themselves using AI
• Paper trading and backtesting capabilities
• Copy trading tools and social trading options
• DCA and trailing orders
• Leaderboards and prizes for top traders

2. 3Commas – Crypto trading bot platform with a native app marketplace

3Commas is one of the better crypto bot trading platforms, enabling investors to leverage a variety of tools to manage their portfolios, make more efficient trades, and implement advanced trading strategies using automated trading bots. The two core features of the 3Commas platform are SmartTrade and Terminal, which allow you to set up trade parameters and various price movement scenarios, and the bots handle the rest. 

A powerful feature of 3Commas is the ability to integrate real-time trading signals to inform how your crypto bot executes predetermined trading strategies. In a similar vein, traders can also use existing trading bots from other profitable investors on the platform to copy their trading bots. 3Commas also offers portfolio management features, which allows you to keep track of your investments across different exchange in one place.

Key features: 

• Smart trading terminals with advanced user-specified triggers
• DCA, Grid, Options, and Futures trading bots
• Connects with crypto exchange using APIs
• Existing trading strategies allow you to make profitable trades regardless of market conditions
• An educational portal with helpful videos and articles
• Native marketplace featuring user-deployed trading apps

3. Binance Strategy Trading – Automate your training with the world’s largest crypto exchange

Strategy Trading is an automated trading platform that allows Binance users to find and execute successful trading strategies from other traders. There are a number of different automated tools available on Binance, including Spot Grid, Futures Grid, Rebalancing Bot, Spot DCA, Futures TWAP, and Spot TWAP. In addition, there is a bot marketplace available, where bots can be filtered by their ROI, type, and runtime. At the time of writing, there are over 60,000 active strategies with a total value of more than $100 million.

With Spot Grid, users can buy and sell physical digital assets with preset ranges. Meanwhile, Futures Grid allows you to trade cryptocurrency derivatives with an advanced version of Grid Trading, which lets you analyze market data thoroughly and make informed investment decisions. It is worth noting that the holders of Binance’s native BNB token benefit from lower trading fees and other promotions. For more information, check our guide on how to use the advanced features of the Strategy Trading platform.

Key features: 

• Leverage liquidity of the world’s largest crypto exchange
• Spot trading and futures trading bots
• Auto Invest and DCA orders
• Extensive bot marketplace
• Leaderboard rewards for top traders
• One of the most advanced grid bots in the industry

4. Coinrule – A streamlined crypto bot trading platform

Coinrule is a trading platform that aims to make the user of crypto trading bots easy. As a part of its offering, Coinrule enables investors to create automated trading rules that run around the clock. Not only that, the rules governing bots can be tested without risking real money by using the demo feature. Coinrule prides itself on being very accessible, allowing users that have no experience with coding to deploy their own trading bots in minutes easily.

Coinrule allows users to purchase various trading bots on its native marketplace, allowing you to buy tailored made bots for various scenarios, like “Buying the Dip”, “RSI MA with Trailing Stop”, and more. The platform supports most of the largest crypto exchanges in the industry, including Binance, Coinbase, Kucoin, and Kraken.

Key features: 

• Build your own bot trading bots in a few clicks
• Buy premade bots on the marketplace
• Streamlined triggers that can be executed based on the simple IFTTT model
• Beginner-friendly crypto trading software
• Integrated profit calculator

5. KuCoin Trading Bot – Free crypto trading bots

KuCoin Trading Bot is a platform that allows users to automate their cryptocurrency trading strategies on KuCoin, one of the best crypto exchanges overall. There are a variety of trading tools available to KuCoin users – spot traders will be happy to find Spot Grid, Martingale, Smart Rebalance, Infinity Grid, and DCA options, whereas futures traders can use the Futures Grid.

KuCoin runs special Trading Bot promotion that rewards the most successful traders based on their Annual Percentage Rate (APR). To start using bots on KuCoin, you only need to register a new KuCoin account, select a trading strategy, and start investing funds. It is worth noting that the holders of KCS, KuCoin’s native digital asset, benefit from discounted trading fees and other promotions.

Key features: 

• Use automated trading software on one of the leading crypto exchanges
• Futures Grid and Spot Grid
• Alliaviate market volatility with gradual buying and selling with Martingale
• Automate your DCA investments for the long term 
• Leaderboard rewards for top traders

6. Pionex – Crypto exchange with robust trading bot features

Pionex is a digital asset trading platform that is focused on providing various automated tools to its users. The platform offers a dedicated spot trading bot and a futures trading bot. Not only that, Pionex offers a unique and innovative solution known as PionexGPT, which mirrors the popular ChatGPT interface and can generate trading strategies out of text prompts.

Other bots include the DCA Bot, which is especially helpful for beginners, and the Rebalancing Bot, which allows traders to create their own index and set trading parameters. In addition, there is a variety of other trading bots available on Pionex, including the leverage and “https://coincodex.com/top/” href=”https://coincodex.com/top/”>best crypto

• Spot and Futures trading bots
• PionexGPT allows you to generate trading strategies using text prompts
• Stop-loss, take profit, and trail orders all within a single trade
• Premade bots for sideways, bullish, and bearish conditions
• Backtest bot parameters on TradingView

7. Trality – A curated selection of crypto trading bots

Trality is a platform that lets users access and deploy AI trading bots in just a few clicks. One benefit of Trality is the free trial mode that lets new users try different trading strategies without committing to any of the pricing plans, as long as the trading volume doesn’t exceed €5,000 in trading volume. There is also an extensive bot marketplace, which lets you examine various trading bots and check their all-time returns and other characteristics.

Once you purchase a bot on the Trality marketplace, you will be notified when any tweaks are made to the bot by its creator. You can also rent out your own bots and thus earn passive income. Another unique feature of the platform is the Trality Wallet, which can be used as a unified gateway to crypto markets. It allows you to manage up to 350 different digital assets in one place and execute trading strategies across supported exchanges. Funds can be onboarded using a credit card or bank transfer, as well as Apple Pay and Google Pay payment options.

Key features: 

• Rent premade bots on the Trality marketplace
• Unlimited backtests
• Free trial up to €5,000 in trading volume
• You can monetize your bots on the marketplace
• Trality Wallet can manage up to 350 cryptocurrencies

8. Bitsgap – Crypto trading bots with algorithmic orders

Bitsgap allows you to set up back-tested GRID and DCA trading strategies, or create your own automated strategies with custom triggers. Bitsgap allows you to execute trade orders using algorithmic trading, which enables you to control your risk/reward ratio, Stop Loss, Take Profit, Trailing Take Profit, and other order parameters.

To start using Bitsgap, you only need an API key from your exchange. That allows you to create robust trading orders that can be executed on Binance, KuCoin, Coinbase, and other supported exchanges. Bitsgap offers a 7-day trial to new users, which can be used to test out the platform’s features and get familiar with various trading order options.

Key features: 

• Connect your exchange account with Bitsgap with an API key
• Smart trading strategies with algorithmic orders
• Trading terminal with robust analytics features
• Control the risk/reward ratio of your automated orders
• Can be connected to the most popular exchanges

Crypto Trading Bots FAQs

How profitable are crypto trading bots?

The profitability of crypto trading bots can vary significantly based on several factors, including market volatility, bot strategy, configuration, platform performance, risk management, backtesting, and optimization. While some traders have reported success using trading bots, it’s important to note that trading in the cryptocurrency market is inherently risky and unpredictable. That goes both for trading with a bot and without one.

Are crypto trading bots legal?

In most countries, there are no specific laws or regulations that directly address the use of trading bots for cryptocurrencies. As a rule of thumb, if trading crypto in your jurisdiction is legal, so is the use of a crypto trading bot. It’s important to comply with any applicable regulations related to licensing, registration, or authorization required to engage in cryptocurrency trading activities. You can write an email to the platform that offers trading bots, and check what is the legal status for your particular jurisdiction.

How to make a crypto trading bot?

Creating a crypto trading bot with platforms like Cryptohopper, 3Commas, and Binance Strategy Trading is very simple and requires just a couple of clicks. In order to create your own crypto trading bot, you need to determine the specific trading strategy you want your bot to follow, incorporate risk management techniques, and test your trading bot using historical market data to evaluate its performance (also known as “backtesting”).