The Best Crypto Trading Bots: My Personal Ranking
Crypto Made Easy
In the fast-paced world of cryptocurrency trading, things can get hectic very quickly.
As with any market, volatility is commonplace, and new events can have a significant impact on prices in a matter of seconds.
However, for most people it’s simply not feasible to keep track of all the various news items and market indicators; so how can you make sure that you are making the best trading decisions at all times?
The answer is by using a crypto trading bot.
These automated programs will monitor markets and react faster than you, buying or selling as conditions change so that you don’t have to worry about it.
They can also be more patient than human traders when waiting for the perfect moment to strike. So if you want to get started with AI-assisted crypto trading, here’s an overview of some of the best bots available right now…
You Can Sign Up For A Free Crypto Trading Bot On Kucoin
Very basic Trading Bot.
What Is a Crypto Trading Bot?
A crypto trading bot is an application that uses automated trading rules to buy and sell cryptocurrency autonomously.
These bots can be programmed to buy and sell at certain prices and times, or they can be set to respond to external factors such as changing news headlines or the price movements of other cryptocurrencies.
Some crypto trading bots will employ algorithms that simulate the decision-making process of human traders and attempt to respond rationally to market conditions.
Other automated trading programs are simply rule-based algorithms with no built-in intelligence.
Whether you use a simple trading bot or a more complex automated trading system, you will have to decide on your preferred exchange and the currency pairs you want to trade.
Why Use a Crypto Trading Bot?
Trading bots have been around since the earliest days of the crypto markets, and they have proven to be hugely beneficial for a wide range of traders.
You can choose a crypto trading bot that will respond to changing conditions in the markets by buying and selling crypto assets at the best possible prices.
Such bots can be programmed to take a “hands-off” approach to trading, allowing you to sit back, relax, and just watch the profits roll in.
Trading bots are particularly useful for people who can’t keep a constant eye on the markets, such as long-term investors or traders who have other commitments that prevent them from watching the markets closely.
Crypto trading bots will also help you to avoid emotional trading, something that is all too common among human traders.
By using a bot that is programmed to respond rationally to market conditions, you can reduce the chances of letting emotions cloud your decision-making.
Cryptocurrency Trading Bots
Trading bots are an incredibly popular choice for people who want to make automated trading part of their crypto investment strategy.
You can find a wide range of trading bots online, but how do you know which one is best for you?
Here are some of the most important factors to consider when evaluating trading bots:
- Trading frequency — How often does the bot run and make trades? The more frequently a bot trades, the greater the risk of it incurring a loss. However, frequent trading also increases the potential for profit.
- Margin — How much trading collateral does the bot require? Margin is a measure of the risk associated with each trade. The higher the margin, the riskier the trade.
- Risk level — What is the bot’s risk management strategy? Some bots use a “conservative” trading strategy that aims to minimize risk, while others use “aggressive” strategies that are designed to maximize profit.
- Risk management — How does the bot respond to unexpected events? Does it automatically shut down trading and attempt to minimize losses? Or does it keep trading and hope to recover?
- Exchange — What crypto exchanges does the bot connect to?
- Trading pairs — How many crypto trading pairs does the bot support?
- APIs — Does the bot offer a public API that you can program to suit your own trading needs?
- Support — What customer support does the bot offer? Is there a support team that you can contact if you have questions?
- Bonus features — Are there any other features that make the bot stand out from the crowd?
- Price — How much does the bot cost?
The Best Crypto Trading Bots in 2022
Now that we’ve discussed the important factors to consider when evaluating trading bots, let’s take a look at some of the best crypto trading bots available right now…
# 1 BITSGAP CRYPTO TRADING BOT
This is one of the most popular crypto trading bots on the market today, thanks to its advanced trading algorithms and low trading fees. This bot supports 15 different exchanges, including Binance, Bittrex, and OKEx, and is compatible with a wide range of crypto trading pairs, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ethereum Classic.
Moreover, BITSGAP comes with a host of built-in features designed to make trading even easier and more profitable, including an API and a “scheduling” feature that enables you to set up custom trading tasks.
You can also take advantage of the 24/7 customer support service.
Bitsgap - Best Crypto Trading Bots and Automated Trading Platform
Cryptocurrency trading, bots and portfolio - all trading tools you need with access to 25+ crypto exchanges from one…
#2 3COMMAS CRYPTO TRADING BOT
This trading bot offers a wide range of trading strategies and customization options so that you can get the bot that best suits your trading needs.
It works across a range of different exchanges and includes support for a wide selection of crypto trading pairs.
In addition, 3COMMAS offers a wide range of nifty features, including a “sandbox” feature that allows you to test new strategies in an “offline” environment, a Profit/Loss Log feature that allows you to track your bot’s performance, and an API that allows you to program your bot to suit your own needs.
3COMMAS also offers a wide range of customer support options, including a FAQ section and email support.
#3 KUCOIN CRYPTO TRADING BOT
Is A Free Trading Bot That Allows You To Do Spot Trading, Futures, Smart Rebalancing And Infinity Grid Bot And Many More.
If you are looking to get started in trading bot, and looking for an inexpensive option then kucoin is a solid choice.
If you want to make the most of your crypto trading efforts and reduce your risk of incurring losses, a crypto trading bot is a very good idea.
Trading bots are computer programs that allow you to automate certain aspects of your crypto trading strategy, freeing up your time so that you can focus on other aspects of your investment portfolio.
Whether you choose a simple trading bot or a more complex automated trading system, you will have to choose an exchange and select the crypto trading pairs that you want to trade.
You should also make sure that you select a crypto trading bot that offers the features and functionality that you need, while also remaining within your budget.
If you want to stay ahead of the curve,