Cryptocurrency has grown into one of the most popular assets to trade in recent years. Due to its highly volatile nature, the value of the asset constantly moves up and down. This opens up various trading opportunities. As a result, traders can sometimes enjoy greater rewards, and do so faster than they would with other assets. But as always, great losses can also be experienced.
Crypto trading requires a lot of work, dedication and research, so the learning curve is quite steep. Traders can easily make mistakes and experience losses. This is why many among them, especially inexperienced, many traders prefer to use AI crypto trading bots.
In this guide, we’ll explain what AI crypto trading bots are, how they work, and introduce nine of the top AI bots for trading crypto.
What are AI crypto trading bots?
Trading bots have been around for decades, and even crypto trading bots have been around for years. However, as time went on, they got better and better. At the same time, other technologies, such as Artificial Intelligence (AI), have also advanced. The two technologies began to merge, and AI crypto trading bots emerged as a result.
By combining trading bots with AI, developers have created much faster, more precise and efficient trading robots. They are able to analyze markets and react quickly to price changes – much faster than any human ever could. Once they make predictions and the price starts to move, they can react immediately by placing buy and sell orders. This allows them to place dozens of orders per day depending on market conditions. They make cryptocurrency trading simple and efficient by responding in real time. As for which bots are the best, after doing some research we’ve picked the following nine.
1. OKX
The OKX trading bot is an automated tool that allows traders to expand their portfolio without spending much time on trading. The bot offers several types of strategies, including grid trading and arbitrage trading. It is useful for beginners who are looking for opportunities in the market. OKX’s trading bot offers 11 different modes. Each can be used for specific situations.
In other words, the bot helps you be prepared for almost any kind of market. These include spot grid, futures grid, iceberg, smart portfolio, time weighted average price and arbitrage order.
Another useful feature is the ability to copy strategies used by professionals. This is possible thanks to the bot market, where traders can copy other trading bots.
Features:
Price: There are no pricing plans, and all costs are based on trading fees ranging from 0.03% to $0.15%.
2. Pionex
Pionex is one of the leading AI crypto trading bots. It features an impressive 16 free built-in trading bots and comes with a small trading fee of 0.05%.
One of Pionex’s most popular trading bots is the Grid Trading Bot, which is ideal for selling high and buying low. Another is the arbitrage bot, which utilizes the futures market. Overall, Pionex is highly efficient and offers you a payout every eight hours.
Features:
Low trading fees
16 built-in trading bots available for free
Leverage Grid Bot offers up to 5x leverage
Rebalancing bot that helps you keep the coins
Spot-Futures Arbitrage bot that lets you earn 15-50% APR with low risk
Price: A 0.05% trading fee.
3. 3 Commas
3Commas is a reliable and popular option that offers 21 trading bots. There are Grid bots, Dollar Cost Averaging bots, Options bots and HODL bots. Grid bots have been highly reliable in bear markets, while DCA bots are great in volatile markets. Options bots can execute highly advanced strategies. Finally, HODL bots allow users to build their long positions through regular purchases.
The bots can be configured to meet the conditions of any kind of market. And users can customize them to meet their specific trading goals.
Features:
A wallet app
Multiple educational materials
Portfolio management
Detailed FAQ
Next-level data feeds
Easy to use with quick access bot presets, strategies and templates
Active 24/7
Price: There is a free plan with three bot types and three premium plans:
1. Starter ($14.5 per month)
2. Advanced ($24.5 per month)
3. Pro ($49.5 per month)
4. Learn2Trade
Learn2Trade, a trusted and reliable AI crypto trading bot, has been around for years. It has attracted more than 70,000 users around the world and is one of the leading providers of crypto signals. The bot offers both free and premium services, and real-time alerts via social media. So far, Learn2Trade has recorded a 79% success rate on its tips and signals. The bot’s VIP option even offers entries, take-profit and stop-loss price levels.
As for the free option, it contains up to three signals per week. Paid options offer up to five per day. There are four premium plans, so everyone can choose the one that best suits their needs and budget.
Features:
Price: Learn2Trade offers four different plans including:
Free plan
1-month subscription (£99 per month)
3-month subscription (£67 per month)
6-month subscription (£58 per month)
5. Cryptohopper
CryptoHopper is considered a good option for beginners and experts. It is a cloud-based AI crypto trading bot that uses an algorithmic programmed trading approach. It allows clients to use external signals to make smart trades. The bot is compatible with 9 different crypto exchanges, all of which are major names within the cryptocurrency sector. These include Binance, OKX, Coinbase, Huobi, Kraken and more.
The platform allows you to use free and premium signals from different sources. There are more than 30 trading indicators and more than 90 candle patterns. The bot is available 24/7 and it can trade 75 different coins including BTC.
Features:
Multiple indicators like Bollinger Bands, Stoch and RSI
Web-based, with no mobile or desktop apps
The tools include trailing stops, customizable technical indicators, backtesting tools and configurable templates.
Price: CryptoHopper offers a free trial. After the trial ends, there are three plans to choose from, priced at $19, $49, and $99 per month.
6. Krill
Kryll is an AI crypto trading bot and automation software tailored to the needs of day traders. With Kryll, traders can participate in portfolio management or fast day trading. The bot has many useful features, such as the crypto builder.
It is a useful tool for beginners that allows them to create scripts without any coding knowledge. It has a drag-and-drop system that allows users to plug existing features into specialized bots.
As for the market section, it is for experienced and inexperienced traders. They can use it to share their strategies and earn money. Anyone with no experience can use it to acquire a trading strategy to help them earn through the bot.
Features:
Price: Six different plans, including a free option. The more funds traders add, the bigger the discount and the number of bots available.
7. Carpenter
Mizar is preferred by many due to its cost effectiveness. The bot can be used to manage, optimize and automate trading. There are several options on offer, with copy trading being the simplest one. You can follow and react to signals or repeat strategies created by professionals.
Alternatively, you can completely automate your trading by activating the bot, and have it trade on your behalf 24/7. Meanwhile, if you are copied by other users, you can earn passive rewards.
The bot offers multiple functionalities, including take profit, stop loss, trailing stop, and more. This can help them reduce risks while increasing rewards.
Features:
No monthly subscription fees or upfront costs
It features DCA bots and a Smart Trading Terminal
Paper Trading Account is available to test strategies
Features a one-click copy trade with profit sharing
Price: No signup fee or upfront cost, but there are volume fees depending on volumes traded.
8. Cryptorobotics
Cryptorobotics is another popular platform for automated trading. It contains eight crypto trading bots that can be programmed with special rules and parameters. As a result, the platform and its bots are customizable to suit your specific trading goals and strategy.
The bots are designed to analyze market data, execute trades and follow strategies. So, they don’t require you to constantly check in and see what’s happening.
Features:
Automated trading
Data-based trading
Portfolio diversification
Paper trade
Warnings
Integration with crypto exchanges
High degree of customization
Price: Pro packages, profit sharing
9. Bit gap
Bitsgap lets you manage digital currencies with ease. It can also analyze more than 10,000 crypto pairs to detect cryptocurrencies with the shortest potential. With these and other features, creating your own strategy only takes a few clicks.
Bitsgap consists of futures bots, Grid bots, Unlimited Smart Orders, and more. It is also linked to a number of crypto exchanges. Some examples include Binance, Kraken, Poloniex, Huobi, Bittrex, Livecoin and others.
Features:
Easy to use tools for portfolio management and trading
Fully automated, available 24/7
Does not require download to access it
More than 100 technical indicators
12 types of chart
Available on more than 25 brokers
Have your settings tested before trading
Price: $29 per month
Should You Use AI Crypto Trading Bots?
Many consider AI crypto trading bots to be excellent trading tools for new crypto traders. You may find that your favorite platform offers social trading and more than one bot trading strategy. These automated systems can instantly analyze trading signals and make a decision before a human trader even collects the data. They work in real time and are not affected by emotions, which means they can be the best trading strategy for you. All you have to do is set them up and monitor their performance as automated trading takes place.
In the end, the decision to use it or not is entirely up to you. However, remember that trading itself will involve trial and error. Bots can be a more efficient way to tackle the crypto market, but it’s not for everyone. It is important to set them up properly to achieve good results. However, if you decide to give them a try, the list above can help you decide where to start.
Frequently Asked Questions
Is there an AI bot that trades crypto?
Yes, there are numerous AI crypto trading bots available today. The list above offers nine different options for you to choose from.
Are AI trading bots legal?
Yes, AI trading bots are legal to use. They are considered tools of the trade – you can use them as much or as little as you like.
Do crypto trading bots really work?
Most of the leading, reliable bots work, and quite well. Of course, some bots are either fake or ineffective. This is why it is important to do your own research before using one.
What is the best auto crypto trading bot?
Each bot has its advantages, so no bot can be identified as “the best”. It depends on what you are looking for — how simple or complex, how cheap or expensive. All of the bots on the list above are very effective at what they do, so be sure to review them before doing so.
What is an OKX trading bot?
An OKX trading bot is an automated trading tool created by the OKX platform. This is an algorithm that automatically executes trades on the OKX exchange.
Is the OKX trading bot free?
Yes, OKX Trading Bot is completely free for OKX users to use. It is considered as another of the trading tools that the platform offers for cryptocurrency trading.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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