Cryptocurrency bots are some type of automated software that have the ability to aid you in buying and selling your crypto assets at the proper time. The main goal of the said software is to reduce risk and losses to a minimum and instead increase the revenue from cryptos. These bots allow you to manage all of your cryptocurrency exchange accounts in a single place. Many of the similar applications enable you to trade currencies such as Bitcoin, Litecoin, Ethereum and others more easily.
Following is a list of 6 top cryptocurrency bots along with their pros and cons and their popular features. Also, note that the following list contains both commercial (paid) and open source (free) software.
Pionex is known as one of the first exchanges with 12 trading bots in the world. Moreover, these bots are free and anyone can use them. Users may automate their trading without the need to be always monitoring the market in case of fluctuations. It combines the liquidity that Binance and Huobi Global have and is considered as one the biggest Binance brokers in the market.
Pionex, Binance, Huobi Global
Android and IOS
Trality is a platform that anyone who wishes to benefit from algorithmic cryptocurrency trading can use without having to give up their day job. The platform offers a couple of state-of-the-art tools in order to make algorithms in an educational infrastructure driven from the community that is super creative and highly intricate. These algorithms have the ability to promote development and learning as a trader.
Free, 3 paid plans (from €9.99 to €59.99)
Bitpanda, Binance, Coinbase Pro, Kraken
Cryptohopper is one the best cryptocurrency bots that you can find out there to help you manage all of your cryptocurrency exchange accounts in just one place. You can use the bot to trade Ethereum, Bitcoin, Litecoin and many more currencies.
Bitpanda Pro, Binance, Coinbase Pro, Kraken, HitBTC, Bittrex, Bitravo, Poloniex, OKEx, Bitfinex, Huobi, KuCoin
Android and IOS
Quadency is a management software for your digital assets that offers an automatic trading plan for both retail and institutional traders. It makes the process of investing in a cryptocurrency a lot more efficient.
Free, 2 paid plans ($49 and $99 per month)
Binance US, KuCoin, Binance, Coinbase Pro, Kraken, HitBTC, Bittrex, Gemini, Poloniex, OKEx, Bitfinex, Liquid, AAX
Both Android and IOS apps are under development
Coinrule is another great automated trading software that lets you trade for many popular exchanges such as Coinbase Pro, Binance, Kraken and many more. The platform offers more than 130 trading strategies templates for you to use.
Binance US, Poloniex, Binance, Liquid, HitBTC, Kraken, Coinbase Pro, BitMEX, Bittrex, Bitpanda Pro, Bitstamp, Bitfinex, OKEx
Bitsgap is one of the most popular trading bots that offers easy management of your digital assets. The software can analyse over 10,000 cryptocurrency pairs and is able to detect coins with the shortest potential. You can also create your own bot trading strategy with only a couple simple mouse clicks.
Not suitable for every market condition
Relies on API connection to exchange
Lacks a mobile app
Cryptocurrency traders often use bots to make the process of doing investments automatic in order to maximize their profits. When you use a cryptocurrency bot along with other risk management tools, it can help you immensely in taking some of the emotion out of the strategy you use for trading which in turn allow you to execute trades based on trends and actual data rather than gut feelings and chance. In this article, we talked about 6 top cryptocurrencies bots to help enhance your trading.
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