Crypto Trading Bots are computer operated programs that store cryptocurrencies after buying them, only to sell them at the most perfect hour! This further generates profit for the users. They work in a way that the market is in their vicinity of close patrolling, only to act upon the predetermined rules on time. One can often determine how the bot will analyze various market actions, such as volume, orders, price, and time, as per their taste and preference.
Best Crypto Trading Bots
A newcomer in the market that has totally been able to make its name by missing no opportunities. That is to say, Cryptohopper utilizes cloud technology to keep the bot running 24/7. This method enables users to place trade orders even during the night. Some of its salient features comprise of:
- The bot has integrated with an external trading signaller which makes it easy to use by running on autopilot.
- It is equipped with features such as trailing stops, technical analysis, templates, and backtesting.
- Once you subscribe to any of the plans that it comes with, you can start using the bot on popular exchanges like Binance, Huboi, Kucoin, Bittrex, Coinbase, Poloniex, Kraken, Cryptopia, and Bitfinex.
Despite being new in the market, 3Commas has sufficed its users with considerable gains, even during the crypto bear market. Its unique features include:
- Its ability to trail any crypto market allows the bot to close the trade at the most profitable position despite the set target getting reached. This feature helps immensely during the crypto bull run.
- The 3Commas does come with a price tag and therefore, the starter plan will cost you $24 only.
Let’s just say its a new age bot. They have further come up with a way of re-defining the crypto-trading. This particular trading bot comes up with myriad features that further facilitate seamless automated trading. They are:
- you can create your own strategies using the drag and drop editor. It further offers an interface, that is easy to use, especially for beginners.
- no subscription fee is needed to make use of the platform. It works on ‘pay as peruse principle’ which is something new in here.
- Kryll has its own token and all the fee is to be paid with the KRL token. The fee can be reduced and additional benefits can be furthered by holding the KRL tokens.
It’s widely known for its transparency as a crypto trading bot. It charms its audience by its openness unlike other trading bots. Some of its features are:
- facilitates easy communication between users and developers of the bot, thus building a sense of trust.
- Zignaly is compatible with the Binance exchange.
- the bot also allows users to implement their own customized trading strategies, thereby giving flexibility to the more experienced traders as well.
Gunbot is a popular trading bot with over 6000 active traders using its services on a daily basis. Some of its salient features include:
- Compatible with several trading platforms including Binance and GDAX,
- It can be run on your local PC. Can further run on Windows, Linus, and the Mac platforms.
- The bot has 32 different pre-configured trading strategies which give users a lot many options to generate some passive income.
Thus, we conclude that cryptocurrency trading bots are indeed very helpful when it comes to generating a profit out of one’s investment. Further, it becomes important to know about the best trading bot that’ll fulfill all of your trading needs. And therefore, have a good time choosing “the one”!!