Bots for automatic Bitcoin and Cryptocurrency trading

Cryptocurrencies are here to stay and it is a revolution that has just begun and we are in a time of risks but also great opportunities. There are best bitcoin exchanges for usa and almost any other country in the world. Many people are already trading bitcoin and other alternative currencies as a way to generate additional income while still working at their day jobs. Unfortunately, some are still new to this. They don’t have the time or skills to analyze trading charts and perform the complex technical analysis that this type of investment requires.

An important thing to consider with these trading bots is that users must customize their software and spend some time making the right settings to make these bots profitable. After which, it analyzes market information on your behalf and executes trades automatically.

Bots for BitcoinTrading bots are very common in the Bitcoin space as they offer several advantages and faster reaction than what a person can do using the manual method. What these bots basically do is to be available 24h to make trades for you on an exchange where you hold cryptocurrencies with the intention of growing your investment passively.

The exchange most used by these robots is undoubtedly: Binance. So the first thing you will have to do is to open an account in Binance if you don’t have one yet.

Here we explain you the best way to get and buy Bitcoins without being cheated with commissions and paying the market value. The analysis of market information and trade execution is done automatically. All you need to do is sit back and wait for the market to move in your favor and withdraw your profits.

But beware, with so many people looking for and using bots for bitcoin trading, some developers are creating fraudulent software to fool naive individuals. To help you avoid inferior software we have compiled a list of the best bots to trade the crypto market and generate profit in bitcoins or traditional currencies like the euro or dollar.

CryptoHopper

Easy to program (compared to other options). Also allows you to use signals automatically. Lots of flexibility and you can trade on all major Exchanges. For us this makes this bot the most professional and advanced option in this list. And in our personal tests it is the option that has given us the best results (by far).

If you have some trading experience this is probably the most configurable and advanced bot. It can be a bit overwhelming for beginner users due to the amount of options. Tip: Although there are successful configurations in bearish markets, these bots as a rule always get much better automatic performance in bullish markets. Multiplying the profits that already rise with the market price itself.

This bot is undoubtedly one of the most powerful in the market. With a correct configuration and a relatively favorable market we were able to double our amount of ETH handled by the robot in just 8 days (days in which there was an uptrend in the market).

It works perfectly doing trades for you in the most important exchanges such as Binance, Kraken, Caoinbase Pro, etc. Like all bots it requires monitoring and adaptation to the temporary characteristics of the market but this option also has a large community that constantly shares the best settings and results.

In a bullish and appropriate market it is easy for the bot to double and triple the invested amount of BTC and ETH quickly. However it is important to be alert and when the market becomes less favorable make the robot much more conservative and it will make you accumulate bags (coins that remain untraded because they drop in value in BTC).

TradeSanta

In a bullish and appropriate market it is easy for the robot to double and triple the amount invested in BTC and ETH quickly. However it is important to be alert and when the market becomes less favorable make the robot much more conservative and it will make you accumulate bags (coins that remain untraded because they drop in value in BTC). TradeSanta was first launched in 2018. But it wasn’t until 2019 that it went live and began gaining significant traction within the cryptocurrency community.

The bot automates the crypto trading process. Instead of having to watch market trends, as well as its dips and dips, those who want to practice day trading could leave the task of monitoring and placing orders to this bot. This bot is less advanced than Cryptohopper but can still be a valid option to get you started with these tools.

From there, the bot can follow pre-set instructions to place trades according to market trends. In this way, users can ensure that they are not missing out on market gains while they step away to focus on other business opportunities or important aspects of their lives.

TradeSanta works through a completely online interface that is cloud-based. This aspect prevents users from having to install an application, which is in contrast to other solutions available in the market. If you have come this far you might be interested in this list of sites that can earn you free Bitcoin and cryptocurrencies.

Shrimpy

Shrimpy is a platform where you can not only create your own automatic trading strategies but also use the most successful ones created by other users. Although it is still under development, the concept if developed properly, can end up being one of the best tools in the crypto space.

This platform is something like the eToro of cryptocurrencies and is probably one of the most promising developments in the crypto world, due to its simplicity and power. In addition, you can not only earn cryptocurrencies automatically with a good strategy or your bots, but if you are successful you can let other users use your same strategy and this will also bring you commissions for this use.

It is a promising platform although it is still in its infancy and will be improving in functionality and especially increasing its community over time. Another option with the same philosophy of social operation would be Krill.io although the use of this one is quite more complicated and requires more learning to manage its options. With our link you have a 30% discount for the first two weeks in the use of this platform: Make automatic trading KRILL with 30% discount 2 first weeks.

Zignaly is a powerful solution developed (although perhaps not as much as the previous two) thinking exclusively in the cryptocurrency market. The latter is one of the features that differentiates it from other automatic trading robots.

In addition to being able to connect with major exchanges for trading cryptos such as Binance, Bitmex, Poloniex, Kucoin and Bittrex, includes integration with the most prominent signal systems currently such as Mining Hamster Signals or Crypto Quality Signals with what robots will operate following the indications of these recognized signal providers in real time. However our results using signals has never been too good, so everyone make use of these services at your own risk.

But this is also one of its limitations. In comparison, it does not have as many options and strategies as the previous programs.

In short, this platform is responsible for receiving signal alerts and trade automatically with these alerts. This method nowadays usually gives better results than the programming of an automatic bot because behind these signal services there is a supervision of experienced investors who are responsible for filtering the data and alerts that are generated.

You can try Zignaly for free for a month, and its monthly fee is one of the cheapest in the market so it is quite easy to reach its profitability. In short, this platform is responsible for receiving signal alerts and automatically operate with these alerts. This method nowadays usually gives better results than the programming of an automatic bot because behind these signal services there is a supervision of experienced investors who are responsible for filtering the data and alerts that are generated.

You can try Zignaly for free for a month, and its monthly fee is one of the cheapest in the market so it is quite easy to reach its profitability. What are you waiting for to try it, you have it free for the first 30 days from this LINK, so there is nothing to lose!

AstreoBot

Astorbot is an automated cryptocurrency trading solution that works by trading for you on Binance, Bitfinex, Bittrex, KuCoin, HitBTC and Poloniex exchanges. For this purpose it uses technical indicators that allow you to make investment predictions such as Bollinger bands, Stochastic, RSI and MACD.

  • One of the advantages of this bot is that it does not have monthly fees but consists of a single payment in BTC so you will have the freedom to use it for life without monthly fees.
  • This, together with the current low price of bitcoin, makes it a very interesting option.
  • However, in our opinion it is not at the same level as other options mentioned above, so we recommend that you try other options first. Finally it is also important to note that they have native support in Spanish to resolve the doubts of users.

Gekko

Gekko is a free and Open Source bitcoin trading bot downloadable on the GitHub platform. Its software is open source and is constantly improved by its community of developers. Gekko requires some technical knowledge and some work to start working and give us results.

  • This bot is supported by all major crypto exchanges including Bitfinex, Poloniex , Binance and Bitstamp. Gekko is fully automated, although it is not the easiest software to use and install.
  • It is equipped with essential trading features including a web interface that monitors your data and trading strategies. In addition, the bot can run on verified data and visualize trading results.
  • The bot runs on all major operating systems including Windows, MacOS and Linux. The bot can update you on the go via email, Telegram and other platforms. However, Gekko is not a high-frequency trading bot and does not perform arbitrage trading.

Crypto PHP

It is one of the latest bots to appear and although it still has a somewhat limited and complicated graphical interface it is evolving and improving. It allows the use of external signals. On the less positive side, it is only compatible with Poloniex and Bittrex.

Crypto Trader

This is one of the first automatic bitcoin trading robots to appear on the market and has been overtaken by other options.

Primarily cloud-based, which means it does not have to be installed on computers, it allows access from anywhere with an internet connection and can be modified by the user. It allows users to create algorithmic trading modifications within minutes.

Crypto Trader comes equipped with a “strategic market” feature that allows users to trade strategies with each other. Other features include the backtesting tool that allows users to test their trading strategy against real market data as well as different market conditions. Crypto Trader is supported by major exchanges such as Coinbase, BTCe, Binance, Bitstamp, etc.

ProfitTrailer

Fixed price (no fees to pay). Good GUI user interface although somewhat unstable and complicated to install. Requires a lot of monitoring and attention. Fixed price of 0.03BTC (at the time of writing this article).