Crypto Trading Bots will help you make moves faster and more efficiently in the market.
Ever since Bitcoin was launched in 2009, the cryptocurrency bandwagon hasn’t stopped. This is not a cliché, but is true in a literal sense. Unlike traditional markets, the digital asset market has no holidays and does not discriminate on weekends. The wheel turns 24/7.
Its complete and global operation delivers opportunities at every moment. Day or night, there is a chance to make a good deal. However, even if the market does not stand still, one cannot only keep an eye on the charts. You must also rest, eat, enjoy your free time.
In order not to give such advantages in such a competitive market as cryptocurrencies, there are bots, which help novice and expert traders alike. Here are some interesting options.
What is a crypto trading bot?
Before the recommendations, let’s talk about what a crypto trading bot is and how it works.
A crypto trading bot is a robot that follows an algorithm, which studies market conditions, trends and indicators to make pre-programmed decisions. They are very useful for forecasting large rises or falls, as they have been in recent months. While there is no such thing as a sure bet, these machines tend to have a high success rate.
Being programmed with pre-programmed buy and sell signals, bots allow trades to be executed faster and more efficiently than with a manual trader, as they do not require the user to be active. If the market moves while you sleep, the bot will be working for you.
Bitsgap
One of the first options we have is Bitsgap, a trading platform created in 2017 that also offers: cryptocurrency trading, portfolio management and arbitrage opportunities.
The main feature of this platform is its provision of automated access to cryptocurrency trading. This platform offers access to more than 30 global crypto exchanges through a user-friendly interface, which simplifies access to different markets and trading pairs.
The platform offers its users a diverse range of trading bots which users can use to adopt a more passive approach to cryptocurrency trading.
“The different types of bots will follow unique patterns and approaches, allowing users to take advantage of a trading revenue stream,” Bitsgap notes.
Some of the Bots offered by Bitsgap are:
DCA Bot: This bot is designed to assist users during bullish, bearish and sideways market conditions. The trading tool offers multiple features, including more accurate entry and exit options, risk management options and more. Users can expect quick and regular results for those who maintain an active trading approach, although long-term holders can accumulate profits while waiting for better price momentum.
Grid Bot: Its purpose is to help users generate profits from small price fluctuations in either direction. It is an excellent tool for markets with sideways momentum, allowing users to implement a grid to follow the general trend automatically.
Combo Bot: is designed for those who prefer to deal with futures contracts rather than cryptoassets directly. The Combo Bot is a viable tool in both bull and bear markets and combines dollar cost averaging with grid-based algorithmic trading, which implies a more aggressive market approach, as the bot will execute trades on every viable market move.
Bitsgap has grown a lot in the last few years welcoming more than 18 million visitors and exceeding $300 billion in total trading volume so far. This platform is an excellent choice for those looking to automate their trading process and benefit from comprehensive portfolio management.
HaasOnline
The HaasOnline platform is one of the oldest in the market, having launched in 2014. That makes it one of the best known and chosen by the community. Over the years it has worked on constant improvements and enhancements.
It has its own programming language, called HaasScript, and allows users to customise each of the strategies to be carried out. There is the option to trade more than 16 bots with 50 technical indicators on its platform.
Using bots is not an easy programme, but it is not impossible either. For this reason, HaasOnline offers a tutorial to understand the platform. It is currently priced at 0.017 BTC for three months of consulting.
The platform supports renowned exchanges such as Binance, Bitstamp, Bittrex, Coinbase Pro, Gemini, Houbi, Kraken, KuCoin and OKEx. All exchanges can be found on their website.
Pionex
The Pionex platform is attractive from different points of view, but it has an important differential: it has 12 bots for free. It is compatible with the Binance and Huobi exchanges, from which the virtual wallet is loaded.
It has mobile apps for iOS and Android, and its trading fee is one of the lowest. It charges minimal commissions for trades made through its bots. The platform’s motto is “buy low and sell high”.
Its Smart Trade option allows users to set stop-losses, take profits and track trades. In addition, for the more specialised, there is a futures option for higher income.
CryptoHopper
Considered one of the best bots in the crypto market, CryptoHopper helps manage all crypto exchange accounts in one place. It works with BTC, Litecoin, Ethereum, among others, creating its own technical analysis.
At no cost, the platform protects data securely using protocols that are advertised as impossible to hack. It has real-time performance reporting and iOs and Android mobile app functionality. In addition, its service offers copy trading, which is to copy portfolios of other traders in order to develop your trading strategy.
Like all the recommended ones, it is compatible with the most important exchanges in the world. Among the long list are HitBTC, Okex, KuCoin, Kraken, Huobi, Coinbase Pro and Binance.
3Commas
Want to maximise your profits and reduce your margin losses in the volatile cryptocurrency market? 3commas presents itself as a solution through its robots, ranked as one of the best in the market.
Based on more than 20 trading indicators, these bots work to anticipate the movements of the crypto market. The platform, which operates 24 hours a day, 365 days a year, and is available for iOS and Android mobile apps. It costs $14.50 per month.
Binance, Bittrex, Bybit, Bitstamp, Coinbase Pro, Gate.io, Cex.io, Exam, Huobi Global, KuCoin, HitBTC, Kraken are some of the exchanges it supports.
CryptoTrader
Unlike other platforms, CryptoTrader has a lot of functionality and tools for testing without the need to install any software. Through trading strategies, it allows you to buy and sell at the right time thanks to the intelligence of its bots.
It has a personalised customer service, with both email and mobile SMS communication. Best of all? The service is free, with short commissions on the buying and selling of digital assets.
Coinbase, Binance, Bitstamp, Bitfinex, Poloniex, Kraken, Bittrex, OKCoin, Huobi are some of the exchanges the platform works with.
Gunbot
Gunbot is an advanced cryptocurrency trading automation software. It has different options: standard, pro and ultimate, each of them with a different cost. The platform, which operates in English and Spanish, accepts payments in Bitcoin, Ethereum, Litecoin and Dash.
“This software is able to execute professional trading strategies such as: Bollinger Bands, Emotionless, Emaspread, BBTA, ATRTS, ADX, Gain, Ichimoku, MACD, MACDH, Ping Pong, SMACROSS, Stepgain, TSA or TSSL. It also allows you to combine strategies, and even create completely customised trading strategies,” the site describes.
Gunbot has a community of over 7,000 active users and offers a personalised support service. It also has a group of programmers who are constantly working on improving the bot. It can execute up to 14 professional trading strategies.
The bot, developed by Binance, works with the world’s largest exchanges. Its list includes Bittrex, Bithumb, Bitmex, Bitfinex, Coinbase Pro, HitBTC, Huobi Global, OKEx, OKCoin, Bitstamp, KuCoin, Poloniex, Cex and Kraken, among others.
At Crypto Mercury we present different options for you to learn more about crypto trading. In your hands you have the possibility to make your finances even more profitable.
