Bots are computer programs that perform tasks with minimal human intervention. Cryptocurrency trading bots trade one or more coins on one or more platforms for the owner or user. In addition to trading cryptocurrencies, today’s bots are built on AI, machine learning and other intelligent technologies, so they can gather massive data about the crypto market in real time through APIs. From there, they apply standardized trading strategies to the data to generate trading signals, which can be metrics or conclusions that can be acted upon.
The goal of the analysis is to plan the future prices of cryptocurrencies such as Bitcoin and others, so the accuracy of the forecast is very important. Better bot and crypto-bot trading sites like Bitcoin Up will predict prices more accurately.
Top rated automated cryptocurrency trading systems
Here is a list of the best crypto trading robots:
1. Cryptohopper: The best trading platform for beginners and experts
With the help of external signals, users of the cloud-based crypto trading bot Cryptohopper can make informed trades based on predetermined algorithms. KuCoin, Coinbase, OKEX, Binance, Huobi and others maintain cryptocurrency exchanges.
2. Shrimpy: Great for social trading or copywriting
In addition to being a trading platform, Shrimpy also serves as a portfolio management tool that allows users to track their investments across multiple markets. There are 16 interests through which your purchases can be managed and traded. Crypto trading bots and automated trading are both supported on the platform with the help of various indicators and trading strategies.
Additionally, you can engage in social commerce on Shrimpy by viewing the deals that other users are making. This is useful for inexperienced traders as well as individuals who want to earn commissions through social trading tips. By tracking other people’s trades, you can see how their holdings vary across different cryptos.
3. Pionex: Best for both beginners and seasoned investors
As far as automated trading platforms go, Pionex is far and away the best option. Since Pionex already has 16 pre-installed trading bots, you can use them at no extra cost. Pionex automated trading bots can multiply your cryptocurrency profit by just 0.05% of the traded amount.
Grid Trading Bot is one of the most popular programs that will tell you when to sell and when to buy. On the other hand, the Arbitrage bot uses the futures market provided by the Binance brokerage system, which makes you a profit every 8 hours.
4. TradeSanta: Best for both long and short trading
Although the cloud-based crypto trading software Tradesanta is available around the clock, you don’t need to be vigilant to make a profit. Just like the other bots on this list, you can connect to various cryptocurrency exchanges like Binance, Huobi, and others.
When choosing a suitable crypto trading bot, it is important to think about the most useful features. You should go for one that is more cost-effective, allows you to backtest automated trading strategies, and most importantly, can handle multiple trading strategies and indicators with the help of this article.