Using robots that use artificial intelligence to trade cryptocurrency has become very popular. These robots can help traders by making decisions quickly and accurately, which is important because cryptocurrency markets change a lot. Traders who use these robots have a better chance of making money in this fast-paced market.
There are lots of different AI crypto trading bots out there, each with its own special features and algorithms. In this detailed look, we’ll break down the top ones that are getting attention in the crypto world. We’ll talk about how they work, how easy they are to use, and most importantly, how much money they can help you make. This article isn’t just a list of software; it’s a guide to help you understand how AI bots can help with your trading and to compare them so you can choose the best one for you.
Table of Contents
What is a Trading Bot?
A trading bot is like a smart program that can buy and sell things in someone’s online trading account automatically. It follows specific rules and signals to decide when to make a trade, so the person doesn’t have to do it themselves.
These bots can work with different kinds of things to trade, like stocks, cryptocurrencies, or currencies from different countries. Many big online trading platforms now allow people to use trading bots, usually by connecting them through special links or tools called webhooks or APIs.
The Contenders: Our Selection of AI Bots For Crypto Trading
Before we plunge into the features and benefits, here’s a snapshot of the top AI crypto trading bots we’ll be reviewing:
3Commas
3Commas is renowned for its trading terminal interface, which simultaneously provides access to a range of exchanges.
Pionex
Pionex specializes in grid trading bots, which automatically buy and sell to make profits.
GunBot
GunBot is an advanced trading bot that offers diverse strategies, such as Bollinger Bands, Gain, and Stepgain.
Octobot
Octobot focuses on arbitrage trading and offers real-time data from multiple exchanges.
Cryptohopper
Cryptohopper offers a broad range of pre-set trading strategies and allows users to create their own.
Dash 2 Trade
Dash 2 Trade focuses on high-frequency trading (HFT) and known for its performance tracking tools and risk management options.
ArbitrageScanner
ArbitrageScanner specializes in identifying arbitrage opportunities across multiple exchanges and executing trades accordingly.
HaasOnline
HaasOnline prides itself on its HaasScript, users can adjust bots in great detail to gain an edge, making even the smallest changes.
Kryll
Kryll is known for its drag-and-drop bot creation tool, making it accessible to traders without coding experience.
Zignaly
Zignaly uses crypto signals to automate trading on multiple cryptocurrency exchanges, coordinating directly with your existing accounts.
Learn2Trade
Learn2Trade is more than just an AI-powered crypto trading bot; it’s a Signals platform that supplies users with trading signals.
These bots are at the forefront of bridging AI with the crypto market, offering a spectrum of automation options, from simple portfolio management to complex, rule-based trading strategies.
3Commas
3Commas is renowned for its trading terminal interface which provides access to a range of exchanges simultaneously. Its Smart Trade feature aids in quick buying/selling decisions, while Stop Loss and Take Profit tools ensure risk management and gains protection.
Features
- Beginners can use preset settings on bots to make the same trades as experienced traders.
- Smart trading terminals let traders plan trades ahead of time.
- DCA, Grid, and Futures bots can carry out trading strategies on a large scale, even in unexpected situations.
- DCA Short bots allow you to borrow and sell tokens at the current price, aiming to buy them back when the price drops.
- DCA Long bots help you buy tokens when prices are low and sell them when prices rise, aiming for a better overall entry price.
- Grid bots help you buy tokens at lower prices when they hit support levels and sell them when they reach resistance levels.
- Smart Trade and Terminal features let you schedule trades based on specific triggers.
- You can connect signals to your bot and automatically copy the trades made by professional traders.
Pros and Cons
Pionex
Pionex specializes in grid trading bots, which automatically buy and sell to make profits within a set high and low price boundary. Their system, which offers low spreads and a high liquidity pool, is powered by finance.
Features
- Pionex offers 16 free trading bots and allows up to 100x leverage.
- Trades within a price range automatically, buying low and selling high.
- Buys more when prices drop, reducing average cost.
- Helps manage multiple coin investments for potential growth.
- Trading fees are low, just 0.05% for both makers and takers, which is less than many other exchanges.
- You can link any TradingView strategy with Pionex Signal Bot.
- You can use ChatGPT with PionexGPT to create trading strategies without needing to know how to code.
Pros and Cons
GunBot
GunBot is an advanced trading bot that offers diverse strategies, such as Bollinger Bands, Gain, and Stepgain. It also allows users to run multiple instances of the software on different markets.
Features
- Advanced trading platform with customizable strategies.
- Partnerships with major crypto exchanges like Binance, Kucoin, and Crypto.com.
- Access to multiple DeFi ecosystems and thousands of crypto pairs.
- Quick creation of custom strategies for advanced traders using Gunbot AI.
- Offers “Plug & Play” strategies for beginners to boost investment returns.
- Utilizes arbitrage and market-making techniques for liquidity.
- Standard Trading Edition priced at $199 with lifetime access.
- Connects to one exchange and offers unlimited trading pairs.
- Gunbot Ultimate Edition priced at $499.
- Grants access to unlimited exchanges via a mobile app.
- Includes integration with DeFi tools.
Pros and Cons
Learn More: 8 Best AI Bots For Stock Trading
Octobot
Octobot focuses on arbitrage trading and offers real-time data from multiple exchanges. It supports signals from Trading View to execute trades based on technical analysis.
Features
- Buys regularly to save money when prices drop.
- Lets advanced users make their own bots.
- Uses ChatGPT’s smarts to help with trading.
- Check ChatGPT’s market thoughts on the website and get alerts for changes.
- Automated execution of trading signals from TradingView.
- Live arbitrage opportunities across multiple exchanges.
Pros and Cons
Cryptohopper
Cryptohopper offers a broad range of pre-set trading strategies and allows users to create their own. It includes a marketplace for buying and selling strategies, and signals from Trading View are integrated.
Features
- Does many things like copying trades, social trading, and managing portfolios.
- Trades big ones like Bitcoin, Ethereum, and Litecoin, plus many others across 9 exchanges.
- Lets you make and test your own bots without paying.
- Takes out human feelings from trading, using technical rules and set strategies.
- Offers tools like testing bots, saving setups, and using special signs to help with trades.
- Easy-to-use website where you can set up and run your trades.
- Bots can trade all the time without needing you there.
Pros and Cons
Dash 2 Trade
Dash 2 Trade focuses on high-frequency trading (HFT) and scalping, and is known for its performance tracking tools and risk management options.
Features
- Dash2Trade is bringing out a new tool that lets traders make their own bots with their own strategies.
- Traders can test and make these bots better and control how they trade.
- The platform uses AI to look at social media and technical stuff to find new cryptocurrencies and trends.
- It gives signals if things look good or bad over different times.
- You can try a basic version for free, or pay $102 a year for everything.
- Unlike other places, you don’t pay extra fees for using Dash2Trade’s bots.
Pros and Cons
ArbitrageScanner
ArbitrageScanner specializes in identifying arbitrage opportunities across multiple exchanges and executing trades accordingly. Their system compiles order book data and matches it against various market conditions to find profitable trades.
Features
- Compatible with over 75 decentralized and centralized exchanges, both international and local in each country.
- Manual bot operates without requiring API requests, ensuring the safety of your funds.
- Free training and numerous real-life examples are included with the bot upon purchase.
- Access to a private community where members share insights and knowledge about the market.
- Expert plan offers a personal mentor who will set up the bot for you and address any inquiries you may have.
Pros and Cons
HaasOnline
HaasOnline prides itself on its HaasScript, users can adjust bots in great detail to gain an edge, making even the smallest changes. Plus, the platform executes trades quickly and works with over a hundred cryptocurrencies.
Features
- High customizability with HaasScript.
- Dedicated marketplace and backtesting engine.
- Regular updates and new features.
- Mobile app for tracking profits and losses on the go.
Pros and Cons
Kryll
Kryll is known for its drag-and-drop bot creation tool, making it accessible to traders without coding experience. The platform emphasizes community sharing, with a marketplace for strategies.
Features
- Large marketplace for AI trading bots.
- Hundreds of user-created bots available.
- Offers a variety of crypto day trading strategies.
- Claimed success rate of 75% beating the market.
- Top strategies show returns exceeding 100% per year.
- Users can copy, modify, or create their own strategies.
- No-code strategy editor provided for customization.
- Supports numerous technical indicators and metrics.
- Allows automatic execution on major crypto exchanges.
- Subscriptions purchased per bot with a small trading fee.
- Ideal for traders who use many exchanges.
- Both beginners and experienced traders can use the AI trading bot.
Pros and Cons
Zignaly
Zignaly uses crypto signals to automate trading on multiple cryptocurrency exchanges, coordinating directly with your existing accounts. Traders can also follow the performance of the best crypto signal providers and copy their trades.
Features
- Supports various exchanges with more being added
- Strong and safe copy trade platform.
- Doesn’t store crypto assets.
- No details provided on the trade bot site.
Pros and Cons
Learn2Trade
Learn2Trade is more than just an AI-powered crypto trading bot; it’s a Signals platform that supplies users with trading signals to educate and assist in decision making. Users can opt for automated trades or manually execute based on the signals provided.
Features
- Automated trading execution.
- Additional educational content and materials for learning.
- Diverse range of cryptocurrency pairs.
Pros and Cons
Benefits of AI Crypto Trading Bots
These AI trading bots go beyond just making trading easier; they incorporate advanced mathematical models meant to respond quickly to market changes, execute trades accurately, and, most importantly, eliminate emotional decisions from trading. They claim to monitor the crypto market around the clock, something human traders can’t do without getting exhausted. While choosing to use an AI bot for crypto trading is a personal decision that depends on a trader’s risk tolerance and investment objectives, the advantages they offer are clear.
How to pick the best AI crypto trading bot?
To choose the best AI crypto trading bot, it depends on what you prefer and what you need. Some people might like certain bots more than others. If you’re new to trading, a simple bot might be best for you. The most important thing is that the bot gives good customer service.
Conclusion
To wrap it up, AI-powered crypto trading bots offer various features, each serving different needs. Making the most of them involves not just picking the right tool, but also using it effectively in your trading strategy. Understanding how these platforms work and testing them rigorously can help traders gain an edge in the crypto market.
FAQs
What are the main advantages of using AI crypto trading bots?
The primary advantages are their ability to execute trades faster than humans, their lack of emotional involvement leading to more disciplined trading, and their capacity to run complex trading strategies 24/7.
Can I make profits using these bots, and how much can I expect to earn?
Profitability depends on various factors, including market conditions, the bot’s strategy, and proper risk management. While bots can certainly help traders make profits, it’s crucial to set realistic expectations and to thoroughly understand the parameters and strategy the bot is following.
Are there any risks associated with using AI crypto trading bots?
Yes, there are risks, just like with any aspect of trading. Bots can malfunction, and past performance doesn’t always predict future outcomes. It’s important to thoroughly research a bot’s history and seek reputable providers. Additionally, traders should be cautious about over-relying on automation and consider the human element in their trading strategy.
How do I choose the right AI crypto trading bot for myself?
When selecting a trading bot, factors to consider include the bot’s track record, the range of supported exchanges, the availability of customer support, and the alignment of the bot’s strategy with your trading objectives and risk tolerance.
