Bots are computer programmes that run tasks with minimal human intervention. Cryptocurrency trading bots trade one or many coins on one or many 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 also gather big data about the crypto market in real-time through APIs. From there, they apply standardised trading strategies to the data to generate trading signals, which are metrics or conclusions that can be put into action.
The goal of the analysis is to project the future prices of cryptocurrencies like Bitcoin and others, so the accuracy of the forecast is of paramount importance. The better bot and crypto-bot trading sites like Bitcoin Up will be as prices are predicted more accurately.
Top-Rated Automated Cryptocurrency Trading Systems
Here is a rundown of the best crypto trading robots:
1. The Cryptohopper: The Best Trading Platform For Novices 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 sustain cryptocurrency exchanges.
2. Shrimpy: Best For Social Trading Or Copy Trading
In addition to being a trading platform, Shrimpy also serves as a portfolio management tool, allowing users to monitor their investments across multiple markets. There are 16 demands where your purchase 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.
In addition, you can engage in social trading on Shrimpy by watching the deals other users make. This is useful for inexperienced traders as well as individuals looking to earn commissions through social trading recommendations. By keeping tabs on the trades of others, you can see how they’ve diversified their holdings across different cryptos.
3. Pionex: Best For Both Novice 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 utilise them at no extra cost. Pionex’s automated trading bots can multiply your cryptocurrency profits by just 0.05% of the amount traded.
The Grid Trading Bot is one of its best-known programmes, and it suggests when to sell and when to buy. In contrast, the arbitrage bot uses the futures market provided by the Binance broker system to generate a profit for you every 8 hours.
4. TradeSanta: Best For Both Long And Short Trading
Even though the cloud-based crypto trading software TradeSanta is available around-the-clock, you do not have to be actively monitoring it to make a profit. You can connect it to various cryptocurrency exchanges like Binance, Huobi, and others, just like the rest of the bots on this list.
It’s crucial to think about the most useful features when choosing the ideal crypto trading bot. You should go for one that is more cost-effective, one that enables the backtesting of automated trading strategies, and most importantly, one that can accommodate multiple trading strategies and indicators with the help of this article.