The world of cryptocurrency requires precision and good decision-making skills without any emotion, and luckily for you, the best crypto trading bots, like MEXC and TradeSanta, are here to take the work and emotion out of crypto trading.
In this article, we’ve rounded up 10 of the best crypto trading bots based on a rigorous analysis of factors such as security, user-friendliness, success rates, and much more.
Key takeaways:
- The best crypto bots include MEXC, Pionex, Cryptohopper, 3commas, Coin Rule, Shrimpy, TradeSanta, Gunbot, HaasOnline, and Trality.
- A good bot is one that’s secure, well-priced, and easy to navigate with support learning material.
- Your bot choice will depend on your strategy, experience level, and goals.
List of the Best Crypto Trading Bots
The internet does not fall short when it comes to trading crypto trading bots, but we narrowed them down to the list of the 10 best crypto trading bots in the industry. Here they are:
- Pionex: The best overall crypto exchange for trading bots
- MEXC: The most profitable crypto trading bot
- Cryptohopper: Best crypto trading bot for beginners
- 3commas: Best altcoin trading bot
- Coinrule: Best Bitcoin day trading bot
- Shrimpy: Best social trading bot
- TradeSanta: The most innovative trade bot
- Gunbot: Best Bitcoin trading bot
- HaasOnline: Best automated crypto trading bot
- Trality: Best AI crypto trading bot
The 10 Best Crypto Trading Bots: Review
1. Pionex
Pionex is the ultimate platform for traders who want to maximize their profits with minimal effort. This crypto exchange stands out in the competitive crypto market by providing over 16 free built-in trading bots that cater to both novice traders and seasoned professionals. These bots operate 24/7, ensuring you never miss a trading opportunity, even when you sleep. Among its most popular bots are the Grid Trading Bot, which excels at buying low and selling high within a predefined price range, and the DCA (Dollar-Cost Averaging) Bot, ideal for reducing the impact of market volatility by investing steadily over time.
One of the significant advantages of Pionex is its user-friendly interface, which makes setting up and managing your bots a breeze, even without any prior coding knowledge. The platform’s low trading fees, only 0.05% per transaction, make it an economical choice for traders of all levels, ensuring that more of your profits stay in your pocket. Furthermore, Pionex’s robust security measures, including two-factor authentication (2FA) and regular security audits, provide peace of mind by safeguarding your assets.
In addition to these impressive features, Pionex brings a new level of innovation and reliability to the American crypto trading scene by launching the Pionex U.S. As the U.S. branch of Pionex, it also offers the same exceptional suite of 11 free trading bots and reasonable trading fees. Also, Pionex U.S aggregates liquidity from major exchanges like Binance and Huobi, ensuring you get the best prices with minimal slippage.
With the combination of innovative trading tools, low fees, robust security, and availability in the U.S makes Pionex a standout choice for U.S. and global traders looking to maximize their crypto trading potential and stay ahead in the competitive market.
Pros of Pionex
- Offered various crypto trading bots ( Up to 16 bots for global and 11 trading bots for U.S users), especially the Bitcoin AI bot, which is a viral mining machine for earning Bitcoin
- Reasonable 0.05% trading fees
- Available in 47 U.S. States. Compliant with Federal and State laws and regulations
- Reliable customer support (support 24/7)
- Their trading bots can help you buy low and sell high automatically (24/7)
Cons
- Does not offer demo accounts
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2. MEXC
MEXC uses words such as ‘revolutionary’ and ‘cutting edge’ to describe its bot. After much research, we agree that it’s the best crypto auto trading bot.
The platform houses several bots, including the GRID Bot, Dollar Cost Averaging (DCA) bot, Signal bot, and the unique QFL bot. For a seamless experience, customer support is available and responsive 24/7 in case of any hiccups.
One notable MEXC feature is its advanced charting tools and technical analysis indicators. These tools empower users to conduct in-depth analysis, spot trends, and make informed trading decisions.
Whether customizing charts, setting up alerts, or accessing real-time market data, MEXC offers a robust suite of analytical tools to help you in the decision-making process.
In terms of pricing, the most you can spend at MEXC is approximately $60 for the premium plan.
Pros of MEXC Trading Bots
- Relies on real-time data
- User-friendly interface
- Well-priced plans
- 24/7 support
Cons of MEXC Trading Bots
- Moderately advanced tools
3. Cryptohopper
Cryptohopper is an innovative cloud-based platform that welcomes crypto traders of all experience levels. To get you started, you’ll have access to the exclusive Cryptohopper Academy that features tutorials on the bot.
And for more experienced traders, over 130 technical indicators, such as Bollinger Bands and Stoch, are also available for you to make sound trading decisions.
Suppose you’re looking to get your hands off the trading process and leave the work to the bots. In that case, you can access numerous purchasable and verified trading strategies.
Alternatively, you can also customize your bot by using some of the following tools:
The Cryptohopper marketplace
Cryptohopper truly understands the importance of community, and thus, through the marketplace, you’ll have access to numerous pre-built bots from some of the most successful traders.
By tapping into the Cryptohopper marketplace, you can access 5-star bots that other users have rated, gain insight on how to build better bots, or eventually take the work of creating a bot off your hands altogether.
Pre-Live testing
The pre-live testing feature is a tool that allows you to test a trading strategy before releasing it into the wild. In this way, you can weigh its functionality against the market’s volatility and determine whether it’s safe to use in trading.
Here’s a breakdown of Cryptohopper’s well-curated pricing plan:
Pros of Cryptohopper Trading Bots
- Relatively easy to use
- Effective support
- Availability of a paper trading accounts for strategy testing
- Compatible with numerous exchanges
Cons of Cryptohopper Trading Bots
- Somewhat pricey
4. 3commas
Once you get the lay of the land in the crypto world with a few months to years of trading under your belt, you should definitely consider 3commas, a platform for the pros in bot use.
But that’s not to say that you can’t use the platform if you’re new to the industry as 3commas has tons of videos and tutorials that can help you overcome the steep learning curve.
At 3commas, you also get access to up to 23 exchanges, including popular names like Binance, Bybit, Huobi, Kucoin, Coinbase, Cex.io and so much more.
Related: Bybit vs Kucoin: Exchange Leverage, Fees, Pros & Cons
So far, the platform hosts a whopping 21 trading bots that are backed by incredible features such as the following:
Automated trading
3commas has 3 main types of bots: Gordon bots, DCA bots, and Grid bots, all of which can trade on your behalf by using a trading strategy or preset rules. This feature is only available for advanced and pro plan users.
Portfolio management
With 3commas, you can create a portfolio of multiple coins and manage your coin ratios. Since the portfolio allows you to access information on other users’ returns, you can also copy coin ratios from more experienced and successful crypto traders.
Smart trading
The Smart trading feature allows the creation of multiple orders at once, especially in cases of high volatility and for users who like passive trading. At once, you can set floating orders, stop-loss orders, take-profit orders, and so much more to reduce losses.
When it comes to pricing, the platform offers a variety of plans ranging from $0 to $99 per month.
Here’s a simple breakdown of the different plans:
| Price | Exchanges | |
| Free | $0 forever | 1 |
| Starter | $29 per month | 5 |
| Advanced | $49 per month | 10 |
| Pro | $99 | Unlimited |
Note that the above prices are for monthly and annual payments are cheaper.
Pros of 3commas Trading Bots
- A free trial period is available
- Numerous tools, such as portfolio management, trade automation, and many more
- Numerous bot presets from experienced traders
- Customizable bots
Cons of 3commas Trading Bots
- Relatively pricey
5. Coinrule
Coinrule is another beginning’s paradise as it takes you back to the basics of bot customization thanks to their ‘if/then‘ feature that’s easy to use even without a background in coding.
Coinrule is one of the best demo options in the industry. It allows users to create bots and test them on demo exchanges that mirror the actual market conditions, making it a great predictor of the bot’s effectiveness.
Moreover, the demo feature also comes with virtual funding,10 BTC and $10,000 USDT, which is more than enough to test your trading strategy.
As if that’s not enough, there’s no limit to the number of times you can test your bot, an extremely rare perk in the crypto bot world.
One of the greatest attributes of Coinrule has to be its connection to Binance, which is one of the most trusted crypto exchanges, so you can be sure that your bot will function in the most up-to-date markets.
It’s important to note that slippage is not taken into account when using the demo feature, and this may affect the outcome of your strategy in the real markets, especially when dealing with coins that have low liquidity.
New to the trading bot? Not to worry! You’ll have access to an unlimited number of trading templates that have been rated, so you can always choose from a list of highly-rated templates based on your investment style.
In terms of exchanges, Coinrule only partners with top crypto exchanges, such as BitPanda, Binance, Coinbase, OKX, Kraken, and Kucoin. This ensures you have access to seamless trading environments and market opportunities.
Finally, the platform’s diverse pricing plan is one of the most flexible, starting with a free plan, followed by the Hobbyist plan, which costs $29.99 per month, the Trader plan, which goes for $59.99 monthly, and finally, the Pro plan, which costs $499.99 per month.
For enterprises, there’s also an exclusive Business plan whose information is made available on request via email.
Pros of Coinrule Trading Bots
- Mobile app available
- Responsive customer support via email
- Great educational resources
- Well-packed free plan
Cons
- Slippage is not considered in the demo.
6. Shrimpy
Since its launch in 2018, Shrimpy has become popular as a social trading and portfolio management platform, especially for newcomers in the crypto bot creation space.
However, despite the platform’s array of features, such as indexing and backtesting, most people run to Shrimpy for its rebalancing capabilities.
Rebalancing is the process of adjusting the allocation of different cryptocurrencies to maintain a predetermined mix, which is done automatically by a bot at Shrimpy. To clarify, say you want your portfolio to be made of 50% Bitcoin(BTC) and 50% Ethereum (ETH).
In the beginning, this will be the case. However, with market volatility, the price of, say, ETH may increase over time. The coin will become more than 50% of your portfolio, while BTC occupies less than 50%.
When this happens, Shrimpy’s bot will use some of the extra ETH to purchase BTC and bring its proportion back to 50%, while the high ETH also drops back to 50%, thereby ‘rebalancing’ your portfolio.
Shrimpy’s social trading feature also makes it easy to reach for most beginner traders, as you can manually or even automatically follow in the footsteps of more experienced traders.
For tech-savvy individuals, Shrimpy also has you covered with APIs that enable the creation of trading bots and tools that enhance the management of accounts across multiple exchanges.
In terms of pricing, there’s a free, standard, and + plus option that costs $0, $19 per month, and $49 per month, respectively, which is generally reasonable.
Pros of Shrimpy Trading Bots
- Useful pre-launch bot-testing features
- Free demo accounts
- Copy trading feature that’s ideal for beginners
- User-friendly interface
Cons of Shrimpy Trading Bots
- No app available yet
7. TradeSanta
TradeSanta is an innovative cloud-based platform that houses crypto bots that are not only supported by complex algorithms but are also backed by deep learning and machine learning technology that takes your trading strategies to the next level.
Risk management strategies are also available to prevent losses. For instance, you might encounter the one-cancels-the-other (OCO) order that automatically closes an order when the coin prices take a sudden opposite move than the initially predicted one.
Here’s a look at the pricing plans on TradeSanta:
TradeSanta supports the following exchanges by use of API keys:
- Binance
- Coinbase Pro
- Binance Futures
- OKX
- Huobi
- HitBTC
- BinanceUS
- Upbit
Pros of TradeSanta Trading Bots
- Fair monthly fees
- Demo bot
- Simple and intuitive interface
- Great mobile app
Cons of TradeSanta Trading Bots
- Short trial period
8. Gunbot
Like any bot worth its salt, Gunbot has partnerships with over 60 of the most trusted exchanges, including HitBTC, Kraken, KuCoin, OKX, Bitget, Huobi, and many more. Gunbot developers definitely haven’t held back regarding features and tools to provide an array of well over 150 features and tools.
Regarding pricing, Gunbot operates differently as the platform only asks for a one-time, lifetime fee.
The lifetime fee is available in 3 main plans, including:
- GunBot standard: costs $14.5 per month and allows trading on 1 exchange
- GunBot Pro: costs $19.5 and enables trading on 3 exchanges
- GunBot Ultimate: goes for $29.5 and permits trading on 5 exchanges simultaneously
- Diamond pack: costs 0.1 BTC and comes with all the GunBot Pro features plus, premium support and much more.
Additional plans also allow you to get special add-ons, including the TradingView Add-on, Backtesting Add-on, and many more.
It’s essential to note that GunBot’s plans are only purchasable from resellers and using BTC, Litecoin (LTC), DASH, and Ethereum (ETH). Additionally, to avoid platform overcrowding, only a limited number of lifetime licenses are provided within a specific period.
Pros of Gunbot Trading Bots
- Amazing trading community
- Hundreds of exchanges
- Supports multiple operating systems
- Great bot customization capabilities
Cons of Gunbot Trading Bots
- Available on desktop computers only
9. HaasOnline
HaasOnline boasts over 12 bots that run on both well-known and unique strategies. You’ll hear about unique bots such as the Scaler bot, Market-making bot, and an Accumulation bot that can conceal your actual position when trading.
And with features such as backtesting and Indexing your chosen bot is a powerful tool for optimizing your trading strategy.
Through backtesting, you can evaluate your chosen bot’s performance using historical data and gain insight into how it would have performed in various market conditions. This allows you to refine and fine-tune your strategy before deploying it in real-time trading.
For greater availability, HaasOnline has invested in a cloud service that allows all bot users to utilize exceptional tools on the go.
Payments on HaasOnline are generally reasonable, ranging from $9 to $99, with regular discounts being provided throughout the year.
Pros of HaasOnline Trading Bots
- Robust collection of tools and features
- Good number of bots to choose from
- Allows for social trading
- Quick customer support
Cons of HaasOnline Trading Bots
- Lack of trial options
10. Trality
If you’re a pro at Python, then Trality was created just for you. The platform houses some of the most complex APIs that function in the background of AI to ensure predictable and reliable trading outcomes.
If you need more than that, you’ll find a hub of experienced creators and traders in the bot marketplace who can help you create advanced bots and strategies that hundreds of users have tried and tested.
Want to monitor your bot on the go? That’s fine. Just download the well-developed and responsive Trality app on your Android or iOS device and you’re good to go.
Also, pricing is great at Trality with a robust free plan, which is followed by the Knight, Rook, and Queen plans that cost a maximum of $59.99.
Pros of Trality Trading Bots
- Numerous advanced features
- Backed by AI
- Well-designed and intuitive interface
- Free package
Cons of Trality Trading Bots
- Few crypto exchanges
What Are Crypto Trading Bots?
Crypto trading bots are special programs that can execute trades on behalf of users based on a set of predetermined rules.
However, what makes bots excellent tools is their ability to connect to different exchanges, monitor markets, and make trading decisions that are backed by specialized crypto trading tools.
For instance, say you’d like to purchase a coin at a low price, and you’ve decided to buy when the price drops from $100 to $97. Some cryptos could take days to drop, and that’s where the bot comes in. It can monitor the coin, day and night, and, with added features such as candlestick analysis, predict.
Features to Look for the Best Crypto Trading Bots
Here’s an in-depth look into features we believe are essential when it comes to selecting a crypto trading bot:
Pricing of a crypto trading bot
Most cryptocurrency trading bots have free versions, allowing you to test basic features before committing. Once you’re ready to subscribe to a plan, you’ll notice that bots require significant financial investment.
Most bots will cost you about $30 to $99 per month, depending on added features such as technical analysis, portfolio management, and larger trade volumes.
If you settle on a platform that allows for social trading you may need to budget for customized bot and strategy templates.
Also, it’s important to note that pricing should not be used as the sole indicator of a bot’s prowess. Sometimes, even the relatively cheap bot is better than the $300 bot in some aspects.
Social Trading Integrations
Suppose you’re new to the crypto bot trading scene. In that case, looking for a community of like-minded and more experienced traders to learn from and emulate is best.
However, it’s not enough to have just any community, look for social trading platforms where the top traders are verified and rated by other traders.
Support & Tutorials
A bot can only be as good as its creator, therefore, no matter your level of experience in crypto trading, always choose a platform that hosts a library of tutorials to guide you on bot creation and customization. Bonus points if the resource library contains tutorials in video and audio format.
Responsive and helpful customer support should be non-negotiable in all things crypto. Bots may fail, you may find it challenging to link an exchange to a bot, and much more.
In such instances, you need to be sure that you can get support through the night and day and resolve the issue quickly so that your bot gets back to work. The more the customer support options the better.
Security
More than anything, always choose the platform with a robust security system. You not only need to worry about protecting your assets but also trading in an environment that doesn’t experience frequent downtime due to security breaches.
At the very least, a bot should be secured using two-factor authentication and encryption. The best crypto trading bot platform also has risk management strategies in place to protect traders from excessive losses, especially in automated trading.
Top Popular Crypto Trading Bot Strategies
By now, you’ve probably seen that there’s a staggering number of best crypto trading bots. However, a bot’s effectiveness hinges on its strategy more than anything else.
Here are the crypto trading strategies that are most likely behind your favorite bot’s performance:
GRID Bot
At the most basic level, when trading in crypto the most essential elements for any trader are the current coin price, your desired buying price, and your selling price.
If you draw lines to demarcate the buying and selling prices, you will end up with an imaginary grid that you can further subdivide with more lines.
Each line on the grid represents a potential buy or sell order for the GRID bot.
So for instance, say you’d like to execute buying orders at intervals of $10. You simply need to set the bot’s upper and lower limits, and the bot will make the trades for you, thus eliminating the need to sit and watch the markets for an extended period constantly.
Arbitrage bots
Arbitrage bots are the best Bitcoin day trading bots as they can connect to multiple exchanges and take advantage of small price differences between them.
So, say you buy BTC at $500 on exchange X, you might find that exchange Y is selling the same coin at $500.25, representing the perfect opportunity to sell.
Do that multiple times over a long period, and eventually, you’ll amass significant returns.
But how easy can a human scour through 10 exchanges to find such minute price differences? That’s where Arbitrage bots have the upper hand as they can perform such analysis in seconds and make trades in even shorter time frames.
Martingale Trading Bot
For those who are more into high-risk trading strategies that come with potentially high returns, Martingale trading bots are your best fit.
They come to work in bear market conditions by simply doubling your position every time the coin price drops by a certain margin.
The principle behind such bots is the assumption that a coin will increase in value at some point and that you’ll get your investment back with profit.
The Martingale bot is only ideal in highly volatile markets where you’re certain that eventually, prices will go up.
Conclusion
There are hundreds of crypto trading bots popping up and dying out over the internet. However, according to industry reviews, the best crypto trading bots are MEXC, Pionex, 3commas, and TradeSanta.
Even though crypto trading bots are well-loved because they allow you to step away from the market and let the software do the work, monitoring the bot’s performance regularly is essential to prevent unwanted losses.
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FAQs
What is the best crypto trading bot?
MEXC is the best crypto trading bot. Their state-of-the-art crypto bots work round the clock, rely on real-time data due to the platform’s excellent connectivity, and feature excellent backtesting capabilities for that added level of surety.
Not to mention that MEXC is one of the most reliable exchanges in the market.
Are trading bots good for crypto?
Trading bots are good for crypto traders. Finding the right time to buy, sell, or hold crypto can be a challenging task, especially for beginners.
However, even decade-old traders still rely on complex analysis results to make such decisions. Bots have been able to step in and do most of the thinking for crypto traders.
Are trading bots really profitable?
Like everything else in crypto, especially in day trading, profits can never really be guaranteed.
However, it’s safe to say that trading bots can be far more profitable than human traders, especially if a reliable and well-researched strategy backs them, has undergone rigorous backtesting, and relies on good technical analysis and trading signals.
Bots are not plug-and-play tools. Therefore, you also need to equip yourself with sufficient knowledge of bots and crypto trading in general.
How much do crypto trading bots cost?
Most crypto trading bots are free at their most basic level. However, most advanced features, like higher trading volumes and specialized tools, are locked behind paywalls that cost from as low as $9 to as high as $499.99, depending on the bot.
What is the success rate of bots in crypto?
A crypto trading bot’s success rate mostly depends on the creator’s customization skills, the strategy behind the bot, and, ultimately, the market conditions.
For bots that use high-risk automated trading strategies like Martingale, success rates may vary from as low as 0% to as high as 70%, depending on whether prices are dropping.
