Are you looking for the best AI crypto trading bots that can help you make money in the cryptocurrency markets? With the rise of automated trading bots, it has never been easier to take advantage of market opportunities and make a profit.
Whether you’re a beginner or an experienced trader, these nine AI crypto bots offer a range of features to suit your needs.
From arbitrage across multiple exchanges to automated portfolio management and risk-free trades, read on to discover the best AI crypto trading bots of 2023!
What you'll learn 👉
9 Best AI Trading Bot In 2023
The potential of AI in the cryptocurrency space is huge.
From portfolio management to automated trading, there are now a wide range of AI crypto bots on the market for you to choose from.
If you’re looking to get started in 2023, we have rounded up 9 of the best AI crypto trading bots to take advantage of in this year.
But if we are honest, most of the SaaS platforms in and out of crypto are trying to ride the wave of AI hype and are adding AI in their descriptions and allegedly into their tools. It is still early to say if any of them are actually utilizing AI for anything more than small coding tasks or automations that were already present in these tools just done the other way.
Alphador.ai – comprehensive trading toolsuite
Alphador is an innovative platform offering a comprehensive suite of analytical and trading tools for cryptocurrencies. Whether you are a novice or experienced crypto trader, Alphador provides the tools to track, analyze, and maximize your profits.
- Offers wallet tracking tools like Wallet Analyzer, Wallet Lists, Transactions Feed, and Smart Wallets Detector to analyze trader history, organize tracked wallets, get transaction notifications, and find wallets buying before pumps.
The key features include robust wallet tracking, DEX trading bots, arbitrage scanners, price alerts, event tracking, and community engagement. Currently in beta, Alphador focuses on enabling smart money management through its powerful crypto trading and analytics platform.
CryptoHopper – AI made preprogrammed templates and strategies
CryptoHopper is a trading platform that allows investors to automate their trading processes, copy successful traders, and receive timely warnings. It is a cryptocurrency trading bot that integrates with several crypto exchanges and allows users to use market data and automatic bots called “Hoppers” to execute cryptocurrency trades.
Some of CryptoHopper’s main features are paper trading, market-making, a signal providers marketplace, Cryptohopper Pro Tools, Strategy Designer, and Social Copy Trading.
The CryptoHopper Strategy Designer is where users can create the strategies that CryptoHopper bots will use. Users can compile indicators, test their strategy, and sell them to other users. The CryptoHopper Marketplace allows users to buy and sell templates, signals, strategies, and copy bots to other users.
CryptoHopper has a free plan that comes with up to 20 open positions, basic portfolio management, and manual trading on its exchange via APIs. There are three paid plans available: Free, Explorer, Adventurer, and Hero, of which one offers a free trial. The cost ranges between $19 to $99 per month paid monthly or can be reduced if purchased annually.
One of the largest differences between each subscription tier is the number of positions provided. With a free account, users can enter 20 active positions on their accounts. With paid plans, users can open up to 500 positions. Cryptohopper does not require a minimum deposit amount for users to begin trading with bots. Instead, the minimum deposit amount is based on the exchange with which Cryptohopper is integrated.
✅ Some of the pros of CryptoHopper include creating strategy scanners using Cryptohopper’s copy-trading feature, place trades on behalf of investors using pre-configured instructions on 1,000+ digital assets, integrate with Binance and 15 other reputable centralized crypto trading exchanges, and browse a marketplace with tested crypto trading strategies and real traders to replicate.
❌ Some of the cons include the need for a thorough understanding of technical analysis, backtesting, and strategies, limited features on free and basic subscriptions, and expensive premium packages. Some users have reported that automated orders can be delayed, resulting in slippage.
Bitsgap – Best Bot That Uses AI For Crypto Arbitrage
Bitsgap is a cloud-based cryptocurrency trading platform that offers automated bots, real-time data, and access to multiple exchanges. It provides arbitrage opportunities on six exchanges, verified market signals, and pre-formulated action plans that have already undergone testing.
Additionally, it offers over 25 exchanges, making it easier to use than competitors. Bitsgap offers preset strategies that have been tested, market signals, and arbitrage opportunities. It offers a range of features, including automated bots, making trading easier and more efficient. However, its higher pricing may be a drawback for some users.
Bitsgap offers a subscription model with three tiers, each including a 7-day free trial. The Basic plan is $29 per month with a monthly trading limit of $25,000, two active trading bots (GRID), and 10 active DCA bots. The Advanced plan is $69 per month with arbitrage trading, five active trading bots, and a monthly trading limit of $100,000. The Pro plan is $149 per month with 20 active bots and an unlimited trading limit, priority support, and take profit for bots.
In summary, Bitsgap is a popular option for cryptocurrency trading, offering automated bots, market signals, and arbitrage opportunities. Its access to multiple exchanges makes it easier to use than competitors. Its higher pricing may be a drawback for some users, but its range of features make trading more efficient and easier.
Pionex – Best FREE AI Crypto Bot
Pionex is a centralized cryptocurrency trading platform that was established in 2019 and is headquartered in Singapore. It aggregates liquidity from top trading exchanges such as Binance and Huobi Global, allowing it to offer a wide range of assets for users to buy and sell on the spot market. Pionex is suitable for both beginners and intermediate investors.
Some of the advantages of using Pionex include competitive fees, access to 16 free trading bots, an all-in-one mobile app, and regulatory compliance with FinCEN in the United States.
Pionex also offers a maker-taker fee structure with 0.05% per transaction for makers and takers. Additionally, Pionex’s mobile app offers access to the same features as its desktop platform, including bot features and manual trading.
Pionex is one of the first exchanges to offer in-built trading bots for the cryptocurrency market. While the built-in trading bots simplify investment strategies, they are confined to a single strategy only, and there is no ability to import custom bots or indicators. Pionex has not experienced a security breach since its inception in 2019, and it is backed by major market players.
Pionex offers excellent customer support through its live chat help and email support. Its FAQ section also provides a wealth of information on various topics.
In summary, Pionex is a competitive centralized trading platform that provides access to a wide range of assets and features, including built-in trading bots and a comprehensive mobile app. While there are limitations to the trading bots and flexibility to customize them, Pionex offers a regulatory compliant and secure trading environment.
CoinRule – AI Bot That Runs Trading Recipes
Coinrule enables users to create their own automated trading rules or choose from around 200 pre-built strategies without needing coding skills. Coinrule is compatible with most top centralized exchanges, executing trades automatically when defined rules are met.
Suitable for both experienced and beginner traders, Coinrule offers a robust free account for paper trading, while intermediate investors can explore simple strategies like “Buy the Dip” as an alternative to dollar cost averaging.
Despite its decent range of exchanges and features, Coinrule’s limited coin support may not satisfy sophisticated investors. Coinrule allows for strategy customization, offers a free starter plan, and accepts payments via credit cards or cryptocurrencies, including BTC, ETH, LTC, USDC, and DAI.
Located in London, United Kingdom (UK), Coinrule helps users overcome common trading obstacles by employing powerful algorithms and trading bots, utilizing over 250 automated rules to potentially generate profits. However, the platform’s limited crypto exchange support and lack of a mobile app may hinder users from monitoring their automatic trading bots 24/7.
3Commas – Best overall crypto bot
3Commas is an online platform for automated cryptocurrency trading, suitable for beginners and experts. It supports over 18 major cryptocurrency exchanges and offers an extensive list of features for manual and automated trading. 3Commas has an intuitive user interface across all platforms and offers a trading academy and paper trading account for non-experts.
Pricing ranges from a free account to a Pro account at $99/month, with a 50% discount for annual payments.
The platform allows users to program their trading bot to execute buy and sell orders, with tools for market orders, short sells, stop loss and take profit orders, trailing orders, composite bots, and more. Users can also customize their own bots or follow the trading strategies of another user. The platform offers a free trial and supports payment methods such as debit cards, PayPal, and cryptocurrencies.
TradeSanta is an automated trading platform that allows traders to create their own trading bots. It offers a user-friendly platform with customizable interfaces, extra tools to maximize profits, and affordable pricing plans starting at $14/month.
TradeSanta offers a 3-day free trial and is suitable for beginners. However, it lacks some features compared to other similar platforms, such as available indicators and settings for more complex trading strategies, and has less security.
TradeSanta offers three pricing plans based on the number of bots a trader wants to deploy and other features. Traders can create a bot by selecting an exchange, a long or short strategy, a crypto pair, and fine-tuning the bot based on personal preferences and market conditions using the customizable interface. TradeSanta bots are equipped with technical indicators to enter trades at the best possible time.
Mizar is an all-in-one trading platform for cryptocurrencies that offers a suite of tools and bots to simplify trading. Mizar’s Smart Trading system allows users to manage multiple portfolios from different crypto exchanges from one central platform.
The platform also offers Copy Trading, Social Trading, Bot Trading, and Paper Trading for customers who want a more hands-off approach.
The platform provides technical analysis with TradingView charts and is non-custodial, allowing users to manage their portfolios on external exchanges from the Mizar platform. Mizar is subscription-free, but users pay fees based on trading volume or with profit sharing when copy-trading.
Mizar’s fees include a volume fee and a performance fee, depending on the user’s STAR level and realized profits per month when copy-trading. The $MZR coin plays an important role in Mizar, acting as a basic unit of account between traders on the platform and allowing users to reduce fees or pay fees on trades with tokens.
Mizar is suitable for both beginners and experienced traders, and it supports a wide range of digital assets, making it more accommodating to the majority of Mizar users’ needs.
After careful consideration and research, it is clear that AI crypto trading bots can greatly benefit investors looking to maximize their cryptocurrency trading. However, it is important for potential users to carefully evaluate and choose the platform that best suits their needs, whether that be a beginner-friendly copy trading feature or more advanced customizable scripts.
Among the top AI crypto trading bots, Cryptohopper stood out as the best overall option due to its AI-powered tools and wide range of features such as crypto signals, alerts, educational tools, and a bespoke crypto presale scoring system.
Another highly recommended and trusted platform is Bitsgap, which already has a large user base and a positive rating on TrustPilot. Ultimately, investors should carefully evaluate their options and choose the platform that best fits their needs and goals.
What are AI Crypto Trading Bots?
AI Crypto Trading Bots are automated trading programs that use artificial intelligence to analyze the crypto market and make trading decisions. These bots can be programmed with multiple strategies, such as technical indicators, experienced traders’ strategies, or even basic rules.
They use these strategies to identify potential trading opportunities and then execute trades on behalf of the user. AI Crypto Trading Bots also provide users with access to a wide range of crypto exchanges, cryptocurrency trading bots, advanced trading terminals, and more.
How do AI Crypto Trading Bots Work?
AI Crypto Trading Bots use complex algorithms and machine learning to analyze market data and identify potential trading opportunities.
They can be programmed with multiple strategies and parameters, such as technical indicators, experienced traders’ strategies, or basic rules. The bots then execute trades on behalf of the user based on their predetermined strategies.
AI Crypto Trading Bots are designed to eliminate the need for manual intervention by providing users with access to a wide range of crypto exchanges, cryptocurrency trading bots, advanced trading terminals, and more. With AI powered automated trading, users can benefit from increased accuracy and precision while eliminating the need for constant monitoring of their investments.
AI Crypto Trading Bots also provide users with real-time data analysis on market conditions allowing them to make better informed decisions when executing trades.
Are AI crypto trading bots worth it?
AI Crypto Trading Bots can be a great tool for active traders, but are they worth it? The answer ultimately depends on the individual trader’s needs and goals.
AI trading bots can provide users with increased accuracy and precision when executing trades, making them more likely to enjoy profitable trades.
They also offer access to a wide range of cryptocurrency exchanges, advanced trading terminals, and other features that make trading easier and more efficient. On the other hand, AI trading bots may not be suitable for all traders as there can be risks associated with their use.
Additionally, some AI trading bots charge fees for their services which should be factored into any decision about whether or not to use one. Ultimately, the decision of whether or not an AI crypto trading bot is worth it is up to each individual trader to decide based on their own circumstances and goals.
In the end, AI crypto trading bots can be a great tool for experienced traders looking to maximize their profits. But only you can decide if it is worth it. Ready to find out if these bots can make money? Stay tuned to find out!
Do AI crypto trading bots make money?
AI crypto trading bots can be useful tools for experienced traders looking to increase their profits. In the right hands, these bots can provide access to a wide range of cryptocurrency exchanges and advanced trading terminals that can make trading easier and more efficient.
However, it is important to remember that there is no guarantee of success, and past performance is not necessarily indicative of future results.
Additionally, some AI trading bots may charge fees for their services which should be factored into any decision about whether or not to use one. Ultimately, the decision of whether or not an AI crypto trading bot makes money depends on each individual trader’s needs and goals.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com