Best Altcoin Trading Bots – Automated Crypto Trading Software List

Trading bots are automated tools used by many cryptocurrency traders to execute trades faster and more efficiently. This is a comprehensive crypto trading bots review where we examine all pros & cons of the top 15 automated trading platforms on the market.

Cryptocurrency trading isn’t easy, and it is very time-consuming. Luckily, any repeatable action that depends on pattern reading (trading :wink wink) is a candidate for automation.

Crypto trading bot review – What are Trading Bots?

Trading bots are software programs that connect to an exchange (usually via API protocol) and make trades on behalf of the users. They work using a variety of trading indicators and strategies. Since trading is all about mathematics and fast complex probability calculations, bots should be better at trading than humans.

Most of the more advanced bots can be customized to execute your own trading strategy, so they are great if you know what you are doing.

Traditional markets also have algorithms and bots that are, however, not accessible to regular mortals as they are super complex and cost a fortune.

That is not the case in cryptocurrency markets, as you will see and read below.

Best Crypto Bots 2023 (Bitcoin and Altcoin Trading Bots)

This article is very long, and if you need a quick solution and recommendation, these three trading bots have proven to be on top of the game when it comes to automated trading.

Binance US
Coinbase Pro
Binance US
Coinbase Pro
Coinbase Pro
Liquid + 10 other
Price Fromfrom $19 Monthfree/$449 per Monthfrom $19 per Month
External SignalsYesYesYes

Below is a tabular overview of all notable altcoin trading bots on the market, most of them are described in more detail in the second part of the article.

NamePriceSupported Exchanges
ArbitrageScanner$69 to $399 per month75+
PIonexFREEIt is exchange itself (liquidity from Binance & Huobi)
Cryptohopper$19 to $99 per month12
Coinrulefree to $449 per month11
Bitsgap$19 to $109 per month25
Kucoin botFREEIt is exchange itself
Wunderbitfree to $44.9512
Trade Santa Free to $100/month 4
TrialityFree to €59.99/month 4
Shrimpy$19 to $300/month14
Quadencyfree to $49 per month12
CryptXFree to $74/month10+
Gunbot$260 to $1,961 one-time10
Haasbot$475 to $1,360 per year7
Gekko Free 7
Autonio$50 per month2
3Commas $30 to $100 per month 23 (only 9 support automated trading)
CryptoTrader $16.50 to $199 per month 9

We will shift right into the high gear and talk about the best crypto trading bots while you can find more information about types of bots, their major features, how to assess what bot fits your needs, etc., below the list, in the second part of the article.

So here is a list of top bitcoin day trading bots for 2023:

ArbitrageScanner – Is this the best bitcoin robot?, a unique crypto arbitrage bot, identifies price disparities across exchanges and blockchains without accessing user funds, operating securely without API requests. It facilitates token tracking, personalized notifications, and connections to 75+CEX and 25 DEX, offering tailored arbitrage opportunities and being the only bot that monitors untracked 30-40% spreads on major coins in DEX exchanges.

Arbitrage Screener, ideal for capital-limited beginners, enables profit from buying a coin on one exchange and selling it at a higher price on another, allowing up to 150 daily transactions on various coins and potential daily earnings of up to 130%, with free detailed client training.

Why ArbitrageScanner?

  • Supports 75+ international and local DEX and CEX
  • Ensures capital safety with a secure, manual bot and no API requests
  • Provides 4-second interval trade alerts and allows monitoring of any coin and exchange
  • Identifies exchange bundles, notifying about differences for up to 80% daily earnings without prolonged token holding
  • The PRO plan’s ArbitrageScanner Message delivers news from your Telegram and Twitter channels before official sources
  • The Expert plan provides a personal mentor for bot customization and query resolution
  • WhiteLabel, starting at $19999, offers a bot license and ready IT solutions for your business, with turnkey website service setup, ideal for budding entrepreneurs.


Pionex is one of the first exchanges in the world to have 18 free trading bots built in. Users can automate their trading, so they don’t have to check the markets all the time. Pionex is one of the largest Binance brokers. It pools the liquidity of Binance and Huobi Global.

Pionex homepage

Here is a full review of Pionex – check if Pionex is profitable and legit.


  • Pionex supports 18 free trading bots.
  • Compared to most of the major exchanges, trading fees are on the low end. The fee to trade is 0.05% for both the maker and the taker.
  • Grid Trading Bot lets people buy cheap and sell high within a certain price range.
  • Leveraged Grid Bot works on the same principle as he spo grid bot but it also gives you the ability to levertage your position up to five times.
  • Spot-Futures Arbitrage bot helps small investors make money without doing much work. The return on this strategy is expected to be between 15% and 50% APR.
  • The Martingale bot uses a special DCA strategy where it doubles its buy entry each time the price dips and then makes a one-time sell to make money from price jumps.
  • The rebalancing bot will help you keep your coins in balance, working like an index fund.
  • DCA Bot (Dollar-Cost Averaging) Sets up regular repeat purchases to counteract the effects of volatility.
  • Traders can set up a stop-loss, take profit, and trailing all in one trade with the Smart Trade terminal.
  • The U.S. Money Services Business (MSB) License for was approved by FinCEN.

Mobile Apps: iOS & Android

Pricing will always be free

visit now


Cryptohopper is a leading crypto trading bot that offers some unique and interesting features, including cloud trading, extensive social trading options and a large variety of coins/exchanges to trade on/with. Stop losses and trailing stops are especially welcome elements here, as they help you tremendously with risk management. This is arguably one of the best crypto trading bots on the market, which is best reflected in their huge customer base (over 150k users) and large signals marketplace.

Here is a full review of Cryptohopper crypto trading bot.

Dashboard - Cryptohopper

Created by two brothers from the Netherlands, one a day trader and the other a web developer, this crypto trading bot can brag about having a perfect blend of experience and knowledge – both in the worlds of trading/technology – behind it from the start. The two merged their ideas, skills, and experiences and created Cryptohopper.

Cryptohopper comes with a wide range of features such as: mirror trading, paper trading, trading strategies designer (simple drag and drop design), automatic trading and trailing stop loss. Their marketplace is huge and divided in three sections where you can buy templates, trading strategies or simple signals (when to enter or exit a position) from more experienced traders that are transparently ranked on Cryptohopper by their to-date success.

Supported exchanges

It currently offers integration with the following crypto exchanges:

  • Huobi – premium Cryptohopper partner
  • Poloniex
  • Kraken
  • Bittrex
  • Binance
  • Coinbase Pro
  • KuCoin
  • Cryptopia
  • Bitfinex

Work is apparently being done to integrate the cryptocurrency trading bot platform with other well known crypto platforms like HitBTC, Cobinhood,, Bitstampand bitFlyerAPIs.

Cryptohopper was one of the first BTCbots that was completely cloud-based which meant that investors didn’t have to download and run auto cryptocurrency trading software from their local machines (like you have to do with Margin, Gunbot or Haasbot).

Pros & Cons

  • most trusted brand
  • largest customer base
  • largest marketplace
  • regular improvements
  • smaller number of supported exchanges in comparison to its top competitors
visit now


Bitsgap is a new young startup from Estonia that built a powerful cryptocurrency trading terminal that plans to rock the boat of the established incumbents.


The number of supported exchanges is impressive – 25. This fact also means more arbitrage opportunities since there are a lot of exchanges that are tracked, and hence there is a high probability of finding a big price difference between them.

So Bitsgap is a platform that supports trading, portfolio tracking, arbitrage, trading signals, and bots – a full spectrum of cryptocurrency services that can be managed from one dashboard.

Of course, Bitsgap also has a demo version that you can take for a test ride and try out all your trading strategies without risking real money.

Prices are around what competitors charge – $19 for the lowest package and $109 for the advanced account that offers 15 bots and has no limit on the amount of funds you can trade.

Bitsgap shines especially when it comes to arbitrage and it is certainly the best crypto arbitrage bot.


visit now

Coinrule stands out among competitors with its If-This-Then-That rule logic. This approach allows even less advanced traders to build their trading strategy in minutes. The user-friendly interface guides users in developing the trading bot step-by-step.

Over 150 templates help beginners in finding the perfect trading strategy that suits their needs. The platform allows plenty of different trading strategies, including stop loss and taking profit in one, and integrates the most common technical indicators such as Moving Averages.

Another exciting feature is the built-in Demo exchange. Traders can test their trading system in a safe environment with a virtual allocation of coins. The Demo exchange is modeled entirely on Binance, and you can try your strategies risk-free.

You can use Coinrule on a free plan with some limitations or subscribe to one of the premium plans priced between $29.99 and $249 USD. With a yearly subscription, you get access to a 20% discount on the price.

Coinrule supports Coinbase Pro, Binance, Binance US, Bitstamp, Kraken, HitBtc, Bitpanda Pro, Okex, Liquid, Poloniex, and additional exchanges are added regularly.

If you want to find out more, here is our full Coinrule Review.

visit now

Kucoin bot

Kucoin bot is similar to Pionex, it is a buil-in feature in the exchange itself.

And it works wonderful.

The Kucoin bot first saw the light of day in early 2021, and at the time, it had only three basic features. Nevertheless, it got attention from experienced traders. Over the next few months, the bot has undergone slight modifications, and today it has six features. They are as follows: 

  • Dynamic Rebalancing 
  • Infinity Grid 
  • Margin Trading Grid 
  • DCA (Dollar Cost Average) 
  • Futures Grid 
  • Classic Grid 

When it comes to crypto assets, the bot supports pretty much all the coins that the platform itself supports. According to the latest assessments, there are more than 800 coins available on the crypto exchange. Starting the bot isn’t too difficult, especially if we have in mind that it supports only the features that were already available on Kucoin’s website. The only difference is that the bot is available only inside the mobile app. So all you have to do is to download it, run it, and your investing adventure may begin. 

Click to read more about how Kucoin bots work and are they profitable.

Advanced traders and crypto investors can leverage advanced orders like real-time charting, limit orders, stop-loss to earn more from crypto trading bots.

visit now
Kucoin bot



3Commas is one of the most well-known bitcoin trading software bots in the market. The name referencing the billion-dollar club is a Russian-made software solution.

3Commas is a crypto trading terminal which features bot trading and portfolio management. It features a SmartTrade terminal which allows users to execute orders and trades, set bot-trading, and stop-loss/profit positions.

Price: Their plans range in pricing from $22 to $75 per month.

Supported Exchanges

Binance,, Coinbase Pro, Bittrex, BitMEX, Poloniex,, KuCoin, Bitfinex, OKEX, HitBTC, Huobi Global, Bitstamp, Cryptopia.

You can read our head-to-head comparison of 3Commas vs Cryptohopper to see how well it fares against the top dog of the crypto trading bots. As for the full 3Commas review, you can read it here.

visit now

Wunderbit Trading

Wunderbit Trading is an automated trading platform. Copy trade the best crypto traders with a transparent track record, trade yourself using the advanced trading terminal or create a fully automated trading bot using TradingView.

Wunderbit makes it possible to buy and sell crypto assets directly using a credit card, allowing you to purchase bitcoin.

Features of Wunderbit Trading

  • Smart Trading – Flexible way of creating orders for smart trading: adding and editing Take Profit, Stop Loss and Trailing stops to any order.
  • Marketplace – copy-traders can select best crypto trading signals and automatically follow them through Wunderbit Trading. As soon as the signal provider will generate a signal either manually or through a trading bot, the copy trader’s account will copy the trade with the same settings in real-time.
  • Trading bots – automate any TradingView script into the fully functioning crypto trading bot.
  • Spread trading terminal – create a synthetic spread with low volatility based on any exchange-traded products.
  • DCA Bot – buy a certain portion of assets after the determined price deviation.
  • Crypto Portfolio Tracker – easy and precise cryptocurrency portfolio tracking tool of all your crypto exchange accounts.
  • Multiple Account Management – traders can easily manage multiple crypto exchange accounts.

Supported exchanges: FTX, Deribit, Binance (Spot and Futures), Bybit, Bitmex, HitBTC, Bitpanda, Bittrex, Kucoin, OKEX, Kraken,FTX US

Pricing: Free to $44.95 for the premium package.

visit now


TradeSanta is an automated trading platform built with the idea of making crypto trading accessible to anyone. 

TradeSanta’s main characteristic is its easy to use yet powerful interface that has everything needed for strategy automation both for experienced traders and beginners.

TradeSanta offers two most widely used strategies that can be enhanced with advanced tools such as Trailing Stop Loss and Trailing Take Profit. TradeSanta offers some additional tools to buy or sell big amounts of cryptocurrencies. 

If a trader wants to try out a new approach, there is no need to risk real funds – just for this case, TradeSanta has developed virtual trading bots.

For the most experienced traders, TradeSanta offers Binance Futures trading with its Maximum plan.

On top of all of that, you can create and manage your bots on the fly with TradeSanta apps for iOS and Android

Supported exchanges

It currently offers integration with the following crypto exchanges:

TradeSanta is a perfect choice for those just starting out automated trading and for those looking for advanced tools with a next-level user experience. Click here to read the full TradeSanta review.

visit now


Shrimpy is a social trading platform that focuses on portfolio management strategies. Unlike other w or day trading strategies, Shrimpy is specifically designed for optimizing your portfolio over the long term. Rebalancing, dollar-cost averaging, and stop-losses can all be set up in a matter of minutes. As a result of the simple user interface and convenient features, Shrimpy has become the go-to place for cryptocurrency investors who are getting into trading for the first time.

Launched in January 2018, Shrimpy has grown to become one of the largest social trading services in the crypto market. The platform now supports thousands of traders who manage over $1 billion dollars in cryptocurrency.

In addition to the popularity of the portfolio management platform, Shrimpy also offers a set of Developer APIs for builders. These APIs can be used to seamlessly integrate trading into mobile applications, websites, and trading bots without requiring significant work. These APIs are used by some of the largest applications in the crypto market, such as CoinStats.

Here is a full review of Shrimpy bot.

Supported Exchanges

Shrimpy offers integrations to the following exchanges:

  • Binance
  • Binance.US
  • Bittrex
  • Bittrex Global
  • KuCoin
  • Coinbase
  • Kraken
  • Poloniex
  • Gemini
  • Bibox
  • BitMart
  • Huobi
  • HitBTC
  • OKEx
  • Bitstamp
  • Bitfinex
visit now

CryptX Terminal

A new automated trading terminal was launched by the same company that runs CryptX wallet and Cryptal exchange, one of the most popular exchanges in the country of Georgia.

CryptX Terminal aims to be a one-stop solution for crypto traders as they integrate all major exchanges and provide excellent portfolio tracking and analysis tools. Aside of that, CryptX terminal offers pre-programmed bots that can be backtested before you deploy them live onto your accounts.

One of the major perks of this provider is their arbitrage capability as you can enjoy a high level overview of prices and market actions in all the exchanges and quickly move funds to make use of the price differences.

Supported exchanges: Binance,, Bitfinex, HitBTC, Bittrex, Kucoin, OKEX, Kraken.

Price-wise is CryptoX slightly cheaper than the leading bots as they offer three price tiers for their users:

  • Free starter plan– one trading bot, up to $10k trading volume per month.
  • Advanced plan $37. You get ten trading bots, integration with 10+ crypto exchanges, and can do up to $1 million of trading volume per month.
  • Professional plan$74. All limits are removed, you can set up as many bots as you wish with no trading volume ceilings.
visit now
CryptX Terminal

1 month free trial of Professional plan


Trality is one of the newer entries in the cryptocurrency bot trading scene, but the young Austrian company is quickly becoming popular with more advanced traders who require the most power and flexibility when creating their bots.


Founded in 2019 by Moritz Putzhammer and Christopher Helf, this ambitious company aims to bridge the gap between professional and private trading by enabling everyone to access the technology of algorithmic trading and help traders build smarter bots to make better trades. Most important to note is, however, that Trality empowers its users to customize and fine-tune their bots to an extreme, unseen level of precision.

Trality’s main product is the ‘Code Editor’ which provides its advanced userbase with a professional-grade, browser-based Python editor. With this powerful and flexible editor, users can develop advanced and effective bots seamlessly. They can make use of NumPy, pandas and a list of other popular libraries to create bots in a snap before running them through a surprisingly quick and rigorous historical backtesting process to validate trading theories.

The second product is just as useful but geared towards users with no coding experience. Trality’s ‘Rule Builder’ is just the thing you need when you want to build highly advanced bots without being fluent in any coding languages. It works through a super intuitive interface which allows you to simply drag and drop the different elements of an algorithm and ‘build’ your own bot that way. As long as you know an indicator from a strategy – you’re ready to go. 


One of the very unique perks of using Trality is the pricing model. This is where the company stands firmly above the rest because not only do they have a flexible, fair pricing model to suit all levels of traders – there’s also a completely free option. It’s not limited by time and you can simply use this plan free, forever. Aside from that, there are several other plan options, so you can easily find one to fit your needs.

Supported exchanges

Trality allows users to trade on the top exchanges in the world. That said, there’s room for more!

  • Austrian company
  • Completely free options 
  • Advanced tools 
  • Extensive documentation
  • Great community and communication
  • Still quite young 
  • Needs some more exchanges

Learn more about Trality by reading our Trality review here.

visit now

Margin  (Use code “Discount10” to get 10% off) is a trade bot that has 17 supported exchanges, 2 new crypto trading bots, and great features like a profit/loss indicator, cryptocurrency market scanner, social integrations & more. Plus, they still offer the free demo to try everything out first!

Use code “Discount10” to get 10% off on the checkout!


Margin currently comes bundled with two trading strategy bots:

Ping Pong Strategy

Margin Maker Strategy

Just as the name suggests, the ping pong strategy allows you to set a buy and sell price, and the bot will do the rest. The mArgin maker strategy is a bit more advanced and can buy and sell based on price action adjusting with the course direction of the market.

They obviously have a good designer on their team as their GUI is by far the best looking out of all bots and has lots of customization options.

Prices are paid for lifetime licenses and wide range from $129 for the starter package and over $259 for standard to a whopping $2999 (but these are aimed at enterprise clients).

One drawback is that it is not a cloud-based software but rather a downloadable program that you run from your local machine.

If you want to find out more, here is our full Margin bot review.

visit now

(Use code “Discount10” to get 10% off)


Haasbot algorithmic trading software was created In January 2014 by Haasonline. This crypto trading bot is very popular among crypto enthusiasts and trades bitcoinand over 500 altcoins on many major crypto exchanges, including fully automated trades on platforms such as Kraken, BTCC, GDAX, Poloniex, Bitfinex, Gemini, Huobi, and many more.

On paper, this cryptocurrency trading bot does all of the trading legwork on behalf of the investor. However, some input is required. Haasbot bot is highly customizable and enables a variety of technical indicators, and is also capable of recognizing candlestick patterns. One has to be knowledgeable to use this trading bot and make a profit from doing so, considering it costs between 0.12 BTC and 0.32 BTC per three-month period to use this tool. There is, however, an extensive knowledge base for the traders willing to learn, provided by the creators on their site.

Click here and use “captainaltcoin10” code to get a 10% discount on your Haasbot.

visit now


Gunbot was one of the first crypto trading bots to hit the market and remains one of the most advanced BTC trading software options, providing a wide range of settings and strategies suitable for both beginners and professionals. It is used to take over (most) of the workload of traders on the cryptocurrency markets.

The cryptocurrency trading bot gives users the opportunity to customize their trading to a level that no other trading bot can provide. Almost all the strategies and technical indicators that manual traders use on a daily basis can be found in this bot and used to trade automatically. The interface is user-friendly so that everyone can easily get the hang of it. It is suited for more experienced crypto traders as well as beginners; some strategies are highly configurable while others are easier to use.

The program comes with tons of trading strategies that are highly configurable and includes different types of insurances to optimize your crypto trading which are explained on the website. With support for over 136 exchanges, including DeFi platforms, you’re sure to find your preferred exchange to trade on.

Read our full Gunbot crypto trading bot review.

Another positive feature about this crypto bot is that it’s a one-time payment, which means no need to renew every month (pay once and get all the future updates for free)! Monthly subscriptions are now offered as well. However, if you intend to use the bot for over a year, opting for a lifetime license may be a more cost-effective choice, considering the potentially higher cumulative cost of monthly subscriptions.

Don’t want the trading bot anymore? Don’t worry, Gunbot includes something that no other trading platform offers: Gunthy coin. Gunthy coin is a feature that no other trading platform offers, a cryptocurrency token that is offered to the users when buying the the bot. The number of tokens sent to the buyer is derived from the type of license that they acquire. Why is this important? Imagine that trading is nothing for you and that you want to sell your crypto bot, that’s possible with the Gunthy token!

Gunbot is used by thousands of crypto traders daily, which creates a close and helpful community. Its community is highly active on social media platforms to discuss different trading strategies and help each other out. The trading platform provides different packages which can be upgraded if needed. There are 3 different licenses available, priced from $199 to $499 for lifetime access. If you prefer monthly subscriptions, you can already snatch a license at $14.5 per month.

visit now

Free, open-source crypto trading bots

Among the free crypto bots that actually work, the best ones are Pionex and Kucoin bot. Aside of them, Gekko and Zenbot are two older software solutions that work from your machine (need to be downloaded).

So, a list of the best free crypto bots is as follows:

  • Pionex
  • Kucoin bot
  • Gekko
  • Zenbot

Gekko trade bot – best free crypto trading bot


Gekko is a Bitcointrading bot and backtesting platform that supports 18 different Bitcoin exchanges (including Bitfinex, Bitstamp,and Poloniex). Gekko is free and 100% open source that can be found on the GitHub platform.

This automated trading bot even comes with some basic trading strategies, so using it seems rather straightforward.

Gekko comes with a webinterface that was written from scratch. It allows you to monitor your local data, and strategies. It can also run backtests and visualize the results. Using plugins, which are available for IRC, telegram, email, and a lot of other platforms, Gekko is able to update you wherever you are! Gekko runs flawlessly on all major operating systems (Windows, macOS, and Linux).

You can also run it in the cloud or on your raspberry PI without any issues! It will not exploit arbitrage opportunities, nor is it a high-frequency trading bot by any means. With a good list of supported cryptocurrency exchanges, Gekko is definitely a bitcoin trading bot that is worth checking out.

Zenbot – BTC trading bot

Zenbot is another open-source trade bot for bitcoin traders. It is important to note that this trading bot has not seen any major updates over the past few months. However, it is available to download and modify the code if needed. This marks the third iteration of Zenbot, which is still a lightweight and artificially intelligent bitcointrading bot, and it is also one of the very few solutions capable of high-frequency automated crypto trading and supporting multiple assets at the same time.

This bot supports the following cryptocurrency markets – Gemini, Quadriga, Bittrex, Kraken, Poloniex, and GDAX. Work on further exchange support is ongoing. According to the GitHub page, Zenbot 3.5.15 makes a 1.531 ROI in just three months. This is quite surprising.

Types of Trading Bot Strategies

How does automated cryptocurrency trading work?


In the early days of cryptocurrency trading, one of the primary strategies that traders used to make profits was arbitrage – i.e., buying assets in one cryptocurrency market and then selling them in another for a higher price, thus earning a profit on the difference. As cryptocurrency exchanges were decentralized, there were often large differentials between prices offered on various exchanges, meaning that profits could be made through arbitrage.

On CoinMarketCap, there are currently 208 crypto exchanges listed, where exchanges with no trading fees are excluded. When no trading fees are being charged at the exchange, it is possible for a trader (or bot) to trade back and forth with themselves and generate a lot of “fake” volume without penalty. It’s impossible to determine how much of the volume is fake, so they excluded it entirely from the calculations.

Due to a large number of exchanges and the high volatility of cryptocurrencies, traders can take advantage in the form of arbitrage.

An arbitrage strategy is the possibility of a risk-free profit after transaction costs. For example, an arbitrage is present when there is the opportunity to instantaneously buy something for a low price and sell it for a higher price. People who engage in arbitrage are called arbitrageurs, such as a bank or brokerage firms. The term is mainly applied to trading in financial instruments, such as bonds, stocks, derivatives, commodities, and currencies.

With so many exchanges available, there could be the same asset but with different prices on different exchanges. For instance, the price of asset A on exchange 1 is 10$, while on exchange 2 it is 15$.

Although the spread between crypto markets is getting smaller by day, they do still exist, and crypto trading bots can assist traders in making the most of these differentials.

Market Making

Trading bots can also enable users to use the market-making strategy. Market making is an activity whereby a trader simultaneously provides liquidity to both buyers and sellers in a financial market. Liquidity is the degree to which an asset can be quickly bought or sold without notably affecting the stability of its price. Market makers “make a market” by quoting prices to both buy and sell an asset. In this way, the market maker (or liquidity provider) acts as both a buyer and seller of last resort where there would not naturally be another buyer or seller, thereby providing liquidity. 

As prices oscillate and vary, the crypto trading bot will automatically and continuously place limit orders in order to profit from the spread.

Market making as a strategy does not work well in low liquidity environments and is highly competitive.

Do Cryptocurrency Trading Bots Work?

The main purpose of crypto trading bots is to automate things that are either too complex, time-consuming, or difficult for users to carry out manually.

Good trading bots like Bitcoin Pro can save a crypto trader time and money by collecting data faster, placing orders faster, and calculating the next moves faster

The majority of trading bots use an indicator from technical analysis called an exponential moving average (EMA) as a principal strategy for analyzing the market. Bots can be programmed to make an action once EMA surges or drops certain thresholds.

By setting up the bots, users can set their thresholds to fit their risk profile. However, one of the main downsides of EMA and similar indicators is that they are so-called lagging indicators – based on past history, which, as all traders will know, is not indicative of future performance, especially in the cryptocurrency industry where volatility is rife.

Therefore the answer to the question of whether trading bots work is – “depends”. They do work, but not necessarily for everybody.

Trading with automated crypto trading bots is a technique that uses pre-programmed software that analyzes cryptocurrency market actions, such as volume, orders, price, and time, and they are rather common in the bitcoin world because very few traders have time to stare at the charts all day. Bots or program trading is used within many global stock exchanges.

Most people trade bitcoinas a way to generate passive income while working their regular day jobs, and crypto trading bots are said to establish more efficient trading.

Trading bots are software programs that connect to an exchange (usually via API protocol) and make trades on behalf of the users. They work using a variety of trading indicators and strategies. Since trading is all about mathematics and fast complex probability calculations, bots should be better at trading than humans.

Crypto trading botscan be utilized on many well-known cryptocurrency exchanges today. There are crypto trading bots that are free of charge and can be downloaded online, and there are also crypto trading bot services you have to pay for offered by the various trading engines and programming companies.

With so many people relying on top crypto trading bots, the question becomes which one should be avoided and which one can be trusted. Below is a list of the best crypto trading bots.

Is there a difference between bitcoin and Ethereum trading bots?

No, it is just semantics. These bots can be called best Ethereumbots as well or best [pick any altcoin] trading bots since they support automated trading of any coin listed on the exchanges they integrate with.

How to choose the best crypto trading bot

We have made our list of top trading bots based on the following criteria:

  • Trading strategy.
    What strategies of technical analysis can the bot execute? How customizable are those strategies?
  • User Interface. 
    A friendly user interface is another important factor. The bot has to have simple and intuitive processes that are easy to learn and implement.
  • Ease of use
    If you are a beginner, the crypto bot needs to have premade setups that are easy to choose and launch. For the more advanced users, the ability to customize the crypto bot to the settings and preferences the user has was of the highest importance.
  • Speed. 
    What is the latency in transferring data from exchanges? Sometimes it is important to have the order executed immediately, and a slow bot can cost you a lot of money.
  • Cost.
    Of course, price always plays a role. You want to earn money, after all, and not break a bank for a piece of code.
  • Security 
    Authentication methods, 2 Factor authentication, API key encryption mechanism. Privacy policies related to users’ trading data.
  • Reputation.
    Does the bot have a good reputation among the wider crypto community? Check online forums for reviews from other users to see if the crypto bot is legit and if they’d recommend using it.
  • Exchanges.
    While most reputable crypto trading bots will work with most reputable exchanges, make sure any program you choose will allow you to trade on the exchange(s) you want to use.

Should you use a crypto trading bot?

Cryptocurrencies are a nascent and atypical asset class, and for this reason, it is hard to make a regular return off of them in the same way that cash or a stock creates value. Many of the best stocks pay out dividends which are in addition to price appreciation’s main wealth creation mechanism from them. There isn’t really an analogy for this in the crypto market unless crypto owners lease out their cryptos to derive an income from their holdings.

Or you can hoard staking coins and participate in the network maintenance as a block producer or at least a delegate voter.

Trading bots represent the other option for passive income earning in the crypto industry – even though, as we emphasized earlier, they are not completely hands-off and require monitoring and manual interventions.

Trading Bots For Passive Income

If you want to put your crypto coins to work for you, crypto trading bots could make sense to use.

The ‘bot’ is superior to a human because it is emotionless, and it is awake and looking for income opportunities 24/7. Of course, there is no such thing as free money.

Any risk that can generate a return has the potential to lose money. It is a good idea to make sure that any automated investment platform you choose to trust with your cryptos can prove that it works with a verifiable transaction history.



Best crypto bots – final thoughts

The software can be difficult for inexperienced crypto traders to understand, which means that bot trading may not be for everyone. Furthermore, traders have to trust in the reliability and efficiency of companies that offer algorithmic cryptocurrency trading. There are many different businesses online offering crypto bot services. But be careful, because some of them may not be legitimate. However, if used correctly, reputable and functioning trading bots may increase trade profits.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

  1. I have a custom altcoin GUI trading bot needs testing. I created it because I wanted more options for buying and selling than what Bittrex currently offers. I wanted to be able to set both stop loss and take profit conditional orders at the same time. As of now you can only set one or the other. My bot will buy at desired price and set a stop loss and a take profit trigger at specified targets. Plus it has a trailing stop to get more profits when coins keep pumping. If anybody is interested in giving feedback and getting a copy message me@ chadsellsall gmail

  2. As a Gunbot user, I’d like to mention that this article seems a bit outdated. Currently there are loads more options than described, strategies got a lot more configurable over the last year: I can now use indicators like Stochastic, RSI or MACD as confirmations for strategy entry and exit points.

    This results in getting much better entry points, making it possible to run fairly conservative strategies that are safe to use 24/7. The article also does not mention the capabilities for automatic DCA and reversal trading (accumulation of quote currencies during downtrends).

    • I agree, this article is already outdated. It does not even mention Superalgos.

    • Is Roirobots arbitrage a legit trading robot? Or the same with those hyip scam out there

    • Hello, which bot would you recommend for a beginner? I’ve manually trading arbitrage for a few months. My main exchange is Bitfinex, Coinbase and Gemini, and a bunch of other smaller exchanges. I am looking to for a user friendly bot that I can try and see if I like it

  3. I’ve only tried Haasbot and Gunbot mostly because I’ve never heard of those others before. What I like about gunbot is it’s a one-time cost, and they are constantly coming out with new features, i would image soon they’d want to go with a monthly membership too because of how much new content is released.

    What’s important is that you select the correct strategy when running gunbot. This can be difficult because there are endless combinations of things you can do. What i recommend is to use backtesting on trading view so that you can see if the strategy you choose will be profitable for future trades.

    I recently created a video series that goes over setup and picking a winning strategy. I use pine scripts which barely anyone uses and ive been getting way better results than just running gunbot normally. Just watch my videos and see for yourself.

    Vid 1: intro

    Vid 2: setup + pick strategy.

  4. Hey there admir!

    Have you tried our platform,

    We are an automated trading bot running on the cloud 24/7, with one of the most user-friendly interfaces around, without sacrificing functionality. We believe the inclusion of our service on your list would help your visitors greatly! We send you an email a while ago, but haven’t received a reply yet 🙂 Feel free to contact us on the email-address we provided!

    To any visitors looking for a great trading bot, come check us out! We have a free 30-day trial and have recently updated out New User Experience and added Shorting as a feature!

  5. Hi, Sarah from here. Great write up and thanks for including margin (previously leonArdo) as a trading bot option.

    Just wanted to let you know that we recently rebranded. We now support 11 exchanges, 2 new bots, and great features like a profit/loss indicator, market scanner, social integrations & more. Plus, we still offer our free demo to try everything out first!

  6. Hey! Racquel here of Athena Project. Great reviews and pretty helpful!

    I thought I’d reach out to give you an overview of our auto-trading bot, the Athena Trading Bot allows users to trade their crypto from Telegram. There’s no other software you need to download aside from Telegram. You set your own strategies and the bot will auto trade for you even when you’re asleep!

    If you’re unsure of the strategies or what to do, the Telegram community we have is awesome! They are supportive of newbies or not. It would be great if you can try out the bot or just even visit our group! Our Telegram channel is

    If you’re interested in getting the bot, just use this discount code QDWLFMU95T!

  7. Hello captains! We have just released, thought I would share here in case someone wants to check it out, provide any feedback, or compare with some of those great alternatives up there.

    Airbag comes from a side project due to the frustration of not having time to manage my portfolio and wanting to mitigate my losses without emotion: The objectives of the bot are Sharpe Ratio (Return/Risk) and stability as opposed to just pure return.

    It is built for the 99% of non-traders who don’t know or want to think or run their own trading strategy. Basically, we wanted our own friends and families to be able to use it and be protected against risk.
    Internally, it uses Deep Q-Learning to make decisions.

    Thanks for any feedback or suggestion!
    (@FelixK, if you would like to talk, please reach out @AirbagAI. Thanks!)

  8. I think that automated crypto trading platforms are the best invention in crypto world! Personally I use and don’t bother with checking the prices on exchanges. Last month I made a profit from orders without additional movements and knowledge from my side, just set the target. I trully recommend to try it!

    • Peter do you mind my asking what kind of profit are you talking about… 1%/month or 30%/month? Thanks

  9. Igor Nikolaev April 4, 2019 at 15:37

    Dear Felix,
    Thank you for very detailed and deep analysis of Trading Bots.
    All these bots as I understand are based on automation of traditional trading strategies.
    Recently I came across a new type of algorithmic trading bots on
    They are using new Machine Learning models for trading bitcoins.
    They look like easier to use, more secure.
    What do you think about this type of bots. Are they also more profitable?
    Thank you, Igor

    I would like to see this bot in the next review. I’ve been using it for two years, I haven’t compared the others, please add it in the next comparison. Thanks.

  11. Is DeepTradeBot a legitimate trading bot?

    • Yes, it is a bit different to what the other software tools offer but we haven’t seen any evidence to suggest they are not legitimate.

      • Why is it that no mainstream sites have reviewed or discussed deepTradeBot? Curious.

        • Which sites do you consider mainstream? Do you have any evidence that would prove lack of trustworthiness of this bot since I fail to see where is the problem for it to be on the list?

  12. The Trading bot investment also appears to be a high yield investment program. I have no evidence they are not trustworthy. There just seems like minimal media coverage, only a few sites have showcased the bot.

  13. DeepTradebot is a ponzi scheme, targeting people in Russia, India, and South America