Crypto investors can automate their buy and sell orders by using trading bots. Such bots use preprogrammed trading strategies in an attempt to reach a predetermined “win rate,” or proportion of successful deals.
If you already trade using indicators, a trading bot may assist you in streamlining the process. Here are some of the greatest trading bots of 2022, as well as instructions on how to set them up to assist you with your automated crypto trading strategy.
3Commas
3commas is near the top of our list of recommended crypto trading bots. The website immediately stands out from the crowd due to its superior design and overall professionalism. And it’s surprisingly easy to use.
Onboarding is a breeze, even for beginners. All you have to do is link your account (or accounts) on a cryptocurrency exchange and set up your 3Commas trading bot. The platform provides the opportunity to automatically mimic the trades of skilled traders by integrating signals into your bot and with the 3Commas app for iOS and Android, you can trade from anywhere.
Some of the best things about 3Commas are:
• Trade 24/7
• Copy trade successful bots
• Bots work in bear, bull, or sideway markets
• Flexibility to create advanced bots
Paid 3Commas plans include even more features. Starter gives you unrestricted access to the platform’s smart trade terminal for $22 per month. While more 3Commas bots are available for $37 to $74 a month.
Pionex
With 18 free cryptocurrency bots, Pionex is an exchange that has trading bots built in. It brings together the liquidity from Binance.com and Huobi exchanges and is one of the best free cryptocurrency trading bot platforms we’ve seen since 2017.
The easy-to-use Spot-Futures crypto arbitrage bot was just released by the Pionex exchange as an alternative to traditional arbitrage bots and is the best way to trade bitcoin.
Cryptohopper
Cryptohopper is a paid bot for trading bitcoin and other cryptocurrencies. But before you pay for a membership, you can try Cryptohopper for free for 7 days.
One well-known trading bot on Cryptohopper is the market-making bot. Unlike Grid bots, though, Cryptohopper lets you make your trading strategies and copy those of others through its marketplace. There are also trading signals and templates you can copy.
You can even buy services from third parties on the CryptoHopper Marketplace, such as crypto signals, trading strategies, apps, and templates. The bot also has a demo trading account, strategy designer, social trading platform, paper trading mode, and a market arbitrage tool.
Bitsgap
Bitsgap is another fantastic resource for finding a bitcoin trading bot. Bots, algorithmic orders, portfolio management, and a free demo mode are all included. One of the platform’s key features is its ability to connect all your exchanges. This has a lot of great benefits, like making it easy to put strategies into action and letting you use advanced bots on multiple platforms at the same time.
By putting everything in one place, you can compare rates from different digital currency markets, trade and switch between exchanges, keep track of your investments, and try out different strategies with a demo account.
Bitsgap works with 30 different exchanges, including Binance, Kraken, and Bitfinex. On top of that, it gives you access to more than 10,000 trading pairs and several technical indicators that can help you figure out your strategies. The interface is easy to use, so both beginners and experts can use automated trading.
HaasOnline
HaasOnline lets you quickly create, test, and deploy high-frequency cryptocurrency trading bots on dozens of cryptocurrency exchanges. The trading bot has functions that are set up so it can look at trends and make the best choices.
The software automatically fills orders while keeping an eye on the market, making trading faster and more efficient. The platform claims to keep up with the latest technology by making new trading bots all the time.
Some of the best features of HaasOnline are:
• Preset Functions
• Automatically Executes Orders
• Backtesting Historical and Real-Time
• Visual Editor
When you combine the Visual Editor with HaasScript, you can quickly make, test, and deploy scripts across multiple cryptocurrency exchanges. This is another unique feature. You can also use pre-built solutions to make your crypto algorithms, or you can look in the marketplace for third-party solutions.
Kryll
Kryll is a crypto trading bot that uses AI and automation software to help day traders manage their crypto trading more efficiently. One of the best things about this platform is the crypto builder, which lets people who don’t know how to code yet make scripts. With a drag-and-drop system, users can link together features that already exist to make bots that do specific things.
Kryll also has a Marketplace where people can share their trading strategies for a fee. This feature is helpful for people who are new to crypto trading and don’t have much experience.
Other great features of the platform include the Trading Terminal, which lets you set stop-losses and multiple take-profits, and the Strategy Editor, where you can use a drag-and-drop interface to make an automated trading algorithm.