16 Best Crypto Trading Bots for Automated Trading

One of the most popular crypto trading bots today is part of the big cryptocurrency platform – TokenTact. It deals with multiple cryptocurrencies and exchanges such as Kraken, Binance and many others. To be honest, this is one of the best crypto trading bots I have analyzed for this article. Not only that it’s free, but you can also trade more assets at the same time, which is a pretty rare thing in the crypto bots world.

  • TokenTact has taken Arbitrage to the next level by offering sophisticated triangular Arbitrage, which helps you make money from the price difference between multiple pairs on the same exchange.
  • Mean Reversion strategies, which rely on the concept of price returning to an average level, are well-suited for consolidation periods when there is no clear trend.
  • TokenTact is a comprehensive crypto trading bot offering Grid Bot, Futures bots, Smart orders, and features like Trailing Up & Down for optimized trading.
  • Crypto arbitrage bots work well — they can automatically detect trading opportunities and make a profit faster than humans.
  • Three plans are available (basic, advanced, and maximum plan), and a free plan is valid for three days.

All of your funds are secure at your exchanges since Wunderbit uses API keys. One thing to note about Gekko is that it has a very easy to use interface where https://privatobank.com/tokentact-bot-review/ you keep track of your trading data. Another feature on Gekko is clients backtest where you can see forecasts and predictions for your trading results.

Investors can pick and choose cryptos they would like to include within a diversified portfolio. TokenTact claims to implement security procedures that are ‘up to twice as secure as many internet-based banks’. These procedures include a 2048-bit standard protocol encryption of all user data, the option to enable email notifications, 2FA, and the utilization of hardware security keys. To ensure a user’s funds are never moved from a trading account, a TokenTact API key can also never be generated with withdrawal permissions.

Choosing the right AI trading bot can be a game-changer, helping to automate crypto trading, manage portfolios, set stop losses, and more. In this article, we’ll explore the top nine AI crypto trading bots that can help you make the most of your trading activities. Simple Moving Average (SMA) calculates the average price of a cryptocurrency over a predetermined period. For instance, a 20-day SMA will add up the closing prices of the last 20 days and divide it by 20. This method provides a smoothed price trend over time, helping traders identify long-term market directions. SMA is particularly useful in a trading bot as it can automate the process of identifying trends and executing trades based on predetermined SMA criteria.

As prices oscillate and vary, the crypto trading bot will automatically and continuously place limit orders in order to profit from the spread. This automated trading bot even comes with some basic trading strategies, so using it seems rather straightforward. 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. 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. TradeSanta is an automated trading platform built with the idea of making crypto trading accessible to anyone.

This is one of the key reasons AI crypto trading bots have become popular over the years. GunBot is a super platform for crypto investors needing to automate their trading elements using built-in algorithms and ai trading bots. The platform integrates with a hundred+ exchanges, including industry giants like Binance and coinbase seasoned. Its pre-made bots, alerts, and technical indicators are perfect for examining the marketplace and using automatic techniques.

crypto bot

The second challenge is to find a bot which can effectively execute that strategy based on market activity and signals. For example, scalping is a strategy for making small but consistent profits in a sideways market. A scalping bot would be designed to automatically place the trades required to shave those profits out of the market.

With this function, you can see how your bot performs, as well as how it would have performed if you had certain settings. It does not require any complicated actions to succeed with the bot’s mechanics. The bots rely on both long and short strategies, and they are guided by complex algorithms. It doesn’t interact with their money, nor does it connect to exchange balances through API. The advantage of this is that users do not need to worry about their account being hacked, or the platform hijacking their funds.

Moreover, the programming interface is available on all major operating devices, including Windows, Linux, and macOS. In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.