Cryptocurrencies have seen a surge in popularity and are slowly becoming a mainstream investment option. However, the volatility of the market can be overwhelming for the average investor. To tackle this issue, many crypto enthusiasts have started using trading bots to automate their trades and improve their chances of making a profit.
here’s a list of some of the best crypto trading bots available in the market:
- Pionex (Recommended)
Pionex is a cloud-based cryptocurrency exchange that is known for its free in-built trading bots, reasonable trading fee, and low risk. The platform offers several trading bots that are easy to use and customizable. Pionex charges a small trading fee of 0.05%, making it a cost-effective option for traders. The platform is also very secure, and users can enable two-factor authentication to add an extra layer of security.
Trality is a unique trading bot that offers backtesting strategies and paper trading. This feature allows users to test their strategies before committing real funds to the trade. Trality offers three different plans, namely the Knight plan, Rook plan, and Queen plan, with prices ranging from €9.99 to €59.99 per month. The platform is very user-friendly and comes with several pre-built trading bots that can be customized to suit your needs.
NAGA is a social trading platform that offers a wide range of financial instruments, including cryptocurrencies. The platform allows users to deposit funds via bank transfers, debit and credit cards, and online methods like Skrill, SoFort, Neteller, Giropay, EPS, Ideal, and p24. NAGA also offers up to 1,000x leveraged trading, making it an attractive option for advanced traders. However, the platform charges a 0.1 pips spread and has a 3-month inactivity fee and other charges.
eToro is a popular social trading platform that allows users to invest in fiat-based financial instruments like stocks, ETFs, and cryptocurrencies. The platform is easy to use and offers a user-friendly interface that makes trading accessible to everyone. eToro charges no trading fees, making it a cost-effective option for investors.
CryptoHopper is a cloud-based trading bot that offers several trading tools, including a bot backtesting tool, configurable and saveable templates, trailing stops, and customizable technical indicators. The platform offers a free trial, and users can choose from different plans ranging from $19 to $99 per month.
Coinrule is a trading bot that offers several technical indicators like MACD, Bollinger Bands, and RSI. The platform is mobile-friendly and offers several customizable trading strategies. Coinrule charges $30/month for the hobbyist version, $60/month for the trader level, and $450/month for the pro package. The platform offers unlimited trials for basic accounts.
TradeSanta is a trading bot that allows users to use multiple indicators like Bollinger Bands, MACD, and RSI. The platform is mobile-friendly and offers two different plans, namely the basic limited level plan and the unlimited plan, with prices ranging from $10.5 to $70 per month. TradeSanta offers a 5-day trial period, making it a great option for users who want to test the platform before committing to it.