Top Crypto Bot Trading Platforms In 2022
- Crypto bots are software applications that interact with a user’s exchange account.
- There many platforms to choose from, in this article we have listed the top 5.
Automated trading platform powered by configurable crypto trading bots are increasing. Before using any of the platforms, we should ask ourselves about the pros and cons that comes with them.
In global financial markets, about 75% of trading is algorithmic and this is the same case for crypto markets. In the last two years, there has been a rise in the number of automated crypto bot trading platforms, permitting crypto traders to form trading strategies that can be adjusted and refined as needed.
Crypto bots are software applications that use an API to interact with a user’s exchange account. It automatically executes the trade when market conditions meet a set of defined criteria. The best crypto trading bots can interpret and combine market signals such as price, time, orders and volume. This is by using technical analysis signals such as Bollinger Bands, moving averages, the Ichimoku Cloud and other factors such as social media point of view.
Currently, there are many crypto trading bot platforms. Some are designed for experienced traders which enable them to create advanced automated strategies that can be back tested against historical crypto market data. Others are made for less experienced crypto traders or investors who want to improve their returns, without having to make decisions themselves.
Given the growing interest in Defi, crypto holders can put in their assets to work and generate a return. Both a passive investor and active trader have choices available according to their own risk profile. There are many crypto bot trading platforms, in this article we look into five of them.
Bitsgap, launched in 2018, is a cloud based crypto platform that allows users to manage multiple trading accounts via one unified interface. The platform merges with up to 30 cryptocurrencies via API. This means that users can keep track of their holdings across all connected exchanges and trade more than 10,000 cryptocurrencies from a single dashboard, without having to log in to each exchange individually.
The feature of connected exchanges is an advantage to Bitsgap because it enables account holders to find arbitrage opportunities. The platform is accessible on both desktop and mobile services and has a demo mode so beginners can learn how trading works without risking their funds. The more experienced users can test advanced trading strategies.
Bitsgap has three packages for the bots;
- The basic one comes with 2 bots and a monthly volume limit of $25,000, no arbitrage option and costs $19 a month.
- The advanced plan includes arbitrage, 5 bots, a monthly volume limit of $100,000 a month and costs $44 a month.
- The Pro pack has all features, 15 bots and unlimited trading monthly volume of $110 a month
New accounts have a 14 day free trial, no credit card required, and several features can be used free of charge.
WunderTrading is a cloud based platform that allows the user to start trading and investing in cryptocurrencies. Users can copy trade the best crypto traders with transparent track records and trade themselves using WunderTrading’s advanced trading terminal, or create fully automated trading bots using TradingView.
You can manage portfolios of multiple crypto exchange accounts at the same time using WunderTrading, without needing to execute separate trades on each account. Two unique features that distinguish WunderTrading from similar services are an easy integration with TradingView and its Spread-trading terminal.
WunderTrading has a free account for you to start with manual trading, trading bots and copy-trading. Its paid plans are competitively priced and allow users to have more open positions, active bots and a range of more advanced features.
- The Basic plan is $9.95 a month
- Pro is $24.95
- Premium retails for $44.95.
Discounts are available when buying 3 months, 6 months and 12 months subscriptions.
3Commas trading platform offers a wide range of automated trading bots with the ability to configure them for round-the-clock execution of the preferred strategy. Using the trading platform simplifies the process of trading and expands the opportunities available to traders.
3Commas a smart trading terminal gives users the opportunity to make profits with minimal effort, choosing the desired functionality based on their skills, goals, and abilities. The prices are;
- Starter goes for $14.5 per month
- Advanced $24.5 per month
- Pro $49.5 per month.
To get acquainted with the platform, trading bots and trading tools, all new users have free three-day access to the “Pro” interface.
Cryptohopper is a cloud based asset trading platform. Users can use the platform’s Strategy Designer to create strategies, follow ‘experts’ or purchase a strategy template from the marketplace. Using the Strategy Designer, users can select up to 30 technical indicators and 90 candlestick patterns to create a strategy. Cryptohopper comes with an automatic backtester that tests, rates, and deploys trading strategies.
The price per month is;
- Pioneer is free
- Explorer package costs $19 per month
- Hero package is $99
HaasOnline is a platform that lets you develop, paper trade, backtest and deploy bots on over three dozen exchanges like FTX, Bybit, and Binance. The HaasOnline TradeServer lets you use pre-existing strategies, replicate historically proven trading strategies, or create your own proprietary strategy. Users can create robust trade bots line-by-line with an IDE-based editor or use their visual drag and drop designer without having to write a single line of code.
HaasOnline offers several subscriptions with varying restrictions on trade bots, backtesting, dashboards, and exchanges. No hidden fees or trade volume restrictions.
HaasOnline’s TradeServer is available in the Cloud and can be installed locally. TradeServer Cloud has a free 7-day trial as well as a free subscription. TradeServer Enterprise is the locally hosted version and is intended for advanced traders.
- Pro (Free 7-day Trial)
Subscriptions can be paid monthly or yearly with credit card or Bitcoin. All yearly subscriptions get 2 free months.