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Top 10 Trading Bots Reviewed 2024

Crypto’s volatility lures traders with fortunes, but efficiently capturing moves proves challenging manually. This gap between ambition and consistent execution drives interest in trading bots.

In simple terms, crypto trading bots are algorithms designed to execute specific trading strategies. The more sophisticated bots analyze various patterns and signals and make trades when certain conditions are met. To operate these bots, you link them to your exchange through something known as an application program interface (API), which allows the bot to execute trades on your behalf.

For active traders, bots can significantly lighten the load. Instead of monitoring multiple screens simultaneously to capture the right trading opportunities, you can manage everything from a single device with a bot handling the rest. If you configure the bot to mimic your trading actions, what difference does it make whether it’s you or the bot executing the trades? In fact, bots often perform better because unlike humans, they don’t make errors driven by emotions.

You might already know that many exchanges offer their own native bots, which might be a relatively decent starting point for automated trading. Moreover, these are quite straightforward to access—simply use the trading bot or copy trading options available on your exchange. So, we won’t cover these exchange options in this article; instead, we will focus on third-party providers like Bitsgap or Cryptohopper, which specialize in crafting custom-built trading bots tailored for individual needs.

Without further ado, let’s get started and cover some of the best trading bots on the market.

Bitsgap: #1 Best Crypto Trading Bot

Bitsgap is an all-in-one cryptocurrency trading platform that provides users with a comprehensive suite of tools to automate and enhance their trading activities. The platform offers a variety of trading bots, a smart trading terminal, portfolio management, and a demo trading mode. It allows users to connect to multiple cryptocurrency exchanges via a single interface, enhancing the efficiency of trading and management of digital assets.

Range of Bitsgap’s Trading Bots

Bitsgap offers several types of trading bots, each designed to cater to different trading strategies and market conditions

  • GRID Bot: This bot is designed to place a series of buy and sell orders within a pre-determined price range. The bot capitalizes on normal market volatility by purchasing low and selling high within the set price range.
  • DCA Bot (Dollar Cost Averaging Bot): Helps users to invest at different price levels to reduce the entry price over time. This is particularly useful in volatile markets to spread out the investment risk.
  • BTD Bot (Buy The Dip Bot): This bot focuses on buying assets during temporary price dips and selling them when the price recovers, aiming to profit from short-term price fluctuations.
  • COMBO Bot: Combines the features of both GRID and DCA bots, allowing for more flexible strategies that adapt to both sideways and trending market conditions.
  • DCA Futures Bot: Similar to the DCA Bot, but specifically designed for use with futures contracts, providing traders with the ability to hedge or leverage their positions.

Connection to Exchanges: Bitsgap is compatible with over 15 major cryptocurrency exchanges, allowing users to manage their accounts across multiple platforms seamlessly. Some of the supported exchanges include:

  • Binance
  • OKX
  • KuCoin
  • Bybit
  • Coinbase Advanced
  • Kraken

Additional Features

Bitsgap’s trading terminal is equipped with advanced trading features, including over 100 technical indicators and 50 smart drawing tools. It provides traders with detailed analytical tools to make informed decisions.

Bitsgap offers several types of smart orders to enhance trading strategies:

  • Stop Limit Orders: Execute a buy or sell order at a specified price or better.
  • Take Profit: Automatically closes a trade to capture profits at a predetermined level.
  • Stop Loss: Automatically closes a trade to limit losses if the market moves against the position.
  • Trailing Stop: Adjusts the stop level as the price moves in favor of the trade, securing profits while protecting against reversals.
  • OCO (One Cancels Other): A pair of orders where if one order is executed, the other is automatically canceled.

Additionally, Bitsgap prioritizes user safety through rigorous adherence to various security measures. This unwavering commitment to security is a key reason traders prefer Bitsgap over other cryptocurrency trading services that have suffered compromises (not to mention Bitsgap’s impeccable record of zero hacks since its inception). On top of supplementary security measures like countertrade protection, API lock, and others, all API keys are encrypted with cutting-edge encryption practices set for 2024 standards.

Demo: Bitsgap provides a free demo trading mode where users can practice trading strategies with virtual funds. This mode helps users to familiarize themselves with the platform’s features without any financial risk.

Pricing: Bitsgap offers a flexible pricing model that starts with a free trial period of 7 days on the PRO plan. After the trial, users can choose from three subscription tiers, which vary in terms of the number of features and the level of access to different tools, starting as low as $23/mo. Additionally, Bitsgap distinguishes itself from its competitors by being the sole platform that offers substantial discounts at the point of sign-up. Through dynamic discounts, engaging contests and regular promotions, Bitsgap puts user savings first.

Cryptohopper

Cryptohopper is a comprehensive, automated crypto trading platform designed to simplify and enhance the trading process. It allows users to automate their trading strategies by employing various bots and tools, like backtesting and copy trading, across numerous major cryptocurrency exchanges.

Range of Trading Bots

  • Automatic Trading Bot: This bot automates trading based on predefined strategies and signals. It scans the cryptocurrency markets for potential trades that fit the user’s criteria and executes them automatically.
  • AI Trading Bot: Incorporates artificial intelligence to analyze and select from various trading strategies. Learns and adapts to market conditions, deciding on the most appropriate strategies to employ.
  • Dollar Cost Averaging (DCA) Bot: Executes purchases of a particular asset at regular intervals to reduce the impact of volatility.
  • Copy Bot: Allows users to directly copy the trading strategies of experienced traders. This is particularly beneficial for new traders who can benefit from the expertise of seasoned market participants.
  • Market Making Bot: Aims to profit from spread differences between buy and sell orders. It is designed for more advanced users who can leverage market inefficiencies.
  • Exchange Arbitrage Bot: This tool takes advantage of price discrepancies across different exchanges. It buys cryptocurrencies from one exchange where the price is lower and sells them on another where the price is higher.
  • Trailing Stop Bot: Includes features like Trailing Stop-Loss and Trailing Stop-Buy, which protect gains and minimize losses by dynamically moving stop levels as market prices fluctuate.

Connection to Exchanges: Cryptohopper is connected to a wide range of leading cryptocurrency exchanges, enhancing its accessibility and functionality. Examples of these exchanges include:

  • Binance
  • Coinbase Advanced
  • Kraken
  • Huobi
  • Poloniex

Additional Features

  • Paper Trading: Enables users to simulate trading and test strategies without risking real funds.
  • Backtesting: Allows traders to test how their strategies would have performed in the past.
  • Strategy Designer: Provides tools to create custom trading algorithms.
  • Marketplace: A place where users can buy and sell signals, strategies, and templates.
  • Tournaments: Compete with other traders and win prizes.

Pricing: Cryptohopper provides a tiered pricing structure that caters to different levels of trading expertise and needs. Following a free 3-day trial, there are subscription options starting at $24.16/mo.

3Commas

3Commas is a comprehensive crypto trading platform that facilitates automated trading through the use of trading bots. The platform integrates with a variety of cryptocurrency exchanges and offers a suite of tools that enable users to execute trades, plan their investment strategies, and monitor market conditions.

Range of Trading Bots

  • DCA Bot: The Dollar Cost Averaging (DCA) Bot allows users to invest in cryptocurrencies by making regular purchases of a target asset at preset intervals, regardless of the asset’s price.
  • GRID Bot: Designed to perform well in sideways markets, the GRID Bot helps traders profit from natural market fluctuations. It places a grid of buy and sell orders within a chosen price range, buying when the price dips and selling when it rises.
  • Signal Bot: Allows users to execute trades based on signals from TradingView, automating trades that are triggered by specific technical analysis indicators or criteria.

Connection to Exchanges: 3Commas connects to 14 major cryptocurrency exchanges, providing a wide range of options for traders to deploy their bots. Some examples of supported exchanges include:

  • Binance
  • OKX 
  • KuCoin
  • Kraken
  • Bitstamp
  • Coinbase Advanced
  • Bybit

Additional Features

  • Smart Trade: This terminal offers enhanced automation for trades, allowing users to set up advanced order types that are not typically available on exchanges. This includes setting simultaneous stop-loss and take-profit orders.
  • Crypto-Signals: Access professional trading strategies and signals to inform trading decisions.
  • API Access: For developers, 3Commas provides API access to build unique functionalities on top of its platform.

Demo:  3Commas offers a demo mode, allowing users to try out the platform without risking real money. This is a valuable feature for newcomers to familiarize themselves with automated trading and for experienced traders to test new strategies before applying them to live markets.

Pricing: After a no-risk trial period, 3Commas offers accessible monthly subscriptions fitting basic to advanced needs. Plans start at $37.

Gunbot

Gunbot is a community-made crypto trading bot that emphasizes privacy and operates without the need for cloud services. It runs directly on the user’s computer, which allows for increased security and privacy of the API secrets and trading data. The platform supports various operating systems, including Windows, Linux, macOS, and Raspberry Pi, providing flexibility to users across different environments.

Range of Trading Bots

Gunbot offers several pre-tuned trading strategies, such as the stepGrid and stepGridscalp, which are designed to be profitable out-of-the-box. Users can simply activate these strategies, and the bot will start trading according to the predefined settings. These strategies are suitable for users who prefer a plug-and-play experience.

For more advanced users, Gunbot provides the ability to craft custom strategies and code them in JavaScript. This allows for a high degree of customization and the automation of specific trading ideas. The bot caters to both beginners who want simplicity and experienced traders who require deep customization.

Connection to Exchanges: Gunbot supports more than 20 exchanges, allowing users to trade a variety of cryptocurrency pairs. Examples of supported exchanges include:

  • Binance
  • Bitget
  • Bybit
  • Crypto.com
  • dYdX

Additional Features

  • Total Control, No Cloud Dependency: Gunbot operates on the user’s device, ensuring complete control over the trading process and data privacy.
  • Plug and Play Strategies: Comes with pre-tuned strategies that are ready to use immediately.
  • Unlimited Possibilities for Power Users: Offers unlimited bot instances, custom strategy creation, and automated configuration changes.
  • Free Updates: Gunbot provides free software updates, ensuring the platform remains up-to-date with the latest features and improvements.
  • Community Support: The platform has a strong community backing, with members sharing strategies and feedback. It also offers 24-hour support through a telegram group.

Demo: Gunbot includes a simulation or “paper trading” feature that allows users to test their strategies using real-time market data without risking actual funds.

Pricing: Gunbot offers different types of licenses with varying prices (starting at $199 for life) that largely hinge on the features included. Gunbot has been known to run promotions, such as free exchange slots on lifetime plans and upgrades.

Kryll

Kryll.io is an advanced and user-friendly platform designed for automating crypto trading strategies. It offers users the ability to create, rent, and implement trading bots without the need for coding skills. The platform features a marketplace for trading strategies, a visual strategy editor, portfolio management tools, and a smart trading terminal.

Range of Trading Bots

Kryll provides a marketplace with a selection of trading bots created by the community, rather than offering individual named bots. Each bot is a strategy that users can rent. Here are the general features you can expect from the trading bots on Kryll:

  • No-code Strategy Editor: Users can build their own trading bots using a drag-and-drop interface with advanced trading indicators such as MACD, RSI, Moving Averages, and Bollinger Bands.
  • Marketplace Strategies: There are 280+ strategies available for rent on the Kryll marketplace. These strategies are created by other users and are rated and reviewed, providing transparency and performance insights.

Connection to Exchanges: Kryll connects to nine different crypto exchanges. Some examples of the exchanges that the platform can integrate with include:

  • Kucoin
  • Binance
  • Kraken
  • Crypto.com
  • Bybit
  • Gate.io

Additional Features

  • Portfolio Management: Users can manage their crypto assets across multiple exchanges from a single Kryll interface.
  • Smart Trading Terminal: The platform offers a visual trading terminal where users can set up complex triggers for trades, including multiple take-profits, stop-losses, trailing stops, and exit at break-even strategies.
  • Mobile App: Kryll provides a mobile app available on iOS and Android, allowing users to manage their bots, monitor portfolios, and adjust strategies on the go.

Demo: The Kryll website does not specify a demo mode. However, there is a mention of new users being able to enjoy Kryll’s services free for up to a month with a $7 KRL airdrop, which can be considered an introductory trial.

Pricing: Pricing for using Kryll starts from $2 per month per bot. The platform offers a Pay As You Go model and includes a KRL holding system where users can hold Kryll tokens ($KRL) to unlock discounts.

Tradesanta

Tradesanta positions itself as a relatively straightforward all-in-one platform for cryptocurrency trading with user-friendly interface and a couple of decent automated trading bots.

Range of Trading Bots:

  • DCA Bot (Dollar Cost Averaging): This bot focuses on mitigating investment risk by purchasing assets over time, thus lowering the average purchase price. It is particularly useful for managing loss-making positions by buying additional assets at lower prices to achieve a more favorable average.
  • GRID Bot: Ideal for sideways or stable markets, the GRID bot sets a range of buy and sell orders. It buys when prices drop and sells when they rise, making profits from small market movements.

Connection to Exchanges: Users can connect Tradesanta to 9 exchanges, such as

  • Binance
  • OKX
  • Kraken
  • Bybit

Additional Features

  • Mobile App: A companion app allows users to manage and track their trading bots anytime, anywhere.
  • Trading Signals: Users can employ various technical indicators like MACD, RSI, Bollinger Bands, and TradingView Signals to inform bot activity.
  • Copy Trading: This feature allows users to replicate the strategies of experienced traders by copying their bot setups.
  • Risk Management Tools: These include stop-loss, trailing stop loss, and TradingView stop signals.
  • Bot Templates: Pre-set templates help users to quickly launch bots, or they can create customized strategies.

Demo: Yes, Tradesanta offers a demo mode that allows users to test their trading strategies without risking real funds.

Pricing: Tradesanta’s good-better-best subscription tiers align cost to unique needs. If just testing bots or running simple strategies, the Starter plan provides good value at only $18 monthly.

Coinrule

Coinrule is a platform designed to enable users to automate their cryptocurrency trading strategies without the need for coding skills. The platform emphasizes simplicity, security, and strategic flexibility, allowing users to compete with professional traders by catching market opportunities around the clock.

Range of Trading Bots

Coinrule offers a variety of automated trading strategies which users can utilize and customize. Here are the mentioned bots and their strategies:

  • Buy The Dip In Bull Market: This strategy involves purchasing assets when there’s a temporary price decline during a market trend that is generally increasing.
  • Buy The Dip Multi-Level: This bot executes buy orders at different price levels when the market dips, potentially averaging the investment cost.
  • Ride The Trend: This strategy identifies and follows an established market trend, allowing users to capitalize on the momentum.
  • Maximized Crossing Moving Averages: This involves using moving averages—a common technical indicator—to identify optimal entry and exit points.
  • Low Volatility Buy And Sell: This bot targets assets with low volatility, aiming for steady and less risky trades.

Connection to Exchanges: Coinrule is compatible with over 10 popular cryptocurrency exchanges, such as

  • Binance
  • Coinbase Advanced
  • OKX
  • Kraken
  • Kucoin
  • Uniswap

Additional Features

  • No Code Required: Users can create rules easily using a simple interface similar to IFTTT (If This Then That), making the process accessible even to those with no programming background.
  • Manage Volatility: The platform includes tools to help users navigate and potentially benefit from market volatility.
  • Marketplace: Offers additional strategies and community features.
  • Test Rule Performance: There is a feature to backtest strategies with historical data to gauge their potential effectiveness.

Demo: There’s a demo version available.

Pricing: Coinrule offers several pricing tiers, each with its own set of features, starting at $29.99/mo.

CryptoHero

CryptoHero provides a few decent automations along with a Bots Marketplace where users can access pre-configured bots set up by experienced traders.

Range of Trading Bots

  • DCA (Dollar Cost Averaging): This bot aims to reduce the impact of volatility by spreading the purchase of cryptocurrencies across periodic purchases of a target asset.
  • Spot Grid: This bot is designed to place buy and sell orders within a predefined price range, capturing profits from natural market fluctuations.
  • Future Grid: Similar to the Spot Grid bot, but tailored for the futures market.

Connection to Exchanges:  CryptoHero supports around 10 exchanges, including

  • Binance
  • Crypto.com
  • Kraken
  • Coinbase 
  • KuCoin

Additional Features

  • No Coding Required: Users can set up bots using an easy-to-follow system without needing to write any code.
  • Backtest: Before going live, users can test their strategies using historical data to assess performance.
  • Bots Marketplace: Access to a selection of pre-configured bots created by experienced traders, allowing for quick setup.

Demo: The platform offers a feature referred to as “Risk-free Trading” on CryptoHero’s Paper Exchange, which suggests that a demo mode is available. Users can test their crypto bots without using real capital, which is equivalent to a demo mode.

Pricing: There are three plans available, with the cheapest option starting at $13.99/mo.

Zignaly

Zignaly is a social investment platform that allows users to engage in various forms of cryptocurrency trading by leveraging the expertise of professional traders. It offers several features such as copy trading, profit sharing, and access to crypto signals. The platform’s focus is on providing equal investment opportunities regardless of the investor’s income level or geographic location. It aims to create a community-driven environment where fund managers and investors can connect and benefit from shared experiences and strategies.

Range of Trading Bots

Zignaly is known for integrating with signal providers and allowing users to automate their trading based on these signals. Here are some general categories of bots available on the platform:

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  • Copy Trading Bots: These bots replicate the trades of experienced traders. Users can choose which trader to follow based on their trading performance and risk appetite.
  • Profit Sharing Bots: Instead of directly copying trades, profit-sharing allows users to invest with pro traders who manage their funds, and profits are shared according to a predetermined agreement.
  • Signal-based Bots: These bots execute trades based on crypto signals from integrated signal providers. Users can choose signals based on success rates and other performance metrics.

Connection to Exchanges: Zignaly doesn’t mention the exact number of exchanges it connects to. However, Binance is explicitly mentioned as a partner for asset custody, so it’s one example of a connected exchange.

Additional Features

  1. Profit Sharing 2.0: An updated version with a sleek interface and advanced tools for crypto traders.
  2. Z-Score: An AI-powered scoring algorithm to identify top traders based on profitability, risk, and consistency.
  3. Daily Profits Payout: Investors can receive their share of the profits daily when trades are closed.
  4. No Minimum Investment: Users can invest any amount they are comfortable with.
  5. ZIG Coin: A cryptocurrency associated with the platform, which serves as a part of its ecosystem.

Pricing: Zignaly operates on a profit-sharing model where there are no upfront fees or monthly subscriptions. Users only pay a “Success Fee,” which is a performance fee percentage of the earnings obtained from the different services. This implies that users are charged based on the profits made by the trading strategies they subscribe to.

Shrimpy

Shrimpy is a crypto portfolio management platform that allows users to automate trading strategies, track performance, and analyze the market with features tailored to their investment needs. Shrimpy emphasizes simplification of portfolio management and strategic trading, offering services like automatic rebalancing, backtesting, and the ability to manage all crypto assets from a single interface.

Range of Trading Bots

Here are the key automated features that can be considered as part of Shrimpy’s bot-like functionalities:

  1. Automated Portfolio Rebalancing: This feature allows users to set custom asset allocations with unique weighting methods. It can execute periodic or threshold rebalancing strategies to maintain the user’s desired portfolio distribution.
  2. Dynamic Indexing: Users can create custom indices based on asset categories. This feature helps in diversifying the portfolio based on different sectors within the cryptocurrency market.
  3. Portfolio Stop Loss: To manage risk, Shrimpy enables setting stop-loss thresholds, which can be critical during market downturns to limit potential losses.
  4. Portfolio Dollar Cost Averaging (DCA): This is a strategy where users invest a fixed amount of money into an asset at regular intervals, regardless of the asset’s price, to reduce the impact of volatility on the overall purchase.

Connection to Exchanges: Shrimpy can be connected to 8 cryptocurrency exchanges, including

  • Binance
  • Coinbase
  • Kraken
  • Gate.io
  • Gemini

Additional Features

  • Rewind: A feature that allows users to view historical snapshots of their portfolios and analyze trade data over time.
  • Data Vault: Provides instant access to a comprehensive history of all portfolio actions, trades, and asset movements.
  • Backtesting: With Shrimpy’s backtesting tools, users can simulate performance by testing different portfolio strategies using historical data.

Demo: Shrimpy does offer a demo mode. This allows potential users to explore the platform’s features and functionalities without committing to a paid plan immediately.

Pricing: Shrimpy offers different pricing tiers to cater to various user needs, starting at $19/mo.

Conclusion

Hopefully, this breakdown of the 10 top trading bots has provided ample options to suit diverse strategic needs and budgets. We’ve aimed to showcase the unique capabilities and value propositions of reputable solutions tailored to both new and experienced traders.

Ultimately, only you can decide which platform best complements your risk temperament, technical proficiency and style preferences. Carefully weigh factors like transparency, reliability, level of control and customization against pricing when selecting the right fit.

Remember—a bot’s effectiveness stems wholly from the human strategy directing it. Define strategic objectives, risk parameters and proper testing protocols before deploying automation. Refine tactics over time as markets evolve. Good luck!

 

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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