10 “Best” AI Crypto Trading Bots (April 2023)
Two of the key powers delivered by artificial intelligence (AI) are automation and insights, both of which play a key role in AI cryptocurrency trading. Trading bots are now being used by crypto investors to automate the buying and selling of positions based on key technical indicators, just as they are doing with regular AI stock trading.
There are some key challenges to trading crypto. For one, the markets are open 24/7, making it necessary for traders to constantly monitor the charts if they don’t want to miss out on a trade. This is one of the key reasons AI crypto trading bots have become popular over the years.
AI trading bots achieve a higher level of performance, and they don’t require the user to spend loads of time studying different strategies and parameters. And they are a great option for those looking to get into crypto trading since they enable non-professional traders to leverage profitable strategies.
Because of their popularity, there has been a rise of AI crypto trading bots on the market.
Here is a look at some of the best AI crypto trading bots:
Pionex is a trading platform that enablers users to use multiple types of bots. Some of these bots include:
Grid Trading Bot – This enables you to trade crypto within a specified range using the integrated auto-trading bots, which help you buy low sell high automatically 24/7. All you need to do is specify your trading range.
DCA (Dollar Cost Averaging) Bot – This is also known as the Martingale Bot, it is developed and designed with the traditional martingale strategy core idea, which is a strategy of laddering-buy, selling all at once. And it will use more funds to buy for each dip to significantly reduce the average holding cost.
Rebalancing Bot – If you are optimistic about multiple coins at the same time, and are willing to hold coins for a long time to gain value appreciation, you can choose to use the rebalancing bot.
The best part about Pionex is you do not need to use APIs to connect to 3rd party exchanges, all trading is done within the platform. There are also many other types of bots that you can choose from.
Mizar is a Crypto trading platform that manages, optimizes and automates trades successfully, without you having to spend endless hours staring at charts.
There are various options, the simplest is the Copy Trading. Invest in strategies or signals provided by professional traders, it is a simple process to emulate and copy successful trades.
Otherwise a user can set-up trading bots and automate cryptocurrency trading 24/7, best of all if you get copied by other users using the copy trading feature than you can earn a passive income. The types of functionalities offered include advanced features like Take Profit, Stop Loss, Trailing & more to minimize risks, while attempting to maximize profits.
It is also simple to use the Dollar Cost Averaging (DCA) bot to control the level of risk. DCA is an investing strategy that can be used to reduce the risk of opening a position at one single time. DCA Bots are automated programs that use a highly strategic, yet simultaneously simple technique to invest in a fund, stock, or in this case cryptocurrency, to reduce the risk of opening a position at one single time. A DCA strategy buys or sells a cryptocurrency at preset intervals, aiming at improving the entry price of a trade over time.
Here are some of the top benefits of Mizar:
- No monthly subscription fee or upfront costs
- One-click bots copy trading with profit sharing
- DCA bots and Smart Trading Terminal
- Paper Trading Account to test strategies risk-free
Overall, Mizar offers the basic functionalities of most bots along with some advanced features.
How to invest in Mizar
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Next up as one of the best AI crypto trading bots is Cryptohopper, which is an AI-powered crypto trading bot that helps you save time by automating your trading. The multi-purpose platform combines its hub functions, copying service, social trading, and an investment portfolio management service to offer a wide range of services.
The terminal trades in top cryptocurrencies like Bitcoin, Ethereum, and Litecoin. In total, it is compatible with up to 75 cryptocurrencies and nine major exchanges, such as Binance, Coinbase Pro, Kraken, Bitfinex, Cryptopia, Huobi, and Poloneix. One of the greatest features of CryptoHopper is that it enables free-of-charge trading bots, which allows you to create and test your own bots.
The platform’s semi-automated trading bot allows traders to get rid of human tendencies and emotions, which improves the trading process. Instead, it relies on technical-based trading algorithms and programmed trading approaches.
CryptoHopper provides a wide range of trading tools that have features like bot backtesting, saveable templates, trailing stops, and customizable indicators. The platform is a web-based solution that features an intuitive and easy-to-use interface. You can configure the trading bot to automatically trade 24/7, as well as use algorithmic and social trading.
The platform also offers great customer support, with a support team that can help with any issues that might arise. Good customer support is one of the most important aspects of any crypto trading bot.
Here are some of the top benefits of CryptoHopper:
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Wide Range of Tools
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Intuitive Interface
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Large Exchange/Crypto Compatibility
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Customer Support
Welcome to Cryptohopper
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Another great option for an AI crypto trading bot is Bitsgap, which offers crypto trading bots, algorithmic orders, portfolio management, and free demo mode in one place. One of the top selling points of Bitsgap is that it makes it possible to connect all of your exchanges in one place. This has many great benefits, such as allowing you to execute strategies easily and deploy advanced bots simultaneously across platforms.
By bringing everything together in one place, you can compare rates from various digital currency markets, trade and switch between exchanges, track your investments, and test strategies through a demo account.
Bitsgap is integrated with 30 different exchanges, including top ones like Binance, Kraken, and Bitfinex. On top of that, it offers access to over 10,000 cryptocurrency trading pairs and various technical indicators to help establish your strategies. The intuitive interface makes automated trading possible for beginners and professionals alike.
One of the unique features of the Bitsgap trading bot is that it ensures your investments are distributed proportionately within your chosen range, which lets you make small, frequent profits on every market move. Orders are executed and new orders are placed when the price hits the desired range.
Here are some of the top benefits of Bitsgap:
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Bitsgap Demo Account
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Integration With 30 Different Exchanges
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10,000+ Cryptocurrency Trading Pairs
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Proportionate Distribution of Investments
How to start an automated crypto trading bot? [Bitsgap Tutorial]
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Yet another great platform for AI crypto trading is TradeSanta, which is a cryptocurrency trading software and bot that helps users navigate the crypto market and leverage the fluctuations in value.
Like other top platforms, TradeSanta enables you to trade 24/7, and the setup is quick and easy. All you have to do is create an account, choose your trading pairs, and set up the trading bot in a matter of minutes.
TradeSanta is especially useful for beginners and casual traders. 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.
One of the other upsides of TradeSanta is that it does not have heavy limits on the volume of trading, which means you can buy and sell large quantities of crypto without major spikes or price drops.
Here are some of the top benefits of TradeSanta:
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Trade 24/7
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Quick and Easy Setup
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Useful for Beginners/Casual Traders
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No Heavy Limits on Volume
Explaining TradeSanta
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A multi-platform crypto bot powered by AI, CryptoHero was created by experienced fund managers who have been involved with trading crypto and other markets for decades. The platform offers access to hundreds of cryptocurrencies, which keep expanding as it partners with more companies, and it is integrated with top crypto exchanges like Binance and Kraken.
You begin by setting your parameters for trading, and once complete, the AI optimized bots run simulations and provide information about the best opportunities on the market. It allows you to set entry and exit conditions, as well as different types of indicators to check trends and keep up to date.
One of the other top features offered by the platform is backtesting, where you can test a trading strategy you’re not 100% sure about. It will use your strategy in different market conditions to improve your decisions.
Here are some of the top benefits of CryptoHero:
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Created by Experienced Fund Managers
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Hundreds of Cryptocurrencies
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Entry and Exit Conditions
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Backtesting
How to create your first crypto trading bot on CryptoHero
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Kryll is an automation software and AI-powered crypto trading bot designed to help day traders streamline the management of their crypto trading. One of the best aspects of this platform is the crypto builder, which helps beginners create scripts without the need for previous coding knowledge. With a drag-and-drop system, users can link pre-existing features into specialized bots.
Kryll also offers the Marketplace, where experienced traders and other individuals share their strategies for a fee. This feature is useful for beginners or anyone lacking experience in crypto trading.
The platform offers other top features like its Trading Terminal, which allows you to set stop-losses and multiple take profits, and its Strategy Editor, where you can create an automated trading algorithm with a drag-and-drop interface.
Here are some of the top benefits of Kryll:
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Streamline Crypto Trading
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Crypto Builder
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Marketplace
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Trading Terminal
Why use Kryll when starting in Crypto?
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HaasOnline enables you to develop, backtest, and deploy high frequency crypto trading bots across dozens of cryptocurrency exchanges quickly. The trading bot’s preset functions allow it to analyze trends and make the best decisions.
The software automatically executes orders while maintaining a market overview, and trading can be carried out quickly and more efficiently. According to the platform, it maintains the highest standard of technology by continuously developing trading bots.
One of the best features of HaasOnline is its backtesting historical and real-time function, which allows you to view and test the settings of your bot in real time or in the past. With this function, you can see how your bot performs, as well as how it would have performed if you had certain settings.
Another unique feature is the Visual Editor, which is combined with HaasScript to enable you to quickly create, backtest, and deploy scripts across multiple cryptocurrency exchanges. You can design your own crypto algorithms with pre-built solutions, or you can browse the marketplace for third-party solutions.
Here are some of the top benefits of HaasOnline:
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Preset Functions
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Automatically Executes Orders
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Backtesting Historical and Real-Time
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Visual Editor
Crypto Market Making: Automate crypto market making as a viable strategy in 2021
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Closing out our list of best AI crypto trading bots is Gun Bot Shop, which enables you to “automate your trading and get autopilot passive income.” The platform supports a wide range of exchanges like Binance, Binance US, Bitmex, Coinbase Pro, Kukoin, HitBTC, Kraken, and more for a total of 100+.
Compatible with Windows, Mac, and Linux, the platform helps you automate crypto trading and generate passive income. You can execute 14 precoded professional trading strategies, and it includes free access to a support Telegram group.
The platform’s newly designed graphical interface is designed to make the entire process easy and simple. You can quickly check your portfolio value, the charts of all the pairs, your balance for each coin, your recent trades, and other valuable information. You will also receive advanced trading indicators, reversal trading, dollar cost average down, and more.
Here are some of the top benefits of Gun Bot Shop:
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Generate Passive Income
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Supports 100+ Exchanges
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Compatible With Mac, Windows, Linux
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Highly Useful Graphical Interface
Coinrule empowers cryptocurrency traders to compete with professional algorithmic traders and hedge funds with no coding required.
Set custom automated trades and never miss a rally or get caught in a dip. Coinrule obsessively seeks out effective market indicators to enable smart allocation of funds while putting you in control of your trading machine.
What sets them apart from competitors is that you can choose from 250+ preset rules. Some of the unique strategies including:
Accumulate the Daily Top Performer – Periodically move your funds to the tokens that are performing better than the ones in your wallet.
Priced Based Accumulation – Periodically accumulate a token below a defined price.
They can connect to major exchanges including: Binance, Coinbase Pro, Kraken, OKX, Bitstamp, Bitpanda Pro, KuCoin, and BitMex.