The year 2020 may have been a tumultuous one for the entire world, but it has definitely been a historic year for Bitcoin. With a surge in price and an increase in institutional investments, more people are becoming interested in the rising industry of Bitcoin trading using automated bitcoin bots.
Automated Trading Bitcoin Bots - An Easy Solution for Consistent Crypto Profits
The year 2020 may have been a tumultuous one for the entire world, but it has definitely been a historic year for Bitcoin. With a surge in price and an increase in institutional investments, more people are becoming interested in the rising industry of Bitcoin exchange automated trading using best bitcoin bots, we are seeing cryptocurrency trading automation rising.
Indeed, there is a promising future for those who are into the buy and sell of cryptocurrencies. Despite the presence of risks, huge opportunities still await those who follow an optimum crypto trading strategy and use one of the best crypto trading bot.
Innovation for early crypto adopters never stops. We see the rise of new technologies that help open financial systems and equalize economic opportunities across the globe.
With automated crypto trading solutions, more people can now take part in profiting from the buy and sell of digital currencies. It creates a more inclusive atmosphere in the industry as it invites people from different fields with various careers and interests.
By simplifying the process of cryptocurrency trading, almost anyone can now participate in the trading community without sacrificing much of their time and without having to take unreasonable risks in the process.
The use of crypto trading bots and automated trading tools can optimize one’s trading strategy and open bigger opportunities for passive income generation.
What is a Bitcoin trading bot?
What is a Bitcoin trading bot? Bitcoin trading bots are software programs that execute trades automatically based on predefined triggers or algorithms. The software behind a crypto trading bot works 24/7/365 and can be left alone to run on its own. The purpose of these trading bots is to profit from small price movements and to automate the trading process. Trading bots are not a new concept, they’ve been around for years and have made people fortune in the stock exchange markets.
How do you find the best Bitcoin trading bot?
The best trading bots can be found either on forums or websites. But how do you choose if you are not sure what you are getting yourself into? The best bots can be found on forums, but there is a catch. You need to know how to make the most out of them, and the only way to learn is to ask the right questions. The other way to find the best Bitcoin trading bot is to check out various websites. But how do you know which one is telling you the truth and which one is just trying to fool you into signing up? There are a lot of traders who are doing their best to help others, but it's hard to differentiate between the honest ones and the trolls.
Here are some of the best automated cryptocurrency trading bitcoin bots to experience simpler and easier trading that can give them profitable results:
Top 6 Bitcoin trading bots you can use today
The Altrady cryptocurrency trading platform may be a new face in the automated trading game, but the updated features of the application show a promising future for the trading community. Altrady introduced his new signal bot in February of 2022 and it's expected to release grid bots and DCA bots in Q1 of 2022.
Multiple Exchange Trading
Altrady currently has 17 supported crypto exchanges such as Binance, FTX, ByBit, FTX US, Bitvavo, Gate.IO, Bittrex, BitMEX, KuCoin, Kraken, Coinbase Pro, HitBTC, Huobi, OKEx, Poloniex, Binance US, and Binance Futures. This feature lets you trade on all these exchanges without the usual difficulty or hassle.
Once you have connected your Altrady account to any of the exchanges through API, you can immediately experience a seamless trading process. Buy and sell coins on different exchanges using Altrady’s website or desktop application. Manage your trades and monitor positions from anywhere through a single app on your smartphone.
Altrady’s multi-exchange trading terminal also features a page where you can view multiple charts from your favorite markets. Select as many markets and create your own layout to monitor the movement of markets on one screen.
Automatic Portfolio Tracking & Trading Analytics
Keep track of the movement of your Bitcoins and altcoins from across exchange wallets using Altrady’s automatic portfolio manager. This gives you a comprehensive overview of the totality of your assets and gives you a detailed idea about their distribution per currency and crypto exchange. With an automatic reporting of your assets, you can easily make the right decisions and adjust your trading strategies accordingly.
Another useful tool that Altrady offers is an automatic break-even calculator. Through this tool, you can immediately see whether or not you are still profiting from your trades on a particular market.
You can also use Altrady’s trading analytics to help you check the overall performance of your trades across your buy and sell history. This tool automatically aggregates all the information necessary to analyze your trades to guide your future actions.
Take Profit Order & Trailing Stop Order
Advanced orders are a new addition to Altrady’s variety of trading order types. With take profit order and trailing stop order, you can participate in the most profitable market opportunities even when you are asleep or away from your trading screens.
What are take-profit orders?
Take profit orders are standing orders where you specify a certain price point above the buy price. This is to maximize your profits through the immediate sale of your coins when a quick price increase happens. Take profit orders to reduce your risks to dynamically changing markets by allowing you to profit when a good price move happens.
What are trailing stop orders?
Trailing stop orders are also good order types for maximizing profits and minimizing losses. If used properly, it can give you an advantage by letting your trades remain open to continue getting profits during favorable market conditions. It also prevents losses by immediately stopping when the coin market goes in the opposite direction of a predetermined trigger price.
Full Crypto Trading Automation Bots in 2021 at Altrady
According to Altrady’s roadmap, there are more automated trading features to be released in the future. By the third quarter of 2021, Altrady will be releasing bots and a marketplace to fully automate the entire process of buying and selling coins. Once this happens, traders will no longer need to select the marketplace and create the initial buy order. They can start using bots and marketplaces within the Altrady crypto app and experience hassle-free trading.
Altrady has three subscription plans:
-Basic at €24.95
-Essential at €44.95
-Premium at €79.95
-Free trial subscription is offered for two weeks.
Cryptohopper is among the most popular cryptocurrency trading bots in the worldwide market. It boasts of great innovation in automated trading with multiple tools available to make anyone’s trading adventure less difficult, definitely one of the best cryptocurrency platforms.
Cryptohopper is a trading bot platform that was started by Ruud Feltkamp and Pim Feltkamp. Although having a humble beginning, they managed to grow Cryptohopper into a huge community of more than 250,000 trades. We recommend reading the cryptohopper review for a better understanding of the platform and his pros and cons.
Here are some of the coolest features of the Cryptohopper automated Bitcoin exchange trading software:
Cryptohopper automated crypto bots platform works 24/7. It is a data-driven technology that prevents buyers’ non-strategic emotional responses on their trades.
With Cryptohopper’s automated trading tools, users can maximize their opportunities during bullish markets, prevent losses during bearish markets, or continually grow their basket of assets during different market conditions.
Traders can have reserved funds by saving up and holding a piggy bank for all their crypto earnings. You can also take advantage of the trailing stop loss, positive pair trading, scalp trading, dollar-cost averaging, and short-selling features on the platform.
Trailing Stop Loss
Cryptohopper allows you to create trailing stop loss and trailing stop buy orders to help you sell at a maximum profit and buy at the cheapest possible price level during a certain trading period.
Cryptohopper’s trailing stop loss orders has two components — arm trailing stop loss and trailing stop loss percentage. When using arm trailing stop loss, your Cryptohopper bot will turn on a stop loss once you have gained a profit of a certain amount. After being armed, then your hopper will use the trailing stop loss percentage to sell your coins once the price drops to your chosen level.
Another option that you can choose is trailing stop short where you can buy back coins at a cheaper price level. Cryptohopper makes this possible by actively tracking the price of your short positions, checking for signs of a reversal, and capturing the moment when the price starts rising to close short the position before starting anew.
Subscribing to the trading bot services of Cryptohopper allows you to experience automated trading on multiple cryptocurrency exchanges such as HitBTC, OKEx, Bitpanda Pro, KuCoin, Bitvavo, Binance, Binance US, Coinbase Pro, Bittrex, Poloniex, Bitfinex, Huobi, and Kraken.
Exchange and Market Arbitrage
Cryptohopper’s exchange and market arbitrage lets you benefit from price differences between cryptocurrency exchanges. With Cryptohopper, you can do exchange arbitrage between exchanges without the need to send coins from one exchange to another. You simply have to connect the exchanges, enable Cryptohopper’s exchange arbitrage feature, and let the arbitrage app find arbitrage opportunities.
Cryptohopper offers four packages:
-Pioneer for free
-Explorer (starter package) at $19/month
-Adventurer (trader plus package) at $49/month
-Hero (pro trader package) at $99/month
3-commas offers automated trading solutions for those who want to maximize their potential of earning consistent crypto assets from buying and selling coins. The wonderful thing about using 3Commas is its vast functionality and friendly user interface.
Here are some of the things that you will love as a crypto trader with 3commas:
3Commas is easy to use since it has intuitive features that allow you to easily customize your entire trading experience and personalize your trading strategies. Just use the sliders and marked indicators on your dashboard to choose which trading strategy to command your bot to follow.
Automated Trading Strategies
All crypto traders are welcome to use 3commas. No matter what your reason is for trading and no matter which strategy you use, you can surely find something to help you with. There are a lot of trading strategies available, but the ones which are most frequently used are stop loss, trailing stop loss, take profit, and trailing take profit.
Make use of 3commas powerful algorithms to automate your trading activity. With 3commas, you can use a simple bot that runs one trading pair or a composite bot that runs multiple trading pairs. You can also choose between a long algorithm where your bot buys a coin with the settings you built (here, orders for sale are placed at a higher price) or a short algorithm that lets your bot sell coins after you created the settings (then set a buy order at a lower price level).
There are three plans and pricing schemes offered by 3commas:
-Starter Package at $14.5 per month
-Advanced Package at $24.5 per month
-Pro Package at $49.5 per month
All these plans allow you to make integrations to 23 cryptocurrency exchanges, enjoy a multi-level referral program, and manage your crypto accounts in a single portfolio.
See also: Best Grid Trading Bots
Shrimpy is a reputable crypto trading platform that offers automation to help users save time in keeping track of their digital portfolios and managing their buy and sell orders. It is a cloud-based application that is famous for its innovative portfolio management features.
Here are some of the best-automated bitcoin trading features offered by Shrimpy:
Portfolio rebalancing is one of the most notable features of Shrimpy. It lets traders configure their crypto portfolio by specifying the percentage weighting of each cryptocurrency’s value in the overall portfolio and setting it to be automatically rebalanced over a specified period.
Using portfolio rebalancing can help traders take advantage of the volatility of crypto markets. When a rapid increase in coin price happens, bots make use of portfolio rebalancing strategy to lock in the gains and distribute them across the trader's crypto portfolio.
Automatic Portfolio Tracking
Shrimpy’s automatic portfolio tracking tool allows you to link unlimited exchanges, monitor trade performances, and even blacklist assets. It also has cold storage support, multiple portfolio management feature, instant portfolio allocation, strategy automation, and real-time notification.
Shrimpy offers two subscription plans:
Holder Plan - free
Professional Plan - $19 per month
See also: Should you buy Ethereum in 2021?
Despite the multitude of the presence of cryptocurrency trading platforms for traders worldwide, Bitsgap still takes a spot on the list of the best-automated bitcoin trading apps. Bitsgap helps thousands of users to maximize their returns through algorithmic trading and other automated solutions.
Here are some of the most notable features of the trading app:
Trade on more than 25 cryptocurrency exchanges using the Bitsgap trading platform. This software supports integration to exchanges like Binance, Bitfinex, OKEx, Huobi, HitBTC, Bittrex, KuCoin, Kraken, CEX.io, Poloniex, Bitstamp, Coinbene, and Gemini, among others.
Fully-Packed Trading Terminal
Bitsgap’s trading terminal can be used to buy and sell coins from the supported exchanges without additional trading fees. It boasts of a wide array of trading tools such as smart drawing tools, customizable charts, trade visualization, day and night display modes, and more than 100 popular indicators, among others.
Basic & Advanced Trading Order Types
Users can follow different strategies without worrying about the usual roadblocks of limited time and resources. With the help of Bitsgap, traders can get on a smooth ride on their trading journey by being able to choose between different order types.
Bitsgap’s smart orders protect traders’ funds by simultaneously setting stop loss and take profit orders. Shadow orders can also be placed to make stealth trades off the order book without the need of reserving the available balance on the exchange. Stop-limit orders can be executed at a specified price or better after the stop price level has been reached.
Smart Trading Bot
Bitsgap’s smart crypto trading bot lets you profit from trades without doing the hard work. The bot features a smart strategy design where you could create your bot trading strategy with just a few clicks. If you are a beginner trader without experience in creating a personal strategy, then you can choose from among a wide range of predefined strategies that are based on successful backtest results.
Crypto Market Signals
Bitsgap uses algorithms to analyze more than 10,000 cryptocurrency pairs every second. Signals enable the system to show the coins with the highest growth potential so that traders can have the best profit possible for a particular trading period. With these signals, you can filter opportunities based on raise percentage, signal strength, and detection time.
Bitsgap has four main subscription plans:
-Free Plan with $1000 monthly trading limit at zero cost.
-Basic Plan with all standard features at $19 per month
-Advanced Plan with all standard features plus trading signals, portfolio tracker, and demo trading at $44 per month.
Zignaly is a cloud-based cryptocurrency trading bot that provides useful tools for the effective analysis of market fluctuations. Despite being new to the industry, Zignaly has managed to attract thousands of users through its technical innovation which includes multiple trading automation levels.
Here are some of the best features of the Zignaly automated bitcoin trading software:
Position-based Trading Terminal
Zignaly’s position-based trading terminal allows you to set your entire trading strategy according to your goals and strategies. Its high-end features enable users to create concurrent different order types on the same balance, split take profit targets, check results per position, and combine trailing stop orders.
Using the Zignaly trading bot opens you to many profitable possibilities through copy trading. Even if you have not much experience or expertise in buying and selling cryptocurrencies, you can still make good trades through using other people’s strategies. Explore the many available settings on Zignaly, find top-performing crypto traders, and copy their trades. Zignaly does the job of automatically replicating their trades.
Automated Trading Terminal
Advanced traders can use Zignaly’s trading terminal which also acts as a position strategy builder where you can readily set multiple options such as DCA rebuys, stop loss, trailing stop, and more. Zignaly has more than $77 million monthly trading volume.
Crypto Trading Bot
Through Zignaly’s crypto trading bot, you can fully automate trading by connecting the bot with your chosen signals provider. Even when you sleep or do other things, the bot will do the work for you. Accept signals to use on auto-mode or set your own rules to close positions. With Zignaly’s crypto trading bot, you can trade unlimited coin pairs, accept multi-targets from signals, create trailing stop-loss orders, trade using TradingView signals, and more.
Do you know what’s one of the most beautiful things about Zignaly? It offers free subscription! With Zignaly’s free subscription plan, you can already have unlimited exchange accounts, unlimited coin pairs, unlimited positions, and priority support.
See also: Shorting Cryptocurrency
Final Thoughts About The Best 6 Automated Bitcoin Bots
The growth of automated trading technologies proves the increasing importance of using innovation to capture profitable opportunities and minimize risks. But should you consider full crypto bots automation or not? Does it guarantee crypto trading success?
Although automated cryptocurrency trading bots are highly beneficial, the sole use of such platforms does not guarantee profits. You have to exercise discipline, wisdom, and strategic thinking when doing trades.
When starting cryptocurrency trading, it is important to choose an automated bitcoin trading platform that has a simple interface. This will ease the process and make you more confident with what you are doing. It is also crucial to choose an automated trading application that has a wealth of tools to help you move forward on your journey. Advanced tools such as automatic portfolio trackers and trading analytics can boost your trading success and empower you to make the right trading decisions for the constant growth of your crypto portfolios.