Cryptocurrency trading isn’t easy. However, there are many people who have honed the art of trading bitcoins and altcoins on a daily basis. Trading bots are used by many cryptocurrency traders to execute trades faster and more efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do. However, they do it autonomously and can operate continuously without having to rest.

Trading with automated crypto trading bots is a technique that uses pre-programmed software that analyzes market actions, such as volume, orders, price, and time, and they are rather common in the bitcoin world, because very few traders have time to stare at the charts all day. Bots or program trading is used within many global stock exchanges.

Most people trade bitcoin as a way to generate passive income while working their regular day jobs, and bitcoin trading bots are said to establish more efficient trading. There are controversial automatic Bitcoin trading bots like Cryptosoft, and there are bots that can be downloaded online, and there are also trading bot services like  you have to pay for, offered by various trading engine and programming companies.

Bitcoin trading bots can be utilized on many well-known cryptocurrency exchanges today. There are crypto bots that are free of charge and can be downloaded online, and there are also trading bot services you have to pay for, offered by various trading engine and programming companies.

According to InsideBitcoins, there are also the robots that have been claimed to be endorsed by celebrities like Bitcoin Trader. Remember though, not every robot is what it claims to be. Beware of Scams.

With so many people relying on crypto trading bots, the question becomes which one should be avoided and which one can be trusted. Below is a list of best cryptocurrency trading bots.

Cryptohopper is a crypto trading bot that offers some unique and interesting features, including cloud trading, some social trading options and a large variety of coins/exchanges to trade on/with. Stop losses and trailing stops are especially welcome elements here, as they help you tremendously with risk management. As with any trading bot, you’ll find conflicting reports regarding its effectiveness, functionality and safety.

Here is a full review of Cryptohopper bot.

Created by two brothers from the Netherlands, one a day trader, and the other a web developer, this trading bot can brag about having a perfect blend of experience and knowledge – both in the worlds of trading/technology – behind it from the start. The two merged their ideas, skills, and experiences and created Cryptohopper.

It currently offers integration with the following crypto exchanges:

Work is apparently being done to integrate the trading bot with other well known crypto platforms like HitBTC, Cobinhood, Cex.io, Bitstamp and bitFlyer APIs.

Cryptohopper is different than most of the market competitors in the sense that it’s web-based; it’s stored on the company’s servers, operates on a cloud-like infrastructure and can be accessed through any web browser. While the advantages of this include fast and simple access to the crypto bot, without needing any additional hardware to set it up and keep online.

Visit Cryptohopper Now

Haasbot algorithmic trading software was created In January 2014 by Haasonline. This trading bot is very popular among crypto enthusiasts and trades bitcoin and over 500 altcoins on many major crypto exchanges, including fully automated trades on platforms such as Kraken, BTCC, GDAX, Poloniex, Bitfinex, Gemini, Huobi and many more.

You can see our full review of Haasbot here.

On paper, Haasbot does all of the trading legwork on behalf of the user. However, some input is required. Haasbot bot is highly customizable and enables a variety of technical indicators, and is also capable of recognizing candlestick patterns. One has to be knowledgeable to use this trading bot and make a profit from doing so, considering it costs between 0.12 BTC and 0.32 BTC per three-month period to use this tool. There is, however, an extensive knowledge base for the traders willing to learn, provided by the creators on their site.

Click here and use “captainaltcoin10” code to get a 10% discount on your Haasbot.

Gunbot is an older crypto bot but still one of the more advanced ones that provides a wide range of settings and strategies which are ideal for both beginners and professionals. It is used to take over (most) of the workload of traders on the cryptocurrency markets.

The cryptocurrency trading bot gives users the opportunity to customize their trading to a level which no other trading bot can provide. Almost all the strategies and technical indicators that manual traders use on a daily basis can be found in Gunbot and used to trade automatically. The interface is user friendly so that everyone can easily get a hang of it. It is suited for more experienced crypto traders as well as beginners; some strategies are highly configurable while others are easier to use.

The program comes with tons of trading strategies that are highly configurable and includes different types of insurances to optimize your crypto trading which are explained on the website.

Another positive feature about Gunbot is that it’s a one-time payment, that means: no need to renew every month (pay once and get all the future updates for free)!

Don’t want the trading bot anymore? Don’t worry, Gunbot includes something that no other trading platform offers: Gunthy coin. Gunthy coin is a feature that no other trading platform offers, a cryptocurrency token that is offered to the users when buying the Gunbot. The amount of tokens sent to the buyer are derived from the type of license that they acquire. Why is this important? Imagine that trading is nothing for you and that you want to sell your crypto bot, that’s possible with the Gunthy token!

Gunbot is used by thousands of crypto traders daily which creates a close and helpful community. Its community is highly active on social media platforms to discuss different trading strategies and help each other out. The trading platform provides different packages which can be upgraded if needed. There are 4 different licenses available, ranging from 0.04 BTC to 0.3 BTC.

Buy Gunbot now!

CryptoTrader is less known cryptocurrency trading bot that is gaining popularity. This cloud-based automated bitcoin trading bot claims to allow users to build algorithmic trading programs in minutes. Not having to install unknown software is a big plus. However, it remains to be seen if this platform is legitimate. One intriguing feature is that the company also offers a “Strategy Marketplace” where users can buy and sell trading strategies.

Click here to read full CryptoTrader review!

All major crypto-currency exchanges, such as Coinbase, BTCe, Bitstamp, and more, are supported for both backtesting and live trading. Using their backtesting tool, you can see how your trading strategy would work over different market condition. Their goal is to provide traders with cloud-based automated trading solutions powered by cutting-edge technology, and the company states that its automated trading bots in are unique compared to the current crypto trading bots on the market today.

RevenueBot is a cloud-based cryptocurrency trading bot designed for making money while trading in top cryptocurrency exchanges. An automatic martingale-based trading system is carried out around the clock. There is no subscription fee, the service only takes a percentage of the profit received from trading.

Supported exchanges are Binance, DSX, Exmo, Livecoin, Okex, HitBTC, and other major cryptocurrency trading platforms. RevenueBot is an attractive service for passive earnings which doesn’t take a lot of your time.
RevenueBot is most suitable for careful trading and eliminating big risks, and with the right settings brings in a steady income of 0.2 to 0.7% of the deposit per day. It does not take much time to monitor its work either.

Bot trading is safe, as the users’ funds are kept in their accounts on exchanges. RevenueBot does not take, does not keep, and does not have access to fund withdrawal. 

RevenueBot fee is calculated using the earned profit and is equal to 20%. This is beneficial for customers with small deposit. The maximum commission is only 50 USD (per month) in BTC equivalent, which is also beneficial for customers with a large deposit. The fee is deducted from the internal RevenueBot account. And you can replenish the account balance for any amount you choose.

The bitcoin bot has a lot of settings, each is described in detail in the FAQ (https://revenuebot.io/faq.html), and technical support is always ready to help you and find the right trading strategy for you.
Official site— https://revenuebot.io/

Coinbot.club is a crypto bot rental service with an open source code. On the site you can find the description of algorithms and link to the github(https://github.com/coinbitbot).

The project has got a number of features that distinguishes it from others:

1. This is a cloud-based service that does not require any programs to be installed.

2. The project also presents information on the team and its other projects

3. Open source code and link to the github – anyone can check the code and algorithms of the automated crypto trading bots.

4. Additional modules for cryptocurrency traders (arbitrage, social and telegram assistant)

5. Affiliate program up to 50% 6. 3 types of automatic trading bots (aggressive, balanced and conservative)

There are three additional modules:

1. A social analyzer that searches and sends information to the user about upcoming airdrop, hardfork, re-branding, and so on. The user can customize the keyword dictionary on his own. It is based on the research conducted by the team, which confirms the influence of news on the crypto rates.

2. The second tool is an arbitration bot, which not only checks the arbitrage windows, but also checks whether the deposit and withdraw of currencies are available at the moment. It is an important point because the majority of trading bots do not verify it.

Another important detail is the ability to set the desired volume of arbitration. This means  the arbitrage bot will not only take the first best orders from the order book, but will analyze their depth and calculate what kind of profits will be received on a specific volume. This is a very useful and rare feature.

3. Telegram assistant. For convenience, the project team has developed a telegram assistant that allows you to fully manage all the bots.   According to price, it is relatively low and accounts for  0.25% of all trades. On the site you can learn about the history of bids and general statistics on bots.

Gekko is a Bitcoin trading bot and backtesting platform that supports 18 different Bitcoin exchanges (including Bitfinex, Bitstamp and Poloniex). Gekko is free and 100% open source that can be found on the GitHub platform.

This automated trading bot even comes with some basic trading strategies, so using it seems rather straightforward.

Gekko comes with a webinterface that was written from scratch. It allows you monitor your local data, strategies. It can also run backtests and visualize the results. Using plugins, which are available for IRC, telegram, email and a lot of other platforms, Gekko is able to update you wherever you are! Gekko runs flawlessly on all major operating systems (Windows, macOS, and Linux).

You can also run it in the cloud or on your raspberry PI without any issues! It will not exploit arbitrage opportunities, nor is it a high-frequency trading bot by any means. With a good list of supported crypto exchanges, Gekko is definitely a bitcoin trading bot that is worth checking out.

BTC Robot is one of the very first automated crypto bots to ever be created. The trading robot offers multiple plans for different types of software and membership, and the cheapest robot plan is $149 for the silver software. It gives traders a downloadable version for various Windows operating systems. On the other hand, Mac users have to pay a touch more. It seems to do the job and is quite easy to set up. However, user’s mileage may heavily vary when using this tool. Some people seem to be making modest profits.

On the other hand, others seem to struggle to get it to work properly. The company notes that its algorithmic trading does not predict markets perfectly. This means that there will always be losing and winning trades. It is important to note that there is a 60-day refund policy. This feature makes it a no-brainer to try out regardless.

Zenbot is another open-source trade bot for bitcoin traders. It is important to note that this trading bot has not seen any major updates over the past few months. However, it is available to download and modify the code if needed. This marks the third iteration of Zenbot, which is still a lightweight and artificially intelligent bitcoin trading bot, and it is also one of the very few solutions capable of high-frequency automated crypto trading and supporting multiple assets at the same time.

This bot supports following crypto exchanges – Gemini, Quadriga, Bittrex, Kraken, Poloniex, and GDAX. Work on further exchange support is ongoing. According to the GitHub page, Zenbot 3.5.15 makes a 1.531 ROI in just three months. This is quite surprising.

Margin is a trade bot that has 11 supported exchanges , 2 new crypto trading bots, and great features like a profit/loss indicator, market scanner, social integrations & more. Plus, they still offer the free demo to try everything out first!

Margin currently comes bundled with two trading strategy bots:

• Ping Pong Strategy
• Margin Maker Strategy

Just as the name suggest, the ping pong strategy allows you set a buy and sell price and the bot will do the rest. The mArgin maker strategy is a bit more advanced and can buy and sell based on price action adjusting with the course direction of the market.

They obviously have a good designer on their team as their GUI is by far the best looking out of all bots and has lots of customization options.

Coinbase Pro (formerly GDAX) is supported by Gunbot, Cryptohopper, Haasbot, Zenbot.

Best bots that support Bittrex exchange are: GunBot, Cryptohopper, Zenbot, Haasbot.

Best bots that support Binance exchange are: GunBot, Cryptohopper, Zenbot, Haasbot.

Best bots that support BitFinex exchange are: GunBot, Cryptohopper, Zenbot, Haasbot.

Best crypto trading bots that support Kucoin crypto exchange are: GunBot, Cryptohopper, Zenbot, Haasbot.

Best bots that support HitBTC crypto exchange are: Zenbot, Haasbot.

Best bots that support Poloniex crypto exchange are: GunBot, Cryptohopper, Zenbot, Haasbot.

Best bots that support CEX.io crypto exchange are: GunBot, Zenbot, Haasbot.

Best bots that support Gemini exchange are: Zenbot, Haasbot.

Best bots that support Bitstamp exchange are: Zenbot, Haasbot.

The software can be difficult for inexperienced crypto traders to understand, which means that bot trading may not be for everyone. Furthermore, traders have to trust in the reliability and efficiency of companies that offer algorithmic cryptocurrency trading. There are many different businesses online offering crypto bot services. But be careful, because some of them may not be legitimate. However, if used correctly, reputable and functioning trading bots may increase trade profits.

The post Best Bitcoin Trading Bots in 2019 – Automated Cryptocurrency Trading Guide appeared first on CaptainAltcoin.

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