10 Best Performing Crypto Trading Bots
Finding the best performing crypto trading bots should be at the top of your priority list, regardless of whether you're a newbie or an experienced trader.
the highest percentage of profitable trades
As a crypto investor, your main aim is probably to enhance your trading profits and this is actually the main aim of the best performing crypto trading bots.
They allow you to automate both buying and selling of trading positions based on key technical indicators.
Even though there are various different trading strategies, a bot can implement for you a specific trading strategy based on a variety of indicators to help you attain the highest percentage of profitable trades.
To this point, you’re probably wondering; what’s the best crypto trading bot then? Whoa, relax! We’ll come to that in a bit. To be honest with you, crypto trading bots are quite sophisticated.
But even with that, many crypto trading bots have sprung up in the last few years. This has made choosing the best performing crypto trading bots in 2022 a no-walk in the park.
Fortunately for you, we’re here to help you choose the best crypto trading bots.
For this reason, read on to find the best performing crypto trading bots that will enable you to amplify your trading profits. Whether you’re looking for the best crypto trading bot for Bitcoin, Ethereum, or any crypto coin for that matter, be rest assured that we’ve got you covered.
In this definitive crypto bots review, we’ll walk you through the best crypto trading bots in the industry right now. At the end of it, you should be in a much better position to choose the right crypto trading bot for you and your trading strategy.
What is a Crypto Trading Bot?
In the world of cryptocurrency trading, a crypto trading bot is technically a piece of software or computer program that is designed to analyze the markets and place buy and sell orders on behalf of traders. This program uses various trading techniques and strategies to execute trades for the trader at ideal moments.
How Do Crypto Trading Bots Work?
Crypto trading bots work in the form of pre-defined or pre-programmed algorithmic trading strategies that make their decisions based on the happenings and price fluctuations of the market.
These bots can automatically analyze various conditions in the market including prices, time, volume, and orders. Some best performing crypto trading bots are also designed in such a way that you can fine-tune them to meet your trading preferences or strategies.
Why are Crypto Trading Bots Important?
Believe it or not, the adrenaline rush that’s involved in high-volatile cryptocurrency trading is on another level.
Even though you should trade diligently, it’s almost impossible to make the right decisions as your decision-making thought process is likely to be delayed as you’ll most likely be driven by emotions.
This is where trading bots come in handy; they will remove all the emotions involved and trade for you automatically.
A trading bot is also important if you want efficiency and speed as it can analyze various market conditions in multiple cryptos and execute trades when there’s room to make profits.
Unlike the stock markets, the crypto markets never stop. And because you can’t always stay in front of your computer, the best performing crypto trading bots can help you take advantage and trade for you 24/7.
What Set Up is Best for Day Trading Bots Crypto?
As an investor, you’re definitely looking for ways to maximize profits while minimizing risks.
Unfortunately, this is not always possible. As such, you should look for the best setup to increase your chances of making profits.
As much as you may want to entirely rely on a trading bot to do the hard work for you, you should consider getting a free bot trading course that can help you learn the ins and outs of crypto trading bots.
What to Look for in the best performing crypto trading bots
Here are a few features to consider when looking for the best crypto trading bot.
RELIABILITY - Have you ever imagined what could happen if your bot went offline? Well, the crypto market operates 24/7, and choosing an unreliable bot means that you might miss out on a very big trading opportunity.
That being said, you have to choose a bot that has a good track record of being reliable.
EASE OF USE - This is a feature that both newbies and advanced traders will always appreciate. There’s no need of going for a bot that’s complicated and difficult to use. If anything, the bot is meant to make trading easier and more enjoyable.
PROFITABILITY - This is perhaps the most important feature: making profits. As a trader, you have to go for a bot that will generate the best profits for you.
SECURITY - You have to keep in mind that a bot has total access to your funds and exchange accounts, so it has to be very secure.
TRANSPARENCY - You have to keep in mind that a bot has total access to your funds and exchange accounts, so it has to be very secure.
WHAT ARE THE BEST CRYPTO TRADING BOTS
In this section, we’ll provide a quick rundown of the best performing crypto trading bots in the market right now.
Of course, you have to keep in mind that the world of cryptocurrencies is murky and risky, and profits are not guaranteed. With that in mind, you should only risk what you are willing to lose.
The top bot on our list of best performing crypto trading bots is Pionex. An excellent crypto trading bot for high-volume traders, there are many features that makes Pionex the best crypto trading bot in the market today.
In addition to supporting manual trading using crypto-to-crypto conversions, this bot also allows you to execute your sell and buy orders automatically without your manual input.
The best part of this bot is that it offers 16 free in-built trading bots that are equipped with strategies that are aimed to help you make profitable trades.
One of Pionex’s most popular bots is the Grid Trading Bot. It’s designed to help you sell high and buy low. You can also take advantage of the Arbitrage Bot, which is designed to help you leverage the future market to help you enjoy a payout every 8 hours.
Pionex Pros and Cons
3Commas is, without a doubt, one of the best performing crypto trading bots out there and unquestionably my preferred bot trading platform. This bot gives you a wide range of automated trading bots that you can configure to your liking and use your preferred strategy.
This is a trading bot that will simplify for you the entire trading process while expanding the opportunities that are available for you to make profitable trades. This is one of the best DCA crypto bots (which is also my favorite trading bot) in the sense that it uses DCA to help inform trade decisions.
Although it supports over 20 exchanges, its outstanding feature is the trailing stop tool. This can help you take advantage of a sudden price rally given that the trailing stop will keep your trading position open for as long as the prices are favoring you.
More importantly, your trading position will automatically close as soon as the prices reverse to your disadvantage.
3Commas PROS and CONS
One of the top AI crypto trading bots, the CryptoHopper is a cloud-based crypto trading bot that uses an algorithmic programmed trading strategy to allow traders to use external signals that can help them make intelligent and profitable trades.
This is a crypto trading bot that is owned and operated in Amsterdam, Netherlands, and trades over 75 cryptocurrencies.
This is an advanced crypto trading bot that offers over 30 trading indicators and over 90 candle patterns. It is one of the reason we have added CryptoHopper in our best performing crypto trading bots list.
You can use this bot on 9 different crypto exchanges including Huobi, Binance, KuCoin, Kraken, OKEX, Coinbase, Bittrex, Bitpanda Pro, and many more.
CryptoHopper PROS and CONS
4. Trality - Best Site to Create Crypto Bots
Founded in 2019, Trality has quickly become very popular as the go-to platform for both beginners and advanced traders.
This is a free automated crypto trading bot and not limited by time, which makes it quite accessible. You can, however, take advantage of its more advanced features through its paid plan that starts from $9.99 per month.
Trality is one of the few crypto trading bots that give users the option of creating their trading strategies. In other words, this is the best site to create crypto bots thanks to its two state-of-the-art tools that enable you to create sophisticated bots.
The best part is you do not need programming skills to use this platform, so it's perfect for both beginners and advanced traders. These tools include:
REALITY RULE BUILDER - This is a simple but very powerful tool that allows you to create trading bots. Its drag-and-drop UI makes it a lot easier to build trading bots with pre-defined trading strategies and indicators.
REALITY CODE EDITOR - This is a powerful in-browser console that helps you code trading bots using Python. It has all the necessary technical indicators and libraries that will help you create a perfect trading algorithm.
Trality PROS and CONS
Shrimpy is more than just an ordinary crypto trading bot. This is a platform that does for you more than just predict trading positions. Shrimpy is also among the best performing crypto trading bots on our list.
It’s designed to link all your crypto accounts from various exchanges to allow you to manage your portfolios easily. This bot is also designed with a user-friendly interface that makes it a lot easier to navigate through.
For newbies, this bot is perfect in the sense that it has copy trading features that enable them to copy real-time traders with top-performing trades.
Support various exchanges including Kraken, KuCoin, Coinbase, Gemini, and many more
Shrimpy PROS and CONS
Although Bitsgap only offers you a seven-day free trial and charges you $29 a month, there’s perhaps a reason for that: this is a crypto trading bot that allows you to connect to more than 25 crypto exchanges and trade automatically.
This means that you can arbitrage across various exchanges to help you get the right market signals in time and enhance your chances of profitable trades.
Besides arbitrage trading and automation, this bot also gives you portfolio tracking features to keep you updated.
This is one of the best AI crypto trading bots that allow you to use pre-defined strategies besides creating your own algorithm. It’s also a cloud-based trading bot, which makes it safe and secure.
Bitsgap PROS and CONS
The developers of Coinrule were frustrated with how trading bots were unnecessarily complicated, so they came up with the idea of creating the best automated crypto trading platform that was simple and very easy to use.
In addition to offering a free plan, particularly for those who can’t afford to pay for a trading bot, this bot supports over 10 exchanges including Coinbase, Bitmex, Kraken, and others.
COINRULE PROS and CONS
8. WunderTrading - Best Cloud-Based Crypto Trading Platform
WunderTrading is designed with amazing and extensive trading features that ultimately sets it apart from its competitors.
Whether you’re looking to utilize the swing-trade functionality or the trailing stop feature, this crypto trading bot is the best-tested crypto trading bot in the market right now!
This bot is built to support almost any trading strategy you can think of. From incorporating numerous trading algorithms to using the almost endless technical indicators, it’s easy to see why it’s one of the best crypto trading bots.
This is the best cloud-based crypto trading bot and is designed to enable you to trade seamlessly thanks to its automation features such as mirror trading and crypto portfolio management tools.
WunderTrading PROS and CONS
9. Quadency - The Best Backtesting Feature
As a trader, you certainly do not want to shoot in the dark. Instead, you’re looking for a crypto trading bot that gives you real figures and data to inform your trading positions.
This is exactly what Quadency brings to the table with its fantastic backtesting feature. In other words, this bot has arguably the best backtesting setup in the market. It is also among the best performing crypto trading bots and our favourite.
So instead of wasting lots of your precious time doing lofty research, Quadency makes it a lot easier for you by giving you a smarter way to trade and manage your coins.
Quadency PROS and CONS
If you’ve been looking for a crypto trading bot that allows you to use both long-term and short-term strategies, look no further than TradeSanta.
This bot is designed with bots that allow you to buy your cryptos at low prices and sell them when prices are high. It can also use other bots such as Grid and DCA to ensure that you place favorable trading positions.
Its easy-to-use interface makes it very popular with traders who find it challenging to use complicated bots. This bot allows you to automatically incorporate several trading strategies.
It also has virtual trading bots, a manual trading terminal, as well as the option of buying or selling whenever the conditions are favorable.
TradeSanta PROS and CONS
Making profits in a highly volatile market like the crypto market is always a long shot. In most cases, it’s all about utilizing the best trading strategies, carrying out the right technical analysis, and timing.
And because the crypto market is open 24/7 with hundreds of assets to choose from, it can be quite challenging for most of us. This is why crypto trading bots are essential to many traders.
I hope that you’ll find the best performing crypto trading bot from the above-described bots that will work for you in your crypto trading journey.