Cryptocurrency trading is a way you can make money today, but it involves risk. The market is very volatile, and the processes involved are slow, and also many times people can be guided by their emotions. That’s why investors are looking for the best crypto trading bots — to eliminate human error.

There are many people who think that buying and selling cryptocurrencies (crypto trading) is something that is not worth engaging in, as even professionals in the field can have bad days with money loss.

No one can predict the outcome or the price range of any token accurately, which creates insecurity for people when they think of getting involved in cryptocurrency trading. Each person can make guesses and speculations based on facts, historical data, and sometimes just on their gut feeling. However, not everyone has the time to do the necessary research to become successful Traders.

Crypto trading bots, can trade at any time, have no emotions to influence them, and can make calculations that the human brain cannot make. They use algorithms and programs to analyze the market and figure out what is the best time to buy and sell each token (this is just one strategy of course).

However, not all trading bots can make a profit. Most of them have losses in the market. In this article, we will introduce you to the best trading bots on the market that you can use today already.

Since it’s your money at stake, it’s important to always do your research, which we’ve done for you in this article. So, the answer to the question of whether auto trading is safe, in most cases, is yes. The chances for this increase when there is a license from governmental bodies, such as FinCen, as well as when there is some legal certification and it’s not just some free bots from an unknown source.

A trustworthy bot will, more often than not, have a subscription, which will nevertheless give you peace of mind.

Using simple terms, trading bots, are scripts or platforms that run on specific rules that you define, so that you don’t manually make trades. The basic idea is to buy low and sell high. Platforms with trading bots can do complex calculations to make a profit for their users.

There are many strategies that trading bots can use, from regular human traders to automated bots. Some widespread strategies are Grid Trading and Arbitrage Trading.

Grid trading means to buy when the price is low and sell when it is high. Arbitrage Trading is when you “play” with different prices in the market. For example, if you can buy BTC 1% cheaper in Marketplace A versus Marketplace B, you will buy it where it is cheaper. You will then sell it, as high as possible for a quick and small profit. This is just one of the dozens of strategies you can follow.

In this article, however, we present some of the bots that implement these strategies for you. So let’s take a look at some of the most common ones.

Cryptohopper is a programmable automated platform for crypto trading. Through it, you can set specific targets to make automated trades. For example, you can set your trading bot to earn profits as soon as your investment growth reaches e.g. 1%, 2%, 5% and so on, or close the trade if the value of the coin falls below a certain percentage.

More experienced users, can program their bots and add their own touch. For beginners, who can’t implement a strategy of their own, Cryptohopper has a marketplace that offers strategic programs that they can purchase. It also offers presentation testing so you can run your program and see how it performs without risking real money.

Cryptohopper currently supports 75 cryptocurrencies on 9 major crypto exchanges, including Binance, OKEx, Houbi, Kraken, Bittrex, Coinbase Pro, Cryptopia, Poloniex and Kucoin.

Fees: Cryptohopper is a paid service, however, it offers a 7-day trial period. After this period, the Explorer plan will cost you 15€ per month, the Adventure plan costs 45€ per month, while the Hero plan has a monthly fee of 90€.

Similar to Cryptohopper, 3commas is also a programmable smart trading platform that allows traders to set parameters and give specific instructions in order to create a strategy with the goal of profit. If you are a beginner, you also have the option of copying the trades of other traders, with top performers on the platform.

3commas provides the auto trading service on 12 crypto exchanges, including Binance, Huobi, KuCoin, KuCoin, Bitfinex, Yobit, Bittrex, Bitstamp, Poloniex, Cex, HitBTC, GDAX and OKEx. Users can use the service with the 7-day free trial and then they will have to pay for the paid plans if they want to continue using the service.

Fees: the Starter plan will cost you €25 per month. The Advance package will cost you €45 per month and the Pro package €90 per month.

Another superb addition to our list with the Best Crypto Trading Bots is Coinrule. The goal of the release of Coinrule, back in 2017, was to provide an easy-to-use platform for the user, which anyone could easily participate in. Importantly, the platform has a free version, so those who cannot afford or simply do not want to spend money can participate. In addition, there are three other paid packages with more features and functions.

Coinrule supports over 10 crypto exchanges, including Binance, Coinbase, Kraken, Bitmex.

Fees: The Hobbyist plan starts at 35€ per month, the Trader plan costs 70€ per month and the Pro plan costs 440€ per month.

Pionex is among the Best Cryptocurrency Trading Bots and for a good reason. Pionex is the first crypto exchange platform that offers free trading crypto bots to its users. To date, there are a total of 16 trading bots built into each account.

All you need to do is pay for the trades you make. Pionex is based in Singapore, has been active in the cryptocurrency space since 2019 and has an MSB (Money Service Business) license from FinCen, which is a positive for the platform’s reliability.

Experienced, as well as novice users, can comfortably use Pionex even without prior experience. However, Pionex does not have a trial account for beginners.

Fee: Pionex has no subscription fees. However, it charges each transaction0.05%, a small amount compared to other platforms that charge even more, along with the subscription fee.

TradeSanta allows its users to auto trade in cryptocurrencies. It offers its services at very low prices, starting from 10€ to 25€ per month. However, the free trial of the platform lasts only 3 days. TradeSanta supports many cryptocurrency exchanges such as Binance, HitBTC, Houbi, Coinbase Pro, OKEx and others.

Fees: TradeSanta has three paid plans. The Basic plan for 10€ per month, the Advanced plan for 15€ per month and the Maximum plan for 25€ per month.

Shrimpy is more than just an ordinary trading platform. It connects all your different accounts, from different exchange platforms, allowing you to easily manage your portfolio and have easy access to your accounts when trading. Its configuration is friendly to new users when navigating the platform. It features copy trading functions, allowing users to copy trades from top-performing traders, in real-time.

If you are an experienced trader, you can also enter your strategy and have the system execute it for you automatically. The platform supports a total of 16 crypto exchanges, including Binance, Kucoin, Kraken, Gemini, Coinbase.

Fees: The Starter plan costs €15 per month, the Professional plan costs €70 per month, and the Enterprise plan costs €265 per month.

Napbots was released in 2018 and since then it has developed 20 high-profit strategies that traders can use to take advantage of market volatility. Although it only works with limited crypto exchanges, Napbots supports all major cryptocurrencies, including Bitcoin, Ethereum, EOS, Binance coin, Ripple, and more.

Fees: The service does not have a free version. Monthly subscriptions start at €20 for the Silver subscription, €50 for the Gold subscription, while the Platinum subscription costs €100 per month.

Stoic is a cryptocurrency platform that offers an auto trading bot for fast trading without your supervision. All you need to do is set goals and specific parameters and once these are met, the trading bot will make a trade to make money.

Moreover, you can connect your account and access it with the click of a button. Stoic only works with the Binance exchange, supporting BTC, ETH, BCH, and LTC.

Fees: Stoic has no subscription fees, but keeps a 5% commission from your account annually.

This is another cryptocurrency platform that helps you monitor your portfolio and market prices. The functionality of the platform is very simple and user-friendly. BitUniverse helps the user by doing all the necessary actions that a trader needs to do, in order to be able to make the right decisions.

In addition, there is a setting for automatic trading. It works with over 26 crypto exchanges such as Binance, Bittrex, Bitfiner, Coinbase, kraken, Kucoin and others. It covers over 6,000 cryptocurrencies available today.

Fees: Existence of two different plans. The Free plan, gives you access to all the necessary tools and features to manage your cryptocurrencies and portfolio. On the other hand, the Premium plan will cost you €20 per month and you will be able to enjoy the full benefits and features available on this platform.

Just as the name says, you only need to press one button to customize a bot that suits your style and then you can relax while One Button trader does the work for you. This software is simple and complete, with all the information needed for successful trades. One Button trader currently supports Binance, Bitvavo, Binance US, Bitpanda, and Kraken.

Fees: One Button trader offers a Free program, but also more benefits and features through premium programs. Prices start at 25€ per month for the Traveler program, 110€ per month for the Venturer program, and 485€ per month for the Voyager program.

In this article, we have presented some of the best crypto trading bots that you can explore if you are involved or thinking about getting involved with cryptocurrencies. In order to be able to choose which one is right for you and suits you, you should try a few of them, as the needs and preferences of each user are different.

If you felt that this article is on the best cryptocurrency trading bots is useful, feel free to share it with the rest of your crypto friends.

Write us in the comments if you are involved with cryptocurrencies and if you use any of the above platforms for your transactions.

Originally published at https://satoshisbrain.com on February 4, 2022.