Cryptocurrencies are the hottest trend. Everyone’s talking about Bitcoin and other cryptocurrencies, including their price volatility and the big fortunes being made by people who were savvy enough to buy in early. New cryptocurrency startups pop up every day, and their fundraisers are regularly featured in headlines around the world.
So if you’ve missed the boat on cryptocurrencies, or are just trying to get your head around exactly what all of this means, here’s a quick guide to what you need to know about crypto trading bot.
What Are Crypto Trading Bots
Crypto Trading bots are a software program that trades on the behalf of a person. The bot can do operations such as identifying the trend in the market and automatically execute orders. This helps traders to focus on other things and make the most out of their time.
Crypto trading bots are software programs that let you execute trades without having to be actively involved in the process. They’re a good choice for someone who would like to profit from automated trading, but doesn’t have time to constantly monitor and manage their account or trade manually. A trading bot could also augment your own trades if you’d like to learn how to make more active trades, but don’t have the time or interest to do it yourself every day.
Top Crypto Trading Bots
If you’re new to cryptocurrencies or if you’re looking for a straightforward way to get started, KuCoin Exchange’s trading bot is a great option. Their bot allows you to automatically execute trades based on its “signal” so that you don’t have to constantly monitor the markets or spend hours trying to figure out when to buy or sell.
Kucoin Exchange is a multi-cryptocurrency exchange that offers Bitcoin, NEO, Ethereum, Litecoin, KCS and other potential cryptocurrencies.
You can even adjust the risk level of your trades, so if you’re feeling lucky, go ahead and take advantage of it. If trading cryptocurrency is your goal, this bot is an excellent choice. It’s free, it’s straightforward and it lets you automate your trades—all things that make KuCoin Exchange an ideal place for beginners.
Coinrule is an automated cryptocurrency trading platform that has been working since 2013. It uses algorithms that were created by professional software engineers, who were previously involved in developing software for online trading platforms such as E-trade and others.
Coinrule is an automated Forex trading platform that predicts the direction of cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple and others. Their algorithm analyzes information from different sources. Such as technical analysis indicators like Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Bollinger Bands, Parabolic SAR, etc., fundamental data from leading news websites such as CNBC, Yahoo Finance etc., and social media buzz on Twitter about recent price movements or new ICOs.
If you’re new to crypto trading and are looking for the best trading bot to use, you’ve come to the right place. Cryptohopper is written in ruby and provides great backtesting capabilities; it’s also open-source so you can see how it works internally. If you sign up for the free trial, you’ll get a free coin called crypto hoppercoin (CPC) to play with as part of your testing.
The best way to use Cryptohopper is by using their beginner-friendly interface . You’ll be guided through the process of setting up your bot and shown an example trade or two. You can even use them for arbitrage if you want—that means taking advantage of a price difference between two related coins.
Pionex has a top-of-the-line platform. It’s one of the best crypto currency trading bots on the market today.
Pionex’s user-friendly interface make it easy to trade your coins with just a few clicks! You can generate a profit in less than an hour with its highly advanced proprietary algorithm. The system is self-learning and regularly adapts to changing market conditions giving you an edge over your competitors. There’s no need to manually input any data or keep up with every fluctuation in the market as this crypto bot takes care of everything for you!
3commas is a cryptocurrency trading bot that allows you to create your own automated trading strategies and execute them in real time. It offers the ability to create custom strategies created for short-term or long-term trading, check the market 24/7, and see everything in a single place. And with its auto-rebalancing feature, it’s a great way to ensure that you’re always putting your money into the coins that are performing best.
The interface is clean and intuitive, and all of the most important information is up front so you don’t have to spend any extra time trying to find it.
Tradesanta is one of the most well-known companies in the bot world. They’ve got a huge amount of resources, including an easy-to-use bot creation platform that lets you get started with only a few clicks.
The company also offers free courses on crypto trading bot programming, and has a forum where you can ask questions about their bots or help other users with issues you’ve already solved.
Sometimes it’s more useful to have access to a community of other users who are all using the same software, so Tradesanta also offers a paid subscription service where you can use its bots without creating your own. If you’re just getting started with crypto trading bots or want to try out some options before committing to one, this might be the way to go.