Cryptocurrency has grown to become one of the most popular assets to trade in recent years. Due to its highly volatile nature, the value of the asset constantly moves up and down. This opens up multiple trading opportunities. As a result, traders could sometimes enjoy larger rewards, and do so faster than they would with other assets. But as always, big losses may also be encountered.
Crypto trading requires a lot of work, dedication, and research, so the learning curve is rather steep. Traders can easily make mistakes and experience losses. This is why many among them, especially inexperienced ones, many traders prefer to use AI crypto trading bots.
In this guide, we'll explain what AI crypto trading bots are, how they work, and introduce nine of the top AI bots for trading crypto.
What are AI crypto trading bots?
Trading bots have been around for decades, and even crypto trading bots have been used for years. However, as time goes on, they've become better and better. At the same time, other technologies, such as Artificial Intelligence (AI), have also been advancing. The two technologies started to merge, and AI crypto trading bots emerged as a result.
By combining trading bots with AI, developers created much faster, more precise, and more efficient trading robots. They're capable of analyzing markets, and reacting quickly to price changes — much faster than any human ever could. Once they make predictions and the price starts to move, they can react immediately by placing buy and sell orders. This allows them to place dozens of orders per day, depending on market conditions. They make cryptocurrency trading simple and efficient by reacting in real-time. As for which bots are the best, after conducting some research, we've selected the following nine.
1. OKX
The OKX trading bot is an automated tool that allows traders to grow their portfolio without spending a lot of time trading. The bot offers multiple types of strategies, including grid trading and arbitrage trading. It's useful for beginners looking for opportunities in the market. OKX’s trading bot offers 11 different modes. Each can be used for specific situations.
In other words, the bot helps you to be prepared for almost any kind of market. These include spot grid, futures grid, iceberg, smart portfolio, time-weighted average price, and arbitrage order.
Another helpful feature is the ability to copy strategies used by professionals. This is possible thanks to the bot marketplace, where traders can copy other trading bots.
Features:
Multiple modes for any type of market
Several different plans
A 7-day free trial for PRO plan
Easy to use
A wide price range
Minimal setup time
Price: There are no price plans, and all costs are based on trading fees ranging from 0.03% to $0.15%.
2. Pionex
Pionex is one of the leading AI crypto trading bots. It features an impressive 16 free built-in trading bots and comes with a small trading fee of 0.05%.
One of Pionex's most popular trading bots is the Grid Trading Bot, which is ideal for selling high and buying low. Another is the arbitrage bot, which leverages the futures market. Overall, Pionex is highly efficient, providing you with a payout every eight hours.
Features:
Low trading fees
16 built-in trading bots available for free
Leveraged Grid Bot offers up to 5x leverage
Rebalancing bot that helps you hold the coins
Spot-Futures Arbitrage bot that lets you earn 15-50% APR with low risk
Price: A 0.05% trading fee.
3. 3Commas
3Commas is a reliable and popular option offering 21 trading bots. There are Grid bots, Dollar Cost Averaging bots, Options bots, and HODL bots. Grid bots have been highly reliable in bear markets, while DCA bots are great in volatile markets. Options bots can carry out highly advanced strategies. Lastly, HODL bots allow users to build their long positions via regular purchases.
The bots can be configured to meet the conditions of any kind of market. And, users can customize them to meet their specific trading goals.
Features:
A wallet app
Multiple educational materials
Portfolio management
Detailed FAQ
Next-level data feeds
Easy to use with quick access bot presets, strategies, and templates
Active 24/7
Price: There's a free plan with three bot types, and three premium plans:
1. Starter ($14.5 per month)
2. Advanced ($24.5 per month)
3. Pro ($49.5 per month)
4. Learn2Trade
Learn2Trade, a reliable and trusted AI crypto trading bot, has been around for years. It's attracted more than 70,000 users around the world, and is among the leading crypto signals providers. The bot offers both free and premium services, and real-time alerts via social media. So far, Learn2Trade has recorded a 79% success rate on its tips and signals. The bot’s VIP option even offers entries, take-profits and stop-losses price levels.
As for the free option, it features up to three signals per week. Paid options offer up to five per day. There are four premium plans, so everyone can select the one that best fits their needs and budget.
Features:
High reward signals
Service for copy trading
Monthly subscriptions begin at £58
10-minute setup
24/7 trading
Price: Learn2Trade offers four different plans, including:
Free plan
1-month subscription (£99 per month)
3-month subscription (£67 per month)
6-month subscription (£58 per month)
5. Cryptohopper
CryptoHopper is considered a great option for beginners and experts alike. It's a cloud-based AI crypto trading bot that uses an algorithmic programmed trading approach. This allows customers to use external signals for making smart trades. The bot is compatible with 9 different crypto exchanges, all of which are major names within the cryptocurrency sector. That includes Binance, OKX, Coinbase, Huobi, Kraken, and more.
The platform lets you leverage free and premium signals from different sources. There are over 30 trading indicators, and more than 90 candle patterns. The bot is available 24/7 and it can trade 75 different coins, including BTC.
Features:
Multiple indicators like Bollinger Bands, Stoch, and RSI
Web-based, with no apps for mobile or desktop
Its tools include trailing stops, customizable technical indicators, backtesting tools, and configurable templates.
Price: CryptoHopper offers a free trial. After the trial ends there are three plans to choose from, priced at $19, $49, and $99 per month.
6. Kryll
Kryll is an AI crypto trading bot and automation software tailored for the needs of day traders. With Kryll, traders can engage in portfolio management or quick day trading. The bot has many useful features, such as its crypto builder.
This is a useful tool for beginners that lets them create scripts without any coding knowledge. It has a drag-and-drop system that allows users to link existing features into specialized bots.
As for the marketplace part, it is for experienced and inexperienced traders alike. They can use it to share their strategies and monetize them. Anyone who lacks experience can use it to procure a trading strategy to help them earn through the bot.
Features:
Crypto builder
Marketplace
Trading terminal
Streamline crypto trading
Manage your portfolio
Price: Six different plans including a free option. The more funds traders add to holding, the greater the discount and the number of available bots.
7. Mizar
Mizar is preferred by many for its cost effectiveness. The bot can be used to manage, optimize, and automate trades. There are multiple options on offer, with copy-trading being the simplest one. You can follow and react to signals or replicate strategies created by professionals.
Alternatively, you can completely automate your trading by enabling the bot, and have it trade 24/7 on your behalf. Meanwhile, if you're copied by other users, you could earn passive rewards.
The bot offers multiple functionalities, including take profit, stop loss, trailing stops, and more. This can help them minimize risks while boosting rewards.
Features:
No monthly subscription fees or upfront costs
It features DCA bots and a Smart Trading Terminal
Paper Trading Account is available for testing strategies
Features a one-click copy trading with profit sharing
Price: No subscription fee or upfront costs, but there are volume fees depending on traded volumes.
8. Cryptorobotics
Cryptorobotics is another popular platform for automated trading. It features eight crypto trading bots that can be programmed with special rules and parameters. As a result, the platform and its bots are customizable to match your specific trading goals and strategy.
The bots were designed to analyze market data, execute trades, and follow strategies. So, they don't require you to constantly check in and see what's happening.
Features:
Automated trading
Data-based trading
Portfolio diversification
Paper trading
Alerts
Integration with crypto exchanges
High degree of customization
Price: Pro packages, profit sharing
9. Bitsgap
Bitsgap lets you manage your digital currencies with ease. It can also analyze over 10,000 crypto pairs to detect cryptocurrencies with the shortest potential. With these and other features, creating your own strategy only takes a few clicks.
Bitsgap consists of futures bots, Grid bots, Unlimited Smart Orders, and more. It's also connected to a number of crypto exchanges. Some examples include Binance, Kraken, Poloniex, Huobi, Bittrex, Livecoin, and others.
Features:
Easy-to-use tools for portfolio management and trading
Fully automated, available 24/7
Doesn’t require downloading to access it
Over 100 technical indicators
12 chart types
Available on more than 25 brokerages
Lets you test settings before trading
Price: $29 per month
Should you use AI crypto trading bots?
Many consider AI crypto trading bots to be excellent trading tools for new crypto traders. You may find that your favorite platform offers social trading and more than one bot trading strategy. These automated systems can immediately analyze trading signals and make a decision before a human trader even collects the data. They operate in real-time and aren't affected by emotions, meaning they could be the best trading strategy for you. All you need to do is set them up and monitor their performance as automated trading occurs.
In the end, the decision of whether or not to use them lies entirely with you. However, remember that trading yourself will include trial and error. Bots can be a more efficient way to tackle the crypto market, but they are not for everyone. It's important to set them up properly to achieve good results. However, if you do decide to try them out, the list above can help you decide where to start.
FAQs
Is there an AI bot that trades crypto?
Yes, there are numerous AI crypto trading bots available today. The list above offers nine different options for you to choose from.
Are AI trading bots legal?
Yes, AI trading bots are legal to use. They're considered trading tools — you can use them as much or as little as you like.
Do crypto trading bots actually work?
Most of the leading, reputable bots do work, and quite well. Of course, some bots are either fake or inefficient. This is why doing your own research before using one is important.
What is the best automated crypto trading bot?
Each bot has its advantages, so no bot can be identified as “the best.” It depends on what you are looking for — how simple or complex, how cheap or expensive. All bots on the list above are very efficient at what they do, so do be sure to review them before committing.
What’s an OKX trading bot?
An OKX trading bot is an automated trading tool created by the OKX platform. It's an algorithm that automatically performs trades on the OKX exchange.
Is the OKX trading bot free?
Yes, OKX Trading Bot is completely free for OKX users to use. It's considered to be another one of the trading tools that the platform offers for cryptocurrency trading.
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