9 Best Crypto Trading Bots for 2022

diligently checking the crypto markets on a daily—or possibly hourly—basis : it ’ s an epinephrine rush, but is it the most effective manner to trade ? If efficiency is your goal, algorithmic cryptocurrency trading bots can help .

What are crypto trading bots?

Cryptocurrency trade bots are calculator programs that create and submit buy and sell orders to exchanges based on the rules of a pre-defined trading scheme. For case, a identical simple trading bot might be programmed to sell Bitcoin when its price reached a certain brink. In short, crypto deal bots enable trading based on data and trends—not on emotional momentum. ultimately, this normally grows their profits, minimizes their risks, and limits their losses across exchanges. furthermore, bots can produce passive income 24 hours a day. Whether you ’ rhenium quiescence, bicycle, giving a presentation, whatever : you could besides be earning from automated trades. automatize trade is supported by a growing number of platforms, but we ’ ve done the research and presented our favorites below, along with some hardheaded context and advice about making them work for you.

Common crypto bot trading strategies

Arbitrage bots

Arbitrage botArbitrage bot source : Cryptohopper A crypto arbitrage bot is a computer program that examines and compares mint prices across exchanges in ordering to make automatize trades that take advantage of price discrepancies. For example a bitcoin arbitrage bot might identify that Bitcoin is trading for $ 200 more per token on Kraken than it is on bitFlyer, leading the bot to buy BTC on bitFlyer and promptly sell it on Kraken in arrange to make a minor profit .

Grid bots

Grid bot strategyGrid bot strategy trope beginning : Hackernoon

A grid bot is simple and thoroughly for beginners. You plainly set multiple “ grids ” of upper and lower monetary value limits for a sealed cryptocurrency. The bot then makes a series of interchangeable trades in order to incrementally accumulate profit. Let ’ s say you had the stick to parameters for comprehensive examination :

  • Lower limit : $ 100
  • upper restrict : $ 200
  • grid measure : 10

If the price of COMP is at $ 150 when you program the bot, you will have 4 open orders for sell and 5 overt orders for buy. If the price increases to $ 16, the bot will automatically place two pair orders : sell at $ 160 and buy at $ 150. The $ 10 profit is added to your balance .

Sandwich bots

Sandwich bots detect when a trader is placing a bid on a token. They then place a higher bid on the same token. The bot is betting that the trader will still want the keepsake, so if it wins the token, it will immediately try to sell it to the original bidder at a higher monetary value than the mint would initially have sold for.

Best all-around: Cryptohopper

Cryptohopper has a lot of might : it works with 100+ tokens on 15 exchanges and has hundreds of thousands of users. As such, its packages—which image from $ 0– $ 99/mo— offer something for everyone. Beginners will find a wealth of educational resources, templates, and signals, while experts can design and backtest their own strategies. Hosted in the cloud for quick deployment, Cryptohopper ’ s deep toolbox and user-friendly interface make it a good all-around option .

  • Exchanges : HitBTC, Okex, Bitpanda Pro, Bitvavo, Binance, Binance US, Coinbase Pro, Bittrex, Poloniex, Bitfinex, Huobi, KuCoin, Kraken, Crypto.com, Exmo, Bitvavo
  • Fees : free to $ 99/mo
  • Programming terminology : User interface, no programming required

Best for coders: Gunbot

Gunbot is n’t particularly easy to use, but it ‘s wide of features—if you ‘re uncoerced to get over the learning curve. This tool ‘s price reflects that it ‘s a tool for advance traders, particularly those who are comfortable coding their own scripts. It works differently than most bots : it ‘s ‘ a erstwhile purchase of a software download. This means that it ‘s security depends on you, and besides that you can resell the license if you ‘re not meet or stop using it. Best for coders : Gunbot has an active community for support and pre-built scripts .

  • Exchanges : Binance, Binance Futures, Bybit, Bitmex, Coinbase Pro, Kraken, Okex, FTX, others though CCXT library
  • Fees : Lifetime licenses range from $ 99 or .002 BTC to .0175 BTC
  • Programming Languages : Javascript or drug user interface

Best for Python: Trality

What sets Trality apart is its herculean Python API, which lets traders use this familiar lyric and libraries to develop bots. Its in-browser tease features include intelligent autocomplete and backtesting, debug, and soon, rebalancing. This bot has been slower than some others to introduce modern features and exchanges, but its easy-to-use Python integration and detail documentation make complex bot building more diaphanous .

  • Exchanges : Binance, Coinbase Pro, Kraken, Bitpanda
  • Fees : detached to 60 EUR/mo
  • Programming Languages : python

Best bot for advanced traders: 3Commas

3Commas offers sophisticate trade options in a user-friendly, surprisingly low-cost software, making it a good choice for autonomous traders looking to adopt more complicate strategies. For exemplar, options trade is a crafty occupation, but 3Commas has a simple, highly-visual exploiter interface that helps investors program automated options strategies. As an lend bonus, 3Commas ’ blog offers valuable insights, analytics, and guides for crypto traders .

  • Exchanges : Binance, FTX, Bybit, BitMEX, Deribit, Bittrex, Binance US, Bitfinex, Bitstamp, Coinbase Pro, Gate.io, Huobi, Kraken, KuCoin, Okex, Poloniex, Gemini
  • Fees : free to $ 99/mo ( halved if purchased annually )
  • Programming terminology : User interface, no program required

Best bot for beginning traders: CryptoHero

With identical low-cost pricing and a very simple exploiter interface, CryptoHero is ideal for traders who are newly to crypto bots. It ’ mho besides optimized for AI, another perk up for some time-pressed or novitiate traders .

  • Exchanges : Binance, Bittrex, Huobi, Okex, Coinbase Pro, FTX, Kraken, KuCoin, Bitfinex, Indodax, Tokocrypto, Mandala, Crypto.com
  • Fees : absolve to $ 29.99/mo
  • Programming terminology : User interface, no program required

Best exchange-built bots: Pionex

Pionex is a cryptocurrency exchange that gives users access to 12 free trading bots, including power system bots and arbitrage bots. The $ 0 price chase is appealing, but sol is the fact that because the bots are built into the change, the exploiter doesn ’ thymine need to wrestle with any API integrations. Be mindful, however ; to fund your account with USD, you will need to download Pionex Lite, a second app .

  • Exchanges : Pionex ( arbitrage is on spot-futures )
  • Fees : No monthly price, but .05 % deal fee on each grid trade transaction and Pionex takes 10 % of arbitrage profits, although holding BUB can reduce fees
  • Programming lyric : User interface, no programming required

Best free trading bot: Ichibot

Ichibot is more of a joyride than a bot, as it is run wholly through the command trace interface and won ’ t make any trade decisions on its own. It ’ s a trade scheme design chopine for those who prefer code over clicks. Users can design complicate trade strategies for Binance and FTX and execute them in real-time to take advantage of grocery store fluctuations .

  • Exchanges : Binance, FTX, Bybit, GlobeDX
  • Fees : none
  • Programming speech : Used as a CLI ( Command Line Interface ), but written in typescript

Best social trading bot: Shrimpy

Shrimpy is focused on long-run portfolio management. In addition to enabling automatic pistol trade, portfolio rebalancing, and cross exchange operation monitoring, Shrimpy besides connects users with a unique social feature. Traders can copy trade the strategies of top users. Or, if their own trades are highly successful, they may find themselves on top of Shrimpy ’ s “ leaderboard, ” giving them an opportunity to earn monthly income from posting. Shrimpy ’ s community, boastfully number of digest exchanges, and easy-to-use interface have made it a premier automatic trade platform .

  • Exchanges : Bibox, Binance, Binance US, Bitfinex, Bitmart, Bitstamp, Bittrex, Bittrex Global, Cex, io, Coinbase Pro, FTX, FTX US, Gate.io, Gemini, HitBTC, Huobi Global, Kraken, KuCoin, Okex, Poloniex
  • Fees : $ 19 to $ 299 per calendar month
  • Programming lyric : User interface, no programming required

Best for long-term portfolio strategy: Stoic 

Stoic is a long-run bot from Cindicator that works like a hedge fund. Linked with a user ’ mho Binance account, the bot allows users to establish a portfolio with some or all of the altcoins on Binance with a trade volume over $ 10 million. then, it rebalances the portfolio ’ mho balances mechanically based on the forecasts of a network of 180,000 fiscal professionals .

How do you file taxes for crypto bot trading?

You ’ ve selected your bot, programmed its strategies, and watched its results. nowadays, how do you file taxes on these transactions ? Put merely, crypto bots craft on exchanges on your behalf. so, when it comes fourth dimension to report cryptocurrency on your taxes, you precisely need to import your trades from these exchanges into cryptocurrency tax software. It ’ s the same process you ’ five hundred use for trades you make yourself. When choosing a bot strategy, it ’ south crucial to be mindful of how many trades the bot will be making. high frequency trading bots making dozens or hundreds of trades a day can result in tens—or even hundreds—of thousands of transactions that must be reported. This increases the complexity of your tax calculations, even if you ‘re using a crypto tax calculator. however, if you determine high frequency passive voice crypto deal is the right strategy for you, TokenTax can handle such trade with the appropriate crypto tax plan .

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