Cryptocurrency trading bots help investors to make accurate investment decisions. This article will look at 5 crypto trading bots to automate your trade.

Automation and insights are two of the most essential things artificial intelligence (AI) can do. Both of these are important in AI cryptocurrency trade.

Cryptocurrency investors now automatically use trading bots to buy and sell positions based on fundamental technical indicators. This is similar to how AI is used in regular stock trading.

Trading in crypto comes with some big problems. One reason is that the markets are always open, so traders have to keep an eye on the charts to ensure they get all the moves.

This is a big part of why AI crypto trade bots have become popular.

AI trading bots work better, and the person using them doesn’t have to spend much time learning about different parameters and tactics.

They’re also an excellent choice for people who want to start trading crypto because they let people who aren’t professionals use methods that make money.

What are Crypto Trading Bots?

Automated cryptocurrency trading software, or “crypto trading bots,” can assist you in making more intelligent purchases and sales in the cryptocurrency market.

This program’s primary focus is maximizing profits while minimizing costs and dangers. These programs allow control of all of your cryptocurrency exchange accounts centrally.

Trading cryptocurrencies like Ethereum, Litecoin, Bitcoin (BTC), and many more are made simple by a plethora of such apps.

Trading scripts for buying and selling Bitcoin were written in the days of Mt.Gox. The level of sophistication of these crypto bots has increased over time. These trading bots can now be used to trade various alternative cryptocurrencies.

These automated programs are responsible for over 90% of cryptocurrency trading.

To attract more consumers, boost trading volume, and increase fees, exchanges have begun developing trading bots such as Grid and DCA bots.

Cryptocurrency Trading Bots to Automate Your Trades

Modern crypto trading bots can do more than just trade crypto. Because they are built on AI, machine learning, and other intelligent technologies, they can use APIs to get big real-time data about the crypto market.

Then, they use predefined trading methods to look at this data and come up with valuable measures or conclusions called trading signals.

The analysis aims to guess what the future prices of cryptocurrencies, like Bitcoin and other coins, will be.

What counts is how accurate the guess is. The bot and crypto bot trade do better when the price is close to what was predicted. This is because it increases profits.

Once they know what the price will be in the future, they place trade orders to buy and sell crypto in fundamental markets.

These buy and sell orders are also filled because most calls instantly fill the limit and other charges. So, they either make money or lose money.

Crypto trading bots get their data from many places, like news sites, social networks, crypto market players, and more.

That’s why they use AI and machine learning to determine what news affects people and what news is likely to have a significant impact on market prices.

Bots can be bought as separate pieces of software or built into cryptocurrency markets.

Some examples of Crypto trading bots include;

Coinrule
NAGA
3Commas
Cryptohopper
OKX

Coinrule

With the easiest-to-use interface in its field, Coinrule is one of the trade bot providers that is growing the fastest.

Coinrule has helped thousands of traders invest billions of dollars on Binance, Coinbase, KuCoin, and other major cryptocurrency exchanges.

It has the support of top investors like Y Combinator and Urban Innovation Fund and Angel investors like the founders of Twitch, Kayak, and Eight Sleep.

Coinrule is a tool for automating cryptocurrency trading with over 200 template strategies, Copy Trading and Leverage Bots.

It works with many platforms, including Binance, Coinbase Advanced Trade, KuCoin, Kraken, and more, so trading is easy. Coinrule has apps for both iOS and Android that let you access it. If you want to try out its features, you can get a basic plan that is free for life.

Features of Coinrule

Any Coin Scanner: Coinrule looks at price trends across over 2,000 cryptocurrencies to help you find the best places to spend.
Trading Bot Marketplace: This allows buyers to find strategies carefully chosen to make them a lot of money. Traders can use these strategies with trust in less than a minute because they have been tested using historical data.
Coinrule has more than 200 preset trading plan templates that are great for people just starting. Users can also make their own rules.
Demo Trading: You can test your tactics in Coinrule’s risk-free demo mode.
Educational Resources: Coininrule has many learning tools, such as guides, lessons, and customer service.
Leverage Trading: Coinrule lets you trade with leverage on many platforms and comes with an “Any Contract” scanner to help you find the best leverage pairs.
TradingView Integration: Coinrule works with TradingView, giving you access to many technical indicators and trade settings that you can change.
Free Trial: The essential Plan is free for life
Price: It’s free.

NAGA

NAGA is one of the best places to trade crypto because it lets anyone set up automatic copy trading to copy what professional traders do. After putting down at least $250, this is done.

It’s also more accessible for traders who don’t know how to trade or code bots to make money from investments that give them regular or set returns with Naga copy trading bot.

One way to do this is to auto-copy traders whose strategies offer set or predictable returns.

Another thing is that it comes with a wallet that lets users store, send, receive, withdraw, and hold coins.

Trading also involves exchanging one cryptocurrency for another. These tools, like auto-copy trading, work with more than 40 cryptocurrencies.

Features of NAGA

You can deposit money with EPS, Ideal, p24, Bitcoin Cash, Bitcoin, Litecoin, Dash, Ethereum, and Naga coin. You can also use a credit card or bank account.
Cyprus Securities Exchange Commission is in charge of it.
It’s only available in the US, Australia, or elsewhere.
The NAGA technology now has both a web app and an Android app.
You must deposit at least $250 to use auto-copy trade in NAGA.
A lot of people to copy deals from.
You can trade stocks, crypto, ETFs, CFDs, and more than 90 financial products.
To cut down on transaction fees, use NAGA debit cards and cash. The NAGA bank card cuts expenses in half, and the NAGA coin cuts costs in whole.
You can use up to 1000 times your own money to trade.
Price: There are only 0.1 pips in spreads. $5 to take money. Three months of idleness fees cost $20. There may be fees for rollovers, swaps, and other things.

3Commas

3Commas is a tool for investing in cryptocurrencies that lets you trade manually and automatically.

With the advanced trading tools, users can control their assets on 16 big cryptocurrency exchanges from a single screen.

The best thing about 3Commas is that it helps traders make money by giving them trading methods that work in bull, bear, and sideways markets.

Features of 3Commas

Bot presets let new traders use the same places as experienced ones.
Traders can plan deals ahead of time with intelligent trading terminals.
DCA, Grid, and Futures bots carry out large-scale trading schemes and can work in almost any situation.
You can borrow and sell tokens at the current price and then repurchase them at a lower price with DCA Short bots.
Over time, use DCA Long bots to buy on natural drops and sell on spikes as the price rises. This will give you a better average entry price for your positions.
When tokens hit support levels, buy them with Grid bots. When tokens are close to resistance levels, sell them.
SmartTrade and Terminal let you plan your trades ahead of time based on the events you choose.
If you add signals to your bot, it will automatically copy the trades that skilled traders make.

Cryptohopper

Cryptohopper is one of the best-automated trading bots, and it lets you handle all of your cryptocurrency exchange accounts from one place.

You can buy and sell Bitcoin, Litecoin, Ethereum, and other cryptocurrencies.

Cryptohopper is a good cryptocurrency trade bot that works with Binance, Coinbase Pro, Kraken, and more.

It makes automated trading methods more accessible by providing Mirror Trading, Market-Maker, Arbitrage, and AI bots.

Cryptohopper is available on both iOS and Android, has a basic plan that is free for life, and has set monthly prices with no trading fees.

Features of Cryptohopper

You can make your technical analysis with this Bitcoin trade robot.
It’s easy to get bot templates and tactics.
Cryptohopper uses safe methods to keep your account secure.
Your information is protected with this free Bitcoin trade bot.
It has a design that is easy to use.
The tool gives information on performance in real-time.
EMA, RSI, BB, and other popular signals and indicators can be used with algorithms.
A very advanced strategy creator with more than 90 candle patterns and more than 30 indicators
Free Trial: The Basic Plan is free for life

OKX

OKX trading bots are pre-built bots that allow traders to auto-trade and customize their trading methods easily. The exchange offers a variety of crypto trading bots, including grid, DCA, arbitrage, and slicing bots.

Both spot and futures trading bots are available (the futures trading bot supports long, short, and neutral trading strategies). They can also be used for both traditional and margined trading.

Each of these bots is available to all users for free. They may be rapidly and readily created by any trader who understands what they are and how they work.

Log in, navigate to the bot page from the menu, select the type of bot, and then click or touch the Create button. Before executing the bot, adjust the settings.

The exchange’s bot marketplace enables traders to share and duplicate bot trading tactics from other professional users.

Before copying, you can view bots run by other users and their returning profit and loss percentages, runtime, maximum drawdown, and other statistics.

Features of OKX

A comprehensive tutorial on using OKX trading bots. The exchange discusses these bots, how they work, and how to utilize them in the deal in detail. Exchange also describes how to turn off bots and close trades.
Price lock trading bots, futures bots, spot grid trading bots, smart portfolio trading bots, moon grid, recurring buy bots, arbitrage trading bots, slicing bots for making iceberg orders, TWAP bots, and more trading bots are available.
Support team for bot trading and use is available on the OKX Telegram channel and through the website’s support center button.
All bots are free of charge.

Final Thoughts

Crypto trading bots, whether automated or powered by artificial intelligence, are a type of cryptocurrency trading software to increase traders’ efficiency and profits.

Remember that trading bots are not infallible and should be utilized as part of a larger, well-researched investment strategy to enhance the likelihood of making profitable deals.

5 Cryptocurrency Trading Bots to Automate Your Trades

What are Crypto Trading Bots?