Table of Contents
What happens if you have an assistant who 24/7 keeps an eye on your trading analytics and evaluates the market value without being tired? Automated Crypto Trading Platforms are those assistants that make wise decisions for you anytime while you’re watching your favourite show or spending time with family.
Most Traders use Automated Trading platforms or other software to handle their cryptocurrency trading. These platforms understand the analytics of trading more deeply than human beings, which is beneficial for traders. They are always looking for rising market values and make decisions smartly and quickly.
Now, explore some of the most famous trading platforms you can use for profit and ease.
Best Automated Cryptocurrency Trading Platforms
Here are some of the most trustworthy platforms that provide user-friendly interfaces and automate trading markets with better understanding. We've collected a short but detailed analysis of every trading platform. Study each one to see which platform best meets your requirements.
- Binance Trading Bot
- Dash2Trade
- Coinrule
- MEXC
- Cryptohopper
- Pionex
Binance Trading Bot
Price: $14/month
In terms of volume, Binance is not just the biggest cryptocurrency exchange but also highly preferred for automated trading. Approximately 87,000 cryptocurrency bots created by independent traders are hosted on the Binance platform, and over $100 million is believed to be invested in bots.
You can use various filters on the Binance Bot Marketplace, including trading direction and coin preference, to choose the ideal bot. You can duplicate a bot's trades by clicking the Copy button, or you can select an automated system to understand more about it.
Keep in mind that every bot will have a different initial investment requirement, but as these are typically only a few dollars, nobody should have any trouble fulfilling them.
Pros:
- Trading on the biggest exchange in the world based on volume
- 500+ cryptocurrencies are available for use
- Meagre investments required
- Many crypto trading strategies are provided.
Cons:
- Automated future trading is not available
- There are no further GBP deposits or withdrawals.
Dash2Trade
Price: $120/Year
Dash 2 Trade is a powerful platform that provides a wide range of crypto trading instruments. It is our best option because it supports many functions. It features an intriguing Smart Money function where its analysts give opinions about the market and the trendiest tokens almost weekly to give you the most recent news in the app. Dash2Trade has:
- Two bots and commands
- Back testing function for strategy evaluation.
- Bundle feature for buying digital currency in large quantities.
- Collection of 10,000+ trading methods.
- Support for over 400-coin pairs.
Dash2Trade will also offer more powerful features, such as copy trading bots and breakout alerts based on technical analysis. These features will make the platform more suited for technical traders who want to profit from rapid fluctuations in cryptocurrency prices.
Pros:
- Best trading bot for beginners
- Provides trading bots for DCA and Grid.
- Technical indicators, with approaching breakout signals
- The platform can be tried out for free.
Cons:
- The majority of features are paid.
- Only allows for cryptocurrency auto trading.
Coinrule
Price: Free trial, $30/month
Coinrule is a trading bot that guides users in enhancing their cryptocurrency trading with modern tools and pre-built techniques. It intends to make complex trading tools and methods normally limited to businesses and investment firms available to common traders.
With Coinrule's tester function, you can design and verify automated strategies that you may apply to any connected exchange. The site supports over 15 exchanges and offers access to over 34 automatic trading bots, including RSI Scaling, Golden Cross trading, Bollinger Bands, and many more.
The template library contains pre-built trading rules, some of which can be accessed for free and some of which need a paid subscription.
Pros:
- Choice to create personalized bots and techniques.
- Support for over 80 coins and over 10 exchanges.
- 150 pre-made trading methods are available.
Cons:
- Not connected to blockchain networks.
- Mobile App is not available.
MEXC
Price: Free, Trading fees 0.01%
For cryptocurrency investors, MEXC is among the greatest copy trading sites. The program attracts thousands of seasoned traders who use a wide range of strategies, including high-frequency trading, long-term trading, and day trading. MEXC offers various filters to help you locate the ideal trader.
The number of followers, win rate, and profit or loss rate are some of the factors you can use to pick out traders. Additionally, you may add trades to your list of targets and click on a trader's name to read more information about them. MEXC can handle trading for you automatically once you've found a trader you like.
MEXC provides 0% trading commissions to market buyers and dealers. Trading privately is possible for those who withdraw less than 20 BTC per day.
Pros:
- No minimum amount of money needed to invest
- Follow thousands of cryptocurrency investors
- Excellent copy features for cryptocurrency trading
- Many alternatives for trading futures and spots
Cons:
- Some cryptocurrency traders use risky and hostile methods.
- You can only create a private account when you deposit cryptocurrency.
Cryptohopper
Price: Free trial, $24.16/month
Cryptohopper is one of the best possibilities to think about. It is an automated trading bot for cryptocurrencies that performs at customization. The creators built a primary drag-and-drop mechanism that simplifies and speeds up the process of creating bots.
More than 130 indicators, such as the Commodity Channel Index and Aroon Oscillator, are supported. The bot will make the orders as soon as your technical metrics are activated. Backtesting Cryptohopper bots is as simple as clicking a button.
With Cryptohopper's free edition, trading supporters can open up to 20 positions at once. Furthermore, the free custom software on the platform is accessible to all users.
Pros:
- Copy bots are unlimited on the free plan.
- Very user-friendly tools for creating personalized bots
- Featuring copy bots, templates, techniques, and signals
Cons:
- Full functionality requires a $129 monthly membership.
- Only the most costly package offers unlimited signals.
Pionex
Price: Free, Trading free = 0.05%
Pionex is a cryptocurrency trading platform that offers profit opportunities through staking and current and futures trading. It features 16 combined, free cryptocurrency auto trader bots that are always ready to purchase and sell. The platform offers several bot choices that cover different assets, opportunities to invest, market situations, and trading techniques.
One of the top-performing bots on Pionex is Grid Trading Bot. This bot places trade orders within a preset price range, allowing users to profit from market swings. When prices change, the bot makes transactions and makes a tiny profit on each one.
The trading platform is among the greatest cryptocurrency leverage trading exchanges because it gives up to 100 times leverage on futures trading with competitive trading costs (0.05%).
Pros:
- Trading 370+ cryptocurrency assets
- Simple to set up on every bot
- Detailed manuals for every auto trader
Cons:
- The bots do not have a free demo account.
- little possibilities for customization
How to select best crypto Auto Trading platform?
Selecting the ideal cryptocurrency AI trading bot can be similar to selecting the perfect companion for your cryptocurrency adventure. Choosing another option is critical based on your risk tolerance and trading objectives among the wide range of options available.
Here are some important things to consider while selecting the best crypto trading platform:
Investment Goals and Risk Control
It's critical to define your investing goals and risk tolerance before stepping foot in the field of cryptocurrency AI trading bots. Selecting a bot with techniques that complement your goals will be easier if you know your objectives.
Similarly, choosing a bot that fits your level of trust with market swings will be enhanced by knowing your risk tolerance, whether you're a risk-taker or averse to risk.
Trading Strategies
Make sure the trading bot you select is suitable for the platforms you use because not all platforms support all exchanges. Analyze the available trading methods. Certain bots focus on particular trading techniques, such as arbitrage, grid trading, or dollar-cost averaging. Verify if the bot's trading methods suit your goals and trading style.
Security Measures
The most important thing is security. Make sure the bot you select has strong security features like encryption, secure API connections, and two-step verification. A reliable bot will prioritize securing your money and private data.
User Interface
Having an easy-to-use interface may be very beneficial, particularly for those who are new to trading cryptocurrency. Search for a bot with an interface that will simplify the process of setting up and monitoring your trades.
Additionally, client service is also a crucial part. If you have any problems, excellent customer service can prevent you from a lot of trouble through email, live chat, or thorough FAQs.
Frequently Asked Questions
Q. Are crypto-bots profitable?
Bots for crypto trading might be profitable. It's not as easy as it seems, though. You must gain a greater awareness of these tools' operation.
Q. Do cryptocurrency trading bots create a risk?
There can be a significant risk of loss. Trading risks losing all or more of your virtual asset balance.
Q. How do crypto bots operate automated?
Bots for automated cryptocurrency trading efficiently automate a certain step in the trading procedure. While specific offerings only identify options when you use cryptocurrency exchanges to complete trades, others use pre-established algorithms to find and manage trades.
