The Best Crypto Trading Bots

Crypto markets are once again hitting the mainstream thanks to the recent price surge that Bitcoin and many other cryptocurrencies are experiencing. Because of this, we're starting to see more and more people using crypto trading bots.

What is a crypto trading bot?

Crypto trading bots are essentially pieces of software that automate the cryptocurrency trading and investing process. By using a crypto trading bot, you can (ideally) sit back and relax while the bot does all the hard work of watching markets and executing trades on your behalf. In addition, obviously, the hope is that the bot will make profitable trades and investments over time.

However, despite that basic common ground, there are a lot of differentiating features found in the various crypto trading bots out there. So which ones should you use?

Well it sort of depends on exactly what you're looking for in a crypto trading bot. But in this post, we're gonna cover some of the best crypto trading bots in a variety of different categories.

Why should I use a crypto trading bot?

There's a bunch of great reasons to use bots for automating the trading and investment process. They can save you a bunch of time. They can work even while you're sleeping or doing other activities. And most importantly, they're consistent.

So without further ado, here's a list of the best crypto trading bots out there.

Crypto Booster

Crypto Booster

Crypto Booster is a crypto trading bot oriented towards automated crypto investing. Essentially, this bot lets you easily create your own crypto index funds in seconds. Historically this has been a winning strategy in the crypto space compared to just HODLing or manually attempting to buy low and sell high.

In addition, Crypto Booster offers one huge advantage compared to a lot of other crypto trading bots out there: It's simple and easy to use. You don't need to have any experience with technical analysis, you don't need to know about arbitrage, you don't need to do tons of back tests to find the perfect trading pair, etc…

You can get setup Crypto Booster within minutes and have a portfolio that consistently tracks the best performing coins. Plus, it has support for several exchanges such as Coinbase Pro, Binance, Binance US, and Bittrex.

You'll also find that Crypto Booster is the cheapest crypto trading bot on this list. Plus, it has the most flexible pricing options, with the ability to either purchase a lifetime license or sign up for a cheaper subscription plan.

So if you're looking for a simple, yet powerful crypto trading bot that won't break the bank, you can't go wrong with this one.

You can check out Crypto Booster's 7 day free trial here.

3Commas

3Commas

3Commas is a well known crypto trading software that offers some nice automated crypto trading features. One particularly nice feature that 3Commas offers is the ability to set stop loss and take profit orders simultaneously (something you can't easily do on the vast majority of cryptocurrency exchanges).

In addition, 3Commas provides ways to trigger certain trades based on certain market triggers.

3Commas clearly has a lot of functionality built in however it does have one downside if you're not a trader or someone familiar with technical analysis. You still have to manually choose which trades to enter into. But if you're a seasoned trader looking to automate your already working strategies, you probably will get a lot of value out of 3Commas.

3Commas isn't the cheapest automated crypto trading service out there, but it certainly won't bankrupt you either.

You can get started with 3Commas here.

Gunbot

Gunbot

Gunbot is another well known and established cryptocurrency software that allows you to automate your own trading strategies. It's a powerful and flexible tool and it differentiates itself from other services out there by running directly on your computer rather than in the cloud.

However, like the previously mentioned 3Commas, Gunbot requires some experience with trading to truly take advantage of its full potential. So if you have proven, profitable trading techniques that you'd like to automate without relying on a cloud service, Gunbot may be for you.

Gunbot supports a number of popular cryptocurrency exchanges as well. As for pricing, Gunbot is definitely on the pricier side, compared to some other crypto trading bots other. However, the good news is they allow you to make a one time purchase rather than requiring a subscription.

You can get started with Gunbot here.

ProfitTrailer

ProfitTrailer

ProfitTrailer is another popular, automated crypto trading platform. ProfitTrailer has similar features to Gunbot and 3Commas: It allows you to automate your preferred trading strategies so you can potentially profit from crypto trading even while you sleep.

ProfitTrailer also has a tool that lets you spot potential good trading opportunities. However, ProfitTrailer runs into the same issues that 3Commas and Gunbot have: You need some semblance of trading experience to fully take advantage of the features available here.

If you don't have proven, profitable trading strategies that you can automate, it may be hard to experience success with this service. But if you're confident in your trading ability, this may be the crypto trading bot for you.

ProfitTrailer also has support for many popular crypto exchanges so you'll have no issues using your preferred platform. Similar to Gunbot, ProfitTrailer only allows you to purchase lifetime licenses for its software so you'll find that it's a bit pricier compared to Crypto Booster and 3Commas.

You can get started with ProfitTrailer here.

Conclusion

As you can see, there are a variety of powerful and useful crypto trading bots out there. However, many of these bots are definitely more oriented towards experienced traders with proven trading strategies.

If you're an experienced or seasoned crypto trader looking to automate your proven strategies, you may find a ton of value in 3Commas, Gunbot, or ProfitTrailer.

However, if you're a beginner in the crypto space, or just someone more interested in longer term crypto investing rather than shorter term trading, you'll probably find that Crypto Booster is best suited for you.