10 Best Bitcoin Robots for 2024

Interested in bot trading and Bitcoin? Welcome to the best source highlighting the latest top Bitcoin robots to watch out for. Pre-programmed robots can trade Bitcoin and other cryptocurrencies 24/7, without suffering from fatigue or emotions. You’re about to learn about the highest-rated Bitcoin robots to use in 2024.

In this guide, I explore 10 Bitcoin robots that offer a passive investing experience. Some of my picks come with a plug-and-play service, while others enable you to build a strategy from the ground up. Read on to choose the best option.

List of the Best Bitcoin Robots for Investors in 2024

The Basics of Bitcoin Robots

Bitcoin robots, or ‘bots’, buy and sell cryptocurrencies based on pre-programmed code. Many are developed with artificial intelligence, machine learning, and other emerging technologies. This enables crypto robots to operate autonomously, trading the markets without human input. As a crypto bot user, this means you can invest passively.

Most crypto robots make trading decisions based on technical analysis. They operate on a rules-based system, meaning trades are only executed when certain triggers have been met. For instance, consider a crypto robot that specializes in the BTC/USD pair. It has been developed to scalp BTC/USD during sideways markets.

The robot identifies key support and resistance levels by assessing Fibonacci levels and moving averages in real-time. It then enters buy and sell positions, alongside risk-averse stop-loss and take-profit orders. This process is repeated 24 hours per day, 7 days per week. Naturally, each crypto bot will have a native trading strategy.

Some are built for short-term trading strategies, while others take a long-term approach. For instance, some of the best crypto trading robots are focused on dollar-cost averaging. The robot will make purchases at the best prices possible, such as 1% dips. This helps investors build exposure to their favorite coins without manually playing orders.

Crypto robots are suitable for all investor profiles. For a start, robots are ideal for beginners with no prior trading experience. Providers like Dash 2 Trade offer an automated service with a pre-built strategy. This means beginners can connect the robot to their preferred exchange and allow it to start trading straightaway.

Robots are also suitable for time-starved investors, considering they offer a passive experience. In addition, they can be customized, so you can easily automate a preferred investment strategy. The possibilities are endless. However, cryptocurrency trading bots aren’t a sure-fire way of making money. Always do your own research to ensure you’re using a legitimate robot.

A Closer Look at How Crypto Trading Robots Work

You’ll be entrusting a crypto robot with trading funds, so it’s crucial to be well-informed before proceeding. This section takes a much closer look at how Bitcoin trading robots work.

Pre-Programmed Trading

Put simply, cryptocurrency bots are software-based files, often backed by artificial intelligence. Robots can take several years to develop, considering the complex and volatile nature of the crypto markets.

Most robots operate on the ‘if-then’ logic, which is a rules-based approach to trading. This means the bot places crypto orders when a key metric is triggered.

For example, let’s say the ‘if’ mechanism is:

• BTC/USD hitting an RSI of 68

And the ‘then’ mechanism is:

• Short-sell BTC/USD

So, in this example, the robot will short-sell BTC/USD if the RSI hits a 68 reading. No other triggers are in place. This means the robot cannot trade unless the RSI target is reached. This is a simplistic example of how the if-then concept works. The best Bitcoin robots will have multiple trigger points, giving them a solid chance of making consistent gains.

The key point is that Bitcoin robots cannot deviate from the underlying code. This ensures trades are only entered when pre-determined conditions are met.

Popular Robot Strategies

Crypto robots follow pre-programmed strategies. There are many strategies to choose from, each with varying risks and trading goals.

Let’s explore some of the most popular so you know what to look for.

Grid Robots

Grid robots are ideal for trading sideways markets. This means there are small price movements for an extended period. For example, consider BTC/USD trading between $67,000 and $70,000 for two weeks. This would be considered a sideways market, which is conducive to grid robots.

• The robot will first identify the support and resistance levels.
• In this example, that’s $67,000 and $70,000, respectively.
• It will enter buy orders just above the support level. And sell orders just below the resistance level.
• The robot will make profits while BTC/USD remains in this zone.
• It will also add stop-loss orders on both sides of the trend. This protects the account balance from a sudden breakout – either above or below the consolidation zone.

Grid robots adopt a short-term strategy, but they can be deployed on virtually any crypto pair. That said, they work best when trading large-cap cryptocurrencies like Bitcoin and Ethereum. This is because of tighter spreads, ensuring the grid robot can still make money from small price movements.

DCA Robots

Dollar-cost averaging (DCA) is a popular investment strategy with long-term buyers. It removes the need to predict market cycles, as DCA strategies make small but frequent investments. This averages the cost basis over time. DCA robots take this strategy to the next level.

• For example, suppose you view Litecoin as one of the best cryptocurrencies to buy.
• A DCA robot could buy Litecoin whenever the price dips by 0.5%.
• Or, it could make small investments every 24 hours.
• It could also buy Litecoin based on technical readings. For instance, it could increase exposure whenever the RSI declines from the previous day.

The key concept is to make strategic purchases at the best price possible. DCA robots are also ideal for building multi-asset portfolios. For example, you might want exposure to 10 different coins and wish to DCA daily. The robot can automate each investment, saving you time and effort.

Futures Robots

Some of the best Bitcoin robots trade futures. These are often perpetual futures, which are available on the best automated crypto trading platforms. Perpetuals don’t have a settlement date, making them ideal for robot strategies. What’s more, perpetual futures often come with small margin requirements.

They also support short-selling, ensuring market flexibility. Futures robots are more suited to high-risk speculators. This is especially the case when trading with leverage.  The robot will buy and sell futures based on technical readings, such as the exponential moving average, RSI, MACD, and Bollinger Bands.

Connecting to Exchanges

Once you’ve purchased a Bitcoin robot, you’ll need to connect it to an exchange. This is usually a simple process. The robot platform requires an API key, which you can retrieve from the exchange. This enables the robot to access your exchange balance, meaning it can place investments on your behalf.

Make sure you check the permissions settings before providing the API. In particular, the bot should not have access to withdrawals. After you’ve activated the robot, it will trade 24 hours per day. During the first few days, it’s best to monitor the robot’s performance. Consider deactivating the robot if it’s not performing as expected.

Reviewing the Top Crypto Trading Robots

You’ll now find reviews of the best crypto trading bots in the market. Some of the key metrics I focus on are trading strategies, performance, pricing, reputation, and supported exchanges. Read on to choose the right trading robot.

1. Dash 2 Trade – The Overall Best Crypto Robot for Beginners

In my view, Dash 2 Trade is the overall best option. It has developed an all-in-one trading terminal that comes packed with analysis features and tools. This includes pre-built robot strategies that automate the investment process, such as grid trading and dollar-cost averaging. Dash 2 Trade is ideal for beginners; it takes minutes to get started with an automated strategy.

You’ll need to choose your preferred exchange and trading pairs, such as BTC/USD on Binance or ETH/USD on Bybit. Next, Dash 2 Trade will ask for your risk settings. For instance, you might want to add a stop-loss of 2% on all positions. And limit trading orders to $25. You can then activate the robot and it will begin trading – 24/7.

Dash 2 Trade also offers paper trading tools. This means the robot can trade in simulated market conditions without risking money. Dash 2 Trade also comes with an analytics dashboard. This ensures you can easily keep tabs on the robot’s performance. Dash 2 Trade charges $10 per month on credit card payments. Discounts are offered when paying with crypto.

Dash2Trade Key Features:

• Automated Trading Strategies: Dash 2 Trade offers a range of pre-built strategies like grid trading and dollar-cost averaging, allowing users to automate their investments with ease.
• Customizable Risk Management: Set personalized risk settings, such as stop-loss and trading limits, to align with your comfort level. This helps ensure safe trading even in volatile markets.
• Simulated Trading with No Risk: Utilize Dash 2 Trade’s paper trading tools to test strategies in simulated environments, perfect for beginners who want to practice without risking real funds
• Comprehensive Performance Tracking: Stay in control with a detailed analytics dashboard, which helps monitor and adjust your bot’s performance in real-time.
• Affordable Pricing: At just $10 per month, Dash 2 Trade is a cost-effective solution, with further discounts for crypto payments.

Pros

• The best Bitcoin robot for automated trading
• Fast and easy set-up
• Multiple ready-made strategies to choose from
• Paper trading tools and backtesting features
• Performance dashboard helps you monitor the robot
• Very cost-effective – the maximum price is $120 per year

Cons

• Doesn’t offer flexible monthly plans
• The free tier doesn’t support robot trading

Visit Dash 2 Trade

2. Cryptohopper – Design a Profitable Bitcoin Trading Robot Without Coding Skills      

My top pick for robot customization is Cryptohopper. This top-rated platform enables users to create a new robot strategy without coding requirements. This could be a better option in the long run, as you won’t be using the same strategies as other investors. Cryptohopper’s strategy-building dashboard is very user-friendly, so even beginners can give it a try.

What’s more, all new users get a risk-free, three-day trial. First, you need to select the required exchange and trading pairs. Next, you’ll need to start building your conditions and triggers. This includes simple triggers like percentage changes, volume, and time frames. Technical indicators are also supported, such as the MACD and Bollinger Bands.

You can also set risk management conditions, including stop-losses and take-profits. If you’re new to building robot strategies, Cryptohopper provides guides and explainers. It offers backtesting facilities too, so you can test your robot strategy risk-free. After the trial, you’ll need to pay $29 per month to access the strategy builder.

Cryptohopper Key Features:

• Customizable Without Coding Skills: Cryptohopper allows you to design a personalized Bitcoin trading robot without needing to write a single line of code. Its intuitive dashboard makes creating strategies easy and accessible for both beginners and advanced traders.
• Comprehensive Strategy Building Tools: You can fine-tune your robot with a wide range of conditions, triggers, and technical indicators such as MACD and Bollinger Bands. This flexibility ensures that your trading strategies can be as simple or as advanced as you need them to be.
• Risk Management Features: Cryptohopper includes built-in risk management tools, such as stop-losses and take-profits, to help minimize your exposure and protect your investments.
• Risk-Free Trial: New users can enjoy a three-day risk-free trial, giving you a chance to experiment with the platform and evaluate its potential before committing to a subscription.

Pros

• Build a bot trading crypto strategy from the ground up
• User-friendly dashboard without coding requirements
• Supports a huge range of conditions and triggers
• Offers backtesting tools via the AWS cloud
• Also popular for copy trading

Cons

• Access to the strategy builder costs $29 per month
• The three-day trial might not be long enough for some users

Visit Cryptohopper

3. Pionex – Build a Diversified Crypto Portfolio With an Auto-Rebalancing Robot     

Pionex is one of the brands I recommend for long-term investors who favor diversification. This means you’ll be building a balanced portfolio that contains many different cryptocurrencies. Pionex is ideal here, as it supports 379 coins and tokens. This includes everything from Bitcoin, Solana, and Ethereum to dogwifhat, XRP, and Pepe.

This platform also offers the perfect robot to streamline your investments. Its Rebalancing Bot enables you to choose which cryptocurrencies you want exposure to. You can then decide on the most suitable weights for each asset. For instance, you might want 50% of your portfolio in Bitcoin. And then 10% equally in Ethereum, BNB, Arbitrum, Litecoin, and Uniswap.

After making the initial purchase, the robot will monitor market prices 24/7. Should one of your investments deviate from the stated weight, it will rebalance the portfolio accordingly. Best of all, Pionex offers some of the lowest fees in the market. You’ll only pay a 0.05% commission on each trade. No other fees apply, meaning robots are free to use.

Pionex Key Features:

• Auto-Rebalancing for Diversification: Pionex’s Rebalancing Bot helps you build a diversified crypto portfolio effortlessly by allowing you to set target allocations for multiple cryptocurrencies. The bot monitors your portfolio 24/7, automatically rebalancing it when assets drift from their desired weights.
• Low Trading Fees: One of Pionex’s standout features is its extremely low trading fees, charging just 0.05% per transaction. With no extra costs for using the bots, it’s an affordable solution for long-term investors.
• Hands-Off Portfolio Management: The Rebalancing Bot allows for a completely automated portfolio management experience. Once you set your target weights for each asset, the bot takes care of the rest, adjusting your holdings as market conditions change.
• US Client-Friendly Platform: Pionex offers a dedicated platform for US-based clients, ensuring that American investors can also benefit from its automated rebalancing and low-fee trading environment.

Pros

• One of the best free crypto trading bots
• Only pay trading commissions of 0.05%
• Supports hundreds of the best altcoins
• The robot automatically rebalances your investments
• Offers a dedicated platform for US clients

Cons

• You can’t use Pionex robots on other exchanges
• Better short-term strategies are available elsewhere

Visit Pionex

4. Bitsgap – Streamline Micro-Cap Investments on the Uniswap Exchange      

Bitsgap is one of the best options for trading on Uniswap, the world’s largest decentralized exchange. This is where new cryptocurrencies on the Ethereum network initially launch. Attempting to buy tokens on Uniswap can be cumbersome, as the dashboard comes with limited features. This is where Bitsgap can help.

Put simply, Bitsgap can automatically buy and sell new tokens based on your preferred strategy. For instance, new token launches often result in wild pricing swings, as it takes time for the markets to stabilize. The Bitsgap robot can dollar-cost average your investments. For example, by purchasing $20 worth of tokens every 15 minutes.

In addition, Bitsgap also offers a grid trading strategy for Uniswap. It will buy and sell tokens within pre-defined ranges, allowing you to capitalize on market volatility. Bitsgap offers a one-week trial on its Uniswap robot, which should be long enough to test the interface. After that, you’ll pay between $29 and $149 per month.

Bitsgap Key Features:

• Automated Trading on Uniswap: Bitsgap offers seamless integration with Uniswap, the leading decentralized exchange for Ethereum-based tokens. Its trading bot automates the buying and selling of new tokens, helping you navigate the volatility of new launches with ease.
• Supports DCA and Grid Trading: Bitsgap provides both dollar-cost averaging (DCA) and grid trading strategies for Uniswap. These features allow you to gradually build positions in new tokens or profit from price swings by buying and selling within set price ranges.
• Perfect for Micro-Cap Tokens: Bitsgap is particularly useful for investors interested in micro-cap tokens, which often have high volatility during their early stages. The bot can help you enter these markets with more precision and less hassle.
• User-Friendly with a One-Week Trial: New users can test out Bitsgap’s Uniswap robot with a one-week free trial. The platform is easy to set up and start trading within minutes, making it accessible even for beginners.
• Flexible Subscription Plans: After the trial period, Bitsgap offers flexible subscription plans ranging from $29 to $149 per month, depending on the level of access and features you need, such as grid trading and futures.

Pros

• Top-rated crypto robot for the Uniswap exchange
• Supports DCA and grid trading
• A great option for buying micro-cap tokens
• Offers a one-week free trial to new users
• Takes minutes to get started

Cons

• The $29 plan is limited to two grid trading bots
• You’ll need to pay $69 per month to access futures

Visit Bitsgap

5. Binance Trading Bot – Thousands of Free Ready-Made Bot Strategies to Choose From      

Binance is also a popular option when investing in a crypto trading robot. It enables users to monetize their proven strategies through a profit-sharing system. This means you aren’t required to pay any fees unless the bot makes money. That said, you’ll also need to cover Binance commissions, although the platform charges just 0.1% per slide.

There are more than 132,000 active strategies on the Binance website. As long as you have a balance, you can copy a trading bot instantly. Robots are divided between spot trading and futures. You can sort trading robots by their past performance, but keep an eye on the runtime. Binance also supports AI trading bots, which base their strategies on artificial intelligence analysis.

This is because some Binance robots have only been active for a few days. One of the most popular robots is the ‘BTC/USD Perpetual’. This trades Bitcoin futures with 125x leverage. It has a return on investment of over 590%. More risk-averse investors should focus on spot trading robots, as these come without leverage.

Binance Trading Bot Key Features:

• Huge Selection of Ready-Made Strategies: Binance offers access to over 132,000 active bot strategies, giving you the flexibility to choose a trading approach that aligns with your goals. Whether you’re into spot trading or futures, there’s a bot for every type of investor.
• No Upfront Fees: You only pay when the bot makes a profit through Binance’s profit-sharing system. This risk-sharing model means you don’t need to worry about paying for an underperforming strategy. Just remember that you’ll still cover Binance’s low 0.1% trading commission.
• AI-Driven and Customizable Bots: Binance supports AI-powered bots, which leverage advanced algorithms to make smarter trading decisions based on real-time data. You can also filter bots based on their performance, runtime, and risk level to find the perfect fit for your needs.
• Spot and Futures Trading Support: Whether you’re a risk-averse trader preferring spot markets or an experienced investor looking to capitalize on futures with up to 125x leverage, Binance bots have you covered. This versatility is ideal for tailoring strategies to your risk tolerance.
• Wide Market Compatibility: Binance trading bots work across hundreds of cryptocurrency markets, allowing you to diversify your investments and take advantage of opportunities across multiple crypto assets with minimal effort.

Pros

• Thousands of ready-made robots to choose from
• Supports spot trading and futures
• No upfront fees required
• Offers a fair profit-sharing agreement
• Compatible with hundreds of crypto markets

Cons

• Most robots have a limited track record
• Binance robots are banned in some countries – including the US

Visit Binance

6. Bybit – Auto Trade Leveraged Futures on Hundreds of Popular Pairs

Another important brand on this list of Bitcoin robot providers is Bybit, one of the world’s largest exchanges. Bybit is one of the best options for trading leveraged futures. It offers a user-friendly dashboard that enables you to find the perfect robot. For example, you can sort futures robots by the return on the investment or the number of copiers.

Make sure you opt for robots that have been active for at least 30 days. But even longer is better. One of the most popular robots to copy is ‘KAS/USDT’. This is a long strategy on Kaspa with 10x leverage. It has returned gains of 854% since launching 167 days ago. Another popular robot is the ‘RSS3/USDT’, which trades RSS3 with 3x leverage.

This robot has a return on investment of 426%. That said, there are thousands of other robots to choose from, including support for the spot trading markets. Bybit is considered a safe exchange and offers competitive fees. You only need to pay standard commissions when using Bybit robots. This costs 0.02% (futures) or 0.1% (spot) per slide.

ByBit Key Features:

• Seamless Exchange Integration: The ByBit Trading Bot is built directly into the ByBit platform, providing a smooth and fast trading experience with no need for third-party software.
• Risk Management: ByBit allows you to set stop-loss and take-profit orders, as well as position sizes, helping to control risk even in volatile market conditions.
• Backtesting and Demo Trading: Test your strategies using historical data or practice in a simulated environment with ByBit’s demo trading feature, allowing you to perfect your approach before risking real funds.
• Performance Tracking: ByBit offers real-time performance tracking tools that enable you to monitor and optimize your bot’s actions in real-time.
• Free to Use: The ByBit Trading Bot comes with no additional cost, making it a cost-effective option for crypto traders who want to automate their strategies without paying subscription fees.

Pros

• A popular robot provider for trading leveraged futures
• Simplified filters to find the most suitable robot
• Supports hundreds of leveraged markets
• Only pay standard trading commissions
• One of the largest crypto exchanges for trading volume

Cons

• Bybit robots can’t be used on other exchanges
• Some robots have been active for less than a week

Visit Bybit

7. WunderTrading – Offers a Martingale Robot for High-Risk Crypto Investors         

WunderTrading offers a range of Bitcoin robot strategies, including dollar-cost averaging and grid trading. However, investors seeking the highest returns might like its Martingale robot. This follows the traditional Martingale concept, where losing trades are doubled until a win is secured.

For example, suppose the robot risks $1 worth of Bitcoin on the first trade. It loses, so the next trade is worth $2. Then $4, $8, and so on. This is a high-risk strategy that requires a sufficient account balance. However, only invest what you are prepared to lose, as too many unsuccessful trades will deplete your bankroll entirely.

Some WunderTrading traders use the Martingale robot on leveraged futures markets. It’s compatible with the leading futures platforms, including MEXC, Binance, Kraken, and OKX. WunderTrading offers a one-week free trial, so you take the Martingale robot for a test drive. Standard prices range from $4.95 to $89.95, depending on your requirements.

Wundertrading Key Features:

• Martingale Strategy for High-Risk, High-Return Traders: WunderTrading’s Martingale robot is designed for investors comfortable with risk, as it doubles down on losing trades until a win is achieved. This strategy can potentially generate high returns. However, be aware that this technique calls for careful risk management and a sufficient balance to handle potential multiple losses.
• Supports Multiple Trading Strategies: In addition to Martingale, WunderTrading also offers more traditional strategies like grid trading and dollar-cost averaging. This gives you the flexibility to choose an approach that suits your investment style and risk tolerance.
• Compatible with Leading Futures Platforms: The Martingale robot can be used on major futures trading platforms such as Binance, Kraken, MEXC, and OKX, providing advanced traders with opportunities to maximize returns through leverage.
• Flexible Pricing Plans: With plans ranging from $4.95 to $89.95, WunderTrading provides scalable options for all types of traders, making it accessible whether you’re a casual investor or a high-stakes trader looking for premium features.

Pros

• Offers a Bitcoin robot that leverages the Martingale system
• A great option for high-risk, high-return traders
• Also supports grid trading and dollar-cost averaging
• Supports the leading futures trading platforms
• Get started with a free one-week trial

Cons

• Live chat support isn’t available 24 hours
• Most plans limit the number of exchange connections

Visit WunderTrading

8. KuCoin – One of the Best Robots for Investing in Trending Crypto Narratives          

KuCoin is a great choice for investing in trending crypto narratives. This is because you can build a robot that invests in leading cryptocurrencies from a particular market, such as decentralized finance, play-to-earn gaming, or meme coins. It supports more than 700 coins and tokens, so you’ll never be short of options.

Plus, the most popular narratives already have ready-made robots. This means you won’t need to waste time building your own portfolio. For example, suppose you want exposure to gamification projects. The GameFi Revolution robot is ideal, which tracks MANA, TLM, GMEE, WIN, AURY, and SHILL.

Alternatively, if you’re interested in the privacy-focused narrative, you might like the Anonymous & Privacy robot. This invests in ZEC, DASH, and XMR. Whatever niche you like, KuCoin robots ensure the portfolio is actively managed. This means portfolios are weighted and rebalanced automatically. No fees are charged to use KuCoin robots – just cover the commission.

KuCoin Key Features:

• Invest in Trending Crypto Narratives: KuCoin allows you to invest in popular and emerging crypto narratives, such as decentralized finance (DeFi), play-to-earn gaming, and privacy-focused projects. You can choose from ready-made robots that track leading cryptocurrencies within these sectors, making it easy to follow the latest trends.
• Over 700 Supported Coins and Tokens: With support for more than 700 cryptocurrencies, KuCoin provides a vast range of options for diversifying your portfolio across various narratives, ensuring you never miss out on emerging market opportunities.
• Automated Portfolio Management: KuCoin robots automatically manage your portfolio by weighting and rebalancing it as needed. This hands-off approach allows for long-term investing without the need to constantly monitor or adjust your holdings.
• No Fees for Using Robots: KuCoin’s trading robots are free to use, with no upfront or subscription costs. You only pay standard trading commissions, making it a cost-effective option for building and maintaining your crypto portfolios.
• Ideal for Long-Term Investors: With its focus on trending narratives and automated portfolio management, KuCoin is a great choice for long-term investors who want to capitalize on the latest crypto movements without the need for manual intervention.

Pros

• Robots invest in your preferred crypto narrative
• Popular examples include gamification and privacy coins
• Portfolios are automatically weighted and rebalanced
• A great option for long-term investors
• All supported robots are free to use

Cons

• Reports of slow customer support response times
• Doesn’t state what percentage of client coins are kept in cold storage

Visit KuCoin

9. TradeSanta – A Top Bitcoin Robot for Beginners and Experienced Traders

TradeSanta is pretty much one of the top Bitcoin trading robots available today, offering a user-friendly interface packed with features designed to automate crypto trading. Whether you’re a beginner or an experienced trader, TradeSanta simplifies the investment process with customizable strategies, risk management tools, and seamless exchange integrations. With pre-built strategies like grid trading and dollar-cost averaging, this platform allows traders to automate their trades and optimize their investments with minimal intervention.

 

Getting started with TradeSanta is quick and easy. After registering, you will need to connect your preferred exchange, such as Binance or Huobi, and set up your trading pairs—Bitcoin/USDT and Ethereum/USDT are popular choices. Once connected, you’ll configure your trading settings, including risk management parameters like stop-loss limits, take-profit targets, and position sizes. Afterward, you can activate your chosen strategy, and the bot will start trading 24/7 on your behalf.

What makes TradeSanta stand out is its flexibility. Not only can you choose from pre-configured strategies, but you can also create your custom trading approach, perfect for more advanced traders. TradeSanta also provides backtesting tools, enabling you to test strategies on historical data before putting real money on the line. For beginners, the platform includes tutorials and guides to make learning as easy as possible.

TradeSanta Key Features:

• Exchange Integrations: TradeSanta is compatible with major crypto exchanges like Binance, Huobi, and OKX, making it easy to connect your account and start trading instantly.
• Backtesting and Paper Trading: This brand allows traders to backtest strategies using historical data and also provides paper trading features to practice in simulated environments without risking actual funds.
• Detailed Performance Analytics: Stay on top of your bot’s performance with real-time analytics, helping you monitor and optimize your trading strategies as needed.
• Pricing Plans: TradeSanta offers affordable monthly pricing starting at $15, with discounts for long-term plans, making it accessible for traders of all levels.

Pros

• Easy and fast setup process
• Wide range of pre-built and customizable trading strategies
• Supports multiple popular exchanges
• Features backtesting and paper trading for risk-free strategy testing
• Affordable subscription plans with a free trial available

Cons

• No free tier for long-term use
• Advanced features may require a learning curve for beginners

Visit 3Commas

10. Gate.io – A Versatile and Feature-Rich Tool for Automated Crypto Tradings      

The Gate.io Trading Bot provides an excellent solution for traders seeking automation within a comprehensive and trusted exchange platform. Known for its wide variety of coins and advanced trading features, this brand comes with a powerful trading bot to streamline the process of executing strategies 24/7, even while you’re away

Gate.io supports strategies like grid trading, which is excellent for profiting from market volatility, as well as dollar-cost averaging (DCA) for long-term investors. More advanced traders can set up custom strategies using features such as trailing stop orders, take-profit orders, and other risk management tools.

 

One of the key advantages of the Gate.io Trading Bot is the platform’s wide array of supported cryptocurrencies, allowing you to diversify your automated trading portfolio easily. It also comes with real-time analytics and performance tracking, giving you the insights needed to optimize and adjust your strategies as the market changes. For those who want to try different strategies without risking actual capital, Gate.io also offers backtesting and demo trading tools, ensuring you can refine your approach before deploying real funds.

Gate.io Key Features:

• Wide Variety of Supported Cryptocurrencies: Gate.io offers a vast selection of over 1,400 cryptocurrencies, making it easy to diversify your automated trading portfolio across a broad market.
• Autogenerated  Techniques: The platform’s Trading Bot offers pre-built strategies like grid trading and DCA, while also allowing for fully customizable approaches, tailored to your specific trading needs.
• Real-Time Analytics and Monitoring: Stay in control with detailed performance tracking and analytics, allowing you to monitor your bot’s performance and make adjustments as necessary.

Pros

• Supports over 1,400 cryptocurrencies for a highly diversified trading experience
• Includes pre-configured strategies and custom options to suit all levels of traders
• Real-time performance monitoring and analytics for optimal strategy adjustments
• Free to use with no additional subscription fees
• Backtesting and demo trading features allow for risk-free strategy testing

Cons

• The advanced features may require a learning curve for beginners
• The platform can be overwhelming for new users due to its vast range of tools and options

Visit CryptoHero

My Methodology When Selecting the Top Best Crypto Robots 

There are an increasing number of Bitcoin robots in the market. What’s more, most platforms offer multiple strategies. With this in mind, I developed a methodology to rank the best options.

Read on to learn how I choose the best Bitcoin robots for this guide.

Custom or Ready-Made

First, I ensured that custom and ready-made robots were included. Custom robots allow you to build a strategy from scratch. You can choose which cryptocurrencies to trade and what triggers and conditions the robot should follow. This means the robot will be unique to you, rather than simply copying other strategies.

That said, most beginners will prefer a ready-made robot. This means the strategy has already been developed, backtested, and refined. There is no further input needed, so you can deploy the robot strategy instantly. That said, it’s always a good idea to run your own backtesting models. This ensures the robot is profitable and risk-averse.

Supported Strategies 

There are thousands of robot strategies to choose from. I included the most popular, ensuring that all investor profiles are catered for. Those looking to deploy a low-risk strategy might like Dash 2 Trade. It offers grid trading robots that buy and sell cryptocurrencies during consolidation periods. This means it trades cryptocurrencies within a tight pricing range. 

Alternatively, higher-risk traders might like WunderTrading. It offers a Martingale robot that doubles the investment stake on losing trades. The doubling process repeats until the robot lands a winning trade. The robot then reverts to the original stake size.

Another high-risk, high-return strategy is to focus on futures trading robots. Binance is a good option here. It offers thousands of robots that trade with high leverage limits – often up to 125x. This means the robot can enter positions worth $125,000 for every $1,000 risked.

Long-term investors also have many robots to choose from. For instance, Pionex offers robots that build, weigh, and rebalance portfolios. Simply select what coins you want to invest in and Pionex does the rest. Dash 2 Trade can also be used for long-term investing, as it offers a robot that specializes in dollar-cost averaging.

Compatible Markets and Exchanges

The best Bitcoin trading robots are compatible with many different markets, instrument types, and exchanges. Some investors prefer robots that trade the spot markets. This means you’ll own the underlying coins or tokens. It also avoids leverage, which is a high-risk strategy.

Still, some prefer robots that trade derivatives, such as perpetual futures and options. These are aimed at sophisticated strategies, as derivatives support short-selling and leverage. Make sure your preferred robot is supported by your favorite exchange. For example, Dash 2 Trade is compatible with Bybit, Binance, Kraken, and Bitget.

Reputation and Reliability

I also prioritized Bitcoin robots with a proven reputation. This means they’ve been operating for extended periods and have solid feedback in the public domain.

I also ensured that each robot offered a reliable service. This is crucial, as downtime can result in losses. After all, the robot won’t be able to exit a position if the underlying server is down.

Fees

Be prepared to pay fees when using a Bitcoin bot. While some providers offer a free plan, this often comes with limitations. More on this later. Some Bitcoin robots require a one-off fee, whereas others charge a monthly subscription. You should know that there are often discounts available when paying for an annual plan. But only consider this once you’re confident the robot performs well.

If you’re using a trading robot from an exchange, profit-sharing might be required. This means some of your profits will be transferred to the robot creator. This isn’t a drawback per se, as you won’t need to pay anything upfront.

Crucially, you’ll need to assess whether the fees are viable for your budget. For example, suppose you’re looking to invest $1,000 into a robot strategy, which charges $100 per month. You’d need the robot to make at least 10% in the first month just to cover the subscription. This doesn’t include trading commissions.

User-Friendliness and Support

The best Bitcoin robots are suitable for beginners and experienced pros alike. Keeping this in mind, I looked for robot providers that offer a user-friendly experience. This means even first-time investors shouldn’t have any issues getting started.

For instance, the platform should provide clear instructions on how to set the robot up, choose risk management settings, and connect with an exchange.

In addition, the brand offering the robot should give you sufficient support – preferably via 24/7 live chat. This ensures you’ve got somewhere to turn if you need assistance.

Do Bitcoin Trading Robots Make Money?

Bitcoin robots streamline the crypto investing process through automation. But do they actually make money? The simple response is that some robots make money, while others don’t. There are simply too many robot strategies to give a definite answer. Yet there are some best practices you can follow to ensure you’re investing in profitable robots.

For a start, you’ll want to focus on robots with a solid reputation. This means the robot has positive reviews and ratings in the public domain. Always assess the validity of crypto trading bot reviews. Positive reviews can be fake. While negative reviews can be posted by competitors.

What’s more, it’s best to focus on established Bitcoin robots. For instance, a robot that’s been trading for one year has a lot more credibility than one that’s less than a month old. The longer the robot has been active, the more market cycles it has experienced.

Another best practice is testing. Never assume that stated results are valid – find out for yourself. For instance, the top Bitcoin robots can be backtested. This will show you how the robot performed in historical trading conditions. I also like robots that come with demo trading tools. This allows real-time testing in live market conditions.

Crypto Robots Fees

Crypto robots usually charge monthly subscriptions. This should be built into your projected return on investment. You’ll likely find that there are several plans to choose from. Each comes with different functionality and restrictions.

• For example, WunderTrading charges just $4.95 for its basic plan. However, this allows just one active signal/AI/grid bot, and one exchange connection. To remove limitations, you’d need to pay $89.95 per month.
• Dash 2 Trade is a lot more competitive. While it presents just one plan, prices vary depending on the payment currency. An instance of this is your credit card payments, which cost $120 per year with this platform. You get these bills monthly. However, paying with D2T reduces the annual fee to $102.

Once connected with an exchange, you’ll also need to factor in trading commissions. This will be deducted from the robot’s return on investment.

Free Crypto Robots

Looking for the best free crypto trading bot? Your options will be limited. The most profitable robots rightly charge fees. Otherwise, developers would be giving their proven strategies away for free. After all, it often takes several years to develop a fully-fledged, risk-averse trading robot.

That said, some Bitcoin robot providers offer a free trial. This enables you to test the robot before paying for a subscription. Most free trials expire after 3-7 days, which might not be enough time. In addition, some robot platforms offer a free plan. However, this almost always comes with limitations.

For example, the number of exchanges the robot can be connected to. Or the number of active robots at any given time. Ultimately, you’ll need to allocate some funds if you want a top-performing robot. Just make sure the fees align with your budget.

Is it Legal to Use a Bitcoin Robot?

If crypto trading is legal in your home country, then robots are also legal. There are no restrictions that discourage traders from using automated systems. Especially not from exchanges themselves. Crypto exchanges crave volume, as increased trading activities mean more commissions.

Therefore, all the major exchanges support robots, including MEXC, Coinbase, Kraken, and Binance. Robots are increasingly becoming popular on decentralized exchanges too. This includes ‘snippers,’ which are programmed to buy new tokens as soon as they’re listed.

However, do note that some Bitcoin robots might not be available where you live.

Conclusion

Bitcoin robots support 24/7 automation and a passive trading experience. Those looking for a ready-made robot might like Dash 2 Trade. It offers many trading strategies that can be deployed on the leading crypto exchanges.

It charges just $120 per year, and even less when paying in crypto. Even better, Dash 2 Trade offers a beginner-friendly dashboard, so it takes minutes to get started.

Visit Dash 2 Trade

See also: 10 Best Automated Crypto Trading Platforms for 2024

FAQs

Which bot is best for cryptocurrency?

Dash 2 Trade is the best cryptocurrency bot for traders who want a ready-made strategy. After choosing a strategy you can connect Dash 2 Trade to leading exchanges.

What is the best Bitcoin robot strategy?

Some of the best Bitcoin robot strategies are grid trading and dollar-cost averaging. The Martingale strategy is also popular, but this is a high-risk system.

Are Bitcoin bots illegal?

No, crypto robot trading is legal – as long as digital assets are permitted in your home country. Also, the majority of exchanges allow bots, including Coinbase and Kraken.

What is the best open-source crypto bot?

One of the most popular open-source crypto bots is Gekko. But know that Gekko is only suitable if you have technical knowledge.

References

• “AI vs. Machine Learning: What’s the Difference?” Columbia Engineering, ai.engineering.columbia.edu/ai-vs-machine-learning/
• “If-Then Arguments.” Good Reasoning, University of Minnesota Libraries Publishing, open.lib.umn.edu/goodreasoning/chapter/if-then-arguments/
• “Martingale Strategy.” Corporate Finance Institute, corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/martingale-strategy/