You are at: Home » Cryptocurrency » 10 Best Bitcoin Robots for 2024

10 Best Bitcoin Robots for 2024

Pre-programmed robots can trade Bitcoin and other cryptocurrencies 24/7, without suffering from fatigue or emotions. But what are the best 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

In my view, here’s a list of the 10 best Bitcoin robots to use today:

  1. Dash 2 Trade – The overall best Bitcoin robot offering a plug-and-play service
  2. Pionex – Build a diversified crypto portfolio with an auto-rebalancing robot
  3. Bitsgap – Streamline micro-cap investments on the Uniswap exchange
  4. Cryptohopper – Design a profitable Bitcoin robot without coding skills
  5. Binance – Thousands of free ready-made bot strategies to choose from
  6. WunderTrading – Offers a Martingale robot for high-risk crypto investors
  7. KuCoin – One of the best robots for investing in trending narratives
  8. Bybit – Auto trade leveraged futures on hundreds of popular pairs
  9. 3Commas – Automatically buy and sell crypto via TradingView signals
  10. CryptoHero – Popular trading robot for deploying arbitrage strategies

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.

How do Bitcoin robots work?

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, robots can be customized, so you can easily automate a preferred investment strategy. The possibilities are endless. However, cryptocurrency trading bots aren’t a surefire 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 automated trading bot

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.

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

Pionex is one of my top picks 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.

Pionex 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.

Pionex crypto trading robots

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.

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

3. 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.

Bitsgap review

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.

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

4. 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.

Cryptohopper review

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.

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

5. Binance – 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 trading robots

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.

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. 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.

WunderTrading trading robots

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.

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

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

KuCoin is one of my top picks 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.

KuCoin robots

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.

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

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

Last 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.

Bybit trading robots

This robot – which has been active for 200 days, has a return on investment of 426%. There are thousands of other robots to choose from, including support for the spot trading markets. Bybit is considered a safe exchange and it 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.

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

9. 3Commas – Automatically Buy and Sell Crypto via TradingView Signals     

3Commas is one of the best Bitcoin robots for experienced traders. It offers fully-fledged trading bots that operate from TradingView signals. This means technical analysts no longer need to manually place trades. Instead, once a TradingView signal is triggered, it will be sent to the 3Commas robot.

The robot will then place a buy or sell order accordingly. For instance, suppose you’ve created a custom chart on TradingView for the BTC/USD pair. The signal shows that BTC/USD is about to enter bullish territory once it hits $71,200. Within seconds of the price target being hit, the 3Commas robot buys Bitcoin on your preferred exchange.

Best Bitcoin robot for TradingView

3Commas also supports Pine Script strategies from TradingView, so you can take your proven systems to the next level. It’s compatible with the best Bitcoin exchanges, including Binance, Gemini, Kraken, Gate.io, and Coinbase. Monthly plans start from $49. This enables you to deploy up to 10 TradingView bots. The monthly price is reduced to $39 when paying annually.

Pros

  • Best option for automating TradingView signals
  • Supports thousands of indicators
  • Also compatible with Pine Script strategies
  • Deploy up to 10 signal robots for $49 per month
  • Offers high-level analytics for robot monitoring

Cons

  • Doesn’t offer any free plans
  • Paying annually reduces the price by just 25%

Visit 3Commas

10. CryptoHero – Popular Trading Robot for Deploying Arbitrage Strategies      

CryptoHero is an AI crypto trading bot with many strategies to choose from. One of the most popular is the arbitrage strategy. This takes advantage of small discrepancies in crypto prices. This can be done within the same exchange or across multiple platforms. As a simplistic example, suppose Bitcoin trades for $69,000 on exchange one.

On exchange two, Bitcoin trades for $68,500. The CryptoHero robot will buy Bitcoin from exchange two and sell it instantly on exchange one. This results in a risk-free gain of $500 per Bitcoin traded. Crucially, CryptoHero supports the most popular exchanges, including Binance, Coinbase, Kraken, and Crypto.com.

CryptoHero review

This ensures the arbitrage bot has access to plenty of trading opportunities. CryptoHero also supports other robot strategies, such as dollar-cost averaging and TradingView signals. In terms of pricing, CryptoHero offers a free plan. But this doesn’t include access to arbitrage robots. That said, the required plan costs just $13.99 per month.

Pros

  • One of the best cryptocurrency robots for arbitrage trading
  • Supports inter and intra-exchange strategies
  • Compatible with TradingView signals
  • Required plans start from just $13.99
  • Track performance levels via the Android/iOS app

Cons

  • The free plan doesn’t support arbitrage robots
  • Only the professional plan supports grid trading

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.

Grid trading bot at Dash 2 Trade

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.

That said, 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 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. Others charge a monthly subscription. 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.

Dash 2 Trade prices

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. Therefore, I prioritized 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 offer clear instructions on how to set the robot up, choose risk management settings, and connect with an exchange.

In addition, the robot platform should offer 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. That said, 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.

Bitcoin robot

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 example, the best 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 offers just one plan, prices vary depending on the payment currency. For example, credit card payments cost $120 per year, which is billed 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. What’s more, Dash 2 Trade offers a beginner-friendly dashboard, so it takes minutes to get started.

Visit Dash 2 Trade

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. What’s more, 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. That said, Gekko is only suitable if you have technical knowledge.

References

  1. Artificial Intelligence (AI) vs. Machine Learning (Columbia University)
  2. Chapter Eleven: If–Then Arguments (University of Minnesota Twin Cities)
  3. Martingale Strategy (Corporate Finance Institute)

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
We hate spam as much as you do. You can unsubscribe with one click.
We hate spam as much as you do. You can unsubscribe with one click.
Scroll to Top