The cryptocurrency market, unlike other financial markets, runs 24/7. It would be humanly impossible for traders to remain at their trading terminals for this duration of time and thus more traders, who trade Bitcoin, have started making use of trading bots or robot traders.
Another factor that has increased the popularity of Bitcoin trading bots is the level of volatility which is present in the cryptocurrency market. Using bots provides traders with a level of control in their trading as trading bots can trade 24/7.
Trading bots also allow for the faster execution of trades along with trading being executed more efficiently than it would have been done manually as the factor of emotion and trading psychology is removed from the equation.
With the increase in trading bot usage came the increase in trading bots offered, whether they are free to use from open source platforms or licensed to traders and users in exchange for flat fees.
With such a great variety of trading bots available, it is often difficult to ascertain which will work as intended and which may end up being a waste of time and money. This article explores 27 of the best Bitcoin Trading bots that have been tested and reviewed.
A quick overview of our best Bitcoin trading bots review:
- Cryptohopper
- 3Commas
- Coinrule
- Apex Trader
- CryptoTrader
- Haasbot/HaasOnline
- Zignaly
- Cap.Club
- Exchange Valet
- Live Traders
Cryptohopper
Overview
Cryptohopper is one of the most established trading bots in the auto trading industry for more than merely one reason. The bot is run on the cloud which means that there is no need for downloads or installations, which makes 24/7 trading run seamlessly.
The bot’s dashboard is intuitive, and setup of the bot takes around 5-minutes before it can be utilized to start trading.
Pros and Cons
| Pros | Cons |
| User-friendly | Not as widely known |
| No download or installation | Free signals lack quality |
| Quick setup | Bugs have been reported |
| Partner regulation in place | Small delay on sell orders |
| Multi-lingual | Shortening option is not an actual short |
Features
| Feature | Information |
| Scam or legit? | Legit – GDPR compliant and partner agent regulation |
| Easy account opening? | Yes |
| Trial offered? | Yes – 30-day trial |
| App, Web- or cloud-based? | App available |
| Minimum deposit | $19 per month |
3Commas
Overview
3Commas is a popular trading bot which is compatible with a few exchanges such as Bittrex, BitFinex, Binance, Bitstamp, and several others. The bot can operate 24/7 with a device as it is a web-based service.
This allows traders to monitor their trading dashboard on desktop as well as mobile without much hassle. 3Commas allows for the setting up of stop-loss and take profit targets and there is a social aspect included allowing for the copying of trade signals.
Pros and Cons
| Pros | Cons |
| Web-based – no installation necessary | Trade bot commission on lower tiers |
| Supports a wide variety of exchanges | |
| Offers more than 30 indicators and supports more than 90 candle patterns | |
| Copy trading supported | |
| System is cloud-based |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Yes – Free Trial |
| App, Web- or cloud-based? | Web-based |
| Minimum deposit | $29 per month |
Coinrule
Overview
Coinrule is an emerging trading bot which is suited for both technical and non-technical traders. Popular exchanges such as Binance, BitMEX, Coinbase Pro, and Kraken can be accessed with ease for free by using a Starter Account.
Pros and Cons
| Pros | Cons |
| Variety of exchanges supported | Best features available on premium accounts only |
| Web- and cloud-based bot | |
| Free trial available |
Features
| Feature | Information |
| Scam or legit? | Yes |
| Easy account opening? | Yes |
| Trial offered? | Free Trial offered |
| App, Web- or cloud-based? | Web- and cloud-based |
| Minimum deposit | $29.99 per month |
Apex Trader
Overview
Apex Trader offers an easy intro into auto trading using trading bots and offers bots which can be used to employ various trading strategies. The bots work via API connections and are compatible with an array of exchanges such as Binance, Kraken, KuCoin, and ByBit.
The trading bot can be configured easily and offers advanced features as well with over 100 technical indicators. This allows traders to create their own customized automated trading strategies which can be deployed over a 24-hour period, 7 days a week.
Pros and Cons
| Pros | Cons |
| UK-based company | Only supports four exchanges |
| Setup is easy and hassle-free | Mobile app not offered |
| Wide range of enhancement | Newer platform |
| ByBit support offered |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Yes – 7-day free trial |
| App, Web- or cloud-based? | Web-based |
| Minimum deposit | £30 |
CryptoTrader
Overview
This trading robot is purely cloud-based and offers traders with fully automated trading solutions without the hassle of having to download and install the bot onto their devices.
One of the most attractive features of this bot is the ‘marketplace’ for strategies which allows traders to buy their favourite trading strategy and allows for the selling of strategies that traders develop themselves.
Pros and Cons
| Pros | Cons |
| Ease of use | There is no developing team info available |
| Cloud-based system | No indication of a free trial |
| Support for popular exchanges | |
| Adequate learning materials |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | No |
| App, Web- or cloud-based? | Web-based |
| Minimum deposit | 0.0007 BTC |
Haasbot/HaasOnline
Overview
Amidst newer trading robots, Haasbot has been around since 2014 and is still one of the most popular trading robots in the industry. Haasbot is compatible with a wide variety of exchanges and traders are not restricted on the number of altcoin pairs to trade with.
Despite the experience level of the trader, Haasbot makes adequate provision by allowing for flexible price structuring. Haasbot also supports fully programmable script bots which allows for the creation of bots which are highly customizable.
Pros and Cons
| Pros | Cons |
| Transparent info on developers | Trial version not offered |
| Supports over 20 exchanges | Slight learning curve involved with getting to know the bot |
| Over 100 bots available | Apple OS support not available |
| Wide variety of indicators, securities, and insurances available | Not a cloud-based bot |
| Great options available for developers and advanced traders |
Features
| Feature | Information |
| Scam or legit? | Yes |
| Easy account opening? | Yes |
| Trial offered? | No |
| App, Web- or cloud-based? | Web-based |
| Minimum deposit | 0.04 BTC for a 3-month license |
Zignaly
Overview
Zignaly is a terminal used for trading which offers traders with cryptocurrency trading robots which allow for automatic trading with help from external cryptocurrency signal providers.
The platform is not only easy to use but it can also be used as a passive income machine. Traders can easily connect to their TradingView accounts to gain access to their favourite indicators and Zignaly can also be used to create various trading strategies.
Pros and Cons
| Pros | Cons |
| Funds not kept on Zignaly | Limited exchanges supported |
| Strong security measures | |
| Fairly low monthly fee | |
| 30-day trial available |
Features
| Feature | Information |
| Scam or legit? | Yes |
| Easy account opening? | Yes |
| Trial offered? | Yes |
| App, Web- or cloud-based? | Cloud-based |
| Minimum deposit | $12 |
Cap.Club
Overview
Designed in Russia, Cap.Club only operates on three exchanges namely Poloniex, Binance and Bittrex. This platform allows traders to buy and sell algorithms along with providing traders with advanced order types.
Cap.Club offers two versions namely a free version which provides access to all trading strategies but with limitations on how many can be used simultaneously. The full version provides traders with all features along with alerts through email and Telegram.
Pros and Cons
| Pros | Cons |
| Easy setup and use | Only supports three exchanges |
| Ready-made and highly customizable | Free version only allows for email support |
| High processing speeds | New platform that is still being developed |
| Suitable for both beginners and experts | Live support not offered |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Yes – unlimited |
| App, Web- or cloud-based? | Web-based |
| Minimum deposit | Pro – $30 per month |
Exchange Valet
Overview
Unlike more common options with regards to trading bots, Exchange Valet also provides a trading toolset along with crypto portfolio management. When using MetaTrader 4 or MetaTrader 5, traders can set both stop loss and take profit orders.
Pros and Cons
| Pros | Cons |
| Stop loss and take profit orders can be set when using MT4 or MT5 | Not a wide variety of trading bot features such as other platforms |
| Supports crypto portfolio management | Only supports two exchanges |
| Provides trading toolset | Ownership not transparent |
| Free trial offered | Not cloud- or web-based |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | 14-day trial |
| App, Web- or cloud-based? | App-based |
| Minimum deposit | $29 |
Live Traders
Overview
Live Traders not only offers traders access to up to 1,000 unique trading bots but it is also compatible with some of the largest cryptocurrency exchanges such as Poloniex, Bitstamp, Bitfinex, Binance, Binance.US, KuCoin, and Kraken.
The platform is predominantly cloud-based which makes it accessible on any devices. Traders are offered with advanced order types, a deep selection of automated trading algorithms, and even an algorithm marketplace.
Pros and Cons
| Pros | Cons |
| Wide variety of trading bots | Only compatible with 7 exchanges |
| Compatible with largest crypto exchanges | Free trial is only valid for 7 days |
| All indicators supported on all plans | Starter account only features one strategy and 20 bots |
| Trials available on all plans |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Yes – 7 days |
| App, Web- or cloud-based? | Cloud-based |
| Minimum deposit | $19 per month |
GunBot
Overview
GunBot is not as well-known as some of the trading bots on this list, but it offers the use of individual strategies with a high level of customizability to fit the different trading styles of traders.
GunBot can be used on Bittrex, Binance, Poloniex, Bitfinex, Cex.io, and over 100 more. The bot can be run from a desktop or it can be used through VPS with the option of manually adding various coin pairs, pick a certain strategy and allowing it to trade.
Pros and Cons
| Pros | Cons |
| Various plans offered | Recommended for advanced traders |
| Works on Windows, Linux, and Mac | Desktop version only |
| Offers an online community and adequate customer support | |
| Compatible with more than 100 exchanges |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Yes |
| App, Web- or cloud-based? | App only |
| Minimum deposit | 0.02 BTC |
Gekko
Overview
Gekko is not only an open-source trading bot but also a platform which can be used for extensive backtesting. Gekko is compatible with, and supports, 18 different Bitcoin exchanges.
Gekko is free to download and use and can be found on the GitHub platform. The trading app is easy to use and it features an interface and basic strategies from the outset, providing traders with more comfort in using the bot to automatically trade Bitcoin.
Pros and Cons
| Pros | Cons |
| Open-source and free to use | Not a high-frequency trading bot |
| Supports 18 Bitcoin exchanges | Effectiveness depends on user configuration |
| Easy to use | |
| Variety of plugins available |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Not Applicable |
| App, Web- or cloud-based? | App-based |
| Minimum deposit | $0 |
Zenbot
Overview
Zenbot, similarly to Gekko, is an open-source trading bot which can be used for automatic trading in Bitcoin on cryptocurrency exchanges. Zenbot can be downloaded and the code thereof modified as necessary according to the needs and preferences of traders.
Pros and Cons
| Pros | Cons |
| Open-source and free to use | Lacks updates |
| Supports quite a few exchanges | Uncertainties in the development of Zenbot |
| High-frequency trading offered | New exchanges have not been added |
| Support in multiple cryptocurrencies |
Features
| Feature | Information |
| Scam or legit? | Legit – although there are discrepancies in developments |
| Easy account opening? | Yes |
| Trial offered? | Not Applicable |
| App, Web- or cloud-based? | App-based |
| Minimum deposit | $0 |
Bitcoin Loophole
Overview
Bitcoin Loophole is one of the most popular cryptocurrency market bots which has thousands of users from around the world. The software provides users with an auto-pilot cryptocurrency trading option which offers a variety of trading tools.
The trading tools offered are simple to learn and the bot itself is easy to use, which has attributed for its popularity. This bot can easily be used by beginners and caters for a variety of traders despite their differing trading strategies.
Pros and Cons
| Pros | Cons |
| Reliable trading bot with a high win rate | High minimum deposit |
| Demo account offered | |
| Wide variety of coins offered | |
| Suited for beginners and professionals | |
| No hidden or additional fees |
Features
| Feature | Information |
| Scam or legit? | Yes |
| Easy account opening? | Yes |
| Trial offered? | Yes |
| App, Web- or cloud-based? | Web-based |
| Minimum deposit | $250 |
Autonio
Overview
Autonio is a decentralized trading robot which is AI-powered and uses market indicators to analyse cryptocurrency trends. The bot then uses this information to generate buy and/or sell signals and proceeds to execute trades.
Autonio can be used by traders of differing levels of experience and the bot combines multiple indicators to produce clear buy and/or sell signals. Trades are executed in high frequencies according to the trader’s trading needs and preferences.
Pros and Cons
| Pros | Cons |
| Makes use of AI technology | High subscription fee |
| First decentralized trading bot | |
| Caters for beginners and professionals | |
| Allows for personalization of trading strategies | |
| User is in control of trading |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Uncertain |
| App, Web- or cloud-based? | Uncertain |
| Minimum deposit | $50 per month |
Autoview
Overview
The Autoview trading bot functions as a simple web browser extension with the ability to perform trades on supported cryptocurrency exchanges based on TradingView alerts.
The trading bot is beginner-friendly and is available free for download. Autoview only works with a few exchanges such as BitMEX, Deribit, Gemini, and a few others.
To control what Autoview does, traders can insert specialized syntax into their TradingView.com alert message box.
Pros and Cons
| Pros | Cons |
| Low monthly costs | Requires a browser to operate or Windows VPS Hosting |
| Works with a variety of exchanges | Trades cannot be monitored if traders are not logged into exchanges |
| Setup is easy for first-time users | |
| Offers a low monthly subscription |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes – account opening with exchanges |
| Trial offered? | Free version available |
| App, Web- or cloud-based? | Web-based – Web browser extension |
| Minimum deposit | $24.99 monthly |
BTC Robot
Overview
BTC Robot is an automated trading engine which is one of the longest running trading robots out there. It is compatible with most popular exchanges and is easy to install and use.
There are however features associated with this bot that will be hard to grasp for beginners and predictions made by this bot are not always guaranteed to be accurate. Despite this, BTC Robot offers a 60-day refund should traders not be happy with the product.
Pros and Cons
| Pros | Cons |
| Easy setup | Predictions are not always accurate |
| Adequate number of tutorials | Some features not suited for beginners |
| Adequate and dedicated customer support | |
| Three different plans offered | |
| 60-day refund policy |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | No |
| App, Web- or cloud-based? | App-based |
| Minimum deposit | $19.99 per month |
Shrimpy
Overview
Shrimpy is a popular trading bot in the trading community which offers a range of services at no cost. Business is conducted in a transparent manner and users are updated frequently should there be any updates.
Shrimpy makes provision for rebalancing, backtesting, and social trading. The bot is compatible with a variety of exchanges such as Binance, Bittres, KuCoin, Coinbase, Kraken, and numerous others with more planned.
Pros and Cons
| Pros | Cons |
| Variety of free features | Relatively undertested |
| Low subscription fees | Mobile app not offered |
| User-friendly, responsive design | Does not provide as many high yields as other bots |
| Built-in social network |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Free version offered |
| App, Web- or cloud-based? | Web-based |
| Minimum deposit | $13 per month |
TradeSanta
Min Deposit
USD 10/ZAR 179
Regulators
OPPA, CAN-SPAM and COPPA
Trading Platform
–
Crypto
Yes
Total Pairs
Unlimited
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
TradeSanta is a cloud-based tool which has a well-established reputation even though it is new. It supports basic order types and can execute advanced strategies.
TradeSanta’s functionality, however, is something that may take time to get used to. Options with regards to automation include a long and short bot template and a custom template.
TradeSanta also makes provision for technical indicators, extra order features, the ability to buy coins for a commission, and more. Trades can also be opened at market prices and more of an asset can be bought should the market go against a position.
Pros and Cons
| Pros | Cons |
| Free version available | Only suited for trusted strategies |
| Relatively low monthly prescription for a basic account | Few beginners use this bot |
| Compatible with several large exchanges | Customer support is not the best |
| Variety of automated trading options | |
| Intuitive interface |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Free account offered |
| App, Web- or cloud-based? | Cloud-based |
| Minimum deposit | $10.50 per month |
Profit Trailer
Overview
Profit Trailer has acquired a good reputation in its few years of operation and although there are conflicting reviews on this bot, it is worth a try. ProfitTrailer offers free signals which come standard with the most basic package which is a bonus for a lot of traders.
Traders can conduct technical analysis with specific indicators and Profit Trailer offers VPS in three of its five pricing plans. Another feature and benefit are that Profit Trailer is also available for download on mobile devices which run on Android and iOS.
Pros and Cons
| Pros | Cons |
| Compatible with a variety of exchanges | Hard to configure |
| Mobile app available | There is no existing documented proof of performance |
| Live support offered | The bot requires regular reboots |
| Technical analysis can be done using a variety of indicators | |
| Variety in pricing plans offered |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Yes – free account available |
| App, Web- or cloud-based? | Web-based and mobile app available |
| Minimum deposit | €30 |
Kryll.io
Overview
The team behind the creation of Kryll.io have collective experience in software development, trading, law, machine learning and economic sciences as well, therefore offering tailored solutions to traders despite their automated needs or objectives.
The technologies employed are simple and the bot ensures control of the strategies regardless of the simplicity or complexity thereof. Custom strategies can be created with ease and there is a Marketplace available.
Kryll.io has a unique approach towards fees. Should traders create strategies and test them, there is no charge, but when using their own strategy or that of another trader, traders are charged a fee.
The fees are determined by KRL tokens generated from activity on the platform.
Pros and Cons
| Pros | Cons |
| Does not offer a paid subscription | Using strategies or copying them requires a fee |
| Unique approach | Still in a nascent stage |
| Easy to use despite the strategy | Strategies may be expensive to use and to copy |
| Marketplace for strategies provided | |
| Reasonable fee structure |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Free account offered |
| App, Web- or cloud-based? | Cloud-based |
| Minimum deposit | KRL 5,000 |
Margin.de (Leonardo)
Overview
This service was merely known as Leonardo before it was acquired by different owners and changes were made to it. Not only was the interface improved after the acquisition, but there were numerous functionalities added.
Traders have access to technical trading, visual trading, and drag and drop customization when making use of Margin.de. As opposed to most trading bots and services, Margin.de does not offer a subscription service but a one-time payment.
Pros and Cons
| Pros | Cons |
| Wide combination of indicators available | Variable fee structures not offered |
| Customizable interface | Large initial investment |
| Robust security features | Custom strategies may be too complex for beginners |
| Compatible with a variety of exchanges |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Yes – free demo available |
| App, Web- or cloud-based? | Uncertain |
| Minimum deposit | $129 one-time payment |
Quadency
Overview
This digital asset management platform offers traders with automated trading as well as portfolio management solutions. These solutions cater for both retail and institutional trades to great extents.
There is a comprehensive range of features which are designed with the purpose of streamlining the trading and investment process associated with cryptocurrencies.
These include pre-configured trading bots which also have the option of being customizable along with advanced charting, and portfolio analytics capabilities.
Pros and Cons
| Pros | Cons |
| Easy to use | Online presence still being developed |
| Integrates with most leading exchanges | Small Telegram group |
| Free Hodler Account | Mobile app not offered |
| Free trials on the 3 to 6-month pro plans |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Yes |
| App, Web- or cloud-based? | Web-based |
| Minimum deposit | $49.99 per month |
Bitsgap
Overview
Bitsgap is a powerful trading platform which offers automated trading robots along with offering capabilities in semi-automated arbitrage trading and advanced trading charting.
The bots offered by Bitsgap have been back tested and the platform itself has an extensive portfolio history along with management controls.
Pros and Cons
| Pros | Cons |
| Back tested | Monthly subscription fee waived |
| Full-scale arbitrage trading is supported | Incentivized trading plans which are offered |
| Relevant skill-level support and trading insights provided | |
| Broad range of digital currencies supported |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Yes – on each plan |
| App, Web- or cloud-based? | Web-based – offers cloud-based bots |
| Minimum deposit | $19.99 monthly |
HodlBot
Overview
This cryptocurrency trading bot is highly customizable and provides traders with the ability to index the market, create custom portfolios and automatically rebalance such portfolios.
Instead of mainly focusing on technical trading such as with conventional trading bots, HodlBot focuses more on indexing and rebalancing.
HodlBot links to the trader’s Binance account and makes use of API to execute trades so that assets in the traders account can be matched with that in the target portfolio.
Pros and Cons
| Pros | Cons |
| Offers great solutions for indexing and balancing | Not recommended for traders who rely more on technical trading bots |
| Low monthly subscription fees | |
| Compatible with some of the larger exchanges | |
| Highly customizable |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Yes |
| App, Web- or cloud-based? | Uncertain |
| Minimum deposit | $3 per month – based on investment size |
DeepTradeBot
Overview
DeepTradeBot works with the purpose of making profit from the margin of digital asset prices. The bot has four different trading modes, each designed to work seamlessly despite the changing market conditions.
Pros and Cons
| Pros | Cons |
| Multiple cryptocurrency payment options available | Card-based and non-crypto payment options not offered |
| Free plan offered | |
| Low trading capital requirements |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Free account option offered |
| App, Web- or cloud-based? | Web-based |
| Minimum deposit | $15 |
Bitcoin UP
Overview
Bitcoin UP is a trading robot which employs both AI and machine learning to identify and glean insights from any BTC related news. This bot only works with highly regulated brokers and it is open for use by traders despite their level of experience.
Pros and Cons
| Pros | Cons |
| Makes use of advanced technology to perform functions | High minimum deposit |
| Excellent reputation | |
| Suited for beginners and experts | |
| Demo trading offered |
Features
| Feature | Information |
| Scam or legit? | Legit |
| Easy account opening? | Yes |
| Trial offered? | Yes – demo trading |
| App, Web- or cloud-based? | Web-based |
| Minimum deposit | $250 |
Pros and Cons of using Bitcoin Robots to trade
| Pros | Cons |
| Efficiency is increased greatly | Not recommended for beginner traders or inexperienced traders |
| It is emotionless and thus less stressful | Requires monitoring especially during high volatility periods |
| Increased speed especially in volatile market conditions | Security concerns are always present |
| Trading bots can run 24/7 without pause |
