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The best crypto automation tool & software in 2023, as found in our independent testing, is Pionex!
Everyone wants to make money using cryptocurrencies. When Bitcoin went from $1 to $64,000, everyone realized the true potential of crypto.
But unless you bought Bitcoin at an early stage, making money in crypto trading is not that easy.
The crypto market is very unpredictable, which is why no one can become rich overnight. If you want to keep up with the market, you will have to observe the charts 24/7.
You will have to constantly watch for signals in order to make a profit. But fortunately, this demanding job can be handled by crypto automation tools.
Best Crypto Automation Tools & Platforms in 2023
When you start looking into crypto automation tools for trading cryptocurrencies, you will find out that there are way too many options to choose from.
Plenty of such tools can be very helpful to people who want to trade crypto.
But each tool has its own unique features that make it ideal for some people and a bad choice for others.
Finding the right tool is the first step you will have to get through before you can start earning money.
Given that you may come across numerous options, it can be confusing to pick a suitable crypto automation tool.
In order to make this easier, here is a list of some of the best crypto automation tools for trading bitcoin and other cryptocurrencies.
Here’s a quick look at the best crypto automation tools & software:
- Pionex – 🏆 Winner!
Pionex is simply one of the greatest ways to automate your cryptocurrency trades online, and one of the greatest reasons for this is because they are completely free to use.
Yes, you read that right, they are completely free. This means that the automation features and cryptocurrency bots they provide their clients are free for them to use.
Naturally, you are probably wondering at this point what the catch is, but we are pleased to tell you that there is none.
- Price: FREE
- Types of Bots: Arbitrage Bot, Grid Trading Bot, Copy Trading, Social Trading, Martingale Bot, Spot-Futures Arbitrage Bot, Rebalancing Bot, DCA, etc.
- Supported Exchanges: Huobi, Binance, Pionex
- Mobile App: iOS & Android
This is why these guys have an excellent reputation, and a lot of clients who are more than satisfied with their services.
What’s more, you don’t just gain access to one free cryptocurrency trading bots, these guys have 16 built into their system, which you can access straight away, all you need to do is share your email address with them.
If you have different needs depending on the kind of trades that you are wanting to make, they have different bots to suit these, including arbitrage, and grid trading.
At the end of the day, this kind of cryptocurrency automation wants to make sure that they’ve got what their clients need, and not the other way around, and considering that they can pay you out every eight hours, we think that this is one of the best ways to automate your cryptocurrency trades online right now.
Bitsgap is the most popular automated crypto trading platform. It allows you to keep track of everything related to crypto trading within one interface. You can rely on Bitsgap for trading Bitcoin and various other cryptocurrencies.
Bitsgap lets you trade on all the major crypto exchanges including Binance, OKEX, Coinbase, and Kraken.
One of the most useful features of Bitsgap is arbitrage. Bitsgap takes advantage of the difference in cryptocurrencies’ prices on different exchanges.
- Price: $24-$149/mo
- Free Trial: 7 days
- Types of Bots: Grid Bot, Scalping, Arbitrage, Unlimited Smart orders, Futures bots, Trailing Up & Down for bots, Take Profit for bots
- Supported Exchanges: Binance, OKX (OKEx), Bitfinex, HitBTC, Bittrex, Huobi, Exmo, Kucoin, CEX.io, Kraken, Poloniex, Livecoin, Coinbase PRO, Coinbene, Coinex, Gate.io, Bitstamp, Liquid, Gemini, BitZ, Yobit, DDEX, Bithumb, Bibox, BigOne
- Mobile App: Not available
The bot buys crypto on your behalf from an exchange where its price is lower and then sells it on an exchange where the price is higher.
Although it may sound like a simple way of making a profit, it isn’t something that people can accomplish on their own without keeping their eyes glued to the screen at all times.
Every second, Bitsgap analyzes 10,000 coin pairs to find out which coin has the strongest potential. Knowing which coin has potential is how one can make a profit in crypto trading.
Bitsgap has a clean and simple interface that allows you to keep track of your digital assets’ performance.
The platform also has a demo where you can practice trading without having to worry about the risks.
The free exchange simulator of Bitsgap can make it easier for new traders to understand crypto trading in a better way.
The platform also lets traders customize their bots even if they have no knowledge of coding. If you don’t want to commit real money to trading just yet, you can test your bot through the demo.
Bitsgap has a free 14-day trial so you can test out the platform and see if it is the right choice for you or not.
Coinrule is a crypto automation tool that has more than 150 pre-established rules to choose from for new traders. But this doesn’t mean that it does not give you the power to customize your trading strategies. You can create your own strategies easily even if you have no knowledge of coding.
The interface and customization options at Coinrule are beginner-friendly. So, those who are just starting in crypto trading can rely on it to make profits.
Coinrule can trade on Binance, Bitstamp, Kraken, Coinbase Pro, and other exchanges on your behalf. But it won’t ask you for private keys so, you don’t have to worry about the safety of your coins.
- Price: Free-$449.99/mo
- Free Trial: Unlimited for basic accounts
- Types of Bots: Order Types, Conditions and Triggers, Trend Following Technique, and Accumulation Bot. Total 150+ Rules
- Supported Exchanges: Binance, HitBTC, Coinbase Pro, Okex, Bitstamp, Bittrex, Poloniex, Kraken, BitMEX, Bitfinex, Bitpanda pro, Liquid, Binance US
- Mobile App: Not available
You can create rules on popular indicators and see them getting executed within seconds on Coinrule.
The platform also keeps adding new indicators to its system every week. If you keep updating the rules with new indicators, you will always remain on top.
The crypto market is very volatile, which can be scary for traders. But Coinrule can manage the volatility for you so you never have to suffer losses.
The platform has the widest range of trading strategies. The trading templates of Coinrule are automatically executed when the pre-established conditions are met, which means you won’t have to make an effort to earn money.
Since Coinrule has vowed to help beginners, traders can get one-on-one trading tutorials with paid packages. But if you are not confident about the platform, you can try the free package.
You will get seven template strategies for trading. You can also try the demo to find out whether the platform is what you were looking for or not.
The best thing about Quadency is that it is an automated crypto trading platform for everyone.
Whether you are a beginner or an experienced trader, you can earn profits with Quadency. The platform offers you expert support around the clock.
So, if you run into any problems or just have a question about crypto trading you need to get answered, the experts at Quadency can help.
Quadency lets you trade on exchanges like Binance, Coinbase Pro, Liquid, and OKX. The smooth interface of Quadency makes it super easy for traders to connect to the exchange of their choice.
Traders have the option to customize everything on Quadency to suit their needs. They can even select the currency they want to see their trades and holdings in.
Quadency analyzes over 4,000 coin pairs to find out which one is going strong. With such an analysis, it becomes easier for the platform to bet on the right coin.
Quadency also makes it possible for traders to place and move their orders directly from within the charts. With Quadency, you don’t have to worry about your offline assets.
The platform monitors everything from the exchanges to your offline wallets. You will be able to keep an eye on the growth of your portfolio through Quadency.
The platform comes with pre-built strategies that simplify trading for everyone. You can make the necessary changes and then begin the automation process within minutes.
The best thing about Quadency is that the majority of its features are available with the Lite plan which is absolutely free.
All you have to do is to sign up for the basic plan and start automating your crypto trades.
If you are looking for a cloud-based crypto automation tool for trading, then TradeSanta is the right choice for you. It allows you to create as many bots as you want with your trading strategies.
These tools can start trading on your behalf while you enjoy your life with your friends and family. Once you sign up for TradeSanta and connect with the exchange of your choice, you will have to create your bot.
But the process is not complicated at all. You can get done with setting up your crypto automation tool in just two minutes.
There are various existing templates to choose from when it comes to setting up your crypto trading bot, which is why the process won’t take long. Since you are in charge of your crypto automation tool, you can decide the technical indicator.
You can also set up target profits so the tool can keep track of the market for you and trade at the right time to get you the earning you wanted.
Although crypto automation tools for trading are very helpful, you would still want to keep track of your progress.
If you keep an eye on your profits and analyze them regularly, you would know whether the robot is working properly or not.
Although TradeSanta does not have a free basic package, you can sign up for a free trial period. You won’t get charged until you buy the basic package.
So, learn as much as you can about TradeSanta during the trial period. It is the only way to know for sure whether it will work for you or not.
When you enter the world of trading, you will realize that it is impossible to avoid losses. You also cannot avoid all the risks involved in crypto trading.
But with the right crypto automation tool, you can minimize both the risks and the losses and maximize your profits.
Although automated crypto trading sounds great, many traders are scared of creating their own strategies or bots.
But with 3Commas, they can get access to strategies created by other traders. So, just by copying the strategies of other traders, people can start making profits in no time.
The most popular feature of 3Commas is Smart Trade. With Smart Trade, you can take profit and stop loss at the same time.
The platform will secure your profits in the event of an unusual market situation. If the market gets too volatile, 3Commas will sell your coins so they can be bought back at a lower price later.
In short, Smart Trade is all about monitoring the market and making the right choice at the right time.
There are multiple strategies available within Smart Trade. You can pick the one that matches your preferences and then start trading.
3Commas supports over 20 exchanges including Binance, Bitstamp, and Kraken. You can try 3Commas for free. Even with the free package, you will get to benefit from a lot of useful features of 3Commas.
You can also treat the free package as a trial and buy a paid package for more features if you are satisfied with the performance of 3Commas.
How Does Automated Crypto Trading Work?
Since it sounds so promising, more and more people are becoming interested in automated crypto trading. But before you decide to put your trust in it, you would want to know how it works.
In automated crypto trading, software automates your position in the trading world of cryptocurrencies. By automating your position, the software can make a profit for you.
With automated crypto trading, you will always know when an opportunity to make profits arises.
What to Expect from Automated Crypto Trading Platforms?
Each automated crypto trading platform has its own features. Since every person has a different criterion that they follow when it comes to crypto trading, they can get the automatic crypto trading platform that suits their preferences.
Some platforms allow users to create their own conditions. Once you have set up the conditions, you can automate them for both entering and exiting the market.
So, even though software is handling the trading for you, you will be the mastermind behind the program.
There are also automated crypto trading platforms that have embedded algorithms that help them monitor the market.
By constantly monitoring the market, these platforms can figure out what will be the right time for buying or selling.
Some of these platforms go ahead and do the buying or selling on your behalf, while others send a notification to you so you can handle the trading yourself.
How to Set Up Crypto Automation?
The process of using crypto automation tools to trade cryptocurrencies is quite simple. You can set up automated crypto trading in the following steps.
- Find the automated crypto trading platform that matches your preferences. You can check the features of different platforms to find out which one would work best for you.
- Once you have found the right crypto trading platform, the fun begins. At this step, you will have to create your trading strategy. A trading strategy is very important as the platform will follow it to make a profit for you.
- After creating your strategy, you will have to validate it through heavy backtesting. Backtesting helps you make sure that the strategy will work in your favor.
- If you are satisfied with the results of the backtesting, you can connect the crypto exchange of your choice with the automated trading platform and begin the automation process. The platform will handle everything from there on out. You won’t have to sit by your computer 24/7 or look at charts all the time to make profits. An automated trading platform will give you back your life while it earns money for you.
What are the Advantages of Crypto Automation Tools?
Even in this day and age, some people don’t like automation. But no one can deny the truth that robots and machines have made our lives easier in a number of ways.
With automated crypto trading, trading becomes easier. Although traders will have to put in the effort to make effective strategies, automated trading platforms are still a blessing.
Sitting in front of your computer the whole day cannot be fun. And trading doesn’t even stop when the night falls.
So, that means you will have to be in front of your computer 24/7 if you want to make profits by trading crypto.
But if you switch to automated crypto trading, you can sit back and relax while the automation tools take over your job.
Although you will have to set up trading strategies yourself, the crypto automation tools will take care of the rest.
You can sit back and relax once the automated crypto trading begins. You can keep track of your progress without spending too much of your time on it.
Robots Don’t Feel
Humans can get emotional, which leads to them making bad decisions. When it comes to crypto trading, there’s no room for emotional decisions, unless you want to suffer losses.
However, at the end of the day, we are all humans and we often get controlled by our emotions.
When a trader suffers a loss, they may get emotional and end up making a bad trade to make up for what they lost. But that could go against them.
Luckily for traders, automated crypto trading exists. Robots and software don’t feel, and therefore, won’t make any emotional trades on your behalf.
Since automated crypto trading platforms work on set strategies, there won’t be any rash decision-making.
Quick Response Time
Prices in the crypto market are very volatile, which means a little delay in opening or closing trades could result in lower profits. If you are too late, you may end up dealing with losses.
But since automated crypto trading platforms rely on software to analyze markets, they know exactly when to open or close a trade.
Machines may not have surpassed humans in a number of things, but they have always had a quick response time. And in the world of crypto, speed matters a lot.
Consistent Performance & Results
An effective trading strategy may bring you less profit in one day, but that doesn’t mean it has lost its usefulness.
However, humans find it difficult to stay disciplined and change their opinions pretty quickly. Since the crypto market is so volatile, the only way to beat it is through consistency.
A bot or software will have no problem with staying consistent. Not only will a software perform consistently, it will also bring you good results regularly.
Factors to Consider When Choosing an Automated Crypto Trading Platform
Since there are so many automated crypto trading platforms, a trader can easily end up making the wrong choice.
These are the characteristics that make an automated crypto trading platform worth trusting:
The amount of control a platform gives traders is very important. Make sure that the automation tools you are using let you build strategies based on your ideas that cover all bases.
The platform should give you control over using different tick intervals for the indicators.
Each automated crypto trading platform supports a number of exchanges. But if you choose a tool that does not have your preferred exchanges on its list, then it would be a waste of your time and money.
Like exchanges, crypto automation tools also don’t support all assets out there. Make sure that the tools you are choosing support the assets you have, or you won’t be able to use them for trading.
Backtesting lets you test your assumptions on old data. But if a platform does not offer backtesting, you won’t be able to test your strategies.
And if you can’t test your strategies, you won’t know if they will work in the future or not. So, choose a platform that offers backtesting.
Anyone can get scammed or have their data stolen. If you are about to choose an automated crypto trading platform, make sure that they are following all the security standards.
Otherwise, they will be putting your assets at risk, which isn’t something any trader would want.
Crypto trading can get very confusing, especially if you are a beginner. But even experienced traders need help sometimes. A good automated crypto trading platform would be one that offers fast support.
They should have experts on their team to answer the questions of traders. If they listen to your suggestions, they will be able to improve their platform.
Traders can also learn a lot through customer support, which is why it is so important.
Although almost every trading platform claims that traders don’t need coding knowledge to create strategies, not all of them have a user-friendly interface or easy-to-use tools.
When buying crypto automation tools, make sure that the user interface is simple. You should be able to drag and drop various tools to build trading strategies based on your ideas.
Don’t spend money on a trading platform with a complex user interface.
What Is Crypto Automation?
An automated cryptocurrency trading platform is a piece of software that has been designed to help you trade cryptocurrency with ease.
When using a crypto automation platform, you need to make an account online through a trading bot, and then choose a trading strategy that you want to implement.
Once you’ve chosen your trading bot, the software is going to buy and sell your cryptocurrency on your behalf, based on parameters that you have specified with the software.
The majority of automated cryptocurrency trading platforms work with APIs.
An API training bot is going to be an intermediary that trades for you on another platform, that you connect to the crypto automation platform.
The most secure automated trading bots are going to operate on the blockchain.
This means that instead of using an API or a website they are going to use smart contracts that are on the blockchain.
When Should You Use a Crypto Trading Bot?
You need to make the most of a cryptocurrency trading bot if you think that you have found a specific trading strategy that can get ahead of the market.
Using a cryptocurrency trading bot doesn’t guarantee that you are going to win in the market, all it means is that you are going to be able to execute your trades automatically, based on an algorithm that you have set, and an algorithm that is currently occurring in the market.
Another reason to use a cryptocurrency trading bot is to make sure that your cryptocurrency holdings are diversified, in a way that is strategic.
Should You Actively Trade, or Buy and Hold?
Using a cryptocurrency trading bot doesn’t necessarily guarantee that you are going to win when it comes to the market.
The thing about cryptocurrency in general is that it is volatile and unpredictable, which means that if you choose to trade based on technical indicators, this isn’t always going to work.
Some crypto currency trading bots have a history of beating the market by a significant amount.
If you are trading based on technical indicators, then using a bot is going to help you save time, and make sure that you are able to place buy and sell orders that are more precise.
It is okay to be skeptical of the abilities of machines and robots, but no one can deny the usefulness of modern tools.
Automation tools have become highly effective in every industry. When it comes to trading, time is money.
But you can’t give up on your personal life completely, sacrifice your sleep, and reject every invitation for a party to sit in front of your computer and look at charts.
With crypto automation tools, you won’t have to worry about missing out on an opportunity.
The automated crypto trading platforms of today can handle everything for traders from analyzing markets to opening and closing trades.
So, it is a good idea to find the best crypto automation tool and let it help you make money in crypto trading.