Introduction
A computer program that acts as an agent for a user, another program, or to simulate human action is known as a bot or a robot. Bots are typically used to automate particular jobs so they can be used without specific human instructions.
A digital currency, or cryptocurrency, is an alternative payment method developed utilizing encryption methods. By utilizing encryption technology, cryptocurrencies can act as both a medium of exchange and a virtual accounting system. Trading cryptocurrencies involves making predictions about their future price movements using a CFD trading account or using an exchange to purchase and sell the underlying coins.
Best trading bots
A cryptocurrency trading bot is a piece of software that automates trading processes like choosing, purchasing, and selling cryptocurrencies in accordance with predetermined criteria established by the bot’s programmer or inventor.
Cryptocurrency trading bots function as automated trading systems that conduct trades with little human involvement and rely nearly entirely on artificial intelligence and programmed codes. Here are some of the top AI crypto trading bots.
SmithBot
SmithBot lets you trade crypto like a pro without any hassle. It is a cloud-based platform with a bot engine that runs sophisticated AI algorithms 24/7. All you have to do is to decide which bot to use and to connect your exchange. It offers AI-optimized and pre-configured trading bots, transparent ranking and comparison, easy selection and subscription, security, and a fully automatic trading experience.
SmithBot offers over 100 AI crypto trading bots for 13 different trading pairs. They apply the highest standards of quality for bot development. With the offered plan, you get a $20k combined trading limit, unlimited spot market bot subscription, and much more, for $89. A 60-day money-back guarantee is offered in case you do not like the product.
Pionex
Pionex is one of the first exchanges in the world with 16 free, built-in trading bots. Users can automate their trading without the need to check markets frequently. Pionex charges less compared to the majority of the main exchanges.
The maker and taker each pay a trading commission of 0.05%. Users of the Grid Trading Bot are able to purchase low and sell high within a certain price range. To counteract the consequences of volatility, the Dollar-Cost Averaging (DCA) Bot sets up repeated purchases at regular intervals. There are also many additional features.
Coinrule
Making trade strategy design as accessible as feasible is the main goal of Coinrule. This platform was made with beginners in mind, featuring an attractive user interface and a sizable lesson part with straightforward language. Using IFFTT logic, you can create these tactics within the Rule Page section (If-This-Then-That).
The Rule Page interface makes it incredibly easy to establish Conditions and Actions for your trades without having any prior coding experience. With a free trial, you may test out Coinrule with up to 2 rules and 1 exchange. They provide three packages for a monthly or yearly subscription for paid choices.
3Commas
One of the most well-known cryptocurrency trading bots is 3Commas. They provided a terminal with a wealth of features and tested automated bots that work on more than 18 major exchanges.
They provide DCA Short bots to borrow, sell, and acquire tokens back at a reduced price during bear markets. Users can set trades in advance depending on triggers that they define using an intuitive terminal.
Conclusion
The most advantageous aspects must be considered while choosing the best crypto trading bot. Our first choice is SmithBot, with comprehensive features and a great price-to-performance ratio.