Best Bitcoin trading bots to use in 2021 💸

Hello everybody 👋

The world of crypto trading never stops. Unlike traditional stock exchanges, there are no closing times for cryptocurrency exchanges. This means day traders can miss out on important events that happen in the industry while they are asleep. Considering that cryptocurrency prices change every second, the 24/7 trading hours can cost traders a lot of their assets.

That’s why trading bots are created—to help traders execute orders automatically and reduce the risk of asset loss. Traders won’t need to be in front of numerous screens to monitor different markets 24 hours a day to make sure they’re generating profits. Trading bots can place market orders round the clock, analyse data and provide aggregated information to traders so they can improve their performance.

Numerous Bitcoin trading bots are now available in the industry that it can be hard to know which ones are worth using. Browse through our curated list below to find out which are the best trading bots in 2021.

Pionex

The best thing about Pionex is it’s an exchange site with built-in 12 trading bots that you can use for free. Depending on your preferred trading method, you can choose from its most popular bots including Grid Trading Bot where you just need to set the range to buy low and sell high, Infinity Grid Bot where there’s no upper limit for selling and Leveraged Grid Bot where you can trade with a 3x leverage.

With Pionex’s user-friendly interface, traders who are unfamiliar with trading bots can get used to it in no time. Additionally, you can expect fast performance with any of Pionex’s Bitcoin trading bots since they aggregate the liquidity from renowned exchanges Binance and Huobi Global.

Bitsgap

Bitsgap is an all-in-one trading platform with a bot that utilizes an algorithm called ‘GRID’ that distributes investments proportionally according to the trading range set by the user. It constantly monitors the market and whenever a buy order is completed, the algorithm automatically places a sell order at a higher price. Once that sell order is processed, a new buy order replaces it and so on. The bot doesn’t stop trading until the price goes beyond the predefined trading range. You can use Bitsgap for free with its 14-day free trial and try your hand with its tools without risking money.

Trality

Perfect for developers and professional traders, Trality allows users to create an algorithm that works best for them. With all the tools provided through Trality’s in-browser Code Editor, traders can write their professional-level algorithms according to their trading strategy using Python.

However, Trality isn’t only exclusive to professional traders and developers. With its Rule Builder feature, traders with zero coding experience can build their own algorithm from scratch. It uses a basic drag and drops user interface to make it easy to use. Once your bot is ready, it can start making trades on Binance, Coinbase Pro and Kraken.

Mudrex

Instead of letting you build your own trading bots, Mudrex lets you choose from a curated list of bots created by professional traders. All you have to do is choose from the marketplace and buy the one that works best for your trading strategy.

Before buying a bot, you’ll be able to see its past performance so you know whether it's effective or not. The best thing is you don’t have to know a thing about software development to understand how the bot works. As long as you’re knowledgeable in crypto trading, you’re good to go.

Coinrule

There’s no better Bitcoin trading bot for beginners than Coinrule. If you understand the ‘if-this-then-that’ framework, then you’re all set to build the trading system that fits your preferences. All you have to do is select your technical indicators from the 150 pre-set rules included in the template library and mix and match them to create the perfect trading system for you.

Once you’re done building, you can test it without the risk of losing funds through Coinrule’s Demo exchange. Find out if your trading bot works properly and once it does, you can run it for real and let it execute trades on Binance.

3Commas

Out of the numerous trading bots that have been released in recent years, 3Commas stands out as the one most used by professional traders. Its complex interface might intimidate a neophyte but its superb services will make any trader’s life easier.

Its most outstanding feature includes the ability to backtest strategies and compare them with the portfolio of other traders. This way, you can learn from other traders and incorporate their strategies into your own trading system. 3Commas conducts trades on the biggest exchanges today namely Binance, KuCoin and Bittrex.

Shrimpy

Shrimpy is another Bitcoin trading bot popular among the HODLer community. However, compared to other bots, Shrimpy is more suited for long-term investments instead of day trading. Its best service includes portfolio rebalancing where users can automate their portfolio so it’s balanced to a predefined ratio. You can also see other traders on the site and copy their successful trades. Shrimpy supports more than 10 exchanges including Kraken and Binance.

CryptoTrader

Same with crypto marketplaces such as LocalBitcoins, CryptoTrader lets people buy and sell trading bot strategies. If you’re an experienced trader, you can create and sell your own trading bot here and even gain profit from it.

On the other hand, novice traders can take advantage of the knowledge of professionals in the industry by purchasing tried-and-tested strategies. CryptoTrader executes orders on Coinbase and Bitstamp so it can process instantaneous trades all at once.

Cryptohopper

Another Bitcoin bot trading that offers trading templates for sale is Cryptohopper. Similar to CryptoTrader, you can also find trading strategies created by professional traders on Cryptohopper’s marketplace. You don’t need coding skills to experience the convenience of trading bots using this site.

Additionally, it utilizes trading signals to direct you to traders with similar strategies to you so you can follow and learn from their trading activities. Cryptohopper integrates with numerous exchange sites such as OKEx, KuCoin, Bittrex and Binance to conduct your trades daily.

ZenBot

An open-source trading platform, ZenBot allows traders to modify their own Bitcoin trading bots and create one for themselves. However, ZenBot doesn’t have a user interface so it’s almost exclusive to traders who can understand and write code. The great thing about it is it can handle high-frequency trading and you can create a diverse range of strategies aside from Bitcoin trading bots.

Trading can be a tiresome job that takes up a lot of time and energy. Take a break from the grind and let your trading bot do the job for you.

You are welcome to share your thoughts.

Thanks,
Karl
Bitcasino.io

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