Generally speaking, crypto bots pull relevant information from multiple exchanges, analyze price movements, and execute the best trades automatically. Users can manually program crypto bots or use one of many predefined trading strategies. Setting up a crypto trading bot is different, depending on the type of trade you want them to complete. The most popular crypto bot types are arbitrage bots, market-making bots, technical trading bots, margin trading or leverage bots, and many others. What are the most popular crypto trading bots? There are dozens of crypto trading bots on the market, and while they all work in a similar manner, they offer wildly different results. How can I set up a crypto trading bot?

Crypto Currency Trader

Having all essential information displayed in a single window makes it easy to compare rates on multiple markets, switch between them, and track your investments across the board. Moreover, you can also use the demo account to test your strategies before investing any real money. It also comes with over 10,000 crypto trading Paris and a wide range of indicators to help you refine your strategies to increase returns. Bitsgap integrates with 30 exchanges, including all the leading platforms such as Binance, Kraken, Bitfinex, and many others. The auto-trading feature distributes your investments according to your chosen cryptos, allowing you to enjoy small but stable profits every time the markets move.

Everything will happen in a second, and you can even use the social trading tool to monitor and copy trades made by experienced users. The only downside to the platform is that it doesn’t have an app version, so you can only use it on your desktop or laptop. Moreover, you can always access their portfolios to see what currencies they hold. Shrimpy has four paid monthly plans, ranging from $15 to $299 for annual billing. The platform also offers detailed chart visualizations, a backtesting feature to tune your bots before hitting the markets, and a demo account for risk-free trading.

It allows users to profit from sudden price rallies because the bot will keep its positions open if the price keeps increasing. The platform has also partnered with CoinLedger, which automatically calculates all taxes. On the other hand, the SmarTrading tool is the best option for advanced traders because it allows asset trading between multiple exchanges and crypto pairing from a single dashboard. Like most other crypto trading bots, 3Commas is entirely cloud-based and supports 20 exchanges. You can subscribe to 3Comma for only $22 monthly, but the premium option will cost you $75. The paper trading feature is an excellent option for beginners who want to test their custom strategies before investing actual cash. Once it starts dropping, the positions will close automatically.