Crypto AI trading bots are emerging as strong tools for both initial and professional traders. Automated machine learning facilitates the rapid development and evaluation of sophisticated strategies with minimal effort. The ability to execute trades while continually adjusting to real-time data delivers new opportunities that might previously be missed by humans. This article explores the premier crypto AI trading bots available in 2024 and provides guidance on selecting the appropriate crypto AI bot for various trading strategies.
Why Should You Use AI Bots For Trading Crypto?
Two of the key powers delivered by artificial intelligence (AI) are automation and insights, both of which play a key role in AI cryptocurrency trading. Trading bots are currently being employed by crypto investors to automate the acquisition and disposition of positions in accordance with critical technical indicators, much like they are doing with conventional AI stock trading.
There are some important challenges to trading crypto. One of the reasons why traders must constantly monitor the charts in order to avoid missing out on a trade is that the markets are open 24/7. This is one of the key reasons AI crypto trading bots have become popular over the years.
The user is not required to spend an excessive amount of time studying various strategies and parameters, and AI trading bots accomplish a superior level of performance. In addition, they are an excellent choice for individuals who are interested in embarking on a crypto trading journey, as they allow non-professional traders to capitalize on profitable strategies.
Because of their prevalence, there has been a rise of AI crypto trading bots on the market.
What is Crypto Trading Bot?
Cryptocurrency trading bots are software applications that automate specific functions across various cryptocurrency exchanges or platforms. The function varies based on the strategy you’ve chosen for your bot, and you may even custom write them yourself – for example, you can get your bot to buy and sell at certain price points, or invest in a range of assets regularly using dollar cost averaging and so on.
Top 15 Best AI Crypto Trading Bots
Here is a peek at some of the best AI crypto trading bots:
1) Pionex
Pionex is a trading platform that allows users to utilise a variety of algorithms. The following are examples of these bots:
Grid Trading Bot – This allows you to trade cryptocurrency within a predetermined range by utilising the integrated auto-trading algorithms, which automatically buy low and sell high around the clock. You are only required to specify your trading range.
The DCA (Dollar Cost Averaging) Bot, also referred to as the Martingale Bot, is a product of the traditional martingale strategy. This strategy involves laddering, buying, and selling all at once. Additionally, it will allocate additional funds to purchase each decline in order to substantially decrease the average holding cost.
Rebalancing Bot – If you are optimistic about the potential of multiple coins and are willing to hold them for an extended period of time in order to increase their value, you may elect to utilise the rebalancing bot.
Additional Features consist of:
- Pionex offers 16 complimentary trading algorithms and permits leverage of up to 100x.
- In comparison to the majority of the main exchanges, the trading fee is relatively low. The maker and taker are assessed a trading charge of 0.05%.
- Connect any TradingView strategy to the Pionex Signal Bot.
- The integration of ChatGPT into PionexGPT will enable retail investors to program their strategies without the need for coding expertise.
Pionex users can use any of its 16 free crypto trading bots. All you have to do is choose the right bot for your crypto trading. Some options are:
- Auto-buy low and sell high with the grid trade bot.
- Martingale bot: buy DCA and sell once.
- Bot for rebalancing: Custom index bot.
- Buy on dips to make USDT before the price drops below your goal.
- The BTC moon bot has a long-term plan, 500 grids, and a large price range.
- The ETH moon bot has a long-term plan, 500 squares, and a wide price range.
- Leveraged grid bot: Use leverage to make more money.
- Margin grid bot: Get money to make the grid trade bot more money.
- Turn the grid around: sell high and buy low.
- Leveraged reverse grid bot: To make more money, use the reverse grid bot.
- Infinity grid bot: Make money from changes in the grid without selling.
- Set the buy price, the take profit price, and the stop loss price for the smart trade bot.
- Trailing sell bot: Don’t sell too soon.
- When using a trailing buy bot, don’t buy too early.
- There is a dollar cost averaging TWAP bot.
- Stop limit boy: Decide ahead of time what you want to buy and sell.
The most advantageous aspect of Pionex is that there is no requirement to utilise APIs to establish connections to third-party exchanges; all trading is conducted within the platform. Additionally, there are numerous other varieties of bots from which to select.
2) Cryptohopper
Cryptohopper is a great artificial intelligence (AI) trading bot that can help investors of all levels.
Standard features for those new to crypto trading bots include automatic trading and social trading – so whether you want to copy the best traders or let your bot trade for you based on market data, you can. There’s also trailing orders that let you sell or buy based on a certain price direction. This way, you don’t have to sit at your computer all day and watch the market. Dollar cost averaging also helps people invest slowly to lower their chance of losing money.
For professional traders, Cryptohopper is one of the best options for an AI crypto trading bot. Investors can feed their bot strategies and let it learn, as well as adapt to changing market conditions. You can even automatically backtest all your strategies simultaneously and import them into your AI trade bot.
Besides your AI crypto bot, there are also professional features like backtesting, a strategy designer that makes it easy to make trading algorithms, and a market arbitrage tool that lets you take advantage of differences in prices between exchanges.
3) Altrady
Altrady is a complete crypto trading bot with many tools and features that can be changed to fit your needs. This means that you can automate and plan your trading however you like.
Altrady is also a great tool for managing your portfolio because it lets you buy and sell on many exchanges from a single site. Real-time market data, news feeds, and even a journaling tool let you keep track of all the market’s moves on the same platform. Besides this, the quick scan tool can let you know when the market quickly goes up or down.
For basic trading, there are signal and grid bots. For more advanced trading, there are scaled laggers, tail stops, and OCO.
If you’re new to the market or have been in it for a while, Altrady is a great pick. Altrady has a lot of great tools for people who are just starting out to learn how to make easy, low-risk trades with confidence. Altrady’s technical analysis tools can help you make better choices based on real-time data if you want to take your investing to the next level.
4) Haasonline
Haasonline isn’t exactly the same as other crypto trade bots out there these days. Haasonline is one of the few crypto trading bots that still runs from a personal computer, even though they also offer a cloud service. Most other services are now managed in the cloud.
There are good and bad things about running a crypto trade bot from your computer. Since your API keys never leave your computer, it might feel safer. On the other hand, if you run a trade bot from home, you have to be online all the time. Your bot goes away when you turn off your computer.
When there are problems with Haasonline, it could take a while for the problem to be fixed for good. This is not only what they need to do, but everyone also needs to get the latest program and update it. Most of the time, cloud-based trading bots can be changed more quickly, and users can be notified of changes almost instantly.
No matter what problems there are with a PC app, Haasonline has a full user experience. This app can be used for everything, from simple signals to complicated algorithmic trading and arbitrage. They just released their visual editor not long ago, which lets users use drag-and-drop blocks to make strategies. Even though you still need to understand how your strategy works when you use the visual designer, it’s easier to picture how your crypto trading bot makes decisions. Overall, Haasonline isn’t for people who are brand new to crypto trading bots. However, Haasbot is one of the best crypto trading bots out there for investors and writers who know a bit about technology.
5) Intellectia
Intellectia is a pioneering financial technology platform created exclusively for cryptocurrency investors, utilising artificial intelligence to offer state-of-the-art analysis of the rapidly evolving cryptocurrency market. Established in early 2023, the platform seeks to democratise the availability of complex financial research, therefore enabling both inexperienced and seasoned cryptocurrency traders to access sophisticated tools. Intellectia provides daily ratings of cryptocurrency trends, rigorous technical analysis, and prompt insights into significant crypto events, therefore enabling investors to maintain a competitive edge in the market.
The platform consolidates a wide range of financial data, encompassing news, research, and social media signals from prominent influencers, all driven by artificial intelligence to provide prompt and practical insights. By offering comprehensive analysis on more than 100 cryptocurrencies, Intellectia empowers users to confidently traverse the intricacies of the cryptocurrency market.
Intellectia’s artificial intelligence (AI)-powered solutions are specifically developed to streamline the investment process by providing immediate, expert-level analyses and tailored suggestions. The objective of the site is to provide financial intelligence directly to all cryptocurrency investors, therefore equipping them with the essential resources to make well-informed choices in a constantly changing market.
Outlined below are several prominent features of Intellectia:
- Computational intelligence-driven bitcoin analysis with daily trend ratings and extensive technical insights.
- The provision of real-time updates on significant crypto events guarantees that investors remain well-informed.
- Synthesises financial information from various sources, including news and social media signals from prominent influencers.
- Applicable to more than 100 cryptocurrencies, providing comprehensive and practical analysis.
- Enables cryptocurrency investors with easily accessible and highly skilled artificial intelligence generated tools.
6) Mizar
Mizar is a well-known trading bot tool that works with more than 10 markets, such as spot and futures markets.
Mizar has a marketplace of bots that lets users copy famous traders on the platform. With just a few clicks, users can trade like pros. This lets traders spread out their bets and learn from each other at the same time.
Mizar’s Smart Trading Terminal lets users set up automated orders. Because TradingView Charting is built in, users can set their own trades right on the chart, including tracking, multi-entries, stop-loss, and take-profits.
Mizar has Dollar Cost Average (DCA) bots for traders with more experience that help them control risks and trade automatically. Mizar’s SDK lets traders connect to other software platforms or TradingView, and Mizar’s tools let them keep track of their orders. Mizar also lets them use “paper trading” to try out their methods without any risk.
7) 3Commas
The 3Commas bot is one of the best AI crypto trading bots for pros. People would never say “simple” or “easy” about 3Commas, but they do say those things about portfolio management tools like Shrimpy. To put it mildly, this trading service is complicated. However, the many features that can be changed make it a great crypto trading bot for big investors, day traders, business owners, and corporations.
If you put in enough time and work, 3Commas can give you very fine-grained control over how you carry out your trading plan across exchanges.
There are a lot of functions in 3Commas, but it’s not for everyone. It is suggested for traders who are ready to put in the time to learn everything there is to know about this software and trading service. It’s already a big deal to figure out how this crypto trade bot works.
It’s not over when you understand 3Commas. 3Commas is all about trading techniques for the short term. As the market changes over time, signal-based tactics will need more attention than “set it and forget it.” That means you will have to change the plan you use.
8) Cryptohero
This is a great choice for people who are new to automatic crypto trading bots, short on time or money, and Cryptohero. Thanks to smart AI, making, testing, and running a bot only takes minutes. The paper trade is one of the best things about Cryptohero that makes it one of the best crypto trading bots.
You can test your crypto trading bots before you use them, and Cryptohero also lets you do simulated paper trade. You can also use the backtesting tool to see how well it works on your own trades before you put your bot to use. You don’t need to know how to code to connect it to a number of big cryptocurrency markets.
Bollinger bands, exponential moving average, relative strength index, and stochastic RSI are some of the technical tools that can be used. Cryptohero crypto trade bots can do the following, among other things:
- Plans for the long and short term
- Averaging dollar costs
- Trading in a range
- Alerts and indicators
9) TokenSets
This is one of the best crypto trade bots for the DeFi market. It’s an asset management tool. TokenSets lets you keep track of your sets using advanced trade tools. It works with many DeFi services, such as Aave and Compound.
It’s great for both experienced DeFi investors who are short on time and new investors who want to get into the DeFi space. Developers can make their own sets directly and add any ERC-20 asset and their own unique plan to them.
For people who are new to investing, there are a lot of established sets with great yield returns that can help you find DeFi investment options with less trouble and risk.
10) Hummingbot
Hummingbot is aimed at a different type of user than the other bots we’ve talked about so far. Hummingbot is intended to help professional liquidity providers and market makers build and use institutional strategies on both dexes and centralised exchanges. There are other crypto trading bots that are better for small-scale traders than Hummingbot. On the other hand, Hummingbot is one of the best crypto trading bots for professional liquidity providers.
Hummingbot is different from portfolio management and signal-based strategies because it can handle tasks like arbitrage, market making, and liquidity cloning.
These automation features are not at all made for the average trader or investor, but they could help banks and exchanges keep their own liquidity up. Not only does this service have different features, it is also open source. That means that anyone can see the original code and download the software to their computer so that they can change it as needed.
Best Crypto Trading Bot for Beginners
11) Coinrule
Coinrule is a cryptocurrency trading bot platform designed for anyone recently introduced to automation, without requiring any coding expertise. It was established in 2018 in the UK with the aim of assisting traders of all levels of expertise in developing lucrative automated trading systems.
Configuring bots on Coinrule is straightforward, since users may establish trade rules by specifying preconditions for trade execution or applying a pre-existing trading strategy. In addition, the platform provides backtesting functionality to assist customers in refining their trading strategy previous to deployment.
The platform is compatible with 10 exchanges, namely Binance, Kraken, Coinbase, KuCoin, and the decentralised exchange Uniswap. Additional noteworthy functionalities include a cryptocurrency profit calculator designed to assist users in determining the optimal investment strategy for the present market conditions by analysing technical indicators. In addition, Coinrule provides instructional material for novices and distributes weekly emails with market information to its subscribers.
For individuals seeking to test the platform before committing to a subscription, it provides a free account option that includes a wide range of functions.
12) ArbitrageScanner
The ArbitrageScanner functionality allows traders to exploit price differences between exchanges without the need to possess tokens in advance. Receive round-the-clock updates about price disparities among cryptocurrency exchanges.
Arbitrage trading, typically referred to as this approach, is based on a simple principle: buying a coin on one exchange at a cheaper price and quickly moving it to another exchange where it commands a greater rate. Once the currency reaches the second exchange, traders have the opportunity to sell it, therefore confirming a profit obtained from the difference in price. This strategy capitalises on market inefficiencies, offering traders the chance to generate profits with minimal risk.
The ArbitrageScanner guarantees the security of users’ liquid assets. Neither does it engage with their funds, nor does it establish a connection to exchange balances via API. Moreover, it is not mandatory for users to establish associations between their wallets. The application operates manually and securely within the cloud environment. An advantage of this is that users are relieved from concerns about their account being compromised or the platform using their funds without authorisation.
Presented below are several prominent advantages of ArbitrageScanner:
- Provides support for more than 75 Decentralised Exchanges (DEX) and Central Exchanges (CEX) worldwide.
- The manual bot operates without any API requests, ensuring the security of your wealth.
- Upon purchasing the bot, you will receive complimentary training and access to numerous functional examples.
- Participation in a restricted community where members exchange market analyses
- Upon paying for the Expert plan, you will be assigned a personal mentor who will comprehensively tailor the bot and address all of your enquiries.
13) Bitsgap
Bitsgap is an excellent choice for an AI crypto trading bot that provides a comprehensive range of features including crypto trading bots, algorithmic strategies, portfolio management, and a free demo mode all in one convenient platform. An outstanding feature of Bitsgap is its ability to consolidate all of your exchanges onto a single dashboard. This has several significant advantages, such as enabling flawless execution of strategies and simultaneous deployment of sophisticated bots across multiple platforms.
Centralising all information in a single location allows for the comparison of rates across different digital currency marketplaces, facilitating trading and exchange switching, monitoring of investments, and testing of tactics using a demo account.
The Bitsgap platform is seamlessly connected to 30 distinct exchanges, including prominent ones such as Binance, Kraken, and Bitfinex. In addition, it provides access to more than 10,000 cryptocurrency trading pairings and a range of technical indicators to assist in formulating successful strategies. The user-friendly interface enables both novices and experts to engage in automatic exchange trading.
An outstanding characteristic of the Bitsgap trading bot is its ability to accurately allocate your investments proportionally within your selected range, therefore enabling you to generate modest and regular returns on each market movement. Execution of orders and placement of additional orders occur when the price reaches the specified range.
14) TradeSanta
TradeSanta is an excellent platform for AI crypto trading. It is a software and bot designed to assist users in analysing the cryptocurrency market and capitalising on the variations in its value.
In line with other leading platforms, TradeSanta offers round-the-clock trading capabilities, and the setup process is efficient and straightforward. To begin, simply register an account, select your trading pairs, and successfully configure the trading bot within a few minutes.
ForexSanta is particularly beneficial for novice traders and occasional traders. Successful operation of the bot’s mechanics does not necessitate such intricate activities. The bots harness a combination of long and short methods, under the guidance of intricate algorithms.
An additional advantage of TradeSanta is its lack of stringent restrictions on trading volume, allowing for the purchase and sale of substantial amounts of cryptocurrency without significant price fluctuations.
15) AlgosOne
AlgosOne is revolutionising by incorporating generative artificial intelligence capabilities into algorithmic trading strategies. The initiative has integrated artificial intelligence (AI) using its own exclusive code and intensively trained the model using a wide variety of data sources. Furthermore, it consistently acquires knowledge and adapts its comprehension of market behaviour. This enables the trading system to make more informed decisions, by using real-time data, on the optimal timing for buying and selling orders of cryptocurrency assets.
Using next-generation machine learning, the platform is gaining recognition in the cryptocurrency industry for its ability to outperform leading competitors and minimise risk. Investors have the opportunity to engage in trading activities concerning a diverse selection of leading cryptocurrencies, including several stablecoins and renowned meme coins.
Guide to Choosing the Best Crypto Trading Bot
The selection of the best cryptocurrency trading bot is contingent upon your unique investment approach and the specific functionalities you desire for your investment bot. Consider the following prevalent characteristics of cryptocurrency trading bots:
- Crypto trading bots are specifically developed to automate the buying and selling of digital assets using predetermined trading methods. Each bot is equipped with a diverse range of established trading strategies and may be customised to suit individual preferences.
- The backtesting function of many crypto trading bots enables users to evaluate their trading strategies using historical data before to implementing them in real-time. This feature facilitates the refinement of tactics before to the bot’s debut.
- Technical indicators, like moving averages, Bollinger bands, and MACD, are frequently employed by crypto trading bots to detect trade prospects and make informed decisions by analysing market movements. The technical indications employed by different bots will differ, so it is important to ascertain the facts being utilised to guide your investment approach.
- Certain cryptocurrency trading bots integrate risk management functionalities, such as stop-loss orders and position size, to automatically assist users in managing their risk exposure.
- Crypto trading bots typically have the capability to operate with several cryptocurrency exchanges, although the specific number of exchanges supported may differ. Therefore, it is advisable to verify the exchanges that your bot is compatible with.
- Established cryptocurrency trading bots integrate security measures including two-factor authentication and encryption to safeguard users’ accounts and trading data.
- Numerous trading bots are equipped with a user-friendly interface that facilitates the seamless setup, customisation of trading methods, and monitoring of performance, regardless of one’s level of competence.
- Pricing is paramount. The cost of cryptocurrency trading bots varies from zero to several thousand dollars, contingent upon the extent of functionality and availability of assistance provided.
Sum Up…
As a trading tool, AI crypto trading bots are incredibly strong. Their next-gen data processing and execution capabilities take trading efficiency to a whole new level. Users never miss a profit opportunity with 24/7 trading possibilities, and stability is the result of emotion reduction.
Managing risk is essential, and picking the correct bot type for your plan is critical. If you pick the correct one from our top AI trading bots, you’ll have far better luck trading cryptocurrencies.
