KuCoin - Best option for beginners
KuCoin is an exchange but they provide their customers a free trading bot which is integrated into their app.
Although its basic, I recommend beginners start with the KuCoin trading bot for six reasons:
- Its free
- KuCoin provides the parameters of the most successful bots so you can just copy them
- KuCoin has some of the lowest trading fees in the world
- Get access to a great community where people share strategies
- Currently the KuCoin bot has limited options meaning its great to learn with
- KuCoin has a large userbase which means their markets are deep with lots of liquidity.
Once you want to implement more complex strategies maybe then graduate to more complex bots (see options below).
The KuCoin trading bot currently offers two strategies, dollar cost averaging and grid trading. But they have plans to add more strategies and capabilities soon so by the end of this year I expect this to rival other bots on the market.
So what exactly are the capabilities of this bot? So you start off by choosing your trading pair (eg: btc/eth), KuCoin offers hundreds of pairs, I always choose a pair that includes the stable coin USDT which reduces my volatility. Then you choose the range in which you want your bot to trade, for example if you choose the lower end of your range to be $10 and the upper end to be $20 the bot would stop buying when the price is below $10 and stop selling when its above $20. Then you need to specify how many orders you want your bot to place at any one time, I usually choose around 50. This means the bot will set out to make roughly 25 buy orders and corresponding sell orders. After that you need to specify your total investment, I recommend you start small if you're a beginner, around $50.
And that's it, you just click create and it gets to work instantly. To learn more about KuCoin read our full review of their exchange here.
Fees:
Supported Exchanges:
- KuCoin
CryptoHopper
A beginner-friendly and very popular crypto trading bot, CryptoHopper comes equipped with tools such as:
The strategy designer tool in particular deserves special mention as it’s ideal for those that are still new to trading in general. The 130+ indicators make it super easy to personalize your own trading strategy, while learning in the process. Alternatively, you can also buy established trading templates and unique strategies from experienced traders from within the CryptoHopper platform itself. Last time we checked, the cloud-powered trading bot supported 12 different exchanges, but the ever-expanding list could be longer by the time you start using it.
Keep in mind that CryptoHopper is not just for beginners, as it has an extensive marketplace for expert traders to utilize as well. Within the marketplace, there are plenty of free and paid signals to choose from. If you know what you are doing, the scope of putting together multiple signals with CryptoHopper’s technical indicators can allow for extremely detailed and personalized trading strategy creations.
Fees
Supported Exchanges:
- Binance.us
- Bittrex
- Bitfinex
- Binance
- Coinbase Pro
- Huobi
- HitBTC
- Kraken
- Bitvavo
- OKEx
- KuCoin
- Poloniex
Trality – best for creating your own bot
Trality is a truly unique offering in the bot market. Rather than providing pre-programmed bots, Trality provides the tools and flexibility for you to customize and fine-tune your own bots according to your preferred trading strategies. It is suitable for beginners, advanced traders, those with no coding skills, Python coding gurus – and everyone in-between.
And the Marketplace that is being planned will allow you to rent out the bots you have created and follow others while maintaining complete control over your bot and its underlying algorithm.
Trality has the tools and the graphic and intuitive interface to support you all the way. Pre-programmed strategies and technical indicators can be dragged and dropped to build the logic for your bot if you are using the Rule Builder. There is excellent Python API functionality for developers, a debugger, popular libraries such as NumPy, Pandas, Tulip, and Talib, and a range of templates to get started.
Security is tight. Trality facilitates the trade but never directly touches your funds, which remain at your crypto exchange. You create and test on your browser, so your ideas stay on your computer. And your bot is sandboxed and end-to-end encrypted so that no one – not even Trality – has access to your trading strategies.
You can have as many bots as you like for diversification. Each bot can run on multiple strategies and be applied to multiple trading pairs.
Help is easily found through simple yet thorough documentation, blogs and tutorials, and emails if you need special assistance. There is a particularly active Discord community that support each other and provide ongoing updates. The owners of Trality also participate and encourage the open development of their product.
Trality promises that you can create, code, backtest, and trade like a professional.
Fees
TradeSanta
TradeSanta went live in 2018 with the mission to make automated trading accessible to anyone. The company’s distinguishing feature is a simple yet powerful user interface.
The platform now automates trading on six major exchanges, including Binance, Huobi and HitBTC. Traders can set up bots in just a few steps. If the traders is not sure yet what approach to take, they can also test their strategies with virtual bots. TradeSanta offers a trading terminal for traders to make trades on various exchanges using the same user-friendly interface.
The TradeSanta platform is constantly improving and introducing new features and connecting new exchanges. This year, TradeSanta has launched futures trading for its traders. Here’s an overview of TradeSanta features:
Fees
Supported Exchanges:
- Binance
- Binance US
- Binance Futures
- Huobi
- Okex
- Upbit
- HitBTC
- Coinbase Pro (coming soon)
Bitsgap
Bitsgap is one of the newer and better examples of what the well-designed, automated trading bots of today can do. Some of the main advantages Bitsgap’s highly advanced, inbuilt algorithm brings to the market for new and advanced users alike would be:
For those looking for a more personalized experience with their own trading strategies, the bot also has the necessary signals to keep users aware of potential investments with the highest possibilities for short-term and long-term returns. Bitsgap has its own trading platform, so in-app trading is supported.
Fees
Supported Exchanges:
- BigOne
- Binance
- Bitfinex
- Bit-Z
- Bittrex
- Bibox
- Bitstamp
- CEX.IO
- Coinex
- Coinbene
- DDEX
- Bithump
- Exmo
- Gate.io
- Gemini
- Huobi
- Kraken
- Kucoin
- Liquid
- HitBTC
- Livecoin
- OKEX
HaasOnline
What we have here with HaasOnline is an automated trading bot + platform, which was designed exclusively with advanced traders or serious newcomers in mind. Let’s take a quick look through the cloud application’s prime features next:
Fees(All 3 Charges are One-Time Fees)
Supported Exchanges:
- Binance Futures
- Binance.us
- Binance
- BitMEX
- Bitpanda Pro
- Bitstamp
- Coinbase Pro
- Bittrex
- Ionomy
- Bitfinex
- Cex.io
- Gemini
- Huobi Global
- Deribit
- HitBTC
- Kraken Futures
- Kraken
- KuCoin
- OKEx Futures
- OKEx
- OkCoin
- Poloniex
3Commas
Another automated trading bot that is new to the market but is already making a name for itself would be 3Commas. The bot relies on the Dollar Cost Averaging (DCA) strategy to mitigate the common volatility aspects associated with crypto trading. 3Commas’ trailing stop feature opens up the user’s position and keeps it open only while the asset’s price begins to rise and continues to be on the up. The moment the user’s target asset begins to decline, the user’s position will be closed off automatically. Why this feature is such a hit is because it allows even novice traders to maximize the volatility of an unexpected and sudden bull market.
Some of its other important features can be highlighted as follows:
Fees
Supported Exchanges:
- Binance.us
- Bitstamp
- Binance Futures
- Binance
- BitMEX
- Bitfinex
- Bybit
- Binance DEX
- Coinbase Pro
- Bittrex
- Cex.io
- Exam
- Gate.io
- Huobi Global
- KuCoin
- HitBTC
- Kraken
- OKEx
- YoBit
- Poloniex
Shrimpy
Shrimpy is primarily a trading portfolio management app, but augmented with the right automated trading tools. In fact, the platform’s extremely popular automated portfolio rebalancing feature is one of the best in the market, if not the best. Shrimpy has its own interface for streamlining multiplatform trading for advanced users as well.
Let’s highlight some of the app’s other important features next:
Fees
Supported Exchanges:
- Bibox
- Bitstamp
- Bittrex
- Binance
- Binance.us
- Bitfinex
- BitMart
- Coinbase Pro
- OKEx
- Bittrex Global
- Huobi Global
- HitBTC
- KuCoin
- Kraken
- Poloniex
Coinigy
Coinigy’s user interface allows seamless multi-exchange integration, enabling traders to stay in sync with and trade across all their platforms from a single terminal. Anyone who has been crypto trading for some time now should be quite familiar with the bot app since Coinigy is one of the top platforms available today across Windows, MacOS, iOS and Android. We will quickly go through some of the best features that Coinigy has to offer to its users next:
Fees
Supported Exchanges:
- Kucoin
- inance
- Bitstamp
- Bitfinex
- Coinbase Pro
- CEX.IO
- Huobi Pro
- Kraken
- Bittrex
- Poloniex
Zignaly
Although Zignaly might be a new name in the market as a trading terminal, the company has vast experience and a well-established reputation in crypto trading all the same. The thing is that Zignaly already was one of the leading providers of crypto trading signals long before they decided to launch their fully featured combination of trading bot app + trading platform. We will check what the company has done to make itself stand out among the competition next:
Fees
Supported Exchanges:
- Binance
- KuCoin
Kryll
If you are looking for a trading bot and platform that will allow you to create very personalized, unique trading strategies of your own, look no further than Kryll. Their drag-and-drop graphical user interface is intuitive, detailed, and surprisingly easy to operate for even intermediate users. Perhaps the best part about Kryll is the fact that anyone can use the application to learn and create a basic trading strategy for free, complete with demo trades for better understanding. However, you will need to pay for their services if you wish to use that strategy or any other for actual crypto trading with real money.
Kryll software has a marketplace which must be mentioned here, because it allows advanced crypto traders to make their own customized trading strategies available in the market. You will earn commissions from every profitable trade, alongside the general fees from every user just for copying your trading strategy.
Fees
Supported Exchanges:
- Binance
- Binance.us
- HitBTC
- Bitstamp
- KuCoin
- Kraken
- Liquid
- Bittrex
Coinrule
Coinrule has the most beginner-friendly, free-trial period you are likely to find. The British company is fairly new to the market, but they have already made a decent name for themselves with an intuitive UI design, a proper, free-trial period and a beginner-friendly approach to the whole idea of designing personalized trading strategies. Powered by a comprehensive tutorial section, clever use of easy-to-decipher terms and a visually attractive UI, Coinrule is arguably the most accessible crypto trading bot and strategy designer available today. Let us go through a few basic elements of the app’s design and implementation next:
Fees
Supported Exchanges:
- Bittrex
- Poloniex
- HitBTC
- Bitstamp
- Bitpanda Pro
- Kraken
- OKEx
- Liquid
- Coinbase Pro
Researching the best crypto bots was a difficult task, it involved searching, reading and testing. We will update here soon with a full list of resources but a helpful article in starting your research is this post from Trality. If you have any questions feel free to reach out.
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