We have listed and reviewed the best crypto trading bots here! Gunbot is on several cryptocurrency exchanges including Poloniex, Kraken, Bittrex,. I built a screenshot API and some guy was mining cryptocurrencies with it. Hey folks, just wanted to share this story. Yes, I could have been better prepared for what happened, I know.
Unlike the stock markets, the cryptocurrency market never closes and never sleeps, which can be a highly stressful scenario and even in the industry. Users familiar with crypto investment will also be familiar with the (joyful or sinking) feeling of waking up in the morning to be greeted by a pleasant or unpleasant surprise when they check their portfolio and see large gains or losses. As a result of the volatility of the market, trading bots have become increasingly popular among traders by allowing them to remain in control of their trading at all times, with the bot not sleeping even while the trader is. In addition, a correctly specified bot allows trades to be executed faster and more efficiently than the trader would be able to do manually. The in cryptocurrency has also resulted in a big increase in the number of crypto trading bots available, either for free from open-source platforms or licensed to users in exchange for flat fees. However, it is difficult to ascertain which of them work as intended and which of them are an absolute waste of time.
This post will consider the background to what exactly trading bots are and whether they work for trading (and more importantly, for your Bitcoin trading). It will then consider some of the best trading bots in the market today. What are Trading Bots?
Contents. In essence, a trading bot is a software program that interacts directly with financial exchanges (often using API’s to obtain and interpret relevant information) and places buy or sell orders on your behalf depending on the interpretation of the market data. The bots make these decisions by monitoring the market’s price movement and reacting according to a set of predefined and pre-programmed rules. Typically, a trading bot will analyze market actions, such as volume, orders, price, and time, although they can generally be programmed to suit your own tastes and preferences. Trading bots have been popular for many years in various conventional financial markets.
However, trading bots have not been traditionally available to the average investor as they cost a significant. For example, a Bloomberg terminal can often cost in excess of $10k. However, due to the transparent nature of blockchain, cryptocurrency exchanges tend to grant their customers direct market access that provides users with the opportunity to analyze the exchange’s electronic order book, which was a type of access that was traditionally exclusively available to brokers and investment houses in conventional financial markets. With many people trading Bitcoin passively and therefore unable to dedicate large amounts of time to analyze the market, the intention is that Bitcoin bots will allow users to establish more efficient trading without having to keep on top of the market at all times.
3Commas 3Commas is a popular trading bot which works with a number of exchanges including Bittrex, BitFinex, Binance, Bitstamp, KuCoin, Poloniex, GDAX, Cryptopia, Huobi and YOBIT. The bot works 24 / / 7 with any device as it is a web-based service so you can monitor your trading dashboard on mobile as well as desktop and laptop computers. It allows you to set stop-loss and take-profit targets and also has a social trading aspect which allows you to copy the actions of it’s most successful traders. Another interesting feature is it’s ETF-Like crypto portfolio feature which allows you to Create, analyze and back-test a crypto portfolio and Choose from the best performing portfolios created by others. We have completed an Indepth here. Cryptohopper is one of the most established players in the auto trading scene for several reasons. Firstly, they run entirely on the cloud, so no installation is required making 24/h trading possible.
They also have an incredibly intuitive dashboard, and only require a 5 minute set up to start trading. Next to this they are the only bot to embed external signalers, allowing new traders to subscribe to a growing list of professional analysts from around the world. Many use machine learning, intelligent algorithms and employ teams of mathematicians to target rising coins. Signals are sent directly to the users bots which buy and sell when they receive them.
Signaler dashboard where you can subscribe The bot allows you to take advantage of bull markets with a trailing stop-loss, and has full technical analysis features from Stoch and RSI to Bollinger Bands and MACD. Cryptohopper has a very nice modern dashboard area where you can configure and monitor everything and comes with a config wizard or pre-created templates for the popular exchanges – Binance, Bittrex, Poloniex, GDAX and Kraken. Traders with more experience can incorporate their favorite technical indicators, triggers and use tools that are handy in bear markets, such as DCA & shorting features. Unlike many other bots, Cryptohopper does not charge any trading fees, and is one of the few bots to offer a free trial for a month with the ability to upgrade to Bunny ($19 p/m), Hare ($49 p/m) and Kangaroo ($99 p/m). We have completed an Indepth here. CryptoTrader The bot is a cloud based trading bot that provides users with fully automated trading solutions while not requiring them to install the bot on their own system.
CryptoTrader features a strategies ‘marketplace’ that allows users to buy their favorite trading strategy, or alternatively to sell strategies developed by themselves. Cryptotrader supports most of the major exchanges for both backtesting and live trading, with the backtesting tool allowing users to review how their strategies would work under different market conditions. CryptoTrader offers five different subscription plans, with fees ranging from 0.006 BTC to 0.087 BTC per month (Bitcoin is the only payment method accepted).
The separate packages include a number of differences, including the number of bots operating on the user’s behalf as well as the maximum equity limit. Although though some knowledge of coding is beneficial when setting up strategies in the CryptoTrader bot, there are a number of free and paid strategies available for users that are not experienced / interested in coding.
The CryptoTrader bot also has a wide level of interoperability, with the service offering email and text notifications to alert users on important market events or changes in trends. GunBot is a well known cryptocurrency trading bot which uses individual strategies that are completely customisable to fit your trading style.
It can operate on the following exchanges: Bittrex, Binance, Poloniex, Bitfinex, Cex.io, GDAX, Kraken and Cryptopia. You can run the bot on your own computer or use a VPS and can manually add different coin pairs, pick a strategy and set it to work. BTCRobot was one of the early innovations in the Bitcoin trading bot market. Unlike some of the other options, BTCRobot is not free, with licence plans ranging from $149 to $498 depending on requirements, which allows users to either download the program or use the cloud servers (with Mac downloads costing slightly more than Windows). Commentators have suggested that the platform is easy to use and works effectively as it is intended. However, it would appear that the profits being made by traders from the tool are modest and it would appear that it is probably only worthwhile investing in this tool if you are intending to invest heavily in it, both in terms of the funds that the bot will operate with, as well as the time to correctly understand how it works. The developers themselves note that the bot is unable to perfectly predict the cryptocurrency markets (which is not a surprise, considering the number and range of variables in the cryptocurrency markets).
Therefore, users should be willing to accept that there will be a range of losing trades, as well as winners. However, with a package that includes a 60-day refund policy, BTCRobot offers users a chance to try out the trading bot to see if it is a good fit with their trading strategy without worrying about the financial outlay. Gekko is an open-source trading bot and backtesting platform that supports 18 different Bitcoin exchanges. Gekko is entirely free and can be found on the GitHub platform. Gekko is a relatively straightforward trading app to use that includes an interface and basic strategies from the outset, which allows you to be more comfortable with the use of the bot. Gekko also has a number of plugins available that will allow you to be updated regardless of what level of connectivity you have.
Although Gekko is not a high-frequency trading bot (making only a couple of trades per week, depending on configuration), nor a bot which allows you to exploit arbitrage opportunities, its list of supported exchanges and basic strategies means that it is probably a good place to start for anybody interested in utilizing Bitcoin trading bots. Zenbot Similar to Gekko, is also an open-source trading bot for Bitcoin traders. As an open-source project, Zenbot is available for users to download and modify the code as necessary. However, there have been question marks in the community over the development of Zenbot, with no updates having been made to the platform for a significant number of months. This means that no additional exchanges have been added to the platform for almost one year, meaning that it may have access to less information than some of its competitors. However, on the positive side, Zenbot, unlike Gekko, does offer high-frequency trading as well as supporting multiple cryptocurrencies in addition to Bitcoin.
Haasbot Created in 2014 by Haasonline, trades Bitcoin and many other altcoins, Although Haasbot is probably the most complete of the trading bots that are currently available, doing much of the labour with relatively minimal input required from the user, in order to provide this service it is pretty expensive, with costs ranging from between 0.12 BTC and 0.32 BTC for a three-month period. At those prices, it is clear that anybody willing to take a chance on it should be knowledgeable about what they expect to get out of the platform and be committed to doing so. Conclusion Trading bots can assist traders in ensuring that they are always interacting with the market, even when they are physically unable to do so.
They can assist in removing some of the stress and emotions that are often found in any financial trading markets, not least the cryptocurrency market. However, trading bots are not for everybody, nor does everybody need one. Casual investors are not the prime target of trading bots, and if your intention is to buy and hold Bitcoin then a trading bot is probably not the correct investment for you. In addition, if you are not a competent programmer or familiar with the creation of financial strategies, trading bots may also not be for you. However, if you have the requisite knowledge and ability to overcome these obstacles then a trading bot can be a worthwhile tool in monitoring and making gains from the Bitcoin market. Hi Andrew, Wonder if you would be able to try out our trading bot As being a quantitative analyst myself for 8+ years, I find there is no tool / system / trading bot can constantly beat the market without human interference, but a great tool that helps you to experiment your ideas / strategies easily and quickly can significantly improve your odds, so here we build Coinfinda, with intuitive UI and a 7-step configuration to command your bots, you will be able to maximize your potential wins and cut you possible losses very efficiently.
Mining Multiple Cryptocurrencies Best Crypto Bots For Mac
Update- April 16th, 2018: X-Mining/Crypterra (crypterra.net) is no longer live! Note: X-Mining used to be known as Crypterra, however, the company has re-branded from Crypterra to X-Mining and users experience problems with withdrawals and support. The website: crypterra.net in not live. Don;t invest money you can’t afford losing.
Update – March 4th, 2018: YOU SHOULD PROBABLY AVOID X-MINING FOR NOW. HERE ARE SOME EMAILS AND COMMENTS THAT WE’VE GOT SINCE THE REVIEW WENT LIVE: Something is really wrong with this company! I recommend you to join the group if you are interested in knowing more from real X-Mining clients: SOME OTHER OPTIONS FOR CLOUD MINING:, Thanks, Mark X-Mining Market themselves as one of the legit cloud mining service providers that offer a range of services suited for both businesses and individuals interested to venture into. They claim to have top of the range mining equipment that efficiently mines cryptocurrencies. What is Cloud Mining?
The concept of is similar to that of cloud computing whereby you use the cloud infrastructure and technology of a cloud service provider and then pay for what you’ve used. In cloud mining, you use the mining equipment (hardware power) of a cloud mining provider to mine cryptocurrency such as or without purchasing your own operating hardware, electricity and other maintenance costs. This saves one with the technical expertise, cost, space and time that would have been incurred in acquiring his or her own hardware. X-Mining Review What is X-Mining?. X-Mining is a user-friendly platform that offers dedicated mining services to all users regardless of their age, technical experience or location.
The company is associated with a team of experts experienced in cryptocurrency who are focused on fulfilling customer needs while also minimizing the risk and cost associated with the process. Launched in July 2017. The company is registered in Ireland but have their major data center and engineering support in Hong Kong.
Their customer support is based in Alberta, Canada. What services does X-Mining offer?. The platform offers cloud mining services for a wide range of cryptocurrencies which include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Zcash, and Dash. The company also offers dedicated mining services that are personalized for the user with a personal manager who ensures the equipment delivers for the customer profitably for an unlimited term of the contract.
The company also has an online shop where one can purchase a miner such as the Bitmain. Team behind X-Mining X-Mining has a talented team which includes:. Ho Hsueh (Founder) – Has a Bachelor’s degree in Mathematics with a five-year experience working in cryptocurrency. Has a passion for cryptocurrency and prioritizes the needs of the customer over company profits. Ronald Gilmore (CEO) – Organizes all business processes of the company and ensures company’s projects run smoothly. Kang Tung (General Engineer) – Has a Bachelor’s degree in engineering. Is responsible for ensuring proper functioning of XMining mining equipment.
X-Mining Supported Countries. X-Mining is supported globally. X-Mining Payouts. How do they work?. Payments are made on a daily basis but are generated only after accumulating a predefined minimum withdrawal amount. The minimum withdrawal amount for January 2018 was 0.0065 BTC.
X-Mining has a no-refund policy after a contract or purchase has been made hence one is advised to be sure before making a payment. The minimum payout limit is $10. X-Mining doesn’t have any withdrawal charges. X-Mining advises its customers to withdraw their mined coins as soon as possible since the platform doesn’t have an integrated for storing coins. X-Mining Contract and Pricing.
X-Mining has different pricing for their contracts depending on the chosen cryptocurrency and the hashrate. The contract period is currently two years for all cloud mining contracts and is unlimited for dedicated mining. The mining contracts are open-ended which implies that users of the platform continue generating profit as long as their contract caters for operational costs. Each cryptocurrency is also divided into starter, enterprise, professional and dedicated which all have different prices. This table shows the various contracts offered and their corresponding prices.