The Best Crypto Trading Bots for 2021
Did you know that, according to Intrado GlobeNewswire, the cryptocurrency market is expected to have a value of over $5,000 million by 2026? This is with a compounded annual growth rate of 30%.
If you want to make money from the cryptocurrency market, then you might be considering using trading bots so you can make even more money, more easily.
But you may be asking yourself questions such as:
“What are the best trading bots?”
“When it comes to the crypto trading bots out there, which one is best for me?”
“What are the best free trading bots?”
If you don’t have the answers to these questions, then you might not be sure how to decide which crypto bot is best for you. That’s why we’ve put together this article. In it, you’ll learn about the best crypto trading bots of 2021. That way, you can find which one to use and start making some money with your cryptocurrency investments.
Read on to learn more.
Blackbird Bitcoin Arbitrage
This is one of the best crypto trading bots out there for beginners. When you use this bot, it compares and examines Bitcoin prices in different exchanges, using these price differences to make you more money.
Once this software has the right prices, it will automatically make trades for you that make you more money because of the price discrepancies.
For example, if Bitcoin is selling for $100 on Exchange A and $200 on Exchange B, Blackbird Bitcoin Arbitrage will buy the Bitcoin on Exchange A and sell it on Exchange B. As a result, you’ll make a net profit of $100.
If you don’t want to sell tokens you own yourself but you want to make money with cryptocurrency, this is a great way to do it.
3Commas
If you’re wondering, “What does a crypto trading bot do?” the answer when it comes to 3Commas is, “A lot.” If you’re looking for advanced features as a crypto investor, you should use this bot designed for experienced traders.
First of all, this bot has access to 23 exchanges if you use the paid version.
Additionally, 3Commas makes it possible for you to sell and buy cryptocurrency, as well as take advantage of options trading that’s all automated.
If you’re new to cryptocurrency investing, 3Commas offers a course that helps you learn what you need to before you start.
Finally, there’s the 3Commas Smart Trade feature. With it, you view Trading View signals and currency exchange rates at the same time. This means you can protect your investments while also making money.
Shrimpy
If you’ve asked yourself the question, “What is a crypto trading bot?” then you may be new to cryptocurrency investment. In this case, it may be smart to use the crypto bot Shrimpy. It’s easy to use with a simple interface.
However, keep in mind that if you want to find signal providers/ talented traders, then this might not the best choice. There is support for more than 16 exchanges.
Superalgos
When it comes to how to choose a crypto trading bot, many users choose to go for free bots. However, one of the problems with many free bot solutions is that their interface is a bit complicated—making them less than ideal for new users.
Fortunately, there’s Superalgos. This option has a visual interface that’s so good it’s much closer to what you get when you use a paid version.
Features include testing that’s back and forward, a design made for visual strategy, and automated trading. It’s incredibly user-friendly for non-technical users.
Cryptohopper
If you want a crypto bot that’s always working for you, Cryptohopper is a great choice. This bot works 24/7 because it’s completely based in the cloud. As a result, it keeps up with the constantly shifting cryptocurrency market.
Even when you’re offline, Cryptohopper will keep making you money.
It’s easy to get started with this bot. All you have to do is sign up with them, no credit card information needed, and you’re ready to start investing in Bitcoin and other cryptocurrencies.
There’s also integration with other investors, using social sentiments, which can be beneficial for your trading strategy.
Catalyst Enigma
If you’re an advanced trader, then Catalyst Engima is a great choice for you. You can customize it yourself to best fit your needs, as long as you are able to use Python to build your trading strategies, after which you’ll test them.
Another benefit is that users of this bot can share strategies with each other. So if there’s another trader who has some good strategies, you can learn from. them and make more money.
Pionex
Are you looking for a quality, paid cryptocurrency bot that won’t break the bank? In this case, Pionex is a great choice. You pay very little in fees, only 0.05%. You’ll have access to 12 built-in bots, and you can sell and buy crypto.
If you’ve been waiting to make the leap and want to see how cryptocurrency bots work, then you can try out Pionex, given how inexpensive it is.
Ichibot
If you prefer to have a little more control when trading, then Ichibot is a good fit. It doesn’t make any automatic trades, working more like a tool than like a bot. You can customize it to implement more complex trade strategies.
This means you can use it in real-time, trading both FTX and Binance.
Need More Information on Trading Bots?
Now that you’ve learned about the best trading bots of 2021, you might need more information. Maybe you want to learn about trading strategies you can use. Or maybe you need help setting up an account.
Whatever information you need, we can help you. At Smart Options, we’re experts when it comes to cryptocurrency trading and investing. Smartoptions has an article about the 7 best cryptocurrency bots for you check it out.