10 Best Bitcoin Robots in 2022

The best Bitcoin robot is one whose algorithm is uniquely tuned to analyse the crypto market while accounting for its volatility, identify profitable buy and sell opportunities, and execute sub-second trades with little intervention from the user.

Many service providers promise these features, but some surpass others. This list covers the best Bitcoin robots in 2022, their prominent features, why you should use them, and a quick overview of Bitcoin robots in general.

Summary Table Comparison

Bot

Claimed Success Rate

Minimum Deposit

Fees and Commissions

Supported Cryptos

Bit Index AI

85%

$250

0.01% per trade

4+

Bitcode Prime

90%

$250

2% on profits

7+

Bitcoin Code

99.4%

$250

2% on profits

8+

Bitcoin Prime

90%

$250

2% on profits

14+

Bitcoin Bank

99%

€250

None

BTC

BitIQ

90%

$250

2% on profits

14+

Immediate Edge

99%

$250

2% on profits

4+

Oil Profit

90%

$250

None

BTC

Quantum AI

90%

$250

0.01% per trade

3+

1K Daily Profit

85%

$250

0.01% per trade

15+

Our Reviews for the 10 Best Bitcoin Robots

1. Bitcoin Index AI - Best Overall Trading Bot

Bitcoin Index AI uses an AI-powered algorithm to analyse the market in real-time, output trading signals and execute profitable sub-second trades. When analysing the market, it uses components like volume and price to spot patterns.

The bot’s most prominent features are its customer service and low fees. Customer support is available 24/5 and in real-time via live chat and email. Bitcoin Index charges minimal fees, a 0.01% trading fee with no deposit or withdrawal fees. Their transparent fee structure makes them more trustworthy to potential users.

Deposits through payment channels like bank transfers and credit cards are accepted. The platform supports all major credit card providers like VISA, Mastercard, American Express, and Discovery. The minimum deposit on the platform is $250, however, there is no minimum withdrawal limit.

Before opting for a live account, new users can test the platform using a demo account. 

Bitcoin Index AI has a claimed success rate of 85%. This means that it trades successfully 85 times out of 100. And when it comes to availability, Bitcoin Index AI offers its services globally via a distributed network of brokers.

Pros

  • 85% claimed success rate

  • Free deposit and withdrawals

  • Several positive independent reviews

  • Demo account for newbies

  • Automatic trading via AI algorithm

Cons

  • Not available to US citizens

  • Some other bots do not charge trading fees

Why We Chose Bit Index AI

Bit Index AI is an easy-to-use platform for beginners and advanced traders. Its algorithm is intuitive and sensitive to changes in market conditions. Unlike other bots that offer uncomfortably high leverage facilities, Bit Index AI offers maximum leverage of 100:1, well within industry best practices. 

2. Bitcode Prime - Best Bot for Portfolio Management

Bitcode Prime stands out with its portfolio management features. Of all the bots on this list, it is the one that is uniquely programmed to manage portfolios as a whole. It does so by automating trading and investment strategies using AI-powered algorithms.

Because of its portfolio management feature, Bitcode Prime can utilise fundamental analysis components, like news analysis, in its operations. The bot can also connect to several marketplaces simultaneously to buy cryptos at the best prices.

Users can input their strategies or use any of the proprietary templates provided. The bot charges a 2% fee on profits made. You are not charged if your account is not profitable.

For deposits, Bitcode Prime accepts USD, GBP, and EUR through payment methods like debit and credit cards, electronic wallets like Skrill and Neteller, as well as wire transfers. Users can also deposit cryptos like Bitcoin, Ethereum, and Ripple.

Deposits are free but subject to a minimum of $250 or the equivalent in GBP and EUR. Withdrawals are also free and do not have a minimum limit.

Finally, Bitcode Prime has a claimed win rate of 90% and supports about 7 cryptocurrencies.

Pros

  • Portfolio management features

  • No trading fees, deposit fees, or maintenance fees

  • Newbies can get started with proprietary trading strategies

  • Flexible deposit methods and currencies

  • Demo account available for practice

  • Withdrawals processed within 24-48 hours

Cons

  • Not available in the US

  • $250 minimum deposit is high for some retail users

Why We Chose Bitcode Prime

Not everyone is a trader, and Bitcode Prime understands that. Their portfolio management system includes automated portfolio re-balancing and is a great option for investors looking for long-term growth.

3. Bitcoin Code - Best Trading Bot for Trading Purists

Bitcoin code is best known for its success rate of 99.4% and its trade execution speed of 0.01 seconds (a tenth of a tenth of a second). Its success rate is the result of years of market data fed into its machine learning models.

Aside from these features, Bitcoin Code is similar to many other trading bots in the way it provides signals, executes trades, and delivers its services to traders worldwide. Profitable accounts are charged a 2% commission while deposits and withdrawals are completely free. Withdrawals are also instant for electronic wallets.

The platform trades 8 crypto CFDs including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin SV (BSV), USDT, Bitcoin Cash (BCH), and EOS. Deposits are accepted in USD, GBP, and EUR, through bank transfers, credit/debit cards, and electronic wallets. The minimum deposit is $250.

Pros

  • High claimed success rate

  • Fast execution speed

  • Low fees

  • Global reach

Cons

  • Not available to users in the UK and US

  • Associated brokers may charge for trades

Why We Chose Bitcoin Code

Bitcoin Code is a great option for trading purists. Its execution speed is useful for scalpers and in times of high volatility, while its success rate gives traders a boost when trying to beat the market.

4. Bitcoin Prime - Best Bot for Arbitrage Trading

The Bitcoin Prime bot is best known for its ability to connect to multiple exchanges, analyse the prices of cryptos on these exchanges and execute trades that profit from discrepancies.

For example, say Bitcoin is $20,000 on exchange A and $19,900 on exchange B. The Bitcoin prime bot would buy BTC on exchange B and sell it on exchange A, making a $100 profit.

The trading bot also trades crypto CFDs automatically, like other bots, using AI-powered algorithms to spot profitable entry and exit prices.

Bitcoin Prime has a 90% success rate, placing it in the top echelon of trading bots. It accepts deposits in USD, GBP, and EUR through bank transfers, bank cards, and PayPal. Deposits are free but must be at least $250.

Users are not charged trading or account maintenance fees for using the bot. However, they are charged a 2% commission on profits and a 1% withdrawal fee after 10 free monthly withdrawals.

Pros

  • Suitable for arbitrage

  • Manual and automated trading modes are available

  • Demo account available for practice

  • High success rate

Cons

  • A minimum deposit of $250 might be a barrier for some

  • More fees than most competitors

Why We Chose Bitcoin Prime

Bitcoin Prime has several features that make it a worthy choice. The most popular is its ability to automate arbitrage trading, which happens to be as profitable and significantly less risky than regular trading. Regular traders aren’t left out as its success rate places it near the top of all Bitcoin trading bots

5. Bitcoin Bank - Best Trading Bot for Low Fees

Bitcoin Bank’s most prominent, and somewhat hard-to-believe, feature is its fee-free structure. This bot is free to use. It does not charge deposit, withdrawal, trading, or account fees, not even for profitable accounts as is the norm. 

Additionally, it has one of the highest claimed success rates at 99%, placing it as one of the most profitable bots, theoretically. It also has extensive learning materials to help onboard new users.

Despite the plethora of good features, Bitcoin Bank has one significant drawback, it only trades Bitcoin. The robot’s algorithm is uniquely tuned to trade the Bitcoin market alone. 

To deposit funds on the platform, you’ll need either USD, EUR, or SGD sent through an electronic wallet like PayPal or a credit card. Note that the minimum deposit amount is $250.

Bitcoin Bank is available in most major regions asides from the US, UK, and Canada through its partnership with global crypto brokers.

You can use a demo account for practice without depositing the minimum required amount, however, you’ll need to deposit for a live account.

Pros

  • Completely free to use

  • Demo account accessible without deposits

  • Automated trading mode available for new traders

  • Extensive learning materials

Cons

  • Only trades Bitcoin

  • The withdrawal process is reported to be tedious

Why We Chose Bitcoin Bank

Bitcoin Bank is a good choice for users who want the cheapest option available. Don’t let the word cheap fool you as the bot is powerful at a 99% success rate. It also has extensive learning materials, making it ideal for people getting into bot trading for the first time.

6. BitIQ - Best Bot for Day Traders

BitIQ is most popular for its promise of a 25% daily return, an impressive feat even for AI-powered software. However, as far as several online reviews go, the bot delivers on this promise, although not always up to 25%.

The bot owes its ability to achieve a daily return to its algorithm which is sensitive to price changes in smaller time frames, usually between a few seconds to an hour. And thanks to crypto’s volatility, the bot can reap impressive daily profits.

The platform comes with a demo mode that users can test before committing funds. When you are ready to deposit, you can do so by sending USD, EUR, or SGD through a bank transfer, credit card payment, Neteller, or Skrill. Note that the minimum required deposit is $250.

BitIQ is available in major regions asides from the US and UK through their partnership with brokers around the world. These brokers are usually regulated by the Cyprus Securities Exchange Commission.

Finally, BitIQ charges a 2% commission on profits. Asides from this charge, everything else is free, however affiliated brokers may charge you.

Pros

  • Daily profits

  • Active customer support team via phone and email

  • Speedy withdrawals, usually within 24 hours

  • Supports more than 14 cryptos

Cons

  • Not available in the US and UK

  • Customer support only available for active accounts

Why We Chose BitIQ

BitIQ is a good choice for day traders as its algorithm is designed to detect small price changes in low time frames. It can assist traders in finding opportunities to turn a profit daily.

7. Immediate Edge - Best Bot With Global Accessibility

Immediate Edge is a cryptocurrency trading robot with an impressive 99% success rate. However, that is not its most prominent feature. The bot is most popular for being available in more than 150 countries thanks to its partnership with global brokers. Unfortunately, traders in the US and UK are exempt.

Like other bots in its success rate class, Immediate Edge is powered by an algorithm that analyses market data, spots strong trends, and recommends profitable entry and exit points.

In addition to its success rate and availability, the bot possesses a simple intuitive interface that is easy enough for newbies to understand, 24/7 customer support via live chat, and a demo account for practice.

To fund your account, deposit USD, EUR, or HKD through a bank transfer, credit card payment, or PayPal transfer. The minimum required amount is $250. Note that Immediate Edge charges a 2% commission on profits.

Pros

  • Vast broker network for 150 countries

  • Easy deposits through flexible payment channels

  • 24/7 customer support via live chat

  • Transparent fee structure

  • No commission or trading fees

Cons

  • A minimum deposit of $250 may be high for some retailers

  • Limited crypto support, only supports 4 cryptos

Why We Chose Immediate Edge

Immediate Edge is a good choice for traders in regions with financial restrictions or in remote regions where other bots do not offer services.

8. Oil Profit - Best Bot With a Mobile App

Oil Profit is currently the only bot on this list with a mobile app that traders can download and use on the go. While most bots are cross-platform, none have developed a mobile native app.

This bot also stands out in the way it carries out its analysis. Oil profit’s algorithm uses big data models in addition to AI to add more flexibility to the way it analyses the market. This flexibility allows it to switch between three distinct trading modes: fundamental, technical, and news. 

The fundamental mode is useful for users who wish to invest for a considerable amount of time and uses data like supply and demand and network activity. The technical mode combines indicators with price and volume data to make trades, while news trading monitors the effect of important news reports and rides the wave as it starts.

The bot has a demo account for users to test its modes before trading with real cash. When users are ready for a live account, they can deposit USD, GBP, CAD, or EUR through a bank transfer or a credit card payment.

Pros

  • Mobile native app

  • Flexible trading modes

  • Doesn’t charge fees

  • Fully customisable settings 

  • Browser version is also available

Cons

  • Only trades BTC

  • A 48-hour withdrawal period is slower than many other bots

Why We Chose Oil Profit

Oil Profit is made for traders on the go. Its mobile app packs all the power of the 90% success bot into a mobile app that is accessible anywhere.  

9. Quantum AI - Best Bot for Easy Sign Up

Quantum AI is the best bot for “plug and play” action. While most bots claim that their sign-up processes are easy and quick, Quantum AI proves this true with a straightforward signup process. By scrapping KYC requirements, new users breeze through registration and get straight to making money. 

However, the absence of KYC doesn’t mean their platform isn’t secure. The bot relies on regulated third-party brokers and SSL encryption to keep user data and funds safe. Funds are kept with the broker, not with Quantum AI, and the bot integrates with brokers' trading terminals to execute trades. 

Quantum AI has a 90% claimed success rate, high enough to demand recognition. The bot is powered by AI and machine learning models that run through market data to spot strong patterns.

Users can trade 60 CFDs around Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH), either with a free demo account or a live account. Live accounts charge a 0.01% fee on trades and require a $250 initial deposit.

Deposits can be made via bank transfers and credit cards, and accounts are denominated in either USD, GBP, or EUR.

Pros

  • Straight forward sign up process

  • 90% claimed success rate

  • Easy deposits and withdrawals

  • Works with regulated brokers

  • Demo account available

  • Trades other securities like forex and commodities

Cons

  • No KYC may be a red flag to some

  • Limited to 3 cryptos

Why We Chose Quantum AI

Quantum AI is an all-in-one platform that is easy to sign up with. It trades other securities aside from crypto and offers a robust CFD selection.

10. 1K Daily Profit - Best Bot for Security Encryption

1K Daily Profit emphasises the fact that its platform sits behind an AES 256-bit encryption and industry-standard firewalls. Users of this platform can trade knowing that their data is safer than it would be on other platforms.

Aside from tight security, 1K Daily profit brings other desirable features to the table like an 85% claimed success rate, support for 15 cryptos, a network of licensed brokers, and online customer support 24 hours every weekday.

The cryptos supported include BTC, ETH, XRP, DASH, BCH, SHIB, and others. Considering that most bots trade CFDs, not actual cryptos, 1K Daily Profit can pair their cryptos with major fiat currencies, BTC, and ETH to provide several trading pairs.

For users who would rather test before diving in, demo accounts stand ready to be used immediately after registration. However, an initial deposit of $250 is needed to gain access.

To make this deposit, you’ll need to send USD, GBP, or EUR through a bank deposit or credit card payment to your 1K Daily Profit account.

Pros

  • Tight security

  • Wide crypto support

  • Effective customer service

Cons

  • Online support is via the website only, no email or phone support is available

Why We Chose 1K Daily Profit

In the crypto industry, security is the most important consideration. 1K Daily Profit has positioned itself as a security-conscious platform that users can trust with their data.

What are Bitcoin Robots?

Bitcoin trading robots are software that automatically trades Bitcoin (or crypto) on behalf of its users. Their main focus is automation. They abstract away the process of analysing the market by relying on artificial intelligence algorithms to examine the market and use mathematical methods and models to determine good buying and selling points.

With Bitcoin robots, newbies who don’t know much about trading can get started without the time and effort required to learn how to trade while advanced traders can leverage the power of AI-powered computation.

How do Bitcoin Robots Work?

Bitcoin robots use either machine learning algorithms, big data models, or artificial intelligence algorithms to study large price data sets and spot recurring patterns and trends.

While the way they do this may differ, the directive is the same: to spot profitable entry and exit prices and execute profitable trades automatically. Some bots have extra features like portfolio management, fast execution speeds, or arbitrage abilities.

Another feature Bitcoin bots have in common is that they all work with a trading strategy; a set of directives and parameters that manages risk, and sets profit targets, and entry points. If these parameters are properly set, impressive profits could be made.

Trading bots usually connect to third-party brokers to deliver their services to users. They trade cryptos using financial derivatives called contracts for differences (CFDs) that allow the bots to open trades in long and short directions.

These CFDs track the price of cryptos and act as they do, price-wise. With CFDs, bots can trade several pairs by matching them with various fiat currencies. Usually, the CFD pairs are reflections of the spot market. 

A bot’s profitability also depends on its claimed success rate. While these rates are not a guarantee and should be taken with a pinch of salt, the general rule is that bots with higher rates achieve better results.

Finally, Bitcoin robots work with crypto brokers to store user funds and offer their services globally. These brokers always claim to be regulated, usually by the Cyprus Securities Exchange Commission, but it is advisable to double-check to be sure.

Robots never store client funds themselves but direct their users to one of their broker partners who manage client accounts. Most deposits and withdrawals are made to these brokers who may charge fees for their services. So, even if a bot claims to be completely free to use, you may still be charged fees by the affiliated broker.

Pros of Using a Bitcoin Robot

User-Friendly Interface

Bitcoin robots usually have a user interface that is easy for new traders as their developers keep in mind that their product is most attractive to novices. These bots have automated modes that allow newbies to deploy simple strategies and veterans more complex ones

Trade without emotion

Bitcoin robots run on mathematical models that follow logic. When a strategy is set, the bot will execute it as is. Bots aren’t affected by negative sentiments and are not flustered when the market takes a dip. They run on logic, data, and strategy.

Trade faster

Bitcoin robots execute trades within a fraction of a second. They can spot trends and patterns as they begin, can be programmed to respond to the tiniest price changes, and can process huge amounts of data in real time. Trading bots grant speed that humans cannot achieve.

Trade 24/7

Bitcoin robots run 24/7. They don’t tire or become disoriented, so you can run your strategy even while asleep. And because crypto markets are always open, you have more opportunities to make a profit.

Full Customisation

Bitcoin robots are programmable. Advanced users can change their settings to perform specific tasks that may not have been programmed in the automated mode. They can also develop and deploy complex and intricate trading strategies.

Risks of Using a Bitcoin Robot

Market Volatility

Bitcoin robots are sensitive to price changes and this can be negative. For one, they are more prone to flash crashes as they may be programmed to sell below a certain level. During a flash crash, price falls significantly for a very short time (often less than a second), enough time to trigger the bot to sell, often at a loss. While they can be automated, you need to check on them periodically.

Coding Errors

When using bots, you place yourself at the mercy of its developers and are indirectly trusting that they knew what they were doing when coding. A bug in the bot’s programming could spell financial ruin as it could affect risk management policies. As such, newbies are not advised to trade significant funds with bots. Only trade what you are willing to use, no matter how accurate the algorithm is.

Security risk with APIs

While bots do not store your funds, they have access to it. This means that anyone that hacks the bot may not have access to your funds, but they will be able to trade with it as they please. Data breaches may also mean that personal information like your ID and address may be stolen.

Different Types of Automated Bitcoin Robot Trading Strategies

Arbitrage

Arbitrage trading is the buying and selling of the same asset in different markets to profit from price differences usually caused by market inefficiencies. The goal is to find an asset that trades at different prices in two distinct markets, buy it at a low price in one market and immediately sell it at a higher price in the other market, thereby making a profit.

For example, say Bitcoin is $20,000 on exchange A and $19,900 on exchange B. An arbitrage trading strategy would involve buying Bitcoin at $19,900 and immediately selling it at $20,000 for a $100 profit.

Because bots can analyse huge amounts of market data, they can monitor several exchanges simultaneously for price differences in real time.

Arbitrage trading is not as risky as regular trading as the buy and sell prices are known and a bot can execute the trade within a second. However, by selling at a higher price, you are providing liquidity which will inevitably lower the price on exchange B. All things being equal, arbitrage opportunities don’t last long once found.

Momentum Trading

Momentum trading involves profiting from price swings by getting in early as momentum begins to pick up and riding it till its peak. Bots usually calculate momentum by taking price and volume data into account. Momentum is the speed at which price changes and is usually accompanied by an increase in volume.

Momentum usually moves before price, so an increase in momentum indicates that a significant move in price is about to occur. Bots pick up on this, check price trends, and set positions as momentum picks up.

Bots will usually ride the momentum until it detects a slowdown in the speed of price change. If this cool down is accompanied by a drop in trade volume, then the wave or swing may have come to an end and the bot exits the position.

Momentum trading is a popular strategy as it does not involve many predictions, only vigilance to catch waves early.

Market Making

Market-making involves placing both buy and sell orders for a security on an exchange to profit from the bid-ask spread. The bid price is the price a buyer is willing to buy a security while the asking price is the price a seller is willing to sell a security. The spread is the difference between the highest bid price and the lowest sell price, i.e. the difference between the most the buyers are willing to buy and the least the sellers are willing to accept.

By placing orders on both sides, traders can make money from the bid-ask spread. This activity is also encouraged as you would be providing liquidity to the market, making it more efficient and resistant to price shocks. 

This strategy usually requires significant volumes and is used by institutions with large reserves.

Mean Reversion

The mean reversion strategy works on a theory that at each point in time, every asset has a mean price that represents its intrinsic value, usually based on fundamental analysis. The current price of the asset may rise above or fall below this value in the short term due to economic conditions, consumer sentiment and other reasons, but eventually, the price will always return to the mean in the long term. 

For example, say the average price of Bitcoin is $20,000. In a bull market, BTC's price could rise as high as $60,000 due to euphoria and buying pressure. However, it falls back to the $20,000 region because that is its average intrinsic price.

In the example above, the price comes back to the intrinsic average no matter how high it rises above it. The reasons could be sell pressure, a bear market, or a recession but the result remains the same.

Copy Trading

Copy trading is a strategy that relies on the expertise of others. Just as investors listen to analysts with years of experience, copy traders “listen” to and copy the trades of others with more experience and a successful track record.

As the name implies, copy trading involves copying the trades of more experienced traders. This strategy assumes that the person being copied knows what they are doing and also bets that they are not wrong as even the most experienced traders make bad calls.

If they are profitable, you are too. If they lose, so do you.

Key Things to Consider When Choosing a Bitcoin Robot

Cost and fees

Bitcoin bots have various fee structures that depend on their developers. They could charge a small trading fee, a commission on profits, or a withdrawal fee. Some use a combination of any or all three. 

When choosing a Bitcoin robot, ensure that you are comfortable with the fees charged by understanding them first. For example, a 0.01% trading fee may seem small but considering that a bot can execute hundreds of small trades per day, the fees can easily add up.

Alternatively, paying a 2% commission on profits may seem large but considering that you don't get charged for unprofitable trades, the charge may end up costing less than a trading fee.

Accuracy

A robot’s accuracy is measured in its claimed success rate. And while a 90% rate seems enticing, it is often not a guarantee, but rather an upper limit. In some cases, these values are theoretical and are often far above the bot’s actual performance.

Knowing this, a greater emphasis should be placed on the bot’s ability to execute your trading strategy without mistakes. This places a significant amount of power back in your hands as you set the risk management policies, entries, and exit points, and leverage the bot's automation to deploy your strategy.

Deposit and Withdrawal Limits and Methods

The minimum deposit amount for Bitcoin bots is usually $250, based on research into several different robots. There are usually no withdrawal limits although some bots charge a withdrawal fee

The most widely accepted deposit method with Bitcoin bots is credit card payment, followed by bank transfers, and then electronic wallets like Neteller and Skrill. The currencies supported usually include USD, GBP, EUR, CAD, and AUD which are some of the major currencies used globally. Ensure that you can deposit using a supported currency.

Verification System

Most bots require new account users to pass KYC verification by providing a government-issued ID and a proof of address document like a utility bill. Some brokers may also require a source of funds document like a bank statement.

Customer Service

Good services usually have good customer service. The bot’s customer service team should be responsive, courteous, and ready to help with problems. The accessibility of service agents is also important. Agents should be available every weekday.

Affiliated Brokers

Legitimate brokers don’t usually partner with shady businesses, so a partnership between legitimate brokers and bots is usually a good sign that a bot is authentic. However, these brokers must be regulated by a transparent government financial agency.

Availability

Jurisdiction in certain areas usually prevents some services from operating there. Ensure that your bot can operate within your area of residence before signing up.

Security

Most robots use SSL encryption to safeguard their clients’ data. Usually, the more measures and firewalls in place, the lower the chances of a breach. Check online for reviews and anecdotes of past breaches for your chosen bot.

How to Trade With a Bitcoin Robot

Sign up for an account on any of our recommended robots to begin trading. The entire sign-up process shouldn’t take more than a couple of minutes, especially with our top platform, Bitcoin Index AI.

Step 1: Open an account

You’ll need to input information like an email address, a phone number, and your name into the signup form on the robot’s page. Some robots may ask for your birthday based on legal jurisdictions in your area. When you click Signup, you may get a verification email or a phone call depending on the robot. Follow the link or instructions to set up your account.

Step 2: Verify your Account

Most robots have KYC requirements. You’ll need a government-issued ID and a utility bill, so keep them handy when starting. Some brokers require a source of funds document like a bank statement, so keep that with you also to be safe. At this stage, you’ll be assigned a broker. Create an account with them following the steps above.

Step 3: Make a Deposit

The minimum deposit for most bots is $250 through various funding methods like credit cards, bank transfers, and PayPal. Bots do not generally charge deposit fees, but the broker might. Always be aware of brokers’ fees before making a deposit.

Step 4: Set Parameters

Parameters are values and boundaries that streamline the bot’s activities. They include an entry point, exit point, and stop loss. The entry level is the price the bot opens a trade, the exit point is the price the bot closes a winning trade, and the stop loss is the price the bot closes a losing trade.

Step 5: Activate the Robot

After setting your parameters, you can activate the robot either in automatic mode or manual mode where you exert granular control over its activities.

Final Thoughts

Trading bots provide a way for new traders to hit the ground running when getting into the crypto market. They rely on intelligent algorithms that scan the market, analyse price data, give trading signals, and execute trades on your behalf. 

Our top pick for the best Bitcoin robot is Bit Index AI because of its easy-to-use platform, intuitive algorithm that is sensitive to changing market conditions, and business practices, most of which are well within traditional industry standards. 

Most bots partner with brokers to deliver their services globally and store client funds. When choosing a bot, ensure you’re comfortable with its list of brokers as you would work hand-in-hand with them. 

The minimum deposit amount is $250 across the board and while funding methods differ, bank transfers, credit card payments, and electronic wallets like Neteller and Skrill are the more popular options. 

Lastly, customer service is key as it is your lifeline if your account runs into trouble. Some teams work 24/7 while others only work 5 days a week. Reach out to them before signing up to ensure they respond quickly and effectively.

For a list of all the crypto bot reviews, see the robots hub page.

Review Methodology

We review crypto robots by aggregating various tests, reviews, and testimonies across the web, allowing us to give you a balanced view that accounts for multiple perspectives. Check out our ‘why trust us’ and ‘how we test’ pages for more information on our testing process.

We are aware that the internet is full of false testimonies: there are several purported trading robots out there that are, in fact, scams. For this reason, we find it important to compare information from across the internet in our Best Bitcoin Robot guide.

Frequently Asked Questions

Are Bitcoin Robots illegal?

The legality of Bitcoin bots depends on the laws in your geographic region, but they are generally not illegal.

Is a Bitcoin Robot a scam?

While there are many scams out there, not all Bitcoin robots are fake. The ones on our list are legitimate robots.

How much do Bitcoin Robots cost?

A bot’s fees are usually displayed on their website or highlighted in reviews on high-quality sites.

Can Bitcoin Robots be profitable?

Yes. Bitcoin robots can be profitable given the right parameters.

How do I automate Bitcoin trading?

You can automate Bitcoin trading by setting parameters and activating the automatic trading mode. All Bitcoin bots with an automatic mode.

Do normal Bitcoin exchanges have automated trading?

Some Bitcoin exchanges have automated trading functionality.

How much money can you earn with a Bitcoin Robot?

This depends on your capital, risk tolerance, trading strategy, market conditions, and the accuracy of your bot’s algorithm.

Can a crypto trading bot be used by a complete newbie?

Crypto bots are generally geared towards newbies with little trading experience. As such, their interface is usually quite simple to understand and use.