This page dives into the best crypto trading bots on the market today. It details what each one brings to the table, their pros and cons, and then touches on what trading bots are, how they work, different trading strategies, and what to consider when choosing a bot.
Crypto robots are becoming popular as a growing portion of all crypto trading is becoming automated. The market that never sleeps is a suitable environment for traders to wield tools that enable them to stay in control of their trades even when they are asleep.
New trading bots constantly emerge with claims of superior algorithms and promises to make their users incredible gains. Choosing a crypto trading bot can be a daunting task as the wrong choice could spell financial loss.
Looking for a quick answer? Here are our top 3 recommended crypto trading bots to use for automated buying and selling of cryptocurrency.
Bit Index AI
0.01% per trade
2% on profits
1K Daily Profit
Considering the vast variety of crypto trading bots available in the market today, it can be very difficult to decide which ones deliver in all aspects. This guide will help to shortlist some of the best crypto trading bots in business today, along with their benefits and features.
Bit Index AI is a crypto trading bot built to automate trading by analyzing the market in real time, producing trading signals, and executing profitable sub-second trades. It is powered by an AI algorithm that uses components of market movement like volume and price to carry out analyses.
The trading bot stands out in its customer service and low fees. Customer support is available 24/7 and in real time via live chat and email. Bit Index AI also charges minimal fees as there are no deposit or withdrawal fees. However, a 0.01% fee is charged on trading.
Deposits are straightforward as several major payment channels like bank transfers, credit cards, and PayPal are supported. The minimum deposit on the platform is $250, however, no minimum withdrawal limit is imposed.
News users can test the platform using a demo account before trying with real cash. Bit Index works with brokers around the world to offer their services. When signing up for an account, you will be assigned a broker.
Bit Index AI has a claimed success rate of 85%. This means that it trades successfully 85 times out of a hundred. And when it comes to availability, the bot is accessible to users in a variety of countries where crypto CFD trading is legal. Read our full Bit Index AI review.
High claimed success rate of 85%
No deposit or withdrawal charge
Positive independent reviews
Easy deposit methods
High minimum deposit
Not the highest success claim rate among its competition
The Bitcode Prime trading bot helps traders and investors automate their trading and investment strategies. It is suitable for newbies and more traditional investors because It uses an AI algorithm to manage portfolios.
Users simply input their trading strategies and investment parameters and the bot works to execute and maintain the conditions. Investors will find it useful for tasks like portfolio rebalancing.
Despite its portfolio management functionality, Bitcode Prime stands out in its proprietary strategies that investors can take advantage of. Newbies without investment experience can simply opt for and benefit from an already-made strategy.
For deposits, Bitcode Prime accepts debit and credit cards, bank and wire transfers, and electronic wallets like PayPal and Neteller. Users can deposit USD, GBP, EUR, and supported cryptos like Bitcoin, Ethereum, and Ripple.
Deposits are free but subject to a minimum of 250USD/GBP/EUR. Withdrawals are also free and do not have a minimum limit.
Finally, Bitcode Prime has a claimed win rate of 90%, supports about 7 cryptocurrencies and charges a 2% fee on profits.
Cloud-based software, usable on any modern browser
Free deposits and withdrawals
Newbies can get started with proprietary trading strategies
Flexible deposit methods and currencies
Demo account available for practice
Portfolio management features
Not available in the US
$250 minimum deposit is high for some retail users
Bitcoin Code has the same underlying features as other bots like an algorithm that reads market data, analyses the relationships between components like price and volume, and marks out optimal buy and sell points.
However, the bot stands out from others in two categories: its claimed success rate of around 99.4% and its trade execution speed, which is around a tenth of a second (i.e., 0.01 second).
Its success rate alludes to the fact that its algorithm has been trained with years of market data while its execution speed is because of its sophisticated software.
Bitcoin Code is also known for its generous fee structure. It charges a 2% commission on profits while keeping deposits and withdrawals completely free. Withdrawals are also instant for certain methods like electronic wallets.
Traders have access to 8 crypto CFDs when using the bot. These cryptos include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Bitcoin SV (BSV), USDT, EOS, and USDT.
Deposits are accepted in USD, GBP, and EUR, from payment channels such as bank transfers, credit/debit cards, and electronic wallets, but are limited to a minimum limit of $250.
Bitcoin Code works with several brokers worldwide to deliver their services locally to people in various geographical regions. Read our full Bitcoin Code review.
High claimed success rate
Fast execution speed
$250 minimum deposit too expensive for some
Associated brokers may charge for trades
The Bitcoin Prime bot leverages machine learning algorithms to study market data, spot patterns and trends and determine favorable entry and exit levels. It then relays trade instructions to a connected broker to execute trades.
The trading bot also scans several bitcoin exchanges when buying crypto to get the best price possible, making it suitable for the arbitrage trading strategy. Traders can develop a custom trading strategy by setting their entry, exit, and stop loss parameters. However, the stop loss is enforced by an affiliated broker.
Accounts on the platform come with an affiliated broker. These brokers are regular crypto brokers that integrate the Bitcoin Prime bot into their MT4 trading terminal. Traders deposit funds to the broker and allow the bot to trade with those funds.
Bitcoin Prime has a 90% success rate according to independent reviews. Deposits are free and flexible as the platform accepts USD, GBP, and EUR through bank transfers, credit/debit cards, and electronic wallets like PayPal.
Traders do not pay any trading, subscription, or maintenance fees for using Bitcoin Prime. They are, however, charged a 2% fee for profits and a 1% fee for withdrawals above the 10th one in one month. Read our full Bitcoin Prime review.
Great for arbitrage
Manual and automated trading modes available for new and seasoned traders
Customer service is available 24/7 via live chat
A minimum deposit of $250 might be a barrier for some
Bitcoin Bank is a Bitcoin-only bot that leverages machine learning algorithms to analyze prices, spot trading patterns, and execute profitable trades with little human oversight. It can be used as a source of crypto signals or as an automatic trader.
The bot’s most popular feature is the 99% claimed success rate, a high number even among automated trading software thanks to its complex algorithm that adapts to changing market conditions.
Aside from sophisticated software, Bitcoin Bank comes with video tutorials that help newbies get started, a demo account for novices to practice with and seasoned traders to use to refine their strategies, an automatic mode for non-traders to rely on, and a manual mode for experienced traders to exert granular control over their trades.
To begin using the bot, you’ll need to create an account using your full name, email address, and phone number. After registration, you must pass KYC by submitting a government-issued ID and proof of address documents like a utility bill or bank statement.
Bitcoin Bank partners with several brokers worldwide to deliver their service. You’ll have the option of choosing between their list of brokers within your region. Ensure that you research these brokers before signing up.
When your account has been created, you’ll be required to deposit a minimum of €250 or USD if you live in the United States. You can use the demo account without a deposit, but you won’t be able to use a live account.
You can deposit using PayPal or a bank card and withdraw using the same methods. Withdrawals take roughly 24 hours.
Using Bitcoin Bank is completely free as they do not charge deposit, withdrawal, or trading fees. However, their broker partner may charge you fees so ensure you are aware of the fee structure of any broker you choose.
Demo account available
Automated trading mode available for new traders
No trading, withdrawal, or maintenance fees
Customer service is available 24/7 via live chat and email
The withdrawal process is reported to be tedious
Only trades Bitcoin
BitIQ is a trading bot popular for its claim of making its users 25% profit per day. And while we could not determine the reliability of this claim, reviews show that users find this bot profitable.
It runs on a sophisticated AI algorithm that scans market prices, compares them across exchanges, spots strong patterns, and outputs signals for profitable trades. Newbie traders can rely on these signals to make money.
The platform comes with customizable settings. This feature may not appeal to newbies as they rely on the bot to execute trades on their behalf. However, advanced traders may want more control over the bot’s processes. With the manual mode, seasoned traders can take a more active role in the bot’s operations.
A demo account is also available for practice. New traders can use it to get accustomed to the platform and test new trading strategies while advanced traders can polish their strategies.
To start using BitIQ, create an account using your name, email address, and phone number. After creating an account, submit KYC documents like a government ID and a utility bill. At this point, you will be assigned a broker to deposit your funds to.
These brokers offer the trading terminals that BitIQ connects to and are usually regulated by the Cyprus Securities Exchange Commission (CySEC), however, ensure that they are before depositing funds.
Deposits are straightforward with payment channels like bank transfers, credit and debit cards, Neteller, and Skrill available depending on your geographical location.
BitIQ charges a 2% commission on profitable accounts. They claim that this charge does not apply if the account hasn’t made any profits. They do not charge trading fees, account management fees, or deposit and withdrawal fees.
Withdrawals are processed within 24 hours
Fully customizable trading settings
25% daily profit claim
Phone and email support are available
Support for more cryptos than most of its competitors
Customer support only available for active accounts
25% profit claims unfounded
Immediate Edge is a cryptocurrency trading robot that scans crypto markets and exchanges for price data, spots profitable trading opportunities, outputs signals that traders can use, and executes trading instructions on behalf of its users.
The bot is powered by an algorithm that processes sizable amounts of data instantaneously, uses indicators to determine whether a trend is reversing or continuing, and executes trades at incredible speeds. Once set up, the trading bot works 24/7 to scan real-time price data and spot opportunities as they happen.
While the bot possesses key features that make it attractive to users like a simple interface that anyone can use, 24/7 customer support via live chat, and a high 99% success rate, its most defining feature is its availability. Immediate Edge is available to traders in more than 150 countries thanks to its partnership with several brokers in key geographical regions.
Users who sign up get a broker in their region that can better serve them well. These brokers offer several deposit methods like PayPal, bank transfers, and credit cards which can also be used for withdrawals.
To begin using Immediate Edge, create an account using an email address and your phone number. You can then pass KYC by submitting a verifiable ID and a bank statement or utility bill that clearly shows your address.
After verifying your account, you’ll be paired with a broker who will receive your deposits. The minimum deposit is $250. You will not be able to use a live or demo account without a deposit.
Once done with the setup, you’ll need to develop a trading strategy that gives the bot parameters like entry levels, exit levels, and stop losses. Trading strategies are set up only once, after which the bot handles the analysis, trading, and profit-taking.
When you’re ready to withdraw, simply fill out a withdrawal form. Withdrawals are usually processed within 24 hours and come with a 2% charge on profitable accounts. Read our full Immediate Edge review.
Vast broker network for 150 countries
24/7 customer support via live chat
Secure verification process
Easy deposits through flexible payment channels
A minimum deposit of $250 may be high for some retailers
Must deposit before using the demo account
Limited crypto support
Oil Profit is a crypto trading app that trades Bitcoin on behalf of its users. It runs on an AI-powered algorithm that processes and assimilates market data, spots profitable trade opportunities, and creates signals its users can use to make a profit.
The bot stands out from its competitors in the way its algorithm works. Oil Profit’s algorithm is enhanced by big data that makes it able to switch between three trading modes: technical-based trading, fundamental-based trading, and news-based trading. Users can choose whichever mode works well for them while investors can choose the fundamental mode to help manage their portfolio.
Another way Oil Profit stands out is its mobile app. Most crypto trading bots are browser-based software that connects to the MT4 trading terminal. Oil Profit, on the other hand, has both a mobile version and a browser-based application.
Some other key features include a demo account for practicing and refining trading strategies, a fee-free structure that does not charge maintenance, trading, or deposit fees, customizable settings that allow traders to tweak how their bot works, and a 90% success rate.
To get started, create an account using your full name, email address, and phone number. A verification email should be sent to you to submit KYC documents like an ID card and a utility bill that clearly shows your home address.
You will then be assigned a broker which you will use to access the bot. At this point, you may use the demo account as you wish but must deposit a minimum of $250 to access the live account. And if you run into any trouble, their customer service team is available 24/7 via email.
Custom trading modes that cater to both investors, traders, and speculators
Fee-free structure, although brokers may charge
Mobile app for easy on-the-go trading
Fully customizable settings
The demo account is not locked by the deposit requirement
Not very popular, lacks sufficient testimonials
Only trades BTC
Quantum AI is a trading bot that leverages AI and machine learning algorithms to parse market data, analyze it, determine strong trends, produce valuable trade signals, and execute profitable trades.
It stands out from most other crypto trading bots in its versatility. Quantum AI can be used to trade currency pairs, commodities, and stocks. Its algorithm allows it to adapt to changing market conditions as it views market data as discrete variables that have specific relationships with each other.
Once it locks onto the relationship i.e. the price pattern or trend, it can predict where the price will move based on the movement of other variables like volume, and momentum. This unique feature places its success rate at 90%.
Although the bot is flexible in the type of assets it can trade, it only trades 3 crypto assets, namely Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). However, these three cryptos serve as the basis for up to 60 CFD pairs.
To sign up, fill out the form on the home screen with your full name, email address, and phone number. Quantum AI does not have a tedious KYC process, but the brokers they partner with may require ID and proof of address documents.
After creating an account, you may deposit funds. A minimum of $250 is required to get the bot up and running and a demo account is available for practice whether or not you deposit funds.
When you’re done trading, fill out the withdrawal form and wait 24 hours for your transaction to be processed.
Quantum charges a 0.01% commission on every trade. It does not charge deposit, withdrawal, maintenance, or inactivity fees. Read our full Quantum AI review.
Its versatile algorithm can trade multiple types of assets
No tedious KYC process
Straightforward deposit via bank transfer and bank cards
Speedy withdrawal process
Limited to three cryptos
1K Daily Profit leverages AI technology to scan market data, uncover strong correlations between variables like price and volume, and predict potentially profitable trades based on these relationships.
Traders can set the bot to automatically execute trades or use the signals created to take the trades themselves. Either way, the bot helps traders increase their profitability and spot opportunities that they may not have seen.
The trading platform stands out from its peers in its security features. The bot claims to use AES 256-bit SSL encryption to secure user data. It also has the widest multi-currency support with over 15 cryptocurrencies including BTC, ETH, XRP, DASH, BCH, and SHIB.
Signing up is pretty straightforward. Fill in your name, email address, and phone number on the signup page, then verify your account using an ID and proof-of-address document like a utility bill.
After verification, you’ll be assigned a broker. 1K Daily Profits claims that all its brokers are CySEC-regulated, but you should double-check to be sure. These broker accounts will store your funds and manage your risk.
To begin trading, you’ll need to deposit funds into your broker account. You can do so by bank transfers or credit cards, however, there is a minimum requirement of $250. Once your account is funded, you may use the demo account for practice or jump straight to live trades.
If you run into a snag in any of the steps above, the customer service team is available to help 25 hours a day, 5 days a week. Read our full 1K Daily Profit Review.
AES 256-bit data encryption
Straightforward signup process
Supports more than 15 cryptos
Several negative reviews on Trustpilot about the bot being a scam
Customer service is through online forms
A crypto trading bot is a program that analyses crypto prices, spots market trends, and executes trades on behalf of its users. These activities usually happen automatically and largely without supervision.
These Cryptocurrency bots are usually powered by an AI algorithm or machine learning model which is used to identify profitable market conditions. When the current conditions are similar to the preprogrammed profitable model, the bot executes trades.
More advanced bots can automatically adapt to changing conditions and use technical indicators to determine whether or not a trade will be profitable in real-time. If the algorithm determines it is, the bot executes the trade, usually in a fraction of a second.
Trading bots, like Immediate Granimator, take emotion out of the equation, allowing traders to follow set principles to increase profits and manage risks.
Trading bots analyze price data, social media sentiment, and other market data points to understand what is happening in the market. It applies indicators, which are mathematical formulas, to output signals that either signify a market change or a continuation.
It then executed trades that were most mathematically probable to be profitable based on insights obtained from its analysis.
The real catch with trading bots is that it does all the analysis and trades automatically. Once you give it a direction to go, vis-a-vis your trading strategy, it will run with the parameters you set continuously until you stop or alter it.
These bots usually come as an application that connects to the popular MT4 trading platform and as such partners with several of the crypto brokers to offer its services. When signing up, users may need to create an account with an affiliated broker.
There are a number of different crypto trading bots with each one suited to specific roles. Here are the best-known and most-used types of crypto trading robots:
Conventional and AI crypto trading bots do the same thing on a fundamental level; however, how they do it differs vastly.
The first thing to understand is that conventional bots have varying complexity. Some bots work off simple buy and sell commands; a good example is Grid bots on crypto exchanges.
However, some conventional bots work off more complex strategies and are trained to look for specific patterns in the market; 3 Commas, for example. Many algorithmic trading bots are technically conventional bots at a highly complex level.
AI crypto trading bots, however, integrate artificial intelligence to adapt to changing market conditions. With AI bots, the algorithms learn and become more efficient as time goes on.
Cryptocurrency trading bots follow a set of rules, parameters, or directive that tells them what market conditions are favorable and what to do when it spots that circumstance. These rules are called trading strategies and you’ll need to develop one before using the bot.
Below are some trading strategies you can use today:
Momentum trading involves using the strength of price movements to determine entry and exit points. The basis of this strategy is that during swings, the price starts slowly and gradually picks up speed until it reaches a plateau and begins to slow down.
The bot is programmed to detect growing momentum in the general market direction, buy close to the start of the movement, ride the wave until it begins to lose steam, and then sell.
A physical representation of the momentum movement would be a sinusoidal wave where the bot buys at the end of the previous trough and sells at the peak.
Arbitrage strategy involves profiting from market inefficiencies reflected as a difference in the price of the same asset in separate markets. For example, Bitcoin could be $20,000 on one exchange and $20,020 on another.
In this case, a trader could buy BTC for $20,000 on exchange A and sell it for $20,020 on exchange B, making a $20 profit. However, looking through exchanges for price inefficiencies can be tiresome.
A crypto arbitrage bot could constantly keep track of the prices of various assets across multiple exchanges in real time. When it spots price inefficiency in an asset, it can automatically buy the asset at a lower price and sell it at a higher price.
The mean reversion strategy assumes that the price of an asset will always come back to its average value after movements away from it in either direction. For example, if the average price of Bitcoin is $22,000, buyers will be willing to buy if its current price falls to $19,000. Also, buyers will be more likely to sell if the price rises to $28,000.
In both cases, buyer sentiment will bring the price back down or up to the average price. The calculations for the average price can be coded into the bot so it keeps an eye on the average price of crypto at all times and buys or sells depending on the current price.
The market-making strategy involves placing buy and sell orders for the same asset simultaneously in an attempt to profit from the bid-ask spread. For example, if Bitcoin’s highest bid price was $20,000 and the lowest sell price was $20,020, the bot would buy BTC for $20,000 and sell for $20,020, earning a $20 profit.
Using this strategy may require a significant amount of funds to generate reasonable profits. Whales, institutions, and cash-rich players usually use this strategy.
Using a tool like a cryptocurrency trading bot for trading cryptocurrencies is considered completely legal in most jurisdictions. However, while the trading bot works like a driver for your trades, you are still considered responsible for its activity. Hence, using any kind of pump-and-dump bot is strictly against the rules.
In this regard, please remember that any activity that can be considered illegal in standard trading circumstances will be considered illegal in the domain of crypto trading too.
To pick a legitimate crypto bot, you should check if it’s affiliated with one or more regulated crypto brokers. The trading platform should ideally have been approved/certified by bodies like CySEC (Cyprus Securities and Exchange Commission), ASIC (Australian Securities and Investments Commission), FCA (Financial Conduct Authority), etc. Being featured regularly on well-known media platforms as well as crypto-related forums is also a good indicator of legitimacy.
Please be aware that crypto trading bots are nothing more than software programs. Hence, even though they are reportedly used regularly by a great multitude of crypto traders, there are no guarantees of profit.
There are also multiple risks associated with such bots and automated trading platforms. It’s important to keep in mind that these tools are geared more towards traders and not investors. However, you can still make them work well for you in generating a passive income if you know how to configure them properly.
Considering the trading volumes they are engaged in, hackers are always trying to target trading bots. Therefore, select a trading bot that is backed by a legitimate and credible team known for its security measures.
The reliability of a cryptocurrency trading bot is very critical to its profit-making ability. It should enable you to continue trading 24/7. You must check independent reviews and ensure that the bot doesn’t suffer from frequent glitches.
Most bots have a minimum deposit requirement. Ensure that it is within your range of affordability. Also, find out how long withdrawals take and if there are minimum withdrawal limits.
Before signing up with a bot, ensure it offers services to people in your geographical area. Also, check whether or not it trades the underlying crypto or just the CFD. If it only trades the CFD, ensure retail traders are legally allowed to trade CFDs in your area.
Claimed success rates should not be taken at face value as many of them are best-case scenarios. However, the bot should be able to consistently generate reasonable profits.
Most traders, irrespective of how seasoned they may be, prefer bots that have an intuitive interface, and suit their expertise level. In essence, it should fall in line with your trading strategies and the customization level you require.
While some crypto trading bots can be used freely, others can have a significant price tag attached to them. It is generally observed that a paid-for bot provides better service and superior features. Having said that, you must always ensure that you are getting the complete worth of your investment. Some bots will offer free trials.
Different bots charge different trading fees, always check. Those trading bots that work on top of major cryptocurrency exchanges may also have additional fees from the exchange.
Another important consideration is the customer support accompanying the trading bot. You should check how its updates are rolled out and if bugs are resolved in a timely and efficient way. Ideally, the tool should also come with its training modules and videos to help new users.
To open an account, you’ll first need basic information like an email address, a phone number, and your name. When you click Continue, you may be asked to input your birthday as the law only allows legal adults to access certain services. Some bots work with crypto brokers so you may also be directed to open an account with one of them.
In keeping with the law, you’ll need to pass KYC verification by submitting documents that verify your ID and where you live. A government-issued ID and proof of address documents like a bank statement or utility bill should be sufficient. Depending on the bot provider, you may also be asked for proof of funds like a bank statement.
Next, you’ll need to deposit funds into the trading account with your broker. Most of the bots on our list support various funding methods like credit cards, bank transfers, and PayPal. Also, the consensus on the minimum deposit is $250/€250. Most bots do not charge a deposit fee, however, refer to our comparison table above to be sure.
On a fundamental level, developing a trading strategy means setting trade parameters like entry levels, exit levels, and stop losses. The entry-level is the price you want the bot to enter a trade. The exit level is the price you want the bot to exit a winning trade, while the stop loss is the price you want the bot to close a losing trade.
As you become more proficient, you’ll be able to develop more sophisticated strategies that use complex indicators.
This step is more of a support. After the bot has executed your trade, you can monitor it to ensure it executes trades as you want it to and that your strategy is profitable.
Trading bots provide a level playing ground for retail traders to compete in the volatile and increasingly automated crypto market. They are powered by AI and machine learning algorithms that scan market data, spot patterns and relationships and make predictions based on these relationships.
Most bots come as web-based browser applications that connect to an MT4 trading terminal offered by a broker. As such, they partner with global brokers to offer their services to users around the world.
To get started, visit the website of a bot of your choice and sign up using your full name, email address, and phone number. Some bots may ask you to verify your identity and address, an ID and utility bill should be sufficient.
Always check your bot’s minimum deposit requirement before signing up, usually around $250 for most bots we came across, and their supported payment methods. If it all sits well with you, go ahead and deposit.
Bots usually come with customer service teams that help with any trouble you may run into. Some teams work 24/7 while others only work 5 days a week.
Firstly, we tested and traded each Bitcoin robot bot in different market conditions and at different times of the day. This was so we could both quantitatively and qualitatively assess each robot’s profit-making capabilities.
To achieve our results and make the selection of our top picks, we trialed each crypto robot in isolation and across a number of different timeframes. To get accurate results faster we chose lower timeframes including the five-minute and one-minute price charts. This provided us with more rapid and relevant feedback than we would otherwise have got running the bots on anything above the 30-minute timeframe.
Having done this, we then compared the results to assess where each of the Bitcoin bot’s strengths and weaknesses lay. In total, we tested more than 20 crypto trading robots to find our top 10 best crypto trading bot picks.
Check out our why trust us and how we test pages for more information on our testing process.