For those who are familiar with trading, especially trading cryptocurrencies, Bitcoin robots are not new, although they are still an unexplored area due to the scams surrounding the concept.
A bitcoin robot is a tool that buys and sells cryptocurrencies on behalf of traders. Trades are executed according to set parameters and tend to be more accurate than manual trades.
While this is not a guaranteed way of making profits, these robots tend to make better and faster trading decisions which offer the opportunity to earn bigger profits.
5 Accurate And Easy-To-Use Crypto Bot Apps
While this is not a guaranteed way of making profits, these robots tend to make better and faster trading decisions which offer the opportunity to earn bigger profits.
1. Cryptohopper – best crypto app 2022
Cryptohopper is a relatively new bot that has shown increasing popularity for various reasons. This is a crypto bot that is cloud based, and which has the ability to trade even when the trader’s PC is off.
Cryptohopper is also user-friendly and easy to use for beginners as well as bots that embed external signalers allowing beginners to allow their bots to trade on autopilot while using the skills associated with these signalers.
This bot also allows more experienced traders to use manual functions which further allows for sales configuration based on several technical indicators.
Cryptohopper also offers traders retesting capabilities, trailing stop losses, and the ability to trade using multiple exchanges.
Additionally, the bot offers a free trial that can be used for a month, after which traders can choose to upgrade to Bunny for $19 per month, Hare for $49 per month, or Kangaroo for $99 per month.
2. 3Commas – best crypto app
Most crypto robots available today allow traders to do what they configure for their bots, but when considering the volatility of the crypto market, traders need to be able to adapt to sudden changes that can occur.
This is where trading robots like 3Commas come in as they have the ability to change market conditions like that. This robot has a unique feature called trailing loss, as well as trailing profit, which makes it possible to set the level of loss and profit.
Bots serve to analyze market conditions and sell coins at the most opportune moment. Thus, this robot ensures that traders receive the maximum return from their investment.
3Commas can be paired with 13 of the most popular cryptocurrency exchanges including Binance, Bittrex, Kucoin, and several others. There are three different plans to choose from with the cheapest starting at $22 a month and the most expensive at $75 a month.
3. Zignaly – top crypto app
Despite being fairly new to the crypto trading bot arena, Zignaly is one of the top picks when it comes to trading bots. However, Zignaly is still in beta stage with a completed version set to roll out soon.
This trading bot allows seamless integration with Trade View and users of this bot have not encountered a single problem in its operation.
TradingView features a Binance compatible API and thus Zignaly can be used to execute various trading strategies directly on Binance.
4. Napbots – crypto app reviews
Napbots is another cloud-based platform powered by Artificial Intelligence, or AI, which mostly democratizes trading techniques that were previously limited and reserved only for hedge funds.
Napbots offers a variety of algorithmic crypto trading bots that are compatible with major exchanges such as Binance, Bitmex, Kraken, and several others. This bot features a user-friendly interface that is easy for beginners to use.
Napbots allows traders to build their own various strategies that allow them to manage their savings and, in addition, allows traders to pilot their trading bots from their smartphones where they can adjust and change their budget allocations.
5. Gunbot – best crypto app to use
This bot offers a variety of built-in strategies including Bollinger Bands, Ping Pong, Step Gain, and several others. Despite the variety of strategies offered, most of the users prefer to use Bollinger Bands because they believe that this is the best way to reap huge profits.
Gunbot is compatible with several major cryptocurrency exchanges including Poloniex, Kraken, Bittrex and others.
When using this bot, traders are advised to keep an eye on their trades. This bot can be configured to handle market volatility, but should be turned off if volatility increases.
There are three plans for Gunbot and their prices range between 0.1 BTC and 0.3 BTC. Traders should note that these prices are subject to change.
Frequently Asked Questions
What is crypto currency?
Cryptocurrencies are decentralized digital currencies or assets. They cannot be issued or controlled by banks, and the only way to obtain them is through mining, trading, exchanging, and buying.
What is a trading bot?
Trading bots are software that works according to algorithms with the aim of trading on behalf of traders with little or no intervention.
Are trading bots safe to use?
Yes. As long as it is legit software from a known and trusted source. There are many scams, and therefore it is important for traders to only use verified software.
Which is the best Crypto robot trader to use?
The trading bots on this list are some of the best on the market and in the industry.