Automated trading bots for cryptocurrency transactions are widely used within the Bitcoin ecosystem as not every trader can allocate the time to constantly monitor charts and manually execute trades. Most crypto users view their Bitcoins as a means of generating passive income while they carry out their normal daily tasks, regularly using trading bots to make short, medium, or long-term purchases and sales.
Cryptocurrency Trading Bot
Automatic trading bots for cryptocurrency are software tools used to create and execute automatic trading strategies for crypto currencies. These bots are integrated with an exchange account and carry out buy and sell operations automatically based on a specific strategy. They can be beneficial for investors who want to trade regularly and disciplinedly based on a particular strategy. Bots perform trading transactions by analyzing markets according to programmed algorithms. The principle of these bots is to trade automatically when certain predetermined conditions occur. These conditions can include factors determined using technical analysis methods such as the price of a particular cryptocurrency or the values indicated by a particular indicator or indicator.
Automatic trading bots, instead of continuously monitoring markets, instantly act when the conditions they are programmed occur. This allows for quick and accurate decisions about market movements. However, when using automatic trading bots for cryptocurrency trading, it is important to determine a correct strategy and set up the bots properly. Also, there is no guarantee that bots will always be successful, and it should not be forgotten that markets can always show unpredictable fluctuations.
Best Crypto Trading Bots
To clarify this widely curious topic in the crypto world, we wanted to make a list of the best and most used automatic buying-selling (trading) bots. However, remember that your experiences with these bots may not resemble ours or those of other users, because many factors (market, prices, big news, different coins, different parameters and algorithms, etc.) seriously affect the results of these bots.
TraderWagon
TraderWagon is a social trading platform that bridges the gap between experienced and novice investors. If you are new to crypto trading or don’t have time to monitor the markets, TraderWagon allows you to discover, follow, and copy trades made by the best investors from around the world. If you become a member of TraderWagon through this link, you can take advantage of a lifetime discount.
TraderWagon also allows you to do Social Trading. The idea of Social Trading is simple: automatically copy the real-time crypto transactions of experienced and profitable investors. As can be seen in the screenshot below, the percentages of profit (ROI) and the profit-loss status (PNL) can be seen in the last 30 days. For example, it can be seen that the user named Tsin9 has made a profit of 354% from his buying-selling transactions in the last 30 days. TraderWagon platform, supported by Binance, shows the trading results of investors based on evidence through Binance-supported transaction data.
On TraderWagon, there are two types of users, Leader Investors and Copy Investors. Leader Investors are investors who manage portfolios and allow other investors to follow and copy their portfolio. Copy Investors are investors who follow and copy the transactions of Leader Investors. It is possible to earn by copying the buying-selling strategies of successful investors on TraderWagon.
3Commas
With 3Commas, which is prepared to be used simply, automatic transactions can be made on the selected pairs. You can design your own bot without software knowledge. It is known as one of the best bots in terms of price/performance. You can access daily performances through reports and develop your strategies.
TradeSanta
Founded in 2018, TradeSanta allows 24/7 trading. The system allows you to try popular buying-selling strategies. So far, close to 20,000 traders have chosen this service, and so far, around 700,000 transactions have been made. TradeSanta supports Binance, Bittrex, Bitfinex, and HitBTC and also has Android and iOS apps.
Entering Bitcoin and Cryptocurrencies
You can safely use the Binance platform to enter Bitcoin and other cryptocurrencies. Binance stands out with low commission fee, and the highest trading volume in the world and is the most popular crypto currency platform in recent times.
