Rising crypto trading bots. Globally, 75% of trade is algorithmic, and crypto is no different. Three years ago, bot trading platforms became more popular. They’ve helped crypto traders design 24/7 trading techniques that can be easily tweaked.
A seasoned trader in traditional financial markets knows that automated bots rule the sector. Top-tier financial institutions conceive, develop, and manage them. The average individual can’t figure out how their algorithms work. Crypto trading bots will soon dominate the risky fledgling market. Each crypto trading bot has perks and cons. Before using a bot, investigate its background.
Intro to Cryptocurrency Trading Bots
Crypto bots are pieces of program code. Most of the time, they will connect to the user’s cryptocurrency exchange account via an API and then execute trades automatically when the market meets their specified criteria.
Notably, the finest crypto trading bots are able to incorporate and understand not only the typical market signals (orders, volume, time, and price), but also technical analysis signals (Ichimoku Cloud, Bollinger Bands, all moving averages, and social media mood).
The needs of the crypto trading community as a whole are met by the availability of a wide range of trading platforms. Some of these bots are tailored toward seasoned traders, allowing them to easily establish sophisticated automated trading methods that can be backtested against real-time and historic data from the cryptocurrency market.
Other crypto trading bots cater to novice traders who are looking to increase their profits without the headache of manual trade execution. Cryptocurrency investors can take advantage of social trading, copy trading, and automated trading based on sophisticated algorithmic tactics on such sites.
Mostly Recommended Trading Bots
By investing in their crypto holdings, investors can profit from the rising popularity of DeFi and the rising value of yield farming. There are various options open to you as a market trader or an investor, each with its own level of risk. We’ve compiled a list of some of the best crypto trading robots of 2023:
1. RoboFi
Robofi is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.
2. Shrimpy
Known simply as “Shrimpy,” Shrimpy.io is a social trading platform and rebalancing tool for digital currencies. It offers a friendly, user-friendly UI with a lot of cool extras, and the support staff is great. This cryptocurrency trading bot allows users to create their own crypto index funds, do automated rebalancing, and imitate trading methods.
Shrimpy presently works with up to 18 of the most popular cryptocurrency exchanges, and more are being added all the time. Its main selling point is the possibility to engage in social trading and copy trades from other users.
3. TradeSanta
TradeSanta is a crypto trading platform that aims to make automated trading in cryptocurrencies more accessible by removing the need for investors to learn how to develop these bots from scratch. The platform has been shown to be ideal for both day trading and swing trading.
The TradeSanta cloud-based cryptocurrency trading platform is excellent for amateur and experienced investors. Since it operates continuously, users need not be online at all times to earn. It may be connected to numerous cryptocurrency exchanges, including Huobi, Binance, and many others, much like the rest of the crypto trading bots.
4. BitsGap
Bitsgap is an automated trading platform for Bitcoin and other cryptocurrencies. Its developers call it an “all-in-one trading automation platform.”
By purchasing Bitsgap, not only do you gain access to the robot’s automatic algorithms, but you also gain a platform that is compatible with more than 15 of the most well-known cryptocurrency exchanges.
If you’re a trader, the Bitsgap Bot gives you the option of using existing strategies or programming your own. The Bot is cloud-based and secure, so there’s no need to download any software to use it.
4. GunBot
Gunbot is a full-featured bitcoin trading bot. Traders with some background in coding will benefit the most from this. If you have any knowledge of programming, you will have a great deal of freedom in creating your bot. As an added bonus, the API may be accessed from Linux, Windows, and macOS computers.
The Gunbot cryptocurrency trading bot has been around since December 2016, making it one of the earliest and most widely used of its kind. There are now over 7,000 people a part of its active trading community, and this number is growing at an exponential rate. Both inexperienced traders and seasoned investors can benefit from using the Gunbot.
5. Cryptohopper
In the world of digital currency, Cryptohopper is the trading platform you need. It is the most widely used service of its kind since it provides a fully featured Bitcoin trading bot platform that is adaptable to traders of all skill levels.
The Strategy Designer on this trading platform allows users to create their own trading strategies, copy the methods of “experts,” or purchase pre-made trading strategies. Up to 30 technical indicators and 90 candlestick patterns are available to traders using the ubiquitous Strategy Designer. Automatically rate, test, and deploy successful trading strategies with Cryptohopper’s built-in backtester.
Bottom Line
Using a crypto trading bot can help traders make calculated decisions and remove the emotional trading that often results in larger losses. However, it is essential to remember that crypto trading bots are merely programs. The investor stands to gain nothing from them, and they may be less effective during times of heightened market volatility.
However, they facilitate the job of traders and investors who would rather not engage in manual trading for extended periods of time. In order to get the finest crypto trading bot for your needs, it is essential to first learn as much as possible about the various options.
About RoboFi
Robofi is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.
About VICS
VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.
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I'm Carina, a passionate crypto trader, analyst, and enthusiast. With years of experience in the thrilling world of cryptocurrency, I have dedicated my time to understanding the complexities and trends of this ever-evolving industry.
Through my expertise, I strive to empower individuals with the knowledge and tools they need to navigate the exciting realm of digital assets. Whether you're a seasoned investor or a curious beginner, I'm here to share valuable insights, practical tips, and comprehensive analyses to help you make informed decisions in the crypto space.
