The 10 Best Crypto Trading Bots in 2024 (Reviewed)
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The 10 Best Crypto Trading Bots in 2024 (Reviewed)
Written by:
Lucas Wyland
Reviewed by:
Mitchell Cookson
Our Editorial Standards:
Our content is designed to educate the 500,000+ crypto investors who use the CoinLedger platform. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn More
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In this guide, we’ll break down the best crypto trading bots on the market! We’ll go into detail about the benefits of each trading bot — and compare them based on key factors like price, key features, and ease of use.
Our Trading Platforms of Choice:
Platform
Price
Key Features
Experience Level
Pionex
Free
0.05% trading fees, DCA crypto buys, Report your taxes with CoinLedger
If you’re looking to try out bot trading for the first time, a free trial with Coinrule is a great place to start. Based in the UK, Coinrule’s focus is making trade strategy design as accessible as possible.
Key Features
Beautiful user interface
Beginner-friendly tutorial section
Build bots using ITTT logic (If-This-Then-That)
Prices
While the free platform is great for beginner investors, advanced traders with complex strategies and high trade volume may want to try the Hobbyist package ($29.99 a month), Trader package ($59.99 a month), or Pro package ($449.99 a month).
Exchanges
10+ exchanges — including Binance, Coinbase, Bitpanda, Kraken
Pionex is an exchange with 16 built-in trading bots — allowing users to automate their trades without needing to check the app! Pionex aggregates liquidity from platforms like Binance and Huobi. Pionex is also a certified CoinLedger partner, and Pionex users can leverage CoinLedger for streamlined tax reporting.
Key Features
Pionex provides 16 free trading bots for retail investors — including DCA Bot, Rebalancing Bot, and Martingale Bot.
Spot and Futures Trading Bots
Demo Mode to practice trading strategies
Prices
Free forever. Pionex also offers low trading fees (0.05%).
Phemex offers futures trading bots and spot trading bots that allow you to take advantage of cryptocurrency’s price fluctuations. The platform also has a Bot Marketplace where users share their bots — allowing you to copy the strategies of the platform’s most successful traders!
Key Features
Automatically execute buy and sell orders for future trading!
Up to 100x leverage on the platform
16 free bots include DCA bot, spot-futures arbitrage bot, and leveraged grid bot
Shrimpy is a portfolio management platform that also provides tools for automated trading. Shrimpy became famous for its auto-rebalancing portfolio tool, but later introduced a tool that allowed users to trade across multiple exchanges.
Key Features
Streamlined UI, strong tutorial section
Backtesting, social trading, and portfolio rebalancing
Strong community on Telegram and Discord
Pricing
Getting started building out your automated portfolio is free. If you want more advanced features and integrations with multiple exchanges, you can pay for Shrimpy’s Standard Plan ($15 a month) or Plus Plan ($39 a month).
Coinigy is a cloud-based cryptocurrency trading platform that connects to more than 40 exchanges.
Key Features
HD charting
24/7 portfolio monitoring
Add your exchange accounts with no additional fees!
Prices
Coinigy offers a free 7-day trial, an $18.66 monthly subscription, and a $99.99 monthly subscription with priority support and Coinigy CryptoFeed® & Enterprise API access.
3Commas is a new contender in the automated trading bot space that uses Dollar Cost Averaging to inform trade decisions. This platform especially stands out for its trailing stop tool. This means that you can take advantage of a sudden price rally because the trailing stop will keep your position open for as long as the price increases. As soon as the price reverses, your position will automatically be closed. 3Commas has also partnered with CoinLedger to bring automated tax reporting to their users.
Key Features
Take Profit, Stop Loss Trailing, and Smart Cover
Charts and Signals from TradingView
Mobile app on App Store and Google Play
Prices
3Commas offers a free version that offers three bots. For additional services, you can get started with a Pro monthly plan for $37 that supports up to 50 trades. For unlimited trades, you can get 3Commas Expert — which costs $79 a month! Prices are slightly lower if you pay annually.
Exchanges
23 exchanges — including Binance, Binance.US, Coinbase Advanced, Kraken, Gemini, Bitfinex, and more!
CryptoHopper is one of the most popular trading bots on the market, and it offers many of the features that a beginner should be looking for: paper trading, backtesting, trailing stop-loss, and a strategy designer tool that makes it easy to customize your trading strategy with the help of over 130 indicators.
Key Features
Paper trading, backtesting, trailing stop-loss, strategy designer tool
Robust tutorial section for beginners
Purchase best strategies/templates from expert traders
Prices
CryptoHopper has 4 pricing tiers. The free tier allows you to use unlimited copy bots that copy the strategies of successful traders, while the higher tiers offer more advanced features and other types of bots.
Pioneer: Free Explorer: $24.16 a month Adventurer: $57.50 a month Hero: $107.50 a month
Exchanges
16 exchanges — including Coinbase Advanced, Binance, Crypto.com, KuCoin, ByBit, Binance.US, Kraken, and more!
TradeSanta is another cloud-based platform that offers a free trial and an affordable Basic plan at $25 a month. The Basic plan allows users to trade with up to 49 bots a month.
Key Features
Beginner-friendly interface
Tutorials and 24/7 support
Build strategies from templates or from scratch
Prices
TradeSanta offers 3 pricing plans: Basic ($25 a month), Advanced ($45 a month), Maximum ($90 a month). Prices are slightly lower if you pay annually.
Kryll.io is one of the best platforms for building your own trading strategies. The platform is easy to use — and even allows you to publish your strategy on the Marketplace and earn commissions from traders!
Key Features
Drag and drop interface to build strategies!
Demo mode to test out trade strategies
Marketplace to buy/sell strategies
Prices
Kryll offers a pay-as-you-go program — prices vary based on your trading volume and how much KRL (the platform’s proprietary token) you hold. Kryll’s website allows you to estimate fees — if you trade 1,000 USD in one day without holding KRL, it’s estimated you’ll pay $0.33 in fees.
Gunbot is a highly customizable trading bot for advanced traders. Gunbot is a server-based bot — which means it requires you to have your server running at all times. While it may be higher maintenance, Gunbot does offer more privacy than cloud-based bots.
Key Features
Highly customizable
Server-based bot with increased privacy
Enthusiastic community that contributes in bug fixes
Prices
$199-499 for lifetime usage
Exchanges
100+
Experience Level
Advanced
What is a trading bot and do you really need to use one?
Automated trading bots use a set of rules that dictate when to buy or sell.
Since the 1980s, bots have been used in the traditional stock market to curate index funds and diversify portfolios. These bots automate the work that investors have historically carried out themselves, which can save crucial time in a fast-paced market.
In recent years, developers have created trading bots that predict price movements, leverage AI Tools, and execute trades based on signals and indicators. These are the most commonly used bots as crypto traders race to beat the market with a winning strategy.
While it’s true that you don’t ‘need’ crypto trading bots to be a successful investor, they can be a useful tool for high-frequency traders.
Features to look for in crypto trading bots and tools
Free Trial
Many of the trading bots in this list offer a free version of the platform. Trying out the platform for yourself is typically the best way to understand if it is right for you.
Social Trading
Following the strategies of successful traders through social trading can help make it easy to earn profits. It’s a great way to learn the ropes of trading bots, and give you ideas to create your own customizable bots.
Backtesting
Backtesting allows you to test trading strategies against historical data to see how your algorithm or trading strategy would have performed under real market conditions. Ideally, you should have access to backtesting features that create the most realistic simulations which means taking into account slippage and latency.
Indices
Many trading tools offer portfolio automation, and it’s important to consider how they create their indices. Unlike with stocks and securities, it’s not possible to maintain a complete index of all coins currently traded in the crypto market. A good trading bot should have educational content that details which coins are sampled in their automated portfolio.
Cloud based vs. Server based
If a trading tool is server-based, you will have to keep your server/computer running at all times to make sure you don’t miss any trades. While running trading software on your own server does require technical know-how, it’s more customizable and typically has higher performance.
Trading Communities
Many of the trading tools on this list have made big investments in community development, while others are more suited for the lone wolf traders. If having a community is important for you, check out the platform on Telegram, Reddit, and/or Discord.
Support & Tutorials
As you consider which trading tools to use, take a look at the educational content and customer service options available on the site. To reach the growing market of new crypto traders, many of the platforms on this list have developed training modules, blogs, and videos to educate their users and provide customer service options through email and live chat!
Crypto Tax Software Integrations
It can be easy to rack up a high number of trades when trading with crypto bots and automated tools. This can make reporting your crypto gains and losses on your taxes challenging.
Crypto tax software like CoinLedger can help. The platform integrates with many of the top trading bots and exchanges to help simplify the tax reporting process.
Before you get started with your automated trading strategy, you should make sure you have a plan for tax reporting.
Cryptocurrency is treated as property by government agencies like the IRS, which means you need to report your capital gains and capital losses from each of your cryptocurrency trades on your yearly tax return.
This can be difficult to do by hand if you have a number of trades across various exchanges. Cryptocurrency tax software like CoinLedger is built to automate all of your crypto tax reporting so you don’t have to do any manual work. Simply connect your exchanges and generate your tax reports with the click of a button.
To help simplify the tax reporting process, CoinLedger has partnered with many of the trading bot providers on this list!
If you want to learn more about how cryptocurrencies are taxed, how to report, and how CoinLedger can automate the process, check out this article here: The Complete Guide To Cryptocurrency Taxes.
This guide breaks down everything you need to know about cryptocurrency taxes, from the high level tax implications to the actual crypto tax forms you need to fill out.
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