Top 10 Crypto Auto Trading Platforms

eToro is a well-liked site for crypto auto trading and provides a secure environment for beginners to trade passively. There are two options available for auto trading tools. The copy trading tool comes first. This mimics a seasoned cryptocurrency trader automatically.

You may select from thousands of certified traders, but you must put down a minimum of $200. Innovative portfolios are the second auto trading option available on eToro. These are carefully managed, longer-term goods. In other words, eToro automatically reweights and rebalances innovative portfolios on your behalf. There are several options available, each focusing on a particular cryptocurrency specialty.

A $500 minimum investment is required for smart portfolios. Nevertheless, neither product has extra costs, so there is no profit sharing.

3Commas offers a wide range of functions that are all appropriate for novices. This is so because 3commas doesn’t need an understanding of algorithms. Just configure your crypto auto trading bot’s settings step-by-step instead. The bot may automatically adjust your portfolio’s dollar-cost average or short-sell particular pairings.

3commas is a great option if you have technical analysis skills. It can start and exit trades using technical indicators such as the MACD and 200-day moving average. With the paper trading feature that 3commas offers, you may test-drive a bot with risk-free money. It has API connections with several cryptocurrency exchanges, such as OKX, Binance, and KuCoin.

OKX is among the top crypto trading bot platforms. These are pre-programmed bots that, under certain circumstances, purchase and sell cryptocurrency automatically. This implies that you may auto-trade cryptocurrency seven days a week, 24 hours a day, unlike with copy trading. If money is tight, OKX has created a number of trading bots on its own.

These auto trading bots are provided without charge, but trading commissions must still be paid. That being said, other traders produce the most lucrative bots. The OKX marketplace offers over 9 million selection options. The number of subscribers, the total funds under management, or the backtested APY may all be used to sort bots.

Each bot provider charges profit-sharing, which is an average of 10–30%. However, if you want the maximum profits, be prepared to spend more. Once you’ve chosen a bot, you may specify your preferred stakes and risk-management parameters. After that, you may relax and let the bot make trades for you.

One of the most significant crypto auto trading platforms is Bybit. This well-known exchange specializes in highly leveraged cryptocurrency derivatives. It includes delivery, inverse, and perpetual futures, as well as options. It is possible to copy thousands of traders, each specializing in a specific derivative and trading approach.

Using the historical APY is the simplest method of locating a suitable trader. Next, you may see the trader’s average holding time, average profit and loss per trade, maximum drawdown, and success rate. You will only be charged for lucrative trader copying positions once you have chosen one. Bybit is another option if you’d instead use auto-trading bots. It provides a range of bot tactics, including the Martingale method, dollar-cost averaging, and futures and spot grids. Bots can be tested in the past before trading real money.

The Gemini crypto auto trading platform offers backtesting options. Backtesting is the practice of an investor looking to the past for guidance on future investment strategies. This approach allows you to examine the viability of a trading plan based on prior performance using historical market data. After that, you may automate that strategy instead of speculating and perhaps losing money.

The algorithmic approach used by Gemini executes predetermined orders without considering market fluctuations. Cryptocurrency exchanges are also starting to allow users to utilize trading bots. Gemini’s algorithmic trading solution may assist traders in reaching their objectives far more quickly and error-free. It will a better option compared to trading manually or using analog instruments. Gemini’s computer-managed systems let you trade many accounts and strategies simultaneously. It promptly finds possibilities for profit and loss through market scanning.

One of Bitget’s most important benefits is the ability to automate your trading strategy. The exchange offers a variety of crypto auto trading tools. These tools may carry out deals on your behalf according to preset specifications. Bitget’s trading bots are engineered to capitalize on market fluctuations. By automating your trading tactics, you may profit from market fluctuations. It happens even when you are not watching the markets.

Bitget provides trading bots for grid trading, trend trading, and market-making. Each bot has distinct characteristics and skills, so you may select the one that most closely matches your trading style. Bitget’s grid trading bot is intended to profit from market volatility. It purchases and sells assets within a fixed price range. The bot lets you profit from price fluctuations within the range by placing buy and sell orders at predetermined intervals.

Bitget’s market-making bot helps create market liquidity by placing orders at predetermined prices. The bot automatically modifies the prices of its orders in response to market changes. Bitget’s trend trading bot recognizes market patterns and places trades in response to such trends. The bot uses technical analysis to find market trends and make trades based on such patterns.

The Bitget Academy provides various learning resources. It includes courses, videos, and articles. The academy covers a variety of subjects like trading psychology and risk management. The trial platform is an excellent method to experiment with different trading tactics.

KuCoin could be the most fantastic crypto auto trading platform if you want the most return on your investment. More than 13 million auto bots are available, and many use a high-risk, high-reward approach. For instance, many bots trade 100x leveraged futures.

Furthermore, KuCoin provides Martingale bots. If the bot loses a transaction, the investment stake increases twofold. This continues until the bot establishes a winning position. KuCoin also offers longer-term investors lower-risk bots. This covers portfolio rebalancing and dollar-cost averaging. All bots, except the six KuCoin-created free ones, have a profit-sharing charge.

WunderTrading is a well-known platform that enables users to execute crypto auto trading positions. You can manage portfolios across several exchanges. It now supports fifteen biggest cryptocurrency exchanges, such as OKX, Gemini, and Binance. Users may develop, test, and apply trading strategies within a predetermined timeframe. Based on indications, the bots can automatically purchase or sell assets, assisting traders in mitigating volatility.

Moreover, investors may program their automated trading bots to replicate and apply the tactics of profitable traders. Users can manually place orders at linked exchanges using a TradingView-powered terminal. Customers can use credit or debit cards to purchase cryptocurrency.

In terms of volume, Binance is highly favored for crypto auto trading. 87,000 cryptocurrency bots created by independent traders are hosted on the Binance platform. According to Binance, bot investments presently exceed $100 million.

Using its filter panel makes finding a suitable bot easy. You may select the return on investment, the trading orientation and your favorite cryptocurrency. A bot that focuses on leveraged futures or spot trading is another option that is available to you. Each bot supplier determines the minimum investment and profit-sharing ratio.

Binance has copy trading capabilities in addition to auto bots. When it comes to minimums and profit sharing, the details operate similarly. Binance supports hundreds of coins and will provide your auto trading tools access to premium liquidity.

More than $2 billion worth of cryptocurrency was exchanged on Gate.io. It is a high-volume platform that provides three distinct crypto auto trading for investors. First, users of Gate.io have created hundreds of automated cryptocurrency bots. There are several filters to choose from while looking for the perfect bot.

This comprises the bot type (spot grid, martingale, etc.), the maximum drawdown, and the APYs over the previous three months. Bots can also be filtered based on your favorite crypto pair. Fees for profit-sharing are applicable, and the bot provider sets them. Futures copy trading is available on Gate.io as the second option. You can replicate the strategies of the most profitable futures traders.

Traders looking for high leverage and short-selling possibilities may find this appealing. Copy trading is the third option; however, it occurs on cryptocurrency spot markets. Like bots, Gate.io provides a variety of criteria to help locate the ideal copy trader. Additionally, copy traders determine the rates at which they split profits.

Many myths exist about automated cryptocurrency trading. The process of employing computer programs purchase and sell digital currencies on one’s behalf is known as automated crypto trading. These computer programs are designed to respond to shifts in the market so that trade can be done at the best time. Additionally, the element of unpredictability and emotion associated with manually purchasing and selling cryptocurrencies is eliminated with automated crypto trading.

Most automated cryptocurrency trading platforms are still APIs. Some crypto bots use smart contracts and run directly on the blockchain. APIs let your account talk to a cryptocurrency exchange. So, it may open and liquidate positions on your behalf based on predefined criteria.

One of the numerous benefits of automated Bitcoin trading over manual trading is the ability of bots to operate nonstop. They will always stick to their strategy and take note of any emerging events or market trends as soon as they occur.

Grid crypto auto trading or arbitrage is often the most widely used. Grid trading is centered on the “buy low, sell high” strategy, whereas arbitrage bots exploit price variations among exchanges.

In addition to trading, users can purchase cryptocurrency at discounted prices and keep it automatically. The user is in charge of selecting the cryptocurrency they choose with the help of a bot.

Four General Steps in Auto Trading

Data analysis: In today’s technologically advanced world, data is necessary for success. Software with machine learning capabilities can complete data mining jobs more quickly than a person. 

Signal generation: After the data analysis, a bot completes the trader’s job. It forecasts market movements and spots potential trades. To do so, the bot uses technical analysis indicators and market data.

Risk allocation: The bot decides how to divide risk among several investments. It uses predefined guidelines that the trader specifies. Typically, these guidelines define the amount and method of capital invested during trading.

Execution: The buy and sell orders generated by the signals are transmitted to the exchange using its API.

Bots trade cryptocurrencies, but they also engage other markets. They trade bonds, stocks, and foreign exchange. Decision-making by bots is quicker than by humans. Additionally, they can maintain their trading plan even in tumultuous markets.

Computer programs are used in bot and algorithmic trading to execute trades on financial markets. But, there are some significant distinctions between auto trading and bot trading.

Bot trading uses pre-programmed software to conduct transactions automatically on the trader’s behalf. This is usually done in response to pre-established triggers or rules. Bot trading might involve utilizing technical indicators to spot trends and guide trading choices, or it can involve purchasing or selling a particular asset when it hits a given price or trading volume. Individual traders and retail investors who utilize bots to automate their trading strategies are frequently linked to bot trading.

On the other hand, the term “algorithmic trading” usually refers to the process of making trading choices and carrying out deals on financial markets using sophisticated mathematical models and algorithms. Large institutional investors and expert traders often create and employ these algorithms. They are typically more intricate and intelligent than bot trading, and they consider various market data, including news, past price movements, and other variables. They are also applied more broadly, with quicker judgments and more sophistication.

Therefore, bot trading is a subset of algorithmic trading; both employ automation to conduct deals, albeit bot trading is often easier. Simply put, algorithmic trading refers to strategies that can be backtested using historical data since they adhere to an algorithm. Nevertheless, it is still possible to carry it out manually by manually inputting orders. This is furthered by automated trading, where executions are entirely automated.

Using a trading bot is not unlawful in any jurisdiction where cryptocurrency trading is allowed. In the conventional financial industry, bot usage is widespread and subject to strict regulations. Machines now carry out many stock deals; the same is true for trading cryptocurrencies. A trading bot is essentially an automated trading system that eliminates the need for human transaction execution.

While some cryptocurrency bots use dubious methods that can be seen as immoral or illegal, others are obvious frauds. Examples include pump-and-dump schemes and referring customers to unlicensed brokers who could take your money and never provide a service. These bots may operate beyond the law.

You need to consider the following criteria to select the best platform for your intention:

Availability of market and company data: Every trading algorithm responds to real-time price quotations and market data. Specific algorithms may also be tailored to consider fundamental company statistics, such as P/E ratios and earnings. A firm data stream and a real-time market data feed are essential for any algorithmic trading platform. It should be readily integrated from other sources or provided as a built-in system feature.

Connectivity to various markets: When working across several markets, traders should know that different exchanges may send their data feeds in other formats, such as TCP/IP, Multicast, or FIX. Your software should support different format feeds.

An additional choice is to use third-party data providers like Bloomberg and Reuters, which compile market data from several exchanges and offer it to end users in a standard format. The algorithmic trading program ought to process these aggregated feeds as necessary.

Latency: This is the most crucial element in algorithmic trading. The temporal lag that results from moving data points from one application to another is called latency. Think about the following series of actions. A price quote from the exchange takes 0.2 seconds to travel to the data center (DC) of your software vendor; from there, it takes 0.3 seconds to your trading screen; your trading software takes 0.1 seconds to process the quote it received; it then takes 0.3 seconds to analyze and execute a trade; finally, it takes 0.2 seconds for your trade order to travel to your broker and 0.3 seconds for your broker to route it to the exchange.

Configurability and customization: The majority of algorithmic trading software offers standard built-in trade algorithms. A trader might want to experiment with the 100-day MA before switching to the 20-day MA.

If the program doesn’t allow for this kind of parameter change, the trader can be limited by the fixed functionality that is already there. The crypto auto trading software must be very configurable and customizable, regardless of whether it is being built or bought.

Functionality to write custom programs: Writing trading software is often done in one of the following programming languages: MatLab, Python, C++, Java, or Perl. Most trading software from independent sellers allows you to create bespoke programs inside it. This enables a trader to test out any trading idea and explore. The best software allows you to code in whatever programming language you choose.

Backtesting feature on historical data: A trading strategy is tested using past data in a backtesting simulation. Based on historical data, it evaluates the strategy’s viability and profitability and certifies its success (or failure or any necessary adjustments). The availability of historical data that may be used for backtesting must go hand in hand with this essential feature.

Integration with trading interface: When the appropriate parameters are met, transactions are automatically placed using algorithmic trading software. The software must be able to connect to the broker’s network or directly to the exchange to issue trade orders.

Plug-n-Play integration: A trader may use Matlab software for trend analysis, a broker’s terminal for trade placement, and a Bloomberg terminal for price analysis simultaneously. The algorithmic trading program should have simple plug-and-play integration and accessible APIs across such widely used trading tools, depending on each user’s specific demands. This guarantees integration and scalability.

Platform-independent programming:  Certain programming languages require specific platforms. For instance, some C++ versions might only function on a limited number of operating systems, yet Perl might be compatible with all of them. Platform-independent trading software and trading software that supports platform-independent languages should be prioritized when developing or purchasing trading software. You never know how things will change in your trade after a few months.

Selecting the best crypto auto trading platform is a complicated procedure that must consider your unique requirements and preferences. You can confidently traverse the options jungle by establishing your trading goals, evaluating essential features, and prioritizing security, risk management, and customization.

Remember that there is never a perfect Crypto Tool for Research, Trading, and Analysis. So, you need to be flexible and alert. Review your plans frequently, monitor how things work, and be prepared to make changes as the market develops. You may use algorithms to improve your trading experience and even reach new heights of success in the fast-paced financial world.