When considering the fact that a large number of crypto investors make use of automated crypto bots to enhance their trading strategies, you may just be interested in giving one a try. If you take a look at the market, you’re likely to find that there is a broad range of variety to choose from – which may make it a little more challenging for those who aren’t entirely sure which ones are best.
On the plus side, it may not be too difficult to learn. If you’re interested in finding the top crypto bots, you’ll be glad to hear that we’re here to help with a list of the best automated trading platforms of 2022 so far.
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What Are Crypto Trading Bots
Cryptocurrency trading platforms are tools that can allow an investor to simplify the way they go about their investments. In most cases, a good auto trader will also help to improve their profitability too, which is always an important factor to consider if you’re trying to earn from your crypto investments.
Over time, these tools have evolved drastically. Once upon a time, investors wrote their own scripts for automated trading. Today, numerous platforms have far more capabilities than the original ones, many of which you could use for your own trading needs without any hassle. There are even many that are made for beginners, which can certainly be appealing to newcomers.
How can crypto trading bots help?
To put it simply, these platforms allow everyday investor to automate their crypto trading. The bots can take care of making orders and transactions on your behalf, scanning the market for the best possible trades in next to no time.
With their speed, accuracy and the capabilities of AI today, it’s not hard to see how a good Bitcoin bot can be so useful. Partner this with the fact that there are many out there that are ideal for any experience level and you’ve got something that you just can’t ignore.
There’s a lot more that can help to make these types of tools an excellent choice for crypto investors. From their ability to help significantly reduce risks, to allowing you to automate basic trading tasks and focus on more important things; there’s just so much that a could trading bot can do.
List of the Best Crypto Trading Bots in 2022
If these points sound good to you, you should probably take the time to check out some of the incredible Bitcoin robots that are currently on the market. With all that they have to offer, from faster trades to accurate decision-making, there’s no doubt that a good crypto bot can do a lot for you. Thanks to this, there’s no doubt that you’re going to be interested in the following 6 auto trading platforms:
With all that a site like Bitcode AI has to offer, it’s not hard to see why it’s one of the most well-known platforms on the market. From its 85%+ success rate, to quick and simple sign-up and verification processes; there are several things that make Bitcode AI a fantastic choice for those looking to simplify their crypto investments.
Many will find that Bitcode AI is an ideal choice for beginners. There are quite a few reasons for this, like the user-friendly interface that makes it so easy to use for crypto traders that are just starting out (of course, seasoned traders could stand to benefit from this too). The fact that it automates trading is another factor that many will find enticing.
There are plenty of good reviews of Bitcode AI online, which certainly helps to give you a better idea of the general opinion of this trading tool. Fast withdrawals, a variety of supported digital coins, high leveraging capabilities and much more have all gone toward making Bitcode AI a household name for traders and investors everywhere.
When you also take into consideration that this site has incredibly low commission fees (only asking for 0.01% of your earnings), you simply shouldn’t overlook the potential that it has to offer to your endeavours going forward.
Another platform that has gained a considerable amount of momentum recently is Tesla Coin. Popular for being an overall accurate trading platform, with generally fast withdrawals and an easy-to-use website, there is certainly a lot about it that you may want to take into consideration.
Tesla Coin makes it simple for users to invest in whatever coins they want, with several cryptocurrencies being supported. On this platform, you’ll be able to trade in Bitcoin, Ripple, Ethereum and a variety of other popular coins, which certainly makes it a solid choice for those who are interested in trading some of the top cryptocurrencies and diversifying their portfolio without having to switch between bots.
One thing that has helped Tesla Coin to stand out from some of the other automated software out there is the fact that it has its own cryptocurrency. Simply called TeslaCoin (TES), the platform utilises these tokens to store value in its users’ trading accounts. While TES may be a rather volatile asset at times, it may still be worth taking into consideration, especially with how well the Tesla Coin trading bot has been performing.
Taking advantage of advanced AI, APIs and trading signals, the algorithms of Meta Profit are generally able to help traders to make consistent profits on their cryptocurrency investments. Whether you’re new to the world of cryptocurrency or consider yourself to be an expert, you’re likely to find that Meta Profit is worth looking into.
Most will notice that this particular platform has a variety of great features, from the free demo account to the ability to invest in CFD, alongside a variety of popular cryptocurrencies. There is also the fact that this site is free to use, outside of the 2% commission on profits. Other factors, like KLYC verification, 24 hour withdrawals and plenty of tools and charts to assist you in your trades only make Meta Profit an even more appealing choice.
You’ll also find that starting out isn’t going to be too much of a tall task either, often taking no longer than a few minutes to sign up, which is always a nice bonus. With straightforward registration, you’ll be able to get on with your investments in no time at all.
Anyone out there hoping for a platform that offers plenty of investment options is sure to find that BitIQ is a safe bet. Aside from the number of crypto to crypto trading pairs and crypto to fiat trading pairs, there are many different digital coins that are supported on this website.
Alongside the most notable ones, such as Bitcoin, Ethereum, Ripple and Litecoin (a few examples commonly called ‘stable coins’), there are also plenty of altcoins that you may be interested in, such as Dash, MIOTA and even BinanceCoin. Altogether, there are 14 supported currencies on this site, all of which can be traded against several fiat currencies (including GBP, EUR and USD).
Of course, this isn’t all that makes BitIQ one of the top crypto trading bots on the market. A claimed success rate of 90%, relatively quick withdrawals, a small 2% fee on profits and more make BitIQ a great choice for investors of any skill level. You could even use the demo trading feature to test out different options before putting your money on the line.
Best known for its quick and easy withdrawals, low deposits and not charging any fees, Quantum AI is a platform that’s generally a good choice for most crypto investors. This particular site was designed to help make cryptocurrency trading more accessible to a wider audience, allowing anyone to get involved and potentially earn a profit from these digital assets.
Alongside the factors mentioned above, you’ll be glad to hear that the algorithms of this trading tool are often incredibly accurate, which leads to higher chances of profiting on trades. This is something to look out for in any good trading platform and it’s simply nice to know that you can rely on the artificial intelligence and advanced algorithms of this tool for your investments. All this is simply made better with the lack of fees, great support and much more.
Better yet, you can also invest in crypto through CFDs on this site too, offering further opportunities for those who are interested in purchasing digital coins. While this may not be an important feature for everybody, there are certainly going to be some individuals that will find this to be an excellent way to trade.
There’s no doubt that there is a range of good platforms available (the five listed above being good examples of other tools you may want to consider), but you won’t want to overlook Bitcoin Prime during your search for the best auto bot.
The excellent withdrawal times are simply perfect for those who want to get on with their investments without dealing with long waits. Of course, a claimed 90% success rate and low fees on profits only help to make this platform an even more enticing tool for those looking to make significant gains. You also get up to 10 free withdrawals each month, which isn’t too bad at all when you consider the limitation on some of the other auto trading bots out there.
Not sure about how the site works? Don’t worry, just use the demo trading feature and you’ll find that you can get familiar with the platform in no time, all without having to risk making any mistakes on your investments.
Bitcoin Prime is another excellent choice for those interested in crypto-CFD pairs – with over 70 options for trading between the two.
There are many benefits that come with using these platforms outside of the individual aspects and features of popular platforms. Likewise, some may find that there are also a few downsides that can come with using them, too. For those who want the best from their investments, it’s often worth keeping an open mind and learning about both the good and bad.
With this in mind, here’s a closer look into some of the key pros and cons that you’re likely to experience when using automated trading platforms.
Advantages of using a crypto trading bot
One of the main reasons why so many individuals are choosing to leave the hard work of their cryptocurrency investments to tools utilising artificial intelligence is simply because of the many benefits that doing so can offer. Here are some examples of the advantages that can come with using automated trading platforms:
AI uses logic and data to make its decisions and lacks the common risks that come with ‘emotion-based trading’ (for example, the commonly experienced fear of missing out, FOMO, or forming emotional attachments to investments)
With the ability to execute orders far quicker than any ordinary human could, as well as the ability to multitask, these tools will often take care of all your investment needs without any difficulty (and minimal input)
Using the current market values, as well as historical price movements and data analysis, smart algorithms are often able to predict the most likely outcome and make investments based on this
There’s no doubt that the crypto market is complex, especially for beginners. Most will find that trading can be a time consuming and often baffling experience – but a good auto robot is likely to be able to change all that
Disadvantages of using a crypto trading bot
As you can imagine, even with the variety of good things that can come with using these kinds of tools, there are also sometimes a few downsides too. That being said, it’s plain to see that many people choose to use them regardless, perhaps because of the promise of being able to profit without having to put in anywhere near as much effort.
Either way, here are some of the issues that you should consider before using an automated trading platform:
Most will have a limited amount of cryptocurrencies compared to most big exchanges, so you may have fewer investment opportunities altogether when using a crypto bot
While some are incredibly accurate, the volatility of the crypto market can make it harder for logic-based AI to determine what will happen. While they can often turn a profit, it’s important to remember that they can’t guarantee a win on every trade, purely due to the typically unpredictable nature of these digital assets
Since a robot’s algorithms will be working 24/7, decisions will be made even when you’re not paying attention. This means that, at times, you may come back only to find that you’ve taken some losses on trades that you could have avoided if you’d stopped trading sooner
What to consider when using robots for crypto trading
In most cases, there are going to be a few things that you can consider when trying to choose the ideal automated bot for your needs. Here are just a couple of questions that you may want to find answers to during your search:
Is the site cloud-based or server-based?
Does the platform have a good reputation?
What kinds of cryptocurrencies can you invest in on the site?
Is there anything that looks fishy about the auto bot?
How secure is the website? Will your crypto and data be safe?
Does the platform have backtesting features?
How good is the support on the site? Are there any tutorials?
While these are just a small selection, they are all things that you should aim to be familiar with when trying to find a good platform to entrust with your trading endeavours.
Which tool will be best for you?
As you may have noticed from the platforms mentioned earlier on, there are plenty of factors that can make these kinds of tools beneficial to crypto investors. From the low fees featured, to the range of supported currencies on certain sites; many will offer quite a bit to assist you when making the best possible investments.
The best thing you can do when trying to pick out the right one for your own requirements is to consider what it is you value most in a crypto trading tool. For example, if you’re willing to pay a little extra for a better service, you may be interested in a site that charges fees.
How cryptocurrency trading works
For most people, mining their own coins will be out of the question – and this is why trading is a necessity in the crypto community.
The whole act of trading is mostly reliant on an individual’s ability to predict movements in the crypto market and take advantage of price shifts. It takes both speculation and skill, as well as a healthy amount of luck, to be successful on your trades.
Essentially, to get started, you’ll need to be using a crypto exchange. Sign up and buy some digital coins, then wait for the right time to sell. All of this is only possible due to the fluctuating value of these currencies. While the price of Bitcoin is different from Ether, they’re all susceptible to the same potential to rise and fall – which makes it possible to invest when the price is low and make a profit when it climbs back up.
If you think the asset will continue to rise in value, it might be best to hold on. On the other hand, if you think it could drop sometime soon, it’s going to be best to sell and make a profit before it loses value.
The volatility of the crypto market
Of course, it’s important to understand that this asset is far from easy to predict. It can potentially bring in a significant profit, and at the same time, the odds are just as high that you’ll lose your cash. As a volatile asset, you need to be careful and think wisely before you take any risks that could cost you.
The inherent volatility of these coins is essential to their investment potential. The fact that value can swing wildly both ways means that individuals also have the potential to make a profit far higher than they first thought. It’s always worth considering the pros and cons, as well as taking your options into account before making any moves.
After taking a look at some of the market’s best choices, as well as the key pros, cons and general advice, you should have a better idea of what’s available and whether one of these kinds of tools will be right for you. While researching your options is always a good idea, we hope that this quick introduction to the best auto traders in 2022 will give you a head start on your trading journey.
Are crypto trading bots worth it?
Auto traders can often come in several forms and with everything they can potentially offer, it’s not hard to see why so many people choose to use them. Whether you want to save yourself the time and stress of watching your assets or increase the odds of making a profit, a good automated trading platform will often be worthwhile.
Do crypto bots make money?
Due to the often unpredictable nature of these assets, it can be hard even for the best algorithms to make the right decisions at times, since they work to find the most logical outcome. Even so, they can certainly help an individual to make money – you just need to be aware of the risks that can come with trading.
Does Coinbase allow trading bots?
Yes, Coinbase supports automated crypto tools. While it doesn’t have its own trading bot, it’s not at all hard to connect a third-party one and start earning.