Bitcoin and Cryptocurrency are the names that are dragging attention of all kinds of people from all over the world. But most of them are not skilled enough to start investing and do trading. Yet still they keep on looking for opportunities to enter the world of Bitcoin and other Cryptocurrencies.

Bot trading is a predominant name we hear frequently in the world of Bitcoin and Cryptocurrencies. In recent times, trading with Bots has become the gateway of the crypto world. Both beginners and existing traders are investing huge amounts in crypto through bot trading.

Bot trading easies and automates the trading functioning of investors and gives them enough time to make strategic decisions. Nowadays, lots of teams provide paid and free crypto trading bots for Bitcoin and other cryptocurrency. It’s a hassle for a crypto trader to choose between these services

Why use a Crypto trading bot?

Bots can effectively execute many functions like rebalancing, portfolio management, data collection, smart order routing, etc.

Repetitive Tasks

In the process of trading humans need to complete a no of repetitive tasks that consume a lot of time and effort. But with the help of a crypto trading bot, which allows you to virtually “copy and paste' those specific tasks and makes your trading easy. One of the best ways where bots can help with repetition is in periodic rebalances.

Timing

Knowing the right time to trade is the key factor that influences your trading portfolio. Every single trade that you make can have an enormous impact on your potential earning. If you were to do this manually, you need to have a lot of patience and have to carefully observe the price chart which eventually consumes a lot of time. And even then, you may not be able to pull the trigger at the right time.

But in the case of bot, bot can be easily programmed to monitor the market and execute a trade at the right time.

Become Smart and wise

A successful trader is the one who manages to do each trading with careful determination after calculating the timing, asset quantity, and trading price. Things might look pretty easy to understand. However, the execution of this trading might become nearly impossible. This is just one of the many examples of the several complexities that individuals face while trading.

Trading bots are the best and useful tools to automate these complicated and seemingly impossible strategies with ease.

#1 Botsfolio

Botsfolio comes with highly advanced and powerful automated trading systems, which made Botsfolio a leading crypto trading bots platform in a short time.

Botsfolio, with its highly advanced AI technology gives you the perfect risk assessment analysis and then recommends the best crypto investment strategies that you can automate with ease Botsfolio comes with well designed and highly accurate trading strategies that makes it easy for the user to trade crypto without any coding or trading skills.

#2 Quadency

A smarter way to trade and manage your crypto

Best part of Quadency is the backtesting feature, it allows a trader to customize a trading strategy using historical data. It helps a trader to generate good results and analyze risk and profitability before risking any actual capital. The trader would be able to input (or change) the lengths of the two moving averages used in the system.

#3 Bitsgap

Bitsgap is best known for its unique automated trading bot but you need to be good at trading to configure it. Bitsgap algorithm is designed to maximize profit from buying low and selling high each time the price swings. Automated bots have all the risk-control features like Stop-loss, Trailing UP, Take profit, and several exit strategies.

#4 TradeSanta

TradeSanta is one platform with many opportunities. It can be used on eight main exchanges like Binance, HitBTC, Bitfinex etc Grid Bot is one of the major bot that comes with TradeSanta, however Pionex and BitUniverse have already provided the same feature for free, so if you’re here for grid bot, I don’t see it necessary to purchase the package. But if you’re here for other features, then you can evaluate the feature by yourself.

#5 3Commas

3Commas is one of the most famous crypto trading bots.Even it comes on #5 it is one of the smart trading terminals and auto trading bot of the list because the UI is more for a professional trader. As their users become more and more professional, they turn their product development for pro users. So if you’re a professional trader already, then you should try 3Commas.

It's not recommended for beginners.