13 Best Crypto Auto Trading Platforms 2024

best crypto auto trading platforms

Auto trading tools remove the guesswork from crypto investments. There are many different options in the market, including crypto bots, copy trading, and strategy builders.

In this guide, we reveal the 13 best crypto auto trading platforms for beginners in 2024. Read on to discover the best automated trading providers for passive crypto investing.

The Best Cryptocurrency Auto Trading Platforms Ranked

The best crypto auto trading platforms are summarized below:

  1. Dash2Trade: Outstanding new auto-trading platform offering a no-code strategy tester, DCA and grid bots, and a dashboard with social and technical analysis. Plans to roll out additional features soon including copy bots, trading signals, and more.
  2. Kryll: User-friendly auto-trading platform offering no-code strategy creation with a drag-and-drop interface. It offers over 280 rentable strategies in its marketplace, advanced trading terminal features, and seamless multi-exchange support. It has a cost-efficient ‘Pay-As-You-Go’ model.
  3. MEXC: A leading crypto exchange offering copy trading tools across thousands of verified traders. No minimum investments are required. Only pay fees when traders make a profit. Average profit-sharing rates of 10-20%. MEXC supports spot trading and leveraged futures up to 200x. The former is commission-free.
  4. OKX: Offers automated crypto bots that trade 24/7. Bots that were designed by OKX are fee-free. An additional 9 million bots are available in the OKX marketplace, created by experienced traders. These come with a profit-sharing fee that averages 10-30%. OKX supports hundreds of cryptocurrencies and there are no minimum investment requirements.
  5. Binance: Choose from over 87,000 auto trading bots with low fees and small investment requirements. Binance bots can trade spot trading pairs and leveraged futures. You can also access copy trading tools across the platform’s most successful traders. All auto tools come with a profit-sharing fee that’s set by the respective provider.
  6. Skilling: A popular CFD trading platform that offers a copy trading tool, Skilling is another beginner-friendly option. There are more than 400 strategies to choose from. You can easily keep tabs on your chosen traders via the Skilling app, available on iOS and Android.
  7. Gate.io: This high-volume trading platform supports thousands of crypto auto bots. These can be filtered by the maximum drawdown, APYs over the prior three months, and other metrics. Gate.io also offers copy trading tools for the spot and futures markets. No minimum account balances are required but KYC is mandatory.
  8. Phemex: A popular crypto exchange with features like automated trading with bots, 300+ spot trading pairs, and up to 100x leverage on futures. It offers the Phemex Token (PT) for various benefits and a unique Phemex Soul Pass (PSP) to track user activities.
  9. 3commas: One of the best auto trading platforms for building a custom bot. 3commas is ideal for automating specific strategies, such as dollar-cost averaging, short-selling, or portfolio rebalancing. No algorithmic experience is needed, meaning 3commas is suited for beginners. 3commas connects to the most popular exchanges via an API.
  10. KuCoin: A huge marketplace that offers over 13 million auto bots. Many bots are designed with high-risk, high-return strategies. This includes 100x leverage bots and those following the Martingale strategy. KuCoin also offers a selection of in-house bots that are free to use. More than 700 cryptocurrencies are supported, making KuCoin ideal for diversification.
  11. Bybit: Copy the most successful crypto derivatives traders with high leverage. Bybit also offers thousands of auto bots with various strategies. No account minimums are required and average profit-sharing fees are just 10%. Bybit supports perpetual, inverse, and delivery futures, plus options.
  12. Cryptohopper: Another popular option when building a custom auto bot is Cryptohopper. It has a simple interface with drag-and-drop tools. This means complete newbies can build and deploy their ideal bot. Over a dozen exchanges are supported via an API connection. Cryptohopper also offers paper trading and backtesting.
  13. eToro: The overall best auto crypto trading platform is eToro. eToro offers copy trading tools, meaning you can automatically replicate an experienced crypto trader. The minimum investment is $200 per trader and no additional fees apply. Alternatively, eToro also offers smart portfolios, which are automatically rebalanced and reweighted based on market conditions.

Reviewing the Top Bitcoin Auto Trading Platforms

We’ll now explain how the best auto trading crypto platforms work, including supported tools, fees, target markets, safety, and much more.

1. Dash2Trade – Best Auto Trading Platform with Social and Technical Analysis

Dash2Trade is a new auto-trading platform with a wide range of powerful tools to help traders succeed in the crypto market. To start, traders can use Dash2Trade’s Dollar Cost Averaging (DCA) and Grid strategy bots to jump straight into the market and start trading on auto-pilot.

Traders can also develop and test their own custom strategy using Dash2Trade’s backtesting tool. This feature requires no coding and enables traders to build strategies with dozens of pre-made and custom-built indicators.

Dash2Trade Dashboard

Strategies can also integrate social metrics, which is perfect for traders interested in auto-trading around crypto presales or trending tokens. The Dash2Trade dashboard includes detailed social analytics that measure mention volume, sentiment, and more.

Dash2Trade is also in the process of rolling out more advanced features such as technicals-based breakout signals and copy trading bots. These features will expand the platform’s capabilities to suit technical traders looking to capitalize on quick movements in crypto majors.

Dash2Trade offers a limited free version. Full access costs $120 per year paid in ETH or $102 per year paid in D2T tokens.

Auto Trading Tools No-code bot editor with drag-and-drop interface
Account Minimums No minimum
Pricing Structure Annual subscription

Pros pros

  • User-friendly strategy backtester with no coding required
  • Advanced social analytics
  • Includes DCA and Grid trading bots
  • Technical signals, with breakout signals soon to come
  • Free version available to try out platform

Cons cons

  • Only supports auto-trading around cryptocurrencies

2. Kryll – Top Auto Trading Platform with an Advanced Trading Terminal

Kryll is an innovative auto-trading platform offering a suite of automated trading tools and strategies. Its standout feature is a no-code bot editor that simplifies strategy creation with a user-friendly drag-and-drop interface, making advanced trading accessible to all skill levels.

The platform has a marketplace with over 280 trading strategies, allowing users to rent from seasoned traders, making it ideal for newcomers looking for proven methods.

Kryll

Moreover, Kryll’s smart trading terminal allows complex trade execution with advanced triggers and risk management options. It integrates with major exchanges like Binance, Kraken, and Crypto.com for comprehensive portfolio management.

The platform operates on a ‘Pay-As-You-Go’ basis, using KRL tokens for transactions offering fee discounts and benefits through its holding program.

Additionally, Kryll promotes teamwork by allowing users to exchange strategies and make money, along with a mobile trading app.

Auto Trading Tools No-code bot editor with drag-and-drop interface
Account Minimums No minimum
Pricing Structure ‘Pay-As-You-Go’ model, pay only for what you use

Pros pros

  • Intuitive no-code strategy editor for easy bot creation.
  • Access to 280+ trading strategies in the marketplace.
  • Smart trading terminal supports advanced trading features.
  • Seamless integration with major exchanges like Binance and Kraken.
  • ‘Pay-As-You-Go’ pricing model, pay only for usage.

Cons cons

  • Reliance on KRL tokens may complicate fee structure understanding.

3. MEXC – Instantly Copy Thousands of Profitable Crypto Traders   

MEXC is also one of the best copy trading platforms for crypto investors. Thousands of experienced traders participate in the program, covering various strategies. This includes everything from day trading and long-term investing to high-frequency trading. MEXC offers a wide range of filters to help find the perfect trader.

This includes the return on investment, historical win rate, and the number of followers. Clicking on a trader reveals additional data points, such as the profit and loss ratio, trade frequency, and the average holding time. MEXC traders choose their own profit-sharing agreement, which averages 10-20%.

MEXC copy trading tool

There is no minimum investment, so traders of all budgets are catered for. MEXC is also a great option for asset diversification. It supports hundreds of spot trading markets, plus leveraged futures. MEXC also offers 0% trading commissions for both market takers and makers. Daily crypto withdrawals of under 20 BTC allow traders to remain anonymous.

Auto Trading Tools Copy trading
Account Minimums No minimum
Pricing Structure Profit-sharing fees are set by each bot provider. Averages 10-20%.

Pros pros

  • Top-rated crypto exchange with copy trading tools
  • Thousands of verified traders can be copied
  • No minimum investment requirements
  • 0% commission on spot trading markets

Cons cons

  • Some crypto traders have aggressive and high-risk strategies
  • Anonymous accounts are only available when depositing crypto

4. OKX – Free and Premium Crypto Auto Trading Bots With Huge Liquidity 

OKX is one of the best crypto auto trading platforms for bots. These are pre-programmed bots that automatically buy and sell crypto based on specific conditions. Unlike copy trading, this means you can auto trade crypto 24 hours per day, 7 days per week. If you’re on a budget, OKX has developed several trading bots itself.

These are offered for free, but you’ll still need to cover trading commissions. That said, the most profitable bots are created by other traders. There are more than 9 million to choose from on the OKX marketplace. Bots can be sorted by the backtested APY, total assets under management, or the number of subscribers.

OKX auto trading bots

Each bot provider charges a profit-sharing fee. This averages 10-30% but expect to pay more for those with the highest returns. After you’ve selected a bot, you can choose your preferred stakes and risk-management metrics. Thereon, you can sit back and allow the bot to trade on your behalf.

Auto Trading Tools Auto trading bots
Account Minimums No minimum
Pricing Structure Profit-sharing fees are set by each bot provider. Averages 10-30%.

Pros pros

  • Trade crypto 24/7 via automated bots
  • OKX-backed bots are free to use
  • More than 9 million bots created by traders
  • Only pay fees when the bot makes a profit
  • Backed by one of the best crypto exchanges

Cons cons

  • Some bot providers charge up to 30%
  • Advertised APYs are based on backtesting results

5. Binance – Thousands of Auto Bots With Over $100 Million Currently Invested 

Not only is Binance the largest crypto exchange for volume but it’s also one of the most popular for auto trading. The Binance platform now hosts over 87,000 crypto bots, developed by third-party traders. Binance claims that over $100 million is currently invested in bots.

Finding a suitable bot is simple when using its filter dashboard. For instance, you choose your preferred crypto, the trading direction (long, natural, short), and the return on investment. You can also choose a bot that specializes in spot trading or leveraged futures. Each bot provider sets a minimum investment and profit-sharing rate.

Binance auto trading bots

That said, the minimum requirement is often just a few dollars. In addition to auto bots, Binance also offers copy trading tools. The specifics work the same in terms of minimums and profit sharing. Hundreds of cryptocurrencies are supported by Binance and your auto trading tools will have access to premium liquidity.

Auto Trading Tools Copy trading and auto trading bots
Account Minimums Minimums are set by each bot provider/copy trader. Often just a few dollars.
Pricing Structure Profit-sharing fees are set by each bot provider/copy trader.

Pros pros

  • Choose from copy trading or automated bots
  • Various crypto trading strategies are supported
  • Auto trade the spot or futures markets
  • Minimum investments are often just a few dollars
  • Backed by the world’s largest exchange for trading volume

Cons cons

6. Skilling – Trade Crypto Passively With Over 400+ Copy Trading Strategies 

Skilling is a popular CFD broker that offers copy trading tools. There are more than 400 trading strategies to choose from, discoverable via user-friendly filters. Traders can be selected based on their past performance, average holding time, maximum drawdown, and much more. Eligible users can also apply leverage when copying traders.

The maximum leverage is 1:50 up to the first $1,000 and 1:5 thereon. Skilling makes it simple to keep tabs on your chosen traders. In addition to web browsers, Skilling is available via an Android and iOS app. Although Skilling offers a safe place to auto trade crypto, fees are much higher than on other platforms.

Skilling auto trading

The platform charges volume fees of up to $10 per trade. Fees are set by the respective copy trader and not Skilling. Copy trading positions are proportioned to the amount invested. The minimum deposit on Skilling is €25 and the platform accepts debit/credit cards and e-wallets.

Auto Trading Tools Copy trading
Account Minimums €25 minimum deposit. Copy trading minimums are set by traders
Pricing Structure Fees for Performance (30%), Volume ($10)

Pros pros

  • Regulated CFD platform offering copy trading tools
  • More than 400 trading strategies to choose from
  • Minimum first-time deposit of just €25
  • Available on web browsers and an Android/iOS app
  • Crypto leverage of up to 1:50 on the first $1,000 invested

Cons cons

  • Variable performance fees of up to 30%

73% of the retail investors lose money when trading with this CFD provider.

7. Gate.io – High-Volume Exchange With Crypto Bots and Copy Trading 

Gate.io is a high-volume crypto exchange with over $2 billion traded in the prior day. It offers three different auto trading tools for crypto investors. First, there are thousands of automated crypto bots, developed by Gate.io users. Plenty of filters are available to help find the ideal bot.

This includes the bot type (e.g. martingale, spot grid), APYs over the prior three months, and the maximum drawdown. You can also filter bots by the preferred crypto pair. Profit-sharing fees apply and these are set by the bot provider. The second option on Gate.io is futures copy trading. You’ll get to mirror the most successful futures traders like-for-like.

Gate.io copy trading

This will appeal to traders who seek high leverage and short-selling capabilities. The third option is also copy trading but in the crypto spot markets. Similar to bots, Gate.io offers many filters to find the perfect copy trader. What’s more, copy traders also set their profit-sharing rates.

Auto Trading Tools Copy trading and auto trading bots
Account Minimums No minimum
Pricing Structure Profit-sharing fees are set by each bot provider/copy trader.

Pros pros

  • Offers copy trading and automated bots
  • No minimum investments on either tool
  • Supports spot trading and leveraged futures
  • Hundreds of crypto pairs are listed
  • Huge trading volumes provide premium liquidity

Cons cons

  • Reduced trading commissions require large monthly volumes
  • Mandatory KYC is required before making a deposit

8. Phemex – Advanced Crypto Trading Platform With Automated Bot Trading

Phemex is an emerging crypto trading platform offering a range of features tailored to beginner and experienced traders. Its auto-trading platform allows users to automate trading strategies using trading bots. This feature benefits those seeking to engage in futures and spot grid trades without constant manual intervention.

It offers a variety of automated trading bots, catering to different market conditions and trading strategies. With over 151,646 global bot traders and earnings crossing $1,124,307, Phemex’s bots are widely used.

Phemex auto trading bots

The platform’s Bot Marketplace is an important feature where users can share and copy trading strategies. It simplifies access to successful trading techniques. While Phemex trading bots are free, standard trading fees based on VIP level apply.

It offers spot trading with over 300 crypto pairs. The platform supports USD and crypto futures contracts with leverage options up to x100 for derivatives.

Phemex’s fee structure includes a 0.1% spot trading fee for both makers and takers. Futures trading involves a 0.01% maker fee and a 0.06% taker fee. The platform doesn’t charge deposit fees and has competitive withdrawal fees, varying depending on the crypto.

Auto Trading Tools Auto trading bots
Account Minimums No mimimum
Pricing Structure Bots are free to use

Pros pros

  • Automated investing via sophisticated crypto bots.
  • Over 300 crypto trading pairs available.
  • Up to 100x leverage on futures.
  • No deposit fees, competitive withdrawal fees.

Cons cons

  • Beginners may find some advanced tools complex to use.

9. 3commas – Build a Custom Auto Bot Without Algorithmic Experience 

3commas is a great option if you want to build a custom trading bot. There are many different features available, all suitable for beginners. This is because 3commas doesn’t require any algorithmic knowledge. Instead, simply set your bot parameters step-by-step. For instance, the bot can automatically rebalance your portfolio, dollar-cost average, or short-sell specific pairs.

The bot will only trade once your pre-defined conditions are triggered by the markets. For example, you might choose to buy Bitcoin when it dips by 3%. Alternatively, the bot could automatically rebalance your portfolio when there’s too much exposure to a certain crypto.

3commas auto trading builder

If you have experience with technical analysis, 3commas is also ideal. It can enter and exit trades based on technical indicators like the 200-day moving average and MACD. 3commas comes with a paper trading facility, so you can test-drive a bot in risk-free funds. It connects with many crypto exchanges via an API, including OKX, Binance, and KuCoin.

Auto Trading Tools Build a custom auto trading bot from scratch
Account Minimums N/A
Pricing Structure N/A

Pros pros

  • Build a custom trading bot based on your preferred strategy
  • No algorithmic experience is needed
  • Multiple strategies are supported
  • Connects with leading exchanges via an API
  • The basic plan costs just $4 per month

Cons cons

  • The backtesting phase can be time-consuming
  • Annual plans only reduce fees by 25%

10. KuCoin – Auto Bots With Leverage and High-Risk Strategies  

If you’re looking for the highest return on investment, KuCoin could be the best crypto auto trading platform. It offers over 13 million auto bots, many of which adopt a high-risk, high-return strategy. For example, there are plenty of bots that trade leveraged futures at 100x.

In addition, KuCoin also offers Martingale bots. These double the investment stake if the bot loses a trade. This keeps happening until the bot secures a winning position. Some KuCoin bots have made several thousand percent in the prior 24 hours alone.

KuCoin trading bots

However, these are high-risk strategies, so ensure you consider the risks. That said, KuCoin also offers lower-risk bots that are aimed at long-term investors. This includes dollar-cost averaging and portfolio rebalancing. Other than the six free bots that were created by KuCoin, all others come with a profit-sharing fee.

Auto Trading Tools Auto trading bots
Account Minimums No minimum
Pricing Structure Bots created by OKX are free to use. Non-OKX bots come with a profit-sharing fee

Pros pros

  • Supports more than 13 million trading bots
  • Ideal for high-risk traders seeking huge returns
  • Bots created by OKX are free to use
  • Supports over 700 cryptocurrencies
  • High leverage limits are available when trading futures

Cons cons

  • High-risk bots can blow through your entire account balance
  • All accounts require KYC verification

11. Bybit – Automatically Copy Crypto Derivative Traders 

Bybit is one of the best crypto auto trading platforms for copying other traders. This popular exchange specializes in crypto derivatives with high leverage. In addition to options, this includes perpetual, inverse, and delivery futures. Thousands of traders can be copied, each focusing on a specific derivatives and trading strategy.

The easiest way to find a suitable trader is via the historical APY. You can then view the trader’s win rate, maximum drawdown, average profit and loss per trade, and average holding time. Once you’ve selected a trader to copy, you’ll only pay fees on profitable positions.

Bybit copy trading tools

This averages just 10%, even with the most successful traders. If you prefer auto trading bots, Bybit is also suitable. It offers various bot strategies, including futures and spot grids, dollar-cost averaging, and the Martingale system. Bots can be backtested before they begin trading with real funds.

Auto Trading Tools Copy trading and auto trading bots
Account Minimums No minimum
Pricing Structure Profit-sharing fees are set by each bot provider/copy trader. This averages 10%.

Pros pros

  • Best crypto auto trading platform for derivatives
  • Copy the most successful derivative traders like-for-like
  • Also offers thousands of auto trading bots
  • Average profit-sharing fee of 10% is reasonable
  • Maximum leverage of 125x

Cons cons

  • Some bots have only been active for a few days
  • Limited filters when searching for a suitable copy trader

12.  Cryptohopper – Develop a Crypto Auto Bot With Drag-and-Drop Tools 

Cryptohopper is another option if you want to build your own custom bot. This enables you to automatically trade crypto pairs based on your preferred strategy, market, and risk settings. Crucially,  Cryptohopper has developed drag-and-drop tools, so the platform is suitable for all skill sets.

In particular,  Cryptohopper is ideal for technical traders. It supports more than 130 indicators, including the Aroon Oscillator and Commodity Channel Index. The bot will place orders when your technical readings are triggered. Cryptohopper bots can be backtested at the click of a button.

Cryptohopper review

You can then make changes accordingly. In terms of pricing, plans range from $0 to $129 per month. Each plan comes with limitations, such as how many bots you can deploy at the same time. The good news is you can easily change plans based on the functionality you need.

Auto Trading Tools Build a custom auto trading bot from scratch
Account Minimums N/A
Pricing Structure N/A

Pros pros

  • Simple interface for building custom bots
  • More than 130 technical indicators are supported
  • Backtesting facilities take seconds to run
  • Also offers a marketplace for pre-built bots

Cons cons

  • The free plan is limited to 20 open positions
  • You’ll need to pay $129 per month for full functionality

13. eToro – Popular Auto Crypto Platform With Copy Trading and Smart Portfolios

Beginners will find that eToro is the best platform for trading crypto automatically, and offers a safe space to trade crypto passively. There are two auto trading tools to choose from. First, there’s the copy trading tool. This automatically replicates an experienced crypto trader.

For instance, suppose the trader buys some of the best altcoins, such as Uniswap, Cardano, and Dogecoin. The same positions will automatically be copied into your eToro account. The amounts are based on your original investment. So, if the trader risks 10% of their portfolio on Shiba Inu, and you invested $1,000, you’ll own $100 worth of SHIB.

eToro copy trading tool

There are thousands of verified traders to choose from, but you’ll need to invest at least $200. The second auto trading option on eToro is smart portfolios. These are longer-term products and are professionally managed. This means eToro automatically rebalances and reweights smart portfolios on your behalf. There are several to choose from, each targeting a specific crypto niche.

Smart portfolios have a higher minimum investment requirement of $500. That being said, no additional fees apply on either product – meaning no profit sharing. Investors only need to cover eToro’s standard trading commission of 1%.

Auto Trading Tools Copy trading and smart portfolios
Account Minimums $200 (copy trading) and $500 (smart portfolios)
Pricing Structure No fees for either auto trading tool. Investors cover the standard trading commission of 1% per slide

Pros pros

Cons cons

  • $500 minimum investment on crypto smart portfolios
  • 1.5% FX fee on non-USD deposits and withdrawals

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

What is Cryptocurrency Auto Trading?

Crypto auto trading allows you to invest in digital assets passively. This is a big draw for many, as crypto trading is a complex battleground. Not only do you need to deal with volatility but researching the markets can be time-consuming. In contrast, auto trading completely automates the investment process.

There are different ways of trading crypto automatically. Some investors like using auto bots. These buy and sell crypto pairs based on pre-defined conditions. A simple example is a bot buying Bitcoin when it drops by 2%. And then selling when it increases by 2%. This strategy allows investors to take advantage of 24/7 volatility.

Although bots can be risky, most are pre-installed with risk-management tools. For instance, they automatically deploy stop-loss and take-profit orders. Another way to automatically trade crypto is copy trading. This means you’ll ‘copy’ an experienced crypto trader like-for-like.

For example, suppose you invest $500 into a trader. The trader allocates 15% of their portfolio to Cardano. Automatically, you’ll buy $75 worth of Cardano, as this is 15% of your $500 investment. Alternatively, some investors prefer building custom bots based on their preferred strategy and risk tolerance. Several platforms offer drag-and-drop tools, so no algorithmic experience is needed.

How to Pick the Best Crypto Auto Trading Platforms for You

If you’re still not sure which platform is right for you, read on. We’ll now explain how to choose the best Bitcoin auto trading tool for your investing goals.

Regulation

Most crypto auto trading platforms are exchanges. Considering many exchanges are unregulated, it’s important to assess safety. For instance, Gate.io, Bybit, and KuCoin have a questionable regulatory framework. What’s more, if one of these exchanges ran into financial issues, there are no consumer protections.

For instance, FINRA requires brokers to keep funds in segregated bank accounts. The FCA has similar rules on client fund segregation.

Supported Auto Trading Tools

Once regulation and safety have been assessed, you can then decide which auto trading tools you want to use.

Here’s a recap of the most popular options:

  • Copy Trading: You’ll automatically copy a successful crypto trader. Anything they buy or sell is copied into your portfolio.
  • Auto Bots: Alternatively, auto bots are pre-programmed algorithms that automatically buy and sell crypto. Trades are only placed when certain conditions have been met.
  • Custom Bots: You can also build a custom bot based on your preferred strategy. Once the bot has been backtested, you can deploy it on a third-party exchange.

Each auto trading option comes with benefits and drawbacks. Make sure you research each independently before making a decision.

Tradable Cryptos

Now that you’ve selected an auto trading tool, you’ll need to research which cryptocurrencies the platform supports. Most platforms support Bitcoin, Ethereum, and other large caps. However, if you’re looking to trade the best low-cap coins, you’ll need to do some digging.

In addition, there are several different ways to trade the same cryptocurrency. This includes traditional spot trading, plus derivatives like perpetual swaps, futures, and options. These metrics should be considered when choosing the best crypto auto trading platform.

Fees

Trading crypto automatically doesn’t need to be an expensive process. However, some platforms charge more than others. So it’s important to know what you’ll need to pay.

  • Copy trading and auto bots usually come with a profit-sharing fee.
  • This averages 10-30%, depending on the provider.
  • This means you’ll lose a chunk of any profits made on your behalf.
  • That said, you won’t be charged for losing positions.

How Profit-Sharing Fees Work

  • When crypto trading with auto tools, most providers have profit-sharing fees.
  • In simple terms, this means you’ll pay a performance fee every time a profitable trade is made on your behalf.
  • For instance, suppose you’re using a crypto bot that charges 10%. The bot enters a $500 position.
  • A few hours later, the position is closed at 5% gains. This means the bot made you $25.
  • The bot keeps $2.50 (10% of $25), leaving you with net gains of $22.50.

Minimum Investments 

The best crypto auto trading platforms do not have a minimum investment requirement. This means you can deposit and invest any amount of your choosing.

eToro copy trading minimum

That said, some providers do stipulate certain minimums. For example, eToro’s copy trading tool requires a minimum investment of $200 per trader. Binance trading bots also come with minimums, but this usually only a few dollars.

Risk Management

Auto trading allows you to take a hands-off approach to crypto. However, the process can be risky. This is why the best Bitcoin auto trading platforms offer risk management tools.

  • You can usually set custom stop-loss limits.
  • For instance, you might not want to lose more than 10% on any trade.
  • Should a trade decline by 10%, the platform will close it automatically.

This is the case even if the auto trading tool kept the position open.

Payment Methods

You’ll need a funded account when using an auto trading platform. Not only to fund your crypto trades but also to pay fees.

These platforms are regulated brokers, so they directly accept fiat payments. If you’re happy to deposit crypto, you can use a traditional exchange like Binance.

Customer Service

Top-notch customer service should be offered by your chosen auto trading platform. Live chat is the best contact method, but this isn’t always available.

Even if it is, long waiting times are often required, considering some platforms have millions of active users. You can test this out by sending a message and seeing how long it takes to receive a reply.

User Experience 

Although crypto auto trading offers a passive investing experience, not all platforms offer a user-friendly experience.

Opening an account, depositing funds, and choosing an auto trading tool should be a simple process. Keeping track of your profits and losses should also be seamless.

Is Cryptocurrency Auto Trading Legal?

No countries have regulations banning auto trading tools. That said, you’ll need to consider the legalities of crypto trading in general. For example, some countries have outlawed all forms of crypto trading, including China.

Other countries ban specific types of crypto trading. For example, the FCA prohibits UK retail clients from trading crypto derivatives. This means UK traders won’t be able to use an auto tool that invests in perpetual swaps, futures, or options. Similarly, the CFTC only allows US clients to trade crypto futures with regulated providers.

With this in mind, it’s important to evaluate crypto trading laws in your country of residence. If crypto trading is legal, then so will auto tools like copy trading and bots.

Conclusion

In summary, we’ve revealed the best ways to auto trade crypto and which platforms should be considered. Dash2Trade is the standout provider, considering its unique no-code strategy editor for easy strategy creation. It also has a smart trading terminal that supports advanced trading features.

References

FAQs

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Kane Pepi

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…