Bitcoin robots allow investors to trade cryptocurrencies 24/7 without doing any of the legwork. This is because Bitcoin robots trade on behalf of investors, usually via pre-defined algorithms.
In this guide, we compare the 13 best Bitcoin robots for 2023. Read on to discover the most reputable cryptocurrency trading bots with proven results and competitive pricing.
What is a Crypto Robot?
In a nutshell, crypto robots allow investors to trade passively. They offer an automated way to buy and sell cryptocurrencies, appealing to beginners and time-starved investors. There are many different types of crypto robots in the market.
For example, some offer a completely autonomous service. Users simply need to connect their robot to a crypto exchange, and it will begin trading immediately. Other providers offer a semi-automated robot service. This requires the user to set up their own robot parameters.
- For instance, the user might program the robot to buy Ethereum whenever its 24-hour trading volume increases by 20%.
- Or, the robot might short-sell Bitcoin if the RSI reading goes above 75.
The possibilities are endless.
Either way, crypto robots can operate 24 hours per day, 7 days per week. They do not suffer from trading emotions and only follow the conditions they have been programmed to meet.
As attractive as they sound, not all crypto robots are created equal. While some have the potential to make money, others do the exact opposite. This is why research and backtesting are important when choosing the best crypto robot.
How do Bitcoin Trading Bots Work?
Using a Bitcoin robot means that investors will need to trust in its performance. In other words, the Bitcoin robot will trade real money on behalf of investors.
Therefore, it’s important to have a firm grasp of how Bitcoin robots work before getting started.
First and foremost, Bitcoin robots operate on a series of predefined conditions. In simple terms, the Bitcoin robot is programmed to follow instructions. It cannot ‘think’ or make decisions like humans. Instead, it buys and sells cryptocurrencies based on its underlying algorithm.
This comes with both pros and cons. For example, suppose the robot is trained to buy Bitcoin every time it goes above the 50-day moving average. While this can be profitable, the Bitcoin robot has no knowledge of real-world events.
For instance, the SEC might make a negative announcement concerning Bitcoin regulation. This robot will not base any of its trading decisions on the news, as it’s only programmed to focus on the 50-day moving average. This is why it’s important to keep tabs on crypto-related news when using an automated robot.
Once the Bitcoin robot has been activated, it will scan the cryptocurrency markets around the clock. In theory, this allows investors to trade the markets 24 hours per day.
The robot will constantly look for trading opportunities, based on its predefined conditions. There are no limits to its capabilities, meaning it can utilize dozens of technical indicators simultaneously.
However, it’s not as simple as it sounds. There is every chance the robot goes on a prolonged losing run, meaning the investor wakes up to a depleted balance.
Custom and Prebuilt Strategies
There are several ways that Bitcoin robots can be programmed. Beginners will usually choose a Bitcoin robot that comes with prebuilt strategies. This means the investor simply needs to activate the robot, and it will begin trading.
Alternatively, some investors prefer to build their own Bitcoin robot. This does not require any technical or programming knowledge, as some platforms offer a simple drag-and-drop service. This option will suit investors that already have a proven trading strategy but want to deploy it passively.
Bitcoin robots need a way to place buy and sell orders. Most Bitcoin robots connect to crypto exchanges via an API. For instance, Binance, KuCoin, or Bitstamp.
Alternatively, some Bitcoin robots come as desktop software. In this instance, the investor will need to import the file into a third-party trading platform like MT4. Then, the investor will connect MT4 to a crypto brokerage.
Then there are Bitcoin robots like the Learn2Trade Algo. This scrapes real-time signals from the group. Then, the signals are traded automatically via a Cornix API.
We explain how to connect and deploy Bitcoin trading robots late in this guide.
Stakes and Risk Management
Investors will need to set some parameters before deploying their Bitcoin robot. At the forefront of this is the amount of money the robot should risk in each position. The safest option is to use the 1% rule. This means the robot will never trade with more than 1% of the user’s account balance.
Additionally, users should also set up stop-loss conditions. Once again, 1% is a suitable parameter. This means that if the robot places a trade and it declines by 1%, it will close the position immediately. And hence, investors are protected from having their entire account balance depleted.
The best Bitcoin robots can take many years to develop. As such, providers charge fees to use their robots. Some Bitcoin robots charge a one-off fee. This means that the investor can use the Bitcoin robot for as long as they want, without any additional charges.
That said, we much prefer Bitcoin robots that charge a monthly subscription. The reason for this is simple; it motivates the developer to constantly tweak, adjust, and improve the Bitcoin robot.
In contrast, those charging a one-off fee have no motivation to keep the Bitcoin robot updated.
Reviewing the Top Crypto Trading Robots
It is crucial to conduct due diligence when searching for the best Bitcoin robot.
- Investors should consider past performance and whether this information can be verified.
- Additionally, consider how much risk the robot takes, what fees it charges, and which cryptocurrencies it can trade.
Below, we cover the above metrics and more by reviewing the 12 best Bitcoin robots for 2023.
1. Quantum AI – Overall Best Bitcoin Robot Automating Trades for the Customer
Quantum AI is a cryptocurrency trading software that automatically makes new trades on behalf of the user. With Quantum AI, users can apparently trade some of the top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Cardano (ADA), and BNB (BNB).
To get started with Quantum AI, investors must make a minimum deposit of $250. According to the platform, bank transfers and credit/debit cards are the supported fiat deposit methods. Once the funds are deposited, the machine learning application starts analyzing the markets to determine the next investment.
The platform utilizes different tools, such as technical indicators and uses price charts to study the crypto space. While we cannot confirm the claim, Quantum AI states that it has an estimated success rate of 90%.
The platform can be accessed via desktops, laptops, and on mobile applications. A straightforward platform to use, investors can create an account in only a few minutes without needing to complete complex KYC (Know Your Customer) requirements. The platform also states that investors can start trading through the demo account.
A demo account comes pre-loaded with virtual funds and allows traders to initiate new trades without risking any funds. This is one way to check out the available platform features without losing any money.
The platform also claims to support investors by offering 24/7 customer support. While there are rumors that influential celebrities such as Elon Musk have played a role in creating the platform, there is no evidence to confirm these claims.
2. Learn2Trade Algo – Top Bitcoin Robot Backed by a Reputable Trading Signals Platform
We found that Learn2Trade Algo is backed by Learn2Trade, an established and reputable forex and crypto signals provider. This is a fully automated Bitcoin robot, meaning a 100% passive trading experience.
Here’s how it works. First, users must sign up for a Learn2Trade package, which ranges from 1, 3, and 6 months. Then, the robot must be connected to Cornix, a third-party provider that facilitates automated trading. Finally, the user will need to connect Cornix to their preferred crypto exchange via an API. And that’s it – there is nothing more for the user to do.
Thereon, every time Learn2Trade distributes a trading signal, the robot will automatically place an order. Each signal comes with suggested entry, stop-loss, and take-profit prices. This ensures that the Learn2Trade Algo trades in a risk-averse way. In most cases, the robot will trade on a 1:3 risk-reward ratio. This means that the robot risks 1% to make gains of 3%.
On average, the robot will place 40 positions per month. According to Learn2Trade, its bot has a 79% success rate. While past performance does not guarantee future returns, this means the bot consistently performs well in both bull and bear markets. What’s more, the Learn2Trade Algo isn’t confined to just Bitcoin. On the contrary, it also trades some of the best altcoins. This includes Ethereum, XRP, and Cardano.
When it comes to pricing, the 3 and 6-month plans cost £199 (£67 per month) and £349 (£58 per month), respectively. That said, first-time customers usually start with the flexible plan, which costs £99. This can be canceled at any time. Most importantly, the Learn2Trade Algo can trade via a demo account for as long as the user wants. Just make sure that the chosen crypto exchange supports demo accounts.
3. 3Commas – Top Crypto Robot for Beginners
3Commas is an established crypto robot provider that supports both custom and prebuilt strategies. The latter will appeal to beginners that are using trading robots for the first time. There are several strategies to choose from, most of which are suitable for long-term crypto investors. For example, the 3Commas DCA bot automates the dollar-cost averaging process.
Users simply need to determine which coins to buy and at what intervals. Thereon, the DCA bot will do the rest. Then there’s the GRID bot, which is suitable for trading in sideways markets. This automatically creates gridlines based on market conditions. For instance, if there is a slight upward trend, the bot will deploy a trailing stop loss.
This allows the user to lock in their profits if prices drop below the gridline. Additionally, 3Commas is also one of the best Bitcoin robots for trading crypto options. 3Commas also offers a short-selling bot, which is ideal for bear markets. Its trading bots connect to more than a dozen exchanges. This includes Binance, Gate.io, Kucoin, OKX, and Coinbase Pro. In terms of pricing, there are four plans to choose from.
Although this includes a free plan, this only offers access to its scalping terminal. The starter plan – at $29 monthly, allows users to deploy one GRID, DCA, Options, and Smart bot concurrently. It also comes with support for demo trading. The advanced and pro plans cost $49 and $99 per month, respectively. These come with additional functionalities, such as unlimited bots.
4. Trality – Build a Custom Crypto Robot Without Any Coding Knowledge
Trality offers the best Bitcoin trading robot for building custom strategies. There is no requirement to have any coding or programming knowledge. On the contrary, the Trality ‘Rule Builder’ uses a drag-and-drop interface. This means that even beginners can create their own unique Bitcoin trading bot.
The Rule Builder is very user-friendly and uses a step-by-step process. First, the user will need to select which cryptocurrencies they want the strategy to trade and whether it’s a buy or sell position. After that, users can select from over 100 technical indicators. The user also needs to choose the ‘trigger’ point. For instance, they might instruct the bot to buy XRP if the RSI reading goes below 20.
In simple terms, the bot will short-sell XRP the very second the RSI reading is met. The strategy might also instruct the bot to close the position if the RSI goes above 60. There are no limitations in this regard. Trality also allows users to backtest their custom robot strategies. However, this is based on historical data and not live market conditions. This should be considered a major drawback.
Nonetheless, there are four plans to choose from. The free plan supports up to €5,000 in trading volume and one active bot. However, only 60-minute intervals can be used. For the best experience, the Queen plan (€59.99 per month) supports unlimited volume, up to 10 bots, and 1-minute intervals.
5. Pionex – 16 Robot Strategies Across Various Risk Profiles
Pionex is a popular crypto trading platform that also supports robots. There are 16 robot strategies to choose from. One of the most popular with risk-averse investors is the Arbitrage Bot. Put simply, this buys ETH from the spot markets and instantly sells ETH via futures.
The difference between the two prices represents the user’s profit. The Rebalancing Bot is also popular on Pionex. This allows users to build their own basket of cryptocurrencies based on the predefined risk settings. This is 100% passive, as the bot continuously rebalances the portfolio.
One of the main benefits of using Pionex is that it executes trades directly. This means there is no requirement to connect its Bitcoin robots via an API. Moreover, Pionex offers competitive trading fees. Spot trading commissions amount to just 0.05% per slide. While leveraged positions cost just 0.1%.
We also like that Pionex supports almost 380 cryptocurrencies. This includes some of the best cryptocurrencies to buy, such as Bitcoin, Ethereum, Solana, and Shiba Inu. Pionex will also appeal to traders that want to fund their accounts with fiat money. The platform supports debit/credit cards and e-wallets.
6. CryptoHopper – Popular Marketplace for Buying Bitcoin Robot Strategies
CryptoHopper is an all-in-one ecosystem for automated trading. It supports custom tools that allow users to create their own strategies and risk settings. That said, CryptoHopper is particularly popular for its Bitcoin robot marketplace. This hosts automated strategies that have been developed by third parties.
Each strategy can be purchased individually and come with lifetime access. Prices vary depending on how popular the strategy is. For example, the Bitcoin Devil costs $69. This bot swing trades BTC and ETH during bullish periods.
Then there’s the AI Market Reversal at $29.99. This bot aims to buy cryptocurrencies when they experience a temporary dip. If a reversal occurs, the bot will cash out. The best Bitcoin trading bots on CryptoHopper come with comprehensive information.
For example, historical performance and intimate details on how the strategy works. Do note that in order to deploy certain strategies from the marketplace, an explorer account is needed. This costs $19 per month on a flexible plan and supports 80 open positions at any given time.
7. TradeSanta – Trade Crypto Futures via an Automated Bot
TradeSanta is one of the best Bitcoin robots for trading crypto futures. There are various strategies to choose from, including GRID trading. This buys and sells crypto futures based on predefined conditions. The aim is to enter a long position when the futures price drops, and vice-versa.
The TradeSanta futures bot is compatible with Binance and ByBit and can trade with leverage of up to 200x. Alternatively, TradeSanta also offers a marketplace where users can buy proven strategies. This covers both futures and spot trading.
In terms of pricing, there are four plans available. The free plan supports one active bot but comes without full functionality. For example, those wanting to use the futures bot will need to pay $45 per month. This includes the ability to deploy custom signals from TradingView.
8. Coinrule – Best Free Crypto Trading Bot
We found that Coinrule is one of the best free crypto trading bots in the market. The free plan comes with seven templates, allowing users to build their own parameters. Each sequence comes with a limit of three conditions.
This is more than enough for users to test-drive their strategies. What’s more, the free plan allows users to connect to the Binance paper trading suite. This allows users to backtest their Bitcoin robot in live market conditions. But without risking any funds.
Do note that the free plan is limited to a monthly trading volume of $3,000. Moreover, the free plan can only connect to one exchange at a time. Supported exchanges include Binance, Coinbase, OKX, Kucoin, and even Uniswap.
9. Bitsgap – Leading Crypto Robot for Trading Stagnant Markets
Bitsgap is one of the best Bitcoin robots for trading in stagnant markets. This refers to periods when Bitcoin and other cryptocurrencies rise and fall within a tight range. Bitsgap offers a trading robot for this very purpose.
For example, its Flat strategy will buy and sell USDT within a predefined range. In doing so, the robot aims to make small but frequent profits. This strategy will appeal to risk-averse investors, considering the small market movement involved. Beginners will also appreciate the Buy The Dip bot, which makes strategic investments when prices are falling.
Custom bots are also available, allowing users to build their own strategies. The basic plan costs $23 per month, and this supports up to two GRID and 10 DCA bots at any given time. The pro plan – at $199 per month, supports 25 GRID and 250 DCA bots. It also supports futures bots.
10. HaasOnline – Advanced Robot Builder for Traders With Coding Knowledge
HaasOnline is the best cryptocurrency bot for advanced traders with coding knowledge. It has developed its own programming tool, HaasScript. This allows users to develop their own bespoke strategies without limitations. This includes support for all technical scripts on TradingView.
These can be incorporated directly into the user’s coding lines. Crucially, HaasOnline also supports backtesting. Unlike other robot providers, the backtesting facility is based on real-time market data. This allows users to test their bespoke strategies without risking capital.
In terms of pricing, HaasOnline charges $49 for its standard plan. This allows up to 10 cryptocurrency trading bots at any time. However, for full functionality with HaasScript, a professional plan is required. This costs $99 per month and comes with a free 7-day trial.
11. OKX – Popular Exchange Offering In-Built Bots
OKX is a popular crypto exchange that has developed its own trading bots. It offers a wide range of automated strategies, and no fees are charged. One of the most popular strategies is the arbitrage bot. This will buy a cryptocurrency and instantly sell a similar market to profit from price differences.
For example, it might buy Bitcoin in the spot markets and go short on a futures contract. Other popular bots include GRID, DCA, and slicing strategies. The former helps traders place large orders without losing out to slippage.
According to OKX, more than 330,000 registered traders are using at least one of its bots. OKX supports hundreds of cryptocurrencies and offers some of the lowest fees in the industry. Each buy and sell order is charged just 0.1%. Lower fees are available when meeting monthly milestones.
Mizar is an up-and-coming platform that offers a subscription-free pricing structure. Instead, users enter into a profit-share agreement with their strategy. This ranges from 5% to 50% of profits, as set by the strategy owner. There are almost 200 strategies to choose from, covering various risk profiles.
For example, the Munich E-S4/4 bot is programmed to scalp crypto futures with leverage of 5-10x. It places 4-10 positions at any given time. The bot has generated gains of 13.75% over the prior 30 days and takes a 20% cut of gross profits.
Mizar also supports smart bots, which users can customize to meet their own strategies. This includes support for TradingView indicators and bespoke order types. This option uses a volume-based model. Meaning – users pay fees based on the amount their bot trades.
13. Gunbot – Semi-Automated Trading Strategies With Optimal Exit Points
Gunbot is a Bitcoin robot platform that supports a wide range of trading strategies. One of the most popular is its ‘Exit Manager’ tool. This allows traders to manually enter their own positions. The bot will then determine the ideal exit point based on real-time market conditions.
For example, suppose the trader has a profitable position in place that suddenly enters a correction. In this instance, the bot might not cash out the position if it believes the correction is temporary. This is ideal for traders that are unsure whether to hold or sell. That said, Gunbot also offers fully-automated strategies.
There are various templates to choose from, all of which can be customized. We also like that Gunbot has developed a DeFi trading bot. This trades on decentralized exchanges like dYdX. Gunbot can be purchased via a one-time license fee, meaning no subscriptions. Prices start from 0.014 BTC. Based on current BTC/USD prices, that’s about $380.
How we Ranked the Best Crypto Robots
We will now explain our criteria when ranking the best crypto trading robot sites.
Type of Robot
The first consideration we make is the type of crypto robot being offered.
For example, Learn2Trade Algo offers a fully-automated Bitcoin robot. Once the robot is set up – which takes less than 10 minutes, there is nothing else for the user to do. This is because the Learn2Trade Algo trades 24/7, without requiring any human input.
At the other end of the scale, some Bitcoin robots offer a semi-automated experience. The Gunbot Exit Manager strategy is a good example of this. While traders manually enter a position, the bot will close it on their behalf. This is executed at optimal market conditions, meaning the bot is emotion-free.
There are also Bitcoin robots that can be customized. These require users to build their own trading conditions and strategies. This can include everything from pricing, volatility, volume, and technical indicators. This option is best suited for traders that already have a proven strategy but want to automate the process.
The overarching objective when using a Bitcoin robot is to make money. Therefore, it is important to assess the past performance of a robot before proceeding.
For example, Learn2Trade Algo has a historical win rate of 79%. In theory, this means that over time, 79 out of every 100 trades return a profit.
Do remember that past performance is not indicative of future returns.
There are thousands of potential strategies that Bitcoin robots can take.
For example, some robots use a scalping strategy. This enters dozens of buy and sell orders throughout the day, with the aim of ‘scalping’ profits from minute price movements.
Another popular strategy used by bots is DCA or dollar-cost averaging. This will build the user’s crypto portfolio by making purchases at optimal conditions. For example, if the chosen crypto enters a market correction, it will enter a buy order.
Some Bitcoin robots focus on arbitrage opportunities. This profits from price differences on the same asset. For example, the robot might buy Litecoin on the spot markets and short-sell it via futures. The price difference between the two represents the profit.
Supported Cryptocurrencies and Markets
We also looked at what cryptocurrencies the bot is able to trade. While most bots focus on Bitcoin, others trade a range of altcoins. This presents users with more trading opportunities.
Additionally, users should also explore what trading markets the bot supports. For example, most cryptocurrency robots trade the spot markets. While others focus on futures.
Investors should also consider pricing when searching for the best Bitcoin robots. Not only in terms of the specific fees but how they are charged.
For instance, Learn2Trade Also offers a simple subscription model that can be canceled at any time. Discounts are available when purchasing a 3 or 6-month package.
Gunbot does things differently, as it charges a one-off license fee. This can be a drawback if the robot does not perform as expected – as the fee has already been paid.
Another factor to consider is user-friendliness. Beginners will likely prefer a fully-automated robot with a simple setup process. Both Learn2Trade Algo and Pionex are good options in this regard.
Advanced traders will likely prefer HaasOnline. This provider offers custom script tools that are aimed at coders. This is the most advanced form of automated trading.
Most Bitcoin robots require a third-party crypto exchange to execute orders. Users should check which exchanges are supported before signing up.
Are Crypto Bots Legit – Do They Really Work?
No two crypto bots are the same. While some crypto bots have the potential to make money, others do the opposite. The only way to truly know if the crypto bot can make money is by backtesting it.
For this, users will need to choose a bot that can connect to a demo trading facility. It is important that the demo platform tracks real-time market conditions and not historical data. This ensures that the backtesting process is credible.
To keep things risk-averse, it’s wise to backtest a crypto bot for at least a few weeks. After all, the crypto markets are unpredictable and volatile, so a short testing period will likely not be sufficient. After the testing period, users can then determine if the crypto robot is ready to trade with real money.
If it is, users can set up stop-loss orders and other risk-management strategies. This will ensure that the bot doesn’t burn through the entire bankroll. Ultimately, while crypto bots are legitimate, not all providers are. This makes it even more important to do due diligence before proceeding.
How Much do Bitcoin Robots Cost?
The price of Bitcoin robots varies widely from one provider to the next. As noted earlier, most Bitcoin robots have a monthly subscription in place. This is ideal for first-timers, as there is no long-term commitment.
While some providers offer discounts on longer plans, it’s best to keep things flexible. This way, if the robot doesn’t meet the user’s expectations, they can cancel the plan. To offer some insight, Learn2Trade Algo offers flexible monthly plans for just £99.
Some Bitcoin robots must be purchased via a one-time payment. This gives users lifetime access to the robot. However, this also means that the robot developer is less motivated to update its robot, let alone offer customer service.
This is in contrast to subscription-based models like Learn2Trade Algo. The platform regularly tweaks its Bitcoin robot to ensure it trades at optimal conditions. This ensures that customers continue to subscribe each month.
Are Crypto Trading Bots Legal?
Yes, AI crypto trading bots are completely legal. They merely provide a means to trade cryptocurrencies online. The vast majority of bot providers do not execute trades themselves. Instead, users are required to connect their bot to their preferred exchange via an API.
That said, not all crypto trading bots are created equal. As reported by the BBC, there are many scammers operating in this space. These providers will make bold claims of huge profits but can rarely back them up with verifiable data.
Therefore, it is important to spend ample time researching a Bitcoin robot provider before proceeding. A good starting point is to read crypto trading bot reviews online. Websites like TrustPilot and Reddit are useful in this regard. This should give a general overview of whether or not the Bitcoin robot is legitimate.
Bitcoin robots appeal to investors that want to buy and sell cryptocurrencies passively. Overall, we found that the best option is Quantum AI.
Claiming to offer a success rate of 90%, Quantum AI automatically initiates new crypto trades on behalf of the platform members.