9 Best AI Crypto Trading Bots in 2024 (Expert Review)
Eliza Thornton
Crypto trading bots are automated software tools with predefined rules and algorithms. A good AI crypto trading bot enhances trading by executing swift, data-driven decisions and reducing emotional bias. Selecting the wrong AI crypto trading bot can lead to financial losses due to poor trade execution, increased security risks, and faulty algorithms.
After spending a lot of time messing around with several AI crypto trading bots, we learned what they were all about — the good stuff, the tricky bits, and what they could do. We want to share what we found, covering everything from what they do and how much they cost to what we loved and didn’t. Check out our review to help you decide if they’re right for you. Read more…
3Commas is a trading strategy automation software service that offers strategy execution solutions and professional-grade automated trading bots. 3Commas comes with a built-in wallet feature that accepts multiple payment methods.
Best AI Crypto Trading Bots: Reviewed
Here is a summary of the best AI crypto trading bot providers:
| Trading Bot | Exchanges supported | Leverage | Trading fee | Key AI Features | Link |
|---|---|---|---|---|---|
| 3Commas.io | Binance, OKX, Bybit, Coinbase Advanced, etc. | Varies by market for each exchange | No trading fees | Signal Bot, DCA Bot, Prebuilt strategies | Learn More |
| Pionex | BTC, AAVE, ETH, and more | 2.2x – 4.8x | 0.05% for spot market transactions | 16 automated crypto trading bots, Ethereum moon bot, robo advisor | Learn More |
| Cryptohopper | Coinbase Advanced, Bitvavo, Binance, and more. | up to 3x leverage | 0.1% per trade for cryptocurrency trading | test bots, analyze strategies, strategy adjustments | Learn More |
| Coinrule | Binance and more | leverage varies by market for each exchange | 0.1% per trade Binance fee | create automated trading rules, real time indicators, backtesting | Learn More |
| Bitsgap | Binance, OKX, KuCoin, Bybit, and more | 10x | Does not charge any trading fee. | simulated trading, algorithmic orders, portfolio managemment | Learn More |
Let’s review these tools in detail to gain insight into them.
1) 3Commas.io
3Commas is a trading strategy automation software service that offers strategy execution solutions and professional-grade automated trading bots that can handle over 1M+ active deals per account, making it the ideal choice for high-volume traders who need to manage multiple accounts and carry out complex strategies across 10+ major exchanges from a single interface.
3Commas simplifies the planning, implementation, and performance analysis of multi-faceted trading goals, allowing users to optimize and customize their strategies in real time to respond to changing market conditions.
Exchanges supported: Binance, OKX, Bybit, Coinbase Advanced, etc.
Leverage: Varies by market for each exchange
Trading fee: No trading fees
Features:
- Portfolio Performance Monitoring: Once I linked my accounts, it was incredibly easy to track everything happening in my portfolio from a single interface.
- Preset Strategies: Using 3Commas trade automation software, I can quickly launch new bots using prebuilt strategies that I customize the settings for.
- Trading Features: I accessed advanced trading features like Futures, DCA Bot, Grid Bot, Signal Bot, and Smart Trade.
- Integrated Wallet: 3Commas comes with a built-in wallet feature that accepts multiple payment methods.
- Trading Options: Short, Long, Futures, and many variants of those.
- Bot Variety: 3Commas offers DCA, Signal, Grid, and SmartTrade bots.
- App Availability: Mobile app for iOS and Android.
- Exchange Support: Supports multiple major exchanges, including Binance, OKX, Bitstamp, Coinbase Advanced, KuCoin, and Bitfinex.
Pros
Cons
Pricing:
3Commas offers a variety of pricing options to suit different trading needs. Users can start with a free trial to explore the platform’s features. For those ready to commit, the Pro is priced at $37 per month. More advanced traders might opt for the Expert Plan at $59 monthly, while seasoned professionals can choose the Custom Plan for pricing and contact the sales team.
However, more advanced featured paid are listed below:
| Plan | Grid Bots | DCA Bots | Signal Bots | Smart Trades |
|---|---|---|---|---|
| Free | 1 | 1 single-pair | 1 | 3 (no Futures) |
| Pro | 10 | 50 | 10 | 50 |
| Expert | 50 | 250 | 50 | Unlimited |
| Custom | 50+ | 250+ | 50+ | Unlimited |
Free Trial: 3Commas provides new users with a limited trial period of the Pro plan before reverting to the account features of the Free plan unless the trader purchases a subscription to the Pro or Expert plans.
2) Pionex
I am thoroughly impressed with the Pionex automated trading bots. Offering 16 free built-in, user-friendly trading bots, it stands out whether you are a beginner or an experienced trader.
The app and the website are very well-designed and extremely easy to use. Over time, they have maintained their reliability with regular weekly updates and new additions.
Exchanges supported: BTC, AAVE, ETH, and more
Leverage: 2.2x – 4.8x
Trading fee: 0.05% for spot market transactions
Features:
- Pionex GPT: This feature allows you to create and learn about trading strategies, backtest, and optimize the parameters.
- Customization: You can easily set up and manage your trading bots on the mobile app and the web browser. It offers many settings to adjust the bots as per your strategies.
- Maximum drawdown indicator: This feature shows the highest drawdown rate in the backtest results over the past 7, 30, or 180 days. It helps investors evaluate the risks associated with Grid Trading Bots.
- Quantitative algorithms: Optimized grid parameter algorithms offer higher grid profits for long-term investments in high-potential cryptocurrencies.
- 24/7 Customer Support: The support team promptly resolved my query about pricing through a Telegram conversation. You can also use their 24/7 chatbot support or send an email.
Pros
Cons
Pricing:
Here are the transaction fees for Pionex.
| For spot market | For leveraged trading | For futures market |
|---|---|---|
| Make: 0.05% Taker: 0.05% |
Maker: 0.1% Taker: 0.1% |
Maker: 0.02% Taker: 0.05% |
3) Cryptohopper
Cryptohopper is an automated crypto trading platform for traders of different skill levels, whether experts or learners. The user-friendly interface allows traders to automate trading around the clock. Risk management tools like DCA and others minimize risk factors.
This crypto trading bot provides advanced features like AI-driven trading strategies and backtesting capabilities. It also comes with a marketplace for trading signals and bot templates.
Exchanges supported: Coinbase Advanced, Bitvavo, Binance, and more.
Leverage: up to 3x leverage
Trading fee: 0.1% per trade for cryptocurrency trading
Features:
- Supported Exchanges: The bot supports various exchanges, such as Binance, Bitfinex, Bittrex, and Coinbase, which allow users to effortlessly utilize their portfolios.
- Copy Top Traders: Using Copy Bot, I could copy the best traders by viewing the profitability of the sellers, max drawdown, most traded currencies, and reviews.
- Strategy Designer: Cryptohopper helped me combine the indicators, test them, and design my strategies. I was also able to sell my designed strategy on the marketplace.
- Trading Terminal: I used the trading terminal to manage my portfolio for all exchange accounts from one place. It saved me a lot of effort and time logging in and out of each exchange account separately.
- Backtesting: Cryptohopper has a robust tool that allows rapid strategy validation against historical data. However, there were situations when I used default settings but received inaccurate pricing.
Pros
Cons
Pricing:
The Pioneer plan from Cryptohopper is free and provides 20 open positions/exchange. Alternatively, there are paid premium plans that are tabled below:
| Explorer | Adventurer | Hero |
|---|---|---|
| 80 openpositions/exchange | 200 openpositions/exchange | 500 openpositions/exchange |
| $24.16 | $57.5 | $107.5 |
4) Coinrule
Coinrule is a trading automation tool with a user-friendly interface and comprehensive tutorial guidance. It is designed to empower crypto investors.
From my experience, it’s generally easy to use, though I’ve noticed some delays in executing trades when the market gets choppy. Irrespective of these minor hiccups, Coinrule can be a worthy competitor in the list of crypto trading platforms.
Features:
- Customizing strategies: Using Coinrule, I could select from 150+ trading templates and methods and customize them according to my requirements.
- Automated trading: I have practically no coding skills, but Coinrule helped me to set up the trading rules with a computerized process and minimal fuzz.
- Backtesting strategies: This AI crypto trading bot backtests different strategies against all the historical data provided. This feature was impressive since it offered a clear insight into how these strategies would have performed in earlier market scenarios.
- Exchanges support: Coinrule integrates with multiple exchanges, such as Binance, Coinbase Pro, and Kraken. It allows users to seamlessly manage portfolios with different platforms.
- Create rules: You can even create rules based on different popular indicators. These rules are set instantly and take a few seconds to execute. Coinrule adds new indicators every week.
Pros
Cons
Pricing:
Coinrule provides a free starter pack with 2 live rules, 1 connected exchange, and 7 template strategies. Additionally, there are paid subscription plans available:
| Plan | Live Rules | Connected Exchanges | Price | |
|---|---|---|---|---|
| Hobbyist | 7 | 3 | $24.95/m | |
| Trader | 25 | 5 | $45.95/m | |
| Pro | 50 | Unlimited | $337.49/m |
5) Bitsgap
Bitsgap is a crypto trading platform that offers automated trading bots, portfolio management, and intelligent order execution.
In this ever-evolving cryptocurrency market, Bitsgap ensures secured connectivity to different exchanges.
Features:
- Automated Trading Bots: Bitsgap offers automated trading bots to execute strategies like DCA and GRID. These strategies monitor the market movement 24/7 to capture profit.
- Brilliant Order Execution: I set up backtested trading strategies using this platform. These strategies proved to be a smooth run for me in multiple exchanges to execute intelligent orders.
- Portfolio Management: Bitsgap offers a centralized dashboard for managing and monitoring a user’s crypto portfolio from a single interface.
- Secure Connectivity: Bitsgap uses secured API connections to connect to any exchange account. This connectivity is so safe that the platform cannot access withdrawn funds.
- Supported Exchanges: This crypto trading platform supports 15 major exchanges, including OKX, Bybit, KuCoin, and Binance.
- Ease of Use: I found the Bitsgap crypto trading platform quite user-friendly, primarily due to the customized and intuitive user interface. I had no difficulty accessing this tool’s advanced features during my early days.
Pros
Cons
Pricing:
Bitsgap offers a free trading plan with 10 active bots, 30 days free demo, multi-exchange trading platform, and unlimited manual trading. However, more advanced featured paid are listed below:
| Plan | Active Grid Bots | Active DCA Bots | Pricing |
|---|---|---|---|
| Basic | 2 | 10 | $22/m |
| Advanced | 5 | 50 | $51/m |
| Pro | 25 | 250 | $111/m |
Free Trial: Bitsgap offers a 7-day free trial for users to explore the platform’s capabilities without requiring a credit card.
6) Binance
Binance AI crypto trading bot makes it easier for players to capitalize on market opportunities using the automated trading option. It is the first ltc cloud mining service provider that is operating with legal status. Binance has more than 100,000+ users from all over the world. It is first cryptocurrency investment platform with a complete suite of digital asset products and tools.
I didn’t have to deal with the complexities of trading while using this automated crypto bot. I found it suitable for both beginners and experienced crypto traders looking to exploit the analytics and trading options on the platform.
Features:
- Platform Versions: Users can use Binance Lite or Binance Pro, which allows flexibility based on experience level.
- Wallet integration: Binance software wallet is compatible with specific hardware wallets such as Trezor Wallet, Trezor Model T, Ledger Nano X, and Ledger Nano S. If you wish, you can store your cryptos offline securely.
- Cryptocurrency Variety: It supports over 500 coins, including BTC and ETH. I found out that it is available in over 100 countries, such as the USA, UK, and Belgium.
- Simple Earn: It applies to all the crypto users on Binance as they gain interest on their deposits. Locked products offer higher returns on Simple Earn because they require you to lock your crypto.
- Auto-Invest: It has an index for the top cryptocurrencies. You can enroll on the plan to auto-purchase the tokens that make a list. The auto-investment will balance your crypto portfolio periodically.
Pros
Cons
Pricing:
Binance, often recognized as a free mining website, stands out with its user-centric approach, allowing individuals to start their investment journey with no minimum investment requirement. Users benefit from a payout structure that’s both frequent and flexible, with disbursements every 8 hours and a minimum payout set at 0 USDT. Moreover, Binance ensures transparency in its pricing model; there are no hidden maintenance fees, with costs solely based on a clear trading commission.
Free Trial: Lifetime Free Pass.
7) WunderTrading
WunderTrading is one of the best platforms for traders who wish to automate their trades and learn from others in the social trading network. Crypto traders can implement strategies like portfolio management, market making, etc.
As a crypto trader, WunderTrading features allowed me to execute trades according to my requirements. It supports exchanges like Binance, Bybit, Kraken, and numerous others.
Features:
- Bot Variety: WunderTrading provides crypto trading bots, AI-powered statistical arbitrage, Grid, Signal, and DCA bots.
- Smart Terminal: This terminal has easy-to-use features, including multiple Take Profit targets, Trailing Stops, Swing Trading, DCA, and Moving Stop Losses to breakeven.
- Copy-Trading: The Copy-Trading feature lets me replicate the trades of professional traders and bots with just a few clicks, all for free.
- Crypto Portfolio: With these easy-to-use, versatile, and feature-rich cryptocurrency portfolio tracker tools, I could monitor my balances automatically.
- Arbitrage Trading: Traders can create strategies to benefit from price-difference across different crypto exchanges.
Pros
Cons
Pricing:
The annual subscription offers are as follows:
| Plan Name | Price |
|---|---|
| Basic | $19.95/m |
| Pro | $39.95/m |
| Premium | $89.95/m |
Free trial: WunderTrading offers a Lifetime Free plan is available..
8) CryptoRobotics
CryptoRobotics is a cryptocurrency trading platform that allows traders to manage their crypto assets effectively. It has specific utility tools to efficiently manage automated and manual trading procedures.
This trading tool is compatible with tablets, smartphones, and laptops. Users can connect unlimited accounts for each exchange, use robots, and order bots to automate trading.
Features:
- Exchange support: CryptoRobotics supports all the notable exchanges, such as Binance, Kucoin, OKX, Exmo, Bybit, and many more.
- Portfolio tracking: I could track my crypto portfolio’s trading results and exchange balances. The results are displayed as they appear via graphs and diagrams.
- Signals + robot tool: Using this feature, I could try my trading luck per the latest indicators without worrying about the market scenario. The Signals + Robot tool smoothly integrates expert analysis with automated trading systems.
- Futures trading bot: These bots focus on the future and try to calculate the volatility and fluctuations that may affect the trading scenario.
- Risk Management: It lets traders set specific parameters to manage the risk scenario effortlessly. Additionally, the bot can track the bots and manage them on the go from the mobile app.
Pros
Cons
Pricing:
CryptoRobotics offers a free basic plan with 10 stop limit orders and 14 exchanges to trade on. The monthly pricing of pro-paid plans is tabled below:
| Basic Pro | Expert Pro | Signals Pro |
|---|---|---|
| $19 | $79 | $79.05 (discounted) |
Link: https://cryptorobotics.co/
9) Octobot
Octobot is an open-sourced crypto trading platform offering AI-based automated trading strategies while judging different market scenarios.
The platform’s ability to smoothly adapt to different exchanges makes it a vital asset to the crypto trading community. However, I have faced some occasional glitches that interrupted my trading scenario.
Features:
- Easy adaptability: Octobot easily adapts to different market conditions and trading styles. I could easily manage market making, liquidity provisions, and OTC transaction complexities using the built-in tools.
- Easy customization: This trading bot provides high level customization to manage different controls easily and automate the trading process. This customization always runs smoothly when integrating with other exchanges.
- Price detection: Octobot accurately detected the correct price and profit generation. However, occasional inaccuracies prevented me from maximizing my returns.
- Create baskets: Using this crypto trading bot made it easy for me to create a custom basket. I could also customize the existing basket according to my requirements.
- Wise investment: Octobot offers the option to invest in multiple cryptocurrencies. Additionally, it carries out automatic rebalancing to experience substantial growth and higher profit margins.
Pros
Cons
Pricing:
Octobot has a free investor plan offering unlimited GRID, DCA, and AI bots. The annual subscription rates for paid premium plans are tabled below:
| Investor Plus | Trader |
|---|---|
| $14/month | $42/month |
Free Trial: Paid plans come with a 14-day free trial.
Link: https://www.octobot.cloud/features/ai-trading-bot
10) Mizar
Mizar is an AI-based automatic trading platform bot that makes it easy for traders to trade on different cryptocurrency exchanges. I was pretty impressed by the features accessible through the intuitive interface, such as DCA and grid bots, intelligent trading, and more.
When trying to use Mizar, I noticed several tools integrated with this platform to create trading algorithms without manual coding. It even easily automated the testing and execution process of these trading algorithms.
Features:
- $MZR token: The $MZR token helped me reduce my trading fees by nearly 95%. It was a perfect economic choice for traders who wanted to invest less.
- Simplified trading: Mizar simplifies the process using tools like telegram bot, copy trading, DCA, etc. It helped me copy strategies from top traders and automate the regular investment process.
- Advanced settings: Mizar comes with advanced settings that pre-set safety orders, trail take profit, and prevent loss levels automatically using the bots.
Pros
Cons
Pricing:
The best part about C-Mizar pricing is you pay as you go. Using this plan, there is no monthly fee. You pay as per your usage limit. However, there are also monthly subscription-based plans available that are tabled below:
| Trader | Pro |
|---|---|
| 15 Active subscriptions | 250 Active subscriptions |
| $15/month | $30/month |
Link: https://mizar.com/
What are AI Crypto Trading Bots? How do they work?
AI Crypto Trading Bots are software tools that use Artificial Intelligence-based algorithms to conduct trading. These bots also manage investment portfolios in the cryptocurrency market for automated trading. Unlike manual trading systems, AI crypto trading bots have the power to react to different market changes continuously without the need for the trader to intervene.
These bots operate autonomously, making it easy for traders to benefit from market opportunities. They influence traders with advanced algorithms and machine learning techniques to make data-driven decisions, reducing emotional bias and increasing trading efficiency. AI Crypto Trading Bots can be tailored to meet individual trading goals, risk tolerances, and preferred trading strategies.
How to Choose the Best AI Crypto Trading Bots?
Choosing the best AI for crypto trading involves several key considerations:
- Performance Track Record: Look for AI systems with a transparent and proven track record in trading. Review historical performance data, backtesting results, and independent reviews.
- Algorithm Sophistication: The bot should adapt to the latest AI and ML techniques. It should be adaptable to the latest trends and changes in marketing conditions.
- Security Features: Ensure the AI system has robust security measures to protect your investments and data privacy.
- Cost and Fees: Consider the cost of using the AI, including any subscription fees or percentages of profits taken. Ensure it fits your budget and trading volume.
- Support and Community: Good customer support and an active community can provide valuable insights and help troubleshoot any issues.
Lastly, always start with a demo or trial to test the AI’s effectiveness with your trading strategy without financial risk.
How can an AI crypto trading bot adapt to the market’s volatility?
AI crypto trading bots adapt to market volatility through ML algorithms that learn from vast historical data and real-time market conditions. Accordingly, they can adjust the right trading strategies. They even use Gauge Analysis to predict market conditions.
The AI crypto trading bots use reinforcement learning to optimize their strategies and keep pace with changes in market dynamics. It helps these tools quickly capitalize on opportunities and make suitable decisions.
What are the risks of using an AI crypto trading bot?
Using an AI crypto trading bot carries various risks that may challenge the traders.
- Market Risk: The cryptocurrency market is notorious for its high volatility. Despite their advanced algorithms, AI bots may not always predict or cope with sudden market shifts, potentially leading to significant financial losses.
- Technical Failures: Bugs, glitches, or connectivity issues can disrupt trading strategies and may lead to missed or unintended trades.
- Overfitting: AI models that must be more finely tuned to historical data may need to improve in current or future conditions that deviate from past patterns.
- Security Risks: Trading bots are common targets for cybercriminals. If a trading bot is not secure enough, it can lead to a data breach and financial loss.
- Regulatory Changes: The evolving legal landscape of cryptocurrencies can affect bot operation and compliance.
- Operational Oversight: Over-reliance on bots can lead traders to overlook essential market signals.
- Costs: High fees or initial investments for using AI bots only sometimes guarantee better returns, affecting profitability.
How to Evaluate the Performance of an AI Crypto Trading Bot?
Evaluating the performance of an AI crypto trading bot involves several vital steps to ensure it meets your trading goals and performs effectively in the volatile cryptocurrency market:
- Backtesting: Test the bot using historical data to see how it performed in past market conditions.
- Real-time Testing: Use the bot in a real-time, simulated trading environment with live data but without real money.
- Metrics Analysis: Focus on key performance metrics such as return on investment (ROI), maximum drawdown, win/loss ratio, Sharpe ratio, and alpha.
- Consistency: Evaluate how consistent the bot’s performance is over different time frames and market conditions.
- Comparison with Benchmarks: Compare the bot’s performance against market benchmarks or manually managed portfolios to gauge its competitive advantage.
- User Reviews and Community Feedback: Look for feedback from other users about their experiences with the bot.
- Security and Reliability: Ensure the bot has robust security measures to safeguard your investments and personal information. The reliability in the bot’s overall performance and uptime is best judged during critical market movements.
Are AI Crypto Trading Bots Safe & Legal to Use?
AI crypto trading bots are generally legal, but their legality can vary depending on local regulations and laws concerning cryptocurrency trading. Verifying the legal framework in your jurisdiction before using one is essential. As for safety, while bots can offer significant advantages, they are not without risks.
A user can be exposed to data breaches or hacks if there is vulnerability noticed in the bot’s security measures. Therefore, it is necessary to look for bots that have a good reputation in the market. Additionally, users should practice sound risk management and regularly update their security settings to protect their investments. Always perform due diligence before selecting a trading bot.
Verdict
Each of the platforms I reviewed offers something noteworthy to enhance the efficiency of automated trading. However, my personal vote would go to Pionex, Bitsgap, and Cryptohopper simply because of their simplicity and utility-driven functional aspects. If you want to step in, do it with a cautious approach due to inherent market risks.
- Pionex, with its 16 free built-in bots, is incredibly accessible and caters well to both beginners and seasoned traders.
- Bitsgap excels with its no-fee policy and robust portfolio management features, is a cost-effective choice.
- Cryptohopper is known for its backtesting ability and also provides effective trading strategies.
