The 5 Best Crypto Trading Bots in 2019

Are you looking to take your crypto game to the next level in 2019? If so, here are five trading bots you should consider adding to your roster. If you want to get the most out of your investments and ensure you don’t miss anything critical while your back is turned, any one of these bots will do the trick nicely.

1. Gunbot

Newcomers to the crypto market are forgiven for feeling overwhelmed — there’s a lot to learn! Starting out also means you need a crypto trading bot that’s suited to beginners as well as professional investors.

Recognized by many as one of the more advanced trading bots available, Gunbot makes good on its reputation with a suite of settings to toggle and strategies to execute. As you’d expect, it works with all the major crypto exchanges — GDAX, Poloniex, Bittrex and more — with more exchanges being added on a regular basis.

Gunbot stands out for its enthusiastic and tightly knit user community. It caters to advanced crypto traders with a series of strategy upgrade packages ranging in price up to 0.15 BTC. Another perk of the committed fanbase is regular updates to the app, which come with no additional payment apart from the initial price of the bot, plus any optional upgrade packages you decide to purchase.

2. Haasbot

Haasbot is one of the more user-focused trading bots here. Ever since its January 2014 debut, the developers have reliably added new features and refined others by taking input directly from their user base. In addition to regular updates, the developers also maintain a Haasbot Wiki to answer the most pressing user questions.

All of that effort has resulted in a multi-featured toolkit for crypto traders. In fact, Haasbot isn’t one bot, but several. Some are more experimental than others, but all offer something unique, including:

  • Email bot: This bot integrates with email platforms to execute pre-defined actions based on alerts that the user has received.
  • Trade Bot (aka Haasbot 3.0): Haasbot’s third iteration provides tools for developing strategies both simple and complex, including triggers based on insurances, safeties and indicators of your choosing.

Haasbot’s massive value offer comes with a pretty steep price tag relative to its peers. Users can choose the duration of the subscription term — three, six or 12 months — with premium annual packages coming in at 0.32 BTC per year.

3. CryptoTrader

CryptoTrader is another bot that comes with a monthly fee attached, but it might be worth the expense for anyone who’s serious about using a bot to execute on trades when the time is right. With five subscription tiers ranging in price up to .0512 BTC per month, it’s likely to appeal to most traders. Only the top tier comes with all of the following features, but each tier does contain some combination of them:

  • Support for every major recognized crypto exchange
  • Instant SMS and email alerts for trades
  • A full strategies marketplace where users can buy and sell strategies to perfect their portfolios

The CryptoTrader bot is also cloud-based, meaning there’s no software to install or servers to rent. Inexperienced traders can also engage in backtesting using all cryptocurrency exchanges before executing their trades in a live setting.

4. Cryptohopper

Like with the other bots on this list, the appeal of Cryptohopper centers on the promise of executing trades in your sleep, and potentially 24 hours per day, based on criteria that you define yourself.

Cryptohopper likely takes its name from one of its most distinguishing features: the ability to “hop” between platforms — without any software installations — just by signing in. There’s no need to leave your PC on and active with a cloud-based trading bot. Moreover, you can make changes to your bot configurations from anywhere and have them executed immediately.

Maybe the most impressive feature with this option is the thoughtful inclusion of Mirror Trading, which puts a Cryptohopper spin on signals and strategy exchanges. Cryptohopper users can simply subscribe to feeds from professional analysts who are constantly on the lookout for rising coins and promising investment opportunities. It’s not a new concept, but Cryptohopper claims to be the first to automate the process.

You can try this platform risk-free for seven days, but afterward, you’ll have to choose a subscription model, priced up to $99/month for the Pro version.

5. CoinBot.club

If you’re looking for a crypto investment community built on an open-source model for its bots, CoinBot.club might be a good option. The pitch is simple enough: You join the club, connect to the club’s API, select your algorithms and number of trades and buy credit for your account. From there, the bot carries out trades according to your algorithm settings until your credits are gone.

CoinBoy.club has some unique features, including a “social analyzer” that automatically searches for information based on a user-defined dictionary of terms. Examples include indicators about re-brandings, hard forks and other types of disruptions or notable events.

Pricing for CoinBot.club varies based on how you use it. If you operate your bots in automatic mode, commissions are deducted automatically per action taken. The optional Social Analyzer and Arbitrage modules are subscription-based and transaction-based, respectively.

Clearly, a lot is going on in the crypto world right now. Whether traders deploy bots or explore the market on intuition alone, the advantages of engaging with the crypto market to make transactions easier or invest over the long haul are pretty undeniable.

Getting the best possible trading experience increasingly requires the use of bots, though. If you’re a trader looking to capitalize on daily price fluctuations and short-term movements, algorithms and automation should be part of your toolkit. For long-term investors who are betting on technology and adoption, trading bots are considered less essential.

Featured image courtesy of Shutterstock. 

Author:
Kayla Matthews has been a technology and productivity journalist for over 7 years contributing to publications such as MakeUseOf, The Next Web, VentureBeat and Cointelegraph. She's also the editor of her tech blog, Productivity Bytes, where she writes everything from how-tos to the latest news in technology. To see more of her work, subscribe to Hacked.com or follow her on Twitter @KaylaEMatthews.