Top Cryptocurrency Trading Bots 2020

Cryptocurrency Trading Bots have begun to conquer the world of Cryptocurrency trading for quite some time now. A lot of new entrants have entered the arena. 

Hence, we try to pick out some of the best that we do have in the industry right now.

Keep reading!

What is a Cryptocurrency Trading Bot?

Cryptocurrency trading is computer generated software programs that conduct transactions automatically based on interpretation of the market data. These applications can help you to buy or sell on your behalf. This is done with the use of predefined programs or conditions. It can even act per your preference and tastes by adjusting the settings. There are a number of cryptocurrency exchange software development services out there helping you to build one.

What are the features a Cryptocurrency Trading Bot Should Provide You?

There are certain features that your Cryptocurrency Trading Bot should offer you. Some of them are discussed below:

Reliability is a significant factor that your Cryptocurrency trading bot should possess. The Cryptocurrency Bot should be dependable at any interval of time. It should not go offline or not be affected by any technical glitches during the peak period.

Cryptocurrencies are highly valuable, and the transactions we conduct should be safe from any external threats like cyber attacks, hacking, etc. Your Cryptocurrency Trading Bot should be following the latest security standards.

The Cryptocurrency Trading Bot you are selecting should provide profit or revenue to its users.

Transparency factor is what makes a Cryptocurrency Trading Bot trustworthy among the users. Transparency was the same reason why the Cryptocurrencies was accepted across the world.

The concept of Cryptocurrency trading bots was introduced with the idea to make the entire process of Crypto trading more easy and efficient.

Cryptocurrency trading has become more popular in recent years and hence there is a considerable increase in the list of top cryptocurrency trading websites and cryptocurrency trading bots as well. In the next section, let us get into the list of top Cryptocurrency Trading Bots in the year 2020.

Top Cryptocurrency Trading Bots of 2020

1. Cryptohopper

Two brothers started the Cryptohopper platform. They can be undoubtedly placed on this list due to multiple reasons. Cryptohopper is run on cloud servers and not in the traditional ones. The main advantage of using cloud servers is that it supports round the clock trading. The interface they own is a completely user-friendly one. Moreover, the process of trading can be set up within a matter of just five minutes.

Some of the features they do provide top-loss, full technical analysis from various providers like MACD, Stoch, etc. The first month of its usage is completely free, but afterward, they may upgrade to packages like Bunny($19 p/m), Hare ($49 p/m), and Kangaroo ($99 p/m).

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2. 3Commas

3Commas supports many popular exchanges like Bittrex, Biniance, Bitstamp, KuCoin, Poloniex, GDAX, Cryptopia, Huobi, and YOBIT.

This Cryptocurrency bot works 24*7 and can be operated through both webs as well as the mobile platform. Some of the main attractions of this trading bot are that you can set stop loss and take profit targets. Moreover, it also allows following the same strategies, followed by the most successful Crypto traders!

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3. Haasbot

Haasbot was started in the year 2014 by the Haasonline. It allows trading Bitcoin and other major Cryptocurrencies. It is one of the most comprehensive Cryptocurrency trading bots available in the market right now. 

Haasbot requires only a minimum number of inputs by the user. But a slight disadvantage of this Cryptocurrency trading bot is that it’s slightly costly compared to its peers. The costs range between 0.04 BTC and 0.07 BTC for three months.

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4. Kryll.io

Kryll.io is a perfect Cryptocurrency Trading Bot that allows you to trade the Cryptocurrencies at the right time. It was founded by a team of programmers, namely, Luca Benevelo, Philippe Longere, and Paul Collorafi. They do have some extremely unique features that no other Cryptocurrency trading bots can even claim of. Since it was launched in the year 2018, they introduced the concept after a long period of research and study about the environment. 

They do have even tools based on Artificial Intelligence like Sentiment Analysis and trend prediction by Deep Learning.

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5. Gekko

Gekko Cryptocurrency trading bot is an open-source platform that anyone can use completely free. This is one of the major reasons for its wide popularity. Gekko provides a very flexible editor and thus infinite possibilities for the users. This is more a kind of user-friendly interface, so even the people who don’t know how to code can deal with it much more efficiently.

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6. Gunbot

Gunbot provides a lot of exclusive features like Bollinger Band, Ping pong, and Step Gain. They come with mainly three package plans, namely, Gunbot Standard (priced at 0,050 ?), Gunbot Pro(priced at 0,075 ?), Gunbot Ultimate (priced at 0,125 ?). Gunbot is available on various Cryptocurrency exchanges like Poloniex, Kraken, Bittrex, and Cryptopia.

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7. Zenbot

Zenbot is another open-source Cryptocurrency trading bot like Gekko. It is available on all major operating systems and can be customized according to the user’s preferences. Zenbot is based on the latest technologies like Artificial Intelligence and Deep Learning.

Some of the major exchanges they support include Kraken, Gemini, GDAX, Bittrex, Quadriga, and Poloniex.

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Summing Up

Cryptocurrency is expected to be the future money, where no third parties are involved. Also, one of the best options available to invest. One of the major disadvantages of them is its volatile nature. But those things are too now taken care of! Cryptocurrency Trading Bots are one of the right movements in the same direction. They allow us to trade the Cryptocurrencies at the right time, automatically. 

Well, this blog has tried to bring out some of the Top Cryptocurrency Trading Bots of 2020. Do proper research and choose one from the list that suits your policies the best.

Author Bio

Jeseena. K is a senior content writer at CryptoSoftwares, a leading Blockchain, and Cryptocurrency Development Service, Provider. She is a voracious reader and she spends her free time reading a broad spectrum of subjects ranging from fiction to the latest software technology.