Best AI Crypto Trading Bots Reviewed
Top AI Crypto Trading Bots are:
Bybit Aurora AI – good option for beginners.
Cryptohopper – easy bot testing.
Learn 2 Trade – possibility to open trades manually by signal.
Zignaly – wide possibilities for customization of bots.
3Commas – support of 17 exchanges.
Competition in the cryptocurrency sphere is growing every day, and investors and traders are looking for new ways to improve the efficiency of their operations. In light of this, cryptocurrency bots with artificial intelligence (AI) are becoming increasingly popular. These automated trading systems are equipped with advanced machine learning algorithms that analyze market data and make trading decisions based on pre-set strategies. In this article, Traders Union experts look at the best AI cryptobots, their features and benefits, and the ways in which bots help traders and investors maximize profitability in the cryptocurrency markets.
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How to choose the best AI crypto bot?
To choose the best crypto bot with AI, it is important to conduct thorough market research, assess the reputation and reliability of various bots, as well as study the reviews and recommendations of experienced traders. It is worth paying attention to the functionality of each bot, its historical results and the cost of use. It is also a good idea to test the bot in demo mode before using it on the market.
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What are the main advantages of AI crypto bot?
The main advantages of cryptobots with artificial intelligence are the automation of trading operations, the ability to respond quickly to changes in the market situation, the analysis of large amounts of data and the minimization of human intervention. This allows to increase the profitability of trading and reduce risks for investors and traders, providing more efficient portfolio management.
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Is AI crypto bot suitable for beginners?
Cryptocurrency bots with artificial intelligence can be useful for beginners, but only if they have a basic understanding of the fundamentals of cryptocurrency trading. Beginning traders should thoroughly familiarize themselves with the principles of bot operation, learn basic trading concepts and conduct demo sessions or testing on historical data before starting to use automated systems.
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Is AI crypto bot profitable?
The benefits of using an AI cryptobot depend on many factors, including the quality of the chosen bot, the customization of its strategies, and the current market situation. While cryptobots have the potential to yield substantial profits in certain instances, there is invariably a risk of capital loss associated with their use. The use of a bot does not cancel the need for regular monitoring and control of its actions by a "live" person.
List of the best AI crypto trading bots
Traders Union presents a list of the best AI cryptobots and talks about the nuances of how they work.
Comparison table
| Name | Supported Assets | Pricing | Free plan | Supports Custom Strategies |
|---|---|---|---|---|
All (cryptocurrency pairs, futures, options, spot) |
Free |
Yes (Aurora AI) |
Yes |
|
All (cryptocurrency pairs, futures, options, spot) |
$19, $49, $99 |
Yes (Pioneer) |
Yes |
|
All (cryptocurrency pairs, futures, options, spot) |
£99/month, £149/3 months, and upwards |
No |
Yes |
|
All (cryptocurrency pairs, futures, options, spot) |
Free |
Yes |
Yes |
|
All (cryptocurrency pairs, futures, options, spot) |
$14.5, $24.5, $49.5 |
Yes |
Yes |
|
All (cryptocurrency pairs, futures, options, spot) |
Commissions only |
Yes |
Yes |
Bybit Aurora AI
Bybit Aurora AI is an innovative automated trading technology designed to improve and optimize trading strategies using AI. The bot uses advanced artificial intelligence algorithms to analyze market data and formulate optimal trading strategies. The platform offers different types of strategies including stable, high return and high frequency strategies. The Futures Grid Bot AI strategy demonstrates a success rate of over 70% of trades, emphasizing efficiency in generating consistent returns.
The bot is backtested using seven days of data to determine optimal strategy parameters and provide the user with recommendations on how to customize the bot. Historical market summaries are analyzed to identify 18 sets of optimal strategy parameters, focusing on factors such as profitability, arbitrage frequency and drawdown risk.
Bybit Aurora AI has a simple and straightforward interface, which makes it attractive to beginners and experienced traders. They can simply enter their desired investment amount and copy the intelligent parametric strategies formulated by the bot directly. These strategies are categorized as High Yield, Stable, and High Frequency, each tailored to different preferences and trading objectives.
Cryptohopper
One of the leading platforms for automated trading using AI. Cryptohopper supports a wide range of cryptocurrencies and interacts with over 70 leading markets, allowing users to diversify their portfolios and utilize different market opportunities. Within the Backtesting section, you have the capability to assess the strategy's performance using historical data. 8 cryptocurrencies are available: BCH, BNB, BTC, EOS, ETH, LTC, XRP, XTZ.
Sgurtochorper is a set of tools for trade automation focused on the use of bots. Users can create up to 20 bots simultaneously, customize their parameters through a user-friendly interface, and choose from four customizable strategies. Hopper trading bots are created based on three algorithms: automated trading (classic bot with the ability to customize parameters, sell, buy, Stop Loss and Take Profit), arbitrage and market maker.
Integration with 15 cryptocurrency exchanges via API keys allows users to quickly manage their assets on various platforms. In addition, additional tools such as account statistics, signal and strategy elaboration, as well as the ability to test in Paper Trading mode are available. Another feature of Cryptohopper is social trading, through which beginners can follow and copy other traders' strategies.
Learn2Trade
Learn 2 Trade Algorithm is a trading robot that works autonomously and offers unique opportunities by analyzing the market in real time and instantly notifying users of profitable trading opportunities via Telegram. By connecting the Telegram channel to a Cornix account, the client fully automates the trading process. The bot ensures that strategies are run in the background and risks are taken into account, making cryptocurrency trading more efficient and profitable for users.
The main focus of the bot is to identify daily trading positions that open and close within a few hours. However, depending on market conditions, automated trades that stay open longer can also be found. Learn 2's trading algorithm also includes stop loss and take profit price levels before making a trade. The minus of the bot is the lack of a free version.
The Learn 2 Trade bot uses entry and exit strategies, which allows it to manage risk by using limit orders and minimizing potential losses. The accuracy of the L2T algorithm is 79%, helping users avoid unnecessary losses and ensuring consistent profits by utilizing an appropriate balance of risk and reward. The robot uses a 1:3 ratio, setting an acceptable level of risk without the need to place orders manually.
Zignaly
This automated trading platform allows users to create, customize and run cryptocurrency bots, copy other traders' trades and participate in Profit Sharing. Zignaly is tailored for novice users and operates on a pay-per-profit model, exempting users from monthly subscription charges. The bot currently supports 21 trading signal providers to execute trades, connecting to cryptocurrency exchanges via APIs and utilizing cloud technology for continuous trading.
One of the key advantages of Zignaly is its feature-rich trading terminal with the ability to customize bots or import them from Trading View, as well as liquidity and trading pairs from leading crypto exchange Binance. The platform supports both spot and futures trading, and offers copy-trading with a free subscription. However, it should be noted that Zignaly lacks a mobile app, and third-party exchanges cannot be connected via API.
The platform has been operating since 2018, constantly updating and experimenting with different options. One of the key advantages of using Zignaly is the absence of commissions from the platform itself - the trader pays only exchange fees. The amount of the minimum investment is only $1, and you need to use a cryptocurrency wallet and a card to deposit funds.
3Commas
The main component of this platform is a web application available on the website. It provides extensive personalization options for crypto trading bots. Additionally, there exists a mobile application compatible with both iOS and Android devices. The trading bots at 3Commas are categorized into several types, each with its own unique characteristics. These include the DCA (Dollar Cost Averaging or "Dollar Cost Averaging") bot, the Grid bot, and the Option bot.
The main function of any 3Commas bot is to automatically open and close trades according to set parameters. For example, the DCA bot offers three options: Gordon bot, Wizard bot and "Advanced mode", each of which provides different levels of control and customization. Another interesting feature of the platform is the ability to control DCA bots using signals created in TradingView.
It is also worth mentioning the trading signals provided by the platform. Users can subscribe to various alerts that can be used to create trading bots. Some of the signals are available for free. This provides a wide range of tools for creating effective trading strategies. 3Commas supports working with 17 exchanges including Binance, Bitfinex, Bybit and Coinbase Pro. The platform has free and 3 paid plans.
Pionex
Pionex is a cryptocurrency exchange with free trading bots, giving its users access to 16 different bots, including the likes of Grid Trading Bot. Of these, this Singapore-based platform offers 12 proprietary trading bots that can be easily added to an account without the need for complicated customization. All bots are completely free of charge, and the only commission you will have to pay is a 0.05% trading fee.
The exchange provides liquidity through its partnerships with Binance and HTX (Huobi Global), which ensures that the bots are stable and eliminates liquidity issues. Indeed, Pionex ranks as one of the foremost brokers on Binance. Bots have their own features and uses, and when market conditions change, it can be useful to switch from one bot to another for more efficient operation. The Pionex platform provides its services in 15 languages.
To start trading on Pionex, you need to register an internal account by entering the required data and going through the verification process. The platform offers three levels of verification with different restrictions. Pionex also operates an integrated chart with technical indicators. These are handled by all bots - basic, strategic and advanced, each with its own interface and functionality.
Best crypto exchanges
Understanding AI Crypto Trading Bots
What are cryptocurrency bots with artificial intelligence and how to find a " language of understanding" with them? TU experts give an answer to these questions.
What are AI cryptobots?
Cryptobots with AI represent a modern solution to optimizing cryptocurrency trading. They are entire software systems equipped with advanced machine learning algorithms capable of analyzing market summaries and automating the decision-making process, allowing traders to focus on more strategic tasks. Bots can process huge amounts of data, detect trends and execute trades in real time, which would be physically impossible for a human to do.
The main advantage of cryptobots with AI is the ability to increase trading profitability and reduce risk. They can work 24/7 without interruption, reacting to market changes instantly and accurately, execute various trading strategies, from moving averages to arbitrage, depending on the presets and parameters. In addition, they have the ability to respond instantly to news and events affecting cryptocurrency prices.
How do they work?
Cryptocurrency trading bots use AI to collect and analyze data from cryptocurrency exchanges. This data includes information about prices, trading volumes, technical indicators, and news. Machine learning algorithms then process this data, identify patterns and trends in the market, and make decisions to buy or sell assets according to predetermined strategies. AI bots use a variety of trading strategies such as moving averages, RSI, MACD, technical analysis, arbitrage and many others.
One of the key advantages of AI bots is their ability to learn, that is, to improve their strategies based on new data. AI bots use machine learning and neural networks to adapt to changing market conditions and predict future trends. This allows them to remain efficient and competitive even in the fast-paced cryptocurrency market.
Bots are usually integrated with major cryptocurrency exchanges and provide access to their APIs, allowing traders to execute trades directly through the bot's platform. Some companies provide training and support to their users to help them master the use of the bot and develop effective trading strategies.
Key benefits of AI Crypto Trading Bots
TU experts counted at least 5 main advantages of cryptocurrency bots.
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Automated trading
One of the most important pluses of AI cryptobots and the main reason for their use. Bots work around the clock without the need for constant monitoring by the trader. This frees the trader from having to monitor the market throughout the day and night and allows them to focus on other aspects of their business or personal life.
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Quick reaction to market changes
Bots using AI are able to instantly analyze large amounts of data and make trading decisions based on predetermined strategies. This allows them to react to changes in market conditions in real time and take appropriate action extremely quickly to optimize trading results.
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Effective risk management
Many AI bots offer risk management features such as automatic setting of stop losses, take profit and other parameters. This helps minimize potential losses and protects trader's capital from adverse market movements.
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Analytics and forecasting
Cryptocurrency trading robots using artificial intelligence can perform complex analyses of market data and predict future trends based on detected patterns. This helps traders make more informed decisions and improve their trading performance.
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Scalability and flexibility
Bots using artificial intelligence can be easily customized and adapted to different trading strategies and trading styles. Both novices and experienced traders can benefit from their scalability and flexibility.
How to choose the best AI Crypto Trading Bots
Choosing the right AI bot can be a daunting task for a crypto trader. Traders Union experts are rushing to the rescue, highlighting 10 main factors to consider when tackling this task.
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Automated trading
One of the main points when choosing a cryptobot is the degree to which it automates trading. It is important for a trader to understand what level of intervention is required from him, so that the bot can independently analyze market data and make decisions about transactions. -
Customizable strategies
Good cryptobots with artificial intelligence should provide the ability to customize various trading strategies to meet the specific needs and preferences of the user. This can be a choice of timeframes, indicators and strategy parameters, analysis indicators, and more. -
Analytics and reporting
Analytics and statistics functions are useful features of an AI bot. The bot should provide detailed reports on executed trades, trade results, evaluation of strategy efficiency and other information that allows the trader to see all the results and make adjustments to the strategy. -
Safety and reliability
An equally important criterion when choosing a bot is its safety and reliability. A trader should be sure that his funds and data are under reliable protection and that the bot works stable and without failures. -
Cost of use
Of course, the cost of using the robot is also a significant factor in the selection process. A trader should evaluate the price/quality ratio of the service offered and decide whether it fits his budget and investment needs. -
Support for trading pairs and exchanges
Traders should make sure that the selected bot supports the necessary trading pairs and integrates with the cryptocurrency exchanges on which they plan to trade. Quite often bots may be limited to working only on certain pairs or exchanges.
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Compliance with regulatory requirements
Regulatory and licensing requirements for cryptocurrency bots may vary from country to country and jurisdiction to jurisdiction. A bot must meet all applicable regulatory requirements and have the necessary licenses, especially if a trader plans to use it to trade large amounts of funds. -
Quality of user support
It is worth paying attention to the quality of user support provided by the bot development company. Good support is critical when there are questions or problems using the bot. -
History and reputation
It is not a bad idea to research the history of the bot development company, find out how long it has been on the market, and read reviews of other users about their product. This will help you evaluate the reliability and quality of the bot. -
Integration with other tools
Many bots offer additional functions of integration with analytical tools, trading signals or portfolio management. And some bots do not have them. Traders need to consider the bot's compatibility with other services used in trading.
Choosing the best bot for cryptocurrency trading using artificial intelligence is a key step to achieving success in the market. Only careful research and analysis of the offered features will allow the trader to find the best solution.
How To Trade Cryptocurrency With AI Bot
Traders Union professionals have reviewed a step-by-step algorithm for trading with AI crypto bot, taking as an example the Aurora AI bot from the Bybit platform, the third largest crypto exchange in the world by trading volume.
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Step 1: Register on the Bybit platform
Go to Bybit's official website and create an account.
Fill in the required registration details including email address and password.
Complete the account verification process if necessary.
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Step 2: Authorization and access to the trading bot
Log in to your account on the Bybit platform using the credentials provided during registration.
Once logged in, on the homepage, hover over the "Tools" tab in the top navigation menu.
Click on "Trading Bot" in the drop-down menu to access the functions of the trading bot.
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Step 3: Select a strategy and parameters
Scroll down the page to the "Backtest Recommendations Aurora AI Zone" section.
Find the list of recommended parameters generated by artificial intelligence.
Select the strategy and parameters that match your preferences and trading goals.
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Step 4: Customize the bot and enter the parameters
Click on the "Use" button next to the selected parameter to start customizing the trading bot.
Enter the amount of investment you plan to use for trading.
Confirm the order details and click "Copy" to create the bot.
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Step 5: Launch and monitor trading
Once the bot is created, the trader can monitor its performance on the Bybit platform.
It is mandatory, especially at first, to check the results and analyze the performance of your bot.
Necessary adjustments to the strategy or parameters are made according to changing market conditions.
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Step 6: Stop and edit the bot
If necessary, you can stop the bot and edit its strategy or parameters.
To make the bot better fit your trading goals, it is advisable to decide and make changes from time to time.
After making changes, start the bot again and continue monitoring its performance.
Thus, following these step-by-step instructions, any trader can successfully start trading with Bybit Aurora AI and use it to optimize strategies and manage investments in the cryptocurrency market.
Risks of using cryptobots
Despite their popularity, the use of cryptobots does not guarantee super profits. The risks of losses do not disappear (and sometimes increase) if the trading strategy built into the cryptobot is not optimized.
To operate continuously, cryptobots may require additional funds for price averaging or to maintain a minimum balance on the exchange.
Cryptobots are less effective during periods of speculative volatility, or when market conditions do not match their program algorithms.
Constant monitoring and regular software updates are required - self adaptation of cryptobots may not be effective enough.
Note:
market makers and large players are well aware of popular cryptobots and can cause speculative price brokers to trigger massive liquidations of positions of traders using certain algorithms. Be vigilant!
Expert Opinion
"Artificial intelligence cryptocurrency bots are certainly an exciting and innovative trend in the cryptocurrency industry. While they can generate significant profits, it is important to remember that robots do not guarantee success and can lose all investor capital through risky transactions. Nevertheless, when used correctly and with adequate risk management, they can be a powerful tool for optimizing cryptocurrency trading."
Conclusion
Modern cryptocurrency markets are a complex and dynamic environment where every transaction can have significant consequences. Cryptocurrency bots with artificial intelligence are powerful software systems that allow to automate trading operations, increase the efficiency of strategies and minimize risks. This makes them a valuable tool for traders and investors seeking to succeed in volatile and competitive cryptocurrency markets.
The market offers a variety of bots, each with unique features and capabilities. When choosing a bot, you should consider key features such as automated trading, customizable strategies, analytics and reporting, security and reliability, and cost of use. Before using cryptobots, you should be aware of both the positive and negative aspects of this technology. Control over bots should always be exercised by a human.
Glossary for novice traders
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1
Broker
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
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2
Trading
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
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3
Cryptocurrency
Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
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4
Crypto trading
Crypto trading involves the buying and selling of cryptocurrencies, such as Bitcoin, Ethereum, or other digital assets, with the aim of making a profit from price fluctuations.
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5
Investor
An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).