Top 6 Reliable Free Bitcoin Signal Providers
One great option for trading Bitcoin as a beginner is to use the best Bitcoin signals out there. Bitcoin signals are handy little tools that notify traders when there are significant changes in the value of bitcoin, so they can make more informed decisions about buying and selling in real-time. This guide will break down everything you need to know about cryptocurrency signals, how they work, how to use them, the six best free Bitcoin signals you can use, and some pros and cons of each option.
Get the Best Bitcoin Signals on eToroTop 6 Reliable Free Bitcoin Signal Providers
| Crypto Trading Signals Provider | Platform | Terms of Use (for example free or semi-free) | Features |
|---|---|---|---|
Zignaly |
Zignaly |
Free basic account |
Web signal type, trading bot support, profit sharing. |
Copy Trading |
Free |
Easy market filtering, lots of currencies outside of crypto. |
|
BeinCryptoCommunity |
BeinCrypto |
Free with “pro” option |
Telegram signal type, lots of educational materials, social trading. |
Crypto Quick Scanner |
Altrady |
Free |
Lots of free crypto signals, easy signup, monitor over 5,000 crypto markets. |
100eyes |
100eyes |
Free |
Telegram signal type, dependable automatic messages, great for beginners. |
Coin Market Scanner |
Binance |
Free |
AI signal type, Binance focused, includes closing price. |
Bitcoin Signals on Zignaly
Zignaly is one of the best bitcoin signals that you can find for free at the moment. Zignaly is completely free to use, though the platform does offer premium memberships and add-ons if needed. Still, the free signal from Zignaly works wonderfully.
Zignaly is quite popular because it’s cheap, unique, and easy to access. Traders on Zignaly can easily follow analysts and engage in copy trading. It’s totally free to sign up, but keep in mind that some analysts and traders require fees to connect.
Important Features:
Pros: There are a ton of different signal providers, there’s little opportunity for fraud, the accuracy of signals are visible to everyone, and there are many different types of educational content.
Cons: Notification frequency is inconsistent, many analysts and traders charge a fee for follows
Best Bitcoin Signals on eToro
eToro provides some of the best Bitcoin signals on the Copy Trading platform. eToro is completely free to use.
Etoro is a trading platform with tons of features, one of which is the ability to follow and view what other traders are doing in the market. You can create your own copy trading signals by following notable expert traders on the platform.
Important Features:
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Free stock and ETF trading
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Social trading focus
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Tons of trading and monitoring features are available for free
Pros: Signals are very easy to access, there are no fees. accounts are easy to launch, and eToro is designed for copy trading specifically.
Cons: There are some high fees for certain features, you can only use one base currency per account, and their customer support for signals is lacking.
Crypto Trading Signals: BeinCryptoCommunity
BeinCryptoCommunity is one of the best bitcoin signals available on the BeinCrypto platform. BeinCryptoCommunity is completely free to use without the need to get a subscription.
BeinCryptoCommunity is essentially a trading signal group. The platform itself is home to many of the biggest experts in the crypto trade, and they are constantly offering knowledge and insight into the market.
Important Features:
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Telegram-type signals
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Signals are offered for free
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Tons of useful educational materials
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Free entry
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Opportunities for beginner traders to network
Pros: Some of the best signals available for free, great customer support, signals are properly researched, and opportunities for social trading are endless.
Cons: The paid signals are more reliable than the free ones and signals can sometimes be inconsistent.
Best Bitcoin Signals on Crypto Quick Scanner
Crypto Quick Scanner is one of the best bitcoin signals on the Altrady platform today. Crypto Quick Scanner is completely free to use.
This signal is a crypto scanning application developed by the crypto trading platform Altrady. This platform focuses quite a bit on innovation and ease-of-use tools that make crypto trading easier. If you’re looking for something that is as user-friendly as it gets, this signals is worth looking into.
Important Features:
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Designed for newbie traders who want to build their wealth
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Monitors over 5,000 crypto markets in 10 crypto exchanges
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Compatible with Binance, Poloniex, Kraken, Coinbase, and many more
Pros: Offers some of the best crypto signals you’ll find, is easy to access with just an email address, and you can easily configure your CQS settings to receive alerts that align with your needs.
Cons: The user interface could use some updating
Crypto Trading Signals: 100eyes
100eyes is another excellent bitcoin signal provider. 100eyes is completely free to use and quite user-friendly for beginners.
Wouldn’t it be nice to have a hundred eyes available to keep track of the crypto market? 100eyes makes it a possibility by using Telegram to automatically send out market alerts to traders.
Important Features:
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Notifications are dependable
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Provides insight into important news as well as monetary changes in the market
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Detects RSI divergences, volumes, etc
Pros: It’s completely free, supports all of the crypto pairs on Binance, and can be used for other exchange market platforms.
Cons: The application itself is a little too simple and could use more features.
Bitcoin Signals on Coin Market Scanner
Coin Market Scanner is one of the best bitcoin signals designed for Binance tracking. Coin Market Scanner is completely free to use, which is rare when it comes to Binance-focused bitcoin signals.
Coin Market Scanner uses AI to develop crypto signals for Binance. Through the use of artificial intelligence, CMS can help Binance traders understand more about the profitable pairs available.
Important Features:
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Can be used with Binance’s trading bot
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Fully automated and based on trends in the crypto market historically
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Utilizes graphics and visualization to help newbie users understand movements in the market
Pros: It’s ultra-simple to use, the AI is dependable, it provides insight into the last closing price, and it recommends settings.
Cons: The app might be a little too simple and the bot feature is still in the early alpha stage with lots of bugs.
What are Bitcoin Trading Signals
Crypto trading signals or Bitcoin trading signals are trading ideas and recommendations that are based on expert agreements to buy or sell a particular type of cryptocurrency at a specific time and cost. The best crypto signals out there are created by top-notch market analysts or via artificial intelligence algorithms (and special trading bots) that are capable of generating the crypto signals automatically and reliably.
Many traders love bitcoin signals because they make it possible to start participating in the crypto market as a beginner with little knowledge of crypto trading. Signals also make it possible for newbies or casual traders to capitalize on potential short-term cost movements without the need to be a trading expert. You don’t even need a ton of knowledge about how crypto works to start trading successfully with crypto.
Bitcoin signals usually come with Take Profit and Stop Loss algorithms designed to help reduce potential losses. You can easily access free signals all over the internet or via Telegram. However, many crypto traders tend to choose premium signal provider services that cost a monthly fee to get up to ten to fifteen signals per week. Luckily, not everyone has to opt for paid options. Our list of the six best free bitcoin signals can be used by anyone without having to pay a dime, though some of our entries offer optional premium services for those who want them.
Our list of the best bitcoin signals out there for free was compiled based on a few key elements. We only picked the signals with the best reviews, the most features, and those that are completely free. Paid bitcoin signals can be useful and often offer more features, but we understand that not every fledgling bitcoin trader has a ton of money laying around. (Yet.)
Main Bitcoin Signals Platforms
Bitcoin Copy Trading Signals
Trading platforms that allow copy trading can be beneficial for absolute newbies. Basically, copy trading is the process of following one expert crypto trader on a trading platform and copying all of their movements. Signals based on copy trading will simply follow the trader for you and deliver a notification when a new move is made, so you can copy it. It’s pretty simple. Still, keep in mind that even expert traders can make mistakes.
Telegram Bitcoin Signals
Providers will deliver text messages, emails, or push notifications based on severe changes in the crypto market, along with recommendations.
For example, a telegram bitcoin signal notification might look like this:
BTC/USD
Go Long
Limit Price of $3,000
Stop-Loss Price of $2,590
Take Profit Price of $3,233
A telegram signal will tell you which orders you should place on your platform of choice. The number of signals you get will depend on your platform or provider of choice. Typically, free telegram bitcoin signals offer fewer notifications than premium signals.
Discord Bitcoin Signals
If you regularly use Discord, you might benefit from joining Discord bitcoin groups to access signals. Discord is a massive online platform for voice, video, and chat communications. There are many crypto communities on Discord, and many of them offer signals. Rather than waiting on automated notifications on when to trade, users can browse their Discord group of choice and keep an eye out for advice and guidance from experts in the group. If you’re a trader seeking expert signals advice and don’t mind doing some browsing, Discord could be a great choice for you. Discord groups in general are great places to explore to learn more about crypto as well.
Twitter Bitcoin Signals
Twitter is a massive social network that is organized by hashtags and accounts. Different hashtags and accounts are updated constantly, and all one needs to do is track a specific hashtag to get live, real-time updates on new posts under that hashtag. This has greeted an opportunity for people and AI-generated bots to put out Bitcoin signals. Twitter crypto signals are like any other kind of signal, only you track specific hashtags and follow certain accounts, then open Twitter to view them whenever you feel like it. They are a lot less disruptive than other types of signals. Popular bitcoin signal accounts include @maxkeiser, @APompliano, and @scottmelker.
Pros and Cons
There are some pros and cons to using crypto signals.
👍 Pros of bitcoin signals
• They remove the need to watch the market constantly like a day trader, which takes up time and can be stressful.
• Top-notch crypto signals reduce market risks since you are receiving real-time notifications about market fluctuations.
• Anybody can begin trading cryptocurrency without any expertise, requirements, etc. You can start with just enough assets to purchase coins.
• Crypto signals can help you make money while learning about crypto, but they can also provide valuable knowledge and insight into how the market works.
• Trading crypto can be quite profitable if you use the right signal.
👎 Cons of bitcoin signals
• Because signals are reliant on trader expertise, you are essentially relying on other people to make a profit. There isn’t an expert trader out there that isn’t capable of making a big mistake.
• It can be easy to rely on signals instead of educating yourself about how crypto works, which can be problematic in the long run when it comes to decision-making.
How to Choose a Bitcoin Trading Signals Provider
Essentially, you just need to do your research well. Look at the reputation of your prospective signal provider. Do they have great reviews or lots of complaints? You should be able to find a great signal provider by searching this article, but if you want to find more, they are only a quick Google search and background check away from earning you bitcoin.
Just as well, you can also test a number of different signals with a very small amount of capital to see how well they work. Taking the testing process into your own hands can make it much easier to find the right signal for your trading needs.
Best Crypto Exchange for Bitcoin Signals
We believe that Binance is the best cryptocurrency exchange for trading Bitcoin signals today.
This exchange has a number of undeniable advantages:
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The platform is compatible with most of the top signal providers;
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Top ranked terms of trading volume in 2023;
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About 400 cryptocurrencies are available for trading;
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Low commissions and no hidden fees.
Summary
Our favorite free bitcoin signals include eToro, BeinCryptoCommunity, Zignaly, Crypto Quick Scanner, 100eyes, and Coin Market Scanner. You can also try utilizing copy trading signals, telegram signals, Discord signals, and Twitter signals, depending on your trading style and how often you want to be updated. Remember, a signal could be an automated application or simply the social media account of an expert trader. It all comes down to how much expertise is being offered to you in terms of trading advice.
FAQs
Are Bitcoin Signals even worth it?
We certainly think so! Signals can help newbie traders make money while they learn the ways of crypto. No time wasted, no opportunities lost. And with free signals, you really don’t have anything to lose.
Are Best Bitcoin Signals Legitimate?
It depends on the signal you choose. All of the signals we’ve discussed in this guide are indeed legitimate. It helps to do some research on the reputation and reviews of a provider before using signals to ensure their legitimacy.
Is it Possible To Make Money With Best Bitcoin Signals?
Absolutely. That’s the whole point of using crypto signals. They are a great way to receive real-time information about changes in the market, so you can make more informed decisions about when to sell or buy your crypto. Keep in mind that signals don’t guarantee success, though. Only invest what you are not afraid to lose.
Should I Pay For Crypto Trading Signals?
There are many excellent crypto signals out there that cost a fee to use. There’s no harm in spending a bit of money for a month to test the legitimacy of such signals. However, you don’t have to pay for crypto signals. There are plenty of great free options available online, many of which we mentioned in this guide!
Team that worked on the article
Johnathan M. is a U.S.-based writer and investor, a contributor to the Traders Union website. His two primary areas of expertise include finance and investing (specifically, forex and commodity trading) and religion/spirituality/meditation.
His experience includes writing articles for Investopedia.com, being the head writer for the Steve Pomeranz Show, a personal finance radio program on NPR. Johnathan is also an active currency (forex) trader, with over 20 years of investing experience.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!
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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.