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The Definitive Guide to the Best Crypto Trading Bots

Whether you are a newcomer to the crypto market, or an experienced crypto trader, it is likely that you have heard of crypto trading bots. While you might assume that these types of cryptocurrency trading strategies are reserved for advanced traders, automated crypto trading can be done by even novice traders. Regardless of your trading experience you will want to pick the best automated crypto trading bot around.

But what is the best crypto bot? There are both free cryptocurrency trading bots and paid services, each coming with their own benefits. Whether you are looking for a Bitcoin  bot, or an Ethereum trading bot, our definitive guide will walk you through the best free crypto trading bots in the industry and help you decide which one is right for you.

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Best Bitcoin Trading Bots

Coinrule Logo


  • Slick U.I. for new trading bot users
  • Free daily emails with trading strategy
  • Free account option
  • Attempts to provide professional-level trading to new users
Price Free - $449.99 USD/month
Supported Exchanges Binace, Bitstamp, Kraken + 9 more


  • Manage your crypto accounts in one spot
  • Diverse selection of bots and trading strategies
  • Free trail for new users
  • Solid reviews
Price Free - $44 USD/month
Supported Exchanges 10+
Trade Santa logo with Trade Santa caricatures

Trade Santa

  • Great entry-level trading bot platform
  • Virtual bot available to see how it all works without risking your own money
  • Completely automates the trading experience
  • Several pre-set strategies for trading
Price Free - $100 USD/month
Supported Exchanges Binance, Bitfinex, Bittrex, HitBTC


  • 16 automated trading bots available for free
  • Large selection of trading pairs and assets
  • Pionex is one of the biggest market makers for Binance and Huobi
Funding Methods Cryptocurrency only
Cryptocurrencies 200+
Countries Most (but several restricted countries)
HaasOnline Trading Bot


  • Advanced Trading Bot Platform
  • Cloud management available for users
  • Backtested and simulated trading
  • Refer friends to earn free Bitcoin
CryptoHopper Logo


  • Great introduction to crypto trading bots
  • Easy to set up for new users
  • Compatible with a large number of cryptocurrency exchanges
  • Full support for mirror trading
Price Free - $99 USD/month
Exchanges Supported Binance, Coinbase Pro, Kraken + 10 more
HodlBot Logo


  • Easy to use
  • Affordable
  • Users keep all their returns
  • Simple but powerful
Price $3 - $14/month
Supported Exchanges Binance, Kraken, KuCoin, Bittrex
Shrimpy Trading Bot Logo


  • Excellent free version that offers a large number of features
  • Social trading portion that lets you follow other traders
  • Different tiers for pricing with support for enterprise-level organizations
  • Automatic portfolio re-balancer
Price Free - $19 USD/month
Supported Exchanges 15+
GunBot Logo


  • Advanced trading bot for experienced traders
  • Support for over 100 different cryptocurrency exchanges
  • Available through various resellers
  • Many different Gunbot packages on offer
  • You can purchase Gunbot with Bitcoin
Price .05 BTC to .1 BTC for Diamand Pack
Supported exchanges 123+
Apex Trader

Apex Trader

  • Full-featured trading bot primarily for experienced traders
  • Highly configurable interface with over 100 technical indicators
  • Easy to set up but a wide variety of specific strategies available
  • Focuses on support with four of the biggest cryptocurrency exchanges
Price £30 - £60/month
Supported Exchanges Binance, KuCoin, Kraken, ByBit
Zignaly Logo


  • Great starting point for new trading bot users
  • Focused entirely on cryptocurrency
  • Different levels of automation available
  • Zignaly is 100% free unlike competitors
Price Free - $20/month
Supported Exchanges Binance, KuCoin

What is a Trading Bot?

A crypto trading bot is a piece of software that is designed to analyze cryptocurrency markets and to place buy and sell orders on the trader’s behalf. It is an automated crypto trading strategy that involves technical analysis and utilizes algorithmic trading rules to execute trades at an ideal moment in order to generate profit for the user.

Cryptocurrency trading bots act based on preprogrammed and algorithmic trading rules. Their decision making is hinged on the price fluctuations in the market, they analyze market conditions such as price, trading volume, time, and orders. The best crypto trading bots are often fine-tuned by their users to meet their own trading preferences. Left to their own devices even the best crypto bot can create losses for their users so despite automated bots doing the work for you, they need to be monitored and maintained.

What to Look for When Choosing a Bot

This is an obvious one, since crypto markets never stop if your bot suddenly went offline you could miss out on a big live trading opportunity. Therefore it is important to pick a bot that has a good track record and is run by a reliable company. This can be accomplished by reading user reviews and testimonies.


Another obvious one. Your bot has access to your funds, and often your exchange account as it has to use a trading platform in order to execute the cryptocurrency trading strategies that you have programmed. Picking an unreliable or shady trading bot could easily result in losing a lot of funds. As with reliability, the best crypto trading bots will have track records of security.

Ease of Use

While the best trading bot does not have to be easy to use, it is certainly something that is appreciated by both novice and advanced traders. After all, the whole point of using a crypto trading bot is to make your trading easier. Try and find a copy trading bot with an intuitive interface and simple control settings.


The whole point of using a bot to automate trading is to generate a profit, so this is another important factor. The best crypto trading bots generate the best profits for users. Do some research into the profitability of a bot before using it. Reliable companies provide information on their bot’s profitability.


The best crypto trading bot also has a transparent and often open source development process and support team. By choosing a bot with a reputable developer and trustworthy company history you can not only make extra profit but also get help if you need it. Knowing how the bot company operates is important information, make sure you do not choose a bot before looking into its founders and team.

Why You Might Want to Use a Trading Bot

There are a few reasons you might want to use a trading bot rather than executing trades yourself, the one caveat to using a bot being that you will still have to monitor what it is doing to an extent. Here are a few reasons you might want to use a trading bot:


Trading bots can analyze market conditions in multiple cryptocurrencies, simultaneously, and execute trades whenever there is room for making a profit. Whereas humans can only analyze cryptocurrencies and market conditions by going through them one by one. You can miss out on many profitable trades because you are looking at another crypto asset. Bots can do it all and more efficiently.

They can also conduct repetitive tasks such as periodic rebalances for you at a much faster rate. Not only that but they can execute trades instantaneously making their trades more effective than if you were to be sitting there executing trades manually. These are all benefits of automated trading.

Automated Functioning

With the price fluctuations commonly seen in cryptocurrency markets, human emotion can affect trade decisions negatively. But with an automated bot, it is pre-programmed and thus unaffected by emotion. Therefore, it will still follow its rules regardless of wild market changes.

Always Running

The crypto markets never stop, neither does trading. However, you cannot always stay in front of your computer executing trades. By having a bot running you can take advantage of trade opportunities 24/7 instead of just when you have time. This increased ability to take opportunity results in higher profitability.

Crypto Trading Strategy

There are a few different trading strategies you can use your bot for, and many bots come programmed with one of these strategies in mind. Here’s a look at some of the common trading strategies provided by crypto bots:

Mean Reversion

This strategy is built on the market making the assumption that if a price on a coin deviates from its average, it is destined to revert back to its average. Essentially this is a buy low, sell high strategy. If the price drops down below a market average, the bot will begin buying, if it goes up high, it will begin selling.

Momentum Trading

For this strategy, the investor holds short-term positions and sells at the peak of the wave before it crashes. This crypto trading strategy is based on the belief that prices will continue to rise above expected averages and inevitably fall. This means that entry timing (when a trader buys into a market) and exit timing (when a trader sells out of a market) is vital. A bot can analyze data and determine when to sell a position before everyone else tries to do the same.


Arbitrage strategy makes a profit by buying and selling on exchanges simultaneously to make a profit on the spread. Unlike momentum trading, this strategy is independent of market performance and is fairly low risk. It simply requires speedy buys and sells in order to exploit price differences before they close up. This is where the bot comes into play as it can make these trades simultaneously. The best crypto arbitrage bots will be able to execute trades with lightning-fast speed.

What Are The Best Crypto Trading Bots?

Here’s a quick rundown of the some of the most popular trading bots currently on the market. Please keep in mind that utilizing a trading bot always has some inherent risk and nothing offers guaranteed profit. You should never risk more than you’re willing to lose. With that in mind here are some of the most reputable trading bot companies currently in operation.


TradeSanta is a cloud-based software designed to automate your cryptocurrency trades and works on cryptocurrency exchanges such as Binance or Huobi. You can use it to long, short, or do you own custom automation. It has an intuitive interface, no trading fees and reliable security measures.

TradeSanta ranges from free to $42 a month.


Shrimpy came to market in 2018 and has become popular in the trading community. It offers the obvious buy and sell features while also offering rebalancing, back testing and social trading. They have a free option that includes almost all features with an affordable paid version as well ($13/month). It supports major crypto exchanges such as KuCoin, Coinbase Pro and Kraken – also, check out our Bitfinex vs Kraken for even more info.


Haasbot is a more advanced bot which is reflected in its price that starts at $254 per year. Started in 2014, Haasbot supports a large number of cryptocurrency exchanges and can give you access to multiple bots that can implement trade strategies on different exchanges and currencies simultaneously. The bot is run on cloud and thus you will not miss out on any trading opportunity even when you are sleeping.


CryptoHopper is an advanced paid platform that is easy to set up and use. It is another cloud-based platform and requires no installation with 24/7 trading. The bot also integrates with traders who share their trading signals, allowing users to assign their bot to trade according to these traders’ signals. More experienced users can customize their own strategies. It can integrate with most major exchanges.

CryptoHopper offers three pricing packages with prices ranging from $19 per month to $99 per month.


Coinrule is an emerging, easy to use automated trading solution aiming to be used by both technical and non-technical traders. The platform allows anyone to choose from a number of set strategies which can be back tested before being deployed. More experienced traders can construct their own unique strategies, and as a result, traders of all levels can actively engage in the always open crypto market and trade 24/7.

Coinrule offers subscriptions ranging from $29.99 to $249.99 while also offering a free plan.


Gunbot features lots of built-in strategies including Bollinger Band, Ping Pong, and Step Gain. Most of its 6000 active users think that the Bollinger Band strategy is the best creates huge profits. Gunbot operates on several major cryptocurrency exchanges and is considered one of the best Bitcoin trading bots.

Gunbot is a paid service with costs ranging from 0.04 BTC to 0.25 BTC depending on your needs.

Apex Trader

Apex Trader is a crypto trading bot platform that features trading bots that can be used to employ a number of trading strategies, is highly configurable, and provides over 100 technical indicators which means that anyone can create their own automated trading strategies and then deploy them to run 24/7 on a wide range of trading pairs. Strategies based upon Profit Taking, Reverse Trading, and Dollar Cost Averaging are all incorporated, and you can create and store an unlimited number of strategies.

Apex Trader has a 7-day free trial and then costs either 30 or 60 GBP per month.


Zignaly is a trading terminal with cryptocurrency trading bots that lets you trade automatically with help from external crypto signal providers. It is incredibly easy to use and can be utilized as a passive income machine. The platform lets you easily connect with a TradingView account, so you can use it with your favorite indicators. You can also customize your own strategy.

Zignaly is completely free to use and offers advanced features such as trailing while also offering the ability to pay for additional signal providers.

Best Crypto Exchanges

Ready to try trading bots for yourself? Check out our favorite crypto exchanges.

Crypto Trading Bot FAQ

The exact same way that any algorithm-based program works: By finding a pattern and exploiting it. That’s a massive oversimplification but that’s the gist of it.

They vary in price. Quite often trading bots incur a monthly or yearly charge. It also depends on the features and how much you want to customize the software.

Pretty much anyone can potentially make money by utilizing trading bot software. Keep in mind, however, that results vary and you are definitely not guaranteed to make money using a trading bot. There is risk.

Yes. But keep in mind you could also lose money by using a trading bot. Generally the best way to get involved is to start with a small amount of funds and see if you are turning a profit.

It’s important to understand the technology before you invest too much.

It depends on the jurisdiction but the most part there are no laws specifically against trading bots and automated trading strategies.

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