Best Crypto Trading Bots to Check Out in 2024
The continuous evolution of the crypto industry is a long-term trend, leading to increasingly sophisticated innovations. One such advancement is Crypto Trading Bots — state-of-the-art algorithms that not only simplify market operations but elevate trading to new levels.
The growing reputation of these bots has spurred the rapid emergence of new platforms, making it essential for crypto enthusiasts to carefully select the right one based on their personal experience and expertise.
The primary goal of this article is to guide users in choosing the most suitable crypto bot by presenting my top recommendations, based on my personal usage and experience.
Best Crypto Trading Bots in 2024
Here are my top picks for the best trading bots to consider using:
- 3Commas
3Commas is a cloud-based platform offering 21 trading bots and support for 20 currencies. The service provides popular DCA and Grid bots, as well as HODL and option bots, which can be quite complex for beginners. However, users can start with 3Commas’ paper trading feature to test strategies before diving in.
Another valuable feature of the platform is its trailing stop tool, which allows users to keep their position open as long as the price increases and automatically closes it when the price starts to reverse.
A particularly compelling aspect of 3Commas is its selection of bot presets created by professional traders. This enables users to copy proven trading strategies from experts.
Additionally, 3Commas has a notable partnership with CoinLedger, integrating automated tax reporting for users.
Users can either develop their strategies from scratch or copy strategies from professional traders, some of which may be available for free or for a fee. The platform’s bot presets, created by elite traders, allow users to adopt top-performing strategies with demonstrated success.
2. Pionex
Pionex is a platform that includes 16 different bots for trading, including:
- DCA (Dollar-Cost Averaging) Bot — This bot allows users to execute cryptocurrency trades based on a martingale strategy, which involves gradually buying in increments and then selling everything at once.
- Grid Trading Bot — This bot uses a grid strategy, enabling traders to set predefined price ranges divided into levels, forming a grid. It allows users to schedule market limits based on the values they select.
- Rebalancing Bot — This bot is an ideal choice for holders of multiple cryptocurrencies.
Pionex offers numerous advantages, making it a great tool not only for experienced traders but also for beginners. Key benefits include free bot usage, a highly competitive trading fee of just 0.05%, and the ability to use the software directly on the platform without the need for APIs to connect to third-party exchanges.
Notably, Pionex has recently integrated with ChatGPT, resulting in PionexGPT — an innovative AI tool designed for the automated creation of personalized trading strategies.
3. Kryll
The third bot on my list of the best crypto trading bots is Kryll. Kryll is an AI-powered crypto trading bot that distinguishes itself with its remarkably simple interface for building strategies, allowing users to design strategies graphically. This makes the platform an excellent choice for beginners and those who value intuitive, top-quality software with a user-friendly interface.
Kryll is well-known for its active community, but what sets it apart for advanced traders is the ability to publish your strategy on its marketplace for other traders to use. When others apply your strategy, you earn a commission, enhancing Kryll’s potential as a highly profitable option.
Additionally, Kryll provides users with a wide array of features, including the management of stop-losses, trailing stops, and multiple take-profits.
Disclaimer: The material presented in this article reflects the author’s personal opinions and is shared for educational purposes only. It is not financial advice. Anyone considering trading should seek professional or independent financial guidance.