Which Cryptocurrency Trading Bot Should You Use?

To make trading cryptocurrencies easier, use a cryptocurrency bot. Cryptocurrency bots execute orders according to your trading strategy, so you can instruct the bot to buy coins at a $10 price and sell them for $9. Most providers will charge a monthly or annual subscription fee, and the supported cryptocurrencies, exchanges, and account options differ. Listed below are a few options to consider: TradeSanta, 3Commas, Trality, and Stoic’s.

TradeSanta

Users can set up the behavior of their robots to suit their needs. TradeSanta lets you configure the behavior of up to two bots and allows you to use any number of exchange-listed pairs. The bot will automatically open and close trades according to your parameters. You can also configure additional orders to capitalize on changes in prices. These extra orders help the bot adjust its strategy and perform well in different market conditions. If you want to learn more about TradeSanta, read the following paragraphs.

There are several key features that make the TradeSanta bot an excellent choice for a beginner or for someone who has no experience in trading. It requires no coding skills and offers a wide variety of trading templates. As a beginner, you can easily set up automated trading rules and run them 24 hours a day. You can back-test your bot to see how it performs, and it supports most major exchanges.

3Commas

The 3Commas cryptocurrency trading bot has a range of options to suit a range of different users. Beginners can simply launch their account, connect to their exchange and engage in copy trading. More experienced users can customize automated trading strategies, safety trades and desired profit. You can also choose from a simple bot or a composite bot. For both types, you can get comprehensive analytics and control over your investments. This cryptocurrency trading bot also allows you to adjust the parameters for each type of trade.

The 3Commas cryptocurrency trading bot has a $750 total portfolio limit and supports Binance Futures, BitMex, and ByBit. 3Commas supports margin trading and uses a dedicated Smart Trade terminal for manual trades. It’s like a trading dashboard on steroids. This bot uses artificial intelligence (AI) to constantly analyze market conditions and adjust its performance accordingly. However, you should always follow the recommended risk-reward ratio to protect your investment.

Trality

The Trality crypto trading bot is a cloud-based platform that makes it easy to build, backtest, and deploy your own bot. Since it runs on the cloud, users don’t need to download extra instalments or manage a server. All you have to do is sign up on the site, verify your identity via a standard confirmation email, and start developing your bot. With four pricing tiers, you can choose which plan suits your trading style and budget best.

The Trality algorithmic platform has state-of-the-art tools and promotes the concept of learning and developing as a trader. Users can choose from a Code Editor or a Rule Builder to write their own trading strategies. All the trading strategies are end-to-end encrypted. Trality is also compatible with Coinrule, another automated trading platform. Coinrule provides 150 trading strategy templates, real-time customer support, and allows you to test your strategy against past data.

Stoic’s

This automated trading bot is perfect for those who don’t have a lot of experience in cryptocurrency investing. It manages a portfolio of digital assets and makes quick trades when certain conditions are met. It’s also completely user-friendly, requiring no special knowledge or experience. It’s compatible with iOS and Android devices. You can learn more about how it works by reading its user manual. Here are some of the benefits of Stoic.

The program was developed by Cindicator, a firm that entered the cryptocurrency industry in 2017 and has been a successful player ever since. The company has been through many booms and busts and continues to ship successful products. There are risks involved in cryptocurrency, but the software works with Binance, an exchange that has invested millions of dollars in securing its users’ funds. Unlike other platforms, Binance has never lost a single user’s funds.