Top 5 Bitcoin Trading Bots

Top 5 Bitcoin Trading Bots

After a bit of a shaky start cryptocurrencies are definitely here to stay. However, for newcomers, a problem arises when it comes to analyzing the trading charts.

Still, a solution has come in the form of trading bots. To put it simply, these programs are essentially configured to keep an eye out for certain indicators and trends, and take specific actions based on the prevalent market conditions.

To help new Bitcoin traders, we take a look at 5 of the best Bitcoin trading bots that can help you make proper profits and get your piece of the Cryptopie.

Cryptohopper

Cryptohopper is a bit of a newcomer when it comes to automatic trading, but the bot has also seen some stead growth when it comes to popularity.

This growth also hasn’t been by accident. For one, it is the only cloud-based cryptocurrency bot available on the market, meaning that it’s capable of trading even after a user switches off their computer. The Cryptohopper bot is also really easy to use, especially for newcomers to the trading scene. It is the only bot to embed external signalers which will make it easy or inexperienced traders to allow their bot trade on autopilot with the expertise of these signalers. Experienced traders can also make a manual approach by configuring sales base on a wide array of technical indicators.

ROFX

ROFX is especially popular among both beginners and experts, especially, due to the fact that it helps provide a level playing field for everyone.

ROFX if a fully automated system which means that while it can provide beginners with a way of earning some passive income, it also helps relieve the pressure of staring at charts all day for experts.

ROFX has been around for almost a decade, and it has proven itself consistently. It’s powered by Artificial Intelligence and it guarantees users almost 100% profit. The user interface is smooth and transfers are as easy as you can get on any other Bitcoin trading bot.

Gunbot

Gunbot features a wide array of inn-built strategies, including but not limited to Bollinger Band, Step Gain and Ping Pong. A lot of people are of the opinion that the Bollinger Band strategy is the best and it will help them record some astonishing profits.

However, Gunbot come with 3 packages that vary according to price. These prices range from 0.1BTC to 0.3BTC.

Gunbot is also available on a wide array of cryptocurrency exchanges including Kraken, Bittrex, and Poloniex.

However, it is recommended that you pay attention to your trade when using Gunbot. It is configured to deal with market volatilities, so you might want to turn it off when the volatility is high.

Zenbot

Zenbot is another free Bitcoin trading bot. It is an open-source bot and it is available on all major operating systems. You can also make modifications to it in order to match your own specific preferences.

Zenbot was created with a basis on Artificial Intelligence which means that it is capable of exploiting the arbitrage opportunities and making some high-frequency trades.

Additionally, Zenbot is capable of performing many cryptocurrency trades at the same time.

Zenbot is available on exchanges like Poloniex, Bittrex, GDAX, Kraken and much more.

Crypto Trader

Among traders, Crypto Trader is the most popular Bitcoin trading bot. It’s cloud-based for the most part, meaning that you won’t need to install it on a physical computer to make use of it and you can also make modifications to fit your preferences.

Crypto Trader also comes with a strategy market feature which allows a trader to trade strategies with others. The bot also includes a back testing tool that enables users to test the trading strategies with prevailing market conditions.

Crypto Trader is available on exchanges like CoinBase, BTCC and Bitstamp.