In crypto, things move fast. It’s been said that a day in crypto investing feels like a month in traditional stock investing, and any Bitcoin trader knows that’s not an exaggeration. Things have only gotten faster as bots and automatic trading algorithms have worked their way into the mix.
It can be frustrating to be an individual trader and see the best prices on the exchanges snapped up by bots. But it’s a great feeling to be the one controlling these crypto trading robots! These complex software solutions exploit common market events and trends, earning potentially huge returns for their creators. Fortunately for the average investor, some of these crypto trading bots have been made available to the general population.
The Best Crypto Robots in 2017
Other Great Crypto Trading Robots
BTC Robot is almost a household name in the Bitcoin world, because it was the the first automated trading robot for crypto that emerged in the space in a big way. The formula is now well known: BTC Robot trawls the crypto exchanges looking for value discrepancies and pouncing when an opportunity presents itself.
CryptoTrader is an up-and-coming crypto trading bot that has the benefit of performing all operations in the cloud. The user doesn’t have to download any software, making this bot all the easier to use for beginners.
CryptoTrader users have the opportunity to make money through all of the established, well-known exchanges (Coinbase, Bittrex, BitStamp, Poloniex, etc.). Another cool perk is that users can socially exchange trading strategies, and you can even make money when other users select yours!
CryptoTrader is a great place to learn these complex markets. Because you’ll have a window into all of the popular Bitcoin trading platforms already mentioned, you’ll be able to see the market move in real time. What’s more, CryptoTrader can backtest any trading strategy you create or evaluate, so that you can see how these trading patterns would have performed in past real-world markets.
Gekko differentiates itself from its crypto trading robot peers because it is 100% open source. There are so many Bitcoin scams out there, and the crypto robot industry is no exception. An open source code base means that this platform has been audited by coders, developers, and investors all around the world. It’s trusted, it works, you should really give it a try.
While many of the cryptocurrency trading robots out there attempt to make automated trading a reality for their users, Gekko gives the user a lot more personalized control. As a new user, you’ll tell this bot exactly how you want it to perform in various market circumstances. It’s not the easiest option for beginners, but it’s also very powerful! This is a trade-off we think will pay off for a certain kind of crypto trader.
Gekko is a deep piece of software. You can do so much with it! Gekko keeps track of industry wide market data in real time, keeps track of various user-specified indicators, performs live orders in a variety of marketplaces, shows simulated orders to help you strategize, helps calculate risk and profit possibilities, visualizes a whole hold of data from past markets, shows future results based on past market performance, and graphs all of the above in an intuitive UI. That’s a mouthful, and Gekko takes a little getting used to, but that’s only because it can do so much.
At present, Gekko works with 18 popular cryptocurrency exchanges, including Poloniex and Bitfinex. You’ll be able to plug-in different communication platforms where cryptocurrencies are discussed in real time, such as Telegram. This will help you optimize your strategies at a moment’s notice.
Rialto.ai is the place to learn about a new cryptocurrency and arbitrage AI that promises to yield big profits to its investors. Rialto is a crypto token trading on EtherDelta, LiveCoin, and YoBit. The Rialto AI goes between exchanges looking for price discrepancies. When it finds a coin that is priced too low on one exchange, it automatically buys it and sells it on the exchange where the price is higher.This is the heart of arbitrage, and as simple as that equation sounds, it has been truly difficult for developers to create a crypto arbitrage solution that really works.
Haasbot is a proven crypto trading bot, but you’ll have to take care when you use it. Haasbot costs between 0.12 and 0.32 BTC per quarter to use, which is a lot of money now that Bitcoin is trading around $12,000 (at least at the time of this writing). User results will also vary, as Haasbot requires the user to specify their trading strategies before executing these actions on all the major exchanges.
Does this mean that Haasbot isn’t worth it? Not at all. Haasbot costs money for a reason, but this is only recommended to experienced crypto traders who know how to make winning trading strategies sure to yield returns enough to pay for Haasbot’s fees and beyond.
We love Zenbot because we love open source crypto trading robots. Open source is the key here. Experienced users will have full access to the Zenbot code, which they can alter for their unique purposes. As it is, Zenbot can already trade on multiple exchanges, multiple assets at once. It can even perform high frequency trades.
Zenbot has had three major upgrades, but seems to have settled on a formula that works. If you’re a fairly experienced user who wants to achieve more than 150% returns in the next three months (Zenbot’s numbers), then try the software as-is. If you want to see if you can beat these already strong results, have a try at refining the code yourself!