Top 9 Bitcoin Trading Bots in 2018 ~ InvestingPR.com InvestingPR.com

Top 9 Bitcoin Trading Bots in 2018

(Updated March 2018) Cryptocurrencies are here to stay, and most people know that. Most of them are trading bitcoin and other altcoins, as a way to generate extra income while still working their day jobs. Unfortunately, some are still new at this. They do not have time or possess skills to analyze crypto trading charts.

A bitcoin trading bot is essentially software that analyses market-based cryptocurrency trading data. Users are required to customize their software. After which, it analyses market information on their behalf, and executes trades automatically. This article provides a detailed account of some of the best bitcoin trading bots in the market.

The Best Bitcoin Trading Bots You Need to Know

Trading bots are very common in the bitcoin space. For optimal use, the customized software is embedded on a bitcoin chart of a cryptocurrency exchange of your choice. Analysis of market information and trade execution happens automatically. All you need to do is pray the trade goes in your favor and withdraw your profits.

With so many people depending on bitcoin trading bots, some developers are creating fraudulent software to cheat naïve individuals. To help you avoid substandard software we have compiled a list of the top 9 best bitcoin trading bots.

You might also like: Top 4 Bitcoin Price Predictions for 2018

1. Gekko

Gekko is a free bitcoin trading bot downloadable on the GitHub platform. Its software is open source and still being improved. The bot is supported by major crypto exchanges including Bitfinex, Poloniex, and Bitstamp.

Gekko is fully automated, easy to use, and straightforward. It is equipped with essential trading features including a web interface that monitors your data and trading strategies. Also, the bot can run on backtested data and visualize trade results.

The bot runs on all major operating systems including Windows, MacOS, and Linux. The bot can update you on the move through email, telegram, and other platforms. However, Gekko is not a high-frequency trading bot and does not execute arbitrage trades.

2. Haasbot

Haasbot is a bitcoin trading bot that was developed by HaasOnline in January 2014. It is supported by many exchanges such as Poloniex, Bitfinex, BTCC, GDAX, Huobi, Kraken, and Gemini. The bot automatically trades bitcoin, and many other altcoins on these exchanges.

The trading bot analyses market information on behalf of the user, but requires some input on trade execution. It is also customizable and is equipped with technical indicator tools. Haasbot can deduce trend patterns which users can use to trade bitcoin.

For optimal results, Haasbot users should be fully committed to trading bitcoin to get reasonable profits. The trading bot costs approximately 0.32 BTC every three months.

3. Zenbot

Zenbot is also on the list of open source bitcoin trading bots. The bitcoin trading bot is available for download on major operating systems and can be modified by the user. Zenbot is developed using artificial intelligence technique. For this reason, the trading bot can execute high-frequency trades and exploit arbitrage opportunities. Also, the software can perform multiple cryptocurrency trades simultaneously.

The trading bot is supported by major cryptocurrency exchanges including Gemini, Kraken, Poloniex, GDAX, Bittrex, and Quadriga. Zenbot developers say they are still striving to improve their product and in the future be supported on all exchanges. The current version, Zenbot 3.5, has had impressive results this year. It had a return on investment of 1.531 percent quarterly.

4. Crypto Trader

So far, this is the most popular bitcoin trading bot among traders. It is primarily cloud-based meaning it does not have to be installed on computers and can be modified by the user. It allows users to create algorithmic trading modifications in under a few minutes.

Crypto Trader comes equipped with a “strategy market” feature that allows users to trade strategies amongst themselves. Other features include the backtesting tool that enables users to test their trading strategy against backtested data as well as different market conditions. Crypto Trader is supported by major exchanges including Coinbase, BTCe, and Bitstamp.

5. BTC Robot

BTC Robot is one of the pioneer bitcoin trading bot in this space. The bot is downloadable on major operating systems, but at different prices. Windows users have a membership package plan for as low as $ 149 called the silver software. Mac users have to pay a higher fee.

The bot is easy to install and use. However, some people do not understand a few technical bits ending up in major losses. Others are pulling off modest profits with this bot. The trading bot has a trial period with a 60-day refund policy.

6. USI TECH

The trading bot is meant for Forex trading, but offers BTC packages. While most trading software requires installation and initial set up, USI TECH approach is quite different. Users do not have control over it, but still profit from it.

Users are required to “buy-in” from their expert bitcoin trade and mining connections, then the USI TECH bot guarantees them daily profit from the trades. Customers choose a preferred bitcoin investment plan which then earns them 1 percent of their capital, daily.

7. Gunbot

The Gunbot trading bot has many inbuilt strategies including Bollinger Bands, Gain, Step Gain and Ping Pong. Most users seem to think BB strategy is the best and rakes in reasonable profits.

The trading bot has three different price package plans depending on your spare change. The prices range between 0.1 BTC and 0.3 BTC. Gunbot is supported by many crypto exchanges including Bittrex, Kraken, Poloniex, and Cryptopia.

It’s recommended that users of this bot to pay attention to their trades, since it’s configured to deal with large market volatility. In case of large volatility turn it off, and leave the order on the books.

8. Leonardo

Leonardo is a newer trading bot that’s only supported by Bittrex, Bitstamp, Bitfinex, Poloniex, OKCoin, and Huobi. The developers are making major changes, and soon the bot will be supported by other exchanges.

The bot is equipped with two trading strategies, Ping Pong and Margin Maker. Leonardo is by far the best looking and is fully customizable. It used to cost 0.5 BTC a month, but now it’s available at $ 89 for a lifetime license.

9. Bitconnect

Bitconnect is not exactly a trading bot. It is a self-regulated system that’s designed to offer its users investment options. It is, however, 100 percent open source.

Users lend their capital to Bitconnect’s bitcoin volatility trading bot for a few days. In return, they have assured profits, shared between Bitconnect and the user. The user’s profit share is approximately 1 percent of their capital. At the end of the lending period, the system returns your money.

Conclusion

Cryptocurrency trading is not appropriate for everyone and these trading bots can be confusing especially for beginner traders. There are many trading bot providers available in the market. Due diligence is very important when purchasing from any of them. Users should ensure the bot developers they choose are trustworthy and reliable. Failure to do this will only expose your capital at risk, and you could wipe your account in the blink of an eye. However, if these bots are used properly, potential profits from trading is infinite.

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4 responses to “Top 9 Bitcoin Trading Bots in 2018”

  1. Zafar Yaqoob says:

    I think The Zenbot is Awesome, Right now I’m Using the Gunboat But the Zenbot batter then Gunboat Thank you for sharing With me these bots list.

  2. Eric says:

    Lol BitConnect trading bot? They never had one. It was a Ponzi.

  3. Sarah Stanton says:

    Usi Tech not looking clean and shiny in the industry (?) either.

  4. Carlos says:

    BITCONNEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEECT

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