In this guide, we’ll break down the best crypto trading bots on the market! We’ll detail the benefits that each trading bot — based on factors like pricing, ease of use, and exchange integrations.
Our Trading Platforms of Choice:
| Platform | Price | Key features | Experience level |
|---|---|---|---|
| Pionex | Free | 0.05% trading fees, DCA crypto buys, Report your taxes with CoinLedger | Beginner |
| Phemex | Free | Futures trading & spot trading bots, Bot marketplace | Beginner |
| Shrimpy | Three plans — Free, Standard ($15 a month), Plus ($39 a month) | Portfolio rebalancing, backtesting, social trading | Beginner to Intermediate |
| Coinrule | Four Plans — Free, Hobbyist package ($29.99 a month), Trader package ($59.99 a month), or Pro package | Create your own trading conditions, Telegram notifications and trading community in advanced tiers | Beginner to Advanced |
| Coinigy | Two plans — $18.66 monthly subscription, and a $99.99 monthly subscription | HD charting, 24/7 automatic portfolio monitoring | Beginner to Advanced |
| 3Commas | Two plans — $49 a month, $79 a month for Expert | Trailing stop loss tool, Sell by multiple targets | Beginner to Advanced |
| Trade Santa | Three plans — Basic ($25 a month), Advanced ($45 a month), Maximum ($90 a month) | 24/7 support, customizable bots, long and short strategies | Beginner |
| Kryll | Pay as you go — prices vary based on trading volume and how much KRL you hold | No code trading bots, Bot marketplace | Beginner to Advanced |
| Gunbot | 0.05 - 0.1 BTC, one-time payment | Service-based trading bots | Advanced |
Breaking Down The Best Crypto Trading Bots:
1. Coinrule
If you’re looking to try out bot trading for the first time then a free trial with Coinrule is a great place to start.
Based in the UK, Coinrule’s focus is making trade strategy design as accessible as possible.
With beautiful UI and an expansive tutorial section written with simple terminology, this platform was designed with beginners in mind. Coinrule allows you to build trading strategies within the Rule Page section using ITTT logic (If-This-Then-That) — which simplifies the process of setting conditions for your trades!
Prices
Coinrule has several pricing tiers. While the free platform is great for beginner investors, advanced traders with complex strategies and high trade volume may want to try the Hobbyist package ($29.99 a month), Trader package ($59.99 a month), or Pro package ($449.99 a month).
Exchanges
Binance, Coinbase, OKX, Kraken
Experience level
Beginner to Advanced
2. Pionex
Pionex is one of the world’s first exchanges with 16 Free built-in trading bots. Users can automate their trading 24/7 without constantly checking the markets. Pionex aggregates liquidity across Binance and Huobi Global and is one of the biggest Binance brokers. Pionex is also a certified CoinLedger partner, and Pionex users can leverage CoinLedger for streamlined tax reporting.
Features:
- Pionex provides 16 free trading bots for retail investors.
- The trading fee is the lowest compared to most of the major exchanges. The trading fee is 0.05% for maker and taker.
- Grid Trading Bot allows users to buy low and sell high in a specific price range.
- Leveraged Grid Bot provides up to 5x leverage.
- Spot-Futures Arbitrage bot helps retail investors to make passive income with low risk. The estimated return for this strategy is 15~50% APR.
- Martingale bot performs DCA buy, one-time sell to capture fluctuation profit.
- Rebalancing bot helps you to hodl the coins.
- Dollar-Cost Averaging (DCA) Bot Sets repeated purchasing at regular intervals to offset the effects of volatility.
- Smart Trade terminal allows traders to set up stop-loss, take profit, trailing in one trade.
- U.S. FinCEN’s MSB (Money Services Business) License approved
Mobile Apps: iOS & Android
Pricing
Free forever
Experience Level
Beginner
3. Phemex
Phemex offers a complete futures grid trading feature for free that is tailored for beginners. The bot enables users to automatically execute buy and sell orders for futures contracts at personalized preset prices.
The feature supports three distinct strategies and allows traders to navigate changing market conditions.
Currently Phemex grid trading bot supports futures contracts with spot contracts coming soon. Traders can take advantage by automating their profits and strategies with futures grid trading bots on Phemex.com and the Phemex app.
Pricing
Free for all users
Experience Level
Beginner
4. Shrimpy
Shrimpy is a portfolio management platform that also provides tools for automated trading. Shrimpy became famous for its auto-rebalancing portofolio tool, but later introduced a tool that allowed users to trade across multiple exchanges.
This is another platform that really stands out for its streamlined UI and strong tutorial section. They offer a wealth of features including backtesting, social trading, and portfolio rebalancing.
Shrimpy has a great community as well as social trading features built in. You can tap into the community through Reddit, Telegram, or Discord to learn more about how other users are leveraging the tool and making profits.
Shrimpy has also partnered up with CoinLedger to offer a simple solution for tax reporting to its users. If you become a shrimpy user, you can sleep easy knowing that your tax reporting can be automated with this partnership.
Pricing
Getting started building out your automated portfolio is free. Once you move onto more advanced features Shrimpy is $13-$19 per month. They also offer enterprise pricing for businesses and crypto companies looking to leverage their software for trading.
Exchanges
Binance, Binance.US, Bittrex Global, Coinbase, Gate.io, Gemini, Huobi, Kraken, KuCoin
Experience Level
Beginner to Intermediate
5.Coinigy
Coinigy is a cloud-based cryptocurrency trading platform that connects to more than 45 exchanges.
The platform offers HD charting, 24/7 portfolio monitoring, and the ability to add your exchange accounts with no additional fees!
Prices
Coinigy offers a free 7-day trial, an $18.66 monthly subscription, and a $99.99 monthly subscription with priority support and Coinigy CryptoFeed® & Enterprise API access.
Exchanges
Binance, Coinbase, Gemini, Kraken, KuCoin, Poloniex, and more!
Experience level
Beginner to Advanced
6. 3Commas
3Commas is a new contender in the automated trading bot space that uses Dollar Cost Averaging to inform trade decisions.This platform especially stands out for their trailing stop tool. This means that you can take advantage of a sudden price rally because the trailing stop will keep your position open for as long as the price increases. As soon as the price reverses, your position will automatically be closed.
3Commas is a cloud-based platform that supports 14 exchanges and charts and signals from TradingView.
3Commas has also partnered with CoinLedger to bring automated tax reporting to their users.
Prices
3Commas offers a monthly plan for $49 that supports up to 50 trades. For unlimited trades, you can get 3Commas Expert — which costs $79 a month! Prices are slightly lower if you pay annually.
Exchanges
Binance, Binance.US, Binance Futures, Coinbase Advanced, Kraken, Gemini, Bitfinex, and more!
Experience level
Beginner to Advanced
7. CryptoHopper
CryptoHopper is one of the most popular trading bots on the market, and it offers many of the features that a beginner should be looking for: paper trading, backtesting, trailing stop-loss and a strategy designer tool that makes it easy to customize your trading strategy with the help of over 130 indicators.
CryptoHopper has a robust tutorial section for beginners as well as the option of purchasing the best strategies and templates from expert traders. The platform’s dashboard makes it easy to subscribe to many external signalers.
CryptoHopper is cloud-based and supports up to 12 exchanges, and they are always adding more. For advanced traders, CryptoHopper has a marketplace of free and paid signals which you can combine with technical indicators to customize your own strategy.
Prices
CryptoHopper has 4 pricing tiers. The free tier allows you to use unlimited copy bots that copy the strategies of successful traders, while the higher tiers offer more advanced features and other types of bots.
Pioneer: Free
Explorer: $29 a month
Adventurer: $69 a month
Hero: $129 a month
Exchanges
Coinbase Advanced, Binance, Bitvavo, Crypto.com, KuCoin, ByBit, Binance.US, Kraken, and more!
Experience level
Beginner to Advanced
8. TradeSanta
TradeSanta is another cloud-based platform that offers a free trial and an affordable Basic plan at $25 a month. The Basic plan allows users to trade with up to 49 bots a month.
The TradeSanta website really excels at making automated trading feel simple. They have great tutorials and 24/7 support. You can build your strategy using their Long or Short templates or customize your own from scratch.
Prices
TradeSanta offers 3 pricing plans: Basic ($25 a month), Advanced ($45 a month), Maximum ($90 a month).
Exchanges
Binance, Binance.US, OKX, ByBit, Coinbase Pro, XGo, Kraken, HitBTC, HTX
Experience level
Beginner
9. Kryll
When it comes to building your own trading strategies, Kryll.io leads the market with their outstanding UI. Their strategy editor offers an intuitive drag and drop interface that allows you to build a trading strategy graphically. You can then try out your strategy in demo mode for free; you only have to pay once you start using it for real trades.
Kryll has a very active trading community which makes their Marketplace a competitive feature for the platform. If you think you’ve created a winning strategy, you can choose to publish your strategy in the Marketplace and earn commission from every trader that uses it. Beginner traders might want to start with renting a strategy from the Marketplace.
Prices
Kryll offers a pay as you go program — prices vary based on your trading volume and how much KRL (the platform’s proprietary token) you hold. Kryll’s website allows you to estimate fees — if you trade 1,000 USD in one day without holding KRL, it’s estimated you’ll pay $0.33 in fees.
Exchanges
Coinbase, Binance, Binance.US, KuCoin, Bybit, Kraken, Gate.io, Crypto.com
Experience level
Beginner to Advanced
10. Gunbot
Gunbot is a highly customizable trading bot for advanced traders. Gunbot is a server-based bot — which means it requires you to have your server running at all times. While it may be higher maintenance, Gunbot does offer more privacy than cloud-based bots.
Gunbot is known for its enthusiastic trading community where thousands of traders contribute in fixing bugs and improving product performance, so it’s no surprise that they support over 100+ exchanges. If you are a beginner, you can start out with their preset strategies. Otherwise, you can customize your own.
Make sure you are comfortable setting up this bot yourself. You should have experience and comfortability with code and installing your own program.
Prices
You can purchase Gunbot for a one-time payment which includes unlimited updates and support. The product is only sold in crypto and prices range from 0.05 to 0.1 BTC.
Exchanges
100+
Experience level
Advanced
What is a trading bot and do you really need to use one?
Automated trading bots use a set of rules that dictate when to buy or sell. Bots have been used in the traditional stock market since the 1980’s to curate index funds and diversify portfolios. These bots automate the work that investors have historically carried out themselves, which can save crucial time in the fast-paced crypto market.
In recent years, developers have created trading bots that predict price movements and execute trades based on signals and indicators. These are the most commonly used bots as crypto traders race to beat the market with a winning strategy.
While it’s true that you don’t ‘need’ crypto trading bots to be a successful investor, they can be a useful tool for high-frequency traders.
Features to look for in crypto trading bots and tools
Free Trial
Many of the trading bots in this list offer a free version of the platform. Trying out the platform for yourself is typically the best way to understand if it is right for you.
Social Trading
In addition to developing your own trading strategies, you may want the option to follow the strategies of other successful traders. A good strategies marketplace built within your trading tool of choice will make it easy and cost efficient to benefit from profitable trade strategies.
Backtesting
Backtesting allows you to test trading strategies against historical data to see how your algorithm or trading strategy would have performed under real market conditions. Obviously, you want to have access to backtesting features that create the most realistic simulations which means taking into account slippage and latency.
Indices
Many trading tools offer portfolio automation, and it’s important to consider how they create their indices. Unlike with stocks and securities, it’s not possible to maintain a complete index of all coins currently traded in the crypto market. A good trading bot should have educational content that details which coins are sampled and how market caps are weighted in the index.
Cloud based vs. Server based
If a trading tool is server-based, you will have to keep your server/computer running at all times to make sure you don’t miss any trades. While it does require some technical know-how to run trading software on your own server, the upside is that it’s more customizable and typically has higher performance. If this is a priority for you, then there are some great open-source programs on this list.
Trading Communities
Many of the trading tools on this list have made big investments in community development, while others are more suited for the lone wolf traders. Compare how active the trading communities are on Telegram, Reddit, or Discord. It’s also important for you to consider the country and language of the trading community as crypto regulations are different all around the world.
Support & Tutorials
As you consider which trading tools to use, take a look at the educational content and customer service options available on the site. To reach the growing market of new crypto traders, many of the platforms on this list have developed training modules, blogs, and videos to educate their users and provide customer service options through email and live chat!
Crypto Tax Software Integrations
It can be easy to rack up a high number of trades when trading with crypto bots and automated tools. This can make reporting your crypto gains and losses on your taxes challenging.
Crypto tax software like CoinLedger can help. The platform integrates with many of the top trading bots and exchanges to help simplify the tax reporting process.
Checkout this guide to learn more about how crypto tax reporting works.
How to report your crypto trading taxes
Before you get started with your automated trading strategy, you should make sure you have a plan for tax reporting.
Cryptocurrency is treated as property by government agencies like the IRS, which means you need to report your capital gains and capital losses from each of your cryptocurrency trades on your yearly tax return.
This can be difficult to do by hand if you have a number of trades across various exchanges. Cryptocurrency tax software like CoinLedger is built to automate all of your crypto tax reporting so you don’t have to do any manual work. Simply connect your exchanges and generate your tax reports with the click of a button.
To help simplify the tax reporting process, CoinLedger has partnered with many of the trading bot providers on this list!
If you want to learn more about how cryptocurrencies are taxed, how to report, and how CoinLedger can automate the process, check out this article here: The Complete Guide To Cryptocurrency Taxes.
