Top Binary Options Broker 2020!
Perfect For Beginners and Middle-Leveled Traders!
Free Education How To Trade!
Free Demo Account!
Big Sign-up Bonus!
Good Choice For Experienced Traders!
Ethereum Code Bot Review: Another Scam
Ethereum Code Bot Review: Another Scam
Last Updated: Dec 16, 2020 @ 8:47 am
Ethereum Code Bot was created in 2020. They claim they already have many satisfied users (which is not true). Can they really have many satisfied users in just 3 months? This is the question we are asking scammers. If you want a good Crypto trading robot, visit this page to learn more.
By the way, during research about them, we found out that they were on the market before. From 2020 exactly. WHOIS shows that the date of creation was on October 1st, 2020. Some of their domains from before was: ethereum-code.com and theethereumcode.com
The question that comes to me is: “Why would anybody change domain name and foundation year if they were legit and successful?”
Ethereum Code Bot Review
Ethereum Code Bot should be an auto trading platform that allows you to trade cryptocurrency called Ethereum. They claim most of their users earn several thousands of dollars every day. Is it reasonable to expect to earn several thousands of dollars every day? Let us do some math. We promise we won’t make it boring.
According to cryptocompare.com, on the day March 22nd 2020., chart shows the change of price in 24 hours for $3.09 (138.04 – 134.95). For the sake of math, let’s assume the lowest is $135 and the highest at $138.
Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you! With the ETBOT software, only YOU are in control of your investment funds. The software works using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2020! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020 . If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started. PS: ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by Valforex.com.
Now, in order to EARN just $1000 of profit, you would have to buy roughly 333 Ethereum for the price of $138. That means you would have to invest $45,954.00 to gain a profit of $1000.
Yes, you read it correct! You would have to INVEST capital of 46 THOUSAND dollars in order to get ONLY 1000. Hello? Are you freaking kidding me? And that assumes Ethereum is going up. And what happens if Ethereum goes down? Bye-bye, your money. You may well go hang yourself with a rope. Oh, but you are broke and can’t even afford a rope to buy…
Bitcoin Future Bot Review: Another Scam Trading Robot. Don’t Be Deceived!
A purely peer-to-peer version of electronic cash allows online payments to be sent directly from one party to another without going through financial institutions like banks and government control.
Bitcoin puts an end to Banking system parasites: Forget all the ridiculous bank wire fees and commissions.
Chalk up another win for crypto-currencies: Online retailer Overstock has started accepting bitcoins as a form of payment. As announced by Overstock CEO last month, the company has partnered with Bitcoin platform Coinbase to enable bitcoin payments on Overstock.com.
Top Binary Options Broker 2020!
Perfect For Beginners and Middle-Leveled Traders!
Free Education How To Trade!
Free Demo Account!
Big Sign-up Bonus!
Good Choice For Experienced Traders!
Chalk up another win for cryptocurrencies: Online retailer Overstock has started accepting bitcoins as a form of payment.
Among others top vendors accepting bitcoin are Las Vegas Casinos as well as Lamborghini and McLaren Dealerships who Drive Bitcoin Adoption in USA!
Apart from adding credibility and legitimacy, this move has already prompted more companies to start using Bitcoin.
This is the “Hard Way”, for which you receive coins by helping the system to verify secure transactions. This process requires a lot of computational power, typically multi-core CPU systems or specialized bitcoin miners. The algorithm is designed in such a way that mining becomes more and more complex and less and less profitable with time.
FYI, the BEST secret about this latest BTC Robot v2.3 version is that it can generate profits on TURBO! When you run it in Scalper mode, it trades much faster than usual and generates MUCH more profits than the regular Medium-term strategy. With the current cost of BTC at approx $10.5k, the robot has shown profits of +$95.6k on Bitcoin alone, that’s a return of 9x or 900% on BTC only! Not to mention, much larger returns on ETH and LTC as well, which easily crosses the 200x factor.. so, that’s a TOTAL of 29,000% across ALL 3 cryptos since the beginning of 2020 till Aug’19, which is less than 3 years!
Bitcoins are limited in amount. you canNOT produce them out of thin air nor reprint them, thereby making them safe from inflation!
100% Secure! NON-CLOSABLE!
Bitcoins are unhackable lines of code, that you can even stash on your cellphone, in an E-wallet or download to a USB stick and keep them SAFE!
Pay using them, store them, collect ’em. the option is yours!
To make it even better, Bitcoin is decentralized. No one owns it. it’s like the Internet.. you can shut down a machine but you can`t kill it. It’s a living and expanding entity on its own.
So, no matter how hard a government might try to put it down. they cannot succeed!
The bottom line to EARN them, however, is that.
Imagine if you had a fully automated Bitcoin trading robot, working for you on autopilot around the clock?
Trading Around The Clock. Even on weekends??
Forget Forex limitations such as not trading on weekends, Bank Holidays and other big bank B.S.
There are no banks controlling it, meaning we don’t have any bank limitations on the trading time, thereby giving you a unique opportunity to profit around the clock, two extra days a week!
Here is the Live trading account that is traded by a Bitcoin robot in front of your eyes, completely on autopilot!
The robot does not sleep, does not take holidays or stop on weekends. It is an everlasting profit machine at your fingertips:
When it comes down to technology and IT developments, hats off to ’em, nothing comes close to Russian brains.
We united our efforts with a team of the brightest Bitcoin traders and programmers from Russia.
Don’t get me wrong though. It’s hard to be a pioneer in the field. It’s even harder to develop the first fully automated system in such a new market.
Yes, it was not easy. Over 2 years in development, plenty of trial and error.
We really wanted to perfect it. Over 3800 lines of code.
Sleepless nights and beta-tests in private groups.
You can fund your broker account with Bitcoins (BTC), Ethereum (ETH) or Litecoin (LTC), or even USD, EUR, GBP or any other currency that your broker accepts. Most MT4 brokers offer various payment methods, the details of which can be found on their individual websites.
Good question. No, the Bitcoin exchange market does not lose any money due to your profitable trading. In fact, it is gaining a lot of money because they charge a small commission on every trade. For example, yesterday their exchange volume was $512,213, which means +4000 BTC commission made. The losers are other human traders that do not use automated trading approaches and trade manually or just pay too much when buying Bitcoin!
It’s harsh but money is not produced from thin air. It comes from losers that don’t have advanced tools like our Bitcoin robot and keep trying their luck with old outdated manual systems.
100% winning systems are impossible, so don’t be fooled by so called “Get Rich scams” promising such impossible results.
Obviously, our robot is not a crystal ball and you will have some losing as well as winning trades. The goal is to make a solid NET profit monthly.
Yes, in order for BTC Robot to trade effectively, you can choose to either run the robot on your own system throughout the week OR you could sign up for a free VPS with our preferred broker, FxChoice *conditions apply*
If you choose the Platinum plan, we will even assist you with setting up BTC Robot on your own system or VPS.
No problem. The robot will resume trading from the point it left and catch up on the trades.
However, if you experience constant internet connection issues in your area, it’s safer and more profitable to sign up for a VPS for uninterrupted trading!
Yes. Less risky. More profit. No bank regulations and fees.
You get all the profit. You can trade 24/7, not 24/5. No bank holidays. You get profit around the clock. No need to install Metatraders and other complicated software. No need to sit and watch charts. No need to buy expensive VPS servers.
Yes, we do trade it and you saw the live trading proof. Why do we sell it? We could probably write something hypocritical here, that we want to make everyone rich and happy, but I will be honest with you. We are opportunistic. If you have a chance to make more money, will you pass it by? The amount of traders using the robot does not affect its effectiveness, so we thought, why not release it to a limited amount of pioneers who, like us, can take advantage of this new growing opportunity.
It’s like when people invented the plane; nobody drives such long distances in a car! Same here. Why bother with manual trading, spending the whole of your life glued to the PC when you can use this new technology of automated Bitcoin trading!
The world has changed. And so have the tools!
The robot does not login to your account. We don’t ask or collect any login information. Your money is securely deposited into your own brokerage account, for e.g., at FxChoice. The robot will only trade cryptos on your account, it does not have any access to withdraw the money. So it is 100% safe solution.
No! There are ZERO commissions on earnings and no profit sharing! Unlike other services that charge you up to 25-30% of all profits you make, BTC Robot trading is completely FREE. Yep! You keep all profits you make. We make only small money on license fees and there are no hidden costs!
Bank Wire is the most common withdrawal method offered by most brokers. FxChoice provides numerous options by which you can withdraw your profits that you earn with our BTC robot. You can also withdraw your profits either as Bitcoins or in USD.
The great thing about our very latest BTC Robot v2.3 is that you can now run the robot on not only Bitcoin but on Ethereum and Litecoin as well! Ethereum is the latest upcoming contender amongst the Crypto-currency world, while Litecoin has always been considered to the Silver version to Bitcoin’s Gold. This is a perfect choice to diversify your Bitcoin trading portfolio by adding another powerful instrument. That gives us a unique opportunity to triple the profits from crypto-currency trading by expanding into the new untapped market of alternative crypto-currencies. And as a BTC Robot member, you are poised to profit from all THREE cryptos with our latest robot version!
Best Crypto Trading Bots 2020 – Automated Crypto Profits!
Summary of the Best Bitcoin Trading Bots
It started off shaky, but cryptocurrencies are here to stay. Most skeptics of this new form of currency have made their peace with it and are looking to invest in it. Since you are reading this, it is safe to say that you too have jumped on the bandwagon.
Whichever you choose to trade in, Bitcoins or altcoins, you are sure of making a substantial amount of extra income – and who doesn’t. The problem is, you are new to this and do not possess the skills to analyze the cryptocurrency trading charts efficiently to make some good money – the kind gurus are bragging about.
But before you give up, there is a solution to your problem. As you go through your learning curve, you still can make money from cryptocurrency trading using bitcoin trading robots.
Now, a trading bot is basically a piece of software that has been designed to analyze the cryptocurrency market trading data. Once you acquire one, you are required to customize it to your preferences. Afterward, the software will analyze the market on your behalf and will trade automatically. In this piece, we go through some of the best Bitcoin Trading bots available. But before we start on that, here is a breakdown of the criteria we used to come up with the list presented.
With the many day trading Bitcoin trading bots available, it can be a daunting task for a newbie in the industry to pick the best crypto trading bot there is. As such, it is important that you are aware of some of the factors you need to consider while choosing one.
Table of Contents
What to consider when choosing BTC trading bot
This is at the very top of the list because as with every online business, trust is a key element of success. The trading bot should be a company that can be trusted. As such, the review list contains companies that provide advanced tried and tested trading bots strategies. Most of the companies on the list have been in the industry for quite a long time and have a trail of satisfied clients who speak highly of their expertise and level of service.
It would be unfortunate if you were to get involved with a company that is shady. You are ready to invest your hard earned money in the Bitcoin trading venture, but this does not mean that you are willing to throw away your money with no return. Getting conned is not a risk you are willing to take. The companies listed in the review section provide you with intricate details of how they run their business.
They provide you with the opportunity to fast forward your learning curve about trading strategies and Bitcoin bots before you subscribe to their services. Additionally, some even offer free trials. The free trials allow you to try their services before spending a dime of your hard-earned money.
In addition to transparency and reliability, you should also be keen on the profitability of the company. It is pointless for a company to be trustworthy but not provide you with the maximum possible returns. The whole venture will not be worth your while. Sure the Bitcoin market is volatile (though it has increased its stability in the past few years) but rather than shy away from the investment opportunity altogether; you should get in business with a company that has some of the best strategies and bitcoin trading robots.
4) Overall experience
To determine the overall experience, we went a step further and investigated the extra features each of the platforms offers and included the strategies provided by the various companies and customizable bots. It is a good trading strategy is imperative. But also important is that these strategies are applied to the right platform.
5) Ease of Use
Now truth be told, programming experts and IT gurus are not the only individuals interested in Bitcoin trading. As such, if you are not highly skilled in IT, you will want a Bitcoin trading bot that is easy to use and that will make life easier. All of the companies listed have trading bots that are a breeze to use. They are suitable for newbies to Bitcoin trading and also the experienced in the same.
Bitcoin is a rather secure cryptocurrency. But this does not stop people from trying to conduct creative and tech-powered steals. As such, you need to consider the security of the trading bot before using it. The companies we review have high levels of security.
Top 15 Best Bitcoin Trading Bots in 2020
Cryptohopper is a newcomer to the automatic trading scene but has been rapidly growing in popularity for several reasons. For one, they are the only cloud-based cryptocurrency bot on the market, meaning their bot continues trading when the computer is off.
Their bot is also very easy to pick up for new users, due to the fact that they are the only trading bot to embed external signalers, allowing inexperienced traders to let their bot trade on autopilot under the expertise of these signalers. Traders with more experience can also take a manual approach, by configuring sales based on multiple technical indicators.
Next, to this, Cryptohopper offers to backtest, trailing stop loss (including features to let your bot only sell with profit), ability to trade using multiple exchanges and generally pleasant user interface.
Cryptohopper is also the only bot to offer a free trial for a month, with the ability to upgrade to Bunny ($19 p/m), Hare ($49 p/m) and Kangaroo ($99 p/m) if users feel like sticking around.
Most of the crypto trading bots are capable of doing what you configured them to do. However, in a market as volatile as the crypto market, one needs to be ready to adapt to the sudden change in market conditions. This is where one would need a smart trading bot like the 3Commas trading bot.
You might think that no trading bot can be smart enough to adapt to the changing market conditions. However, the 3Commas bot comes with a unique feature called the trailing loss and trailing profit. When using any other trading bot, you would be able to set stop losses to avoid the overall loss and take profit to secure the profit that you made. However, if the coin goes on to perform better after the bot sold your position, there is no going back.
The trailing feature offered by the 3Commas bot helps to achieve exactly that. The bot will analyze the market conditions and will make sure to sell your coins at the right time. Thus, ensuring the maximum return of your investment. This feature that allows the bot to act quickly to the changing market conditions makes the bot special.
Apart from this, the 3Commas bot provides all the features that you can see on a normal trading bot such as stop loss, take profit, automatic trade, etc. The bot is hosted online which makes it available always. You can access the bot from any internet connected device by visiting your account on the website.
The bot can be paired with 13 of the most popular crypto exchanges including Binance, Kucoin, Bittrex, etc. The bot offers three different packages with the cheapest one costing you $22 per month and the most expensive package costing you $75 per month. You will, however, be able to use the bot’s services for free if you have an account on the Huboi exchange.
Given the current bearish trend in the crypto market, it has become very hard you anyone to make money. So, why not give the 3Commas bot a try and see how it can help you generate income even in a bear market.
The cryptocurrency market is subject to high volatilities which makes it difficult to predict the right time to invest. Kryll.io is an automated trading bot which helps to find a way around this problem.
Launched in 2020 by a team comprising of Luca Benevelo, Philippe Longere, and Paul Collorafi, it consists of some of the most advanced features for creating your trading strategy which can be used by people without any prior programming experience. The platform will provide you with simple and powerful tools that will enhance your creativity. A very flexible editor, Infinite possibilities!
Drag and drop condition or indicator blocks, connect them and create basic or advanced automated strategies. All this can be created without any line of code!
Kryll.io offers various blocks which can be linked; such as logical operators, market indicators, value triggers, improved technical analyses, information and notification blocks. As the platform evolves, new functionalities will be added, such as risk analysis tools and new blocks, some of which are based on Artificial Intelligence such as Sentiment Analysis and trend prediction by Deep Learning.
You can test your strategies on the entire history of cryptocurrencies up to 4 years with 1min candles and improve them with a few clicks.
You can also use the marketplace if you don’t want to create strategies.
The marketplace connects the creators and users of the platform. Simply select the strategy that suits you based on the pair you want to trade on and let it do the work for you!
Although the cryptocurrency trading bots are still in its initial stages of development, there is a free beta version of the trading bots available for use. Even though it is quite new in the market, people have readily opted for the Zignaly bot. The completed version will be available to the users for a chargeable fee.
One amazing thing about the Zignaly trading bot is that it can be integrated seamlessly with TradingView. Even though the bot is in the beta stages of development, the users haven’t found any issue with the above mentioned integration, meaning that the developers have designed the software keeping in mind the ease of access for the users.
TradingView has an API that works on the Binance trading exchange. Thus, the Zignaly bot can be used to execute the various trading strategies directly on Binance. While the current support for the exchange on the beta version lies only with Binance, there are plans to include other exchanges in the near future.
According to the developers, there are plans to include exchanges like KuCoin, Bittrex, Poloniex, and CoinBase Pro in the list of the supported exchanges for the API integration of the Zignaly bot.
There are some unique features which have been integrated into the trading bot by the developers. These include no limit on the pairs that you can operate on and an option to edit the positions as and when you choose. These have made trading quite a lot easier since there is no need to upgrade to any Pro version to enjoy the features such as the ones mentioned above.
The Zignaly bot also prides itself on transparency. On the official website for the Zignaly cryptocurrency trading bot, there is detailed information about the founders and the rest of the team along with their various social media profiles so that the users can connect with them directly.
The aim of the developing team is to provide the users around the world with a trading bot that is available on all major exchanges. The developers have created a user-friendly ecosystem on the bot, offering quite a lot of features in the beta versions and bringing a lot more in the complete version.
This Gunbot features lots of inbuilt strategies which includes Bollinger Band, Ping Pong, and Step Gain. Most of its users think that the BB strategy is the best and will rake in huge profits for them.
This trading bot, however, comes with 3 package plans that vary in price. The prices range from between 0.1 Bitcoins to 0.3 Bitcoins (note that these prices are subject to change).
Gunbot is on several cryptocurrency exchanges including Poloniex, Kraken, Bittrex, and Cryptopia.
When using this trading bot, you are advised to pay keen attention to your trade. Why? Well, the trading bot is configured to deal with the volatility in the market. In case of the volatility spikes, you should turn it off.
Gunbot is our go-to trading bot and is for sure the best bitcoin trading bot!
Gekko will always be among the top of the list. It is by far the most popular – probably because it is a free Bitcoin trading bot. It can be downloaded from the GitHub platform (relax, you do not need to be a tech guru to navigate this platform. But if you need some help, there are numerous YouTube videos to show you how to go about it).
Gekko is an open source piece of software that is constantly being improved upon by talented developers all around the world. This trading bot is supported by most cryptocurrency exchanges including Bitstamp, Poloniex, and Bitfinex.
Gekko is easy to use, fully automated an straightforward. For newbies in the bitcoin industry, learning the ins and outs of this trading bot will be the least of your worries. The software comes equipped with essential trading features. These features include a web interface that is designed to monitor your trading strategies and data. Also, the bot can run on some backtested data and help you visualize the trade results.
The bot is designed to run on most major operating systems including MacOs, Linux, and Windows. The bot can also keep you updated through telegram, email and other social platforms. However, you should bear in mind that Gekko is not a high-frequency trading bot and as such, it does not execute the so-called arbitrage trades.
This is yet another free bitcoin trading bot. Like Gekko, it is an open source bot. It is available on for use on all major operating systems and can be modified to fit every user’s preferences. Zenbot has been created using artificial intelligence. As such, unlike Gekko, it can exploit the arbitrage opportunities and execute the high-frequency trades. Additionally (and this is a huge plus for this trading bot), the software can perform multiple cryptocurrency trades at the same time.
The trading bot is supported by Bitcoin exchanges the likes of Kraken, Gemini, GDAX, Bittrex, Quadriga, and Poloniex. The developers of this trading bot maintain that they still are working to improve on the bot and in future, it will be supported on all exchanges available.
This is a trading bot that was created by HaasOnline back in the beginning of 2020. The trading bot is supported by many Bitcoin exchanges including Bitfinex, Poloniex, BTCC, Huobi, Kraken, Gemini and GDAX. It not only trades Bitcoin but altcoins as well on the various exchanges.
While this trading bot is designed to analyze the market information on your behalf, it requires some input to act upon regarding the trade execution. The bot is customizable and comes equipped with some technical indicator tools. With these tools, Haasbot can ‘predict’ trend patterns which can prove invaluable to Bitcoin trading success.
To get the best results, all who decide to use Haasbot should be fully committed to the course. This trading bot costs about 0.32 Bitcoins every 3 months.
9. Crypto Trader
This is by far one of the most popular Bitcoin trading bots among traders. It is for the most part cloud-based which means that it does not require installation on a physical computer and can be modified by its user for ample and rewarding results. Algorithmic trading modifications can be made to the bot in a few minutes. The modifications are simple to make, and any newbie with a little guidance can hack the process.
It is worth pointing out that the Crypto Trader comes with a strategy market feature. This feature allows you to trade strategies with other traders. Another cool feature includes a backtesting tool which enables users to test the trading strategies against the backtested data as well as the prevailing market conditions. Crypto Trader is supported by exchanges like Bitstamp, BTCC, and Coinbase.
10. BTC Robot
This was among the very first Bitcoin trading bots in the industry. It is among the pioneer trading bots. The bot can be downloaded on the major operating systems but comes at varying prices for each platform. Generally, you should expect to pay more for it on a MacOs than on Windows OS.
The trading bot has proved easy to install as well as use. However, some individuals have gone on record to state that there are some technical bits that prove challenging to grasp. Nonetheless, most have managed to make substantial profits. The BTC Robot features a trial period with a 60-day refund policy – how cool is that?
This is a new trading bot that is being supported by Huobi, OKCoin, Bitfinex, Bittrex, and Poloniex. Its developers are constantly making changes to the trading bot, and you should expect it to be supported by multiple other exchanges as well in the future.
This bot comes with two trading strategies including Margin Maker and Ping Pong. So far, Leonardo is the best-looking trading bot regarding design and graphics. It also is fully customizable.
Initially, the bot cost about 0.5BTC every month. Now, however, it is available for about $129 (a lifetime license).
When we are talking about trading bots, there are only a few which can claim to have been built on a decentralized platform like the various digital assets that they trade in. The developers of Autonio have made sure that the trading bot is one of the few to make it to the list.
The entire infrastructure is built on a decentralized platform, meaning that there is no single entity that controls all of its operations. The users are free to check the transparency of the program and no institute can be held accountable for its failures. The users of the Ethereum blockchain will have a hassle free and smooth experience as well.
Marketed both to the retail and the professional traders, the Autonio cryptocurrency trading bot has built-in features for the creation of the various trading signals that are based on the in-built trading strategies. There is a complete access to the technical indicators and the traders can make the most out of them through the Autonio trading bot.
There is an Autonio marketplace, where the users can see the other users sharing various trading strategies and algorithms that have helped them make profits. If you are not familiar with the process of setting up your own algorithm using the bot, you can choose one from the marketplace and start your trading right from day one.
There is an in-house token by the name of NIO which is used by the Autonio trading bot. This token is based on the Ethereum blockchain and uses the ERC-20 algorithm. This token can be purchased from all the major exchanges like Bittrex and Ethfinex. The entire Autonio platform revolves around the utility of the NIO tokens and they can be utilized just like any other token for a decentralized app.
The Autonio trading bot is not free. It does come at a moderate set price. The average price of using the Autonio trading bot comes in at around $50 per month and the users can download it for all the major operating systems like Windows, Linux and MacOS on computers/ laptops, and even on Android for the mobile operating systems.
Built on an open source code, the CoinBot cryptocurrency trading bot is a rental service that helps the traders execute daily trades automatically. There is a complete description of the algorithms that are used in the bot on the official website along with a link to the Github page of the bot.
CoinBot has a number of features which is why it one of the most widely used trading bots. It has a multi-tier commission program that makes it one of the most lucrative rental services in the world. There is a referral program as well, meaning that the users who spread the word about the bot get a personalized link and anyone joining in through their link will provide them with an opportunity to gain some kickbacks.
The entire platform is based out of a cloud, meaning that the users will not have to install the program on any device. Transparency has been given a lot of importance as well. The complete information about the team, program, and the entire project is given on the official website of the project, leaving no doubts in the minds of the people using the bot.
The code of the program can be tweaked to provide higher returns through the open source code that is available on the Github page. The referral system provides up to 50% in commissions, making it an effective way of marketing. There is a diversification in the types of the bots that are available on the website, with aggressive, balanced, and conservative trading strategies.
There is an option to purchase additional services through the rental program. Users have paid extra just to gain the three additional features which include the Telegram Assistant, Arbitration bot, and the Social Analyzer.
Each of these three add-on services have their own uses and it is quite worth the extra money to get them. The bot automatically sends an alert to the user when the loss reaches 10% on a trade. It helps the users know when it is time to make a decision for the cancellation of a trade.
When the BTC-E exchange was shut down in 2020, one of the most popular crypto trading bots disappeared from the internet. This was the leonArdo trading bot. It was, however, replaced by the Margin cryptocurrency trading bot, giving the users the continuation that they required from the interface which they were already using so comfortably.
Margin had took over the leonArdo trading bot, adding in more features of its own to give an overall better cryptocurrency trading bot to the users. The layout has been cleaned, and even more effective trading strategies have been added into the ecosystem with a stronger security to protect the finances of the users.
There are a number of exchanges which are supported on the Margin cryptocurrency trading bot, including Huobipro, Bitstamp, Bitfinex, Bittrex, Poloniex, OKcoin, HitBTC, Binance, Kraken, Coinbase Pro, and Bleutrade. In the beginning, the leonArdo trading bot was considered one of the most premium trading bots since it was priced at 0.5 BTC for usage.
However, ever since the bot was acquired by Margin, the price has dropped and the users could not have been happier. The base plan for the bot starts from a one-time payment of $89 now. However, this package is limited to only $10,000 on one exchange. If you want to hold in more amount then you have to upgrade the plan to a higher priced package.
There is a Standard package, which costs $169, and has unlimited bots as well as all the technical indicators that are provided by the system. However, it too can hold only a limited amount of money on any exchange, this time the money being restricted to $100,000.
The last one is the Professional plan, which costs $1,999 but has multiple APIs on supported exchanges, all technical indicators, unlimited bots, and no limit on the holding amount in any exchange. Users can pay this fee through multiple methods, including Visa, MasterCard, PayPal, and BitPay.
There are online tutorials which are included in each plan. This helps the users understand the ways in which the different strategies work and how they will be useful in helping them earn profits.
This is one of the best performing bots out there. Crypto World Evolution has proven itself to be one of the best designed and most profitable bots in the world. The plan for the bot is marketed through the Multi-Level Marketing, meaning that there is an additional financial aspect to the bot other than its automatic trading value. However, it is not necessary for users to market it in the world to be able to use it.
One of the best things about the Crypto World Evolution bot is that you are not giving your money over to the bot’s algorithm. Instead, there is an API access built into the bot that helps it gain access to the money that is held within the accounts of the exchanges.
There is an option for the bot to withdraw the money on its own. This feature can be turned off by denying it access to the cryptocurrencies that are held within your accounts. When used with the API of Binance, there is an option to select the pairing of the cryptocurrencies using all the altcoins on the exchange. Other than Binance, there is support for Bittrex, Okex, and Hitbtc too.
The bot trades with Bitcoins. Thus, you will have to add the fund in BTC to your accounts. However, after that you can select the coins with which you want the bot to trade in. You can select up to 15 altcoins that the bot will be able to handle quite easily.
You will have complete control over the number of trades that the bot can execute simultaneously. You can either sell the trade manually, or set a base after which the bot will sell the trade automatically. The past records have shown that there are times when the bot can close quite a lot of trades within a day and then there are others when there is not even a single rade that is done on the same day.
This is because the market is too volatile and the algorithm is coded to provide you with maximum profits. On an average, the bot will provide you with nearly 2% of profits on each trade.
16. USI Tech [SCAM ALERT]
This particular trading bot is originally designed for Forex trading. However, it does offer some BTC packages. While most of the trading Bitcoins available require some installation and initial set up, the USI TECH approach is rather different.
As a user, you do not have control over the bot, but you still get to profit off of it.
As a customer, you can choose your preferred Bitcoin investment plan which in turn will earn you about 1% of your total capital on a daily basis.
We do not recommend this platform as it seems to be a typical Ponzi scheme. We included this in the list only to make people aware of this and advise you to stay away from this.
Cryptocurrency is the thing right now and will be for the foreseeable future. Bitcoin trading can be done by literally anyone who has got the interest. It might be confusing for newbies at first, but they soon get the grasp of things. Given the presence of many trading bots, it is imperative that you do your due diligence. Do your research and read reviews to ensure you are dealing with a reliable and trustworthy trading bot and company.
Are Free Bitcoin Trading Bots Real?
While most of us, you included, might be skeptical when you hear of free things that can generate profits, there are a handful of open source bitcoin trading bots that indeed can be classified as a free bitcoin trading bot. Zenbot and Gekko being the favorite two of the free crypto trading bots offered, they are for sure great. However, they do require some technical skills to set up and use, thus, we would rather encourage you to try a free month of Cryptohopper, since it is beginner-friendly, yet suits the advanced trader, and is cloud-based, meaning you won’t have to have a machine (computer or VPS) constantly running to be able to day trade. There is no doubt it as to why it has deserved the spot as the best crypto trading bot in our list. And since it offers a free trial, why not sign up and try yourself?
How Do Bitcoin Trading Bots Work?
It is easy. Each bot features a set of parameters and indicators that when they all align will signal the bot to make a sell or a buy of the exchange you prefer. Most times the Bitcoin trading bots are tuned to a specific period. This is an educated guess from the creator on how the market will behave and work in future.
Trading bots are growing in popularity as Bitcoin’s popularity soars through the roof. With so many individuals depending on the Bitcoin trading bots, more and more developers are coming up with fraudulent software to cheat naïve Bitcoin investors of their hard earned money. With the choosing factors above and the reviews of the best and most trusted Bitcoin trading bots below, you will be well equipped to choose the best crypto trading bot available.
Advantages of Bitcoin Trading Bots
With the increased use of the cryptocurrency trading bots, human error is eliminated or minimized, which results in improved accuracy. Trading bots offer constant interaction with the market, which means that you can go to sleep or go about your day and have it do all the work for you. Not only that, but you can adjust it to monitor, analyze, and trade multiple different assets in different markets.
These bots can analyse as many cryptos as you will indicate in their algorithms and work with the number of exchanges you want them to cover. In short, trading bots maximise the profit potential by employing a mechanism that is responsive to market shifts around the clock.
While a human can take upto a few minutes in order to calculate and recover various formulae, a bot can calculate much faster, sometimes even nanoseconds with accurate results. This feature is of great use when the price of a currency is subject to frequent change. Automated systems have the ability to generate orders as soon as trade criteria are met.
Sometimes, changes in prices are very quick since the prices are constantly fluctuating and investors are often unable to effectively deal with these changes. The advantage of bots is that they can work twenty-four-seven and make it a much faster process, while a trader would have to spend hours together for trading alone.
Automated trading systems minimize or sometimes even completely eradicate emotions, as bots do not possess any emotions, unlike humans. By keeping the emotions in check, traders basically have an easier time sticking to the plan. Besides, trade orders are executed directly after the trade rules have been met, so traders can’t undo or question the trade based on emotions.
The bots can’t have any doubts or questions- they don’t experience frustration, so they are, essentially, better for trading. Automated trading also helps in ensuring that a certain amount of discipline is maintained in order to follow through the trading plan perfectly.
Disadvantages of Bitcoin Trading Bots
Not Suitable for Novice Traders
When traders start out, they make many mistakes. However, they learn from these mistakes and better themselves through the experience that is gained. However, the novice traders who use automated trading bots don’t make mistakes and thus learn nothing new. The only thing they know is how to set up their bots, which is inadequate as a bot can’t yield good profits without a skilled trader.
Besides, these bots are very expensive. The simple ones costing more than $10 a month and the Arbitrage ones being even more expensive.
Requires Human Monitoring
Ideally, you could say that these bots can work all day without any human interference. However, that is not true. In reality, there is a possibility of mechanical failures, such as connectivity issues, power losses or computer crashes. These can be harmful because sometimes internet connection is poor which could lead to an order being lost.
Dealing with Crypto bots can sometimes become dangerous due to the security issues, like:
Best Binary Options Brokers 2020: