There is not just HODL in the life of crypto-enthusiasts, also there is trading. Whether for beginners in the field or for those who want to maintain a trading strategy up and running 24 hr a day, using a Bitcoin trading bot seems to be a fantastic option. Trading robots are spreading out in the financial markets, and the cryptocurrencies are no exemption.
What is a Crypto Trading Bot?
Trading robots are nothing more than trading techniques that when configured instantly implement a trading strategy according to its configuration and market price of an asset. While not necessarily as responsive, or as versatile as a person, the Bitcoin trading bot contends the very least 3 major benefits over people:
- It can work non-stop: every second, the 7 days per week, 365 days a year, the bot can keep track of the markets. Once the bot is launched, it will work day a day without its human owner requiring to check it out – other than from time to time to check its efficiency!
- It has a quicker and more exact decision-making process: where it will take the human simply a few secs to click and trade, the bot will have already been able to perform about 10 procedures if it follows the set approach. And it pegs to the trading strategy with the accuracy of a sniper.
- The bot has no emotions: this is crucial for trading. Adhering to a predefined trading strategy and don’t take psychological decisions are one of the most difficult things for a human that is subject to his feelings. Excessive greed, fear, or deception are harmless to a trading robot.
Top 5 Best Performing Trading Bots 2020-2021
1 – NapBots.com
The number one in our list is a French contender, NapBots is a cryptocurrency and bitcoin trading robot that supports a vast number of cryptocurrency exchanges, including Binance, BitPanda Pro, Kraken, Bitfinex, Bitstamp, BitMEX, OKEX and Phemex.
As soon as you have picked the exchange that you desire to work with, you can cherry-pick the algorithmic trading strategies that you want the trading robot to execute. NapBots claims to be the only automated trading service provider that permits individuals to compound various trading bots within the exact same function. Their Crypto Trading strategies vary on different time horizons: hourly, daily, or weekly. The bot trades on the most liquid cryptocurrencies that are Bitcoin, Ethereum, Bitcoin Cash, EOS, Litecoin, XRP, as well as BNB.
The distinction this bot has is the simpleness, as well as the premium crypto strategies that it offers in comparison with various other rivals. With in-house made crypto trading strategies, NapBots gives a fully automated trading system. Additionally, it’s very straightforward and simple to use as well as setting it up, even the non-experts can set up and run this bitcoin bot.
The bot has a number of different pay subscriptions, with Freemium (Free), Silver (19 Euros Per Month), Gold (49 Euros Each Month), Platinum (99 Euros Each Month). The much more pricey plans you choose, the more features and useful the experience for user.
The team behind NapBots
NapBots.com is part of a regulated group by the AMF(Similar to SEC in the USA), in which you have Napoleon AM a French regulated Asset management company, that has been the 1st in Europe to be a regulated crypto asset manager and the 1st to launch a regulated exposition fund to BTC in France. NapBots itself is not regulated but it is the sister company of Napoleon AM.
Integrated by a team of skilled traders who have handled quantitative strategies for over 20 years in major French financial institutions. Over the last 3 years, they have designed more than 20 strategies dedicated to Stocks, FIAT, and crypto-assets. Several of their oldest strategies such as BTC LO have actually been live over 3 years period over-performing his underlying. Today’s performance of this strategy is over 100% in the last 12-months, proven itself to be a good performer in both Bear and Bull markets. Also, some of their brand-new hourly and daily strategies have been breaking records by reaching new All-Time Highs the past weeks. Whether you wish to benefit from its supportive community or its innovative and easy to use platform, NapBots is definitely the most effective trading software to automate your trading strategy.
2 – 3commas.io
3commas trading bots are among the best on the market, even though its platform is quite recent, it has taken a place in the hearts of investors.
What distinguishes 3commas from other trading robots is their capability to follow prices on a number of cryptos trading systems at the same time.
These trading robots likewise enable to trade a number of cryptoactives at the same time. There are numerous membership formulas for 3commas bots, ranging from $29 to $99 each month.
3 – Cryptohopper.com
Cryptohopper is defined by the ease of use of its trading bots, also for the most amateur.
This simpleness will certainly not stop even more seasoned traders from benefiting from lots of innovative functions to refine their own techniques.Price of the plans to benefit from Cryptohopper goes from $16.58 to $83.25 each month.
4 – Kryll.io
The French group behind Kryll has not only done well in constructing a genuine area of traders on its platform, yet has also brought crucial technologies in the building of automated trading strategies.
Thanks to a distinct and innovative user interface, it is feasible to “put together” trading strategies from blocks of trades by merely “drag & go down” to link them and also construct your very own trading bot.
For the much more newbie or those who wish to save time, it is likewise quite possible to lease strategies/bots designed by various other traders. You can also “backtest” them absolutely free – i.e. attempt the method on previous costs to judge its performance.
You can additionally “backtest” all your trading approaches for up to 7 years free of charge and also unrestricted with a granularity of 1 min. Develop your own automated trading approach on Kryll, or simply rent the robot from a professional investor!
5 – Zignaly.com
The Zignaly trading bot appears to bring in the attention of traders, maybe because it is presently feasible to develop a complimentary account on the website?
There is also the fact that the Zignaly group wishes to be transparent regarding its trading tool: users of the robot can quickly call the designers for help or suggestions.
Presently available for Binance and KuCoin crypto exchanges, there are other crypto exchanges that will be added in the upcoming future
Is it a good idea to make use of a Bitcoin trading bot?
We have seen the undeniable value of using a Bitcoin trading bot, specifically because these virtual traders can be used to fully automate your trading strategy, or can be used to complement the trading approach of a trader, helping them with the decision-making.
If NapBots attracts attention from the crowd and finishes initially in this position, it is thanks to its team, strategies and fantastic system, the ease of its set up and plug n play style, opens the door to all types of traders and investors. Its rivals do not lack capabilities or arguments: you just need to pick amongst the available robots and take the one that matches your ideal!