Currently, there are more than 1,300 different cryptocurrencies in existence, and these cryptocurrencies are traded over more than 700 different cryptocurrency exchange and marketplaces, which leads to why we will discuss best bot trader bitcoin. Cryptocurrency market is extremely volatile ecosystem, that presents traders around the world with the opportunity to generate a significant amount of profit in a short amount of time.
The total market capitalization of cryptocurrency is now over $200 billion, this is obviously presenting a broad spectrum of trading opportunities.
Fast-moving traders are now able to capitalize on a variety of different aspects of digital currency, such as the volatility of cryptocurrencies, to open and exit far more positions than what is available in the traditional stock, or forex market.
To most people, trading bitcoin is yet another source of passive income while working their regular day jobs, and that’s why so many people rely on using crypto trading bots with their signals. But the question becomes, which of the can be trusted and which one should be avoided.
Below is a list of known cryptocurrency trading bots, however, your mileage may vary when using them anyways. Let’s take a look at this bitcoin trading robot review below:
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7. Gimmer ICO Trading Bot
Gimmer is focused on providing crypto traders with a range of programmable, easy to use trading bots that don’t require advanced programming knowledge or experience to use.
The Gimmer solution doesn’t require in-depth knowledge of cryptocurrencies from users, and is ideal for beginner, because you can actually start using this bitcoin trading robot free.
Intermediate, or even advanced cryptocurrency investors that don’t have the time to observe market movements all day. Automated trading bots are known for being extremely complex.
In order to effectively create a suite of reliable and profitable trading bots, it’s necessary to have a solid understanding of a number of different programming languages, as well as a large amount of trading experience.
The Gimmer platform, however, requires no experience to get started with, and is set to help expand the cryptocurrency market by removing the barriers to entry that stand between newer crypto investors and high frequency trading.
The trading bot solutions offered by Gimmer are designed to help traders earn while they sleep or relax, eliminating endless chart analysis and functioning on a 24/7 basis. Interestingly, Gimmer also plans to integrate a social element into their platform that allows traders to learn from each other and share trading strategy insights.
6. BTC Robot
One of the very first automated bitcoin trading bots to ever be created goes by the name of BTC Robot. While it seems to do the job and is quite easy to set up, user’s mileage may heavily vary when using this tool.
Some people seem to be making modest profits, whereas others seem to struggle to get it to work properly. There is a 60-day refund policy, which makes it a no-brainier to try out regardless.
The Gekko trading bot is an open source software solution hat can be found on the GitHub platform. It was last updated a month ago, which seems to indicate it is still being actively developed.
Using this automated trading bot seems rather straightforward, as it even comes with some basic strategies. It is not a high-frequency trading bot by any means, nor will it exploit arbitrage opportunities. With a good list of supported exchanges, Gekko could be worth checking out.
The service offers cryptocurrency users automated trading bots running on cloud platforms. Not having to install unknown software is a big plus, albeit it remains to be seen if this platform is legitimate.
One intriguing feature is how CryptoTrader features a strategies marketplace where anyone can buy or sell their favorite trading strategy.
Another open-source solution for bitcoin traders goes by the name of Zenbot. Albeit this bot has not seen any major updates over the past few months, it is available to download and modify the code if needed. This marks the third iteration of Zenbot, which is still a lightweight and artificially intelligent bitcoin trading bot.
It is also one of the very few solutions capable of high-frequency trading and supporting multiple assets at the same time. According to the GitHub page, Zenbot 3.5.15 makes a 1.531 ROI in just three months, which is quite surprising.
Tradewave is a platform allowing users to create automated bitcoin trading strategies. Users can connect most of the major exchanges to enable live trading within a few minutes.
Moreover, there are quite a few trading strategies shared by community members for other users to try out. Trade-wave is not free to use, though, as plans start at just US$14 per month.
Haasbot does all of the trading legwork on behalf of the user, although some input is required. Haasbot supports all of the major exchanges and is capable of recognizing candlestick patterns.
Considering it costs between 0.12 BTC and 0.32 BTC per three-month period to use this tool, one has to be committed to using the software and hopefully make a profit.
Day trading however, is totally different in the cryptocurrency markets, than any traditional forex market. Crypto trading is incredibly fast-paced, which has led to the development of a new breed of trading tools and softwares that allow traders to optimize their cryptocurrency investment strategy.
Not every automated trading platform available on the market today is effective, intelligent, or even profitable.
There are many different scams online today that aim to target individuals seeking a “guaranteed win” using automated trading software, so it’s important to assess all automated bitcoin trading software carefully.