Four Of The Best Crypto-Trading Bots
In
our previous post we have learnt and understood what crypto-trading bots
do and what you as a trader should be looking for while choosing a trading bot.
If you haven’t read the blog, it is advised that you do so before you
read about the various trading bots mentioned below:
Zignaly
This
is a trading bot that is still in its development stages. However, you can
still use the beta version of the app for free and make great profits from
using the bot. Even though it is a new contestant to the trading bots industry,
it has accomplished to win over the hearts of many crypto enthusiasts. The main reason for its prevalent fame is the transparency
provided by this trading bot. Unlike other trading bots whose developers don’t
share many details on how to contact them, Zignaly
prides on the developer’s sincerity to the community. Users of the bot can easily connect with the developers of the bot
in case of any issue that they face or even provide them with suggestions to
add more features to the bot. Either way, being in touch with the developers offers
a sense of trust. On top
of all this, the bot also permits users to device their own modified trading
strategies. Thus, giving litheness to the more practiced traders as well.
Cryptohopper
This
might be a new bot in the crypto trading market. However, this novice has
managed to turn heads due to the wide array of features that this bot offers.
One of the downfalls of most trading bots is that they run on your local
machine. This means that they run only when you have turned on your PC.
With the rise in curiosity for cloud-based technologies,
Cryptohopper uses cloud technology to keep the bot running 24/7. By running the
bot on a cloud, users will be able to place trade orders even during the night.
Thus, no chance is missed. Another key reason that led to
the rise in renown of Cryptohopper
is its ease of usage, particularly for the novice. The bot has unified with an
external trading signaller. This means that anyone can start using this bot by
running it on autopilot. This is a boon to the new traders, who need not fear afor
setting trading signals for their bot. The bot also lets more skilled users
mess around and set their own trading signals. Thus, satisfying the needs of
both.
3Commas
Even
though 3Commas bot is very new to the
trading bot scene, it has been able to provide its users considerable gains,
even during the crypto bear market. The unique feature that separates this bot
from the other bots is its ability to trail any crypto market. This allows the
bot to close the trade at the most profitable position even though the target
gain set by the user had already been reached. This feature helps immensely
during the crypto bull run.Additionally, the bot also allows users to trade multiple
cryptocurrencies at the same time. Thus, not missing out on any good trading
opportunity that comes along the way. The bot is set up on the cloud and is
accessible through the website. This means that the bot runs 24X7. The bot can
be configured with Binance and Bittrex right now and more reputable exchanges
such as BitFinex, Poloniex, KuCoin, etc will be added soon.
Gekko
This
is the most versatile cryptocurrency trading bot in existence right now. For
anyone who wants to learn a thing or two about trading bots and not spend any
money buying one, then Gekko is the bot for you. The Gekko trading bot
is an open source bitcoin trading bot project that is accessible for anyone to
use for free. The fact that it is free to use is the main reason for its wide
popularity. Like any other open source projects, Gekko is free of almost all
bugs and even the ones the pop are repaired up at lightning speeds. The Gekko bot can relate with several exchanges, including Bitfinex, Poloniex,
and BitStamp. The bot uses a web
interface to interact with the users and can run on a local machine with
Windows, Linux or the Mac OS. The bot comes pre-configured
with some trading stratagem. You can begin using the bot on autopilot as soon
as you install and arrange it with an exchange. However, if you would like to
use your own trading strategy, the bot also allows you to construct it to your
liking.
Pick
a crypto-trading bots that suits your needs the best and use it on one
of the 14 exchange platforms that XcelToken
Plus is listed on to make profits, with a touch of a button.
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