Despite being in use for over a decade now, cryptocurrency is still a relatively new concept for people around the world. However, those dealing in cryptocurrencies, such as Bitcoin and Ether, have familiarized themselves with the different aspects of this competitive sector.
One of the many technical and challenging concepts of handling cryptocurrency is cryptocurrency trading. With the high volatility of the market and continually changing trends, traders need to keep themselves updated with the latest technologies.
To help with this, AI crypto trading bots have been developed at a large scale lately. Helping boost the growth of the cryptocurrency market, these bots have gained considerable importance in improving trading efficiency and helping manage risks.
Top AI Tools For Cryptocurrency Trading
With the growth of cryptocurrency trading, the competition in this sector is fierce. Since the introduction of AI tools for cryptocurrency trading has revolutionized the concepts, individuals must adopt these tools.
Such cryptocurrency AI bots analyze cast data sets and make predictions about upcoming market trends. Based on these predictions, AI bots automate the selling and buying of cryptocurrency to help maintain a positive and fruitful portfolio for you.
However, with the introduction of these bots, it can be difficult to select the best AI tool to support your cryptocurrency trading. The following are the most popular AI tools that you can use for automated trading:
1. Immediate Edge
One of the most popular AI bots used for automated cryptocurrency trading, 3Commas offers a variety of features, including smart trading terminals and portfolio management.
The “Immediate Edge” trading platform is suitable for beginners and experienced traders and has a user-friendly interface with powerful trading tools. Moreover, it integrates with multiple exchanges, providing efficiency and flexibility while allowing users to trade through pre-defined strategies.
Pros:
- High exchange compatibility
- Automated risk management tools
- Paper trading to test strategies
Cons:
- High price for premium features
2. TradeSanta
This AI tool for cryptocurrency trading is known for its automated trading strategies that can be applied to different exchanges. Moreover, it is loaded with features like Dollar-Cost Averaging (DCA) and grid bots, which add to its efficiency.
Moreover, its smart order routing feature helps strengthen your portfolio with optimal trading prices.
Pros:
- Simple, easy-to-use interface
- Templates for easy setup
- Smart order routing
Cons:
- Limited customization
- May be too basic for advanced users
3. HaasOnline
Another popular trading bot platform, Haasonline, offers various beneficial features for crypto traders. Mostly used by experienced individuals, Haasonline offers multiple customization options for trading.
Moreover, it allows paper trading and backtesting and provides real-time market data. HaasOnline also has risk management tools and offers multiple exchange integration and community support.
Pros:
- Customizable bots
- Real-time analytics
- Backtesting features
Cons:
- May not be suitable for beginners
4. Cryptohopper
A cloud-based platform, Cryptohopper enables users to automate cryptocurrency trading across multiple exchanges. It also offers tools for backtesting, technical analysis, and stop-loss.
This bot also allows custom strategy building and has arbitrage and market-making bots for advanced traders.
Pros:
- Social-trading
- Suitable for beginners and experts alike
Cons:
- Limited features in the free version
5. Shrimpy
Another social trading platform, Shrimpy, is known for its portfolio rebalancing features. This bot enables beginners to copy trade strategies from top traders. Moreover, it enables API integrations to work seamlessly with top exchanges.
Pros:
- Easy to use
- Automated portfolio rebalancing
- Backtesting
Cons:
- Limited advanced trading tools
6. BitsGap
This AI crypto trading bot is known for its user-friendly interface and arbitrage trading capabilities. Moreover, it has various portfolio management tools, enabling easy grid trading for consistent profit.
Pros:
- Easy user interface
- Manual and automated trading options
- Arbitrage opportunities
Cons:
- High pricing for premium features
7. Zignaly
Most used for its copy trading and signal features, Zignaly enables users to follow in the footsteps of expert traders to make profits. This is ideal for beginners or traders who want minimum handling.
Pros:
- Simple copy trading platform ideal for beginners
- Profit sharing option
- Signal based trading
Cons:
- Few customization options
- High dependency on chosen traders
8. Quadency
An advanced crypto trading AI-powered bot, Quadency integrated multiple AI tools for portfolio management and market analysis. Using this tool, users can easily manage their assets across multiple exchanges.
Pros:
- Customizable bots
- Unified interface for managing different exchanges
- Informed decision trading with analysis
Cons:
- Not suitable for beginners
Besides, there are various other AI-based crypto trading bots that you can explore to find the right fit for you. Each bot offers different features, tools, and strategies that beginners or experts can use.
Cryptocurrency AI Tools: A Comparison
Find an overall comparison of the different AI bots discussed above to simplify selecting the best AI tool for your use.
| AI Trading Tool | Expertise Level | Customizable | Backtesting | Price |
| Immediate Edge | Beginner to expert | High | Yes | $250 One time fee |
| TradeSanta | Beginner-friendly | Medium | No | $15 – $35/month |
| HaasOnline | Expert | High | Yes | 0.011 BTC – 0.033 BTC/year |
| CryptoHopper | Beginner to expert | High | Yes | $19 – $99/month |
| Shrimpy | Beginner-friendly | Low | Yes | $15 – $63/month |
| BitsGap | Beginner-friendly | Medium | Yes | $29 – $149/month |
| Zignaly | Beginner-friendly | Low | No | Free – $15/month |
| Quadency | Expert | High | Yes | Free – $79/month |
Thus, depending on your requirements, budget, and expertise level, you can choose an AI crypto trading bot. For example, if you are an expert trader, you may benefit from using HaasOnline. On the other hand, as a beginner, you can use Shrimpy or 3Commas to start your crypto trading.
Choosing a Bot For Managing Your Crypto Profile
As mentioned above, there are different factors you must consider when choosing an AI bot for your crypto trading. These include:
- The trading strategies you want to apply
- Experience level
- Percentage of involvement or control
- Backtesting and integration features required
- Cost of the trading bot
- Security measures
Conclusion
A variety of bots are available in the space of AI and cryptocurrencies in the market that help automate trading based on real-time market analysis, trend prediction, and copy trading. Based on your level of expertise and the customization you require, you can choose between different bots to help manage your cryptocurrency trading.
