One of the technology’s biggest advancements are the crypto coins. They first showed up on the market about a decade ago, and many people were not too sure if they are going to be a part of the world for a long time. A decade later, we are sure of one thing – they are not going anywhere. When they first showed up, you needed a lot of coins to buy just one pizza, but now, people use them to buy cars, houses and everything in between. Most people use the crypto coins to trade them and it is said that if you use the right software and if you make the right decisions, you can gain a lot. The autobots or the trading bots are used to follow and analyze the trading market.
Some people follow the market on their own and try to make the right decision without using these bots. However, experts say that by using trading bots you will minimize the risk and it will be a lot easier for you to see the data and follow the analysis.
If you are new in the crypto trading business and if you just started mining or buying coins, then you might need some help choosing the best autobot. There are so many different types on the market and you are just one click away from most of them. To help you choose the best crypto autobot we created this guide for you.
This is a relatively new platform, but is definitely one of the most popular ones. Why is that? Well, there are several main reasons. The first one is that it is a cloud-based bot and it will continue working even when your device is turned off.
It is extremely easy to use and you won’t need a lot of time to figure everything out. It is a great option for beginners and you can use automatic or manual options.
You can start with the free trial and if you like it you can choose one of the premium options to upgrade to. The prices vary between $19 and $99 per month, depending on the version.
It is said that this bot is the one with the most advanced features and it can be used by everyone. You don’t need any prior experience in programming or crypto to learn how to use the platform.
You can create and test strategies, or you can use the marketplace if you don’t want to create the strategies. There are so many advantages this platform offers, starting from strategy editor and affiliate program, up to free and unlimited backtesting for more than four years.
Unfortunately, there are many companies that sell scam trading bots, so Bitcointocrypto.com suggests to always check the reviews to make sure that the platform you are choosing is a legit one.
This is the only bot that can trail the profits and the losses. You can stop the losses and secure the profit. However, if the bot sells your position when there are potential losses and the coin suddenly starts performing better, you will not be able to get your position back.
It is hosted online, so it is always available and 3Commas gives you all of the user’s features other bots do. It can be paired with 13 of the most common cryptocurrencies, which gives a lot of freedom.
It costs between $22 and $75 per month, depending on which package you choose.
This is a trading bot that, like most of the others, is still in the developing stages. However, no users experienced any issues with it and Zignaly comes with the option to connect it with TradingView.
Other great features include no limit on the pairs you want to make and you can also edit the positions. The company that produces it is transparent and you can find any information you may need on their website.
Last but not least, the Gekko bot is probably the most famous one on this list and it’s the most popular one. It is extremely easy to use, even for beginners, it is fully automated and you will have all the essential trading features.
The great thing about this trading bot is that it is open-source, and that means that there are changes and updates that are happening on it all the time. It also offers you the possibility to run tests and to see the possible end results.
What to look for in a bot
Now that you’ve seen the best ones, let’s talk about what you need to consider before downloading and paying for a trading bot.
The first thing you need something that is safe and an Autobot that was made by a trusted company. Look for a company that is placing high on the market and read the reviews. If people are complaining or if it looks suspicious, continue looking.
The next thing you should look for is security. Since you are going to make all your payments and get all your earnings online, you need an autobot that is secure. The same goes for the cryptocurrency. You should also look for a program that is easy to use because you don’t want to end up reading the user’s manual for hours before you are able to use the trading bot.
Last, but not least, when choosing a program make sure you check the overall experience. This means reading what the platform offers and if it has all the additional features you may need. However, this is something you will realize and need in time. If you are just a beginner, choose a program that is easy to use and something simple. After you gain some experience, you can revalue your needs and maybe change the trading bot.
Have you ever used any of these autobots? What was your experience with them? As you already know, there are so many to choose from, and the best one is the one that offers everything you need. You can also talk to your friends who are in the crypto trading business and ask for their opinion.
When choosing the right trading bot for you, don’t be shy to contact the customer service of the platform you are looking in and ask the questions. Some places may even offer you a discount if you are moving from one bot to another.