My Top 6 Performing Crypto Trading Bots of 2022

I love trading bots because they automate a potentially profitable process — trading, which can be as arduous as it is a monotonous chore if done manually. As a technology enthusiast and cryptocurrency advocate, I cannot overstate the role of trading bots in helping me to generate passive income effortlessly in the background, as I go about my daily activities and white-collared day job, from which I shall perhaps retire early once I successfully establish a veritable passive income stream. Until then, I shall not relent in exploring the great variety of cryptocurrency trading bots in the market — my favorites of which are summarized as below.

#1 3Commas

3Commas is perhaps the most underrated trading bot in the list so far. It has outperformed my expectations, having earned me a stellar profit of $140 from a capital of $500 in less than a month!

3Commas is an advanced cryptocurrency trade management platform offering DCA bots, Grid bots, Options bots, Futures bots, HODL bots, Scalper Terminal, and full Portfolio management all from a single convenient interface.

Features

• Smart Trade: Enables trading across multiple exchanges, with advanced orders eg trailing take profit and multiple take profit targets.
• Trading Bots: DCA, grid, options and futures bot
• Portfolio Management: The automated trading service enables its users to monitor and manage their assets on more than 18 crypto exchanges via API keys.

Pros

• Versatile with multiple functionalities catering to a variety of traders ranging from beginners to advanced traders
• A wide variety of free and paid signals are available to guide automated trading.
• An abundance of technical analysis indicators, such as the RSI, moving averages, MACD, Bollinger Bands among many others!
• Your funds are SAFU, as you never have to deposit any funds into3Commas; all the trading is done directly on your exchange, via your API keys. The bot simply executes trades on your exchange according to the manner in which it was programmed, with no withdrawal credentials.
• Extensive support for 18 cryptocurrency exchanges.
• Paper Trading available, allowing you to test out your strategies without using real funds.
• Copy Trading: Check and copy top-performing bots from other users!
• Preset settings: Trade using preset settings created by professionals, if you are not familiar with setting the bot.
• Multiple notification options: Receive deal notifications on your browser, through mobile app, on Telegram, and via email.
• Mobile application with full functionality allows easy access to the trading bot even when you are on the move!

Cons

• No desktop application; only web/ mobile interfac available.
• Beginners may not be able to take full advantage of all the available features.

Getting Started With 3Commas

• Sign up for any supported exchanges such as Binance, Kucoin, Huobi etc, if you don’t already have an account.
• Sign up for 3Commas here to receive a FREE 3 day trial and an exclusive 10% discount for the first monthly subscription, should you wish to proceed with the paid plan.
• Connect your exchange to 3Commas via an API key created directly on the exchange’s platform.

• Start exploring the vast interface of 3Commas, with the option of enabling “Paper Trading” to test your strategies!

Sign up for 3Commas here to receive a FREE 3 day trial and an exclusive 10% discount for the first monthly subscription!

For more information on 3Commas, check out my previous article below.

#2 Jet-bot

Jet-bot is an advanced online trading bot that is able to automate spot and futures trading on Binance, generating cashflow 24/7.

Features

• 24/7 automated trading on spot and futures market, with take profits/ stop loss functions.
• Advanced safety order configurations which automate averaging the entry price, in case the market goes in an unfavourable direction.
• Telegram bot support: Create bots, change settings and receive trading reports both on the web platform and via Telegram.
• Demo trading account is available with a $100,000 virtual portfolio.
• 3-day trial period with full access to the platform

Pros

• Advanced safety orders configurations which help to average out the entry price of a trade regardless of the market direction, within reasonable limits.
• Excellent customer support.
• Copy Trading is available — no need to worry about bot settings!
• If you have experience in trading and wish to become a Top Trader, Jet-bot may well be a lucrative passive income stream! (Top Traders earn 25% of profits from people who copy them.)

Cons

• Only supports Binance.
• Certain Top Bots/ bot settings may require a relatively high initial investment.
• Only 1 futures trade can be opened on a single account at any one time; in other words, if you wish to run several futures trades simultaneously, you need to connect more than 1 Binance account.
• Pricing for the unlimited bot may be a little steep for small investors.

Getting Started With Jet-bot

• Sign up here for a free account!
• Simply enter your email and password on the registration page and press the “Register” button, or use a one-click registration via social networks.
• Confirm your account via a link sent to your email address.
• Connect Jet-bot to your Binance account via API keys!

Sign up here for an account with $10 bonus (minimum redemption requirement of $50 applies), $100,000 virtual portfolio, and a 3-day trial period with full bot functionality!

For more information, check out my previous article on Jet-bot below.

#3 Pionex

Pionex is the world’s first cryptocurrency exchange with built-in automated trading bots, first launched in 2019 and has since grown into an international crypto platform.

Features

Pionex offers a trading platform, as well as multiple trading bots some of which are described below.

• Grid trading bot: The Grid trading bot automatically buys an asset when the price reaches a predefined “low” point and sells when it hits a defined “high”, allowing the user to continuously capitalize on market volatility.
• Leveraged grid bot: The leveraged grid bot works using the same method as the standard grid bot but allows you to access margin to amplify returns.
• Trailing sell bot: The trailing sell bot was developed to appeal to investors who tend to sell too early in a pumping market. The trailing sell bot allows you to set multiple target prices that subsequently increase in value. When each target is reached, the bot will automatically sell a predefined percentage of your holdings. This practice also limits potential losses if the market suddenly reverses its direction.
• DCA (dollar cost averaging) bot: The DCA bot allows you to set a series of buy orders at time-based intervals. Instead of basing the execution of buy orders on price, the bot will buy at the current market price at each of your intervals. This strategy provides you with a simple way to get a better average price over time.
• Spot futures arbitrage bot: The spot future arbitrage bot allows you to capitalize on differences between the current spot price of a cryptocurrency and the current price in the futures market. This bot aims to provide a “return of 15–50% APR with extremely low risk,” and you can get started with as little as a $50 deposit.
• Martingale bot: This bot performs DCA buy, one-time sell to capture fluctuation profit.
• Rebalancing bot: This bot helps you to HODL your coins by rebalancing your portfolio at regular intervals to ensure the same pre-defined proportion of assets in the basket.

Pros

• Free to use!
• Competitive fees of 0.05% on all transactions.
• Helpful tutorials to explain each trading bot.
• Live chat and customer support email.
• Vast support for over 120 different crypto pairs.
• Has a unique ability to automate shorting the market with reverse grid trading bots/ leveraged short tokens.

Cons

• No demo account available to practise trading.
• No fiat support.

Sign up for Pionex today and start automating your cryptocurrency trades!

For more information on Pionex, check out my article below.

#4 Huobi

Huobi is a cryptocurrency exchange with diverse offerings, which has recently ventured into the field of trading bots.

Features

Huobi offers 3 types of trading bots at the moment, with a futures trading bot scheduled for release in the near future.

• Spot Grid: Lets you buy low and sell high automatically in a specific price range

• Martingale Strategy: This strategy repeatedly buys the dips and sells all at once once prices surge, generating profits
• Infinity Grid: Earn profits while holding amidst rising volatility.

Pros

• Easy to set up.
• Free to use!
• A low minimum capital of $10 to start a trading bot.
• Presence of relatively advanced features such as the martingale multiplier (which makes exiting a trade easier with profits) in the native trading bot of a cryptocurrency exchange.
• Automated trading by the bots count towards the daily trading quota, which can be used to earn crystals that can in turn be used to obtain free airdrops known as ‘Candydrops’!

Cons

• Lacks more advanced features such as trailing, martingale for price deviation etc.
• Still in the relatively early stages of development.

Getting Started With Huobi’s Trading Bots

• Sign up for Huobi here!
• Proceed with KYC verification — upload your document and scan your image for the verification process.
• Select “Trading bot.” (available on the web interface/ mobile application)
• Select the pair you want to trade, and choose to use the AI settings/ customized settings. Take note of the minimum investment amount in the investment textbox for that particular coin.
• Confirm your settings, and start generating passive cashflow directly on your cryptocurrency exchange!

#5 Kucoin

Kucoin is a popular cryptocurrency exchange that currently supports nearly 800 trading pairs and 420 projects, with diverse offerings including a host of trading bots which first debuted in early 2021.

Features

• Spot Grid: The spot grid buys at a low price and sells at a high price within a set price range.
• Dynamic Rebalancing: An automated system purchases and sells assets to maintain a well-balanced investment portfolio.
• DCA (Dollar Cost Average): Funds are divided and invested following a predetermined time cycle, hence mitigating the harmful effects of market volatility in the long run.
• Infinity Grid: A modification of the spot grid especially suited for coins which have a high upside potential in the long run.
• Futures Grid: Employs the similar ‘buy short and sell high’ strategy when trading futures.

Pros

• Free to use.
• Full support for mobile application.
• Supports a wide variety of trading pairs.
• Secure.

Cons

• The minimum investment requirement for the bots vary according to the popularity of the coin, which can sometimes go as high as $200 for a heavily traded pair (although the configurations of the trading bot do not necessarily require such a large amount of capital) — thus potentially impeding beginners or traders who wish to test the waters.
• Has a maximum cap of 10 bots running at any one time.
• Cannot be used outside of the Kucoin exchange.

Sign up for Kucoin today and start trading on autopilot with Kucoin’s built-in trading bots!

For more details on Kucoin’s trading bots, check out my previous article.

#6 One Click Crypto

One Click Crypto is a collection of AI-driven trading bots which trade 24/7 to effectively manage your cryptocurrency portfolio, outperforming the market by 4% every month.

The AI models use recurrent neural networks and reinforcement learning to maximize returns while trading cryptocurrencies. These models are built on architectures similar to those used by major tech companies like Amazon, Google & Facebook for data processing and analytics.

Features

There are various different strategies available, each tailored for different market conditions and investment preferences. Overall, the Performer v2 seems to be the most wholesome bot, whilst the Solar is the most conservative and safest AI.

Pros

• Simplifies cryptocurrency portfolio management — one button is literally all it takes!
• Good performance during slowly moving markets
• Available stop-loss in case of market crashes
• Transparent statistics — publicly available data about the bots and their performance

Cons

• Insufficient trading data on market pairs and bot types; as such difficult to ascertain which bot works best under which market conditions.
• Can only trade in 1/4-hour intervals.
• Supports a limited number of exchanges for the time being — Binance, Binance.US, Kraken, Coinbase Pro, Bitvavo, Bitpanda Pro.

Sign up with One Click Crypto today to automate your cryptocurrency trades!

For more information, check out my previous article.

Final Thoughts

Indeed, trading bots have a huge potential in generating passive income, given the right settings. It automates the monotonous chore of buying low and selling high and eliminates human emotions from decision making, translating into effective trading within reasonable limits.

What are your thoughts? Which trading bots have you found profitable using? Feel free to share your experience and leave your comments below! Happy trading on autopilot!

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★Cryptocurrency Trading Bots★

🎁 3Commas A cryptocurrency trade management platform offering DCA bots, Grid bots, Options bots, Futures bots, HODL bots, Scalper Terminal, and full Portfolio management all from a single convenient interface.

🎁 Jet-bot An advanced spot and futures trading bot with Copy Trading functionality. 3-day trial period available with demo account.

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