Compare the best crypto trading bots for auto-trading in 2022

A crypto trading bot helps you set up an automatic trading strategy and the best bots offer a profitable way to invest. This guide picks out the best Bitcoin robots and explains how to set up an account.
Updated: Aug 8, 2022

The cryptocurrency industry is still evolving. To navigate the curve of this emerging investment opportunity, crypto traders are looking for ways to gain an edge and finding the best crypto bot can help to optimise trading performance and maximise profits.

Where can I find the best crypto trading bot?

After careful analysis, we’ve identified and compiled the best crypto bots on the market. Take a look at the results below. Read on to find out more about how Bitcoin trading bots can help you to optimise your trading performance.

1
Min. Deposit
$250
Promotion
User Score
10
Get Support From A Free Advisor
62% Users Report Profit from their First Deposit
Reported 31% Success Rate in High-Risk Investments
Start Trading
Payment Methods:
Credit Card, Debit Card, Wire Transfer
Full Regulations:
We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centers. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.
2
Min. Deposit
$250
Promotion
User Score
9.3
Get Support From A Free Advisor
Easy-to-Use Interface
Potential Reported 36% Profit From Month 1
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, Wire Transfer
Full Regulations:
We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centers. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.
3
Min. Deposit
$250
Promotion
User Score
8.7
Get Support From A Free Advisor
Agile and Accurate Technology
Superior Technology
Start Trading
Payment Methods:
Credit Card, Debit Card
Full Regulations:
We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centers. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.

Top crypto robots in 2022

1. Oil Profit

Oil Profit is automated trading software that is designed to work with commodities and cryptocurrencies. It is designed to reduce the complexity of crypto and commodities markets so that beginners can trade with ease.

Oil Profit is free to use and automatically places trades on your behalf. All you need to do is sign up and link your account to one of its partner brokers and you’re good to go.

2. BitIQ

BitIQ is a crypto trading robot that uses mathematical algorithms to predict changes in the crypto market. It scours the market in real time to look for opportunities and then automatically sends the trade to a broker for you.

It’s particularly suited to trading Bitcoin and offers simple signals that help you to do so successfully. It has an interface that’s easy to use and accessible to everyone, and it’s simple to sign up and get started.

3. Bit Index AI

Bit Index AI is a Bitcoin robot that helps you trade all the leading cryptos. It claims to generate a ROI above 60%, which is a fantastic record. That means almost two-thirds of your trades would generate a profit.

Bit Index AI is more than simply an automated trading platform as well. It offers the opportunity to trade manually, using the Bit Index AI signals to help you decide when to buy or sell Bitcoin, along with other cryptos like Ethereum, Dogecoin, Shiba Inu, and many more.

4. Bitcode Prime

Like many Bitcoin robots, Bitcode Prime scans crypto market data to suggest profitable trades. It then makes the trades for you instantly, and claims a high degree of accuracy. Along with Bitcoin, its system works for ETH, LTC, and more crypto coins.

Bitcode Prime uses artificial intelligence and machine learning to find and execute trades. It uses historical price data and the latest market trends to identify opportunities, and is able to execute them much faster than a human would be able to.

5. Quantum AI

Quantum AI uses quantum computing to identify crypto trading opportunities faster than the competition. This advanced trading software helps it to predict price movements in the leading cryptocurrencies, along with other assets like stocks and forex as well.

Quantum AI is another app that lets you trade manually if you prefer to have more control over your account. You can direct the robot according to your preferred means of trading or take control completely and just use Quantum AI as a crypto signals tool.

6. Ethereum Code

Ethereum Code is a crypto trading robot that’s designed to work best with Ethereum. Like other automated systems, it uses AI and machine learning to pick out trading opportunities and then sends them electronically to a broker for you.

This system allows it to scour the market in real time and place trades even when you’re asleep or away from your computer. That means you won’t miss out on any chances to make a trade. There’s also a demo account available so that you can practice before putting your money on the line.

Read crypto-robot reviews

Aren’t sure how to choose? That’s exactly why we’ve provided reviews for you to read and compare the auto traders available. Find reviews for the most recognised crypto bots brands like Bitcoin Trader, Bitcoin Code, Yuan Pay Group and Bitcoin Prime, all thoroughly investigated by our team of reviewers.

Here’s a full list of the top robots to trade bitcoin with;

What is autotrading?

In simple terms, auto trading software is designed to execute trading on your behalf. You can set up an auto-trading robot to trade without any intervention and the software will use technical analysis indicators to determine the best trading times and combinations. In theory, a trading robot should help you to maximise profits. 

What are auto-trading crypto robots?

Crypto robots (aka, automated trading software, expert advisers (EAs), trading robots, bitcoin robots) execute auto trading using different algorithms, constantly monitoring chart patterns and market news, among other indicators. After analysing the available information, they can execute a trading order within seconds.

While trading robots have been available for decades in other financial markets, they are relatively new to cryptocurrency. They are also pretty affordable. Access to Bloomberg’s trading terminal would cost thousands, but the transparent nature of crypto allows a user to directly access an exchange’s order book.

How do Bitcoin robots work?

In basic terms, Bitcoin robots (also known as auto-trading robots) work by retrieving data from an exchange. Cryptocurrency exchanges allow developers to attach their auto trading program via the use of an API and the API sends market data to the bot. Using technical indicators and its pre-defined algorithm, the robot calculates a trade and sends the execution details to the API. Finally, the same interface sends the order of trade, which is then automatically executed by the user’s exchange account.

They can also be used to carry out trades based on your rules by inputting pre-defined conditions. This is particularly useful for crypto markets because they are active 24/7 all year round. For example, a user might input the condition of executing a long position as soon as the price of 1 BTC crosses $8000, while maintaining the stop loss restricted to 4% volatility. This enables the BTC robot to execute the trade automatically, as soon as the conditions are met.

Are robots legit? Will they make me money?

Yes, many popular bots are entirely legitimate and designed to maximise crypto trading potential. However, as with almost any market, scams are not uncommon, so a sensible degree of caution is advisable. 

A Bitcoin robot can be thought of as a tool to help in the development and execution of your trading strategy. Trading robots also take emotional and psychological considerations out of the equation.

However, while there are advantages to executing trades using robots, especially in the cryptocurrency industry, they don’t come with a guarantee of profits. Alternatively, you can take a look at crypto brokers if you find this too complicated.  

Are robots safe and secure?

Yes, the best crypto trading robots have proper security protocols in place to prevent you from getting hacked. Scepticism towards them is understandable as they use third-party API applications to connect with user accounts, but access can be withdrawn at any time by deleting API keys on the exchange. 

Here are a couple of strategies that should help to ensure security:

  • Keep the API keys for your Bitcoin robot safe and do not disclose the information to anyone. 
  • Protect your crypto wallet’s private keys. 
  • Although inconvenient, it is better to turn off automated withdrawals and do them manually. 
  • Do your own research thoroughly before choosing a crypto bot. 

How to choose your perfect cryptocurrency robot

We’ve compiled a list of factors that help you to select a Bitcoin bot to suit all your needs. This can help you choose the best Bitcoin robot and create the perfect trading system.

  • Backtesting – The best Bitcoin robots allow you to backtest your present trading idea or strategy against historical data. Backtesting allows traders to create an optimum strategy and improves the likelihood of success. 
  • Fees and cost – Study the fee structure for any robots you’re considering using before you sign up. Most of them have more than one plan, including basic to advanced packages. The fee structure varies from around $20 per month to as much as $100 for advanced or pro packages. 
  • Compatible exchanges – Check if your selected robot is compatible with the exchange you generally trade on. The most popular robots typically support prominent exchanges including Binance, Bitfinex, Bitstamp, Bittrex, and Kraken. 
  • Multiple payment methods – Most robot service providers offer common payment methods, including wire transfer, credit card and PayPal. In addition to traditional methods, many software providers have also started offering bitcoin and other cryptocurrencies as payment options. 
  • Deposit and withdrawal limits – Deposit limits may vary between service providers. Bitcoin robots require you to fund your account with a minimum investment. Robots like Bitcoin code have a requirement of $250 per month.
  • Good reputation – Before you choose your Bitcoin bot, take a close look at any online testimonials you can find and verify if customers are completely satisfied. We also offer genuine reviews that should help you to make a well-informed decision. 
  • Security – The bot will be connected to your exchange account so make sure it uses a secure API to transmit your trades. The best Bitcoin robots have tutorials and video guides to help you. Be wary of any cryptocurrency trading platform that just asks you for money and doesn’t offer any guidance on how to stay safe.
  • Design and ease of use – The user-interface and design of your chosen automated trading robots should be intuitive and easy to navigate. Sign up for a demo account to familiarise yourself with the software before you deposit any money. Demo trading is a great way to test a Bitcoin robot before you risk your money.

Will I also need an online exchange account?

Yes. A Bitcoin trading robot finds trading opportunities but it doesn’t place the trades itself. It sends the trading signals to an exchange, where the order is executed. You can connect a Bitcoin robot to the exchange via an API.

Choose one of the best crypto exchanges and set up an account. Then go to your account settings where you can find details about how to connect to the account via an API. You need to find the API key, then enter that into your Bitcoin bot to connect the accounts together.

Should I use a Bitcoin robot?

It’s up to you to weigh up the benefits of Bitcoin bots. There’s no doubt that a good trading robot has the potential to seriously upgrade your trading capabilities, but It’s important to keep in mind that robots don’t guarantee profits. While a Bitcoin robot can add speed, accuracy and discipline to your trading, you should regard it as a tool to be deployed intelligently rather than a fix-all solution.

If you have never used an automated trading bot before, you should spend time researching the market and reading online reviews before you sign up to anything. Look for websites that seem professional and where you can backtest the software’s performance against historical market data.

When you do settle on a trading platform, it’s a good idea to set up a demo account before you start trading. Even the best Bitcoin bots take a while to get used to and the cryptocurrency market moves quickly. You need to understand the price fluctuations and market trends before you dive into trading for real.

What are the benefits and risks of using a Bitcoin robot?

There are many reasons to choose a Bitcoin bot but it’s normal to be sceptical, as there are a few scams out there. Here is a quick summary of the pros and cons of using a Bitcoin robot.

Benefits

  • Auto trading software automatically carries out trades as per your instructions.
  • Bitcoin robots trade around the clock so you can continually make trades
  • Software offers the tools to back test a trading strategy allowing traders to finetune their ideas
  • Robots act with enhanced speed and can enter and exit a trade with precise timing
  • The best Bitcoin robots have a mobile app so you can fine tune your trading strategy from anywhere

Risks

What are the fees for using automated software?

Each crypto robot has its own pricing structure but you usually have to pay a subscription to use one. Often there are multiple packages available depending on how many different trading strategies you want to run. These can range from $10 up to $100 or more for the most advanced package.

There may also be other hidden fees as well. Along with the subscription you may have to pay trading fees or commissions. These can mount up quickly and make running a Bitcoin robot quite expensive. Make sure you pick an exchange with low trading fees if you plan on sending a lot of trades.

Some trading platforms choose to avoid a subscription fee altogether. Instead, you may be asked to put down a minimum deposit of $250 before you can start trading. This is how Bitcoin Prime sets out its fee structure and the same is true of many other trading robots.

Methodology: How did we choose the best Bitcoin robots?

The crypto trading robots listed on this page were selected by our experts. Each Bitcoin robot was extensively tested to find out how easy it was to go through the registration process and sign up, making a payment, connect to an exchange, and place a trade. We also checked if the results generated from the Bitcoin trading robots were honestly reflected on their vendors website.

While comparing each automated trading system we used a combination of our own research and online reviews. None of the trading signals listed on this page had any influence into how we ranked them. On occasion, we may receive an affiliate commission if you click a link and register an account. Find out more in our review process.

FAQs

ℹ Will I make money with Bitcoin robots?
ℹ Are there robots for other investments too?
ℹ Are crypto robots easy to use?
ℹ Which cryptocurrencies can be traded using robots?
ℹ Can I use a Bitcoin robot on any exchange?
ℹ Are robots backtested?
ℹ Are using crypto trading robots legal?
ℹ Will my robot trade for me anonymously?
ℹ Where can I access my full trading history?
ℹ Do I have to pay tax on any profits made through robots?
ℹ Are crypto robot systems regulated?


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Harry was a Financial Writer for Invezz, drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience… read more.
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