As the crypto market keeps evolving, traders and investors increasingly seek new strategies to stay ahead of the curve. Among the alternatives are AI (Artificial Intelligence) trading bots. Adopting a well-developed trading bot can help you maximize your profits. This article explores Seven AI crypto trading bots you can use to optimize your trading strategy.
What are AI Crypto Trading Bots?
AI crypto trading bots can be described as computer programs with advanced algorithms that enable users to automate trading activities. These bots have made trading more efficient and easy as they can analyze huge amounts of data within a few minutes and adjust a trading strategy accordingly.
What are the Top AI Trading Bots
StormGain is a platform that provides its users with trade signals generated using AI technology. These signals, which get updated every two hours, can help you improve your trading outcomes. Data on the platform indicates that StormGain’s trading signals are usually 70% accurate. Along with signals, users are advised on risk controls, such as where to set a stop loss or exit the market.
Shrimpy uses AI technology to manage the investment portfolios of its customers. The trading bot buys and sells assets automatically to keep a portfolio balanced. This makes Shrimpy ideal for new crypto investors.
This platform has a free plan. But to get the best experience, we recommend you subscribe to the Standard package. Here you can create five automated trades to enhance the chances of your portfolio staying in profit.
CryptoHopper is one of the longest-running platforms that offer AI crypto trading bots. Its bots come in different types, including market arbitrage bots, market-making bots, trade bots, and exchange arbitrage bots. Note that they are not free. It will cost you between $10 and $100 monthly to use a CryptoHopper bot. Before making a purchase, the platform gives you a 7-day free trial period.
Unlike Shrimpy, CryptoHopper is not beginner friendly, as its bots require technical knowledge to operate effectively.
TradeSanta is an AI-powered trading platform that strives to make automated trading strategies available to everyone. To get started, connect your crypto exchange account to TradeSanta and then pick the pairs you wish to trade. After doing so, select your preffered automated trading strategy and the time you want trades to be executed.
It is worth highlighting that TradeSanta only supports accounts from Binance, Upbit, Huobi, Bitfinex, and Bittrex.
Whether you are a trader who wants to open a short trade or an investor looking for a long-term opportunity, CryptoHero has got you covered. This AI bot carefully analyzes the market and provides you with the best entry and exit points. One aspect that makes CryptoHero stand out from rivals is its pricing structure. With just $14 per month, you can start using this bot. To save some dollars, you can go for the annual subscription of $139.
Like CryptoHopper, HaasOnline has been in the market for quite some time. Users have used this trading bot in both bear and bull markets, thus proving its reliability. Because the crypto market never sleeps, Haasbot operates 24 hours a day, looking for the perfect trading opportunities for its users. Note that you will pay $49 monthly to use the bot.
Coinrule is one of the best AI crypto trading bots you can get today. It has made its user interface super simple to ensure it’s friendly to beginners. Unlike other trading bots, Coinrule allows its users to create their own trading strategies on top of the pre-existing ones. To use the bot, you will incur a monthly subscription fee of $30. Payment is only made after the end of a free trial.
By employing AI technology, crypto trading bots are able to analyze the market more efficiently and faster than humans. This innovation is vital as the crypto market is evolving fast, prompting the need for new trading strategies. That said, remember trading cryptocurrencies, even with the AI bots, is still a risky venture, so always invest funds you’re comfortable losing.
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