1.7 k views

How Can Crypto Trading Bots Help You Manage Your Investments?

Bots are computer programs designed to carry out specific activities automatically. They operate with the least amount of human input possible. 

Crypto trading bots are automated programs that trade a single coin or a portfolio of cryptocurrencies. They trade on one or more exchanges on behalf of the owner or user. 

Cryptocurrency bots can automate trading tactics to increase portfolio profits. Today, we’ll take a closer look at this ever-expanding technology. 

A Simple Way to See Crypto Trading Bots

Artificial intelligence, machine learning, and other cutting-edge technologies are standard tools in crypto bots. APIs allow these systems to gather real-time data on the crypto market’s enormous dataset. 

Bots use predetermined trading techniques and strategies to assess this data. Finally, the system generates meaningful and actionable measures as trading signals. 

Predicting future cryptocurrency values is the primary goal of a trading bot. Predictions should be consistently accurate to maximize earnings. 

While using price forecasts, trading algorithms may make buy and sell orders on live crypto marketplaces. Limit and other types of orders typically execute automatically in most markets. 

The bot’s activity typically ends once it has entered a trading order, with subsequent gains or losses.

Understanding Crypto Bots Through Market Examples

A good example can be even more precise than a simple theoretical explanation. Therefore, the following subsections will mention three existing projects that allow users to access crypto trading bots.


There are a lot of trading features that you may incorporate into your custom bot on 3commas. In addition, a variety of renowned cryptocurrency exchanges are available for testing. 

Automated trading means the bot will purchase and sell cryptocurrencies on your behalf. So your bespoke trading bot’s capabilities extend well beyond market orders. 

Trading with 3commas also allows placing a stop-loss order and a take-profit order. 

To avoid building your trading bot, copy an experienced trader’s strategy. You can follow traders’ data, such as profit and loss history.


To put it simply, Cryptohopper is an internet platform that lets you employ an automated trading bot. The bot will conduct trades for you based on the underlying circumstances that the system knows how to use. 

At the time of writing, the Cryptohopper bot works with eight of the most popular cryptocurrency exchanges. Binance, Coinbase Pro, Bittrex, Bitfinex, and KuCoin are examples. 

If you’re an experienced investor, you may create an automated bot that reflects your needs. However, even if you’re unfamiliar with programming, you may still utilize one of the premade bots on the site. 

Cryptohopper is a premium service that requires a subscription. There are three pricing tiers, with monthly fees ranging from $19 to $99, depending on your requirements.

Final Thoughts

There are several factors to consider while searching for the finest crypto trading bot. First, you’re generally looking for a less expensive platform that allows you to test automated trading techniques.

Bitcoin live price
price change

We recommend conducting a thorough research process before selecting a trading bot. These automated strategies deserve all your attention, so ensure you fully understand all the platform’s features.

Stay up to date with our latest articles

More posts

The 2024 Guide to Top 11 Crypto Marketing Agencies

Understand the Importance of Crypto Marketing Agencies In the dynamic world of digital currency, understanding and leveraging the power of specialized marketing is pivotal. As cryptocurrencies, NFTs, and blockchain technologies reshape our financial landscape, partnering with a proficient crypto marketing agency can be a game-changer for projects aiming for prominence. This is especially true in 2024, as the industry becomes more competitive. Let's delve into what makes these agencies indispensable. Tips for Choosing the Right Crypto Marketing Agency When exploring…

Why SolidProof Stands Out in the Blockchain Security Landscape

SolidProof - a registered security company from Germany - has announced the imminent release of an updated version of its SolidProof Automated Audit Tool (SAAT). This unique blockchain industry product supports decentralized finance (DeFi) growth, enabling projects to minimize security threats. An upgraded SolidProof App is also ready to roll out with new and exciting features, cementing SolidProof’s place in the top tier of blockchain security providers. Increased Challenges for DeFi Security Decentralized finance has evolved on top of blockchain…

Top 5 Crypto Gaming Tokens to Buy for the Next Bull Run

Crypto gaming is one of the fastest-developing sectors of the blockchain industry. In 2023, it is estimated at $7.89 billion and is forecasted to reach over $300 billion by 2030. Some see it as the next ship to onboard for lucrative long-term investments. And after a closer look at it, we can easily understand why. The strength of the crypto gaming market lies at the crossroads of several technological advances, including blockchain, cryptocurrencies, and the Metaverse. Including new economic models,…

Top 3 Crypto Casinos in 2023

Playing at crypto casinos is a widespread practice in 2023. These online platforms feature all the classic casino games, like poker, Roulette, and Blackjack, besides modern interactive slots and sports betting. Players worldwide can make crypto deposits in Bitcoin, Ethereum, and other popular cryptocurrencies for the chance to win substantial jackpots, bonuses, and rewards. If you are wondering how to choose a crypto casino, you have come to the right place. We selected three of the top crypto casinos this…

Using Open-Source Protocols for Developing Scalable Solutions on Blockchain

Blockchain technology's safe, transparent, and decentralized transaction platform might transform several sectors. However, building scalable blockchain solutions can be a challenging task.  This short guide will explore how to leverage open-source protocols to develop scalable blockchain solutions. The article aims to make it easier for developers to plan the realization of robust and secure blockchain applications.  Understanding Open-Source Protocols Open-source protocols, such as Ethereum and Hyperledger Fabric, come from organizations and are available for anyone to code for free. Unlike…

How to Leverage Arbitrage Opportunities in Crypto Markets

Cryptocurrency arbitrage has become an increasingly popular investment strategy as the crypto market grows and evolves. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit.  Investors can leverage profit opportunities by understanding cryptocurrency arbitrage while managing associated risks. In this guide, we'll explore cryptocurrency arbitrage and how it works. A Bitcoin-related example will help us illustrate the concepts of this strategy. What is Arbitrage and How Does it Work in Crypto Markets Crypto arbitrage trading is…

The Different Types of Copy Trading in Crypto

Are you interested in trading cryptocurrencies but feel intimidated by the complexity of the process? Copy trading is a great way to get into crypto without needing to be an experienced trader. With copy trading, investors can benefit from the experience and knowledge of more experienced traders, allowing even beginners to succeed. How does copy trading work, and which tips do you need to know to succeed? In this article, we'll explore all aspects of copy trading in crypto. What…

How to Spot an Unsafe Crypto Exchange

Cryptocurrency exchanges have become increasingly popular as they provide a platform for people to buy and sell digital assets. Unfortunately, not all crypto exchanges are safe or reliable.  With the rise of cybercrime and fraud, you must learn to spot an unsafe crypto exchange before investing your money. This guide will help beginners identify and avoid potential risks when selecting a cryptocurrency exchange.  The Role of Crypto Exchanges on the Digital Assets Market Cryptocurrency exchanges play a crucial role in…

A Guide to the Impact of US Fed’s Interest Rates on Crypto

The US Federal Reserve's interest rate is one of the world's most influential economic indicators. These rates profoundly affect global markets and investments.  But what impact does this have on cryptocurrencies? Today, we’ll explore how Fed interest rate changes affect crypto prices and why traders need to pay attention to them. We will also discuss how quickly these rates are increasing and what this means for cryptocurrency investors.  Observing the connection between US Fed rates and crypto assets allows you…

Unveiling the ERC-4337 Account Abstraction Standard – What You Should Know

The Ethereum blockchain is always changing and adding new features to make it easier to use. One of the latest developments is the introduction of ERC-4337. This account abstraction standard promises to revolutionize how users interact with Ethereum. This guide will tell you about ERC-4337. We'll explain what it is, how it works, and the good and bad things about it. We'll also talk about why you should use this new standard for smart contracts. By the end of this…