7 Popular Bitcoin Trading Bots of 2022
Cryptocurrency trading is a complex, time-consuming process. With the growing popularity of cryptocurrency and blockchain, many new technologies and innovations are taking place in the crypto market. Trading bots are one such advancement that helps traders to simplify their trading process. Trading bots are software that trades cryptocurrencies on behalf of human traders. They connect to an exchange, mostly using an API protocol, and make use of numerous trading strategies and indicators for a better trading experience. Bots are more effective than human trading as they are based on mathematics and calculations.
Let’s discuss the most popular bitcoin trading bots that are going to be trendsetters in 2022.
Cryptohopper is one of the highly popular bitcoin robots that attracts traders with its interesting and unique features. The wide social trading facilities, cloud trading, and the variety of exchanges and coins to trade are some of the popular features of this trading bot. Cryptohopper can help you with risk management and has a huge customer base. Automatic trading, mirror trading, trading strategies designer, paper trading, trailing stop loss are some of the features of cryptohopper.
Bitsgap is a startup trading bot that has strong crypto terminal plans to compete with the existing bitcoin trading robots. It supports 25 exchanges and thus offers more arbitrage options. Bitsgap supports services like arbitrage, portfolio tracking, trading, bots, trading signals, etc. You can use the demo version of Bitsgap to check its efficiency and strategies without losing your money. The lowest package costs $19 and the advanced account charges $109, offering 15 bots.
TradeSanta is created to make trading accessible to everyone. This automated trading platform is very easy to use and equipped with a powerful interface. It is ideal for both beginners as well as experienced traders. Trailing Take Profit and Trailing Stop Loss are the two most important tools of TradeSanta. It also features other tools that help traders to buy and sell bitcoins easily.
Wunderbit Trading features transparent track records and an advanced trading terminal that helps traders to trade bitcoins most effectively. Its Multiple Exchange Management feature allows traders to easily manage their multiple crypto exchange accounts.
Shrimpy mainly focuses on portfolio management strategies. Shrimpy can be the right choice for investors looking for long-term optimization for their portfolios. Stop-losses, dollar-cost averaging, and rebalancing are all possible easily with this trading bot. The convenient features and the simple user interface add to the attractions of Shrimpy.
Cryptx Terminal integrates all the popular exchanges and offers the best analysis tools and portfolio tracking. Thus it is an all-in-one solution for traders all over the world. The arbitrage capability of Cryptx Terminal is another attraction that offers the best overview of the prices as well as the market trends.
Zenbot is the best choice for traders who would like to create personal trading bots on their own to assist them in coding. Zenbot supports more than 11 exchanges.