- TOP 5 Cryptocurrency Trading Bots - Crypto Trading Bot Review
- Top 18 Rated Bitcoin Trading Bots for 2019
- Crypto World Evolution (CWE) 2019 Overview
- Cryptocurrency Bot Reviews
- Best Bitcoin Trading Bots in 2020 – Automated Cryptocurrency Trading Guide (Jan 2020 Update)
- Haasbot 2019 Overview
- The Ultimate Guide to Crypto Trading Bots
- Beginner’s Guide to Bitcoin & Crypto Trading Bots
- What You Need to Know About Crypto Bots
- Self-hosted crypto trading bot (automated high frequency market making)
- Best crypto trading bot self hosted
- 18 Best Bitcoin Trading Bots (2019 User Guide)
Welcome to the BitcoinExchangeGuide.com best bitcoin trading bots overview for 2019.
We put together a valiant effort into reviewing all of the top automated cryptocurrency trading systems currently available for investors to use and decide which is right for you.
Once upon a time, it was well-known that trading is the life blood of markets.
And since the blockchain era is dawning before our eyes, the ability to transact within the global economy is a 24/7/365 endeavor and shall remain that way indefinitely given the nature of invaluable elements bitcoin brings to the world's financial infrastructure as programmable money.
Simply put, people, in this case, investors, would rather have opportunity over charity.
TOP 5 Cryptocurrency Trading Bots - Crypto Trading Bot Review
And with an ever-increasing number of cryptocurrency-related platforms emerging in this booming sector, combined with the non-stop day to day price movements and volatility, it can leave most part-time and full-time day traders frustrated to compete.
Whether a lack of knowledge, insight or timeliness ultimately required to make magic happen within the market, humans are full of emotions, biases and prone to miscalculations that can jeopardize results.
Bitcoin investors are familiar with the need to be on their toes whenever they want to have a growing portfolio and enhance their profit to loss ratios.
Unlike the regular stock markets, the cryptocurrency market never sleeps and as a trader, this presents a highly stressful situation for investing within the industry.
Fortunately, the development behind most of today's highly-sophisticated, automatically-executing, self-configurable bitcoin trading bots reviewed below have came along way.
The top crypto coin trading software systems available can provide investors with a legitimate edge and more viable option to optimize their time, effort and resources to not only generate a passive income but protect your investments using ‘artificial assistance'.
Due to the completely-customizable, granular control most of the reputable bitcoin-based trading bot software setups offer, it’s becoming increasingly difficult to determine which bot solutions can be trusted and which are best avoided.
And because so many traders already rely on robots to perform automated trades around the clock, many investors can be at a disadvantage to begin with by trying to compete with artificially-intelligent trading robots.
The key to unmasking why automatic bitcoin investment robots work is because of how they are programmed to win at a bunch of micro-trades or have the ability to step out of any trade depending upon risk tolerance and marginal timeframes, or even long-term belief in the coin of your choice to ‘hold' despite recording losses on a live trade.
Most, but not all, will offer a range of known technical indicators, pre-built algorithms and chart tendency analysis.
Now that we have laid the foundation on bitcoin trading bots, the rest of this 2019 user guide will come in a 3-part series to help you make an informed and education decision when selecting from the list assembled below. First we will review the 18 best bitcoin bot systems, then talk about the human vs robot trading aspect followed up by how important trading bots are to bitcoin's emerging cryptocurrency market.
Enjoy learning about the features, tools and functionality of each of the crypto trading bots so you can trade like a professional and take your game to the next level.
Make sure to read about the risks and safety of syncing up your bitcoin bot of choice with your personal cryptocurrency exchange accounts.
Top 18 Rated Bitcoin Trading Bots for 2019
As with any automated system, it’s important to perform your due diligence and assess the potential costs and benefits of using bots for financial transactions before getting started.
Crypto World Evolution (CWE) 2019 Overview
Crypto World Evolution has recently come to light as a top performing auto trading bots.
Cryptocurrency Bot Reviews
We covered the whole bitcoin trading bot review side of the software in another post you can find here: Crypto World Evolution and a report that came out regarding legality of using bots, you can see here: CWE Howey Test.
Why did we put it to number 1 of the best bitcoin trading bots? What we like about Crypo World Evolution is the fact that you aren't putting money into a system that you have no control over.
With CWE, you leave the money in your exchange account (Binance, Bittrex, Okex, Hitbtc) and the bot does the trading via API access.
You can leave the “Allow Withdrawal” option off so that it doesn't have access to your cryptocurrency.
We recommend using Binance since their API allows you to select which altcoins you want the bot to trade against. The other 3 exchanges they are working on getting API access to selecting which coins.
CWE trades via Bitcoin (BTC) only. So you will need to fund your account with BTC and let the bot know exactly how much it can trade with.
Best Bitcoin Trading Bots in 2020 – Automated Cryptocurrency Trading Guide (Jan 2020 Update)
Then pick at least 15 altcoins that you want the bot to trade for.
On average, each trade is worth .01 BTC – So if you tell it to trade up to .1 BTC it will open up 10 trades simultaneously. The Bots algorithm tells it to hold a trade open until it reaches 1% or greater depending how the market looks. Open trades stay in a state of “pending” until it reaches the desired level to sell off or if you manually click “Sell” yourself.
You are still in full control, which is why its at the top of our list.
With the market being as volatile as it is, your bot may make several trades per day or it may not make any.
We recommend selecting 15 coins that you have done research on and would trade for if you were doing it yourself. The CWE bot will keep opening new trades until you tell it to stop.
We have seen trades close at 1% to 10% but on average we saw close to 2%. Which is great considering you aren't sitting there watching the charts.
Haasbot 2019 Overview
The Haasbot automated trading solution is one of the more popular Bitcoin trading bots available, and removes a significant amount of legwork from the trading process.
Haasbot, like most of the other bots on this list, integrates with all major exchanges and offers the unique benefit of candlestick pattern recognition capabilities. As the price of Haasbot ranges between 0.12 and 0.32 BTC per three-month period, users of the bot must be fairly committed to extracting a significant ROI from it.
The world of cryptocurrency never sleeps.
Unlike the typical trading markets where there is a specific cutoff time, with digital currency it continues to work while we sleep.
The Ultimate Guide to Crypto Trading Bots
This makes it very difficult to keep up with the market and the crypto world. For traders this ensures sleepless nights toiling over endless charts. After all, in the digital world, you have to work like a machine to keep up and there are several traders with horror stories of missing that golden opportunity because they had to sleep.
In the digital world, the window of profitability is narrow.
A trader has but a few moments to jump on a trade or risk losing it. All this, of course, causes stress that ultimately affects their decisions on and off the market.
Beginner’s Guide to Bitcoin & Crypto Trading Bots
These things happen on a daily basis for a skilled and knowledgeable trader. But what if you are completely new to the game? What if you are an investor looking to get into this crazy world of cryptocurrency?
The knowledge and know how to make trades comes with trial and error. There are some who fork over thousands to learn the skills to become cryptocurrency traders while others take a practical approach and watch from others.
What You Need to Know About Crypto Bots
The thing is though, cryptocurrency trading is a game. And the game is to make money. No one wants to lose money due to bad trades. But those just coming on the platform don't have anyone to learn from. The gurus and financial advisors always keep their best secrets to themselves.
Self-hosted crypto trading bot (automated high frequency market making)
They don't want to give away too much and have you beat them. That is where Trading bots come in.
For many professional traders down to the newbies fresh on the scene, a trading bot can mean the difference between winning and losing. Basically a trading bot is a computer program that uses codes and algorithms.
The bots are set to analyze cryptocurrencies and where they go either up or down.
These nifty programs are perfect for the beginner trader. Because their systems go over data that could be easily missed by a new trader.
The upside to trading bots is that they are computers that can handle working 24/7 and stay on top of the cryptocurrency market when mere humans have to sleep and do other human things.
However, relying on a trading bot can be risky.
After all, the data collected is sometimes unreliable and inconsistent.
Best crypto trading bot self hosted
But there are a few bots out there that can show positive results and help any investor make some serious cash.
HaaSOnline Automated Bitcoin Investment Software
The HaaS trading bot was conceived in January 2014 by none other than Stephan de Haas. The company HaaSOnline Software has been around since the 90s and has a ‘flagship' product known as the HaasOnline Trade Server (HTS).
The HTS is a cryptocurrency trading system that was designed to automate trades and is in its third revision.
The HaaSbot, the newest auto trading software has been revised twice and is set to be released in 2019 as 4.0. Although, this new updated version does have some drawbacks. One is that it can't access some exchanges. However, the people at HaaS are on the job to fix that problem.
On the plus side though, HaaSbot is supported on Windows, MacOS, and Linux.
In order to run the bot though, your computer will need 1.2 GHz or higher and at least four cores to function properly. Also, you will need at least 2GB of memory space along with an internet connection that is super-fast or at least 5mbit download speed.
HaaSOnline Trade Software has fifteen bots to choose from depending on how much you want to spend on the software.
These are also broken down by how often you trade. For the most basic you will want to look at HaaSbot 3.0.
HaaSbot is the most widely used trading system. It offers the ability to configure all sorts of trades from the most simple to the complex strategies used for trading.
Other popular bots from HaaSOnline are Index Bot, The Accumulation Bot, Flash Crash Bot, Email Bot, InterExchange Arbitrage Bot, Order Bot, and Intellibot Alice.
Each of these bots can be set to your specification. So whether you want to set pre-defined orders with Order bot, or set orders based above or below a base price.
With so many features of HaaS Bot, you are sure to find a system that works for you.
18 Best Bitcoin Trading Bots (2019 User Guide)
The company offers packaged plans suited for every trader. You can get a package for three months or twelve. Or somewhere in between. Plus, their price plan is also affected by the kind of trader you are. You have the option of getting a beginner plan to advanced plans.
The cost for a basic beginner plan for 12 months is 0.12 BTC. But for the basic simple plan for the hobbyist, you are looking to spend 0.02 BTC. For the more advanced trader, you are looking at spending a whopping 0.32 BTC for the 12-month package.