Managing every aspect of your cryptocurrency trading strategy can be overwhelming. If you need to be online night and day to trade, execute precise orders, analyze the market, and manually implement the strategy you’ve developed, you’re going to have a nightmare trading cryptocurrency.

Trading crypto is not the same as trading on traditional exchanges. The cryptocurrency markets never take a break. Exchanges are executing trades 24/7.

To sleep soundly, most cryptocurrency investors employ the services of trading bots. These trading bots can automate a strategy without emotion. Every trade is precisely calculated and predetermined by the conditions you define.

Although the concept sounds simple, there are a large variety of services that provide automated trading bots. Some focus on technical indicators, day trading, and scripting, while others focus on simple portfolio management techniques.

We will break down the 5 best cryptocurrency trading bots that can help you simplify the way you manage your portfolio. Each of these trading bots has a unique purpose that can help you clearly organize your strategy in a way that works best for you.

Shrimpy

Cryptocurrency trading bots don’t need to be complicated. At Shrimpy, we have taken this idea to heart. As a result, we have created the most sophisticated trading services that are extremely easy to use.

Shrimpy was designed by crypto investors, for crypto investors. People who are planning on staying in the market for the next 10 or 20 years. Instead of concerning yourself with the second to second tick of the market, Shrimpy focuses on the 10-year horizon. It’s meant to provide a way to automate your portfolio over the long term.

There are no other services like Shrimpy. Simply connect all of the exchange accounts, select a portfolio or indexing strategy, and watch Shrimpy automatically maintain your portfolio over time. It feels like HODLing 2.0.

Rather than letting your portfolio collect dust in a hardware wallet, Shrimpy systematically rebalances your portfolio. When you deposit new funds to your exchange account, these funds can automatically be injected into your portfolio using our advanced dollar-cost averaging features.

Everything you need to manage your portfolio is provided in one application. Track your performance over time, quickly adjust your portfolio based on new research or market movements, or just let Shrimpy automate everything with our world-class dynamic indexing strategies. It’s the ultimate personal asset management solution for cryptocurrency owners.

Shrimpy supports connecting to any of the top 16 cryptocurrency exchanges, so you can always find an exchange that works perfectly for you. If you can’t decide on a single exchange, that’s not a problem. Link multiple exchanges to Shrimpy to view your portfolio across exchanges and manage all of your exchange accounts through a single unified dashboard.

Sign up for Shrimpy today!

Pricing

Shrimpy supports both a free and premium subscription tier. The free tier only provides access to portfolio monitoring features. To begin automating your portfolio, you must subscribe to the “Professional” tier. This gives you access to all of the portfolio management, trading, and social features that really make Shrimpy shine.

The professional tier starts at $13 / mo when billed annually.

Coinrule

Coinrule is a rising automated trading service that focuses on indicator-based trading. Instead of automating a strategy for the long-term, Coinrule is concerned with the intricate interactions that go on in the market on a minute-by-minute basis. As the price of your assets changes throughout the day, the automated trading bot will execute the trades for your specified trading strategy.

We recommend Coinrule for cryptocurrency traders who want to be hands-on with their funds. Continuously updating your strategy and tinkering with the bots to get the optimal results can be time-consuming, so this trading bot is ideal for people who have the time to invest in fully learning the strategies they implement.

Pricing

The Coinrule pricing starts at a reasonable 9.99 / mo, but quickly ramps up to $199.99 / mo for the most advanced plan. With $9.99 you can connect 2 exchange accounts and automate 5 rules at a time.

Zignaly

Zignaly can be considered a more complex competitor to Coinrule. Providing crypto trading signals, indicators, and TradingView connectivity, traders can execute a detailed strategy by combining various signal-based strategies.

In addition to trading based on various indicators, Zignaly has opened up a position-based trading terminal that allows traders to set specific orders on the exchange without automating the strategy.

With the large number of features supported by Zignaly, it comes as a bit of surprise that the only exchange they support is Binance. Without a Binance account, you are out of luck with this service.

Some of the core features they support include:

Trailing stop loss
Signals
TradingView Bot
Multiple Targets from signals

Pricing

There is currently only a single pricing tier for the Zignaly application. Everything they offer can be purchased for $15.99 / month. This includes unlimited coin pairs and positions.

Gunbot

After several years in the market, Gunbot still remains one of the lesser-known competitors in the market.

Gunbot is a desktop application that is downloaded in order to run. This means you will need to run the service yourself 24/7 to ensure the continued execution of your trading strategy. This can be a concern for many traders who are constantly on the go. Setting up a machine that runs 24/7 can become costly and frustrating.

Some of the most prominent features in the application include:

Reversal Trading
Trailing
Confirming Indicators

Pricing

Gunbot is not for everyone. It carries one of the largest price tags among trading bots in the market. The cost to get started can be nearly $1,000 if you want to have access to linking up to 5 exchanges and all trading strategies. It’s certainly not for everyone.

Haasbot

Last but not least, HaasBot. HaasBot is one of the most (if not the most) complex trading bot platform in the market. You can think of it as “Gunbot on steroids”.

Haasbot is not designed for the average person. It is specifically designed for advanced traders who completely understand the technical details of trading strategies.

If you are looking for an enterprise solution, Haasbot may be the solution for you. The feature list feels like it supports everything under the sun. From market making to zone recovery.

Some of the most notable features include:

Accumulation Bot
Flash Crash Bot
Ping Pong Bot
Trend Lines Bot

Pricing

This enterprise-grade trading bot platform certainly carries the enterprise price tag. The lowest pricing tier is $200 / 3 months and quickly ramps up to $600 / 3 months.

Conclusion

There are a variety of trading bots that each have a specific purpose. Take care when selecting which trading bot is best for you.

Before diving into any specific trading bot, consider the experience you want to have with a trading bot. Trading bots like Shrimpy are designed to be simple and automate long term strategies. On the other hand, trading bots like Haasbot are designed to support countless indicators, complex strategies, and time-consuming setup.

Explore each of these world-class trading services to find the one that fits your goals.

About Shrimpy

Shrimpy is an account aggregating platform for cryptocurrency. It is designed for both professional and novice traders to come and learn about the growing crypto industry. Trade with ease, track your performance, and analyze the market. Shrimpy is the trusted platform for trading over $13B in digital assets.

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Thanks for stopping by!

The Shrimpy Team