This article explores the 12 best automated crypto trading platforms and their benefits for traders. Many traders use crypto trading bots and other software to automate their crypto trading ventures. Automated crypto traders can be beneficial as they can analyze a much larger pool of data than a human being, thus locating opportunities and executing trades efficiently and quickly. Here you’ll learn about the best crypto trading and investing bots, how to use them, and whether they are profitable. Let’s begin.
Best Automated Crypto Trading Platform: Top 12 Picks
As a result of extensive research, we found platforms that offer some of the most user-friendly and high-quality crypto trading bots on the market. Before we get into the short yet detailed reviews of each one, here’s the list of automated crypto trading platforms that made it to our top 10:- Dash2Trade — Overall best auto trading platform covering bots, indicators, and signals.
- Margex — Popular automated crypto platform with copy trading.
- MEXC — Feature-rich exchange with an excellent copy trading tool.
- Binance Trading Bot — Offers access to 87,000+ independent trading bots.
- Bybit Trading Bot — Great for automatically copying crypto derivatives traders.
- Coinrule — An automated assistance platform with templated strategies for beginners,
- Cryptohopper — Ideal for making custom bots with easy-to-use tools.
- KuCoin — Choose between 15 million bots on a popular exchange with 700+ supported coins.
- Pionex — Offers diversity through 16 free integrated trading bots.
- Gate.io — Popular crypto exchange with advanced trading bot features.
- 3Commas — Auto cryptocurrency trading bot made for pros that works on the biggest exchanges.
- Shrimpy — Full portfolio management platform with a crypto auto trading bot.
Reviewing the Best Crypto Auto Trading Platforms
If the brief descriptions of their key features and benefits are not enough to make a pick, we’ve prepared quick but detailed reviews of each trading bot. Read each one to determine which platform best suits your needs.1. Dash 2 Trade — Overall Best Auto Trading Platform Covering Bots, Indicators, and Signals
Pros
- Wide range of auto crypto trading features
- Support for 400+ coin pairs
- Option to try out the platform for free
- Native D2T token with added benefits
- Backtester feature for trying out strategies
- Access to DCA and Grid trading bots
Cons
- Most features are locked behind a paid plan
2. Margex — Popular Automated Crypto Platform with Copy Trading
Pros
- User-friendly copy trading feature
- High leverage (up to 100x) for futures trading
- Mobile apps for iOS and Android
- Comprehensive charting and analysis tools
Cons
- High leverage can be risky for inexperienced traders
3. MEXC — Feature-Rich Exchange With an Excellent Copy Trading Tool
Pros
- High-quality copy crypto trading feature
- Copy thousands of crypto traders
- No minimum investment requirement
- Lots of spot and futures trading options
- No maker/taker fees
Cons
- No additional auto trading features
- No social community for sharing strategies
4. Binance Trading Bot — Offers Access to 87,000+ Independent Trading Bots
Pros
- Support for numerous crypto trading strategies
- Access to Binance bots and thousands of independent bots
- Very low minimum investments
- Trading within the world’s largest exchange by volume
- Access to 500+ cryptocurrencies
Cons
- Confusing for beginners
- Auto futures trading unavailable in some countries
5. Bybit Trading Bot — Great for Automatically Copying Crypto Derivatives Traders
Pros
- Access to thousands of bots and traders to copy
- Third biggest crypto exchange by volume
- Up to 125x leverage on derivatives
- Excellent mobile trading app
- 1,300+ listed cryptocurrencies
Cons
- Many bots have been active for a few days only
- Could use more filters or sorting options for finding bots
6. Coinrule — An Automated Assistance Platform With Templated Strategies for Beginners
Pros
- Support for 10+ exchanges and 80+ coins
- Option to make custom-built strategies and bots
- Access to 150 preset trading strategies
- Many strategies available for free
Cons
- No mobile app
- Might not be useful to advanced traders
7. Cryptohopper — Ideal for Making Custom Bots With Easy-to-Use Tools
Pros
- Highly intuitive tools for making custom bots
- Over 130 indicators for technical traders
- Marketplace with signals, strategies, templates, and copy bots
- Unlimited copy bots on the free plan
- Support for 17 exchanges
Cons
- Only 20 open positions on the free plan
- $129 monthly subscription for full functionality
8. KuCoin — Choose Between 15 Million Bots on a Popular Exchange With 700+ Supported Coins
Pros
- Access to six free trading bots
- Over 15 million independent bots to copy
- Both low-risk and high-risk bots
- Support for 700+ cryptos
- KuCoin bots can connect to external exchanges
Cons
- High-risk bots can be detrimental to your balance
- Complicated platform for beginners
9. Pionex — Offers Diversity Through 16 Free Integrated Trading Bots
Pros
- 16 free integrated trading bots
- 370+ crypto assets for trade
- Easy setup on all bots
- Detailed guides for all auto traders
Cons
- No free demo account for the bots
- Not enough bot customization options
10. Gate.io — Popular Crypto Exchange with Advanced Trading Bot Features
Pros
- Advanced crypto trading bot features
- Option to create or copy trading bots
- Wide range of cryptos available (1700+)
- High liquidity
Cons
- Can be complex for beginners
- Not available in all countries
11. 3Commas — Auto Cryptocurrency Trading Bot Made for Pros That Works on the Biggest Exchanges
Pros
- Create a fully customized bot based on your strategies
- Support for a wide range of trading strategies
- Compatibility with most of the biggest exchanges
- Full functionality on all paid plans
Cons
- The cheapest plan might be a bit expensive for some
- Possibly too much for beginner traders
12. Shrimpy — Full Portfolio Management Platform With a Crypto Auto Trading Bot
Pros
- Full crypto portfolio management platform
- Advanced automated trading features
- Social/copy trading
- Support for eight leading exchanges
Cons
- Advanced features available only on paid plans
- No mobile app
What Is Automated Crypto Trading?
Automated crypto trading refers to using computer programs, like a free crypto trading bot, to conduct trades. Trading bots use AI and advanced algorithms to identify trends and automatically conduct trades on behalf of the traders. Automated crypto trading enables investors to execute buy and sell orders automatically, which eliminates emotional bias. Automated trading also enables investors to establish specific rules for opening and closing positions. For example, the best crypto trading bot for beginners will manage portfolios, send orders, and monitor trading signals. Automated crypto trading includes four steps: data analysis, signal generation, risk allocation, and execution. Data analysis involves examining information about digital assets. After analysis, trading bots will try to identify market trends based on market data and technical analysis indicators. Risk allocation refers to dividing the risk across multiple investments specified by the trader. Execution directs the process of buying and selling digital assets in response to signals, which will be provided by the pre-activated trading system.How Do Automated Crypto Trading Platforms Work?
Automated crypto trading platforms host crypto trading bots. These bots either trade cryptocurrencies based on the parameters you set, copy another trader’s parameters or identify cryptocurrencies with the most potential and execute trades at the most opportune moments. They research the market on your behalf and analyze large amounts of data, such as trading volumes and price movements of various cryptos, to find potentially lucrative trades. This makes trading bots useful to both beginners and experienced traders. While beginners can rely on them most of the time, they should still research how crypto trading works, limit themselves to high-quality bots and make sure they can afford to lose any money they invest. On the other hand, experienced traders can automate their processes and set their own rules and strategies to make the bots complete the trades they want. These platforms can eliminate the necessity of constantly following and researching the market and allow machine learning algorithms to locate the most opportune trades in real time. The best part is that many of these bots can perform more complex tasks, such as finding good trading opportunities and executing trades in the right moments, or simply stick to menial tasks, like executing precise trades only when the user’s predefined parameters are met.Types of Crypto Automated Trading Platforms
There’s no official categorization for automated crypto trading service providers, but many categorize them based on their features or the type of trading they perform. However, this can quickly get out of hand and offer too many types to count, so we’ve simplified things as much as possible by describing three types most platforms can fit into.Trading Bots
As you’ve likely noticed from our reviews, some automated crypto trading platforms are exchanges with automated trading features, while others offer access to AI-powered bots that can perform more complex tasks. These can:- Automate most of the trading process
- Scan markets 24/7
- Offer customization options for advanced traders
- Buy or sell automatically based on the trader’s instructions or by relying on their own data
- Estimate potential market risks
- Connect to top trading platforms and execute trades instead of you
Copy Trading
Copy trading platforms, like the one MEXC offers, are automated trading tools that copy the trades of other, more experienced investors. In other words, they mirror their actions without you having to do anything. This is also called social trading. This type of automated crypto trading is ideal for beginners, as the only thing you’re typically required to do is pick a trader or more to mimic, and the platform will do the rest. It will monitor their actions and perform the same trades.Signals
The best automated crypto trading platforms offer signals suitable for advanced traders who don’t want to rely entirely on robots to decide what to trade on. This is the case with platforms like Dash 2 Trade, our number one pick. Signals are automated tips that tell you which positions you should take in crypto investing. In almost all cases, you must pay for this service, usually a monthly subscription fee. The signals are usually complete orders, so you only need to decide whether or not to use them. When you use them, all you have to do is confirm, and the system will place the order.Automated Portfolio Managers
Automated portfolio managers go a step further than standard trading bots by striving to maintain a specific crypto portfolio percentage allocation. In other words, they trade cryptos based on price increases and decreases, attempting to maintain a specific percentage share for each cryptocurrency. This makes them more suitable for investors and long-time-frame traders while trading bots are more efficient for quick trades. One of the best examples of this type of automated crypto trading platform is Shrimpy, our 10th pick. Services like it are mostly suited for crypto investors with strict portfolio rules, not casual crypto traders.How to Pick the Right Auto Crypto Trading Platform for You
If you’re unsure which automated crypto trading app to choose, here are a few criteria to consider.Type of Automatic Trading Options Offered
Auto trade platforms tend to offer different types of trading options. Take a look at the most common choices, consider what you need, and base your decision on that:- Copy trading — Platforms like MEXC specialize in copy trading, offering ample opportunities to copy successful traders.
- Auto crypto trader bots — These pre-programmed auto trade algorithms buy and sell coins based on specific parameters and are offered by many platforms, including Dash 2 Trade, Pionex, KuCoin, Bybit, and Binance.
- Custom auto trade bots — Many platforms let you fully customize algorithms, which is ideal for advanced traders who know what they are looking for. This option is available on most platforms that offer auto trade bots, including Dash 2 Trade, Coinrule, Cryptohopper, and others.
- Signals — We’ve already explained how beneficial signals can be for advanced traders who want the most control over automatic trading. You’ll find signals on platforms like Dash 2 Trade, Cryptohopper, and 3Commas.
- Auto portfolio managers — Services like Shrimpy trade cryptocurrencies based on external signals while maintaining a predetermined portfolio allocation. This makes them best suited for investors who want to diversify their portfolio by allocating a certain percentage to each specific cryptocurrency.
Pricing and Fees
Pricing is crucial for traders, but it varies across auto crypto trading platforms. Some use subscription models, while others have profit-sharing fees, often between 10% and 30%. For example, Bybit’s profit-sharing fee is around 10%, applied only to profitable trades. Subscription-based platforms often have a limited free plan and paid plans, with lower fees for annual payments. Dash2Trade offers one of the cheapest subscriptions at $18 per month, while Coinrule and Cryptohopper start at $30 and $29, respectively. Some platforms, like Pionex, offer free bots and instead profit from trading fees.Available Cryptocurrencies for Trade
Some auto-trade platforms, especially those that are also exchanges, let you auto trade a large number of cryptos, often several hundred or even over a thousand, like Bybit. However, other, more specialized automatic trading platforms and bots are more limited in scope. Most will cover the leading coins, but if you want to trade low-cap tokens, you’ll have to check which cryptos are supported. There are also different types of crypto trading: traditional spot trading and derivatives like futures, swaps, and options.Minimum Investment Amounts
There’s a minimum investment amount on almost every platform. However, the top options have very low requirements that might as well be zero, while some, like MEXC, don’t have any.Backtesting Availability
You should consider focusing only on crypto auto trading platforms that let you test strategies based on historical data. This makes the service more transparent, as it will help you see how its auto-trading functions would have worked in actual market conditions.Risk Management Tools
Every platform should have risk management tools because auto trading can be highly risky. There should be an option to set stop-loss limits, preferably highly customizable ones. Other tools, like position sizing, are also good to have.Are Crypto Auto Trading Bots Safe?
Yes, crypto trading bots are legitimate tools traders use to automate their strategies. There are bad apples, just like in every industry, and you should be wary of those that promise unrealistic returns and assured profits or are not forthcoming with how they operate. Instead, stick to one of our recommended platforms, which our experts have thoroughly vetted and reviewed.Is Automated Crypto Trading Really Profitable?
There is no such thing as guaranteed profit, and the same goes for auto crypto trading platforms. However, that doesn’t mean some services aren’t better than others. Choosing a trusted platform is crucial because you’ll be required to leave your money and crypto assets in their hands. Moreover, you must constantly evaluate the risks and determine how much you’re willing to invest. Know that all of your investments can fall through, no matter how low the potential for that is, which is why it’s best to invest only funds you can afford to lose. If your risk tolerance is very low, it’s always better to go for platforms that don’t fully automate trading, like auto trader tools that offer signals, where the service only makes suggestions, and you decide whether or not to follow through.How to Auto Trade Cryptocurrency
If you’re ready to start auto-trading crypto, you should know that the process is not as complicated as it may sound. It’s even more straightforward once you break it down into steps. Here’s how that works for our top pick, Dash 2 Trade:- Visit the official Dash 2 Trade website using our link.
- Click the Sign Up button to start the registration process.
- Provide your email and desired password, and complete the registration.
- Input the code provided by email.
- Connect your crypto wallet (MetaMask is supported).
- Pick an exchange.
- Choose the crypto pair you wish to trade.
- Define your exposure by setting your risk and trading amount.
- Choose the bot that works best for you and set it up.