Automated trading is the spice of life for some of the most experienced and professional traders. This is because bot trading allows professional traders to better monitor their trading strategies and decisions while increasing their trading efficiency and value productivity.
But automated trading is also marketed to newbie traders. Bot trading on this front increases the speed at which the beginner can grasp the ebbs and flows of the trading floor, differentiate between stock investments and crypto investments, and consolidate this knowledge with observable practice. Bot trading also reduces the risks of the beginner losing their investments all in one go, with some platforms offering demo trading options so that the trader can get used to the market before putting money in.
So, although there are a few drawbacks to using bot trading, it is generally advisable for newbies to rely on trading bots before getting their feet wet in the often perilous currents of trading.
Thus, we have compiled a list of trading bots that is useful to both newbie traders and professionals. These are some of the best crypto trading bots of 2022, so you are not missing out on relevance or application.
With its distinctive name, Cryptohopper is one of the best trading bots that can give you value for your money in 2022. It is almost always rated 5/5 by professional traders because of its design points, features, and the ease with which it can get a newbie into higher ranks on account of its very advanced configuration and diagnostic constitution.
The Cryptohopper bot was designed for 4 fundamental reasons: to get you into the tier of top traders; to help you automate your trading; to reduce the amount of time you might have to spend poring over facts and figures and to ensure that you add that omnipresent always-available-for-trading vibe to your trading portfolio and career. Cryptohopper offers more than just automated trading. You can also use the bot to imitate the trading decisions and actions of other traders. Moreover, some of its advanced features, such as DCA, Market-Making, Arbitrage, etc. are available for free even though they can positively and aggressively make you into a professional trader in the shortest time possible.
With Cryptohopper, you get 30 days of unpaid use of the trading bot. After that, you are required to pay $19, $49, or $99 monthly, depending on the level of trading that you need the bot to do for you.
BitQuant is the very definition of innovative when it comes to bot trading. The bot is fitted with AI capabilities so that the driving algorithms monitor your automated trading activities, protect them from high-risk actions, and operationalize your trading to bring about exhilarating margins of profit.
No longer do you have to make extensive and very complex calculations. BitQuant helps with all that, and can efficiently estimate decision points like the best entry point, Stop Loss and Take Profit levels, etc. And it guarantees up to 20 percent profits on your trading, so yes to BitQuant bot trading.
In reality, BitQuant is all about increasing the ease of trading. The convenience that comes with using the trading bot is such that you can make it a point to check on your trading portfolio within an extended period and never worry about big losses. This is because the BitQuant bot has been designed to track quotes, protect assets, and secure your trading account from the faulty decision-making that comes with emotional trading.
With BitQuant, it is not just about having a bot trade in your place or keeping your trading on autopilot mode. BitQuant ensures that you grow to understand the market, especially regarding crypto investment strategies.
Meanwhile, the BitQuant bot has actual traders behind them. These experts monitor the activities of the trading bots, so you have 24/7 support available to you in case of questions or help.
There are free trial sessions for BitQuant, but you get the best out of the bot with deposit amounts of $1,000, $3,000, or $5,000. The pricing for the bot varies with your preferred trading level, but every level offers top-of-the-line trading.
Pionex is almost always in the top 3 trading bots collection recommended by top traders for crypto trading especially. It has been around since 2019, but that has not diminished its popularity or effectiveness. Why? Because there are 16 free trading bots on the platform, and every one of them is fitted with a trading strategy that could become your trading ‘tone’ over time.
Like Cryptohopper, Pionex has also been given a 5/5 rating by expert traders many times. The capabilities of the bots, while being very useful to professional traders, are really more useful for new traders. Using the bots is an exercise in simplicity since Pionex prioritizes ease of use over a complex architecture that might apply to academics but not serious-minded traders. With Pionex, you get low-risk trading. This is so that you can keep taking baby steps until you can take strong strides and dominate the trading floor on your own. And all of this you can do with the trading bots.
Pionex does not charge much, only a trading fee of 0.05%. This means that you get to keep 99.95% of your profitable trading even though all you are likely to have done is watch as the bots trade in your place.
“Trade crypto like a pro. Sit back and let powerful crypto trading bots trade for you.” This is what Botsfolio promises on its website. So far, this appears to be the case. When you use Botsfolio trading bots, you plug into their automated capabilities plus trading strategy optimization.
Botsfolio is structured to deliver a variety of functions to traders, depending on the desired outcomes of trading and trading preferences. Mainly, there are 5 bot categories for the different strategy preferences you might have. These include strategies for value investment; for hedged trading; for futures trading; for index funds and systematic investment plans (SIPs); and for fixed income.
Botsfolio stands out because it first tries to understand your objectives and any preference that might characterize your style of trading. Once you have answered the risk assessment quiz it sends to you to get this info, it helps you set up a profile that uses the trading bots to help you accomplish your objectives. Botsfolio bots are specially engineered to perform within popular exchanges such as Binance and Kucoin. Moreover, the Botsfolio community on Telegram is always active and packed with all kinds of traders that could help you solidify your trading.
Botsfolio does not offer a trial period, so you have to pay between $5 and $20 monthly to use the bots. There is also a 15% performance fee, which goes to demonstrate the guaranteed effectiveness of the Botsfolio trading bots.
3Commas, like the majority of the bots on this list, is all about automated trading with investment strategies tailored for low risks and high returns. But bot trading with 3Commas goes a bit further by letting you design your investment strategies. Of course, this is a feature that professional and experienced traders love to use. Newbies can simply acquire strategies from the platform and use them whenever they want.
3Commas bots have different primary functions but operate within 4 trading contexts: DCA, Grid, Options, and Futures. This offers you scaling abilities such that you can go all out in your trading and build a career using the bots. The performance ratings are all over the internet, which is why 3Commas still has a very strong presence after 5 years of uninterrupted operation.
As 3Commas operates on more than a dozen major crypto exchanges, you can use it as an all-purpose crypto trading platform. If you are hooked on tracking your exchange accounts, you can simply focus your efforts on using 3Commas since it offers an interface that lets you monitor all your exchanges from a single platform. This attempt at interoperability is an asset in itself, so you don’t have to waste time running across the trading board to have a comprehensive view of your trading portfolio.
In terms of pricing, 3Commas requires you to pay to use the trading bots. The costs start from $24.5 monthly for the Advanced Plans, but the Pro Plan (which includes all the bots) costs $49.5 monthly.
Bot trading is good and can help you save time and make a killing with your investments. Someone has said that trading bots with very weird names often promote trading strategies that are radical and often difficult to operationalize for future trading. This is not often the case, but it says something about the misconceptions that often characterize bot trading.
Know this: What the majority of trading bots offer is extensiveness: more exchanges within which you trade cryptos, access to more training materials, tracking and signal integration, and more and more.
You are always welcome to get hot news and interesting facts on Kyrrex Blog!
We are excited to announce the return of PrimePool, in partnership with Huobi! For now, users can lock their HT tokens for any length of time before the event ends to earn a reward of up to 1,208,898 KRRX tokens.
The event will run from 12:00 UTC on January 18, 2022, to 12:00 UTC on January 25, 2022, so make sure to participate before the event ends.
Specifically, you can lock any number of HT tokens from 100 units and receive an additional reward in KRRX tokens for doing so (the reward is calculated according to a formula that you can find on the event page at the link below).
This is a great opportunity for users to experience the upgraded PrimePool and win grand rewards. With simple rules, this event is open to all!
To join the event, all you need to do is visit the link provided and follow a few steps.
Your Kyrrex Team 💚
We are happy to announce that Huobi, one of the biggest and most reputable cryptocurrency exchanges in the world, has listed the KRRX token!
Huobi has already enabled deposits for KRRX holders. You can start making KRRX deposits right now!
KRRX spot trading (KRRX/USDT) will open when the deposit volume meets the requirements for market trading on Huobi. Once the trading volume threshold has been met the commencement date of KRRX/USDT spot trading will be officially announced.
KRRX withdrawals will open at 12:30 (UTC) on January 18
The KRRX token provides a seamless way to interact with services and features on the Kyrrex network. All KRRX holders are entitled to discounted fees, staking benefits, and other special advantages.
KRRX is connected to many inner projects as well as linked to numerous initiatives, including significant partnerships in the sports industry. Currently, Kyrrex intends to expand agreements with MotoGP rider Jorge Martin, Moto2 young talent Pedro Acosta, and paddle athlete Martin Di Nenno.
Moreover, will launch Kyrrex Sport soon. A marketplace for potential athletes' image rights that are represented by fungible tokens (not NFTs) as well as an NFT marketplace for their personal collections.
This listing is a major milestone for Kyrrex as the company aims to make the KRRX token more accessible to users around the world. We are confident that Huobi's high liquidity and solid reputation would be extremely beneficial to our users.
To further improve the Kyrrex ecosystem, we will continue to reinforce existing collaborations and explore new strategic partnerships with industry stakeholders.
Your Kyrrex 💚
The tournament offers a massive prize pool of 50,000 KRRX and guaranteed payouts for 500 winners, providing all participants with the opportunity to come out on top.
The tournament will run from January 17th to February 1st, giving participants ample time to demonstrate their trading strategies and compete for the top prizes.
Don't miss out on this exciting opportunity to win big and register for the tournament today!
1️⃣ Register on the Lot.Trade;
2️⃣ Create a new account on huobi.com;
3️⃣ Create an API key on the Huobi exchange and connect it to your Lot.Trade Personal Account;
4️⃣ Achieve a trading volume of at least 150 KRRX within 24 hours after registration;
5️⃣ Actively trade KRRX from the created profile on Huobi throughout the tournament, until its completion on 01.02.2023;
6️⃣ Wait for the results and get the desired prize
The first 1500 users who successfully complete the registration and trading conditions within 2 days after the tournament begins, will receive a bonus of $10. This is a limited offer, so don't miss out on this bonus opportunity.
So, are you ready to join the Kyrrex and Huobi crypto communities and compete for a prize pool of 50,000 KRRX and guaranteed payouts for 500 winners? Then fulfill the registration and trading conditions now and join our exciting crypto tournament.
Your Kyrrex 💚