Best Automated Crypto Trading Platform of 2024

Automated trading platforms are increasingly becoming popular with crypto investors. These platforms leverage advanced algorithms to trade with precision, speed, and efficiency. Thereby, they eliminate the need for constant manual monitoring.

This guide will help you find the best automated crypto trading platform for your needs. We also discuss the key features of these platforms and how they can enhance your trading results.

Top 10 Best Automated Crypto Trading Platforms: In-Depth Reviews & Comparisons

We’ll now uncover the best automated crypto trading platforms in greater detail. We review these platforms based on their core features, fees, performance, and ease of use. Read on to choose the right provider for you.

1. Algobot – Overall Best Crypto Automated Trading Platform

Algobot is a leading automated crypto trading platform. It was developed based on three years of backtesting, which led to a win rate of 81%. This trading tool has a ‘plug-and-play’ structure. Meaning, you can activate the bot and get trading right away. If needed, you can also adjust the risk level. Algobot can cater to conservative, balanced, and aggressive trading styles.

Furthermore, traders can develop strategies and test them using Algobot’s backtesting tool. If you’re using Algobot’s semi-automated mode, you can also deploy signals. These signals will be delivered via Algobot’s Telegram channel. Manual trading is also supported here. Importantly, Algobot connects to all prominent crypto exchanges and trading platforms. This includes MT4 and MT5.

Algobot also works in demo mode, ensuring the bot fits your trading goals. Another benefit is that Algobot also works for other asset classes. This includes stocks, commodities, forex, and indices. In terms of fees, premium plans cost $59.99 a month. To access all features, opt for the Ultimate plan at $109.99 a month. All plans come with premium support and discounts for annual purchases.

2. Coinrule – Set Up Rules to Trade Crypto Automatically

Coinrule is a great platform to automate crypto trades based on simple ‘if-then’ rules. Its intuitive interface lets you set up rules in just minutes. You can specify conditions based on indicators and tell the platform to buy or sell a crypto. For instance, you can instruct Coinrule to buy Bitcoin if its 20-day moving average goes above $60,000.

There are hundreds of built-in rules that will help you get started without prior experience. You can also customize the automation tools with technical indicators and preset strategies. Moreover, the rules can also be tested in demo mode. Whether you’re a scalper, swing trader, or someone who wants to invest periodically, Coinrule has you covered.

Crucially, there is no need for coding. Coinrule works with all top exchanges, including Binance, Coinbase, Kucoin, and Kraken. Pricing starts at $29.99 a month. Advanced features are available on the $59.99 or $449.99 a month plans. Free accounts are also available, but these offer limited access to exchanges and rules.

3. Shrimpy – Specify Allocations for Crypto Portfolio Management

Shrimpy is the best automated crypto trading platform for portfolio management. It integrates automation into crypto investing with a set of robust tools. Shrimpy lets you create custom fund allocations for different crypto coins and set up weighting methods. Users can also allocate minimum and maximum funds to invest and rebalance their portfolios periodically.

Shrimpy also has several premade crypto baskets to choose from. These were created after years of analysis of the crypto market. You can also copy the portfolios created by top funds or build a custom crypto index. Additionally, you can also backtest these automated portfolio management strategies. And importantly, you can connect multiple accounts to Shrimpy.

Each of these accounts will be treated separately. In other words, you can use different automated strategies for multiple portfolios. There are also other customization options, such as slippage control and portfolio stop-loss. Shrimpy is also affordable. Aside from the free account, paid plans are available at $19 or $49 a month.

4. Pionex – Integrated Automated Platform for Spot and Futures Trading  

Next up we have Pionex, a popular crypto trading platform. It also offers automated trading tools, ensuring a passive experience. Pionex lists 16 prebuilt trading bots covering various strategies. This includes bespoke DCA investing, dual investment, Grid, TWAP, and many other trading styles.

Moreover, Pionex’s automated tools can be integrated directly with its trading platform. This means there isn’t a need to utilize APIs or any other configuration. Simply choose your preferred strategy, and you’re good to go. No coding skills are necessary either, which makes the platform very user-friendly.

Pionex supports over 300 crypto pairs, including up-and-coming meme coins. Best of all, there are no subscriptions when using automated trading tools. With a commission of only 0.05%, Pionex is an affordable choice. In addition to automated trading, Pionex can also be used to buy/sell crypto using fiat currencies.

5. TradeSanta – Automatically Place Extra Orders to Mitigate Risks 

TradeSanta is a powerful all-in-one crypto trading platform. It has full-featured web and mobile applications. Both come with an intuitive dashboard and an array of automation tools. For instance, it offers comprehensive solutions for both spot and futures trading. You can automate crypto trades using bots such as DCA and Grid.

Furthermore, the positions can be customized using trailing stop-loss and take-profit orders. TradeSanta’s unique ‘Extra Orders’ tool adds more positions when a trade goes against the trend. This averages the entry price and recalculates the take-profit level, making it easier to stay profitable.

TradingView signals are also accessible and can be used to place orders. And if you don’t want to use bots, copy strategies from other TradeSanta users. This lets you choose traders based on profitability, risk level, and other parameters. TradeSanta’s automation tools can be used on all leading crypto exchanges. Prices start at $18 a month for the basic package.

6. Bitsgap – Access AI Assistance for Tailored Crypto Bot  Recommendations

Bitsgap is a full-fledged crypto trading platform. It has five advanced trading bots; Grid, BTD, DCA Futures, and Combo. Additionally, its smart trading feature lets you manage your positions with take-profit, stop-loss, and trailing orders. In other words, you can customize the preset bots and launch your own rules.

Bitsgap also incorporates TradingView. With this extension, you can access over 100 indicators and 50 smart charting tools. For beginners, the Bitsgap AI assistant can be a helpful tool. It provides users with tailored trading recommendations based on their risk level and available funds. Bitsgap claims that this tool can potentially increase your profits by 20%.

Bitsgap also lets you backtest your bots and try them out in demo mode. The platform comes with a seven-day trial period. There is also a free plan. However, this supports only demo bot trading. Otherwise, you can choose one of the three premium plans offered. This starts at $22 a month.

7. Octobot – Automate Your Personal Strategy Directly From TradingView

Octobot is one of the best trading bots for automating personal strategies. Simply define your strategy on TradingView and connect it to Octobot for automatic execution. You can instruct the platform to place orders based on your existing bankroll, in percentage terms. And that’s it; you’re good to go. Octobot is available as an open-source trading bot that runs on the cloud.

For beginners, Octobot also has preset automated trading bots. The platform has also created crypto baskets based on different themes. For instance, you can automatically invest in the top 20 cryptos, best AI projects, meme coins, GameFi, etc. Alternatively, you can also create custom baskets by allocating weightage to each crypto.

Octobot also has affordable pricing. The free package lets you access several preset bots. However, to customize and access TradingView, you’ll need to pay a subscription. Even the paid packages are reasonably priced, costing $3.99 or $20.99 a month.

8. Binance – Highly Customizable Automated Trading Bots for Diverse Strategies

Binance is a market leader among crypto trading platforms. Its extensive array of tools now includes advanced trading bots. Crucially, there’s something to suit all trading styles and risk profiles. For example, it features Spot and Futures Grid bots for optimizing buy-low-sell-high strategies.

The Binance Auto-Invest bot facilitates automated investments based on predefined strategies. There is also the Rebalancing bot that caters to those focused on maintaining long-term portfolio positions. Additionally, Binance offers specialized bots like the TWAP bot. This bot executes large orders by breaking them into smaller, more favorable positions.

Simply put, Binance’s bots are highly customizable to support various trading methodologies. Crucially, Binance users can access these bots for free. The only costs applicable are the trading commissions, which amount to just 0.10% per slide. These charges can be further reduced by holding BNB, or increasing your monthly volumes.

9. OKX – Access Hundreds of Automated Bots Created by Users

OKX is another leading crypto exchange integrating automated trading tools. It offers five different types of automated bots. You can choose between Grid, DCA, Arbitrage, Slicing, and Signal bots. Under each category, you’ll find dozens of bots created by OKX users. You can copy these bots directly, or customize them before proceeding.

To make things easier, OKX has an intuitive bot marketplace. Here, you can filter automated trading tools based on their seven-day drawdown, runtime, and PnL ratio. It’s also possible to pick bots based on their supported crypto assets.

All that being said, some of the OKX trading bots can be complex for beginners. Like Binance, OKX doesn’t charge its users extra fees to use its automated trading tools. The standard maker and taker commissions are 0.05% and 0.07%, respectively.

10. CryptoHopper – Use AI to Pick the Right Crypto Trading Strategy

Finally, we have CryptoHopper, a widely popular crypto trading platform. CryptoHopper is best known for its robust automation tools. It offers several modes, including semi-automatic, copy trading, and fully automated options. The platform has bots with prebuilt strategies that can run in a plug-and-play mode. Whether you want to engage in DCA, arbitrage trading, or market-making, CryptoHopper has you covered.

For traders who prefer a hands-on approach to decision-making, strategy builders are also available. CryptoHopper comes with backtesting tools that help you fine-tune your strategies. And if you’re unsure of a strategy, try the AI tools. You can feed the AI bot your strategies and indicators, and it will decide the right approach for you.

With the free plan, CryptoHopper only supports manual trading and portfolio management. Automated trading tools can be accessed from $24.16 a month That said, full functionality requires higher-priced plans. The platform also offers a three-day trial period for new customers. This is a risk-free option with no obligation to join.

What is an Automated Crypto Trading Platform?

An automated crypto trading platform is a software solution for traders. It uses predefined rules to execute trades on behalf of the user. These platforms explore market data, locate trading opportunities, and carry out orders automatically. And crucially, without the need for constant manual input.

The primary objective is to optimize trading efficiency and maximize profits through automated decision-making processes. These platforms can also help you manage risk with advanced tools. This includes stop-loss orders, automatic fund allocation, setting risk-reward ratios, and more.

For instance, consider a trader who uses an automated trading platform to trade Litecoin.

• The trader wants to automate a rule, such as buying LTC if its price drops by 2% in a 24-hour period.
• And, to sell LTC if the price of Bitcoin increases by 3% after entering the market.
• The automated crypto trading platform continuously monitors the LTC price and respective market conditions.
• Once the price drops by 2%, the platform triggers a buy order.
• The platform then keeps tracking LTC. And if the LTC price increases by 3%, it executes a sell order, completing the trade.

These days, the best crypto trading bots come with preset strategies. In other words, you don’t have to specify any rules. Instead, the crypto trading bot will automatically look for opportunities. You only need to specify the trade size and your chosen risk level.

The main advantage is that automated platforms can react to market conditions almost instantaneously. This can be challenging for a human trader to do manually. Moreover, automated trading platforms help eliminate emotional biases.

Benefits of Using Automated Crypto Trading Platform

Wondering whether automated crypto trading platforms are right for you? Consider the following advantages when making a decision.

Convenience 

Automated crypto trading platforms save traders significant time and effort. Manual trading demands constant monitoring of the market and analyzing data. What’s more, successful traders must make quick decisions, which can be time-consuming and exhausting.

The best automated crypto trading platform can handle these tasks efficiently. Put otherwise, you no longer need to tie yourself to trading charts. This time efficiency can lead to a better work-life balance, and increase profitability in the long run.

Risk Management 

Automated solutions enable traders to diversify their risk more effectively. For instance, the best automated crypto trading platform can simultaneously monitor and trade multiple crypto pairs. Trades can also be placed across different exchanges at the same time.

This helps spread risk and reduce the impact of adverse price movements on any single pair. Automated platforms can thus help you build a more balanced and resilient portfolio.

Additionally, automated trading platforms can implement advanced risk management techniques. This includes stop-loss orders and trailing stops to protect positions. By automating these processes, traders can ensure that their risk management strategies are consistently applied.

Emotion-Free Trading 

Emotions such as fear and greed can seriously influence trading decisions. These emotional biases often lead to irrational behavior and losses. The best automated crypto trading platform can remove emotional influence from trading activities.

These tools execute trades based on predetermined rules, assuring consistency in decision-making. This disciplined approach can lead to more objective trading outcomes. Furthermore, using automated trading platforms also reduces the likelihood of making impulsive decisions.

Constant Operation 

The crypto markets operate 24/7. While human traders require breaks and sleep, automated platforms maintain a constant market presence. They can seamlessly run without interruption, ensuring no trading opportunities are missed.

This continuous operation allows traders to benefit from market movements anytime, regardless of their availability.

Backtesting and Optimization

Automated trading platforms often come with backtesting capabilities. This feature permits traders to test their techniques against historical data. Some automated platforms also support demo trading. Therefore, traders can run their automated bots in live market conditions without risking any capital.

Additionally, automated platforms facilitate the customization and fine-tuning of strategies in response to changing market conditions. By optimizing strategies, traders can improve their chances of success.

How to Choose the Right Crypto Automated Trading Platform

There are dozens of automated crypto trading platforms in the market. Meaning, choosing the right platform can be tricky. Below, we have outlined the key factors to consider when selecting the best automated crypto trading platform for you.

Type of Automated Crypto Platform 

We’ve discussed two types of platforms in this guide:

• First, we’ve talked about independent trading bots that can be connected to virtually any crypto exchange or brokerage platform. These are linked to exchanges via an API. Moreover, these bots can automate everything from market monitoring to trade execution. Some platforms can automate your independent strategies. However, you’ll likely need to pay a subscription fee in addition to the trading commission.
• Second, there are trading bots provided by crypto exchanges. This includes automated trading platforms like Binance, OKX, and Bybit. As expected, these bots can only run on the respective exchanges – which limits their flexibility. That said, when using these platforms, you often only need to pay the trading commission.

You can choose the best automated crypto trading platform you need based on your unique needs.

Available Automation Tools

After deciding the type of platform, the next step is to select your preferred auto trading tools.

• Fully automated bots – These are pre-programmed algorithms that execute crypto trades based on predefined conditions automatically. These are fully autonomous, so they’re ideal for beginners.
• Customizable bots – Some automated platforms allow you to design and deploy bespoke trading bots. This can be done by importing signals from third-party platforms or customizing order types. With customizable bots, ensure that backtesting is available.
• Copy trading – Automatically replicate trades of successful crypto traders into your portfolio, mirroring their buying and selling actions.

Each of these auto trading tools offer unique advantages and considerations. To make an informed decision, it’s essential to conduct independent research on each tool. We’d suggest taking advantage of trial periods to explore the different tools available.

Strategy Variety

Look for automated crypto trading platforms that offer a diverse range of strategies. This ensures the platform aligns with your specific trading goals and preferred style.

For instance, look for:

• Grid trading for short-term gains
• Arbitrage bots for exploiting price differences across exchanges
• Scalping to capitalize on minute market volatility
• Dollar-cost averaging (DCA) bots for long-term investments
• Crypto baskets for automated diversification

Past Performance 

You should focus on platforms with a solid track record. Research the platform’s past performance by looking at user reviews, testimonials, and trading reports. Many automated crypto trading platforms provide historical data showcasing their effectiveness under various market conditions. However, you should always take these with a grain of salt, as they could be manipulated.

Alternatively, you can conduct backtesting yourself to see how the platform performs. If the platform can be used in demo mode, try that, too. This will help you gain confidence in the platform’s performance in live market conditions.

Additionally, consider whether the platform has been tested over a significant period, which adds credibility to its performance claims. For instance, Algobot has undergone ample backtesting and live training for over three years.

Ease of Use

An automated crypto trading platform should be user-friendly, especially if you’re not a tech-savvy trader. After all, the whole purpose of automated tools is to make trading easier. To begin with, the platform should have an intuitive interface, clear instructions, and responsive customer support.

Consider platforms that offer demo accounts or trial periods. This ensures you can familiarize yourself with their functionality without risking real money. Educational resources, such as how-to guides, tutorials, and webinars, can also help you understand how to use the platform effectively.

Supported Crypto Markets 

Ensure the platform supports the cryptocurrencies and trading pairs you intend to trade. Some automated platforms may specialize in highly liquid pairs, focusing on major cryptocurrencies such as Bitcoin and Ethereum. Others offer a broader range of altcoins and meme tokens, catering to diverse trading preferences.

Similarly, also consider what kind of crypto assets you want to trade. For instance, there are automated platforms that support both spot and derivative trading. This lets you automate trading of crypto futures, CFDs, and options.

Pricing 

For most traders, pricing is a key factor. As discussed, some of the best automated crypto trading platforms charge monthly subscription fees. These charges often come with tiered pricing based on the features and services provided. It’s essential to understand the fee structure and assess whether the platform’s potential returns justify these costs.

Additionally, be wary of hidden fees. For instance, aside from commissions and subscription fees, you might also have to pay deposit and withdrawal charges. Consider the value you get in return when picking the best automated crypto trading platform.

Limitations of Automated Crypto Trading Platforms 

Before choosing the best automated crypto trading platform, you should know its limitations. Read on to know the potential drawbacks of these automation tools.

Complexity of Strategies

Automated crypto platforms provide various trading strategies. However, implementing complex strategies effectively can be challenging. Strategies like arbitrage or sophisticated technical analysis may require continuous optimization and monitoring. This can be hard for beginners.

This is why Algobot is a great choice, as it can be set up in minutes. There is no need for any manual intervention whatsoever, meaning a fully passive experience.

Dependency on Historical Market Conditions

Automated trading relies heavily on market conditions and historical data. Sudden market fluctuations, unexpected news events, or changes in regulatory landscapes can unpredictably impact automated strategies.

Even the best automated crypto trading platform may struggle to adapt quickly to new market realities. Or, they may struggle to account for qualitative factors such as market sentiment. Needless to say, this could potentially lead to losses if not appropriately managed.

Technical Failures 

Automated systems are vulnerable to technical failures, such as connectivity issues, software bugs, or exchange outages. These disruptions can interrupt trading operations. For instance, you could miss a lucrative scaling opportunity. Or worse, your open positions might result in huge losses.

Conclusion

In a nutshell, we’ve uncovered the best automated crypto trading platforms and their core features. These platforms can help optimize your trading activities. They can also help manage risks, which is crucial in the volatile crypto market.

Consider Algobot if you’re still looking for a reliable and transparent provider. Algobot comes in a plug-and-play mode for easy deployment. Algobot also lets you customize the risk level. Additionally, you can automate positions with exclusive Algobot trading signals.

FAQs

What is the best automated crypto trading platform?

Algobot is the best crypto automated trading platform, with a win rate of over 81% and access to a wide range of customization features.

Can automated crypto trading platforms make you money?

Although some automated crypto trading platforms are profitable, there is no guarantee that you’ll make money. Your profitability will vary depending on market conditions and the chosen strategy.

Are automated crypto trading platforms suitable for beginners?

Automated trading platforms are often suitable for beginners. The best automated crypto trading platform can monitor the market and place trades based on your risk profile. This way, traders don’t need to worry about emotional influences in decision-making.

How to choose the best automated crypto trading platform?

You can pick an automated crypto trading platform based on the strategies available and their past performance. Also, evaluate costs relative to potential returns