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Crypto Trading Bots: Review of Cryptohopper, 3Commas, Cryptotrader
SUMMARY
July 16  |  6 min read

Crypto Trading Bots: an Overview

The Lumi Wallet Team

The cryptocurrency market isn’t the stock market — it works 24/7, and no human can keep up with the thousands of altcoins and events happening non-stop. That’s why a crypto bot might be a necessity in your toolbox when it comes to managing complex portfolios. There are a lot of them and, while at first sight they might look the same, the devil is in the details.

Take a lifetime subscription or a flexible monthly plan? Open-source, community-driven project or an established brand? A wide variety of exchanges or good optimization for a few? Worry no more! We at Lumi Wallet have reviewed the most popular trading bots and have completed a short summary for you, so you can choose the bot that’s right for you, install and set up your new cryptocurrency bot and sleep soundly.

3Commas is quite a popular bot on the market. The bot is a Russian-made cloud solution that is accessible through a website, so it can run 24/7 without using your hardware. The platform provides enough tools to create and test crypto portfolios. Users can customize their own trading strategies and engage in social trading, copying the actions of successful traders. It has both an English and a Russian version.

It supports Bittrex, Bitfinex, Binance, Bitstamp, KuCoin, Poloniex, HitBTC, Cex, GDAX (Coinbase Pro), OKEx, Huobi, and Yobit.

Price: a free 7-day trial; from $22 for a Starter pack to $75 for a Pro pack a month

Cryptohopper is another cloud-based trading bot that is a good choice for beginners: it has an integrated external trading signaller, which means that the bot can be used on autopilot, without any adjustments from the user’s side. For more sophisticated users, it provides technical analysis, templates, and backtesting options to set up bots the way he or she likes. A crypto trading strategy can be built on 130+ indicators & candlestick patterns in Cryptohopper’s trading strategy designer.

It supports Huobi, Binance, Poloniex, Bittrex, Coinbase Pro, Kraken, Bitfinex, KuCoin, Cryptopia.

Price: a free 7-day trial; from $19 for a Starter pack to $99 for a Pro pack a month

Cryptotrader is a cloud-based platform with an original spin on managing strategies: it features a marketplace for them which allows users to develop and trade their strategies. However, for users that trust in their own powers or aren’t interested in participating in this “marketplace of ideas”, there are basic crypto bots, both free and paid.

It supports Binance, Kraken, Coinbase Pro, Bittrex, Bitfinex, Poloniex, Huobi, Bitstamp, OKCoin.

Price: from 0.0016 Bitcoin for a Basic+ plan to 0.0188 Bitcoin for a Premium plan a month

Haasbot is one of the oldest crypto trading bots, created in 2014. It was made by Haasonline to analyze market conditions and then later redeveloped for fully autonomous trading. You can customize its strategy, but the pre-configured strategy is decent enough. This bot, however, is not very easy for new users to get a handle on and it requires some skill to set it up and use it. In its long life, Haasbot has been adopted by almost every exchange out there.

It supports Binance, Bitfinex, BitMEX, Bitstamp, Bittrex, CCEX, CEX.io, Cobinhood, Coinbase Pro, Deribit, Gemini, HitBTC, Huobi, ionomy, Kraken, KuCoin, Nova, OKCoin, OKEX, OKEX Futures, Poloniex.

Price: a 2-week discounted trial license; from 0.066 Bitcoin for a Beginner plan to 0.187 Bitcoin for an Advanced plan a year

GunBot is a trading software that has all the usual features of trading bots, and it can run on your computer or a VPS purchased separately. It also has a unique price policy: you pay for the package once and can use the product for a lifetime. It is highly praised by its users for its attentive support.

It works with Bitmex, Poloniex, Bittrex, Binance, Coinbase Pro, Cex.io, Kraken, Bitfinex, Kucoin, Cryptopia, Huobi.

Price: from 0.05 Bitcoin for a Standard pack to 0.125 for an Ultimate pack for lifetime usage

Margin is a trading bot that was tailored to cryptocurrency trading. It has a user-friendly interface, two basic trading strategies from the beginning and highly customizable settings. Visually it is exceptional, especially its “Visual Trading” feature. It adopted the same strategy as GunBot and now has a flexible one-time payment instead of a monthly subscription.

It supports Bitfinex, Bittrex, Poloniex, Kraken, Huobi.

Price: from $129 for a Starter pack to $2,999 for a Professional pack for a lifetime license

Gekko is an open-source bitcoin trading bot that has one major difference from other bots: it’s free. Like most open-source projects, it shows nice productivity and is bug-free, but openness has its drawbacks: the user interface isn’t ideal for the average user, it has to run on user machines and the number of supported exchanges is scarce. But still, a good option to get an idea of how cryptocurrency trading bots work.

It supports Bitfinex, Poloniex, and BitStamp.

Price: Free.

Autonio is the first decentralized bot out there and, as expected, is praised by crypto-enthusiasts for being so. It is not backed by one company but is marketed by several thousands of enthusiasts. It has an inside market for bot configurations, so users constantly share, trade, and improve the algorithms for this bot.

It supports Bitfinex, Binance, BitStamp, Bittrex, ETHfinex, Kraken, BitShares, CryptoBridge, GDEX, EasyDex.

Price: 3000 NIO, equivalent of $41 at press time

Trade Santa is a cloud-based crypto trading bot that allows users to create an unlimited number of bots and pairs, which is helpful for those seasoned generals who command whole armies of software traders. With this bot, you can trade long and short. It has around 8,000 users active a day and more importantly - there’s a free trial period of two weeks, which seems like enough time to see first profits and get acquainted with the pleasant interface. Also, they have a lively blog and social media, as well as attentive support feedback.

It works with Binance, Bitrex, Bitfinex, and HitBTC. Bitmex, Huobi, and OKEX according to the roadmap are coming soon.

Price: a 14-day free trial, from $15 for a Basic pack to $100 for a Maximum pack a month

Thanks for reading,
The Lumi Wallet Team