The cryptocurrency market is one of the newest financial markets and is also one of the most unpredictable and volatile. Most importantly, it is different from the rest because it operates round the clock; 24/7/365. This means that you have to diligently check the markets on a daily, or even hourly, basis in order to ensure you don’t miss out on anything. This does give you an adrenaline rush, but is this really the way to trade efficiently? If your aim is to achieve efficiency, then you should give cryptocurrency trading software a shot.
Also referred to as crypto trading bots, crypto trading software are essentially computer programs that are designed to generate buy and sell orders for exchanges and brokers based on the rules of a pre-determined trading strategy. For instance, a simple crypto bot may be programmed to sell BTC when the price of the crypto reaches a certain threshold. This means that crypto trading software can be used for trading based on trends and data, rather than emotional impulse. This can ultimately minimize your risks, grow your profits and limit your losses as well. Moreover, this allows you to earn an income 24 hours a day because you make money from automated trades.
But, which cryptocurrency trading software should you use? There are a number of options at your disposal and you obviously want the best. Here are some of the top ones you can consider:
- Cryptohopper
This crypto trading software works with more than a 100 tokens on 13 exchanges and its packages that range between $0 and $99 per month can offer something to everyone. If you are a beginner, you can take advantage of the educational resources it offers, along with signals and templates. Experts will be able to use it for designing and backtesting their own strategies. It has a user-friendly interface and a deep toolbox that makes it a good all-around option.
- 3Commas
This particular software offers you sophisticated trading options in a surprising affordable and user-friendly package, which makes it an excellent choice for independent traders who want to adopt more complex strategies. For instance, options trading may be a bit tricky, but 3Commas boasts a highly-visual and simple user interface that can help traders in programming automated strategies. Furthermore, you will find that the software also offers valuable analytics, insights and guides for crypto traders.
- Bitcoin Profit
One of the top auto trading software you will come across is Bitcoin Profit that offers a 99.7% return to its clients. It uses an advanced algorithm and is very easy to navigate, making it an appealing choice for beginners and expert crypto traders alike. It comes with a demo trading feature that can be used for testing the software and its capabilities and it offers support for a variety of cryptocurrencies. It offers fast payouts and only needs a minimum deposit of $250.
- CryptoHero
With a simple user-interface and very affordable pricing, CryptoHero is a good choice for those who are new to the world of crypto trading. This software is also optimized for AI and this makes it a perk. It offers support for multiple exchanges and you can use the free version or pay $29.99 per month. It supports popular cryptocurrencies and you don’t have to have any coding skills to use this software. It also allows you to keep track of your crypto trading performance individually.
- Coinrule
If you have been concerned about going up against big hedge funds and algorithmic traders, you don’t have to worry when you decide to use Coinrule. This crypto trading software allows you to set custom automated trades and you will not get caught in a dip or miss a rally. Coinrule is focused on effective market indicators for allocating your funds in a smart manner and it puts you in control. This software is beginner friendly and is also quite safe.
