Which Is The Best AI Trading Bot?| Top 7 AI Trading Bots For 2024

In this era of the digital world, AI trading bots have become very popular due to their easy and efficient use. Completely free from human emotions, these crypto trading bots allow the users to take full advantage of the market opportunities and help them increase their gains.

Let’s have a look at some of the best AI trading bots of 2024 to make your crypto journey somewhat easier!

List Of Best AI Crypto Trading Bots 

3Commas

A very famous AI crypto trading bot, 3Commas  provides amazing tools to help you with the trading process.  With its user-friendly interface, one of the best features of this AI trading bot is its diverse selection of trading bots like GRID, DCA, and Signal Bots that allow users to take benefit of market opportunities while minimizing the risk associated with it. 

Not only this, the trailing stop tool of this AI trading bot allows user to keep their positions open as long as the prices are increasing and closes it automatically, when the prices get reversed.

PROS & CONS

• While this AI trading bot is very easy to use, it may face lags in the mobile impact impacting the real-time trading opportunities. 
• The onboarding process for this trading bot for cryptocurrency is very lengthy and hence, very time-consuming. 
• However, it has a very developed marketplace that provides users access to various opportunities, enhancing their trading experience. 

Defiquant

One of the best AI-powered crypto trading bots, Defiquant is the best option for beginners and seasonal traders. This AI crypto trading bot does not require the use of API connections.

With a focus on user security, Defiquant provides new registrants with credit and offers a variety of trading strategies in addition to an affiliate program. Designed to maximize trade activity efficiently on different crypto exchanges, it is one of the best AI bots for trading.

PROS & CONS

• Those having a limited budget might not be able to make the best use of this AI crypto trading bot. 
• A streamlined trading process free from the influence of human emotions ensures consistent trading. Along with this, Defiquant pays special attention to the protection of user funds.
• Even though there are many additional learning opportunities, the lack of customization options acts as a drawback for this AI trading bot.

SMARD

A beginner-friendly trading bot for cryptocurrency, SMARD  ensures a minimum of 5% monthly average returns. The effective security measures and user-friendly interface make it one of the best AI bots for trading. 

One of our favorite features of SMARD is its facility of “Following and Copying Experts”. Yes, this bot allows the users to follow and copy the path of experts on the platform and increase one’s overall profits. The Smart Portfolio feature of this best crypto trading bot allows one to optimize one’s portfolio to maximize results and minimize risks.

PROS & CONS

• The user-friendly platform and ready-to-use strategies allow users to start trading immediately. 
• Service fees on this cryptocurrency trading bot may demotivate users looking for a free-to-use model.

Bitsgap

A trading bot with 24×7 availability, Bitsgap is the best crypto trading bot for beginners. Its automatic trading facility not only gives access to easy real-time trading opportunities but also its advanced MarketMakingBot provides liquidity and earns from spreads. 

The algorithm intelligence of this trading bot for cryptocurrency helps to analyze market trends to help users make informed decisions and implement strategies effectively. 

PROS & CONS

• Even though it ensures a streamlined trading process, the fees are comparatively higher thus, affecting the traders that don’t have enough budget food the same.
• Easy portfolio management, effective and productive strategies, risk control tools, and flexibility act as a cheery on the top, making it the best crypto trading bot for beginners. 

Bitget

The next best AI stock trading bots 2024 in line is Bitget which is one of the best bots for experienced quant traders, allowing them to connect their trading algorithms with APIs-specific data feeds. The 24/7 trading facility and single terminal for all the portfolios help trade effectively at any time of the day. 

Bitget’s easy-to-understand user interface (UI) enables traders to program bots to respond to a range of indicators like price fluctuations like that of Bitcoin Price after Halving, volume measures, RSI, and more.

 Pre-set bots are available on the platform for common trade automation methods such as Spot Grid, DCA, and TWAP. This allows for quick live deployment and basic customization.

PROS & CONS

• With Bitget, you get access to over 600 cryptocurrencies that you can trade-in. However, the only drawback with this feature is that it is available only in limited countries. 
• Copy trading features allow users to follow the path of experts on the platform and maximize their gains. However, some lags in the accounts itself like freezing have been reported. 
• It provides the facility of cryptocurrency staking but the high price associated with these AI trading bots cannot be neglected.

Growlonix

One of the best crypto trading bots, Growlonix has a holistic environment with paper trading options, making it a perfect AI crypto trading bot. Its encrypted API keys help increase its security, thus protecting your funds to the best.

In addition, the platform’s IP whitelist support functions as a virtual doorman to identify unlawful access, and you may enable 2FA for added security. Growlonix is a trustworthy cryptocurrency trading bot that can carry out automated trading techniques. 

Connecting your Growlonix account to your cryptocurrency exchange platform is all you need to do to get started with the platform. It is compatible with nearly all of the main cryptocurrency exchange platforms, so you can easily implement automated trading techniques.  

The advanced features of this bot include demo trading, Dual grid, Telegram signal bots, and much more. 

PROS & CONS

• AI-automated trading bots like Growlonix enhance trading efficiency and provide access to a professional trading terminal but they may not provide foolproof results.

Coinrule 

Established in 2018, this UK-based AI trading bot caters to templates of trading strategies and customized options for users. The strong security measures, auto trading tools, and accessibility for traders with different degrees of experience increase the quality of its crypto trading experience.

Its attraction is further enhanced by its free registration and easy connection with top cryptocurrency exchanges like Binance, Coinbase, and Kraken.

A unique profit-sharing model is another eye-catching feature of this bot. This feature allows users to earn an additional income based on the performance of their trading activities. Further, features like Copy trading and real-time crypto signals help maximize profits in no time.

PROS & CONS

• The user-friendly interface helps beginners to get used to the system very easily however, it does not have a dedicated mobile app which can be a major hurdle for mobile traders. 
• Features like Risk-Free Deme mode, an engaged community, and template strategies are worth it but it still lags behind many good features when compared to the other competitors

Suggested Read: How to set up Ledger Live Cryptocurrency Wallet? 

Other Trading Bots Worth Considering

Here are some other AI trading bots to help you trade better

eToro

The best feature of this etoro is its advanced copy trading that helps the users, especially beginners, to learn from and follow experts’ footsteps, gradually maximizing their profits.

TradeSanta

This bot works non-stop, that is, it never stops trading and constantly monitors the market for better opportunities. 

Zignaly

The profit-sharing model of this AI trading bot helps beginners to collaborate effectively with other experienced traders. 

Pionex

A solution to the high prices of bots, the Pionex trading bot is not only user-friendly in terms of its interface but also in terms of budget by providing free trading bots to both beginners as well as professional traders.

GunBot 

The free software updates, great support, plug-and-play strategies, and user-friendliness make this bot worth considering.

Conclusion

AI trading bots like the ones mentioned above help increase efficiency and earnings. However selecting the best one needs careful thought and investigation, taking features, cost, and security into account. If you want to reduce risks and maximize profits, start small, experiment cautiously, and stay educated. Traders might use bots to their advantage if they work hard in the Bitcoin market

Frequently Asked Questions

Q: Do AI trading bots work?
A: Absolutely! AI trading bots like Coinrule help traders to trade effectively, monitor market opportunities continuously, and maximize their profits in the crypto market. 

Q:  Are AI trading bots legal?
A: Yes, AI trading bots for cryptocurrency are legal for trading in the US and most of the other countries. 

Q: Does Binance have a full VASP license in Dubai?
A: Yes, Binance has recently secured a full VASP license in Dubai after being under scrutiny for at least 2 years. 

Q: What might be the reasons for Crypto crashing?
A: Crypto crashing can happen due to various geopolitical reasons like tensions in the Middle East, events like Bitcoin Halving, and constant market fluctuations. 

Q: Are AI trading bots profitable?
A: Well, while AI trading bots can bring you enormous profits, the uncertainty of crypto markets always exposes them to significant losses too. 

So, what are you waiting for? Start your research, choose what fits you the best, and trade now! 

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Happy Learning Traders! 

Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.