Even within minutes, cryptocurrency prices can fluctuate drastically, making them extremely volatile. In addition, cryptocurrency traders can trade at anytime and anywhere in the world. There are several ways in which these factors contribute to the inefficiency of human cryptocurrency trading.
In many cases, investors cannot react quickly enough to price changes in order to make the optimal trades. Exchanges and transaction times that are slow further exacerbate this issue. The second problem is that investors can’t devote as much time as necessary to cryptocurrency markets. Global monitoring of cryptocurrency exchanges would be necessary to accomplish this.
The good news is that these issues can be solved for many investors. Among the primary solutions is automation, or bots, which execute transactions on behalf of human investors. There are both reasons to use bots and reasons to eliminate them entirely in the market.
GTAI Trading Bot – Best Overall Bot
Galaxy Trading Artificial Intelligence (GTAI) is a world-class AI trading and arbitrage system designed to help crypto traders maximize trading profits while minimizing risk and loss. Galaxy Trading Analytics (GTA), the leading regulated fintech company founded in 2022 by a team of AI and deep learning experts who developed the bot.
They have built a clear and transparent system that conducts trades according to the set parameters and have connected investment tools and financial protection algorithms to it. There are currently 4 proprietary trading and arbitrage strategies implemented, with more trading strategies being developed and added to GTAI as more rigorous testing is conducted. Traders can choose between two packages, A or B, in their easy-to-use app, where in package A, traders just have to set the limits of the AI bot and let the bot do its job, while traders control 100% of their funds on their crypto Exchange accounts. GTA claims that traders’ estimated monthly profits could range from 2% to 8% depending on crypto market conditions.
Traders can also opt for Package B, where traders get access to a dedicated team that monitors their trading on their behalf and deploys the right strategies according to market movement. There will also be 24/7 active risk management. Package B also grants access to higher leverage using liquidity pools, which means higher and more consistent profits through a more powerful AI bot ranging from 3% to 36% monthly profits. Both options can be selected at the same time, they are suitable for beginner, intermediate or experienced traders and participation starts from as little as $100.
If you’re looking for one of the best Bitcoin arbitrage bots in industry, then you really need to focus on Quadency. This crypto arbitrage bot can help you simplify your digital asset experience, and they say that they have everything that you need under one roof to be able to invest in your cryptocurrency, no matter what level of trader you are.
They also say that it is going to be really easy for you to invest your coins with just a couple of clicks of your mouse, or you can even connect to their advanced tools, like automatic trades, and bots. You can get started and signed up with these guys through a free account, and if you want to be able to explore your investments beyond Bitcoin and Ethereum, you can explore more than 1500 cryptocurrency assets on their platform.
They’re constantly updating and improving their features because they know how important this is to the overall integrity of their website and they give their clients unlimited access to portfolio analytics so that you can be making well-informed trades.
Coinrule is crypto arbitrage software that is known to work with the top 10 most popular cryptocurrency exchanges and offers military-grade encryption and security. According to its users, it is an intuitive, yet simple system to set up and use.
When using this crypto arbitrage bot, you won’t need to know how to code. You can build your strategy without any coding experience. You can partake in arbitrage trading crypto such as Bitcoin, Ethereum etc on Binance, Coinbase Pro, Kraken, Poloniex, BitMEX, and others. This bot is free to use and offers 24/7 trades, market indicators, custom rules settings, real-time customer service, and many other features that make it popular among its existing users.
You may also opt for the paid plans. Coinrule is best known for its largest array of preset trading strategies, including arbitrage. You should know that this company is constantly adding more templates, strategies, and information regarding cryptocurrencies to its website. If you are new to crypto arbitrage trading, you will find the one-on-one trading tutorials and lessons to be a big help.
CryptoHero allows you to automate trades right from your phone easily for free. No coding skills are needed. You can trade popular cryptocurrencies such as Bitcoin, and Ethereum with bots based on technical indicators 24/7. CryptoHero supports multiple exchanges, and allows you to track all your crypto trading performance individually or aggregation across exchanges through one app.
Bots can be configured with technical indicators. Enter trade with one, exit with another, all without writing a single line of code. Besides, CryptoHero offers preset for popular technical indicators and allows multiple rules and triggers to work together. You can also backtest your bots with historical data before deploying. And, get an indicative performance of your trading bot based on actual data with different trading frequencies, against different time periods of up to a year.
In a world otherwise dominated by automation, private investors are still stuck with inflexible and manual investment options. They are usually presented with index-based investment options like ETFs or Robo-Advisors. Despite the fact that they are not inherently bad options, they leave the investor completely dependent on the market. This article summarizes the most efficient and competent trading bots such as GTAI trading bot that provide two-sided and intricate tools for making these strategies available.