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Crypto Trading Bots: Are They Worth It? 🤖

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– TIMESTAMPS –
0:00 Intro
1:37 What are crypto trading bots?
3:33 Pros & cons of bots
6:44 Tradesanta
10:33 Shrimpy
14:08 Gunbot
16:32 Crypto Hopper
18:05 3Commas
20:45 Final thoughts

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📈 Get Your Bot 📈

2️⃣ Crypto Hopper:
3️⃣ Gubot:
4️⃣ Shrimpy:
5️⃣ Tradesanta:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

📝 Overview 📝

Have you day traded crypto or thought about giving it a shot? Well, who can blame you when there are just so many insane opportunities out there.

However, the problem is that crypto markets trade 24/7 and unless you want to live off Red Bull and coffee, the chances are you will miss a ton of these opportunities in your sleep. That’s why 100’s of thousands of traders are using crypto trading bots.

🤖 What Are Trading Bots? 🤖

They are computer programs that trade on your behalf with a given set of instructions. That might be something like buy X amount of Bitcoin at a certain price. Once the price hits that target, then the crypto trading bot will execute that order.

❓Pros & Cons Of Bots❓

Pros:

► Trade 24/7 which stops you from missing opportunities.
► Takes the emotions out of trading.
► Backtest your strategy.
► Simplifies trading.

Cons:

► They are not a magic money machine.
► They need to be constantly monitored.
► There are a lot of scams.
► You need to keep funds on an exchange.

5️⃣ Tradesanta 5️⃣

This bot has a solid reputation amongst crypto traders and offers easy to use long and short bot templates.

This bot also allows you to monitor your bot’s progress with things like Telegram notifications. Oh yes, this bot also offers a mobile app to and supports exchanges like Binance, Bitfinex, and OKEx.

Tradesanta also offers a very cool five day free trial and paid-for pricing starts at just $14 per month and goes all the way up to $70.

Pros:

► Intuitive interface and reliable security measures.
► Suited to beginners.
► Active trading community.

Cons:

► Lacks support for some high liquidity exchanges like Kraken.
► This bot is not suitable for arbitrage.

4️⃣ Shrimpy 4️⃣

Is a social portfolio management tool and crypto trading platform. It’s got a ton of popularity amongst the trading community.

This tool is not designed for signals or indicators and is not a tool for day traders. Instead, it is a longer-term portfolio management tool which automates things like portfolio rebalancing, dollar-cost averaging and stop losses.

Shrimply’s social portfolio management allows you to automatically mimic the trades of the best traders on the platform.

This bot supports numerous exchanges and that includes the likes of Kucoin, Coinbase Pro and Kraken.

In terms of pricing, the free plan offers an extensive range of tools and more features can be unlocked for just $13 per month.

Pros:

► Huge range of features offered for free.
► Paid-for subscription is reasonable.
► Offers social trading.

Cons:

► It’s not open sourced.
► Does not provide functionality for day traders.

3️⃣ Gunbot 3️⃣

This bot comes with numerous inbuilt trading strategies and allows you to create custom strategies to. It also supports a ton of widely used exchanges. The pricing structure is a one off fee and starts at around $200.

Pros:

► Offers access to a load of trading strategies.
► Supports a wide range of exchanges.
► Beginner friendly.

Cons:

► Relatively expensive.

2️⃣ Crypto Hopper 2️⃣

This bot provides expert trading tools without the need to know coding. So, if you are into advanced trading stuff like market-making and exchange arbitrage, then this is a bot to look at.

The CryptoHopper marketplace also boasts a plethora of trading templates, strategies and signals to choose from. A large number of exchanges are also supported.

In terms of pricing, you are looking at between $16 and $83 per month.

Pros:

► Easy to set up.
► Good pricing.
► Amazing marketplace.

Cons:

► Anonymous team.

🏆 3Commas 🏆

Watch the video to find why I think 3Commas is the king of crypto trading bots.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Bitcoin #crypto #trading #bots #3commas #cryptohopper

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36 COMMENTS

  1. 🚨NB🚨: There have been numerous reports of users having their 3Commas API key leaked. I suggest you avoid them for the time being and opt for one of the other bots covered. When it comes to bots, there are a lot of dodgy options out there. Simple rule of thumb: If it promises returns or requires you to send it funds – run for the hills 🏃
    Don't forget to check out my deals page: https://guy.coinbureau.com/deals/

  2. i do alot of day trading on Kucoin, doing shorts and longs 3s/3l while using stop loss, i think 3comma's trailing stop loss maybe it…. i usually look at the trends etc before i enter trade for the day. QUESTION: Bots, if i am asleep and want to setup the bots through out the night or day, do i manually say go Buy & Sell at a certain condition for a certain coin?
    WILL the bot go in and buy and sell when i'm not attending the computer when i leave the Bot ON?

  3. Reach out to 👆👆👆 and thank me later. Long term investor's know that the market and economy will recover eventually and investors should be positioned for such a rebound. I gained $270k from stocks I invested way back before the market crash and now am buying again. I am going to sit back and observe how things play out, adding more at a time. Having a good mentor or financial advisor will add to your success in the stock/crypto market.

  4. i can't really imagine how life is gonna be for me and my family if not for the recommendations of the best and relatable hacker who helped me recovered my family investment (btc)worth $20,000 I'm very excited and happy and me and my family will for ever be grateful to the above name

  5. i can't really imagine how life is gonna be for me and my family if not for the recommendations of the best and relatable hacker who helped me recovered my family investment (btc)worth $20,000 I'm very excited and happy and me and my family will for ever be grateful to the above name

  6. I've tried many bots, none of them work let's be honest…worst offender was 'Haas'…Helios was decent, it makes a consistent amount but refuses to use stop loss, and no leverage, so you sometimes get stuck 2-3 weeks with no profits

  7. I am new to bit coin and been looking into trading mostly because I am sick of seeing my money in the bank keep on losing its value. I read about Bitcoin Prime but seen a lot of conflicting reborts on them. Some praise them and some see them as the Devil him self. Is there anyone that ever dealt with them and can talk their own experiences with Bitcoin Prime?

  8. 👆🏻👆🏻👆🏻👆🏻👆🏻
    SUCCESS IS DEPENDANT ON THE ACTION OR STEPS YOU TAKE TO ACHIEVE IT. SHOW ME A MAN WITHOUT INVESTMENT AND I WILL TELL YOU HOW FAST HE'LL GO BROKE. HIS TRADING SIGNALS, MENTORSHIP AND GUIDANCE HAS BEEN HELPFUL

  9. 👆🏻👆🏻👆🏻👆🏻👆🏻
    SUCCESS IS DEPENDANT ON THE ACTION OR STEPS YOU TAKE TO ACHIEVE IT. SHOW ME A MAN WITHOUT INVESTMENT AND I WILL TELL YOU HOW FAST HE'LL GO BROKE. HIS TRADING SIGNALS, MENTORSHIP AND GUIDANCE HAS BEEN HELPFUL

  10. I will forever appreciate this channel, you've helped me and my family a lot, your videos, advice, lessons and funny words are Inspirational and helpful to us. My husband and I have been able to minimal, conscious in spending, saving and investing wisely, I now earn every week. You're such a blessing to this generation, we all love you

  11. When your bot is working on a coin/usd which is pumping, than you think: "Wow, i made a lot of money! Until you realise that you could have made 3 times the money if you just had bought the coin and hodl it for 3 weeks!

  12. I'm surprised you didn't mention Freqtrade. I guess it wasn't a thing back in 2020. This bot eliminates a lot of the drawbacks of rest of the bots, but requires coding knowledge. Free, you're in complete control and you can add all strategies, take profit stop loss and whatever, the exchange doesn't need to support it.

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