Compare Bitcoin trading bots!
Are you looking for a Bitcoin trading bot?
Read real user reviews and compare the best Bitcoin trading bots by pricing, features, supported exchanges and more. Use our overview and filters below to quickly find the Bitcoin bot that suits you best.
What is a Bitcoin trading bot?
A bitcoin trading bot is a tool to trade 24/7 in Bitcoin (BTC). Bitcoin is a cryptocurreny which has generated lots of attention in the last couple years. Many beleive that Bitcoin is the money of the future and that it eventually will replace regular currencies such as USD or EUR (also known as FIAT). Bitcoin got famous for it’s insane price races and which were often followed by huge setbacks.
In opposite of regular stock assets, the Bitcoin price is highly volatile and has know extreme highs and lows. The price can jump up and down with 10% per day. Because of this volatility, Bitcoin is a great currency to trade on. Using an automated bitcoin trading bot you can buy and sell Bitcoin 24/7 at a really high rate. Because of the volatility, this can possible generate you better profits than manual trading would.
All trading bots on this website use exchanges to actually complete the trades. For example, if you sell 1 Bitcoin through your bot, the bot will send this order to an exchange and the exchange will complete this order (or not, if it can’t be completed). So, to use a crypto trading bot you will have to register at an exchange and connect the bot to the exchange.
Bitcoin trading risks
You probably wonder if using a bot does have any risks? Well, it does. Just like regular / manual trading does have its risks. Bitcoin has know a couple impressive price crashes, which could kill your profits, overnight. We would never recommend spending your entire live savings on a Bitcoin trading bot due to the risks.
The risks are partially limited to how you configure the bots and how you act upon market conditions. A common say is “you don’t lose untill you sell”. The price has gone up and down in history, but over time Bitcoin has increased a lot in value. Even when it in 2013 lost a lot of it’s value, it has now recovered and multiplied many times in value.
Please do not take this as advice to always hold your coins, no matter what. You can often generate more profits by taking your loss and buying in again when the price crashes even further. Also it will save you a lot of headache if you don’t have to wait months till a crash has recovered. But history has also shown there is often a huge panic-sell whenever bad news comes out, which seldom leads to a definitive crash since the price historically has recovered over and over again.
Automated bitcoin trading
So, if you are looking for automated bitcoin trading, you can compare the best bitcoin trading bots on our website. You can read real user reviews of the bots we compare and you can filter the bots on features, price or supported exchanges. Start your 24/7 and automated Bitcoin trading today!