Best AI Trading Bots in 2023: When AI Meets Crypto

It looks like AI has taken over everything these days, even trading. Trading can be confusing and challenging for someone who has little to no knowledge about the trading market. So having useful tools like an AI trading bot can be a great asset.
Trading has gained such powerful popularity among all types of people and in different age ranges. There is no such thing as becoming rich overnight, but with the right set of strategies and the best AI trading bot, your winning chances increase significantly.
Let’s get into what is an AI crypto trading bot and then introduce the best ones out there.

What Is an AI Trading Bot? 🤖

Trading is a highly demanding task that requires knowledge, time, and dedication. And I think we can all agree that it’s rather challenging for a human to dedicate a proper amount of time and energy to trading crypto. A great solution for optimizing trading and eliminating challenges is using trading bots. 

An AI trading bot is an intelligent, sophisticated program that uses advanced algorithm analysis techniques to study the trading market patterns and execute buying and selling crypto orders. 

An AI trading bot is like an AI investing bot that does all the work for you; it is designed to execute trades automatically without needing your interference. Most importantly, AI crypto trading bots are usually available at cost-effective rates.

The best crypto AI trading bot provides accurate and customized scans of all trades on the minute and has mastered three factors on behalf of professional traders:

1. Prediction
2. Automation
3. Trade placement 

Remember that just like other technologies, an AI crypto bot also has its limitations. If you want the maximum bang for your trading buck, you need to find the best crypto AI trading bot.

How Does an AI Trading Bot Work?

To use an Artificial Intelligence crypto trading bot, you link it to your trading wallet via its API key and put in your specific instructions. If you use the best AI trading bot, it always chooses low-risk trades over high-risk ones, which might not result in massive profits but is good for stacking up small profits over time.

However, if you ever want to change strategies and take a shot on high-risk trades, an AI trading bot will comply, just add in your preferences, and it’ll be done.

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The Best AI Crypto Trading Bot in 2023

Whether you are a beginner or a professional trader, you can 100% take advantage of the best AI crypto trading bot. Here are some of your choices:

1. CryptoHero 🥇

CryptoHero is the best AI crypto bot equipped with advanced historical data analysis tools that makes crypto trading almost risk-free. One of the unique features of this AI crypto bot is that you can earn additional money on top of your trading profits by using its ”For Trader-By Trader” marketplace. This particular feature allows you to rent your trading bot to new users and earn revenue.

CryptoHero has a Trading Terminal which allows traders to switch between their exchange accounts smoothly, especially during high-load scenarios. With this AI trading bot, you will be able to add multiple arbitrage strategies, which will be examined by CryptoHero’s advanced technology to ensure maximum profit. 

This AI crypto bot is an excellent option for traders relying on TradingView signals, allowing users to set up multiple signals.

CryptoHero supports many crypto exchanges, including Binance, Crypto.com, Bittrex, Coinbase, FTX, and its pricing plans are:

• Basic: Free
• Premium: $13.99/month
• Professional: $29.99/month

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2. Bitsgap 🥈

Bitsgap is a trading platform equipped with the best AI crypto bot for all-level traders and is basically a customer favorite, according to Trustpilot reviews. This AI trading bot provides advanced tools for smart orders, including Stop Loss, Take Profit, Trailing Take Profit, and OCO for all your Limit, Market, Stop, Stop Limit, TWAP, and Scaled orders.

Bitsgap has an easy-to-use trading terminal with a comprehensive interface allowing users to monitor and trade exchanges without glitches. It offers GRID, DCA, and futures trading bots, which are great for beginner traders. 

Binance, Bitfinex, Bittrex, Bybit, CoinbasePro, Gate.io, Gemini, HitBTC, Huobi, Kraken, Kucoin, OKX, Poloniex, and WhiteBIT exchanges are supported, and the pricing plans are:

• Basic: $23/month
• Advanced: $55/month
• Pro: $119/month

3. Cryptohopper 🥉

Cryptohopper is an easy-to-use AI trading bot that allows users to test trading strategies for free based on Hopper’s historical data. One of the great features of Cryptohopper is that you can enjoy automated fund converters in addition to automated trading.

If you are a beginner trader and want to benefit from professional traders’ expertise and experience, Cryptohopper has a Copy Trading Bot that gives you exactly this. With this amazing bot, you can copy expert traders’ techniques and improve your trading skills in no time.   

Binance, Bitfinex, Bittrex, Bybit, CoinbasePro, Gate.io, Gemini, HitBTC, Huobi, Kraken, Kucoin, OKX, Poloniex, Bitpanda, EXMO, and Bitvavo exchanges are supported, and pricing plans are:

• Pioneer: Free
• Explorer: $16.58/month
• Adventurer: $41.58/month
• Hero: $83.25/month 

4. Axion Crypto

Axion Crypto offers secure automated trading on cloud-hosted enterprise networks, and with Axion Script, you can code complex automated trading algorithms and indicators for maximum trading profit. 

Axion Crypto has Signal, GRID, and TA bots and offers tutorials on all of them. This AI trading bot has a unique feature called Guardian which allows users to configure bots’ rules based on live market conditions.

Binance, Binance.US, Bybit, Kraken, FTX, Coinbase Pro, Bittrex, and Kucoin exchanges, and the pricing plans are:

• Starter: $18.60/month
• Premium: $37.19/month
• Pro: $61.99/month
• Ultimate: $111.57/month

5. Trality 

Many traders consider Trality the best AI for crypto trading because it supports the Python coding language. Trality is equipped with state-of-the-art Code and Rule Builder that offers advanced technical analysis tools, enabling traders to create fully customized and automated algorithmic trading bots.

Trality offers helpful tutorials on margin trading, trading pairs, error codes, trading statistics, and many more trading tips.

Binance, Bitpanda Pro, Coinbase Pro, and Kraken exchanges are supported, and the pricing plans are: 

• Pawn: Free
• Knight: $10.96/month
• Rook: $43.86/month
• Queen: $65.79/month

Cool names for pricing plans, right?

You can use one of these Artificial Intelligence crypto trading bots to kick start or improve your trading experience like a pro. I don’t know about you, but I’m all for AI tools that give me the guidance and convenience I need to get on with my life. So if you are a trader or have a passion for crypto trading, giving an AI crypto trading bot a try is a good starting point.

What Are the Benefits of Using AI for Crypto Trading?

Using AI for crypto trading means you can trade on the go without having to check every market status for each trade every minute. Not every crypto trading bot is credible, but the ones we introduced in this blog post can take your trading game to a new level.

So many people have doubts when it comes to using AI, but doubts don’t do us any good, so the best thing we can do is educate ourselves before we use these tools. 

Artificial Intelligence crypto trading bot is a great asset, and if you are serious about achieving your trading goals, you must not overlook it. 

Check out AI bot crypto trading benefits to see whether it’s worth using or not:

• Removes time limitations that humans face due to its automatic 24/7 trading ability
• Works like a personal AI investing bot that scans and analyzes the trading market from every possible angle 
• Provides accurate market predictions and removes human errors
• Spots new investing opportunities based on precise data and profit potential 
• Executes trading orders faster which leads to higher profits in a shorter time
• Eliminates bad and emotion-driven decisions

Like every tech-based tool, the best AI trading bot also has its limitations, such as not being programmed to face every market fluctuation or crash. So solely relying on AI bot trading to make you huge bucks all the time is folly; we still need to get our hands dirty occasionally.

Is AI Crypto Bot Safe? 💸

Is anything safe online? That’s the better question to ask. You should know that every time you connect to the internet, there is a chance that hackers and other cyber criminals get access to your data.

Sensitive data like your financial information should be protected against all cyber threats. I know what you are thinking, ”Oh, great, this is about installing an antivirus.” No. What you need is a secure environment for AI crypto trading, and that is a virtual private server. 

Using a VPS powered with robust hardware will guarantee uptime, which is critical for trading as every second counts and keeps your data safe from snooping eyes and ears. Even the best AI crypto trading bot is not immune against cyber attacks, and if the bot’s API keys get stolen, the bad guys can access your bot’s settings and change them to generate huge losses. So if you want to protect your AI trading bot and hard-earned assets, check out our VPS plans and secure your trading journey today.

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FAQ

Does an AI trading bot require human intervention?

The short answer is no. But, despite what you might think, a crypto AI trading bot does need some human interference to function, like putting in trading strategies based on an individual’s risk tolerance. Using an AI bot trading offers 24/7 automated trading, which does not require human interference. 

What is the best advantage of leveraging AI crypto trading?

The best benefits of using AI bot crypto trading are saving time, money, and excess human resources. The best AI trading bot uses advanced technology to monitor the trading market 24/7 and execute trades when it’s most profitable. 

What is a disadvantage that even the best AI trading bot has?

The trading market is so volatile and can crash on a dime based on different circumstances. While using the best AI trading bot multiplies your winning chances significantly, it cannot be programmed to face all unhappened yet possible market crashes.