In this guide, we discuss the best Bitcoin robot providers of 2021 and show you how to get started from the comfort of your home.
In This Guide
Here’s a breakdown of some of the best Bitcoin robot providers in the crypto market right now.
Launched in 2014, CryptoSignals.org is a specialist in Bitcoin trading suggestions. The idea here is that the provider will send you crypto trading signals via its Telegram group. For example, the signal might tell you to go short on BTC/USDT at an entry price of $59,000. CryptoSignals.org will also tell you the stop-loss and take-profit orders to place at your broker.
Crucially, this is a semi-passive way of trading Bitcoin online, as you will still be required to place the suggested orders. However, this is arguably better than installing a fully automated robot – as you will have no control over your positions. In terms of performance, CryptoSignals.org targets monthly gains of 1,500 pips when trading Bitcoin.
When it comes to pricing, CryptoSignals.org has a couple of options. Firstly, you might consider the free plan – which will get you three Bitcoin signals per week. There is no requirement to add any payment details for the free service. But, if you wish to get the most from CryptoSignals.org – the premium plan will get you 3-5 Bitcoin trading suggestions each and every day. This will cost you just £35 per month. You will also get a 30-day moneyback guarantee from CryptoSignals.org – should you change your mind.
Splitting CryptoSignals.org and Learn2Trade in terms of the number 1 and 2 spot was somewhat difficult – as both providers are highly rated in the online space. Much like CryptoSignals.org, Learn2Trade has its own Bitcoin robot that is able to scan the cryptocurrency markets 24/7.
When the robot identifies a potential signal – the team at Learn2Trade will manually review it. Then, if it appears that a new trend is about to be formed – a Bitcoin trading suggestion will be sent out via the crypto Telegram signals group. Once again, this will tell you what Bitcoin pair to trade and whether to go long or short. And of course – all Learn2Trade signals come with a suggested stop-loss and take-profit price.
What we also like about Learn2Trade – which also offers forex signals, is that its website offers hundreds of in-depth trading guides. This covers everything from how to trade Bitcoin to using technical indicators. In terms of pricing, the premium plan at Learn2Trade costs £35 per month – which you can reduce further by signing up for a 3, 6, or 12-month plan. There is also a free signal Telegram group.
If you are looking for a fully automated Bitcoin robot – you might want to explore the Crypto Scalper EA. For those unaware, Expert Advisors (EA) are software files that you install into the third-party automated trading platform MetaTrader 4 (MT4).
Then, the EA will trade on your behalf 24 hours per day in a fully automated manner. You do, of course, also need to sign up with an MT4 broker – of which there are many. In terms of Crypto Scalper EA – this Bitcoin robot will typically focus on BTC/USD.
The underlying software file has been programmed to trade M1 and M5 timeframes in a risk-averse manner. This trading robot takes a scalping strategy – meaning it will look to make small but frequent profits when Bitcoin is in a consolidation period. Crypto Scalper EA is, however, a bit pricey at $150 per month or $2,000 for lifetime access.
In a similar nature to Crypto Scalper EA – Crypto Samurai ios a fully automated robot that you need to connect with MT4. The robot provider claims to specialize in three major crypto-to-fiat pairs – namely BTC/USD, ETH/USD, and LTC/USD.
As such, you will need to ensure that you choose an MT4 broker that gives you access to these markets. The Crypto Samurai robot will trade various strategies, covering the 4-hour, 1-day, and 1-week timeframes. In terms of pricing, you have two options on the table.
If you wish to try the robot out first, you can rent it for 1-month at a cost of just $30. Or, if you want to buy it outright, you’ll pay $525.
Gunbot is a third-party Bitcoin trading robot that you will need to connect to 3Commas. For those unaware, 3Commas is a platform that allows you to create your own automated strategies on a drop-and-drag basis.
The platform also allows you to buy pre-made robots – which includes Gunbot. This automated trading robot will focus on core technical indicators like Bolling Bands and Ping Pong signals.
You can also amend the in-built strategies on Gunbot yourself to ensure it alligns with your trading goals. In terms of pricing, a 1-month plan starts at 0.02 BTC. Cheaper options are available when you sign up for a longer plan. n.
The above providers came out on top in our search for the best Bitcoin robots for 2021. However, we also came across the following services that you may decide to consider:
As always, make sure you perform lots of research in your hunt for the best Bitcoin robot.
Below you will find a fee comparison table for the best cryptocurrency trading bots that we have reviewed on this page.
Prices can and will change – so check this yourself before signing up for a Bitcoin robot.
The best crypto trading bots allow you to trade Bitcoin in an automated manner. That is to say, the robot will enter buy and sell positions on your behalf – meaning that you do not need to perform any technical analysis. In most cases, the best Bitcoin robots come in the form of a software file.
This will either be compatible with MT4 or MT5. Once you download the Bitcoin robot software in question, you would then need to upload it to MT4/5. Once activated, the robot will begin trading. In terms of how the Bitcoin robot knows what trading positions to execute, everything is based on pre-programmed code like Python.
As noted above, crypto trading bots are software files that have been programmed to follow a set of template rules. It is these conditional rules that tell the robot what to do – subsequently ensuring that it trades autonomously.
To put it another way – the best Bitcoin trading bot will follow a ‘what-if’ formula. This means that when something is triggered via market conditions, the robot knows to place a trade.
Crucially, as the best Bitcoin robots are merely following code – they cannot make independent trading decisions. This means that it is focused purely on technical data and thus – it does not have the capacity to review fundamental news.
On the flip side, the best Bitcoin trading robots will be able to scan the altcoins market 24 hours per day, 7 days per week. Plus, robots do not suffer from fatigue, and in theory – they do not make irrational trading decisions.
If you perform a quick Google search for ‘Best Bitcoin Robot’ – you will be overwhelmed by the sheer number of providers active in this space. The common denominator here is that most automated crypto trading bots claim to make huge returns – but in most cases, it’s impossible to validate this information.
With this in mind, below we explain the core metrics that you need to consider in your search for the best Bitcoin robot.
Most Bitcoin robots are software files that you install into a third-party trading platform like MT4 or MT5. This will perhaps be the best option for you if you are comfortable allowing a robot to use your trading capital and making decisions on your behalf.
However, the better option is to use a provider like CryptoSignals.org or Learn2Trade, where you will be receiving Bitcoin trading signals. This is because you retain full control over your trading capital as you will be required to place the suggested orders at your chosen broker. And of course – if you don’t quite agree with a signal, you can choose not to act on it.
With that said, the aforementioned providers always provide a stop-loss value that is usually in the region of 1%. This ensures that losing trades are capped. There is no guarantee that a fully automated Bitcoin robot will follow risk-management trading strategies – which is why you might want to reconsider this option.
There are hundreds of fiat-to-crypto and crypto-to-crypto pairs that contain Bitcoin. The former is dominated by BTC/USD and BTC/USDT and the latter includes the likes of ETH/BTC (Ethereum/Bitcoin) and XRP/BTC (Ripple/Bitcoin).
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
As such, you need to understand what Bitcoin pair your chosen robot specializes in. You might also come across Bitcoin robots that focus on cryptocurrency derivates – such as BTC futures and options. If it’s the latter, this isn’t a financial market covered by many cryptocurrency exchanges – so do bear this in mind.
Some Bitcoin robot services will charge you a monthly fee. For example, you will pay £35 per month at CryptoSignals.org and Learn2Trade. This represents excellent value. At the other end of the scale, Crypto Scalper EA charges $150 per month or $2,000 for lifetime access. Usually, you can pay for your Bitcoin trading robot subscription with a debit/credit card or e-wallet.
The most difficult part of finding the best Bitcoin trading robot for your needs is verifying how successful it is. As we mentioned earlier, most providers that are active in this space will claim on their website that they make sizable financial gains.
But, with no sure-fire way of validating these claims – there is every chance that they are false. With that said, the best Bitcoin robot providers will connect their trading account with Myfxbook. For those unaware, Myfxbook is an independent platform that allows robot and signal providers to publicly display their trading results.
As Myfxbook connects to the respective platform via an API, the results cannot be amended or manipulated. As such, this is one of the best ways to verify the authenticity of a Bitcoin robot provider.
Another great way to assess whether a Bitcoin robot service is credible is whether or not it offers a refund policy. For example, both Learn2Trade and CryptoSignals.org offer a 30-day moneyback guarantee. This means that the provider will give you a full refund if you cancel your premium signal plan within 30 days of signing up.
And of course – this essentially allows you to backtest the provider out in a risk-free environment. This is because you can place each and every signal through a free paper trading account. Then, after a few weeks, you can assess whether or not the provider has made you money.
Looking to start trading in an autonomous manner via a Bitcoin robot? In the walkthrough below, we show you how to make the most of CryptoSignals.org and its highly rated trading suggestions. In fact, we show you how to try the provider out in a risk-free backtesting system via its 30-day moneyback guarantee policy.
Visit the CryptoSignals.org website and sign up for a premium plan. As we covered earlier, this will get you 3-5 crypto signals every day (Monday to Friday). Crucially, all plans come with a 30-day moneyback guarantee. It is probably best to stick with the 1-month plan to begin with – which will cost you £35.
You will need a trusted online broker to place the Bitcoin trading suggests that you receive from CryptoSignals.org. As you will be looking to test the provider out in a risk-free environment, we would suggest placing the suggested orders via a free demo account.
eToro – which is regulated by three reputable bodies and offers lots of Bitcoin markets, offers a free demo account that comes preloaded with $100,000 in paper funds. You don’t need to deposit any funds to gain access, either.
Opening an account at eToro takes minutes and simply requires some personal information and a copy of your government-issued ID (as per KYC laws).
You now have a premium plan with CryptoSignals.org and a risk-free demo account with eToro. Next, you need to join the CryptoSignals.org Telegram group. If you haven’t already downloaded the app – you can do this for free via Google Play or the Apple Store. The link to the premium group will have been emailed to you when you registered.
As soon as CryptoSignals.org sends out a signal – the Telegram app will instantly send you a notification. Open the app up and view the signal that has been distributed.
It will look something like this:
Now you need to head over to eToro and place the above buy limit, stop-loss, and take-profit orders. Remember, you are doing this via the eToro demo account – so you aren’t risking any money at this point.
On completion of each trading signal that you receive – make a note of your profit and loss figures. You should do this for at least two weeks to see whether or not CryptoSignals.org has met your expectations.
More and more people are turning to Bitcoin robots as a means to avoid learning how technical analysis works. The unfortunate reality is that most robot providers are scams. As such, be sure to do your own research before proceeding.
We concluded by finding that CryptoSignals.org is the best option on the table. This top-rated provider will send you 3-5 Bitcoin trading signals every day – subsequently giving you all of the information you need to place the suggested orders at your chosen broker.
What are Bitcoin robots? Bitcoin robots are trading algorithms that buy and sell crypto volatility pairs on your behalf. The robot will have been pre-programmed based on a what-if conditional function - meaning it will place trades when a data point has been triggered. The main attraction with Bitcoin robots is that you will be able to trade in a 100% autonomous manner. Are Bitcoin robots legit? The Bitcoin robot space is dominated by scam artists. Most claim to make unfounded financial returns but rarely is this the case. Ultimately, you should always proceed at your own risk when using a Bitcoin trading robot. Another option you have is to consider a social trading platform like eToro, which allows you to copy other traders. What is the difference between signals and a Bitcoin robot? A Bitcoin robot will trade on your behalf based upon the underlying code it has been programmed to follow. Signals are essentially trading suggestions sent to you by experienced crypto traders. You will be told what orders to place at your chosen broker - meaning you retain full control over your funds at all times. Bitcoin robots, however, will have access to your trading capital. How do you use a Bitcoin robot? Most Bitcoin robots are software files that you can install into MT4. Then, it's just a case of giving the robot authorization to trade by ticking the relevant box in your MT4 account. Are Bitcoin trading robots legal? Yes, automated robots have been used in the traditional trading scene for many years now. If your chosen broker supports MT4 - then you should have no issues deploying your chosen Bitcoin robot. How do I automate Bitcoin trading? The best way to automate your Bitcoin trading endeavors is to use a top-rated signal service. Advanced traders and providers like CryptoSignals.org and Learn2Trade send between 3 and 5 signals throughout the working week. Each signal will tell you whether to go long or short on Bitcoin and what entry and exit orders to place. How do you know if a Bitcoin robot is good? In an ideal world, the Bitcoin robot provider will have linked their trading account to Myfxbooks. This will mean that the outcome of each and every trade is publicly verifiable. If the Bitcoin robot isn't on Myfxbooks, then the only way to know if it is any good is to test it out yourself via a demo account. Alternatively, 3commas and Cryptohopper have a lot of useful information about crypto trading bots.
Bitcoin robots are trading algorithms that buy and sell crypto volatility pairs on your behalf. The robot will have been pre-programmed based on a what-if conditional function - meaning it will place trades when a data point has been triggered. The main attraction with Bitcoin robots is that you will be able to trade in a 100% autonomous manner.
The Bitcoin robot space is dominated by scam artists. Most claim to make unfounded financial returns but rarely is this the case. Ultimately, you should always proceed at your own risk when using a Bitcoin trading robot. Another option you have is to consider a social trading platform like eToro, which allows you to copy other traders.
A Bitcoin robot will trade on your behalf based upon the underlying code it has been programmed to follow. Signals are essentially trading suggestions sent to you by experienced crypto traders. You will be told what orders to place at your chosen broker - meaning you retain full control over your funds at all times. Bitcoin robots, however, will have access to your trading capital.
Most Bitcoin robots are software files that you can install into MT4. Then, it's just a case of giving the robot authorization to trade by ticking the relevant box in your MT4 account.
Yes, automated robots have been used in the traditional trading scene for many years now. If your chosen broker supports MT4 - then you should have no issues deploying your chosen Bitcoin robot.
The best way to automate your Bitcoin trading endeavors is to use a top-rated signal service. Advanced traders and providers like CryptoSignals.org and Learn2Trade send between 3 and 5 signals throughout the working week. Each signal will tell you whether to go long or short on Bitcoin and what entry and exit orders to place.
In an ideal world, the Bitcoin robot provider will have linked their trading account to Myfxbooks. This will mean that the outcome of each and every trade is publicly verifiable. If the Bitcoin robot isn't on Myfxbooks, then the only way to know if it is any good is to test it out yourself via a demo account. Alternatively, 3commas and Cryptohopper have a lot of useful information about crypto trading bots.
Alan is the Chief Editor of TradingPlatforms.com. He is an experienced finance and investment writer who is an expert on the stock market.
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