Which are the best crypto trading robots and do they really work?

News, Opinion | August 25, 2022 By:

Crypto trading has become a very popular activity today since it gives people a unique possibility to earn a lot of money online. It means exchanging one cryptocurrency for another in order to get profits in the end, so basically, you don’t need to put in too much effort, and sometimes pure intuition might be the best tool in this process. However, crypto trading is not an easy task for the majority of people since in most cases this process greatly resembles gambling and you are not sure what will be the outcome of your actions. 

Due to this reason, developers have decided to establish trading robots that would do all the work for humans. They use a predefined set of instructions such as time, volume, and price, which is necessary for crypto trading. By doing so, they are able to conduct trading processes quickly and thoroughly and reduce the risk of losing by eliminating human emotions. However, given the fact that they are somewhat still in the developing stage, a vast number of people feel skeptical about their abilities and would like to find out whether they really work or not. 

We have to note that the 2022 statistic depicted that more than 90% of trades were performed by trading robots, which is an astonishing number. This speaks volumes about their prospects and some people even think that they might completely replace human labor in the near future. However, there are still some question marks and as we read in this Bit Index AI review , trading robots have yet to prove their full potential. Down below, we would like to point out some of the best crypto trading robots and show you all their beneficial features! 

Top Crypto Trading Bots

There are many types of trading bots and you have to pick out the one according to your preferences. First of all, we would like to point out eToro crypto robot that is the best one for diversified crypto and social investing. It provides a variety of services and with its help, you have the possibility to copy not only trades but trading insights and sentiments as well. What’s more, this platform allows you to follow different traders and examine their portfolios, profits, and acquire all the essential information. Being the social investing platform, users have a chance to learn from the world’s leading investors here!  

The next one we want to cover is called Naga which is the best crypto trading robot for auto copy trading. If you wish to follow the path of expert traders and copy their trades, then you have to deposit at least 250$ on this platform, and given its high-class services, it is absolutely worth paying this much money. This is a perfect opportunity for novice traders who don’t have the necessary trading skills yet, so they will observe more experienced investors and implement their strategies. Most importantly, Naga supports more than 40 cryptocurrencies and with its in-built wallet, you have a chance to deposit, withdraw, send, receive, and hold them! 

If you are looking for the best crypto trading bot for mobile bot trading you have to go for CoinRule. It was launched in the United Kingdom in 2017 and allows you to trade various cryptocurrencies. The most exciting part of CoinRule is that it does not require any fees for trading, and you have the possibility to take advantage of nearly 7.000 strategies by creating multiple trading rules-based. This is the best choice for mobile users since it supports an array of communication methods such as emails, webinars, live telegram chats, and several others. 

Future of Crypto Trading Robots

Despite the fact that crypto trading robots have brought tremendous benefits, we have to say that some people still don’t fully trust them and feel skeptical about their future. These robots do all the work for humans and operate even when you are sleeping. They include predefined rules in order to carry out trades and monitor various trading exchanges at the same time. By doing so, they completely rule out the risk that might be created by human feelings and emotions such as greed, fear, anger, and others. Due to this reason, many people believe that trading robots might completely substitute human labor in the future.

However, the picture is not entirely clear yet, and bots have to show off their full abilities. Generally, they are useful for those traders who wish to perform short-term trades since robots are scalpers operating only for a short period of time. Also, some people think that a lack of human emotions can be a downside as well since they often make decisions based on instincts and sometimes they get rewarded tremendously in the end. So, as you can tell, trading robots include some hiccups as well, and that’s why experts think that they might not completely replace human labor in the future.