Top 10 Best Free Crypto and Cryptocurrency Automated Trading Bots: Your Ultimate Guide to Automatic and Auto Trading

Cryptocurrency auto trading bots form the backbone of the entire industry. The lion’s share of the market volume is generated by bots, diligently making money for their owners without a stop. Humans can’t really compete with machines in speed and precision. Thus, an automatic crypto trading bot is essential for effective profit-making in the cryptocurrency market.

However, not all programs are created equal. We’ve prepared a list of the cryptocurrency best trading bots in no particular order. There is no “ultimate solution”– crypto automated trading bots are tailored towards different audiences and purposes. As a result, the perfect solution for one trader may be totally unsuitable for another.

Coinrule – an easy-to-learn bot

Coinrule is an entry-level service primarily designed for completely new traders. It tries to make algo trading as easy and simple as possible and offers the opportunity to use its basic functions without payments.

• First, Coinrule has a substantial tutorial section containing well-written articles explaining trading basics, algorithms, and strategies. These articles would help all newcomers, even those not planning to use this service.

• Second, Coinrule’s built-in tools are simplified, so no special knowledge is required.

• Finally, the UI is well thought-out and intuitive, so new traders have less to handle.

However, there are also drawbacks. Only a few strategies are available, and the price to access the advanced ones is not “noob-friendly” (up to $449 per month).

Coinrule operates on 4 major exchanges: Kraken, OKX, Binance and Coinbase.

Pionex – one of the best free crypto trading bots

Pionex is a crypto exchange offering 16 different bots for different strategies: Martingale, Grid Trading, Leveraged Grid Trading, various arbitrage robots, etc.

Customisation of strategy within one program is limited, but Pionex is marketed for beginners, so it is not a huge issue.

It is also important that Pionex's liquidity is aggregated on Huobi and Binance.

Phemex – automation of trades with futures

Phemex is another example of an exchange offering a beginner-friendly algorithm. However, this service specializes in futures trading, unlike most entry-level automation tools.

Customisation is limited – the program has only three approaches to the market available. But they are reliable and easy to understand, so Phemex is certainly among the best free crypto trading bots

Phemex promises to add a spot algorithm soon.

Mizar – a marketplace for cryptocurrency auto trading bots

Mizar is a community-driven platform for automated trading bots. It provides access to various user-created programs and its own offerings.

The platform does not charge a monthly fee. Instead, users pay a fee on every trade (0,0047% to 0,1%). The developer gets most of this fee, and Mizar gets its cut. So it is possible to make decent money selling your own algorithms

Mizar has a proprietary DEX but also works with a dozen other exchanges.

3Commas – automatic crypto trading bot for professionals

3Commas recently gained immense popularity among experienced traders. It operates on two dozen major platforms and has a high degree of customisation, but its main advantages are its additional tools:

• 3Commas is a rare robot with trailing stop support.
• Dollar Cost Averaging helps traders make informed decisions
• US residents get assistance in tax reporting

However, 3Commas is clearly on the pricier side. $37 a month will get you 50 trades, and unlimited trades will cost you $59.

CryptoHopper – the most feature-rich cryptocurrency automated trading bot

CryptoHopper is well-known and respected among crypto traders. This is mainly due to its unrivaled number of advanced features: from trailing stops and back-testing to a signals marketplace. Fortunately, it also has a comprehensive tutorial, so users can use these capabilities.

CryptoHopper working with all the leading CEXes is also a significant plus.

You can use the service for free but with minimal functionality. More advanced plans cost from $29 to $129 a month.

Gunbot – the best of “true hardcore” crypto automated trading bots

Gunbot is tailored towards experienced market participants who value high customizability and privacy. It works on over a hundred exchanges and offers a great developer toolkit.

However, it is not beginner-friendly. A high level of market understanding is required, and you need some coding knowledge to set up the robot. Moreover, you are responsible for setting up and maintaining a server on which your Gunbot copy will run.

Despite regular updates, there is no monthly fee. You pay only once. The price fluctuates over time between 0,05 and 0,1 BTC

HaasOnline – a bot for privacy-focused traders

HaasOnline differs greatly from most modern crypto auto trading bots. By default, it runs on the user’s personal computer or a dedicated server, not in the cloud. The target audience is self-reliant traders who don’t want to advertise their activity and earnings.

The bot uses a proprietary programming language, HaasScript, that allows users to implement virtually any sophisticated approach. Those who don’t want to learn HaasScript can use a visual editor to build strategies from pre-made blocks.

Prices vary from $9 to $99 a month, and the bot supports two dozen exchanges, including DEXes and futures platforms.

Hummingbot – the bot for market makers

Hummingbot targets a unique audience – it is not a bot for casual or even professional traders. It is an automation tool for professional market makers.

Hummingbot allows you to build and deploy market-making and arbitrage bots, automate liquidity cloning and create comprehensive institutional strategies. The number of supported platforms is also quite impressive: 19 centralized and 24 decentralized exchanges.

Hummingbot is an open-source software. It is lacking in quality of life, but it is not a big issue. After all, if you are the target audience, you are either an industry professional or able to hire a professional to handle it.

Kryll – the leading UI among crypto auto trading bots

Kryll earned its place among the industry leaders due to its great UI and impressive AI-powered functionality.

It relies on a powerful editor that combines extensive functionality with effective visualization. You can drag blocks onto the chart and visualize your strategic logic as you build the program. Technical indicators, trailing stops, and other advanced elements help with even the most sophisticated approach. Testing your creation via the backtest function is also possible without paying a dime.

The built-in marketplace is quite popular in the Kryll community. Here you can rent out your successful strategies or rent a robot yourself. The latter feature is handy since it enables you to make a profit and “take a look under the hood” of a properly built algorithm.

Pricing is based on turnover. $1,000 worth of monthly trades will set you back $0,33. Holding KRL tokens further reduces costs and makes trades more profitable.

Kryll works on Kraken, Gate.io, KuCoin, Binance, and other major CEXes.

How to choose an automatic crypto trading bot

All the listed services vary wildly in pricing, features, target audience, ease of use, and specialization. Thus, we recommend determining your personal goals and tailoring your program selection accordingly.

Moreover, user preference plays a great role, especially regarding UI, visuals and quality-of-life features. Since most cryptocurrency automated trading bots have a free trial feature or at least free backtesting, it would be wise to try multiple solutions. This way you will know for sure what suits you. And remember: you don’t have to pick only one.