In our test, we tested the common Bitcoin trading bots. In our experience, the following Bitcoin trading bots are best suited for trading. We have agreed an exclusive partnership with the test winner in order to be able to offer interested parties at least a small discount of 10%. Exclusive because nobody else gets a discount on this provider.The placement is not a recommendation, it is our preferences and we explain exactly why.
The 3 best Bitcoin Trading Bots in comparison
Trading bots automate bitcoin and altcoin trading and making it an interesting source of revenue. So it’s possible that the robot works for you and generates revenue.
At this point it is clearly refrained from saying that an xx% return is possible with a trading bot. Often one reads on Trading Bots comparison pages exact percentages how much return the bot supposedly generates. This is total nonsense. You just can not get a percentage, because it depends on many factors. How is the bot set? How does the market behave? Or simply how much specialist knowledge the person have, who operate the trading bot?
A trading bot can be very lucrative and the special thing about it is that it happens automatically. So, you can deal with other things, for example to build up more revenue streams.
In this comparison there are the 3 top Bitcoin trading bots. All have their own characteristics. “Margin” stands out with very good performance and is the winner in this comparison. But also “Cryptohopper” and the trading bot “Gunbot” from CryptoBot do quite well.
What criteria was evaluated?
In this comparison, the bots were rated according to the following criterias:
- User friendliness
- Setting diversity
- Price performance
- Which/How many exchanges are supported?
User friendliness 9.5/10
Margin scores the best in this category. The GUI is really great, anyone who is interested can get an idea of it by downloading the demo version. In addition, the homepage of margin is worth mentioning. This is very professional and simple structured, so that you can orientate oneself easily. The information you need is very easy to find and on the homepage you can also find tutorials, if you need an explanation about the platform. Overall, margin gets here 9.5/10 points!
Setting diversity 8.5/10
The possibilities of the settings are enormous. However, it is in a balance so that one retains the overview, especially as a beginner. The variety of settings is completely sufficient, but there are bots with significantly more bells and whistles. There are all known indicators for analysis and 4 strategies to choose from. In addition, you can still add “tabs” at the edge, such as Reddit, for example, to follow discussions on Bitcoin. Another cool option is adding RSS feeds. So there are points in time on the chart provided with a kind of flag, which symbolizes special events. So you can understand why the course suddenly falls or rises and how serious this is. Overall, margin gets here 8.5/10 points!
Price performance 10/10
In the Price performance category, margin is also the best. In particular, by the fact that the bot is currently still offered with a discount, this is for what he offers reasonably priced. $ 129 will cost a lifetime license for the starter version. This is perfectly adequate for beginners. Overall, margin gets here 10/10 points!
Supported exchanges 9.5/10
Margin supports up to 17 exchanges (Absolutely amazing!). Of the compared patforms, this is the platform with the most exchanges. (Huobipro, Bitstamp, Bitfinex, Bittrex, Poloniax, OKcoin, HitBTC, Binance, Kraken, Coinbase Pro, CEX, Ethfinex, Coinone, OKEx, CGEX, Bleutrade, DRAGONex coming soon). Indeed, there are all exchanges only from the “standard” package for $ 259. Before that, the access to only one exchange is possible (which is completely sufficient for beginners). Overall, margin gets here 9.5/10 points!
It is very remarkable that you can see the whole team of margin on the homepage. So you see who is behind it. This provides high transparency and creates a higher sense of security. Moreover, there are additional tutorial videos on the homepage if you want to take a closer look at how the bot works. Margin also offers e-mail support and promises, according to the homepage, a first-class support with questions of ambiguity. Overall, margin gets here 9/10 points!
Overall, margin comes to an average score of 9.3/10!
User friendliness 9/10
Here is the homepage very clearly structured, so that you can find your way around well. Although Cryptohopper does not offer a demo version, but 7 days free use. The trading platform is very attractive and offers, for example, the possibility to also look at statistics about the trades carried out. Overall, Cryptohopper gets 9/10 points here!
Setting diversity 9/10
Cryptohopper offers a lot of settings. However, you can’t see directly the parameters and strategies, which are adjusted, in the chart as it is e.g. at margin. Then you can experiment in the field “Backtesting” for example the max. profit that you would have achieved in the past choosing this settings. Overall, Cryptohopper gets 9/10 points here!
Price performance 8/10
For what Cryptohopper offers, the price is perfectly OK. However, compared to margin, Cryptohopper does somewhat poorly in this category. The starter version costs $ 19 a month here. Compared to margin, you could stay flexible with Cryptohopper and take a break every month, but the costs would increase every month, which would not happen with a lifetime license from margin.
Tip: If you choose Cryptohopper, it might be worthwhile to take out a 1-year membership, because then the monthly price drops significantly. The price for the “Explorer” package is now only $ 16.58 per month instead of $ 19 (almost 13% savings). For the “Adventurer” package, the monthly price drops from $ 49 to $ 41.58 (15% savings) and for the “Hero” package, the monthly price drops from $ 99 to $ 83.25 (savings almost 16%). So if you plan to use the bot for longer, the annual membership with reduced monthly payments could be worthwhile.
Overall, Cryptohopper gets 8/10 points here!
Supported exchanges 9.5/10
Cryptohopper supports 9 exchanges (Huobi, Binance, Poloniax, Bittrex, Coinbase Pro, Kraken, Bitfinex, KuCoin, Cryptopia). It does not matter which package you choose, you have access to all exchanges. Overall, Cryptohopper gets 9.5/10 points here!
Cryptohopper offers e-mail support and video tutorials. They also write regularly on their own blog, which also contains a lot of useful information. Overall, Cryptohopper gets 9/10 points here!
Overall, Cryptohopper comes up with an average score of 8.9 /10!
User friendliness 7.5/10
The Gunbot is comparatively less user friendly. Due to the fact that this bot is aimed mainly at professionals, it is less suitable especially for beginners, because the overview is quickly lost. Furthermore, it lacks a free trial version to try at before buying. Besides, the only payment method is Bitcoins. That means you should have exactly this cryptocurrency to be able to use this bot. The payment in bitcoins has its advantages and disadvantages. Since the crypto market is very volatile, the price is quite volatile. Overall, Gunbot only gets 7.5/10 points here!
Setting diversity 9/10
The variety of settings keeps within limits. Above all, it varies a lot and depends on the package you choose. For example, the Standard Edition contains only one bot for a stock exchange, and add-ons such as tradingview or backtesting are not included. Overall, Gunbot gets here 9/10 points!
Price performance 6/10
There is currently a 50% discount. So the Standard Edition costs 0.05 BTC (which corresponds to a value of ~ 450 $ (state of 04.02.2020)). That’s pretty much compared to the other bots. It is indeed a professional bot but then a bot in the package Standard Edition is not enough and it makes sense to choose the professional version for 0.125 BTC (depending on the conversion rate it is a bit more than $ 1100). Overall, Gunbot gets here 6/10 points!
Supported exchanges 9/10
Gunbot supports up to 9 exchanges (Poloniex, Bittrex, Binance, Coinbase Pro, Cex.io, Kraken, Bitfinex, Kucoin, Huobi, Cryptopia). Only the most expensive variant allows the use of all exchanges. Overall, Gunbot gets here 9/10 points!
On the homepage there is a Gunbot Wiki. There are many things explained in detail and it is clearly managed so you get information very well. In addition, there is also e-mail contact with questions. Overall, Gunbot gets here 9/10 points!
Overall, Gunbot comes to an average score of 8.1/10!
In summary, all 3 trading bots are good bots that are more or less suitable for one. Especially the trading bot from margin stands out with very good presentation and the price-performance ratio. It is perfect for beginners but also offers advanced packages.
If you do not like margin, you can switch to the similar alternative Cryptohopper. Both margin and Cryptohopper can be tested before buying. Gunbot is quite specific with the Bitcoin payment method and the more technical user interface. This Gunbot is practically suitable for professionals.