AI Tools for Crypto Trading

Best AI Tools for Crypto Trading

Cryptocurrencies are one of the best forms of payment based on blockchain encryption algorithms. With a market cap of $2.5 trillion, these digital coins have become a good option for traders. Their decentralized nature and higher returns in previous years attract many crypto traders. To improve crypto trading, companies are now integrating AI in trading bots and developing many AI solutions for traders. These AI tools improve traders’ crypto strategies, predicting market trends and sentiments by analyzing the latest news and insights from the market. This article will delve into the best AI crypto trading bots that help traders take their game to the next level.

Benefits of using AI in crypto trading

• Identify Patterns: As these AI tools are trained on large datasets, they help the users find patterns in complex data and provide better strategies to the users.
• Data Analysis: These tools are trained on vast amounts of data, which helps users analyze the new data set and predict the outcome.
• Emotional bias: These AI tools make decisions based on the data they are trained on, which helps traders and investors avoid emotional bias and make decisions quickly.
• Market Tracking: AI tools track the market 24/7, updating traders on important information, sending market alerts, and doing research that humans can’t.
• Automated Trading: These AI tools help users automate trading, eliminating emotional bias and reducing human error.
• Optimized Portfolio: These tools help users diversify their portfolios and rebalance assets to maximize returns with minimal loss.

Choosing the right tool

Choosing the right tool for crypto trading is very crucial. The tool must be dependable, safe, trustable, and user-friendly. It should offer a wide range of trading tools and features, such as technical analysis, analysis of charts, and market alerts, and support many cryptocurrencies.

Best AI tools for crypto trading

1. 3 Commas

3 Commas is a platform that provides trading bots to automate the trading process in all market conditions. It also offers a variety of features such as smart trades, crypto signals, and trading views and supports all the major crypto exchanges. It provides signals that allow new traders to copy the strategies of experienced traders.

Here are the features of 3 Commas

• Trading Bots: 3 Commas offers different trading bots, such as a signal bot, DCA(Dollar Cost Averaging) bot, and the GRID bot. These bots allow traders to automate trades, diversify the chance of good returns, and manage risk. 3 Commas also offers trading bots specific to major crypto exchanges such as Binance, Bybit, KuCoin, etc.
• AI-powered Bots: 3 Commas also provides traders with AI-powered trading bots, which support various aspects of crypto trading, such as analyzing large datasets, identifying patterns, and making data-driven predictions in real-time.
• Signals: New traders can copy the signals provided by experienced traders by copying their strategies. It also supports an interactive dashboard that allows users to track their portfolios.
• Major Exchanges: It supports all the major crypto exchanges, such as Binance, Bybit, coinbase, and more; it makes it easy for traders to manage their accounts without moving assets here and there.
• Security: It only interacts with the exchanges with API keys, Fast Connect, and IP safe listing to provide robust protection.

Pricing

3 Commas offers a free plan as well as a paid plan. The Paid plan includes a Pro Plan, which costs around $37/month, an Expert Plan at $59/month, and a custom business plan.

Click here to try

2. Pionex

Pionex is the world’s leading trading bot, offering different types of built-in trading bots. It is used by more than 100 countries around the globe, and it has more than 100 million trades and $50 billion in monthly trading volume. Pionex also offers auto trading bots, futures bots, futures trading, and demo trading to help traders.

Here are the features of Pionex

• AI Trading bots: Pionex offers a variety of trading bots for all-season traders. It provides a grid trading bot, DCA Bot, Rebalancing bot, and bots tailored to cryptocurrencies such as Bitcoin and Ethereum. It also offers AI-powered trading bots, which allow traders to trade based on data, identify complex patterns, and analyze large datasets
• Futures Trading: It offers a futures bot that allows traders to earn significant returns on small investments. Futures trading offers the most flexible ways to take profit and track users’ trading performance to provide insights and manage risks.
• Various Options: Pionex allows traders to trade over 20 cryptocurrencies with guaranteed returns in all market conditions. It offers an interactive market dashboard for users, which enables them to keep up-to-date with the ups and downs of the market.
• Pionex GPT: Pionex offers an AI-powered chatbot, “Pionex GPT.” It allows the traders to ask questions about the market and their strategies. It also allows traders to develop their own AI trading bot without any coding experience, and it backtests the bot and optimizes parameters.

Pricing

Pionex is free for all traders, yet it charges trading fees for their transactions on the platform.

Click here to try

3. Cryptohopper

Cryptohopper offers the world’s most customizable crypto trading bots. It offers traders and investors various features and pro tools to ease their crypto journey. Used by more than 800K users worldwide, the platform has also been featured in major media news, such as Bloomberg and Forbes.

Here are the features of Cryptohopper

• Automatic Trading: It offers crypto trading bots that can copy the strategies of any pro trader, analyze them, and book profits. These bots can monitor the market 24/7, finding trends and opportunities for traders and investors. Cryptohopper also offers AI-powered trading bots that can analyze complex data and patterns in the market to generate profits for traders.
• Manage the portfolio: Cryptohopper offers advanced tools to traders, such as a charting tool, DCA, Market-Making and more.
• Trailing features: It allows traders to follow the price movement and sell/buy automatically when the price launches using advanced AI algorithms.
• Exchanges: It supports all the major exchanges such as Binance, Kucoin, Kraken, etc. This allows the traders to manage their exchange accounts and trade in a single place.
• Social Trading Platform: Cryptohopper provides users with a social trading platform on which traders can subscribe to trading signals, discuss strategies with other traders, and buy bot templates in one marketplace.

Pricing

Cryptohopper has both a free plan and a paid plan. The free contains the basic features and manual trading, and with a trial of 3 days, it has two paid plans: Explorer costs $24.16/month, and Adventurer costs $57.5/month.

Click here to Try

4. Crypto Co-Pilot

Crypto Co-Pilot is a GPTs powered by GPT-4o. It is powered by the technology of GPT-4, such as data analysis and real-time internet access.

Here are the features of Crypto Co-Pilot

• Real-time market analysis: The chatbot is powered by real-time internet access, so it helps traders get real-time updates on the crypto market, which allows them to reform their strategies and make quick decisions.
• Trend Analysis: The chatbot helps users analyze the complex patterns and data of the conversion and convert them into readable charts as a code interpreter of GPT powers it.
• Answer financial problems: Not only the trends, but the Crypto Co-Pilot also helps traders solve financial and trading issues.
• Latest News: Co-Pilot helps traders get updated with the latest news on the crypto market and alerts.

Pricing

Crypto Co-Pilot is free to use for all users but a limited number. To get unlimited access, users must buy the GPT Plus subscription, which costs around $20/month.

Click here to try

5. Octobot

Octobot is the leading crypto investment strategies platform, offering traders different and unique strategies to diversify their portfolios and maximize their profits. Trusted by more than 35000 users worldwide with more than 10 million trades.

Here are the features of Octobot

• Crypto Basket: Octobot offers users a set of investment themes similar to mutual funds. These themes help traders and investors reduce their risk and diversify their portfolios.
• Investment Strategies: Octobot allows the trades to explore various investment strategies. Users can view the performance history, understand the strategy, and implement it in their trades.
• Major exchanges: Octobot has partnered with all the major exchanges, such as Binance, Bing X, Coinbase, etc. It allows the traders to pick up the strategy and trade on their desired exchanges.
• Automation: Also, traders can define their strategy on the trading view and connect with Octobot to automate their strategies.
• AI Trading Strategies: Octobot uses the latest AI models to detect and predict the movement in the crypto market. This allows traders to make quick decisions based on large amounts of information, and it also leverages AI to design a potential strategy for traders.

Pricing

Octobot has a free plan and two paid plans: Investor Plus, which costs around $4.99/month, and Pro, which costs around $24.99/month.

Click here to Try

6. Amy by Crypto.com

Amy by Crypto.com is a chatbot by Cryto.com, a popular crypto exchange with over 80 million users worldwide. Crypto.com offers different financial services such as exchange, DeFi, NFT, and direct payment services in cryptocurrency. The chatbot is based on ChatGPT API and is further trained on large datasets and examples by Crypto.com.

Here are the features of Amy

• Analysis: Amy helps traders perform fundamental analyses of the specific tokens or projects, including price listing and historical events. It also offers a sentimental analysis of social media and news about any crypto.
• Real-Time Market Trends: It helps users get real-time market analysis and alerts of the latest news about any cryptocurrency, which allows traders to make informed decisions.
• Suggest Answers: Amy helps the traders to get the answers to all their questions related to crypto, whether it is refining their strategies, making new decisions based on any latest news, bets investment opportunities, etc.

Pricing

Currently, the chatbot is in beta and only available to selected users.

Click here to Try

7. Messari

Messari is an AI-powered crypto news and research platform. It offers various research and news tools and sets alerts for traders to stay updated with the latest market updates.

Here are the features of Messari

• Research: Messari offers various reports, such as Research Reports, Protocol Reports, and Diligence Reports. It also provides the latest news and insights into the crypto market, and with the help of AI, it summarizes the news into main vital points.
• Intel: It provides information about the tokens and projects, such as key developments, governance, new token unlocks, etc.
• Screener: Messari also provides a screener, a crypto research and analysis tool for scanning and filtering cryptos based on various factors.
• Charts: It also integrates with Trading View and Chartbooks to provide cryptocurrency patterns, charts, and graphs.
• Market Overview: Messari also offers a dashboard to check the pricing of cryptos, which helps traders gain real-time insights.

Pricing

Messari offers different types of plans: Lite costs $15/month, Pro costs $99/month, and a custom plan for enterprises.

Click here to Try

Conclusion

AI-powered tools are revolutionizing crypto trading by offering advanced features like pattern recognition, automated trading, and real-time market analysis. The tools above provide traders with sophisticated AI-driven solutions to enhance their trading strategies and decision-making processes. These tools help mitigate emotional bias, optimize portfolios, and provide round-the-clock market monitoring. As the crypto market evolves, AI trading tools are becoming increasingly essential for novice and experienced traders. However, choosing the right tool based on individual needs, security features, and supported exchanges is crucial.

AI Tools for Crypto Trading was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.