12 Best AI Trading Bots for August 2024

by | Aug 25, 2024 | Crypto Investment, Trading School

- Coin Push Crypto Alerts ai_trading_bots
ai trading bots

Artificial intelligence (AI) trading bots have revolutionized the way traders engage with the cryptocurrency market, offering tools to analyze trading opportunities, maximize profits, and even automate trading activities. These bots vary widely in risk tolerance, success rates, and adaptability, making it essential for traders to choose a bot that aligns with their style and strategy. In this comprehensive guide, we will explore the 12 best AI trading bots for 2024, helping you decide which one suits your trading needs.

The Best AI Trading Bots Ranked

Here’s a quick look at the best AI trading bots for 2024:

  1. Dash2Trade – Overall best AI trading bot for 2024
  2. Learn2Trade – Top crypto trading bot with 79% win rate
  3. Perceptrader AI – Popular AI-powered grid trading system for detecting high-potential trading opportunities
  4. Cryptohopper – Build custom AI bots that choose strategies based on conditions
  5. Coinrule – Top beginner-friendly AI trading platform for crypto
  6. Bybit – Trade cryptos using an advanced AI-powered platform
  7. Pionex – Create custom trading strategies with an AI chatbot
  8. Bitsgap – AI crypto platform has activated more than 3.7 million bots
  9. Kryll – Crypto trading bot marketplace with hundreds of automated strategies
  10. Wundertrading – Popular AI trading bot for cryptocurrency pairs
  11. Gunbot – Make custom trading strategies through text-based AI prompts
  12. Octobot – Crypto trading bot offers price predictions through ChatGPT

1. Dash2Trade – Overall Best AI Trading Bot Platform in 2024

Dash2Trade is our top pick for AI trading bots in 2024. This platform stands out with its two AI-powered bots designed for crypto trading: one using a dollar-cost averaging (DCA) strategy and another utilizing a grid trading strategy. Dash2Trade supports trading on over 400 cryptocurrencies across six major exchanges, making it a versatile option for traders.

The platform also offers advanced tools for traders to create custom bots, backtest strategies, and optimize performance. Additionally, Dash2Trade integrates AI to monitor social media activity and technical indicators, providing traders with bullish or bearish signals on various timeframes.

  • Supported Assets: Crypto
  • Pricing: $120 per year
  • Free Plan: Yes
  • Claimed Success Rate: N/A
  • Supports Custom Strategies: Coming soon

Pros:

  • Supports 400+ cryptos across six exchanges
  • Incorporates social and technical analysis
  • Advanced strategy backtesting tools
  • Discounted pricing with $D2T token

Cons:

  • Limited to crypto trading

2. Learn2Trade – Top Crypto Trading Bot with 79% Win Rate

Learn2Trade offers a highly successful AI trading bot with a 79% win rate for trading popular cryptocurrencies like Bitcoin, Ethereum, and more. The bot operates via Cornix, translating signals from Learn2Trade’s Telegram group into orders on a trader’s exchange. It’s easy to set up and requires minimal intervention, making it ideal for traders looking for a hands-off approach.

  • Supported Assets: Crypto
  • Pricing: £39 per month or £215 per year
  • Free Plan: No
  • Claimed Success Rate: 79%
  • Supports Custom Strategies: No

Pros:

  • High success rate
  • Easy setup and integration
  • 24/7 trading
  • Built-in risk management

Cons:

  • No free plan

Perceptrader AI uses advanced AI and machine learning to enhance trading performance through its grid trading system. This bot excels in detecting high-potential trading opportunities while filtering out low-potential trades. It’s a cost-effective option compared to other algorithmic trading solutions and includes a 14-day free trial.

  • Supported Assets: Currencies
  • Pricing: One-time fee of $2,400
  • Free Plan: 14-day free trial
  • Claimed Success Rate: N/A
  • Supports Custom Strategies: No

Pros:

  • Advanced AI capabilities
  • Efficient price prediction models
  • Easy to use

Cons:

  • Limited to a few currencies

4. Cryptohopper – Build Custom AI Bots

Cryptohopper is a powerful platform that allows traders to build and backtest custom AI bots. The platform offers a marketplace of bots to copy trade and supports advanced charting tools to visualize strategies. Cryptohopper’s AI can automatically switch between strategies based on market conditions, making it unique among trading bot services.

  • Supported Assets: Crypto
  • Pricing: $107.5 per month
  • Free Plan: Yes
  • Claimed Success Rate: N/A
  • Supports Custom Strategies: Yes

Pros:

  • AI bots switch strategies based on conditions
  • Supports 130+ technical indicators
  • Integrations with 17 major crypto exchanges

Cons:

  • High cost
  • Only supports crypto trading

5. Coinrule – Top AI Trading Platform for Beginners

Coinrule is designed with beginners in mind, offering a user-friendly interface and simple AI-based trading strategies. The platform allows for easy integration with major crypto exchanges and uses military-grade security for funds protection. Coinrule offers a free starter plan and a more advanced Pro plan for $499.99 per month.

  • Supported Assets: Crypto
  • Pricing: $499.99 per month (Pro plan)
  • Free Plan: Yes
  • Claimed Success Rate: N/A
  • Supports Custom Strategies: Yes

Pros:

  • Beginner-friendly
  • Customized trading bots
  • Free subscription plan available

Cons:

  • High cost for the Pro plan

6. Bybit – Access AI-Powered Strategies for Cryptocurrency Trading

Bybit is a leading cryptocurrency exchange that offers AI-powered trading tools. One of its standout features is TradeGPT, an AI language model that analyzes historical data and provides trading insights. Bybit supports various technical indicators and allows for low-minimum investments, making it accessible to a wide range of traders.

  • Supported Assets: Crypto
  • Pricing: N/A
  • Free Plan: Yes
  • Claimed Success Rate: N/A
  • Supports Custom Strategies: Yes

Pros:

  • Low minimum investment
  • AI-powered trading insights
  • Supports multiple technical indicators

Cons:

  • Not available to U.S. clients

7. Pionex – Automated Trading Platform with AI Chatbot

Pionex is an innovative trading platform offering over 16 AI-powered trading bots, including a unique AI chatbot, PionexGPT, which helps create custom trading strategies. The platform is designed for both short-term and long-term investors and charges a low trading fee of 0.05% per transaction.

  • Supported Assets: Crypto
  • Pricing: 0.05% per transaction
  • Free Plan: Yes
  • Claimed Success Rate: N/A
  • Supports Custom Strategies: Yes

Pros:

  • Low trading fees
  • AI-powered custom strategies
  • Wide range of built-in trading bots

Cons:

  • High fees for fiat deposits

8. Bitsgap – AI Trading Bot for Crypto

Bitsgap is a specialized platform for crypto trading, with over 3.7 million bots activated. It offers a variety of AI trading algorithms, including GRID and DCA bots, which are ideal for different market conditions. The platform also allows trading with leverage and crypto futures, providing an average daily profit of 1.23%.

  • Supported Assets: Crypto
  • Pricing: Starting from $22 per month
  • Free Plan: 7-day free trial
  • Claimed Success Rate: 1.23% average daily profit
  • Supports Custom Strategies: No

Pros:

  • Wide range of crypto trading strategies
  • Supports leverage and crypto futures
  • Smart order execution

Cons:

  • Short free trial period

9. Kryll – Crypto Trading Bot Marketplace

Kryll is a marketplace offering hundreds of AI trading bots with various strategies. Around 75% of these bots outperform the market, with top strategies generating over 100% annual returns. Kryll supports major crypto exchanges and allows traders to create custom strategies using a no-code editor.

  • Supported Assets: Crypto
  • Pricing: Varies by bot
  • Free Plan: No
  • Claimed Success Rate: Up to 103% annual return
  • Supports Custom Strategies: Yes

Pros:

  • Large marketplace of bots
  • Custom strategy creation with proprietary indicators
  • Integrates with major crypto exchanges

Cons:

  • Costs can add up with multiple strategies
  • No backtesting tools

10. Wundertrading – Activate Up to 10 AI Trading Bots

Wundertrading allows users to activate multiple AI trading bots for cryptocurrency, offering a flexible and user-friendly experience. It provides a range of tools for copy trading and account management, making it a popular choice for traders looking to diversify their strategies.

  • Supported Assets: Crypto
  • Pricing: N/A
  • Free Plan: Yes
  • Claimed Success Rate: N/A
  • Supports Custom Strategies: Yes

Pros:

  • Supports multiple bots simultaneously
  • User-friendly interface
  • Copy trading options

Cons:

  • Limited advanced features for professional traders

11. Gunbot – Custom Trading Strategies with AI Prompts

Gunbot offers customizable trading strategies via AI prompts, allowing users to create highly tailored trading bots. With text-based AI prompts, traders can optimize and adjust their strategies in real-time, making it a flexible tool for various market conditions.

  • Supported Assets: Crypto
  • Pricing: Varies
  • Free Plan: No
  • Claimed Success Rate: N/A
  • Supports Custom Strategies: Yes

Pros:

  • Highly customizable strategies
  • Real-time strategy adjustments
  • Strong community support

Cons:

  • Requires a learning curve
  • No free plan

12. Octobot – AI Trading Bot with ChatGPT Integration

Octobot is an AI trading bot that leverages ChatGPT to provide price predictions and trading signals. It offers a user-friendly interface with options for creating custom trading bots. Octobot supports multiple exchanges and provides a range of indicators for in-depth market analysis.

  • Supported Assets: Crypto
  • Pricing: N/A
  • Free Plan: Yes
  • Claimed Success Rate: N/A
  • Supports Custom Strategies: Yes

Pros:

  • ChatGPT integration for price predictions
  • User-friendly interface
  • Supports multiple exchanges

Cons:

  • Limited advanced features

Each of these AI trading bots brings something unique to the table, catering to various levels of trading experience and investment goals. Whether you’re a beginner looking for a user-friendly platform or an experienced trader seeking advanced AI-driven strategies, there’s an AI trading bot on this list that will fit your needs. As always, it’s crucial to thoroughly research and test any bot before committing significant capital to it, as trading involves risks, and AI bots are no exception.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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FAQ

How do AI trading bots make decisions in the cryptocurrency market?

Answer: AI trading bots use algorithms and machine learning models to analyze vast amounts of market data, including historical prices, trading volumes, technical indicators, and even social media sentiment. These bots identify patterns and trends that may indicate profitable trading opportunities. Depending on their programming, AI bots can execute trades automatically, based on predefined strategies like dollar-cost averaging (DCA), grid trading, or other custom strategies. Some bots also adjust their strategies in real-time, adapting to changing market conditions to maximize profits and minimize risks.

FAQ 2: Are AI trading bots suitable for beginner traders?

Answer: Yes, many AI trading bots are designed with beginner traders in mind. Platforms like Coinrule and Pionex offer user-friendly interfaces and pre-configured strategies that make it easy for newcomers to start trading without needing deep technical knowledge. These platforms also provide tutorials and support to help beginners set up their bots and understand how they work. However, it’s essential for beginners to start with a small investment and thoroughly understand the bot’s functionality and risks before scaling up.

What are the risks of using AI trading bots in cryptocurrency trading?

Answer: While AI trading bots can enhance trading efficiency and profitability, they are not without risks. The cryptocurrency market is highly volatile, and even advanced AI algorithms can make incorrect predictions, leading to potential losses. Additionally, AI bots require continuous monitoring and adjustments, especially in rapidly changing market conditions. There’s also the risk of technical failures, such as connectivity issues or bugs in the bot’s code. Traders should always use bots as part of a broader risk management strategy and avoid investing more than they can afford to lose.

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