Wikicoin Vera Thornpike

5 Best Upcoming Cryptocurrency to Watch in 2018

📚 Wikicoin
BTC and ETH are not the only options for investment! Meet five new cryptocurrencies to consider in 2018
5 Best Upcoming Cryptocurrency to Watch in 2018

Despite the fact that Bitcoin continues reigning the market of cryptocurrency, there are new altcoins appearing every day. Some of them are innovative, while some are junk. The market is bursting with top upcoming ICOs, and today we continue observing altcoins worth taking a look at. Yesterday we explored five well-known cryptocurrencies, here are five fast-growing coins.

EOS

EOS is a versatile smart contract Blockchain platform proposed by the Block.one company. It makes up for a better speed, excellent user experience, and scalability. EOS uses Delegated Proof-of-Stake (DPoS) consensus mechanism, which allows for a higher throughput, as well as the absence of transaction fees. Thanks to shared networks, such resources as bandwidth and storage are provided and shared by participants.  

What makes its new upcoming cryptocurrency advantageous is the technology underlying it. EOS is way more technologically advanced than many other projects alike. The much-awaited upcoming cryptocurrency ICO is already available on the market, and it made waves long time before the coin offering and the main sale which brought the team over $2 bln. EOS is highly capitalized– a lot of money has been put into launch.

Considering the fact that EOS plans to start with 1,000–6,000 TPS (which is an enormous speed for Blockchain transactions), and will achieve a strikingly great performance with 21 nodes only, it can surely be called one of the best upcoming cryptocurrencies of this year.

Key merits of EOS
What makes EOS Blockchain technologically superb?

QASH

The next upcoming cryptocurrency worth consideration is QASH, an ERC20 token offered by a Japanese company QUOINE. The team behind the project aims to become a leading financial services provider for huge institutions in the blockchain industry. The services are leveraged inside the LIQUID Platform that was launched in June 2018. Some of its most prominent services include:

  • fiat–crypto exchange,

  • crypto–crypto exchange,

  • prime brokerage services,

  • world order book,

  • and the platform for development and launching of ICO in the frames of their proprietary ecosystem.

One of the most anticipated upcoming cryptocurrency events is releasing of QASH Blockchain and swapping of the ERC20 version for the native token that will take place in 2019. If things go as planned, QASH can become one of Top-10 best up and coming cryptocurrency by 2020.

The strongest side of this project is the fact that it offers end-to-end solutions for Blockchain projects to organize ICO on their platform. That saves entrepreneurs time and efforts for solving major technical issues. After launching, QASH has already started hosting the ICO for VUULR project.

💼 Related Article
Reddit Users Fleeing from Some Coins And Rushing to Others- Why?
🔥 Hot
3 months 2 weeks
256
Reddit Users Fleeing from Some Coins And Rushing to Others- Why?

ChanCoin

This new upcoming cryptocurrency proposed by ChanCoin was initially created in 2017. The ChainCoin team has been working on the steganographic technology which credits the original content creators. CHN is used to define and attach the original ownership to the primary creator of a video or image. This way, the upcoming ICO cryptocurrency will be used to reward the original creators of content, if their works are viewed and reposted.

After the incident with one of the developers who was engaged in the malicious behavior, the community rebuilt the project and has made serious advances since then. Now, ChainCoin’s CHN is a microcap coin, and the market cap has reached $200,000. The release of ChainCoin platform is considered to be one of the most awaited cryptocurrency upcoming events.

Need more info about new altcoins? Check out this video:

https://www.youtube.com/watch?v=aRgdhLFyRUk

Ontology

ONT is an NEP-5 token, one of the most anticipated upcoming cryptocurrency forks of NEO blockchain. By staking their ONT, users get Ontology Gas (ONG) that are used to drive performance transactions for the Ontology Blockchain.

The Ontology project was designed to face one major issue: how to verify personality to upload the information safely into the Blockchain. The smart economy system created by NEO won’t be accessed without digital identity. This platform would be useful for the whole gamut of industries, such as healthcare, insurance, banking, etc. Although it’s a public Blockchain, Ontology also allows for creating private chains for corporate clients to keep mission-critical information safe and secure.

Ontology project is backed up by a serious team who has created a lot of fuss around the platform after being listed in Binance in April. Developers plan to start a partnership with different companies soon after the launch (they have already started working with Sequoia Capital, Danhua Capital, and Matrix China).

Ontology and NEO– Onchain projects
Ontology is an affiliate project of Onchain

Elixir

Elixir (ELIX) is a project that enables users to lend money, perform payments, and perform crowdfunding. The team will introduce the mobile application soon, and leverage the main functions of the platform. At the moment, users can join as “Early Creators” and host the first crowdfunding initiatives. The up and coming cryptocurrency ELIX will be given to early contributors in exchange.

This Blockchain is based on a Proof-of-Time algorithm, which means the coin is distributed with the help of a “genesis airdrop” event. Airdrop participants will not only receive a few ELIX tokens but can also grant their coins to mine more. The longer coins are held, the more ELIX is returned.

Elixir website interface
How an account on Elixir website looks

Comparison of upcoming cryptocurrencies

Let’s check out the market cap of the new popular coins:

EOS

$10.3 bln

Zilliqa

$743 mln

Neblio

$94 mln

Ontology

$703 mln

Qash

$168 mln

Elixir

$9.5 mln

ChanCoin

$200,000

Masari

$1 mln

These are the most promising projects of this year– they have all chances to conquer the market down the road.

When searching for new investment opportunities, don’t limit yourself by well-established coins like Bitcoin and Ethereum– the choice is much, much wider. Bet on the best upcoming cryptocurrency and, probably, you will wake up rich and wealthy.

💼 Related Article
Cryptocurrencies 1,000% Growth is Over, and That’s Just Fine
🔥 Hot
3 months 1 week
256
Cryptocurrencies 1,000% Growth is Over, and That’s Just Fine

Wikicoin
views
👓 Recommended articles
David Dinkins

34,200 Ethereum Contracts Vulnerable to Hackers, Containing Millions in Ether

Researchers have found more than 34,000 Ethereum smart contracts that are vulnerable to hackers, potentially putting tens of millions of dollars at risk.
34,200 Ethereum Contracts Vulnerable to Hackers, Containing Millions in Ether

Over 34,000 of Ethereum’s smart contracts — containing tens of millions of dollars — are vulnerable to hackers, according to researchers. Ilya Sergey, assistant professor at University College London, has co-authored a paper with colleagues from the National University of Singapore outlining the vulnerabilities.

In the beginning

Sergey’s interest in smart contract security began with the revelation last year that a hacker calling himself “DevOpps199” had exploited a vulnerability in order to make himself the “owner” of a library used by a number of Ethereum wallets, including the popular Parity wallet. DevOpps199 wasn’t able to steal users’ funds, but by deleting the critical library, he was able to forever lock the funds up and prevent their release. Ethereum users lost $150 mln as a result of this attack.

Amazingly, Parity knew of the flaw months before the attack, and chose not to fix it. The fix that would have kept $150 mln in users’ funds from getting forever locked was considered a “convenience enhancement.”

“Like a vending machine”

Researchers wanted to analyze Ethereum’s entire Blockchain to find which other smart contracts were vulnerable to hackers. They wanted to do so at scale, and they didn’t have access to the source code of every smart contract on the network. So Sergey came up with a clever idea: he’d clone the entire Ethereum Blockchain, essentially making a private fork of the network. This would allow him to execute attacks, see how the smart contracts reacted, and tweak his methods.

Sergey compared his research to deciphering a vending machine’s operations. He told Motherboard Vice:

Imagine your goal isn’t to interact with the vending machine in a proper way, but rather you want to break it or get it to serve you for free. Assume we put a few coins in the machine, and just start randomly pushing buttons hoping that the inner workings of the vending machine — which we have no knowledge about, springs and whatnot — eventually releases the latch so you can take the candy.

34,200

The researchers poked and prodded at over 1 mln smart contracts, and when one didn’t behave as expected, they flagged it for further research. Ultimately they discovered 34,200 contracts that were exploitable. A deeper examination of 3,000 of these contracts revealed they held $6 mln in Ether. That means that total amount of Ether at stake could be in the tens of millions of dollars.

Sergey said his researchers tried to find the owners of the vulnerable contracts to warn them, but have not been able to locate them. For now, the funds are safe. Sergey says:

If someone wants to exploit this idea, they’ll have to do at least as much work as we did.

views
👓 Recommended articles
🎓 Trading Guide Andrew Strogoff

Bitcoin price, Crypto Trading, Cryptocurrency Market

Trading Guide
Cryptocurrency trading bot, advantages and disadvantages, how to use them in trading
Bitcoin price, Crypto Trading, Cryptocurrency Market

Trading robots or bots for cryptocurrency have appeared long go almost at the same time when the first crypto exchanges were created. Those algorithms were in demand as they offer (according to their creators) an opportunity especially for beginners to start trading without any knowledge and earn money.

Why do those cryptocurrency trading bots are popular among novice investors? The main reason for this is the strong belief in miracles. Some beginners think that there is some kind of AI helping investors to take right decisions or even opening profitable trades all the time.

However, this is a myth as there is no such an algorithm, which is able to predict the price in all the situations. We are going to start with some most common myths about crypto trading bots.

💼 Related Article
Bitcoin Price Volatility Explained
🔥 Hot
6 months 1 week
256
Bitcoin Price Volatility Explained

Myth 1: the robot is able to assure 100 percent profit to you

We have already started to discuss this at the beginning of this article. The answer is “No, no and no!”. It is impossible as a trading bot is nothing more than an algorithm. There is no AI here. The robot follows scripts and dependson them completely.

Those who use trading robots have to remember that they need to conduct their own analysis as well. Leaving everything to bot means traders risk more.

Why do bots cannot assure 100 percent result in all trades? The main reason is that crypto robots are based on specific technical analysis indicators and have no AI inside. The robot cannot analyze the situation as it acts according to a special algorithm.

Let’s suppose your cryptocurrency trading bot “uses” RSI oscillator indicator. It gives signals when the curve returns from overbought and oversold areas. This trading tool gives the best entry points when there is no tendency. When a trend starts, RSI may stay for a long time in one of those areas. Let’s suppose we have an uptrend. RSI will stay within the overbought area for a long time giving no reverse signals.

💼 Related Article
How to Trade Cryptocurrencies
🔥 Hot
6 months 1 week
256
How to Trade Cryptocurrencies

However, reverses during the uptrend are corrections and it is very risky to trade them as they may be flat and brief. How will crypto trading bots act? They will open short positions once RSI’s curve will leave the overbought area. What does it mean?

Cryptocurrency trading bot will significantly increase your risks. Trends may be long and significant. During the tendency, an investor will likely lose a part of his capitals or all his funds.

Myth 2: cryptocurrency robots “think” and “learn”

No, it is impossible. Those bots are nothing more than simple algorithms. They cannot “think” neither “learn” as there is no AI inside. However, many novice traders pay too much attention to cryptocurrency trading bots as they believe that those algorithms are able to make miracles.

💼 Related Article
What is Trading and Cryptocurrency Trading, Their Main Features
🔥 Hot
6 months 1 week
256
 What is Trading and Cryptocurrency Trading, Their Main Features

Unfortunately, many traders are trapped with this belief and they lose their funds before they understand the truth, especially in the cases when they buy crypto robots. Those who sell those algorithms do not tell all the truth about them.

We have decided to create this article in order to help traders to understand whether cryptocurrency trading bots are useful. We are going to cover other important things including the advantages and disadvantages of using this soft in trading.

Description of cryptocurrency bots

Those robots came from Forex and stocks markets. They are set up to free investors from some aspects of trading routine. Their main task is to open trading positions according to the parameters, set by the owner.

💼 Related Article
Examples of Cryptocurrency Trading and Cryptocurrency Platforms
🔥 Hot
6 months 1 week
256
Examples of Cryptocurrency Trading and Cryptocurrency Platforms

The simplest cryptocurrency bots buy cryptos when the price goes upwards and sell when it goes down. They have some technical indicators inside as the robot cannot see the chart itself. It can only react to some price changes.

More complicated crypto trading bots use several indicators and some chart data such as periods, for example. There are also some robots that are able to calculate several aspects.

All robots can be divided into two main groups– trading crypto bots that work within one exchange and arbitrage bots working with several exchanges.

How do cryptocurrency trading bots work

They do any steps according to their strategies. A strategy is a set of trading rules that a trader uses during his routine. In order to facilitate his activities, a trader can make his own software. The fewer settings bots have, the less flexible they are.

Experienced traders always try to work with robots that have the maximum number of settings. However, software developers try to set all parameters for beginners as novice traders may be confused by huge data massive.

Many investors think that crypto exchanges do their best in order to prevent clients from using cryptocurrency trading bots. The truth is that those trading places are interested in trading bots as those algorithms open many trades during the day meaning the volume of fees increases significantly. However, it is better to ask the support service of the chosen exchange whether they allow crypto bots or no.

💼 Related Article
Crypto Trading Tips and Tricks: 10 Secrets to Make Your Trading Successful
🔥 Hot
6 months 1 week
256
Crypto Trading Tips and Tricks: 10 Secrets to Make Your Trading Successful

Where to find cryptocurrency trading bots

There are several ways to get such a software. Traders can do them on their own, buy them or download. In order to create a crypto trading bot, one has to have skills in coding. Additionally, traders need to work with exchanges offering API (Application Programming Interface). It is to mention that almost all trading places nowadays have their own APIs.

Those who want to buy cryptocurrency trading bots find special companies or private persons via forums and blogs. There is no unique price for such software. It depends on functionality, number of settings, quality etc. One can also order his own bot, but trading skills required in this case.

Another way to get crypto robots is to download them. There are several links to do it but you have to understand that the quality of such software may be significantly lower.

💼 Related Article
Risk Management, Trading Psychology As Key Factors For Crypto Trading Success
🔥 Hot
6 months 1 week
256
Risk Management, Trading Psychology As Key Factors For Crypto Trading Success

Advantages and disadvantages of cryptocurrency trading bots

Those traders who use crypto robots in their everyday routing have the following benefits:

  1. They save their time. Trading takes much time. Sometimes you have to spend hours analyzing charts or placing orders. Robots are never “tired” and are able to work 24/7. However, it does not mean that you can rely on them in every situation as algorithmic trading involves more risks as we have mentioned above.
  2. Crypto bots do more than traders can. When you trade cryptos, you can follow a couple of coins in a period of time. Additionally, it is hard for a single trader to work with several exchanges simultaneously. Robots are “able” to analyze as more cryptos as you will indicate in their algorithms. Bots will “work” with the number of exchanges you want them to cover.
  3. Higher speed. This is another huge advantage of any crypto robot over humans. Traders are unable to make their analysis as fast as algorithms do meaning robots “can” open trades in the earliest stages of a new trend, for example.
  4. Robots are emotionless. Crypto trading bots “have” no doubts, they “are” quiet and patient, they “cannot” be confused by the market situation. They “have” no emotions and no fears at all. Traders may be greedy; they have fears especially after losing their funds.

💼 Related Article
Ethereum Trading Guide for Beginners
🔥 Hot
5 months 3 weeks
256
Ethereum Trading Guide for Beginners

As for the disadvantages, they are also numerous:

  1. Sheep need a shepherd. Robots may be compared to sheep and trader to a shepherd. He has always looks after his robot, otherwise, he risks to lose his money. Skilled traders will better forecast the situation than any robots as they understand where to open trades and where it is better to stay off the market.
  2. Crypto bots can be used only in a typical situation. However, as practice shows, the market often offer non-standard cases where bots are useless as they are “unable” to conduct fundamental analysis and to “understand” what is going on with this or that crypto.
  3. Exchange fees. Robots may open tens and even hundreds of trades per day depending on their timeframes. However, you need to remember that you are to pay fees to crypto exchange. If you have significant losses after your bot’s trading session, you will be negatively surprised by the commissions as well.
  4. Security issues. There are several security issues when traders deal with crypto bots. Including the following:
  • Trading robots withdraw profit third-party accounts.
  • Copy owner’s account data and transfer it to a third party.
  • Other malicious activities.

Should novice traders use cryptocurrency trading bots in their daily routine

Many beginners think that using crypto trading bits is their unique opportunity to start earning. They look for some reliable software and hope it will significantly increase their trading chances. However, this is not the best way to start trading.

Novice investors do many mistakes when trading. However, they learn even from those mistakes and develop their skills step-by-step getting more experience. Over time they learn some market patterns and have chances to become good traders.

Finally, those who learn, reach new levels and gain more profits. However, those who used robots stay on the same levels and learn nothing. The end by having no background and trading experience. The only thing they know is how to set up their bots.

The other important aspect to consider is that simple crypto bots cost more than $10 per month. Arbitrage robots are even more expensive. The majority of those algorithms aim to take profit only and they do not sell the cryptocurrency until its price grows meaning trader risk to have huge losses.

Is it worth to use cryptocurrency trading bots? It is hard to give an answer to this question. Professional traders can use it in order to facilitate their trading routine. However, skilled investors never use their bots separately from their strategies. They learn first and then give robots a chance.

As for beginners, we recommend starting from trading education. When they get appropriate knowledge about markets and traders, they may start using crypto bots.

💼 Related Article
Bitcoin, Ethereum, Ripple, EOS, NEM New Local Highs Reached: Price Analysis, July 5
🔥 Hot
5 months 2 weeks
256
Bitcoin, Ethereum, Ripple, EOS, NEM New Local Highs Reached: Price Analysis, July 5

🎓 Trading Guide
views
👓 Recommended articles
Thomas Hughes

Central Banks — One Step Closer to Creating Crypto?

IMF Chief said in a speech that central bank digital currencies (CBDC) could be a good solution to some of the problems faced by the banking sector
Central Banks — One Step Closer to Creating Crypto?

IMF Chief Christine Lagarde said in a speech that central bank digital currencies (CBDC) could be a good solution to some of the problems faced by the banking sector. This is good news and was followed up by three central banks with propositions to use CBDC for cross-border payments.

Central banks in Canada, Singapore, and the UK issued a report, noting that various CBDC models could be used to overcome various problems such as going through multiple intermediaries and other time-consuming hurdles. If this comes to fruition, it remains to be seen how it will affect the current crypto market.

Charts at a Glance – BTC/USD

Charts at a Glance – BTC/USD

After dropping to a low of 5188 against the US Dollar, Bitcoin showed rejection at around 5200 by printing two 4-hour candles with massive wicks in their lower part. This is a sign that the sell-off may come to an end or at least that 5200 is strong support for now.

The Relative Strength Index is deep in oversold territory (below its 30 level), which is a fact that, combined with the support at 5200, could push the pair higher. Currently, one BTC is worth 5,540 US Dollars; the next level of interest is located at 5800, so it’s not such a big distance to travel and could be reached over the weekend.

Support zone: 5200 as technical support and 5000 as a psychological level

Resistance zone: 5777 - 5800

Most likely scenario: bounce higher, with 5800 as the target

Alternative scenario: new attempt to break support (5200)

views
👓 Recommended articles
Yuri Molchan

Famous (And Not Well Known) Documentaries, Feature Films About Bitcoin

In this review, U.Today has brought together famous documentaries about cryptocurrency, as well as comedies and action films
Famous (And Not Well Known) Documentaries, Feature Films About Bitcoin

Documentaries:

Bitcoins in Argentina (2013)

A film that lasts just 8 minutes, this is a narrative about Argentinians who take up using virtual currencies to protect themselves from the aftermath of the Argentine peso inflation.

The Rise and Rise of Bitcoin (2014)

The film offers a detailed review of Bitcoin and its characteristics. Separately is discussed the personality of the mysterious Satoshi Nakamoto, the man who managed to create a unique form of money that has caught global attention. The film includes interviews with the Winklevoss twins, Vitalik Buterin and other famous reps of this global industry.

Life on Bitcoin (2014)

A documentary about the life of young spouses who decide to live 100 days off of cryptocurrency only.

💼 Related Article
Bitcoin Cash Retreats From Its High Ahead of Hard Fork
🔥 Hot
1 month 1 week
256
Bitcoin Cash Retreats From Its High Ahead of Hard Fork

The Bitcoin Doco (2014)

This movie is set in Australia, the country that is looking at Bitcoin as the “future of money”. It features the stories of the first successful Bitcoin startups, miners and retail stores, taking crypto as payment for goods.

Bitcoin: The End Of Money As We Know It (2015)

The film provides a detailed explanation of how Bitcoin can come in handy and what difficulties it is meant to solve. The movie also gives an inside look at e-commerce and features philosophical discussions regarding the future of digital money.

Deep Web (2015)

The movie is a narrative of the anonymous online trading venue Silk Road, its founder Ross Ulbricht, the P2P payment system provided by Bitcoin, and the “deep web” philosophy. The film was first shown during the South by Southwest movie festival in 2015.

Bitcoin Gospel (2015)

This Dutch-made movie is centered around “Bitcoin Jesus” Roger Ver. In particular, the film includes Roger Ver’s interviews in Japan.

In this film, the ideas of other famous Bitcoin supporters are discussed, such as those of Andreas Antonopoulos. In addition, the topic of crypto mining in China is touched upon and analyzed.

Trust Disrupted: Bitcoin and the Blockchain (2016)

A documentary film series based on the “Digital Gold” book by Nathaniel Popper, made for the TechCrunch YouTube channel. Various celebrities and experts of the crypto industry gave an interview for it, including Vitalik Buterin and Roger Ver.

The Bitcoin Experiment (2016)

This film is made in the format of a social experiment, and it discusses whether it is legal to use Bitcoin. The main characters are off to travel around Scandinavia, using only cryptocurrency as payment as they move forward.

The Rise of Cryptocurrency (2017)

The movie is a narrative about the second most popular coin, Ethereum, and its creator Vitalik Buterin.

💼 Related Article
EOS vs. Ethereum: The Bitter Rivalry Re-Examined
🔥 Hot
1 month 1 week
256
EOS vs. Ethereum: The Bitter Rivalry Re-Examined

Bitcoin – Shape The Future (2017)

The first Chinese documentary about Bitcoin, created by the Bitkan trading platform. The story is about the Chinese giants of the BTC ecosystem: Bitmain, ViaBTC, Huobi and Bixin.

Bitcoin Big Bang: l’improbable épopée de Mark Karpeles (2018)

The story of Mark Karpelès, the CEO of defunct exchange Mt.Gox. Back in 2015, after stealing 850,000 BTC ($1.5 bln) from the exchange, Karpelès was arrested. A year after, he was released on bail and is still under investigation. However, he did break his silence.

Trust Machine: The Story of Blockchain (2018)

The film is dedicated to distributed ledger technology. Among the participants are venture capitalist and investor Tim Draper, blockchain expert Vinay Gupta, singer Imogen Heap, Ethereum co-founder Joseph Lublin, hacker activist Lauri Love, and crypto journalist Laura Shin.

Feature films:

Startup (2016)

An American film series. It features FBI special agents that investigate crimes in the financial sphere, including cryptocurrency. Starring Martin Freeman.

Bitcoin Heist (2017)

A Vietnamese action movie about a hacker nicknamed The Ghost, who steals crypto and leaves no trace. The best Interpol agents are after him. Soon they find out that the hackers have no honour.

BitCoin (2018)

A comedy, telling the story of how a fired father leaves his house in the suburbs with a lazy brother in order to convert the Bitcoins they have into hard currency to save their family.

views
👓 Recommended articles
Wikicoin Alex Morris

Top 7 Best Bitcoin Trading Bots in 2018

📚 Wikicoin
Picking the right bot for automated trading may be difficult, but this comprehensive review of the top 7 best Bitcoin trading bots will surely alleviate the task
Top 7 Best Bitcoin Trading Bots in 2018

Trading bots are computer programs that automate the execution of trades on the market. They are extremely useful for beginner-level traders who aren’t capable of making an in-depth analysis of the charts. You cannot solely rely on Bitcoin trading bots, since they may go haywire and bring you substantial loses, but it still an effective tool for backtesting that provides you an ability to thoroughly test out a trading strategy without actually risking your own money.

💼 Related Article
Cryptocurrency Trading Signals, How to Choose and to Use Them
🔥 Hot
5 months
256
Cryptocurrency Trading Signals, How to Choose and to Use Them


It is worth mentioning that trading bots get rather good reception from major cryptocurrency exchanges because they help them reach higher trading volumes and increase liquidity. There are trading bots for both inexperienced and advanced traders. Beginner trading bots are more suitable for individuals without programming skills. The article will focus on different types of bots. 

Top 7 Best Bitcoin Trading Bots in 2018,

CryptoHopper 

CryptoHopper is a Bitcoin trading bot that allows you to engage in automated trading 24/7. It can boast many useful features such as external buy signals from professional analysts who can determine a potentially lucrative investment. 

image


In order to use CryptoHopper, you simply have to link it to an already existing account on any exchange of your choice. Once you’ve done that, you can adjust your trading instruments by accessing your Hooper dashboard. The CryptoHopper bot offers you a big amount of trading approaches that are fully customizable. If you’ve never had any experience of dealing with trading bots, it is advisable to go the CryptoHopper educational sector where you can see all the relevant information about using the bot for employing different trading strategies. 

There is a free trial, and once it expires, you have to pay for one of three premium packages. The priciest solution (‘Master Hopper’) will set you back $99 per month.

ProfitTrailer

ProfitTrailer is one of the most popular bots out there with more than tens of thousands active users around the globe. As of now, the trading bot works with three exchanges– Binance, Bittrex and Poloniex. All you have to do is to buy a license for a program that can be run either on your PC or on a remote VPS server. The former is the most reliable way to use the ProfitTrailer bot, since it eliminates any connectivity issues. However, setting up a VPS server may be a bit challenging for non tech-savvy users.   
image
ProfitTrailer has rather beginner-friendly user interface. The homepage displays all the important information that is required for monitoring your trading activity. In order to see all your holdings, you have to go to the ‘Pairs Log’ tab while ‘Sales Log’ displays everything you’ve sold while using the bot. 

When it comes to pricing, just like with the previous case, there are three packages with prices varying from 0.03 BTC to 0.09 BTC. Hence, the most expensive offer will currently cost you about $590 for three licenses, which is very reasonable compared to other bots.

GunBot

GunBot is yet another advanced crypto trading bot for algorithmic trading that works with numerous exchanges, including Binance and Kraken. The bot allows its users to pick various trading strategies that can be customized according to your personal trading style. These strategies include:

  • TSSL (trailing stop/stop limit),
  • Bollinger Bands,
  • Stepgain,
  • Ping Pong.

Once you’ve picked your trading strategy and a cryptocurrency pair, you can configure the bot using your exchange API for third-party programs. Now you can take advantage of any precoded trading strategy. As mentioned above, it is recommended to run any bot (GunBot is not an exception) on a VPS, since it gives you more stability and flexibility.  
image
Such an extensive set of trading features obviously comes with a price. There are three premium solutions with the price of the cheapest one (‘Gunbot Standard’) being set at 0.065 BTC. ‘Gunbot Unlimited,’ which comes with unlimited access to all exchanges and the TradingView add-on for more strategies, will set you back 0.159 BTC. 

💼 Related Article
3 Best Bitcoin Trading Strategies- How to Trade Bitcoin Profitable
🔥 Hot
4 months 1 week
256
3 Best Bitcoin Trading Strategies- How to Trade Bitcoin Profitable

 

3Commas

Now, we are going to focus on a relatively young Bitcoin bot that has already won over the crypto community. As of May 2018, it had more than 20,000 active users and its average trading volume exceeded $6 mln. It was launched in September 2017 as a pre-funded project. 

The system features three different kinds of bots:

  • simple,
  • short,
  • composite.

Simple and short bots allow you to do only one trading pair at a time (for going long and going short respectively). Composite bots, as their name suggest, supports numerous crypto pairs simultaneously. 

The peculiar thing about 3Commas is that they do not use popular trading strategies like Stepgain and Ping Pong. Instead, it relies on robust TradingViews analysis, but it still may seem underwhelming for ordinary traders. 

The prices are more than reasonable– you get a starter pack only for $25 while unlimited access to all available exchanges will set you back around $84. 3Commas is constantly expanding the list of available exchanges adding integration with Kucoin, CEX and other platforms. 

💼 Related Article
How to Choose a Cryptocurrency Exchange
🔥 Hot
7 months 2 weeks
256
How to Choose a Cryptocurrency Exchange

 

AutoView 

The majority of the abovementioned trade bots are rather expensive, so if you are on a tighter budget and still look for an automated trading solution, then you should probably pay attention to AutoView. This cryptocurrency trading bot is super cheap, but it doesn’t mean that it is inherently bad. 

The AutoView bot comes in a form of a simple Google Chrome extension that gives you an ability to automate TradingView. Gunbot extension, for instance, has more advanced trading features, but they come with a significantly higher price. AutoView is not a beginner-level extension, since it requires users to manually program stop and losses into the script on TradingView. Those who are not good at programming can take advantage of numerous AutoView scripts that are available for free. For example, you can use the MACD indicator that gives you signals for both bullish and bearish MACD crossovers. 

There is a free version of this program with three available exchanges (1Broker, Bitmex Testnet, GDAX Sandbox). ‘Bronze Autoview’, which features Kraken, Binance, Bitfinex along with ten other 
cryptocurrency exchanges  costs only $5 per month. 
 

Haasbot 


Haasbot is the most sophisticated trading bot for true trading gurus. The project was launched in 2015 by Stephan de Haas. Despite the fact that this software has been around for a long time, many Bitcoin owners still haven’t heard about it due to its professional-oriented tools and rather a high price, which makes the product not affordable for run-of-the-mill traders.    
image
Unlike Gunbot or any other aforementioned Bitcoin trading bots, Haasbot puts emphasis on customization (you can create your own dashboard, focus on different indicators and so on). One can choose between trade bots, arbitrage bots and order bots– all of them are extremely easy to set up. Just like in case with AutoView, there are script bots as well, but they require profound C# coding skills.  
     
Haasbot offers three-month, six-month and 12-month licenses for different groups of users. The most advanced plan costs 0.208 BTC. This is definitely one of the most expensive offers on the market, but for slightly more than $1,200 per year, one can get an unlimited access to all HaasBots along with insurances, safeties and a myriad of trading indicators. 
 

Cryptotrader 

Cryptotrader is considered to be the most popular bot for automated trading. This Bitcoin day trading bot is compatible with basically all major exchanges, so you will have a seamless experience of running a GDAX bot or a Poloniex bot.  

On top of that, Cryptotrader has such a major advantage like cloud-based bots, which essentially means that there is no need to install software on your computer in order to run them. 
image
With Cryptotrader, plenty of trading strategies are available for free, but you can still purchase new ones in the market section. Both amateur and professional developers are able to sell the source code for a new trading bot here. There is also a backtesting option for those who want to try out a certain strategy on batches of historical data without actually engaging in trading. While some critics argue that the cryptocurrency market is highly volatile for backtesting giving any relevant predictions, it may still show whether you are on the right path or not.  

The price of any Cryptotrader plan fully correlates with the BTC value. That simply means that you will have to pay more if another Bitcoin bullish trend persists. A total amount of five subscription plans gives you a diversity of choice – from Basic+ to Premium. Those who go for the most expensive offer will be able to run up to 25 crypto trading bots simultaneously, but they have to pay from $200 per month. 

The bottom line 

As you can see, we’ve just reviewed drastically different bots for automated cryptocurrency trading, but all of them can be considered a viable option depending on what kind of trader you are. Hence, it is hard to determine the best Bitcoin autotrader, since the decision solely depends on your personal trading needs. 

There are obscenely cheap offers in the likes of AutoView that require good programming skills. Beginner-level users may play safe and go for 3Commas or CryptoHopper. At the same time, high rollers may consider shelling out $1,200 to pay for the annual Haasbot license. 

💼 Related Article
Cryptocurrency Margin Trading - Explanation for Beginners
🔥 Hot
4 months 3 weeks
256
Cryptocurrency Margin Trading - Explanation for Beginners

Wikicoin
views
👓 Recommended articles