Best Crypto Trading Bots Tier List for 2024 (Ranked D to S)

Sun Jul 14 2024

We rank the top cryptocurrency trading bots for 2024 on a tier list from the lowest to the highest rank.

The cryptocurrency market is showing sings to have bottomed out, meaning things could get interesting from here.

The ranking will take into consideration various factors but overall we’re looking for the overall best platform that can strike the correct balance between the following factors:

• Robust signals and bot builder

• Fast execution capacity

• Ease of use

• Cost
  
  

While the ranking is mostly data-driven, and I will endeavour to provide adequate rationale behind each decision, it is ultimately my own interpretation of the above criteria.

We’re excluding bots like Trality and HaasOnline — even though these have been fantastic tools to use for crypto traders, both have seized operations and are, or will soon no longer be available.

With this as our initial list of contenders, let the ranking commence.

D Tier — bottom of the barrel

Kryll

Kryll is a crypto trading bot platform that promises to do things differently. Now, Kryll definitely delivers on that promise but I’m not convinced that’s a good thing. 

Unlike most other trading bot platforms on this list that charge a simple monthly subscription in exchange for their service, Kryll charges different prices based on how much $KRL you own — their own token.

Whenever a crypto trading bot platform launches a token, that’s immediately a slight cause for concern as the team now have to focus on managing this token in addition to any efforts to improve the service, with the latter sometimes falling by the wayside.

Kryll does have some interesting features, such as their Gem detector — however tools like Aesir offer a lot more control over that.

There is no UI to speak as it seems that Kryll has locked down ahead of a rebrand/relaunch exercise.

Kryll gets a low D ranking.

C Tier — good but flawed trading bots

UpBots

Upbots is definitely a step up from Kryll, and is arguably one of the better DeFi trading bots on the market out there. Similar to Kryll, UpBots launched its own token in order to manage various aspects of is ecosystem — including pricing their service.

As far as ease of use is concerned, UpBots requires you to create a Web3 wallet and acquire some of its utility token before launching any bot, which some users may find a bit challenging to navigate.

Each time you copy or create a bot, you’re required to sign a transaction. Most DeFi bots trade very popular pairs so the DeFi element feels confusing at times.

Still, UpBots offers a simple bot builder, social trading and other useful tools.

The only reason it gets a tier rank is for its implementation of a utility token, which complicated much of the user experience as well as the value proposition.

Pionex

Next up on our C tier is Pionex. Pionex offers a terminal, spot trading and other exchange features since it’s technically a cryptocurrency exchange. It also offers trading bot features.

Having the ability to place orders via the terminal as well as through trading bots is definitely a nice bonus. 

The UI can take a bit to get used to, and the choices of trading bots that you can build seems to be relatively limited.

Another thing worth mentioning is that there are several reviews on their Trustpilot with users struggling to withdraw their funds.

Pionex gets a solid C ranking

Shrimpy

Shrimpy gets a high C ranking for it’s straightforward approach and value proposition. While not technically a crypto trading bot platform, Shrimpy allows users to manage their crypto portfolio in one place.

It offers automatic re-balancing, indexing and stop-loss orders to make life a bit easier for traders, but not fully blown trading bots. 

It’s a great tool for those looking to only automate parts of their portfolio, while managing it in a hybrid manner.

Shrimpy gets a high C ranking on our tier list.

B Tier — good crypto trading bots

Bitsgap

We’re kicking off the B tier with Bitsgap — a crypto trading bot platform that offers 5 distinct trading strategies and allows the user to customize these strategies. 

Those are: GRID, DCA, BTD (buy the dip), DCA FUTURES and COMBO (DCA+ GRID).

Bitsgap has straightforward pricing and a clean UI, making it pretty nice to work with. The only reason it doesn’t rank any higher is due to its limited customization. 

Bitsgap gets a solid spot in the B tier.

Tradesanta

Tradesanta has a similar approach and feel to Bitsgap. Users can choose between DCA and Grid bot types, with the added benefit that they may be Spot fot Futures bots.

Tradesanta feels nice to use, though the UI feels generally better on Bitsgap.

Bots Bitsgap and Tradesanta can’t rank any higher due to their limited customization.

Tradesanta joins Bitsgap on the B tier.

Binance Bots

Finally in the B tier — we have Binance’s own Trading bots. Binance offers automatic rebalancing, auto DCA and grid bots as part of their Binance Platform. They’re definitely not the most customizable bots out there and they seem to only really work for people looking to accumulate over time rather than actually trade.

But it is nice to have that option for people that want it — and they’re free to use which is another bonus.

Binance bots get a B tier ranking.

A Tier — Great Tools

Coinrule

Coinrule takes an A ranking spot due its bot builder. Compared to some of the previous trading platforms, coinrule has a pretty fleshed out bot builder that gives users granular access to indicators and other financial tools in order to build more robust trading bots and generally more customization.

Another cool feature is Coinrule’s Bundles — a collection multiple coins or assets that you can subscribe such as: top 10 by marketcap.

One issue with coinrule is that they charge a monthly fee plus a percentage of your trading monthly trading volume — depending on how much you trade. There are other options out there that don’t eat into your profits.

For this reason, I begrudgingly give Coinrule a place in the A tier.

ArbitrageScanner

ArbitrageScanner is a fantastic and feature rich tool that focuses on Arbitrage Trading. Its focus is to find you arbitrage opportunities in cryptocurrency and help you execute those opportunities across multiple exchanges.

Unlike many of our other tools in this list, ArbitrageScanner has a very narrow focus. It does only one thing, but it does it incredibly well. 

It does come with a significantly higher price tag compared against most other tools that we’ve reviewed.

ArbitrageScanner gets a high A tier ranking due to its high cost , but it’s definitely S tier material otherwise.

S Tier — best crypto trading bots

CryptoHopper

CryptoHopper is a general purpose crypto trading bot platform that allows users to create various trading strategies with a good amount of customization.

It offers a trading bot builder, Social Trading as well as arbitrage trading. It’s bot builder is not the most advanced but more than makes up for it with its advanced arbitrage features.

Naturally, you can paper trade your strategies before taking them live.

CryptoHopper is slightly more expensive than Aesir or 3Commas but is a great tool nonetheless.

Cryptohopper gets a solid S ranking.

3Commas

3 Commas brings a Smart Trade terminal, smart cover and grid bots to the table. 

It offers social trading as well as an automatic re-invest feature and multiple coin DCA.

3Commas is an advanced, feature rich tool and my only criticism is that the UI is in dire need of attention. Due to its features, even setting up a simple DCA bot you’re faced way too many options to easily create a bot.

3Commas gets a lower S ranking.

Aesir

Aesir is the culmination of all these tools combined. We spent over 3 years developing Aesir, taking into account the current state of the algorithmic trading market. 

Aesir is a cryptocurrency trading platform that strikes the most natural balance between ease of use, customization, and social mechanics. 

Aesir works by allowing the user to build “logic layers” — these are logical conditions when a bot should start executing a trade. They’re called logic layers because you can stack them on top of each other.

You can use raw or computed indicators, deeply nested conditions as well as a unique volatility scanner designed to detect surges across the entire market.

 

Aesir does all this while remaining user friendly, and with Social Trading features out of the box — it’s really easy for users to onboard and get started.

You can get started with Aesir here.