Trades using cryptocurrencies –which are hyper-volatile assets– occur round-the-clock, unlike traditional markets. This has made it challenging for crypto traders to react promptly to price movement.
This is where crypto trading robots like Quantum AI come in handy. Thanks to the several crypto-based tech innovations in the industry, crypto trading no longer has to be as complicated as it used to be.
What Are Cryptocurrency Robots?
Crypto robots are specialized computer software that efficiently places and manages cryptocurrency trades based primarily on existing regulations.
Automated crypto trading is increasing in popularity as it helps investors understand the intricate algorithms of the crypto market and make informed investments accordingly. In addition, Crypto bots capitalize on market opportunities and swiftly cut down on the time investors spend on monitoring.
Here are some of the popular cryptocurrency bots that are transforming the trading landscape within the industry:
Bit Index AI
Bit Index AI is a cryptocurrency trading robot designed to automate trading by analyzing the market in real-time. It generates crypto trading signals and executes profitable sub-second trades. An AI algorithm powers this crypto trading bot that uses market movement components like price and volume to perform analyses.
Some Of The Advantages Of Using Bit Index AI include:
- Easy deposit methods
- Zero deposit and withdrawal charges
- A high-claimed success rate of up to 85 percent
- Positive independent feedback
- Availability of customer support 24/7 in real-time via email and live chat
Some Of The Drawbacks Of Using This Cryptocurrency Bot Are:
- High minimum deposit
- The success claim rate is not as high as other acclaimed cryptocurrency bots.
Bitcoin Code
Bitcoin Code is a bot with outstanding trade execution speed and an acclaimed success rate of approximately 99.4 percent. In addition, it possesses the same underlying innovative features that other crypto bots portray. For example, it can read market data, analyze the relationships between multiple components – such as volume and price – and mark out optimal sell and buy points.
Bitcoin Code is well known for its mightily magnanimous fee structure as it charges a 2 percent commission on profits while keeping withdrawals and deposits entirely free. In addition, withdrawals are instant for specific methods such as electronic wallets.
The Advantages Of Using Bitcoin Code Include:
- Global reach
- High-claimed success rate
- Low fees
- Fast execution speed
The Few Drawbacks That Come With Using Bitcoin Code Are:
- Charging of traders by associated brokers
- The $250 minimum deposit requirement may be too expensive for new traders
Bitcoin Prime
Bitcoin Prime is a crypto bot that leverages machine learning algorithms to study market data, spot trends, and patterns, and accurately determine favorable entry and exit levels.
The bot relays the trade instructions immediately to a connected broker for swift execution of the trades. This crypto trading bot can scan more than a few bitcoin exchanges when purchasing digital coins. This is to get the best price possible, making Bitcoin Prime suitable for arbitrating trading strategies.
The Advantage Of Using Bitcoin Prime Include:
- Availability of demo account for practice
- 24/7 availability of customer service.
- Excellent choice for arbitrage
- Availability of automated and manual modes for new and veteran traders.
One major disadvantage Bitcoin Prime has is the minimum deposit requirement of $250, which is a considerable barrier to new traders.
1K Daily Profit
1K Daily Profit is another crypto bot that leverages AI-powered technology to scan market data. It identifies strong correlations between multiple variables like volume and price. The bot can predict potentially profitable crypto trades based primarily on these relationships
Users can set the crypto robot to execute trades automatically or utilize signals it creates to take the trades manually. In both instances, 1K Daily Profit assists traders in boosting their profitability and identifying hidden opportunities.
The Benefits Of Using 1k Daily Profit Include:
- 2-factor authentication
- Stress-free sign-up process
- It supports over 15 cryptocurrencies
- AES 256-bit data encryption
- But this bot also has a few drawbacks, such as:
- Access to customer service is only via online forms
- Several negative reviews portray the bot as a scam
Oil Profit
Oil Profit is a crypto trading mobile application that runs powerfully on an AI-powered algorithm on behalf of its users. This bot processes and swiftly assimilates crypto market data, pinpoints profitable trade opportunities, and then creates signals its users capitalize on to make massive profits.
Advantages Of Using Oil Profit Include:
- Mobile application for swift on-the-go crypto trading
- Customizable settings
- Custom crypto trading nodes that accommodate traders, speculators, and investors
- Structure doesn’t require any fee, though brokers may charge
- Zero deposit requirement for unlocking demo account
Here Are The Drawbacks Of Using Oil Profit:
- It trades only bitcoin and no other cryptocurrency
- It is not as popular as other crypto bots on this page.
Conclusion
Lightning-fast crypto analysis capability and prompt action on the analysis ensure profitable trades. Unfortunately, even pro cryptocurrency traders can miss excellent trading signals. But crypto bots will not.
Some of the top cryptocurrency robots can perform lightning-fast analyses and act almost as fast on the analyses to ensure highly profitable trades.