The best Bitcoin robots in the market allow you to buy and sell cryptocurrencies in a passive manner.
The robot software in question will subsequently trade Bitcoin based on pre-built algorithms that it is instructed to follow. In this guide, we reviewed the 10 best Bitcoin robot providers to consider in 2023.
Best Bitcoin Robot 2023 List
A list of the best Bitcoin robot providers in the market right now can be found below.
Read on to find our reviews of the above Bitcoin robots.
Best Bitcoin Robot 2023 List
In choosing the best Bitcoin robot for your needs, you will need to research metrics such as past performance, reputation, fees, and supported markets.
Our in-depth research found that the 10 providers reviewed below potentially offer the best Bitcoin robots of this year.
Note: The information contained within the following reviews has been extracted directly from each provider’s website. As such, it is important that you do your own research.
1. Bitcoin Prime – Overall Best Bitcoin Robot for 2023
Bitcoin Prime is a popular cryptocurrency trading robot often trending online on social media and across trading communities.
While there isn’t much information publicly available on this proprietary Bitcoin robot, its website states it allows the user to automatically buy and sell digital currencies without needing to take the time to carry out market research. Moreover, there is no requirement to place any orders, as the Bitcoin Prime robot works in an autonomous manner.
In most cases, Bitcoin Prime will trade BTC/USD, albeit, it will also engage with other pairs if the right opportunity presents itself. To gain access to the Bitcoin Prime software, you will first need to open an account and make a minimum deposit of $250. Then, after activating the robot, Bitcoin Prime will begin trading on your behalf.
There is also a Bitcoin Prime mobile app for those that wish to keep track of their investment while on the move.
In terms of how Bitcoin Prime functions, the platform claims that the robot is governed by artificial intelligence (AI) and machine learning. Finally, Bitcoin Prime does not charge any fees.
If you’re looking for a more detailed analysis of this leading Bitcoin robot, read our comprehensive Bitcoin Prime review as well.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
2. BitIQ – Bitcoin Trading Robot Using AI and Quantum Computing
The team at BitIQ claims to be in possession of high-level software that can outperform the Bitcoin and broader cryptocurrency markets in an autonomous manner. More specifically, BitIQ claims to have built its Bitcoin trading robot through two key technologies – AI and quantum computing. This means that the BitIQ robot will constantly evolve to align with current market trends.
Moreover, as an autonomous trading robot, you will not be required to have any input in the research or order placing process. At BitIQ, you will first need to open an account to gain access to the trading software. You won’t be charged any fees to register or use the BitIQ robot. The platform is simple to use too – so BitIQ could be a great option for beginners.
According to the website, BitIQ also notes that its high-frequency robot is able to place up to 100 trades per minute. Furthermore, the provider claims that its robot has a success rate of 90%. In simple terms, this means that for every 1,000 positions entered, 900 will return a profit. Finally, the BitIQ app claims that withdrawal requests are processed within 5 hours.
Read our longer review of BitIQ.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
3. Bitcoin Motion – Best Crypto Robot for Demo Trading
Selecting the best Bitcoin robot can be a challenging task – not least because it’s difficult to know whether or not the software will make you money. As such, Bitcoin Motion stands out for the fact that it offers a fully-fledged demo platform. In a nutshell, this means that you can test the robot out in simulated trading conditions without risking any real money.
If you find that a specific metric of the robot needs to be adjusted, you can tweak the settings in demo mode to see if this translates into better results. Then, when you are ready to start trading with real money, Bitcoin Motion simply requires you to activate its robot. At Bitcoin Motion, you will first need to register an account and deposit €250 before you get started with either the demo or real trading platform.
There are no fees charged by the platform, and any profits made from a trading day are instantly available to withdraw. Bitcoin Motions claims that all withdrawals are processed in under 24 hours.
When it comes to the underlying technology itself, Bitcoin Motion claims that its robot is backed by AI and ‘sophisticated algorithms’. The robot will allegedly scan the markets 24 hours per day with the view of finding profitable opportunities.
Read our full Bitcoin Motion review for more information on this bot.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
4. Bitcoin Era – Top Bitcoin Robot Software for High-Frequency Trading
Bitcoin Era claims to specialize in high-frequency trading. For those unaware, this refers to a trading strategy that places dozens, or even hundreds of buy and sell positions each and every hour. The overarching objective with high-frequency trading is to make small but consistent profits throughout the day. At Bitcoin Era, you will have access to the platform’s high-frequency crypto robot without needing to do any of the legwork.
This is because once you sign up and meet the minimum deposit of $250 – the Bitcoin Era robot will begin trading on your behalf. You can, however, also make use of the demo platform offered by Bitcoin Era, which allows you to test-drive the robot before allowing it to trade in real market conditions.
For instance, if you find that the risk-reward ratio is too high for your financial goals, you can adjust this with ease. One thing to note about Bitcoin Era is that the platform does not disclose its historical win rate. Perhaps this is a good thing nonetheless, as win rates are often exaggerated by Bitcoin robot providers.
More details on this bot and whether it’s a good investment are covered in our Bitcoin Era review.
5. Bitcoin Revolution – Bitcoin Day Trading Bot Established in 2017
Next up on our list of the best crypto robots is Bitcoin Revolution – which was established in 2017. This crypto day trading robot claims to have a profitability rate of up to 60%. Bitcoin Revolution goes on to note that it suggests reinvesting 80% of retained profits back into the robot to ensure that compound interest is maximized.
The minimum deposit required to get started with the Bitcoin Revolution robot is $250 – and you won’t be charged any funding or maintenance fees. However, there is a commission policy in place, which means that Bitcoin Revolution will retain 2% of all profits that its robot makes for you. For instance, if you made gains of $100 throughout the week, Bitcoin Revolution would keep $2 – subsequently leaving you with $98.
Bitcoin Revolution claims that it only partners with trusted online brokers that are regulated by the likes of the FCA or ASIC. The free Bitcoin bot offered by this provider does not require any prior trading experience. All you need to do is set your trading parameters to align with your goals and risk tolerance, before activating the robot in live market conditions.
Read our full Bitcoin Revolution review.
6. Bitcoin Profit – One of the Best Bitcoin Robots for Mobile Usage
If you’re looking to trade digital currencies in an autonomous manner but prefer to keep track of your investments on your smartphone, Bitcoin Profit is worth considering. This free Bitcoin trading bot has optimized its website to ensure that users can access their accounts conveniently via their mobile web browser.
Not only does this give you the opportunity to see how the Bitcoin robot is performing, but you can adjust the software setting and even deposit/withdraw funds while on the move. You can sign up for a Bitcoin Profit account fee-free – and the registration process takes just minutes.
After creating an account, you will then be asked to make a minimum deposit of $250 or more. It’s best to start off small to ensure that the robot is right for your tolerance for risk. Then it’s just a case of clicking on the ‘Auto Trade’ button – and Bitcoin Profit will begin entering buy and sell positions on your behalf.
For a more detailed breakdown of everything you need to know about this crypto robot, you can read our full Bitcoin Profit review as well.
7. Bitcoin Loophole – Robot Backed by Technical and Fundamental Analysis
Seasoned cryptocurrency traders will make use of both technical and fundamental analysis when researching the market. This simply means taking advantage of pricing trends as well as real-world news. And as such, Bitcoin Loophole is one of the best crypto bots for this purpose, as the provider claims to utilize both the technicals and fundamentals of digital currency.
From your perspective, you will not be required to have any prior understanding of how to research cryptocurrency price movements, as Bitcoin Loophole operates in an automated manner. That is, as soon as you register an account and activate the robot – the software will place orders autonomously.
In terms of the specifics, Bitcoin Loophole requires a minimum deposit of $250 to get started – and the payment is processed by one of the provider’s partnered brokers. When it comes to pricing, Bitcoin Loophole does not charge any registration fees, nor does it take commissions from profitable trades. This Bitcoin robot provider also claims that withdrawals can be made 24 hours per day.
For a more detailed analysis of this Bitcoin bot, you can read our Bitcoin Loophole review today.
8. Bitcoin Code – Advanced Bitcoin Trading Robot App Designed for Beginners
The team behind Bitcoin Code claims that although its underlying trading software is highly advanced, its app interface has been designed with beginners in mind. This means that you can access highly sophisticated trading algorithms without needing to have any prior experience in the Bitcoin industry.
With this robot provider, you will first be asked to register an account and make a deposit of at least $250. Then, you will be required to set up your trading parameters. This will cover core trading variables such as your maximum stake, preferred risk-reward ratio, and drawdown levels. Once you are happy with your account settings, you can activate the Bitcoin Code robot instantly.
You can access your Bitcoin Code via your mobile device or laptop – simply by logging in with your username and password. This allows you to assess how the software is performing in the live markets and whether or not you need to make some adjustments. Finally, Bitcoin Code notes that it regularly updates its software to ensure that it aligns with the broader cryptocurrency markets.
9. QuantumAI – Bitcoin Software That Trades 300+ Crypto Pairs
While many Bitcoin robots only focus on major pairs like BTC/USD and ETH/BTC, QuantumAI takes things to a whole new level. This is because the robot provider claims to trade over 300+ crypto pairs. As such, this crypto robot could be a good option if you wish to diversify your portfolio into a wide range of markets.
At QuantumAI, some of the most popular digital assets that its robot will trade include Zcash, Ethereum Classic, EOS, IOTA, NEO, and of course – Bitcoin. QuantumAI claims that the software is run by a team of experienced investment bankers and hedge fund traders with over 20 years in the derivatives market.
Furthermore, QuantumAI claims that its Bitcoin robot trades CFD (Contracts for Differences) instruments, which means that you will have the option of applying leverage to your positions. In turn, this means that you will be able to trade with more than you have in your account. You should, however, consider the enhanced risks involved when applying leverage. Finally, QuantumAI claims to have a win rate of up to 90%.
10. Immediate Edge – Tailor-Made Bitcoin Robot Trading Service
The final provider to consider from our list of the best Bitcoin robots is Immediate Edge. This crypto robot platform claims to offer a tailor-made experience, insofar that you will initially be guided through the process of setting up your account parameters. This simply means that Immediate Edge will attempt to find out what your trading goals are and how much risk you are prepared to take.
Once this has been established, you can then activate your Immediate Edge robot to begin trading in real market conditions on your behalf. At any given time, you can adjust your account parameters if you find that things aren’t quite going to plan.
An additional thing to note about Immediate Edge is that the software not only specializes in cryptocurrencies like Bitcoin and Ethereum – but plenty of other financial instruments too. This is inclusive of bonds, forex, and commodities – all of which are accessed via leveraged CFDs. Finally, when it comes to pricing, Immediate Edge does not charge any fees – nor will you need to pay commissions on your retained profits.
While not on our top-ten list, NFT Profit is another top-rated crypto bot that claims to offer cutting-edge trading algorithms.
What are Bitcoin Robots?
In simple terms, Bitcoin robots such as Teslacoin allow you to trade digital currency pairs in a 100% passive nature. This is because the vast majority of Bitcoin trading robots are backed by algorithms, alongside cutting-edge technologies like AI and machine learning.
In other words, the robot software will be designed in such a manner that it can scan the Bitcoin markets around the clock – and subsequently place trades when a profitable opportunity is identified. Unlike human traders, Bitcoin robots do not suffer from emotions or fatigue.
As a result, you might find that the best Bitcoin robots in the market will trade 24 hours per day, 7 days per week – which is fully in line with the broader cryptocurrency industry.
How do Bitcoin Bots Work?
By entrusting your hard-earned money with a Bitcoin trading robot, you are allowing the software in question to place investments on your behalf. As such, before parting with any capital, it is wise to understand how Bitcoin robots actually work.
Read on to learn the ins and outs of how this trading space functions.
First and foremost, the best Bitcoin robots will be built via automated technologies that allow the software to trade in an autonomous way. This means that the robot is able to make trading decisions independently – based on the underlying code it has been instructed to follow.
In many cases, this is based on a what-if formula. As a basic example, the robot might be tasked with short-selling Bitcoin if the digital asset falls by more than 3% in the space of an hour.
- The ‘what’ part of the function here is Bitcoin dropping in value by 3% or more in 1-hour or less.
- The ‘if’ function is the short-sell Bitcoin via a market order
As noted earlier, some Bitcoin robots have the capacity to trade via a high-frequency strategy. This could mean placing hundreds of quickfire orders every day.
The best crypto trading robots reviewed on this page allow you to set your own parameters. As we briefly covered earlier, this allows you to customize the way in which the respective robot trades on your behalf.
After all, no two traders are the same, so while some investors will be happy to take on enhanced risk, others won’t.
In choosing your parameters, you will need to think about how much risk you are willing to take per position – for instance, 1% of your trading capital. Similarly, you should also let the Bitcoin robot provider know what your per-trade profit targets amount to, such as 3%.
When reviewing the best Bitcoin robot providers in the market this year, the website claims to create a range of orders on each position.
- For example, the robot might look to buy ETH/BTC when the RSI goes below 30%. It might then place a stop-loss order to limit the risk to 0.5%.
- At the other end of the scale, the Bitcoin robot might set a take-profit order at 2% – based on current market conditions.
- This ensures that trades are always placed with a clear entry and exit target in mind.
As per the above example, let’s suppose that the robot risks $100 of your trading capital. At a stop-loss of 0.5%, the most you could lose from this trade is $0.50. The take-profit target of 2%, if successful, would yield gains of $2.
How to Trade with a Bitcoin Robot
If you’re wondering how the investment process works when using a crypto robot, this section of our guide will show you the ropes with Bitcoin Prime.
Step 1: Register an Account
The first step – as is the case with all of the best Bitcoin robot providers reviewed today, is to visit the official website and open an account.
At Bitcoin Prime, this will initially require your first and last name, email address, and phone number. Then click on the ‘Get Started’ button to proceed to the next step.
Step 2: Deposit Funds
The only way to gain access to the Bitcoin Prime robot – or any trading software for that matter, is to first make a deposit.
- This part of the process will actually be taken care of by the regulated broker that Bitcoin Prime partners you with.
- In most cases, according to the websites – the average minimum deposit requirement is $250 – which is also the case with Bitcoin Prime.
In terms of supported payment methods, most of the brokers that Bitcoin Prime partners with will accept a debit/credit card or bank wire. Some will also accept Paypal.
Note: Due to the enhanced risk involved, it is best to start off with small amounts when using a crypto robot provider like Bitcoin Prime. If you find that the robot is successful for you, only then should you consider increasing your exposure.
Step 3: Set Parameters
As noted earlier, popular crypto robot providers like Bitcoin Prime allow you to customize your trading settings.
This means that you can adjust the specifics surrounding both the risks and rewards of the strategy undertaken by the robot software. If you’re a complete beginner, a good starting point is to target a risk-reward ratio of 1:3.
This means that on each position, the robot will target a profit of 3%, while risking no more than 1% of the total trade stake.
Step 4: Activate Robot
After running the Bitcoin Prime software in demo mode with your customized settings, the final step is to activate the robot.
This means that the robot will go from demo mode into the real cryptocurrency markets. And as such, the robot will begin trading on your behalf with your available account balance.
At any given time, you can adjust the software settings or pause the robot entirely.
Why Should I Use a Bitcoin Trading Robot?
Bitcoin robots won’t be for everyone – so it’s important to consider the benefits of automated trading software before getting started.
The most common reasons why people use Bitcoin trading robots are as follows:
Suited for Trading Newbies
Perhaps the most common factor that draws people to Bitcoin trading robots is the fact that they are designed with beginners in mind. After all, if you have never traded Bitcoin and other cryptocurrencies before, it can take many months to get to grips with the basics.
But, when using a Bitcoin robot, you do not need to have any knowledge of cryptocurrency trading whatsoever. This is because the robot software – which is usually backed by AI, will make all trading decisions on your behalf.
Ideal for Passive Income
The best Bitcoin robots in this industry reportedly allow you to make passive income. This is because the entire investment process is automated. As noted above, your chosen Bitcoin trading robot will scan the markets on your behalf and subsequently place orders when the time is right.
All of this goes on behind the scenes, so you can sit back and allow the crypto robot to do its thing. The only part of the process that requires some input is when you initially set up your trading parameters.
Most of the Bitcoin robots that we came across are very competitive in the pricing department. For example, our Qumas AI review found that it doesn’t charge any fees. Crucially, this is because robot providers typically make their money from the brokers that they partner with.
This is a win-win situation from your perspective, as it means that you can often access the Bitcoin trading robot without paying any registration, maintenance, or commission fees. Take note, some providers in this space do charge fees, so be sure to check this yourself.
Potential Risks of Crypto Bots
It goes without saying that you need to consider the risks involved when using Bitcoin robot providers. Largely, this is because there are many scammers operating in this industry.
For instance, we came across a number of crypto robot providers that claim to make huge returns of 95%. While this sounds great in practice, rarely do such providers back this up with verifiable data.
Another thing to bear in mind is that Bitcoin robots operate in a highly speculative and volatile market.
As such, if your chosen robot doesn’t perform as you had expected, this can result in large losses.
How do I Choose the Best Bitcoin Bot?
In terms of choosing the best Bitcoin bot for your personal requirements, consider the factors outlined below.
The success rate lets you know how many trades have historically returned a profit. For example, if the Bitcoin robot claims to have a success rate of 80%, then this means that in theory, 800 of every 1,000 trades are successful, while 200 return a loss. But these success rates are often unverifiable and therefore cannot be trusted as a reliable statistic.
Leading on from the above section, it is all good and well if your chosen Bitcoin robot provider claims to have a huge success rate.
But, without being able to verify this, these claims are baseless. As such, stick with providers that provide valid evidence of their claims.
When using a Bitcoin robot for the first time, it is crucial to keep your stakes to a minimum. In turn, this will ensure that if things don’t go to plan – you aren’t exposed to large losses.
Therefore, the best crypto robots in the market are those that allow you to get started with a low minimum deposit.
Bitcoin Robot Trading Strategies
When it comes to strategies, this will vary depending on the Bitcoin robot you decide to use.
- For example, many crypto bots will make trading decisions based on the technical data that they have in front of them.
- For example, the robot might be programmed to buy ETH/USD when the price of BTC/USD increases by more than 5% in a 24-hour period.
- Or, the robot might place a sell order on BTC/USDT when 24-hour trading volume decreases by 10% or more.
Other Bitcoin trading robots will also take fundamental research into account by scrapping Google news stories for relevant data.
Are Bitcoin Robots Profitable?
If you’re wondering whether or not Bitcoin robots are profitable, there is no hard and fast answer to this question.
On the one hand, some Bitcoin robots have made attractive gains since launching a service to the public. But, equally, many robots have made consistent losses. After all, there’s always the risk of making a loss when it comes to buy cryptocurrency.
As a result, the best way to assess whether you will make money with a crypto robot is to run the software in demo mode – perhaps for at least a month. This should provide enough data as to the long-term potential of the robot in question.
Costs of Crypto Robot
Most of the providers from our list of the best Bitcoin robots discussed today allow you to open an account for free. Moreover, many providers do not charge any ongoing fees to use the robot.
This is because, as noted earlier, Bitcoin robots often make money from the brokers that they partner with.
However, in some cases, you might find that your chosen crypto robot takes a commission from any retained profit that you make. This will usually be a small percentage of between 1-2%.
Are Bitcoin Bots Legit or Scams?
Make no mistake about it, there are many scam websites operating in the Bitcoin robot scene. After all, it is super-easy to create a website with bold claims of ‘guaranteed profits’ or success rates of over 95%. But, in reality, rarely do these bold claims come to fruition.
On the other hand, there are a selection of crypto robots in the market that do operate in a credible and transparent manner. This is why the research process is so crucial, as this is the only way to separate the good from the bad.
On our top algorithmic trading platforms page, we gave the #1 spot to a regulated crypto exchange operating for over a decade, as it offers copytrading which is similar in practice to using a crypto bot, and safer as funds are held in escrow and insured by the platform.
This comprehensive guide has reviewed 10 of the best Bitcoin robot providers in the market today. Most of the robots discussed on this page will trade multiple digital currencies on your behalf around the clock – which allows you to invest in Bitcoin and other digital assets passively.
However, we must stress the importance of doing your own research in your hunt for the best crypto robots, as there are many scams operating in this space. Moreover, keep your stakes to a minimum to ensure that you are not overexposed to large losses. Start with a minimum deposit and test out the withdrawal process before committing to a larger investment.
Consider diversifying across several platforms – see our guide to algorithmic trading sites for another list of auto trading options.