Without any doubts, it is fair to say that most crypto traders without previous experience in trading started their trading journey with trading on actual crypto exchanges. Actually most crypto traders do so even today. More advanced traders probably found asking themselves at some point that relatively simple functionality like take profit or stop loss is missing on all crypto exchanges.
If you were bothered and was looking to solve it, then you would probably find numerous trading terminals that allow you to have full control over the crypto exchange over API and actually have even more functionality. Most popular solutions include GunBot, CryptoHopper, cryptowat.ch.
Apart from the trading terminal, many platforms developed more sophisticated solutions that have other functionality onboard like copy-trading, bots and marketplace for signals, ideas and bots. Some developed into sort of a fund management platform with the ability to invest in a synthetical index or portfolio management platforms with rebalancing features.
In this article, we will examine a number of platforms that allow you to benefit from trading terminals and have a marketplace for bots and copy-trading functionality of other traders.
As you may be aware, in the cryptocurrency industry there are plenty of traders, but very few of them are actually professionals. This non-professional category of traders understand how to maintain their exchange accounts, know the basics of crypto and trading, while trading is not their main business for a living, but rather a hobby. So absence of time is the case for most non-professional traders.
If you find yourself in a similar situation you would be interested in a solution that would do a successful trading for you for a reasonable fee.
Such as crypto traders are not banks in terms of trust they may have. You would be sceptical when trusting someone to manage your funds.
But what would you say if you can get a track record of that person for the past 6 or 12 months? What would you say if that trader is a bot with a track record? Sounds attractive right? So let's look at the platforms listed in the table, including 3commas, Wunderbit Trading, Zignaly, GunBot, SuperOrder, Kryll, Mudrex and CryptoHopper.
As you can see for the table, all these platforms have terminals and marketplace. All platforms mention advanced functionality like take profit and stop loss, all are more or less the same with minor differences. Note, most of them use TradingView charts. So this aspect is covered more or less in a similarly strong way.
Another feature is the marketplace, where differences come into place. Some platforms focus more on copy-trading of users, others on bots. But bots are another niche with its complications. Some platforms tend to use custom ways of bot creation. For example, the visual way of building a bot is neat, but on all platforms like Kryll, it seems underdeveloped. Another way of bots implementation on crypto trading platforms is by having integration of TradingView and automate its alerts like on Wunderbit Trading. This allows you to have as complicated bot settings as you like but requires programming on the TradingView's PineEditor to create a strategy.
Why does it matter for the marketplace? Well if you are on the side of investors (a.k.a. copy-traders, followers) you don't care how bots are built, but you do care how profitable and sustainable they are in their profits, so look at what results platform can offer. But be careful as some platforms, especially with bots on BitMEX, show enormous profits, which is not always true.
Let's talk about pricing. This can be complicated and not obvious on all platforms. Most crypto trading platforms require you to have a monthly subscription. Wunderbit Trading is the only one that does not, you can register and see all statistics, start trading or following a trader or a bot without any payments. It's not absolutely free though, once you get a profit you will have to share it with the trader that made it possible for you. Profit-sharing slice may vary but currently stated at 30% of profits. This is especially attractive for starting investors with small capital as monthly subscriptions will not eat out all your capital. For example, if you have $100 equivalent of cryptocurrency (Bitcoin BTC, Ethereum ETH, Tether USDT) then you would expect an average of 5-10% monthly profit, so in many platforms, it will not cover the subscription fee.
GunBot is especially expensive compared to other platforms but it's also powerful. So if you understand what you are looking for and have a substantial amount of capital then it may be the right choice for you.
Verdict
Premier league includes GunBot and CryptoHopper for their super-advanced trading terminal, bot setups and signals variety. Then, 3commas, Wunderbit Trading and Zignaly are catching up with their reasonable pricing and thus best value offer.
Superorder, Kryll and Mudrex are lagging in their unclear positioning, complexities or underdeveloped functionality.
The only service that offers you even more than that, taking care of fiat investors, Wunderbit – has an exchange, where you can buy and sell bitcoin, as well as other cryptocurrencies with credit card, bank account transfer or Skrill at best rates and lowest commissions.
Best way to start investing crypto in autopilot and make your crypto work is to register and try what is suitable for you.