No matter how much you love crypto, you’ve gotta admit this market is stressful!
If you thought trading stocks was stomach-churning, then you probably haven’t dabbled with altcoins like XRP and Telcoin.
The highs can be “high inducing,” but the lows can make a grown man cry.
That’s where trading bots enter the scene.
The whole point behind trading bots is to take emotion out of your trading.
Since these bots work with pre-set algorithms, you’ll reduce the risk of making an irrational decision.
While these machines aren’t miracle workers, they can take a lot of stress out of crypto investing.
Plus, if you’re already on major exchanges like Coinbase Pro, you should have no issues finding bots that link with your account’s API.
This is one of the main reasons to use an exchange vs a decentralized wallet like Metamask or Trust Wallet.
If you’re interested in using bot trading on Coinbase Pro, then you’ve got to check out the list below.
In this post, I’ll reveal a few hot bots that will work on your Coinbase Pro account.
Wait, I’m Already On Coinbase—Is That The Same As Coinbase Pro?
Coinbase Pro shares all of the high-security standards of plain Coinbase, but it’s not the same thing.
Unlike the user-friendly Coinbase platform, Coinbase Pro is the exchange’s more advanced trading set-up.
You’ll find the same coins on Coinbase Pro, but the experience won’t be as beginner-friendly.
However, once you get a feel for Coinbase Pro, you probably won’t go back to regular Coinbase.
Why?
One word: fees.
While the trading fees on Coinbase Pro aren’t “great,” they’re way better than traditional Coinbase.
Coinbase Pro also gives you more options to set up your trades.
For instance, you could set limit orders on Coinbase Pro.
On regular Coinbase, you must use market orders.
Another bonus feature of using Coinbase Pro is bot integration.
If you don’t already have a Coinbase account, you could click this link.
How Can You Tell A Trading Bot Is Any Good? — A Few Basic Tips
When shopping for crypto trading bots, please set realistic expectations.
If a bot is guaranteeing a specific ROI, walk away.
While trading bots could sharpen your swapping skills, they aren’t money printers.
Heck, if these bots were so spot on, everyone would already be crypto billionaires!
It’s far better to think of a trading bot as a helpful tool.
You don’t need a bot to trade effectively, but it could help manage your risk and achieve your financial goals.
Speaking of financial goals, you must have a clear sense of why you want to add a trading bot to your strategy.
Do you want this bot to help you maintain a long-term holding?
Or, do you want to use a trading bot for more aggressive short-term trades?
Keep your crypto goals in mind to evaluate each bot’s features and user interface.
Ideally, a trading bot should offer a free trial.
It’s also best to invest in trading bots with extensive backtesting tools and “paper trading.” These features help you track your trading strategies without putting money on the line.
While not necessary, it’s also nice to see your trading bot has a lively online community. More social feeds should make it easier to reach out for help.
The Best Trading Bots For Coinbase Pro — Four Options For Crypto Traders
1. CryptoHopper
Pricing: Free to $99 per month
Best for: All experience levels
CryptoHopper is excellent for folks who love “hopping” around various crypto markets.
This Dutch-based bot has a great mix of beginner-friendly features and advanced trading set-ups.
In addition to backtesting and automatic trading, users could take advantage of arbitrage and short-selling.
“Hodlers” also appreciate CryptoHopper’s dollar-cost averaging feature.
Since its founding in 2017, CryptoHopper has grown to roughly 500,000 active members. If you sign up for CryptoHopper, you could easily chat with fellow users or “mirror trade” pros for a fee.
Speaking of fees, you could sign-up for CryptoHopper free of charge.
Amazingly, you can open 20 positions and use CryptoHopper’s portfolio management without paying a gwei!
You could even try the paid “Explorer” package for a free seven-day trial. If you like this lower-tier package, you could join for $19.00 per month.
Given its attractive price, clean UI, and wealth of options, CryptoHopper is arguably the best overall bot for Coinbase Pro.
Pros
- Offers free account and one free week of “Explorer” tier.
- Extensive suite of features for traders of all skill levels.
- One of the lowest pricing schedules.
- Paper trading available.
- Lively social feeds plus “mirror trading” feature.
Cons
- May not offer enough flexibility for advanced traders.
- Some complaints on TrustPilot regarding Customer Support.
2. 3Commas
Pricing: Free to $99 per month
Best for: Fans of feature-rich platforms
Arguably, 3Commas is the most “mainstream” crypto trading bot.
Crypto guru Guy on the Coin Bureau lists 3Commas as his preferred trading bot.
Also, FTX CEO Sam Bankman-Fried invested millions in 3Commas’ platform.
So, there’s no question this bot has some pretty big backers.
What makes 3Commas so attractive to crypto investors?
Smart features!
3Commas has so many intuitive functions that help traders effectively manage risk.
For instance, you could sell portions of your crypto on the way up at predetermined prices and percentages (aka “Step Selling”).
Many traders also love 3Commas’ “Smart Cover” feature to swiftly sell your favorite coin and buy more on a quick dip.
According to recent TrustPilot reports, 3Commas is also one of the most admired trading bots on the market.
Anyone could open a complimentary basic account on 3Commas, and the lowest-paid subscription is $30 per month.
As a cherry on top, 3Commas has a generous referral program.
You could earn a regular crypto commission if you get others to sign up for 3Commas.
So, yeah, definitely share your referral link with friends if you choose this bot!
Pros
- One of the most feature-rich trading bots.
- Integrates with roughly 20 exchanges.
- Strong online community and social trading portal.
- Has the support of crypto billionaire Sam Bankman-Fried.
- 3Commas offers a free account.
Cons
- User interface is challenging for beginners.
- Not ideal for passive hodlers.
3. Shrimpy.io
Pricing: $15 – $299 per month
Best for: Beginners
If you’re intimidated by the UI on sites like 3Commas or CryptoHopper, then Shrimpy.io may be more your speed.
Although Shrimpy.io targets crypto traders, I feel it’s an excellent choice for beginner-level investors.
Why?
For starters, Shrimpy’s interface is straightforward.
Even if you’re a novice to crypto investing, it’s not hard to toggle Shrimpy’s tools for auto-rebalancing, dollar-cost averaging, and backtesting.
Shrimpy is also famous for its social trading feature.
If you’d like to outsource your trading to another Shrimpy user, you could easily do so.
All of these features make Shrimpy an ideal choice for long-term investors or newbies just getting into trading.
However, you will pay for the convenience of this bot.
While Shrimpy has a free demo, you must open an account to use the platform.
Currently, the low-end Shrimpy account is set at $19 per month, and it includes features such as social trading, backtesting, and a max of three portfolios on five exchanges.
Also, as a fair warning, there are some pretty negative comments about Shrimpy’s customer care on TrustPilot.
If you’re going to try Shrimpy.io, I’d recommend opting for the monthly subscription before committing to an annual pass.
This way, if you don’t like Shrimpy, you’ll only be out about $20.
Pros
- Simple user interface for beginners.
- Ability to copy successful traders on Shrimpy’s social page.
- DCA and Smart Rebalancing are fantastic for long-term investors.
- Shrimpy offers a Demo mode for prospective customers.
Cons
- Some users claim the site is buggy.
- No free module.
- Poor reviews for customer service on TrustPilot.
4. Trality
Pricing: Free to €59.99 per month
Best for: Advanced traders or coders
If the above bots were too “basic” for you, try Trality!
Created in 2019, Trality is a trading bot designed with coders in mind.
Indeed, Trality’s defining feature is its browser-based Python Editor.
Here, you could put your Python skills to work as you develop a masterful crypto trading code.
But don’t worry if you don’t have any Python skills. Trality also offers a “Rule Builder” function where you could develop trading strategies without coding.
Both of these functions come with backtesting and paper trading tools to screen your strategy before using it.
On the downside, Trality’s offerings are comparatively less than other trading bots. Currently, this bot only integrates with four exchanges, and there aren’t many extra features.
To be fair, you could copy other traders on Trality’s Marketplace.
Also, Trality says it has plans to expand its offerings as it grows.
A big pro of using Trality is its generous price structure.
Indeed, you could open a free Trality account and trade as much as €5,000.
If you like how this free account works, it’s only €10 per month to bump up your trading volume to €25,000.
While Trality isn’t as beginner-friendly as other bots, it offers advanced coders the most flexibility to craft their crypto trading strategy.
Pros
- Excellent for advanced traders with Python skills.
- Free account available.
- You can test your bot with paper trading.
- Intuitive backtesting tools.
Cons
- Not ideal for newbies.
- Limited selection of exchanges.
- Not as big or well-known as other bot companies.
So, What’s The Best Crypto Trading Bot On Coinbase Pro?
While I can’t choose the best bot for everyone’s situation, I’d wager most readers will enjoy CryptoHopper or 3Commas.
Luckily for you, these platforms offer free accounts!
It’s super easy to add CryptoHopper or 3Commas to your Coinbase Pro account without feeling you’ve “wasted money.”
In addition to their bevy of features, these bots have a long track record of success.
They also have high TrustPilot scores.
However, please only take my recommendations as a starting point for your research.
It’s your crypto that’s on the line, so please take your time!
Take full advantage of every bot provider’s free trial offerings, and always use tools like paper trading before putting your crypto at risk.
As a final warning, please stick with crypto trading bots with a track record for high security.
If a crypto bot seems scammy, it probably is!
Looking for the best cryptocurrency exchanges?
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