As the cryptocurrency market matures, and becomes more popular, so do algorithmic cryptocurrency trading platforms. If you’re new to the concept — these are platforms that allow traders to automate their trading straregies, as well as identify new trading opportunities that are not available when manually trading.

Not all trading platforms are made equal though, and the one you go for probably depends on you individual use case.

Here are some of the best cryptocurency trading bot platforms of 2023, and why you might want to consider them:

1. 

offers a balanced approach between simplicity and customization. It offers several unique features that make it a good choice for new or experienced traders looking to automate their strategies on an algorithmic cryptocurency trading platform.

Pros

• Wide range of Technical Indicators: Over 130 indicators and candlestick patterns empower users to craft strategies that align with their trading styles.
• Sophisticated Strategies: offers market making and arbitrage trading although only on the highest plan.
• Signal Subscription and Copy Trading: Users have the choice to follow trading signals or mimic the trades of profitable traders.
• Backtesting:offers a backtesting tool for users to evaluate their strategies against past market data.

Cons

• Starting tiers are quite limited.
• No Actual automation on the Free Tier.

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2. 

 aims to simplify the process of onboarding new users into trading by offering the ability to copy other, more experienced traders. They also offer Arbitrage trading which is a nice addition on an algorithmic cryptocurrency trading platform.

Pros

• Multi-Exchange Trading Terminal: This feature allows users to place orders across different exchanges, inclusive of advanced options like stop loss, take profit, trailing stop, and more.
• Variety of Trading Bots: From simple single-pair bots to advanced composite bots capable of handling multiple trading pairs, offers a range of options.
• Trading: Users can imitate the strategies of profitable traders, saving time on strategy development.
• Porfolio Overview: A comprehensive view of all investments across different platforms enables effective portfolio management.

Cons

• Subscription costs are relatively expensive compared to some of the other options.
• Most features are locked behind paid tiers.
• Was victim of and API key attack due to previously storing user API keys in plain text. They have since started upgrading their security.

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3. AESIR

AESIR aims to revolutionize algorithmic trading by providing the fastest speed of execution available for retail investors. I actually helped develop and release this tool so naturally I have to include it in this list.

AESIR allows users to combine multiple signals together and create complex “layered” strategies. It also offers copy trading and advanced risk management such as trailing stop loss.

AESIR Pros

• Layered Strategy Creation: Users can build complex algorithmic trading strategies by combining multiple signals.
• High-Speed Tickers: AESIR stands out with its 10-second tickers, ensuring immediate trade execution to capitalize on optimal opportunities.
• TradingView Support: Users can take advantage of the computed Tradingview indicators to easily create complex, confirmed signals.
• Trading: AESIR facilitates the copying of successful cryptocurrency trading bots created by other users. •
• Paper Trading: Users can safely trial strategies in real market conditions using a simulated currency. •

AESIR Cons

• Relatively new platform meaning it’s not as feature rich (yet, but we’re adding more every day)
• Limited choice of Exchanges

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4. Trailty

Trailty offers the possibility for traders to configure, as well code their own cryptocurrency trading bots from scratch and run them on the Trailty platform, simplifying the deployment process for professional algo traders,

Trailty Pros

• Coding and Rule-Based Bot Creation: Users can develop bots using either a Python code editor or a simplified rule builder for non-programmers.
• Backtesting: Trality allows users to test their bots against past market data and also provides risk-free virtual trading. •
• Bot Marketplace: Users can lease or sell their bots on Trality’s marketplace, promoting a collaborative trading environment.

Trailty Cons

• Very Limited tick interval, starting at 1h on the Free tier
• Limited Exchange options

5. UpBots

UpBots is an algorithmic cryptocurrency trading bot platform built bot Decentralised Exchanges. It works by allowing users to create, copy or follow other DeX Bots.

Unlike the others, Upbots does not use a subscription model, but instead charges a % out of the users’ income. Depending on your trading volume, this could be either a pro or a con.

UpBots Pros

• Dex Trading: Upbots allows trading On decentralised Exchanges and offers a series of tools to allow people to make the most of their dex trading.
• Trading Bot Leasing: Users can lease bots developed by successful traders and compensate them using the platform’s native UBXT tokens.
• Learning Resources: UpBots offers educational content and a demo mode to help beginners grasp the basics of trading and the platform’s functionalities.
• Monetization Options: Users can monetize their trading strategies by allowing copiers to duplicate their own bots. Aditionally, users can also stake UBXT for an extra bonus.