The cryptocurrency market is showing signs of bottoming out, which means things could be about to get interesting.

The ranking will take various factors into account, but in general we are looking for the best platforms that strike the right balance between:

• Powerful signal and robot builder

• Fast execution capability

• Ease of use

• cost

While the rankings are primarily data-driven, and I do my best to provide strong reasons for each decision, this is ultimately my interpretation of the criteria listed above.

We excluded bots like Truality and HaasOnline – although they are fantastic tools for cryptocurrency traders, they have both ceased operations and will no longer be available now or soon.

We used this as our initial list of contenders and began ranking them.

D-Level – Bottom Level

Creel

Kryll is a cryptocurrency trading bot platform that promises to do things differently. Now, Kryll has certainly delivered on that promise, but I don’t think it’s a good thing.

Unlike most of the other trading bot platforms on this list that charge a simple monthly subscription fee in exchange for their service, Kryll charges different prices depending on the amount of $KRL (their own token) you own.

Whenever a crypto trading bot platform launches a token, this immediately raises some concerns as the team now has to focus on managing this token as well as working on improving the service, which sometimes gets cast aside.

Kryll does have some interesting features, such as their gem detector - however tools like Aesir offer more control over this.

There is no UI available as it looks like Kryll has locked it down ahead of the rebranding/re-launch event.

Kryll is ranked D.

Grade C – Good but flawed trading robot

UpBots

Upbots is definitely a cut above Kryll and is arguably one of the best DeFi trading bots on the market. Similar to Kryll, UpBots launched its own token to manage various aspects of the ecosystem — including pricing for its services.

In terms of ease of use, UpBots requires you to create a Web3 wallet and acquire some utility tokens before launching any bots, which some users may find a bit difficult to navigate.

Every time you copy or create a bot, you will need to sign a transaction. Most DeFi bots trade very popular currency pairs, so the DeFi element can sometimes be confusing.

However, UpBots offers a simple bot builder, social trading, and other useful tools.

The only reason it gets a tier ranking is because it implements a utility token, which complicates much of the user experience and value proposition.

Paian

Next up is Pionex in Tier C. Pionex offers terminals, spot trading, and other trading features since it is technically a cryptocurrency exchange. It also offers trading bot functionality.

Being able to place orders through the terminal as well as trading robots is undoubtedly a nice benefit.

The user interface may take a little getting used to, and the selection of trading bots you can build seems relatively limited.

Another thing worth mentioning is that there are many reviews on Trustpilot stating that users have had difficulty withdrawing their funds.

Pionex receives solid C rating

Dried Shrimp

Shrimpy received a high C-rank for its straightforward approach and value proposition. While Shrimpy is not technically a cryptocurrency trading bot platform, it allows users to manage their cryptocurrency portfolios in one place.

It offers automatic rebalancing, indexing, and stop-loss orders, making the trader’s life a little easier, but it is not a fully-fledged trading robot.

This is a great tool for those who just want to automate part of their portfolio and manage it in a hybrid way.

Shrimpy received a high C-rank in our tier list.

Grade B – Excellent Cryptocurrency Trading Bot

Bitsgap

We will be launching Layer B through Bitsgap - a crypto trading bot platform that offers 5 distributed trading strategies and allows users to customize these strategies.

These are: GRID, DCA, BTD (buy the dip), DCA FUTURES, and COMBO (DCA + GRID).

Bitsgap has simple pricing and a clean user interface that makes it very easy to use. The only reason it is not ranked higher is because of the limited customization capabilities.

Bitsgap holds a solid position in the B-Class.

Santa Claus

Tradesanta is similar in approach and feel to Bitsgap. Users can choose between DCA and Grid bot types, and they can also be spot or futures bots.

Tradesanta feels good to use, but Bitsgap's user interface feels better overall.

The robots Bitsgap and Tradesanta could not be ranked higher due to limited customization.

Tradesanta joins Bitsgap in Tier B.

Binance Robot

Finally on layer B - we have Binance's own trading bots. Binance offers Auto Rebalance, Auto DCA, and Grid bots in their Binance platform. They are definitely not the most customizable bots on the market, and they seem to only be suitable for those who want to accumulate over time rather than actually trade.

But for people who need the option, it’s good to have it — and the fact that they can use it for free is another bonus.

Binance Robot received a B ranking.

Grade A - Excellent tool

Co-governance

Coinrule received an A ranking for its bot builder. Compared to some of the previous trading platforms, Coinrule has a fairly sophisticated bot builder that provides users with granular access to indicators and other financial tools in order to build more powerful trading bots and generally with more customization.

Another cool feature is Coinrule’s Bundles – collections of multiple coins or assets that you can subscribe to, for example: the top ten coins or assets by market cap.

One problem with Coinrule is that they charge a monthly fee, plus a percentage of your monthly volume (depending on how much you trade). There are other options that won’t eat into your profits.

For this reason, I reluctantly rank Coinrule as A-rated.

Arbitrage Scanner

ArbitrageScanner is an excellent and feature-rich tool that focuses on arbitrage trading. Its focus is to find arbitrage opportunities in cryptocurrencies for you and help you realize them across multiple exchanges.

Unlike many of the other tools on this list, ArbitrageScanner has a very narrow focus. It does just one thing, but it does it extremely well.

It does cost a lot more than most of the other tools we’ve reviewed.

ArbitrageScanner gets an A-rank due to its high cost, but other than that it's definitely S-rank material.

S-Class — Best Cryptocurrency Trading Bots

CryptoHopper

CryptoHopper is a general purpose crypto trading bot platform that allows users to create a variety of trading strategies with a ton of customization capabilities.

It offers a trading bot builder, social trading, and arbitrage trading. Its bot builder is not the most advanced, but it makes up for it with its advanced arbitrage features.

Of course, you can paper trade your strategy first before actually implementing it.

CryptoHopper is a little more expensive than Aesir or 3Commas, but it’s a great tool regardless.

Cryptohopper received a solid S-rating.

3Commas

3 Commas brings smart trading terminals, smart covers and grid robots.

It offers social trading along with automatic reinvestment functionality and multi-currency DCA.

3Commas is a feature-rich and advanced tool, the only criticism I would have is that its user interface is in dire need of improvement. Due to its capabilities, even setting up a simple DCA bot leaves you with too many options to easily create one.

3Commas received a lower S rating.

Asir

Aesir is the culmination of all these tools. We spent more than 3 years developing Aesir, taking into account the current state of the algorithmic trading market.

Aesir is a cryptocurrency trading platform that strikes the most natural balance between ease of use, customization, and social mechanics.

Aesir works by allowing users to build “logic layers” — these are the logical conditions under which the bot will start executing trades. They are called logic layers because you can stack them on top of each other.

You can use raw or calculated indicators, deeply nested conditions, and a unique volatility scanner designed to detect market-wide surges.

Aesir achieves all of this while still remaining user-friendly and having social trading capabilities out of the box, making it very easy for users to join and get started.