The Best Free Crypto Trading Bots for Beginner Traders

Free crypto trading bots for beginners - the best tools to automate cryptocurrency trading.

In this blog post, we will explore the best free crypto trading bot apps that are perfect for beginners in the world of cryptocurrency trading.

We will discuss their features, ease of use, and how they can help automate your trading strategies.

Whether you’re new to crypto trading or looking to enhance your trading experience, this post will provide valuable insights into the top free trading bot apps available in the market.

With the growth in popularity of cryptocurrencies like Bitcoin and Ethereum, more people are looking to get into crypto trading. However, manually trading these volatile assets can be difficult for beginners. This is where crypto trading bots come in handy.

Trading bots are software programs that integrate with major crypto exchanges and make trades on your behalf automatically 24/7. They utilize indicators and algorithms to analyze the markets and place buy and sell orders to capitalize on price movements.

But many of the advanced bots out there require significant upfront investment and technical skill to operate. In this post, we will look at 5 of the top free crypto trading bots that are beginner-friendly to help you get started.

What to Look for in a Beginner Crypto Trading Bot

When you’re just testing out automated trading, a free crypto bot with basic functionality is all you really need. Here are some key features to look for:

  • Easy setup and configuration
  • Works across multiple exchanges
  • Provides backtesting and paper trading
  • Allows simple strategy building
  • Has trading safety features like stops

Our Picks for the 5 Top Free Crypto Bots

1. 3Commas

Without a doubt one of the most popular platforms out there, 3Commas provides access to advanced trading features through an intuitive online dashboard. It works with all major exchanges like Coinbase, Kraken, KuCoin, and Binance.

We like 3Commas for beginners because of its straightforward pricing model. The starter plan is actually free and includes:

  • Access to exchange bots
  • Paper trading simulator
  • Chrome extension trading dashboard
  • Basic auto trading
  • Smart selling based on technical indicators

The free plan allows you to connect up to two crypto exchange accounts and trade using a couple of bots. While limited, it’s enough to learn the ropes of automated crypto trading.

2. Cryptohopper

Cryptohopper is another cloud-based solution with an easy to navigate online platform. What sets it apart for beginners is the availability of external content and strategy templates that users can subscribe to for enhancing their bots.

Some other useful free features are:

  • Backtesting tools to evaluate your strategy
  • Easy to configure triggers and safety tools
  • Active community and learning resources

While the paid plans are quite expensive for newbies, Cryptohopper allows new users to sign up and familiarize themselves with the platform using a free account. Overall, great for dipping your toes in the waters of algo-trading.

3. Bitsgap

Bitsgap focuses heavily on providing an approachable interface even for those with zero trading experience. Some perks for novice users are:

  • Clean and distraction-free interface
  • Demo trading using virtual currency
  • Copy trading to match strategies of experienced traders
  • Trailing take profit automation

The starter 14-day pro trial lets you take advantage of all features free of charge initially. If you eventually wind up needing more advanced tools, Bitsgap has plenty of options available.

4. Shrimpy

Shrimpy is one of the most unique free trading bots around for beginners in our opinion. While most algo-trading platforms utilize active trading strategies for buying low and selling high, Shrimpy is a passive portfolio automation tool.

It works by continually rebalancing your portfolio across all your linked exchanges and wallets based on allocation targets you define.

Why we recommend Shrimpy for crypto investing newbies:

  • Easy portfolio diversification (index fund-like)
  • Automate periodic buying of crypto
  • Maintain target allocations
  • 14-day free pro trial

The simple set-it-and-forget-it approach helps mitigate risk for new traders. Rebalancing also ensures you don’t miss out on the long-term growth potential of cryptos.

5. TrailingCrypto

If you want to get your feet wet with technical trading, TrailingCrypto is likely one of the most immediately actionable free bots you’ll come across.

It focuses specifically on a trading technique called trailing stop loss to ride uptrends in crypto. Some advantages for beginners here include:

  • Conceptually simple trailing stop loss automation
  • Free access to full platform features
  • Easy Telegram and email notifications
  • Take profit orders to capture gains

Since the platform centers around just a couple of trading features to follow trends, it’s easier to wrap your head around as a crypto trading beginner compared to bots that have complex settings and strategies you can program.

Getting Started With Crypto Algo-Trading

free Crypto Trading Bot

The great news is there are plenty of options available today for traders looking to dive into automated bots without spending big bucks upfront. The platforms we covered above represent some of the easiest and user-friendly apps to get your feet wet.

However, while these free crypto trading bots are good for learning, they often include limitations on features, historical backtesting capabilities, number of supported exchanges, and max number of trading pairs.

So explore some free trials to discover your preference, but also be willing to commit to a paid subscription if you want to utilize auto-trading more extensively. The monthly fees give you more resources to craft effective strategies tailored to your risk tolerance and goals.

Over time, sticking with algorithmic trading systems often leads to smoother returns and profitability versus trading manually based on emotion and guesswork. But getting started requires finding the right free crypto bot that resonates with you as a beginner trader. Choose wisely and happy hunting!

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