There are two different ways to make money from cryptocurrencies. One requires little effort, like HODLing or earning a passive income on the coins you hold. The other more proactive way is to increase the value of your crypto assets and actively trade your coins.Cryptocurrencies have high volatility, they get traded 24/7 across hundreds of exchanges and creates unlimited opportunities for those that can catch them. On the other hand, trading is a very challenging activity, in fact, only few traders are willing to spend hours in front of a black screen analyzing dozens of charts every day.Using a crypto trading bot allows everyone, normal investors as well as professional traders to trade cryptocurrencies, trying to get the best out of the opportunities provided by the market trends every day.Just like getting started with Crypto can be difficult, also choosing which trading bot to use to manage your crypto wallets is not so straight forward. To help make the best decision here’s for you the ‘Three best crypto trading bots’ currently on the market.CoinruleCoinrule is a Smart Assistant to build a complete trading bot in just a few minutes. Leveraging on its unique If-This-Then-That approach, Coinrule welcomes all kinds of users, even those without advanced trading experience. The trader can plan the strategy adding one block at a time. A series of operators to connect each block gradually give the strategy a clear structure that can satisfy all possible trading needs.The stated mission of the Company is to provide everyone with the right tools to fight back more advanced traders and funds on the market. The crypto market is a very challenging arena to be trading in, especially for those that are entering trading for the first time. Coinrule can offer an exciting way to get started with automated Trading, even without having advanced trading skills. The company produces educational content regularly and offers further support to users in need of help.User ExperienceYou may have tried many crypto trading bots, and so did we. The biggest challenge was first to be able to understand how the platform works, and then how to set up the parameters of the strategies correctly.Coinrule is somehow different from all the other trading bots on the market. In fact, It’s not easy to provide a wide range of trading strategies without compromising the user experience. Coinrule does it!The interface is designed to welcome traders with different levels of expertise, focusing on those with less advanced trading experience. There is no complicated language on the platform. Everything is explained in plain English, which makes sure everything is carefully described to help users to structure the best strategy. The If-This-Then-That logic plays a crucial role in making Coinrule probably the most user-friendly automated platform on the market.The dashboard features a handy tool to keep track of all the coins the trader holds in his multiple connected wallets. That unified view provides useful information about the real-time value of the wallets. Given that a set of strategies could buy and sell coins at any moment, having a clear understanding of the allocation of the wallets at any time is a measure of security and strengthens the confidence in using Coinrule.Trading StrategiesCoinrule allows for a wide range of trading strategies. Users can choose among over 150+ trading templates, from Dollar-Cost Averaging to Trend-following and Contrarian rules.One special feature of the platform is the possibility of running a strategy for multiple coins. With a single rule you can cover all the coins available on the market, only the coins in your wallet or you can add personalised filters to reduce the tradable universe. Thanks to this option, the trader can build rules like a Portfolio Stop Loss or Buy-the-Dip on any coin traded on the exchange, i.e. a rule such as ‘If any of my coins has price decrease by x, buy…’. That significantly increases the opportunities that the bot can catch at any time.When the user creates a rule, you first select what will trigger an execution. That could be a specific condition on one or more coins, or the order can be scheduled according to a pre-defined time period. Another interesting new option is to launch the order directly to the market. A user can build automated trading strategies with Coinrule, but he can also use the platform to execute trades directly on the exchange leveraging the seamless user-friendly interface.Coinrule also offers a Demo exchange with a virtual allocation. Testing how the strategy would perform in real market conditions enables the trader to add useful improvements to the strategy without risking capital. The Demo exchange mirrors Binance to improve the reliability of the reported performances. All prices come from the exchange, real time, just like it would be the case with a live rule, so the executions are as precise as possible.CostCoinrule offers a free plan with few limitations that allow taking advantage of most of the functions on the platform. Other, more advanced features like technical indicators and ultra-fast order execution are available on Premium plans.The pricing ranges between $29.99 to $249.99 for a Pro version of the platform. The subscriber can reduce these costs by choosing an annual subscription.It’s worth mentioning that Coinrule does not charge additional fees on the service. The platform does not add any fees on trades.CryptohopperThe list of platforms that offer crypto trading bots is quite long, and almost all of the shortlists include Cryptohopper. Cryptohopper offers a wide range of features that satisfy even the most demanding traders. One of the most notable advantages of using Cryptohopper is the flexibility of advanced trading strategies that the trader can put in place with the platform.User ExperienceThe design of the platform is well implemented. The trading interface of Cryptohopper is relatively clean, and the trader will find all the relevant features and data related to his strategies where he would expect it. On the other hand, given the large number of features that the platform offers, sometimes it gets complicated to have a quick overview of everything that is going on with the bot.Traders can easily select one of the available trading templates offered by the platform, or they can rent one of the available strategies developed by other users in the marketplace. In a few clicks, the strategy will be running live on the selected exchange.When it comes to creating a strategy from scratch, at a minimum an intermediate level of trading experience is advisable. Cryptohopper offers a lot of options that allow the strategies to become very advanced, but that requires a good understanding of the parameters that the trader has to fill in in each field.In conclusion, at some point the user experience can become quite intricate and complicated, especially for beginners, but that depends mostly on the nature of the advanced features that the platform offers rather than on limitations of the interface.Trading StrategiesAs we mentioned, Cryptohopper is a best-in-class trading bot considering the options offered.The trader can build a tailor-made trading strategy based on the most common technical analysis indicators. When setting up a trading system from scratch, it’s possible to set the entry and exit points of the strategy precisely. The most demanding traders will appreciate the possibility of adding trailing stops to manage trades in profit.If the trader doesn’t yet have a clue where to start with trading bots, he will find another good option on Cryptohopper:The platform features a marketplace of strategies that can be rented out by traders. Some of these are free, and others require a fee. It’s possible to read the reviews for each strategy. Nonetheless, a more detailed reporting of the historical performances would be useful for the user to browse while looking for the right trading bot.Another way to run a trading bot without the need to configure any parameter is to connect the trading system directly to a signal provider. Cryptohopper has a long list of partners, mostly telegram groups. All the trader needs to do is to plug the signals into the strategy and launch it.CostCryptohopper doesn’t have a free plan. The user can try it for a limited trial period, but then is required to shift to a paid plan to keep using the platform. The cost ranges from $19 to $99 with different numbers of maximum positions or tools allowed depending on the plan.ShrimpyThe general idea about Trading is to develop sophisticated strategies based on complicated indicators. Investing is considered a less active approach but rather a way to implement a more long-term strategy that is not affected by the daily volatility of the coins. It starts with defining a starting asset allocation for your wallet based on your own preferences. Then, you will rebalance your holding based on how the value of your assets evolves over time.With that in mind, we can consider Shrimpy as an automated crypto Investing platform which lets you manage your holdings periodically as if you were running a crypto index fund. Beginners can follow other investors’ strategies and most of the time only automate their wallet rebalancing.User ExperienceShrimpy features an easy to use interface that makes it easy to build a personalised crypto portfolio in just a few steps. That makes Shrimpy a solid option for those who don’t want to actively trade their holdings but instead prefer to manage their wallet with a long-term asset allocation logic.The User journey is very straightforward and users can connect their exchanges in just a few steps and set up the allocation of their wallet right away. The design of the pages is clean and all the relevant features are correctly outlined.Trading StrategiesAs we noted, Shrimpy doesn’t offer advanced or sophisticated trading strategies. The product focuses on rebalancing the portfolio allocation of your coins and it manages to do so pretty well!Shrimpy offers two different ways of rebalancing. One is time-based, the other is the threshold rebalancing.Choosing the first option, you will give instructions to the bot to bring back the allocation of your coins to the original percentage set at the beginning. For example, you can define a wallet allocation in this way:40% Bitcoin30% Ethereum30 % MoneroBased on the frequency of the rebalancing, the bot will sell or buy the precise amount of coins to make sure that the percentage of allocation of these coins matches the original setup.The other type of portfolio rebalancing triggers not based on a preset time interval but executes the orders when a certain threshold is reached. This method seems to be particularly useful and, in some cases, more efficient than the time-based one. With that method, Shrimpy will rebalance the wallets only once the coins diverge from the target allocation by a certain amount you define (e.g. 20%).From the example above, imagine that at any given point Monero deviates by the 20% set threshold. The bot will then sell the excess amount of Monero and will allocate the proceeds across the other coins to reach the original desired allocation. The advantage of this approach is that the rebalancing happens only when it’s actually needed. The user can save transaction fees on unnecessary trades.Build your own ETFIn traditional financial markets, investors piled into passive strategies that seek to track the main index benchmarks over recent years. The idea is that if the broad market is poised to go up in price, there is no need to pay expensive fees for active strategies that risk underperforming the market. Considering the considerable long-term growth potentials of the crypto market, a more conservative approach could be to perform just like the broad market, without trying to outperform as it could also potentially lead to underperformance.Crypto is still waiting for the long-awaited approval of a Bitcoin ETF, but you can build your own passive index fund using Shrimpy. Using Shrimpy’s indexing tool, you can create your index fund. The default settings show the top 10 coins on the market, but you can add any coin of your choice to personalise it according to your specific needs.You can choose between Market Cap Weighting and Equal Weighting. That really depends on your preferences. A weighting based on Market Cap will assign much higher allocations to the top three coins, and especially to Bitcoin. But if you want to run a more “conservative” approach that would make sense.Investing using an Index logic has two main advantages. The first and more obvious one is that you will diversify your wallet very easily with a relatively low cost. More interestingly, you will also take advantage of the Survivorship Bias. Only the best coins will reach the top and will be included in the index, on the opposite side, those underperforming will drop in price and consequently will be excluded from the index.Other FeaturesShrimpy also has some other nice features that enhance the trading experience.You can backtest your allocation before applying it to your wallet. Of course, since rebalancing is not a trading strategy based on signals and indicators, that reduces the reliability of the results. The future return depends heavily on how the coins in the wallet will perform and historical data can provide only limited guidance on that.If you don’t have an ideal portfolio and you are not sure which coins to buy, you can also rely on the social trading component of the platform. Users can make their allocation public and you can copy their wallet and all their rebalancing choices for a low cost. Many users will find this option particularly appealing.CostShrimpy only offers one paid plan and its pricing changes based on the length of the subscription. $19/month is the base cost if you pay monthly. That is reduced to $16/month for bi-annual subscriptions, and if you pay annually, the price is reduced further to $13/month.ConclusionsAll these three crypto trading bots are a reliable solution if you are looking for a way to automate your Trading and manage your crypto wallet in a more advanced way.Cryptohopper is an advanced option for professionals that represents probably the most comprehensive offer in terms of features currently on the market. The platform doesn’t look very accessible for beginners and those that don’t have a solid background of Trading.Shrimpy is the best option if you are not looking for an advanced trading strategy, but instead prefer to manage your crypto holdings more conservatively — rebalancing is the only strategy available. Keep in mind that, considering the high risk involved with Trading Cryptocurrencies, more conservatively doesn’t necessarily mean less profitable.Coinrule is the most user-friendly crypto bot currently on the market. Users can launch a rule on the market within a minute, even with little-to-no previous experience with Trading. There is plenty of flexibility to satisfy the most different user needs. The New Demo Exchange provides a safe environment where traders can test strategies with no risk.The Capitalhttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/hrefThe 3 Best Crypto Trading Bots 2020 was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.