Investors are now using futures bots to maximize their trading success. According to reports, more than 38% of users are currency-using crypto bots for trading, and the number is increasing. If you select the right AI crypto bots and platforms, you can make money as well without in-depth knowledge of crypto trading. Besides, a crypto futures bot can help you buy or sell crypto when you are offline. Crypto futures bot can be a real game changer for traders. Keep on reading for detailed information. 

What is a Crypto Futures Trading Bot? 

Crypto future bots are computer programs that trade cryptocurrency futures automatically. They use rules and algorithms to make trading decisions. These bots can buy and sell crypto futures contracts without human input. The main goal is to make profits from price changes in the crypto market. Some people use these bots to trade 24/7 without watching the markets themselves. 

To use crypto futures bots, you have to choose a reliable crypto trading platform. Traders can invest in future contracts through a crypto trading platform like PrimeXBT. The platform allows crypto traders to participate without needing substantial capital. How? If you use the promo code PRIMEOTT, you will receive a +7% bonus on your deposit. Join Prime XBT now before the offer finishes. 

List of Popular Crypto Futures Bots: According to User Reviews 

1. 3Commas

3Commas is a versatile trading bot platform. It automates the execution of TradingView signals on leading exchanges like Binance, Bybit, and Kraken. 

Traders can customize their strategies. The platform offers position management and backtesting tools. Users can enjoy a 25% discount for annual subscriptions. Its comprehensive features make it ideal for traders. 

2. Binance

You have already heard the name of the platform. Binance’s extensive array of over 107,000 trading bots caters to both spot and futures trading. It is particularly effective for short-selling futures with leverage up to 125x. 

The platform supports major and minor crypto pairs. The best part is Binance bots can be customized and provide quick setup. If you are a beginner in the crypto trading field it will be helpful for you. The combination of a wide strategy selection and low fees makes Binance a strong contender for automated futures trading.

3. Bitsgap

The next one on our list is Bitsgap. The platform specializes in offering automated futures trading strategies. 

It combines advanced take-profit and stop-loss mechanisms to manage trading risks effectively. Bitsgap offers a 7-day free trial, allowing users to test its performance in demo conditions. Subscription plans start at $29 per month, with higher-tier plans offering more features. Its compatibility with major exchanges like Binance and Bybit.

4. OKX

OKX provides a vast selection of in-house futures trading bots without any upfront fees. Instead, it charges a 20-30% profit-sharing commission on net gains. 

The platform supports 100x leverage on hundreds of futures markets. OKX is well-known for its grid trading systems. The platform is ideal for traders looking for cost-effective and profitable futures trading.

5. TradeSanta

TradeSanta allows users to deploy an unlimited number of futures bots and strategies, with support for exchanges like Bybit, Kraken, and Binance. It offers grid trading and dollar-cost averaging bots, as well as custom ones. This is why it is best for both beginners and expert traders. 

TradeSanta’s Maximum plan, required for futures trading, costs $90 per month or $45 per year. The platform’s proprietary trading dashboard and comprehensive features make it suitable for traders looking to manage multiple bots simultaneously.

6. Bybit

Bybit offers one of the most extensive selections of trading bots. The bots support over 100 futures markets. These bots are created by users. You can filter by performance metrics. 

Bybit does not charge any upfront or profit-sharing fees, allowing traders to keep 100% of their returns. With leverage up to 125x, Bybit bots can be used for both high-risk and conservative trading strategies. The platform’s easy-to-use interface and comprehensive data make it a good choice for automated futures trading.

7. Algobot

Algobot is ideal for traders seeking automated futures trading on popular coins like Bitcoin, Ethereum, and XRP. It supports both perpetual and delivery futures. It also offers pre-built strategies for various time frames. With an impressive win rate of over 82%.

 Algobot ensures trades are executed efficiently without requiring user intervention. The bot also includes comprehensive risk management features. It is compatible with most major crypto exchanges.

8. KuCoin

KuCoin’s comprehensive trading platform supports both spot and futures markets, with leverage of up to 100x. It offers a variety of custom and pre-built bots, specializing in small-cap tokens and niche markets. KuCoin’s bots include strategies like grid trading and dollar-cost averaging. 

The platform is user-friendly and integrates well with major exchanges. Traders looking to explore diverse futures markets will find KuCoin an excellent choice with its no-fee futures bot deployment.

9. Phemex

Phemex offers a range of pre-built trading bots. It offers strategies for meme coins like Shiba Inu and Dogecoin. These bots often utilize leverage between 20x and 50x. 

Phemex bots are easy to use, making them accessible for traders without prior experience. The platform charges standard trading commissions. This is why it is best for high-risk, high-reward traders.

10. WunderTrading

WunderTrading specializes in futures spread trading, offering a low-risk strategy by taking advantage of price discrepancies. The bots are compatible with numerous exchanges, including Bybit, OKX, and Binance. 

WunderTrading plans start at an affordable $4.95 per month, with a 30% discount for annual payments. The platform supports both custom and pre-built strategies. For conservative traders, WunderTrading offers cost-effective spread trading.

Things You Should Consider While Choosing the Right Crypto Futures Trading Bot

According to expert traders, while choosing futures bots, you have to consider a few things. It includes:

• Choose a bot that aligns with your risk tolerance and trading goals. 
• Ensure the bot supports your preferred trading time frame (Whether it’s scalping short-term movements or swing trading longer trends)
• The bot should have a strong uptime record and adhere strictly to its programmed strategy.
• Check if the bot is compatible with your preferred trading platform.
• Evaluate the cost relative to your trading budget and the bot’s potential profitability.
• Research public feedback to gauge the bot’s reliability and user satisfaction.

Maximizing Profits and Minimizing Risks While Using Crypto Futures Bot 

Who wants to lose money? No one. That’s why we have shared some strategies you can follow to minimize risks while using crypto futures bots. 

Backtest Extensively

Backtesting is the process of running your bot against historical market data to see how it would have performed. This ensures the bot’s strategy is robust and capable of handling different market conditions before it goes live.

Start with Demo Trading

If you are new to this field, it is the most important thing you can do. Demo trading lets you test the bot in real-time market conditions without risking actual money. By monitoring its performance closely in demo mode, you can identify potential issues and fine-tune the strategy before using real funds.

Implement Strong Risk Management

Effective risk management protects your capital from significant losses. Set appropriate stop-loss and take-profit levels based on your risk tolerance and adjust these settings regularly to minimize losses and lock in profits.

Choose High Liquidity Markets

High liquidity reduces the risk of slippage and ensures better trade execution. Focus on major trading pairs like BTC/USDT and ETH/USDT to enhance trade reliability. It will reduce the risk of unfavorable price movements.

Avoid Over-Leveraging

While leverage can amplify profits, it also increases the risk of liquidation. So you should start with low-leverage settings and gradually increase them. 

Regularly Monitor Bot Performance

Continuous monitoring helps detect issues early and ensures the bot operates as expected. Check daily reports on the bot’s trades, profit/loss, and any deviations from the strategy to allow for timely adjustments.

Diversify Trading Strategies

Diversification spreads risk and reduces dependency on a single strategy. Use multiple bots with different trading strategies. It will help you to reduce loss. Balance your portfolio and mitigate the impact of underperforming strategies.

Use Bots with Proven Historical Performance

Bots with a track record of success are more likely to perform well in the future. Research and choose bots that have demonstrated consistent profitability over extended periods to increase the likelihood of sustained success.

According to historical data, crypto Market conditions can change rapidly. It can affect bot performance. So, you have to keep up-to-date with market news, trends, and technical analysis to make informed decisions and adjust bot settings in response to market changes.

Read More: AI Trading Bot For Beginners

Final Words

Hope you got a complete idea about crypto futures bots. Professional traders are utilizing trading bots to do successful trading. However, the problem is that not all crypto bots offer effective results. 

If you are afraid of losing money in the crypto market. We recommend the Vestinda crypto futures trading app to eliminate emotional decision-making with automated crypto trading strategies. The best part is that the bot offers automated strategies without requiring code writing. And that’s not all. Visit the official website of Vestinda to discover more features of the platform.