9 Best DCA Crypto Bots for 2024

Dollar-cost averaging (DCA) is one of the best long-term strategies for crypto investors. While it’s possible to DCA manually, investors can also automate the process with a pre-programmed bot.

This guide reveals the 9 best DCA crypto bots for 2024. We compare the leading DCA bots for pricing, past performance, user-friendliness, supported exchanges, and more.

A Closer Look at the Best DCA Bot for Crypto

There’s a lot to consider when choosing a crypto DCA bot. We’ll now review the top providers listed above.

1. Dash 2 Trade – Offers The Best DCA Crypto Bots Across 6 CEXs

Dash 2 Trade offers the best DCA crypto bots in 2024. It is a modern crypto analytics and trading tool platform designed to improve trading skills. It comes fully equipped to help users get insights and tools for making informed decisions when trading cryptos.

The platform offers algorithmic trading with its DCA and grid bots across leading crypto exchanges. It also plans to launch more innovative bots soon. These trading bots can deploy trading strategies automatically for overall efficiency and effectiveness.

It’s worth noting that the platform provides analytics for over 400 coin pairs. It also offers five detailed guides to educate users on trading principles and the effective use of indicators for both beginners and experienced traders.

Moreover, the platform provides more than 10,000 strategies that traders can test and optimize in a versatile backtester. This will help crypto traders optimize their performance across such markets.

The platform’s features continually expand, with current live features including a strategy builder/tester and grid trading across six CEX exchanges. Upcoming features include ‘CopyBots’ and a ‘Strategy Builder’ for Auto-Trader, set to launch in Q1 2024. Also, Dash 2 Trade’s native D2T token offers utility by allowing users to access the Dash 2 Trade dashboard and explore its ecosystem.

2. Learn2Trade – Popular Crypto Bot With a 79% Success Rate

Learn2Trade is considered one of the best crypto auto trading platforms in the market, Learn2Trade streamlines the investment process for beginners and experienced pros alike. Unlike conventional DCA bots, Learn2Trade scans the market for short-term trading opportunities. This means the bot’s primary goal is to make profits rather than buy crypto at regular intervals.

To date, Learn2Trade’s bot has a success rate of 79%. It places up to 70 trades per month with an average risk-reward ratio of 1:3. This means it risks 1% of the trade value to make 3% gains. Everything is completely automated. Once you’ve registered and paid for a subscription, you can connect Learn2Trade’s bot with Binance or Bybit.

Thereon, the bot will place risk-adjusted buy and sell orders on your behalf. Not only on Bitcoin but some of the best altcoins, like Ethereum, Shiba Inu, and Cardano.  In terms of pricing, flexible monthly plans cost £99. Those buying a three or six-month subscription will pay £199 or £349, respectively.

3. Cryptohopper – User-Friendly DCA Bot Compatible With Leading Crypto Exchanges 

Cryptohopper is one of the best crypto DCA bot for beginners. The bot is very simple to use; investors simply need to set their parameters before going live. This includes the order type (e.g. limit/market) and size for each DCA purchase. Cryptohopper is compatible with many of the best crypto exchanges. This includes Coinbase, KuCoin, Kraken, Crypto.com, and Binance. 

In addition to DCA, Cryptohopper offers plenty of other trading bots. This includes a copy trading bot, enabling users to replicate the positions of experienced investors. It also offers an AI trading bot that improves as it’s exposed to market data. We also like that Cryptohopper offers backtesting and simulation tools. 

This enables you to test-drive the bot before risking real money. Cryptohopper offers four pricing plans. This includes a free plan – but this only offers access to copy trading. Using the DCA bot requires an Explorer plan at $29 per month. This offers up to 80 positions per exchange. Those needing more open positions will pay between $69 and $129 per month. 

4. Binance DCA Bot – Customized DCA Bot With Advanced Features and Premium Liquidity

Binance offers one of the best crypto DCA bots for experienced traders. The bot is ideal for trading the BTC/USDT pair, as Binance offers premium liquidity levels. Over the prior 24 hours, more than $1 billion worth of BTC/USDT has been traded. Therefore, even large DCA orders will be matched without slippage. 

Binance’s DCA bot comes with plenty of customizable parameters. This includes the price deviation in percentage terms. For instance, you can instruct the bot to buy Bitcoin every time its price deviates by 1%. Traders can also set the price deviation multiplier, alongside a minimum and maximum order size. 

Binance also enables users to set a cooldown time frame between orders. Risk-averse traders will like that the DCA bot also comes with stop-loss capabilities. The Binance DCA bot is completely free to use. You simply need an account with Binance to get started. Experienced traders might also like Binance’s futures trading bots, which buy and sell crypto with leverage. 

5. Pionex – Set DCA Time Intervals From 10 Minutes to 1 Month 

Pionex is the best option for investors who want to buy crypto at set intervals. This is the traditional DCA approach, rather than entering the market based on price deviations. Short-term time frames range from 10 minutes to one day. You can also choose from weekly and monthly DCA intervals. 

After selecting the preferred time frame, you simply need to enter your DCA investment size. Pionex will also appeal to those who want to DCA a diversified range of cryptocurrencies. Nearly 380 coins and tokens are supported, including Shiba Inu, Dogecoin, and Solana. What’s more, the DCA is completely free to use. 

The only fees to pay are Pionex trading commissions. Pionex charges just 0.05% per slide, which is very competitive. Pionex is also ideal for mobile traders – it offers a native app for iOS and Android. Users can also access their accounts on the Pionex website. Pionex also offers other bots, including portfolio rebalancing and the Martingale strategy.  

6. 3Commas – Run up to 5 DCA Bots for Just $5 per Month 

3Commas is a great option for budget-conscious investors. Its Beginner plan – which costs just $5 per month, enables you to run up to five DCA bots simultaneously. The plan limits users to 25 DCA trades per month. This is more than enough if you’re planning to execute weekly DCA positions. 

Those planning to DCA on a daily or hourly basis will need the Pro or Expert plan, costing $49 and $79 per month, respectively. 3Commas is compatible with 16 crypto exchanges, including Binance, OKX, Bitstamp, Kraken, and Coinbase. Users can connect DCA bots with their chosen exchange via an API.

 3Commas also offers customized trading bots that support over 100 technical indicators. This enables users to automatically trade crypto assets based on their preferred strategies. Another benefit is that there are no limitations on tradable coins. This means users can DCA any crypto pairs of their choosing; as long as they’re listed on a compatible exchange. 

7. Coinrule – Create Rules-Based DCA Conditions for Maximum Flexibility  

Coinrule offers one of the best DCA crypto bots for flexibility. It enables users to set ‘rule-based’ conditions, which the DCA bot will follow 24/7. This could be something as basic as buying Ethereum when it drops by 1% from its 24-hour high. Alternatively, you can also integrate technical indicators into your DCA strategy. 

For example, you could instruct the bot to buy Bitcoin whenever the RSI reading falls below 25. The possibilities are endless. And most importantly, Coinrule doesn’t require any coding knowledge. Everything is based on ‘drag-and-drop’, meaning even beginners can create custom DCA rules. 

Coinrule is compatible with many leading exchanges, including Coinbase, Kraken, and Binance. It takes seconds to set the DCA bot up via an API. Although Coinrule offers a free plan, this is limited to two custom rules and one connected exchange. Paid plans range from $29.99 to $449.99 per month, depending on the functionality required. 

8. Bitsgap – Reputable DCA Bot for Leveraged Crypto Futures   

Bitsgap offers the best DCA bot strategy for trading crypto futures. This means you can buy and sell futures contracts without needing any prior experience. This is ideal for beginners who want to DCA crypto assets with high leverage limits. While at the same time, reducing the long-term risks. 

Bitsgap is compatible with some of the best crypto trading futures platforms, including Binance, Bybit, KuCoin, and Kraken. Bitsgap offers plenty of risk-management tools to ensure your DCA bot makes smart but risk-averse decisions. This includes stop-losses and take-profits, not to mention trialing up/down orders and pump and dump protections. 

Bitsgap also offers standard DCA bots for non-leveraged spot markets. When it comes to pricing, we found Bitsgap on the pricier side. It charges $29 per month for 10 active DCA bots. However, if you want access to leveraged futures markets, you’ll need to pay $69 per month. That said, Bitsgap offers a seven-day free trial alongside backtesting and simulation tools. 

9. Coinbase – Connect a Payment Method for Recurring DCA Buys   

The final option to consider is Coinbase. Not only is Coinbase a regulated crypto exchange but it supports user-friendly DCA tools. Known as ‘Recurring Buys’, users can even connect a payment method. This means that DCA buys will be made if the Coinbase account needs to be topped up. 

This feature is available via ACH (US), local bank transfers (UK), and debit cards with 3D Secure. Investors can DCA any crypto asset that’s available on the Coinbase exchange. This covers more than 100 markets, including XRP, Solana, Bitcoin, Ethereum, and Dogecoin. DCA options include daily, weekly, and monthly. 

You can also choose to invest on two specific days each month. While Coinbase doesn’t charge additional fees to DCA, trading commissions are high. It charges 1.49% per slide – and more if your order is under $200. Nonetheless, many investors are happy to pay higher fees for the comfort of using a safe and regulated provider. 

Crypto DCA Strategy: The Finer Details 

Understanding how dollar-cost averaging works is crucial before deploying a DCA trading bot. This section explains everything you need to know.

Avoid Trying to Time the Market 

One of the most successful investors of all time, Warren Buffet, is a strong proponent of dollar-cost averaging. The reason is simple; dollar-cost averaging enables you to avoid short-term market volatility. More specifically, it removes the need to try and time the market.

This is especially important in the speculative world of crypto assets. After all, the broader markets move in prolonged cycles. For instance, 2021 saw Bitcoin hit highs of over $68,000. One year later, Bitcoin was trading at $16,000. And in early 2024, Bitcoin has traded at highs of almost $49,000. These wild pricing swings highlight the importance of dollar-cost averaging.

This is because dollar-cost averaging aims to replicate the market, rather than outperform it. Investments are made at predetermined, fixed intervals. This means always investing the same amount every day, week, or month. In doing so, the cost price for your preferred crypto assets is constantly being averaged out.

So, when prices are declining, you’re buying crypto cheap. And when prices are rising, your portfolio generates gains. Ultimately, dollar-cost averaging is a long-term strategy that requires patience and consistency. By constantly investing the same amounts at the same time frames, you’re always in the market.

Averaging Out Cost Prices

Investing a lump sum into crypto is a very high-risk move. If you’re unlucky with your timing, you could be investing at the peak of a bull cycle.

• For example, let’s say you decided to invest $24,000 into Bitcoin in November 2021.
• This is when Bitcoin hit all-time highs of over $68,000.
• After peaking, Bitcoin declined to lows of $16,000.
• This means your portfolio would have been down by over 75%.
• The only way for you to break even is for Bitcoin to recover to $68,000.

Now consider a dollar-cost averaging strategy.

Instead of investing $24,000 in one lump sum, you could have allocated $2,000 per month. This would consist of 12 monthly investments. While you would have paid $68,000 in month one, the Bitcoin price had declined to just under $33,000 by December 2021.

And, in months three, four, and five, you could have paid between $34,000 and $37,000. As prices continued to decline, so would your cost price. This is because your cost price is constantly being averaged out after each monthly investment.

Choosing a DCA Interval and Amount

There is no one-size-fits-all way to create a dollar-cost averaging strategy. The most important aspect is consistency. If you decide to invest $200 per month – stick to this religiously. Therefore, before getting started, it’s important to assess how much money you can contribute.

This should be an amount that you can afford to live without. Because to be successful, you must never deviate from your chosen strategy. And even more importantly, you should never be in a position where you need to sell some of your crypto to finance everyday expenses.

Once you’ve determined affordability, you then need to choose the frequency of your crypto investments. In the traditional stock markets, dollar-cost averaging every month is acceptable. However, crypto assets are significantly more volatile than stocks. As such, you might want to consider more frequent investments.

This is where automated DCA bots can help. You can choose any investment frequency and the bot will execute your positions automatically. This means you could dollar-cost average daily. For instance, if you have $300 to allocate per month, you could do 30 daily investments at $10 each.

This means your investments will directly correlate with broader market trends. For instance, let’s say you’re dollar-cost averaging Bitcoin. If Bitcoin declines by 15% in one day, that’s fine. After all, this simply means you’re buying Bitcoin 15% cheaper. And if Bitcoin increases by 15% the next day, that’s also fine. Everything averages out over time, so you won’t feel the stresses of extreme crypto volatility.

How Risky are DCA Crypto Bots?  

As a strategy, dollar-cost averaging is one of the most risk-averse ways to invest in crypto. After all, you’ll avoid short-term market volatility by investing bite-sized amounts regularly. This will average your cost basis out over time.

Therefore, DCA crypto bots are considered low risk. The bot will only follow your pre-defined conditions. So, if you want to buy $1,000 worth of Bitcoin every month, that’s exactly what the bot will do.

And if you’re really conservative, the best crypto DCA bot can be deployed in demo mode. This means it will initially trade in simulated market conditions. Once you’ve finished testing the bot, you can execute it in live market conditions. Crucially, DCA bots can be switched off at any time.

DCA Crypto Bots: Benefits and Drawbacks 

The main benefits and drawbacks of DCA crypto bots are summarized below:

How Safe Are Crypto DCA Bots? Risk and Legal Considerations

First and foremost, crypto DCA bots are perfectly legal. They simply offer a way to automate DCA investment strategies. Crypto exchanges have no issues with traders using DCA bots. In fact, many exchanges – like Binance and Coinbase, offer native DCA tools themselves.

That said, you should still consider some risks before proceeding.

For a start, third-party DCA bots, such as 3Commas and Cryptohopper, require Application Programming Interface (API) access. This means you’ll provide the bot access to your crypto exchange account. This is achieved through a unique API key. Should the API key get into the wrong hands, your exchange account could be compromised.

You also need to consider the risk of the DCA bot malfunctioning. For instance, if it places a different order to what you had programmed. Although rare, this is still a risk to consider. It’s wise to frequently keep tabs on your DCA bot. Consider setting up notifications with your chosen exchange. This means you’ll be notified every time the bot places an order.

It’s also important to remember that the DCA strategy isn’t guaranteed to make money. After all, you’re assuming that over time, the value of the crypto asset will increase. There are many examples of cryptocurrencies that trade at tiny fractions of their all-time high. This includes XRP, which is currently 86% below its 2018 peak.

Conclusion

We’ve explored the best DCA crypto bots for 2024. If you’re looking to outperform the crypto market rather than simply mirror it, consider Dash 2 Trade. It allows users to automate their trading with DCA and Grid bots, with more unique types coming soon. Users can track analytics for over 400 coin pairs to discover profitable trades.

References

• https://www.sc.com/sg/stories/dollar-cost-averaging/
• https://www.cnbc.com/select/what-is-dollar-cost-averaging/
• https://www.ibm.com/topics/api
• https://www.tipranks.com/news/personal-finance/should-you-use-dollar-cost-averaging
• https://www.morningstar.com.au/insights/personal-finance/197410/the-dollarcost-averaging-myth-why-lump-sum-investing-usually-wins

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