Best Automated Crypto Trading Platform UK

You may have come across automated crypto trading platforms while navigating the crypto space. If you are unfamiliar with these platforms, then this article will provide detailed guidance.

Automated crypto trading platforms can take the legwork and the guesswork out of crypto trading, allowing investors to copy more experienced traders automatically. These platforms also receive expert trading advice and benefit from AI trading algorithms.

Below, we will examine the various types of automated crypto trading platforms. In this article, we explored the differences between crypto signals and automated trading and also explained how crypto copy trading works. In addition, we reviewed six top crypto trading platforms that offer different packages to investors and delivered our verdict on the overall best automated crypto trading platform in the UK.

Best Automated Crypto Trading Platforms UK Reviewed

Automated crypto trading platforms typically come in three types. Using these three methods, we reviewed six of the top crypto trading platforms. Here are the three main types of automated crypto trading platforms UK:

1. Automated crypto copy trading: eToro
2. Automated signal provision: yPredict and Learn2Trade
3. Automated robot crypto trading: BitIQ, Crypto Boom and QuantumAI

1. yPredict- The first AI automated crypto trading marketplace

yPredict is a marketplace for AI trading tools that enables access to the best automated trading tools, AI signal software, and market analysis models, among other things. The platform allows developers to earn money by listing their models for subscription on the marketplace, and users can choose which models to subscribe to based on their individual trading needs. This crypto trading platform empowers users to take advantage of AI trading technology and enhance their trading decisions.

Unlike other automated trading tools, yPredict stands out because users have the ability to vote for listed or eliminated models on the platform. This ensures that only the best models are available, by removing unsuccessful models. Additionally, all AI trading tools undergo rigorous testing before subscribers can have access to them.

YPRED is the utility token that supports the entire crypto trading platform. You can use the token to pay for platform subscriptions, reward developers, vote in the DAO, participate in staking, and earn rewards through a learn-to-earn mechanism. Developers who list their models on the platform will receive 70% of the monthly subscription fee, offering a great way for AI experts to earn passive income using their skills. However, only the top AI experts can list their models on the platform.

To access yPredict at a low cost, you can participate in the ongoing presale event. Presently, the crypto trading platform is among some of the best crypto presales and users can acquire tokens at a discounted price. After the presale, YPRED will launch on various exchanges, and the price will increase, making subscriptions more expensive.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

2. eToro – Overall Best Automated Crypto Trading Platform UK

Global broker eToro offers two ways for new investors to engage with automated crypto trading: CopyTrader and Smart Portfolios.

CopyTrader:

This method allows you to choose a profiled trader to copy and allocate funds while the software does the rest. CopyTrader uses your trading funds to copy trades in real-time. Whether you want to hold long-term or day trade cryptocurrencies, you can always find a high-performing trader to mimic using this method.

Smart Portfolios:

With this approach, you choose a portfolio strategy to copy, allocate funds, and, again, the software enacts the necessary trades to buy you into that smart portfolio. After which, the software mimics various trading activities with your money.

In our review of eToro we find that UK investors can greatly benefit from CopyTrader and Smart Portfolio. These automated crypto trading platforms are easy to use and effectively provide all the trading resources you need. You have access to a vast amount of data, allowing you to make informed decisions about which trader or portfolio to copy.

With eToro, you can start and stop copying anytime, so there’s no fear of getting trapped into an unprofitable situation. CopyTrader and Smart Portfolio offer services beyond crypto. You can copy experienced traders across all eToro’s supported asset classes, including crypto, stocks, commodities, ETFs, indices, and forex. You can learn how to buy Bitcoin ETF token and how to invest in them. There are also over 2,000 traders with high crypto trading activity that you can copy, and you can search through them using a decent advanced search function with multiple filters.

Minimum deposits are reasonable: $200 for CopyTrader and $500 for Smart Portfolios. If you want to get the hang of copy trading with eToro before you get your feet wet, you can use a free demo account with a virtual balance of $100k to practice before you dive in. Best of all, although you will pay the normal spread fees on copied trades,

If you are familiar with the best Bitcoin wallet apps, then eToro Money Wallet is a great choice for you. This wallet app offers you a simple and secure way to store and send your cryptocurrencies.

Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

3. Coinbase – One of the Best Automated Crypto Trading Apps in the UK

The Coinbase cryptocurrency exchange platform is extremely popular among novice traders. You can trade many cryptocurrencies on this platform, including Bitcoin, Ethereum, Litecoin, Ripple, BitcoinCash, and others. Coinbase also offers some of the best meme coins such as Shiba Inu, Dogecoin, and more. This platform is compatible with iOS and Android mobile devices.

At the time of writing, Coinbase has recorded over 43 million registered traders and provides its services to users in 100 countries. The crypto exchange holds over 90 billion dollars in assets and is heralded as one of the best Bitcoin wallet apps to date.

You can enhance your experience in the cryptocurrency market with Coinbase by learning from its wide range of trading resources. This platform provides detailed charts and insightful metrics on crypto price movements which helps you decide the best time to trade crypto and what tokens are the most profitable. When it comes to automated trading, the mobile app offers its Coinbase Advanced API, which traders can trust to execute trades on the system.

Beginners and experienced traders alike can use the Coinbase cryptocurrency exchange to learn how to day trade and execute trades more efficiently. The platform offers unique training courses on cryptocurrencies and tokens. New coins are added frequently, and basic guides are also regularly updated and improved.

There is currently over 456 billion dollars worth of trading volume on Coinbase. In the crypto sector, Coinbase has one of the fastest growth rates and is one of the best Bitcoin trading apps today. The high trading volume provides a high level of liquidity for investors. With a competent approach, users can consistently profit from cryptocurrency price differences on the platform. There are, however, some experts claim a lack of investment programs for individual traders on the exchange.

Your Money is at Risk.

4. Learn2Trade – Best Crypto Signals Provider for Telegram users

Learn2Trade offers investors an automated crypto signal service. This equips newbie crypto traders with professional market intelligence in the form of real-time trading opportunities that are sent to their smartphone or desktop.

Rather than automatically use your allocated funds to copy other traders or trading strategies as with eToro, Learn2Trade automatically sends you suggested crypto trades in real-time – which you can then execute using your crypto broker or exchange. Or you can wait for the next crypto signal. Crypto signals give you trade-able information; whether you act on the signals is up to you.

Learn2Trade claims an 82% success rate for their crypto signals based on an algorithm. This platform analyses up to 90 technical indicators in any given crypto’s price performance and weighs this activity against historical price movements. When a profit opportunity arises, a signal is created and sent out highlighting the various the crypto pair to trade, their entry point, whether to buy or sell, and the suggested stop loss and take profit points.

Users receive these crypto trading opportunities via the Telegram messaging app. You can get three crypto signals a week for free. If you want 3-5 signals a day plus the chance to talk to Learn2Trade’s pro traders, a range of paid subscription packages are available.

There is no guarantee that you will make money with this provider. Proceed at your own risk. 

5. Dash 2 Trade- New Social Trading Platform With Exciting Concept

Dash 2 Trade is one of the newest social trading apps and analytics platform that offers everything that users will need to navigate the volatile crypto market, make informed trading decisions, and generate profit from trades.

This crypto trading platform has been developed by Learn2Trade veterans who have taken on the task of creating a platform that offers EVERYTHING.

Some of the primary features offered by Dash 2 Trade includes:

• Automated crypto trading signals
• Crypto listing alerts
• Daily expert analysis
• Education resources and webinars
• Social features
• Access to exclusive deep-dives, token ratings and more!

With the help of Dash 2 Trade, both expert and beginner traders can improve their skills.

Utility and tokenomics

One of the most innovative features of Dash 2 Trade is that it is supported by a native token, D2T, which is built off the Ethereum blockchain. Furthermore, Dash 2 Trade offers users the chance to increase their rewards by taking part in trading competitions.

The total supply of D2T is around $1 billion and investors do not need to pay tax on their holdings. You can use the token to pay for platform subscriptions, take part in competitions, and unlock exclusive platform features.

D2T is presently be available on various crypto exchanges after launching on the January 11, 2023. Investing early is the best way to buy whilst the price of D2T is low. If you want to use the innovative platform, you will need to hold D2T tokens.

There is no guarantee that you will make money with this provider. Proceed at your own risk. 

6. CryptoSignals.org – Best crypto signals provider for technical analysis

Like Learn2Trade, CryptoSignals.org provides an automated crypto signals service. Traders receive instructions on real-time trading opportunities across the crypto sector via the Telegram messaging app. This platform also uses a combination of algorithm and pro trader analysis to deliver its trading suggestions.

Crypto signals are provided in simple terms so you have all the information necessary to execute a trade with a broker or exchange. CryptoSignals.org gives you the names of crypto to trade. It provides information on whether to buy or sell a cryptocurrency or limit, stop loss and take profit levels. The platform executes deep technical analysis using crypto trading chat patterns to generate crypto signals, allowing you to trade efficiently. CryptoSignals.org also helps you learn whilst you trade, providing a risk/reward rating which you can then use to make the trades on a crypto exchange or broker. The platform claims a success rate of 82%.

You can join CryptoSignal’s free Telegram group and receive three free crypto signals per week. You can also pay to join other members of the VIP Telegram group and receive 3-5 crypto signals a day.

There is no guarantee that you will make money with this provider. Proceed at your own risk. 

7. BitIQ – Best for Automatic Bitcoin Trading off the Elon Musk Effect

BitIQ is a fully automated crypto trading platform that specialises in Bitcoin. In this BitIQ reviview,  you’ll see that the platform differs from eToro which offers automated cryptocurrency trading based on human trading behaviour. Instead this platform uses quantum computing and AI to analyse Bitcoin volatility and provide automated crypto trades via partner brokers.

BitIQ claims that ‘the average daily ROI with our system is 25%. You could earn up to 90% in daily return during periods of increased market volatility.’ The crypto trading platform also offers new users a demo version similar to various top tier crypto demo trading apps in the industry. You can practice regularly and get you started with live trading with this demo app.

What makes BitIQ stand out as one of the best crypto apps due to its use of advanced algorithms that follows social media output, focusing on celebrities such as Tesla CEO, Elon Musk whose opinions have regularly influenced the price of Bitcoin and other cryptocurrencies. The platform also spots volatility opportunities, which allows its foundational algorithm to place trades on your behalf the instant Elon Musk, or any other celebrity, expresses a view that is likely to impact the Bitcoin price in a way that may be profited from.

There is no guarantee that you will make money with this provider. Proceed at your own risk. 

8. Crypto Boom – Best Automated Bitcoin Trading Platform For Manual Trade Option

Like crypto robot BitIQ reviewed above, Crypto Boom is a among a long list of high quality automated Bitcoin trading apps in the trading sector. This platform leverages AI to identify trading opportunities. Once registered, users can download and install the Crypto Boom software. You can log in after depositing a minimum of $250, after which users are invited to sit back and let the system do the rest – or trade manually if they prefer. Crypto Boom claims ‘you have the potential to earn up to 60% in daily profit under optimal market conditions.’

Crypto Boom further declares that their ‘software is ahead of the markets by 0.01 seconds’ and can perform at a 99.4% level of accuracy. Live profit results for Crypto Boom users are published onsite. The offering here is entirely focussed on Bitcoin, with the website featuring celebrities like CEO Eric Schmidt of Google and entrepreneur Richard Branson of Virgin discussing Bitcoin in favourable terms, although you should note that these claims have not be verified.

There is no guarantee that you will make money with this provider. Proceed at your own risk. 

9. QuantumAI – Best Automated Crypto Trading Platform for Quantum Computing

Like Crypto Boom, QuantumAI is an automated crypto trading platform that works as a robot. Rather than using Artificial Intelligence, this platform claims to use quantum computing to offer profitable crypto trades. Quantum computers are typically quicker than conventional computers. That’s because, instead of processing data in a sequence, they are able to process problems simultaneously.

QuantumAI aims to ‘make the world better by providing everyone the same opportunities.’ There is a strong egalitarian feel to this brand. Like Crypto Boom, QuantumAI says the robot offers ‘investment opportunities giving you the opportunity to earn up to 60% in daily profit under optimal market conditions.’

The QuantumAI software claims to find profitable trades ‘by analysing differentials between stock prices every nano-second that stock markets are live.’ You can register online, deposit funds – and supposedly withdraw funds in a matter of hours. Additionally, the QuantumAI website suggests that users can choose to pick recommended trades, rather than software executing those trades automatically.

There is no guarantee that you will make money with this provider. Proceed at your own risk. 

The table below compares all the platforms reviewed above:

Types of Automated Crypto Trading Platforms 

There are three main types of automated cryptocurrency trading platform:

1. Copy Trading Platforms

Copy trading allows traders to automatically copy other traders using an allocated set of funds. The principle has grown from its infancy in 2005, when it started out with Tradency’s Mirror Trader, to become an established part of trading digital assets for the retail market. Investors can access dedicated copy trading services for conventional stocks like ZuluTrade and DupliTrade via online brokers. 

As one of the best crypto trading patforms, eToro has an established copytrading scene across all asset classes – and crypto copy trading fits right in. You can find users that trade various cryptocurrencies, and also filter your search with numerous performance statistics to isolate a trader to copy for you.

One of the most copied crypto traders on eToro – with 7794 copiers – is GreenbullInvest. This trader previously conducted 591 trades in one year with their three most frequently traded assets being Bitcoin (BTC), Ethereum (ETC) and XRP. At the time of writing, GreenbullInvest has recorded 130 trades with an 11-month return of 16.17%.

Another successful trader to be copied on eToro is Diogobreunig. This trader has 146 copiers. The three most frequently traded assets are Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA). At the time of writing Diogobreunig has achieved a 137 trades and a return of 53.55%.

2. Crypto Robots

Crypto robots are generally set up on an algorithm to identify profitable crypto trading opportunities. Robots will then either inform you about these trading opportunities in real-time as they arise or, they would automatically execute these trades on your behalf with funds you have pre-allocated.

There are two formats of crypto robots – those you can install as software via the MT4 and MT5 trading platforms, and those you can access direct the web. For example, Primebit Profit is a crypto robot that claims to use sophisticated algorithms to trade the crypto market on your behalf.

You can access MetaTrader 4 and 5 trading platforms through various online brokers. They provide a platform for adding on trading tool extras like crypto robots. MT4 and MT5 come with their own library of trading robots that apply to conventional assets as well as crypto. Or you can browse through hundreds of crypto robots at MLQ5.com. Some are free, while some require payment to install.

A fair amount of technological expertise is required to get to grips with MT4/MT5 and then the robots of your choice. This route gives you powerful customisable options for your crypto trading. On the other hand, website access robots are potentially easier to use than MT4/MT5 robots. They are automated crypto trading platform robots that are accessible direct via the web. We have reviewed three examples of this format above: BitIQ, Crypto Boom, and QuantumAI.

3. Crypto Signals 

Crypto signals provide expert crypto trading advice in the form of suggested trades on an automated basis. Similar to Learn2Trade and CryptoSignals.org, that means you can receive a certain number of messages every week with each specifying the details of a potentially-profitable crypto trade. The professional basis for this advice sometimes are generated from algorithms, expert human trader or a group of traders. You also have access to free and paid-for models of crypto signal provision.

Verifying Automated Crypto Trading Platform Results

The big question for every crypto trader is: do automated crypto trading platforms work? Where is the evidence?

Generally, it would be unwise to allocate funds to a system that does not deliver consistent profits. The main way to verify the results of auto crypto trading platforms is to trust the performance data released by the platform. This is where regulation plays such a key role in the crypto sector. With a regulated global broker, it is easier to trust the data that is being presented, whereas with an unregulated platform who is to say whether the performance data supplied is correct?

Copy trading provider eToro reports that the 50 most copied traders across all asset classes on eToro made an average yearly profit of 83.7%. The average 12-month return on eToro’s 8 crypto Smart Portfolios we calculate at the time of writing to be 120.1%.

With eToro, the detail you can go into with performance stats is impressive. While with other automated crypto trading platforms, there is a limited availability of trading information. For example, CryptoSignals.org and Learn2Trade simply claim an 82% success rate with their crypto signal trade suggestions. Whereas, Robot trader BitIQ claims an average daily ROI of 25% and Bitcoin robot Crypto Boom claims that users have ‘the potential to earn up to 60% in daily profit under optimal market conditions. Same goes for QuantumAI which claims to provide opportunities to earn up to 60% in daily profit under optimal market conditions.

Conclusion

After carefully reviewing each platform, eToro stands out as the best automated crypto trading platform. An enormous amount of work has gone into its CopyTrader system in particular and, with over 2000 crypto traders to browse through, a powerful search function is important.

Many of the traders featured on the platform have achieved triple digit yearly returns (but remember that the spectacular success stories often come, as with all trading, at the cost of high risk strategies). Overall, eToro provides a supportive environment to learn about copy trading. The crypto trading platform also offers a free demo account where you can practice without losing a penny.

Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

References

https://www.coinbase.com/ 

https://www.finder.com/uk/uk-registered-cryptocurrency-exchanges 

https://www.cftc.gov/sites/default/files/2023-04/SpotFraudSites.pdf 

https://www.etoro.com/?cover_test=pro 

https://www.bloomberg.com/press-releases/2021-03-17/etoro-review-etoro-fees-crypto-and-forex-trading-platform-review-and-analysis-by-forextradingreviews-org 

Frequently Asked Questions on Best Automated Crypto Trading Platforms