5 Automated Crypto Apps That Actually Work (Step-by-Step Guide)

In an era when “AI-powered” apps are a dime a dozen and blockchain projects like ChainGPT are trending worldwide on Twitter, you’ve likely come across countless lists claiming to help you earn money with web3 or AI solutions. But let’s be honest, most of these lists still require you to put in some work. Sure, you can use something like Jasper to become a copywriter for a crypto company or Midjourney to design and sell graphics for NFTs — we’re not knocking the hustle — but wouldn’t it be nice to find crypto-focused apps that could actually work for you without any continuous effort on your part? We strongly believe the combination of automation and blockchain technology fills that gap!

That’s why we’ve curated this list of our top 5 automated crypto apps that can generate passive income without you lifting a finger. Say goodbye to the endless grind and hello to smart algorithms that work tirelessly for you; every app featured here proudly answers “yes” to the essential question, “can it trade or farm for you on autopilot?”

Our list dives deep into the realm of automation and blockchain technology, featuring innovative solutions that combine these cutting-edge advancements. These apps are the crème de la crème, designed to automate your crypto trading in ways you never thought possible. Think robo-advisors that intelligently optimize your investments, automated trading based on highly successful trader signals, DeFi platforms that dynamically rebalance your portfolio, and even some apps that do it all!

So, prepare to be amazed by the future of crypto trading and yield farming in DeFi. In this article, we’ll explore each app in detail, giving you the lowdown on how they leverage automation and blockchain to put your money to work, even when you’re not.

1) Zignaly: Automated Crypto Copy Trading

Zignaly is a cutting-edge automated trading platform that leverages artificial intelligence and preset strategies to capitalize on market trends. The Zignaly bot can execute trades based on signals from the user’s preferred signal providers on the Zignaly platform or even ones from TradingView, allowing for a highly customizable trading experience. This app basically allows you to set up a crypto trading account and follow the most successful traders you can find — the traders you follow will take a portion of the profits but it’s still money in your pockets! While Zignaly’s performance record is noteworthy, potential users should be aware of some limitations, such as the small number of supported exchanges and potential access restrictions for US users, as well as the inherent risks that come with any investment strategy.

How to Use Zignaly:

Zignaly offers four distinct trading options to cater to a variety of users’ preferences and experience levels, namely Copy Trading, Profit-Sharing, Trading Signals, and Manual Trading. Each option provides unique features to help you optimize your cryptocurrency trading experience, but we’re mostly focused on just the first option for this list.

Copy Trading is an effortless, results-driven tool that allows you to replicate the trades of expert cryptocurrency traders. By doing so, you can achieve the same results as these professionals. To use Copy Trading, follow these simple steps:

1. Connect your Zignaly account to supported exchanges using secure APIs.
2. Choose an expert trader based on their performance and trading history.
3. Set a maximum balance for the platform to invest proportionally.

This approach is suitable for traders of all experience levels, but requires some technical knowledge and ability to set up initially.

Pros:

• Cloud-based system: Zignaly’s cloud-based infrastructure provides 24/7 access from any location, ensuring uninterrupted trading.
• Live metrics: The platform offers real-time metrics, such as monthly sales and burn/churn rates, for better decision-making.
• User-friendly interface: Zignaly’s intuitive interface features clear diagrams and displays, making it easy for users to navigate and manage their trades.
• Exchange support: The platform supports four major crypto exchanges, including Binance and KuCoin.
• Free beta plan: Zignaly offers a $0/month beta plan with no transaction fees (though exchange fees still apply).

Cons:

• Limited exchange support: Zignaly primarily focuses on Binance, which may be limiting for users who prefer other exchanges.
• Future restrictions for non-US users: There is a possibility that non-US users may face access restrictions in the future.
• Additional costs for signal providers: Although users have free access to the signals portfolio, they must purchase signals from providers separately.

2) Set Protocol: Automated DeFi Asset Management

Set Protocol is a decentralized finance (DeFi) platform built on Ethereum, allowing users to create, manage, and trade tokenized portfolios called “Sets” that follow predefined rules or strategies for rebalancing. Sets are ERC-20 tokens that represent exposure to various crypto assets and strategies like index exposure, trend trading, and yield farming. Unlike Zignaly, which is a centralized platform, Set Protocol leverages smart contracts to automate asset management, offering a non-custodial and transparent solution for investors interested in Ethereum-based assets and DeFi strategies.

How to use Set Protocol:

1. Connect your Ethereum wallet: To start using Set Protocol, you’ll need to connect an Ethereum wallet like MetaMask or Ledger.
2. Browse available Sets: Explore the Sets available on the platform, and select the ones that align with your investment goals and risk tolerance.
3. Purchase Sets: Buy the chosen Sets using ETH or other supported ERC-20 tokens. The acquired Sets will represent your exposure to the underlying assets and strategies.
4. Monitor and manage your portfolio: Track the performance of your Sets, and adjust your investments as desired by buying or selling Sets.
5. Redeem or trade Sets: You can redeem the underlying assets in your Sets or trade them on decentralized exchanges like Uniswap or Balancer.

Pros:

• Decentralized and transparent: Set Protocol’s DeFi nature ensures transparency and user control over assets, as it relies on smart contracts rather than a centralized authority.
• Non-custodial: Users maintain control of their funds at all times, enhancing security.
• Tokenization: Sets are ERC-20 tokens that can be traded, transferred, or used as collateral in other DeFi applications.
• Predefined strategies: Offers access to various investment strategies like index exposure, trend trading, and yield farming.
• Focus on Ethereum-based assets and DeFi: Ideal for users interested in Ethereum and the DeFi ecosystem.

Cons:

• Limited to Ethereum ecosystem: Set Protocol primarily supports Ethereum-based assets, which may not suit investors looking for a wider range of cryptocurrencies.
• Gas fees: As it operates on the Ethereum network, users may encounter high gas fees during periods of network congestion.
• Learning curve: Understanding and utilizing DeFi concepts and smart contracts may require some time and effort for new users.

In contrast to Zignaly, Set Protocol emphasizes DeFi and blockchain features, offering a decentralized, transparent, and non-custodial approach to crypto asset management. While Zignaly is more focused on providing various tools for crypto trading and integrating with major centralized exchanges, Set Protocol allows users to participate in the Ethereum ecosystem through predefined strategies and tokenized portfolios.

3) One Click Crypto: DeFi on Easy Mode

By far one of the easiest apps to use on this list, One Click Crypto is a DeFi yield aggregator designed to simplify the process of creating, managing, and optimizing DeFi portfolios. With a focus on accessibility, efficiency, and a data-driven approach, One Click Crypto is the premium solution for onboarding new users into the world of decentralized finance. The platform offers features such as dynamic rebalancing, cross-chain routing, customized portfolios, and unique hosted strategies to help users generate returns in the ever-changing DeFi landscape.

How to use One Click Crypto:

1. Connect your wallet to the platform to view your DeFi assets.
2. Answer 10 easy questions to help the AI determine your Risk Score.
3. Allow the robo-advisor to create a customized portfolio based on your goals and risk preferences.
4. Click the “Farm All” button.

Pros:

• User-friendly interface designed for easy DeFi portfolio management
• Dynamic rebalancing to optimize investments in the best-performing pools and strategies
• Cross-chain routing for seamless yield farming across different blockchains
• AI robo-advisor for creating customized portfolios tailored to individual preferences
• Periodically review and rebalance your portfolio using the dynamic rebalancing feature
• Diversify your investments by exploring and selecting unique hosted strategies from best-in-class traders, bots, and asset managers

Cons:

• The DeFi landscape can be volatile and unpredictable, which may impact returns
• The platform may require some time to understand for users new to DeFi investing
• As a relatively new platform, long-term performance and reliability have yet to be fully established

One Click Crypto offers a comprehensive DeFi yield aggregator designed to streamline the process of managing and optimizing a DeFi portfolio. In contrast to Zignaly’s primary focus on automated crypto copy trading, One Click Crypto emphasizes the DeFi ecosystem, offering features like dynamic rebalancing and cross-chain routing to maximize users’ returns. Additionally, the platform employs an AI-powered robo-advisor to create customized portfolios based on individual goals and risk preferences, further distinguishing it from Zignaly’s offerings.

4) Pionex: Automated Crypto Trading Bots

Pionex is a trading platform that allows users to take advantage of multiple types of automated crypto trading bots designed to optimize trading strategies and maximize profits. The platform incorporates various bots like the Grid Trading Bot, DCA (Dollar Cost Averaging) Bot, and Rebalancing Bot, all developed to cater to different trading styles and objectives. The advantage of using Pionex is that users don’t need to connect with third-party exchanges via APIs, as all trading is done within the platform. Setting it up requires less technical knowledge compared to other trading bots that use APIs, but it also necessitates placing more trust in Pionex.

How to use Pionex:

1. Sign up for a Pionex account and complete the required KYC process.
2. Deposit your preferred cryptocurrencies or fiat currency.
3. Choose the trading bot that best aligns with your trading strategy and goals.
4. Configure the bot’s settings, such as the trading range, investment amount, and other preferences.
5. Monitor the bot’s performance and make adjustments as needed to optimize your trading strategy.

Pros:

• A wide range of automated trading bots catering to various strategies and goals.
• Seamless trading experience with no need for API connections to third-party exchanges.
• User-friendly interface makes it easy for both beginners and experienced traders to navigate and utilize the platform.
• 24/7 automated trading with the potential to maximize profits and minimize losses.

Cons:

• Pionex is not a non-custodial platform, meaning users must trust the platform with their assets.
• The platform requires KYC, which may be a concern for users seeking privacy.
• It may take time for users to familiarize themselves with the different bots and their specific use cases.

Pionex offers a unique approach to passive income generation with its variety of trading bots, while other entries like Zignaly, Set Protocol, and One Click Crypto focus on different aspects of automated trading and DeFi. Each platform has its own strengths, and the choice depends on your personal preferences and investment goals.

5. Cryptohopper: 24/7 Crypto Trading Bots

Cryptohopper is a powerful, cloud-based automated crypto trading platform that helps you optimize your trading strategies and maximize profits. With its user-friendly interface and comprehensive features, including advanced charting tools, algorithmic trading, and backtesting, Cryptohopper has become the go-to platform for both beginners and experienced traders alike.

How to use Cryptohopper:

1. Sign up for a Cryptohopper account and choose a subscription plan that suits your needs.
2. Connect your preferred exchange (e.g., Binance, Coinbase Pro) through API integration.
3. Configure your trading strategies or choose from a variety of pre-built templates.
4. Customize your settings, including trade frequency, stop losses, and take profit targets.
5. Enable the trading bot and monitor its performance on the Cryptohopper dashboard.

Pros:

• User-friendly interface suitable for beginners and experienced traders
• Wide range of customizable trading strategies and tools
• Integration with multiple popular crypto exchanges
• Cloud-based platform ensures 24/7 trading capability
• Active community and responsive customer support

Cons:

• Subscription-based pricing may not suit all users
• Limited number of supported exchanges
• Potential for losses if poorly configured or during extreme market conditions

Conclusion

Automated crypto trading and DeFi platforms have revolutionized the way we generate passive income in the world of cryptocurrencies. Each app on our list offers unique features and capabilities that cater to different trading preferences and experience levels.

1. Zignaly focuses on automated crypto copy trading, allowing users to follow expert traders and replicate their trades for potential profits.
2. Set Protocol provides a decentralized approach to crypto asset management, leveraging smart contracts and tokenized portfolios to offer exposure to various Ethereum-based assets and DeFi strategies.
3. One Click Crypto distinguishes itself as an easy-to-use DeFi yield aggregator, designed to simplify the process of creating, managing, and optimizing DeFi portfolios. Its user-friendly interface and AI-driven robo-advisor make it an attractive option for those new to the DeFi landscape.
4. Pionex offers a wide range of automated trading bots that cater to various strategies and goals, with the added convenience of not requiring API connections to third-party exchanges.
5. Cryptohopper revolutionizes automated crypto trading with its powerful, cloud-based platform that caters to both beginners and experienced traders. Offering advanced charting tools, algorithmic trading, and seamless exchange integrations, Cryptohopper simplifies the process of optimizing trading strategies and maximizing profits.

While each platform has its own strengths, One Click Crypto stands out with its focus on accessibility and efficiency, providing a premium solution for onboarding new users into the world of decentralized finance. However, the choice ultimately depends on your personal preferences and investment goals.