Unlocking the Power of Automation: Try These 5 Apps for Hassle-Free Trading & Farming
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.
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:
This approach is suitable for traders of all experience levels, but requires some technical knowledge and ability to set up initially.
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:
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.
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:
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.
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:
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.
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:
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.
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.
We regularly prepare insightful reports and case studies about crypto trading and the blockchain industry.
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