It might be difficult to navigate the cryptocurrency market. It takes endless hours to learn the lingo, understand the inner workings of each cryptocurrency, and project how its price could change in the future. However, what if I told you that by utilising reputable cryptocurrency robo-advisors, you could save a ton of time? Yes! It is now possible with robo-advisors. 

You don’t have to do it alone if you’re a novice investor in the cryptocurrency space. An automated cryptocurrency investing platform known as a “crypto robo advisor” can help you manage the unpredictable and complicated cryptocurrency market. In this article, we’ll look at five cryptocurrency robo-advisors that will help automate your trades. 

What Is A Crypto Robo Advisor?

You may be familiar with robo advisers, which employ algorithms and automation systems to let you “set it and forget it” when it comes to your stock market investing. A program called a “crypto robo advisor” enables you to automate the cryptocurrency investment process.

Several traditional robo advisers now provide the ability to invest in cryptocurrency in methods that are frequently simpler or more automated than via a cryptocurrency exchange. 

Concerning cryptocurrency trading bots like profit edge, these programs allow you to program and automate several trading rules. While purchasing cryptocurrency through a robo adviser is preferable for investors who wish to hold for the long term, this is more suited for those who are hoping to trade it actively.

How Do Crypto-Advisory Robots Work?

Typically, cryptocurrency robo-advisors examine your investing objectives, risk tolerance, and skill level to generate a personalized portfolio. To begin the process, you will need to complete a questionnaire that will help you construct a unique investor profile that the robo-advisor will require to build your portfolio. The platform will construct a portfolio that aims to optimize your returns while adhering to your risk tolerance.

Active portfolio management is the next step for a customized portfolio. In 2023, some of the most well-known cryptocurrency robo-advisors will continuously watch the market and make necessary adjustments to your portfolio to make sure it stays within your investing objectives. Rebalancing is the process by which the platform purchases and sells cryptocurrencies to bring the allocations in your portfolio back to the original goals for diversity.

List Of The 5 Best Crypto-Robo Advisor

You should think about whether the crypto robo adviser you choose supports the cryptocurrency you wish to invest in and if the product they offer aligns with your investment objectives while searching for the finest one. Fees, minimum investment restrictions, and the kinds of accounts they provide are other things to think about. Here are a few of the top cryptocurrency robo advisers for 2022, keeping that in mind.

1. eToro

Founded in 2007, eToro is a social trading platform and multi-asset brokerage. It has become more well-known as a top online marketplace for social trading and investment in a variety of financial instruments, including stocks, cryptocurrencies, commodities, FX, and other assets.

While eToro offers certain portfolio management and social trading features that are similar to those of robo-advisors, it’s vital to keep in mind that eToro’s primary role is social trading, and its platform might not accurately replicate the services offered by specialized robo-advisory companies. The firm provides robo-advice services in the cryptocurrency space through its “Smart Portfolios,” which are intended to assist investors in building diverse cryptocurrency portfolios.

2. Wealthfront 

A US-based Robo-advisor called Wealthfront offers a variety of investing portfolios depending on your risk tolerance and financial objectives. Wealthfront offers a cryptocurrency exposure option in addition to the standard automated portfolios. Users may access both the Grayscale Ethereum Trust (ETHE) and the Grayscale Bitcoin Trust (GBTC) via it. 

These products expose you to the volatility of the prices of Ethereum and Bitcoin, respectively, and function similarly to ETFs. You may invest no more than 10% of the entire value of your portfolio in cryptocurrencies. The minimum balance required to begin investing with Wealthfront is $500, and opening an account is restricted to US residents only.

3. Betterment

Known for its extensive suite of investment management services designed specifically for TradFi customers, Betterment is a trailblazer in the robo-advising industry. Users now have access to the volatile world of cryptocurrencies thanks to the platform’s recent decision to expand its services into the cryptocurrency market. Betterment asks users a series of questions to ascertain their time horizon, risk tolerance, and financial objectives. It generates a customized portfolio based on the replies, mostly made up of inexpensive exchange-traded funds (ETFs) that cover many cryptocurrency classes, offering a substantial degree of diversity.

4. Learn 2 Trade

Learn 2 Trade is an automated trading platform, trading community, and crypto signals provider that leverages more than 1500 lines of code and more than 100 indicators to identify optimal trading situations and recommend trading strategies to its users. This robot adviser is dependent on the knowledge of more than 75,000 traders. Many of them have used their trading knowledge and tactics to develop an algorithm that uses Telegram to notify subscribers of trade alerts regularly. The warnings are fast and take into account all aspects of the market so that traders may respond to them and benefit. 

Learn 2 Trade provides customers with an automated trading platform using Cornix, a trading robot that yields a nearly 79% success rate. Learn 2 Trade may be integrated with Binance and Bybit, which are two cryptocurrency exchanges ranked in the top 10 by CoinMarketCap, using Cornix. All things considered, Learn 2 Trade is a fantastic choice for anyone searching for a robo adviser and a trading community that can assist in making cryptocurrency trading under unpredictable market circumstances simpler.

5. Coinrule

Even if you don’t know how to write code, Coinrule is a cryptocurrency trading bot that makes it simple to automate the trading process and set up trading rules. One of the greatest cryptocurrency robo advisers for those who wish to trade cryptocurrency actively is Coinrule, which aims to enable regular investors to compete with expert traders without requiring them to learn how to program. 

You can use one of the pre-made templates provided by the software, or you can drag & drop different rules to design your own trading strategy. This helps you maintain an active trading strategy more easily without requiring you to sit in front of your computer every five minutes to monitor the price of Bitcoin. It also lets you automate a trading strategy without the need to write any code.

6. Shrimpy Advisory

The newest player in the cryptocurrency robo-advisory market is Shrimpy Advisory. With the SEC-registered platform, you don’t need any prior industry experience to begin investing in cryptocurrencies fast and easily. You have the option to build your own unique portfolio or choose from a variety of pre-built, diversified cryptocurrency portfolios. Investing in cryptocurrency may be automated by Shrimpy Advisory for investors of any experience level. 

All you need to do to get started is respond to a few questions, after which the platform will evaluate your time horizon and risk tolerance and build a carefully chosen portfolio of cryptocurrency investments that fit your financial objectives.

7. Titan Crypto

Titan Robotic Advisor Titan provides the option to invest in Titan Crypto, an actively managed, diverse cryptocurrency fund overseen by its investment experts. Consider it as investing in cryptocurrency equivalent to an index fund. 

Their fund is designed for long-term investors and is primarily focused on large-cap bitcoin investments. You only need to sit back and watch your assets increase as their experts constantly rebalance the fund and make tactical transactions when needed.

Conclusion

Blockchain Although robo-advisors are still relatively young, the increasing demand for cryptocurrency-related ETFs and portfolios is driving many robo-advisors to provide crypto-related ETFs or portfolios. Look for a crypto Robo-advisor that supports the cryptocurrency you want to invest in or gain exposure to when choosing one. Look into if they invest in the coins directly or if they provide you exposure indirectly through ETFs and funds that are tied to cryptocurrencies. Additionally, we advise you to review the costs associated with the minimum balance requirements.