Bitsgap Vs CryptoHopper: Which One Should Be Your Choice to Automate Trading?
As a cryptocurrency trader, you're always looking for ways to automate your trading and take your profits to the next level. When it comes to automation, there are two main platforms that stand out: Bitsgap and CryptoHopper. Both tools offer a wide range of features, but there are some key differences between them. So how do you decide which is the best bot for your needs?
In this comparison guide, we'll take a closer look at both platforms and help you make an informed decision about which one is right for you. Let’s get started!
Bitsgap Vs CryptoHopper: A Brief Overview
The Bitsgap platform is an intuitive and easy-to-use crypto trading tool that allows you the trader, to access 25+ different cryptocurrency exchanges in one place. It’s simple; just choose what you’re interested in buying or selling then commit those funds. Bitsgap's arbitrage feature is a great way to make easy money. You just have to find opportunities that gap between the prices on different exchanges, and then buy when there's an imbalance in value.
The bots of Bitsgap are designed with a focus on providing maximum profit and minimum time investment. They automatically close in on profitable deals by day traders, achieving profits that would be hard for even the most skilled trader to match.
The Bitsgap team is a group of dedicated developers who have been working hard to create an all-inclusive portfolio management software for crypto traders. They started from scratch in 2018 with this vision and it's paying off.
Their product has grown over time to become one of the most popular trading platforms in crypto. With all this expansive functionality, it's no surprise that they can accommodate newcomers and veterans alike with different needs. They have everything from those just starting out on their journey through cryptocurrencies or experienced traders looking for something more adventurous.
Bitsgap has fewer competitors than Cryptohooper as they offer the manual trading option and the best Bitsgap alternative is Altrady, offering more functionalities and the possibility of more than one account per exchange–this is a major limitation, especially for bot trading for which many users like to segregate their funds.
CryptoHopper is an online platform that allows you to make full use of a trading bot. The CryptoHopper bot was first launched in 2017, and now it has facilitated over 140 thousand trades for people all around the world. It is a semi-automated bot that only does what you want it to when programmed with the right intentions.
For example, your primary objective in mind was to purchase Bitcoin whenever its value increased by more than 5% over 24 hours. This would be just one outcome from many other possible outcomes depending on how skillful programmers decide to program their bots.
The CryptoHopper bot is compatible with thirteen leading cryptocurrency exchanges, which means that you can set it up to trade on any of these platforms. This will help ensure your automated trader has enough liquidity - 24 hours per day.
The platform offers a wide range of features to traders at various levels. Whether you're an experienced investor or just getting started, the platform has something that will suit any trader's style and taste.
In the last, CryptoHopper not only provides you with the ability to beat your competition but also gives users access for free. Their pricing plans are affordable and will vary depending on what kind of use they need from it.
There are many Cryptohooper alternatives in the market and Altrady is the best alternative to Cryptohooper in 2022. Offering you the option for manual trading and not just bots. Try now 14 days for free.
|Bot types||3 categories: Trading Bot, Market Maker, Arbitrage||Multiple GRID bots|
|Exchange support||13 exchanges, including 4 official partners - HitBTC, OKEx, Bitpanda Pro, Bitvavo||28 exchanges (FTX, Bitfinex, Huobi, Coinbase Pro, Bittrex, HitBTC)|
|Ideal for||Advanced traders||Medium-level to advanced|
|Customer support||Email, Phone number, Internal chat||Help Center, Live chat|
|Education||CryptoHopper Academy, tutorials, Facebook learning community||Educational hub|
Bitsgap Vs CryptoHopper: Features Comparison
Bitsgap is a bot that connects to multiple exchanges through one interface. It offers features like arbitrage, portfolio management, and automated trading.
CryptoHopper is a bot that allows you to trade automatically on different exchanges. It offers features like backtesting, trailing stop loss, and automated trade execution.
Both bots have their own advantages and disadvantages. Let's take a closer look at each bot to see which one is better for you.
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Features of Bitsgap
Arbitrage is a trading strategy that involves buying and selling assets in order to profit from the price differences between different markets. Bitsgap is designed to be an all-in-one solution for cryptocurrency arbitrage trading. The platform allows users to connect to different exchanges and view real-time prices for all supported cryptocurrencies. The arbitration filter allows users to narrow down the list of exchanges to only those that have the best arbitrage opportunities.
- Portfolio Management
Apart from its great user interface, Bitsgap also offers an excellent portfolio management feature. This feature allows you to track all your digital assets in a single place. You can add new coins and tokens by simply searching for them on the exchange’s database. The portfolio management feature also provides detailed information about each asset. For example, you can see the current price, 24-hour volume, and percentage change of each asset. This information can help you make better investment decisions.
- Automated Trading
It has been shown to be effective in helping people to make money through trading. Additionally, it is easy to use and can be configured in a way that meets the needs of each individual user. Finally, it is reliable and has a track record of being able to help people to make money through trading. For these reasons, it is highly recommended that people use the Bitsgap automated trading feature when trading cryptocurrencies.
Features of CryptoHopper
It offers a backtesting feature to its users that allows them to test their trading strategies on historical data. This is a very important feature, as it allows traders to analyze their strategies and improve them before risking any real money. The backtesting feature offered by CryptoHopper is very comprehensive.
It allows traders to test their strategies on a wide range of cryptocurrencies and exchanges. It also provides detailed reports that help traders understand how their strategies performed. Overall, the backtesting feature offered by CryptoHopper is impressive and can help traders improve their trading skills.
- Trailing Stop Loss
As we all know; the trailing stop loss is a very important feature in trading. It helps us to lock in our profits and prevent us from losing money in case the market turns against us. The CryptoHopper trailing stop loss feature is one of the best in the business. It is very user-friendly and easy to use.
You can set it up in just a few minutes and it will start working immediately. For example, it is a great way to protect your investment from sudden market changes. Moreover, it can also help you to maximize your profits by automatically selling your coins when they reach a certain price.
- Automated Trade Execution
The CryptoHopper automated trade execution feature is designed to take the guesswork and emotion out of trading by automatically executing trades on your behalf. It can be an extremely useful tool for those who want to make the most of their trading activities.
By using this feature, you can place trades without having to monitor the market or your positions constantly. This can free up a significant amount of time and energy, which can be better spent elsewhere. Additionally, it can help you to avoid making costly mistakes that could result in losses.
So, which bot is better? It really depends on what you are looking for. If you are looking for a bot that offers arbitration and portfolio management, Bitsgap is the better option. If you are looking for a bot with backtesting and automated trade execution, then CryptoHopper is the better option.
Bitsgap Vs CryptoHopper: Ease of Use
There is no doubt that both Bitsgap and CryptoHopper are great crypto trading bots with a lot to offer. However, when it comes to ease of use, we have to give the edge to CryptoHopper. The bot is extremely user-friendly and even complete beginners will be able to get started with it without any problems. Bitsgap, on the other hand, is a bit more complicated and might require some prior knowledge of crypto trading in order to be used effectively.
This is not to say that Bitsgap is a bad bot – it’s just that CryptoHopper is a little bit easier to use, which can be a big plus for beginners. Overall, both bots are great options and will definitely help you improve your trading results, but if you’re looking for the easiest way to get started, then CryptoHopper is the better option.
Bitsgap Vs CryptoHopper: Security
Bitsgap security is the best in the market. They take data security and user privacy very seriously. Their systems are designed with multiple layers of security, including firewalls, intrusion detection systems, and password protection. In addition, the platform uses encryption technology to protect your data during transmission.
Also, they do not sell or share your personal information with any third parties. Bitsgap has a number of security features in place, including two-factor authentication and a host of encryption technologies. You can be confident that your data is safe when it is stored on Bitsgap servers.
In addition to the security features that are built into Bitsgap, they also offer a number of resources to help you keep your data safe. The blog includes a number of articles on how to stay safe online, and the support team is always happy to help with any questions you have.
CryptoHopper is said to be one of the most secure cryptocurrency trading platforms in the world. It has a number of features that make it very difficult for hackers to penetrate. For example, all user data is encrypted and stored in multiple locations. In addition, two-factor authentication is required for all account logins.
These security measures have helped CryptoHopper maintain a perfect track record when it comes to hacking attacks. There have been no successful breaches to date, which is a testament to the platform’s robust security measures. Overall, CryptoHopper is an incredibly safe and secure way to trade cryptocurrencies.
Bitsgap Vs CryptoHopper: Community & Reputation
When it comes to community and reputation, both Bitsgap and CryptoHopper have strong points. However, CryptoHopper has a slight edge over Bitsgap in this area. CryptoHopper has an active community of users who are always willing to help each other out, and the platform also has a good reputation among industry experts. Bitsgap has a strong community, but it's not quite as large as CryptoHopper's.
Pricing Plan of Bitsgap
As we mentioned before, Bitsgap has three different pricing plans - Basic, Pro, and Business. In this section, we will give you a comprehensive overview of all three plans so that you can decide which one suits your needs the best.
The Basic plan is the most affordable option and it gives you access to all the essential features that you need to start trading cryptocurrencies. With this plan, you can connect up to 2 exchanges, use 8 bots simultaneously, and get 24/7 live support. The price for the Basic plan is $19 per month.
The Pro plan is the next step up and it gives you access to even more features than the Basic plan. With this plan, can connect up to 10 exchanges, use 50 bots simultaneously, and get 24/7 live support. The price for the Pro plan is $99 per month.
The Business plan is the most comprehensive option and it gives you access to all the features of both the Basic and Pro plans. With this plan, you can connect up to 20 exchanges, use 100 bots simultaneously, and get 24/7 live support. The price for the Business plan is $499 per month.
Pricing Plan of CryptoHopper
There are three pricing plans available on CryptoHopper: starter, pro, and business. The starter plan is for investors with small account sizes, the pro plan is for those with medium account sizes, and the business plan is for those with large account sizes.
The starter plan has a monthly fee of $20, the pro plan has a monthly fee of $50, and the business plan has a monthly fee of $100. All plans include unlimited exchanges, 24/7 support, and market analysis.
The starter plan allows you to make up to five trades per month, the pro plan allows you to make up to 50 trades per month, and the business plan allows you to make an unlimited number of trades per month.
The biggest difference between the plans is the account size limit. The starter plan has a limit of $500, the pro plan has a limit of $5,000, and the business plan has a limit of $50,000. If you are a professional trader with large account size, then the business plan is likely the best option for you. However, if you are new to investing or have a smaller account size, then the starter or pro plans might be better options for you.
Bitsgap Vs CryptoHopper: Pros & Cons
PROS of Bitsgap
- The bot is designed to work with the most popular exchanges.
- The ability to customize trading strategies.
- Support for multiple languages.
- A user-friendly interface.
- Offers a free trial period.
CONS Of Bitsgap
- It's a relatively new platform and it does not offer all the features.
- Doesn't have a mobile application.
PROS of CryptoHopper
- Can trade on multiple exchanges at once.
- Four-level referral system.
- Can backtest strategies.
- Cloud-based so it can run 24/7.
CONS of CryptoHopper
- Can be expensive if you are trading on multiple exchanges.
- Customer service can be unresponsive at times.
Bitsgap Vs CryptoHopper: FAQs
What is the difference between Bitsgap and CryptoHopper?
Bitsgap is a comprehensive crypto trading platform that offers users powerful tools for managing their portfolios, analyzing markets, and executing trades. CryptoHopper is a cloud-based crypto trading bot that enables users to automate their trading strategies.
What are the benefits of using CryptoHopper over Bitsgap?
CryptoHopper has several benefits over Bitsgap. First, it is much easier to use, especially for beginners. Second, it offers more customization options and allows users to test their strategies before live trading. Finally, it includes features like trailing stop loss and take profit, which can help users maximize their profits.
Which platform is more expensive?
Bitsgap is more expensive than CryptoHopper. A monthly subscription to Bitsgap starts at $29, while a monthly subscription to CryptoHopper starts at $19.99.
Which platform offers more features?
Bitsgap offers more features than CryptoHopper. For example, Bitsgap includes a portfolio tracker and allows users to trade on multiple exchanges through one account. CryptoHopper, on the other hand, only supports automated trading on a single exchange.
Conclusion: Which One Is Better?
So, which platform is better? It really depends on your needs as a trader. CryptoHopper also offers a paper trading feature that allows users to test out their strategies before risking real capital, which is not available on Bitsgap. If you're looking for a comprehensive all-in-one solution, Bitsgap is the better choice. But if you're looking for more flexibility and customization options when it comes to your bot trading strategies, CryptoHopper is the better option.