Cryptohopper vs Bitsgap: Which Automated bot is better?

Cryptocurrencies have been gaining more and more popularity over the years. Many investors have turned to trading bots to help them navigate the complex world of crypto trading.

In this article, we will compare two popular crypto trading bots, Cryptohopper and Bitsgap, to help you decide which one is the right choice for your trading needs.

Ket Takeaways:

1. Cryptohopper allows users to create and backtest custom indicators, while Bitsgap only offers a limited set of pre-built indicators.
2. Cryptohopper’s plans start at $15.58/month, while Bitsgap’s plans start at $23/month.
3. Cryptohopper offers more advanced trading bot features, such as the ability to set multiple target profit levels and trailing stops.

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Cryptohopper vs Bitsgap: The Ultimate Comparison

Cryptohopper and Bitsgap: A Brief Overview

What is Cryptohopper?

Cryptohopper is a cloud-based automated trading platform that allows users to automate their trading strategies across multiple exchanges. It offers a wide range of tools and features, including customizable trading bots, backtesting, and technical analysis indicators.

According to its website, Cryptohopper has over 200,000 registered users and has executed over 500 million trades since its launch in 2017. Users can connect Cryptohopper to multiple exchanges and trade on multiple markets simultaneously.

Features of Cryptohopper:

• Technical analysis indicators: It offers a wide range of technical analysis indicators that users can use to make automated trading strategies.
• Trailing stops: Cryptohopper allows users to set trailing stops to help protect their profits and minimize their losses.
• Social trading: It allows users to follow and copy the trades of successful traders.
• Multiple exchanges and markets: Cryptohopper allows users to connect to multiple exchanges and trade on multiple markets simultaneously.
• Backtesting: The platform allows users to test their trading strategies using historical data to see how they would perform in real-life scenarios.

What is Bitsgap?

Bitsgap is another popular crypto trading bot that offers a range of features to help users automate their trading strategies. It offers features such as arbitrage trading, portfolio management, and customizable trading bots. Users can also connect Bitsgap to multiple exchanges and trade on multiple markets.

Features of Bitsgap:

• Arbitrage trading: It offers an arbitrage trading feature that allows users to take advantage of price differences between different exchanges.
• Portfolio management: Bitsgap offers a portfolio management feature that allows users to track and manage their crypto investments in one place.
• Customizable trading bots: The Platform allows users to create their own trading bots using a simple drag-and-drop interface.

Related: Best Crypto Trading bots

Cryptohopper vs Bitsgap: Security Measures

Security is an essential consideration when choosing a trading bot, and both Bitsgap and CryptoHopper take security seriously. Both platforms offer two-factor authentication and use SSL encryption to protect user data. Additionally, Bitsgap has a security feature called API key encryption, which ensures that users’ API keys are stored securely.

Cryptohopper vs Bitsgap: Supported Exchange

Both Bitsgap and CryptoHopper support a wide range of cryptocurrency exchanges, including Binance, Bitfinex, and Coinbase Pro. However, Bitsgap supports more exchanges than Bitsgap, with over 16 exchanges supported compared to Cryptohopper’s 20 exchanges.

Some Popular exchanges supported are:

1. Bittrex
2. Bitvavo
3. EXMO
4. Bitpanda Pro
5. HitBTC
6. Binance
7. KuCoin
8. Crypto.com
9. Bybit
10. OKX
11. Huobi Pro
12. Coinbase Pro
13. Binance.us
14. Kraken
15. Poloniex
16. Bitfinex
17. Coinbase Advanced

Cryptohopper or Bitsgap: Pricing and Plans

Cryptohopper has four plans: Pioneer, Explorer, Adventurer, and Hero.

• The Pioneer plan is free and offers unlimited copy bots, 20 open positions per exchange, portfolio management, and free manual trading on all exchanges.
• The Explorer plan costs $16.58 per month and offers everything in the Pioneer plan plus 80 open positions per exchange, backtesting, strategy designer, paper trading, and trading signals.
• The Adventurer plan costs $41.58 per month and offers everything in the Explorer plan plus 200 open positions per exchange, and A.I. strategies and designer.
• Finally, the Hero plan costs $83.25 per month and offers everything in the Adventurer plan plus 500 open positions per exchange, all coins for trading signals, market making, and arbitrage.

Bitsgap has three plans: Basic, Advanced, and Pro.

• The Basic plan costs $29 per month or $23 per month if paid annually and offers 2 active GRID bots, 10 active DCA bots, and unlimited smart orders.
• The Advanced plan costs $69 per month or $55 per month if paid annually and offers 5 active GRID bots, 50 active DCA bots, unlimited smart orders, futures bots, and trailing up and down for bots.
• Finally, the Pro plan costs $149 per month or $119 per month if paid annually and offers 25 active GRID bots, 250 active DCA bots, unlimited smart orders, futures bots, trailing up and down for bots, and take profit for bots.

Bitsgap and CryptoHopper: Ease of Use and Mobile App

Both Bitsgap and CryptoHopper are known for their user-friendly interfaces, making them ideal for beginners and experienced traders alike. CryptoHopper, in particular, has an intuitive dashboard that is easy to navigate, with a wide range of pre-built trading strategies that users can customize to suit their trading style. Bitsgap also has a clean and straightforward interface, with all the essential features easily accessible from the main dashboard.

Both offer mobile apps, making it easy for users to monitor their trades on the go. CryptoHopper’s mobile app is available for both iOS and Android devices

Does Cryptohopper or Bitsgap offer customer support?

Both Cryptohopper and Bitsgap offer customer support through various channels, including email, live chat, and social media. Cryptohopper also offers a comprehensive knowledge base and tutorial videos to help users learn the platform’s features and functions. Bitsgap offers a community forum where users can ask and answer questions, as well as a Telegram group for live support.

Related:

1. Cryptohopper vs Shrimpy
2. Cryptohopper vs Coinrule
3. Pionex vs Cryptohopper
4. 3Commas vs Cryptohopper
5. Bitsgap vs Pionex

Bitsgap Vs CryptoHopper: Pros and Cons

Bitsgap Pros

• Offers arbitrage trading.
• Clean and easy-to-use interface.
• Supports a wide range of exchanges.
• Offers a demo trading account for users to practice with.
• Provides a trading journal to help users track their trades and performance.
• Offers a wide range of technical analysis tools and indicators for users to use.

Bitsgap Cons

• Mobile apps are only available for Android devices.
• Expensive compared to Cryptohopper

CryptoHopper Pros

• Intuitive and customizable trading strategies.
• Supports a wide range of exchanges.
• Integrates with TradingView.
• Offers a marketplace where users can buy and sell trading strategies.
• Has a large and active community of users who share tips and strategies.
• Allows users to set up trailing stop-loss orders.

CryptoHopper Cons

• Can be overwhelming for new users due to the number of features and options available.
• Higher-priced plans may not be suitable for beginner traders.
• Some users have reported difficulty setting up the platform initially.

Final Thoughts: Which is better?

When deciding which platform to use, it’s important to consider factors such as ease of use, security, pricing, and mobile app availability, as well as the exchanges supported by each platform.

If you’re looking for a platform that offers advanced features like arbitrage trading, Bitsgap may be the better choice. However, if you’re looking for a platform with intuitive and customizable trading strategies, CryptoHopper may be the way to go.

Regardless of which platform you choose, it’s important to always practice proper risk management and carefully consider your trading decisions. Automated trading can be a powerful tool, but it’s not a guaranteed path to success in the volatile world of cryptocurrency.

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