Cryptohopper vs Coinrule: Which Trading bot is better?

In today’s digital age, crypto trading has become an increasingly popular investment opportunity. However, keeping up with market trends and identifying profitable trades can be a time-consuming and challenging task. That’s where crypto trading bots like Cryptohopper and Coinrule come in handy.

Both these trading bots offer users a chance to automate their crypto trades, but which one is better for you? In this article, we’ll compare Cryptohopper vs Coinrule to help you make an informed decision.

Key Takeaways:

1. Cryptohopper offers more integrations with 16+ different crypto exchanges and wallets than Coinrule.
2. Cryptohopper is affordable at $15 per month whereas coinrule charges $29.99 per month.
3. Cryptohopper provides more extensive and customizable options for creating trading strategies, while Coinrule has a more limited selection.
4. Coinrule’s interface is more intuitive and user-friendly compared to Cryptohopper’s more complex and advanced interface due to a variety of trading strategies and marketplace.

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Cryptohopper vs Coinrule: Trading bots comparison

Overview of Cryptohopper and Coinrule

Cryptohopper is a cloud-based trading bot that allows users to automate their trading strategies across multiple exchanges. With Cryptohopper, users can create their own trading strategies using technical indicators and signals, as well as copy strategies from other successful traders. The platform also offers a marketplace where users can buy and sell trading strategies.

Coinrule is a similar trading bot that enables users to automate their trades across multiple exchanges. However, Coinrule focuses more on simplicity and ease of use, with a drag-and-drop interface that allows users to create trading rules without any coding skills. The platform also offers pre-built templates for various trading strategies, including stop-loss orders and market orders.

Features and Benefits of Cryptohopper

1. Strategy Designer

Cryptohopper’s Strategy Designer allows users to create custom trading strategies using a visual editor. The editor includes a drag-and-drop interface that lets users choose from a variety of technical indicators, candlestick patterns, and other trading signals. This feature is suitable for advanced users who want to fine-tune their trading strategies.

2. Marketplace

Cryptohopper’s Marketplace allows users to browse and purchase pre-built trading strategies created by other users. The Marketplace has a wide range of strategies, including scalping, trend following, and arbitrage strategies, and can be a great resource for new users who are not familiar with the platform.

3. Backtesting

Cryptohopper allows users to backtest their trading strategies using historical data to see how they would perform under different market conditions. This feature can help users optimize their strategies and avoid potential losses.

4. Trailing Stop-Loss

Cryptohopper’s Trailing Stop-Loss feature allows users to set stop-loss orders that follow the price of the asset as it moves in the user’s favor. This feature can help users minimize their losses and maximize their profits.

Features and Benefits of Coinrule

1. Rule Builder

Coinrule’s Rule Builder allows users to create trading rules using a simple and intuitive interface. The Rule Builder includes a variety of trading indicators and signals, as well as advanced options such as time-based rules and multi-exchange support.

2. Templates

Coinrule offers several pre-built templates that users can use as a starting point for their trading strategies. The templates include a variety of strategies, including trend following, mean reversion, and breakout strategies.

3. Paper Trading

Coinrule offers a paper trading feature that allows users to test their trading strategies in a simulated environment using real market data. This feature can help users evaluate their strategies before risking real money.

4. Advanced Order Types

Coinrule supports several advanced order types, including stop-loss, take-profit, and trailing stop-loss orders. These order types can help users minimize their losses and maximize their profits.

Related: Best Crypto Trading bots

Pricing: Cryptohopper vs Coinrule

Coinrule offers four pricing plans: Starter (Free), Hobbyist ($29.99/mo), Trader ($59.99/mo), and Pro ($449.99/mo).

• The Starter plan includes 2 Live Rules, 2 Demo Rules, 7 Template Strategies, 1 Connected Exchange, and up to $3k Monthly Trade Volume.
• The Hobbyist plan costs $29.99 per month (billed yearly at $359) and includes 7 Live Rules, 7 Demo Rules, 40 Template Strategies, 3 Connected Exchanges, and up to $300k Monthly Trade Volume.
• The Trader plan costs $59.99 per month (billed yearly at $719) and includes 15 Live Rules, 15 Demo Rules, Unlimited Template Strategies, 5 Connected Exchanges, and up to $3M Monthly Trade Volume.
• The Pro plan costs $449.99 per month (billed yearly at $5,399) and includes 50 Live Rules, 50 Demo Rules, Unlimited Template Strategies, Unlimited Exchanges, Unlimited Trade Volume, and Dedicated Server.

Cryptohopper offers four pricing plans: Pioneer (Free), Explorer ($16.58/mo), Adventurer ($41.58/mo), and Hero ($83.25/mo).

• The Pioneer plan is free and includes Unlimited Copy Bots, 20 open positions per exchange, and Portfolio Management.
• The Explorer plan costs $16.58 per month and includes everything from the Pioneer plan, plus 80 open positions per exchange, 10 min strategy interval checks, Scan markets with the power of 15 bots, 2 event-based triggers, Backtesting, Strategy Designer, Paper (simulated) trading, and Trading signals (Signalers).
• The Adventurer plan costs $41.58 per month and includes everything from the Explorer plan, plus 200 open positions per exchange, 5 min strategy interval checks, Scan markets with the power of 50 bots, and 5 event-based triggers.
• The Hero plan costs $83.25 per month and includes everything from the Adventurer plan, plus 500 open positions per exchange, 2-minute strategy interval checks, Scan markets with the power of 75 bots, 10 event-based triggers, A.I. strategies, and A.I designer, All coins for trading signals, Market Making & Arbitrage, and Extra Technical Indicators.

Supported Exchanges: Cryptohopper and Coinrule

Cryptohopper supports a wide range of exchanges, including Binance, Coinbase Pro, Huobi, and Kraken. Coinrule also supports several exchanges, including Binance, Bitfinex, Coinbase Pro, and Kraken. However, Cryptohopper supports more than 16 exchanges, whereas Coinrule only supports 10+ exchanges.

Customer Support: Cryptohopper or Coinrule

Both Cryptohopper and Coinrule offer excellent customer support. Cryptohopper has a comprehensive knowledge base, a ticketing system, and a community forum where users can get help from other users. Coinrule also has a knowledge base, a ticketing system, and a live chat feature where users can get help from the support team.

Security: Cryptohopper vs Coinrule

Both Cryptohopper and Coinrule take security seriously and implement several measures to protect users’ accounts and funds. Cryptohopper uses two-factor authentication (2FA) and API key encryption to secure user accounts. Coinrule also uses 2FA and API key encryption, as well as cold storage for users’ funds.

Related:

1. Pionex Vs Coinrule
2. Pionex Vs Cryptohopper
3. 3commas vs Cryptohopper

Pros and Cons: Cryptohopper and Coinrule

Cryptohopper Pros:

• Supports a wide range of trading indicators
• Offers a marketplace where users can purchase pre-built trading strategies
• Allows users to test their strategies using historical data
• Offers paper trading

Cryptohopper Cons:

• Steeper learning curve due to the platform’s extensive features
• The free plan offers limited features only

Coinrule Pros:

• Easy to use drag-and-drop interface
• Offers a free 7-day trial
• Supports several popular exchanges
• Allows users to set up alerts

Coinrule Cons:

• Limited trading indicators compared to Cryptohopper
• No marketplace for pre-built trading strategies
• No Mobile App

Conclusion

Choosing the best trading bot for your needs depends on several factors, including ease of use, pricing, supported exchanges, and features. Both Cryptohopper and Coinrule offer unique features and have their pros and cons.

Cryptohopper has a steeper learning curve but supports more trading indicators and offers a marketplace for pre-built trading strategies. Coinrule has a drag-and-drop interface that makes it easy to use but does not have a mobile app or free plan.

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