If you want to start automated crypto trading, you need to find the right trading bot. But with dozens of good automated trading platforms to choose from, finding the best bot can be challenging.
Today, I’ll be talking about two popular trading bots: Bitsgap and Cryptohopper. Bitsgap is an all-in-one trading platform that allows you to trade, view, and manage all your crypto assets from one place.
Cryptohopper is a dedicated automated trading bot that allows you to design and deploy strategies, copy traders, and more.
So, which bot is the best for you and why? Let’s find out.
Bitsgap vs. Cryptohopper: Supported Exchanges & Cryptocurrencies Comparison
Both Bitsgap and Cryptohopper support a wide range of crypto derivative exchanges and cryptocurrencies.
Bitsgap supports over 25 cryptocurrency exchanges. These include popular names like Binance, OKEX, KuCoin, Kraken, FTX, Bitfinex, Coinbase Pro, Huobi, HitBTC, Bittrex, Gate.io, and Liquid.
Bitsgap also supports new and less popular exchanges like Cex.io, Poloniex, Bitstamp, Coinbene, Gemini, LBANK, TheRock, EXMO, Bit-Z, Bithumb, and Bibox.
Coming to cryptocurrencies, Bitsgap lets you trade a wide range of trading pairs, comprising BTC, ETH, XRP, AAVE, ADA, USDT, and more.
Cryptohopper, on the other hand, supports fewer exchanges compared to Bitsgap. It supports KuCoin, Kraken, Huobi, Bitfinex, Poloniex, Coinbase Pro, Binance, Binance US, Bitvavo, Bitpanda, OKEX, and HitBTC. Nevertheless, it supports almost all the major exchanges.
When it comes to supported cryptocurrencies, Cryptohopper supports over 70 cryptocurrencies. These include all the major currencies like BTC, ETH, XRP, USDT, ADA, AAVE, DOT, BCH, etc.
Let’s also discuss the payment methods supported by the two platforms. Bitsgap supports MasterCard, VISA, PayPal, and 50+ cryptocurrencies, including BTC, LTC, and ETH.
Cryptohopper supports a wide range of payment methods, including MasterCard, VISA, American Express, Discover, Paypal, BitPay, iDEAL, Sofort Banking, Giro Pay, Bancontact, bank transfer, KBC/CBC, EPS, and Przelewy 24.
Verdict: It’s a tie, as both the platforms support all the major exchanges and cryptocurrencies.
Trading Tools, Strategies, Platform Features Comparison
Here’s where it gets really interesting. Bitsgap is one of the most feature-rich automated trading platforms in the market, but Cryptohopper takes it to the next level. Let’s compare the platform and features of Bitsgap and Cryptohopper.
Bitsgap has a cutting-edge trading terminal that lets you trade on any of the 25+ cryptocurrency exchanges using advanced tools and unparalleled benefits. Moreover, you don’t need to pay any extra trading fees.
Some essential features of Bitsgap’s trading terminal are TradingView charts, 100+ indicators, 50+ drawing tools, various chart types, day & night modes, various order types, and much more.
Bitsgap makes automated trading easy, fun, and efficient. You can set up automated trading bots with 25+ exchanges and increase your chances of profitability in every market. The bots enable smart strategy design, back-testing, and copying pre-defined strategies.
Bitsgap’s crypto arbitrage feature lets you profit from price fluctuations across different exchanges. You can set up a bot to buy and sell pairs on different exchanges at the same time. Since the same pair often trades at different prices on different exchanges, you can earn from this price difference.
With Bitsgap’s arbitrage trading bot, you can leverage over 400 arbitrage opportunities in a day and earn up to 20% profits from the price difference.
All traders can’t watch the screen the entire day. However, if you aren’t proactive, you might miss lucrative opportunities. Here’s where Bitsgap’s signals come into the picture. Bitsgap analyzes over 10,000 cryptocurrency pairs every second and identifies uptrend and downtrend opportunities.
Hence, you don’t need to actively look for trading opportunities. All you need to do is act on the signals.
With Bitsgap’s portfolio feature, you can manage your portfolio from one place. You can seamlessly import your holdings to Bitsgap and manage it from here without any additional costs. Moreover, the process is automated, so you don’t need to transfer all your assets manually.
Lastly, Bitsgap has a demo trading terminal that lets you get the gist of how the platform and the cryptocurrency market works. By setting up a demo account, you start trading virtual currencies without risking real money. Once you get confidence, you can use the real platform.
- Automated Trading
Cryptohopper provides an automated crypto trading bot that lets you trade cryptocurrencies automatically. Hence, you can take 24/7 data-driven trades with precision and increase your chances of earning profits in all types of markets.
- Exchange Arbitrage
Like Bitsgap, Cryptohopper has an arbitrage exchange that lets you earn profits by selling the same pairs on different exchanges at different prices. Supply and demand on different exchanges can cause a price difference. You can benefit by catching and capitalizing on these changes.
Cryptohopper’s arbitrage exchange bot identifies price differences across exchanges and makes trades for you automatically. This significantly increases your profit potential while minimizing your risk.
- Market Making Bot
Cryptohopper’s market-making bot allows you to trade on the spread and make the markets at the same time. Most cryptocurrency exchanges don’t charge a market maker fee, and some exchanges even offer a rebate on market maker offers.
Moreover, you don’t have to worry about crafting and testing different market-making strategies. Cryptohopper’s market-making bot leverages advanced configurations to deploy the best strategies.
- Mirror Trading
Why craft your strategy when you can mirror a strategy of a successful trader? Cryptohopper’s mirror trading feature lets you mirror other strategies anonymously. This feature enables you to follow expert traders and use indicator cheat sheets.
- Algorithm Intelligence (AI)
A unique feature of Cryptohopper is Algorithm Intelligence (AI). This feature tests your strategy on years of historical price data and determines its effectiveness and feasibility in the current market.
Gone are the days when you had to manually back-test each strategy. With Cryptohopper’s AI, you can automatically test and deploy the best-performing strategies.
- Trailing Stops
New traders often struggle with setting the proper stop loss. Sometimes, the price moves significantly in their direction, but they don’t change their stop loss, thereby taking a huge risk. That’s why it’s essential to trail your stop loss.
Cryptohopper lets you set and adjust your stop losses without any hassles. You can also use bots to automate your trailing stop losses based on market movements.
- Paper Trading
Paper trading is like demo trading available on Bitsgap. You can trade with virtual currency without paying any real money. You can back-test strategies and analyze their success rates. If they work well and you gain confidence in them, you can trade with real money.
- Strategy Designer
Cryptohopper also has a strategy designer feature where you can develop your own strategies for trending and sideways markets.
With an easy-to-use drag-and-drop strategy builder, you can develop your technical analysis, back-test it, and automate it using bots.
Verdict: Cryptohopper is the clear winner, as it offers more features than Bitsgap.
Pricing & Subscription Structure Comparison
Bitsgap and Cryptohopper have a monthly subscription-based pricing structure. You can subscribe to the platforms for a monthly fee and stop using them anytime you want to. This gives you a lot of flexibility over tools that require a hefty one-time payment.
However, the pricing and plans differ significantly between Bitsgap and Cryptohopper.
Let’s start with Bitsgap first.
Bitsgap has three plans: Basic, Advanced, and Pro priced at $29, $69, and $149 per month, respectively. The Basic plan comes with two active trading bots, grid bots, and unlimited smart orders.
The Advanced plan includes everything in the Basic plan, along with futures bots and trailing up/down for bots. The Pro plan has everything in the Advanced plan, along with 20 active trading bots, and takes profit for bots.
All plans have a fully automatic portfolio, 175+ indicators, multiple order types, support for 25+ exchanges, demo practice, pre-made bot trading strategies, cloud trading, mobile apps, and customer support.
You can save 17% on all Bitsgap plans by taking a membership for six months. Hence, the Basic, Advanced, and Pro plans become $24, $57, and $123 per month, respectively. Bitsgap has a free trial for all the versions.
Now, let’s come to Cryptohopper.
Cryptohopper has four plans: Pioneer, Explorer, Adventurer, and Hero. The Pioneer plan is free, whereas the Explored, Adventurer, and Hero plans are priced at $19, $49, and $99, respectively.
The Pioneer plan has 20 positions, manual trading, and support for all available exchanges. The Explorer plan has everything available with Pioneer, along with 80 positions, 15 selected coins, two triggers, one simulated trading bot, and TA with 10 min intervals.
The Adventurer plan has 200 positions, 50 coins, five triggers, one simulated trading bot, TA with 5 min intervals, and exchange arbitrage. The Hero plan supports 500 positions, 75 selected coins, ten triggers, all coins for signals, market-making and arbitrage, AI, and TA with 2 min intervals.
If you opt for the yearly plan, you can get the Explorer, Adventurer, and Hero plans for $16.58, $41.58, and $83.25, respectively. Cryptohopper also has a 7-day free trial for the Explorer version.
Verdict: Cryptohopper is the winner, as it offers more features for an affordable price tag.
Customer Support & Product Security
Both Bitsgap and Cryptohopper have been in the market for a while and boast robust security infrastructures. Let’s compare the security features implemented by the two exchanges.
Neither Bitsgap nor Cryptohopper stores users’ funds. Both platforms use APIs to facilitate transactions. Bitsgap and Cryptohopper only store API keys. And even if a hacker gets your API keys, they can’t use them to withdraw any funds from your account.
So, both Bitsgap and Cryptohopper do a great job when it comes to security.
Both the platforms also do a great job at providing top-notch customer service to their customers. Bitsgap is present on various channels to serve its customers. These include email, Twitter, and Telegram.
Bitsgap also has a live chat feature where you can interact with the customer support team. One of the best things about Bitsgap’s customer support is the fast response times. If you need an urgent response during work hours, you can expect it from Bitsgap.
Cryptohopper also has an excellent customer support team, though it focuses on empowering its customers with in-depth DIY guides. It has a vast knowledge base with an array of resources. If the resources don’t work, you can use the live chat feature to connect with the customer support team.
Cryptohopper provides support by email as well, and it also has a Twitter handle. Verdict: It’s a tie, as both the platforms have impressive customer support service.
Bitsgap vs Cryptohopper Strategies
The strategies offered are one of the first things to consider when choosing an automated trading platform. Let’s compare the strategies provided by Bitsgap and Cryptohopper and which platform is better.
Cryptohopper is a feature-rich platform. It offers a comprehensive range of trading strategies to choose from. Furthermore, you can reduce the level of automation and increase the level of control for all strategies.
Coming to specific strategies, Bitsgap supports only one trading strategy: Grid trading. It involves placing a series of buy and sell orders above and below the price. The idea here is to profit from small fluctuations in price against a small risk.
On the other hand, Cryptohopper supports automatic trading, exchange arbitrage, mirror trading, and grid trading. The availability of strategies depends on the plan you choose.
Verdict: Cryptohopper is the winner here, as it supports multiple strategy types.
Both Bitsgap and Cryptohopper are fantastic platforms; however, they have a few differences. Bitsgap is a simpler platform and is easy to use. If you’re looking for a grid trading bot with portfolio management capabilities, go for Bitsgap.
However, if you’re looking for an advanced bot that supports a wide range of strategies, Cryptohopper will be the ideal pick. It comes with powerful strategy designing, testing, and deployment features, making it suitable for professional traders and institutions.
In all, if you’re a beginner looking to start crypto bot trading, you can choose Bitsgap. If you want an advanced tool that supports various strategies, Cryptohopper will be an ideal pick.
Check out how Bitsgap & Cryptohopper compares to other crypto trading bots: