Bitsgap vs Cryptohopper: Which Crypto Trading Bot is Better?

Have you ever wished you could tirelessly monitor the unpredictable world of cryptocurrency and precisely execute trades 24/7? That’s where crypto trading bots like Bitsgap and Cryptohopper become your secret weapon. They transform your crypto trading aspirations into a reality. But with so many crypto automated trading bots, how do you pick the right one to ride the volatile crypto waves?

Today, we dive deep into a comprehensive comparison between Bitsgap and Cryptohopper, guided by the insights and personal experiences of Zephyr Maddox, a seasoned expert from TradingAnytime.com. With a keen eye for detail and a wealth of knowledge in cryptocurrency trading, Zephyr helps us navigate these platforms’ features, benefits, and nuances, ensuring you’re equipped to make an informed decision.

 

Bitsgap vs Cryptohopper: The Ultimate Comparison

For those short on time (we hear you!), here’s the gist:

Side-by-side Comparison

 

Feature	Bitsgap	Cryptohopper
Launched Date	2018	2017
Company Background	Estonian Startup	Dutch Company
Types of Trading Bots Offered	GRID Bot, DCA Bot, BTD Bot,COMBO Bot, DCA Futures Bot	Automatic Trading Bot, Copy Bot, Market Maker, Arbitrage, AI Trading
Suitable for	Novices & Pros	Beginners, Experienced,Social Traders
Market	Spot, Futures	Spot Trading
AI Trading Capabilities	Basic AI-powered grid bot	Train Your AI (Hero Package)
Supported Exchanges	16	17
Payment Methods	Paypal, Credit Card, Crypto	Paypal, Credit Card, Crypto
Free Trial Period	7 days *No credit card required	3 days (Explorer Plan) *No credit card required
Paper Trading/Demo Trading	Yes	Yes
Backtesting	Yes	Advanced Backtesting
Pricing Plans	3 Tiers ($29-$149/month)	3 Tiers ($29-$129/month)
Marketplace	No	Buy/Rent Bots, Strategies
Social Trading	No	Robust Community, Mirror Trading
Mobile App	Web App	Yes (IOS & Android)
Target Audience	Beginners, Passive Traders	Active Traders, Experienced
Strengths	Portfolio Management, Set-and-Forget Strategies.	Advanced Customization, Social Trading
Customer Support	Email, Live Chat	Email, Live Chat

Who Is Bitsgap Best Suited For?

• Auto-Trading Enthusiasts: Ideal for traders who prefer automated strategies like grid and DCA bots for passive, long-term gains.
• Beginner-Friendly: Its intuitive design makes it easy for beginners to navigate complex trading strategies.
• Data-Oriented Traders: Offers advanced backtesting tools for strategy optimization based on historical data.

Jumpstart your trading with Bitsgap! Start your 7-day free trial today, no credit card needed. Discover advanced trading made simple. Begin now!

 

Who Will Thrive with Cryptohopper?

• Technical Analysis Users: Perfect for traders relying heavily on technical indicators for trading decisions.
• Ease-of-Use Seekers: Accessible to all levels of traders, thanks to its user-friendly interface.
• AI Strategy Optimizers: Suitable for those interested in using AI to automatically select and optimize trading strategies.
• Aspiring Crypto Professionals: Perfect for individuals aiming to make crypto trading their career by selling signals and strategies on Cryptohopper’s marketplace.

Transform your trading with CryptoHopper. Seamless automation awaits. Click to embark now!

Bitsgap vs. Cryptohopper: A Quick Look

Bitsgap

Bitsgap is an all-in-one cryptocurrency trading platform that excels in portfolio management, trading across multiple exchanges, and automated strategies. Here are some of its key features:

• Portfolio Tracking: Consolidate all your crypto holdings in one place for easy monitoring.
• Wide Exchange Integration: Seamlessly trade across 30+ popular exchanges through a unified interface.
• Smart Orders: Execute advanced order types for greater flexibility.
• Demo Mode: Practice risk-free with paper trading.

Cryptohopper

Cryptohopper is a cloud-based automated crypto trading bot designed for simplicity and accessibility. Here’s a glimpse into its core offerings:

• 24/7 Automated Trading: Execute pre-configured trading strategies even while you sleep.
• Pre-built and Customizable Bots: Choose from templates or build your own bots.
• Technical Indicators: Utilize over 130 indicators to inform your bot’s decisions.
• Trailing Stops: Secure profits or limit losses dynamically during trades.
• Social Trading: Follow and copy experienced traders’ strategies.
• Extensive Backtesting: Test strategies against historical data to gauge potential.
• Strategy designer for custom trading strategies.
• Mobile app for trading on the go.

Supported Exchanges & Trading Pairs

The first step to choosing the right trading platform is ensuring it supports your favorite exchanges and cryptocurrencies.  Let’s see how Bitsgap and Cryptohopper stack up:

 Bitsgap

Bitsgap’s ability to integrate seamlessly with over 15 major cryptocurrency exchanges stands out. This integration allows traders to manage their portfolios across multiple platforms from a single interface, making it easier to execute trades, monitor markets, and adjust strategies in real-time. The platform supports many trading pairs, ensuring traders can access a broad market scope.

This wide-ranging support makes Bitsgap particularly appealing for traders who operate with diverse portfolios and value the ability to switch strategies and trading pairs without the need to navigate different exchange platforms.

• Binance
• Coinbase Pro
• FTX
• Kraken
• KuCoin
• Gemini
• OKX
• Bybit

Cryptohopper

Cryptohopper caters to popular favorites with around 17 supported exchanges, such as:

• Binance
• Coinbase Pro
• FTX
• Kucoin
• Huobi
• Kraken
• Bitvavo
• OKX

Important Considerations:

• Your Preferred Exchanges: Platform compatibility is essential if you frequently trade on a specific exchange.

Trading Pairs: Double-check that your desired crypto trading pairs (e.g. ETH/BTC) are available on your chosen platform.

Trading Bots & Automation Capabilities

The automation capabilities of a trading platform can significantly impact the effectiveness and efficiency of trading strategies. Both Bitsgap and Cryptohopper excel in this domain but offer distinct features and tools that cater to different types of traders.

 

Bitsgap: Simplifying Automation with Diverse Bots

Bitsgap is renowned for its range of automated trading bots, including grid and DCA (Dollar Cost Averaging) bots, designed to simplify the trading process for beginners and seasoned traders. 

 

These bots automate trading strategies based on predefined parameters and market conditions, enabling traders to capitalize on market volatility without constant monitoring. The platform’s user-friendly interface allows for easy setup and customization of bots, making it an excellent choice for those new to automated trading.

Cryptohopper: Customization at the Core of Trading Automation

Cryptohopper takes a different approach by emphasizing the customization of trading strategies through its algorithmic trading bots. The platform offers advanced tools for creating, testing, and deploying automated strategies, including using AI to optimize these strategies. 

With features like backtesting, Strategy Designer, and Algorithm Intelligence, Cryptohopper appeals to traders who seek to develop and refine their unique trading strategies based on historical data and market analysis.

Take your trading to the next level with CryptoHopper’s 3-day free trial. Discover advanced tools and automation without any commitment. Try it today!

User Interface & Experience

 

Bitsgap: Clarity Meets Efficiency

Bitsgap offers an intuitive and feature-rich UI, allowing traders to navigate the complexities of cryptocurrency trading with relative ease.  The onboarding process is streamlined, introducing new users to the platform’s functionalities without overwhelming them.

For experienced traders, Bitsgap provides a wealth of data and customizability, including detailed charts and many technical indicators for comprehensive analysis. The learning curve is well-balanced, ensuring users can quickly become proficient with the platform.

 

Cryptohopper: Customization at the Forefront

Cryptohopper emphasizes a customizable trading experience. Users can tailor their dashboard to fit their trading style and preferences, making the platform feel like a personal trading assistant. 

The UI accommodates various complex strategies, from simple automated bots to sophisticated algorithmic trading. The platform also offers educational resources, which help flatten the learning curve for newcomers and enable experienced traders to refine their skills further.

Mobile App & Platform Accessibility

In today’s fast-paced trading environment, mobile platform access is crucial. Cryptohopper offers a mobile app that allows traders to monitor and adjust their trades on the go, which is a significant advantage for those who prefer mobile access. 

Bitsgap while lacking a dedicated mobile app, ensures its platform is accessible and functional across various web-enabled devices.

 

Paper Trading (Demo Account)

Before deploying your money into the live market, it’s wise to test the waters with risk-free methods. Here’s where paper trading and backtesting come into play:

Paper Trading

• Bitsgap: Includes a demo mode that allows you to simulate trades with play money without risking real capital.

Cryptohopper: Offers paper trading functionality, enabling you to test your bots and strategies in real-time market conditions without using actual funds.

Backtesting and Strategy Testing

Before deploying your automated strategies into the live market, it’s crucial to test them against historical data.  Both Bitsgap and Cryptohopper offer robust backtesting tools to help you assess and refine your approach.

Bitsgap Backtesting: A Visual Approach to Strategy Optimization

• Bitsgap: Bitsgap possesses robust backtesting capabilities, letting you analyze how your strategies would have performed based on historical market data. 

You can select various trading pairs and even incorporate transaction fees into your backtesting to get a more realistic simulation of your strategy’s performance.

 

Cryptohopper Backtesting: Comprehensive Market Analysis

Cryptohopper’s backtesting feature is a robust tool that allows traders to test their strategies with historical data to estimate future performance. It’s designed to be a predictive tool, providing insights on whether a strategy might be profitable when implemented with real capital.

The platform emphasizes the importance of considering all trading costs in the simulation, including brokerage fees, trading fees, and slippage charges, to give traders an accurate assessment of potential profitability.

Cryptohopper also enables testing various configurations and settings to fine-tune strategies, including Stop-Loss and Trailing Stop-Loss.

This comprehensive approach to backtesting helps traders adjust their strategies in current market conditions, considering that historical success does not guarantee future results. The platform suggests using backtesting as one of many tools to create effective trading strategies.

Key Benefits of Backtesting

• Build Confidence: Experiment and gain experience without the pressure of real losses.
• Refine Strategies: Identify weaknesses and optimize your bots before risking your capital.
• Market Experience: Get a feel for live market behavior in a safe environment.

Also features advanced backtesting tools, providing crucial insights into a strategy’s historical performance and potential viability.

Pricing Details and Plans

Understanding the cost structure of your chosen trading platform is critical, as it can impact your overall trading strategy and profitability. Here’s a straightforward comparison of Bitsgap and Cryptohopper’s pricing models to help you make an informed decision.

Bitsgap Pricing

Basic Plan: Ideal for beginners with limited bots and basic features.

Advanced Plan: Includes more bots and enhanced features, suitable for intermediate traders.

Pro Plan: Offers the full range of bots and priority support designed for serious traders.

 

Cryptohopper Pricing

Pioneer Plan: A FREE introductory plan with basic features.

Explorer Plan: Starter package with essential tools for new traders.

Adventurer Plan: Adds more advanced features and increased bot capacity.

Hero Plan: Full access to all features, including premium tools, more sophisticated AI capabilities for professional traders.

Explore CryptoHopper for 3 days, absolutely free! Unleash the potential of automated trading and elevate your crypto journey. Begin now!

Subscription Insights

Free Trial: Both platforms offer a free trial for testing their services.

Discounts: Long-term commitments often come with a cost-benefit.

Payment Methods: Accept credit cards, PayPal, and various cryptocurrencies.

Security Measures

In the digital age, the safety and security of funds and personal data are paramount for any online platform, especially in cryptocurrency trading. Bitsgap and Cryptohopper understand the significance of robust security measures to protect their users.

 

Bitsgap’s Protective Layers

Two-Factor Authentication (2FA): Adds an extra layer of security at login, ensuring that only authorized users can access their accounts.
API Key Encryption: Uses high-level encryption for API keys, meaning your exchange credentials are not directly accessible.
Session Control: Monitors sessions actively and provides automatic timeouts for inactive sessions to prevent unauthorized access.
Regular Security Audits: Conducts frequent security checks and audits to maintain a secure trading environment.

 

Cryptohopper’s Security Provisions

Two-Factor Authentication (2FA): Cryptohopper also employs two-factor authentication, securing login processes and withdrawal confirmations.
Cloud-Based Solution: Reduces the risk of server downtime and hacking incidents, ensuring continuous monitoring and trading.
Data Encryption: Employs advanced encryption techniques to safeguard personal information and trading data.
Regular Updates: It continuously updates its system to address potential vulnerabilities and integrate the latest security protocols.

 

Customer Support Comparison

Customer support is another crucial factor when evaluating a trading bot’s performance. Having reliable support available whenever needed can make all the difference in your trading experience. Here’s a breakdown of each platform’s customer support:

• Bitsgap: Offers 24/7 support through email, live chat, and social media channels. They also have a comprehensive knowledge base and tutorial videos for users to learn about the platform’s features and functionalities.
• Cryptohopper: Provides 24/7 support through a live chat, email, and a Discord community. They also have a vast selection of educational resources, including webinars, articles, and tutorials.

Real User Experiences and Testimonials

When deciding on the best crypto trading bot, it’s essential to consider the experiences of real users. Here are some testimonials and feedback from traders who have used Bitsgap and Cryptohopper:

“I’ve been using Bitsgap for a few months now and it’s been a game-changer for me. Their trading bots have helped me to make more informed trades and maximize profits. Plus, their customer support is top-notch!” – John K.

“I decided to give Cryptohopper a try after hearing rave reviews from fellow traders. I was not disappointed! The platform is easy to use and offers a wide range of trading strategies. I particularly like the backtesting feature, which has helped me optimize my trading strategies.”

– Sarah T.

Both Bitsgap and Cryptohopper have loyal users with impressive features and overall usability. Trading speed and connectivity issues are minor and quickly resolved by customer support. Cryptohopper has a larger community and more extensive educational resources than Bitsgap, making it a preferred choice for social traders and newbies.

 

Final Thoughts: Choosing Between Bitsgap and Cryptohopper

The question isn’t simply “Which platform is better?” The answer hinges on your individual needs as a trader. Let’s break down some key factors to guide your decision:

• Experience Level: Bitsgap is a fantastic choice if you’re new to cryptocurrency trading or appreciate a streamlined experience. Cryptohopper better suits those who want to dive deep into strategy customization and optimization.

• Risk Tolerance: Cryptohopper’s backtesting functionality allows you to better understand risk profiles for your strategies before deploying real capital. This could be a significant advantage if you have a lower risk tolerance.

• Trading Style: If you plan to stick with well-defined strategies like Grid Trading or DCA, Bitsgap’s pre-built options are convenient. For those with bespoke trading methods or who enjoy experimentation, Cryptohopper’s flexibility wins out.

• Social Trading: Cryptohopper’s marketplace allows you to copy successful traders. This can accelerate your learning curve, especially as a beginner.

• The Need for a Mobile App: On-the-go trading is important for many. Cryptohopper takes the win in this category.

Ready to Dive In?
Start with Bitsgap: Create your free Bitsgap account and begin exploring the possibilities.
Explore Cryptohopper: Register for your free Cryptohopper account and connect with traders worldwide.

The Best Choice is Personal
There’s no single “Winner” in this comparison – both Bitsgap and Cryptohopper offer strong solutions for automated crypto trading. The best way to discover your ideal platform is to try them yourself!