Bitsgap vs CryptoHopper: A Comprehensive Comparison of Crypto Trading Bots

Nowadays the number of users in cryptocurrency trading is increasing and they are looking for ways to automate their trading and take profits to the next level. In concern to this, two main platforms are looking to be worth it, they are Bitsgap and Cryptohoppers. In this blog, we will discuss which platform is better based on a detailed comparison of their features, security, and ease of use. 

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Bitsgap 

Bitsgap is a very user-friendly crypto trading platform that gives you access to more than 25 cryptocurrency exchanges in the on-go. You just choose what asset you would like to trade and you can reallocate your funds as you wish. 

One of the principal outstanding features of Bitsgap has to do with its arbitrage tool where a trader is allowed to take advantage of different prices on other exchange platforms and this gives it one of the finest opportunities for profit. 

The profit-achieving, low-effort bots by Bitsgap maximize profits through automated trades for the most seasoned traders can't manage to do manually. 

Bitsgap further developed in 2018 its competence to become one of the best-known crypto trading tools with a dedicated group of developers. Its solution for all-in-one portfolio management caters to both beginners and seasoned traders with different features suited to the different needs of traders.

CryptoHopper 

CryptoHopper is an online trading application that enables users to automate their crypto trading with a semi-automated bot. Since its inception in 2017, CryptoHopper has completed over 140,000 trades for its consumers worldwide. The bot only works as per the specific programming done by the user by applying the set conditions to execute trades. 

For instance, if you wish to open a long position when the price of Bitcoin exceeds 5% above its value within 24 hours. The bot makes that happen. These are just a few of the available strategies, which can be developed based on the level of professionalism and requirements of a person. 

CryptoHopper provides access to 13 major cryptocurrency exchanges, thus making it possible to trade across multiple platforms with good liquidity, 24/7. 

The platform is accessible to traders of all levels because it provides an all-inclusive suite of features that can be tweaked to adapt to both new investors and old pros. 

Another advantage of CryptoHopper is the free bot version, as well as quite flexible pricing plans, which allow for correspondence with any needs when using the software, thus bringing the solution within the reach of every type of trader.

Bitsgap vs CryptoHopper: Features Comparison 

Both Bitsgap and CryptoHopper offer powerful crypto trading bots, but each has unique features that cater to different trading needs. Here's a comparison of the two to help you decide which one is the best fit for you. 

Bitsgap Features 

Arbitrage: Bitsgap is a one-stop, cryptocurrency arbitrage trading platform, and this feature allows users to have earnings on differences in price between multiple exchanges. It connects to any number of exchanges and provides current prices on the cryptocurrencies supported, and by using arbitration filters, the range of what constitutes trade exchanges can be narrowed to those that might best provide arbitrage opportunities. 

Portfolio management: this exchange boasts one of the most robust portfolio management systems, making it easy to track all of your digital assets under a single roof. You can simply add coins and tokens from the exchange database and receive detailed information, including current prices, 24-hour volumes, and percentage changes. 

Automated trading: Bitsgap has a very effective automated trading feature, is very user-friendly, and is also customizable. Such a platform enables a user to reap constant profits from trades due to the automated executions of strategies by the preset indications.

CryptoHopper Features 

Backtesting: CryptoHopper offers a full backtesting facility. With this facility, a trader can test his strategy on historical data for multiple cryptocurrencies and across all possible exchanges. This feature is very important because it allows traders to refine their trading strategies without actually risking real money, and detailed reports are included to help the traders assess their performance. 

Trailing Stop Loss: simply locks the profits and limits the losses. The feature is well-laid out, and it makes it rather easy for the traders to set up and sell their assets automatically whenever the prices reach a certain level, thus keeping the investment from a sudden market downfall. 

Automated Trade Execution: Automatically eliminates the emotional factor in trading by generating trades for the user without necessarily requiring human intervention, which can, in turn, save time since it is probable to avoid costly trading mistakes often born out of emotions by such decisions during trading. 

Which Bot is Better? That, of course, depends on what you like in your trading. If you like arbitrage and portfolio management, Bitsgap probably will be the better choice. Otherwise, backtesting, executing, or automated trade execution, CryptoHopper suits you better.

Bitsgap vs CryptoHopper: Ease of Use 

Both Bitsgap and CryptoHopper are strong crypto trading bots with a very advanced range of features, but in terms of usability, CryptoHopper takes the lead. 

CryptoHopper is very user-friendly. So, it's an excellent choice for those who start their trading journey. The platform makes it easy for new traders to start without a lot of hassle on an intuitive interface. Bitsgap, on the other hand, is feature-rich but potentially more difficult, requiring a prior understanding of cryptocurrency trading to fully benefit.

At the same time, this does not mean that Bitsgap is less efficient is, actually, more suited for users with some experience in trading. CryptoHopper, on the other hand, will be a preferable option for those who want a smoother, absolutely newbie-friendly experience. Both bots will significantly improve your trading results, but CryptoHopper provides an easier entry point for newcomers.

Bitsgap vs CryptoHopper: Security 

Apart from data protection and maintenance of privacy, what makes Bitsgap special is the fact that it is one of the most secure trading platforms in the market.

Bitsgap has several layers of security which include firewalls, intrusion detection systems, password protection, and encryption technology to protect data in the process of transmission. Additionally, they have a very strict policy of never selling nor sharing user information with third parties. Bitsgap ensures that no one accesses your data stored within the servers of the exchange by providing 2FA alongside sophisticated encryption. In addition, they present resources like blog post articles on online safety and a team for answering various questions concerning security. 

But on the flip side, CryptoHopper can also be known for its high-level security measures. Here, all data is encrypted and stored at more than one location, and account access requires two-factor authentication. This means that CryptoHopper has never hacked on anyone. These robust security protocols make CryptoHopper a highly secure trading platform for cryptocurrencies.

Bitsgap vs CryptoHopper: Pros & Cons 

Pros of Bitsgap: 

• Compatible with most major exchanges.

• Supports multiple languages.

• Features a user-friendly interface.
• Offers a free trial.

Cons of Bitsgap: 

• Being a relatively new platform, it lacks some advanced features.

• No mobile app is available.

• Limited functionality for signal bots.

Pros of CryptoHopper: 

• Allows trading across multiple exchanges simultaneously.

• Offers a four-tier referral system.

• Provides strategy backtesting capabilities.
• Cloud-based, enabling 24/7 operation.

Cons of CryptoHopper: 

• It might be expensive to trade on many exchanges.

• Customer assistance can occasionally be slow to respond.

Final Words

To know which platform is better, it ultimately depends on your specific trading needs. CryptoHopper offers a paper trading feature, allowing users to test their strategies without risking real funds, a feature not available on Bitsgap. If you're looking for the best platform with comprehensive tools Bitsgap may be the better choice. However, if you prefer more flexibility and customization for your bot trading strategies, CryptoHopper is likely the better option.

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