Bitsgap vs Cryptohopper Comparison in 2023

In the dynamic world of cryptocurrency trading, having the right tools can make all the difference. Two prominent names in the realm of crypto trading platforms are Bitsgap and Cryptohopper. Both platforms offer a range of features to help traders navigate the complexities of the crypto market.

However, it can be hard to decide which platform might be best for you, especially if you are just starting out in the space of automated crypto trading and don’t know where to start and what are some important factors to consider. 

Generally speaking, you can’t go wrong whether you choose Bitsgap or Cryptohopper. Both platforms offer a wide range of trading features, market analysis tools, and backtesting options. If we had to give an edge to one of them, it would probably be Cryptohopper due to its lower starting price and native application for Android and iOS for a better experience when trading on the go.

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It is worth mentioning that a very strong alternative to Bitsgap and Cryptohopper is AribtrageScanner, which supports over 30,000 coins across 20 blockchain networks and can be paired with more than 75 crypto exchanges. The platform is widely considered one of the best arbitrage scanners in the market, so you should definitely check it out if you are not already set on Bitsgap or Cryptohopper.

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In this comprehensive comparison, we delve into the nuances of Bitsgap vs. Cryptohopper, exploring their functionalities, user-friendliness, pros, and cons. 

Bitsgap vs Cryptohopper: Side-by-side comparison

Before we delve into the details, feel free to check the Bitsgap vs. Cryptohopper comparison table that can help you quickly spot the differences between the two platforms.

Who should choose Bitsgap?

Bitsgap is a comprehensive platform for trading cryptocurrencies and connecting your exchange accounts through a single interface. Bitsgap is the right choice for you if the following describes you:

• You are looking for a wide variety of trading bots
• You are an experienced trader who doesn’t mind a more complex UI
• You want to trade spot, futures, and options

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Who should choose Cryptohopper?

Cryptohopper is arguably the most feature-rich crypto trading platform in the market today. You should choose Cryptohopper if the following describes you:

• You want to use social trading features
• You want to trade on your mobile devices
• You don’t mind the lack of crypto options markets

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Bitsgap vs Cryptohopper comparison: Unveiling the similarities and differences

In the following sections, we are going to examine both Bitsgap and Cryptohopper based on a variety of features, including trading bots, analysis tools, pricing structure, and more.

User interface

A good user interface is easy to use, efficient, and aesthetically pleasing. When it comes to crypto trading, a well-designed UI can be the difference maker between making lucrative trading decisions and endless frustration that can lead to poor trading performance.

Image source: Cryptohopper

Bitsgap boasts a user interface that will be familiar to anyone who has ever used a cryptocurrency exchange or even a traditional trading platform. The center view of the trading terminal is occupied by the price chart, with the left side of the interface housing an order book and the right side featuring a multitude of order options.

Cryptohopper shares a similar design to Bitsgap (except that it shows an order book on the right side and an order window on the left), but we’d say that the former’s design is a bit cleaner and feels less cluttered. On the other hand, it takes more time to reach some options on the Cryptohopper platform, so you’d have to decide whether you prefer more features or a more aesthetically pleasing look.

Overall, both platforms have well-thought-out user interfaces that don’t get in the way of trading cryptocurrency and using charting tools, bots, and other features that the platforms offer.

Trading bot features

Trading bots are the essence of both Bitsgap and Cryptohopper’s offerings. Both platforms feature a wide variety of crypto bots, including Grid trading, DCA trading, and more. Users can design their own trading strategies and deploy bots that make use of Stop-loss, DCA, Shorting, Trailing, OCO, Take Profit, and other order types.

Image source: Bitsgap

Bitsgap allows users to trade in spot, futures, and options markets. Meanwhile, Cryptohopper supports only spot and futures trading. The lack of that feature might be a deal breaker if you are looking to trade crypto options.

Cryptohopper allows you to design your own trading bots or copy bots from other traders. There’s also an option to train your bots using algorithm intelligence (AI), which “analyses all the strategies you feed it, and can decide on its own which one it should use,” according to the company.

Bitsgap has five core bot offerings, which include the aforementioned DCA trading bot (both futures and spot versions) and GRID Trading Bot, as well as BTD Trading Bot (follows the “Buy the dip” strategy) and COMBO Trading Bot (combines GRID and DCA strategies).

Demo trading

If you are unsure whether your trading strategies are profitable or not, you’ll probably be pleased to know that both Bitsgap and Cryptohopper offer backtesting and paper trading features. Backtesting allows you to test your trading strategies against historical market movements. Meanwhile, paper trading allows you to trade with virtual currency without risking any real money.

Social trading 

Bitsgap offers no significant social trading features. There are no copy trading options, or the ability to check the performance of trading strategies employed by other traders on the platform.

On Cryptohopper, you can copy bots from other traders on the dedicated marketplace. Image source: Cryptohopper

On the other hand, Cryptohopper has put a lot of emphasis on developing different aspects of social trading over the years. The platform prominently features the most successful and profitable bots, which can be bought in the dedicated copy bot marketplace. You can also choose to subscribe to the best crypto traders and receive trading signals about potentially lucrative investment opportunities.

Mobile app

Bitsgapp has no dedicated mobile application, however, most of the platform’s features can be accessible through a web app. Cryptohopper has native applications for both Android and iOS devices, which can make it easier for traders to execute orders and strategies when on the go.

The bottom line: Bitsgap and Cryptohopper are great options for crypto traders

Both Bitsgap and Cryptohopper are great platforms for those who want to automate their cryptocurrency trading strategies. They share more similarities than differences, however, Cryptohopper does provide a bit more value when compared to Bitsgap, at least in this writer’s opinion. Cryptohopper wins out on pricing, mobile app support, and a lot better social trading features. On the other hand, Bitsgap supports options trading, which its competitor does not, so that might be a huge deal if you are looking to trade options.

If you want to use automated trading tools to leverage minute price discrepancies between different markets, you should consider using the best cryptocurrencies for day trading due to their inherent monetary and market properties.