Bitsgap vs Cryptohopper — Safety Comparison

Overview

This page compares Bitsgap and Cryptohopper on API security, known incidents, fee structure, and features relevant to safety. It does not constitute a recommendation to use either platform and does not compare profit potential — no trading bot guarantees profit.

C>Comparison of crypto trading bots

1.>1. API Security — What Both Platforms Disclose

Bitsgap connects to exchange accounts via API keys. The platform states that it does not hold user funds and cannot withdraw assets independently. This means Bitsgap requires read and trade API permissions only — withdrawal permissions should never be granted. No significant public API security incident has been reported for Bitsgap as of this review.

Cryptohopper also connects via API and states it does not hold user funds. Two-factor authentication is available. No significant public API security incident has been reported for Cryptohopper as of this review.

ScammerWatch has not independently audited either platform’s security implementation. The statements above are based on publicly disclosed information from each platform.

2. Bit>2. Bitsgap vs Cryptohopper: Usability 

When choosing a bot, always look for one that supports multiple exchanges. In our case, both bots satisfy this criterion. According to SourceForge and a few more reviewers, the number of exchanges is almost the same with both bots, while Altrady’s review claims that the more popular Bitsgap is much better in this regard. In any case, we’ll call it a slight edge for Bitsgap. It supports more mainstream and prominent names such as Binance, Kraken, Ftx, Coinbase Pro, and other digital asset trading platform options.  

Both bots have great coverage of payment methods (Visa, MasterCard, PayPal, iDEAL, bank transfer, Giro Pay, and a lot more), and accepted cryptocurrencies (over 50), so we will call this one a tie.  

In relation to the platform coverage, Cryptohopper is still only a web service, while Bitsgap is also available for iPhone, Android, Windows, Mac, and Linux. This aspect brings a decisive win to Bitsgap. 

3. Trade aut>3. Trade automation scope 

Bitsgap is an automated crypto trading bot with a lot of intermediate and advanced trading features. It offers multiple grid bots, which allow you to take advantage of small differences in the market and collect instant profit, which is ideal for short-term traders. It also offers arbitrage bots, which exploit price differences across platforms and collect a profit that is tiny, but should be guaranteed.

However, the most advanced feature of Bitsgap is the advanced future trading bots. They use sophisticated AI and encompass various factors, such as social media trends, to predict future prices. The process is fully automated but there are numerous options for manual intervention, and arbitrages are semi-automatic, which makes Bitsgap great for advanced users’ trading strategies. To learn more, visit Bitsgap review.

Cryptohopper  

Cryptohopper is a fully automated trading bot that offers three types of bots: Market maker bot, arbitrage bot, and copy bot. Market maker bots function similarly to grid bots, and we explained arbitrage bots above.

As for copy bot, it listens to the instructions of a Cryptohopper signaler. You can buy copy bot templates from Cryptohopper, select “signals only”, pick a coin and run the bot. Although it is simple and easy to use, it isn’t very accurate and consistent. Automated technical bots are for advanced users, but copy bot is suitable for new traders. If we consider automation only, Cryptohopper is more automated, but Bitsgap has more features. We will call this a tie. If you want to read more about its features, visit Cryptohopper review.

4. Demo accoun>4. Demo account 

The users are mostly satisfied with the demo function. That being said, some report that Bitsgap’s advanced package does not have enough demo bots. It still offers more, though. 

5. Free trial opt>5. Free trial option 

Still, there are notable differences in the features you get with the two trial versions. Bitsgap has an advantage here because it offers a free trial for all packages they have. So, you can use the most expensive, pro version for seven days and experience all the advanced features.

On the other hand, Cryptohopper’s trial only gives you the benefits of the explorer program, which is level 2 out of 4 levels. You still miss out on features such as arbitrage intelligence, having all coins available, and arbitrages. 

6. Backtesting 

For Cryptohopper, the process is almost the same for your trading strategies. There is a drawback of somewhat more limited functionality because backtesting here is based on paper trading, so it is not actual crypto trading market results. 

7. Customer support and t>7. Customer support and tutorials 

In relation to tutorials,  Bitsgap offers live online training, documentation, webinars, and videos. Cryptohopper provides training in the form of documentation. There is also a recent Cryptohopper Academy and a helpful Facebook community. This is a slight win for Bitsgap. 

Fee Impact and No Profit Guar>Fee Impact and No Profit Guarantee

Additional info

Additional info

FAQ

What to Check Before Connecting Eit>What to Check Before Connecting Either Platform