Let’s make Bitsgap vs Coinrule comparison so you can easily figure out which option is best for you.
Сrypto market is rapidly evolving and very highly volatile. Traders need to spend a lot of their time and effort to successfully trade – which is not necessarily enough. The trading bot for a digital currency exchanger is a program intended to simplify the work process and increase profit for users by means of automating trading operations.
The following article will describe how these software operate and what types they are as well as discuss their main advantages and drawbacks.
Cryptocurrency trading bots are standalone programs designed to give traders the ability to continuously monitor the market and not miss out on profitable trades. They can analyze data and make transactions without user participation 24/7.
Developers strive to make bots easy to use so that even inexperienced traders and those who don’t have much time to trade can profit without much difficulty.
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The bots on the cryptocurrency exchange are commonplace. You should familiarize yourself with the distinctive features of this software before you start working with it. The simplest bots, for example, buy assets when the price falls and sell when it rises. More complex programs include additional features that allow you to customize the algorithm according to your preferences. For instance, you can set the percentage required to enter a trade.
You can set up bots manually or you can use built-in strategies.
Supported Exchanges: Bitsgap vs Coinrule
Multiple crypto exchanges in one platform are a powerful feature not only for an overview of overall coin liquidity in the market as a whole but also a convenient tool for rebalancing and diversifying technical and default portfolio risks.
Exchanges supported by Bitsgap:
The Coinrule is a forex cryptocurrency trading Bot that allows a traders to access the best 10 crystal-currency exchange and trade with 81 different cryptocurrencies and top tokens. A few of the most notable currencies are as following:
- Bitcoin.
- Bitcoin Cash.
- Bitcoin Diamond.
- Bitshares.
- Cardano.
- Shiba Inu.
- Helium.
Cryptocurrencies Comparison
Bitsgap allows people to easily trade on various cryptocurrency exchanges. According to the platform, it can find the best rates and manage your portfolio effectively. These features make Bitsgap a popular option for trading in general.
In addition, the fact that you can use it with multiple exchanges makes it a widely used platform for arbitrage trading.
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The Coinrule is an easy-to-use platform of automated trading bots that are suitable for both seasoned traders and beginners to cryptocurrency trading. Established in the year 2018, Coinrule’s UK-based bot trading trading platform runs 24/7, allowing users to max out the profits available to them from the cryptocurrency trading experience.
The Coinrule offers a wide range of instruments for users, whether they have a clue as to which trading strategies they wish to use, or wish to choose from among the more than 150+ trading patterns provided.
Trading Tools
Building Bitsgap lets you connect to different cryptocurrency exchange and place warrants, that will automatically execute if certain terms are met. This also allows traders to use smart trading features such as Bitsgap stop loss and Bitsgap trailing, although these options are not available on the exchanges themselves.
And you can use the Bitsgap crypto bot mainly for point-to-point trading, as the futures markets are only accessible to Binance. We will give a detailed overview of the Bitsgap crypto futures bot later in the article.
The result is a convenient all-in-one trading platform that allows you to automate your trading and manage your portfolio across multiple exchanges.
What about Coinrule? Cryptocurrency interest accounts allow users to bet on their cryptocurrencies to earn interest. It’s similar to lending stocks for short sales.
You can lend your cryptocurrency to someone who wants to make a short trade on it. In return, the borrower will pay interest on the amount borrowed. Unfortunately, Coinrule does not offer crypto interest accounts.
Platforms Features
The trading bot Bitsgap uses the GRID algorithm. It allows you to define limits and bands for investments. Bitsgap spreads your investments in a balanced manner.
If one of your limit orders is filled by the system, the GRID bot places a sell trade order with a price just above its market value. Automatically, the bot automatically places a buy limit order at a price slightly below market value. As long as prices are within your specified range, GRID keeps trading.
Look at the Key Features of Coinrule:
- 150+ Strategy Templates
There are over 150+ ready-made strategy templates in Coinrule. What you can do is backtest them and deploy your money right away. Likewise, it allows you to create custom strategies and rules that can then be executed as part of your trades.
- Full Automation
Coinrule’s automation strategies allow the bot to run 24/7, taking advantage of opportunities around the world.
Strict risk management rules can be enabled to prevent any mishaps, but otherwise, the bot can work unsupervised, making money while you can spend time away from your computer.
- Extensive library of resources
Coinrule has an entire website dedicated to tutorials. In addition to the extensive library of resources, you can find articles with examples of trading strategies and indicators in action.
Pricing Plans & Subscription Structure Comparison
Furthermore, Bitsgap has a three-level membership model with a seven day complimentary trial.
- Basic plan-$29 a month.
- Extended Plan-$69 per month.
- Pro plan-$149 per month.
You also get priority scoring and fixed profits from bots.
Coinrule offers the following:
- Starter
The Starter plan does not charge any fees for the trading platform. If users need access to more exchanges, they must purchase one of the paid plans.
- Hobbyist
The Hobbyist plan has a monthly cost of $29.99. This is a great plan for professional traders.
- Trader
With the Trader plan, the monthly cost is $59.99. Advanced traders can choose the pro plan if they are not satisfied with the crypto trader package. This package also helps analyze bear markets.
- Pro
The pro plan has a monthly cost of $449.99 and includes customized training, Binance Futures, unlimited template strategies, unlimited exchanges, unlimited monthly trading volume, TradingView signals with a free 30-day trial of the paid TradingView plan. In addition, the plan gives clients access to advanced indicators and operators.
Customer Support
Bitsgap’s customer service is truly one of the best! All the reviews prove it! Feel free to contact them via email at [email protected], in bitsgap.com chat, and the comments.
If you’re having trouble using Coinrule, you can visit the FAQ section of their website, which has a wealth of information regarding investing that may be of interest to viewers. Users can also take advantage of the live chat assistant feature available on the site.
The customer service team responds quickly and offers investment advice on how to get started. You can email them or send a request on one of Coinrule’s social media accounts.
Product Security
As you plug other exchanges into your Bitsgap account, you use API keys from the exchanges. This way Bitsgap connects to your exchange account and creates orders.
The Coinrule is a trading bot & as such has no way to access the crystal currency or the customer’s money. He also stores API keys in AES 256-bit format, which keeps it extremely safe.
The Coinrule does not have access to or stores users’ cryptocurrency or money. And both the money and the Crypto-currency are stored on exchanges of your choosing, which have security measures in place.
Strategies and Profitability
Here are a few strategies that you can program into these bots:
- Return to Average.
The return to average strategy is based on a simple assumption – if the price of a coin moves away from its average value, it will eventually return to it.
- Momentum Trading.
An investor using this strategy evaluates the ebb and flow of the market by its momentum. The basic philosophy behind this strategy has to do with the belief that asset prices will rise above average and then momentum will dry up and they will fall back down.
- Cryptocurrency Arbitrage.
The price of the same asset on different exchanges can vary. This is mainly due to the fragmentation of prices in different markets. For example, X might be worth $1.01 on exchange A and $1.02 on exchange B.
With an arbitrage strategy, you can profit by buying and selling on two exchanges at the same time.
- Naïve Bayes Classifier (Naïve Bayes)
The Naïve Bayes trading algorithm uses machine learning to determine the probability of an event occurring. By providing the appropriate information to your bots, you help determine the correct entry and exit time.
Recap: Pros and Cons
When examining a Bitsgap review, the pros and cons of the platform are usually the most important information.
Some of its pros are as follows:
- Ease of setup.
- Pre-configured trading bots
- A 7-day free trial
- Viewing and using multiple exchanges in one place
Some disadvantages of Bitsgap include:
- Lack of a mobile app
- Limited functionality of bots
As for Coinrule, we highlighted the following points:
Pros:
- Automate trading on the top 10 cryptocurrency exchanges
- Trade 81 different cryptocurrencies
- 150+ trading strategies
- Extensive library of training resources
- Available in a wide range of languages
Cons:
- Limited access to technical indicators
- No customer support chat and no contact information other than an email address
- The FAQ section on the site leads to a dead page
Conclusion
Coinrule is a relatively new crypto-bot. Its goal is to simplify cryptocurrency trading for ordinary investors, and to some extent, it succeeds in achieving its goal.
With a free account option, Coinrule is worth a try if you’re curious to see how the platform works. If you find that it fits your trading needs, you can always upgrade your plan to connect to more exchanges and gain access to more powerful trading tools.
Training is not necessary for you to have technical skills or know programming languages to build trading strategies with Coinrule.
However, if you want to link your crypto exchanges and use arbitrage trading on the same platform, Bitsgap is a reasonable option.