All novice investors wonder what a cryptocurrency trading bot is and if it can really do anything to help. Mankind has advanced technology far enough that simple algorithms that thrive on data have completely changed the way we work.
But as demand increases, so does the supply of such services. So over time, new bots begin to emerge. Among them are the famous Bitsgap and CryptoHero bot .
But which of these bots will suit you better and become a reliable support in productive and successful work? It’s up to you to decide!
So, how to use Сryptohero and Bitsgap? Let’s look at the comparative characteristics of the two platforms and learn more details about them.
Supported Exchanges: Bitsgap vs CryptoHero
Before you choose a bot, you need to choose your favorite exchange. And then linking your chosen exchange account with the cryptobot is very easy. You need to develop an API-key from your broker’s account access, and then configure the key between the exchange and the platform.
Cryptohero Exchanges
CryptoHero is constantly adding new pairs to the list of supported crypto exchanges. If you want to trade a pair that is not currently supported in CryptoHero, send an email (using the contact page in your Сryptohero tutorial account) and they will do their best to add that pair to the exchange.
Bitsgap Exchanges
The variety of crypto exchanges in Bitsgap platform is a powerful feature not only for 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. Bitsgap works with Binance, Bitfinex, Bittrex, Coinbase Pro, HitBTC and other well-known exchanges.
Track and manage your trading bot’s results from a single access point – save time and increase efficiency!
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Cryptocurrencies Comparison
CryptoHero is a cloud-based web browser controlled bitcoin trading bot. The Singapore-based automated solution is supposed to be intuitive, uncomplicated, and easy to use.
This makes it a good choice for beginners with little to no experience trading cryptocurrencies manually or automatically.
To access CryptoHero on a mobile device, you’ll need to install the appropriate app. However, it’s no more complicated than downloading your preferred streaming program.
The user interface of the mobile app is also quite intuitive and provides all the necessary information and features for mobile trading.
Bitsgap.com is a browser-based trading platform, the desktop version is not implemented. The workspace has a classic layout: a separate section for independent transaction management, an interface for creating bots, profile statistics and a section for connecting exchanges.
Bitsgap supports trading on spot and futures markets. Demo-mode is available. Test environment is integrated into Bitsgap bots in order to check algorithm’s efficiency before launching.
Trading Tools
When planning your trading strategy, it is important to consider not only the price and characteristics of the platform, but also the tools used.
СryptoHero
СryptoHero enjoys the fact that its solution is accessible to all types of bitcoin users, which is a key component of its value offering.
In addition, CryptoHero aims to help bitcoin traders from all walks of life, and is able to do so because of its well-organized collection of services.
Artificial Intelligence optimized trading bots, paper trading, backtesting, multiple trading bots, technical indicators, and short and long strategies are all available.
The Bitsgaar trading section includes:
- chart with the possibility of using indicators and graphical analysis tools;
- menu for placing orders;
- price chart;
- Ribbon of orders.
Bitsgap
Bitsgap.com is a browser-based trading platform, the desktop version is not implemented. The workspace has a classic layout: a separate section for independent transaction management, an interface for creating bots, profile statistics and a section for connecting exchanges.
Bitsgap supports trading on spot and futures markets. Demo-mode is available. Test environment is integrated into Bitsgap bots in order to check the algorithm’s efficiency before launching. Additional tools of Bitsgap: in-browser notifications and chart with built-in technical indicators.
Platforms Features
With bots, you can create entry and exit criteria for your positions. You can also use technical indicators to analyze price trends, market volatility and asset values, in addition to bots. Here are some of the attributes of bitsgap vs cryptohero.
Cryptohero Features
- No coding skills are required.
CryptoHero includes a user interface that is intuitive and recognizable to all traders.
- Paper trading simulation.
It doesn’t matter if you’re still hesitant to use real money; paper trading allows you to simulate trades and market conditions. You can also take part in a risk-free paper trade to familiarize yourself with CryptoHero.
- Backtest strategies.
Before you use a strategy, it would be beneficial to make sure that it is effective. For this reason, you can always backtest your approach on CryptoHero.
- Trading parameters.
CryptoHero allows you to customize and modify your bot’s autotrading parameters to automate trades 24 hours a day, seven days a week.
- Security.
Hosting software over a secure protocol (HTTPS) and the use of application program interface (API) keys are two key security features of CryptoHero.
- Stochastic RSI.
Instead of emphasizing the price of an item, stochastic RSI emphasizes its value.
- Bollinger Band (BB).
A momentum indicator that investors can use to gauge the strength or volatility of a security. This indicator helps to identify oversold and overbought conditions.
Bitsgap Features
- Bitsgap Smart Trade feature
With the smart trade order, advanced traders can configure their bots to perform certain actions at a certain price. Algorithmic orders can be set to execute based on triggers such as limit, TWAP, scaling, and market,
- Cryptocurrency trading bots
Users get access to a variety of pre-set autotrading data and strategies that help them make more profits.
- Creating a new bot on Bitsgap
These bots work using three strategies: GRID, DCA, Options bots and futures trading.
- Paper Trading
Bitsgap has a demo account, also known as paper trading. The platform offers a free demo account for users interested in learning more about how to trade with crypto bots. The free demo account comes with all the features available in the Bitsgap pro account so that traders can evaluate all of the platform’s features and tools.
- Portfolio Manager
In addition to offering access to various cryptocurrencies, Bitsgap provides users with a portfolio management service that allows them to organize all their assets in one place and track the performance of active trading bots, trigger events through the automatic trading feature, and total profits and losses.
Pricing Plans & Subscription Structure Comparison
Prices vary not only by bot type but also depending on how much you want to trade. Users can test the platform for free using the simulation feature and dummy funds.
Cryptohero Plans and Subscription
CryptoHero offers one free plan and two pricing plans:
- Basic: Starter free plan includes one active robot, unlimited positions, unlimited trading limits, unlimited connected exchanges, and risk-free paper trading.
- Premium ($13.99 monthly or $139.99 per year): CryptoHero’s Premium plan includes everything in the Basic plan, 15 active bots, and access to all bots including simple, advanced, DCA, and more.
- Professional ($29.99 monthly or $299.99 per year): CryptoHero’s Professional plan includes everything in the Premium plan, 30 active bots, a dedicated backtest period, and a 5-minute trading frequency
You can cancel your membership at any time, and the membership will not automatically renew after the remaining days expire.
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Bitsgap Plans and Subscription
- The basic plan costs $29 per month and provides access to various exchanges, a cross-exchange portfolio and trading signals setup. Users can deploy two active trading bots.
- The advanced plan costs $69 per month and has a monthly trading limit of $100,000. Additional benefits include access to arbitrage trading, five active trading bots and futures bots.
- The Pro plan costs $149 per month and has no monthly trading limit. Users can deploy up to 20 active trading bots, futures bots and trailing bots. In addition, there is access to priority customer support if needed.
All plans are discounted if users sign up for six months in advance.
Customer Support
As far as customer service in CryptoHero is concerned, there is no deviation from industry norms.
You have access to live chat during business hours, and if an agent is unavailable at the time of your request, the queue-based system puts you on a waiting list until one of the agents is available to help you. I have personally contacted them and found their customer service to be very helpful and knowledgeable.
While video or phone calls would have been a great addition, I can’t fault CryptoHero too much for not having them.
With a dedicated customer support of the Bitsgap team available through chat, email and social media, Bitsgap ensures that its customers are satisfied. The support team is ready to help users solve problems or direct them. The platform’s website also has a knowledge base section where users can find answers to common questions.
Product Security
Both bots are fully legitimate. And in their history, they have achieved wide popularity among global traders. They cooperate with market-leading cryptocurrency exchanges and provide basic services free of charge to their clients. But what about security?
CryptoHero Security
By using API keys, CryptoHero ensures that you do not have to provide your exchange account password. Instead, you can give CryptoHero access to the backend of your account. This means that you can use the CryptoHero trading bot without jeopardizing your password.
Bitsgap Security
Bitsgap takes security extremely seriously. The platform allows complex passwords, 2FA and uses RSA 2048 encryption to protect all user data, from login attempts to stored API keys.
You can read more about their security measures on their official website.
Strategies and Profitability
Cryptobots do not provide information on the possible profitability of their solutions, but offer a set of strategies and solutions.
Although due to rapid asset price fluctuations, what worked in the past may not work in the future. Once you have learned enough about the platform, you can start making money in trading.
CryptoHero
CryptoHero does not discuss the profitability of its solutions. This is because of the uncertainty that makes cryptocurrency trading so profitable.
Because of the rapid fluctuations in asset prices, what worked in the past may not work in the future. Despite having backtesting and paper trading, CryptoHero does not predict your potential winnings.
It does, however, provide a very competent solution at an attractive price. It ensures that through the use of various techniques, indications and actions, you can continually refine your approach to maximize your profits.
Bitsgap
Bitsgap is a paid tool. One of the ways they make money is by offering subscriptions to their bots. Traders can look at the pricing model for their own research and compare it to different exchanges and trading bots.
Trailing Take Profit is designed to increase your profits by allowing a trade to stay open as long as the price is moving in the direction you want.
Recap: Pros and Cons
CryptoHero
| Advantages | Disadvantages |
| CryptoHero provides customers with a live support crew that is available at all times to help; The trading bot allows customers to quickly back-test their tactics, allowing you to be confident in the viability of your strategy; CryptoHero is accessible across multiple platforms, including iOS, Android, and PC, ensuring that you are always connected to the trading platform; CryptoHero provides AI optimization and can manage multiple accounts simultaneously; It is also accessible on the largest crypto exchanges in the marketplace; CryptoHero provides traders with two different subscription options, which are standard and premium; The basic plan is free, while the premium plan costs $13.99 per month if paid monthly. | While registration is simple, there are so many options for bots that it can be difficult to choose which one to use. |
Bitsgap
| Advantages | Disadvantages |
| Simple and clean user interface; Supports 15+ cryptocurrency exchanges, including some of the biggest names like Binance; Seven days free trial with Pro plan; Before you start trading, you can analyze historical trading data using a backtesting strategy. | Copy-trading and social trading features are not available; Compared to other trading bots that charge a one-time fee, this service requires a monthly subscription fee; The app is just a condensed version of the websites; No stated success rate. |
Conclusion
Using CryptoHero is inexpensive and does not cost a lot. The company also provides a free version that you can use right away to evaluate its effectiveness.
Considering the huge potential, this trading bot provides its customers with reasonable prices. You don’t have to pay anything to get the company’s basic services, which are rarely seen in the market.
It is one of the best trading robots available in the bitcoin market because of its exceptional services and low price.
Bitsgap has a lot to like, including an easy-to-navigate interface, support for dozens of exchanges, and a wide selection of trading bots. What’s more, the cost of a subscription can pay off if you use the bots correctly, and there is a free trial version that you can take full advantage of.
This is a great platform for those who want to automate their trading process and benefit from extensive portfolio management.
Whether you’re trying to master cryptocurrency trading or looking for a direct approach to leverage your years of trading experience, two solutions provide you with a direct method to do so.
You only need to choose the best one.