Being in a constant search, more often than not you may come across a program that does not meet your personal requirements.
To understand the issue you need to delve deeper into the subject, but we see a solution that is obvious. There are Napbots vs Bitsgap which are worthy of providing their services. It’s Bitsgap and Napbots. Nevertheless, it is necessary to decide which tool is better for you.
So, Bitsgap vs Napbots? Find below the detailed characteristics and choose the best option for your effective work.
Supported Exchanges: Bitsgap vs Napbots
The world of cryptocurrency may seem extremely complicated and confusing – but you can figure it all out. The first bot or two can be an ideal starting point for those who are new to cryptocurrencies. And for more experienced crypto-enthusiasts, it’s a great way to refresh their knowledge.
Bitsgap Supported Exchanges
Bitsgap integrates and makes up more than 25 exchanges. This is much more than competitors.
- Coinbase Pro
And it’s not the end of the list.
Napbots Supported Exchanges
it focuses on the most liquid currencies, including Litecoin and Ripple.
At present, NapBots is offered on the below cryptocurrency exchange:
They provide an extensive list for cryptocurrency couples. These have also been selected for their security as well as their market cap.
According to their website, NapBots will soon appear on the following crypto exchanges: Coinbase, Huobi, Revolut, Bithumb, HitBTC, Crypto.com and Kucoin.
Getting started with the platforms is very easy. First, choose an exchange. Then choose a strategy. And finally, choose and pay for a subscription.
But first let’s briefly outline what the two bots are.
The platform offers access to more than 30 global cryptocurrency exchanges through one convenient interface, optimizing access to different markets and trading pairs. Moreover, the number of supported exchanges and trading venues is constantly increasing, providing users with access to their preferred assets. In addition, there are no trading commissions or additional deposit and withdrawal fees.
How does a Napbot work? It is a crypto-robot that develops trading strategies to increase investment returns. Its trading algorithms process market data in real time and can profit from different conditions. It provides automated execution for investors on major crypto platforms, including Binance and Kraken, via APIs.
It is known from many NapBots reviews that it was launched in 2017 and is owned by Napoleon Crypto Group in Paris. The group also owns and operates Napoleon AM, a regulated asset manager in France specializing in crypto solutions.
The company’s Bitsgap platform is completely cloud-based. So you have nothing to download, setup is fast, and ready-made trading strategies are available to get you started.
There is a practice demo mode, fully automated portfolio management, over 25 supported exchanges and availability in desktop and mobile versions.
NapBots in turn offers simplicity and a large number of compatible exchanges.
This platform is great for users with a variety of trading backgrounds. Its bots do all the hard work, so there is no need to delve into chart analysis. The algorithms will trade for you, 24/7 in autopilot mode.
When you discover the features of cryptobots, you immediately notice that the team has done some serious work. So, let’s find out what their services are.
In our study on the analysis of the two services, it is important to consider the features and functions of each of them.
- Automated trading with bots
Users of the platform have a variety of trading bots at their disposal to take a more passive approach to cryptocurrency trading. Different types of bots will follow unique patterns and approaches, allowing users to tap into the flow of trading income.
- DCA bot
Bitsgap introduced the DCA bot to help users during bull, bear and sideways market conditions. The trading tool offers many features, including more accurate entry and exit options bot, risk management options and more. Users can expect quick and regular results for those with an active trading approach, although long-term holders can accumulate profits while waiting for better price momentum.
- Grid Bot
Bitsgap Grid Bot helps users make consistent profits and requires very little supervision. It has built-in strategies for beginners and experts, although users are free to deploy their own strategies as they see fit.
- Combo Bot
Bitsgap’s Combo Bot is designed for those who prefer to deal with futures contracts rather than crypto assets directly. The Combo Bot is a viable tool in bull and bear markets and combines dollar cost averaging with algorithmic grid-based trading.
Napbot Crypto Features
NapBots main emphasis is on functions, and these are the cryptocurrency trading bots, signaling, symbols & DCAs, intelligent trading, a portfolio tracker, and a multi account service.
- The Signals
Getting the best signal provider more often than not can make the biggest difference in your profits trading.
- Forex indices and DCAs
These are the practice of buying into a currency at fixed intervals in an effort to lower your position entry price and reduce your risk of Volatility over the course of time.
- Clever Trading
Smarter trading has been added as a function in NapBots in a recent update. With this feature, it provides some advanced facilities for traders, such as a take-profit or take-stop-loss.
- Symptocurrency Portfolio
The NapBots crypto added a “portfolio tracker” function that you can use to easily, securely and accurately control your portfolio.
Pricing Plans & Subscription Structure Comparison
Choose a plan that fits your investing style (hourly, daily or weekly – explained below) plus your budget, and let the automated bot take over.
Subscription and Plans of Bitsgap
Everything at Bitsgap is simple. The $69/month fee gets you five active bots with functions of futures trading and the trailing limit. While a PRO account gives your twenty bots and puts a take profits feature on the mix.
What Bitsgap really doesn’t have, after all, is a free account plan. A basic platform bill starts at just $29 per monthly and offers two live bots and no limit on the number of orders you can place.
Subscription and Plans of NapBots
NapBots currently offers a 7-day free trial. The trial period is unlimited for the simulator mode. Once users are convinced that the strategies work for them, they can upgrade to a paid subscription.
You can cancel your subscription at any time or upgrade/downgrade your subscription whenever you want. You will be charged or refunded a prorated fee depending on the new plan you choose.
Plans are payable monthly or annually, and NapBots offers discounts on prior commitments and a free personal domain name for one year with an annual subscription.
The following subscription plans are available:
- Freemium – simulation mode.
- Silver Plan – €7 a month for the first 3 months, then €19 a month. The plan does not include access to daily or hourly bots, nor does it include individual allocations.
- Gold Plan – €39 a month for the first 3 months, then €49 a month: includes access to weekly and daily strategies. It also includes features like leverage and custom allocations.
- Platinum Plan – €99 per month: users get access to all the trading bots and all the features available on the platform.
If users want to trade more than the budget limit specified in their plan, they must pay an additional fee. Users can pay with credit or debit cards or cryptocurrency. In the latter case, however, it may take longer for the credit to reach your account.
So, when you decide to buy one of these two bot packages, who do you have who will help in case of an emergency or trouble?
Bitsgap Customer Support
Bitsgap has made sure to be on par with other crypto bots by offering chat support right from the platform, and judging from the trading experience of others who have reviewed them online, they are prompt and helpful in their responses.
NapBots Customer Support
NapBots provides 24-hour customer support through a support page on their website. There’s no contact phone number listed, but traders can send an email to [email protected] if something isn’t working as expected.
The NapBots app platform advises visiting its Knowledge Base or using a video tutorial, also available on the support page.naughtycrypto.io
The help section has a broad, searchable list of frequently asked questions, including information about strategies and performance, security, and how to manage your subscription.
NapBots provides links on its site to various social media accounts, including Facebook and Telegram. It also maintains a YouTube channel that features “how-to” tutorials.
Of course, trading cryptocurrencies is notoriously risky and returns are not guaranteed. But which bot is safer for you?
You can be sure that your funds and orders are secure and no one can gain unauthorized access to your Bitsgap account.
Here are the important components:
- All login attempts are tracked.
- Complex passwords are supported.
- Two-factor verification.
- Limited access to your API key.
- Withdrawal is disabled in permissions settings.
- API keys are always hidden in an encrypted form.
- Secure network structure.
- Employees get access based on the tasks they perform.
Confidential information and account data always stays inside the network and two-factor authentication and internal security checks.
NapBots does not store funds on its platform. The bot only executes trades on your exchange account on Binance, for example. Similarly, NapBots cannot make withdrawals. The tool is said to be secure, and there are no reports of hacks or cyber risk issues.
To create an account, users must provide a name, email address and come up with a password. Customers will receive an email confirming their registration.
Napoleon, the owner of NapBots, collects personal information from its users when they browse its website or open account access and fill out an electronic form. The platform can also assess customers’ trading experience, average annual income and estimated net worth.
Strategies and Profitability
You can choose strategies from the platform’s library of crypto-bots. Using multiple strategies at the same time means you can experiment with a mix of allocations to reduce risk.
Bitsgap uses a grid strategy, which is one of the most commonly used strategies in cryptocurrency and forex trading. It works with pending limit orders to buy and sell in predefined price ranges. The price range you choose will be divided into several levels, creating a grid full of orders. This is why it is called a grid.
Grid bots work on this strategy, they continue to profit from any market movement while you are away from your computer. All levels are interchangeable, for every executed buy order the bot will create a new sell order above the execution price, and vice versa. All your trades will be managed by the Bitsgap platform.
But there are some risks associated with automating this strategy, especially in unfavorable market conditions. A sudden spike or drop in prices can and will affect your results. To protect your investment, you can use the Stop Loss or Trailing feature.
However, grid trading offers one of the simplest and most time-tested trading approaches. In the long run, it can yield significant results.naughtycrypto.io
NapBots brings to your attention strategies every 3 months to keep up with the latest marketplace trends. The platform currently provides the ability to work with 20 different algorithmic trading strategies. NapBots works by always analyzing trends.
The strategies have all been designed to capture trends over three time periods with uncorrelated triggers.
Three types of strategies are available:
- Hourly – high frequency trading: positions are opened every hour
- Daily – medium-frequency: positions are opened every day
- Weekly – low-frequency: positions are opened every week to catch large market movements
NapBots publishes detailed information and KPI for each strategy for the previous 12 months.
Recap: Pros and Cons
Registration on these two platforms has both advantages and disadvantages. Consider the two bots for comparison.
|A wide selection of assets – more than 600 pairs with cryptocurrencies;
availability of several tariff plans with different subscription fees, the amount of which can be reduced by paying for 6 months of use at once;
Absence of trading commissions for transactions and additional charges for deposit and withdrawal.
|You can’t trade with leverage;
No license from a trusted regulator;
No online chat or phone support.
|Easy to use;
Mix of strategies;
Free trial version is currently available;
Cancel your subscription at any time;
Zero skills or experience required;
Eliminates emotional decision making;
Compatible with leading cryptocurrency exchanges;
Funds are stored on the exchange, not in NapBots.
|The disadvantages of using NapBots are limited,
as traders can practice in simulation mode before investing real funds. Users can also stop using the tool at any time.
With all that said, it is a fairly new system.
The only other drawback is that leverage is limited to 1:5.
Bitsgap allows you to intelligently buy and sell cryptocurrencies on more than 25 exchanges using trading bots. They fully automate the trading process and can be a guaranteed source of passive income even for newbies.
NapBots in turn takes emotion out of investing. Many users have given this tool excellent reviews on various forums, especially regarding customer support. There are benefits here for traders of all experience levels, and the ability to cancel a trade at any time means you won’t be locked into it if you decide it’s not right for you.
However, which option you choose is up to you! So learn every option and get ready for successful trading!