Most platforms on the market today provide their users with limited opportunities to implement and automate the trading business. This means that some of the brainwork still has to be done by you. It’s your responsibility to choose a trading strategy that works for you. To new investors, this can seem like a source of frustration.
How would you feel if you didn’t have to go through all this? What if you had a bot to take care of all the thought processes for you, and the only thing you had to do was sign up and expect your returns?
In this article, we’ll look specifically at talking about bitsgap vs trality. Let’s find out their uniqueness among bitsgap trading bot & trality bot and analyze different advantages and disadvantages when comparing them.
Supported Exchanges: Bitsgap vs Trality
This review will give you more information about these two platforms. And the first thing to mention is the supported exchanges.
Supported exchanges Bitsgap
Bitsgap has integrated more than 20 cryptocurrency exchanges, and with each exchange the reach of the service remains unchanged.Some of the supported bitsgap exchanges: OKEX, Bybit, Coinbase, Gemini, Bitstamp, Gate.io, etc.
Trality Supported exchanges
Trality supports the cryptocurrency exchanges Binance, Bitpanda Pro, Coinbase Pro and Kraken. All these exchanges can be connected to Trality via its API keys.
Cryptocurrencies Comparison
But what if there was a way to trade as well as manage your portfolio quickly and easily? It’s possible! Well, that’s where Bitsgap and Trality come in. Experienced bots allow crypto traders to manage and execute their trades from a single app.
Bitsgap
Bitsgap is an all-in-one cryptocurrency trading platform that gives traders everything they need in one single interface. The platform gives you portfolio management tools that allow you to keep track of all your assets in various cryptocurrency exchange accounts.
Trality
Trality is a platform for traders who want to actively participate in the development of their cryptocurrency trading bots.
Trading Tools
Trading terminals offer a variety of options for traders.
But what are the tools of bitsgap and trality?
Bitsgap
Bitsgap has a great set of tools for traders looking for fiat arbitrage opportunities across multiple trading exchanges. You’ll also enjoy using this platform to get well-researched and actionable buy and sell signals on all assets.
Although a trading signal is not investment advice, it can help you estimate the market value of an asset before you make trades. In the long run, it can help you maximize your chances of making more profits when trading pairs.
Trality
How to use trality? To trade with a crypto-bot on a crypto-exchange, you must allow the trading bot access to your account via API keys (Application Program Interface), and access can be granted or revoked at any time.
So what about the actual mechanics of a profitable crypto-trading bot?
By communicating directly with crypto exchanges and automatically placing orders based on your own set conditions, trading bots built on Trality offer exceptional speed and efficiency, fewer errors, and unemotional trading tailored to your individual risk tolerance and investment goals.
Broadly speaking, trading bots work using 4 tools:
- Data analysis
- Signal generation
- Risk allocation
- Execution.
Platforms Features
Using a trading bot to find the best places to sell and buy in fluctuating markets is a strategic decision. You can set up a robot once and benefit from an automated trading system for a long time. Some of the features of trader platforms are as follows:
Bitsgap Features
- Backtesting is provided to let you optimize pre-configured trading bots during both bull and bear markets.
- Arbitrage trading across multiple exchanges.
- Portfolio management and tracking.
- Web-based only. No iOS or Android devices.
Trality Features
- Rule Builder
You can create a bot and access many of the same excellent features available to coders, without having to know the code.
- Powerful Python code editor
Trality focuses on a powerful Python API that allows users to create innovative and intricate algorithms in the most efficient way possible.
- Useful Backtester
Once you’ve finished creating your bot, either with the code editor or the rule builder, you can run a backtest that’s both powerful and surprisingly fast.
- A fully cloud-based system for 24/7 trading.
Trality differs from most of its competitors in that it is truly cloud-based. You can create and test your bots entirely through your web browser, and when it’s time to trade, run them directly into the cloud.
- Rich documentation
Trality pays special attention to its documentation, which is extensive and easy to understand. During our experience with trality tutorial, there was never a time when we had to dig through a cluttered, disorganized pile of instructions.
Pricing Plans & Subscription Structure Comparison
Platforms offer different payment plans after your trial ends. The plans differ in their features. You can see the differences below.
Bitsgap
Bitsgap provides three subscription plans. All plans come with a 14-day free trial. If you’re new, we recommend starting with the Basic plan because it includes DCA and Grid bots.
Trality
Trality price offers a range of 4 subscription plans with different features. The different Trality payment plans are named after chess pieces and start with the free Pawn service. All plans include free and unlimited backtesting, as well as live and paper trading.
The platform is available in 4 accounts:
- Pawn- €5,000 per month, 1 live bot.
- Knight- €9.99 per month, 2 live bots and 1 virtual bot, and one month of log storage.
- Rook- €39.99 per month. This is the most popular plan on the platform, 5 live and virtual bots.
- Queen- €59.99 per month. This gives you unlimited trading volume, 10 live bots and unlimited log storage.
Customer Support
To use the platforms, you need to create an account. But before the next steps, let’s talk about bot сustomer support.
Bitsgap
As for customer support, Bitsgap can interact with their social channels, including Twitter and Telegram. Alternatively, contact the platform directly through their email address [email protected].
Trality
Trality goes to great lengths to make sure that all users get the help they need. They have a help desk where you can find questions you might have when creating a bot, as well as a really helpful, community-oriented Discord server where users can ask questions and help others on their bot creation journey.
Also, if you need a one-on-one chat with Trality, they have support email addresses for urgent and more personal inquiries [email protected].
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Product Security
As for the safety of your funds, bots do everything possible to preserve your net worth and reduce trading risks. Regardless of your level of risk tolerance, the platform engages risk management schemes to preserve and grow your capital.
Bitsgap
With Bitsgap, no customer funds are stored directly at the firm. All tokens are securely stored on the exchange where the trade is made and are linked to each other with API keys. The robust API system has been designed with security at the forefront.
All customer information is kept completely confidential, and orders executed through Bitsgap are protected by a 2048-bit standard protocol.
Trality
Because your funds remain deposited on your crypto exchange, Trality does not expose them to risks other than the significant market risks associated with cryptocurrency trading and the possibility that your algorithm code may contain a bug.
Your funds are also never touched directly by Trality, and the platform only uses official exchange APIs.
For added security, your trading bots and strategies are encrypted end-to-end, so even Trality can’t access them.
Strategies and Profitability
A cryptocurrency trading bot comes in handy for saving time. If a trader has a simple and working strategy, he can integrate it into the program to automate trades and make good profits.
Bitsgap
Considering that the profitability ratio of trading robots cannot be predicted for sure, Bitsgap bot tries not to give any illusions to its users. It’s an honest approach, which increases the credibility of this platform.
The demo mode that exists on Bitsgap is great for giving you an idea of what to expect. It gives you a chance to evaluate your chosen strategies and see if certain mechanisms are profitable.
Trality
As you know, there are many cryptocurrency pairs these days, and you can use any of them as part of your arbitrage trality strategy.
But you need superior trading technology that tracks price movements and makes trades at the best market price. That’s exactly what Trality offers.
Its best trading bots will make crypto trading feel more intuitive and convenient for all traders.
This stock trading bot usually makes profits. However, the trick to trading is that Trality uses the right strategies for profitable trades.
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Recap: Pros and Cons
The bot interface is quite handy, similar to the trading interfaces on exchanges. You already know what tools and functions are available in them. And now let’s draw a line of strengths and weaknesses.
Bitsgap
| Advantages | Disadvantages |
| Extensive list of exchanges; Futures trading; Backtesting 14 day free trial. | Not suitable for all marketplace conditions; No mobile app Dependent on API connection to the exchange. |
Trality
| Advantages | Disadvantages |
| Tools for both coders and non-coders; End-to-end encryption; Easy to use, interactive and graphical user interfaceFully cloud based systeml . | No mobile app yet; Has the most popular exchanges, but needs more. |
Conclusion
Trading bots are very useful for those users who need an accurate and fast trading strategy. They help traders set automatic trading thresholds and have ease when trading on different exchanges.
Bitsgap & Trality are among the best bots that offer users a variety of features. Demo account is one of the most important features.
These choices are suitable for those users who need to test the features before putting their money on them. What it can do is remove a lot of challenges for trading thanks to the fact that it supports multiple exchanges as well as a huge amount of trading pairs.
With both Bitsgap and Trality, it offers a nifty and simple to use solution that enables multi-currency trading. Both platforms are well suited for beginners who want to enter the cryptocurrency market without extensive research.