Detailed CryptoHopper Comparison
Cryptocurrency trading bots like CryptoHopper are a subcategory of software programs designed to specifically trade cryptocurrencies automatically as opposed to all investments available on exchanges.
Cryptohopper and TradeLab offer a range of automated tools to make trading crypto a lot easier. Both platforms offer a variety of trading tools and offer a wide range of strategies. This article will help you understand where the different benefits lie for each platform.
While care was taken preparing this review, and points were accurate at the time of writing, we wholeheartedly encourage submissions if you are aware of any discrepancy.
– TradeLab Team
What is CryptoHopper?
Cryptohopper is a web-based platform providing users with a range of automated tools to choose from. One of the longest running automated trading tools for cryptocurrency, CryptoHopper has some very impressive offers.
What is TradeLab?
TradeLab is a trading platform developed by Alchemist Technologies that enables cryptocurrency and forex trading. Also a web-based platform TradeLab focuses on enabling users to easily build strategies with minimal limitations and no code.
With TradeLab, users can access a live order book, real-time alerts, and a variety of charts.
Tradelab has a free version and a multiple paid plans stacking more and more features to maximize your trading capability .
The decision between Cryptohopper and TradeLabs comes down to personal preference. Both platforms offer a variety of features that will make trading crypto a lot easier, so it is up to each individual to decide which platform is best for them.
Let’s discuss Cryptohopper
There are some really great features where CryptoHopper excels.
Reserved funds
CryptoHopper has a reserved funds tool that allows you to set aside specific amounts of tokens to save up for trades. This may or may not be useful depending on your trading style and or maturity as a trader, but it’s nice functionality to offer as an option to those starting out.
Scalp Trading
CryptoHopper is a platform that automates scalping and will handle your trading for you. You can specify how much to invest, when it should occur (whether or not basic patterns exist), and what type of orders to use in conjunction with the identified trading signal.
Strategy Designer
Now you can put your indicators together, test them, and create your own strategies. Sell your strategies in the marketplace or incorporate them all into your artificial intelligence and take over the markets
CryptoHopper Vs TradeLab
Make your own strategy
These two platforms, both present opportunities to develop your own custom trading strategy, which is a significant advantage over automated bots that make market decisions on basic price trends. Having greater control over signals enables you to define trading parameters and actions, which can be used to fine tune a bot’s behaviour.
Pricing
When it comes to subscription-based services, both TradeLab and CryptoHopper offer free plans to allow users to try out their features and experience their benefits.
Both services also offer reasonably priced subscription plans that come with a number of benefits and utilities.
Customer Support
TradeLab has a customer support team that is always here to help. You can simply send a ticket through the website, and TradeLab support is generally able to respond and solve your problem within a minute. Along with this, the team is available in Discord.
On the other hand, if you’re using Cryptohopper, you can take advantage of their live chat feature, which will allow you to get real-time help from their team.
Let’s discuss TradeLab
Strategy Builder
If you’re constantly on the lookout for new and innovative trading strategies, you will appreciate how quickly you can replicate a winning trading strategy once you’ve found it. The ability to rapidly specify bot behaviours gives you the potential to adapt quickly and make some serious profits.
That’s where TradeLab comes in. One of TradeLab’s key strengths is a powerful drag and drop builder that can help you implement your trading strategies effectively.
TradeLab allows you to specify numerous trading conditions, combining a near unlimited number of factors that can be used to determine how your bot should behave.
Realtime Trade Signals
Active traders will know that having the right information is critical to making the best decisions possible. That’s why we’ve built an alert system that allows you to plug in to popular services like TradingView, Tuned, Discord, and almost any webhook provider.
With our system, you can combine and layer data together to create the most informed decisions possible, and because we know that time is of the essence, our system is designed to be fast and easy to use.
So whether you’re looking for the latest information on a specific coin or trying to get a heads up on market conditions, the TradeLab alerts system has you covered.
Beginners UI friendly
In a world where technology is constantly evolving, staying ahead of the curve can be an incredible advantage. TradeLab makes it simple for even inexperienced traders to follow build and execute profitable trades. TradeLab is the ideal tool for anyone looking to begin building their own trading strategies, thanks to its simple setup and user-friendly interface.
Conclusion on CryptoHopper Vs TradeLab
When comparing TradeLab to CryptoHopper, there is no obvious winner across all features.
The decision actually depends on your unique needs and tastes, since both offer advantages and disadvantages.
CryptoHopper is likely the better option if you’re searching for an automated bot that is plug and go, handling all the work for you. If you prefer more control over your trades and investments TradeLab might be a better option.
Regardless of the platform you select, be sure to do your own research and always use risk management to safeguard your money.