CryptoHopper vs NapBots | How to automate your Crypto trades?
NapBots and Cryptohopper automate the trading cycle and allow users to make steady profits. In this article, we will compare Cryptohopper vs NapBots and show their advantages and disadvantages.
Table of Contents
What is NapBots?
NapBots is a platform launched in 2019 by Napoleon Group, a wholly-owned subsidiary of CoinShares International Ltd.
The user interface of the platform is simple and clean. Napbots is compatible with most of the industry’s leading exchanges, including Binance, FTX, Kraken, etc., and is actively expanding its list. It supports three languages – English. French and German.
There are over 30 cryptos available to trade with Napbots, including BTC, ETH, SOL, and BNB. Moreover, the traders can readily use 15 work-specific strategies designed by professionals for trading.
Although the platform is available in most countries, it does not operate in the United States due to restrictive policies.
Based on the trading frequency(weekly, daily & hourly) users can choose from a variety of pre-made crypto trading strategies to automate their trading. Further, many NapBots customers choose to diversify between multiples strategies to reduce risk, others prefer to stick to one crypto strategy.
What is Cryptohopper?
Cryptohopper was created by Rudd Feltkamp in September 2017. It is a trading bot that claims to help traders leverage trading opportunities in the cryptocurrency markets.
You can also automate your trades on mobile using the Cryptohopper app. The software conducts investment analysis and automatically positions trades in auto trading.
When it comes to semi-automated trading, this app copy and suggest strategies from the best crypto traders. This method is known as copy trading, and people widely use it in forex and stock trading.
CryptoHopper vs NapBots: Subscription & Pricing
Cryptohopper pricing begins at a cheap price but gets expensive when you climb up the pricing ranges.
NapBots starts at a lower price, but increases substantially as you choose higher subscriptions, also it charges you an extra fee if you want to increase your trading limit of the plan.
CryptoHopper Pricing
NapBots Pricing
CryptoHopper vs NapBots: Reliability
Trading bots are generally more efficient than humans, but NapBots have a great reputation for steady profits.
Is Cryptohopper reliable?
Both platforms have the privilege of being more trustworthy than regular people. Cryptohopper, however, is allegedly vulnerable to glitches, bugs, and crashes, which jeopardize the earnings.
| PROS | CONS |
|---|---|
| Decent profits capacity | Bug vulnerability |
Is NapBots reliable?
It is highly risky to trade the crypto market, and you should recognize the dangers. In reality, some traders are losing money – mostly because of their human errors. That said, people also make big profits according to NapBots users.
| PROS | CONS |
|---|---|
| Not so risky | Slight space for errors |
| Several successful reviews | |
| 100% Automated | |
| In-house made strategies with proven profitability |
CryptoHopper vs NapBots: Ease of Use
This might take a while for newcomers to grasp how Cryptohopper operates.
Cryptohopper Ease of Use
Many people find it hard to build their profiles, set models, etc. on Cryptohopper mobile app. You can not perform such acts in a browser unless you are in desktop mode.
| PROS | CONS |
|---|---|
| Nice desktop experience | Complicated for newcomers |
| Mobile support needs to be improved |
NapBots Ease of Use
Napbots works well on desktop browsers but the mobile version can be improved. It is usually structured in a manner that is easy to understand.
Some users have complained that you can’t connect your bot directly via mobile, as you need first to go to your desktop computer, but this doesn’t affect at all the ease of use of the interface.
| PROS | CONS |
|---|---|
| Simple and smooth interface | Not possible to set from mobile |
| Super quick setup |
CryptoHopper vs NapBots: Exchange Platforms
Both trading bots have some major exchanges but Cryptohopper users have a wide choice and, by extension, more cryptocurrencies to pick.
Cryptohopper Supported Exchanges
Currently, 11 crypto exchanges are compatible with Cryptohopper. The list includes KuCoin, Kraken, Coinbase Pro, Binance, Bittrex, and some others. While it is appropriate for certain traders, it can restrict those who wish to fully increase their holdings.
| PROS | CONS |
|---|---|
| Major exchanges are presented | Missing some big players |
| More options to come |
NapBots Supported Exchanges
NapBots currently supports the best and most reliable cryptocurrency exchanges, including Bitstamp, Bitmex, Bitfinex, Bitpanda Pro, Phemex, Binance, Okex, Kraken, and more are in the pipeline. You can link via API and before linking them, check what features your exchange of preference supports.
| PROS | CONS |
|---|---|
| Major crypto exchanges | Some big exchanges missing (ex- Coinbase Pro) |
| Quick connection in a few clicks |
CryptoHopper vs NapBots: Profitability
There is no guarantee that everyone will make a profit. However, both trading bots have demonstrated that traders can successfully profit from these trading bots.
Cryptohopper Returns
Cryptohopper offers extensive technological features to keep profits stable. In fact, the trading bot generates considerable income although not all of the time.
| PROS | CONS |
|---|---|
| High ROI Acceptable risk | 0.5% transaction fee |
NapBots Returns
NapBots bot has a unique trailing property for any crypto market. This helps the tool to exchange the most lucrative position wherever it is placed. At first, you may not get the highest profit rates but users learn how to enhance trading bots’ configuration over time.
| PROS | CONS |
|---|---|
| Frequent good trading opportunities | Occasional losses |
| No transaction fees on the platform |
CryptoHopper vs NapBots: Trading Strategies
Cryptohopper Strategies
Prefabricated trading techniques provide consumer reviews that have been checked. However, you risk incorrectly configuring them if you want to change it to your liking.
NapBots Strategies
With NapBots, automated cryptocurrency trading can be done by copying a strategy from the marketplace. However, they require serious backtests and due diligence. Once you’ve chosen one or multiple strategies, you can allocate the assets to each one.
CryptoHopper vs NapBots: Privacy & Security
Cryptohopper illustrates in greater detail how user protection is guaranteed, while safety precautions are clarified less clearly by NapBots.
Is Cryptohopper safe?
Yes, Cryptohopper is safe and does not store your tokens that prevent user funds from being compromised. The collection, preservation, and analysis of data is always performed in compliance with the most stringent laws.
| PROS | CONS |
|---|---|
| SSL secured communication channel | Use of cookies by advertisers |
| Personal identification information is not required |
Is NapBots safe?
Yes, NapBots is safe and the team considers protecting the users’ data as its top priority.
To ensure a smooth-secure crypto trading experience, they conduct regular security audits of the Napbots website.
Napbots cannot access the users’ assets; they remain on the investors’ exchange accounts. Hence, the platform cannot withdraw funds but can only execute trades.
In addition, Napbots only works with exchanges that maintain high-security standards.
| PROS | CONS |
|---|---|
| No reports of breaches or fraud | Unclear information |
| You can add IP detection and other security measures | No 2FA |
CryptoHopper vs NapBots: Support
Both trading bots have good customers support, but Cryptohopper appears to have a useful support section.
Cryptohopper Support
If users have a problem, they can submit a support ticket that a staff member examines quickly. In addition, you can request help on other Cryptohopper channels or access the FAQ section covering common problems.
| PROS | CONS |
|---|---|
| Comprehensive support section | Not all accounts are active |
| Quick responses |
NapBots Support
The team will also deal with your problems – you can send a message to the chatbot or an email to support and also ask questions on the Telegram channel. There are also guidelines and the FAQ page written by the team.
| PROS | CONS |
|---|---|
| Multiple educational articles | Less structured material |
| 24/7 support |
Cryptohopper VS NapBots: The Verdict
| Category | Winner |
|---|---|
| Pricing and plans | NapBots |
| Reliability | NapBots |
| Ease of use | NapBots |
| Exchange platforms | NapBots |
| Profitability | NapBots |
| Trading strategies | Cryptohopper |
| Operating systems | Cryptohopper |
| Privacy and security | Cryptohopper |
| Help and support | Cryptohopper |
| Communities | Tie |
| Features | NapBots |
Cryptohopper VS NapBots: Overall Rating
Cryptohopper: 7.4/10
NapBots: 8/10
After reading through thousands of reviews and checking both services, we have established a firm opinion on which one is better. Judging by our scores alone, NapBots gains the lead in more categories than Cryptohopper, mainly in the generated performance. By using one of the services, you can achieve some degree of success. However, if you like a broader range of crypto exchanges and cryptocurrencies pairs, secure functionality, and a flawless user interface, Cryptohopper should be your top choice.
Frequently Asked Questions
Where is Cryptohopper located?
Cryptohopper is located in Johan van Hasseltweg 18, Amsterdam and was founded in 2017.
How to use Cryptohopper?
Cryptohopper can be used to automate your trading. You can connect your exchange through API keys and set instructions for your bot to do trading. Even with the free account in Cryptohopper, you can make 20 positions in various trades, manage your portfolio and connect all exchanges.
What exchanges are available on Napbots?
Napbots offers a wide variety of local and international exchanges for investors, including Binance, Kraken, FTX, and Bitfinex (more exchanges to come).
How much does Napbots cost?
The users must pay a subscription pricing depending upon the amount of trade. For budgets under $200, it’s free. The investments above $200 are charged at €2/ month for every $100 invested. The maximum price is pegged at €500.
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