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 NapBots and Cryptohopper and show their advantages and disadvantages.
NapBots is a cloud-based service that enables automated trading of cryptocurrencies. It was launched a few years ago and has thousands of users. Based on the trading frequency(weekly, daily & hourly) users can choose from a variety of pre-made crypto trading strategies to automate their trading. Many NapBots customers choose to diversify between multiples strategies to reduce risk, others prefer to stick to one crypto strategy.
Cryptohopper provides trading bots based on technical indicators. It needs some human intervention for initialization, but it is capable of trading on your behalf, similar to other trading bots.
Table of Contents
1. Subscription & Pricing
Cryptohopper begins at a cheap price but gets expensive when you climb up the pricing ranges. The NapBots silver plan is particularly affordable in this regard.
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.
| Plans | Cryptohopper | NapBots |
|---|---|---|
| Starter package | $16.58/Month | From €7/Month |
| Intermediate package | $41.58/Month | From €39/Month |
| Pro package | $83.25/Month | From €99/Month |
CryptoHopper Pricing
Users can evaluate the program in a trial phase before committing to a particular subscription. You can purchase a full subscription when the free trial ends.
Cryptohopper has the same features in various plans but raises the number of positions, tokens/coins, etc.
Cryptohopper’s most frequent complaint is that the cheaper products provide less features than the $99. Since this drawback remains across multiple sites on the sector, consumers can take it into account.
| PROS | CONS |
|---|---|
| 7-day free trial | High pricing for most plans |
| limited features in the trial version |
NapBots Pricing
NapBots also has multiple monthly subscription plans and can be canceled at any time. You also have the option to pay with NPX token with 25% of the subscription, receiving the token at the same as ICO price.
- The Silver package at NapBots gives you access to:
- Trading bot platform
- Weekly Bots
- Unlimited Execution
- Budget included: €1000
- All Supported Pairs
- Auto Mode allocation
- In addition to the above features, the next price package offers:
- Custom Bot Allocation
- Weekly & Daily bots
- Long/Short Bots
- Bot copying and viewing
- Leverage Allowed
- Budget included: €3000
- Lastly, the professional package opens up:
- All features available in other plans
- Weekly, Daily & Hourly Bots
- Leverage allowed
- Switch exchanges
- Budget included: €5000
- Switch Exchange
NapBots teams offers custom mandates for people that are willing to trade more than $100k, for more information you can write [email protected]
| PROS | CONS |
|---|---|
| Affordable starter plan | Limited to weekly bots in the simulator mode |
| Simulator mode for FreeNo Hidden fees |
Pricing winner: NapBots has a cheaper starter plan and gradually increases prices on the plan.
Cryptohopper: 7.5/10
NapBots: 8/10
2. CryptoHopper vs NapBots: Reliability
Trading bots are generally more efficient than humans, but NapBots have a great reputation for steady profits.
Cryptohopper Reliability
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 |
NapBots Reliability
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 |
Reliability winner: NapBots appears to have fewer unpleasant accidents to deal through.
Cryptohopper: 7/10
NapBots: 8/10
3. 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 |
Ease of use winner: For NapBots, setup and software is much more simple to use.
Cryptohopper: 6/10
NapBots: 8/10
4. 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 compatibles Crypto 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 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 |
Exchange support winner: The Cryptohopper exchange list much better and traders with a greater range and versatility.
Cryptohopper: 9/10
NapBots: 7/10
5. 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 |
Profitability winner: It is difficult to track how profitable the service is for all customers, but the average income on both platforms is good.
Cryptohopper: 8/10
NapBots: 8/10
6. CryptoHopper vs NapBots: Trading Strategies
Overall
Bots can operate both off-shelf and customized strategies successfully.
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.
| PROS | CONS |
|---|---|
| Marketplace with many strategies | Exposure to unprofitable strategies |
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.
| PROS | CONS |
|---|---|
| A wide array of strategies | Risks from trial and error |
| Multiple tools to boost pre-made strategies |
Trading strategies winner: Both services offer a wide range of crypto trading strategies
Cryptohopper: 8/10
NapBots: 8/10
7. CryptoHopper vs NapBots: Operating Systems
Both Cryptohopper and NapBots are cloud based and also have a mobile apps that allow trading anywhere.
Cryptohopper Operating Systems
Cryptohopper is available on both iOS and Android and provides all the necessary trading functions.
| PROS | CONS |
|---|---|
| Smooth operation on all platforms | None found |
| Intuitive app interface |
NapBots Operating Systems
You can enjoy the NapBots mobile experience if you still want to stay on top of your game. It helps you to change your bot configuration at any time or to track your progress anywhere. The engineering team achieve successful integration of trading view and a user interface that is easy to understand.
| PROS | CONS |
|---|---|
| No bugs found | Lags in the desktop app |
| Full functionality on both mobile and desktop |
OS winner: Even though Cryptohopper has a better interface. You will be fully satisfied with both services regarding apps and operating system requirements.
Cryptohopper: 8/10
NapBots: 7/10
8. CryptoHopper vs NapBots: Privacy & Security
Cryptohopper illustrates in greater detail how user protection is guaranteed, while safety precautions are clarified less clearly by NapBots.
Cryptohopper Privacy and Security
Cryptohopper 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 |
NapBots Privacy and Security
The team does not provide any security related detail. However, no breach or fraud is reported till date.
| PROS | CONS |
|---|---|
| No reports of breaches or fraud | Unclear information |
| You can add IP detection and other security measures | No 2FA |
Privacy and security winner: Cryptohopper stat its policies better, while no online service can be completely safe.
Cryptohopper: 8/10
NapBots: 7/10
9. 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 |
Help and support winner: Cryptohopper gives more comprehensive knowledge but NapBots offer more practical tips for trading and their team is available around the clock.
Cryptohopper: 8/10
NapBots: 9/10
10. CryptoHopper vs NapBots: Communities
Both services provide substantial assistance to traders.
Cryptohopper Social Communities
You will find educational material for your level of experience, whether you are a seasoned trader or just a beginner. You will access communities and forums in English, Spanish, French, Dutch and Portuguese, for Discord and Telegram.
| PROS | CONS |
|---|---|
| Active social media groups | None found |
| Multiple languages |
NapBots Communities
Users can join the telegram group where they can interact directly with team members of the project, and they have a YouTube Channel to share platform tips and features. Also, the blog provides valuable content.
| PROS | CONS |
|---|---|
| Available in multiple channels to communicate | N/A |
| Supportive community for beginners |
Winner: These two platforms provide all the necessary content to sets their trading bots.
Cryptohopper: 10/10
NapBots: 10/10
11. CryptoHopper vs NapBots: Features
Let’s see the different features of Cryptohopper and NapBots.
Automated Crypto Trading
Cryptohopper trading bots provide technical analysis, which is a tool for pro-traders. It uses technical indicators such as RSI, Stochastic RSI, EMA, Bollinger Bands, MACD, etc. Many users note that the bot is superb during upward moves on the market.
However, for inexperienced users, TA can be complicated, therefore they can’t unlock the service’s full potential in this case. And, when the market is down, the bot needs more human intervention and activity.
The NapBots service is different from Cryptohopper. They are more plug n’ play style and do not offer other trading tools besides their strategies. However, beginners find it very useful and straightforward.
If you are looking for a free trading bot, try Poinex, they only charge trading fee, not month on month fixed pricing.
Trading Templates and Strategy Customization
Cryptohopper allows you to choose between prepared and scratch strategies. As they can set it up fast and without much awareness of how to trade, beginners are more likely to stick to modules. Nevertheless, as experts online point out, there can be no evidence of usable techniques published by real consumers.
NapBots users can purchase automated bot algorithms developed by their team of professional traders as well as build strategies themselves. The platform also helps you to mix strategies and adjust leverage without having to make your own. Users should note that adjusting criteria to satisfy their particular specifications can be risky. But if you feel good in your skills, it’s not going to be a problem.
Backtesting
When you customize your chosen plan or build one, you’ll most definitely want to know whether it’s going to be profitable. Both platforms provide equal opportunities to test the plans without wasting money. Backtesting helps you to see how the plan would work in the real-world based on historical evidence. Before you find the correct one, you should compare the efficacy of various methods.
Signals and Risk-Minimizing Features
The trading of the Cryptohopper bot will rely on the signals of third-party technical analysts (signalers). Likewise, NapBots hosts a number of signals that you can choose from. The benefit of using NapBots in this respect comes from a simple browsing layout. You can access relevant data to each strategy, such as average performance, maximum gain, frequency of transactions, and other risk metrics. It helps you to make the right decision.
As for risk-minimizing features, Cryptohopper offers a take Profit, stop loss, and trailing stop loss, while NapBots offers less direct implementations of this concept. In fact, you can take profit and stop loss on NapBots by adjusting leverage and the majority of the analysts believe that trading is reckless without protection mechanisms. This reduces the chance of major damages and destroys everything you have.
Social Trading
Cryptohopper simplifies the life of traders with the Mirror Trading feature. Those who can not yet rely on their own market judgment will follow experienced traders. This feature is free to use if you have an active subscription.
NapBots presents users with crypto strategies in a copy trading style. Allowing their users to cherry-pick and copy their desired strategies developed by their team of traders. Their effectiveness can be further boosted using leverage but this is a risky election.
Features winner: If you don’t want to deal with professional features such as technical analysis, NapBots is your service. Also, NapBots’ strategies are considered more reliable because they are created by experimented quantitative researches and traders.
Cryptohopper: 8/10
NapBots: 9/10
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 |
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.
Written by Cripto.Media
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