Out of the many cryptocurrency trading bots to choose from, the names of Cryptohopper and Coinrule often get mentioned by fresh and seasoned traders alike.
If you have never used either of these tools, you might be wondering which one of these sought-after options might be a better fit for you and your trading style.
To help you make an informed decision, here’s a side-by-side comparison of Cryptohopper vs. Coinrule. By going through this information, you can know exactly how to move forward with making your selection between these bot services.
💡 Reputation
In terms of reputation, Cryptohopper has become quite popular among traders who want to automate their cryptocurrency buying and selling activities over popular exchanges. Since Cryptohopper offers a completely automated solution that can be set up and launched within a few minutes, it holds a distinct position within automated trading solutions.
On the other hand, Coinrule trails behind Cryptohopper in terms of overall recognition and reputation. However, those who have used the solution swear by its operations as well as its effectiveness at executing quick and accurate trades through its trading rule creation mechanism. This makes it a good option for automated trading in case you are looking past Cryptohopper for this purpose.
⌛ Time in Business
Based out of Amsterdam, Cryptohopper was established in September 2017, this makes it close to completing half-a-decade of continuous operations in the cryptocurrency industry. Overtime, the platform has surpassed quite a few milestones, including the incredible achievement of having more than 75,000 registered users under its banner.
Coinrule was established in December 2017. The platform operates out of London, U.K., and has a seasoned team behind it that carries its experience in financial and business institutions to Coinrule. With Citigroup and MIT alums helming the operations, Coinrule maintains a transparent approach that adds to its overall status as a reliable platform.
💰 Packages/Prices
Both Cryptohopper and Coinrule offer monthly and annual pricing for their offerings. The platforms also have a free subscription plan on the table that comes with minimal features.
If you choose the annual plan, Cryptohopper gives you around 15 percent to 17 percent discount on the regular monthly price. Whereas, Coinrule offers discounts of around 10 percent to 25 percent on its retail monthly subscription.
Cryptohopper Packages
At the time of writing, Cryptohopper’s 3 paid packages start from $19 per month and go up to $99 per month. You can avail a discount when you pay for these packages annually.
The packages differ across aspects including but not limited to the number of positions, selected coins, triggers, and technical analysis (TA) interval. You can also avail a 7-day trial for the starter tier paid package.
Coinrule Packages
At the time of publishing this comparison, Coinrule offers 3 paid packages that begin from $39.99 per month and go all the way up to $499.99 per month. You can benefit from a discount by going the annual pricing route.
These packages start offering more perks as you upgrade to the next tier. This includes a higher trading volume, as well as an increased number of live rules, demo rules, and template strategies. The number of exchanges that you can connect simultaneously also differs between packages.
⚙️ Strategies
Cryptohopper operates on the basis of making cryptocurrency trading easier for all types of users. With this notion, the platform offers a highly intuitive way to set different strategies and execute various types of trades through an automated solution.
At Cryptohopper, you can browse through a range of strategies that are already being used by existing traders on the platform. If you want to tweak these strategies further or create your own from scratch, you can use the platform’s Strategy Designer that offers you features including but not limited to technical indicators and candlestick patterns.
Through these features, you can easily emulate your own trading style into the Cryptohopper bot and see how this automated solution follows it according to market movements.
Coinrule also offers an automated strategy builder that it terms as a rule creation tool. This tool incorporates different strategies that are all available in easy-to-use templates. This makes customization easier and allows you to modify your strategies until you are satisfied with them.
Coinrule also uses technical indicators and candlestick patterns that make automated trading simpler to handle and easier to understand in the long run. This allows you to create, modify, and monitor your strategies without having to go through an extensive learning curve. When put together with the modern user interface of its platform, Coinrule fulfills expectations left, right, and center.
👌 Exchanges Supported
Cryptohopper offers support for 15 exchanges that include:
- EXMO
- OKX
- Bitvavo
- Bitpanda Pro
- Huobi Pro
- HitBTC
- Bittrex
- Poloniex
- Coinbase Pro
- Binance
- Binance.us
- Bitfinex
- KuCoin
- Kraken
- Crypto.com
Coinrule delivers support for 8 exchanges that include the following.
- Binance
- HitBTC
- OKEX
- Bitstamp
- Poloniex
- Kraken
- Bitpanda
- Liquid
👨💻 Customer Service
Cryptohopper’s customer service is available through a live chat interface that is easily accessible through the website’s main page itself. You can also go through tutorials, resources, and FAQ sections that are quite detailed. This makes it easier for you to find the information that you may need regarding the platform and its solutions at any given time.
Coinrule’s customer services comprise a live chat section as well, while also providing you with a knowledge base, resources, and FAQ sections. These sections also provide the required information in user-friendly approaches, which allows you to grasp the details that you require without unnecessary delays or redundant processes. This makes the platform quite friendly to utilize.
📢 Overall Experience
In terms of the overall experience, Cryptohopper comes laden with features and holds a stellar reputation that steers clear of red flags. The platform’s user-friendly interface and the ability to be as helpful for beginners as it is for experienced traders also adds to its value proposition.
In comparison, Coinrule also carries all of these advantages and allows you to trade your cryptocurrency without adding any unnecessary hassles to the mix. With that being said, it does offer its solutions at higher price points than usual solutions.
With almost double the price difference in initial packages and a significant price hike across higher packages, Coinrule is more expensive than Cryptohopper. Despite the similarity of services, this price difference is exactly what makes Cryptohopper gain an edge over Coinrule.
This means that if you want to start using either of these solutions, the main difference comes down to price as well as your personal preference for trading strategy building and tweaking approaches.
One of the best practices here is to try out both platforms using their free accounts, and decide which one you like the most. From there, you can start paying for the platform of your choosing and enjoy all the additional perks that take your trading activities to the next level.