What is WunderTrading?
WunderTrading is a crypto trading platform where you can aggregate all of your crypto exchanges and have a holistic view of all of your exchange accounts and easily manage them. It also has a suite of features including a trading terminal, DCA bots, copy trading crypto, and spread trading terminal.
Key Features
Trading automation with WunderTrading bot – In our WunderTrading bot review, the bots that they offer can be used with your Tradingview strategies and executed automatically. The interface is very intuitive and has a lot of useful features such as automated take profit and stop loss.
WunderTrading Copy trading – If you are new to crypto, you can choose to copy successful traders instead for a monthly subscription. There is a marketplace of traders where you can copy their strategy. Their trading analytics regarding their profit and loss and success rate are publicly available.
Trading terminal – If you have multiple exchange accounts like Binance, FTX, Kucoin, Kraken, etc. and having trouble keeping track of everything then you can connect it to the platform and access all of it in one place. There is a terminal you can use to trade manually on connected accounts.
Crypto bot trading strategies – The aforementioned knowledge base also has several free strategies you can try and most of it have been tested thoroughly. If you have no experience with Tradingview strategies, it will give you a template you can start with to help you understand how it all works.
DCA terminal – With a paid subscription, you can automate dollar-cost averaging. This allows you to build your portfolio automatically and purchase at the right time. You can also set the price if you want to take profits. No need to stare at charts waiting for the perfect buying opportunity.
Multiple supported exchanges and Futures trading support – WunderTrading has tons of supported exchanges such as Binance, FTX, Bybit, Huobi, Kucoin, FTX, Kraken, and many more. Futures trading is also available on several exchanges.
Safety and Security
No software involved – You do not have to install anything on your computer to use WunderTrading. All of the bots are cloud-based and you do not need to keep your computer on all night in order for it to function. Just configure it online and it will do the work for you.
No Deposits required- WunderTrading does not require any funds to be deposited into it. All of your accounts and funds will be accessible through the exchange API so you can always set permissions to protect your money.
Two-factor Authentication- WunderTrading recommends setting up two-factor authentication using the Google Authenticator app on your mobile phone. This added layer of security aims to make sure no one else will be able to access your account so your connected exchange accounts will always be protected.
Pricing
You can start using WunderTrading for free, with a 1-month Pro trial period. You can have a plethora of features available for you with just a free plan such as 5 open positions, 2 Active bots and 1 API per exchange, a Trading terminal for both spot and futures, automated spot or futures trading through crypto bots, and automated take profit and stop loss. The basic plan allows you to have 15 open positions, 5 active bots, 2 APIs per exchange, trailing stop, multiple take profits, and a DCA terminal.
Moving on to the Pro plan, you can have up to a whopping 100 open positions, 15 active bots, 5 API per exchange, the ability to set a fixed amount for open positions when trading futures, spread trading, and swing trade. The premium plan unlocks all of the restrictions and lets you have unlimited positions, APIs, and bots.
The Basic plan costs $9.95 per month, the Pro plan costs $24.95 per month, and the Premium plan costs $44.95 per month with discounts depending on the length of subscription ranging from 10-25%. WunderTrading also has several promotions all year round such as holidays and events with discounts of up to 50% off.
What is Bitsgap?
Bitsgap is a crypto trading platform that allows trading via different crypto trading platforms through one unified interface similar to WunderTrading. The most well-known feature of Bitsgap is that its demo mode provides an opportunity for traders to practice trading without making any investment.
Key Features
Shadow orders – This allows you to make stealth trades that are off the order books without reserving your available balance on the exchange. Orders will be placed only once the price reaches your goal. This is essential if you want to be able to place orders without using a portion of your available balance.
Demo mode- allows you to test the bot features and performance without risking any money. This is useful if you are new to crypto and do not want to risk any of your portfolios. Making sure your strategy works can give users peace of mind.
Crypto trading bots- In our bitsgap bot review, the bitsgap trading bot is a fully automated trading bot that allows you to create buy and sell orders automatically. You can also set your take-profit and stop-loss similar to WunderTrading bots.
Semi-automatic Arbitrage – In our bitsgap arbitrage review, we found that the feature makes it easier for average users to take advantage of the price difference between cryptocurrency markets and make profits.
Safety and Security
No software involved – Similar to WunderTrading, you do not have to install anything on your computer to use Bitsgap. All of the bots are cloud-based and you do not need to keep your computer on all night in order for it to function. Just configure it online and it will do the work for you.
No Deposits required- Similar to WunderTrading, Bitsgap does not require any funds to be deposited into it. All of your accounts and funds will be accessible through the exchange API so you can always set permissions to protect your money.
Two-factor Authentication- Similar to WunderTrading, Bitsgap also uses two-factor authentication. This added layer of security aims to make sure no one else will be able to access your account so your connected exchange accounts will always be protected.
Pricing
Bitsgap plans range from $29 a month, $69 a month, and $149 a month with a free 14-day trial period for any of these plans. The $29 plan allows you to have 2 active trading bots, unlimited orders, and access to grid trading. The $69 plan allows you to have the same features like the basic plan with the addition of 3 more bots, access to futures bots, and trailing exits. The pro plan extends your access to up to 20 bots, the same features as the previous ones, and automated take profit.
Side-by-side comparison
In terms of features, WunderTrading and Bitsgap are pretty similar when it comes to aggregating exchange accounts and being able to access them in one place. There are key differences, however: WunderTrading has a copy trading feature that allows users to copy other traders, Bitsgap doesn’t have this feature. However, Bitsgap has semi-automatic Arbitrage that allows users to make profits automatically with Arbitrage, WunderTrading doesn’t have this feature.
WunderTrading already has to take profit and stop loss right out of the free plan, but Bitsgap only has this with their Pro plan. Futures trading is also already available on WunderTrading, but Bitsgap only has this on their Advanced Plan. Trailing stop is also already available on WunderTrading’s Basic plan, while Bitsgap only has it on the Advanced plan. However, Bitsgap allows unlimited positions from the lowest price point. while WunderTrading only has it available on premium plans.
Having a Demo mode is also one of the key differences between WunderTrading and Bitsgap, WunderTrading does not have paper trading while Bitsgap does. This allows traders to test if their bot is working properly without risking any part of their portfolio. This also allows them to backtest their bot’s profitability for maximum efficiency. This is particularly useful for first-timers who do not have any experience using cryptocurrency trading bots.
Shadow orders is also a feature that Bitsgap offers but WunderTrading does not have. As mentioned, this allows traders to make invisible trades that do not appear in the order book without even using a part of their available balance on their portfolio, The orders will only be executed once the price hits the desired goal. This is particularly useful to avoid frontrunners and if you want to reserve a spot while not consuming any of your available assets.
In terms of security, these two platforms are similar. The trading bots they have available are cloud-based and does not need any software to be installed on the user’s computer. This is important for people who value cyber-security. Both of the platforms also do not require any funds to be deposited to it, you only need to connect your exchange APIs and your funds will be safe in your exchange. Lastly, both of the platforms use two-factor authentication which makes it less vulnerable to hacks.
In terms of pricing, WunderTrading is a better option due to the fact that you can use it for free and the trial period is 30 days compared to Bitsgap’s 14-day period. The value that you will get from WunderTrading for free is similar to the $29 plan of Bitsgap. The cheapest paid WunderTrading plan is $9.95 compared to Bitsgap’s $29, and the most expensive is $44.95 compared to Bitsgap’s $149. This is a pretty huge price difference considering the features that you will get for the price point.
Conclusion
At a glance, WunderTrading is a better option when it comes to features and pricing. It already offers most of Bitsgap’s features at a lower price and offers some more essential features that Bitsgap does not have such as copy trading. Bitsgap on the other hand offers features that WunderTrading does not, such as demo mode, automated arbitrage, and shadow orders. These features might be useful for some but for an average user, WunderTrading is the clear winner.