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Cryptotrader vs Gunbot

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When comparing Cryptotrader vs Gunbot, the Slant community recommends Gunbot for most people. In the question“What are the best trading bots for cryptocurrency?” Gunbot is ranked 7th while Cryptotrader is ranked 12th. The most important reason people chose Gunbot is:

With your purchase, you get free customer support.

Ranked in these QuestionsQuestion Ranking

Common Questions

What are the best trading bots for cryptocurrency?

Cryptotrader

Gunbot

Pros

Pro
API keys do not need deposit/withdrawal permissions

API keys are the "keys" to access your trading exchange account with a 3rd party app. If an app has withdrawal permissions, it can theoretically steal your crypto. This bot does not need such permissions to work, thus it can lose money if not configured properly, but it can't steal your money.

Pro
It alerts you to trades no matter where you are

It can send instant email alerts and SMS notifications to you so that you can be on top of things even when you are far away from your computer.

Pro
It supports backtesting

Backtesting is basically running a set of rules on past market data and see how would the bot have performed during that period. With good projection, an experienced trader can always find similar market conditions to the current ones in past data and then carry out that winning strategy on to the future.

Pro
Strategy marketplace

Once you've tweaked your trading strategy to the max, you can lend your best template settings and technical strategies to other users, for profit.

Pro
All major crypto exchanges are supported

You will have a hard time finding an exchange that is not supported for backtesting or live trading.

Pro
Free Support

With your purchase, you get free customer support.

Pro
Locally hosted

It runs on your PC, meaning you get to keep your money making tool even if the developing software company closes.

Pro
Sell "USED" License

If at some point for any reason you need to sell your license, you can do so in a second-hand license market, or you just sell your Gunthy Coins and keep your license in case you want to use it again just add the tokens back

Pro
Automatic Upgrades and Add-on

Just by adding Gunthy Tokens to your wallet, your License will be automatically upgraded based on the Gunthy Token System, you can go from Standard to Ultimate with bitRage and Market Maker by just buying Gunthy token and keep it in your Gunthy Wallet, your rank will not change unless you sell the coins, so you will keep your upgraded version for as long as you keep your coins

Pro
Privacy friendly

Does not gather information about trades from users, nor does it gather analytical data.

Pro
One time payment

There are no monthly subscription fees, you buy it one time and keep it forever.

Pro
Multiple operating systems supported

It runs on Windows, Linux and Mac.

Pro
Multiple buy & sell strategies

It supports over 32 different trading strategies.

Pro
Free software upgrades

There is no extra charge for major version upgrades.

Pro
Many supported exchanges

It supports Bittrex, Poloniex, Binance, Kraken, Bitfinex and Cryptopia exchanges.

Pro
Tradingview option

Tradingview is the world's leading technical analysis and charting platform, which this bot can use.

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Cons

Con
Not beginner friendly

It requires some coding skills to tweak the strategy of your selected bot to your needs. It is not a turn-key solution.

Con
It is not a bot but a platform to run bots on

With cryptotrader you are actually renting a cloud service for hosting bots, and then you need to rent the bot you are going to use, which can add up to your cost.

Con
Expensive

The plan that allows access to all the functions and instruments an intermediate trader would use is pricey, at 0.0111 BTC ($42.17 in 04/JAN/2019), and it would be even pricier if BTC goes up.

Con
Monthly fees based on bitcoin pricing

If the price of bitcoin goes up too much, you may end up paying thousands of dollars for your subscription.

Con
Purchase fee is based on bitcoin's price

If the price of bitcoin goes up too much, you may end up paying thousands of dollars for a license.

Con
Server recommended product

Since the bot needs to operate 24/7 with stability, and it will use a lot more resources after a few days running (it also tends to eat more RAM), it is recommended that you run a VPS (or get a separate computer to run it reliably).

Con
Each module costs more money

If you want backtesting, its 0.025 extra BTC, and if you want Telegram Trading Insights (Telegram messages to monitor your bot trades), its 0.015 extra BTC.