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Mizar vs Bitsgap: Which Platform Is The Best Copy Trading Solution For Crypto

Reviews
11-JAN-23
This image has navy blue and turquoise gradient background with small stars. It contains white text and the Mizar logo saying "the smarter way to trade crypto". The image also contains a Bitsgap logo.

The time has come if you've been looking for a walkthrough guide to pick the best copy trading platforms. By covering this digest, you'll fully understand both Mizar and Bitsgap trading platforms, associated features, pricing details, and more.

Mizar & Bitsgap At a Glance

Let’s briefly mention each trading platform to understand the key benefits you can get out of trading on either of them. 


What is Mizar?

Mizar is a relatively new platform designed to automate your trading experience on both spot and futures markets. The platform is powered by blockchain technology to reduce trading fees and facilitate a smoother user experience. Some of Mizar's features include the following.

  • Copy Trading. Mirror trades of more experienced traders within a few clicks.

  • Smart Trading. Manage your crypto positions via Mizar’s smart order toolkit and integrated charts.

  • Paper Trading. Test strategies before risking real money.

  • DCA Bots. Access effortless and safe trading strategies based on dollar-cost averaging.


What is Bitsgap?

Bitsgap is a browser-based trading platform, the desktop version is not implemented. The workspace has a classic layout: a separate section for independent transaction management, an interface for creating bots and profile statistics, and a section for connecting exchanges. 

Bitsgap supports trading on spot and futures markets. The test environment is integrated into Bitsgap bots in order to check the algorithm's efficiency before launching. Additional tools of Bitsgap: in-browser notifications and charts with built-in technical indicators.


Mizar vs Bitsgap Crypto Bot Comparison: A Quick Overview


Mizar vs Bitsgap Crypto Bot: Pros Compared

Mizar Crypto Bot Pros

Bitsgap Crypto Bot Pros

The ecosystem is powered by the token economy, allowing for a flexible pricing structure, and other benefits for users. 

Powerful Grid, arbitrage [across exchanges], and futures bots.

Subscription-free use of trading features.


Up to $10,000 of traded volume for free each month.

Built-in marketplace for trading signals. You can pick the best trading opportunities.

Built-in marketplace for trading strategies as well as the basic and advanced order types like Take Profit, Stop Loss, Trail orders, and more. 

Basic and advanced order types to exert more control over your trading approach [take-profit, stop-loss, shadow orders, and more].


Mizar vs Bitsgap Crypto Bot: Cons Compared

Mizar Crypto Bot Cons

Bitsgap Crypto Bot Cons

A relatively new platform.

Limited access to features, you need to pay a subscription fee to access all features.

Slightly limited exchange support [including 10 major exchanges like Binance, Huobi, Coinbase, etc].

Questionable reputation concerning  the legal background, not legally supported by some entities.

Limited educational resources [being filled with more and more educational resources with their blog that launched recently].

Lack of functionality in terms of supported tools. No copy trading for strategies, no margin trading. 


Mizar vs Bitsgap Crypto Bot Comparison: In-Depth View

Let’s now elaborate on specific features to understand what is the difference between Mizar and Bitsgap.


Mizar vs Bitsgap Crypto Bot Comparison: Key Features

Description

Mizar Trading Bot

Bitsgap Trading Bot

Unlimited Features Without Subscription

Yes

No

One Click Copy-Trade

Yes

No

Marketplace of Strategies

Yes

No

DCA Bots

[No Coding Required]

Yes

Yes

API Bots

Yes

No

Grid Bots

[No Coding Required]

No

Yes

Smart Trading Terminal

Yes

Yes

Pay-Per-Use Paper Trading - Unlimited

Yes

No

API & TradingView Connectivity

Yes

No

Portfolio Tracker

Yes

Yes

Positions Manager

Yes

Yes

Mizar is not only abundant with trading tools and features but also consistently adds more functionality for end users. One of the recent additions would be the integration of the futures market on Woo X. The exchange allows zero fees on perpetual futures, allowing all Mizar users to optimize their costs and get more value [like higher trading volume benefits].

Find out more about Woo exchange and their zero-fee futures update.


Mizar Trading Bot Key Features Explained

  • Trading Bots. A wide range of bots, including DCA, Grid [soon], and API bots. No coding background or prior trading experience is required to deploy these bots.

  • Paper Trading. Access paper trading and live testing features to secure your trading experience before trading real money. Trade risk-free and supplement your learning curve before jumping in headfirst. 

  • Advanced Trading Tools. Unlock smart order management tools like Stop Loss, Take Profit, Multi Take Profit, Trailing orders, DCA/Entry points, long/short trading tools, and more. 

  • Portfolio Management. Control all your crypto assets using the Mizar interface — one single dashboard to track and manage your positions. Open/close positions, add funds, edit take profits, stop loss selling, etc. 

  • Copy Trading. Use ready-to-go strategies, and copy trades of more experienced traders to make profits: no coding/trading experience required.

  • Complete Safety. Use an advanced API system, TradingView webhook, and other tools to connect crypto exchanges without ever losing custody over your funds. Mizar will never share your personal data. 


Bitsgap Trading Bot Key Features Explained

  • Advanced Bots. Bitsgap offers users three types of trading bots. Sbot is a medium-term algorithm that uses a grid of orders to make profits. Classic grid bot with a short timeframe used in the bull market and сombo futures algorithm based on a combination of grid orders and DCA strategy.

  • Smart Orders. Classic and advanced order types are available: Limit, Market, Stop-Limit, Shadow Order (no freezing of funds when a certain price is reached), and TWAP (order execution in portions). SL/TP and TWAP orders are available for risk management. The chart is integrated from TradingView: any user can benefit from technical indicators of the service, selection of timeframes, and construction of trend lines.

  • Intuitive UX/UI. Users can access orders on the settings and launch panel, as well as statistics of the algorithms. Anyone can easily turn on the system of risk management, including trailing, SL/TP, and more. 

  • Testing & Portfolio. Users have access to a test environment with historical charts, where they can analyze bot trades and manage their portfolios.


Mizar vs Bitsgap Crypto Bot Comparison: Advanced Features

Description

Mizar Trading Bot

Bitsgap Trading Bot

Advanced Trading Functions 

[Stop Loss, Trailing, Multi Take Profits]

Yes

Yes

Multi-Currency Bots

Yes

Yes, depending on your subscription

Multi-Exchange Bots

Yes

No

Multi-Subscription Bots

Yes

No

Multi-Quote Assets Supported

Yes

Yes

Multi-Markets Supported 

Yes

Yes

Mizar brings an effortless user experience to automate trading via copy trading, smart trading tools [multi-currency, multi-exchange, multi-subscription bots], portfolio tracking, and more. Bitsgap focuses on swing and mid-term traders with a keen interest in futures while also offering basic copy trading features.


Mizar vs Bitsgap Crypto Bot Comparison: Fees And Rewards

Description

Mizar Trading Bot

Bitsgap Trading Bot

No Subscription Or Monthly Fees

Yes

No, monthly subscription fee

Profit Sharing

[For Copy Trading]

Yes

No

Referral Program - Scalable, Based On Traded Volumes

Yes

No

Discounts

up to 95%

30% with a yearly plan

Free Trial

$10K free traded volume each month + $5 for free

7 days


Mizar comes at no cost by default

Mizar features a volume-based trading fee system — the structure no other trading platforms use. Fees based on traded volume are better than a fixed or subscription model because you have more flexibility and complete transparency. With a fee based on traded volume, you know exactly what you’re paying for and can adjust spending accordingly. This allows you to budget more effectively and make informed decisions

Additionally, fees based on traded volume offer more choices, as you can choose to pay more or less depending on your own trading needs. This offers a much more cost-effective alternative to subscription services, where you can be taken advantage of and sometimes end up paying for services you don’t need.

You can use Mizar features for free unless you trade > $10,000 within a month, excluding copy trading. If you exceed the limit, you’ll need to make a deposit to keep using all Mizar features. Copy trading comes with the performance fee based on realized monthly gross profits.

The STAR System Discounts

All Mizar users can reduce regular trading fees by 95% and copy trading fees by 50% through the STAR program. The more $MZR you stake in your M-wallet or the more your average 30 days trading volume is from the Mizar Platform, the less fees you pay.

There are different STAR levels that you can attain to reduce your Performance and Volume Fee ranging from Nebula to Black Hole. The higher your ranking, the more discounts you will get. Learn more about tiers and discounts you can get.


Bitsgap offers some free features

You get a 7-day trial to test features. Once it’s over, you lose access to the best features unless you subscribe to one of the available paid plans. 

  • Basic: $29 per month. An unlimited number of transactions, connection to any exchanges, and up to 2 active trading bots Sbot or Classic Bot.

  • Advanced: $69 per month. Access to futures bot and Trailing system, up to 5 bots at once.

  • Pro: $149 per month. Up to 20 active bots, the ability to activate Stop Loss/Take Profit for algotrading.


Mizar vs Bitsgap Crypto Bot Comparison: Security

Crypto activity reached phenomenal heights in recent years, but the hangover has been equally painful. Amongst the wreckage, many 3Commas users have been subjected to API data [API keys, secrets, and passphrases] leakage. Even though the 3Commas team has requested all keys to be revoked, it may be a little late to take protective measures. 

The moral of the story is that trading platforms need to fence against potential security breaches, perhaps more than ever. Let’s compare Mizar and Bitsgap from a security perspective to understand which platform is safer. 


Trading with Mizar: Security Above Anything

Mizar cares about your security and brings the following features.

  • Up-to-date SSL/TLS encryption 

  • 2FA to enhance account security

  • Top-tier protection against DDOS attacks 

  • A platform allowing self-custody and safe crypto holding

  • Application firewall, protecting your web surface experience

  • Encrypted API to stay protected against stolen authentication, code injections, denial-of-service attacks, and more.

  • Rock-solid trading engine and reliable price oracle to aggregate market data in a safe manner. 

You can be sure that several security protocols protect your funds and personal data around the clock. The platform, under no circumstances, will share your data with external parties and is constantly working on ways to keep you even more save. IP whitelisting will be released by the end of January.


Bitsgap: A Secure Crypto Trading Platform

Bitsgap seems a secure trading automation platform, as it has multiple reviews, mentions across the industry blogs/reputable websites, and almost no negative feedback when it comes to security. 

Some of the security features you get include the following.

  • Bitsgap never touches your funds and has no access to your funds whatsoever

  • Advanced API protection, ensuring your data like login, password, and account balance are safe.

  • High-end encryption accordion to the 2048-bit standard protocols, firewall protection

  • Additional layers of protection like hardware security keys, FIDO2, and more.


Mizar vs Bitsgap Crypto Bot Comparison: Exchanges & Customer Support


Description

Mizar Trading Bot

Bitsgap Trading Bot

Supported Exchanges

11 CEX, Multiple Markets

15 CEX

Non-Custodial API Connectivity

Yes

Yes


Mizar supports 10 major crypto exchanges: Huobi, KuCoin, Binance, Binance.US, OKX, Coinbase Pro, MEXC, Woo Exchange [including recent futures add-on], Bybit, Crypto.com, and Bitget. 

Bitsgap works with 14 crypto-exchanges, including the following: Binance, Bitfinex, Bittrex, Bybit, Coinbase Pro, Gate.io, Gemini, HitBTC, Huobi, Kraken, Kucoin, OKX, Poloniex, and WhiteBIT.


Closing Thoughts

If you’re willing to automate your trading experience, both Mizar and Bitsgap platforms can be a good pick. They’re equally safe and reliable, but Mizar is doing a better job delivering cutting-edge features to trump Bitsgap. 

Each Mizar user can access completely automated copy trading, custom DCA trading, advanced smart trading, and risk-free paper trading. Bitsgap traders can’t use social trading features like copying more experienced users within a few clicks. If you’re a newbie trader, Mizar fits much better overall. 

As an advanced trader, you can benefit from Mizar’s flexible pricing structure [including up to 95% discount on regular trading fees and up to 50% copy trading fees]. This fee structure is unmatched, leaving Bitsgap no chances in terms of pricing.

Summing all the above up, Mizar is a better pick, regardless of your trading experience.


FAQ

How Secure is The Mizar Trading Platform?

Mizar supports non-custodial API & TradingView connectivity, implying superior asset safety. In other words, your funds are secure because no one except you can withdraw [unless you willingly provide access to withdraw, for example, to your friend or relative]. Moreover, you benefit from Web Application Firewall, encrypted API,  DDOS Attack Protection, SSL/TLS Encryption and two-step authentication. 

What is Copy Trading?

Copy trading is a trading practice allowing you to follow other traders for instant results. No prior trading or technical knowledge required. Mizar provides one-click copy trading experience for traders with any background. Keen to participate? Become a part of the copy-trading.

What Is The Best Copy Trading Platform?

Mizar is one of the best automated crypto trading platforms, focusing on copy trading and one-click trading automation available to anyone. 

Can Newbies Use Mizar Trading Platform?

Mizar is 100% user-friendly. You can benefit from all features regardless of your trading background. Whether you’re a complete newbie making the first steps toward the crypto market [collect experiences via Binance paper trading account], or a full-time trading veteran, Mizar will ensure a smooth experience for you. 

Which Exchanges Does Mizar Trading Bots Support?

As of writing, Mizar works with 10 crypto exchanges: Huobi, KuCoin, Binance, Binance.US, OKX, Coinbase Pro, MEXC, Woo X, Bybit, and Crypto.com