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Mizar vs Cryptohopper: Picking The Best Copy Trading & Automation Platform

Reviews
15-DEC-22
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 grey Cryptohopper logo.

Mizar vs Cryptohopper Crypto Bot Comparison: A Quick Overview

Although Mizar and Cryptohopper are both platforms designed to automate trading, their approach differs across the board. This article breaks down key and advanced features to consider which automated trading platform might fit you better. 


Mizar vs Cryptohopper Crypto Bot: Pros Compared At A Glance

Mizar Crypto Bot Pros

Cryptohopper Crypto Bot Pros

Token-powered automated trading ecosystem

AI-powered crypto trading bot

Unlimited features at no extra cost

Up to a 95% discount on paid plans, only pay if trading

Expert-level features, beginner-friendly tools and flexible setup options 

Intuitive onboarding and one-click trading automation experience

IOS/Android mobile app and one-click trading


Mizar vs Cryptohopper Crypto Bot: Cons Compared At A Glance

Mizar Crypto Bot Cons

Cryptohopper Crypto Bot Cons

Lacks reputation, as the platform has been launched recently

Limited free mode duration and features

No mobile application

No trading signals by default

Disrupted learning curve

No marketplace for copy trading strategies, only signals. You have to setup bots by yourself


Mizar vs Cryptohopper Crypto Bot Comparison: In-Depth View


Mizar vs Cryptohopper Crypto Bot Comparison: Key Features

Description

Mizar Trading Bot

Cryptohopper Trading Bot

Unlimited Features 

[W/O Subscription]

Yes

No

User-Friendliness

High

Medium

One Click Copy-Trade

Yes

No

Marketplace Of Strategies

Yes

No

DCA Bots [No Coding]

Yes

Yes

API Bots

Yes

No

Grid Bots [No Coding]

No

Yes

Pay-Per-Use Paper Trading [Unlimited]

Yes

No

API And TradingView Connect

Yes

Yes

Portfolio Tracker

Advanced

Good

Positions Manager

Advanced

Good

Mobile App [IOS/Android]

No

Yes

Free Paper Trading

Yes

No


Mizar Trading Bot Key Features Explained

  • Copy Trading. Automatically Copy experienced traders in one click and enjoy profits.

  • Social Trading. Embrace a powerful trading community, tips, and strategies in an automated way.

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

  • Marketplace. A venue packed with bot trading strategies for any taste.

  • Smart Trading & Portfolio Tools. Track and manage your portfolio like a pro while saving time with smart management automation. You can close the positions, cancel, add funds, edit take profits, and more.

  • Paper Trading. Safe trading environment, including practicing with stop loss & trailing orders, stop loss selling, multi-take profits, and more.


Cryptohopper Trading Bot Key Features Explained

  • Copy Trading. Less user-oriented copy trading, no one-click solution.

  • Social Trading. A powerful community to follow and exchange experience.

  • Trading Bots. DCA and Grid bots, but no API bots.

  • Marketplace. Cryptohopper doesn’t have a trading strategy marketplace. 

  • Smart Trading & Portfolio Tools. Some portfolio tracking and management tools.

  • Paper Trading. Professional tools to test your trading ideas & strategies. 


Mizar vs Cryptohopper Crypto Bot Comparison: Advanced Features

Description

Mizar Trading Bot

Cryptohopper Trading Bot

Advanced Trading Functions (Stop Loss, Trailing, Multi Take Profits)

Yes

Yes

Multi-Currency Bots

Yes, Unlimited

Yes, Depending On Your Subscription

Multi-Exchange Bots

Yes, Unlimited

No

Multi-Subscription Bots

Yes, Unlimited

Each Time You Want To Trade With A Bot, You Have To Develop/Copy A New One

Multi-Quote Assets Supported

Yes

Yes

Multi-Markets Supported

Yes

Yes

Smart Trading Terminal

Yes

Yes

Both Mizar and Cryptohopper have similar advanced features set, but Mizar does a better job when it comes to multi bots —- you get unlimited access, unlike Cryptohopper.


Mizar vs Cryptohopper Crypto Bot Comparison: Fees And Rewards

Description

Mizar Trading Bot

Cryptohopper Trading Bot

No Subscription Or Monthly Fees

Yes

No

Profit Sharing 

[For Copy Trading]

Yes

No

Referrals - Scalable, Based On Traded Volumes

Yes

No

Discounts

Up To 95%

6% With Yearly Plan

Free Trial

$10k Free Traded Volume Each Month + $5 For Free

3 Days

Mizar Trading Bot Fees And Rewards Explained

Trading with Mizar comes at no extra cost, as you can try all the features for free without any subscription or fees whatsoever. The trial is capped at $10k free traded volume each month. You don’t pay unless you trade over that amount. 

Furthermore, Mizar has featured the STAR tiered system to provide a flexible fee structure for active users. You can get a discount on trading fees by participating in the project’s economy  — the more you stake MZR tokens, the fewer your trading fees become. Total up to 95% discount on general fees, and up to 50% off the performance fees. [copy trading fees, paid only if profitable]

Cryptohopper Trading Bot Fees And Rewards Explained

Cryptohopper requires you to subscribe and pay regular fees to use the bot. The price isn’t as flexible because the platform doesn’t provide an opportunity to refer other users. However, you can get a 6% discount for a year-round plan. The free trial period lasts for 3 days straight, then you have to get a subscription.


Mizar vs Cryptohopper Crypto Bot Comparison: Exchanges & Customer Support


Exchanges

Description

Mizar Trading Bot

Cryptohopper Trading Bot

Supported Exchanges

11 CEX, Multiple Markets

18 CEX, Multiple Markets

Non-Custodial - API Connect

Yes

Yes

Customer Support

Description

Mizar Trading Bot

Cryptohopper Trading Bot

Customer Support

Very Good

Good

Features Implementation Community Centric

Yes

No

Cryptohopper supports more exchanges but doesn’t stand a chance against community relations. The key difference between Cryptohopper and Mizar lies in the operational model and community work. Mizar has the blockchain backbone, allowing decentralized decision-making, while Cryptohooper does not. In other words, the Mizar community has a say in major decisions, unlike Cryptohopper.


Closing Thoughts

The power of an automated trading niche lies with Mizar advanced features, flexible pricing, and the flywheel cultivated by tokenomics. Although the ecosystem is fairly new, traders can already benefit from copy trading and other smart trading tools — all under one single interface. Overall, it’s a go-to solution for traders of all talks. 

Cryptohopper, on the other hand, is less user-friendly, has a few multi-trading features, and no blockchain underpinning. Onboarding is rather challenging, bot setups are complicated either. Especially if you’re a newbie looking for one-click solutions. Overall, Cryptohopper is a go-to solution for advanced traders with high-volume accounts. 


FAQ

What is Copy Trading by Mizar?

The copy trading feature is a simple way to capitalize on the experience of other traders — you can copy their trades for profits. No trading, technical, or other experience required. 

What is Smart Trading by Mizar?

On Mizar you can connect to TradingView and use indicators via Mizar copy trading & automation platform to spot trading opportunities otherwise missed. You can access a wide range of tools directly via the Mizar interface. 

What Are Copy Trading Exchanges by Mizar?

The Mizar copy trading & automation platform supports 10 crypto exchanges, including the following: Huobi, FTX, Binance, OKX, Coinbase Pro, MEXC, WOO NETWORK, Bybit, Crypto.com, and KuCoin crypto exchanges. 

What is a Crypto Portfolio Tracker?

Portfolio tracking software is one of the ways to manage your trading/investment activity. You can add, remove and rebalance your assets either manually or according to your predefined rules. This way, you can still efficiently control your portfolio while saving time.