The cryptocurrency market is going strong and has seen mammoth growth in the past few years. Average investors have now expanded their portfolios to crypto as well and are generating returns as the prices rise. However, in a market that is active 24×7, keeping a constant eye on the prices and generating consistent returns in trading might be difficult. This is where automated trading triumphs manual trading, and the former has now become the norm for a majority of the traders. With trading automation, it is now easy to track prices and execute trades even when you sleep. Moreover, traders can now execute the strategies and bots created by expert traders through social/copy/mirror trading.
In this article, we will paint a detailed comparison between two prominent automated trading platforms, Mudrex and Tokensets, and review their most prominent features in a bid to help you select the right investment platform for all your crypto trading.
Here’s the Mudrex vs Tokensets comparison
Mudrex is a new-age cloud-based marketplace of Crypto automated trading algorithms. The platform was built in a bid to bring crypto investments to everyone. And with an easy-to-use platform, it has executed its vision well. At Mudrex Invest, users can view and invest in pre-made trading bots, created by expert crypto traders. These bots are 100% automated, and spread across multiple exchanges and coins, helping you expand your portfolio across tokens.
However, if you wish to make your own trading strategy, the Mudrex Build platform is the right choice for you. Users can build, backtest and publish their trading strategies, without writing a single line of code using drag and drop technical indicators. In this Mudrex review, we will analyse the best features of the platform and compare it with Tokensets.
Tokensets is a cloud-based automated trading platform built with a focus on the simplification of asset management and reallocation. Users at Tokensets can invest in pre-made trading sets created by other traders or build their own portfolio. The platform helps users invest in multiple coins with ease, and does so excellently. To help traders, even more, the UI is sleek yet offers all details perfectly, and purchasing social sets is really easy. Below, we will review Tokensets and rate it on all major features.
Mudrex vs Tokensets — A Comparison
In this Mudrex vs Tokensets review, we will score both platform’s critical features on a scale of 1-10. These features include but are not limited to platform reliability, ease of investment, community & support and referral bonuses. The final scores are given below, and the detailed review follows.
|Trading Strategies and Profitability||9/10||7/10|
|Ease Of Investment||9/10||6/10|
|Community & Support||9/10||6/10|
#1 Platform Reliability
A reliable platform is essential for any trader, and here, we review some features that make these platforms reliable.
Mudrex was launched in 2019 and is backed by world-renowned startup accelerator Y-Combinator. This no-code automated trading platform has gained a large pool of investors in a very short period, largely due to its easy-to-use mechanism, and investor-first approach. The San-Francisco-based platform boasts of over 15,000 investors, with over $500 million in trade volume to date. To help users invest with the utmost peace of mind, Mudrex has employed features such as no withdrawal permission required API, 2FA, and lightning-fast customer support. In total, Mudrex is completely secure for all investors.
Tokensets, the asset management platform is based in California and was launched in 2018. Currently, the platform has over 7,500 users and is growing strongly. The platform has employed 2FA for security, but users need to invest ETH into their account balance to get started, rather than using APIs to trade.
For any investor, a reliable platform is a must. This gives them the ability to make better decisions while they trust the platform to keep their money secure. Therefore, as Mudrex fits the bill, it receives the highest rank in platform reliability.
#2 Trading Bots/Strategies and Profitability
Every investor wants to make profits from their investments. Therefore, we review the strategies and bots provided by these platforms.
Trading At Mudrex
Traders can easily view all the crucial details about the trading bots right on the Mudrex Invest dashboard. Details such as the coin(s) the bot trades in, total lifetime returns, number of investors in each strategy, a performance score (0-10) by Mudrex rating each strategy after a risk vs reward analysis, total run time of the strategy, the monthly fee and the last 30 day returns. All these bots are 100% automated and help you sleep while you trade.
Investors can easily view the top performing bots, and some of them are listed below with their returns in the past 30 days:
Trading At Tokensets
At Tokensets, users can either purchase pre-built sets or create their own. Each set is a combination of multiple tokens and has a set price and token allocation %. On the explore tab, you can view the details about all the tokens available, which include market cap, price, one-day change, one-week change, one-month change, three-months change and change since inception. Each set also has a separate page, where you can see additional details about the set and its creator.
However, these portfolio sets are not automated, but human-operated, and are infrequently changed due to high network fees on transactions. Therefore, in the case of market fluctuations, users might have to suffer additional losses due to passive reactions from the set owner. Moreover, the sets are susceptible to human error and emotional trading, which can prove to be an issue.
Investors can easily view the top performing sets, and some of them are listed below with their returns in the past 30 days:
For any investor, it is all about profitability, irrespective of investment. Many traders want 100% automated bots to help them earn consistent returns while eliminating the human factor. Mudrex offers fully automated bots that execute strategies automatically, and do not require a constant human touch to trade. Therefore, Mudrex takes the top spot in trading bots/strategies and profitability.
Trading Bots/Strategies and Profitability
#3 Pricing / Platform Usage Fees
High fees can drive investors away, especially first-time investors. Here, we review the pricing or the platform usage fee of these platforms.
To make things simpler for traders, Mudrex Invest does not charge any membership fees, but only charges a minimal fee when you start to invest. The cost can be as low as $5 per month. However, a very unique feature of Mudrex is the Mudrex Protect feature. With the Mudrex Protect stamp in place, if the strategy does not yield profit in a month, you receive a full fee refund.
At Mudrex Invest, you can start with as low as $150 while investing in crypto (this amount is exclusive of the strategy fee). If you wish to create and deploy your own trading strategies, the platform has a free and paid Mudrex Build plan, the latter being $16/m when billed annually.
Tokensets does not charge any fee to use the platform, but the website states that it might add a fee soon, which will be duly notified to its users. Moreover, there is no minimum investment amount one needs to start with, making it a good choice for all investors.
However, all transactions on Tokensets are executed on-chain, which bring forward high gas fees (or transaction fees), that is borne by the user. Small and medium level traders need to shell out high fees for their transactions, which can bring their profits down significantly. If a trader wishes to invest small amounts in multiple sets, the transaction fee and the set fee might make the investment unreliable to generate enough profits.
Purchasable sets on the platform are priced above $65, and many profitable sets are above the $500 mark, while some even reach $1000 and above. If you want to create and publish your own set, then you will have to shell out over $1200 as a publishing fee. For any set, traders are able to set the initial fee between 0% to 10% that is listed under the buy fee.
For most traders, high fees are a put-off on any platform. Moreover, traders want to maximise profits from algo trading while removing the human factor from the trades. Moreover, high crypto fees can bring profits down, especially for the average medium and small traders. This is why Mudrex ranks higher with its minimal fees and pay-as-you-invest platform.
Pricing / Platform Usage Fees
#4 Ease of Investment
For an investor, a non-complicated platform helps them make better decisions. Therefore, we review the ease of investment in both these platforms.
How To Start Investing On Mudrex
With an easy-to-execute process, Mudrex helps investors start their crypto portfolio with just a few clicks. All the details are displayed competently on the invest page, and users can look at the available bots and their details there only. Even though the platform is desktop-only, it is really easy to use and begin trading with.
Here’s how you can start investing on Mudrex:
- Create/ Login to your Mudrex account;
- Connect the desired exchange with API keys;
- Choose the bot you want to invest in and select the amount;
- Pay the platform fee, and you are all done.
How To Start Investing On Tokensets
To begin investing at Tokensets, users have to add ETH to their account for the starting balance. Once added, then the users can explore through the pre-made sets to purchase from.
Here’s how you can start investing on Tokensets:
- Create/ Login to your Tokensets account;
- Create an ETH account or use your old one;
- Send ETH to your Tokensets ETH account to top-up your account balance;
- Explore the sets and select the one you wish to buy;
- Select the amount of sets you want to purchase;
- Start the set, and you are good to go.
The Mudrex Invest platform is extremely easy to start using for investors, which is why it receives the top rank here.
Ease of Investment
#5 Post-Investment Tracking
A trader should be clearly able to view their portfolio, track their investments and make informed decisions. Therefore, we review how post-investment tracking works on these platforms.
Portfolio Tracking At Mudrex
The Mudrex Invest dashboard showcases details such as the bots you have invested in, the total amount invested, the current value of the investment, the total returns in % of each bot, and the overall returns.
Portfolio Tracking At Tokensets
Tokensets offers a pretty simple UI for portfolio tracking. In the My Account section, users can check their balance and portfolio. These details include the set they have invested in, 24 hours change, total balance, and the amount of the set they have purchased.
Mudrex offers a detailed overview of the investments, which is why it is the top-ranked holder for post-investment tracking.
#6 Exchanges Supported
There are many exchanges available for traders to use, and a trading platform should support all major exchanges. Here we review the top exchanges supported by both platforms.
Exchanges Supported By Mudrex
At Mudrex, users can invest through Coinbase Pro, Binance, Bybit, Deribit, OKEx and BitMex.
Exchanges Supported By Tokensets
Users at Tokensets need to deposit ETH in their account to begin trading. ETH can be added to the account via any exchange that deals in the coin.
While Mudrex supports a handful of exchanges, traders at Tokensets need to deposit ETH to trade. Therefore, Mudrex ranks better than Tokensets here.
#7 Community & Support
Every trader wants good customer support in case they face some issues. Therefore, we look at how well these platforms are equipped with these features.
Support at Mudrex is lightning-fast, where users can quickly resolve all their issues. The platform also has a comprehensive FAQ section, which has answers to almost all account-related questions a trader can have. The platform also has pretty active Discord and Telegram communities, with some presence on social media platforms as well. Moreover, in the Mudrex blog, you can find crypto trading strategies, tips & tricks, and a lot more.
Here’s how you can reach Mudrex :
- Email: email@example.com
- Discord: discord.com/invite/qdXmm4N
- Twitter: twitter.com/officialmudrex
Users at Tokensets can get support over Discord and Twitter, as the platform doesn’t offer email support at the time. However, the platform has a detailed FAQ page where users can find updated information on some account-related issues.
Here’s how you can reach Tokensets:
- Medium: medium.com/set-protocol
- Discord: discord.com/invite/x3PGVfP
- Twitter: twitter.com/SetProtocol
Traders at Mudrex have access to fast support and a comprehensive FAQ section. Therefore, it receives the top rank in community & support.
Community & Support
#8 Referral Bonuses
Every trader wants to earn with their professional network, and a good referral program can help them. Here, we review the referral programs offered by these platforms.
When a user refers someone, both the referrer and the referred user receive a $25 bonus. Also, 50% of all the amount spent on the platform by each referred user will be credited to the referrer, without any limits. The platform also occasionally adds bonuses, such as additional referral amounts or other impressive prizes.
As of now, Tokensets isn’t running any referral programs.
While Tokensets doesn’t have a referral program, Mudrex offers a lucrative referral program for its users, with no earning ceiling and additional bonuses, making it the top-ranked platform in referral bonuses.
Mudrex vs Tokensets — The Final Verdict
Even though Tokensets offers a variety of features to its users, through this review, it is clear that it has certain limitations that hinder the average investor to trade on the platform. A high network fee on small and medium transactions and a manually operated portfolio can limit traders from generating the profits they may have generated on other platforms. Mudrex, on the other hand, offers an easy-to-use platform, with a perfect blend of security and lightning-fast support to help you stay in control of your investments.
Built for both experts and beginners, its investor-first approach has made it the ideal choice for thousands of traders. It is safe to say, Mudrex is the high-performing automated trading platform you are looking for.
Let your trades work on autopilot. Get consistent returns with Mudrex.