Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!
Organize purchase receipts, track warranty deadlines, and download a searchable offline copy with your photos and PDFs.
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Which is more popular?
Based on our record, hummingbot
seems to be more popular. It has been mentioned
18 times
since March 2021.
social mentions
0 vs 18
Personal Finance popularity
100% vs 0%
alternatives listed
240+ vs 210
Base details
Website, pricing, platforms and company facts side by side.
User-Friendly Interface Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
Multi-Platform Availability Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
Expense Tracking The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
Flexible Split Options Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
Currency Conversion Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
Bill Reminders The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
Integration with Payment Platforms Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.
Possible disadvantages
Privacy Concerns Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
Subscription-Based Features Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
Manual Entry Requirement Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
Limited Automatic Reconciliation While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
Dependency on Group Honesty The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
Potential for Confusion The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.
Open Source Hummingbot is open source, meaning the source code is publicly accessible. Users can audit the code, contribute to development, and customize the bot to their specific needs.
Customizable The platform allows for vast customization of trading strategies through scripting and configuration files, catering to both novice and experienced traders.
Supports Multiple Exchanges Hummingbot supports multiple cryptocurrency exchanges, providing users with the flexibility to execute arbitrage and market making across various platforms.
Community and Support An active community and comprehensive support resources including documentation, forums, and active developers help users troubleshoot issues and optimize their trading strategies.
Free to Use Hummingbot can be used for free, which lowers the barrier to entry for individuals interested in algorithmic trading.
Possible disadvantages
Technical Complexity Setting up and configuring Hummingbot can be technically challenging, requiring a certain level of programming knowledge and familiarity with command-line interfaces.
No GUI Hummingbot lacks a graphical user interface (GUI), making it less user-friendly for those who are not comfortable using text-based command inputs.
Limited Customer Support Though there is an active community, official customer support is limited, which can be a drawback for users who require more direct assistance.
Resource Intensive Running Hummingbot can be resource-intensive, requiring a computer with sufficient processing power and stable internet connectivity for optimal performance.
Security Risks As with any open-source software dealing with financial transactions, there are inherent security risks. Users must ensure they follow best practices for securing API keys and confidential information.
Analysis
An editorial look at what each product does well and who it suits.
Splitwisehummingbot
Overall verdict
Splitwise is a highly effective tool for managing shared expenses, especially if frequent splitting of costs is involved. Its features make it easy to track who owes what, and its automatic calculations save time and reduce errors.
Why this product is good
Splitwise is popular because it simplifies sharing and tracking expenses among groups, making it ideal for roommates, friends on trips, or any group spendings.
It automatically calculates balances and reminds users about payments, reducing the awkwardness of asking others for money.
Offers a user-friendly interface both on web and mobile apps, which makes managing expenses convenient and accessible.
Supports multiple currencies, which is great for international travel groups.
Integration with payment platforms like PayPal and Venmo for easy settlement of debts.
Recommended for
Roommates who need to regularly split household bills and expenses.
Groups of friends or families who often travel together and need to manage shared travel costs.
Colleagues or classmates working on projects or events that require shared funding.
Anyone who wants to avoid the hassle of manually tracking and settling shared expenses.
Overall verdict
Hummingbot is a solid choice for those interested in algorithmic trading within the cryptocurrency market. Its open-source platform is particularly appealing for users who want to customize their trading strategies and have some level of technical expertise to set it up and maintain it.
Why this product is good
Hummingbot is considered good by many users due to its open-source nature, allowing for transparency and flexibility. It supports a wide range of cryptocurrency exchanges and trading strategies, including market making, arbitrage, and more. Users appreciate its active community, which contributes to ongoing improvements and provides support. Additionally, it allows for algorithmic trading without requiring advanced coding skills.
Recommended for
Cryptocurrency traders interested in algorithmic or automated trading
Tech-savvy users who appreciate open-source software
Individuals looking to implement custom trading strategies
Traders seeking a platform that can operate across multiple exchanges
Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With...
Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the...
For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group....
Hummingbot is great for traders who want to provide liquidity and profit from bid-ask spreads. It’s highly customizable and supports advanced trading strategies.
- Source: dev.to
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over 1 year ago
Bot for my own DCA-Plan
I found this one called hummingbot and one of cryptomaton (an user from this sub).
Source:
about 4 years ago
What are the benefits of developing your own tools vs using pre-made ones like metatrader when time and costs are not considered?
As a tool-maker (I"m one of the founders of hummingbot.org), my advice is to figure out what parts of your strategy is core to its success, and which parts are non-core and generic. Use tools to "outsource" the non-core bits so that you...
Source:
about 4 years ago
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