Crypto trading bots are software platforms that automate specific crypto trading tasks (e.g. selecting, buying, or selling a cryptocurrency), based on specific rules predefined by the robot’s designer and fine-tuned by the user.
The following article compares 3Commas and Cryptohopper, the two most common crypto trading bots on the web. They both serve the main purpose, but there are differences between them, indicating a proper selection between them is warranted.
3Commas
Features 100%
Security 100%
Ease of use 100%
UI/UX 90%
Pricing 70%
Crypto exchanges supported 100%
Free trial period 70%
Automated trading 100%
Backtesting 90%
Social trading 90%
Mobile app 80%
Day/night mode 90%
Overall rating 88%
CryptoHopper
Features 100%
Security 100%
Ease of use 80%
UI/UX 80%
Pricing 90%
Crypto exchanges supported 80%
Free trial period 100%
Automated trading 90%
Backtesting 80%
Social trading 90%
Mobile app 90%
Day/night mode 80%
Overall rating 84%
3Commas Trading Bot – Overview
Since its inception in 2017, 3Commas has grown to more than 33,000 active monthly users. Being a well-rounded automated cryptocurrency trading platform, 3Commas allows its users to fully customize and predefine their trading actions, copy the actions of successful traders and create or track successful portfolios.
In this full review of 3Commas, the reviewers reveal how traders can keep up with various orders on different exchanges, and develop sophisticated and elaborate smart trading skills and more complex trading strategies.
Cryptohopper is one of the most heavily used automated trading tools in the market. By using this auto trading bot, users can fully upgrade their efforts from manual trading to automatic trading.
The platform’s users come both from the realm of crypto enthusiasts and the world of professional traders and investors. Its AI-powered automated trading functionalities are applicable in spot and derivative crypto markets and within the execution of different trading strategies.
In this extensive review of Cryptohopper, you can find out why it is considered the best-of-breed auto trading bot in the crypto ecosystem.
Comparison tabl>Comparison table
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3Commas
CryptoHopper
Company Location
Canada
The Netherlands
Founding Year
2017
2017
Supported Exchanges
23
13
Free trial period
3 days for Pro
7 days for Starter
Price
29-99 US$
19-99 US$
User Experience
Superior
Advanced
Payment options
PayPal / Apple Pay / Credit or Debit Card / Crypto
PayPal / Bank Transfer / Crypto
Cloud-Based
Yes
Yes
Automated trading
Yes
Yes
Backtesting
Yes
Yes
Social trading
Yes
Yes
Mobile app
Yes
Yes
Day/night interface
Yes
Yes
Partnership program
Yes
No
3Commas vs Cryp>3Commas vs Cryptohopper: Features
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3Commas offers mostly automatic trading bots and offers a range of trading tools.
Smart Trading Terminal: Smart Trading feature is used for optimizing trading processes using different features, like the take profit and stop-loss order feature, take profit and stop-loss trailing order feature, sell-by multiple targets, trade signals from TradingView, etc.
Automated Trading: Automated trading feature includes tools like a simple bot that runs on a single pair, a composite bot for multiple trading pairs, etc.
Portfolio Management: An analytic and management console for your investments.
Cryptohopper platform’s feature list includes:
Automatic Trading: Automated tracking and trading of up to 75 coins simultaneously; you can set up an operable trading strategy in five minutes.
Strategy Designer: Customization of a trading strategy using a wide collection of indicators and candle patterns.
Paper trading/Backtesting: Paper trading lets you check the effectiveness of your customized trading strategies without using real money.
Risk management: Limiting losses by trailing stop-loss, trailing stop-buy, and trailing stop-short features.
Marketplace: The option to integrate third-party signal providers into the platform (“mirror trading”), and other advanced features.
Trading Bots/Tools: It offers two types of trading bots, the arbitrage and market makers bots.
We have noticed that 3Commas is more flexible and can facilitate more complex trading strategies than Cryptohopper.
Security of 3Co>Security of 3Commas and Cryptohopper
matic trading bots use API (application programming interface) so they can communicate and convey relevant information to a crypto exchange.
Automated trading bots have the authorization to execute trades automatically, but have neither access to the deposited funds nor the ability to withdraw or transfer fiat or cryptocurrencies, which makes them perfectly safe to use.
An additional plus is the fact Cryptohopper offers insurance protection for all user accounts.
Ease of Use
Ease of Usese is a major asset of any crypto trading bot. Newly arriving users are often inexperienced in technical trading concepts and they appreciate a mild and short learning curve.
In this domain, 3Commas is a clear winner. It is probably the most user-friendly automated trading platform developed so far. Beginners can enjoy a set of useful training materials, allowing them to master the necessary skills in a short period.
On the other hand, Cryptohopper seriously lacks documentation and training support. The difference here is so profound that it may be one of the decisive arguments for beginners to opt for 3Commas, regardless of other qualities of both automated trading tools.
UI/UX
<>UI/UXutomated trading platform is the result of systemic efforts of its developers to deliver tools and features that are easily customizable, allowing users to design, connect, and change their trading strategy.
An easily understandable and intuitive user interface guarantees a fast-track approach to 3Commas’ Smart Trading features.
Conversely, Cryptohopper’s user interface is less intuitive than 3Commas’. Its dashboard is a bit too demanding, which can be overwhelming for novices.
The good thing is that there are many useful tutorials on how to use each of the bots, created by the developers or by different YouTubers and bloggers.
Here, we see 3Commas as the winner in terms of user-friendliness.
Pricing
>Pricingryptohopper offers four subscription plans, including a time-limited free account package.
The pricing tiers rise significantly higher and higher, but before subscribing, a user can test out the platform during a 7-day trial period, without even submitting the payment information.
Pioneer (7-day free) plan:
Access to strategy builder
Portfolio management
130+ indicators and candlesticks
Strategy backtesting
Manual trading only
Explorer (19$ per month) plan:
80 positions
Max 15 selected coins
Max 2 triggers
TA with 10 min interval
1 Simulated Trading Bot
Adventurer (49$ per month) plan:
200 positions
Max 50 selected coins
Max 5 triggers
TA with 5 min interval
1 Simulated Trading Bot
Exchange arbitrage
Hero (99$ per month) plan:
500 positions
Max 75 selected coins
Max 10 triggers
TA with 2 min interval
All coins for signals
Market Arbitrage
Market-Making
1 Simulated Trading Bot
3Commas is free to try out for three days, after which you have to decide which package you will purchase. There are three available packages – Starter package, Advanced, and Pro.
Starter Plan (29$ per month):
Trading platform and free educational materials
Access to general and altcoin signals from TradingView
Simultaneous orders like take profit, stop loss, etc.
Active SmartTrade
Unlimited scalper terminal
One grid bot
One options bot
One DCA Bot
Paper trading to review the 3Commas bot and its features safely
Unlimited scalper terminal
Unlimited smart trades
Advanced Plan (49$ per month):
All the features of the starter plan
Unlimited DCA bots
Pro Plan (99$ per month):
All the features of the Starter plan
All the features of the Advanced plan
Unlimited grid bots
Unlimited options bots
Composite bots & strategies
Bitmex and ByBit bots
The nuances decide which bot offers more for less. The pricing of the plans is similar, but we might say the financial burden for non-professional traders is a bit lighter with Cryptohopper.
Crypto Exchange>Crypto Exchanges Supported
peris currently compatible with 13 exchanges, and 3Commas – with 20:
Cryptohopper
HitBTC
OKEX
BitPanda Pro
KuCoin
Bitvavo
Binance
Binance US
Coinbase Pro
Bittrex
Poloniex
Bitfinex
Huobi
Kraken
3Commas
Binance
Binance Futures
Binance TR
Binance US
Bitfinex
Bitstamp
Bittrex
Bybit
Coinbase Pro (GDAX)
Crypto.com
Gate.io
Gemini
Huobi Global
KuCoin
OKX
BitMEX
Bybit
Deribit
Gate.io
OKX Futures
Note: not every exchange supports all 3Commas’ features.
Cryptohopper vs>Cryptohopper vs 3Commas: Verdict
lyzing different features and options in Cryptohopper vs. 3Commas comparison, we are quite satisfied with their abilities to help with the implementation of your own trading strategies.
Having a trading bot exclusive for crypto trading is an important factor for being profitable in harsh and volatile market conditions, especially in the environment of handling actions on multiple exchanges.
Which one you will opt for depends mostly on your level of expertise and Cryptohopper might have an edge there, although a very discrete one.
Smart contract developer, crypto-investor, and entrepreneur with over 7 years of experience in blockchain development and ICO development from conception to execution.
