3Commas vs Cryptohopper: A Comprehensive Comparison of Two Most Popular Trading Bots

Overview

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 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 Trading Bot – Overview

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 table

3Commas vs Cryptohopper: Features

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 3Commas and Cryptohopper

Both automatic 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 use 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

3Commas automated 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

Cryptohopper 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 Exchanges Supported

Cryptohopper is currently compatible with 13 exchanges, and 3Commas – with 20:

Note: not every exchange supports all 3Commas’ features.

Cryptohopper vs 3Commas: Verdict

After analyzing 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.