The cryptohopper vs 3commas comparison is long overdue since our last cryptohoppers review. As crypto continues to explode in popularity, more and more people are seeking ways to gain an edge with trading. Today we are going to take a look at two of the most popular crypto trading robots and see which one works best based on a number of criteria.
Both cryptohoppers automated crypto investment solution and 3commas bot operate in a similar way; they both allow you to input your settings (including when you want them active) and then trade on your behalf utilizing different strategies, along with access to some of the most popular technical analysis indicators such as moving averages and oscillators.
Cryptohopper
Cryptohopper is a fantastic trading platform with sophisticated trading tools, as well as signaling and backtesting capabilities that professional traders take advantage of on a daily basis.
Read our full Cryptohopper review
The platform was founded in July 2017 and is headquartered in Amsterdam, Netherland. Started by two brothers, Ruud Feltkamp, a successful day trader, and Pim Feltkamp, a web developer. The platform has a registered user base of over 229,000 users.
It is a fee-based platform specializing in automated bot trading, advanced trading signals, exchange arbitrage, mirror trading, strategy designer, backtesting, and many more.
How it works:
On selected exchanges, Cryptohopper will enable its customers to use a variety of semi-automated trading platforms. The Cryptohopper bot will trade automatically on client accounts with the user’s configuration completed.
The Cryptohopper platform provides a variety of tools to assist traders in the trading process. The program also includes trading signals that may help you decide whether or not you want to enter a trade. In addition to automated trading, Cryptohopper offers social trading capabilities so that traders can collaborate and profit.
Features:
- Automatic trading: You can automate your trading of your favorite cryptocurrencies and participate in automated trades. Develop a trading strategy and let the bot handle the rest.
- Crypto signals: The bot also allows you to automate your trading by copying signals sent to you by third-party technical analysts (signalers)
- Risk-minimizing features: Constant automatic price trailing, trailing stop-shorts, trailing stop-buys, stop-losses and sell with profit options prevent you from losing everything you have.
- Trading bot templates: You can save and load your own templates to quickly set up and alter trading bots.
- Technical analysis: The platform works with over 100 cryptocurrency pairs and features a chatbot that provides dozens of volatility, trend, and volume indicators as well as technical analysis tools to assist you in determining your ideal trading approach.
- Backtesting: Analytics allows you to review data from the past, which might assist you in fine-tuning your trading strategy for maximum profit.
Supported exchanges:
Clients of CryptoHopper may use a cloud-based platform that may manage several crypto positions on ten major cryptocurrency exchanges with more constantly being added.
- OKEX
- KuCoin
- Bitvavo
- Binance
- Binance US
- Coinbase Pro
- Bittrex
- Poloniex
- Kraken
- Bitfinex
- Huobi
According to the company’s website, it supports 75 different tokens. Clients will not have any issues finding a token pair to trade because of this.
Is Cryptohopper safe?
The bots’ primary connection is via an API. They are simple to use by anybody and allow for quick trading of cryptos since there is little or no barrier to entry.
Cryptohopper is a crypto trading bot that has been designed with user safety in mind. The platform provides its users with the tools and features needed for safe and profitable trading, including risk-minimizing features such as constant automatic price trailing, trailing stop-shorts, trailing stop-buys, stop-losses, and sell with profit options.
The cryptohopper team provides regular updates for its bot to ensure that it is always operating on the latest version, which further enhances user safety.
There have been no reported data breaches at Cryptohopper, and the platform follows industry standards to keep your information safe.
Cryptohopper Price:
Pioneer Plan: Free Trial for 7 Days
- 20 positions
- Portfolio management
- Manual trading
Explorer: Starter package ($19 Per Month / 7 day free trial)
- 80 positions
- Max 15 selected coins
- Max 2 triggers
- TA with 10 min interval
- 1 Simulated Trading Bot
Adventure: Trader Plus Package ($49 Per Month)
- 200 positions
- Max 50 selected coins
- Max 5 triggers
- TA with 5 min interval
- 1 Simulated Trading Bot
- Exchange arbitrage
- Hero: Pro Trader Package ($99 Per Month)
- 500 positions
- Max 75 selected coins
- Max 10 triggers
- TA with 2 min interval
- All coins for signals
- Market Arbitrage
- Market-Making
- Algorithm intelligence
- 1 Simulated Trading Bot
Crypthopper offers a variety of plans based on your trading needs. They also offer a free trial so you can get a feel for the platform before you commit.
3Commas
3Commas is a Vancouver, Canada headquartered platform founded in 2017 by Yuriy Sorokin and has a registered user base of over 220,000 users.
The platform is known for its smart trading terminal and range of auto trading bots that includes simple automated trading tools for executing simple trading strategies. The platform is built to meet the unique trading requirement of every type of trader including the beginners.
Features:
- Broad range of bots – 3Commas is cloud-based platform with support for short, simple, composite, and composite short bots. It also allows setting stop loss and take profit targets, as well as customization of youw own trading strategies.
- Performancy and analytics tools – This automated trading bot offers a wide range of trading tools and in addition to the automated bots and performance analytics, you can also create and auto-balance your portfolios, track their performance but also “spy” on other users via social trading features.
- Social trading – 3Commas users are able to create, analyze and back-test crypto portfolios and track the best performing portfolios of other users. Users can also engage in social trading and follow and copy the actions of other successful traders.
- Exchange Integration – The 3Commas team provide automatic trading bots for 23 exchanges including the leading platforms like Bittrex, Bitfinex, Binance, Bitstamp, KuCoin, Poloniex, HitBTC, Cex, GDAX (Coinbase Pro), OKEx, Huobi and Yobit.
Supported exchanges:
- Binance
- Binance Jersey
- Binance US
- BitMex
- Bittrex
- Bybit
- Coinbase Pro
- Huobi
- OKEX
Is 3Commas safe?
3Commas is secure. There have been no data breaches at 3Commas. To keep individuals’ information private, it follows industry norms.
3Commas Price:
3Commas is also free to try out for 3 days and then you have to decide if you go for a paid subscription and which package is to your liking. All three packages offer discounts if you buy the license for longer time periods – 6 months or 12 months.
Starter package: $29 a month (paid monthly)*, and includes:
- Smart Trading terminal
- No limits for trading
- Errors and cancellations notifications
Advanced: $49 a month
- Smart Trading terminal
- No limits for trading
- Simple bots
- Personal signals TradingView
Pro: $99 a month
- Smart Trading terminal
- Simple, Composite bots and Bitmex bots
- Personal signals TradingView
- Full portfolio management
What is the best automated trading software? – Who wins?
It is fair to say that both Cryptohopper and 3commas are great in their own regard.
3Commas is ideal for customers who want to use a fully automated trading platform that trades according to client-defined parameters. Both provide marketplaces where you may buy pre-built bots or trading signals, and both support a broad range of major crypto exchanges.
It’s impossible to determine which platform is superior in an objective sense. Both Cryptohopper and 3commas provide customers a variety of automated solutions to pick from, making trading cryptocurrency considerably easier.
The difference between the two of these cryptocurrency trading bots is minimal, if any. To determine which one is superior would necessitate more detail on each individual trade and trader profile.
We suggest that you give both free trials a try to determine which one best suits your needs.
