3Commas vs Cryptohopper: Which Trading bot is Better [2024]?

Cryptocurrency trading bots have become a popular tool for traders who want to automate their trading strategies and maximize their profits. Two of the most popular trading bots in the market are “3Commas and Cryptohopper“. But which one is the best for you?

In this article, we will compare 3Commas vs Cryptohopper in terms of features, ease of use, pricing, automated trading bots, and more to help you decide which one to choose.

3Comms vs Cryptohopper: Which Should You Choose (Winner)?

• Cryptohopper supports more crypto exchanges. It can connect with more than 20 crypto exchanges, such as Binance, Coinbase Pro, Bitfinex, and Kraken whereas 3Commas can work with only 16 trading platforms.
• 3Commas is more affordable compared to cryptohopper ($15/month vs $16/month)
• Cryptohopper offers more pre-built trading strategies than 3commas and has better marketplace for social trading.

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3Commas and Cryptohopper Overview

3Commas is a web-based cryptocurrency trading bot that allows users to automate their trading strategies across multiple cryptocurrency exchanges.

It offers various features such as a smart trading terminal, smart trade, trailing take profit, and more. It supports over 16 cryptocurrency exchanges and provides access to over 12 trading bots.

Cryptohopper is a best crypto trading bot that uses AI and machine learning. It connects to different crypto exchanges and executes trades based on predefined strategies.

Features include customizable templates, backtesting tools, portfolio management, and a marketplace for trading strategies. Users can set up alerts, stop-loss orders, and trailing stops to manage trades.

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Comparison between 3Commas and Cryptohopper

Feature	3Commas	Cryptohopper
Supported Exchanges	16	20+
Trading Bots	✓	✓
Paper Trading	✓	✓
TradingView Integration	✓
Trading Pairs	150+	120+
Backtesting	✓	✓
Copy Trading		✓
Mobile App	✓	✓
Security	2FA, API keys	2FA, API keys
Customer Support	24/7 live chat, email, phone	24/7 email, live chat
Pricing	Starts at $15/month	Starts at $16/month
Free Trial	✓	✓
Trading Signals	✓	✓
Arbitrage Trading		✓
Social Trading		✓
Review	3Commas Review	Cryptohopper Review

3Commas vs Cryptohopper: Key Differences and Similarities

Now that we have a basic understanding of what 3Commas and Cryptohopper are, let’s dive into the comparison of their features and functionality.

If your are beginner, you can also read our full guide on what are trading bots and how they work.

3Commas and Cryptohopper: User Interface

3Commas offers a simple and user-friendly interface that is easy to navigate, making it suitable for both novice and experienced traders. It provides a wide range of features that are easy to access and understand.

On the other hand, Cryptohopper’s interface can be overwhelming for beginners, as it provides a lot of options and features that can be difficult to navigate. But, if you have some experience with crypto trading, it is worth considering.

Winner: 3Commas has a more user-friendly interface than Cryptohopper.

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3Commas vs Cryptohopper: Supported Exchanges

3Commas bot supports over 16 cryptocurrency exchanges, including Binance, BitMEX, and Coinbase Pro, while Cryptohopper supports over 20 crypto exchanges, including Kucoin, Bitfinex, and Kraken. Both trading bots provide access to a wide range of trading pairs across these exchanges.

The Top Supported crypto exchanges are:

1. Binance Exchange
2. Bybit Exchange
3. Kucoin
4. Bitfinex
5. Coinbase Pro
6. Kraken
7. Crypto.com

Winner: Cryptohopper supports more crypto exchanges than 3Commas.

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3commas vs Cryptohopper: Types of Trading Bots

3Commas offers access to over 12 trading bots, including crypto Grid bot, Composite bot, and Bitmex bot, while Cryptohopper bot provides access to over 130 trading strategies, including Market Maker, Shorting, and Triggers.

Some of the popular crypto trading bots are:

1. Grid Bots
2. Market-Making bots
3. Social Trading bots
4. Options bot
5. Dollar cost Averaging bot (DCA)
6. Reversal bots
7. Crypto Arbitrage bots

Winner: 3Commas is suitable for beginners offering popular trading bots, while cryptohopper is suitable for advanced traders with technical knowledge.

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3Commas and Cryptohopper: Pricing

Both 3Commas and Cryptohopper offer multiple pricing plans with various features and capabilities. However, there are some differences in the plans and their pricing structures.

3Commas pricing plans: Free, Light, Advanced, and Pro.

1. The Free plan is perpetual and includes one Grid bot, one DCA bot, one Smart bot, one HODL bot, one Option bot, and one Active SmartTrade.
2. The Light plan costs $15/month (billed annually) and includes unlimited Scalper Terminal and paper trading.
3. The Advanced plan costs $37/month (billed annually) and includes everything in the Light plan, plus more features like multiple exchanges, more bots, and more SmartTrade.
4. The Pro plan costs $74/month (billed annually) and includes everything in the Advanced plan, plus even more advanced features like Futures bots and Market-Making.

Cryptohopper pricing plans: Pioneer, Explorer, Adventurer, and Hero.

1. The Pioneer plan is free and includes unlimited Copy Bots, 20 open positions per exchange, and free manual trading on all exchanges.
2. The Explorer plan costs $16.58/month (billed annually) and includes everything in the Pioneer plan, plus more features like 80 open positions per exchange, backtesting, and trading signals.
3. The Adventurer plan costs $41.58/month (billed annually) and includes everything in the Explorer plan, plus more features like 200 open positions per exchange and advanced event-based triggers.
4. The Hero plan costs $83.25/month (billed annually) and includes everything in the Adventurer plan, plus more advanced features like A.I. strategies and extra technical indicators.

Winner: 3Commas is more affordable than Cryptohopper.

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3Commas vs Cryptohopper: Security

Both platforms use API keys to connect to your exchange accounts and do not store your funds or passwords. However, you should always use secure passwords and enable 2-factor authentication on your accounts for extra protection.

Both platforms encrypt your data and use SSL certificates to ensure secure communication. However, Cryptohopper also conducts regular audits and has world-class security and protection measures. 3Commas only lists its official URLs as its security policy.

They comply with the relevant laws and regulations regarding data collection, storage, and analysis. However, 3Commas states that it may share your personal data with third parties for advertising or other purposes. Cryptohopper does not mention any such practice on its website.

3Commas vs Cryptohopper: Customer Support

3Commas provides 24/7 customer support through live chat, email, and phone, while Cryptohopper provides support through email and Discord.

Both trading bots offer customer support, but 3Commas provides more options for users to get in touch with their support team.

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3Commas Trading Bots and Strategies Review

The Grid bot offered by 3Commas is a tool that allows traders to create a grid of buy and sell orders at predetermined intervals.

The bot will automatically execute these orders based on the trader’s specified parameters, such as the size of the grid and the price range.

The DCA bot, on the other hand, is a tool that allows traders to automatically purchase a cryptocurrency at set intervals, regardless of the market price.

This can be useful for investors who believe in the long-term potential of a particular cryptocurrency and want to accumulate it over time. The bot will continue to make purchases at set intervals until the trader cancels the order.

In addition to these bots, 3Commas offers various trading strategies. For example, the shorting strategy allows traders to profit from falling prices by selling borrowed assets at a high price and buying them back at a lower price.

The smart trading strategy uses advanced algorithms to analyze market data and make informed trading decisions.

The composite bot allows traders to combine multiple strategies to create a custom trading plan that meets their specific needs.

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Cryptohopper Trading Bots and Strategies Review

The auto trading bots on Cryptohopper use algorithms to analyze market data and make trades based on pre-set rules.

These rules can be based on technical indicators, market trends, or other factors.

There are several different types of trading bots available on Cryptohopper, including market-making bots, trend-following bots, and arbitrage bots.

Market-making bots aim to create liquidity by placing both buy and sell orders on the same asset while trend-following bots aim to buy or sell based on market trends.

Arbitrage bots look for price differences across different exchanges and attempt to profit from the discrepancy.

Cryptohopper also offers a variety of trading strategies that can be used with their bots. These include strategies based on technical indicators like moving averages and Bollinger Bands, as well as strategies based on fundamental analysis like news events and market sentiment.

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Final Thoughts: Which is better?

Both 3Commas and Cryptohopper offer a wide range of features and functionalities that can be useful for traders of all levels.

However, 3Commas stands out in terms of the user interface, affordable pricing with the lucrative free plan, and customer support, while Cryptohopper offers more trading strategies and supports a wider range of exchanges.

In the end, it is important to do your own research and choose the platform that best meets your needs as a trader.

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3Commas vs Cryptohopper: FAQs