The world of cryptocurrency trading can be complex and challenging. It can be challenging to keep up with market trends, and making profitable trades requires a lot of knowledge and expertise.
Trading bots are designed to automate trading processes, allowing traders to make profitable trades without the need for constant monitoring. 3Commas vs Quadency are two of the most popular trading bots in the market. In this article, we will compare and contrast the two to help you decide which one is the best for you.
Key Takeaway:
- 3commas offers a wider range of trading features, including smart trading bots, automated portfolio management, and a marketplace for trading algorithms. Quadency also offers trading bots, but its focus is more on providing a unified platform for trading across multiple exchanges.
- Both platforms have robust security measures, but 3commas’ security features are more advanced, including two-factor authentication, IP whitelisting, and API encryption.
- 3commas and Quadency both offer affordable pricing plans based on features and trading volume.
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3Commas vs Quadency: The Complete Comparison
| Points | 3Commas | Quadency |
|---|---|---|
| 🚀 Launched Date | 2017 | 2018 |
| 🏢 Headquarters | United States | United States |
| 🧑💼 Active Users | 1 million+ | 100,000+ |
| 💼 Type | Trading bot platform | Trading bot platform |
| 💰 Scam or Legit | Legit | Legit |
| 🎯 Best For | Experienced traders, institutions, and beginners | Traders of all levels, investors, and fund managers |
| 🌍 Operating countries | Global | Global |
| 📈 Supported Exchanges | Over 16 exchanges, including Binance, Huobi, and Coinbase Pro | Over 10 exchanges, including Binance, OKX, and Kucoin |
| 💱 Trading Pairs | Depends on Exchanges | Over 1,000 trading pairs, including BTC/USD, ETH/BTC, and XRP/USD |
| 💳 Fiat currency Supported | USD, EUR, RUB | USD, EUR |
| 🤖 Types of Trading Bots | Grid, DCA, Options, Futures, Smart Trades, Composite Bots | DCA, Automated Trading, Smart Order, Portfolio Management |
| 💰 Payment Method | Credit Card, PayPal, Crypto (BTC, ETH, USDT) | Credit Card, Crypto (BTC, ETH, LTC) |
| 💸 Pricing | Starter ($15/month), Advanced ($49/month), Pro ($99/month) | 0.08% per trade |
| 💰 Extra Trading Fees | No | No |
| 📱 Mobile App | iOS and Android | iOS and Android |
| 📝 Paper Trading (Demo) | Available | Available |
| 🧐 Backtesting with Strategies | Available | Available |
| 📞 Customer Support | 24/7 email and chat support | 24/7 email and chat support |
| 🔍 KYC | Optional | Optional |
| 3Commas Review | Quadency review |
What is 3commas and How does it Work?
3commas is a cryptocurrency trading platform that was founded in 2017 by a group of developers and traders. It is headquartered in Toronto, Canada, and has users in over 170 countries around the world.
It offers a range of pre-built bots that traders can customize to fit their strategies and risk tolerance levels. 3commas provides a range of portfolio management tools, including automated rebalancing and stop-loss orders
According to the company’s website, 3commas has over 1 million registered users and has processed over $60 billion in trading volume. The platform offers a range of subscription plans, with pricing ranging from $15 to $99 per month depending on the features.
What is Quadency and How does it Work?
Quadency is a multi-exchange trading platform that allows traders to manage all of their crypto assets in one place. The platform offers a suite of tools and features, including portfolio tracking, order management, and automated trading bots.
With Quadency, users can connect to over 10 of the most popular cryptocurrency exchanges, including Binance, OKX, and Kucoin. Its automated trading bots allow users to set up custom trading strategies based on a variety of technical indicators and market conditions.
Users can also take advantage of Quadency’s backtesting tools to test their strategies before deploying them in live trading. In addition to its trading tools, It also offers a range of educational resources, including a blog, webinars, and a community forum.
Read: Best Crypto trading bots
3Commas vs Quadency: Types of Trading Bots and Strategies
When it comes to trading bots, both 3Commas and Quadency offer a variety of options to choose from. 3Commas provides users with a range of bots that are designed for different trading strategies, including bots that use technical analysis, bots that follow signals from trading indicators, and bots that use a combination of both.
Quadency, on the other hand, offers a more streamlined selection of bots that are focused on specific trading strategies, such as trend following, mean reversion, and market making. While 3Commas provides users with more flexibility in terms of bot customization, Quadency’s pre-built bots can be a great option for traders who are new to the world of automated trading.
3Commas vs Quadency: Supported Exchanges
When it comes to the number of supported exchanges, 3Commas comes out on top. The platform currently supports over 20 different exchanges, including popular options like Binance, Coinbase Pro, and Bitfinex.
Quadency, on the other hand, supports a smaller number of exchanges, with just over 10 options to choose from. However, Quadency does support liquidity from some decentralized exchanges using its smart order router.
3Commas vs Quadency: Portfolio Management
Both 3Commas and Quadency offer a range of portfolio management tools that can help traders keep track of their investments and make informed trading decisions.
3Commas provides users with a variety of features, including a portfolio rebalancing tool, a SmartTrade terminal that allows users to execute trades from a single interface, and a range of reporting and analysis tools.
Quadency, on the other hand, offers a more comprehensive set of portfolio management tools that includes automated rebalancing, tax reporting, and performance tracking. The platform also provides users with a customizable dashboard that allows them to monitor their portfolio in real-time and make adjustments as needed.
3Commas and Quadency: Pricing and Plans
In terms of pricing, both 3Commas and Quadency offer a range of plans to suit different budgets and trading needs.
3Commas offers three different plans, with prices ranging from $15 to $99 per month. The higher-tier plans come with more advanced features and tools, including access to more trading bots and exchanges.
Quadency does have a subscription plan, instead, it charges based on trading volume and the number of trades. According to its website, it costs around 0.08% per trade, with higher-volume traders paying significantly low.
3Commas vs Quadency: Customer Support
When it comes to customer support, both platforms offer a range of resources to help users navigate the platform and troubleshoot any issues they may encounter.
3Commas provides users with a range of tutorials and guides to help them get started, as well as email and live chat support. The platform also has an active community forum where users can connect with other traders and share insights and strategies.
Quadency offers a comprehensive support center that includes tutorials, guides, and a knowledge base. The platform also provides users with email and live chat support, as well as access to a dedicated account manager for higher-tier plans.
3Commas or Quadency: Mobile App and Ease of Use
Both 3Commas and Quadency offer mobile apps that allow users to manage their portfolios and execute trades.
3Commas’ mobile app is available on both iOS and Android devices, while Quadency’s app is also available on Android and iOS. In terms of ease of use, both platforms offer a user-friendly interface that makes it easy for traders of all experience levels to navigate the platform and access the tools and features they need.
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Pros and Cons of 3Commas
Pros
- User-friendly interface
- Versatile trading bots
- Multiple trading terminals
- Excellent customer support
- Never been hacked (however, API leaks were reported in 2022)
Cons
- Expensive pricing plans
- Limited features on the Starter plan
- Limited exchange support
Pros and Cons of Quadency
Pros
- Free Lite plan
- Versatile trading bots
- Advanced trading features
- Multiple trading terminals
- Good customer support
Cons
- Limited exchange support
- Newer platform with fewer users
- Lees trading strategies than 3commas
Final Thoughts (Which is better)
Both 3Commas and Quadency are excellent trading bots that offer a range of features designed to help traders make profitable trades.
However, 3Commas has more advanced features, a more user-friendly interface, and better trading strategies. Quadency, on the other hand, has a free plan, more versatile trading portfolio management, and easy customization. Ultimately, the best trading bot for you will depend on your trading strategies and budget.
FAQs
Are 3Commas and Quadency good for beginners?
Yes, both 3Commas and Quadency are good for beginners who are new to trading. They both offer intuitive user interfaces, educational resources, and beginner-friendly features such as pre-built trading bots and portfolio management tools. Additionally, both platforms offer customer support via email and live chat, making it easy for new traders to get the help they need if they encounter any issues.
What security measures do 3commas and Quadency have in place to protect users’ funds?
Both 3commas and Quadency have robust security measures in place to protect users’ funds, such as two-factor authentication, API key encryption, and SSL encryption. However, it is always recommended that users take additional security measures, such as using strong passwords and enabling two-factor authentication wherever possible.
