Crypto trading can be a profitable investment if done right. However, it can also be very stressful and time-consuming. That’s where trading bots come in. These automated programs can help you make better trading decisions and save you a lot of time.
Two of the most popular trading bots on the market today are TradeSanta and 3Commas. In this article, we’ll compare TradeSanta vs 3Commas and help you decide which one is the best for you.
Key Takeaways:
- 3Commas offers more advanced features than TradeSanta like mean reversion strategies, leverage trading, and social trading, making it a more comprehensive solution for experienced traders.
- 3Commas is more budget-friendly than Tradesanta, with Paid plan starting at $15 per month.
- TradeSanta supports 9 digital exchanges, while 3Commas supports 20+ Exchanges, having support for more trading pairs.
TradeSanta vs 3Commas: Comparison (Which Should You Choose)
| Points of Comparison | TradeSanta | 3Commas |
|---|---|---|
| Launched date | 2018 | 2017 |
| Platform Type | Cloud-based | Cloud-based |
| Supported Exchanges | Binance, Binance US, HitBTC, Huobi, OKEx, Bybit, Coinbase Pro, Kraken | BitMEX, Poloniex, Kraken, Bitstamp, CEX.IO, Binance Futures, FTX, Deribit, Coincheck, Bybit USDT, and more |
| Trading Bot Types | Grid, DCA, Technical indicators based | Grid, DCA, Options, Futures, Leveraged Tokens |
| Automated Trading Features | Stop-loss, Take-profit, Trailing Stop, DCA | Stop-loss, Take-profit, Trailing Stop, DCA, Options, Futures |
| Trading Strategies | Pre-set strategies | Pre-set strategies, Custom strategies |
| User-friendly Interface | Yes | Yes |
| Mobile App | Android and iOS | Android and iOS |
| Backtesting | Yes | Yes |
| Paper Trading | No | Yes |
| Social Trading | No | Yes |
| Security | 2FA, API key encryption, Cold Wallets for funds storage | 2FA, API key encryption, Cold Wallets for funds storage |
| Pricing | Free plan with limited features, Paid plans starting from $18/month | Free trial, Paid plans starting from $15/month |
| Customer Support | Email, Chat, FAQs, Help Center | Email, Chat, FAQs, Help Center, Dedicated account manager for higher-tier plans |
| Community & Education | Telegram, Blog, Webinars | Telegram, Blog, Webinars, Academy, Documentation |
| Additional Features | Marketplace for buying/selling strategies, TradingView integration | Marketplace for buying/selling strategies, Smart Trade, Futures Grid Bot, Advanced Order Types |
| TradeSanta Review | 3Commas Review |
TradeSanta Overview
TradeSanta is a user-friendly cryptocurrency trading platform that allows traders to automate their strategies. With its intuitive interface, TradeSanta empowers users to create and customize thein trading bots for popular exchanges.
The platform offers pre-set trading templates and indicators that can be tailored to individual strategies, with parameters such as entry/exit points, stop-loss/take-profit levels, and trading volume.
Backtesting capabilities, real-time monitoring, and performance tracking are also available. TradeSanta prioritizes security with measures like API key encryption and 2FA and offers 24/7 customer support.
Key Features
- It offers automated trading strategies for various cryptocurrencies, including Bitcoin, Ethereum, and more.
- Users can easily set up and customize their trading bots using a user-friendly interface.
- TradeSanta provides multiple trading tools, including a DCA bot, GRID bot, Long and short trading bot, etc.
- It has a user-friendly dashboard that allows users to monitor their trading performance in real-time.
Pros and Cons
| Pros 👍 | Cons 👎 |
|---|---|
| Automated trading | Limited exchange support |
| User-friendly interface | Limited customization options |
| Diverse trading strategies | Monthly subscription fees |
| Real-time monitoring | Potential risks of algorithmic trading |
| Simultaneous multi-exchange trading | |
| Risk management features |
3Commas Overview
3Commas is a web-based trading platform that provides automated trading bots, trading signals, and other tools that allow traders to execute trades on multiple cryptocurrency exchanges.
It was founded in 2017 by a team of experienced traders and software developers. 3Commas has since grown to become one of the most popular trading platforms, with over 250,000 registered users across the world.
Key Features
- Automated trading bots for creating and customizing trading strategies.
- Portfolio management tools for tracking and managing cryptocurrency holdings.
- Trading signals for real-time notifications about potential trading opportunities.
- Social trading for following and copying successful traders.
- Marketplace for trading strategies created by other users.
- Supports multiple popular cryptocurrency exchanges.
- User-friendly interface is suitable for both beginner and experienced traders.
Related: 8 Best Crypto Trading Bots
Pros and Cons
| Pros 👍 | Cons 👎 |
|---|---|
| Automated Trading bots | Subscription Fee |
| Diversified Exchanges | Limited Advanced Features |
| Portfolio Management | Risk of Automated Trading |
| Paper Trading | Learning Curve |
| 20+ built-in strategies including DCA, Momentum, mean reversion, etc. |
TradeSanta vs 3Commas: Similarities and Differences
Types of Trading Bots and Strategies
When it comes to trading bots, both TradeSanta and 3Commas offer a wide range of options to suit different trading styles and strategies.
TradeSanta specializes in grid, composite, and short strategies, while 3Commas offers 20+ strategies like Grid bot, DCA (Dollar-Cost Averaging), and trailing stop strategies.
Both platforms provide users with customizable settings to fine-tune their trading bots according to their preferences and risk tolerance.
Winner: 3Commas offers more strategies and are tested by the community.
Related: 7 Best Crypto Arbitrage Bots
Supported Exchanges
The number of exchanges supported by a trading bot platform can significantly impact the trading opportunities available to users.
TradeSanta currently supports only 9 major exchanges such as Binance, Huobi, OKEx, and HitBTC, among others. On the other hand, 3Commas supports 20+ crypto exchanges, including Binance, Binance US, Bybit, KuCoin, and more.
Winner: 3Commas offers more Exchanges than TradeSanta
Portfolio Management
Managing a portfolio is a critical aspect of successful trading, and both TradeSanta and 3Commas offer portfolio management features to help users keep track of their investments.
TradeSanta provides a simple portfolio tracking tool, while 3Commas offers more advanced portfolio management features, including a portfolio rebalancing tool and performance tracking.
Winner: 3Commas is better than Tradesanta for Portfolio management.
Pricing and Plans
Pricing is an important consideration for traders looking for cost-effective options. TradeSanta offers three pricing plans.
TradeSanta offers a free plan with limited features and paid plans starting from $18/month. 3Commas offers a free plan with some more features, as paid plans start from $15/month with annual payments. TradeSanta’s free plan offers fewer features compared to 3Commas’ free plan, and 3Commas also offers more bots in its paid plans.
Winner: 3Commas for more features in free versions and more affordable.
Customer Support
Effective customer support is crucial for traders who need assistance with technical issues or have questions about the platforms. TradeSanta offers 24/7 customer support through live chat and email, while 3Commas provides similar support channels, along with an extensive knowledge base and community forum. Both platforms strive to provide timely and helpful customer support to their users.
Winner: Tie
Mobile App and Ease of Use
In today’s fast-paced trading environment, having a user-friendly mobile app can be a significant advantage. TradeSanta offers a mobile app for both iOS and Android platforms, which provides a seamless trading experience.
3Commas also offers a mobile app for iOS and Android, which is highly rated for its ease of use and comprehensive features.
Winner: Tie
Security
TradeSanta and 3Commas both prioritize security in their trading bot platforms. Both platforms use industry-standard security measures such as SSL encryption, two-factor authentication (2FA), and API key permissions to protect user accounts and data from unauthorized access.
TradeSanta uses the leading cloud-based infrastructure providers for hosting its platform, which ensures data redundancy and backup, as well as high availability. Additionally, TradeSanta implements strict security protocols and conducts regular security audits to identify and fix any vulnerabilities.
3Commas also has a bug bounty program in place to encourage the community to report any security vulnerabilities for timely resolution.
Winner: Tie – Both TradeSanta and 3Commas prioritize security and have implemented similar security measures to protect user accounts and data.
Which One Should You Choose, TradeSanta or 3Commas?
When deciding between TradeSanta vs 3Commas, it really depends on your trading goals and experience level.
If you are a beginner trader or looking for a simple and easy-to-use trading bot, TradeSanta may be the right choice for you. Its user-friendly interface and pre-built trading strategies make it easy to get started with automated trading.
On the other hand, if you are an experienced trader looking for a more comprehensive platform with advanced features and customization options, 3Commas may be the better option. Its wide range of features, including portfolio management and social trading, make it a popular choice for advanced traders.
Related: How To Choose The Best Crypto Trading Bot
Similar Alternatives and Comparisons
We Recommend: Best Crypto Trading bots
Best Manually Customized Trading bot
- 75+ CEX and DEX cryptocurrency exchanges
- Support over 300,000 crypto coins and 50+ DEX coins supported
- Insider information on where it is profitable to buy and sell tokens
- Free training and cases for clients of service
Proven Success Rate with 1M+ Users
- 16+ Exchange support
- Crypto-signals in Telegram
- Trading view Integration
- DCA, GRID, options, HODL, Smart trading bots
- Marketplace to buy automated trading strategies with success rate
Final Thoughts: Which is better?
Both TradeSanta and 3Commas are popular trading bot platforms that offer a variety of features and strategies for traders.
TradeSanta and 3Commas stand out for their affordability and simplicity, making them a suitable option for beginners or those on a budget.
3Commas offers more advanced features and supports a wider range of exchanges, making it a better choice for experienced traders looking for more comprehensive portfolio management tools.
FAQs
What is a Trading bot?
A trading bot, also known as an automated trading system or algorithmic trading software, is a computer program that executes buy and sell orders in financial markets, including cryptocurrency markets, on behalf of users. These bots are designed to analyze market data, identify trading opportunities, and execute trades without human intervention.
How do trading bots work?
Trading bots work by using predefined algorithms and rules to analyze market data, such as price movements, volume, and other relevant indicators. Based on these analyses, the bot automatically generates buy or sell orders and sends them to the market for execution. Some trading bots also incorporate machine learning techniques to adapt their strategies to changing market conditions.
Can you lose money with crypto trading bots?
Trading bots operate based on predefined rules and algorithms, which may not always accurately predict market movements. As a result, there is a risk of losing money with crypto trading bots, especially during periods of high market volatility or unexpected price fluctuations.
Which crypto bot is most profitable, TradeSanta or 3Commas?
As for which crypto bot is more profitable, it’s difficult to determine as it depends on various factors such as the specific strategies employed by the bot, market conditions, and the user’s risk tolerance. TradeSanta and 3Commas both can be profitable in the bear and bull markets if strategies are employed based on market conditions.
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