There are many crypto trading bots available all over the niche to help investors trade the best way possible. A crypto trading bot is basically a software program designed to automate the buying and selling of cryptocurrencies on exchanges. And hence, it becomes important to choose the best crypto trading bot for your investment.
When we talk about the best crypto trading bot that’s available in the market, two names take the front seat. 3Commas and Cryptohopper are two of the best crypto trading bots available on the market, consistently catering to their users’ needs. But which one deserves more appreciation? In this article, we’ll do a comparative analysis of both trading bots and see which one is more suitable for our trading needs.
Let’s begin!
What is 3Commas?
One of the best crypto trading bots, 3Commas is an automated crypto trading bot for cryptocurrencies, founded in 2017 by Yuriy Sorokin, Egor Razumovsky, and Mikhail Goryunov. Headquartered in Tallinn, Estonia, 3Commas is renowned for its ability to manage trades and portfolios across a wide range of digital exchanges. With more than 220,000 active monthly users globally and over 18 exchanges, it has established itself as a leading player in the crypto trading space.
What is Cryptohopper?
CryptoHopper was launched in September 2017 by Rudd Feltkamp. This trading bot is designed to help traders capitalize on opportunities in the cryptocurrency market. It offers automation features through a mobile app, allowing users to manage their trades on the go. Further, CryptoHopper provides investment analysis and automates trading strategies. It also supports a feature known as copy trading, where users can replicate the strategies of successful traders.
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3commas Vs Cryptohopper: Which One Fits Your Needs Better?
When it comes to trading cryptocurrencies, automated trading bots like 3Commas and CryptoHopper are popular tools for both beginners and experienced traders. These platforms offer different features and benefits, making it essential to understand their distinctions before choosing one and deciding which is the best trading bot as per your needs.
Here’s a detailed comparison of 3Commas and CryptoHopper to help you make an informed decision.
| Features | CryptoHopper | 3Commas |
| Pricing | – Offers various pricing plans based on features and support level. – Plans range from basic to advanced. | – Provides several subscription options with different access levels. – Pricing caters to both beginners and professional traders. |
| Reliability | – Generally reliable but may experience occasional glitches and bugs that can affect trading performance. | – Known for its reliability. – Has been operational since 2017 with positive reviews for stable performance and user satisfaction. |
| Supported Exchanges | – Supports 11 major exchanges including KuCoin, Kraken, Coinbase Pro, Binance, and Bittrex. | – Supports a wide range of exchanges including Binance, Bitfinex, BitMEX, Bitstamp, Bittrex, Coinbase Pro, and others. |
| Trading Strategies | – Offers pre-built trading strategies that users can implement along with customization. | – Provides various strategies such as Simple Trading Bot, Composite Trading Bot, Smart Trade, Copy Trading, and Grid Trading. |
| Privacy & Security | – Prioritizes user security. – Does not store user tokens, reducing the risk of fund compromise. – Adheres to strict data protection laws. | – Committed to security. – Uses two-factor authentication (2FA) and encrypts API keys and passwords to protect user accounts and data. |
| Support | – Offers great customer support via a help center, FAQ section, and support ticket system. | – Provides support through a chatbot, email, FAQ section, and guides. and a Telegram channel. |
Conclusion
With a rating of 9/10, 3Commas stands out for its reliability and extensive features, including superior security and a broader range of supported exchanges. While CryptoHopper, rated 7.4/10, offers diverse features and exchange options, 3Commas is generally the recommended choice for a more dependable and versatile trading bot making it the best trading bot for your needs.
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Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.
