Cryptohopper vs 3Commas Comparison in 2023

Automated cryptocurrency trading has taken the world by storm in recent years. Platforms offering crypto trading bots have proliferated as traders look for an edge in the fast-paced digital asset markets. While many claim to offer the best features, two names stand out as leaders in this space – Cryptohopper and 3Commas. Both provide robust toolkits for automating trades, but which is a better fit depends on your needs and trading style.

This comprehensive comparison analyzes Cryptohopper vs. 3Commas across key criteria like features, price, ease of use, security and more. By the end, you’ll have a clear understanding of these two top crypto trading bot platforms so you can decide which is right for you. But first, let’s start with an overview of what each platform brings to the table.

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Cryptohopper vs 3Commas: Feature comparison table

Let’s take a quick look at how Cryptohopper and 3Commas compare across some key criteria with this handy table:

This overview gives you a sense of the similarities and differences between these two leading crypto bots. Now, let’s delve deeper into what each platform offers.

Who should choose Cryptohopper?

Cryptohopper is a crypto trading bot platform established in 2017. It allows users to create custom automated trading strategies using technical indicators or manually trade enhanced by features like trailing stops. Cryptohopper integrates with over a dozen exchanges so traders can centralize portfolio management.

Key offerings include grid, DCA, and options trading bots, as well as a social feature that lets users copy top-performing trader bots. Cryptohopper touts its beginner friendliness with learning resources like a trading academy. It also has refined mobile apps for on-the-go trading.

Cryptohopper offers a wide range of trading tools and bots:

• Automated trading bots – Grid, DCA, options, arbitrage
• Social trading – Copy professional traders or bots
• Portfolio management – Track and analyze performance
• Arbitrage trading – Leverage price discrepancies across exchanges

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Image source: Cryptohopper

Who should choose 3Commas?

3Commas is another popular crypto trading bot service launched the same year as Cryptohopper in 2017. Some unique features compared to its peer include composite trading bots that allocate funds across multiple exchanges simultaneously.

Its robust Smart Trade interface mimics the functionality of trading platforms with customization like built-in trading views. 3Commas covers more exchanges than Cryptohopper and offers

• Trading bots – Grid, DCA, options
• Copy trading – Follow and replicate successful traders
• Portfolio tracking – Monitor asset performance
• Advanced trading terminal – For manual traders

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Image source: 3Commas

Ease of use

Setting up accounts and getting started with Cryptohopper and 3Commas is very straightforward. Both have web-based, mobile-optimized dashboards with logical layouts.

However, Cryptohopper gets points for its more simplified menus and larger font sizes that make the interface feel a bit tidier and easier to navigate for newbies. Some 3Commas menus dive deeper into technical territory that could confuse less experienced users.

Features

Both trading bots offer core features like portfolio tracking, social copy trading of top trader bots, backtesting and paper trading modes for strategy development, and integration of popular charting tools like TradingView.

A key differentiator is 3Commas’ more extensive support for

The extra coverage by 3Commas could give it an edge depending on users’ preferred exchange to trade on.

Pricing

The free basic plans are similar, but Cryptohopper’s paid tiers are more affordable than 3Commas. Its Explorer plan begins at just $16.58/month versus the 3Commas Light plan, starting near $30 monthly.

But 3Commas does offer bigger discounts for yearly all-inclusive subscriptions that may appeal to frequent, high-volume users. Overall pricing is competitive between the two bots.

Security

In late 2022, 3Commas suffered an API key leak security incident after its systems were compromised. The team worked quickly to address vulnerabilities and educate users on best practices going forward, though.

Prior to that event, both bots were considered very secure since APIs are the only integration point, and neither platform handles actual funds. 2FA login protection is standard across trading bots as well.

Customer support

Both bots provide 24/7 support, though Cryptohopper’s live chat assistance may be preferable to 3Commas, offering email tickets and community forums primarily.

Response speed likely depends on current support loads as well. Overall, the quality of guidance appears strong between the two services based on user reviews.

Which is best for beginners?

When comparing Cryptohopper vs. 3Commas with an emphasis on ease of use, Cryptohopper has the edge as a platform that even entry-level traders can grasp quickly.

Its streamlined menus and educational resources make strategy building more approachable. 3Commas offers more advanced features over time but requires dedication to optimize complex tools right off the bat.

Alternatives worth considering

While Cryptohopper and 3Commas lead the field, other bots are worth reviewing depending on specific needs:

• Bitsgap focuses on arbitrage bots for clever traders.
• Quadency automates strategy testing to refine validity.
• Shrimpy facilitates both active and passive portfolio management.
• Pionex keeps overall costs very low with its free basic plan.

All are capable bots, so research that emphasizes priorities like social features, backtesting rigor, or currency support are the most important differentiating factors.

The bottom line

Both Cryptohopper and 3Commas are proven, trusted platforms offering robust automatized trading options. Both take advantage of the volatility of the best day trading coins to trade and profit. Choosing between them depends mainly on individual trading styles, preferences on features, and technical experience levels.

Cryptohopper presents a cleaner interface, making it more suitable for newcomers to crypto bots. Meanwhile, 3Commas caters strongly to advanced traders with wider exchange connectivity and complex algorithmic bot building. You can’t go wrong test-driving both to see which feels like a better fit.

But ArbitrageScanner retains appeal for its total hands-off, ultra-low-risk approach. ArbitrageScanner tends to offer the best overall value when discounts are factored in.