While finding automated cryptocurrency bots, you may have stumbled upon the name of 3Commas. But more recently, you might have noticed how Pionex is making its presence known in the trading segment as well.
To help you determine how these options compare to one another, here is a comparison of 3Commas vs Pionex.
💡 Reputation
When it comes to automated cryptocurrency trading, 3Commas name stands tall with its popularity within the segment. Over the past few years, the crypto bot has made its presence known to new and seasoned traders alike.
With an extensive range of features and an expansive list of supported exchanges, 3Commas also earns this positive reputation for all the right reasons. When combined with the platform’s credibility, these features make it one of the most sought-after automated trading solutions that are currently available in the market.
On the other hand, Pionex is a cryptocurrency exchange that offers its own automated cryptocurrency trading bots within the platform. This hybrid service makes it different from conventional digital asset exchanges. At the same time, it also sets it apart from traditional automated trading bots.
With that being said, Pionex does have a positive reputation as a cryptocurrency exchange, which adds to its status as a reliable entity. This makes its value-added service of built-in crypto bots a noticeable addition to its roster of solutions.
⌛ Time in Business
3Commas was established in 2017. Since it was founded, the platform has achieved great heights of success across multiple segments of the cryptocurrency industry. Due to its advanced functionalities, it is known as one of the primary choices of seasoned traders who operate in the crypto industry. Simultaneously, its easy-to-use interface makes it a favorite of new traders.
The amount of time that 3Commas has spent in the industry also adds to its reputation and earns it quite the attention from all types of traders. Over the years, 3Commas has also been able to add new features to its offering, which enhances its overall value proposition.
Now to compare 3Commas vs Pionex in regard to these factors: Founded in 2019, Pionex has also spent noticeable time in the cryptocurrency space. But as mentioned above, it started offering its operations as a cryptocurrency exchange instead of an automated trading bot. However, this doesn’t diminish the fact that it holds a positive stature in digital asset trading due to its overall services.
This also earns Pionex a customer base that might not be as extensive as 3Commas, but still holds its own against many other crypto bot solutions. With that being said, due to the way the platform is modeled, customers need to open an exchange account before they can use the associated automated cryptocurrency trading services.
💰 Packages and Prices
Both 3Commas and Pionex offer different packages and prices. But a side-by-side comparison for them is like comparing apples and oranges.
It is because 3Commas’ pricing structure is put together as an automated cryptocurrency trading bot, while Pionex’s price offerings are modeled as a crypto exchange.
But you can still determine the difference of charges in both of these services.
3Commas Packages
3Commas offers multiple packages to its users, which allows people with different budgets and requirements to find an option that fulfills their needs perfectly.
These packages comprise a total of 4 options.
- Free. No-cost plan with very basic features and no paper trading.
- Starter. $29/month with starting-level features as well as paper trading.
- Advanced. $49/month with all of the Starter plan’s features, as well as unlimited DCA bots.
- Pro. $99/month with all of the Advanced plan’s features, as well as unlimited GRID and Options bots.
If you sign up for annual payments, these monthly prices are slashed to half their cost. This means that the $29/month offering becomes available at $14.5/month, with this discount mechanism also applying to the remaining packages.
Pionex Packages
When comparing 3Commas vs Pionex, the latter blows its competition out of the water by offering built-in automated cryptocurrency trading free of cost. But there’s a stipulation: you can only use these in-house trading bots once you have opened an exchange account with Pionex.
This means that if you have your cryptocurrency account in another exchange, you cannot use Pionex’s trading bot services at the said platform. In order to be able to benefit from these solutions, you need to sign up for Pionex and deposit whatever funds you want to trade with into your Pionex account.
From there, you can launch your free crypto trading bots that are powered by Pionex and delivered as built-in solutions by the cryptocurrency exchange.
This, of course, requires you to pay certain Pionex trading fees and withdrawal fees. But when you understand that you have to make up for these charges with any other exchange that you use with 3Commas, these offerings by Pionex outline their budget-friendliness.
⚙️ Strategies
Both 3Commas and Pionex offer a variety of features that let you craft your own strategies for cryptocurrency trading. In order to determine which set of these perks might be more suitable for you, you can get an overview of these offerings and compare the offerings of 3Commas vs Pionex.
3Commas
3Commas offers various trading bots and features for its users, which make sure that you are able to trade according to your style, preference, and market conditions. In addition to functionalities such as paper trading, these options lead you to craft strategies that range from day trading to trend trading.
Some of 3Commas’ most sought after features include but are not limited to the following.
DCA Bots
These bots are able to buy your specified cryptocurrencies at the most suitable time according to your set instructions.
Options Bots
These bots have more intricate trading options that are suitable for advanced traders and give you the ability to generate more profits.
Crypto-Signals
These services allow you to integrate features and signals into your bot. This lets you make quick and timely trading decisions without human error.
TradingView
This integration enables you to use industry-renowned indicators across your trading strategies, which gives you a high potential for success.
Smart Trade
This exclusive feature gives you a quick terminal interface to pair TradingView indicators with your trading activities.
There are many more options available in 3Commas that allow you to have ample customization over your trading strategies. You can browse through them by signing up for the platform using the free plan, which gives you access to many major features except for paper trading.
Pionex
Through this comparison of 3Commas vs Pionex, you would have understood the basic difference between both offerings. While Pionex’s trading bots are different from conventional bots, they still provide you with various features that give you the ability to develop your trading strategies.
To make its offerings easy to use, Pionex segments them across 16 built-in trading bots. This includes but is not limited to the following options.
Grid Bot
This bot lets you execute a series of buy and sell orders within your given price range. This allows you to perform your trades above and below your outlined price.
Rebalancing Bot
This bot enables you to rebalance your portfolio. In Pionex, this action takes place every 5 minutes. This lets you hold your chosen cryptocurrencies in a balanced manner while being mindful of market conditions.
DCA Bot
This bot lets you buy and sell your chosen cryptocurrencies at regular intervals within a set timeframe. This allows you to maintain your investments in volatile markets.
Martingale Bot
The Martingale bot uses the popular Martingale strategy and continues to purchase specified cryptocurrencies after every price drop. This allows you to accumulate cryptocurrencies that have a chance of increasing in value.
There are many other strategies that you can execute through Pionex’s trading bots. But in order to have a firsthand experience of them, you need to open an account at Pionex.
👌 Exchanges Supported
This is where comparing 3Commas vs Pionex creates an imbalance again. It is because as a cryptocurrency trading bot, 3Commas operates as a standalone solution that could work with 15+ crypto exchanges. But being an exchange-native value added service, Pionex’s trading bots can only work with Pionex itself.
👨💻 Customer Service
3Commas’ customer service is one of the best in its field, with users being able to reach out to its team through a live chat option. Customers can also use an internal complaint management system or reach out to the 3Commas team by one of the multiple email addresses that are dedicated to departments such as support, sales, and legal.
3Commas also offers a detailed Academy section on its website that lets new cryptocurrency traders learn about the nitty-gritty of cryptocurrency trading. It also holds a Knowledge Base that lets you obtain information regarding the platform’s specific services. The 3Commas team is also available through social media and a Telegram channel as well, which adds to the platform’s overall dependability.
Pionex also offers a live chat option on its website. This lets you connect with Pionex’s representatives in real-time in order to resolve your concerns, outline your inquiries, and seek answers to your questions. Once you are a registered user at Pionex with your own account, you can use the exchange’s internal complaint management system as well.
Pionex has a slew of social media accounts that includes Telegram and Discord. This makes it easy for you to reach out to the exchange team as well as the associated community with the utmost ease. Pionex also offers a Knowledge Base on its website, even though many of its help articles leave a lot to be desired in terms of a fulfilling learning experience.
With that being said, both 3Commas and Pionex have an equally firm footing in terms of their customer service. This allows you to choose between either of the platforms without worrying about a significant difference in service quality.
📢 Overall Experience
The overall experience between 3Commas vs Pionex depends upon the biggest difference between them, which is how both of these solutions operate on a general scale.
While Pionex gives you automated trading bots without any extra cost, it binds you to the native exchange and limits you from using your other existing exchange accounts. This creates an issue for advanced cryptocurrency traders who have an existing portfolio on more renowned exchanges, as well as beginner traders who are looking to start a relationship with a highly popular exchange.
The other difference comes in the form of how 3Commas offers a solution that is solely focused on making automated trading more enriched with features such as a dedicated terminal and TradingView indicators. Whereas, Pionex treats its trading bots as a value-added service that does have some extensive features, but which are not as advanced as 3Commas.
This means that if you are not already a customer of Pionex, you might want to explore what 3Commas has to offer through its free account. This is even easier to do if you already hold an account at one of the popular exchanges that are supported by 3Commas. But if you would like to move forward with a solution that is easier to set up and more affordable to obtain, you might do well with Pionex.
Eventually, the choice is completely dependent upon your comfort and your overall preference for cryptocurrency exchanges. As long as you take your time in analyzing the pros and cons of both services in the light of the above information, you can make an informed decision.