When finding a suitable cryptocurrency trading bot, you may have come across the names of 3Commas and TradeSanta. Both of these platforms are highly renowned and popular within the cryptocurrency industry, which makes it difficult for you to choose one at face value.
To help you through these tricky waters, here is a detailed comparison between 3Commas vs TradeSanta.
⌛ Time in Business
Launched in 2017, 3Commas has been operating in the cryptocurrency industry for over half a decade. Over this period, the automated trading bot has added various cryptocurrency exchanges to its list of supported platforms and brought new features to its solution.
At the time of writing, 3Commas offers automated trading bots for a slew of popular cryptocurrency exchanges around the world. The platform is currently available as a web app as well as mobile apps for iOS and Android.
On the other hand, TradeSanta started offering its services in 2018. This marks almost half a decade for the platform in operation. Ever since TradeSanta was brought to the surface, it has been improving its value proposition with a constantly updated set of services.
In 2022, TradeSanta remains compatible with multiple well-known exchanges and also offers a slew of trading features. The platform operates as a web app as well through mobile apps for iOS and Android. This makes it deliver a competitive value proposition that can go head-to-head with various other automated trading bots.
When performing a comparison of 3Commas vs TradeSanta, both of these automated trading platforms stand on par with each other in terms of their time in business. Since they have also made it far in the volatile cryptocurrency industry, they have garnered a distinction among many other competitors.
💡 Reputation
To fresh and experienced traders in the cryptocurrency industry, 3Commas has become synonymous with trading bots. This is mostly due to the platform emerging at the height of the cryptocurrency boom of 2017. But it is also because of how the solution brings highly sought-after features to the table that have stayed relevant and important to cryptocurrency traders.
3Commas gets glowing reviews from cryptocurrency experts and average users alike. This speaks of the consistent quality that the platform has maintained over the years, while also highlighting the service that it offers to its users. Given that 3Commas offers these solutions at competitive prices, the overall value for money also contributes to this phenomenon.
3Commas’ outreach through different platforms has much to add to its overall positive reputation. Since you can access the trading bot through your browser or your mobile devices, while also being able to contact the team and public community through different avenues, it makes 3Commas a reliable and trustworthy solution.
When comparing these two bots, TradeSanta holds its own stellar reputation in the cryptocurrency industry. This stems from the platform’s commitment to offer flexible solutions with a high level of service quality. Its years in cryptocurrency enhance its status in the segment and make it stand out of the crowd.
TradeSanta holds highly positive reviews from a variety of cryptocurrency publications as well as its paid users, which does wonders for its overall status. TradeSanta’s reviews on its mobile apps also play a role in highlighting it as a credible platform. This also makes the platform an appealing offering to many users across a wide variety of trader profiles.
TradeSanta’s presence on multiple social media and communication platforms further enhances its position in the cryptocurrency industry. Since the platform has its own staff as well as its online community available on these channels, it gives its audiences the assurance that they are a part of a larger consortium instead of a niche product.
When you compare both platforms side by side, 3Commas and TradeSanta appear as equals in terms of their reputation. While this makes it tricky for you to choose a single platform, it does provide you with the assurance that regardless of the choice you make, you can make use of a reliable option for your trading needs.
💰 Packages and Prices
When you compare bots, pricing remains one of the most important aspects of your assessment. While you should always refer to the platforms’ own websites for their updated schedule of fees, the following details give you an overview of their pricing at the time of writing.
3Commas Packages
3Commas pricing starts with a free package and offers three paid plans alongside it. These plans are available on a monthly subscription, but you get a discount if you pay for the whole year at once.
Free Plan
This plan comes with the intention for you to try the bot without paying anything upfront. However, it has limited features and does not offer paper trading.
Starter Plan
Pricing: $29 per month / $22 per month on the annual plan
This plan stays true to its name. It offers foundational features and a limited number of bots along with paper trading.
Advanced Plan
Pricing: $49 per month / $37 per month on the annual plan
This is the mid-tier plan that enhances its offerings by including everything from the Starter plan but adding unlimited DCA bots to the mix.
Pro Plan
Pricing: $99 per month / $74 per month on the annual plan
This is the ultimate plan that carries everything offered by the Advanced plan, and also brings unlimited GRID and Options bots to the table.
TradeSanta Packages
TradeSanta offers its pricing in four packages as well. This includes a free plan and three paid plans. You can get these plans on monthly payments. However, going for annual payments gets you a discount.
Free Plan
This is the starting-level, free bot that is simply there for you to acquaint yourself with how the platform and its interface works. It has one trading bot with a trading terminal and no notable features to its name.
Basic Plan
Pricing: $25 per month / $13 per month on the annual plan
In addition to the Free plan’s trading terminal, the basic plan comes with a whopping 49 bots. It also gives you access to all strategies with unlimited pairs, and adds Telegram notifications to its offering.
Advanced Plan
Pricing: $45 per month / $23 per month on the annual plan
The Advanced plan has everything that the Basic plan offers. But it increases the number of bots to 99. You can also make use of order types such as Trailing Take Profit. With it, you can access TradingView Screener signals.
Maximum Plan
Pricing: $70 per month / $23 per month on the annual plan
The Maximum plan comes with all the features of the Advanced plan. With it, it also offers an unlimited number of bots and custom TradingView signals. If you want to participate in futures trading, this plan also offers a futures bot.
TradeSanta takes the cake in terms of offering more features at a lower price. This is especially true if you compare the annual plans offered by both services. If you are operating on a budget, it is easy to lean towards choosing TradeSanta for affordability alone.
⚙️ Strategies
Both 3Commas and TradeSanta offer an extensive mix of strategies and bots to their users. If you are looking to emulate a specific trading style or want to adopt a new automated yet beneficial strategy, it is important to take a detailed look at the offerings by both platforms.
3Commas
3Commas segments its bots by type and also offers different features for its trading terminal. In turn, you can get various features to customize your automated trading according to your preferences.
Some of 3Commas’ most popular features and strategies include the following.
DCA Bots
This bot type enables you to complete your single-asset purchases in multiple fragments instead of doing so all at once. This lets the bot make its trades according to market movements, and according to the conditions that you set beforehand.
Grid Bots
These bots let you trade in a sideways market by letting you use a trailing bot. This gives you the flexibility of maximizing your gains while minimizing losses.
Options Bots
This bot type lets you choose advanced options for your trading activities. To achieve this feat, it automates complex calculations to make beneficial trades according to preset conditions. While it is tricky to understand for new users, it is a popular feature for advanced traders.
Futures Bots
These bots allow you to buy and trade futures contracts, which are sold or purchased at a preset date in the future. These bots work with exchanges that offer futures trading.
Crypto-Signals
These features let you use the assessment of different analysts to shape your trades. These signals use technical analysis for you to understand market conditions at a glance and make profitable decisions and trades in the light of these findings.
TradingView
TradingView is one of the most popular services for traders. By using this integration, 3Commas lets you access highly sought-after indications to plan, refine, and execute your trades.
Smart Trade
This terminal puts automation front and center in order to provide you with an advanced trading approach that does not ask much from you. By using TradingView indicators with your bots, you can use expert analysis to make your trades.
Copy Trading
You can follow the exact trading strategy of other bots that are operating on 3Commas. This allows you to emulate the trading style of bots that have been performing well in the market where you want to trade.
However, 3Commas has much more to offer, with new features and services being added to its platform on an ongoing basis. Keeping this in mind, you should make sure to check 3Commas features through the platform’s own website.
In order to perform 3Commas vs TradeSanta comparison, you can take a look at what TradeSanta offers in terms of its strategies and features.
TradeSanta
TradeSanta has a slew of bots and features that it lets you utilize according to your trading style and comfort. By learning more about these services and strategies, you can ensure to enhance your trading activity as well as the overall benefits that you can obtain from it.
DCA Bots
These bots let you purchase your asset at preset intervals to make sure that you are moving forward with enhancing your portfolio, while also mitigating risks.
Grid Bots
This bot type allows you to make your trades within a specific price range. This bot is trailing, which means that it can adjust itself to market movements.
Futures Bots
These bots let you trade in futures contracts, which are legal instruments that let you sell or purchase assets at a predetermined future date. This bot is compatible with exchanges that offer cryptocurrency futures contracts.
Trading Signals
Using trading signals or strategies such as MACD and RSI allow you to make your trades according to expert approaches. Depending upon market conditions, this can elevate your chances of making a profit.
TradingView
TradingView is one of the most popular trading signals interfaces for traders of all types. When you pair your automated trading platform with TradingView, you can benefit from highly precise signals to execute your trades.
Copy Trading
You can copy the trading strategy of popular bots on the platform through a marketplace. This lets you pick and choose between bots that seem to be profitable in recent market conditions.
TradeSanta also offers a variety of other features and strategies, which also includes ongoing updates to its overall solution. You can also take a look at these solutions by going through the TradeSanta FAQ page.
Both trading bot platforms stand right beside each other in terms of their overall value proposition. This makes them both great options for fresh and seasoned traders alike.
👌 Exchanges Supported
Both 3Commas and TradeSanta support a variety of cryptocurrency exchanges.
3Commas
3Commas supports the following exchanges.
- Binance
- Binance.US
- Binance TR
- Bitfinex
- BitMEX
- Bitstamp
- Bittrex
- Bybit
- Coinbase Pro
- Crypto.com
- Deribit
- Gate.io
- Gemini
- Huobi
- Kraken
- KuCoin
- OKX
TradeSanta
TradeSanta supports the following list of exchanges.
- Binance
- Binance.US
- Coinbase Pro
- OKX
- Huobi
- HitBTC
- Upbit
In terms of supporting cryptocurrency exchanges, 3Commas leaves TradeSanta behind by a large margin. If your primary exchange is supported by 3Commas but not TradeSanta, it makes it easier for you to decide which platforms you should choose.
👨💻 Customer Service
3Commas’ customer service is segmented across multiple sections. This includes the live chat option that is available on the official website as well as the complaint system that is offered to clients. You can also reach out to 3Commas’ team through email.
With it, 3Commas also has a dedicated Academy section that aims to guide you through the learning curve of using an automated trading bot for buying and selling cryptocurrency. The Academy is still a work in progress and only has a couple of videos in it.
Additionally, 3Commas’ team is available through Telegram and Discord, where you can also connect with community members who use 3Commas as well as these platforms.
While comparing 3Commas vs TradeSanta, it is easy to identify that the latter does not have a live chat option on its website, but it does offer help desk support to its clients. The platform offers video tutorials and text bot tutorial options, but its FAQ section leaves a lot to be desired in terms of easy navigation.
But TradeSanta is available on Telegram and Discord, which makes it easy for you to connect with its team as well as other users. This enhances the sense of community that you need especially when you are operating the platform as a fresh trader.
Overall, 3Commas and TradeSanta stand on the same level in terms of offering a satisfying and proactive customer service experience.
📢 Overall Experience
In the 3Commas vs TradeSanta comparison, 3Commas has a slight edge over TradeSanta due to its overall ease of use and a more extensive list of exchanges. But if you do not have a problem with operating your account on an exchange that is already supported by TradeSanta, this might not matter as much.
This is especially true when you look at the pricing, where TradeSanta wins through a highly competitive offering. If you are on a budget, then TradeSanta’s value proposition might appeal to you more.
Since both platforms have free plans, you can create an account to test their overall offering by yourself. This makes it easier for you to choose an automated cryptocurrency trading solution that is the perfect match for you.
💭 Different Solutions Can Make a Difference
As you navigate through the digital asset sector, you want to ensure that you have a compelling experience.
Many individuals notice that they can perform better and have the right returns when they choose the right tools. 3Commas and TradeSanta are a few of the tools that many people turn to in their quest to build wealth through digital assets.
Thankfully, these tools are accessible and straightforward, they provide options for you to try them out and enable you to make progress.