Cryptohopper VS 3Commas Bot Comparison

The cryptocurrency world is full of digital assets, platforms, and tools that you can take advantage of to create massive gains. Of course, not all tools are alike and so it is very necessary for you to use the best tools possible.

But what are the best tools?

That will depend on two factors. The first factor will revolve around your goals and overall needs. The second factor will deal with the tools themselves. For instance, in this regard, you want to ask if the tools are fully legitimate, trustworthy, and reliable over the long-term.

The tools are right for you if the tools are able to meet the criterion present above. You must conduct a deeper analysis into these tools and take the right action to move in the right direction.

Let us look into two of these tools and see how they compare to each other. We will start with a simple introduction before we progress further into more specifics on the matter. These two tools that we will look at today are 3Commas and Cryptohopper.

We will conduct an in-depth review of both of these tools to see what will work the best.

The Tool Introduction and Overview

3Commas is a company that is present in Canada while Cryptohopper is in the Netherlands. 3Commas came about in 2017 while Cryptohopper came to the sector in the same year. 3Commas is a tool that supports over 20 exchanges at the time of this writing while Cryptohopper supports over ten exchanges.

Both firms offer a free trial period, 3Commas will offer a trial period for their Pro product while Cryptohopper will provide a seven day trial for their Starter edition.

Yes, they are both cloud-based programs that enable the user to access these programs from anywhere no matter what happens. That means that these products will run all day without issues as long as their relevant cloud oriented management systems are robust. It is necessary to realize that more systems are robust due to the rise of Amazon, Microsoft, and other cloud providers that are rising to continue to run always on operations.

What about currency support? The first one, 3Commas, does have multiple currency support, Cryptohopper does not have it at the present moment.

What about automated speculation? Yes, they both provide this option and it is why many speculators look at this option and even consider them. They want to see if these products can simplify their lives and make it much better.

What about backtesting? Do both of these products come with backtesting? Yes, both of these products do have the backtesting feature that many traders love to use in their strategies to understand what works.

What about social trading? This type of trading is becoming popular as more people look to others to get a leg up on their overall speculation. Indeed, both of these providers do support this type of trading and have options that enable people to participate in the social action.

What about a mobile application? Yes, both of these entities do have a mobile application. That makes sense because they want to make sure they provide the best experience possible. Remember that having a mobile app experience is essential and vital for these companies if they seek to compete in this present era of extreme digitization.

Do they have a Day/Night interface? Yes, they do have such an interface to account for speculation during the night and the day. It is surely necessary to have such an interface during these times where many people are always on the go and may have to trade around the clock to earn an increase in their portfolio.

How about a partnership program? Both 3Commas and Cryptohopper have a partnership program. It is essential to note that while a partnership program is great for additional earnings, it doesn’t necessarily add value to the trader’s experience and functionality in any way.

Reputation

3Commas has become quite popular in the cryptocurrency industry due to its overall functionality, performance, and usability. It is utilized by new and seasoned traders alike, and currently holds a distinct reputation that is trusted by thousands of traders and general followers.

Cryptohopper is also a popular trading bot that trails a little behind 3Commas’ favorability in the industry. With that being said, it has its own following that swears by its solutions and uses it for a variety of daytrading tasks. This particular bot is more popular among seasoned traders.

Both of these bots also receive rave reviews from cryptocurrency experts, with some slightly favoring 3Commas due to its overall ease of use. With that being said, both of these solutions seem to be on par with each other when it comes to offering a modern trading program to traders of all types.


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Time in Business

3Commas was launched in 2017. This doesn’t make it much different than Cryptohopper, which came to the surface in September 2017.

As a result, this particular aspect gives neither of the solutions an edge over the other. If anything, it puts these solutions at a more direct comparison. Since neither of them can hide behind spending a sufficiently longer time in the industry, it makes for a more level ground of comparison.

With that being said, both services have now spent over 3 years in the public eye, which makes them more reliable than many other bots that are currently available to the industry. However, seeing that time in business is not the only deciding factor, this brings us to the next aspect of their overall cost.

Packages/Prices

Both 3Commas and Cryptohopper come with differently packaged price points, which allow you to select an option that fits your budget. This brings more flexibility to the table, whether you are trying to use such a tool for the very first time or if you have utilized trading bots in the past.

Both solutions also come at monthly subscriptions. This once again sets them apart from traditional bots that either come with lifetime licenses or yearly licenses. This monthly subscription model can be tiresome for select traders, which is where 3Commas comes to the rescue.

While Cryptohopper sticks to its monthly charge approach, 3Commas lets its users subscribe to the annual packages for a discount. This particular strategy is quite affordable and convenient for those who want to stick with a single bot for their overall trading activities.

Strategies

Both products come with various custom strategies that make sense for the user depending on their progress and overall actions. For instance, you can find that you can have present strategies and those unique strategies within each application.

Cryptohopper

Cryptohopper comes with instituted trading strategies. That means the program has some dialed-in strategies that users can utilize to gain earnings.

The prefab strategies have a different rating system from people who have used the technique. But remember that if you want to modify these strategies to your specific tastes, you might have some difficulty with this platform.

What do people appreciate about Cryptohopper strategies? There is a marketplace with ratings and general transparency with user ratings. The marketplace comes with a slew of strategies that users can plug and play within their speculation process.

Of course, one of the problems with Cryptohopper is that there are quite a few methods and stratagems that may not provide the best opportunities in creating a genuine return. The idea is that traders do not need the excess, they must have the right and best methods that will do the job of bringing about more capital returns.

3Commas

3Commas enables convenient, simple, and efficient cryptocurrency speculation with a peer-to-peer acquisition or self-made methods and strategies. You can fine-tune and improve your program with the right analytics, continuous tracking, and other compelling features.

What can you find with these 3C strategies? You will find quality and simplicity as you go about the pursuit of earning more value within your portfolio.

What can you find with these 3C strategies? You will find quality and simplicity as you go about the pursuit of earning more value within your portfolio.

Further, the program provides you with a slew of tools to improve and accelerate your methods. Finally, you should know that there are risks in these aspects. They both provide fantastic options.

Exchanges Supported

Both of these products come with fantastic support for significant entities. But a few more individuals prefer 3Commas because it provides several options, more digital assets, and other distinguishing features that make the most sense.

Cryptohopper

This firm provides support for over ten exchanges. The product supports entities like Kraken, KuCoin, and other known entities. It supports a handful of these platforms, but a few people want more.

That is why they turn to 3commas.

3Commas

3Commas provides support for platforms that range from Bitmex to Kraken and even Coinbase Pro. In total, the firm integrates with over 19 entities that are favored by a great majority of the digital asset population.

You can speculate with a wide variety of these entities simply and conveniently.

You should choose these entities based on which one has the best features.

Customer Service

Cryptohopper and 3commas provide support in several formats, but 3commas might offer more support in more ways than one.

Cryptohopper

Users can find comfort in the fact that Cryptohopper will respond to issue submissions as quickly as possible. These Cryptohoppers understand that the firm will be there for them whenever they need help and will provide their best customer support at all times.

These quick and efficient responses matter in more ways than one during the tough and hard cryptocurrency trading days. The firm also provides assistance in more ways than one with their channels, their regular customer support, or even their frequently asked questions section that deals with a wide variety of problems.

They are there for you comprehensively, will provide fantastic responses, and will make sure to quickly resolve issues as they take place so that users are pleasantly happy.

3Commas

All you have to do is to make sure that you are looking at their help center, submitting your request, and waiting for a response. As noted earlier, they have static information in the form of frequently asked questions and other guides that can be of great help.

A few complain that everything might not make as much sense as they wish it would and that a few questions on the FAQ might not be in a logical order. But besides those minor issues, everyone is fine with the 3Commas  support.

Indeed, you will find that the firm has several compelling articles that will resolve many issues. Another fact is that you can take advantage of its overall around the clock support.

Overall, people are generally happy with 3commas because of what it is able to offer.

But more people may prefer Cryptohopper for its more attention to detail.

Overall Experience

Let us quickly run through the best of each of them before we decide on which one may serve users more.

When it comes to pricing, 3Commas takes the cake and wins. The firm has been able to price its products in the best manner possible. This makes it to where it is feasible overall for many different people.

When it comes to general reliability, 3Commas is there for you too. People do not complain about 3commas and overall reliability and sing its overall praises.

From an ease of use standpoint, 3Commas wins again. The firm was able to design the product to where users find it as simple as possible to use to where they do not need as much customer service.

Then from an access to exchange platforms standpoint, 3Commas is in the lead because it works with more compelling and valuable entities.

The firms are equal on profitability and trading methods, but Cryptohopper takes the lead on operating systems and privacy, help, and security.

All other factors are equal. If you want the overall best experience, then 3Commas is the best way to go.