Back in 2018, Michal McCarty and Matthew Wesly launched the Shrimpy crypto bot platform — It has fostered trading strategies and automated digital currency trading since then. The platform enables automated crypto portfolio rebalancing, index fund features, custom bots, and other automation tools. Shrimpy presently collaborates with 16 well-known crypto & Bitcoin exchanges. 

Shrimpy reviews are positive across the board, hence the article reviewing the portfolio management and automation features. Many users credit Shrimpy as being the best among competitors, as it streamlines trading for novice and seasoned traders alike. 

You may consider Shrimpy regardless of whether you’re a novice trader or experienced trader. However, based on multiple Shrimpy reviews, the platform fits more experienced traders, as relatively high subscription fees repel newbies. The App building feature, custom strategies, and social trading programs hint at seasoned users being the preferred audience on Shrimpy. 

Shrimpy Trading Bot: How Does The Bot Work? 

Traders frequently search for a Shrimpy app review because the bot is doing a great job automating trading. The tool is well-known for its automatic portfolio rebalancing capabilities  — the process of realigning the weight of assets within a portfolio. It is accomplished by progressively purchasing and selling assets to preserve the targeted or original risk/asset allocation level. The website provided a simple trading experience for rookie and expert cryptocurrency investors.

Customers may also use Social Trading and Copy Trading to mimic renowned traders and their various tactics. The service is free and beneficial to new traders. It rewards experienced users because a replicated portfolio plan generates a small monthly payout. Holders get free access to Shrimpy. On the other hand, professionals must pay a bit more per month for an annual plan.

It makes collaborative investing easier with features like index automation. The platform's functionality readily compensates for the expense. That is why the gadget is preferred over every other popular option by the vast majority of qualified specialists.

A bigger part of all Shrimpy reviews available on the web doesn’t consider some of the features the platform provides. Let’s break down the crucial ones to understand what you can get using the bot.

Shrimpy Trading Bot — Portfolio Rebalancing 

Portfolio rebalancing may appear to most traders as an insignificant phrase in their trading approach. However, rebalancing is a good trading strategy that decreases risk and increases profit margins.

Rebalancing is a trading method in which you construct a formula for distributing assets in response to market circumstances. Essentially, adjusting your portfolio to satisfy your threshold rebalance % requirements increases your chances of gaining from market moves.

Institutions in the stock market have used automatic portfolio rebalancing for decades, but Shrimpy has now integrated it into bitcoin trading. The software will automatically compute the transactions that must be completed to rebalance your portfolio, then place them on the exchange of your choice methodically to achieve your desired portfolio proportions.

Shrimpy provides two forms of portfolio rebalancing: time(periodic) and threshold rebalancing. Shrimpy will rebalance your asset portfolio over a specified period, such as daily, weekly, or monthly, to obtain the appropriate asset percentages (e.g., 60% BTC, 10% LTC, or 30% ETH-whichever percentages you pick).

Shrimpy rebalances your portfolio every time one of the assets deviates from the target proportion by a certain amount. Threshold rebalancing is more effective than time rebalancing since it incurs less trading expenses and rebalances your portfolio only when necessary.

Many Shrimpy reviews skim on Indexing, but it’s an important part of the functionality. Dealing with a diverse portfolio offers the benefit of lowering risk and increasing profit margins. Shrimpy's intelligent indexing tool makes it simple for traders to diversify their portfolios by allowing them to design their crypto index with various criteria and automated rebalancing.

Furthermore, Shrimpy automatically enables traders to weigh their bitcoin index funds utilizing the indexing tool. As we all know, a properly weighted index is essential for effective trading. Shrimpy provides the following indexing options:

Shrimpy Trading Bot — Market Cap Weighting

Market cap weighting is essentially weighting a cryptocurrency index by its market capitalization. The program will automatically identify the top ten cryptocurrencies by market capitalization for inclusion in your portfolio. If any selected coins fall out of the top 10, Shrimpy automatically replaces them with the currency with the highest market cap to climb to the top. Also, Shrimpy weights each asset according to its top ten positions so that assets with greater market capitalizations have a bigger portfolio and vice versa.

Shrimpy Trading Bot — Equal Weighting 

This simply means that the currencies you choose to include in your portfolio will be weighted equally (e.g., 20% BTC, 20% ETH, and 20% LTC). If the market cap of your portfolio changes, Shrimpy will adjust the portfolio to reflect equal percentages.

When you are constructing a bespoke trading strategy and want to see how it worked in the past, the backtesting tool comes in handy. Backtesting allows you to test any trading strategy or index against historical data to see how well it would have done in the past. You may use the program to backtest up to 5 years of extensive historical data acquired straight from each cryptocurrency exchange. Shrimpy exclusively uses precise bid-ask market data. Thus each deal is replicated correctly. 

Social trading appears to be the latest trend in bitcoin trading, with numerous platforms, like eToro, already offering it. Shrimpy also has a social trading function that allows users to 'copy trade' other traders' strategies if they want. Users who publish their trading techniques are rewarded per month for each individual who duplicates their trading strategies, ensuring a win-win situation. 

This groundbreaking feature is especially beneficial for inexperienced traders since it allows them to automate their trading without understanding all aspects of trading. Furthermore, traders with an efficient trading method might make passive money by sharing their strategy.

Shrimpy Trading Bot: Account Registration & Login Process 

Creating an account on Shrimpy is quick and straightforward. Customers only need to own a valid email address to complete the registration process. Here is how it can be done:

Shrimpy Trading Bot — Account Registration Process

Fill out the form and submit a referral code if any

Tap on the “Sign Up” option and verify your email

Shrimpy Trading Bot — Account Login Process

Spot the Login button at the upper left hand corner

Shrimpy offers three types of accounts: HODLER, Professional, and Enterprise. HODLER is always free but has highly restricted functionality — only Portfolio Tracking components are available to these account users. Professional and Enterprise subscriptions provide far more possibilities but no free trial periods.

Following a leader incurs additional expenses, known as premium leader fees. Each leader might charge these additional costs for following one of their portfolios. These other expenditures are not included in the Shrimpy subscription price. As a result, before opting to follow, the platform proposes thoroughly examining premium leaders. Shrimpy charges premium leader fees every month. "Flat Dollar Fees" and "Assets Under Management Fees" are two sorts of fees that leaders might levy.

Fees are based on the earnings made by users when social trading. Profits for the main trader increase as the number of followers increases. Significant earnings, as a rule, imply a greater motivation for the leader.

The overall value of the money handled by a leader is referred to as Assets Under Management. AUM is computed by adding the importance of each portfolio that adheres to the leader's strategy. The AUM fee in Shrimpy is payable monthly. If the leader has elected to charge a 1% AUM fee, the follower must pay the leader 1% of their portfolio value each month.

Due to market volatility, a single portfolio's value might vary dramatically over a month. Consequently, Shrimpy will continually track the value of each follower portfolio. Countless balance data points will be collected monthly to compute the effective AUM.

Flat dollar fees are a monthly membership payment for traders who follow a leader's portfolio. A monthly flat charge in Shrimpy might range from $1 to $1,000. These costs are prorated based on how long a trader follows a leader. The fees are also charged to each trader's portfolio to follow the leader. 

If a trader follows a leader who charges $5 per month and has two portfolios, they will be charged $5 per portfolio. Following both portfolios would essentially cost $10 every month. Such a model raises concern throughout the most popular Shrimpy reviews, creating a negative vibe for the platform. 

Whether you’re looking for portfolio automation or portfolio rebalance, API encryption is the feature to check on before furthering your experience. API technology is one of the best security measures any crypto exchange can implement for the esteemed security. Shrimpy security is among the best partly due to world-class encryption, but it also uses advanced Shrimpy sign techniques like 2FA and beyond. Let’s break down what makes your trading safe.

Shrimpy's trading API enables developers to carry out trades across different exchanges. Market orders, intelligent order routing, and limit orders are all supported. To assist the developers, orders are issued with precision and speed. The APIs can produce a variety of outputs depending on the user's expertise.

Shrimpy Bot Review — Smart Order Routing 

Using intelligent orders, the API instantly streamlines trading operations. It helps developers describe the assets they wish to acquire or sell. The platform then analyses potential trade routes for the item. In a nutshell, it delivers the best market price for the asset.

The API aids Shrimpy's market relevancy. No trader can make sound judgments without access to real-time data. As a result, the tool provides various endpoints for easy access to the most recent market data. REST API endpoints and WebSocket feeds are the two alternatives. The former is advantageous for mobile applications and sporadic trading. The latter, on the other hand, is helpful for high-frequency trading. It may be used for strategy rebalancing as well as threshold rebalancing.

Shrimpy Bot Review — Historical Data API 

Historical data can show many tendencies and patterns. Users can make a lot of money if they understand them correctly. Shrimpy's historical data API provides significant trading data dating back to 2012. Customers may use the API to develop an investing plan and conduct transactions to improve their overall portfolio.

Shrimpy Bot Review: How Easy Is Shrimpy to Use?

The simplicity of Shrimpy reviews across the web makes it appealing to beginning traders. Its trading bot has a simple and basic user interface. Even for beginners, the web-based tool is aesthetically appealing and straightforward. Users may easily set up the instrument and use features like spread and slippage. 

All the portfolio management automation software makes trading simpler, allowing you to manage your digital assets effortlessly. It also provides crypto trading bots to assist customers in developing a sound crypto trading strategy. Despite its obvious utility for beginner traders, Shrimpy is equally helpful for seasoned users.

According to multiple Shrimpy reviews, users get prestigious security procedures using the platform. It implements features such as two-factor authentication (2FA) and API encryption. The program encrypts all exchange API keys, eliminating the possibility of data leaks or interception. Shrimpy secures access through developer APIs to assist users in withdrawing payments. Its main website is secured by HTTPS (SSL), ensuring all users have a safe experience. Furthermore, it only keeps the capacity to conduct transactions and access data so that no one may take cash from the site.

Shrimpy Bot Review: Supported Exchanges 

As to Shrimpy reviews, the platform supports 16 crypto exchanges in total. Here’s the list of exchanges you can connect to using Shrimpy. 

Taking hundreds of Shrimpy reviews into account, the platform’s customer support is good overall, yet it causes concerns among the community members. Users repeatedly address issues related to reply quality and speed. Shrimpy doesn’t have a live support chat, which is why users send over their questions at email support. 	

Shrimpy Bot Review: Comparison vs 3Commas: Which Automated Trading Platform is Better? 

A host of controversial Shrimpy reviews across the web doesn't make the evaluation any easier, but the head-to-head comparison does. Let’s break down points crucial for any bot and compare the results for Shrimpy and 3Commas. 

Shrimpy has three account types: Starter, Professional, Enterprise, and a free version. Starter, Professional, and Enterprise Plans offer far more options than free users' limited toolset. The lack of a free trial makes Shrimpy less attractive for newbies. However, you can try out some functions in demo mode.

Starter plan is $19 per month and limits users to connecting 5 exchange accounts. 

Professional plan is $79 per month and includes 5 portfolios per exchange account, 10 exchange accounts, and access to the API. 

Enterprise plan is $299 per month and features priority support, 10 portfolios per exchange account, and 25 exchange accounts overall. 

3Commas has four account types: Free, Starter, Pro, and Advanced. Prices for the plans vary, depending on whether you pay per month or per year.

Shrimpy vs 3Commas: Privacy & Security Winner

Each API key is encrypted and stored with FIPS 140-2 security modules to protect users of Shrimpy, their integrity and confidentiality. Furthermore, Shrimpy encourages its users to enable 2-Factor Authentication. 

When you visit Shrimpy’s Community page it provides links to their Reddit page, their Discord server, and their Telegram channel. However, each of these venues has little activity and interaction between users. It is mostly treated as a way for Shrimpy to publish news and occasionally answer questions from users.

With 3Commas there is a huge Community forum that is not just for learning but also for sharing experiences and trading ideas. There are also separate sections for each topic (bugs, ideas, education, features, announcements, etc.), making it easily navigable.

With Shrimpy you have to do lots of digging into their site and read user reviews to see what your options would even be. There are too many features to get into, but we’ll take a look at some crucial ones.

Shrimpy Bot Review — Backtesting Compared

Both platforms allow backtesting to allow you to evaluate your strategy. Shrimpy however, has made their Backtesting tool public for all to use. 3Commas lets account holders enable the backtesting option within their bot strategy settings.

Shrimpy Bot Review — Social Trading Compared

Shrimpy lets you copy top crypto traders – however, their site doesn’t give much information on the process. 3Commas also lets you view and copy the bots of the platform’s most successful traders, and it gives tutorials on the process.

Shrimpy Bot Review — Trade Automation Compared

Once more, Shrimpy’s vagueness is out to get them. Their features page says that strategy automation is possible, but there are no details given beyond that. With 3Commas there are plenty of blog posts and Knowledge Base articles detailing your options.

Shrimpy Bot Review Features Winner: Both services have very similar features, yet 3Commas features seem a bit more refined. 3Commas narrowly wins due to a smoother learning curve and feature delivery work.

We’ve compared Shrimpy vs. 3Commas to understand which one is better as a go-to trading solution. 3Commas bots beat Shrimpy in many aspects mentioned. Let’s finalize the comparison in a table. 

Shrimpy and 3Commas both offer excellent trading automation opportunities. As we mentioned before, they offer nearly identical automation and strategy features. However, we find that 3Commas offers better quality-of-life features. The mobile app and dedicated knowledge base, as well as the heightened availability of the customer support team, is what really makes 3Commas stand out

Based on the most recent and up-to-date evaluations available in 2023, it can be deduced that the Shrimpy bot is particularly well-suited for long-term traders who prefer a more stable and less experimental trading approach. It offers a straightforward interface and functionality, tailored mainly to those who do not venture too much into varied trading strategies. However, for those in pursuit of a broader spectrum of trading techniques, increased arbitrage possibilities, and superior automation capabilities, the 3Commas platform stands out as a more comprehensive and fitting choice.

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A detailed review of Shrimpy compared head to head with the industry leader 3Commas Bot. Everything you should know to understand whether Shrimpy is a good trading tool in 2023.

Shrimpy Review 2023: a Comprehensive Comparison – Shrimpy.io Trading Bot vs 3Commas

Learn about 3commas and Shrimpy.io - two top-rated crypto trading bots - and the unique advantages they provide. Based on our comparison, you will be able to choose which one suits you the most.

Shrimpy Review 2020: a Comprehensive Comparison – Shrimpy.io Trading Bot vs 3Commas

This is the updated Shrimpy review, including the latest features, add-ons, and improvements that happened with the Shrimpy bot. We also compare Shrimpy vs. 3Commas automated trading bot to understand which is better for you. Read on if you’re looking for up-to-date and relevant information regarding pricing, trading bot, and more. 

Whether you’re trading amateur or beginner in crypto, you might benefit from using automated trading bots like Zenbot. This is a refreshed deep dive into Zenbot functions and updates, including the most relevant info on pricing, trading strategies, and more. We also pit Zenbot and 3Commas in direct competition to spot your best trading bot.

Both ZenBot and 3Commas are trading software providers designed to automate trading for the majority of crypto. Let’s talk about each briefly. 

Zenbot is a relatively unknown crypto trading bot available for free on GitHub. It’s mainly used by seasoned traders with some coding experience. The bot has a bunch of reviews on Google and forums alike, which reflects the growing interest toward open-source software.

The bot was founded by David Vasquez, who has integrated artificial intelligence to refine the algorithm and unlock high-frequency trading to the masses. Users can run Zenbot on MongoDB and Node.js. Furthermore, the bot has increased exchange support for cryptocurrency exchanges like Binance, Bittrex, Gemini, Kraken, and eight more. 

If you’ve been watching prospects of the nascent crypto for a while, you might have heard about the automated trading industry leader — 3Commas. It’s an indispensable tool in cryptocurrency — a trading platform to allow full-automation crypto trading robots. You can copy active crypto traders, build top investment portfolios, and shape your custom trading strategies for stressless sources of profits however you like. 

Let’s analyze Zenbot first, and address the 3Commas trading bots for comparison purposes later on. 

Zenbot Review 2024: An Inclusive Trading Bot Guide 

This Zenbot review peeks at key information in the form of tables, and explains details right after. Here is the list of pros and cons of Zenbot to get familiar with the bot. 

Zenbot is an excellent crypto platform for automated trading lovers. If user interface and convenience are not your trading priorities, you will have no trouble using Zenbot. The bot has extra utilities, such as a genetic algorithm backtesting to help you with trading parameters and optimization. We recommend using VPS to cover slow backtesting and connection issues may arise using Zenbot. 

Since Zenbot is a 100% free and open-source framework for creating your own bots, its developers had a plugin architecture in mind when creating the bot. You can use a command line to create a bot using Node. Such an approach makes a tool with a bit of coding experience required for further trades. 

If you ever wondered how to use zen bot, you need a GitHub account and technical skills. If you don’t have any coding/developing experience, you may struggle to use the bot. For those ready for set-up difficulties, check out the link to learn more on how to use zen bot properly.

Naturally, many traders don’t have any coding background, conceiving not-so-good reviews for Zenbot throughout the web. Those who can cope with custom bots by Zenbot can analyze the live market background and build the most fast-paced bots to make one-hour trades and beyond, heading over the unattainable nirvana of lossless profits.

Once you understand how to use zen bot, we’re going to review Zenbot trading bot by breaking down the key aspects mentioned below.

Once we cover all the aspects, you’ll be able to compare those to the same of 3Commas and understand which one fits your trading approach better.

Let’s now talk about the underpinning criteria of Zenbot in detail.

Zenbot Trading Bot Review: Detailed Prices

Zenbot’s starter plan does not require any payments at all until you need more storage and collaboration with more users. Prices are paid on a monthly basis for other available features. You don't have to pay a huge fee to use Zenbot, as the bot comes with no fees. If you like the software and feel like supporting it, you can donate directly. The developers may use the funds to add more features and increase the operational capacity. 

These are the highlights of each plan for you to make the best decision on which Zenbot plan you should go for:

Free: This is a good package for small teams or developers who will not be as active at trading. It is for the most basic of purposes and will be limited to 2,000 Actions minutes per month and will only have 500MB storage.

Team: This is for more advanced users and will be able to get insights from reviewers as it will be a requirement for them to look into any codes and gain a connection with code owners. It is an upgrade from the Free package, which offers more space at 2GB and will now have 3,000 Actions minutes per month.

Enterprise: This will have everything on the Team plan with additional features such as SAML sign-on for enhanced security measurements, and a huge jump to 50GB storage and 50,000 Actions minutes. It will also be audited scrutinizingly. 

A GitHub One Package is available, which incorporates community-powered security, actionable metrics, 24/7 support, and continuous learning with everything available in the Enterprise plan as well. Price is only available upon request.

Zenbot allows for comprehensive backtesting, which can assist users in testing and validating their techniques before eventually implementing them to the market. Not only does it test how efficient their bot is, but it can also serve as a bridge for rookies to get a sense of how to trade with code without wasting any money.

The problem with Zenbot though is that it tends to have low frequency and is not quick with updates, which is extremely crucial when it comes to trading.

If you wonder how to use Zenbot, the bot is not as easy to use as compared to other servers as it is run with a command-line interface that requires Node.js and MongoDB. Without a substantial amount of previous experience and ample knowledge using such a system, it could be a difficult method to get started with trading.

Nonetheless, its open-source software does make it simple for encoders who trade. Furthermore, Zenbot has a GitHub devoted page consisting of a group of developers who contribute to it to support the operation and setup of bots that are available for users to download.

As of writing, Zenbot supports 12 major crypto exchanges. Including full support for Binance, Bitfinex, Bitstamp, Bittrex, CEX.IO, GDAX, Gemini, HitBTC, Kraken, Poloniex, QuadrigaCX and TheRockTrading crypto exchanges. The developers work on further support. You can integrate the bot via API. 

Lately, Zenbot has been subject to criticism and skepticism as a result of disparities found between paper trades and live trades. There have been arguments that state that live trades showed obvious losses even if the paper trade carried out showed gains. Thus, it prompts doubts about the credibility of the service.

Strategies for Zenbot will rely on the code that is programmed for the bot to operate in. It is also a natural language system software but supports other programming languages such as HTML, JavaScript, CSS, Python, and Smarty. Therefore, it is a multipurpose bot with several distinct features to make crypto trading easy for its specified user.

Its Enterprise package has heightened security by having a Security Assertion Markup Language [SAML] encoded simply for signing in. Aside from that, Zenbot is made to be built and run on the user’s own system, so it is up to the user what the limitations on their exact device will be.

Zenbot is an open-source bot available for free to everyone. If you're an advanced computer user, you can benefit from Zenbot trading bots free of charge. The bot comes packed with trading strategies to apply across nascent crypto exchanges and major platforms alike. As long as you are a deity of programming on JavaScript, you can use the repository to build your own trading scripts and implement indicators.

For those having tough luck with the command line, Zenbot may seem quite complicated. If you’re looking for easy onboarding, you might want to pick an alternative trading software provider. 

A community is a group of benevolent critics who can — sometimes better than experts — find flaws and direct product development to eliminate them. The nascent crypto exchange community is twice as crucial for trading software as it’s the decisive sign of active development and ongoing journey rather than a destination. An effective bot requires a robust community behind it to measure and refine trading experiences. 

Zenbot has a dedicated fanbase supporting the product. Most of the community members are advanced users with coding backgrounds. Some have years of developing IT products; some are less experienced leads or juniors. Either way, Zenbot fits experienced traders rather than broader trading audiences. 

This section boils down one of the top trading bots by the 3Commas automated trading software provider.

3Commas has monthly payment plans or can be paid annually. Regardless of which you choose, all of its plans include the following additional features:

Starter Package: This has a SmartTrade Terminal for both Spots and Futures, Concurrent Take Profit and Loss, and Short and Long algorithms, which is more than enough, if not best for expert traders and investors who can handle trades without being reliant on bots.

Advanced Package: This includes everything in the Starter Package as well as being able to use Spot Simple Bots, View and Copy Bots, and Trading Custom Signals. This is more for intermediate traders who would need minimal assistance from bots and other technicalities that are entailed to trading.

Pro Package: Everything in both Starter and Advanced Packages will be included as well as Composite Bots, Binance Futures, and Bybit, and Futures Bot, Grid Bot, and crypto trading Option Bot.

3Commas provides the ability to simply customize your settings and make trading easy for users. It is straightforward and does not require any broad technological awareness to utilize the bots. All bots are receptive to any orders that are placed and shown immediately on the device used once an order has been executed on the exchange website. However, there are limitations to what can be done with presets on the site.

3Commas has a user-friendly and elegant interface that provides a variety of functionality and detailed analysis. Users can take advantage of different bots such as short bots, quick bots, composite, and composite short bots. It is also possible to customize your own trading strategies based on the presets available. Even beginners in crypto trading will not have a difficult time using this platform.

As of writing, 3Commas automated trading platform supports 18 crypto exchanges. Including the major exchanges like Binance, Coinbase, OKx, Bitfinex, and more. The team is always in talks with other exchanges, as 3Commas is willing to unlock more opportunities for its traders.

3Commas allows and produces higher sales and transactions. Once a user learns how to use a specific bot, they can improve on its functionality and benefit further. Since it has a copy trading feature as well, users can imitate their trades in that way.

3Commas, as mentioned before, can be customized but are limited to presets. Also, your trading skills and expertise will decide what kind of bots and tactics best benefit you personally. The composite bot can support a number of cryptocurrency pairs and are focused through interpretation in TradingViews.

Confidentiality and privacy of personal data are taken seriously at 3Commas, and steps have been taken to deter breaches such as adding encryption and secure servers. API keys are also created by exchanges for authentication of requests and are restricted from making withdrawals to ensure the safety of your funds.

Zenbot vs 3Commas: Pricing & Plans Winner

If you are a trader that can use code with ease and do not require bots, the free Zenbot package will be good enough to suit your needs. However, most people will be using this kind of service to make trading easier, and in this case, 3Commas provides a variety of features and bots at an affordable price.

Zenbot Review Pricing & Plans Winner: Zenbot

Both platforms are stable and efficient, but, like every other network, it can have its pitfalls. However, Zenbot still needs more improvement, especially with live and paper trading.

Zenbot Review Reliability Winner: 3Commas

3Commas seem to have a more interactive and intuitive platform as compared to the more outdated look of Zenbot trading bot.

Zenbot Review Ease of Use Winner: 3Commas

3Commas trading bot supports 18 crypto exchanges, while Zenbot integrates just 12 crypto exchanges. 

Zenbot Review Exchange Platforms Winner: 3Commas

3Commas seems to be more lucrative with users indicating that they can gain up to thousands of dollars a day.

Zenbot Review Profitability Winner: 3Commas

Zenbot vs 3Commas: Trading Strategies Winner

Zenbot gets the cake for so long as users are able to code, they can be more flexible and have the advantage of the backtesting simulator as well.

Zenbot Review Trading Strategies Winner: Zenbot

Zenbot vs 3Commas: Privacy & Security Winner

Both platforms provide a secure place for users to trust and trade cryptocurrencies, but Zenbot can be risky if not properly constructed.

Zenbot Review Privacy & Security Winner: 3Commas

Zenbot vs 3Commas Review: The Final Verdict 

We’ve compared Zenbot vs. 3Commas to understand which one is better as a go-to trading solution. 3Commas bots beat Zenbot in many aspects mentioned. Let’s finalize the comparison in a table. 

3Commas has scored 8 on average, while Zenbot accumulated just 6 points. The 3Commas bots seem to be the better option, while Zenbot is a more technical solution for skilled coders and traders.

In conclusion, the comparison between Zenbot and 3Commas in 2024 reveals distinct strengths and weaknesses of both trading bots. Zenbot, being an open-source and free trading platform, offers customizability and advanced features but is more suitable for experienced users with coding skills. Its community of coders is a valuable resource for those who can harness it, but it lacks user-friendliness and timely updates.

On the other hand, 3Commas stands out as a user-friendly, cloud-based trading solution with a wide range of features. It supports a larger number of exchanges, making it more versatile for traders. 3Commas also offers a free trial and a variety of pricing plans, catering to different user needs. While it may not provide the same level of customization as Zenbot, it is a more accessible and reliable choice for traders of varying skill levels.

When considering factors such as ease of use, exchange support, profitability, and security, 3Commas emerges as the preferred option for most traders. However, for those with advanced coding skills and a preference for complete customization, Zenbot remains a viable choice.

Ultimately, the choice between Zenbot and 3Commas depends on your trading priorities and experience level. While both platforms have their merits, 3Commas offers a more comprehensive and user-friendly experience, making it a top choice for many crypto traders in 2024.

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A detailed 2024 review of Zenbot compared head to head with the industry leader 3Commas Bot. Everything you need to know to understand whether Zenbot is a good trading option

Zenbot Review 2024: a Comprehensive Comparison – Zen Bot Trading Bot vs 3Commas

A comparison between 3Commas and Zenbot, two noteworthy crypto trading sites. Take an in-depth look at each platform, such as its features, costs, and usability, to increase your chances of success by selecting the right crypto-currency for you.

Zenbot Review 2020: a Comprehensive Comparison – Zen Bot Trading Bot vs 3Commas

Zenbot Review 2024: A Comprehensive Comparison – Zen Bot Trading Bot vs 3Commas

This month we sat down with an individual who has experienced quite a lot of success using our 3Commas bots to trade crypto, and we've asked him to share some of his insights with our trader community. 

Number one trading tip from this interview

A big takeaway is something we've highlighted for some time now: taking advantage of unpredictable market opportunities by spreading multiple price points among a wide range of trading pairs. 

*some of the answers have been edited for clarity

Can you tell us a bit about your professional background and how you got started in crypto trading?

Initially I worked a normal job, then I started a business and looked at investing in 2008. The opportunities in crypto were more attractive and I plunged into the crypto world. Got to know crypto when the 2021 bull hype was everywhere and joined several trading bots such as RoyalQ, AntBot, etc. Then a friend introduced me to 3Commas and continued to use 3Commas because there was no gas fee. Interested in crypto because it is a more promising investment than property, stocks, gold, etc.

I was interested in using trading bots because when trading manually there is a fear & greed effect. Started trading in 2008 in stocks, expanded to forex, and finally to crypto. I got to know trading bots in 2021, and have been using 3Commas since. Initially I began investing to fight inflation, and now I’m using trading bots for passive income and holding crypto for wealth.

What specific trading strategies have you found to be most effective when using our platform's bots?

DCA bots long and short on spot, spread on all prices and keep borrowing between quotes and base.

How do you approach risk management in your trading, and what measures do you take to minimize potential losses?

1. Diversify exchanges to minimize risks like FTX.

2. Trade in all currency pairs to reduce the risk of delisting.

3. Keep large funds in Ledger and use small funds for trading, so that the proceeds from large funds become easy winnings.

4. Spread the price at all levels so that no matter what the market conditions are, it still generates passive income.

5. Part of the profit is withdrawn to the Ledger and part for compounding.

Can you describe your overall trading philosophy and how it guides your decision-making process?

1. Passive income for Lifetime, Ride to Zero, risk diversification, patience and discipline are key.

2. Setting a trading strategy and enjoying the ride with trading bots to avoid the influence of fear and greed in the market.

3. Discuss with trading partners and always look for better strategies to increase passive income.

How do you determine the right time to enter and exit a trade?

Always in the market, unless there are signs of an exchange bank run then the exchange is withdrawn. Because the game is passive income for life, so always trade with bots.


Which of our trading bots do you use most frequently, and why do you prefer them over others?

DCA bots, because of the open with market price and conditional TP feature which allows us to do a save and borrow strategy. Also, there is a min max price feature which allows us to spread the price in each pair.

Can you walk us through a recent successful trade that you executed using our platform's bots? What was your strategy and which tools did you utilize?

DCA bots, the big picture strategy is to spread the price in all pairs, go long and short simultaneously, which turns volatility into passive income.

Are there any specific features or tools on our platform that you consider essential to your trading success?

Currently, the basic features are open with market price, conditional TP, and the ability to add funds manually in deals (DCA Bots). The unlimited enterprise account helps with this strategy. The control panel makes it easy to monitor the bots because there are already a large number of them.


How do you analyze market trends and data to inform your trading decisions?


I don’t really use it for trading as our strategy uses all currency pairs on Binance.

What indicators or signals do you rely on the most when setting up your trading bots?

How do you stay updated with the latest market news and trends, and how does this information influence your trading?

Distinguishing between news that creates fear and greed and news that is factual. Pay more attention to delisting news and possible exchange bank runs. Big news like ETF Approve can influence the decision to increase the number of bots in a particular pair.

Can you share some of your most significant achievements and learning experiences in crypto trading using our platform?


1. Being able to trade bots for a living without having to do business or work.

2. A great learning experience was in the early days of 3Commas there was no bot limit, so every day we could create thousands of bots. The trial and error provided a deep understanding of the DCA and Grid features.

What advice would you give to new traders looking to use bots for their trading strategies?


1. Make sure the trading mindset is strong so that you have confidence in what you are going to do.

2. Determine the strategy you want to use and execute it with patience and discipline.

3. Practice good financial management, so as not to worry about the 99% dump or excessive greed.

Bahasa Indonesia interview (original language)

This interview was originally conducted between an Indonesian trader and the head of our Indonesian community team. Here is the full original text. 

Dapatkah Anda menceritakan sedikit tentang latar belakang profesional Anda dan bagaimana Anda memulai trading kripto?

Awalnya kerja, lalu start business dan melirik investasi di 2008 dan peluang di crypto lebih menarik dan terjun ke dunia crypto. Kenal crypto sewaktu bull 2021 hype di mana-mana ikut jadi sangkuters di beberapa bot trading seperti RoyalQ, AntBot, dll. Lalu ada teman yang kenalin ke 3Commas dan terus pakai 3Commas karena tidak ada gas fee. Tertarik di crypto karena investasi yang lebih menjanjikan dibanding property, saham, emas, dll.

tertarik menggunakan bot trading karena saat trading manual ada efek fear n greed. Mulai trading tahun 2008 di saham, merambah ke forex, dan akhirnya ke crypto. Kenal bot trading mulai 2021, dan menggunakan 3Commas sampai sekarang. Berawal dari investasi untuk melawan inflasi, sekarang menggunakan bot trading untuk passive income dan holding crypto for wealth.

Strategi trading spesifik apa yang menurut Anda paling efektif saat menggunakan bot platform kami?

DCA bots long dan short di spot, sebar di all price dan simpan pinjam antara quotes dan base.

Bagaimana pendekatan Anda terhadap manajemen risiko dalam trading Anda, dan langkah apa yang Anda ambil untuk meminimalkan potensi kerugian?

Opinion