Cryptohopper 2022: An In-depth Review & Comprehensive Comparison With 3Commas 

Cryptohopper Review: The Rundown 

Cryptohopper is a cloud-based platform to automate your trading routine via bots. Simply put, you pay a subscription fee to spend less time at a trading terminal. Trading flexibility is one of the best inputs you can get from Cryptohopper. Whether you’re a seasoned investor or a newbie trader, you can unlock new trading opportunities. Let’s break down key features to understand how Cryptohopper stands out among others. 

Cryptohopper Review  — How It Works?

The bot works by performing transactions for you on the trading account to which you have linked it. To connect your crypto exchange account, input your API key in your bot account. The API key may be located in the exchange account settings. The method may differ from exchange to exchange. However, CryptoHopper's tutorials page contains comprehensive information for integrating your account into popular crypto exchanges.

Once your exchange account is linked to your CryptoHopper bot, it will conduct transactions according to your established settings. It will do technical analysis based on market circumstances before buying or selling your cryptocurrencies by the trading techniques that you have selected. 

The bot will continue to trade cryptocurrencies until you turn it off or change the settings. While the process is automated, you must still keep an eye on it since a bear market might cause the bot to execute transactions that end in a loss. With this in mind, there are a few things you should think about before utilizing CryptoHopper.

Cryptohopper Review  — Trading Bot Tools 

The bot offers technical analysis, which makes it an advanced tool for a trader. It utilizes technical indicators such as RSI, Stoch RSI, EMA, Bollinger Bands, MACD, etc. Many users note that the bot performs especially well during upward market movements. However, TA seems to be quite complex for beginner users — so they won’t be able to utilize its full potential. The bot requires more human presence and operation when the market is moving downward.

Some of the trading tools you can get:

• Dollar-cost averaging [DCA] Bots
• Social trading
• Trailing orders
• Trading terminal
• Automated trading
• Leveraging, Backtesting
• AI trading and custom strategies for professionals

Cryptohopper Review  — Trading Bot Pricing 

You can start at a lower price tag and go significantly higher as you move up the pricing tiers. 

Before committing to a certain plan, users can test out the platform during a trial period. The biggest perk is that you don’t have to submit payment information to enter the trial. Once the period runs out, you can purchase a full subscription.

Cryptohopper offers similar functionality across different packages but increases the number of positions, coins, etc. Here’s a quick detour for understanding.

The cheapest plan

• Trading bots
• Technical analysis with 10 min interval
• 80 positions, up to 15 assets, 2 triggers

The medium package 

• Exchange arbitrage
• Technical analysis with 5 min interval
• More positions, currencies, and triggers

The pro version 

• Market maker method
• Technical analysis with 2 min interval
• 500 positions, 75 assets, 10 triggers

The most common criticism for Cryptohopper is that the lower-priced packages don’t offer sufficient functionality in comparison to the $99 one. Even though many platforms on the market have this drawback, users should take it into consideration.

3Commas Crypto Review: The Rundown 

3Commas is a complete cryptocurrency trading platform that enables users to employ automated trading bots, follow and imitate traders' moves, and establish and analyze platform users' best portfolios.

The automated trading platform focuses on delivering helpful tools and features that are easily customizable, allowing users to design, connect, and change their bitcoin trading methods.

Users may also engage in Smart Trading, which allows them to create numerous orders simultaneously: stop-loss, take-profit, floating, and other orders, which can safeguard your trades amid high market volatility or save a lot of time by leaving positions for automatic trading.

3Commas Bot Review  — Tools for Automated Trading

3Commas provides useful simple automated trading tools and easily customizable features to create, connect and adjust crypto trading strategies for traders. One quick example would be A Smart Trading feature — it allows you to set multiple orders simultaneously. 

Imagine setting a stop-loss, take-profit, floating, and other orders to secure your trades during high market volatility, or save a lot of time by sparing positions for automated trading.

Here is the list of features you can access via 3Commas automated trading platform:

• DCA bots, Grid bots, Futures bots, HODL bots
• Unique options bots
• All-in-one scalper terminal
• Turnkey portfolio management toolset
• Smart and social trading 
• Crypto signals & marketplace
• Custom trading strategies and presets
• Over 100 TradingView indicators
• API connect to 18+ crypto exchanges

3Commas Crypto Review  — Pricing

3Commas Tutorial  — The Free Plan

You can review 3Commas bot and its features free of charge. Here’s what you get: 

• Trading platform and free educational materials
• Access to general and altcoin signals from TradingView
• Simultaneous orders like take profit, stop loss, etc.
• Active SmartTrade
• Unlimited scalper terminal
• One grid bot
• One options bot
• One DCA Bot [one multi/single pair for spot or one for futures]

3Commas Tutorial  — The Starter Plan

The starter package at 3Commas gives you access to:

• All the features of the free package 
• Paper trading to review 3Commas bot and its features safely
• Unlimited scalper terminal
• Unlimited smart trades

3Commas Tutorial  — The Advanced Plan

The advanced pricing plan offers the following set of features

• All the features of the free plan
• All the features of the starter plan
• Unlimited DCA bots

3Commas Tutorial  — The Pro Plan

The professional package opens up even more automated tools, including

• All the features of the Free plan
• All the features of the Starter plan
• All the features of the Advanced plan
• Unlimited grid bots
• Unlimited options bots
• Composite bots & strategies
• ByBit bots

There is also an exclusive enterprise package upon request. The pricing is established on a case-by-case basis. You will be offered priority support and custom features depending on what your particular case requires.

You can purchase any plan with credit card payments, transfers via PayPal or cryptocurrency wallets. 3Commas users choose the payment option depending on what tools they prefer. The 3Commas Pro package is particularly affordable in this regard, especially compared to other bots. Learn more about 3Commas automated trading plans.

3Commas Bot Review  — Community

No 3Commas Bot review would be complete without the community touches. The 3Commas community provides ample room for belonging to any trader who wants to come in. Newbies, intermediate traders, and professionals build trading strategies, 3Commas tutorials, answer questions and help each other in any way possible. Dedicated communities like 3Commas shape the most successful businesses.

Cryptohopper vs 3Commas: Which Automated Trading Platform is Better? 

Let’s break down points crucial for any bot and compare the results afterward.

Cryptohopper vs 3Commas Crypto Review: Pricing Winner

Pricing winner: 3Commas has a more gradual increase in pricing across plans and offers better functionality for each tier.

Cryptohopper vs 3Commas Crypto Review: Reliability Winner

Cryptohopper vs 3Commas Crypto Review: Ease of Use Winner

Cryptohopper vs 3Commas Crypto Review: Exchange Platforms

Cryptohopper vs 3Commas Crypto Review: Profitability Winner

Profitability winner: There is no way to track how profitable the service is across all users but the average earnings on both platforms are decent, bots have shown they can yield solid returns. 

Cryptohopper vs 3Commas Crypto Review: Strategies Winner

Cryptohopper vs 3Commas Crypto Review: Operating systems

Cryptohopper vs 3Commas Crypto Review: Privacy & Security Winner

Cryptohopper vs 3Commas Crypto Review: Updates

Cryptohopper vs 3Commas Crypto Review: Help and Support

Cryptohopper vs 3Commas Crypto Review: Communities

Cryptohopper vs 3Commas Crypto Review: Features

Both services run in close proximity in terms of their common features but 3Commas wins due to more reliable bots and ready-made strategies.

Hopper Bot & 3Commas Crypto Review  — Automatic Trading

Cryptohopper bot offers technical analysis, which makes it an advanced tool for a trader. It utilizes technical indicators such as RSI, Stoch RSI, EMA, Bollinger Bands, MACD, etc. Many users note that the bot performs especially well during upward market movements.

However, TA seems to be quite complex for beginner users – so they won’t be able to utilize its full potential. Also, the bot requires more human presence and operation when the market is moving downward.

The 3Commas bots are different  — they are based on the DCA [Dollar-Cost Averaging] mechanism and use buy and sell recommendations according to TradingView algorithms. The platform features simple and composite bots ranging in how many coins you can trade simultaneously.

The only negative is that the DCA-based mechanisms invest large amounts of base currency so you have to ensure you have enough free funds. Also, you should be careful about setting the ratio and frequency.

Hopper Bot & 3Commas Crypto Review  — Trading Templates and Strategy Customization

Cryptohopper is an auto trading bot working regardless of crypto market state, as it supports a wide range of token pairs and trading strategies across exchanges. A bot capable of automated trading, including trading algo, pair trading, scalp trading, short trading,  trading crypto, and much more. 

You can choose between ready-made strategies and the ones you create from scratch. Beginners are more likely to stick to templates since they can be quickly set up without much trading knowledge. However, some testimonials on available strategies may not be written by real users, as online experts point out.

3Commas users can purchase automated bot algorithms built by other traders as well as create strategies for the token pairs themselves. The platform also allows you to make adjustments to some bot settings without having to make one on your own. Users should remember that changing parameters to their specific requirements may be risky. But if you feel confident about your abilities, it should not be a problem.

Hopper Bot & 3Commas Crypto Review  — Backtesting

Once you customize your chosen strategy or create one, you most likely will want to know if it will be profitable. Both services provide equal opportunities for testing your strategies without losing money. Backtesting allows you to see how the strategy will perform in the real world based on historical data. You can compare the effectiveness of different strategies before you find the right one.

Hopper Bot & 3Commas Crypto Review — Risk-Minimizing Features

The Cryptohopper bot automates your trades by following signals from third-party technical analysts. Similarly, 3Commas hosts multiple signals that you can choose from. The benefit of using 3Commas in this regard comes from an easy browsing layout. You can clearly see settings recommendations, average results, maximal profit, etc. It helps you make the right choice based on a sufficient amount of information.

As for risk-minimizing features, both platforms offer Take Profit, stop loss, and trailing stop loss. Most experts would agree that trading without safety mechanisms is irresponsible. So, these features limit your chance of major losses and losing everything you have.

Hopper Bot & 3Commas Crypto Review — Social Trading

Cryptohopper simplifies traders’ lives with the mirror trading feature. Those who can’t yet rely on their own judgment about the market can follow professional traders. This functionality is free to use provided you have an active subscription.

3Commas presents users with a feature called CopyTradingBot. Similar to Mirror Trading, it allows you to follow winning strategies developed by other traders and follow other traders’ portfolio allocations. Their effectiveness can be further boosted by features like order books, new exchanges, etc.

Range of features winner: If you don’t want to deal with the complexities of technical analysis, 3Commas is the service for you. 3Commas bots and strategies proved more trustworthy since they are developed by verified users.

Cryptohopper VS 3Commas: The Bottom Line

We’ve compared two leading bots to understand which one is better as a go-to trading solution. 3Commas bots win across many aspects mentioned. Let’s finalize the comparison in one single table.

As a result of head-to-head comparison across multiple factors, 3Commas crypto review accounts for 9 points, while Cryptohopper trading bot accumulated just 6 points. Overall, the 3Commas bots seem more efficient.

Conclusion: Cryptohopper Review

After reading through thousands of reviews and testing both services first-hand, we have formed a firm opinion — 3Commas gains the lead in more categories than Cryptohopper. You will succeed trading with either platform, but if you’re looking for broad exchange support, crypto assets, flawless user experience, and countless trading features, 3Commas is your top pick.