Cryptohopper vs 3commas – Comprehensive Comparison and Review

1. Pricing and Plans

CryptoHopper Prices

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.

1. Here is what you get with a cheaper plan

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

2. The medium package adds

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

3. The pro version takes it further and offers

• • 500 positions, 75 currencies, 10 triggers
  • TA with 2 min interval
  • Market maker method

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 Prices

Subscription to 3Commas is paid on a monthly, 6-month or yearly basis and can be cancelled at any time. If you choose a longer period, you will receive a discount – 15% for 6 months and 25% for a year.

1. The starter package at 3commas gives you access to:

• • Trading platform
  • Simultaneous take profit and stop loss

2. In addition to the features mentioned, the next pricing plan offers:

• • Signals from TradingView
  • Simple bots
  • Bot copying and viewing
  • Algorithms for trading in both directions

3. Lastly, the professional package opens up:

• • All features available in other plans
  • Composite bots
  • Bitmex and 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 type they prefer.

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

Cryptohopper: 7/10

3Commas: 8/10

2. Reliability

Cryptohopper Reliability

All trading bots have the advantage of being more reliable than human beings. However, Cryptohopper is said to be prone to glitches and bugs, which puts your profits under risk.

3Commas Reliability

The cryptocurrency market is hugely volatile, so you should always be aware of the risks. Indeed, some traders lose money – not only because of trading bots but their own human mistakes. That said, according to 3Commas users, they often gain great profits.

Reliability winner: 3Commas seems to be working with fewer unwanted incidents.

Cryptohopper: 6/10

3Commas: 7/10

3. Ease of Use

Cryptohopper Ease of Use

Some users find it difficult to create the account, configure templates, etc. There are some problems with how the platform works on mobile devices. Unless turned on desktop mode, you will not be able to execute certain actions in a browser. 

3Commas Ease of Use

The service works well on mobile browsers and the interface, in general, is laid out in an easy-to-comprehend way. Some people don’t like that you can’t switch to the dark interface mode. However, it doesn’t affect the overall simplicity of the interface.

Ease of use winner: With 3Commas, there are far fewer concerns about setup and configuration difficulties.

Cryptohopper: 5/10

3Commas: 8/10

4. Exchange Platforms

Cryptohopper Exchanges

Currently, Cryptohopper supports 11 exchanges. The list includes Kraken, KuCoin, Bittrex, Poloniex, Binance, and some others. While it is enough for some traders, it might be limiting for people who want to expand their portfolio to the fullest.

3Commas Exchanges

3commas currently supports all of the best cryptocurrency exchanges, including Bittrex, Bitmex, Bitfinex, Coinbase Pro, Binance, KuCoin, HitBTC, Kraken and a lot more. Overall, there are 20 supported exchanges. You can connect to and control any of them from a single window. Before connecting, check what features your exchange of choice supports.

Exchange support winner: The list of exchanges on 3Commas is broader, which gives traders more choice and flexibility.

Cryptohopper: 7/10

3Commas: 9/10

5. Profitability

Cryptohopper Profitability

Technically, this service offers enough features to ensure steady profits. In reality, the bot generates substantial profits, although not all of the time. Some of your profits will be eaten up by fees so your percentage of profit will be slightly lower.

3Commas Profitability 

3Commas bot has an uncommon feature of trailing any crypto market. This fact allows the tool to trade the most profitable position regardless of where they are placed. You might not achieve the highest profit percentages, at first, but users usually learn how to improve bot configuration with time.

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.

Cryptohopper: 8/10

3Commas: 8/10

6. Trading Strategies

Cryptohopper Strategies

Prefabricated trading strategies are listed with ratings of users who’ve already tried them. If you want to change them to your liking, however, you will be running the risk of configuring them incorrectly.

3Commas Strategies

With 3commas, automated cryptocurrency trading can be done by purchasing one from another trader or making your own. You can boost the bot with performance analytics, tracking and other elements.

Trading strategies winner: You get a great variety of strategies in either case.

Cryptohopper: 8/10

3Commas: 8/10

7. Operating Systems

Cryptohopper Operating Systems 

Cryptohopper is available on all iOS and Android devices. If you have trouble setting it up, you can check the installation instructions on the website. However, the entire process should be pretty easy and quick. The app includes all the necessary functionality for trading.

3Commas Operating Systems

If you want to always stay on top of your game, you will benefit from downloading 3Commas iOS or Android mobile app. This way, you can make trades or keep track of your progress anywhere, at any time. The development team achieved good trading view integration and easy-to-understand user interface.

OS winner: In terms of apps and operating system requirements, you will be fully satisfied with either service.

Cryptohopper: 8/10

3Commas: 7/10

8. Privacy & Security

Cryptohopper Privacy and Security

Cryptohopper doesn’t store any tokens within itself, which prevents the compromise of user funds. Also, data collection, storage and processing practices are carried out according to the strictest rules.

3Commas Privacy and Security

The team doesn’t provide a lot of information about security rules. However, developers established high-security systems using API keys connectivity, two-factor verification, no withdrawals to bots, and a lot more.

Privacy and security winner: While no online service can be completely safe, Cryptohopper does a better job of explaining their policies.

Cryptohopper: 8/10

3Commas: 7/10

9. Updates

Cryptohopper Updates

The desktop and mobile apps seem to update users inconsistently. There are many reports claiming that update of the interface was always immediate. This means that traders might have problems with order timing, which is crucial in such fast-moving timing. The bugs on the platform can expose you to various risks, so you should be extremely cautious.

3Commas Updates

There are multiple ways you can receive updates on your open positions and market changes in general. For example, you can opt for direct notifications through 3commas app. Alternatively, you can get notified via Telegram. However, if you want to make any changes to your trades, you will need to open the app.

Updates feature winner: In the cryptocurrency world, you can’t afford to miss updates, which is why 3commas is a more favorable choice.

Cryptohopper: 5/10

3Commas: 8/10

10. Help and Support

Cryptohopper Help and Support

Whenever users have an issue, they can submit a support ticket, which is quickly reviewed by a staff member. Also, you can ask for help on other Cryptohopper channels or take a look at the FAQ section, which covers common problems.

3Commas Help and Support

The team can address your concerns at any time – you will need to submit a request to the Help Centre. There are also guides and the FAQ page but they don’t seem to be ordered as nicely and some expressions may seem odd.

Help and support winner: Cryptohopper takes the lead as it gives more comprehensive knowledge and more practical tips for trading.

Cryptohopper: 9/10

3Commas: 7/10

11. Communities

Cryptohopper Communities

Whether you are a professional trader or you are just starting out, you can find educational material for your level of expertise. You can check out Discord and Telegram groups and forums in English, Spanish, French, Dutch, and Portuguese. 

3Commas Communities

The platform offers integrated access to Discord from inside the accounts. Also, users can join Telegram group, YouTube Channel, and other social media channels to share trading tips and tricks. The blog offers useful material for beginners.

Communities winner: Both services check all the boxes for what an online trading bot should include.

Cryptohopper: 10/10

3Commas: 10/10

12. Features: Cryptohopper and 3Commas

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 very different from Cryptohopper. 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.

Trading Templates and Strategy Customization

Cryptohopper gives you a choice 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 true users, as online experts point out.

3commas users can purchase automated bot algorithms built by other traders as well as create strategies 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.

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 real world based on historical data. You can compare the effectiveness of different strategies before you find the right one.

Signals and Risk-Minimizing Features

The Cryptohopper bot automates your trades by following signals from third-party technical analysts (signalers). 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.

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 complexities of technical analysis, 3Commas is the service for you. Also, 3Commas bots and strategies are considered more trustworthy since they are developed by legitimate users.

Cryptohopper: 8/10

3Commas: 9/10