Cryptohopper vs 3commas – Comprehensive Comparison and Review

Cryptohopper vs 3Commas

 

  3Commas Cryptohopper
Company Location Estonia Netherlands
Founding Year 2017 2017
Supported Exchanges 23 11
Free trial period 3 days for Pro 7 days for Starter
Cloud-Based 
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Multiple currency support
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Automated trading
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Backtesting
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Social trading
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Mobile app
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Day/night interface
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Partnership program
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Get a discount on 3Commas if you use CryptoHopper

3Commas and Cryptohopper Overview

The market of cryptocurrency services offers traders an increasing range of useful tools. 3Commas and Cryptohopper are examples of such tools that simplify the trading process and help people achieve consistent gains.

3Commas is a comprehensive online service that enables cryptocurrency trading management. It has been functioning for a couple of years now and hosts thousands of traders. The platform can be used in different ways, depending on what users want. Some 3Commas users prefer to follow successful traders’ portfolios and actions. Others choose to customize different strategies and fully automate their trading activity.

Cryptohopper is a similar platform powered with trading bots and technical indicators. It emerged on the market at approximately the same time and gained a decent amount of popularity. Like most pre-programmed software, it requires some human involvement for configuration, but then it is capable of trading on your behalf. Cryptohopper works on a subscription basis as well and allows traders to spend less time at a trading terminal.

In this comparison article, we will closely examine 3Commas and Cryptohopper to see which one is worth your attention and your money.

1. Pricing and Plans

 

Overall
Cryptohopper starts at a lower price tag but gets significantly higher as you move up the pricing tiers. The 3Commas Pro package is particularly affordable in this regard.
  Cryptohopper 3Commas
Starter package $16.58/Month From $22/Month
Intermediate package $41.58/Month From $37/Month
Pro package $83.25/Month From $75/Month

CryptoHopper Prices

CryptoHopper Pricing
Hopper pricing and plans

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
  1. The medium package adds
    • More positions, currencies, and triggers
    • TA with 5min interval
    • Exchange arbitrage
  1. 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.

 

 PROS   CONS 
  • Bot available in the starter plan
  • 7-day free trial
  • High pricing for most plans
  • Limited features in the trial version

3Commas Prices

3commas pricing
3Commas pricing and plans

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
  1. 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
  1. 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.

 PROS   CONS 
  • Affordable starter pack
  • No registration fees
  • Trial for a Pro version
  • Limited functionality in the starter plan

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

Overall
Trading bots tend to be more dependable than people but 3Commas has a better reputation when it comes to stable profits.

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.

 PROS   CONS 
  • Decent potential profits
  • Bug-prone

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.

 PROS   CONS 
  • Low average risk
  • Many reported success stories
  • Slight room for errors

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

Cryptohopper: 6/10

3Commas: 7/10

3. Ease of Use

Overall
It might take beginners a while to figure out how Cryptohopper works.

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. 

 PROS   CONS 
  • Smooth desktop experience
  • Complicated for first-time users
  • Poor mobile device support

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.

 PROS   CONS 
  • Simple interface
  • Quick setup
  • No night mode

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

Overall
Both services have some major exchanges but 3commas users have a wide choice and, by extension, more cryptocurrencies to pick.

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.

 PROS   CONS 
  • Some major exchanges are presented
  • More options to come
  • Not enough exchanges currently

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.

 PROS   CONS 
  • Wide range of exchanges
  • Quick connection in a few clicks
  • None found

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

Overall
There are no guarantees everyone will make a profit, but both bots have shown they can increase traders’ funds with great success.

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.

 PROS   CONS 
  • High returns on investments
  • Adequate risks
  • 0.5% transaction fee

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.

 PROS   CONS 
  • Frequent good trading opportunities
  • 1% to 10% profits
  • Occasional losses

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

Overall
Both bots can successfully operate with off-the-shelf as well as custom 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.

 PROS   CONS 
  • Marketplace with many strategies
  • User-rated lists
  • Exposure to unprofitable strategies

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.

 PROS   CONS 
  • Wide array of strategies
  • Multiple tools to boost pre-made strategies
  • Risks from trial and error

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

Cryptohopper: 8/10

3Commas: 8/10

7. Operating Systems

Overall
We did not find significant differences in how these services work. Cryptohopper and 3Commas alike have mobile apps that allow you to trade anywhere.

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.

 PROS   CONS 
  • Smooth operation on all platforms
  • Intuitive app interface
  • None found

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.

 PROS   CONS 
  • No bugs foundFull functionality on mobile and desktop
  • Lags in desktop app

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

Overall
Cryptohopper shows in more detail how they ensure user security whereas 3commas security protocols are explained with less clarity.

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.

 PROS   CONS 
  • SSL secured communication channel
  • Personally identification information is not required
  • Use of cookies by advertisers

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.

 PROS   CONS 
  • No reports of breaches or fraud
  • 2FA, IP detection and other security measures
  • Unclear information

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

Overall
With 3commas, you have minimal risk of on getting updated in time, which means you are more likely to react to sudden market changes and save your money.

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.

 PROS   CONS 
  • Alerts on multiple channels
  • Many reported bugs and delays
  • No messenger integration for updates

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.

 PROS   CONS 
  • Timely notifications on market updates
  • Private updates through Telegram
  • Alerts can execute one function only

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

Overall
User issues should be quickly resolved by both services but Cryptohopper seems to have a more useful Support Section.

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.

 PROS   CONS 
  • Comprehensive support section
  • Quick responses
  • Not all accounts are active

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.

 PROS   CONS 
  • Multiple educational articles
  • 24/7 support
  • Occasional confusing translation
  • Less structured material

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

Overall
Both tools offer considerable community support for traders of all levels.

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. 

 PROS   CONS 
  • Active social media groups
  • Multiple supported languages
  • No drawbacks

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.

 PROS   CONS 
  • Many ways for traders to communicate
  • Community support for beginners
  • None found

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

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

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

Cryptohopper VS 3Commas: The Verdict

Pricing and plans – 3Commas

Reliability – 3Commas

Ease of use – 3Commas

Exchange platforms – 3Commas

Profitability – Tie

Trading strategies – Tie

Operating systems – Cryptohopper

Privacy and security – Cryptohopper

Updates – 3Commas

Help and support – Cryptohopper

Communities – Tie

Features – 3Commas

Overall rating

Cryptohopper: 7.4/10

3Commas: 8/10

After reading through thousands of reviews and testing both services, we have formed a firm opinion on which one is the best. Judging by our ratings alone, 3Commas gains the lead in more categories than Cryptohopper. You will achieve some level of success by using either of the services. But if you want to have a wider choice of exchanges and cryptocurrencies, reliable features and a flawless user experience, 3Commas should be your top pick.

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