Contrary to what some might think, crypto trading bots are not a recent innovation. Traditional financial markets have been using automated trading bots for years, and research shows that up to 80% of the US stock market is done by automated trading algorithms.
The fact that the cryptocurrency market is 100% digital and open 24/7 makes trading bots all the more appealing to investors because they help make sure they don’t miss out on lucrative opportunities and stay on top of current trends.
Table of contents
- About the Platforms
- 3Commas vs HaasOnline: Pricing
- 3Commas vs HaasOnline: Trading Features
- HaasOnline vs 3Commas: Security and Privacy
- Supported Exchanges
- HaasOnline vs 3Commas: Customer Support
- 3Commas vs HaasOnline: Conclusion
- 3Commas and HaasOnline Alternatives
About the Platforms
The HaasOnline company was launched in 2014 by founder and CEO Stephan de Haas. Together with his team of dedicated experts, they’ve created an advanced trading platform that houses several powerful pre-built automated trading bots.
By using their automated algorithms, both retail investors and day traders can configure winning trading strategies. Using a wide variety of technical indicators across a number of crypto exchanges, they can make hundreds of successful trades in one day from a single platform.
In the past, users had to download and install HaasOnline TradeServer (HTS) on their computers or servers in order to use the crypto bots powered by HTS. To complete this process, there was technical overhead that some users do not possess. This year, the platform launched the HaasOnline Cloud beta version, which will simplify the process and allow users to run industry-leading trading bots like never before.
HaasOnline features a full-range of crypto trading bots to choose from based on a few trading plans (more on that below!). The list includes Accumulation Bot, Advanced Index, Crypto Index, Flash Crash, Mad Hatter, Market Making, Ping Pong, Scalper, Trend Lines, a Zone Recovery Bot, and more.
All the bots follow signals generated from technical indicators very closely and apply different trading strategies to help you score the best profit. The Flash Crash Bot, for example, generates better selling and buying prices in a volatile market. The Mad Hatter, another popular bot, modifies three indicators (Bollinger Bands, MACD, and RSI), which must be in agreement for the bot to execute an order.
The 3Commas platform was founded in 2017 by current CEO Yuriy Sorokin with the aim to cut down the time spent on observing the market and placing orders by introducing automated trades. 3Commas is a cloud-based platform which means users can simply access it online without downloading the whole interface.
As a leading competitor, 3Commas provides one of the most popular bots on the market, portfolio management tools, trading strategies, and risk management solutions that can predict possible scenarios and put the next market movement to your advantage.
The available crypto bot options include the standard one-pair trading Simple Bot and the multiple-pair Composite Bot, a Long Bot for bullish markets, and a Short Bot for bearish ones. There’s also a Deal Close Signals Bot that keeps an eye on TradingView signals as well as Analyze and Copy Bots that copy other users’ trading strategies.
The crypto-asset management platform recently raised $3 million in a Series A financing round led by Alameda Research to be spent on innovative new projects. To some traders this might be a negative as the platform is no longer a neutral provider.
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3Commas vs HaasOnline: Pricing
HaasOnline offers plans for their current product which is available in three, six, or 12-month plans. You can choose between a Beginner, Simple, or an Advanced Plan. There’s also a discounted 14-day trial, so in case you aren’t satisfied with the features you don’t have to commit to a full payment.
This plan is best for crypto novices and costs about $200 for three months and is priced in Bitcoin. You get ten trading bots, access to eleven insurance and ten safeties, over 20 indicators, restricted core features, support for 22 exchanges, chat and ticket support, and a $100 VPS credit.
Ideal for growing investors, this plan costs about $350 for three months and is priced in Bitcoin and gives you access to 20 trading bots, 13 insurances, 20 safeties, over 40 indicators, and a visual editor on top of the Beginner features.
If you’re an experienced trader, you can purchase this plan for about $500 for three months and enjoy unrestricted trading bots, insurances, safeties, and indicators.
Similarly, 3Commas offers three subscription packages.
This beginner-friendly package costs $14.50 per month or $174 per year and gives you access to spot, futures, take profit, and stop-loss orders.
This plan costs $24.50 or $294 per year and is recommended to seasoned traders.
You can purchase the Pro package for $49.50 per month or $594 annually and enjoy margin trading, Bitmex and Binance Futures bots, and a GRID bot.
3Commas vs HaasOnline: Trading Features
The three main trading features provided by HaasOnline are insurances, safeties, and technical indicators. Insurances are special conditions that help traders gain more/lose less (e.g. Never Buy Higher, Overcome Fee Costs, Trade Only Sideways); safeties produce buy/sell signals so you won’t miss a profitable market change, while indicators observe market movements.
On HaasOnline, you can use their backtesting engines to test the accuracy and impact of various trading strategies in previous bear, bull, and sideways markets. You can use historic data up to 56-weeks old.
3Commas lacks backtesting and instead offers a social copy trading feature that allows traders to monitor the trading actions of successful investors and use the same strategies for your bot. The platform also features take-profit and stop-loss orders, which are commonly used by investors.
These orders let traders set price limits that should either close the order and lock in the profit or stop further losses. You can combine these orders with 3Commas’ Trailing Stop tool that keeps your order open when you reach the price limit to capitalize on additional profits if the coin’s price continues to move in your favor.
HaasOnline vs 3Commas: Security and Privacy
HaasOnline and 3Commas take great care to provide a safe and private trading environment for their users. They apply two-factor authentication, notification alerts, and API key-based authentication in the case of 3Commas.
While registering with HaasOnline, you don’t have to disclose personal information to purchase their products. They only ask for your email address and accept Bitcoin payments exclusively as a more private alternative.
The HaasBot can be integrated with over 26+ exchanges: Binance, Binance Futures, Binance.us, Bitfinex, BitMEX, Bitpanda Pro, Bitstamp, Bittrex, Cex.io, Coinbase Pro, Deribit, Gemini, HitBTC, Huobi Global, Ionomy, Kraken, Kraken Futures, KuCoin, OKCoin, OKEX, OKEX Futures, and Poloniex.
In comparison, 3Commas supports Binance, Bybit, BitMEX, Deribit, Bittrex, Binance DEX, Binance Jersey, Binance US, Bitfinex, Bitstamp, CEX.io, Coinbase Pro, Exmo, FTX, Gate.io, HitBTC, Huobi, Huobi Russia, Kraken, Kucoin, OKEX, Poloniex, and YoBit.
HaasOnline vs 3Commas: Customer Support
If you have any complaints or queries, you can contact the platforms via a support ticket. The wait time doesn’t take more than 48 hours and in the meantime, you can explore the platforms’ extensive documentation, FAQ sections, educational guides, and tutorials.
HaasOnline has built a strong social media presence because they like to keep their users up to date with services. You can easily find them on Facebook, Youtube, Twitter, LinkedIn, and Discord.
3Commas vs HaasOnline: Conclusion
In conclusion, both HaasOnline and 3Commas have had a trailblazing role in promoting automated crypto trading bots.
For novices who want to test the crypto waters, 3Commas has some beginner-friendly options such as social trading or analyze and copy bots that let you follow in other investors’ footsteps. If you’re an experienced trader or institutional investor in the crypto industry, HaasOnline offers a much wider range of trading features, customizable crypto bots, and scripting language HaasScript that can be tailored to execute any number of strategies.
3Commas and HaasOnline Alternatives
- Quadency, a crypto trading automation platform launched in 2018. It brings you a smarter way to trade and manage your crypto. Also, read our Quadency review.
- Bitsgap, a one-stop crypto trading platform that caters to all your trading needs. It allows its users to bring all their crypto-exchange accounts under the same roof and trade from an integrated interface. Read our Bitsgap review.
- Pionex, If you’re a crypto trader who loves using crypto trading bots, Pionex will be your first choice. Pionex provides simple tools for trading automation. Read our Pionex review.