3Commas and Cryptohopper automate the trading cycle and allow users to make steady profits. In this article, we will compare Cryptohopper vs 3Commas and show their advantages and disadvantages.
Table of Contents
What is 3Commas?
3Commas is a non-custodial trade automation platform in crypto launched in 2017 by Yuriy Sorokin, Egor Razumovsky, and Mikhail Goryunov. The crypto trading bot service, headquartered in Tallinn, Estonia, is one of the market leaders in its sector, currently serving more than 220,000 active monthly users across the world.
According to its founders, 3Commas was created to help solve the problem of trading cryptocurrency across multiple digital platforms. The service enables users to manage trades and portfolios on more than 18 supported exchanges and more than 2,000 crypto trading pairs.
What is Cryptohopper?
Cryptohopper was created by Rudd Feltkamp in September 2017. It is a trading bot that claims to help traders leverage trading opportunities in the cryptocurrency markets.
You can also automate your trades on mobile using the Cryptohopper app. The software conducts investment analysis and automatically positions trades in auto trading.
When it comes to semi-automated trading, this app copy and suggest strategies from the best crypto traders. This method is known as copy trading, and people widely use it in forex and stock trading.
CryptoHopper vs 3Commas: Subscription & Pricing
CryptoHopper Pricing
3Commas Pricing
CryptoHopper vs 3Commas: Reliability
Trading bots are generally more efficient than humans, but 3Commas have a great reputation for steady profits.
Is Cryptohopper reliable?
Both platforms have the privilege of being more trustworthy than regular people. Cryptohopper, however, is allegedly vulnerable to glitches, bugs, and crashes, which jeopardize the earnings.
Is 3Commas reliable?
Yes, 3Commas is reliable. In terms of reliability, 3Commas has been in operation since 2017 and has established itself as a reputable and reliable trading platform. The platform is used by thousands of traders around the world, and it has received generally positive reviews from its users.
CryptoHopper vs 3Commas: Exchange Platforms
Both trading bots have some major exchanges but Cryptohopper users have a wide choice and, by extension, more cryptocurrencies to pick.
Cryptohopper Supported Exchanges
Currently, 11 crypto exchanges are compatible with Cryptohopper. The list includes KuCoin, Kraken, Coinbase Pro, Binance, Bittrex, and some others. While it is appropriate for certain traders, it can restrict those who wish to fully increase their holdings.
| PROS | CONS |
|---|---|
| Major exchanges are presented | Missing some big players |
| More options to come |
3Commas Supported Exchanges
3Commas supports trading on multiple cryptocurrency exchanges, including Binance, Bitfinex, BitMEX, Bitstamp, Bittrex, Coinbase Pro, Deribit, HitBTC, Huobi, Kraken, KuCoin, OKEx, and Poloniex. . You can link via API and before linking them, check what features your exchange of preference supports.
| PROS | CONS |
|---|---|
| Major crypto exchanges | No desktop application. |
| Quick connection in a few clicks |
CryptoHopper vs 3Commas: Trading Strategies
Cryptohopper Strategies
Prefabricated trading techniques provide consumer reviews that have been checked. However, you risk incorrectly configuring them if you want to change it to your liking.
3Commas Strategies
3Commas offers a variety of trading strategies that users can create and automate using the platform’s tools and features. Some of the most popular strategies include the Simple Trading Bot, Composite Trading Bot, Smart Trade, Copy Trading, and Grid Trading
CryptoHopper vs 3Commas: Privacy & Security
Is Cryptohopper safe?
Yes, Cryptohopper is safe and does not store your tokens that prevent user funds from being compromised. The collection, preservation, and analysis of data is always performed in compliance with the most stringent laws.
Is 3Commas safe?
Yes, 3Commas is safe and secure. 3Commas takes security very seriously and has implemented several measures to ensure the safety of its users’ funds and data. The platform uses two-factor authentication (2FA) to help prevent unauthorized access to user accounts, and it also encrypts all API keys and passwords.
CryptoHopper vs 3Commas: Support
Both trading bots have good customers support, but Cryptohopper appears to have a useful support section.
Cryptohopper Support
If users have a problem, they can submit a support ticket that a staff member examines quickly. In addition, you can request help on other Cryptohopper channels or access the FAQ section covering common problems.
3Commas Support
The team will also deal with your problems – you can send a message to the chatbot or an email to support and also ask questions on the Telegram channel. There are also guidelines and the FAQ page written by the team.
Cryptohopper VS 3Commas: Overall Rating
Cryptohopper: 7.4/10
3Commas: 9/10
After reading through thousands of reviews and checking both services, we have established a firm opinion on which one is better. Judging by our scores alone, 3Commas gains the lead in more categories than Cryptohopper, mainly in the generated performance. By using one of the services, you can achieve some degree of success. However, if you like a broader range of crypto exchanges and cryptocurrencies pairs, secure functionality, and a flawless user interface, Cryptohopper should be your top choice.
Frequently Asked Questions
Where is Cryptohopper located?
Cryptohopper is located in Johan van Hasseltweg 18, Amsterdam and was founded in 2017.
How to use Cryptohopper?
Cryptohopper can be used to automate your trading. You can connect your exchange through API keys and set instructions for your bot to do trading. Even with the free account in Cryptohopper, you can make 20 positions in various trades, manage your portfolio and connect all exchanges.
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