3Commas vs Cryptohopper: Which is Best Crypto Trading Bot Platform?

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3Commas vs Cryptohopper: Which is Best Crypto Trading Bot Platform?

3Commas vs Cryptohopper: Which is The Best Crypto Trading Bot Platform in 2022?
Automated trading platforms or 'bots' have become a popular way to trade cryptos. Instead of having to watch the crypto markets, and look for entry and exit opportunities, crypto trading bots do most of the work. Cryptohopper and 3commas have emerged as two of the most popular trading bots in the marketplace, and they both offer great tools for trading cryptos.
Cryptohopper and 3commas offer many similar tools and both charge a fee to use their services. If you want to see a quick rundown of the similarities and differences between the two platforms, just skip down to the next section.
It is impossible to say which platform is better in an objective sense. Both Cryptohopper and 3commas give users a range of automated tools to choose from, and both will make trading crypto a lot easier.
Have a look at what Cryptohopper and 3commas do, and see if either one would make a good addition to your trading toolkit.
Also take a look at our complete Trading Bots guide where we go into more detail about how these platforms work and provide some more options.
Cryptohopper vs 3Commas.
Cryptohopper and 3commas both work from an API key that will allow the platform to make transactions on your behalf at a number of popular crypto exchanges.
Both platforms have a lot in common and will provide the following features:
Cloud-based platform for 24/7 connectivity Fee-based service Work with a range of crypto exchanges via an API key Automated trading options Long/short trading with limit orders User-friendly trading interface Marketplace for Purchasing third-party bots & signals.
Cryptohopper: The Rundown.
Depending on how you choose to define a trading bot, Cryptohopper may or may not fit that definition. Cryptohopper is a great trading platform that offers advanced trading tools, as well as signaling and backtesting tools that professional traders use regularly.
Cryptohopper lets its clients use a cloud-based platform that can manage numerous crypto positions on 8 major crypto (officially supported) exchanges. The exchanges that officially support Cryptohopper are:
KuCoin Binance Coinbase Pro Bittrex Poloniex Kraken Huobi Bitfinex.
Cryptohopper supports 75 tokens according to its website, so clients won't have any trouble finding a token pair to trade.
How Cryptohopper Works.
Cryptohopper will allow its clients to use a range of semi-automated trading tools on supported exchanges. Once it is configured by a user, the Cryptohopper bot will trade automatically on exchanges with a client's account.
The platform also features trading signals that can help you decide if you want to enter or exit a position. In addition to automated trading, Cryptohopper also has social trading functionality that will let traders work together to profit.
Cryptohopper Tools.
Cryptohopper will allow you to set up buying and selling parameters on any of the crypto exchanges that support its platform. The triggers that you decide to use can be configured to work in any market conditions, but the platform doesn't really offer a fully automated trading algo.
Cryptohopper has the following order types/trading tools:
Trailing Stop Loss - When a position moves in your favor, it can be a good idea to use a stop loss order that adjusts itself to the market, so that some of the gains will be a sure thing. A trailing stop loss does this for you, and Cryptohopper has it as a standard feature on its platform Searching for  crypto bot Targets - One of the reasons why traders use automated tools is because they simply can't be at a trading terminal 24/7. Cryptohopper will be at every exchange, all the time, looking to open or close a position when the market moves to a level that you determine. This is extremely handy for traders who aren't able to make trading a full-time job but have a good idea of the positions they want to take. Reserved Funds - If you want to make sure there is always something saved-up in your account, Cryptohopper has a reserved funds tool that lets you set aside a given amount of tokens. This may or may not be a useful feature for your individual style of trading, but it is a nice tool to have available. Scalp Trading - Scalp trading (or 'scalping') is a way to make money quickly off of small market movements. Cryptohopper has automated the scalping process, and the platform will scalp on your behalf along parameters you decide. Positive Pair Trading - The trend is your friend,  Kucoin and Cryptohopper has created a positive pair trading tool to help find the best opportunities for making a winning trade. Cryptohopper's positive pair tool will look for any tokens pairs that have been performing well over the last 24 hours, and enter those markets. Triggers - The crypto markets can move quickly, and Cryptohopper's triggers allow you to get in on the action. You can set up triggers to buy or sell short any of the tokens that Cryptohopper supports, and make a trade when the market moves in the direction you think it will take. Short Selling - Selling a token short means that you will be able to profit from a fall in its value, and Cryptohopper has created the ability to sell a token short when a trigger point it hit. You can also set up a level where the position would be closed,  Kucoin and  crypto bot your profit locked-in. Dollar Cost Averaging - When you buy a larger position in smaller increments, the amount that the overall position cost to buy changes. This is called dollar-cost averaging, and Cryptohopper has built a dollar-cost averaging tool into its trading platform. There are many ways to use dollar-cost averaging, and you can learn more about it on Cryptohopper's website. Signalers - Cryptohopper allows third-party traders to act is signalers as a part of its social trading network. You are able to see the kind of trading track record that a signaler has, and trade your tokens with them. Of course, past trading success is no guarantee of future returns, but it is a nice option if you want to use the insights of other traders to potentially profit!
Cryptohopper Pricing.
Cryptohopper has a three-tiered pricing model that also allows you to demo the lowest tier for a week at no cost.
Pioneer Plan: Free Trial for  kucoin 7 Days - The Explorer hopper plan is free to use for seven days. Explorer: Starter package ($19 Per Month) - The starter packagae will cost $19 USD per month. This plan will give you the ability to manage 80 positions chosen from up to 15 tokens, with technical analysis applied every 10 minutes. You will also be able to set-up 2 triggers with this plan. Adventure: Trader Plus Package ($49 Per Month) - The Adventure Hopper plan is Cryptohopper's mid-range plan, and it will cost you $49 USD per month. This plan boosts the number of positions to 200 and lets you trade in 50 different tokens. You will also get technical analysis applied every 5 minutes, and be able to use 5 triggers. Hero: Pro Trader Package ($99 Per Month) - The Hero Hopper plan is the top-of-the-range offering from Cryptohopper. It allows you to manage up to 500 positions selected from 75 tokens. You will be able to use 10 triggers and receive technical analysis every 2 minutes, and it costs 99 USD per month.  Here is more information in regards to crypto trade bot look into our website. The Hero Hopper plan also adds altcoin signals to the rest of the features.
If you want to learn more about Cryptohopper, please check out our in-depth review right here.
Is Cryptohopper a Better Platform?
If you are looking for a platform that can manage your crypto trading, Cryptohopper could be a good choice.

Source: 3Commas vs Cryptohopper: Which is Best Crypto Trading Bot Platform?

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