Battle of the Bots: 3Commas vs. Bitsgap vs. CryptoHopper A Comprehensive Review

The cryptocurrency market is a volatile and unpredictable place, making it difficult for traders to consistently make profits. However, there is a tool that can help traders automate their trading strategies and take advantage of market opportunities 24/7: a crypto trading bot.

In this comprehensive review, we will compare three of the most popular crypto trading bots: 3Commas, Bitsgap, and CryptoHopper.

We will discuss their features, pricing, pros and cons, and help you decide which one is the right choice for you.

So whether you are a beginner or a seasoned trader, read on to learn more about these powerful tools and how they can help you take your trading to the next level.

3Commas
3Commas is a popular crypto trading bot platform that offers a wide range of features, including:

Automated trading: 3Commas allows you to automate your trading strategies, so you can trade 24/7 without having to constantly monitor the market.
Copy trading: 3Commas also offers a copy trading feature, which allows you to copy the trades of other successful traders.
Trading signals: 3Commas also offers a trading signals service, which provides you with buy and sell signals based on the analysis of technical indicators.
Backtesting: 3Commas allows you to backtest your trading strategies, so you can see how they would have performed in the past.

Pros:

Wide range of features
Easy to use
Good customer support
Backtesting functionality

Cons:

Can be expensive
Not as many supported exchanges as some other platforms

Bitsgap
Bitsgap is another popular crypto trading bot platform that offers a similar range of features to 3Commas. However, Bitsgap also has some unique features, such as:

Arbitrage trading: Bitsgap allows you to trade between different exchanges to take advantage of price differences.
Portfolio management: Bitsgap allows you to manage your entire crypto portfolio from one platform.
Social trading: Bitsgap allows you to connect with other traders and share trading ideas.

Pros:

Wide range of features
Arbitrage trading
Portfolio management
Social trading

Cons:

Can be complex to use
Customer support can be slow

CryptoHopper
CryptoHopper is a more beginner-friendly crypto trading bot platform than 3Commas or Bitsgap. It offers a simpler interface and a more limited range of features. However, CryptoHopper is still a powerful tool that can help you automate your trading and make more profits.

Pros:

Simple to use
Affordable
Good customer support

Cons:

Limited features
Not as many supported exchanges as some other platforms

Monthly Subscription Plan
When comparing the monthly price packages of Bitsgap, 3Commas, and other platforms, it becomes evident that each platform offers distinct advantages and pricing structures tailored to various trading needs.

Bitsgap’s monthly subscription plan is the highest at $149 per month and 3commas at $99/mo as compared to other trending platforms out there like Trading Machine AI which is only $97 per month.

Which platform is right for you?
The best crypto trading bot platform for you will depend on your individual needs and preferences like the Trading Machine AI. But the biggest problem with 3Commas, Bitsgap and Cryptohopper is that you have to become smart at trading, run 100s of experiments, and be willing to accept drawdown because these platforms are based on the concept of DCA and grid bots.

Both DCA and grid bots are not as optimal as using AI to trade for you with better use of capital on each position size and less drawdown. Why?

With a DCA or grid bot strategy, if the price goes against you, it buys more, but that only works on assets that will recover in price, like BTC, but for crappy altcoins, it would be stupid to just buy more and more as the price goes against you because it could just go down 80% and stay down for years and never recover.

So DCA strategies only work on basically the top 10 coins and it’s still flawed because you have to be willing to accept drawdown and hold on to positions for 6 months if need be. That’s a long time, and not a really good strategy for traders that know what they are doing.

It’s more efficient to use your cash and get in and out quickly, like what the Trading Machine AI algorithm does. It takes shorts as the market is going down, and longs as it’s going up, and both when the market is sideways, scalping quick returns in a sideways market. That way you make money in all 3 market types. Here is an example of just one backtest result on ETH from TradingMachine.AI

Trading Machine AI allows you to compete against hedge funds without having to make any trades yourself. Here are some of the key features of Trading Machine AI:

Automated trading: The platform allows you to automate your trading strategies, so you can trade 24/7 without having to constantly monitor the market.
High win rate: The platform’s algorithm has been backtested over several years of historical data and has consistently achieved a win rate of 80% and above.
High profit factor: The profit factor, which is a measure of the average profit per trade divided by the average loss per trade, is also very high, reaching up to 6x.
Scalable: The platform can be used to trade a variety of cryptocurrencies and can be scaled to meet your trading needs.
Easy to use: The platform is easy to use, even for beginners.

If you are looking for a powerful and reliable automated trading platform, Trading Machine AI is a good option to consider. However, it is important to do your own research before investing any money. You can checkout some backtest results of Trading Machine AI here.

Ultimately, the best way to decide which platform is right for you is to try them out for yourself. All three platforms offer free trials, so you can test them out and see which one you like best.

TradingMachine.AI offers the longest free trial of all platforms, a full 30-day 100% free trial.