The use of bots in their environment is only increasing from day to day. Most crypto traders can only work through bots, according to professionals.
Since markets are getting fast, it is not easy to make traders react instantly to any fluctuations in the market. Because the cryptocurrency markets are quite volatile, even a minimal delay can make the difference between a profit and a loss.
Every day, traders overcome this obstacle with the help of cryptocurrency trading bots. These bots automate buy and sell orders based on predetermined strategies.
Bitsgap vs 3Commas are currently two of the more popular bots in the cryptosphere.
Bitsgap combines everything. The platform was created in 2017 and is headquartered in Estonia. Besides it has a huge number of clients because it has become popular due to its services such as: arbitrage trading, automated bots, cloud trade terminal and platform portfolio management services along with additional features. The company is revolutionizing the way crypto-assets are traded with the concept of high volume.
On the other hand, 3Commas also was founded in the year and is headquartered in Toronto. It has more than 220 thousand users registered all over the world and it offers them things like auto bots, smart traders, a trading station, market signals and more.
In summary, Bitsgap is a smart bots trading platform with multiple types of bots such as net bots, arbitrage bots, etc. She works with different exchanges and helps you place advanced orders. The 3Commas, like Bitsgap, is a suite of automated cryptocurrency trading tools.
Let’s compare crypto-bot trading platforms bitsgap vs 3commas and decide which one is better for you to go with.
Supported Exchanges: Bitsgap vs 3Commas
Bitsgap and 3Commas support various cryptocurrency exchanges. At the time of writing, Bitsgap works with more than 25 cryptocurrency exchanges.
Among them:
- Binance;
- OKEX;
- KuCoin;
- Kraken;
- FTX;
- Bitfinex;
- Huobi;
- Coinbase Pro;
- Bittrex;
- HitBTC;
- CEX.io;
- Poloniex;
- Bitstamp;
- Coinbene;
- Gemini;
- Gate.io;
- Liquid;
- LBANK;
- The Rock;
- EXMO;
- Bit-Z;
- Bithumb and Bibox.
Cryptocurrencies Comparison
Bitsgap’s website does not specify which cryptocurrencies and trading pairs it supports. However, it certainly supports all major cryptocurrencies such as:
- BTC
- ETH
- XRP
- USDT and others.
3Commas supports 23 cryptocurrency exchanges. These include:
Binance, BitMex, Bitstamp, Kraken, Bittrex, Coinbase and FTX. 3Commas also does not mention the cryptocurrencies and pairs it supports.
However, other resources say it supports all major cryptocurrencies.
Trading Tools
Bitscap as well as 3Commas are quite different in their platforms and features. So let’s take a look at a thorough comparison of these two trading systems and the opportunities they provide.
With Bitsgap, it is a full cryptocurrency trading platform with a complete set of features and functions.
The 3Commas also has a robust trading platform with full features to pick from. If you want automated or portfolio management, then 3Commas will get you everything you need.
The following is a detailed overview of the features available on the platforms.
naughtycrypto.io
Platforms Features
For Bitsgap it is:
Trading
With Bitsgap, you have a special terminal based on TradingView. So you can connect to more than 25 exchanges and start trading. Your Bitsgap trading platform offers several interesting features such as 100+ indices, 50+ charting tools, 12 customizable chart styles, trade imaging, multiple order types and much more.
Bots
At Bitsgap, you can use the automated cryptocurrency trading with the help of your trading bots. With the help of these bots, one can automate their trading strategy and earn passive income. These bots work with all of the exchanges mentioned earlier.
Signals
The Bitsgap has a robust algorithm that analyzes over 10,000 cryptocurrency pairs every second to identify trading opportunities. The platform sends you signals so you can take advantage of these opportunities and become profitable.
Arbitrage
Arbitrage is a popular cryptocurrency trading technique where you can use price differences on different exchanges to make profits. The Bitsgap arbitrage tool allows you to buy and sell the same cryptocurrency on different exchanges and profit from price differences.
Portfolio
If you’re here for the long haul, Bitsgap lets you build your portfolio and track the performance of over 1,800 cryptocurrencies. You can access an easy-to-use dashboard to manage all your crypto holdings from one place. A portfolio is a free feature available on all plans.
3Commas includes:
Smart Trading
SmartTrade is 3Commas’ proprietary trading platform that allows you to integrate exchanges and trade cryptocurrencies. You can set simultaneous take profit and stop loss, track your stop loss, and sell on multiple targets.
TradingBot
3Commas comes with top-notch automated trading features. It has single-pair bots that run one trading pair at a time, and multi-pair bots that run multiple trading pairs at once.
Portfolios
Are you looking for an investment tool to help you better manage your portfolio? 3Commas lets you do just that. With 3Commas, you can create a portfolio with any number of coins. The portfolio feature also allows you to view your earnings, maintain your coin ratios, and copy and edit those ratios.
Marketplace
3Commas has a special marketplace feature where you can get trading signals from Crypto Quality Signals Premium, Cartelsignals, and other sources. You can use these signals to trade manually or integrate them with bots to automate trading.
TradingView Integration
3Commas has charts and trading tools from TradingView. You can view several types of charts and use hundreds of indicators to make informed trading decisions and improve the accuracy of trading bots.
Pricing Plans & Subscription Structure Comparison
Both Bitsgap and 3Commas are solutions that offer subscription-based pricing models. They have monthly plans, and you can subscribe every month.
Bitsgap has three pricing plans: Basic, Advanced, and Pro.
All Bitsgap plans include support for 25+ exchanges, an automated portfolio, different order types, ready-made trading strategies, 175+ TradingView indicators, and a demo practice mode. You can pay with VISA, MasterCard, and 50+ cryptocurrencies.
Bitsgap also offers a 14-day free trial on all three plans. You can use any plan for 14 days without entering your credit card information.
3Commas, on the other hand, has four plans.
3Commas offers a flat 50% discount on all plans if you take an annual subscription. Consequently, you can get Starter, Advanced, and Pro plans for $14.5, $24.5, and $49.5 per month, respectively.
Finally, 3Commas offers an on-demand Enterprise plan, where you can ask the 3Commas team to create a customized solution for you. You’ll need to contact the team for Enterprise plan pricing information.
Bitsgap pricing:
- Basic: The Basic plan comes with two active trading bots, grid bots, and unlimited smart orders. It is priced at $29 per month.
- Advanced: The Advanced plan includes five active trading bots, futures bots, up/down trailing bots, and all other features available in the Basic version. It is priced at $69 per month.
- Pro: The Pro plan includes 20 active trading bots, take-profit bots, and all other features available in the Advanced version. It is priced at $149 per month.
In addition, you can save 17% on each plan. Consequently, you can get Basic, Advanced, and Pro plans for $24, $57, and $123 per month respectively.
Pricing at 3commas.
- Free: The Free plan includes one active SmartTrade, one DCA bot, one Grid bot, one Options bot, and an unlimited scalper terminal.
- Starter: The Starter plan includes everything in the free version as well as unlimited active SmartTrades, unlimited scalper terminal, and paper trading. It is priced at $29 per month.
- Advanced: The Advanced plan includes everything in the Starter plan as well as unlimited DCA bots. The price is $49 per month.
- Pro: The Pro plan includes everything in the Advanced plan as well as unlimited Grid and Options bots. It is priced at $99 per month.
All 3Commas plans support 18 exchanges, TradingView integration, portfolio management, mobile apps, and 20+ other trading features.
naughtycrypto.io
Customer Support
Both Bitsgap and 3Commas have satisfactory customer support. Let’s do a comparison between the two right now.
Bitsgap offers support and service mostly by email. You can email them at [email protected].
3Commas also offers support and customer service mostly via email. You can email them at [email protected]. 3Commas has an extensive knowledge base and FAQ section where you can find answers to almost all common questions.
Product Security
The security features of Bitsgap and 3Commas are very similar
Like other automated trading platforms, Bitsgap connects to exchanges via APIs and does not take over the storage of your funds. Consequently, the platform only needs to securely store API keys, which it does just fine. What’s more, a hacker can’t access your cryptocurrencies and funds even if he gets the API keys.
Like Bitsgap, 3Commas connects to other exchanges via APIs, and no money is transferred directly to 3Commas. Thus, both platforms have good security with negligible risk.
Recommended from Naughty Crypto: Bitsgap vs Classic bot Comparison
Strategies and Profitability
Bitsgap and 3Commas allow you to deploy different strategies. Bitsgap supports two strategies:
- Grid Bot: The Grid Bot allows you to place a series of orders in both price directions and profit on a sideways marketplace.
- Combo Futures Bot: This bot combines a grid bot with a dollar cost-averaging bot (DCA). DCA bots regularly buy a fixed amount of cryptocurrency, so you get a better entry price. A combo futures bot combines a DCA bot and a grid bot to increase your chances of profitability in a sideways market.
It’s hard to analyze the profitability of a Bitsgap cryptocurrency trading bot. However, Bitsgap bots have an advantage over other bots. These bots can automatically set and monitor stop losses. That way, you can reduce your risk of loss if things go bad.
Your Bitsgap profits depend on several factors like initial allocation, risk/reward profile, current market volatility, macroeconomic situation beyond crypto, and more. Bitsgap can be as efficient as other crypto trading bots
When compared to Bitsgap, 3Commas supports more strategies. These include:
- DCA bots: As mentioned, DCA bots buy cryptocurrencies for the same fiat amount at regular intervals.
- Grid bots: Like Bitsgap, 3Commas has grid bots that help you create a grid of orders and profit on the sideways market.
- Options Bots: Options bots automate options trading on various exchanges. You can easily implement strategies such as strategies, short straddles, hedging, and butterflies.
While many users have been able to consistently make good profits from 3Commas, it depends solely on the strategies you use and how you implement them.
Recap: Pros and Cons
Let’s summarize and compare the figures:
Pros of Bitsgap
- Simplicity and ease of use
- Efficient trading bots
- Free trial plans
- Free plan available
- Arbitrage strategies and market signals
Bitsgap Cons
- A limited number of trading bots
- Plans are a bit pricey
- Try BitsGap now
3Commas Pros
- Lots of bots to choose from
- Copy-trading
- Paper trading
- Different features
- Responsive and easy-to-use interface
Cons of 3Commas
- Plans are expensive, especially monthly plans
This detailed Bitsgap vs 3Commas comparison addresses many aspects of each bot, and Bitsgap is a good trading bot for some traders. On the other hand, 3Commas features more tools for newbies and experts alike.
Recommended from Naughty Crypto: Bitsgap vs Quadency Comparison
Conclusion
The first step in automated cryptocurrency trading is to find the right bot. With so many bots available, finding one that fits your needs can be difficult. Bitsgap and 3Commas are great bots to get started.
Both bots are great for beginners and professional traders and there is no clear winner. If you want more bots and features, you can choose 3Commas. However, 3Commas is also a bit pricey.
If you’re looking for an affordable, easy-to-use automated trading solution with all the features you need, you can choose Bitsgap.
Overall, both Bitsgap and 3Commas are good, and the choice of the bot should depend on your budget and trading requirements.