The use of bots in crypto trading is on the rise, and for the right reasons. Research shows that a whopping 86% of crypto trading is done by bots.
With the crypto markets becoming so fast-paced, it’s not easy for traders to react quickly to subtle market changes. Since Cryptocurrency markets are so volatile, even a second of delay can be the difference between profit and loss.
Traders are overcoming this hurdle with the help of crypto trading bots. These bots automate buying and selling orders based on predefined strategies. Two popular bots in the crypto space are Bitsgap and 3Commas.
Bitsgap is a smart trading platform with multiple bot types, such as grid bot, arbitrage bot, etc. It works with various exchanges and helps you place advanced orders. 3Commas, like Bitsgap, is a suite of automated crypto trading tools.
Let’s compare these two crypto-bot trading platforms and which one you should use.
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Bitsgap Vs. 3Commas: Supported Exchanges & Cryptocurrencies Comparison
Bitsgap and 3Commas support various cryptocurrency exchanges. At the time of writing, Bitsgap works with over 25 crypto exchanges.
These include Binance, OKEX, KuCoin, Kraken, Bitfinex, Huobi, Coinbase Pro, Bittrex, HitBTC, CEX.io, Poloniex, Bitstamp, Coinbene, Gemini, Gate.io, Liquid, LBANK, The Rock, EXMO, Bit-Z, Bithumb, and Bibox.
Bitsgap’s website doesn’t mention the cryptocurrencies and trading pairs it supports. However, it certainly supports all the major cryptos like BTC, ETH, XRP, USDT, and more.
3Commas supports 23 cryptocurrency exchanges at the time of writing. These include Binance, BitMex, Bitstamp, Kraken, Bittrex, Coinbase and FTX. 3Commas also doesn’t mention the cryptocurrencies and pairs it supports.
However, other resources suggest that it supports all the major cryptocurrencies.
Verdict: It’s a tie, as Bitsgap and 3Commas support similar exchanges and cryptocurrencies.
Trading Tools, Strategies, Platform Features Comparison
Bitsgap and 3Commas are quite different in terms of their platforms and features. Let’s look at a comprehensive comparison of the two platforms and the features they offer.
Bitsgap
Bitsgap is a full-fledged crypto trading platform with a comprehensive range of features and functionalities. Here’s a detailed overview of the features available on the platform.
- Trading
Bitsgap has a dedicated trading terminal powered by TradingView. You can connect over 25 exchanges and start trading. Bitsgap’s trading platform offers some exciting features like 100+ indicators, 50+ drawing tools, 12 customizable chart types, trade visualization, multiple order types, and more.
- Bots
Bitsgap lets you leverage automated crypto trading with its trading bots. With these bots, you can automate your trading strategies and earn a passive income. The bots work with all the exchanges mentioned earlier.
- Signals
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 capitalize upon these opportunities and become profitable.
- Arbitrage
Arbitrage is a popular cryptocurrency trading technique where you can exploit price differences across exchanges to earn profits. Bitsgap’s arbitrage tool lets you buy and sell the same crypto pair on different exchanges and make a profit from the price difference.
You can connect multiple exchanges in which you have funds and trade across them simultaneously to earn instant profits.
- Portfolio
If you’re in here for the long term, Bitsgap allows you to create your portfolio and track the performance of over 1,800 cryptocurrencies. You can access the easy-to-use dashboard to manage all your crypto holdings from one place. The portfolio is a free feature available with all plans.
- Demo
Are you new to the crypto realm and want to get a gist of it without risking money? Bitsgap’s demo trading tool can help. You can sign up and set up a demo trading account and trade with demo currency. This way, you can get an idea of how the market works. Once you gain confidence, you can trade with real money.
3Commas
3Commas also has a robust platform with an exhaustive range of features to choose from. Whether you’re looking for automated trading or portfolio management, 3Commas has got you covered.
Let’s look at the features available on 3Commas’ platform.
- Smart Trade
SmartTrade is 3Commas’ proprietary trading platform that lets you integrate exchanges and trade cryptocurrencies. You can set concurrent take profit and stop loss, trail your stop loss, and sell by 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 simultaneously.
Additionally, it has a long algorithm that looks for buying opportunities and a short algorithm that looks for selling opportunities. The bot provides deal close signals as well. You can also analyze and copy bots from your trading dashboard.
- Portfolios
Are you looking for an investment tool that helps you better manage your portfolio? 3Commas lets you do that. With 3Commas, you can create a portfolio with any coin amount. The portfolio feature also allows you to review your incomes, maintain coin ratios, and copy and edit those ratios.
- Marketplace
3Commas has a dedicated marketplace feature where you can receive 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 multiple chart types and use hundreds of indicators to make informed trading decisions and increase the accuracy of trading bots.
In addition, 3Commas has features like real-time alerts, mobile support, and API access that make it an excellent automated trading tool.
Verdict: It’s a tie, as both Bitsgap and 3Commas offer a similar platform with almost the same features.
Pricing & Subscription Structure Comparison
Both Bitsgap and 3Commas are SaaS solutions that offer subscription-based pricing models. They have monthly plans, and you can subscribe on a per-month basis.
Let’s start with Bitsgap first.
Bitsgap has three plans: Basic, Advanced, and Pro.
- Basic: The Basic plan comes with two active trading bots, grid bots, and unlimited smart orders. It’s priced at $29 per month.
- Advanced: The Advanced plan comes with five active trading bots, futures bots, trailing up/down for bots, and all other features available in the Basic version. It’s priced at $69 per month.
- Pro: The Pro plan comes with 20 active trading bots, take profit for bots, and all other features available in the Advanced version. It’s priced at $149 per month.
Additionally, you can save 17% on every plan. Hence, you can get the Basic, Advanced, and Pro plans for $24, $57, and $123 per month, respectively.
Bitsgap also has a 14-day free trial on all three plans. You can use any plan for 14 days without entering your credit card details.
All the Bitsgap plans include support for 25+ exchanges, automatic portfolio, various order types, pre-made trading strategies, 175+ TradingView indicators, and demo practice mode. You can pay using VISA, MasterCard, and 50+ cryptocurrencies.
3Commas, on the other hand, has four plans. Let’s look at these plans and how they compare with Bitsgap.
- 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, along with unlimited active SmartTrades, unlimited scalper terminal, and paper trading. It’s priced at $29 per month.
- Advanced: The Advanced plan includes everything in the Starter plan, along with unlimited DCA bots. It’s priced at $49 per month.
- Pro: The Pro plan includes everything in the Advanced plan, along with unlimited Grid bots and Options bots. It’s priced at $99 per month.
All the 3Commas plans support 18 exchanges, TradingView integration, portfolio management, mobile apps, and 20+ other trading features.
3Commas offers a flat 50% off on all the plans if you take the annual subscription. Hence, you can get the Starter, Advanced, and Pro plans for $14.5, $24.5, and $49.5 per month, respectively.
Lastly, 3Commas offers an on-demand Enterprise plan where you can ask the 3Commas team to build a custom solution for you. You’ll need to contact the team for the pricing of the Enterprise plan.
Verdict: 3Commas is the winner, as it offers similar features for a lower price tag than Bitsgap.
Customer Support & Product Security
Both Bitsgap and 3Commas have satisfactory customer support and security features. Let’s draw a head-to-head comparison between the two.
As with other automated trading platforms, Bitsgap connects to exchanges via APIs and doesn’t take custody of your funds. Hence, the platform needs to safely store API keys only, which it does well. Moreover, a hacker can’t access your cryptocurrencies and funds even if they get the API keys.
Like Bitsgap, 3Commas connects to other exchanges via APIs, and no money is transferred directly to 3Commas. So, both platforms have good security with negligible risks.
Coming to customer support, Bitsgap offers support and service primarily via email. You can write them on [email protected]. Bitsgap also has a Twitter handle, and the team is uncommonly active on Telegram.
3Commas also provides customer support and service mainly by email. You can write them on [email protected]. 3Commas has a comprehensive knowledge base and FAQ section where you can find answers to almost all the common questions.
Verdict: 3Commas is the winner here, as it has a vast FAQ section that can be very helpful for new users.
Bitsgap vs. 3Commas: Strategies and Profitability
Bitsgap and 3Commas allow you to deploy different strategies. Bitsgap supports two strategies:
- Grid Bot: A grid bot allows you to place a series of orders in both the directions of the price and make a profit in a sideways market.
- Combo Futures Bot: This bot combines a grid bot with a dollar-cost averaging (DCA) bot. DCA bots buy a fixed amount of crypto regularly, so you get a better entry price. The combo futures bot combines a DCA bot and grid bot to increase your chances of profitability in a sideways market.
It’s hard to analyze the profitability of Bitsgap’s crypto trading bot. However, Bitsgap’s bots have an advantage over other bots. These bots can set and trail stop-losses automatically. Thus, you can reduce your risk of losses if things go south.
When compared to Bitsgap, 3Commas supports more strategies. These include:
- DCA Bots: As discussed, DCA bots buy cryptos worth 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 in a sideways market.
- Options Bots: Options bots automate options trading across various exchanges. You can implement strategies like strategies, short straddles, hedging, and butterflies with ease.
- Marketplace: Find the strategies that are currently working well and copy them in your trading.
Like Bistsgap, the profitability of 3Commas is unpredictable. Though many users have managed to consistently generate good profits from 3Commas, it depends solely on the strategies you use and how you implement them.
Verdict: 3Commas is the winner, as it provides Options bots and marketplace features.
Recap: Pros and Cons of Bitsgap and 3Commas
Bitsgap Pros
- Simple and easy to use
- Efficient trading bots
- Free trials on plans
- Free plan available
- Arbitrage strategies and market signals
Bitsgap Cons
- A limited number of trading bots
- Plans slightly expensive
3Commas Pros
- Many bots to choose from
- Copy-trading
- Paper trading
- Various features
- Responsive and easy-to-use interface
3Commas Cons
- Plans are expensive, especially the monthly plans
Conclusion
The first step in automated crypto trading is to find the right bot. With so many bots available, finding the one that fits your needs can be challenging. Bitsgap and 3Commas are great bots to get started.
Both bots are excellent for beginners and pro traders, and there is no clear winner. If you want more bots and features, you can opt for 3Commas. However, 3Commas is also slightly expensive.
Looking for any other crypto trading bot? Here are a few 3Commas Alternatives
If you’re looking for an affordable, easy-to-use automated trading solution with all the essential features, you can go for Bitsgap.
Overall, both Bitsgap and 3Commas are good, and the bot you choose should depend on your budget and trading requirements.
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Here’s how Bitsgap & 3Commas compares to other exchanges:
