If you are looking for a crypto trading bot to automate your crypto trading, Coinigy and 3Commas are two amazing platforms to check out.
However, there are a lot of factors and aspects to consider before choosing an automated crypto trading platform.
Introduction: Coinigy Vs. 3Commas
3Commas is a powerful smart trading terminal that offers a wide range of bot trading tools and other features. Coinigy is a digital wallet management solution with dedicated portfolio management and bot trading features.
So, which platform is better and why? Here is a detailed comparison between Coinigy and 3Commas to help you make the right decision.
Supported Exchanges & Cryptocurrencies Comparison
Coinigy and 3Commas support an array of exchanges and cryptocurrencies to choose from. Let’s talk about Coinigy first.
3Commas supports automated trading for 23 exchanges. Some popular names include Binance Futures, BitMEX, Bitstamp, Kraken, Bittrex, FTX and Coinbase Pro.
Like Coinigy, 3Commas allows you to trade various cryptocurrencies, including BTC, ETH, XRP, LTC, and more.
Coinigy supports a total of 43 exchanges, one of the highest in the market. However, trading support is available for only 11 of them.
These include Binance, Bitfinex, Bitstamp, Bittrex, Cex.io, Coinbase Pro, Huobi Pro, Kraken, KuCoin, Poloniex, and Valutoro.
Coinigy’s website doesn’t mention the cryptocurrencies and trading pairs it supports. However, it supports all the major cryptocurrencies, including BTC, ETH, LTC, XRP, and more.
Verdict: 3Commas is the winner, as it supports trading with 23 exchanges compared to only 11 in the case of Coinigy.
Trading Tools, Strategies, Platform Features Comparison
Coinigy and 3Commas provide a lot of features and functionalities to users. Let’s draw a detailed comparison between the platform features and strategies available on the two platforms and which one is better.
Now, let’s see how it stands against 3Commas. Here are the key features and functionalities offered by 3Commas.
- Smart Trade
Smart Trade is 3Commas’ manual trading terminal. You can place buy and sell orders in real-time. The platform also allows you to set concurrent take-profit and stop-loss orders.
3Commas Smart Trade lets you set trailing stop-loss orders and sell by multiple targets. It also has a smart cover functionality that allows you to earn profits from sudden market fluctuations.
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- Trading Bot
Trading Bot is 3Commas’ automated trading platform. You can choose from two automated trading options: single-pair bot and multi-pair bot.
As the name suggests, a single-pair bot runs one trading pair, whereas a multi-pair bot runs multiple trading pairs. You can use the long algorithm (bot buys) and the short algorithm (bot sells).
With the 3Commas trading bot, you can implement various strategies, such as DCA, Grid, and arbitrage trading. You can also program the bot to trade according to deal close signals.
- TradingView Charts and Indicators
You get complete TradingView access with 3Commas, including multiple time frame charts, indicators, strategy backtesting, drawing tools, and more. This helps you improve your technical analysis and make informed trading decisions.
- Portfolio Management
3Commas has a dedicated portfolio management tool. You can create a portfolio with all coin amounts and track its performance from your dashboard. 3Commas also allows you to import portfolios from other wallets for seamless portfolio tracking and management.
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- Marketplace
3Commas has a marketplace feature where you can get signals from Crypto Quality Signals and Cartelsignals to make informed trading decisions. You can also copy strategies from other successful traders and increase your chances of profitability.
- Other Features
Apart from the features mentioned above, 3Commas offers real-time alerts, mobile apps, and other exciting features that make it one of the best-automated trading platforms in the market. It also offers API access to integrate it with other platforms.
Let’s now start with the platform features of Coinigy.
- Trading Bot
One of the major reasons to use Coinigy is its trading bot. It offers various functionalities such as conducting trading operations across exchanges, analyzing charts to discover trading opportunities, and setting stop-loss and take-profit orders.
The bot is easy to set up, and even beginners can easily use it. You can use the bot to trade across 11 exchanges from a single platform.
- Manual Trading
Coinigy allows you to manually place buy and sell orders manually across exchanges. Since the platform connects exchanges via APIs, you don’t need to add funds to Coinigy. You can connect to any exchange where you have funds and start trading.
- Wallet and Portfolio Monitoring
Coinigy has exchange and wallet portfolio monitoring capabilities, allowing you to keep an eye on your portfolio and balances. The platform is cloud-based, and therefore, you can use it anytime and from anywhere.
The portfolio management tool offers 99.9% uptime. Hence, you can stay on top of your investments all the time.
- Charts and Technical Indicators
Coinigy has a proprietary charting platform with the line, area, and candlestick charts. The platform has over 75 technical indicators to help you perform in-depth technical analysis and make informed decisions.
Moreover, Coinigy allows you to place long and short orders directly from the chart. This makes the trading process faster and hassle-free.
- Price Alerts
Coinigy allows you to set up SMS, email, and in-browser price alerts. If you’re a busy trader, you may not be able to check the charts all the time. Here’s where alerts come into the picture.
You can set alerts at specific price levels. When the price reaches that level, you will receive a notification.
- Apps and Plugins
Coinigy integrates seamlessly with various tools and applications. The most popular integrations include Google Sheets and CryptoTicker for Firefox and Chrome.
The platform has a variety of in-browser apps. For instance, the ArbMatrix app helps you identify arbitrage trading opportunities across exchanges. The SocialScanner app updates you regarding social mentions of your favorite cryptocurrencies.
Clearly, Coinigy has some exciting features.
Verdict: 3Commas is the clear winner as it offers more platform features and functionalities.
Pricing & Subscription Structure Comparison
Coinigy and 3Commas are both cloud-based crypto trading platforms, and therefore, both have a subscription-based pricing structure. You need to pay a monthly fee for using the platform.
Let’s compare the pricing structure of the two platforms.
3Commas
3Commas has four plans:
- Free: The Free plan comes with one active Smart Trade, one DCA bot, one GRID bot, one Options bot, and unlimited scalper trading. The plan is free for as long as you want.
- Starter: The Starter Plan has everything included in the Free plan, along with unlimited active Smart Trades and paper trading. It’s priced at $29 per month or $14.5 per month if purchased annually.
- Advanced: The Advanced Plan has everything included in the Starter Plan, along with unlimited DCA bots. It’s priced at $49 per month or $24.5 per month if purchased annually.
- Pro: The Pro Plan has everything included in the Advanced plan, along with unlimited GRID bots and Options bots. It’s priced at $99 per month or $49.5 per month if purchased annually.
Coinigy
Coinigy has three plans:
- Starter Account: The Starter Account plan offers 24/7 portfolio monitoring, high-definition charting with 75+ indicators, mobile app access, and email support. It’s available for free.
- Pro Trader: The Pro Trader plan has everything included in the Starter Account, along with unlimited API accounts, unlimited chart layouts, advanced order types, ArbMatrix, and unlimited session length. It’s priced at $18.66 per month when purchased annually.
- API Developer Pro: The API Develop Pro has everything included in the Pro Trader plan, along with Coinigy CryptoFeed™ & Enterprise API Access and priority support. It’s priced at $99 per month.
Please note that you get support for unlimited exchange accounts and no added trading fee with all plans.
Verdict: 3Commas is the winner, as it has more plans to choose from, and they are less expensive than Coinigy’s plans.
Customer Support & Product Security
Security is an essential factor to consider when choosing a cryptocurrency trading platform. Both Coinigy and 3Commas take similar security measures.
The platforms use APIs to connect to exchanges. They don’t store funds directly, so there’s no risk when using the platforms. Moreover, they implement features like two-factor authentication and IP allowlisting to provide a safe trading experience to everyone.
Coming to customer support, Coinigy has a dedicated support section comprising help guides and frequently asked questions. You can get helpful information about the platform, crypto-asset training, and other resources.
If you want to reach the Coinigy team, click on the Submit a Request button on the top left and raise an issue. The customer support team will contact you soon.
3Commas offers support primarily by email. You can reach the team for support at [email protected]. There are separate email addresses for payment issues, legal issues, and affiliates.
3Commas’ contact page also has a contact us form. You can enter your name, email, and message, and the 3Commas team will respond to your query.
Verdict: It’s a tie, as both Coinigy and 3Commas offer customer support primarily by email.
Conclusion
Let’s conclude this comparison by discussing the pros and cons of Coinigy and 3Commas.
The biggest difference between Coinigy and 3Commas is that the crypto bot isn’t Coinigy’s main offering. Coinigy is a digital asset intelligence platform that allows you to manage all your crypto functions from one place.
On the other hand, 3Commas is a dedicated bot trading platform, and therefore, it has better bot trading features. You can implement a wide range of strategies, such as DCA, Grid, long & short, and arbitrage with the help of a single bot.
3Commas also has more plans and better flexibility. Overall, 3Commas is a better platform if you are looking for a robust and reliable way to automate your crypto trading.
Here’s how Coinigy & 3Commas compares to other crypto trading bots:
