- February 24, 2021
- Posted by: virtualxstore
- Category: trading
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3Commas
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Bitsgap
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| 🌎 Company Location | 🇨🇦 Canada | 🇪🇪Estonia |
| 📅 Founding Year | 2017 | 2017 |
| 💱 Supported Exchanges | 23 | 25 |
| 🆓 Free trial period | 3 days for Pro | 14 days for all plans |
| ☁️ Cloud-Based | ||
| 💰 Multiple currency support | ||
| 🤖 Automared trading | ||
| 🧪 Backtesting | ||
| 📈 Social Trading | ||
| 📱Mobile app | ||
| 🌅Day/night interface | ||
| 🚀 Partnership Program |
Bitsgap and 3Commas Overview
As cryptocurrencies become an integral part of our lives, the technologies evolving around them keep advancing as well. One of the latest trends of the crypto exchange markets is trading bots. These are tools that automate the process of trading and minimize its risks, eliminating the possibility of a human mistake.
Nowadays, there is a wide variety of providers offering autotrading services. Some of the most well-known examples include Bitsgap and 3Commas. In this review, we will take a look at these two platforms and help you decide which of them fits your goals best.
Bitsgap is a service that connects to crypto exchanges using API technology, which has already become a modern “language of communication” between various computer programs and applications. Bitsgap gains access to account monitoring for trading operations but cannot transfer or withdraw funds from the account.
| Price | Free plan/$19/$44/$110 per month |
| Payment options | Visa, MasterCard, PayPal |
| Exchange support | 25+ exchanges, including Binance, Bitfinex, Bittrex, Gemini, Poloniex, Bitstamp, Kraken, KuCoin, YoBit, Okex, Huobi, HitBTC, Gate.io, and Bithumb |
| Signals | Free market anomalies trading signals |
3Commas is a similar tool for automated trading. Its idea is that bots trade instead of traders. The user sets the trading parameters, provides the initial capital, makes adjustments to the strategy during the course of the bot’s work, and tracks the results.
| Price | Free plan/$14.5/$24.5/$49.5 per month |
| Payment options | Visa, MasterCard, PayPal, CoinPayments |
| Exchange support | 23+ exchanges, including Binance, FTX, Bybit, Bitmex, Deribit, Bittrex, Bitfinex, and more |
| Signals | Free and paid trading signals |
1. Pricing and Plans
Overall
Bitsgap and 3Сommas focus on experienced traders, offering them paid subscription plans. Crypto enthusiasts can try trading using free subscriptions or a free trial option.
Bitsgap Pricing and Plans
Bitsgap’s subscription pricing varies, depending on the user’s chosen plan as well as the trading limits.
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Basic $19/month |
Advanced
$44/month |
Pro $110/month |
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| All standard features | |||
| Unlimited exchanges | |||
| Monthly trading limit | $25 000 | $100 000 | |
| Active trading bots | 2 | 5 | 15 |
| Arbitrage | |||
| Trading signals | |||
| Portfolio | |||
| Extended order types | |||
| Demo trading | |||
| Priority support | |||
You can also select a free plan ($0/month) with a $1000 trading limit/month. It will allow you to have limited access to some of Bitsgap’s features.
| Pros | Cons |
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3Commas Prices
3Commas has three paid subscription plans for the users to choose from, as well as a free software version. Here is the subscription comparison:
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Free $0 |
$29
($14.50/ month if paid yearly) |
$49
($24.50/ month if paid yearly) |
$99 ($49.50/ month if paid yearly ) |
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| Manual trading | ||||
| Trading on different exchanges | ||||
| Smart Trade | 1 | |||
| Smart Sell | 1 | |||
| Smart Cover | 1 | |||
| Regular buying and selling | ||||
| Trader’s diary | ||||
| Autotrading | ||||
| Simple bot | 1 | 1 | ||
| Composite bot | 1 | 1 | 1 | |
| GRID bot | 1 | 1 | 1 | |
| Option bot | 1 | 1 | 1 | |
| Short algorithm | ||||
| Long algorithm | ||||
| Browsing and copying bots | ||||
| Bots for Binance Futures, BitMEX, ByBit and FTX futures | 1 | 1 | 1 | |
| Pros | Cons |
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Pricing winner
Although both services offer a selection of 4 subscription plans, 3Commas has all the necessary autotrading functions available at cheaper prices.
Bitsgap: 7/10 ⭐⭐⭐⭐⭐⭐⭐☆☆☆
3Commas: 8/10 ⭐⭐⭐⭐⭐⭐⭐⭐☆☆
2. Reliability
Overall
When choosing an autotrading service, it is crucial to pay attention to the company’s reputation. After all, the reliability of the selected platform will directly influence the safety of your funds.
Bitsgap Reliability
The Bitsgap team consists of traders, marketers, and security experts. Over its 4 years of existence, Bitsgap has not faced any security breaches and remains one of the most trusted autotrading services. An excellent reputation and trading features, such as stop-loss and take-profit, make this platform a reliable companion on the crypto market.
| Pros | Cons |
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3Commas Reliability
3Commas has proved itself to be one of the most reliable autotrading service providers. This platform offers effective autotrading bots that minimize trading risks.
| Pros | Cons |
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Reliability winner
Both platforms have gained an excellent reputation among users worldwide, and they care for their users’ data security.
Bitsgap: 9/10 ⭐⭐⭐⭐⭐⭐⭐⭐⭐☆
3Commas: 9/10 ⭐⭐⭐⭐⭐⭐⭐⭐⭐☆
3. Ease of Use
Overall
Crypto trading may be overwhelming, especially for beginners. That is why most trading platforms choose to focus on functionality that goes hand-in-hand with a simple design.
Bitsgap Ease of Use
Bitsgap has chosen a minimalistic white and dark blue color scheme. The site’s navigation is straightforward and will be understandable even for first-timers. All in all, the platform is efficient and easy to use.
| Pros | Cons |
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3Commas Ease of Use
The 3Commas website and mobile apps feature an intuitive interface suitable for beginners, as all the essential features are logically categorized into sections.
| Pros | Cons |
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Ease of use winner
3Commas has received a plethora of positive feedback, especially for the mobile app availability that makes the platform easy to use wherever the trader is: at home or on-the-go.
Bitsgap: 7/10 ⭐⭐⭐⭐⭐⭐⭐☆☆☆
3Commas: 8/10 ⭐⭐⭐⭐⭐⭐⭐⭐☆☆
4. Exchange Platforms
Overall
Yet another critical factor when selecting the best autotrading service for your needs is the exchange platforms’ availability. Luckily, both Bitsgap and 3Commas feature an extensive list of major exchanges.
Bitsgap Exchange Platforms
Bitsgap takes a well-deserved position among the industry leaders, as it features all the must-have exchange platforms and more – all on one platform.
| Pros | Cons |
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3Commas Exchange Platforms
The 3Commas service currently features 23 exchange platforms and constantly growing. Combined together with the trading bots, it comprises a powerful autotrading tool.
| Pros | Cons |
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Exchange platforms winner
As of now, Bitsgap is leading when it comes to the variety of exchange platforms available, with over 25 featured exchanges against 3Commas’ 23.
Bitsgap: 9/10 ⭐⭐⭐⭐⭐⭐⭐⭐⭐☆
3Commas: 8/10 ⭐⭐⭐⭐⭐⭐⭐⭐☆☆
5. Profitability
Overall
No trading tool’s profitability can be precisely calculated due to the market’s liquidity. However, autotrading tools have been noticed to significantly increase the traders’ profits from a long-term perspective.
Bitsgap Profitability
Despite the provider’s reliability, Bitsgap cannot guarantee profits. However, the platform successfully manages to minimize user risks when trading.
| Pros | Cons |
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3Commas Profitability
| Pros | Cons |
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Profitability winner
Bitsgap and 3Commas have a similar mechanism of action and face the same market conditions when it comes to profitability. Despite the advanced technology used in the creation of autotrading bots, the eventual profit will depend on the user and the crypto exchange situation.
Bitsgap: 8/10 ⭐⭐⭐⭐⭐⭐⭐⭐☆☆
3Commas: 8/10 ⭐⭐⭐⭐⭐⭐⭐⭐☆☆
6. Trading Strategy
Overall
Bitsgap and 3Commas both allow users to adjust the trading strategy. Therefore, every user can create custom bots for even more effective crypto trading.
Bitsgap Trading Strategy
Bitsgap bots are there to do all the tracking and trading, as long as the user decides to launch them. For instance, one of the most renowned strategies, the GRID bot, has the task of buying and selling cryptocurrencies automatically with a fixed price range defined by the user.
| Pros | Cons |
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3Commas Trading Strategy
The 3Commas trading platform not only offers ready-made automated solutions but also enables users to create their own strategies.
| Pros | Cons |
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Trading strategy winner
Both sources offer users the opportunity to customize their trading strategies.
Bitsgap: 8/10 ⭐⭐⭐⭐⭐⭐⭐⭐☆☆
3Commas: 8/10 ⭐⭐⭐⭐⭐⭐⭐⭐☆☆
7. Operating Systems
Overall
Even though bots make trading automatic, it is still crucial to continuously be online in order not to miss an opportunity. A convenient operating system allows you to trade wherever you go.
Bitsgap Operating Systems
Bitsgap’s website is the software’s main operating system. It is optimized to work from all devices, including PCs, Android, and iOS devices.
| Pros | Cons |
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3Commas Operating Systems
The 3Commas trading dashboard can be accessed through desktop and by using an Android or iOS app.
| Pros | Cons |
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Operating systems winner:
Bitsgap: 7/10 ⭐⭐⭐⭐⭐⭐⭐☆☆☆
3Commas: 8/10 ⭐⭐⭐⭐⭐⭐⭐⭐☆☆
8. Privacy & Security
Overall
Service providers within the crypto market deal with large volumes of sensitive information. That is why it is extremely important for the autotrading platform to implement all the necessary security measures when handling personal data.
Bitsgap Privacy and Security Settings
Privacy and security have the utmost importance for Bitsgap, standing at the top of their list of corporate priorities.
| Pros | Cons |
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3Commas Privacy and Security Settings
The developers of 3Commas surely know that privacy and security are some of the most important issues that traders look into before starting to use any trading platform. As a result, 3Commas’ creators have come up with a secure system that has not had a bad day since its launch.
| Pros | Cons |
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Privacy and settings winner
Both companies have demonstrated outstanding reliability when it comes to data security. Although the policy about the platforms’ privacy and security settings remains rather vague, the services they provide have proved themselves to be reliable.
Bitsgap: 8/10 ⭐⭐⭐⭐⭐⭐⭐⭐☆☆
3Commas: 8/10 ⭐⭐⭐⭐⭐⭐⭐⭐☆☆
9. Updates
Overall
Updates and notifications are an integral part of the user experience. Besides, gaining profits when trading is only possible with the help of timely updates.
Bitsgap Updates
Bitsgap has earned itself an image of a reliable service provider. That is partly due to the notifications system that alerts users of all market changes that require attention.
| Pros | Cons |
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3Commas Updates
3Commas has a system of updates tested by time. It is continuously earning positive feedback from the users.
| Pros | Cons |
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Updates winner
According to user reviews, both 3Commas and Bitsgap hardly ever fail to send a notification of a market change.
Bitsgap: 9/10 ⭐⭐⭐⭐⭐⭐⭐⭐⭐☆
3Commas: 9/10 ⭐⭐⭐⭐⭐⭐⭐⭐⭐☆
10. Help and Support
Overall
The customer support section is essential not only for beginners but also for experienced traders. Thus, in this section, we compared not only the availability of customer support specialists but also the presence of trading tips that would be helpful for advanced traders.
Bitsgap Help and Support
When it comes to Bitsgap, you can always forward your queries to the support team, and they will be resolved within 24 hours. Besides, it is advisable to check their blog every now and then for some useful info.
| Pros | Cons |
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3Commas Help and Support
Even though 3Commas is a tool that is meant to simplify crypto trading, it is inevitable for users to encounter issues that may be difficult to resolve without specialized support. Luckily, the platform’s developers took care of providing its clients with all the help they may require.
| Pros | Cons |
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Help and support winner
Due to a more structured FAQ section available on the website, Bitsgap takes a lead on this one.
Bitsgap: 8/10 ⭐⭐⭐⭐⭐⭐⭐⭐☆☆
3Commas: 7/10 ⭐⭐⭐⭐⭐⭐⭐☆☆☆
11. Communities
Overall
An established user community is a weighty factor that contributes to the perception of the brand’s authority.
Bitsgap Communities
Bitsgap is present on social media and in some messengers, including:
- Telegram (over 2,000 members)
- Facebook (over 500 followers)
- Github (less than 100 followers)
- Twitter (over 800 followers)
- Bitcoin forum
| Pros | Cons |
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3Commas Communities
3Commas has managed to gain an impressive following on social media and messengers, including:
- Telegram (over 2,500 members)
- Twitter (over 7,000 readers)
- Facebook (over 3,200 followers)
- YouTube (over 10 000 subscribers)
| Pros | Cons |
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Communities winner
Although Bitsgap is present on more channels than 3Commas, most of them remain inactive, with the latest updates dating back to summer 2020.
Bitsgap: 6/10 ⭐⭐⭐⭐⭐⭐☆☆☆☆
3Commas: 8/10 ⭐⭐⭐⭐⭐⭐⭐⭐☆☆
Verdict: Bitsgap or 3Commas for Automated Trading?
Bitsgap and 3Commas are relatively new yet well-established names in the crypto autotrading industry. Both brands are managing to keep up an excellent level of service from the times of establishment until now.
However, as a result of a detailed analysis, we have come to the conclusion that 3Commas is currently a leader in this pair, offering higher-quality software solutions at lower costs.
| Criteria | 3Commas |
| 🦺 Reliability | Tie |
| 👌 Ease of Use | 3Commas |
| 💱 Exchange Platforms | Bitsgap |
| 💰 Profitability | Tie |
| 📊 Trading Strategies | Tie |
| ⌨️ Operating Systems | 3Commas |
| 🔒Privacy and Security | Tie |
| 🖥️ Updates | Tie |
| 📖 Help and Support | Bitsgap |
| 💬 Communities | 3Commas |
A reliable bot is the foundation stone of successful auto trading. With the software offered at 3commas, your crypto profits are in good hands. Start trading with 3Commas now to experience top-quality service at the most affordable prices. Let our bots do the work for you!
Overall Ratings
| Bitsgap | 3Commas |
| 7/10 ⭐⭐⭐⭐⭐⭐⭐☆☆☆ | 8/10⭐⭐⭐⭐⭐⭐⭐⭐☆☆ |
Get Your Free 3 Days Full Access on 3Commas!
Disclaimer
The contents of this article are not intended to be financial advice and should not be treated as such. 3Commas and its authors do not take any responsibility for your profits or losses after you read this article. The info contained herein is based on data that was gathered from a variety of sources. This should not be used as a parameter for investing. The user must do their own independent research to make informed decisions regarding their crypto investments.
A proven leader, successful at establishing operational excellence and building high-performance teams with a sharp focus on value creation and customer success.
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