- November 4, 2020
- Posted by: virtualxstore
- Category: trading
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/ | 3Commas | Zenbot |
🌎 Company Location | Canada | 🇷🇺 Russia |
📅 Founding Year | 2017 | 2015 |
💱 Supported Exchanges | 23 | 12 |
🆓 Free trial period |
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☁️ Cloud-Based | ||
💰 Multiple currency support | ||
🤖 Automared trading | ||
🧪 Backtesting | ||
🚩Social Trading | ||
📱Mobile app | ||
🚀 Partnership Program |
This guide will serve as a comparison between 3Commas and Zenbot, which are both highly successful and commonly used tools for cryptocurrency trading. We will look into both in-depth in order to help you make the best decision in terms of fitting your time and resources.
About Zenbot
Zenbot is known as a service for online natural language and chatbox hosts that has an open-source system that ensures its capabilities for modification and updates, which can be accessed through GitHub.
It was founded by David Vasquez, who has strived to develop a user-friendly platform that provides support for various currencies. By integrating artificial intelligence to refine its algorithm, it is adept at comprehensive market analysis and high trade frequencies making trading cryptocurrencies an efficient experience for its users.
Users are also able to run Zenbot on platforms, such as MongoDB and Node.js. Furthermore, it supports multiple exchange programs for crypto-currency, such as Binance, Bittrex, Gemini, Kraken, and Poloniex.
About 3Commas
3commas is a robust and powerful cryptocurrency trading platform that allows its users to utilize automated trading robots. At the same time, you can monitor and copy the behavior of active traders and build and monitor top investment portfolios.
The goal was to create a convenient platform that grew from serving a small team of traders to a key player in the industry. Its developers have established partnerships with notable exchanges, such as Bitfinex, Binance, and Coinbase.
Moreover, users can participate in Smart Trading or customize trading strategies suitable for their own interests to benefit from profit orders and steer clear of losses.
1. Pricing and Plans
Zenbot
Plan | Price |
Free | $0 per month |
Team | $4 per user per month |
Pro | $21 per user per month |
GitHub One | Sales Team required to be contacted |
3Commas
Plan | Price |
Starter | $14.50 per month |
Advanced | $24.50 per month |
Pro | $49.50 per month |
Zenbot Detailed Prices
Zenbot’s starter plan does not require any payments at all until you need more storage and collaboration with more users. Prices are paid on a monthly basis for other available features.
These are the highlights of each plan for you to make the best decision on which Zenbot plan you should go for:
- Free: This is a good package for small teams or developers who will not be as active at trading. It is for the most basic of purposes and will be limited to 2,000 Actions minutes per month and will only have 500MB storage.
- Team: This is for more advanced users and will be able to get insights from reviewers as it will be a requirement for them to look into any codes and gain a connection with code owners. It is an upgrade from the Free package, which offers more space at 2GB and will now have 3,000 Actions minutes per month.
- Enterprise: This will have everything on the Team plan with additional features such as SAML sign-on for enhanced security measurements, and a huge jump to 50GB storage and 50,000 Actions minutes. It will also be audited scrutinizingly.
A GitHub One Package is available, which incorporates community-powered security, actionable metrics, 24/7 support, and continuous learning with everything available in the Enterprise plan as well. Price is only available upon request.
PROS | CONS |
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3Commas Detailed Prices
3Commas has monthly payment plans or can be paid annually. Regardless of which you choose, all of its plans include the following additional features:
- Support for 23 exchanges
- A single portfolio for all crypto accounts you own
- Multi-level referral program
- Free apps for mobiles
- Public API
- Paper Trading
These are the specifics involved on which plan will work best for you in the 3Commas platform will:
- Starter Package: This has a SmartTrade Terminal for both Spots and Futures, Concurrent Take Profit and Loss, and Short and Long algorithms, which is more than enough, if not best for expert traders and investors who can handle trades without being reliant on bots.
- Advanced Package: This includes everything in the Starter Package as well as being able to use Spot Simple Bots, View and Copy Bots, and Trading Custom Signals. This is more for intermediate traders who would need minimal assistance from bots and other technicalities that are entailed to trading.
- Pro Package: Everything in both Starter and Advanced Packages will be included as well as Composite Bots, Bitmex, Binance Futures, Bybit, and FTX Futures Bot, Grid Bot, and Options Bot.
PROS | CONS |
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Pricing Winner
If you are a trader that can use code with ease and do not require bots, the free Zenbot package will be good enough to suit your needs. However, most people will be using this kind of service to make trading easier, and in this case, 3Commas provides a variety of features and bots at an affordable price.
2. Reliability
Overall
Both are reputable companies when it comes to trading cryptocurrencies. For Zenbot, however, users who are not as proficient in coding will find it difficult to attain the same profit. Updates also tend to be slow on Zenbot.
Zenbot Reliability
Zenbot allows for comprehensive backtesting, which can assist users in testing and validating their techniques before eventually implementing them to the market. Not only does it test how efficient their bot is, but it can also serve as a bridge for rookies to get a sense of how to trade with code without wasting any money.
The problem with Zenbot though is that it tends to have low frequency and is not quick with updates, which is extremely crucial when it comes to trading.
PROS | CONS |
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3Commas Reliability
3Commas provides the ability to simply customize your settings and make trading easy for users. It is straightforward and does not require any broad technological awareness to utilize the bots. All bots are receptive to any orders that are placed and shown immediately on the device used once an order has been executed on the exchange website. However, there are limitations to what can be done with presets on the site.
PROS | CONS |
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Reliability Winner
Both platforms are stable and efficient, but, like every other network, it can have its pitfalls. However, Zenbot does still need more improvement, especially with live and paper trading.
3. Ease of Use
Overall
3Commas has a better layout, while Zenbot can seem a little more outdated. In terms of its functionality, however, 3Commas may seem a little too easy for more seasoned users, especially those that know how to code.
Zenbot Ease of Use
Zenbot is not as easy to use as compared to other servers as it is run with a command-line interface that needs Node.js and MongoDB to be enabled. Without prior experience and ample knowledge using such a system, it could be a difficult method to use for trading.
Nonetheless, its open-source software does make it simple for encoders who trade. Furthermore, Zenbot has a GitHub devoted page consisting of a group of developers who contribute to it to support the operation and setup of bots that are available for users to download.
PROS | CONS |
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3Commas Ease of Use
3Commas has a user-friendly and elegant interface that provides a variety of functionality and detailed analysis. Users can take advantage of different bots such as short bots, quick bots, composite, and composite short bots. It is also possible to customize your own trading strategies based on the presets available. Even beginners at trading will not have a difficult time using this platform.
PROS | CONS |
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Ease of Use Winner
3Commas seem to have a more interactive and intuitive platform as compared to the more outdated look of Zenbot.
4. Exchange Platforms
Overall
There is a decent selection of exchanges offered by both platforms.
Zenbot Platforms
Zenbot currently supports 12 exchange platforms.
PROS | CONS |
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3Commas Exchange Platforms
3Commas supports 23 exchange platforms, but not all features may be supported.
PROS | CONS |
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Exchange Platforms Winner
While both have major exchanges, 3Commas has a broader list providing more choice to its users.
5. Profitability
Overall
Markets are volatile and have a huge risk of loss. Both platforms can provide a good source of money, but you would need a little more knowledge at code for Zenbot.
Zenbot Profitability
Lately, Zenbot has been subject to criticism and skepticism as a result of disparities found between paper trades and live trades. There have been arguments that state that live trades showed obvious losses even if the paper trade carried out showed gains. Thus, it prompts doubts about the credibility of the service.
PROS | CONS |
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3Commas Profitability
3Commas allows and produces higher sales and transactions. Once a user learns how to use a specific bot, they can improve on its functionality and benefit further. Since it has a copy trading feature as well, users can imitate their trades in that way.
PROS | CONS |
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Profitability Winner
3Commas seems to be more lucrative with users indicating that they can gain up to thousands of dollars a day.
6. Trading Strategies
Overall
Both bots work well with personalized techniques, with Zenbot being better in this department as the entire code can be modified. 3Commas is simple and works best for newcomer skill levels.
Zenbot Strategies
Strategies for Zenbot will rely on the code that is programmed for the bot to operate in. It is also a natural language system software but supports other programming languages such as HTML, JavaScript, CSS, Python, and Smarty. Therefore, it is a multipurpose bot with several distinct features to make crypto trading easy for its specified user.
PROS | CONS |
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3Commas Strategies
3Commas, as mentioned before, can be customized but are limited to presets. Also, your trading skills and expertise will decide what kind of bots and tactics best benefit you personally. The composite bot can support a number of cryptocurrency pairs and are focused through interpretation in TradingViews.
PROS | CONS |
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Strategies Winner
Zenbot gets the cake for so long as users are able to code, they can be more flexible and have the advantage of backtesting as well.
7. Operating Systems
Overall
Both run on Windows or Mac, but 3Commas has a mobile app where some features are available.
Zenbot Operating Systems
Zenbot can run on both Windows and Mac. Information on how to set up Zenbot is available on GitHub. Otherwise, there are YouTube videos and Reddit forums that can provide a breakdown on how to download it.
PROS | CONS |
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3Commas Operating Systems
3Commas can be used on Windows or Mac as it does not need to be downloaded. Simply sign in to the website and connect it to an API key exchange. There is an available iOS or Android smartphone app for users to be able to track trades but not to perform transactions.
PROS | CONS |
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Operating Systems Winner
Both services will provide satisfaction to their customers so long as they can access a computer. 3Commas would have a slight edge. However, since it does not need to be downloaded and can be viewed through a mobile application.
8. Privacy & Security
Overall
Privacy and security is vital when it comes to your money, while 3Commas has extra measures taken to ensure your safety, Zenbot will depend on your own setup.
Zenbot Privacy & Security
Its Enterprise package has heightened security by having a Security Assertion Markup Language (SAML) encoded simply for signing in. Aside from that, Zenbot is made to be built and run on the user’s own system, so it is up to the user what the limitations on their exact device will be.
PROS | CONS |
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3Commas Privacy & Security
Confidentiality and privacy of personal data are taken seriously at 3Commas, and steps have been taken to deter breaches such as adding encryption and secure servers. API keys are also created by exchanges for authentication of requests and are restricted from making withdrawals to ensure the safety of your funds.
PROS | CONS |
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Privacy & Security Winner
Both platforms provide a secure place for users to trust and trade cryptocurrencies, but Zenbot can be risky if not properly constructed.
9. Updates
Overall
Zenbot’s updates and communications to its users are one of the biggest setbacks that it currently has, whereas 3Commas provides constant updates to its users.
Zenbot Updates
Zenbot is a sophisticated tool, but updates have been comparatively lacking as compared to other competitors in the market. Especially since the crypto space is ever-changing, Zenbot lacks to keep up. In terms of trying to upgrade the bots itself, alterations will be done on the source code of the bot that the user wants to modify.
PROS | CONS |
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3Commas Updates
3Commas constantly alerts or notifies real-time through a number of methods such as your browser, smartphone, email, or social media like Telegram. Changes and improvements can only be modified by logging in and going to the Configuration tab of your account.
Updates Winner
3Commas is an obvious winner in this round as they constantly notify their users for updates.
10. Help and Support
Overall
Both platforms are useful based on what it is used for in terms of support.
Zenbot Help and Support
Zenbot is an open-source experiment that can be used by programmers and is not directly built from a corporation. This is why conventional customer support is not available. A detailed manual is available on GitHub that can be used for users to learn or get help from for troubleshooting purposes.
Moreover, it has a prominent presence on Reddit, where Zenbot users who are also Reddit subscribers can interact and communicate within the subreddit for any queries or concerns.
PROS | CONS |
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3Commas Help and Support
Support is available in both English and Russian and is available 24/7. Any requests sent to the support center can be responded back through email or even Telegram and Facebook. Courses are also available for free for its most expensive package.
An FAQ is also available for common issues or to guide the user to navigate through the site.
PROS | CONS |
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Help and Support Winer
Both provide adequate help and support that suit the type of user for each platform.
11. Communities
Overall
Both platforms provide communities on different social media sites that help their users grow and understand cryptocurrency trading better while benefiting as much as possible.
Zenbot Communities
As mentioned above, Zenbot has a community of users that is reliant on Reddit on how to solve any issues or support each other, especially since using Zenbot does involve coding. There are also courses involved if you take the GitHub One Program.
PROS | CONS |
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3Commas Communities
3Commas aims to create seamless access to a group that can offer guidance to its consumers. This is done through having a Telegram Community and YouTube channel to exchange tips and tricks on trading. There is also a blog that provides information on the cryptocurrency industry, which is a valuable resource for beginners.
PROS | CONS |
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Communities Winner
Both keep in touch with their communities and support each other through their respective platforms or apps.
3Commas | Zenbot |
10/10 | 10/10 |
12. Features
Overall
Both platforms have unique and distinct features that make each great. It is simply up to the user which of the features would be deemed more useful.
Zenbot Features
Zenbot offers a variety of notable features such as:
- Bots of your choice can be created depending on the features you require
- Uses a natural language engine for programming making and supports Javascript
- Compatible with popular analytics tools, including Google Analytics
- Integration with messaging apps like Facebook Messenger and Skype
PROS | CONS |
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3Commas Features
Features that make 3Commas worthwhile are:
- Manual trading with Smart Trade where users can perform multiple actions
- Automated trading through its various trading bots
- Creating, viewing, balancing, and copy and editing ratios in your portfolio
- API Access
- Referral program
- Apps
- Notifications
PROS | CONS |
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Features Winner
Both have powerful features relevant for every user.
In Conclusion
🔖 Pricing and plans | 3Commas |
🦺 Reliability | 3Commas |
👌 Ease of use | 3Commas |
💱 Exchange platforms | 3Commas |
💰Profitability | 3Commas |
📊 Trading strategies | Zenbot |
⌨️ Operating systems | 3Commas |
🖥️ Updates | 3Commas |
📖 Help and support | Tie |
💬 Communities | Tie |
⚙️ Features | Tie |
Overall ratings
Trading bots are not a fix-all solution to get money, but it does help with a lot of things a human can overlook through features that they offer. In this comparison review, 3Commas seems to be the better option, even with its affordable price. While Zenbot is more technical and has not won, it is a free service that is beneficial to its users and can help you gain profits.
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.
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