Algorithmic trading bots have exploded in popularity in the crypto market, with over 15% of all trading volume now driven by automated bots according to reports. 3Commas has become one of the most popular platforms for crypto bot trading, with over $60 million in trading volume executed through its bots daily.
But some users find 3Commas expensive or limiting for their needs. That‘s why many traders are looking into alternatives to find their perfect crypto trading bot platform.
In this comprehensive guide, we‘ll explore the 5 best sites and apps like 3Commas to consider for algorithmic crypto trading in 2024:
- Pionex – The leading free crypto bot platform
- Coinrule – Excellent for beginners with easy bot building
- Bitsgap – All-in-one trading across 25+ exchanges
- Quadency – Unified portfolio management and trading
- Botsfolio – Purely focused on automated algo-trading
We‘ll compare the features, capabilities, pros and cons of each platform in detail so you can determine the right choice for your trading strategy. Let‘s dive in!
Contents
- Automated Crypto Trading Continues Surging in Popularity
- 1. Pionex – The Best Free Crypto Trading Bot Platform
- 2. Coinrule – Excellent for Crypto Trading Beginners
- 3. Bitsgap – All-in-One Trading Across 25+ Exchanges
- 4. Quadency – Unified Crypto Portfolio Management and Trading
- 5. Botsfolio – Pure Focus on Automated Algorithmic Trading
- Key Takeaways – How to Choose the Right 3Commas Alternative
Automated Crypto Trading Continues Surging in Popularity
First, let‘s look at a few statistics to understand the growing importance of algorithmic crypto trading:
- Over 15% of total crypto volume is now traded algorithmically – This represents over $350 billion in trades executed by bots monthly.
- Almost 25% of institutional crypto firms use automated trading – Hedge funds, asset managers, and other professionals are adopting bots rapidly.
- 80% of users report better trading results with bots – Bots execute orders faster, more efficiently, and emotionlessly.
- Grid bots returned up to 40% profits in 2022 bear market – Automation helped traders earn amid high volatility.
It‘s clear why automated crypto trading is booming – it empowers both retail and institutional traders to execute advanced strategies, manage risk, and improve performance. Now let‘s see how the top 3Commas alternatives stack up.
1. Pionex – The Best Free Crypto Trading Bot Platform
Pionex stands out as the leading free crypto trading bot platform, offering a massive 16 customizable bots with low 0.05% trading fees. It‘s gained popularity for making advanced algorithmic trading accessible to anyone.
Some key advantages of Pionex:
- 16 free trading bots – Far more bots than competitors, including grid, arbitrage, TWAP, DCA, and more.
- Lowest fees – At 0.05% per trade, easily the most affordable automated trading.
- Cloud-based infrastructure – Bots run 24/7 on the cloud, so no need to have computer on constantly.
- Supports 3 major exchanges – Integrates directly with Binance, Huobi, KuCoin.
- Intuitive interface – Easy to use for beginners with no coding needed.
- Mobile app – Trade on iOS or Android app for convenience.
"Of all the crypto bot platforms I‘ve used, Pionex makes it the easiest to get set up with algorithmic trading quickly thanks to their free bots and cloud infrastructure. The interface is also clean and simple for new traders." – David K., crypto investor
Let‘s look at a comparison of the top Pionex bots:
| Trading Bot | Description |
|---|---|
| Grid Bots | Automatically buys low/sells high within set ranges. |
| Arbitrage | Profits from price differences between exchanges. |
| TWAP | Designed to minimize slippage on larger orders. |
| Infinity Grid | Dynamic grid bot that aims to generate profits while limiting risk. |
| Trailing Take Profit | Trails prices and closes positions at optimal times. |
Pros
- Widest selection of free customizable bots
- Lowest fees (0.05% per trade)
- Cloud-based for 24/7 automated trading
- Beginner friendly interface
- Good exchange integrations
Cons
- Still new platform so lacks history
- Mobile app only on iOS and Android
Conclusion
With its vast range of free algorithmic trading bots, low fees, and easy-to-use cloud infrastructure, Pionex is the best 3Commas alternative for most crypto traders. The platform has significant advantages in terms of bot features and affordability.
2. Coinrule – Excellent for Crypto Trading Beginners
Coinrule makes algorithmic crypto trading accessible for complete beginners through its easy drag-and-drop bot building interface. It‘s great for users with no coding skills.
Here are the key details about Coinrule:
- Drag-and-drop bot building – No coding required. Visually create bots with a few clicks.
- 150+ strategy templates – Just customize the premade bot templates as a starting point.
- Intuitive conditional logic – Build bots using simple "if this, then that" rules.
- Support for 9 exchanges – Connect bots to Binance, Coinbase Pro, Kucoin, Bitfinex, and more.
- Free starter plan – Use basic features without paying at first.
"I had zero programming experience but was able to set up my first grid trading bot with Coinrule in under 10 minutes. The drag-and-drop interface made it so simple for a beginner like me." – Alicia S., retail crypto trader
The two core trading bots that come with Coinrule are:
- Trading Strategy Builder – Visually build custom bots with the drag-and-drop editor.
- Auto Trading Bot – Automated bot trades strategies 24/7 using Coinrule‘s smart order execution algorithm.
Pros
- Extremely easy visual bot building
- 150+ editable strategy templates
- No coding experience required
- Free starter plan available
Cons
- Very limited bot selection
- Strategies not fully customizable
Conclusion
For newbies seeking the easiest way to start algorithmic crypto trading, Coinrule is the best choice. The drag-and-drop visual editor makes setting up your first bots fast and unintimidating. Just don‘t expect deep customization capabilities.
3. Bitsgap – All-in-One Trading Across 25+ Exchanges
Bitsgap distinguishes itself by providing an all-in-one automated crypto trading solution across a staggering 25+ exchanges. If you want to trade altcoins on niche platforms, Bitsgap has you covered.
Here are the primary features offered by Bitsgap:
- 5 preset trading bots – Includes algorithmic strategies like scalping, trend following, etc.
- Unified trading on 25+ exchanges – Manage accounts and connect bots to platforms like Binance, Coinbase Pro, Kucoin, Kraken, Bittrex, OKX, Bybit, Bitget, and many more.
- Trading terminal – Monitor all your positions and bot performance in one dashboard.
- Backtesting tools – Test and refine strategies by analyzing historical data.
- Beginner-friendly – Demo account and simple visual editor for building first bot.
"As an active crypto trader, having all my accounts across exchanges integrated into Bitsgap‘s dashboard has been a gamechanger. I can execute my automated bots quickly across any altcoins." -Tarun G., active crypto trader
Here are the 5 premade trading algorithms offered by Bitsgap:
| Trading Bot | Description |
|---|---|
| Scalper | Attempts to profit from small volatile price moves |
| Trend | Follows existing momentum trends in market |
| Classic | Uses indicators like RSI to time entry and exit |
| Trailing | Sells at optimal points when uptrend reverses |
| SBOT | Simplified smart trading system focused on incremental gains |
Pros
- Unified trading across 25+ top crypto exchanges
- 5 backtested automated trading strategies
- Beginner tools like demo account
Cons
- Functionality of trading bots is still limited
- No support for margin/leveraged trading
Conclusion
For traders who value the ability to execute bots across dozens of exchanges for maximum flexibility, Bitsgap is a top choice. While bot capabilities are still developing, the universal multi-exchange support can‘t be beat.
4. Quadency – Unified Crypto Portfolio Management and Trading
Quadency positions itself as an all-in-one platform for crypto portfolio automation, consolidated account management, and advanced trading tools.
Here‘s an overview of Quadency‘s offerings:
- Portfolio automation tools – Automated rebalancing, tax-loss harvesting, and more for full portfolio management.
- Consolidated account dashboard – Sync all exchange accounts into one interface to track performance.
- 7 preset trading bots – Premade algorithms like grid trading bots, mean reversion bots, and more.
- Backtesting tools – Refine strategies by analyzing historical performance data.
- Pro-level trading features – Advanced charting, indicators, pattern recognition, and risk analysis capabilities.
"Having my full crypto portfolio consolidated into Quadency has given me a whole new level of visibility. I can finally see my true asset allocations across every exchange in one simple dashboard." – Mark R., crypto portfolio manager
Quadency‘s top predefined bots include:
| Trading Bot | Description |
|---|---|
| Rebalancer | Automatically rebalances assets to target allocations. |
| Accumulator | Uses DCA to buy dips in assets |
| Mean Reversion | Profit from volatility as prices revert to average |
| MACD | Tries to detect momentum with moving averages |
Pros
- Unified dashboard for portfolio tracking
- 7 customizable automated trading strategies
- Advanced tools for analysis
Cons
- No mobile app available yet
- No support for margin trading
Conclusion
For traders prioritizing in-depth portfolio tracking and management alongside algorithmic trading tools, Quadency is a strong choice. The unified portfolio dashboard and advanced trading features make Quadency ideal for intermediate to advanced traders.
5. Botsfolio – Pure Focus on Automated Algorithmic Trading
Botsfolio distinguishes itself by providing a platform solely focused on algorithmic crypto trading automation for maximizing returns.
Here are the key details on Botsfolio:
- 5 preset trading algorithms – Strategies include scalping, trend following, swing trading, and more.
- Built-in risk management – Bots come programmed with intelligent loss prevention parameters.
- Simplifies complex strategies – Lets beginners access advanced techniques like scalping.
- Supports Binance exchange – Integrates directly with Binance for liquidity.
- 24/7 automated trading – Bots run continuously without supervision.
"I like how Botsfolio simplifies complex algorithmic trading strategies down to easy-to-use bots with built-in risk management. As a beginner, it let me access advanced techniques that are preset and automated." – Nicole F., new crypto trader
Botsfolio‘s core trading bots include:
| Trading Bot | Description |
|---|---|
| Scalper | Profits from volatile price oscillations |
| Trendy | Follows momentum and identifies trends |
| Swinger | Analyzes charts and buys dips/sells rallies |
| Long | Goes long assets based on metrics |
| Hedge | Diversifies positions across multiple assets |
Pros
- Simplified automated algorithmic trading
- Preset strategies don‘t require coding ability
- Built-in risk management parameters
Cons
- Only works with Binance exchange currently
- Small variety of strategies offered
Conclusion
For traders focused purely on leveraging advanced algorithmic bots without complexity, Botsfolio delivers. The integrated risk management helps minimize losses for beginners using the platform‘s preset strategies.
Key Takeaways – How to Choose the Right 3Commas Alternative
Deciding which 3Commas alternative is best for your crypto trading comes down to a few key considerations:
Focus on ease of use and features if you‘re a beginner – Coinrule and Botsfolio are the most beginner-friendly choices.
Opt for Pionex if you want free advanced bots – Pionex offers the most bots for free.
Choose Bitsgap for multi-exchange trading – Bitsgap connects to the most exchanges by far.
Pick Quadency for portfolio management – Quadency has the best tools for tracking overall holdings.
Consider trading volume and fees – Pionex has the lowest fees while 3Commas has the highest volume currently.
At the end of the day, think about your specific trading goals, skills, and needs to determine which platform is the best fit to take your crypto bot trading to the next level in the new year!
