What is a Trading Bot?
Before we go into the differences between WunderTrading and 3Commas, let us first answer the question: what is a trading bot? A trading bot is a program designed to automate cryptocurrency trading process for the trader.
It works by tracking and scanning your trade patterns before executing trading tasks on your behalf. This eliminates delay and helps you to trade at favorable prices.
3Commas
Although 3Commas is a relatively new trading bot platform, it is a great choice for novices and experts that want to maximize their profitability. This trading platform offers educational resources and lets users close the trade at a good time to increase their profitability.
Trading Bots
3Commas offers three trading bots; the Gordon bot, Advanced bot, and GRID bot. The Gordon bot can be programmed to operate in just a few seconds while the Advanced bot offers numerous trading strategies and is more customizable. On the other hand, the GRID bot is a new bot that operates by dividing a price chart into slices.
Exchanges
3Commas has one of the widest lists of supported exchanges among crypto trading bot platforms. It includes:
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Other features
3Commas has a Smart Trade feature that is designed for cryptocurrency trading. This interface makes it possible to buy and sell digital currencies using risk management tools. Unlike most cryptocurrency exchanges, this feature also allows you to add Take Profit levels and Stop Loss levels in every trade to lower any losses that you may get during the trade.
3Commas boasts of a portfolio tracking feature that tracks the trading history, profit and loss, and composition of your cryptocurrency portfolio.
3Commas offers its members access to its trading school and paper trading that provides trading strategies, which will be helpful for novice traders.
Pricing
3Commas gives its users four plans to choose from: Free, Starter, Advanced, and Pro.
The Free plan is a great option if you want to learn the trading strategy without paying the monthly fee. The Starter plan starts at $14.50 monthly and is paid annually. Although this package does not include automated trading bots, it comes with a Smart Trade manual trading terminal.
The Advanced plan goes for $29.50 monthly while the Pro plan costs $49.50 monthly. The Pro Plan comes with a 3-day trial that does not require a credit card to sign up.
Support
3Commas has very knowledgeable support and a highly active blog that covers a variety of crypto-related topics from overviews of new trends and hyped projects to guides on how to do technical analysis.
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WunderTrading
WunderTrading is a trading bot platform that lets traders automatically trade and invest in cryptocurrency. It also provides a social trading network where users can successfully copy-trade other traders.
Trading Bots
WunderTrading comes with trading bots that are easy to create and customize. This is possible thanks to TradingView’s Pine Editor feature that allows for the automation of TradingView strategies into customizable bots. With this feature, you can create an automated trading bot and backtest the trading bot strategies before allowing it to handle your funds.
You can specify (partial) Take Profit and Stop Loss in the bot’s settings tab or even set up a more advanced Trailing Stop feature. It also allows you to use the Swing Trade option and create a DCA bot.
Exchanges
WunderTrading also supports quite a large number of exchanges:
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Other features
WunderTrading provides an advanced multi-exchange trading terminal. This terminal allows users to create orders and copy them onto several exchange accounts. You can also track your trading statistics in the Dashboard tab, and check other traders’ statistics in the Marketplace tab.
Pricing
Registering on and using the WunderTrading platform is completely free of charge for both traders and copy-traders. Users can start trading and utilizing all of the platform’s trading tools without paying anything. This makes it the best free crypto trading bot in the market.
Besides that, the Basic plan costs $9.95 per month, the Pro plan goes for $24.95 per month, while the Maximum plan goes for $44.95 monthly.
Support
WunderTrading has a wide knowledge base, which contains articles answering frequently asked questions and covering the main functionality of the platform. The platform also has an extremely responsive 24/7 support team.
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Final Verdict
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Ultimately, both WunderTrading and 3Commas are great cryptocurrency trading bots that you can use for automated trading purposes. Although each has its pros and cons, WunderTrading is highly recommendable for both novice and expert traders who are after the best free crypto trading bot and advanced trading strategy settings. It is also a good choice if you want to copy successful traders to gain a competitive advantage.
On the other hand, 3Commas stands out because it provides a possibility to test your strategies with paper trading and has an app that makes it convenient to use the platform from your mobile phone.