Top 4 Crypto Trading Bots Compared by Ease of Use

To further explore the crypto bot ecosystem, we’ve picked three popular platforms to analyze alongside OSOM’s Crypto Autopilot — 3commas, Cryptohopper, and Coinrule.

We assessed ease of use, accessibility, fees and other metrics to help you decide which is best for you.

Everyone has fantasized about the same thing at one point or another — an algorithm that accrues wealth for us while we sleep. Although such algorithms have existed for a long time, they’ve only been accessible to the wealthy few who could afford high minimum deposits. But as the dawn of crypto has democratized money, it has also pushed for the democratization of wealth-creating technology — the automated trading bot.


commasCryptohopperOSOMCoinrule
Setup*Difficult:

1. Create account

2. Create an account with an exchange

2. Connect external exchange via API keys

3. Choose trading pair

4. Set parameters like
a) Buy price b) Spendings c) Take profit d) Trailing price e) Stop loss

5. Start Bot

6. Constantly check and refine your approach
Difficult:

1. Create account

2. Configure your bot

a) Create an account with an exchange
b) Connect your exchange account
b) Choose coins
c) Pick a strategy
d) Apply further settings (percentage profit, stop-loss percentage, etc. time limits),

3. Backtesting

4. Start Bot

5. Constantly check and refine your approach
Easy:

1. Create account

2. Transfer EUR or BTC

3. Deposit to Autopilot

4. Sit back and relax
Medium:

1. Create account

2. Create trading rules with various options: a) Coin type b) Price c) Percentage

3. Create an account with an exchange

4. Connect your exchange account

5. Start Bot

6. Constantly check and refine your approach
Level of Trading Experience RequiredHighMediumMinimalMedium
Fees$29 - $99 per monthFree limited starter package and $16.58 - $83.25 per monthPerformance based fees**Free limited starter package and $30 - $450 per month
Annualized PerformanceNA ***NA ***56,5%NA ****
AccessibilityWeb, iOS and AndroidWeb, iOS, AndroidWeb, iOS, AndroidWeb only
Complementary FunctionalitiesAnalytics and educational toolsAbility to build your own botEUR to Crypto Exchange, Crypto Wallet, Portfolio TrackerStrategy Marketplace
Customer SupportStrongStrongStrongStrong
Office LocationsCanada and EstoniaNetherlandsBelgium and EstoniaUnited Kingdom
License NANAEstoniaNA
Trustpilot Rating4.02.44.2NA *****
Additional Crypto Exchange Account RequiredYesYesNoYes


*Based on setup time, previous experience required to get started

**Fee is only 10% of your total profit - if you do not make any profit, pay $0 in fees

***Contingent on setup and expertise

****Contingent on chosen strategy

*****No reviews

Setup + Experience Required

3commas has stated that it is best-suited for experienced traders. This platform, along with Cryptohopper and Coinrule, are great options for those knowledgeable enough to create their own trading rules for customized bots. In addition, 3commas, Cryptohopper, and Coinrule require its users to hold accounts with external exchanges in order to access their products.

But what if you’re new to crypto, don’t really understand the ins and outs or even have an account with an exchange? With OSOM’s Crypto Autopilot, you just deposit Euro via a bank transfer or credit card, exchange it to Bitcoin via our low-fee crypto Exchange, deposit to Autopilot, sit back, and relax.

Fees + Performance

Although Cryptohopper and Coinrule offer free basic starter packages, these hardly offer any functionalities. You’re better off opting for the best package offerings, which can be as high as $450 per month.

It’s difficult to estimate what types of returns these bots offer, as performance completely depends on user expertise, chosen strategy and bot setup. So does it really make sense to pay high fees to use bots that you may not even possess the technical background to use effectively in the first place?

We prefer calculated risk for maximum reward. We don’t think you should have to pay anything unless you make returns, which is why OSOM only charges a fee of 10% of profits — if you invest 1 BTC and accrue a return of 0.1 BTC by the end of the month, you pay 10% of 0.1 BTC. Simple and fair like we think it should be.

Complementary functionalities

3commas, Cryptohopper and Coinrule each offer their own set of unique features, ranging from analytics and educational tools to a strategy marketplace. At OSOM, users can access the Crypto Autopilot directly from within the OSOM ecosystem. The OSOM Wallet offers an intuitive crypto management tool while the OSOM Exchange makes it possible to deposit Euros via bank transfer or credit card, making it quick and easy to add crypto to your portfolio.

Licensing + Rating

When it comes to managing wealth, trust and credibility are very important factors. OSOM worked diligently to receive a license in Estonia with the goal of building the ultimate intuitive personal finance toolset.

Which crypto trading bot is best for you?

To conclude, OSOM, 3commas, Cryptohopper and Coinrule all offer their own set of very attractive features to those interested in trying out a crypto bot — but they’re all very different to one another.

🖥 3commas offers sophisticated features for the experienced trader.

🤖 Cryptohopper is a great choice for those interested in coding their own bot.

⚙️ Coinrule is also ideal for those who want to set custom automated trading scripts and rules.

🚀 But OSOM’s Autopilot is the best choice for the inexperienced, first-time crypto user who wants to diversify their basket of coins without the extra work.

OSOM’s Autopilot is, by design, a no frills, easy-to-use solution. Sleek, simple and effective — but not suitable for those who want to play around with advanced functionalities, because there are none. It just works.

The Crypto Autopilot is currently in closed Beta.

Each week, we invite just 100 people to try it out.

Interested? Sign-up now!

Questions? Check out the FAQ or reach out to us at [email protected].