Comparison between two leaders in automated crypto trading. Algorithm vs AI bots.
When we mention trading bots, what comes to most people’s minds are the algorithm-written programs that execute trades in your favorite fiat or crypto pairs. They usually follow specific predetermined rules that we set and are left to carry out all of the trading themselves.
They resolved one of the most common problems in human trading — emotions and opened a whole new room for both traders and investors. With the advancement of technology and the popularity of Bitcoin, the demand for more and better strategies increased.
Humans were unable to keep up with the rate of technological advancement and, ironically, were forced to rely on machines for assistance. We had to fight fire with fire, or in other words — use Artificial Intelligence, Machine Learning, and Neural Networks against the revolutionary Blockchains.
Today we’ll compare the first fully powered by AI & ML trading bots platform against one of the all-time leaders of crypto trading. One Button Trader versus 3Commas. The kings of the past versus the leaders of the future. It’s showtime!
This article will not be a standard comparison of trading platforms. Yes, each feature is vital, but we will focus on the overall impact of both software rather than the minor details that create them.
But first, let us look at what this article is and what it is not.
· Attempt to start beef between communities
· Sales letter to persuade you to purchase a product
· Financial or investment advice on how to spend your money
· Appreciation for the technological advancement
· A fair comparison between algorithms and AI trading bots
· Analysis of One Button Trader and 3Commas as reliable sources
Sounds good? Great, let us get started with the four categories we will be looking at today — interface, trading system, features, and profitability.
One of the key benefits of crypto trading bots is the accessibility and user-friendliness they offer to traders. They save you tons of time from looking at charts for other productive tasks.
Unfortunately, algorithm bots still need you to have some basic knowledge of trading in order to set up your bot correctly. That makes the whole interface a bit more complicated for new traders.
We have to admit that the team from 3Commas has done an excellent job with their platform. Not only they’ve optimized every tool, but they have also created dozens of instructional articles on how to work with them.
3Commas is unquestionably the best option for people deeply involved in cryptocurrency trading, that also want to have a life! But what about the new traders that don’t want to be the next Wolf of Wall Street. How can they benefit from the endless possibility of the cryptocurrency world?
With OB-Trader you don’t have to be an expert trader or stress out on different strategies. You let the AI behind each bot optimize its trading towards the current market conditions. All you have to do is click One Button, and you’re in the crypto game.
As for the actual design of the platforms, this is rather subjective to the user’s preference. Everyone has a different taste, but both platforms made sure to provide you with a dark mode as well!
Our conclusion here is that both platforms provide their users with the best experience for what they’re offering. 3Commas give control, while OB makes trading effortless. If we had to give an extra point for the design we’d write it for One Button, but let’s play fair and compare only what can be measured!
It’s time to look at the exact mechanism behind these two giants. Why 3Commas algorithm trading is like a trader on steroids, and why One Button AI is changing the whole industry.
Even the best trader in the world can’t monitor the charts 24/7 all year round. Even he can make emotional mistakes and abandon his strategy.
The bots at 3Commas don’t work like that. They prefer to:
· Only execute trades in certain conditions (set by the user)
· Maximize your gains with different tools like trailing orders for taking profit and stop-loss.
· Give you the versatility to choose between single-pair bots or multicurrency ones.
If you want to reap the most benefits from crypto trading without becoming an expert yourself, you can try out OBs AI bots and have even more free time.
On the other hand, One Button gives the following options:
· Your job is to pick a bot by the machine learning mechanism he’s trained with
· The AI does all the hard work by optimizing towards the current market conditions
· You can build a whole army of crypto trading bots with just one click of a button for each
If you want to maximally benefit from crypto trading without becoming an expert yourself, then you can test out the AI bots from OB and enjoy even more free time.
Note that while AI bots are still relatively new, they’re already performing around market profitability and even slightly above. They seem to be better at identifying trends in their creation, and the neural networks field is still developing. Great things await!
Let us see the options these platforms give.
3Commas offers a free plan and three paid memberships, as shown below in euro.
You can experience their PRO version at full scale for a three-day free trial, and after that, the price is about $680 yearly. There are two cheaper plans, but they don’t offer the full benefits.
We would say that a starting fee of €29 for one month at the Starter Pack seems a very reasonable price for you to get to know the platform and decide on going long-term with it.
On the other hand, OB offers a free plan to help you feel how the platform operates. The cost of a paid membership ranges from $30 to $550 per month.
The pricing plans were carefully structured to correspond with one’s portfolio.
The most flexible plan seems to be To the Moon, as you only pay a percentage of the profits the bot makes for you.
The big news of 2021 was the official release of the $OBT Token, which gives you the power to fuel your trading bots with OB coins instead of money. Read more about it here.
There are no promises that everyone will benefit, but both bots have demonstrated that they can significantly boost traders’ assets.
The 3Commas bot has the unusual ability to track any cryptocurrency market. Because of this, the tool may trade the most profitable position regardless of location. Users frequently figure out how to improve bot configuration through practice, even if they do not get the best-earning percentages immediately away.
One Button Trader is powered entirely by AI and machine learning, and bots can yield various returns depending on the trading pair, market conditions, and bot maturity. We have covered the whole topic in our article How Much Money Can I Make With an AI Trading Bot. Make sure to check it out!
Although it is impossible to determine how profitable the service is for all customers, the average earnings on both platforms are respectable. One of the hottest topics in our Telegram community right now is actually doing Bot races every week (no fee to participate, but great rewards if your AI horse wins)
In the end, it all comes down to preference and how well do you trust machines. Algorithm bots like 3Commas are ideal for people who want to automate what they already do, whereas OB is ideal for people who want to tackle the new Blockchain marketplaces with AI and ML.
Both services provide free accounts for you to test out and see if they are performing better than you. One is an established leader since 2017 with dozens of case studies, while the other is already dictating the trends in trading bots. Choose wisely!
We regularly prepare insightful reports and case studies about crypto trading and the blockchain industry.
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