Shrimpy and 3Commas are two of the most popular crypto portfolio management tools on the market today. Both are designed to help users manage their crypto holdings and automate their trades.
In this comprehensive review and differences, we should evaluate the features of both Shrimpy vs 3Commas to help you decide which one is the best choice for your needs. Both of these tools have a lot of advantages for traders. From pricing and features to user-friendliness and customer service, so you can make an informed decision about which platform is ideal for you.
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Overview of Shrimpy and 3Commas
Shrimpy and 3Commas are two of the most popular Robo-advisors in the market. They have a lot of similarities, but there are also some key differences between the two platforms.
Shrimpy is software that allows you to manage your investments with ease. You can create portfolios, set up automated investments, and more.
3Commas is also software that allows you to manage your investments, but it offers more features than Shrimpy. For example, 3Commas allows you to automate your investments, trade crypto-currencies, and more.
Both platforms are beginner-friendly, with user-friendly tools to help you get started right away.
Trading Features Comparison
When it comes to comparing features, both Shrimpy and 3Commas have a lot to offer.
For starters, both platforms offer diversified portfolio management, asset allocation, and rebalancing features. However, 3Commas also offers a unique “auto-trade” feature that allows users to automatically trade assets based on predefined rules. This feature is not currently offered by Shrimpy.
3Commas also offers a wide range of integrations with popular exchanges, including Binance, Bitfinex, Kraken, and KuCoin. This gives users the ability to trade assets directly from within the 3Commas platform. Shrimpy does not offer this level of integration at this time.
Overall, both platforms are exceptional choices for users looking for portfolio management and trading features. However, when it comes to specific features and integrations, 3Commas has a slight edge over Shrimpy.
User Interface Comparison
When considering their user interface, there are a few stark differences between Shrimpy and 3Commas.
Shrimpy’s user interface is organized into five tabs: Accounts, Portfolios, Transactions, Settings, and Help. This layout is simple and easy to navigate, making it perfect for new investors just starting out.
3Commas’ user interface is a bit more complex, with nine tabs: Accounts, Quotations, Positions, Orders, Funds, My Wallet, Settings, Services, and Help. This may be overwhelming for new investors, though experienced traders will appreciate the extra flexibility and options 3Commas provides.
Supported Exchanges Comparison
Regarding their exchanges, Shrimpy and 3Commas both offer a wide range of supported exchanges. This includes the top exchanges such as Binance, Coinbase Pro, Kraken, and Bitfinex, as well as smaller exchanges like Kucoin and Gate.io.
However, there are still some differences between the two when it concerns supported exchanges.
Shrimpy supports more than 50 different cryptocurrency exchanges while 3Commas supports just 20. In addition, Shrimpy also supports decentralized exchanges such as Uniswap and Kyber Network which are not supported by 3Commas.
Overall, Shrimpy offers a great selection of supported exchanges than 3Commas which is something that may be important to consider when making your choice of which platform to use.
Fees, Limits, and Payment Methods Comparison
Now that we are aware of the differences between Shrimpy and 3Commas, let’s take a look at the fees, limits, and payment methods you can use when using each service.
Shrimpy does not charge anything for deposits or withdrawals, so your money will move freely between exchanges. However, trading fees, that is where things get interesting. They offer a flat fee of 0.25% per trade whenever you rebalance your portfolio.
On the other hand, 3Commas requires a one-time fee of $7 to start using their basic plan but doesn’t charge any trading fees. You can deposit funds with most major credit cards and cryptocurrencies, but keep in mind that there are some deposit and withdrawal limits if you are using certain payment methods like credit cards.
Customer Support Comparison
When assessing customer support, both Shrimpy and 3Commas offer support in different ways.
With Shrimpy, you have the option to submit tickets directly on their website or contact them through their live chat feature. They also provide a detailed FAQ page with answers to a variety of questions about the platform.
3Commas provides an extensive knowledge base section, which offers helpful tutorials that can answer your questions about their platform. They also offer support through email, but unfortunately not through live chat.
In terms of servicing times and quality of service, both platforms are fairly responsive and can address queries quickly. If you are after a more personal response, though, Shrimpy’s live chat feature may be the better option for you.
Understanding Security Analyzer
When it comes to security, shrimpy and 3commas are both reliable platforms. However, 3commas has a few more security features than shrimpy.
3commas offers two-factor authentication and IP whitelisting, which helps to protect your account from being hacked.
Additionally, 3commas has a built-in security protocol called ‘Secure Sockets Layer’ (SSL) which encrypts all data that is sent to and from the 3commas platform.
Final Note
In the end Shrimpy vs 3Commas, everything simply boils down to what you actually require. If you do not want to spend too much time on your investment portfolio and you are happy with the current state of your portfolio, 3Commas is a great option. But if you want more control over your portfolio and you are looking for a more hands-on approach, Shrimpy is the better choice. Each of these tools brings a lot to the table.
