3Commas claims to provide an effective environment for users to boost their crypto assets via its trading terminal and proven bots that are fully automated. The bots work on more than 18 popular exchanges. As per the vendor, the service offers all crucial aspects required for successful trading such as security, automation, and analytics. In this review, we analyze the various aspects of the system to evaluate the reliability of the platform.
3Commas: first impression
The service claims to provide all the tools you need for profitable crypto portfolio management. However, we could not find a verified track record for the company which raises doubts about its reliability.
What’s 3Commas?
This crypto platform provides trading tools that help traders achieve profits in any market condition. The bot is effective in reducing average acquisition expenses which increases the profit you earn with each trade.
Using 3Commas
With the SmartTrade and Terminal features, the service helps you to set your trades from the specified triggers. The bot takes over the trading for you. For newbies, preset bots are present that will help you skip the learning curve and start trading like a pro.
The deposit and withdrawals for the trades are done through your exchange account, so the bot does not have any deposit or withdrawal requirements
How to install 3Commas software?
To set up the software here are the steps you need to follow:
- Visit the official site and register for an account
- Log in to your account and connect it with your exchange trading account by generating API keys
- Now choose a bot from the service and set the trading requirements
- The bot will start executing orders on your behalf
What does 3Commas have to offer?
Some of the main features of the platform are:
Smart trade feature
The feature allows effective trade optimization enabling you to sell/buy crypto coins in a single interface. It includes smart cover, multiple-target selling, concurrent TP and SL, and more.
Automated trading
The bots use efficient algorithms and technical indicators to work 24/7. You can use long or short algorithms, analyze the bots and copy them, and use the deal close signals from Trading View.
Portfolio management
You can create portfolios with any coin amount, balance it by maintaining coin ratios, view the incomes of other users, copy and edit coin ratios, and more with this feature.
Trading strategies offered by 3Commas
Different strategies are used by the bot for different market conditions. For bear markets, you have the DCA short bots, for bull markets, the DCA long bots, and for sideways markets, the grid bots are present.
How 3Commas pricing works
A free plan, a starter ($14.5/month), Advanced ($24.5/month), and a Pro ($49.5/month) are present. More than 18 supported exchanges, integration with TradingView, over 20 trading features, a single portfolio for all crypto accounts, free mobile apps, and multiple level referral programs are the features common to the packages.
Fees & commissions
The bot does not charge fees or commissions for the trades it makes via the selected exchanges.
Available exchanges
The bot supports the following exchanges:
- FTX
- Bitfinex
- Bybit
- Binance
- Binance Us
- OKX
- Bitmex
- Bittrex
- Bitstamp
- Poloniex
- Deribit
- Huobi
- Kraken
- FTX US
- Gate.io
- Crypto.com
- Gemini
- Coinbase Pro
- Kucoin
3Commas company overview
The company was started in 2017 with the mission to stabilize crypto earnings without emotion-driven losses. It is based in Vancouver, Canada. The platform has over 220,000 users and more than 18 exchanges supported.
3Commas time in business
The firm has been in the field since 2017 offering a simple interface. It aims to develop sophisticated tools for simplifying trading, and maintaining transparency, trustworthiness, and reliability.
Customer support and user experience
The platform offers an FAQ section, a blog, links to social media, and email addresses for support.
Security, safety, and privacy
No withdrawal or transfer feature is present for the bot. Due to the use of API keys for trading, your info is kept safe. The API keys are encrypted.
Is 3Commas for all traders?
The free trial, user-friendly interface, diverse strategies, and efficient bots make it suitable for beginners and seasoned traders.