3Commas is a trading platform that is utilized globally, with some of its 220,000+ traders located in the US, Oceania, Europe, Australia, Africa, and Asia. It was founded in 2017, and has grown so much to become one of the most reputable services in the crypto space.
3Commas is a trading platform that focuses on helping users increase their investments through its automated bots that work with multiple exchanges.
Automated trading at 3Commas: how does it work?
3Commas works by providing a smart trading terminal and automated strategies to place multiple buy/sell orders across multiple exchanges.
3Commas bot features
Here are some of the platform’s features:
- Smart trading terminals
These make it possible for users to set their trades according to the triggers they specify and leave the bot to handle the rest of the trading.
These display the performance of your trades in real time, so you know when to let them run and when to optimize them.
- Paper trading
It is possible to test your strategies without real money to see how the software performs first.
3Commas trading strategy: DCA bot and grid bot
You can use the DCA short bots to borrow and sell tokens at the current price, and purchase them back at a decreased price. DCA long bots are utilized to buy the natural dips and sell the spikes as the price increases over time. Grid bots focus on picking up inexpensive tokens when they hit support levels and selling them when they are close to resistance levels.
Steps to follow to trade with 3Commas
Follow these steps to start using this bot:
- Create a free 3Commas account using your email address and confirm the link sent there
- You can now access a free 3-day trial subscription plan to test the platform
- After the free plan expires, select a payable subscription plan of your choice
- Make your payment, and 3Commas will be yours to trade with
3Commas fees & account minimum requirements
All of 3Comma’s plans are said to be commission-free with no hidden charges. The minimum deposit requirements will depend on the type of bot, exchange platform, order size, crypto coin used, etc.
3Commas is designed to support these 18 exchanges:
- Coinbase Pro
- FTX US
The platform supports thousands of coins already available on the above cryptoexchanges. Some include Ripple, Ethereum, Bitcoin, Tether, Litecoin, Monero, Dogecoin, Polygon, and so much more.
Though the devs say that the platform is profitable, there are no real statistics to back up this claim.
How to withdraw your funds with 3Commas
The vendor doesn’t encourage withdrawing your funds through this platform for security reasons.
Is it a costly crypo trading tool?
3Commas is inexpensive. You can get the Forever plan for free and obtain access to the grid, options, and DCA bots. To get more features, you are better off subscribing to the Starter, Advanced, or Pro plans and paying $14.5/year, $24.5/year, or $49.5/year, respectively. Some of the additional features you may enjoy include unlimited active smart trades, paper trading, and unlimited scalper terminals.
3Commas security and safety
Your funds are normally stored in your exchange, so 3Commas cannot access them, let alone withdraw or transfer fiat or crypto coins. The platform only connects with your exchange through API keys, and hence cannot obtain your log-in info. Moreover, 3Commas safeguards user data with enterprise-grade tools from Cloudflare, including DDOS attack protection, web application firewall, and SSL/TLS encryption between visitors and origin servers.
3Commas regulation and legitimacy
3Commas team members
The main individuals behind the development of this bot are Yuriy Sorokin, Egor Razumovskii, and Mike Goryunov. They also work with other professionals, but we are not introduced to any of them.
Is 3Commas customer support good?
The customer support offered by 3Commas is undoubtedly good. From providing its email address, incorporating a live chat window, to featuring a knowledge base and FAQ section, 3Commas ensures that your questions are not left unanswered. You can even seek more support through its social media networks like Telegram, Facebook, YouTube, Reddit, and Twitter.
Offering a simple and intuitive interface for traders is one of the core principles of 3Commas. The team relies on user feedback to grow the platform and ensures that anything it develops for the community remains user-centric.
Is choosing 3Commas the right choice for you?
Yes, it might be. The platform’s trading bots will save you lots of time by enabling you to place hundreds of trades simultaneously, something you can’t do manually.
3Commas Crypto Bot Conclusion
3Commas is a legit platform that can make your trading in the cryptomarket worthwhile. Not only does it offer numerous trading techniques, but also gives you access to thousands of coins to expand your income base. Furthermore, the platform is free and won’t demand commissions on your earnings.
Ease of use