A Detailed Review Of The 3Commas Crypto Trading Platform

With the evolution of the cryptocurrency world, traders now have an ever-increasing range of tools and services that can simplify the trading process. These tools are not only for experienced traders but for novice ones as well. 3Commas is a comprehensive cryptocurrency platform that allows users to trade using automated trading bots as well as copy-trading. 

Platform overview

3Commas is a cryptocurrency trading platform that provides a platform for users to build their own automated trading robots. It is a platform that is well integrated with some of the best crypto exchanges in the world and has salient features such as dollar-cost averaging, portfolios, and others. 

3Commas provides traders access to several tools that can help improve trading efficiency and effectiveness. The main aim of the platform is to improve the chances of investors to profit, minimizing losses and risk levels. The 3Commas trading robot is central to the platform. It operates as a web-based service, working in conjunction with several devices and exchanges. 

Currently, the platform handles over $10 million of daily trading volume and works with exchanges such as Huobi, Bitfinex, and Binance. This lets it keep up with the different types of orders encountered on different exchanges and use effective stop-loss and take-profit strategies. 

Pricing and Fees

3Commas provides a free three-day trial subscription for anyone who signs up. The free plan includes 1 GRID bot, 1 Options bot, 1 DCA Bot, 1 Active Smart trade, and an unlimited scalper terminal. Beyond that, the pricing model for the packages is quite reasonable for the services they offer. There are three types of plans – Starter, Advanced, and Pro. All the packages are cheaper if one signs up for a year rather than on a month-to-month basis. 

The Starter package is priced at $29 per month or $174 per year and provides a grid bot, an options bot, a DCA bot, unlimited active SmartTrades, a scalper terminal, and paper trading. The advanced package is priced at $49 per month or $294 per year and comes with a grid bot, an options bot, unlimited DCA bots, unlimited active smart trades, unlimited scalper terminals, and paper trading. Lastly, the Pro package is priced at $99 per month or $594 per year and provides an unlimited number of grid bots, options bots, DCA bots, Active SmartTrades, and Scalper terminals as well as paper trading. Payment options are flexible, with 3Commas allowing subscriptions to be paid in either fiat or crypto. 

Additionally, any FTX user will have free access to the Pro package for life. Users registering a new Binance account also get 30 days’ worth of 3Commas services free. 

Key Features of Importance to Traders

At 3Commas, traders have access to a multitude of tools and services ranging from portfolio tracking, manual trading, SmartTrade, Trading Terminal, automated trading, options bots, grid bots, DCA bots, signals, and a detailed education hub. However, there are certain reasons why 3Commass is a cut above the rest of its peers. 

  • The level of functionality

3Commass uses a web-based platform that is easy to use, allowing novice traders to easily access several functions and detailed analytics. The interface easily allows traders to use short, simple, and composite trading bots and set stop loss and take profit targets. They can even customize their own trading strategies. 

  • level of technology

At 3Commas, traders can conduct automated trading via API integration with cryptocurrency exchanges. The bots can work around the clock on any device. Their mobile apps are compatible with iOS and Android. 

  • Several tools

At 3Commas, there is a wide range of trading tools besides automated bots and performance analytics. It allows users to create, analyze, and back-test crypto portfolios. They can even monitor the best-performing portfolios created by other users. By using the social trading function, traders can follow and copy the actions of successful traders on the platform in the hopes of replicating their success. 

  • Integration with exchanges

3Commas provides automated trading bots for HitBTC, CEX, GDAX (Coinbase Pro), OKEx, Huobi, Bittrex, Bitfinex, Binance, Bitstamp, KuCoin, Poloniex, and Yobit. 

  • Customer support level

The customer support team can communicate in both English and Russian and are responsive on a 24/7 basis. The customer support team can be contacted by submitting a request in the Help Centre as well as through Twitter, Telegram, and Facebook. There is even a detailed FAQ section available as part of the Help Centre that addresses most of the common queries that traders have. There are also instructional guides that help users navigate the platform. 

  • level of security

3Commas has security options such as two-factor authentication and notification alerts. With notifications, users are alerted of every attempted login attempt on their account. 3Commas also employs new IP detection and sends users emails when they log in from a different location. The 3Commas team has ensured that all their users’ personal data is protected by measures such as secure servers and encryption. 

  • Referral Program for 3Commas

3Commas provides 25% of both crypto and fiat payments for first-time referrals. This allows users to profit from sharing 3Commas with friends, family, and followers. It’s as simple as clicking on a link, inviting friends, and earning a 25% commission for each successful referral. 

Final Verdict 

The current market is filled with trading bots that are difficult to understand and use, especially for novices. Many times, they don’t deliver what they promise and don’t turn out the way traders expect them to. These pertinent problems have been solved by 3Commas, by producing a trading bot that is easy to set up and use. 

3Commas also distinguishes itself from other trading robots by offering integration with leading exchanges such as Huobi, Coinbase, and Binance. The dashboard is easily navigable and provides several options for configuring trading bots according to their preferences. The incorporation of features such as portfolio tracking and social trading make 3Commas a cut above the rest. It is ideal for anyone wanting automated trading in cryptocurrencies.

Disclaimer The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.