3Commas Review 2024: A Premier Automated Trading Platform

3Commasis an online trading platform where crypto enthusiasts can use various tools and strategies provided by the platform to become successful crypto traders. 3Commas provides its users with self-operating trading bots that can be programmed to handle all automated trading operations without any supervision!

In this 3Commas review, we determined that the smart trade platform enables crypto enthusiasts to engage in trading; thus, they can effortlessly adjust their trading strategies and become in charge of the profit and stop-loss commands.

3Commas Overview

Official Website https://3commas.io/
Established 2017
Available Payment Options Visa, Mastercard, Paypal, Bitcoin
Cloud-Based Yes
Supported Exchanges Binance, FTX, OKX, KuCoin, Coinbase Advanced, and more.
Mobile Support Android and iOS
Plans and Pricing Free, Light, Advanced, and Pro
Free Trial Gain access for 3 days to the PRO plan. No credit card required.
Academy Program Yes
Affiliate Program Yes
Customer Support Live Chat, Email, FAQs, and Social Network Support

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Extraordinary 3Commas Features

3Commas Features

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Automated Trading with Trading Bots

The 3Commas trading bot can be fully automated for futures, grid, and DCA trading, which have proved to be excellent performers, executing trading strategies at scale. We all know that the crypto market never stops, and neither do 3Commas bots. They are automated crypto trading tools available on 3Commas and supported on more than 18 major crypto exchanges.

Automated trading offers traders more opportunities to seize their gains. With the automated 3Commas trading bots, there is no fear of manual trading, which is nearly impossible in a market like crypto, where monitoring is required 24×7. Simply set up the 3Commas bots to operate under any contingency and sit back to let the bots do their job.

Manual Trading with Smart Trade

Manual trading is also possible on the 3Commas crypto bot platform, where traders can manually open and close their positions based on predetermined algorithms. Manual traders can use the 3Commas Smart Trade terminal to consolidate their information and set up alerts to avoid missing profitable opportunities. With Smart Trade, manual traders can create their settings to a preset and send it to the 3Commas Webhook to close the trade made from the preset.

Note that the 3Commas Webbook signals only trigger the preset to open a trade. It does not hold the setting information created.

Marketplace

3Commas Exchange has a marketplace where users can find the different providers offering monthly subscriptions for their signals. Many offer signals free of cost, while others charge a small fee for them. Generally, the thumb rule is that higher quality signals have higher subscription rates. Once the user subscribes to a particular signal provider, they can start creating a 3Commas bot with the provider’s recommended settings. 

API Access

3Commas is a crypto platform that allows users to set up automated bots for trading crypto non-stop and access the crypto market for preset and minimized risks. API metrics observer agents on 3Commas monitor all API keys under the domain of 3Commas. To get real-time verification and observability of 3Commas API, sign up with APImetrics today. Developers who use the 3Commas trading API can perform trades on the platform, which involves monitoring trading activities, managing trade positions, and placing new buy/sell orders. 

TradingView

One of the best trading features offered by the 3Commas platform is the TradingView function. It is the best trading signals marketplace method for a crypto asset. TradingView is the most trusted technical analysis system in digital trading.

The system offers extensive trade analysis functions like 100+ indicators to analyze the price fluctuations of an asset and trading strategies most compatible to make it profitable. 3Commas also enables veteran traders to create customized signals.

Crypto-Signal

When a trader initiates their first few purchases, one of the easiest methods for them to open successful trades is by following the trading signals of experienced traders. At 3Commas, the users can easily do this using the Signal Marketplace feature. They need to connect their exchange account, search for their signal provider, and set up a new signal bot. Once done, they can relax as the best crypto trading bot handles the further process.

Whenever a signal originates from the end of the signal provider, the bot will spring into action, and as per the time established by the signal provider, it will execute a new trade asap. The process of using it is straightforward. The users need to connect their cryptocurrency exchange account with the platform, choose a signal from the market and subscribe, and create a bot to launch it.

3Commas Review: Crypto Signals

Portfolios

3Commas offers easy portfolio management where users can create portfolios with their asset allocation and rebalance their accounts with a few simple clicks. They can also add multiple trading accounts and tag their portfolio to check their daily profit and loss. With 3Commas portfolio management, users can keep their investments in a single place, collect all their assets in a single portfolio by connecting their wallets and exchanges, and create their individual accounts for their favorite coins and tokens.

Referral Program

The 3Commas referral program allows users to earn through automatic crypto trading using the sleek and accessible trading tools and the new dedicated Single Bot made available for all 3Commas TradingView users. With every successful referral, users can get 25% of their referrals shared, and the referrals can save up to 50% on their annual plan.

3Commas Review: Pros and Cons

Pros Cons
Supports over 14 leading cryptocurrency exchanges. Costly for novice traders.
Affordable plans. Overwhelming for new users and beginners.
Serves crypto enthusiasts from all over the world. The platform does not offer a desktop application.
Options like paper trading, margin trading, and more. are available
Smooth and straightforward KYC process.
A trading academy for beginners.

Crypto Trading Bots Available at 3Commas

3Commas automated trading strategies are the new revolutionizing thing in crypto trading. A 3Commas trading bot offers users strategic support in placing successful trades. The best crypto trading bot monitors the trades the users open, and some even place bets for them after analyzing unexpected market moves.

Max Safety Trades and Active Safety Trades are the two safety trade components. The bots open safety trades by calculating the safety trade size. 3Commas also have specific trading bots for different exchanges, known as composite bots.

3Commas Trading Bots

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DCA Bots

DCA stands for Dollar Cost Averaging, a trading strategy related to making investments into a currency at prefixed gaps to lower the entry price of a market position over a fixed period and negate the risk of volatility. There are two types of DCA bots offered by the 3Commas, a DCA long bot and a DCA short bot. The former DCA bot helps traders calculate the average price, and the latter assists in analyzing base crypto.

For example, a user has $5000 for trading and invests $1000 monthly. If he gets the initial trade price of $100 and then the subsequent ones as $90, $70, $80, and $95, he would have to pay $100 in the starting, which costs him 20% extra.

However, by using the DCA bots, users can minimize this cost as the bots place every trade at a fixed monthly time by themselves. Using the dollar cost averaging bots is straightforward; users must choose a bot, connect it with an exchange, finish the configuration, and start viewing the stats.

Grid Bot

Grid bots are a type of automated trading bots that help users in taking profits automatically. They must select a coin and investment amount and leave the rest to the grid bots. The crypto trading bots automatically buy the crypto preferred by the trader when its price drops and sell it when the price rises.

Setting up a grid bot is an effortless task, as the intuitive user interface of the 3Commas crypto platform helps the users launch the crypto bot quickly. The process of launching the grid bot is as follows.

  • The traders must select low-value coins and the amount they want to invest.
  • Now, set the boundaries for the grid bot to buy and sell to the profit targets.
  • Finally, they can customize their own bot and research and trading strategies for the best efficiency!

To use the grid bots, they must first register on the platform. Then, select their preferred exchange, choose the bot mode (Manual/AI), and launch it.

Options Trading Bot 

Options are one of the most complex types of financial assets to handle; however, all its complexity is worth it as the profitability potential of options is highest amongst all types of tradable assets. To simplify the process of options trading and significantly negate the risk factor, 3Commas has launched the feature of an options bot for users.

Option bots are trading bots that simplify the process of options trading by using advanced AI algorithms to analyze the market factor and act accordingly. Some of the main benefits of using option bots are the instinctive calculation of price based on active market conditions, easy tracking of profit and loss, the ability to decipher the success chances of a trading strategy, and a user-friendly interface.

HODL Trading Bot

Here is another type of 3Commas trading bot for the users that help them in handling the technicalities of crypto trading. With the help of this crypto trading bot, they can build their portfolios at a meager cost of acquisition. With the HODL bots, they can negate any hassle they face while implementing their trading strategies.

HODL bot follows a traditional DCA strategy but offers the users a more flexible approach. Using the 3Commas HODL bot, the users can specify the asset they want and how many times they want to buy it. It means the bot will buy every time the price drops or goes high, ultimately conquering the variation one may have in the performance of their portfolio.

How to Set Up 3Commas Bot?

To set up three 3Commas trading bots, follow the simple steps mentioned below for easy 3Commas login – 

3Commas Login Process

  • Log in to a 3Commas account or create a new account by completing the registration form. 
  • Choose a demo account or connect with a crypto exchange to start with real trading. 
  • Set up the first bot from the list of exchanges that support single/multi-pair DCA bots. 

Note that users can check the official website for advanced DCA bot interface and primary settings.

3Commas Exchanges

One of the main features of the 3Commas trading platform is the availability of 14 exchanges on the site. The users can select their preferred exchange and start their cryptocurrency trading journey with the help of investment advice given by the trading site. All the supported exchanges by 3Commas are as follows:

  • Binance
  • OKX
  • KuCoin
  • Coinbase Advanced
  • Binance TR
  • Binance US
  • Bitfinex
  • Bitstamp
  • Bittrex
  • Bybit
  • Crypto.com
  • Gate.io
  • Gemini
  • Kraken

3Commas Bot Review: Security

3commas Security

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On December 28th, 2022, 3Commas experienced a security breach in which a hacker disclosed the API keys of 100,000 users on the Pastebin website. In response to this incident, the company is taking steps to improve security and regain the trust of its customers. Co-founder and CEO Yuriy Sorokin has issued an official statement addressing the hack and expressing his concern.

To address the data leak, 3Commas has created an isolated Sign Center with additional security layers for exchanges and expanded IP whitelisting functionality to give users greater control over their security options. This incident has also affected the overall 3Commas review and impacted the users, but the team of 3Commas is not letting it happen again.

3Commas has implemented the Sign Center, a secure storage system for API keys, to enhance the security of their systems. This new feature adds extra layers of protection to the 3Commas platform. When a trade request is made to an exchange, 3Commas services will ask the Sign Center to sign the transaction, identical to how Metamask or Ledger sign a transaction.

The added security measure will prevent future hacking incidents and give users peace of mind that their money and data are protected. You can check their steps and share them as a security checklist with details of major exchanges and the current status.

From the above example of the actions taken after the hacking incident, 3Commas has a reputation for pushing the envelope, particularly when it comes to ensuring that the community receives better service. It is one of the popular exchanges that strives to advance in cryptocurrencies. Find out how new 3commas updates improve the trading experience.

Pricing Plans

3Commas Pricing Plans

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There are four plans with different features to suit all types of traders. Users can choose from a wide range of 3Commas pricing plans based on their requirements. Choose any one of the four accounts mentioned below –

Check the comparison and features available per plan as follows:

Plans Pricing
Free Lifetime
Light $9.9 per month (paid annually)
Advanced $24.5 per month (paid annually)
Pro $49.5 per month (paid annually)

The above plans have the following features available –

Compare Plans Free Light Advanced Pro
Grid Bot 1 1 1 Unlimited
Options Bot 1 10 1 Unlimited
DCA Bot 1 10 Limited Unlimited
Active Smart Trading 1 Unlimited Unlimited Unlimited
Scalper Terminal Unlimited Unlimited Unlimited Unlimited
Paper Trading Yes Yes Yes
Paper Trading Yes Yes Yes Yes
Margin Support Yes Yes Yes Yes
TradingView Integration Yes Yes Yes Yes

Ambassador Program

3commas Ambassador Program

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Did you think 3Commas was just all about active safety trades? Well, here is another excellent product offered by the trading platform. A highly lucrative ambassador program where the user can earn additional profit by referring the platform to other users. Key points about the referral program of 3Commas are as follows:

  • The ambassadors will get up to 40% uncapped commission on their referrals for their lifetime.
  • The users can track their progress by using statistics.
  • No minimum payout threshold, so one can take out whatever one earns.
  • Commission cycles of 3Commas take place every 14 days, and the users can choose their preferred currency.
  • Dedicated account managers would be there to help the ambassadors.

3Commas Trading Bot: Affiliate Program

Anyone on the 3Commas crypto platform can join the affiliate program and inspire crypto enthusiasts to join and experience the world‘s best-automated cryptocurrency trading. The top performing affiliates will get an opportunity to earn up to 60% of revenue share paid in fixed intervals.

The rewards are directly credited to the affiliate’s account from the crypto exchanges. 3Commas employs a flexible referral model, allowing users to increase their profit share by up to 60%. To get started with the 3Commas Affiliate Program, all you need to do is submit an application, invite friends, and get paid for every subscription the referred user purchases.

3Commas – Learn at Academy Program

3Commas Learn Academy

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According to several 3Commas reviews, this platform takes care of the users’ trading process and helps them become experts by providing them with a trading school. The crypto medium has an academy function, a one-stop guide to everything related to crypto.

Whether a new user is trying to grasp the concept of mining and creating a paper trading account or a seasoned crypto holder is trying to develop a trading strategy, the program has video tutorials for everyone. Some of the main offerings of the 3Commas learning program are as follows:

  • All about Bitcoin mining at home
  • Everything related to trading, like social trading, wall, and all
  • Technical analysis
  • Blockchain
  • Glossary

Customer Support

3Commas Customer Support

 

There are various reasons why 3Commas is one of the best strategy trading platforms, and one of them is its commitment to customer satisfaction. The platform has put together a highly responsive and friendly customer support team that helps traders all over the globe. If the users face any issue, they can quickly contact the customer support representatives of 3Commas via various means.

Users can choose the live chat function and email support or connect with them over other social media channels like Instagram, Facebook, Telegram, and Twitter. The platform also has comprehensive FAQ and Blog pages that are enough to solve the primary issues the users face.

Under the community section, they can also find other methods like Reddit, Discord, and other informative pages. The traders can also refer to the Youtube channel of 3Commas, where they keep posting various tutorial videos.

3Commas Review: Conclusion

3Commas is a simple-to-use and highly customizable crypto trading bot with advanced features and tools to suit the needs of all kinds of traders. It can be used on more than 14 crypto exchanges along with the popular TradingView platform. Hence, the tools can be used on any 3Commas-supported exchanges and assets.

Overall, 3Commas offers unique features such as automated trading, manual trading with Smart Trade, a marketplace, API access, portfolio management, and a rewarding referral program.

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FAQs

Is 3Commas legit?

3Commas is one of the financial market’s most secure cryptocurrency trading platforms. It has incorporated crucial steps to protect its customers, such as an encrypting API key, 2FA system, and SSL encryption.

How quickly can you make money by 3Commas?

One can start making money by 3Commas from setting up the bots. The automated bots use AI algorithms to open profitable trades.

How to withdraw money from 3Commas?

One cannot withdraw money from 3Commas as it is an automated trading platform that does not take monetary deposits from its customers.

Who owns 3Commas?

Yuriy Sorokin, Egor Razumovskii, and Mikhail Goryunov are the founders of 3Commas.

How to connect Tradingview to 3Commas?

To open/cancel/close trades with TradingView – Create a DCA trading bot with Deal Start Condition or Deal Close Condition. Use the messages from the bot to deliver appropriate signals. Create alerts on TradingView using the messages. 

How to a refund from 3Commas.io?

If a refund request has been placed within 14 days after a successful payment, users will get their full refund according to the refund policy. However, the refund is deemed unavailable if the request is made more than 14 days after payment. To place a refund request on 3Commas.io, users must submit the request via email or the widget on the website.

How do you connect 3Commas with an existing Binance account?

To connect 3Commas to a Binance account, go to My Portfolio and select the Connect a New Account tab. Navigate through the crypto exchanges available and choose Binance from the options. Enter Connect Binance, choose any Binance Futures Exchange, and enter Add to connect 3Commas with an existing Binance account.

Is 3Commas trustworthy?

On 28th Dec 2022, 3Commas’ users’ API containing 100K keys was disclosed by a hacker’s statement shared on the Pastebin website. 3Commas officials are investigating the incident and have also introduced an isolated Sign Center to ensure the security of their system. The team is working on strengthening their security to keep their customer’s trust with all official updates about the upgradation.

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