3Commas is 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!
While writing our 3Commas review, the platform allows crypto enthusiasts to get involved in smart trading, which means they can easily modify their trading strategies and become in charge of the profit and stop loss commands.
|Available Payment Options||Visa, Mastercard, Paypal, Bitcoin|
|Supported Exchanges||Binance, FTX, OKX, KuCoin, Coinbase Pro (GDAX), and more.|
|Mobile Support||Android and iOS|
|Plans and Pricing||Free – Forever |
Light – $9.9 per month (With Annual Payment)
Advanced – $24.5 per month (With Annual Payment)
Pro – $49.5 per month (With Annual Payment)
|Free Trial||3 days of full access to our PRO plan, no credit card required|
|Customer Support||Live Chat, Email, FAQs and Social Network Support|
3Commas trading platform as a tool enhances the practice of automated trading, but gradually, it has upgraded to help traders from all over the world to become successful in their trading endeavours.
To make automated crypto trading simple for the users, the 3Commas platform offers them numerous affordable membership plans with lucrative features, so they can start trading immediately!
In this 3Commas review, you will find details about the 3Commas bot; we will provide complete information about this excellent crypto trading bot platform.
How Do the 3Commas Work?
3Commas is one of the highly preferred crypto services among the community of crypto traders. The platform offers users multiple advanced trading features such as smart trading tools and automated trading bots by utilizing which they can enhance their profits and minimize the risks significantly. To take advantage of 3Commas, the traders must create a 3Commas account on the platform to connect to an online exchange using the API integration feature.
Some more features offered by the 3Commas trading bot are manual trading via smart trading tools, multiple sell targets, smart cover, crypto signals and charts from trading view, short and long algorithm, automated bots, paper trading, trading strategies, and an intuitive dashboard to track multiple exchanges. Some benefits of using the 3Commas trading site are mentioned below.
- The users can track their trading portfolios by using various tools offered by the platform. They can either create a new portfolio or link their old ones. On the intuitive user interface, they can monitor their progress and thoroughly analyze successful traders’ portfolios.
- The traders can use the trading terminal of 3Commas, known as “Smart Trade,” to manage numerous investments across different exchanges simultaneously. Moreover, they can also place unconventional orders not offered by those exchanges. The traders can use the “Stop Loss and Trailing Stop” feature to minimize their losses and “Take Profit, Trailing Take Profit, and multiple Take Profit Targets to enhance the profits.
- Users can use the grid bots to buy and sell a crypto asset at pre-fixed levels. They have to set the minimum and maximum limits, and the grid bot will do the rest of the work.
- 3Commas help the users to increase their investment portfolio by using the DCA bots. Using the strategic DCA bots, the users won’t have to face a trading crisis if the price of an asset goes down!
- The options bots feature of the platform allows the users to initiate trades on the Deribit platform using its strategic algorithm. Options may be challenging for them, but using the simple bots makes it easy to take a profit and stop losses.
Before starting with 3Commas, the users must create a 3Commas account on the platform and activate the two-factor authentication system to secure their trading account. There are multiple ways of registering on the forum, one is manually by using the email id, and the other is by Facebook.
Tools for Markets
3Commas offers traders worldwide the best tools for every bot type of market. These highly sophisticated marketing tools significantly help users in upgrading their trading game. These phenomenal tools work with all 17 major crypto exchanges supported on the platform. The marketing tools offered by 3Commas are mentioned below.
- Trade Automation: The best feature of the 3Commas trading medium is the option of using automated bots that remains active with the market condition. DCA, GRID, Options, and Future bots can place trades without any news of traders’ supervision, which means no opportunity goes awry.
- Analytics: The intuitive dashboard 3Commas keeps the traders updated about the performance of their assets. It helps the users optimize their trades in case the market situation changes suddenly.
3Commas Pros and Cons
|Supports over 17 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.|
|A plethora of features to upgrade manual and automated trading, like paper trading, automated trading, margin trading, and social trading.|
|Smooth and straightforward KYC process.|
|A trading academy for beginners.|
|A great platform.|
|Mobile apps for all the features.|
Features of 3Commas
The smart trading feature is an original offering of 3Commas that allows users to trade on multiple crypto exchanges at once. The traders can buy and sell simultaneously using the smart trade feature. The platform has combined the smart trade feature with the trading view, which significantly upgrades the trading experience.
The smart trade feature provides users with the ability of manually trading. Some of the main benefits of manual trading via smart trade function are concurrent profit and stop loss action, take profit and stop loss trailing feature, ability to sell by multiple targets, smart cover, charts, and signal provided by TradingView. The smart trade function lets users fix their initial trade amount of a particular trade by using the smooth trading dashboard.
Dynamic Trading Terminal
The dynamic trading terminal feature at 3Commas allows users to manage numerous exchange accounts simultaneously. The users can use the smooth interface of 3Commas to manage the exchange accounts and delimitate their potential for trading crypto by taking advantage of all the advanced tools available on the platform.
With the dynamic terminal of 3Commas, crypto enthusiasts do not have to worry about exchange limitations. They can place numerous orders with customized take profit and stop loss settings on very high liquidity without revealing their identity. Some main benefits of this feature are conditional market order, conditional limit order, native orders, and creating order groups (OCO).
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 very easy; the users need to choose a bot, connect it with an exchange, finish the configuration, and start viewing the stats.
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 a very simple 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 target profit. Finally, they can customize their own 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.
One of the best trading features offered by the 3Commas platform is the TradingView function. It is the best method of getting accurate trading signals 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.
The TradingView feature is simple to use, as all the users need to do is connect their bot to a TradingView indicator. After connecting with the indicator, the bot will receive alerts automatically and, on its basis, open the trades accordingly. A cryptocurrency trading bot takes just a few minutes to be configured.
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 strategy, and a user-friendly interface.
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 cryptocurrency 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 very easy. 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.
Another one of the most important features of the 3Commas automated trading platform is the availability of 17 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:
- Coinbase Pro (GDAX)
- Binance TR
- Binance US
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 awesome trading bot, they can build their portfolios at a very low cost of acquisition. With the HODL bots, they can negate any hassle they face during the implementation of their strategy.
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.
Crypto Trading Bots Available at 3Commas
3Commas automated trading bots 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 all the trades opened by the users, and some even place bets for them after analyzing unexpected market moves. 3Commas offers three types of crypto bots: DCA bots, trading grid bots, and options trading bots. All the bot types require different types of configuration.
The main advantage of bot trading is that the users do not have to worry about the opening and closing of a trade as it is handled by automatic trading bots based on bot analytics. In the three types mentioned above of simple bots, the users can customize their bots as per their requirements.
One bot can handle multiple trades opened by the users. Grid bots are the most simple types of bots among all three. Overall, we can say that bot trading could be the future of the cryptocurrency trading world as it has more advantages than drawbacks.
However, to be on the safe side, the users must know that 3Commas offers various safety trades for the users that ensure that they do not lose funds on using the bots. Based on pre-received info from the user’s end regarding how many safety trades can be opened, the simple bots execute safety trades.
There are two components of safety trades: max safety trades and active safety trades. The bots open safety trades by calculating the safety trade size. 3Commas also have specific trading bots for different exchanges, known as composite bots.
The composite bots add sophistication to the trading actions of a trader. Every exchange available at 3Commas has its composite bot, which analyzes the price deviation and acts accordingly.
Did you think 3Commas was just all about active safety trades? Well, here is another great 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 mentioned below.
- The ambassadors will get up to 40% uncapped commission on their referrals for their lifetime.
- The users can track their progress by using statistics.
- There is 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 Bot Review: Security
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 has also affected the overall 3Commas review and impacted the users but team of 3Commas are 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. This 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 they have taken and shared as a security checklist with details of major exchanges and the current status.
3Commas – Learn at Academy Program
According to several 3Commas reviews, this platform does not only take care of the users’ trading process but also 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 trying to create a trading strategy, the program has tutorials for everyone. Some of the main offerings of the 3Commas learning program are mentioned below.
- All about Bitcoin mining at home
- Everything related to trading, like a social trading, wall, and all
- Technical analysis
Let’s come to the final part of being a member of the 3Commas online trade medium. In order to use the platform, there are four plans that allow the users to engage with the platform. All the plans offered under 3Commas pricing are commission-free and do not hold any hidden charges. Complete details about the 3Commas pricing are mentioned below.
This is the base plan offered by 3Commas; under it, the users don’t have to spend any money. It is free forever with limitations of features.
For the starter plan, the traders have to pay an amount of $9.9 per month, and the payment has to be done annually. Regular monthly pricing for the starter plan is $20 per month.
For this membership plan, they have to pay a sum of $24.5 per month and make the payment annually, as monthly payments for non-annual payment is $49.
The most expensive and the most lucrative plan of 3Commas. The users have to pay a discounted amount of $49.5 per month and initiate the payment annually, and the regular monthly payment is $99.
Check the comparison and features available per plan as follows.
|Active Smart Trade||1||Unlimited||Unlimited||Unlimited|
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 easily get in touch with the customer support representatives of 3Commas via various means.
Users can choose the live chat function and email support or connect with them over social media platforms like Instagram, Facebook, Telegram, and Twitter. The platform also has comprehensive FAQ and Blog pages that are enough to solve the basic issues faced by the users.
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.
Conclusion – 3Commas Review
Wrapping up the 3Commas review, we must say that at its core, a 3Commas platform is perfect software for trade enthusiasts who have asset holdings on multiple exchanges. In an overview, the platform helps traders place various trades on exchanges via a single market system. It means one can place a trade of BTC on Binance, Coinbase, and Kraken at the same time without having to do it separately.
Moreover, the priced plans of 3Commas are worth purchasing because a vast range of advanced trading bots and other features are given to the users. If the users do not want to plunge directly into buying the premium plans, they can also try it out by using the junior price plan to sign up for free.
On a parting note, we highly recommend the platform and must tell the users that it may be the best time to buy a trading plan at 3Commas as it is offering huge discounts right now!
Is 3Commas legit?
3Commas is one of the financial market’s most secure cryptocurrency trading platforms. It has incorporated various crucial steps to protect its customers, such as encrypting API security keys, 2FA system, and SSL encryption.
How quickly can you make money by 3Commas?
One can start making money by 3Commas from the moment of setting up the bots. The bots use AI algorithms to open profitable trades.
How to withdraw money from 3Commas?
One cannot withdraw money from 3Commas as it is a automated trading platform that does not take monetary deposits from its customers.
Is 3Commas trustworthy?
On 28th Dec 2022, 3Commas’ users’ API containing 100K keys were disclosed by hacker’s statement shared on Pastebin website. 3Commas officials are investigating the incident, and they have also introduced an isolated Sign Center to ensure the security of their system. The team is working on making their security strong enough to keep their customer’s trust with all official updates about the upgradation.
Is the 3Commas bot profitable?
Trading bots save a lot of time by allowing you to place hundreds of trades, which would not be possible manually. Hence, the 3Commas bot’s profitability is more consistent than manual trading.
How does the 3Commas grid bot work?
The grid divides the investment amount between the left and right sides in the bot of the pair and sets up a limit on buy and sell orders within the channel. Then after, it will automatically perform the trade on your behalf.
What is smart trade in 3Commas?
The smart trade in 3Commas allows you to plan both buying & sell at the same time. You can set up stop loss and take profit simultaneously and even before purchasing the coin.