3Commas is an automated crypto trading platform that claims to let merchants earn gains, no matter what the market scenario might be. As per the vendor’s claims, it has a strategy for every type of market. Also, the robots on this platform can bring down your expenses and enhance your profits.
Here are the key features of this platform:
- Dollar-cost averaging bots
These bots divide up the total investment amount across periodic purchases in order to reduce the effect of volatility. They can help you take advantage of uptrending, downtrending, as well as sideways markets.
- Advanced trading terminal
The terminal lets you create your own triggers for future trades. This means the bots will place trades in accordance with the triggers whenever there is an opportunity. There is no need to monitor the operations or make manual inputs.
- Preset settings
If you are a beginner, you might not have the required knowledge to build bots on your own. In that case, you can simply use the preset settings created by pro traders.
- Trading signals
This is yet another feature that is useful for novice traders. By integrating signals into the automated system, you can mimic the orders placed by experienced professionals.
Verdict: Beginner-friendly system offering trading signals and readymade bots.
How to start with 3Commas?
Following your visit to the official webpage, you ought to click on the Start trading button located in the top-right corner. This will take you to the registration page where you need to provide your email and choose a password. After that, you can select a plan and begin trading after linking your exchange account.
There is a free plan that lets you trade with one DCA, Grid, and Options bot each. The paid plans are known as Starter, Advanced, and Pro and the monthly charges for them are $14.50, $24.50, and $49.50, respectively. Compared to the market average, the plans are quite affordable. There is a 3-day free trial for each plan.
Minimum first-time deposit requirement
The vendor has not mentioned the minimum deposit requirement for this bot.
All trading operations are carried out through your exchange account. The platform does not have permission to initiate withdrawals.
What about subscription fees and commissions?
The only subscription fees you need to pay are the ones for the pricing plans. There are no added commissions.
3Commas review: user interface
The user interface provides you with a quick overview of your exchange accounts and trading activity. All the options are clearly laid out and the interface is pretty easy to navigate, even for beginners.
This platform has an excellent rating of 4.4 out of 5 on Trustpilot. Users have praised the fact that the bots can be easily configured and that they generate steady profits.
The platform was founded in 2017 by three individuals. We don’t have background information on the team members. The headquarters of this company is located in Tallinn, Estonia, and it also has a representative office in Canada.
What exchanges does 3commas support?
There is a total of 18 supported exchanges, namely Binance, FTX, Huobi, OKX, Bybit, KuCoin, Gate.io, BitMEX, Kraken, Bitfinex, Deribit, Binance US, Bitstamp, Gemini, Bittrex, Coinbase Pro, Poloniex, and Crypto.com.
The languages supported by the platform include English, French, Chinese, Korean, Turkish, Russian, Portuguese, Spanish, Czech, and German.
Is 3commas secure?
Yes, it is a secure system that connects to your exchange account with the help of API keys. Also, it does not have withdrawal rights, so even if somebody accessed your account, they won’t be able to access your assets.
Is it a regulated crypto trading platform?
Since the trades are not placed through the platform, it is not regulated by any authorities.
On the official website, there is a help center with a wealth of articles that will help you get started. If you require assistance, you can reach the support team at the official email address. Alternatively, you can use the live chat feature.