The 3Commas is a unique online trading platform offering widespread strategies and tools for passionate individuals to become adept crypto traders. It provides registered users with crypto trading bots that can be customized and programmed to accomplish every automated trading task without human supervision.
Our 3Commas review will cover the key features, setup procedure, and pricing details of the trading bots on the 3Commas crypto platform.
The 3Commas supported exchanges are 17 in number and include Binance, OKX, KuCoin, and Crypto.com, among others. Below are the salient features the platform offers.
Our 3Commas trading bot review found the following categories of 3Commas trading bots:
3Commas DCA Bots operate on the DCA or the Dollar Cost Averaging trading strategy. This strategy works on making cryptocurrency investments at predetermined time spans to reduce the market position’s entry price over a stipulated period, reducing volatility risks.
GRID Bots are programmed to purchase the chosen crypto when its price falls and sell it the moment its price rises.
Of all the 3Commas trading bots, the Options Bot simplifies trading and nullifies the associated risks by employing AI algorithms.
TradingView - This feature enables traders to buy and sell simultaneously. The numerous indicators meant to analyze an asset’s price fluctuations and the compatible trading strategies are matched to increase the profit base. Expert traders have the privilege of creating signals fitting their customization. One only needs to connect the 3Commas bot to the trading view indicator; after that, it works independently. Concurrent currency rate charts and trading view signals can be viewed in a single window.
Academy Program: The Academy Program is the guide to all aspects of crypto and provides the necessary tutorials. The tutorials include a guide to mining crypto coins at home, with all information on trading, technical analysis, and blockchain.
Ambassador Program: This is an intensely profitable program in which you earn more profit as a user by referring this platform to others. A lifetime unlimited commission of up to 40% is the reward for your referrals. You enjoy several privileges, such as tracking your progress, choosing your preferred currency, drawing your earnings at any time, and receiving assistance from dedicated account managers.
Marketplace: The Signal Marketplace feature at 3Commas aids beginners in opening successful trades by trailing the trading signals of expert traders. Users only need to connect to their exchange account, search for the required signal provider, and set up the 3Commas bot. The bot plunges into action when it senses a signal from the specific signal provider.
Mobile Application: All notifications concerning the deals are received on your browser through the available mobile application.
Setting up 3Commas trading bots to assist in crypto trading is quite straightforward. Please follow the steps given below to set up your account:
Begin by creating your personalized account on the crypto exchange of your choice. Ensure that 3Commas supports the chosen exchange.
Create a 3Commas login account on the 3Commas site.
Click on the ‘API Management’ found by hovering over the profile icon.
Provide a unique name for the key to avoid mixups with other existing names.
Click on ‘Create API’ and key in the 2FA codes.
Make required changes to the API restrictions. Provide required permissions but not for ‘Enable Withdrawals.’ Click on ‘Save’.
Ensure not to choose ‘Restrict access to trusted IPs only’ because 3Commas supports numerous IP addresses.
Click on ‘OK’ to confirm. It expires in 90 days. Though there is no necessity to recreate the API key, one only needs to link the keys to 3Commas once every 90 days.
To connect your crypto exchanges account to 3Commas, follow the steps below:
At the 3Commas dashboard, navigate to ‘My Exchanges.’
Choose the exchange to be connected.
Pick a name to identify the exchange account connected.
Key in the 3Commas API key and the secret key.
Ensure not to link the API multiple times.
Click on ‘Connect an Exchange’ after ensuring all boxes are filled. The statistics page shows the progress in connection.
Explore the types of crypto trading bots the 3Commas app supports and select the one that suits your trading. You can choose based on the furnished 3Commas fees for the available bots.
Make necessary customizations on the 3Commas bot parameters and settings.
Set up trading bot strategies and targets to suit your trading motives.
Enable advanced features and options as per your requirements.
Monitor and manage your trading bot, carefully analyzing its performance.
Review the performance and make necessary adjustments to the strategies to bridge the gaps and improve profits.
3Commas pricing plans testify that all the plans offered are void of commission and hidden charges. Each pricing plan has restrictions on the 3Commas trading bot usage.
Free/Junior level - Free usage of this platform with a few limitations
Starter plan - $22 per month to be paid annually
Advanced Plans - Annual payment of $37 per month
Pro plan - Annual, monthly payment of $74
3Commas-supported exchanges are many, a boon to traders pioneering with assets on a handful of exchanges. The availability of a wide range of crypto trading bots at an affordable 3Commas fees structure caters to the requirements of many passionate crypto traders.
The Junior level plan that entitles a free sign-up is what fascinates fresh users. Well-equipped customer service available round the clock, offering satisfied responses for queries related to 3Commas trading bots, portrays the platform’s dedication to its privileged users.
The 3Commas updates available to users provide space to enhance their trading experiences effectively. As a closing note, we recommend the 3Commas platform to passionate crypto traders as it assures an ultimate trading experience with fascinating perks and discounts. Happy and profitable trading at the 3Commas trading platform!