3Commas Review

3 Commas Ratings at a Glance

3Commas is an advanced crypto trading platform with automated trading bots and smart features suitable for both beginners and experienced traders. Here are some of the most convenient features we found on 3Commas

Automated Trading Bots

Automated trading bots have become increasingly popular in the cryptocurrency trading world. These bots are designed to help traders execute trades more efficiently and effectively, using algorithms to analyze market conditions and make decisions on behalf of the trader. Here's a closer look at 3Commas automated trading bots and how they can benefit cryptocurrency traders:

• DCA Bots: DCA bots, or Dollar Cost Averaging bots, are suitable for both bear and bull markets. These bots purchase a specific cryptocurrency or asset on a predetermined schedule, regardless of the price at that time. DCA Short bots borrow and sell tokens during bear markets, then buy them back at a lower price. In bull markets, DCA Long bots purchase at dips and sell during price spikes to optimize entry prices.
• Grid Bots: Grid bots place buy and sell orders at specific price levels to profit from price movements within a range. By buying low and selling high within the grid, the bot accumulates small profits with each trade. This strategy aims to automate trading and capitalize on market inefficiencies for maximum returns.
• Signal Bots: These bots use algorithms to identify trading signals in the stock market, helping investors with buy or sell decisions by monitoring trends and patterns. It sends real-time information through channels like email or text messages to help users make informed investment decisions.

Smart Trading Terminal

This powerful tool allows traders to automate their trading strategies across multiple cryptocurrency exchanges. With features like automated trading bots, smart trading algorithms and real-time market data, 3commas empowers traders to make informed decisions and execute trades with precision.

Portfolio Tracking

Users can connect their exchange accounts to 3commas and view a comprehensive overview of their holdings in one centralized dashboard. This makes it easy to see the performance of all of your investments at a glance, as well as track important metrics like overall profit and loss, individual trade performance, and asset allocation.

3Commas offers 4 tiers of service: Free, Pro, Expert and Custom Plan. Take time to compare the pricing of each plan to the activity in your portfolio. You can save around 25% with annual payment. Advanced traders can afford to (and should) spend a little extra money to get the services they need. Start small, only invest money you can afford to lose and increase spending as your portfolio expands.

You can join right away with the free plan and take advantage of all the training, education and other learning tools they offer without having to pay a monthly fee. However, since the platform integrates with other exchanges, you may need to pay transaction fees associated with your cryptocurrency exchange. This is a great way to get started, since you'll be able to see whether or not you'll benefit from the platform before actually paying for it.

Once you finish the courses and develop a trading strategy, you can upgrade to one of the more advanced plans. With these more advanced plans, you can start putting your new trading skills to work!

The more advanced plans have additional features like smart sell, more options bots, GRID bots and DCA bots. Choosing the right plan comes down to how much you plan to trade and whether you want to trade options and futures.

While the free plan includes some basic features, you have limited access to most of what 3Commas has to offer. If you want to do more serious trading, we recommend a paid plan.

Even beginners can easily navigate 3Commas’ desktop and mobile app. During the onboarding process, you’ll connect to your preferred cryptocurrency exchange and choose a trading bot based on the type of trades you’re interested in. If you have a paid plan, you'll be able to use multiple trading bots at once.

You can customize bots to your preferences so you don’t have to glue yourself to your computer screen all day. Bots can do everything from selecting the currency and the amount to invest in certain assets. This way, you don't need to place buy and sell orders manually.

You’ll also choose your trading pair, investment amount, target profits and other details during the onboarding process. You can adjust these later, but this detailed onboarding process makes it possible to streamline the trading process later. You can also use the preferences and settings you establish to optimize your trades based on your target profit and risk tolerance.

Keep in mind, the onboarding process can seem overwhelming for beginners due to the variety of parameters that need to be set up. If you haven’t done much trading before this, you might feel unsure when it asks you which type of bot to add.

You can choose either a simple bot or a composite bot. A simple bot can trade 1 coin pair (like Bitcoin and U.S. dollars). A composite bot can trade multiple coin pairs. Once you choose your bot, you build its trading strategy step by step, including the following details:

• Coin pair(s) it will trade
• Maximum number of active trades
• Base order size
• Long or short trading strategy
• Order type

If you have no background in cryptocurrency or trading strategy, we highly recommend going through the trading school courses. These courses will help you figure out which parameters to set for both manual and automatic trades.

You’ll find the user interface a breeze once you gain that foundation. It’s easy to execute trades, check your total portfolio value, gains, rebalances and anything else you need to do right from the dashboard. 

Members get access to the 3Commas trading school, paper trading and an active learning community. You can sign up with no knowledge of cryptocurrencies, bot trading or technical analysis and learn how to be a successful trader at your own pace.

The trading school includes all plans and features, various courses covering crypto basics to trading strategies. Plus, you can learn how to build a trading bot on the 3Commas platform.

The platform also offers paper trading. You can practice your strategies and try out your bot in a simulated crypto market before you put your actual money on the line. This is a great tool for beginners, as well as more advanced traders, who want to test out a new strategy under real market conditions.

In addition to the vast knowledge base, the platform also has an active learning community. Gain insights from other traders, share ideas and help each other understand the material.

Most users find 3Commas customer service very responsive and willing to solve any issues or answer questions about the platform or trading. 

You can contact the firm through the following channels:

No matter which plan you choose, you’ll have access to the mobile app. What's more, the mobile app has all the features of the desktop version. This means you can perform the same types of trades directly from your smartphone.

This makes it convenient to check in on your trades from anywhere. But the mobile app doesn’t run quite as smoothly as the desktop version yet. The developers are continuing to update it, but you’ll notice some delays in the notifications and the mobile smart trading platform. 

While the smart sell, smart cover and intuitive dashboard all make this a great platform for manual trading, 3Commas is best suited to aspiring bot traders. If you’re not interested in automated or algo trading, you won’t utilize all the features the platform has to offer. Instead, signing up for a typical cryptocurrency exchange like Coinbase or Gemini may better suit your needs.