What is 3Commas? The Complete 3Commas Review in 2020

This 3commas Review

goes over the crypto trading bot with automated trading bots. Founded in 2017, 3Commas uses a smart trading platform which allows you to connect accounts from different exchanges. 

Many exchanges are supported such as Cex.IO, Bitstamp, Kraken, Binance, and more. To use the 3Commas crypto trading bot, a subscription is required. You cannot use the crypto trading bot for free compared to other crypto trading bots. 

But you can try the free trial for 3 days that gives access to all features. You can trade with the trading bot from the web browser by using the 3Commas official website. If you want to trade from the mobile, then you can download the 3Commas app on Apple Store and Google Play. 

By trading on the website trading platform, you can access the platform in a comprehensive way. Many tools and features are available on mobile and web versions, but these features and tools can be used more efficiently on the web version.

To improve your trading before trading with real money, you can practice on a paper account. With the paper trading feature, you don’t need to deposit funds and you can trade with real time-data values of the charts.

Besides the automated trading bot, other features are available, You can use the smart trade system, crypto signals, and other features. To give you an in-depth analysis with tools, 3Commas has integrated the TradingView platform. 

You can use many analysis tools and objects that are provided by TradingView on the 3Commas trading platform to give you a full experience in trading. Three premium plans are available that you can choose. 

The starter plan starts from $174 per year and offers a variety of features and higher limits. With the pro plan, you have all the features available but the price its more costly, which costs $594 per year. 

The advanced plan offers more features than the starter plan, and this plan costs $294 per year. As we mentioned, the price may be very costly. But you can use the free trial for 3 days to try the 3Commas crypto trading bot and other features.

Exchanges Supported

3Commas supports other exchange platforms so you can connect and trade with them. The integration process of your exchange account is very simple and easy. To connect an exchange account go on the top left menu and choose the option “My Exchanges”. 

Once you click that option, a new page will appear with different field options. You need to fill this information with your exchange account details. In the first field on the left, you have all the supported exchanges. You can choose Binance, Bitstamp, Cex, Coinbase Pro, and many other exchanges. 

After choosing your exchange platform, on the name field, you need to name your exchange. If you have multiple accounts from the same exchange platform, then you can name it “Platform1” so there won’t be any confusion with other exchanges. 

The other step is to write the API Key from your exchange account. You can find your API Key from your exchange account settings. If you don’t know how to find it or have any issues with it, then contact the support team of your exchange platform. 

Some exchange platforms may require you to use a passphrase. But if you don’t see it, then you can continue with the last step. To finish the connection process with the exchange platform, you have 2 options. The button “Sign up at Binance” will direct you to the Binance website. 

If you don’t have an account, then you can create an account with the Binance exchange platform. But if you have an exchange account, then after finishing the fields to complete your exchange details, click the button “Connect an exchange”. 

Once you click that button, your exchange account will start to be integrated. It takes usually up to 30 seconds for the integration process to be finished. But we recommend it to leave for more than a minute because some exchanges can take more time to activate the API Key.

Some exchanges don’t support all the features from the 3Commas. Below are the supported exchanges and their features available:

• Binance – Smart Trade, Portfolios, DCA Bots, Gordon bots, Margin Trading, GRID bots
• Binance DEX – Smart Trade
• Binance Futures – Smart Trade, DCA Bots, GRID bots
• Binance Jersey – Smart Trade, DCA Bots including Gordon bots, GRID bots
• Binance US – Smart Trade, DCA Bots including Gordon bots, GRID bots
• BitMEX – Smart Trade, DCA Bots, GRID bots
• Bitfinex – Smart Trade
• Bitstamp – Smart Trade
• Bittrex – Smart Trade, Portfolios, DCA Bots including Gordon bots
• Bybit – Smart Trade, DCA Bots, GRID bots
• Cex.io – Smart Trade
• Coinbase Pro (GDAX) – Smart Trade, DCA Bots including Gordon bots
• Exmo – Smart Trade
• FTX – Smart Trade, DCA Bots, GRID bots
• Gate.io – Smart Trade
• HitBTC – Smart Trade
• Huobi Global – Smart Trade, DCA Bots including Gordon bots
• Kraken – Smart Trade
• KuCoin – Smart Trade
• OKEx – Smart Trade, DCA Bots including Gordon bots
• Poloniex – Smart Trade, Portfolios
• YoBit – Smart Trade for pairs with daily volume over 2 BTC

Pricing Plans

3Commas offers 3 packages that you can choose to trade. The packages available are the Started, Pro, and the Advanced package. Each package has different pricing and offers different features and limits.

Starter package

You can subscribe to the Starter package with a price of $29 per month. If you subscribe to a yearly plan, then you’ll receive an almost 50% discount on the price. 

The yearly plan costs $14.50 per year and the monthly pricing calculation would be $14.50 per month.

The full list of features of the Starter package includes:

• Smart Trading terminal (Spot and Futures) 
• Concurrent take profit 
• Stop loss 
• Use 1 service to trade on several exchanges
• Smart trade 
• Smart sell 
• Smart cover 
• Buy and sell 
• Trader’s diary 
• Simple bot 
• Short algorithm 
• Long algorithm 
• View and  copy bots
• View portfolios
• Create portfolios
• Copy and edit portfolios 
• View balance
• Use it for your exchange 
• Browser, Mobile App, Email Address & Telegram notifications.
• API access 
• Referral program features

Pro package

The pro account is the most popular package according to the 3Commas website. The price for 1 year costs $594 but you can also subscribe every month. 

The monthly plan it’s more costly as it cots $99 per month. You can access all the features and use the trial free for 3 days.

The features of the Pro package include:

• Smart Trading terminal (Spot and Futures) 
• Concurrent take profit 
• Stop loss 
• Use 1 service to trade on several exchanges
• Smart trade & Smart sell 
• Smart cover & Buy and sell 
• Trader’s diary 
• View and copy bots & View portfolios
• Create portfolios
• Copy and edit portfolios 
• View balance
• Use it for your exchange 
• Browser, Mobile App, Email Address & Telegram notifications.
• API access 
• Referral program features
• TradingView 
• Custom Signals 
• View and copy bots & Composite bots 
• Bitmex, Binance Futures, ByBit, and FTX futures bot 
• GRID bot & Simple bot 
• Short algorithm & Long algorithm 
• View and copy bots

Advanced package

The Advanced package costs $49 per month if you subscribe to a monthly plan. The yearly plan it’s cheaper as it costs $294 per year or $24.59 per month. 

All the features of the Advanced package include:

• Smart Trading terminal (Spot and Futures) 
• Concurrent take profit 
• Stop loss 
• Use 1 service to trade on several exchanges
• Smart trade & Smart sell 
• Smart cover  & Buy and sell 
• Trader’s diary 
• TradingView Custom Signals
• Simple bots (Only Spot)
• Short algorithm & Long algorithm 
• View and copy bots
• View portfolios
• Create portfolios
• Copy and edit portfolios 
• View balance
• Use it for your exchange 
• Browser, Mobile App, Email Address & Telegram notifications.
• API access 
• Referral program features

Features

3Commas offer features and tools that you can use in trading. These tools and features can be used to analyze charts, trade with the smart system, use bots, and more.

All the features and tools are listed below:

• DCA Bots 
• Smart Trade 
• Grid Bot 
• TradingView 
• Options Bot
• Crypto-Signals

DCA Bots

A DCA (or “Dollar Cost Averaging”) strategy is the practice of investing at present intervals into an asset or currency to reduce the entry price of a position over time. It’s suitable for both beginners and experienced traders because it’s simple to configure.

For example, when you enter the market with a lump-sum investment, you run the risk of purchasing “highs” only to see the price drop and end up with a losing position, that you must choose whether to hold or cut at a loss.

Smart Trade

The smart trade uses indicators that can help you to trade successfully. It also helps you with stop-loss and take profit prices. When the price goes against your trade, then the smart trade automatically increases your stop-loss or take profit.

You can automatically change the closing value of the deal when the price changes. For example, when the price rises, Take Profit and Stop Loss simultaneously increases.

Grid Bot

Grid bot allows you to take profit spending fewer efforts: just choose a coin and investment amount for start, the bot will buy when the price drops and sell when it grows.

The grid bot is artificial intelligence (AI) tools that automatically open orders for you. With this tool, your buy or sell order will automatically be opened. If the price drops, then the AI tool will open a buy order, or if the price grows then it will open a sell order.

Grid bot splits the amount invested in the bot between the left and right side of the selected pair and sets up limit buy and sell orders grid within the selected channel. 

TradingView

TradingView is one of the most used and known platforms for analyzing the trading markets. Cryphopper has integrated the TradingView on all charts so you can analyze the crypto market. 

There are different tools available that can help you to analyze the market in an excellent method. You can use more than 100 indicators for the best analysis of asset price behavior, as well as the ability to test trading strategies. 

The platform allows advanced users to create custom indicators and signals. TradingView includes many tools, which can be used as a base for the signals. The signals themselves can be one-time or repetitive (“every-time”).

Options Bot

Options bot it’s built to reduce your losses and increase your profits. The tool can help you during the bearish (downtrend) and bullish (uptrend).  you can use the strategy of the bot when you expect a drop in the market volatility. 

With the Options Bot, you trade when you are confident in the bullish mood in the market and the growth in the price of the underlying asset. 

Crypto-Signals

You can trade by copying signals from other traders. All you have to do is select a signal, connect your exchange account, and subscribe to the signals. 

Once you subscribe to the signals, the launch bots are ready to trade for you using the suggested signals. 

Client Support

The documentation page contains a lot of information resources about 3Comas. All the features are explain in-depth so you can understand the purpose of features easier. 

You can also read other articles about the account, portfolio, exchanges, referral program, and more. Besides the documentation page, you can visit the FAQ page to get shortened answers and explanations.

3Commas is based on Vancouver, Canada and you can contact them by email or live chat. 3Commas does not offer support through telephone.

Summary

During this article, hopefully, you were able to determine if the 3Commas trading bot is worth it. If we compare 3Commas with other crypto trading bots, the price may be higher. 

You also cannot use the 3Commas for free, so a premium plan is required. But a free trial it’s available, so you can try their service before upgrading to a premium plan.

When it comes to the features, you have many features available. Many exchanges are supported so you can connect your exchange account directly to the 3Commas. Overall we highly recommend this service with this 3Commas Review, if you enjoyed the article we would also recommend reading our Cryptohopper vs 3Commas review which is another crypto trading platform.

Get started at 3Commas Today!

Image via Shutterstock, Writer Behar H.