3Commas Bot Review 2021 – An Easy to Follow Guide for New Users

Project Reviews / 25.01.2021

The 3Commas trading bot is a popular option in the market. This comprehensive cryptocurrency trading system was designed from the ground up to improve overall trading efficiency and effectiveness. 3Commas put extra emphasis on removing any technical roadblocks. For these reasons, 3Commas is considered a great option for new bot traders.

Yobit Free Up Your Time and Get a Trading Bot

Trading bots have long been in use in the stock market. Trading bots are nothing more than preprogrammed protocols that can execute trades on your behalf. They are so powerful because they enable you to catch every possible market opportunity that fits your criteria. As such, they are now becoming common in the cryptocurrency sector. 

A well-programmed trading bot can free up your time and allow you to capture more profits. Platforms, such as 3Commas, make it easy to enter into the world of trading bots. Today’s trading bots allow you to formulate and test your demo accounts’ trading strategies and against past market conditions. You can then utilize this data to program complex trading strategies consistently. Best of all, you don’t have to leave your favorite exchange to use a trading bot.

Benefits of 3Commas Bot

3Commas is well recognized in the space. Notably, the bot has over 33,000 active traders conducting over $10m in daily trading volume. The developers of this unique trading bot created an intuitive platform that minimizes investors’ risks and increases their ROI potential.

Interoperability

Another advantage of 3Commas is its interoperability in the market. The bot works with most major cryptocurrency exchanges. In total, 12 of the largest centralized exchanges in the world provide support for this bot. Specifically, Bittrex, Bitfinex, Binance, Bitstamp, KuCoin, Poloniex, HitBTC, Cex, Coinbase Pro, OKEx, Huobi, and Yobit.

Selective API Approval Process

While some competitors offer a huge array of supported exchanges, 3Commas only allows its bots to integrate into top-performing exchanges. This strategy helps to ensure that the bots’ API operates at peak performance levels. In this way, your trades execute as planned, and your bots don’t miss a chance to further your earnings. 

Customer Service

New bot users will appreciate the 24/7 customer service options. The support options are available in English and Russian. 3Commas also has an active social media presence. You can contact the developers via their Twitter account, Telegram group, and Facebook. There is also an FAQ page in the Help Center that answers the most commonly asked questions. 

Flexibility

The 3Commas trading bot includes a selection of trading options. You can set stop-loss and take-profit targets. You can also engage in smart trading and customize your own trading strategies. There’s also risk management tools and the ability to make manual trades.

Security

In terms of security, 3Commas offers some features to protect your investments. For example, you can select the withdrawal permissions of your bots. This feature ensures that your bot will never remove funds from your account. You can combine this feature with other safeties to create a strong security net for your digital assets. 

How Does 3Commas Bot work?

3Commas utilizes an advanced API that delivers high performance and top-notch security to users. This API directly interacts with the supported exchanges to create a secure trading environment. You can program complex trading strategies into your bot and enjoy higher ROIs while freeing up your time.

Responsive Interface

3Commas users enjoy an easy to use interface. From this window, you have access to a wide range of functions and detailed analytics. You can create, analyze, and back-test crypto portfolios. There is even support for social trading features.

Social Trading 

Social trading is one of the hottest features in the market at this time. These systems allow new users to mimic the trades of professionals. You can see statistics and choose from the best performing portfolios created by others. The system will automatically conduct matching trades.

Signals Marketplace

The Signal Marketplace is another unique feature of 3Commas. Here you can buy third-party market signals. There are both free & paid signals offered here. You can try out the free ones and then invest in advanced options as your experience level increases.

A Nice Bot Selection

3Commas has an excellent selection of bots for new users. There are preset short, simple, composite, and composite short bots. You can add features to these already built bots using any of the 30+ Indicators. You can also set your bot up using 90+ candle pattern trading options.

Cloud-Based

3Commas is a cloud-based trading bot. This software is available in desktop and mobile versions. Cloud-based trading bots are generally considered more user-friendly because they don’t require users to install large applications. 

Test Your Bot

Another powerful feature offered in the 3Commas ecosystem is the bot testing mode. You can create a customized bot and analyze how it will perform under certain market conditions. Impressively, you can back-test your crypto portfolio to ensure your new creation is ideal for your trading strategy.

3Commas Pricing

3Commas is reasonably priced at $29 per month. The network does offer a free trial that allows you to see all the features and functions the system provides. Once you are ready to get started, there are 3 bot accounts available. The starter bot account is $29. There is an upgraded account for $49 and a top tier package for $99 per month. Each package offers more bots and some added features. Notably, you can pay for these services using PayPal, Apple Pay, credit, debit, and cryptocurrencies.

3Commas – A Reputable Platform Designed to Meet the Needs of New Users

3Commas provides a safe and secure trading environment. New traders will enjoy all of the added features, simplistic interface, and demo account capabilities. Advanced users will enjoy the flexibility and efficiency the bot provides. For now, interested traders can head over to the platform, start a free trial, and get to know 3Commas personally. 

David Hamilton aka DavidtheWriter is a long time Bitcoinist and cryptocurrency journalist. Currently, he has over a thousand articles published on blockchain technology. His expertise and experience makes him one of the most reputable writers in the sector.