3Commas has an average monthly trading volume of 22.5 billion dollars, and so far, 1.2 billion trades have been completed on this platform. The devs say that the software was initially developed for individual use only and later evolved to include additional features. Currently, its advanced trading terminal enables over a hundred thousand traders to transact on multiple exchanges. Both novice and crypto whales are said to appreciate the efficiency of the platform. 

About 3Commas

Payment options: Visa, PayPal, BTC
Price: Free trial, $14.5/month, $29/month, $49.5/month or $99/month
Supported exchanges: Binance, Binance US,  FTX, Kucoin, Huobi Global, Bittrex, Bitstamp, Coinbase Pro, OKX, FTX US, Bitfinex, Bybit, Gate.io  Bitmex, Gemini, Kraken, Poloniex, and Deribit

3Commas features

3Commas comes with a variety of features, which we have summarized below:

  • Portfolio tracking

This feature allows you to keep an eye on your portfolio and assess its profits and losses across different exchanges. 

  • Smart trade

This is an integrated trading terminal that you can use to manage a number of trades across multiple exchange accounts simultaneously. 

  • Informative blog

Educational articles are available on the company’s blogs, and they illustrate how 3Commas functions and how to apply your knowledge in the real crypto market. 

  • Automated bots

The platform offers several trading bots, which can help you to trade. 

  • Paper trading

3Commas provides traders with the paper trading account facility to prevent them from losing money as they learn to use it.

  • Ready-to-use strategies and bot presets

With this feature, you can copy the bots and strategies that other experienced traders have created. 

How does it work?

3Commas provides a trading platform where users can transact on crypto market exchanges. The system is open and carries out transactions based on the set parameters. Investment tools and financial protection algorithms have also been incorporated into it. 

Compatible exchanges

The bot supports 18 exchanges, including Binance, Binance US,FTX, Kucoin, Huobi Global, Bittrex, Bitstamp, Coinbase Pro, OKX, FTX US, Bitfinex, Bybit, Gate.io  Bitmex, Gemini, Kraken, Poloniex, and Deribit.

How does 3Commas stand out?

What distinguishes 3Commas from other systems is that it is inexpensive, incorporates other bots, and supports copy trading. The system also provides a generous incentive for its trusted partners through a referral program. As per the vendor, you can get up to 40% of uncapped commission for the lifetime of your referrals.

Best for: investors looking to profit from crypto trading

3Commas promises to optimize trading revenues while reducing risk and loss. It also gives you the chance to earn passive income and extra profit through its award-winning bots.

Pricing

The vendor is offering 3 paid plans. The Starter plan costs $14.5/m when paid annually or $29 with a monthly payment. The purchase price of the  Advanced pack is $294 per year or $49 monthly. Lastly, we have the Pro pack that costs $49.5/m with a yearly payment or $99 if you pay on a monthly basis. A free trial is also available. 

The free trial doesn’t allow you to engage in paper trading and only gives you a single active smart trade. Also, you can only use each of the trading bots once. You can work on the scalper terminal for as long as you want, though.  

How safe is 3Commas?

The devs advise users to adhere to stringent security measures so as not to fall prey to online attackers. Some of the recommended measures include using unique passwords for your online accounts, enabling the 2-factor authentication, and not storing your API keys in an accessible document, etc.

3Commas reputation

3Commas has a good reputation among users. A trusted review like Trustpilot features thousands of comments regarding this trading platform. And the nearly perfect score recorded on the site is a sign that most traders have benefitted from it. 

3Commas’ page on Trustpilot. 

Is it a good choice for beginners?

This bot is relatively easy to use, so novice traders can navigate it with very little effort. In addition, the vendor provides a wide range of educational tools, which you can use to learn more about the system.

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PROS
Features educational resources
Good reputation
Multiple exchange support
Supports copy trading
CONS
Limited features in some plans
6.1
Verdict
3Commas has a good reputation among users. The platform also offers lots of features which can help traders get the most out of this market. A free trial and paper trading are available to ensure that you don’t lose money unnecessarily. Unfortunately, you have no option but to subscribe to the most expensive plan to enjoy the full features of this bot.

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