3Commas Review For 2024

Our Verdict

3Commas - Optimize Trading with this Automated Crypto Platform

3Commas is a top crypto trading platform, offering many features and tools for experienced traders. It connects traders to multiple crypto exchanges, improving the trading experience through automation and advanced tools.

However, the trading experience can prove challenging for beginners. Overall, 3Commas is one of the best automated crypto trading platforms to use.

Pros

  • Automated trading bots
  • Smart trading tools
  • Integration with major exchanges
  • Portfolio tracking capabilities

Cons

  • So many features could be overwhelming for beginners
  • API limitations set by connected exchanges
  • Regional restrictions due to local regulations

3Commas Homepage

3Commas is an automated crypto trading platform offering advanced bots and tools to help traders optimize their strategies across various market conditions, ensuring profitable trades regardless of market direction. 

It supports multiple exchanges and provides detailed analytics, allowing beginners and experienced traders to manage their portfolios more effectively.

This 3Commas review shows how users can use the platform’s advanced tools to make well-informed trading decisions.

How Does 3Commas Work?

3Commas is a comprehensive crypto trading platform that streamlines the trading process across multiple exchanges. It connects to user accounts on various exchanges via API keys, allowing traders to manage all their trades from a single interface

The platform’s strength lies in its ability to automate trading strategies, reducing the need for constant market monitoring and allowing traders to capitalize on market movements efficiently.

At its core, 3Commas integrates with major crypto exchanges, such as Binance, Coinbase, Kraken, and others, providing a unified trading experience.

3Commas Offering Trading Automation

Users can link their exchange accounts to 3Commas, which then uses API technology to execute trades on their behalf based on predetermined criteria. 

This connectivity ensures that users can manage their portfolios across different platforms seamlessly, taking advantage of the unique features of each exchange.

The platform’s interface is user-friendly and designed for easy navigation and efficiency. It shows a comprehensive dashboard where users can monitor the market, manage trades, and analyze their portfolio’s performance. The dashboard provides real-time data, ensuring users are always up-to-date with the latest market movements.

Features

3Commas is an advanced crypto trading platform that allows users to use automated trading bots and smart trading features. 

It’s designed to work under various market conditions and offers a range of tools and strategies for beginners and experienced traders, making it one of the best crypto auto trading platforms.

This 3Commas review highlights some of the platform’s unique features:

Automated Trading Bots

The platform’s bots operate 24/7, enabling continuous trading even when you’re not actively monitoring the markets. This feature is especially beneficial in the crypto market, which operates round the clock.

Moreover, the platform also offers a demo account where users can test their strategies without financial risk.

3Commas offers several types of bots for automated trading. Each 3Commas bot type is tailored to specific market conditions, ensuring traders can maintain activity and potential profitability regardless of market behavior.

  • DCA (Dollar Cost Averaging) Bots: These DCA bots strategies are ideal for both bear and bull markets. In bear markets, DCA Short bots borrow and sell tokens at the current price and buy them back at a lower price. In bull markets, DCA Long bots buy at dips and sell during price spikes, optimizing entry prices.
  • Grid Bots: Useful in sideways markets, these bots buy and sell cryptos within a predefined price range.
  • Futures Bots: These bots allow trading in futures contracts for advanced traders.

SmartTrade and Terminal

  • Predefined Triggers for Trades: SmartTrade and Terminal features in 3Commas allow traders to set up trades with predefined triggers. These triggers are conditions that, once met, will automatically execute buy or sell orders.
  • Automated Trade Execution: Traders can take a hands-off approach after setting these triggers. The platform monitors the market and executes trades per the set conditions, ensuring that opportunities are not missed.
  • Customization: These tools offer a high degree of customization, enabling traders to align their trades with specific strategies. This includes setting entry and exit points, stop-loss orders, and take-profit levels.
  • Rebalancer: The Rebalancer tool is essential for maintaining a balanced portfolio. It automatically adjusts the allocation of coins in your portfolio, ensuring that your investment strategy stays on track.

Portfolio Tracking and Analytics

  • Centralized Asset Management: 3Commas’ portfolio tracking tool allows users to gather all their crypto assets in one place. This includes integrating various wallets and exchange accounts, providing a unified view of your crypto portfolio.
  • Performance Dashboards: The platform provides detailed dashboards showing individual trades’ performance and overall portfolio health. These dashboards offer insights into profit/loss, asset distribution, and other critical metrics.
  • Data-Driven Strategy Optimization: By analyzing the information from these dashboards, traders can make informed decisions to optimize their strategies. It helps in identifying what works well and areas where adjustments are needed.

Trading Bot Presets and Signal Bot

The platform allows users to follow strategies developed by experienced traders. This feature particularly benefits those new to crypto trading, simplifying the trading process and decision-making. It offers bot presets and various ready-to-use strategies.

Bot Presets:

  • 3Commas provides bot presets, essentially pre-configured trading strategies. These presets are developed by seasoned traders and offer a simplified entry point for beginners. 
  • Using these presets, new traders can learn effective trading strategies and understand market dynamics without the steep learning curve typically associated with crypto trading.
  • Although these are preset strategies, users still have the flexibility to make adjustments based on their comfort level and market understanding.

Signal Bot:

  • The Signal Bot feature in the beta phase is a significant upgrade for users who rely on TradingView for market analysis. It directly integrates TradingView indicators and strategies into the 3Commas trading platform.
  • With this integration, users can automate their trading strategies based on specific indicators or the comprehensive technical analysis available on TradingView. This means that when certain conditions or indicators signal a buy or sell opportunity in TradingView, the Signal Bot will execute these trades automatically on the connected crypto exchange.

The combination of Bot presets and the Signal Bot provides a comprehensive range of options for traders at different skill levels. Beginners can start with bot presets and gradually move towards more tailored strategies using the Signal Bot.

Can You Really Make Money with 3Commas?

The main charm of 3Commas lies in its automated trading tools, designed to operate continuously in the dynamic crypto market. Success with 3Commas, like any trading platform, largely depends on understanding the crypto market’s volatility and trends. While the platform offers tools to assist trading, the outcome depends on market conditions and the user’s strategy.

Profitability can be improved by effectively using the different types of bots provided by 3Commas. For instance, DCA bots can help mitigate market volatility risks, while grid bots can capitalize on small price movements in sideways markets.

Making money on 3Commas is more likely when traders use a well-thought-out strategy. This includes setting appropriate triggers, stop-loss orders, and taking advantage of the rebalancer to maintain a desired portfolio balance.

Tools to make money on 3Commas

The platform’s analytics and performance dashboards are crucial in risk management. By regularly reviewing and adjusting strategies based on performance data, traders can improve their chances of profitability.

For beginners, the learning curve might initially impact profitability. However, the 3Commas trading bot presets and demo accounts provide a safe environment to learn and test strategies without financial risk.

Integrating with TradingView, the Signal Bot can be a powerful tool for making informed trading decisions. 

However, its effectiveness will depend on the accuracy of the selected TradingView indicators and the user’s ability to interpret these signals correctly. Continuous learning and adapting to market changes are key. The platform’s features are designed to support ongoing education and strategy improvement.

3Commas Pricing and Fees

3Commas offers a range of pricing plans, each designed to cater to different levels of trading experience and requirements. Users can start with a trial period to experience the platform’s capabilities. This trial offers full access to all 3Commas trading tools without requiring a credit card.

Understanding these plans and their fees is crucial for users to choose the most suitable option for their trading strategy.

Subscription Plans

  • Starter Plan: For $4 monthly, the Starter Plan suits beginners. It includes access to 10 SmartTrades, 2 Signal Bots, 2 Grid Bots, 5 Single-Pair DCA Bots, and capacity for 25 DCA deals.
  • Professional Plan: At $37 monthly, this plan is designed for experienced traders. It features 50 SmartTrades, 10 Signal Bots, 10 Grid Bots, 50 DCA Bots, and up to 500 DCA deals. Additional features include multi-pair DCA and the ability to reinvest profits.
  • Expert Plan: Costing $59 per month, this comprehensive option offers unlimited SmartTrades, 50 Signal Bots, 50 Grid Bots, 250 DCA Bots, and 2500 DCA deals. It includes multi-pair DCA, profit reinvestment, connecting sub-accounts, and centralized control for multiple Binance accounts.

3Commas supports a variety of payment methods, including Visa, MasterCard, PayPal, Google Pay, and Apple Pay. It also accepts some of the best cryptos like Bitcoin, USDT, and BUSD.

Some important points to keep in mind are:

  • Savings on Annual Payments: Users opting for annual payments can save significantly, with discounts up to 25%. This option is ideal for committed traders who plan to use the platform long-term.
  • Common Inclusions: All plans include futures trading, trailing up and down, TradingView integration, 3Commas API, a demo account, signal access, and backtesting capabilities. These features are available across 15+ exchanges.
  • Upgrade and Downgrade Options: Users can upgrade or downgrade their plans. Upgrades are immediately effective, with any remaining time on the current subscription converted to a partial credit towards the new payment.
  • Crypto and Recurring Payments: It’s important to note that recurring payments are not available for subscriptions paid with crypto due to the limitations of this payment method.
  • Refunds for Annual Plans: Users with annual plans can request a refund for unused time as per the platform’s refund policy. This option provides flexibility and reassurance for long-term commitments.

User Experience

3Commas is known for its user-friendly interface, which is easy to follow and well organized. The design ensures that new users can quickly navigate various features and tools.

The availability of a mobile application improves the user experience significantly. The app allows users to manage their positions, track strategy statistics, launch bots, and close orders from anywhere, offering flexibility and convenience.

The platform also provides various resources, including a knowledge center, to help users understand the nuances of crypto trading and using different bots and strategies. 

The availability of a demo account to test strategies without financial risk is particularly beneficial for new users. Also, the platform’s focus on community-building and user feedback is evident. User reviews have often highlighted high levels of satisfaction.

Where Can You Use 3Commas?

3Commas offers services across various exchanges, allowing traders to use its features on various platforms. Here’s an overview of where and how you can use 3Commas:

Supported Exchanges

3Commas is compatible with some of the best crypto exchanges. This wide range of support includes:

Users can trade on multiple exchanges while using 3Commas’ tools and bots, consolidating their trading activities in one interface. One of the main attractions of 3Commas is its automated trading bots – DCA, Grid, and Futures bots, which are operable on these supported exchanges. These bots are designed to execute strategies effectively, adapting to various market conditions across different platforms.

Restrictions and Considerations

While 3Commas provides broad exchange support, users need to be aware of the following:

  • Exchange-Specific Features: Some features of 3Commas might be tailored to specific exchanges due to their unique API functionalities or trading options.
  • API Limitations: The efficiency of 3Commas’ tools can depend on the API limitations set by the exchanges.
  • Regional Restrictions: There may be restrictions based on a user’s location, especially if they reside in a country that faces sanctions or has strict regulations on crypto trading.
  • Subscription Plan: Access to certain features on 3Commas might depend on the user’s subscription plan.
  • Security Protocols: While 3Commas takes security seriously, users must also adhere to best practices in API key management for optimal safety.

3Commas Customer Support

Understanding the complexities of crypto trading, the platform offers various support channels to assist its users. Here’s an overview of the customer support at 3Commas:

Support Channels

  • Direct Support: Users can access customer support directly through the 3Commas platform. This could involve chat support or submitting queries via a support ticket system.
  • Email: Users can contact 3Commas support through email for more detailed inquiries or issues. This is particularly useful for non-urgent, complex issues that may require detailed explanations.
  • Mobile App: The 3Commas mobile app also includes features for support, allowing users to manage their queries and receive notifications about their support tickets on the go.

Community and Social Media

  • Online Communities: 3Commas leverages online forums and communities where users can seek advice and share solutions. These platforms often host experienced users who can offer practical advice based on their experiences.
  • Social Media Channels: The platform maintains a presence on various social media platforms, providing updates, tips, and direct lines for support inquiries.

Knowledge Base and Educational Resources

  • FAQs and Guides: 3Commas has an extensive knowledge base, including FAQs, guides, and articles. These resources cover various topics, from basic operations to advanced trading strategies.
  • Video Tutorials: For users who prefer visual learning, 3Commas offers video tutorials that can be very helpful, especially for understanding complex trading tools and strategies.

High Trustpilot Rating

3Commas enjoys a high rating on Trustpilot, indicating that users are generally satisfied with its automated trading tools, customer support, and overall user experience. In these 3Commas reviews, many users have praised the platform’s user-friendly interface, efficiency of trading bots, and customer support quality. 

On the other hand, Binance, one of the largest crypto exchanges, has a lower rating on Trustpilot than 3Commas.

Other Customer Service Points

  • Technical Support: For issues related to the functioning of bots, integration with exchanges, or any technical glitches, 3Commas offers specialized technical support.
  • Multilingual Support: Given its global user base, 3Commas provides support in multiple languages, catering to a diverse group of traders worldwide.
  • Billing and Account Management: 3Commas also offers dedicated support for queries related to billing, subscription plans, and payment methods (including cryptos).

Is 3Commas Safe?

Here’s a quick overview of the safety measures used by 3Commas to offer users a secure trading platform:

  • API Key Usage: 3Commas interacts with crypto exchanges using API keys. This means the platform does not have withdrawal rights, adding a layer of protection against unauthorized fund transfers. API keys restrict the platform’s access to only trading-related activities, ensuring your funds remain secure in your exchange account.
  • Fast Connect Feature: ‘Fast Connect’ is used for more secure and efficient connectivity between 3Commas and the linked exchanges. This feature adds an extra layer of security, minimizing the risk of unauthorized access.
  • IP Whitelisting: IP whitelisting allows users to specify which IP addresses can access their 3Commas account, preventing unauthorized logins from unknown locations. This measure gives users direct control over the security of their accounts.
  • Regular Updates and Features: The platform plans to launch frequent updates to its trading bots and platform to improve security and performance. The platform’s roadmap includes features that improve trading safety, like bot annotation and a centralized notification hub for better management. These regular software updates can help improve the platform’s security and avoid potential vulnerabilities.

Is 3Commas Legal?

Based on the information provided in their Terms of Use, effective December 10, 2023, 3Commas is a company incorporated under the laws of the Republic of Estonia and abides by its legal framework. This indicates an effort to comply with the legal requirements of its country of registration.

The platform’s services are primarily geared towards providing tools for managing personal crypto holdings. They state that using their software to manage ‘third-party’ crypto holdings is not permitted, which aligns with regulatory concerns about unauthorized financial management or advisory services.

Their Terms of Use also cover many operational aspects, including client eligibility, account security, and the nature of their software functionalities. They highlight compliance with applicable laws, suggesting a conscious effort to operate within legal boundaries.

However, it’s important to note that the legality of using such platforms can vary depending on the user’s location. Each country has its regulations governing crypto trading and related services. Users should ensure that their use of 3Commas complies with local laws and regulations.

Conclusion

3Commas is a promising user-friendly crypto trading platform suitable for beginner and experienced traders. The platform’s diverse range of automated trading bots, smart trading tools, and comprehensive analytics cater to various trading strategies and market conditions.

Its combination of automation, customization, security, and educational resources makes it an attractive choice for anyone interested in crypto trading, regardless of their experience level.

This 3Commas review highlighted how the platform’s pricing and subscription plans are designed to accommodate different levels of trading activity and expertise. Users can select an option that best fits their trading style and goals.

References

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Michael Graw

Michael Graw is an experienced writer in the business and B2B tech fields. His articles can be found on Business Insider, Entrepreneur, Tom’s Guide, and TechRadar, and cover everything from corporate finance to crypto and international tech regulation. A prolific copywriter and entrepreneur, Michael has worked with a wide range of SaaS and tech companies and has his finger firmly on the pulse of B2B tech and finance.