3Commas is an advanced automated cryptocurrency trading platform. It arms users with a slew of powerful tools, from automated bots to portfolio tracking and crypto trading signals. Its goal is to provide valuable insights that will assist new traders and expert traders alike in maximizing their strategies while keeping control of their digital assets. Our comprehensive Review of 3Commas will help you understand. We’ll take a look at its features, security, pricing, and ease of use to give prospective users the information they need to make smart decisions.
Overview of 3Commas Features
3Commas offers its users a comprehensive range of tools and features aimed at making cryptocurrency trading easy and efficient. These range from automated trading bots to portfolio management tools, and more recently access to trading signals. Economy’s platform connects directly and easily to the most popular exchanges, including Binance and Coinbase. This enables users to access and exchange their assets across all available platforms through one consistent, user-friendly interface.
3Commas provides different bot types which cater to different trading strategies. These bots are known as DCA (Dollar-Cost Averaging) bots or Grid bots. DCA bots automate the process of buying or selling assets at regular intervals to average out the price over time, while Grid bots are designed to profit from price fluctuations within a defined range.
Subscription and Pricing Plans
3Commas has a tiered subscription model, featuring a Free plan and four other paid tiers. The Free plan includes basic portfolio tracking, one DCA bot, one Grid bot, and access to three active smart trades. This lets new users experiment with the powerful tools the platform offers without any upfront financial investment.
For more complicated features, such as arbitrage trading or telegraf bot, 3Commas provides paid subscriptions. The Advanced plan is $59/month with an annual commitment. If you’d like to join monthly instead of committing annually, it’s $79 per month. This new plan adds in advanced bots and features built for more complex trading strategies.
The Expert plan is loaded with features, including the most popular and useful tools. Get unlimited access to DCA bot and Grid bots, Signals Bots for advanced trading strategies. The pricing information for the Expert plan is listed on the 3Commas website.
Security Measures and Partnerships
Even before we’d consider anything like usability, security is of extreme importance on a trading platform. 3Commas takes security very seriously and urges all users to turn on two-factor authentication (2FA) to secure their accounts. The platform has launched an ongoing partnership with Cloudflare, a web infrastructure and website security company, to help strengthen the platform’s overall cyber defenses.
Two-factor authentication (2FA) increases your security. It prevents someone from logging into your account by asking you to input a second verification code in addition to your password. This protects against unauthorized access to accounts, even if the password is stolen.
By partnering with Cloudflare, we are able to drive security and performance improvements. It’s like a digital bouncer, blocking your website from DDoS attacks and other online threats. These steps are part of our wider responsibility to keep the platform safe and secure for everyone who uses it.
Trading Signals and Performance
3Commas goes even further by equipping users with comprehensive trading signals to assist them in making sound trading decisions. To help teams choose which signals to prioritize, we classify these signals according to their risk level. You’ll see labels like “Stable” and “Risky” that call out the expected level of volatility and stability.
"Stable (top 20% by Sharpe ratio) or Risky" - [3Commas]
Though 3Commas offers the ability to browse the most lucrative signals, with some signals boasting 20% monthly return, the reality is most signals don’t even return this. It’s very important for users to understand that trading results can be wildly different. Market factors as well as individual factors like a trader’s trading style contribute to this variability.
"You can make 0-20% monthly or even higher, but it varies a lot." - [3Commas]
Additional Features and Tools
3Commas’ other feature sets are well-designed to create a superior trading experience. One especially cool feature is Split Targets, which lets users set sell targets for partial shares of their holdings at various price points. Besides profit taking at different levels, this helps reduce risk as well.
The platform supports portfolio rebalancing, where bots can execute trades based on predefined rules to maintain a desired asset allocation. This, in turn, allows users to better maintain their portfolio towards their investment objectives and risk appetite.
3Commas has a referral program, rewarding both the person who refers and the person being referred. Any friends that register through a referral link receive a 10% discount on their subscriptions for life. In return, the referrer receives a bonus of 40% of their consultant’s earned fees!
Language Support and Customer Service
3Commas officially supports English and Russian. This enables users who are more comfortable with either language to use the platform and to receive customer support in their preferred language.
Though 3Commas doesn’t publish a customer support phone number, it does have several online customer support options available. These alternatives typically provide email support and a detailed knowledge base. Additionally, users have access to community forums where they can get help troubleshooting frequent questions and issues, and meet like minded traders.
"The platform doesn’t list a phone number, which some traders might miss, but the online options cover most bases." - source: ["3Commas Review: Summary" - nftevening.com]
Limitations and Considerations
While 3Commas is packed with useful features, it’s important for potential users to understand its limitations. On the Free plan, users are limited to one active deal at a time. Such a restriction might stop currency traders from making several trades simultaneously.
Users should understand that trading bots and signals are not always going to yield the same results. Remember, there’s no sure thing in profit. When pioneering new technologies and approaches, it’s imperative to take due diligence to assess the associated risks and employ robust risk management practices.
