3Commas is a crypto trading bot that can be used to trade cryptocurrencies. The system is introduced as the one that can overtake market downturns into profits.
How does this crypto bot work?
The bot is a solution that should be attached to a client’s exchange to perform orders from his or her behalf. So, everything goes completely automatically.
Getting started with 3Commas
To get started we have to follow several simple steps. First, we have to download the system. Second, we should attach it to an exchange. Third, it has to be customized properly.
Company information
- The developers created a company in 2017.
- Its core reason was that they needed an automatic trading solution not to trade on their own.
- So, we don’t know if they have relevant manual trading experience.
- They registered a company in Estonia – Laeva 2, Tallinn, Estonia, 10111.
- 3Commas has an additional office: 20th floor, 250 Howe Street, Vancouver, BC V6C 3R8.
- We have the following people in the team: Yuriy Sorokin, CEO. Mike Goryunov, CMO. Egor Razumovsky, CTO. Katie Campisano, Head of Communications. Artem Koltsov, Tech Lead, and so on.
Features of 3Commas
We have grouped the most important features in the following list to help you understand if the system fits your expectations.
Automatic trading
3Commas can help us with automatic orders execution on our exchange. This allows us to be profitable without manual trading.
Mobile app
It’s possible to check how the system works via a mobile app.
Features
We are allowed to check our strategy statistics, launch robots, and close orders manually.
Support
The developers can provide us with average support that helps us to set the system properly and customize it if needed.
Strategies of 3Commas
- There’s a relevant strategy for every market condition.
- It uses a cost averaging strategy.
- The system includes “DCA Short” bots to borrow and sell tokens at the current price and buy them back at a lower price.
- The same we have for the Longs direction: DCA Long bots to buy the natural dips and sell the spikes as the price rises over time, achieving a better average entry price for your positions.
- The advisor works with a Grid of orders strategy.
- It takes into account support and resistance levels.
Pricing, fees and commissions
The developers suggest we purchase one of the packages. There’s a free pack that’s featured by: one GRID Bot, one Options Bot, and one DCA Bot. The paid package costs $14.5 monthly and we will get one Active SmartTrade, unlimited Scalper Terminal, Paper Trading. The most expensive pack – Pro costs $49.5 per month. There are no limitations in crypto pairs. We can trade on 18 exchanges. The developers added various features in addition.
Deposit requirements
There are no deposit requirements mentioned.
What exchanges does 3Commas support?
We can attach the robot to Gemini, Binance, FTX, BYBIT, Bitstamp, Bitfinex, gateio, Coinbase Pro, Kraken, Deribit, Poloniex, BitMEX, OKEX, Bittrex, and Huobi exchanges.
What languages does 3Commas support in their product?
The only language is English.
Can you really make money with this bot?
We have no idea because the developer avoided providing us with information about trading results. So, without them we can be sure that our account is safe.
Advantages of 3Commas
- Automatic trading.
- No crypto assets limitations.
- Many strategies on the board.
- We can work with various exchanges.
Disadvantages of 3Commas
- No settings explanations provided.
- No strategy details explained.
- No backtest reports available.
- No trading results shared.
Customer support
We are allowed to ask questions in Discord, Twitter, and Telegram.
Who is the 3Commas suitable for?
The developers claimed that people without experience can use the system as well as the professional traders.
3Commas summary: is it worth going for it?
3Commas is a crypto robot that works with a grid of orders strategy based on the tunnel between support and resistance levels. The presentation includes some information but lacks details about backtest reports and trading results. Also, we have no money-back guarantee provided.
