Last Updated on 2 November 2023 by CryptoTips.eu
3Commas review
If you have some more experience in the field of cryptocurrency you might be ready for the next step. Buying Cryptocurrency from brokers is perfect for beginners who want to own crypto coins. Cryptocurrency can be traded at exchanges if you want to get more out of your investment. The next step could be using a trading bot to create a passive income. A bot can trade on several exchanges simultaneously and automatically trades for you. There are several big players in the field of trading bots. In this 3Commas review, we’re looking at one of the most popular bots worldwide. On this page, you also can leave your own experience through our rating system.
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3Commas is a modern looking trading bot
The first thing we notice about 3Commas is the appearance of the platform. Where trading bots like Gunbot and Haasbot have a businesslike look with lots of tables and graphs, 3Commas mainly works with videos and good documentation to introduce users to the site. 3Commas is very active on YouTube where they explain new features and explain the platform for beginners. For example, a major update of the platform took place on 14 March 2019. On the YouTube channel of 3Commas, an employee explained all the novelties. The videos gives the feeling that everyone can join 3Commas. Whether that is really the case, you can read in this 3Commas review.
3Commas started in 2014 and is as old as the biggest trading bot Haasonline. 3Commas and Haasonline offer almost the same features. The differences between bots is never that big. With 3Commas it’s still possible to trade manually, besides creating an automatic bot. This is called Smart Trade on the platform. The advantage of this feature is that you can add a stop loss. You can choose from a selection of bots that are divided into categories. Everything looks clear and you can even backtest your bots.
The support platform of 3Commas is good. The combination of a lot of documentation and videos makes sure that you can get enough information to get started. 3Commas offers a free trial and the possibility to trade with paper money. So, if you want to try trading with a bot, then 3Commas should be the right fit for you. If you have any questions, you can contact 3Commas via the support platform, but also on social media and Telegram.
Get started with 3Commas
3Commas advertises that you are able to make your first trade within 10 minutes and that’s certainly true. Creating an account is very simple. If it’s still too hard for you, you’ll find a step-by-step explanation on the support platform. After you created an account, your free trial will start automatically. So in the beginning no payment will be necessary. After activating your account, you will see clearly on your dashboard how you can connect exchanges to 3Commas. You need an API key to connect your bot to an exchange and each exchange has their own key. With most exchanges like Binance, you will find this key in the settings of your account. This is also clearly explained.
Witch exchanges are supported by 3Commas?
At the time of writing this 3Commas review, at least 23 exchanges are supported. It is good to know that you can’t use a bot on all 23 exchanges. We know for sure that Bittrex, Binance, Houbi Global, OKEx, and BitMEX support automatic trading. On other exchanges, you can only use Smart Trade. These are the trades which you normally do on an exchange as well.
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3Commas pricing
After your free trial, you have to pay for the 3Commas service. An advantage of the payments to 3Commas is that it can also be done in dollars and euros. With other bots, we see that you are obliged to pay with cryptocurrency. This is also a possibility, but not mandatory. 3Commas has 3 packages. These packages only differ in the functionalities of your bot. With the cheapest Starter package, you can’t trade automatically with a bot. The Advanced and Pro packages are the most attractive packages. With a Pro package, you can trade with more complicated bots and your bot also gets access to BitMEX. With an Advanced package, you only get access to 4 exchanges with a bot.
Starter
- From € 19,60 per month
- Smart Trading (normal trading)
- No limits for trading
- No bot
- Error/Cancel notifications
Advanced
- From € 33,10 per month
- Smart Trading (normal trading)
- No limits for trading
- Error/Cancel notifications
- Simple Bots
- TradingView signals
Pro
- From € 66,80 per month
- Smart Trading (normal trading)
- No limits for trading
- Error/Cancel notifications
- Simple Bots
- Option Bots
- BitMEX Bot
- TradingView signals
- Portfolio management
You can pay monthly or yearly. Of course, you will get a discount when you choose a yearly payment. However, we understand that many users prefer to pay per month instead of per year, because the costs of 3Commas are quite high. If you decide to pay per year you will receive a 25% discount.
Use 3Commas for free (lifetime)
Recently 3Commas added a new package, which allows you to use the platform completely free of charge. Also, when the trial period has expired. The package is called the Junior package. What do you have to do to use 3Commas completely for free?
- Sign up at 3Commas via this link
- Trade exclusively with Huobi
- Or make sure that your total portfolio of ALL exchanges does not exceed $750.
- This way, you can use the platform completely free of charge.
What are the most important features?
The possibility to execute Smart Trades additionally to your bots is very nice. This makes it possible to trade on multiple exchanges from 1 dashboard. What we also like is that you can completely set up your dashboard yourself. You can choose a theme yourself and adjust the positions and colors of all charts. At first, this may sound like a useless addition, but it does make the platform very pleasant to work with. Because of the modern look, the YouTube videos, and the documentation we think it is more accessible for beginning traders.
What are the pros and cons of 3Commas?
3Commas offers a very accessible platform with clear explanations. Explanations that we sometimes miss with other bots. The free trial and the possibility to trade with paper money makes 3Commas suitable for beginners. The platform is completely customizable and setting up bots and smart trades is easy to master.
One drawback might be the price. Especially since you need to take an Advanced or Pro account to get the most out of the platform. For instance, it is also a pity to see that you don’t get access to all exchanges with an Advanced account, as a result of which 3Commas slightly forces you to buy a Pro account. Especially since most experienced traders want to trade on an exchange like BitMEX.
We also think that the offer of exchanges can be expanded a bit with, for example, Bitvavo or ByBit.
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Is 3Commas safe?
3Commas has been active for quite some time and likes to call itself the best platform on the market when it comes to trading with bots. We are fans of the platform and in some ways, we can relate to this. 3Commas is a safe platform and offers good support. Accounts are well secured and because of the good documentation within the support platform, you can be sure that you will not make any mistakes. If you are serious about trading then 3Commas is perfect for you, because of the intuitive interface and the very extensive documentation.
3Commas is very accessible for beginners, especially because you can also trade with paper money. We recommend beginning users to trade with paper money for a couple of weeks. And preferably during a volatile market, where there are strong rises and falls.
Do you have experience with the 3Commas, and would you like to share your experience? You can do so using the form below.
Contact Details:
Trendlux OÜ
Narva Road 36
Tallinn 10152 in Estonia
Company number:
14125515
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