Home Crypto 3Commas Review: Is It Profitable and How to Trade With It?

3Commas Review: Is It Profitable and How to Trade With It?

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3Commas

3Commas is a crypto bot promising maximum profits and minimum risks. The platform has been functioning successfully since 2017 according to the vendor info. Users get access to 18 exchanges and by using the transparent and clear system can transact efficiently without the hassle of tracking quotes. The service provides a diverse range of tools that increase their accuracy and profits.

3Commas overview

3Commas

Founded in 2017, the company’s main objective is to provide an easy and reliable platform for users. As per the vendor info, the core principles of the company include providing an intuitive interface, creating advanced tools for easy processes, and maintaining a dependable and transparent business. The headquarters of the company is in Estonia while a representative office is located in Canada. Location addresses are provided for the offices. 

3Commas quick summary

Some of the crucial aspects of this service that the company focuses on are:

  • Rebalancer which helps create portfolios and rebalance accounts. 
  • Dashboard feature allows you to track multiple accounts and check the daily profits and loss.
  • Test strategies with the paper trading feature.
  • The smart cover enables earning additional profits with the unexpected market movement.
  • Options Bots help you to trade options via a set of automated strategies.
  • You can subscribe to the signals of other traders and copy the approaches they use.

Is it easy to use?

The user interface is simple and easy for newbies and seasoned traders. To use the service, you need to choose from the available plans or use the 3-day free trial offered for the Pro plan. Features like the SmartTrade, Terminal, and dashboard provide easy execution and control of trades. Further, the bots allow position hedging resulting in added revenue. The mobile application makes it easy to track launch bots, execute orders from anywhere.

3Commas reputation

This company boasts of an average monthly trading volume of $22.5 billion and over 1.2 billion trades. Over 220,000 registered users have been using the service since it started in 2017. Further, we found 1004 user reviews for the company on the Trustpilot site with a rating of 4.4/5.

What crypto exchanges are supported?

Some of the major exchanges that support the automated tools of this company are:

  1. Gemini
  2. FTX
  3. Binance 
  4. Deribit
  5. BitMEX
  6. Coinbase Pro
  7. Bittrex
  8. ByBit
  9. Poloniex
  10. OKEX
  11. Kucoin
  12. Huobi
  13. Kraken
  14. Bitstamp
  15. Gate.io
  16. Bitfinex
  17. Binance US

Price

A free plan, a starter plan ($14.5/month), and a pro plan ($49.5/month) are available for users. The plans include TradingView integration, free access to the mobile app, tracking all crypto accounts from a single portfolio, and more. A 3-day trial period is provided for the Pro plan. 

Security and privacy of 3Commas

The vendor does not provide info on the security measures used. Other than the mention of the use of two-factor authentication to safeguard user data, we could not find the security methods the company uses.

What about customer support?

For support, the company provides an FAQ section, a knowledge base, and links to the social media pages of the company on Twitter, Facebook, Telegram, and YouTube. Here are some of the user feedbacks for this company found on the Trustpilot site:

User review for 3Commas on the Trustpilot site.
User review for 3Commas on the Trustpilot site.

From the reviews, we can see that users appreciate the top-quality tools, easy-to-use service, and efficient bots.

Profitability of 3Commas

Users have access to features like the smart trading terminal for proper control of the orders and ensuring maximum returns. Further, the ability to track all accounts from a single place is another perk for users.

Deposits, withdrawals, and fees

Since deposits and withdrawals are allowed only on the exchange account and not via the bots, there are no associated fees for the transactions.

Advantages of 3Commas

Beneficial pricing

Pricing plans are favorable for users with the affordable starter plan, 3-day trial for the Pro version, and free registration.

Wider range of strategies

You get to choose from the diverse methods available. Further, the service offers multiple tools for boosting the strategies like performance analytics, tracking, etc.

Disadvantages of 3Commas

Lack of security info

The company does not provide much info on the security features it provides for users. There is no withdrawal access for the bots and two-factor authentication is used by the service.

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