Introduction: What is 3Commas? 

3Commas is a platform that acts as a one stop shop for your crypto trading needs.

The goal is simple: connect your crypto exchange(s) account(s) and trade on 3Commas. Depending on your needs and goals, you can use advanced and easy to use SmartTrades (more on those later) and crypto trading bots, either by creating your own strategies or copying existing cryptocurrency bots created by users.

But is the 3Commas platform any good? Is it easy to use for beginners and yet great for more advanced traders? What are the pros and cons?

This 3Commas review intends to answers just that in a concise yet complete fashion so you can decide whether to use it or not.

User Interface

Visiting the website for the first time, you can immediately tell that the design has been thought out very well. It is sleek and clean which begs the question: Will it be beautifully designed afterwards as well?

The answer is a big YES and it is quite a challenge to make such a platform so easily accessible to the amateur traders out there.

The simplicity and accessibility of 3Commas is without a doubt one of the key factor of the platform’s success which now accounts for more than 120 000 users worldwide and a daily trading volume of more than 60 Million USD. Quite impressive!

3Commas user Interface Dashboard

3Commas Exchanges

In order to trade on the platform, you need to connect your already existing trading account(s) on your favorite crypto exchanges.

You can connect as many as you want and as usual, you will have to create an API key and enter both your public and private key. Remember to disable the “withdraw funds” option when creating them and if you are not sure how to create API keys, don’t worry 3Commas will show you how thanks to a very ea

The number of crypto exchanges you can connect to is quite big and this is a huge pro for 3Commas.

  • Binance

  • Binance DEX

  • Binance Futures

  • Binance Jersey

  • Binance US

  • Bitfinex

  • Bitmex

  • Bitstamp

  • Bittrex

  • Bybit

  • Bybit Testnet

  • Cex

  • Ethereum Wallet

  • Exmo

  • Gate.io

  • Coinbase Pro (GDAX)

  • HitBTC

  • Huobi

  • Huobi Russia

  • Huobi (HBUS)

  • Kraken

  • Kucoin

  • Okex

  • Poloniex

  • Yobit

3Commas Smart Trading

Smart Trades

3Commas.io is more than just crypto trading bots. It can act as a trading terminal for all your manual trades and we must say it is well executed. This is what they call “Smart Trades”.

Subscribers will enjoy the great integrated Tradingview charts and the V2 is currently in BETA as we are writing this review.

3Commas Smart Trade

We will dig deeper into Smart Trades in an upcoming article by going through one step by step.

If you are a beginner trader and not sure how to execute one properly, know that  3Commas has a great FAQ on Smart Trades for those that would be lost.

In essence, here are the steps to follow:

  1. Select the exchange you want to trade on
  2. Select the crypto pair you’d like to trade (i.e: BTC / ETC)
  3. Select the type of your order (limit / market)
  4. Choose wether or not you’d like a trailing buy (only available for market orders)
  5. Select the amount you would like to buy
  6. Choose if you want an automatic take profit (and set the desired percentage)
  7. Choose if you want an automatic stop loss to minimise your downside if you are wrong (plus set desired percentage)

Smart Sell

Now that you are familiar with Smart Trades, Smart Sell will be quite intuitive, especially since the interface is the same.

It allows you to create a sell order for coins you already own with specific conditions.

For example: You can put an order to sell 1 BTC that you own and bought at $7000, if the price goes to $7100, staying in profit and at the same time protect your downside while ordering the engine to put a sell order if the price reaches $6950.

3Commas Smart Sell

In essence, here are the steps to follow:

  1. Select the exchange you want to trade on
  2. Select the crypto pair you’d like to trade (i.e: BTC / ETC)
  3. Select the price at which you paid your coins (used as a basis for profit / loss percentages)
  4. Select the amount you would like to sell in case parameters are met
  5. Select your take profit percentage
  6. Select your stop loss percentage
  7. Press Create Trade

Once again, if you feel a little lost, we advise you to read the FAQ on Smart sell which is self explanatory and well written.

Smart Cover

This feature is meant to sell crypto and then buy it back at a lower price.

You can use it either as a traditional short, or as a way to buy back coins that you sold for a profit and want to flip again in the next leg up for example.

As you can see on the screenshot below, Tradingview charts and signals can always be included in your trading terminal, wether you want to set up a Smart Trade; Smart Sell or Smart Cover.

3Commas Smart Cover

In essence, here are the steps to follow:

  1. Select the exchange you want to trade on
  2. Select the crypto pair you’d like to trade (i.e: BTC / ETC)
  3. Select the price at which you want to sell said coin.
  4. Select your take profit percentage (The price at which you want to buy the coins again)
  5. Select your stop loss percentage
  6. Press Create Trade

If you have pending questions or want to go into further details, please read  the FAQ on Smart Cover.

3Commas Signals

The platform allows you to connect your bots to signals.

For those of you that are not familiar with signals, they are trigger for actions (buy / sell) generated by technical analysis.

Here is how it works in practice:

  • Select a signal that looks promising (that you created or found on the marketplace)
  • Connect your bot to the signal
  • Select your bots criteria (trading amount; stop loss; take profit; etc.)
  • Launch the bot
  • Your trading bot will now use the signals’ triggers (buy / sell; etc.) and automatically trade accordingly

3Commas Marketplace

Marketplace Introduction

The platform features a marketplace where you can rent a bot.

We talked about signals and what they are earlier. 3Commas marketplace allows you to use signals made by other traders.

This means that you can allocate some of your funds to copy the trading strategy of someone else.

This is a pretty big deal for several reasons: 

  • You can copy profitable trading strategies without knowing much about trading yourself.
  • Usually an inexpensive method to try a new strategy.
  • You should be very careful since you are basically allowing someone else to trade your funds for you.
  • Past performance is not indicative of future results.
  • You can monetise your strategy if it is any good.
3Commas Marketplace

As you can see, it is pretty easy to navigate the marketplace.

Signals can be sorted by the amount of followers; name; newest and filtered by :

  • Exchange
  • Free / Paid signals
  • Scope (New ; Featured; Sale)

Anatomy of a Signal Page

You will find relevant informations on the signal’s preview card:

  • Price (usually a monthly fee)
  • Exchange
  • Number of community members
  • Amount of signals per week (frequency of trades)
  • Access to a detailed page with statistics
3Commas Copy Signal Intro

Summary of Last Signals

When checking a strategy that you would potentially like to emulate, you will have access to the last trades that the bot executed. Thus having a deeper understanding of the bot’s ability to turn a profit.

This can give you a good indication fo what to expect.

As always though, beware. Past performance does not mean future results. No strategy is infallible and there will be times when the bot will have trades that go south. You should always try to understand how the bot operates and be extra careful regarding your safety parameters (size per trade / stop-loss; etc.). Especially when trying out a new signal.

3Commas Last Signal Results

Additional Informations

Each strategy page will come with additional informations regarding the strategy; community and team behind it.

We obviously encourage you to do your own research about every aspect of the signal you will be copying. Please do not rent a strategy blindly.

3Commas Signal Additional Informations

3Commas Bots

Introduction

If you are interested in 3Commas, there is a pretty good chance that you are interested in automating your trading via bots.

As you will soon discover there are many possibilities and types of bots available on 3Commas which makes it a very versatile option.

Wether you want to automate own strategy, find existing and profitable crypto bots or are simply looking to copy trades automatically, 3Commas has got you covered. It can get a little complicated though so we will indeed dig deeper into your options so that you can get a better understanding of all the different features.

Here are the different types of bots you can use and setup on 3Commas: 

  • Gordon Bot (Dollar Cost Averaging)
  • GRID Bot
  • Advanced bot

After we have covered those, we will touch on Copy Trading and the platform’s extensive marketplace.

Gordon Bot

The Gordon Bot is 3Commas Dollar Cost Averaging trading bot.

For those that are not familiar with Dollar Cost Averaging, it is a strategy in which you invest a fixed amount into a given investment, on a regular basis.

Basically, the aim of the Gordon Bot is to accumulate a given currency.

Let’s say you want to increase the number of Bitcoins you own in an efficient way. You can use the Gordon bot to decide when to buy and sell automatically so that the amount of BTC you own will go up. Simple.

But what does the Gordon Bot uses to know when to buy and when to sell to reach your goal?

Gordon Bot Indicators

It uses the QFL (QuickFingers Luc) strategy.

To put it simply, the bot waits for a drop to a support level before pulling the buy trigger, expecting a bounce.

If you want to learn more about the QFL strategy, please read 3Commas QFL Page here where you’ll get access to more details.

Gordon Bot Parameters

You can choose and adjust the settings in order to increase or decrease the safety of the implemented strategy. From Safe & Slow, to Riskier & Fast.

Obviously, the riskier the parameters, the more the bot will seize an opportunity.

3Commas Gordon Bot

GRID Bot

The GRID Bot is a great solution if a crypto is trading in a range for a period of time. The bot’s aim is to catch every movement in that range. Pretty straightforward and quite useful.

In essence, the range will be divided into buy and sell levels, hence the name GRID bot.

The bot will then place buy order when the price dip and a sell order to a level above.

One important fact to consider is that the bot will not trade on the level closest to the current trading price to mitigate risk.

GRID Bot Strategies

Regarding the strategy, you first have a choice to make, either to let AI choose the range and set the grid automatically, or to set the parameters and determine the range by yourself.

1. AI Strategy

As stated, with the AI strategy, the range will be predetermined automatically.

The upper and lower limit of the range are set to be 3% from the weekly high and weekly low of the selected trading pair.

It will also automatically determine 10 levels as well as indicate the profit per grid (i.e: 1.8%)

This will be a great way for newer traders to make a profit out of a ranging trading pair. This exercice is very difficult and impossible if you can’t stare at a chart all day!

It is worth noting that you should keep track of trading fees when trading with small profit percentages as they can eat out all your profits.

2. Manual Strategy

By selecting the manual strategy option, you will be in command.

You will have to choose manually the range you would like the bot to trade in and its levels (where you want the bot to buy / sell).

We advise any beginners to use the AI strategy at first in order to get an actual feel for how the bot is performing. More advanced traders should use this option in order to suit their trading style and experience.

3Commas GRID Bot

ADVANCED Bot

The ADVANCED Bot is the most customisable bot there is on 3Commas.

This will be your ultimate weapon in order to create custom strategies; copy signals (more on those later in the review) and strategies with your own settings.

The Advanced Bot can be divided into the Simple bot and the Composite bot.

Simple Bot

You should use a Simple bot if you wish to trade only 1 crypto pair (i.e: BTC/ETH). Don’t be confused by its name though because it can be very powerful.

You are free to input whatever strategy you like and that is working for you. Hopefully you will backtest it if you haven’t already in order to see if it has a high probability of making a profit when you launch it.

Composite Bot

The Composite bot will allow you to launch an automated strategy scanning several crypto pairs. Thus increasing your opportunities across markets. More opportunities equals more profits, granted you have a sound strategy and appropriate risk management indeed.

Aside from that parameter, both the Simple and Composite bots are exactly the same.

3Commas Advanced Bot

You have access to a wide range of parameters.

From predefined strategies to stop loss and take profits, you can set up your Advanced bot the way you want.

We are not going to go into too much details regarding each of the settings available or how to set up your very own bot. 3Commas has a great FAQ that should contain all the informations you need. If you have any pending questions, a tutorial might be coming!

You will find below the basic settings available.

3Commas Advanced Bot Settings

3Commas Paper Trading

Paper trading is available on the platform. This is a great feature and we wish more crypto trading bots allow it.

It gives you the ability to trade in a simulated environment without risking your funds. Novices will be able to get a feel for what it is like to place an order or launch a bot safely. More experienced crypto traders will use it to test a new bot before employing it in their live account.

This features is available on all subscription plans, from the STARTER to the PRO plan.

Security

Is 3Commas Safe?

The security of your account is not taken lightly on 3Commas platform.

You indeed have the 2FA that you can (read: Should) activate; a lot of notifications to set up in roder to be informed of what’s going on your account.

Last but not least, 3Commas recently implemented an IP address confirmation when it detects login from a new IP address. While a bit annoying at times, it really improves the security level and we can all agree about its efficiency.

Furthermore, there are many notifications parameters that you can choose to activate.

Wether it is on your mobile; email; on the phone App or the telegram bot, 3Commas has it all!

From trades triggering  to connections alert, you can individually set what you want to be aware of.

All in all, 3Commas is one of the best in class in our safety category.

3Commas Security Notifications

3Commas Pricing

The platform offers a variety of plans as well as a free trial.

3Commas Free Trial

What’s better than being able to try a software before pulling your credit card out of your wallet?

The good news is that the guys at 3Commas very conveniently provide a 3 days free trial  to the PRO version which allows you to test every single features available on the most expensive subscription, neat!

STARTER Plan

If you’re just starting out or unsure if you will be using the platform very long or simply looking for a way to set some trades with sound settings easily, then the starter plan is what you’re looking for.

You will have access to 3Commas great and advanced trading terminal; be able to test your strategies without risking your crypto capital thanks to Paper Trading and last but not least, will have access to Futures Trading.

It is important to note that the STARTER plan will thus won’t allow you to automate your trading. Only to use the platform as a trading terminal and to follow the evolution of your capital; so if you want to automate your trading, you will have to at least choose the ADVANCED plan.

Starting at 21€ for a yearly subscription, up to 29€ for a monthly payment, it is a very affordable option, even to those with a small trading capital.

ADVANCED Plan

If you want to try to automate your trades in order to put your emotions out of the way, the advanced plan might be just what you’re looking for.

Targeted at more seriously committed users or simply those that want to automate all or part of their investing, 3Commas Advanced plan comes with all the STARTER Plan features plus TradingView custom signals and simple auto trading bots.

One point to note and be aware of is that this plan won’t let you access or set up bots for futures trading and leverage so if you like to go 10x on every trade (we hope not) or now trade exclusively on Bybit, you will have to go for the PRO plan.

It will set you back €36 for the yearly payment and €49 if you opt for a monthly payment. Not as cheap as the Starter plan obviously but still a great deal and a pretty economic options for all the features that it grants!

PRO Plan

This is the plan you are looking for if you want to step up your crypto trading; automate complex strategies and auto-trade with leverage!

This subscription obviously comes with all the features of the ADVANCED Plan, plus Composite Bots; GRID bots and Bitmex; Bynance Futures; Bybit bots.

3Commas Pricing

3Commas Fees

3Commas does not charge any fees or commissions, regardless of your subscription plan (STARTER; ADVANCED; PRO) or the success of your trades (profit or loss).

This is a critical point and a very good news for 3Commas users.

Payment Methods

Means Of Payments Accepted

You need to deposit funds to 3Commas in order to select a plan and have several options you can choose from:

  • Paypal
  • Credit Card
  • Apple Pay
  • Coinpayments

Cryptocurrencies Accepted

If you choose the Coinpayments solution, you will be able to pay using one of the cryptocurrency below:

  • BTC
  • LTC
  • ETH

3Commas Discount

If you are looking for a discount code, a promo for your 3Commas subscription, we have a good news.

Visit the platform thanks to the link below and enjoy 10% off any subscription!

Get 10% OFF 3Commas

CONCLUSION

As you can see, 3Commas’ platform is more than a crypto trading bots platform.

Using 3Commas as a trading terminal to set your smart trades (with trailing stop losses and trailing take profits) can be very valuable for amateur traders and people venturing for the first time into crypto trading.

If you have been trading for a little while and want to take it a step further; start playing around with bots in order to automate your trading process. Thanks to the backtesting available as well as the Tradingview integration, you will be able to implement your favorite trading strategy without your emotions ruining your profits!

On a final note, we can only encourage 3Commas’ team to keep moving forward and improving the platform because even if they have already come a long way, they are far from over!

Yes, 3commas offers copy trading to cryptocurrency traders. You can create or rent signals that will allow you to copy trade.

3Commas is without a doubt one of the best crypto trading bot and copy trading platform there is at the moment. With a reasonable price it is definitely worth a try!

There are many 3Commas alternatives. Among which we recommend Cryptohopper, Zignaly, Haasbot. To discover more check out our reviews.

Yes, you can set trailing take-profit and trailing stop-loss on 3Commas as well as trailing buy orders for example. If you need help, the platform’s FAQ will answer your questions.

Yes, 3Commas provide an affiliate program with several tier. You can refer friends and earn referrals even without a paid subscription.

3Commas Review - The Best Crypto Trading Bot in 2020?

The Most Complete 3Commas review! A Crypto Trading Bot and Trading Terminal All In One! Discover What Makes 3Commas one of the greatest crypto trading bot!

Price: 14.5

Price Currency: USD

Operating System: Cloud-Based

Application Category: Crypto trading bot