Are you currently trading Bitcoin and Crypto Currencies?
Are you familiar with placing trade orders on exchanges?
Are you ready to make some serious money trading crypto currencies?
If you answered yes to any or all of these questions, then you need to read our 3commas review. You are familiar with the fact that you can make some substantial gains trading in the crypto currency market these days. Having the right tools to do that with makes trading much easier, and enables your profits to come in faster.
If you have experience trading already, then you know that your options for placing trades are only available for whatever exchange you’re using, and most of them don’t give you the opportunity to place buy orders, sell orders, take profit orders, and stop loss orders all for the same trade.
Well that has changed now because in our 3commas review we will reveal to you a platform that not only allows you to hook up all of your exchanges that you’re trading on, but also allows you to place orders with such tight specifics, your trading profits are increased. Not to mention the Auto Trading bot, portfolio copying, and much much more. Let’s take a closer look.
3commas.io is a trading platform that not only allows you to set up your trading accounts so that you have more control over them, but also gives you the ability to trade with features that help maximize your trading profits. This is what they call Smart Trading.
Here is an explanation of the features 3commas offer.
- You can set up accounts from Binance, Kucoin, Poloniex, Bitfinex, Bittrex, and others that are in the path of being added such as Bitstamp, Yobit, and Bitmex so that you can use the 3commas single interface instead of having to log into each account seperatly.
- The ability to trade Bitcoin pairs, Ethereum pairs, Binance pairs, and USD Thether pairs.
- Having the ability to place Smart Buy orders, Smart Sell orders, Stop Loss orders, and Take Profit orders to increase the amount of winning trades. Traditional exchanges do not have this feature.
- Keeps a history of your trades, showing you trade statistics as far as the amount of coins in the trade, when the order was placed, when the order was closed, and the profit or loss (a summary of your trading statistics from all the exchanges in one convenient report).
- There is a very powerful feature where you have the ability to trail your orders so that if you’re in profit, you can trail the trend and grab more profits without being taken out of the trade until it retraces whatever percentage you set.
- This powerful ability to trail your orders even works with your stop loss orders so that you’re not taken out of an order too early.
- The ability to turn each of these features on or off so that you have the option to place an order with just a stop loss only if that is what you want.
- Using the Robot to trade automatically with either one pair or several pairs. You set the parameters, and the robot does the trading for you.
- The ability to track top performing portfolios of other successful traders.
- It supports web browers as well as mobile devices with their mobile app.
- The ability to make referral commissions. You receive 10% of each deposit your referral makes to his 3commas.io account and when the amount of payments exceeds $1000, the percent automatically increases to 20%
You set up your 3commas account to your exchange accounts using the API feature. API key permissions are set to only allow trades – not the withdrawal of funds. That means 3Commas won’t be able to take your money – the tools only allow trading.
How Does 3Commas Work?
When you register on 3commas with your email ID, and login for the first time, you will see a screen similar to the one below. Notice how you are provided step by step procedures on how to get your 3commas account set up properly. First you want to connect to the exchanges you wish to use, setup your Smart Buy trade your Smart Buy trade or your Smart Sell trade, and then rinse and repeat making successful trades.
- Stop-Loss and Take-Profit
Contemporary stop-losses or take-profit conditions are managed and executed in real-time according to the goals you set.
- Smart Buys and Smart Sells
You set the price you want to buy coins at or sell at. The platform also has the familiar Trading View platform built into the trading back office so you can analyze each coin with the technical aspects you’re looking for with each coin as well as what some of the trading pair signals are. This gives you the ability to see if the signal is a buy signal or a sell signal.
- Trailing Take Profits and Stop Loss Orders
Trailing settings allow your trades to get maximum exposure to taking the most profits out of a trade as possible. Trailing settings can be set for not only your take profits trades, but also from your stop loss settings
- Real-time Notifications
You get real time notifications for whatever you set. You can customize what notifications you want to receive. You will get notifications to your mobile device, your browser, or email.
- Ability to Add Notes To Your Trades
Keeping track of your trade data is most efficient with 3commas so that you can know the specifics of all your trades. You can add comments as to why you’re trading the coin, what targets you’re looking to reach, and if you plan on holding the coin long term to trade efficiently through 3commas.
- Trader’s Diary
Trader’s diary is another cool feature of this tool where you get a consolidated report of the trades that you have made on all the linked exchanges through 3commas. You will also understand at a glance, by looking at this diary, the profit or loss you have incurred on a particular trade in a particular duration.
- Trading Robot
The best trading tools are the ones you don’t have to babysit 24/7 and 3Commas has rolled out a new tool that makes automatic trading a dream come true. You can trade one pair or several pairs. If you see that a coin is on a roll, then you just set your robot to trade that coin, and take profits as it rides it’s trend. You have to split the fee 50 / 50 with 3commas, but the platform will show you the top performing coins, and you can pick the best of the given coins.
- Portfolio Analysys
You can purchase baskets of cryptocurrencies through 3Commas. The platform features portfolios. You can track a specific portfolio’s progress over time, then invest in a portfolio based on your desired risk and returns. You can also create your own portfolio with the platform. After you find your desired portfolio and choose to buy it, you can click “Apply to Exchange” to purchase funds on your chosen cryptocurrency exchange.
- Fee Structure
3commas has different fee structures and is shown in the diagram below. The first one is a commission fee structure where you only pay 3commas a .25 percent fee for Smart Trades and Smart Sells. The use of infographics and portfolios, automatic balancing in particular, is completely free on 3commas for now. The fees are taken from your 3commas fee balance, and not from your trading exchanges.
When you register on 3commas for the first time, you receive a $10 balance to start with, and they set you up with a Pro account for a trial period of three days. After that your account reverts to a commission fee account where you have access to all of these great tools for free, and only have to pay the small transactions fees. When your fee balance is used up, you can add additional funds using bitcoin, litecoin, or other crypto currencies.
When you start a transaction, you are not charged the commission. The required commission amount gets frozen in your account. The commission will be deducted from your account upon the successful completion of a transaction: activation of stop-loss or take-profit or clicking Panic Sell. If you cancel a transaction or if it does not go through due to a service error, the frozen funds will be returned to your account.
Taking a serious look at what 3commas has to offer, it doesn’t take much thought to realize that you now have the tools you need to make smart and profitable trading decisions. They have intentions of making the service even better by adding features in the future. One of the features under development is the option to copy winning traders via their Copy Trading Bot feature. Having the ability to track top performing portfolios of other traders is like having a trading mentor by your side. Looking at their roadmap, it is not difficult to see that the development team seems serious about what they are developing, and currently have no competition that even comes close to what they offer for Free usage where you only pay a small percentage of your winning trades. Sounds like a win win situation to me.
I hope this detailed analysis and review of 3commas helps you in making a good decision. Share your experience with us in the comments section. We would love to hear from you. Happy trading.