3Commas Review: Worth It or Not?

3Commas

3Commas boasts a feature-rich trading terminal and proven bots that work 24/7. The service supports more than 18 major exchanges. As per the vendor, the platform can help traders achieve the best results regardless of the market conditions. The bots are skilled in cutting down the average buying costs which increases the profits in every trade you execute.

About 3Commas

3Commas is a crypto trading platform providing a comprehensive set of tools that boost your profit margin. It integrates with many of the major exchanges and has inbuilt functions that minimize risk and help to grow your assets.

How it works

The service provides bots that work 24/7 opening deals for you accurately using effective strategies. You can set the bots to work under any market conditions including a bear and bull markets. It rebalances your portfolio with any coin allocation in a single click. 

The dashboard features easy tracking of multiple accounts. With the trading tools, you can boost your profits in case of unexpected market movement. Option bots are present which are designed especially for trading options on the exchanges.

How to get started with 3Commas?

Here are the steps needed to start using the platform:

  1. Visit the official site and sign up for an account.
  2. Log in to the account and connect it to your exchange trading account by generating API keys
  3. After connecting to the exchange, you can choose the bot strategies and other parameters
  4. Once the bot configuration is completed you can deploy it. The bot will start trading for you 24/7
  5. You can also use a virtual exchange account via paper trading to test the bot before using real money

How much does 3Commas cost?

Pricing plans include a free plan that includes one grid, one DCA, one options bot, one active SmartTrade, and an unlimited scalper terminal. Other plans are the Starter($14.5/month) plan, the Advanced ($24.5) plan, and the Pro ($49.5/month) plan. Multiple level referral programs, integration with TradingView, free mobile apps, 18 supported exchanges, and 20 + features are common to all the plans. Here is a comparison table of the various plans and their features. From the plans, it is clear that the pricing is expensive.

Starter ($14.5/month)Advanced ($24.5/month)Pro ($49.5/month)
1 grid bot1 grid botUnlimited grid bots
1 DCA botUnlimited DCA botsUnlimited DCA bots
1 options bot1 options botUnlimited Options bots
Unlimited active SmartTradesUnlimited Active SmartTradesUnlimited Active SmartTrades
Unlimited Scalper TerminalUnlimited Scalper TerminalUnlimited Scalper Terminal
Paper TradingPaper TradingPaper Trading

Fees and commissions

The service does not charge a commission fee for the trades you execute. 

What exchanges does 3Commas integrate with? 

This crypto service integrates with 18 exchanges. Here is the list of its supported exchanges:

  • FTX
  • Binance
  • OKX
  • Bybit
  • BitFinex
  • Bittrex
  • Coinbase Pro
  • Deribit
  • Bitmex
  • Bitstamp
  • Gate.io
  • Kraken
  • Poloniex
  • Gemini
  • Huobi
  • Kucoin

Security and reliability

As per the vendor, the platform connects with the exchanges only via API keys. The process ensures your refunds are secure as the platform does not have withdrawal permission.

What languages does 3Commas support in their product?

English, Russian, Dutch, French, Chinese, Korean, Turkish, Spanish, and Czech are the main languages the platform supports.

What kind of support options does 3Commas offer?

For support, the vendor offers the address of its Estonia and Canadian offices, an email address, and links to its social media pages on Twitter, Facebook, YouTube, and Telegram.

The core team members

As per the vendor info, the company was started in 2017 by a team of three members to provide a simple and user-friendly interface, advanced trading tools, and a transparent and reliable business. The vendor does not provide further details on the company.

Strategy: Grid, DCA, and others

DCA and Grid approaches are used by the bots for ensuring high returns. While the DCA bot invests currency at predefined levels to minimize volatility risk and to reduce the entry price, the grid bots buy at a lower price and sell the coins when they are nearer the resistance level.

3Commas review: backtesting

Simulation trading is present for the bot service but no backtesting feature is present.

Trading performance

The vendor does not provide verified results of the performance of the bots.

3Commas: User experience

The user interface is designed to make trading easy, quick, and efficient.

Should you use 3Commas?

The free plan, user-friendly interface, and wide range of trading tools make the platform suitable for beginners and seasoned traders. 

3Commas Crypto Bot

3Commas
4 10 0 1
3Commas offers a diverse range of tools that cover all important aspects of your trading. However, we found certain drawbacks such as the absence of a verified track record, insufficient security info, and expensive pricing that you need to consider before you decide on using the service.
3Commas offers a diverse range of tools that cover all important aspects of your trading. However, we found certain drawbacks such as the absence of a verified track record, insufficient security info, and expensive pricing that you need to consider before you decide on using the service.
4/10
Total Score
  • Features
    5/10 Neutral
  • Reliability
    4/10 Passably
  • Fees and Commissions
    5/10 Neutral
  • Price
    4/10 Passably
  • Transparency
    4/10 Passably
  • Ease of Use
    4/10 Passably

Positives

  • Automated bots
  • Free plan

Negatives

  • Lack of verified proof of performance
  • No backtesting feature present
  • Expensive pricing
Total
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