3Commas is a leading digital assets platform specializing in advanced trading bots designed to execute strategies for both part-time and full-time crypto traders. This comprehensive review explores its bot offerings, account types, pros, cons, and key considerations before signing up.
What Is 3Commas?
Launched in 2017 by Yuriy Sorokin, 3Commas provides cryptocurrency trading bots that automate profit generation without constant portfolio monitoring. Headquartered in Tallinn, Estonia, with a secondary office in Toronto, the platform also offers portfolio rebalancing, educational resources via its academy, and technical analysis tools.
How Trading Bots Work
Trading bots are programs that execute trades automatically based on predefined strategies. For example, a bot could buy Ethereum (ETH) at $2,000 and sell at a 10% profit ($2,200). Key benefits include:
- 24/7 Trading: Crypto markets operate round-the-clock; bots capitalize on opportunities even while you sleep.
- Risk Management: Implement stop-loss orders (e.g., sell ETH at $1,800 to limit losses) and safety orders.
- Flexibility: Manual intervention is optional—cancel unprocessed trades via the "Cancel Deal" button.
👉 Discover how trading bots can optimize your crypto strategy
Supported Exchanges
3Commas integrates with 19 exchanges, including:
- Spot Trading: KuCoin, Coinbase Pro, Kraken, OKX
- Futures Trading: ByBit, Gate.io
- Margin Trading: Binance (solely supports leveraged trades)
Unsupported exchanges (e.g., Phemex, Uniswap) require alternative bot providers like Cryptohopper or Bitsgap.
Products & Services
1. Trading Bots
DCA Bot
- GORDON: Pre-set conservative/moderate/aggressive strategies.
- Wizard: Guided setup for beginners.
- Advanced: Customizable long/short strategies with safety/take-profit/stop-loss orders.
GRID Bot
Ideal for beginners, this bot uses grid levels to trigger buy/sell orders between upper and lower price bounds. Profits are instantly deposited into your wallet.
HODL Bot
A long-term investment bot that buys fixed amounts at regular intervals (e.g., $50 of Stellar every 5 days), capitalizing on steady growth.
Options Bot
Trades call/put options with strategies like "long straddle" or "short butterfly." Customize via simple (volatility-based) or advanced settings.
2. Trading Terminal
A feature-rich platform for technical analysis, offering:
- Chart tools (Fibonacci, Gann)
- Indicators (MACD, RSI)
- Timeframes (1 minute to 1 month)
3. TradingView Integration
Link bots to TradingView signals for automated trade execution. Setup involves:
- Selecting "TradingView Custom Signal" in bot settings.
- Configuring alerts/webhook URLs on TradingView.
👉 Learn how to maximize profits with TradingView signals
Account Plans
| Plan | Monthly Cost | Key Features |
|------------|-------------|---------------------------------------|
| Free | $0 | 1 bot per type, 1 Active SmartTrade |
| Starter| $29 | Unlimited SmartTrades, paper trading |
| Advanced| $49 | 1 GRID/Options bot, unlimited others |
| Pro | $99 | Unlimited bots, API access |
Note: Pro accounts include a 3-day free trial (no card required).
Safety & Reliability
- Encrypted APIs: Secure payment/data protection.
- 2FA & Backup Keys: Enhanced account security.
- Uptime: Less than 0.01% downtime over 90 days.
Customer Support
- Live chat, email ([email protected]), and a help center with troubleshooting guides.
Pros & Cons
Pros:
✔ Strategy execution without emotion
✔ Copy successful traders
✔ Beginner-friendly bot setups
Cons:
✘ High subscription costs
✘ Limited to crypto trading
✘ Restricted exchange support
FAQs
Is 3Commas safe?
Yes. It uses encryption and 2FA, and doesn’t store exchange login credentials.
How do I update my API key?
Navigate to the exchange’s API management tab, adjust permissions, and refresh in 3Commas.
Are 3Commas bots profitable?
Profits depend on your strategy. Bots execute trades but don’t guarantee returns.
Can I short positions?
Yes. Tutorials in the education section explain how to configure short-position bots.
What are the best bot settings?
Explore community recommendations on YouTube, Reddit, or 3Commas’ copy-trading marketplace.
Final Verdict: 3Commas is a powerful tool for automating crypto strategies, suitable for all experience levels. While costly, its bots, educational resources, and reliability make it a standout choice.