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All about 3Commas features

Tools, features, history!

Updated over 2 months ago

3Commas is one of the most highly regarded services among cryptocurrency traders. By means of a smart trading terminal and automated bots, crypto traders can increase their profits while minimizing their risks, thanks to the software's capabilities.

Originally, 3Commas was created as a tool only for personal use, but gradually, the service evolved to gain new functionality. Now, more than 100 thousand traders have the opportunity to trade on one of the 14 exchanges using our advanced trading terminal, the effectiveness of which is appreciated both by beginners and crypto whales. 3Commas was founded in 2017 and became an official partner of Binance by October 2019. To achieve so much in such a short period, the future is very bright indeed!


The main advantages of 3Commas

We understand that getting to know the software can be difficult and that practice is essential. To prevent users from risking their actual funds as they are learning, or even just for testing a tool or an idea, 3Commas offers users the Demo account facility. This is a virtual account for you, where all data is taken from real-time exchanges. So, every 3Commas user can come up with a trading strategy and try it on a virtual account without any risk.

Our integrated trading terminal, known as SmartTrade

By using a SmartTrade terminal, a trader can manage several trades across multiple exchange accounts at once, and in addition to that, a trader can place types of orders that may not be available on these exchanges. Stop Loss, Trailing Stop Loss, and Move to Breakeven will help traders to secure their trade and save it from unexpected market drawdowns, and features like Take Profit, multiple Take Profit Targets, and Trailing Take Profit will help traders gain even bigger profits than expected. The SmartTrade terminal is available in both Spot and Futures markets.

This bot uses the strategy by which it is named, the essence of which is to buy and then sell an asset at pre-set levels. The trader simply needs to set the range with minimum and maximum prices of the asset, the number of price levels, and order size. The bot will do the rest - it will buy when the price of the asset falls and sell when it rises, perfect for trading when an asset is in a period of consolidation! With Backtesting, Optimization, Trailing Up and Trailing Down features, trading automation has hopped onto another level!

These bots allow you to invest gradually, at levels you preset by “Dollar Cost Averaging” your entry price, increasing your position size, and minimizing having to use Stop Loss to end a trade prematurely. For example, let's say you bought Bitcoin in 2017 for $20,000 - this is the “all-time high” price for Bitcoin so far. And if you really bought it, then you would have to wait for its price to return to the same high level and go even higher for you to sell it with profit.

Using the DCA strategy, you would not find yourself in a similar problematic situation because the essence of the strategy would be to buy additional Bitcoin in equal amounts at different, lower price levels using the DCA Bot’s Safety Order feature. For example, you could place 4 orders for prices of 5, 10, 15, and 20 thousand dollars, and you could have made a profit when the price rose above $10,500. It should be noted that the DCA bot also allows you to use this strategy on smaller time frames to trade smaller moves in asset prices successfully.

Additionally, you can use a Multiple Take profit feature to try to make your trading even safer and more profitable.

There is also a simplified version available for traders known as “QFL” (short for “Quick Fingers Luc”).

Plus, there is an excellent “Marketplace” on 3Commas where you can research and purchase trading signals to suit your trading requirements. You can easily find signals for both Long and Short positions, and for Spot, Futures or Margin trading!

Whether you're tracking a TradingView Technical Analysis specialist or using indicators and Pine Script strategies with your own settings, seamlessly execute them with 3Commas webhooks to avoid missing out on potential opportunities.

Our Signal Bot users have the remarkable capability to utilize this feature across multiple exchanges for both Spot and Futures trading, all from a single, user-friendly 3Commas interface. Users will have the ability to trade on exchanges like Binance, OKX, Bybit, Coinbase Advanced, and others with ease, making it more convenient than ever to manage and grow your crypto portfolio.

With Signal Bot, trading possibilities are limitless. Traders are not confined to GRID or DCA bot strategies. Your skills are the only limit to your potential success.

For example, you can use Signal bot to trade based on the tweets in X (ex Twitter).

Here are some of the advantages of the Signal bot:

  • Sophisticated Alert-Based Actions

  • Tailored Investment Control

  • Transparent Signal History

  • Automated Signal Processing

Regardless of the type of subscription, portfolio asset tracking is available to all users. On 3Commas, a user can either link an existing portfolio from an exchange or create a new one by adding the necessary assets or external wallets. Thanks to a convenient and intuitive interface, you can monitor your own portfolio as well as analyze assets with their profit published by other traders.

It doesn't matter if you are a beginner or a professional in your field, you will find some interesting and educational articles on our blog. Every Friday we publish an article with detailed cases which can show you how 3Commas works, ideas for creating trades and will teach you how to apply this knowledge in real situations for the unpredictable cryptocurrency market!

In our school, you can take a course and grow from a beginner to an advanced trader and learn about all the characteristics and tips and tricks of the market. We will not only explain the fundamentals of trading, like the difference between a limit and a market order, but also we will tell you about popular trading strategies that allow you to make money on both rising and falling markets. Including many more useful things that are essential for any trader to learn. Most importantly, we will teach you how to effectively use this new information with the 3Commas service.

In conclusion.

3Commas is constantly changing and improving, keeping up with the development of the crypto industry. But no matter what, users will always remain our main priority and the number one driver for improving the software. Together with traders, we will shape and determine the future of the 3Commas service.


FAQ

Is 3Commas safe?

Yes, 3Commas constantly improves its security measures.

It persistently keeps in contact with exchanges to develop an even safer environment for our users.

More information about security measures can be found in this article:


Is there any other place to learn the basics if I'm a new user?

Yes, there is a dedicated place where you can watch the video tutorials, find the articles and go through the product tour once again. This place is located on this page:
Beginners guide.


How to get started?

First, you need to choose what type of trading you desire to start with - manual or automated. Then, you can choose a tool like SmartTrade, DCA bot, Grid bot, or Signal bot. If you have never traded before, it's a good practice to start trading on a Demo account. It mimics the Binance Spot exchange and has tools to try your trading ideas and plans.


Do I need to transfer funds to 3Commas to start trading?

No, you don't need to transfer funds to 3Commas. All funds remain on your exchange account's balance and 3Commas has no access to withdraw or transfer them to another exchange or wallet. You need to connect your exchange to 3Commas using API keys and have sufficient balance on the exchange you can trade with. That's it!


How to connect an exchange to 3Commas?

To connect exchanges like Binance, OKX, Bybit, Coinbase Advanced, and Gate.io, you can use the Fast Connection tool. It is the easiest, most convenient, and secure method of connection. You just need to log into your exchange account and proceed with the Fast Connection process on 3Commas.

The rest of the exchanges support connection with manually created API keys.

All the instructions for each of the exchanges and possible errors troubleshoots you can find in this collection:

Here is a list of all supported exchanges on 3Commas:


What subscription plan should I choose?

It depends on your needs. If you are new to trading you might want to start with the trial period after the registration and decide what plan you want to proceed with. All paid plans will allow you to trade on a Demo account and try out all our tools and your trading strategies and ideas. Later, you will understand which plan suits you most. To learn more about available subscription plans, please head to this article:

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