In case you’ve been across the cryptocurrency house for some time, you could have positively heard about 3Commas. The title refers to a famend platform within the cryptocurrency market that provides superior instruments geared toward streamlining the buying and selling course of. This information will delve into the fundamentals regarding this crypto buying and selling bot platform and a few of its key options. Along with 3Commas’ portfolio administration capabilities, we may even be taught in regards to the founding workforce behind it.
Welcome aboard!
Introduction
As crypto buying and selling turns into more and more standard, members are at all times looking out for buying and selling methods. This has made automated buying and selling bots a preferred addition in buying and selling instruments lately, and it’s straightforward to know why. Who wouldn’t need to have a coterie of buying and selling bots working for them and make cash as they chill out?
Whereas they could not make you an in a single day millionaire, crypto buying and selling bots at the moment are a priceless assistant for a lot of merchants. And that is the place crypto buying and selling platforms like 3Commas, one of many main crypto bot platforms, come into play. 3Commas was based in 2017 by Egor Razumovskii, Yuriy Sorokin, and Mikhail Goryunov in Tallinn, Estonia. The intention was to supply merchants with a platform the place they might arrange automated crypto buying and selling utilizing bots.
3Commas is a cryptocurrency buying and selling platform designed to supply merchants with instruments that may assist them automate their buying and selling methods. When used on supporting exchanges, the instruments comply with preset guidelines that enable customers to execute trades at outlined intervals 24/7. Moreover, 3Commas makes use of good buying and selling instruments to supply customers portfolio administration options.
Whereas quite a few different platforms are providing an analogous answer, the 3Commas computerized bot buying and selling system has turn into fairly standard. Attributable to their experience, the event workforce has created one of many main crypto buying and selling platforms of our time. Utilizing 3Commas buying and selling bots saves loads of time, as they’ll execute a whole lot of trades, which is unattainable to do manually.
Furthermore, profitability at 3Commas is extra constant in comparison with guide buying and selling since trades comply with a predetermined technique. Utilizing 3Commas automated buying and selling bots eliminates FOMO and FUD from the equation, two elements that destabilize most merchants.
Let’s now look at the primary options of the 3Commas platform in better element.
Core Options
Supercharged DCA Bot
3Commas’ supercharged Greenback-Value Averaging (DCA) bots function automated capabilities that allow merchants to handle threat and maximize income intelligently. The bots have the capability to adapt to real-time market environments, not like the fixed-interval DCA technique. They’ll make the most of market evaluation to find out when to enter or exit positions extra optimally. Amongst its core options are automated reinvesting, which mechanically will increase the scale of subsequent orders throughout a worthwhile run by calculating income and reinvesting within the subsequent commerce.
The Dynamic threat discount function evaluates present revenue and loss and scales down order dimension as soon as the bot experiences a collection of dropping trades. This computerized discount helps to attenuate capital publicity within the occasion of a downturn. The DCA options an enhanced evaluation instrument that makes use of real-time knowledge to establish market alternatives. A number of examples embrace Relative Energy Index (RSI), Bollinger Bands (%B), and Shifting Common Convergence Divergence (MACD)
Backtesting
3Commas gives a dynamic backtesting function that makes use of historic knowledge to allow merchants to guage and refine their buying and selling methods. Its key options embrace Technique Simulation, which permits merchants to simulate what their buying and selling bots would have accomplished in related market circumstances. The efficiency evaluation function helps customers strategize successfully by producing visible revenue and loss, in addition to threat/reward graphs. The backtest function elements real looking buying and selling circumstances, together with slippage and candlewick fill logic, change charges, and precise payment tiers. There’s a Shut after Timeout that evaluates methods that mechanically shut trades after a preset period.
Sign Bot
The 3Commas sign bot makes use of exterior indicators from TradingView or webhook triggers, built-in with varied exchanges, to execute trades mechanically. The core function entails integrating standard charting platforms to execute versatile configuration for entry or exit and superior threat administration. It additionally makes use of deviation and margin controls, in addition to detailed efficiency buying and selling, to research revenue and loss and commerce historical past. The bot mechanically analyzes order dimension and leverage, supporting each spot buying and selling and futures buying and selling with a paid plan, even for demo use.
GRID Bot
The 3Commas GRID bot is designed to make income throughout market volatility by mechanically shopping for low and promoting excessive inside a user-defined worth vary. The bot’s key options embrace a number of automated methods, resembling Rising, Steady, and Reversal, for various market circumstances and predefined worth ranges. The GRID bot additionally has trailing features that may seize developments, observe orders for energetic and closed orders, and monitor revenue and effectivity. The bot operates 24/7 to generate earnings with out requiring fixed monitoring or interference.
Portfolio Administration
The 3Commas portfolio administration instrument allows merchants to handle, observe, and analyze their crypto holdings successfully throughout a number of exchanges from a single dashboard. The function incorporates monitoring efficiency, viewing portfolio allocations, or connecting with their very own portfolios to be taught from different funding methods. The instrument integrates the platforms’ automated buying and selling bots, like GRID and DCA bots. This helps assist non-custodial safety, permitting customers to retain management of their property.
Multi-Shopper Portfolio Administration
The 3Commas multi-client portfolio administration instrument is a feature-rich asset administration platform. The instrument is designed to allow skilled merchants and asset managers to make use of a single unified dashboard to supervise and execute methods throughout a number of shopper portfolios. The platform additionally gives extra options, together with safe API administration and bulk automation for deploying a technique throughout a number of accounts. Moreover, it facilitates automated shopper reporting and payment calculation, in addition to compliance instruments to fulfill institutional necessities.
Strengths
The strengths of 3Commas are defined:
Simple Integration: The method of organising and integrating 3Commas with supporting cryptocurrency exchanges is easy. The platform makes use of SSO or API, enabling customers to attach their change accounts simply. As soon as related, the bots mechanically execute trades on their behalf, eliminating the necessity to switch funds from the change.
Automated Buying and selling: 3Commas options dynamic commerce automation instruments, together with Sign Bots, DCA Bots, and Grid Bots, that allow merchants to run varied market methods mechanically. Customers don’t have to watch the market, not like with guide buying and selling always. The GRID bot can mechanically purchase low and promote excessive; the DCA bot manages a median entry course of when markets are down. Alternatively, Sign bots use exterior indicators to execute trades.
A number of Trade Assist: 3Commas presently helps over 14 main cryptocurrency exchanges, together with Coinbase, Kraken, Bybit, and Binance, amongst others. Because of the platform’s broad market entry, customers can commerce throughout varied markets from a single dashboard with no need to change between apps. This turns into a fantastic time-saver, particularly for merchants managing a number of portfolios or quite a few shopper accounts.
Superior Options: Merchants preferring guide buying and selling can entry the 3Commas Good Commerce Terminal, which gives superior options. The platform allows customers to manually place superior order sorts that aren’t accessible with most exchanges. These embrace trailing cease losses, synchronized take-profit and stop-loss orders, or a number of take-profit targets.
Copy Buying and selling: 3Commas has a replica buying and selling function that permits new merchants to duplicate the strikes of skilled merchants and share a portion of their income. It is a win-win scenario, as rookies can copy confirmed methods whereas skilled merchants monetize their experience.
Paper Buying and selling: Paper buying and selling is a demo buying and selling account that permits new customers to observe totally different methods in a simulated atmosphere that doesn’t use actual funds. The platform funds demo accounts with about $500,000 value of digital crypto funds. This quantity is greater than sufficient for newbies to check totally different bots and methods earlier than going reside.
Weaknesses
The Weaknesses related to 3Commas are defined:
Doubtlessly Complicated Setup: Customers should join their change accounts with 3Commas utilizing API keys to make the most of 3Commas successfully. This requires with the ability to configure bots utilizing appropriate methods along with rigorously adjusting buying and selling parameters. The method might simply overwhelm new and a few current customers, because it require altering particular settings to match market circumstances. The method might be effort-intensive and time-consuming, and will complicate the preliminary setup.
Steep Studying Curve for Newbies: 3Commas is full of superior options and buying and selling instruments that might simply intimidate a brand new consumer. From buying and selling bots to trailing instruments, copy buying and selling, Good Commerce, and a number of change integrations. Starters and people coming into the crypto house for the primary time might discover these instruments, designed to automate trades, overwhelming. Newcomers who don’t take the time to learn the way all the pieces works collectively can simply make costly errors.
Comparatively Excessive Subscription Prices: In comparison with opponents, 3Commas’ subscription plans can really feel costly. A number of the platform’s standout options are locked behind paid subscriptions, which can be much less interesting for informal merchants or these with smaller portfolios. New merchants have to weigh the chance price of those subscriptions towards lower-cost or free options from related platforms.
3Commas is Best For
Algorithmic Merchants
Algorithmic buying and selling, additionally known as algorithmic buying and selling, is standard in inventory, foreign exchange, and commodities markets and has made inroads into crypto buying and selling. Whereas it has been a distinct segment space for tech-savvy people, the entry of buying and selling bots like 3Commas is altering that. With improved change APIs, rising institutional adoption, and the altering regulatory panorama, automation makes extra methods accessible.
3Commas buying and selling bots assist merchants with out coding expertise analyze knowledge and execute trades mechanically in relation to cost actions. In addition they facilitate methods like arbitrage, market making, and high-frequency trades for potential excessive ROIs with slight emotional bias.
Superior merchants executing on TradingView
The 3Commas buying and selling bots additionally work effectively for superior merchants who use exterior indicators, resembling TradingView alerts, Java and Python scripts, and PineScript, amongst others. It additionally advantages merchants utilizing different instruments, like on-chain and sentiment evaluation, or automators that may ship buying and selling indicators from related posts by way of webhook integration.
3Commas allows merchants to hyperlink TradingView methods and technical indicators, permitting for computerized shopping for and promoting to happen as soon as predetermined circumstances are met. This method works exceptionally effectively for superior merchants who can make the most of custom-made indicators or indicators to automate their buying and selling. The function helps a number of goal income, working brief and lengthy positions, and scaling entry orders.
Semi-Professional Merchants Searching for Constant Revenue
Good Commerce bots by 3Commas allow semi-professional merchants to make use of customizable approaches utilizing examined DCA/GRID strategies. In consequence, the customers can set their very own crypto buying and selling methods utilizing the platform’s superior parameters and conditional rationality. Moreover, the systematic use of DCA bots at common intervals helps to scale back the influence of market volatility and smooths out worth fluctuations over time. The result’s the implementation of tried-and-tested methods with new approaches to offer you an edge over these utilizing guide methods.
Professionals Dealing with A number of Shopper Portfolios
3Commas gives built-in portfolio administration instruments designed for specialists who require superior instruments to handle a number of shopper accounts. Dubbed the 3Commas Asset Supervisor (AM) plan, it’s a premium subscription that helps streamline buying and selling operations, shopper onboarding, and built-in reporting. Amongst its key options are a unified dashboard that facilitates all shopper accounts in a single place and multi-account buying and selling, permitting for the simultaneous execution of methods. Furthermore, a complete reporting instrument helps in creating shopper efficiency experiences whereas mechanically calculating every shopper’s charges.
Pricing
3Commas gives varied pricing plans designed to fulfill the wants of customers at totally different ranges. All pricing plans supply a unique set of options tailor-made to a consumer’s funds, commerce exercise ranges, and desired stage of automation. Merchants can select between paying month-to-month, yearly, or biannually. The next is a breakdown of the 3Commas pricing plans:
Free Plan – $0/ 0/month
The free Plan is the primary tier particularly designed for rookies who’re enthusiastic about a risk-free solution to trial the platform. Customers acquire entry to the Good Commerce terminal in demo-trading mode, together with three SmartTrades and as much as 10 GRID bots and DCA Bots every. You can’t entry futures buying and selling and solely have view-only assist for 2 related crypto change accounts.
Professional Plan – $37/month (Billed Yearly)
This second-tier Plan most closely fits energetic merchants enthusiastic about implementing automation throughout totally different methods. Merchants acquire entry to 50 energetic SmartTrades and might run as much as 50 Sign Bots, in addition to 50 DCA Bots, all with multi-pair availability. They’re additionally allowed 10 working Grid Bots, 500 energetic DCA trades utilizing multi-pair assist, and as much as 10 DCA Bot backtests month-to-month.
Knowledgeable Plan – $59/month (Billed Yearly)
The skilled, which is the third tier, gives customers a limiteless entry to energetic SmartTrades and as much as 250 Sign Bots, in addition to 50 working Grid Bots. In addition they get the power to run 250 DCA Bots utilizing accessible multi-pairs buying and selling. Knowledgeable merchants using this Plan have a excessive ceiling, with 2,500 energetic DCA trades along with 500 DCA Bot backtests carried out monthly.
The Asset Supervisor Plan – $374/month (Billed Yearly)
The Asset Supervisor plan is custom-made focusing on establishments of specialists that handle a number of shopper portfolios. The Plan integrates multi-client administration functionalities, invoicing, superior portfolio controls, and high-end dashboards.
If not one of the common plans talked about above give you the results you want, you’ll be able to request a {custom} plan from 3Commas. This can allow you to include extra limits that straight handle your particular wants.
All 3Commas pricing plans present entry to demo accounts, trailing orders, TradingView alerts, backtesting instruments, and APIs. Along with supporting over 14 main exchanges, you’ll be able to select probably the most handy cost technique, whether or not month-to-month, yearly, or biannually. Utilizing the annual Plan saves you not less than 25% on prices, whereas the biannual Plan comes with a 35% low cost in comparison with month-to-month funds.
In response to buyer complaints, 3Commas has additionally not too long ago introduced the launch of a particular Starter plan meant for rookies. The Plan will price $15 monthly when paid yearly or $20 for customers who select to pay in month-to-month installments. The options will embrace the Terminal, SmartTrades, and some DCA & Grid bots to assist rookies get began.
3Commas Affiliate Packages
3Commas operates a referral program that allows customers to make further passive revenue by introducing their associates to the platform. Every of those plans comes with particular recurring income as defined beneath:
Referral Program
The 3Commas Referral program particularly gives members a 20% lifetime fee on all referrals who pay for the 3Commas subscription. Customers have the choice to withdraw their reward to a USDT TRC20 or ERC20 pockets as soon as they’ve achieved a minimal of $50. members should generate a novel referral hyperlink from their 3Commas account and share it with associates or social media followers. The referral bonus is calculated and transferred to a consumer account each day and is offered to all customers.
Affiliate Program
The 3Commas Associates program targets content material creators and social media influencers, providing a 30-40% recurring fee on subscriptions. Moreover, members can earn extra bonuses based mostly on their viewers’s buying and selling quantity. The Associates program is an application-based program designed for people with giant audiences, rewarding them with recurring income and tiered buying and selling quantity bonuses.
Ambassador Program
The 3Commas Ambassador Program is an invitation-only alternative for incomes passive revenue, reserved for the platform’s VIP companions. Members are entitled to unique rewards and bonuses, premium buyer assist, and direct interplay with the 3Commas workforce. Whereas the Ambassador program differs barely from the Associates program, it additionally entails incomes rewards for selling the 3Commas platform. The 3Commas Ambassadors program introduces extra private engagement and extra perks.
Conclusion
For any crypto dealer enthusiastic about a platform that simplifies, automates, and optimizes buying and selling methods, 3Commas is a viable choice. The platform is full of highly effective buying and selling bots and crypto portfolio administration instruments, all on a single platform. Whereas it could have a steep studying curve for rookies, it comes outfitted with academic sources that make it a worthwhile funding. The platform additionally gives strong safety features, and the truth that you don’t have to observe over the buying and selling 24/7. Whether or not you’re a newbie, intermediate, or superior dealer enthusiastic about automating your buying and selling throughout totally different exchanges, 3Commas is good for you.
