In the world of cryptocurrency trading, the need for reliable and comprehensive exchange reviews cannot be overstated. Today, we delve into an in-depth analysis of one platform: 3Commas.
TU experts have published the 3Commas review, aiming to objectively assess its functionalities, advantages, disadvantages, key features, trading conditions, and more. This review offers a detailed snapshot of what 3Commas has to offer and how it stacks up against the competition in the cryptocurrency market.
What is 3Commas?
According to Traders Union experts, 3Commas is a cryptocurrency exchange headquartered in Tallinn, Estonia, with a representative office in Canada. The platform was established in 2017 to offer an easy and convenient trading experience across different exchanges through a unified interface. Currently, 3Commas boasts over 220,000 registered users who can trade across 18 major exchanges, including Binance, Kraken, Bybit, Coinbase, and Bitfinex.
3Commas allows clients to trade independently or use a variety of bots to automate trading. Based on TradingView, its trading platforms facilitate transactions involving 45 major blockchains, including BTC, LTC, ETH, XRP, several thousand tokens, and stablecoins.
Advantages and disadvantages of 3Commas
As with any platform, 3Commas has its strengths and weaknesses. The Traders Union experts outline the following:
Advantages of trading with 3Commas:
- Single interface access to trading at major international exchanges.
- Availability of an extensive assortment of crypto assets for trading.
- Availability of a free tariff package and an opportunity to test the best plan without paying a subscription fee.
- An unrestricted exchange that employs various strategies and styles of trading, including the use of bots.
- No restrictions on scalping, setting take profit, stop loss, and trailing.
- The ability to use bots with ready-made settings or create personalized robots.
- Availability of a multi-level referral program with substantial rewards.
Disadvantages of 3Commas:
- Discounts on the tariff plan are not permanent, limiting the client’s ability to pay a fee on preferential terms.
- Subscription payment is required even if no trading is planned for the upcoming month.
- Chat operators do not always respond promptly to requests.
Trading conditions for 3Commas users
Traders Union experts say 3Commas offers several account types, including Paper Trading (a demo simulating trading at the Binance Spot exchange), Free, Starter, and PRO. The platform supports USD and cryptocurrencies as account currencies. It allows deposits and withdrawals through Paypal, credit/debit cards, and a variety of cryptocurrencies, including BTC, ETH, DASH, and DOGE.
With a minimum deposit starting from USD 1, the platform provides leverage ranging from 1:1 up to 1:100, depending on the chosen exchange. 3Commas supports trading in cryptocurrencies and futures. Its trading features encompass manual trading, trading using bots, DCA, Gordon, Grid, option, and others. The platform also runs various promotions, including promo codes and free subscriptions for a limited time.
3Commas commissions & fees
As per Traders Union experts, 3Commas does not charge a commission for trading; these fees are levied by the affiliated exchanges that the trader connects with, causing trading fees to vary. Clients pay 3Commas the cost of the tariff plan they choose. The Starter plan costs $22 per month, and the Pro plan costs $74 per month. The platform offers a discounted rate for those opting for an annual subscription, with the Starter plan costing $14.5 per month ($174 per year), and the Pro plan costing $49.50 per month ($594 per year).
In addition, Traders Union has also reviewed the CoinList Pro and published its detailed review on Traders Union’s official website.
Conclusion
In summary, 3Commas serves as an accessible and multi-functional trading platform, offering an impressive array of features for both novice and experienced traders. Although the platform has some areas that need improvement, its advantages provide a significant edge. Whether you’re interested in manual trading or looking to leverage the power of trading bots, 3Commas provides a comprehensive solution.
For a deeper understanding of 3Commas and other trading platforms, we encourage you to visit Traders Union’s official website. By doing so, you will be better equipped to make an informed decision in the evolving world of cryptocurrency trading.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
