• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
3 commas
Nexo Logo

3 Commas – Automated Trading Platform Lowers Fees and Improves Trading Profits

NewsBTC by NewsBTC
4 years ago
in Sponsored
Reading Time: 3 mins read
Advertisement

Following an initial coin offering (ICO), startups and traders anxiously await to see which cryptocurrency exchanges will include the new coin. But once the coins are listed, investors who want to trade in certain coins may find it difficult to efficiently navigate the over 100 cryptocurrency exchanges. Beyond finding the cross-cryptocurrency pairs they want to trade, traders are challenged to find the best pricing, liquidity, and risk management instruments. Arbitrage opportunities — buying low on one exchange and selling high on another — are abundant but difficult to execute. Despite the administration headaches, traders are signing up with more than one exchange to access the coins, spreads, and liquidity they seek.

A new cryptocurrency exchange on the blockchain is aiming to provide a streamlined trading experience across the many cryptocurrency exchanges. The 3 Commas trading platform links to 12 of the top cryptocurrency exchanges by volume. Traders are provided with their own API key to automatically sign up with its participating exchanges. The exchanges include Bittrex, BitFinex, Binance, 0 Bitstamp, KuCoin, Poloniex, HitBTC, Cex, GDAX, OKEX and Huobi, and more may be added. The high volume exchanges are more likely to provide good liquidity in listed cryptocurrencies.

The 3 Commas platform has made trading across these exchanges and cryptocurrencies seamless. During a trade order, drop down menus prompt the trader for their preferred exchanges and cryptocurrencies. The trader can choose between a simple bot — one currency pair — or a composite bot — multiple currency pairs. There are minimum trades for each coin, for example, .001 for Bitcoin and .01 for Ethereum.

The rise and fall of crypto trading bots

Traders can easily be misled in the current crypto trading bot market where claims of 50 percent returns are not unheard of. Offers abound for customized automated arbitrage bots from traders who made thousands of dollars trading Crypto Kitties. The lack of historical pricing data in many cryptocurrencies makes it more difficult to substantiate such claims and evaluate a trading bot in a live trading environment.

While many trading robots and technical indicators are being developed for the cryptocurrency markets, few have the long track record enjoyed by trading bots in the forex markets. As a recent entry to cryptocurrency trading, 3 Commas is quickly distinguishing itself. While not a bot per se but a platform for traders to develop bots, 3 Commas’ safety trade — a mechanism for smoothing out volatility to produce higher returns — is giving bot builders a head start. The average monthly profit of 3 Commas’ 30,000 plus active traders is 15 percent. Daily trading volume is $10.5 million.

Backed by a robust analytics suite, 3 Commas provides a transparent rating of the daily best performing bots and currency pairs. For copy traders, a copy button beside the currency pairs makes it easy to mimic a trade. The performance history of the bots by profit is also provided.

Following the signals  

With 15 percent returns, copying social traders on 3 Commas could more than pay for the monthly dues. The monthly pricing of 3 Commas’ platform and trading tools is in the mid-range, from $25 to $84 for individuals. This compares with, at one end of the price spectrum, the most popular crypto bot, Gekko, a free tool providing basic pricing indicators, take profit and stop loss orders, and historical data used in trade simulations. At the high end are bots such as Cryptotrader and Haasbot, which can run over $500 for a monthly plan. An important distinction is 3 Commas directly links to all 12 exchanges, enabling traders to monitor all exchange activity on one screen and utilize the same set of trading bots and analytics.

The system itself applies a set of proprietary technical indicators to provide a price signal to the trader. These tools are currently available on Binance and are expected to be rolled out to the other 12 exchanges. With over 100 bots already developed and plans to add more exchanges, 3 Commas could become the ‘Metatrader’ of cryptocurrency trading platforms.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

The Age of Gangs: Brand New P2E Game or Anti-crisis Project?

The Age of Gangs: Brand New P2E Game or Anti-crisis Project?

1 day ago
What Is Bitcoin CFD and How Can It Make You a Profit

What Is Bitcoin CFD and How Can It Make You a Profit

2 days ago
Accept Crypto Payments, Receive Cash. Dello Makes it Easy.

Accept Crypto Payments, Receive Cash. Dello Makes it Easy.

2 days ago
540% Profit on the Bear Market! How?

540% Profit on the Bear Market! How?

2 weeks ago
MyFunding.Network Takes Crypto Trading to a New Dimension

MyFunding.Network Takes Crypto Trading to a New Dimension

3 weeks ago
MyFundingNetwork: An AI Trading Bot dApp that could Transform Crypto Industry

MyFundingNetwork: An AI Trading Bot dApp that could Transform Crypto Industry

4 weeks ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

U Promise Me: The Digital Promise Platform

July 1, 2022

XT.com Lists Land of Fantasy (LOF) With USDT Trading Pair

July 1, 2022

LYOTRADE Launches Crypto Loans—Get USDT and Win Against Volatility

July 1, 2022

Torches Genesis NFT Launching, Win Torchlight NFT to Unlock IDO Allocation

June 30, 2022

Crypto News Flash: Best Meme Coins to Explore in Bear Market 2022 – Floki Inu (FLOKI), Akita Inu (AKITA) and RoboApe (RBA)

June 30, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.