3Commas Trading Bots Review 2022
3commas is an automated crypto-trading platform where bots trade for you.
It is currently the easiest and most profitable platform for beginners and experienced traders alike
For beginners - you can copy the bot of famous trader and start earning in just 10 minutes.
For professionals - huge choice of strategies and bot settings.
The platform is fully secure as all trading is done on your exchange account
Ease of Use
Want to find out quickly how to run bots and how much you can earn? Here are the shortcuts so you don't have to read the whole article!
What Is 3commas cryptobot?
Founded in 2018, 3Commas is a service that automates trading. The bot offers both preset and customized strategies and allows users to copy other traders' strategies.
The software analyzes the market and trading signals, allowing clients to delegate the function of monitoring and placing orders.
Advantages and disadvantages
That way, traders can focus on more important matters and do something more interesting without stopping their cryptocurrency trading or incurring unnecessary losses.
The 3Commas program uses a combination of different signals, indicators and triggers to make trades according to their strategies. If the user does not want to apply individual strategies, he can use strategies from among the pre-installed ones. The social trading mechanism allows the platform to follow the strategies of other traders and apply them to the client's portfolio.
In addition to automated bots, the platform offers manual trading with its own Smart Trade mechanism, which allows for advanced features not available on some exchanges.
It also helps you manage your portfolio and track your crypto assets. Some exchanges use this feature to rebalance their digital currencies to ensure a preferred percentage of each cryptocurrency in their portfolio. 3Commas also allows you to use TradingView signals.
Although 3Commas has only been around for a couple of years, it has already managed to gain a certain level of popularity in the cryptocurrency sector. Today, any review or discussion of the most popular cryptocurrency trading bots does not go without mentioning 3Commas.
The platform is a serious competitor in the field of automated trading, and all thanks to its ease of use, the features of applying various strategies and indicators of a certain level of profit.
3Commas has a huge community that regularly uses its services, which not only increases the popularity of the platform, but also supports the aspect of social trading, allowing experienced traders to share and exchange their strategies with the whole world. Beginner traders, on the other hand, have a great opportunity to use these tips and strategies to make their own profits.
The 3Commas team are recognised market experts and frequent guests at international conferences on blockchain and cryptocurrency. An interesting fact is that they trade their own funds on their platform.
All of the top executives are public and you can subscribe to their Twitter and other social media accounts
Yuriy Sorokin - CEO (17K Followers) - https://twitter.com/ys_3commas
Mike Goryunov - CMO (1083 Followers) - https://twitter.com/mikegoryunov
Egor Razumovsky - CTO (1385 Followers) - https://twitter.com/egor_3commas
Katie Campisano - Head of PR (1278 Followers) - https://twitter.com/katiecamp5
What Exchanges does 3Commas support?
The following cryptocurrency exchanges are currently supported by 3Commas:
This means that 3Commas bots will be able to trade for you on these exchanges.
It is important to note that not all exchanges support the full list of bots functions, so check the capabilities of an exchange before registering on it.
Also add that the robot 3Commas offers special conditions for registration on some exchanges.
For example, if you use 3Commas with Huobi Global, you will be able to use trading bots for free.
3Commas offers three different pricing plans to its customers. For new users, the platform will offer a three-day trial period.
In addition to the charged plans, 3Commas offers a free package available to users with a total digital currency deposit of less than 750 GBP. The offer is also valid for those who use the 3Commas robot in conjunction with Huobi Global.
Each of the rates includes access to the platform's mobile app to manage notifications and portfolio.
This is a free 3Commas plan. It comes with all available features on the platform except paper trading. Please note that only one smart DCA bot is available in the free plan. For the most risk-free trading, our team recommends running 3 or more different bots. This is possible on a Advanced or higher plans.
This plan does not include bots, so it is not suitable for automated trading.
But the package does include the Smart terminal, which allows you to provide the tools to make trades manually. It also provides the option of manual paper trading.
You can also use the portfolio management feature:
One of three paid tariffs, including robots.
The tariff operates with a limited support function for automatic trading. For example, a composite bot that uses several strategies simultaneously is not suitable for this plan. But it does support trading through the Smart Trade mechanism in manual mode.
The Paper Trade feature provides full access for manual actions. However, automatic paper trading in demo mode is limited to using simple robots.
Another plan that provides access to automatic trading. In fact, this is the most popular plan of all.
In addition to the key to fully automated plans, there appears the ability to trade on a simulator with all the available features.
Payment can be made online via PayPal, credit or debit cards, advcash and cryptocurrency.
How the 3Commas bot works
The 3Commas platform offers a number of useful services for the needs of different traders. To make it easy for you, we describe the main products below.
APIs for connecting to exchanges
Before deciding which trading strategies you will use, you first need to connect your external exchange accounts to the 3Commas platform.
You need to give 3Commas access to your trading account so that the automated strategy you choose can place trades offline.
This is very convenient, even if you do not want to use an automated bot, it will allow you to automatically place buy and sell orders for cryptocurrencies on all exchanges connected to 3Commas
For example, let's say you have funds on three exchanges supported by 3Commas to reduce risk
If you want to place a trade in BTC/ETH when the price reaches a certain level, you usually have to log in to all the exchanges separately and then place orders on each of them in turn.
Instead, you can set up a single order through the 3Commas portal, which will then be triggered when certain conditions are met.
In the vast majority of cases, you will need to go to the settings page of the chosen exchanger and get an API key.
Once you have the necessary credentials, you need to go to "My Exchanges" section of your 3Commas account, and then click "Connect to a new account".
Finally, insert the API key you obtained at the exchange you have chosen.
By following the steps above, you will successfully give the 3Commas platform permission to make trades on your behalf.
Connecting an exchange to 3Commas for the first time can be a little tricky, so below is an example of how to connect Binance,
Step-by-step Binance API connection Guide
You will be able to connect the API as soon as you register on the platform.
Registering on 3Commas is no more complicated than on any online service:
Step 1: Click on the Sign Up button
Step 2: Register using your Apple or Facebook account or enter your email and password.
Important: Make sure you have a strong password so no one can guess it.
Step 3: Register with Binance (1) or FTX (2) - or if you already have an account, go to API connection (3)
Click on images to enlarge
API Connection process
Step 1: Click on link number 3 on the image
Step 2: Select Binance from the list
Step 3: Login to your Binance account and click on your profile icon in the top right corner and select API Management
Step 4: Enter your API connection label (any label), we have chosen "3Commas" - it does not affect anything
Step 5: Enter the code from your email, the SMS you received on your phone, and the code from the Google Authenticator
Step 6: Finished! You have your API key and your secret key
Step 7: Go back to the 3Commas interface and enter these details, then click on "Connect Account to 3Commas". Yay! You are ready to launch your bots
Now you need to choose your bot type and start trading, let's talk about this next
So, after you have connected the right exchanges to 3Commas, you need to decide which trading strategy you are going to use.
Before we move on to automated bots, we need to discuss the SmartTrade feature.
As we mentioned in the previous section, 3Commas allows you to execute trades on multiple exchange platforms through a single hub. This hub is called SmartTrade.
Crypto trading and technical analysis are complex and take many months to learn. You will also need diligence, mathematics and a bit of luck.
But you can start earning without going deep into technical analysis, as 3Commas offers ready-made bots, which you can choose and run
The platform has a total of 2 types of bots and a whole marketplace of signals.
The Gordon bot is a regular "DCA" bot that is already somewhat set up for users to help them get started quickly. It's ideal for the user who has not used bots before and wants to get started trading quickly and with ease.
Note: To use Gordon-bots on 3commas, you'll need a Pro subscription, as this feature requires access to "composite" bots.
What strategy does Gordon-bot use?
Bots need a 'strategy' or rules for trading.
Gordon-bots use a special trading strategy, which is pretty well known in the crypto community as "QFL". QFL strategy is designed for long positions only (i.e. buy low and sell high).
How does QFL strategy work?
The QFL 'Quick Fingers Luc' strategy is named after its creator and is based on support levels, called 'bases'.
A base is an area of support from which the price has 'bounced' previously - the more often the cryptocurrency finds support at a certain price level (or the more time it has spent to that level), the 'stronger' the base is.
QFL is great for profiting from possible dead cat bounces - when the price falls sharply and reverses, but without much strength, and soon continues to decline.
Profitability of Gordon bots
Profit from such bots is about 13-17% a MONTH. Yes, it's not 100000%, but it's still a phenomenal return. Keep in mind that when the market drops/rises sharply, the returns can change.
How do I launch my Gordon bot?
Step 1: Choose any bot you like and click "Cpoy"
Step 2: Click Start.
Pay attention to how much funds the bot will need to successfully trade. If you have less money in your balance, the bot will not work efficiently
On the right side you can see bot profitability statistics.
We highly recommend such bots for beginners
Grid - bots
Grid bots are ideal for trading cryptocurrencies out of trend. For example, cryptocurrencies that do not move up or down following any clear direction. This kind of behaviour is also known as ranking, sideways movement or "Bart Simpson's Movement".
Creating and using Grid bots is very simple and ideal for beginners; both in terms of working with bots in general, and in terms of technical analysis and working with charts.
! Please note: to use Grid-bots on 3commas you will need a Pro subscription. Currently, Grid-bots support all types of exchanges Binance (except DEX), Bitmex, Bybit, FTX, and Coinbase.
What strategy does the Grid-bot use?
Bots need a "strategy" or rules for trading.
Grid bots use the Grid trading strategy, which originated in the forex markets. Essentially, the strategy creates a series of horizontal buy and sell levels, and the bot accumulates profit as the price moves, "bouncing" within the lined grid.
How does the Grid-bot strategy work?
The strategy is really very simple: you specify the upper and lower limits of the grid price and the number of grid levels. The Grid-bot will determine the range equal to the difference of the upper and lower price levels. By dividing the resulting figure by the number of specified levels, the bot obtains the size of the grid width.
As a result, the Grid-bot creates a chart starting from the bottom level by adding a new level using the width before reaching the top level of the grid.
Creating your own Grid bot is as simple as creating a Gordon bot, but we highly recommend starting with Gordon bots.
Here you can find signals and strategies for bots by famous and experienced traders.
It is very simple - look at the profitability of bots, which trade on the signals of a particular trader, and just copy the bot
The best choice
How much profit can 3Commas automated crypto bots make?
An average profit of around 15% per month is about 160% per year. Yes, it's not 1000%, but it's a VERY GOOD stable profit. If you are not a professional trader - crypto-bots are a great opportunity to create passive income.
Our team has already launched 6 different bots on 3Commas and we will publish the results of our tests soon 🙂
Customizing the trading bot
Here are the basic metrics that allow you to customize the 3Commas platform.
Another cool 3Commas feature is Smart Trading, let's take a closer look at it.
As we mentioned in the previous sections, 3Commas allows you to execute trades on multiple exchange platforms through a single hub. This hub is called SmartTrade.
In a nutshell, many of the features available through SmartTrade, in particular stop-loss and take-profit orders, will be available in the exchange platform, but some SmartTrade features you won't find on exchanges.
So you can take your cryptocurrency trading activities to the next level.
The set of features from the SmartTrade hub that you will use is ultimately determined by your experience and knowledge of how trading strategies work.
However, to give you an overview of some of the most commonly used features, we have decided to describe them in more detail below.
Trailing orders are an extremely useful tool that has long been popular in the traditional stock market.
Regardless of the underlying asset the bot is programmed to trade, trailing orders essentially allow you to automatically change the stop loss and take profit parameters. In addition, this is done with market conditions in mind.
For example, suppose you want to open a BTC/USDT trade on Binance.
Bitcoin is currently valued at $10,000 and you decide to program a trailing order to exit the trade if it loses 10% in value.
Like a regular stop loss, the SmartTrade protocol will close your trade if the bitcoin price drops 10%.
But what if the bitcoin price starts to rise? Usually you are limited to a fixed take profit order.
A trailing order will adjust both stop loss and take profit percentages.
Continuing with the same example, let's assume that bitcoin increased in value by 20% and so it is now worth $12,000 paired with USDT.
Although your stop loss was previously set at $9,000 (10% of $10,000), it will now move to the $10,800 level.
The reason for this is that a stop loss order with a 10% value will adjust as the Bitcoin price rises.
If you are using a cryptocurrency exchange that supports short selling, the SmartTrader platform allows you to set orders for short trades.
For example, if you are trading ETH/USD and think that a key support level around $230 is about to be broken, then you can instruct the 3Commas platform to sell your current savings and execute a short position order instead.
This is very beneficial if you want to react quickly to market conditions and thus maximize your upside potential.
In addition, short sell orders placed through 3Commas allow you to profit when the entire cryptocurrency trading arena is in a bearish phase.
While the Smart Sell feature available through the SmartTrade hub may seem a bit complicated at first glance, once you get the hang of it it becomes a very valuable tool.
In its most basic form, Smart Sell allows you to sell a particular coin or group of coins and then, after a period of time, buy them back.
For example, suppose you currently hold a large amount of XRP, but are concerned that the price of this cryptocurrency is about to begin a short-term decline.
However, you are confident in the long-term viability of XRP, so you want to return to the market when the price reaches a certain figure.
Instead of doing it all yourself in all accounts on cryptocurrency exchanges, you can have SmartTrade do it on your behalf.
If you want to go one more level higher, you can even try automatic dollar averaging.
You will buy a certain amount of coins each time their price reaches a new low.
For example, you could instruct the platform to buy £ 500 worth of bitcoins when the price reaches levels of £ 9000, £ 8000, £ 7000, and so on.
The platform is hosted on a secure server, making it more secure to use and eliminating the need to install any desktop applications.
However, 3Commas strongly discourages providing full access APIs with withdrawal permissions. The platform protects customers from having funds fall into the hands of fraudsters.
Note: for bots to be successful luanched on youe account, you only need to give 3Commas the rights to trade on your behalf, but not to withdraw money. This is available on every exchange API.
3Commas also provides two-factor authentication (2FA), which further protects traders' accounts and personal information.
3Commas is one of the few trading robots that openly declares its ability to generate profits. Although the software doesn't specify profit percentages for new users, the platform literally mentions in bold that users can "increase their profits."
At the same time, the platform's three-day trial, which doesn't require any payment information, also becomes a great way to test its services in real time.
Our own research shown that average monthly profit is about 15%
AI Trading Robots
Binance / FTX / Huobi / OKX / Bybit / KuCoin / Gate.io / BitMEX / Kraken / Bitfinex / Deribit / Binance US / Bitstamp / Gemini / Bittrex / Coinbase Pro (GDAX) / Poloniex / Crypto.com
BTC, ETH, LTC, DASH, BNB and others
User data protection
Yes (AES 256-bit)
The 3Commas bot is a great solution that can suit a wide range of day traders, even beginners and not professionals. We recommend to start with trial plan, then switch to top paid plans to maximize your profit with multiple running bots
The best choice
TOP 3 Alternatives to 3Commas
RevenueBOT is a trading robot based on the volatility of cryptocurrencies. This software is designed to automatically trade cryptocurrencies using an API interface
Automated service for buying and selling cryptocurrencies on popular cryptocurrency exchanges with a set of algorithmic and other options available to every trader
Zignaly is a bot for automated cryptocurrency trading. It receives data from external signal providers, allowing users to make automated trades
Latest page updates
8 November 2021 - Added 3Commas Team Section
9 November 2021 - Added Binance API connection Guide
9 November 2021 - Bots profitability research made and added to the page
9 November 2021 - Gordon Bots and Grid Bots explated - added to the article