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Created to automate cryptocurrency trading
3Commas is a new breakthrough automated cryptocurrency trading platform
Read 100% Free 3Commas Review by Scamorno Team
FULL REVIEW OF 3Commas
3Commas is a cryptocurrency trading robot that helps improve the trade quality by giving the trader the right control and features they need to maximize their cryptocurrency trading profits. 3Commas refers to this as SmartTrading.
Let’s find out a bit about their SmartTrading approach:
In the SmartTrading approach that is implemented through the 3Commas tool, you get some exclusive features.
- You can trade on all exchanges from one single interface i.e. from 3commas’ window . Currently they support Bittrex, Bitfinex, KuCoin, Binance and Poloniex.
- Stop-loss and take-profit setting. Traditional exchanges cannot do this without 3Commas
- Trailing mechanisms can help members to trace all the market changes and limit the loss
- Notes for the trade orders
- Handy notifications regarding your orders’ condition
- Trader’s journal (automatic summary of your trading statistics from all exchanges in one convenient report)
Is The 3Commas Software Suitable For You?
This application/service can be access through any web-browser or mobile hence, you need not worry about multiple device accessibilities. (See iOS app here, Android under development)
When you register on 3Commas with your email , and login for the first time, you will see this as your dashboard. Here, you can keep track of your balance, prices and other quick access feature such as ‘Connect to exchanges’.
3Commas currently supports 5 exchanges (Bittrex, Bitfinex, Binance, KuCoin and Poloniex )and you can connect all these exchanges to 3Commas and control them from a single window.
Note: When creating API for any trading exchange, make sure not to enable the withdraw feature. It is very important to make this a thumb-rule when ever you are using a Crypto bot.
Is 3Commas Risky To Use?
Contemporary stop-losses or take-profit conditions are managed and executed in real-time based on the goals you set. Here is an example: Lets say you are looking to buy a coin and your entering price is $X. With 3Commas, your order will actually be made on your chosen exchange when the 3Commas bots detect that your buying condition is met. Unlike traditional exchanges/bots, it does not create fake buy/sell walls.
Similarly, when stop-loss has to be activated, it will constantly be on the lookout for if the conditions set by you actually match at that time. In both these ways, your actual funds will not be waiting for the conditions to be met and will not be frozen in the exchange itself. In a nutshell, at the moment of creating the order from 3commas, the bots begin to look at the current price and compare them to your goals (SL/TP).
Review Verdict: 3Commas is a legitimate platform that works
Consumer Fraud Alert Regarding 3Commas
The success of 3Commas has given rise to many frauds who try to sell their own fake programs in its name. This is a big issue as many customers have lost their money in buying from such fake sites. It is advised that customers should be really careful when they are purchasing and should do some research before they buy from any website. To spot these, watch out and avoid sites that claim to write about 3Commas, yet the write-up is completely garbage as they are created by software and spammed all over the internet. It is always better to avoid buying from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only buy from the site from the official website here – http://3CommasOfficial.com/ (link opens in a new window). The official website that they have includes the legitimate product.
Conclusion about 3Commas
We really like the idea of Crypto trading bots as they assist its users in making a better decision and some time makes it easier to do trading. However, in no condition ever imagine that a robot will automatically make money for you. Spend time learning about the features and these software will make your trading fun and easy. Now, go ahead and start earning some money!