- 1 What’s 3commas?
- 2 3Commas Options
- 3 – Cease Loss
- 4 – Trailing Cease Loss
- 5 – Take Revenue
- 6 – Trailing Take Revenue
- 7 Signal Up Course of
- 8 1. Register for an account
- 9 2. Select the bot sort
- 10 3. Hook up with Alternate
- 11 4. Sensible Commerce
- 12 5. Automated Buying and selling Bot
- 13 3Commas Charges
- 14 – Starter
- 15 – Superior
- 16 – Professional
- 17 – Enterprise
- 18 Cost choices
- 19 Conclusion
3commas is a cryptocurrency buying and selling bot that helps merchants maximize their cryptocurrency buying and selling earnings. 3commas dubs itself a SmartTrading bot.
The platform was launched in 2014 and it’s based mostly in Miami. Since its launch, the platform managed to draw over 120,000 customers and to attain a each day buying and selling quantity of $10m. The buying and selling bot presently has strategic partnerships with roughly 12 exchanges together with Coinbase, Coinbase Pro, Binance, Bitfinex, and Huobi. These partnerships make it doable for 3Commas buying and selling bots to function on among the largest exchanges on the planet by way of API protocol.
3Commas has integrated on its platform quite a lot of instruments and distinctive options to enhance the effective and earnings of its merchants:
– Cease Loss
The stop-loss perform allows you to pre-program a loss share, and when that share is reached, your bot will mechanically promote you crypto. Cease losses may be very efficient and may prevent from shedding earnings.
– Trailing Cease Loss
The trailing cease loss characteristic is much like stop-loss however it has extra components. These components can embody any positive aspects you made earlier than the share is reached. The trailing cease loss characteristic mechanically readjusts the % cease out of your buy-in value to the highest- worth level within the day. This ensures that you simply obtain the positive aspects made all through the day.
– Take Revenue
The take revenue characteristic mechanically sells your crypto as soon as a pre-set share of positive aspects is reached. The system does have its benefits however it typically results in missed earnings.
– Trailing Take Revenue
The trailing take revenue characteristic additionally provides within the equation the value developments of the day through the sale of your crypto. In case your bot is about to take revenue at a sure %, this characteristic will take your revenue share on the highest level of the pattern.
Signal Up Course of
1. Register for an account
The sign-up course of is comparatively easy. After getting into the web site, you’ll have to present your e mail and password to register for an account. You’ll then be requested to verify your account by clicking the hyperlink in your e mail. When you click on the hyperlink you’re taken to your account’s dashboard.
2. Select the bot sort
You’ll have to select from 4 forms of buying and selling bots, brief, easy, composite, and composite brief bots. A easy buying and selling bot solely makes use of one buying and selling pair and is the simplest to arrange.
3. Hook up with Alternate
On this step, you’ll have to combine the 3Commas platform into your exchanges. You may be required to click on on the join button and fill within the related data, akin to your API, for the change of your choice.
4. Sensible Commerce
Subsequent, you’ll have to create your cease loss and take revenue capabilities. The platform manages your crypto portfolio in real-time throughout a number of exchanges. The good commerce characteristic makes issues simpler by locking in your earnings and conserving your losses at a minimal.
5. Automated Buying and selling Bot
You probably have accounts on both Binance or Huobi, you’ll be able to earn further revenue with the automated buying and selling bot characteristic. You’ll have to specify the share of loss or positive aspects you need your bot to make use of. On this part, you’ll be able to truly arrange extra superior options, akin to trailing cease loss and trailing take revenue.
3Commas’ companies include 4 subscription plans so that you can select from. The plans vary from newbie to enterprise degree. The plans have the next costs and options:
The plan is priced at $29 per 30 days, and it options entry to the good buying and selling terminal, limitless change integrations, and error and cancelation notifications. It doesn’t embody bots.
At $49 a month, the Superior plan has all Starter pack options plus entry to easy bots, customized TradingView alerts (proprietary buying and selling interface), in addition to a portfolio administration interface.
The Professional subscription is a month-to-month $99 and it contains every thing within the Superior plan plus easy, composite, and Bitmex bots. The total portfolio administration software program can be included, in addition to entry to customized TradingView Indicators.
The Enterprise degree plan comes with all of the bots and customized options on request. There isn’t a value featured for this subscription as it’s customized made for every shopper, however it’s more than likely greater than $99.
You may pay on your subscription utilizing: Advcash, Crypto by way of CoinPayments, and Yandex.Checkout. Different accepted fee strategies are bank card, cash switch, and even cryptocurrencies.
Buying and selling bots are fairly current additions to the crypto market, however the variety of merchants utilizing them is rising by the day. Whether or not you prefer it or not, maintaining with the market now requires a little bit assist from bots, so keep forward of the sport with an revolutionary buying and selling bot akin to 3Commas.