3commas Review

3Commas.io – The Missing Link In Cryptotrading

in CRYPTO TOOLS/TRADING CRYPTOCURRENCIES

Do you know what I wonder about almost every day I trade cryptocurrencies on exchanges? I wonder how they can survive in a highly competitive niche without providing the even most essential tools a trader needs to act professionally in the markets. Why is there no stop-loss option, Bittrex? Where are some proper analytics for my portfolio, Binance? Even the shadiest FX broker knows about the need for such features, and they would not even start without. OK, crypto is still young, I get it. In the search for a tool to compensate those crucial features, I met 3commas.io – and with them, I found way more than just a simple stop-loss or trade analytics solution…

A One-Stop Solution To Add Contemporary Trading Features

3Commas – “what strange but remarkable name”, was my first thought when I came across a website, which should change the way I am trading later on. Frankly, when I read about the offered features on the homepage, my “this-is-too-good-to-be-true”-reflex kicked in, and I signed up skeptically. What I found was a neatly designed platform that helped me with my day trading needs.

What 3Commas.io can do for us – The Features

3commas.io‘s goal is to hand over a set of so-called “SmartTrading” – tools, and indeed they can do a lot for you. Whether if you day trade yourself or if you want to follow someone else’s portfolio. The web app serves you with a swiss army knife of crypto trading tools and gives you a merciless overview of your profitability.

Feature overview:


The Exchange Hub

3commas.io lets you hook in the most of the important high volume exchanges. You generate your API key and secret on the exchange you use and plug that into your 3commas account. If you want to stay safe, the most of the exchanges will let you define the permissions of the generated key so that you can disallow withdrawals for example. Bittrex, Binance, Kucoin, Polo, Bitfinex, Bitstamp – all these exchanges are embraced with open arms at 3commas – and you have all of them under one roof. No tab terror anymore, just one peaceful hub that carries all them for your convenience.

3commas Exchanges API Connection
3commas Exchanges API Connection

The Smart Trading Engine

The Smart Trade section enables us to have our order executed most in the most favorable and precise way. Let’s put it mildly, the order handling by the most exchanges is “gradable”. This is where the Smart Trade engine kicks in and irons out the multitude of sins by the exchanges.  Trailing Stop-Loss and Take Profit is finally available – and that to a pretty exact degree, as you can choose if you want to follow the bid, the ask or the last price – even you can define a custom price. This is the core piece of 3commas (though their roadmap shows even more flashy features for the future). Pretty nice feature: you have Tradingview integrated and a custom generated buy/sell wall visualization right beside.

3commas Smart Trading Engine
3commas Smart Trading Engine

Have a look here, how the staggered take profit works:

3Commas.io - The Missing Link In Cryptotrading 1

The Portfolio Analyzer

As you can connect your exchange account by API, 3commas can pull your data and to present you a neat overview of what your portfolio is doing. The tool shows you your total gains/loss in BTC and USD, the percentage values of your profit/loss,  a graph with your allocations, a line graph of the portfolio development, and several other stats.
But not only that, you can easily snoop in other peoples portfolios and their performances. If you like what you see you can apply their portfolio to your own account.

3commas Portfolio Analyzer
3commas Portfolio Analyzer

The Trading Journal

A convenient add-on is the trading journal, so you can take note of the trades, and track everything down. This is mandatory for the most professional traders. Once you see your trading as a business, you want to keep a book for what you are doing. The trading journal will tell you which trade you opened, when you bought, when you sold and shows you your profit/loss in crypto, USD and percentage value.

3commas Trading Journal
3commas Trading Journal

The Copytrader (in development)

The Copytrader feature could make 3Commas.io the Etoro of Cryptos. The feature is still in development, but you can already see what other traders have in their journal and send a copy request to have it on file. Traders can additionally profit from this option by letting other piggyback their trades. While Etoro has some cryptos available, you never own any coins there. Means if you purchase 50k of ripple, you are trading them on a holodeck, but you won’t be able to withdraw them to a wallet. 3Commas.io will be an authentic Crypto Copytrader, which works for real exchanges.

3commas Trading Journal
3commas CopyTrader

The Notifications

Do you remember that awful bug in Bittrex, when you permanently had some notifications poppin’ up for trades you did days ago? Not so, with 3commas.io – here you can get notifications on your mobile, in your browser, via email. Heck, you can even customize the kind of notifications you get, so you can surely say that you will be notified if something happens.

3commas Notification Settings
3commas Notification Settings

The Cornerstone Facts

Let’s summarize some hard facts about 3commas.io’s web app

Supported Exchanges

The following exchanges can be hooked into your 3commas account, so you have all your trading desks in one place:

  • Bittrex
  • Binance
  • Kucoin
  • Poloniex
  • Bitfinex
  • Bitstamp
  • additionally, you can hook in your Ethereum wallet

The Fees

The fees are cheap and simple to get: They charge a commission of 0.25% per transaction (each SmartTrade/SmartSell) – the rest of the excellent platform is free to use for now. Means, even you signup now you get all the graphs and analytics features as a freebie. Once signed up, you will get a free ride for $10 to test the SmartTrading engine, this covers a trading volume of $4000, so you can easily play around a bit and get your feet wet. Necessary to know: 3commas will never charge anything directly on the exchanges (basically they can’t do this if you disallow that in the API options), but from your account only. Means you will deposit into your 3commas account, and only these funds are used for any executed trades. You can deposit in PayPal, but also all the major cryptos, too. The commission fees are only charged once a trade has been really executed. As long as the trade is pending, the needed amount is just frozen from the available funds.

The App

Since there are very few crypto apps for iOS 3commas makes a difference – they have a native iPhone app for their service so that you can control everything anytime. The Android app is yet under development.

3commas.io Tutorial

If there is still something not yet clear to you or we just lost you with that wall of text, have a look at the video, which explains the platform pretty well:

So is this 3commas.io really worth it?

We can put that in one word: Yes. 3commas.io overcomes the shortages of most of the available exchanges. While Crypto might be a part of our real future and the technical approach to go, the platforms available are not yet there. I often wonder how exchanges or other crypto projects can approach the users with crappy interfaces or stone age tech – I just don’t get that. However, 3commas took this to their advantage and created something beautiful and helpful. Staggered smart entries in an overbought asset – finally possible with SmartTrading. Multiple take profit points, easily calculated percentage-wise, finally available with SmartTrading.  What makes the project even better, is that they have a clear roadmap ahead and are constantly adding new features. They seem to be really eager to make this platform better day by day, so that what we see right now, is just a fraction of what we might get in the future.

Yep, we can’t hide it – we really like this project and so might you. Just signup and try it out – you have nothing to lose, but get $10 to try their services, as well as tons of good analysis tools for free.

1 Comment

  1. Perfect timing, just heard about them and signed up today, been looking for something like this for ages. Temp workaround for 2fa on IOS app – put the code after your email, with a space between them (update is waiting approval apparently). Also, remember KuCoin API is FULL permissions including withdrawal, best not to use it until KC fix it.

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