3commas.io scam? Reviews, trading guide: complete overview
Discount on the service
The HOLDER.IO project has started collaborating with 3commas, resulting in special conditions for our subscribers.
People coming from us receive:
- $14 immediately to test the system
- 10% discount on the first payment for the service
To receive the discount, you can register using our affiliate link: 3commas.io. Or enter the promo code CRYPTOSLIVA on the payment or registration page
First, let's discuss the general principles of operation, and later we will try to debunk all rumors that 3commas.io is a scam.
The tool 3commas.io helps avoid 8 out of 10 most common trader mistakes
3commas.io - What is it?
3commas.io is a service providing functionality for automated trading on connected exchanges. Recently, the service has started offering trading bots for cryptocurrency exchanges. Connection to exchanges occurs via an application programming interface (API). When connecting, the user sets the permissions and limitations for the service themselves.
3commas Features
The project would not be so useful if it only allowed opening and closing orders on the exchange through its interface. Let's go through the main features and useful tools of the project in more detail.
SmartTrade (Take Profit and Stop Loss)
Translated from English - "smart trade", the most commonly used tool of the project that allows opening familiar trades (buying/selling) in such a way that their closure is most profitable.
Let me give you an example: Task: need to buy Ethereum at $400 per unit, and sell at $420, we simply set a take profit at $420 and a stop loss at $380 in case the price drops below $400.
However, our actions do not end here; the following tools come to help:
Trailing Take Profit - Some condition: if upon reaching the take profit the price does not stop and continues to rise, Trailing Take Profit (TTP) comes to the rescue, which automatically raises our Take Profit line following the price with the delay we set.
Below you can see the action of trailing take profit after reaching TTP
More about how Trailing Take Profit works
Trailing Stop Loss - Similar to the above-mentioned tool, but after setting the stop loss when the price rises, the stop loss line starts to automatically rise with the same delay that was set during the purchase.
More about how Trailing Stop Loss works
SmartSell - Selling Purchased Coins
This tool is no less smart than the previous one, helping in situations where the coin was purchased outside of the 3commas service. For example, bought on an exchange, but want to close the deal on 3commas. The functionality and management are the same. The only difference is that you manually set the purchase price for further calculation of your order by the service.
StepSell - Ladder for Trading Cryptocurrencies
The ladder in cryptocurrency trading helps distribute your budget into several parts when selling. For example, 50% at $67, 25% at $83, 25% at $90. This way, we extract the maximum benefit from the upcoming deal while reducing the risks of losing the entire budget on the first target.
How much does 3commas.io cost?
Of all the functionality provided by the 3commas.io project, only SmartTrade and SmartSell are paid. Opening and closing trades will cost 0.25% of each executed order. BUT. Upon registration on the project, you receive $10, which is enough for trading a total of $4000.
There is one more pleasant news, the CRYPTOSLIVA project has started collaborating with 3commas
As a result, all our readers can receive $14 as a starting amount instead of $10
To receive them, you need to register using our link https://3commas.io/?c=cryptosliva
3commas.io Exchanges. How to Connect and Which Are Supported
The connection process is built, as we mentioned earlier, on secure API connections. You take the API data from the exchange and insert it into the 3commas project. You can read more detailed installation processes by following the links below
- How to connect an exchange (general instructions) READ ORIGINAL
- How to connect KuCoin exchange
- How to connect Bittrex exchange
- How to connect Bitfinex exchange
- How to connect Poloniex exchange
- How to connect Binance exchange
Currently, we can observe all popular crypto exchanges such as Binance, Poloniex, Bitfinex, Bittrex, KuCoin.
Reviews of 3commas.io
The project is new, and despite having already won the hearts of many, there are very few reviews about it. But those that exist are exclusively positive. I can personally recommend the service as incredibly convenient for remote trading. In general, here are the reviews:
Registration on 3commas
Overall, registration on the project is no different from other similar sites. We recommend enabling two-factor authentication to protect yourself from intruders.
You can register and receive $14 instead of $10 as a starting amount by clicking on the link - LINK