How To Choose the Best Binance Bots for EEA Traders

EEA Crypto Traders Can Leverage Binance Futures With 3Commas’ Automation Toolkit

Introduction

Recent regulatory updates for Binance users in the European Economic Area (EEA) have brought significant changes to Futures trading. Traders are now required to use Binance Futures Credits (BNFCR) instead of traditional assets like USDT. While these adjustments ensure compliance, they have also created challenges, as many trading automation providers struggle to adapt effectively.

For EEA traders, these hurdles often include limited support for BNFCR, complications with bot setup, and unreliable account integrations. Understanding these issues is essential for identifying solutions that enable traders to navigate this evolving landscape efficiently.

In this article, we’ll delve into the specific challenges EEA traders face with Binance accounts, compare how various trade automation services handle BNFCR, and highlight how companies like 3Commas address these challenges to support Futures trading in the region.

Challenges for EEA Traders: Insights From the Crypto Automation Landscape

Through discussions with colleagues, customers, and internal research, we’ve identified recurring issues for EEA traders adapting to Binance’s new BNFCR framework. Below, we outline these challenges as of December 9, 2024. Please note that the listed companies may be working on solutions to address these gaps.

Bitsgap

• No BNFCR support.
• Incorrectly displays zero USDT balance despite funds in BNFCR.
• Has not transitioned to the updated framework for EU users.

Altrady

• Limited pair selection using whitelist/blacklist management.
• Lacks BNFCR support, making bot launches unclear.
• Relies on external signals from providers like Crypto Base Scanner.

Cornix

• No BNFCR support.
• Bots fail to execute trades, citing unavailable funds despite existing balances.

Cryptohopper

• Unclear BNFCR balance reporting.
• Limited signal customization.
• Cumbersome bot creation process.

Wundertrading

• No bot support for Binance Futures or BNFCR balances.
• Functional for other activities, but lacks Futures capabilities.

Coinrule

• Requires a paid subscription for multiple exchange connections.
• Treats Spot and Futures accounts separately, requiring individual setups.

Mizar

• Unable to recognize BNFCR funds, hindering testing and account connections.
• Lacks Bybit Unified account support.

TradeSanta

• Limited to a single Futures pair (ETH-BTC) due to lack of BNFCR support.
• No Bybit functionality.

These issues highlight the significant gaps in support for EEA traders within Binance’s new framework. Solutions tailored to accommodate BNFCR are vital for overcoming these barriers.

How 3Commas Stands Out for EEA Traders

3Commas works closely with exchange partners and Binance’s technical team to quickly deploy solutions to ensure compatibility with the latest updates. Here’s how it differentiates itself:

Comprehensive BNFCR Support
3Commas fully supports Binance Futures Credits, eliminating user frustration and uncertainty by automatically detecting balances and simplifying account management without manual intervention.

Accurate and Transparent Tools

• 3Commas’ multi-pair DCA Bot has closed over 2.1 billion deals, making it the most battle-tested bot available for finding success in dynamic markets. 
• Grid Bot is the king of sideways alt-coin markets, facilitating consistent performance that is key to long-term portfolio building. 
• Signal Bot, the newest tool, can work short and long positions at the same time, and was built for deep compatibility with TradingView, allowing traders to effectively export their custom TV strategies and signals directly into the bot.   

Advanced Bot Customization
From basic DCA accumulation bots to complex leveraged strategies, 3Commas offers advanced, flexible settings to create mission-specific bots that can capitalize on Binance’s vast (1590+) trading pairs.

User-Friendly Design
A straightforward interface simplifies bot creation and performance monitoring and management, making for faster onboarding so serious traders can quickly adapt and execute their strategies effectively.

Tailored for EEA Traders
3Commas prioritizes its development to meet the needs of EEA Binance users by listening to their feedback and prioritizing speedy updates to our trade automation tools for Binance. By quickly providing up to date capabilities for bot trading on Binance and other popular exchanges, it empowers traders to maximize their market opportunities. 

Conclusion: 3Commas—Your Key to Futures Trading in the EEA

The transition to Binance Futures Credits (BNFCR) has reshaped the trading landscape for Binance’s EEA users, introducing new complexities. While many automation providers struggle to adapt, 3Commas offers a forward-thinking solution tailored to these challenges.

With full BNFCR integration, intuitive tools, and advanced bot capabilities, 3Commas simplifies the trading process, allowing users to focus on strategy rather than technical roadblocks.

Ready for a full-powered trading experience on Binance? Explore 3Commas and find the plan that suits your needs today.

See which plan is right for you.