FAQ
The 3Commas software is a tool you can use to manage cryptocurrency trades across many different exchanges from one awesome interface. It empowers you to create bots to execute your trading strategy 24/7 every day of the year, while also offering enhanced SmartTrades to make your manual trading even more profitable!
3Commas executes trades on the exchanges that you link, and can only use those funds on the exchanges. 3Commas does NOT have access to withdraw or deposit funds from your accounts. You have 100% control of your assets.
The 3Commas software also supports portfolio tracking for Binance Smart Chain (BSC), Ethereum (ERC20) and Tron (TRC20) wallets.
To get started on 3Commas, you first need to connect your exchange trading account. This can be an existing account on your actual exchange or a virtual account called the “Demo Account”. To connect an exchange account you will need to generate API keys on that account to link it to 3Commas. Alternatively, if your preferred exchange offers the Fast Connect option, we recommend you select that because it's faster and offers superior account protection.
3Commas currently supports IP whitelisting for most major exchanges. This is a security measure that causes your exchange to immediately cancel any trade request initiated with your API key from an unapproved IP address. See the full list of supported exchanges here.
- Better Discipline. With automated trading, also known as algorithmic trading, you can rest easy knowing your bot will be completely disciplined and stick to the desired trading plan.
- Scalability. A human might be able to keep up with one single-pair bot while awake, but there's simply no way for a human to execute all the trades and actions that a multi-pair bot can do flawlessly. Add in additional multi-pair bots to pursue multiple strategies simultaneously, and it quickly becomes apparent why automated trading offers serious benefits.
- Better Execution. A bot always follows directions. It won't take a buy when it should be taking a sell and it also won't enter the wrong order size or misplace a Stop Loss or Take Profit.
- More Range. Bots can also take in more data than human traders. If your strategy applies to a variety of different currency pairs, it will monitor them all and won't miss a signal.
- More Energy. A bot doesn't get tired. While most users will pick a few hours daily that work best for them, the trading bots will be working 24 hours a day.
- Increased control. A user can decide when they have achieved their desired profit, or when they think price momentum will continue in their favor.
- Granular trade management. Whereas a bot can only execute decisions based on the scenarios that are pre-programmed, Smart Trading allows users to take into account more inputs, such as external factors, adding funds to winning trades and reducing risk accordingly.
- Reactivity to external events. Smart Trading can help in cases when the market is moving in an unpredictable or unreasonably erratic manner and help users pull off challenging trades.