👋 Want to work with us? CryptoSlate is hiring for a handful of positions!The expansion of the cryptocurrency market right into a $2 trillion trade has made crypto buying and selling extra interesting. However crypto buying and selling stays fairly complicated with numerous hypothesis. As many make billions from buying and selling, extra individuals proceed to lose billions.
Nevertheless, the truth that the market is essentially pushed by hypothesis doesn’t imply it’s unpredictable. It simply signifies that there are many elements that hamper merchants from making worthwhile trades. One of many options to this has been buying and selling software program aiding customers with commerce; 3Commas is an instance of such software program.
What’s 3Commas
3Commas is a crypto buying and selling software program that simplifies the complicated enterprise of crypto buying and selling for customers. It has been in existence since 2017, lengthy earlier than the concept of utilizing bots to commerce turned mainstream. The platform lets customers automate the time-consuming processes essential to handle their portfolios. With an array of instruments and options, it permits customers to develop customized buying and selling methods.
The Differentials
A number of issues differentiate 3Commas from most crypto buying and selling platforms at present out there. These aren’t restricted to their options and array of instruments however cowl much less technical attributes. They embody:
1. Value Factors
Many cryptocurrency buying and selling software program guarantees comfort and ease in buying and selling, however many aren’t designed for the typical retail dealer. The place that is most evident is of their affordability. 3Commas provides a number of subscription plans catering to totally different buyers. The essential free plan is a trial plan that runs for 3 days. After that, customers can get on fee-based plans, together with Starter, Superior, and Professional. None of those plans value as much as $50 month-to-month or $600 yearly. Though they differ in accessible options, all of the plans supply worth that exceeds the charge. The options embody GRID Bot, Choices Bot, DCA Bots, Scalper Terminal, Paper Buying and selling, and so forth.
2. Mixed Buying and selling
3Commas permits customers to mix guide and automatic buying and selling. Bot buying and selling works based mostly on preprogrammed directions. It has zero margins for errors and ensures higher executions and effectivity based mostly on accessible knowledge. However the crypto market is extra than simply numbers, and it’s very risky. This implies a seemingly efficient technique can now turn out to be ineffective within the subsequent ten minutes. One of many criticisms of bot buying and selling is that the majority are unprofitable. By additionally permitting guide trades, the platform customers have full management of their buying and selling and may take on-the-spot buying and selling choices. Thus, it’s a mix of flexibility and effectivity. Surprising conditions occur each time in crypto. Guide buying and selling lets customers take cost throughout these conditions.
3. SmartTrade
This function serves each new and skilled customers. It’s an introduction to the world of intuitive buying and selling for brand new merchants. However even skilled merchants typically want automation to execute sure buying and selling methods. When executing trades with zero margins of error throughout a number of exchanges, SmartTrade permits the automation and execution of trades from one interface.
4. Copy Buying and selling
Customers don’t have to plot each buying and selling technique themselves whereas utilizing 3Commas. The market can typically be overwhelming with an excessive amount of info to course of. This will make it troublesome for a brand new dealer to make the best resolution. At instances like this, it’s doable to repeat the buying and selling methods of consultants and professionals on the 3Commas market. These buying and selling alerts instruct the bot on how one can execute a commerce. Nevertheless, not all of the alerts accessible on {the marketplace} are free. A number of the consultants cost charges for his or her alerts.
5. Common Interface
3Commas has loads of options and instruments whereas supporting 18 main exchanges. Anybody who’s but to make use of it may think that this may make it a bit complicated to function. However the buying and selling terminal makes it very straightforward. The terminal is the bottom of operations the place merchants can handle their portfolios on each trade, get related and present info, execute trades, and so forth.
6. Informative and Academic Content material
The platform additionally permits them to study buying and selling and enhance. Customers can get academic content material and steerage from Academy, Weblog, Information Base, and 3Commas Market. All these choices besides {the marketplace} are free, so customers can be taught rather a lot about buying and selling and enhance their methods inside just a few months.
Bottomline
3Commas serves as a bridge between the person and the exchanges, permitting them to commerce throughout a number of exchanges. With help for exchanges equivalent to Binance, FTX, Crypto.com, Kraken, Coinbase, and a number of other others, customers can maximize their trades on all the most important exchanges at a token. Join here.
