What is 3commas and how does it work?

3Commas is an online non-custodial cryptocurrency trading platform with both manual and automatic order execution features. It is a notable market participant owing to its popularity and reputation. The service was launched in 2017 by Yuriy Sorokin, Egor Razumovsky, and Mikhail Goryunov.

Is 3commas a good platform for automated trading?

"3Commas is one of the best services for automated trading on cryptocurrency exchanges." "Great platform with clear presentation of your crypto's and DCA bots performance!" Create portfolios with any coin alocation and rebalance your account with a click. Add multiple accounts to track your portfolio and check your daily PnL. Trade without money.

Is 3commas safe?

3Commas is one of the safest cryptocurrency trading platforms in the market. It takes the necessary steps to protect its users, including encrypting API keys through which customers connect to their exchange accounts. Additionally, it employs the services of security provider Cloudflare to ensure the safety of its systems.

Are 3commas bots a good trading strategy?

For every market condition, there’s a trading strategy that can profit from it. 3Commas bots happen to be really good at reducing average acquisition costs, directly increasing your profit margins from each trade. Use DCA Short bots to borrow and sell tokens at the current price and buy them back at a lower price