3Commas is a comprehensive cryptocurrency trading platform that allows its users to make use of automated trading bots as well as follow and copy the actions of successful traders and to create and track top portfolios.

How to Profit from Using the Automated Bots?

After a bot is set up, users can begin to carry out long and short trades, for short trades, a price rise in the currency selected will result in the execution of the sale of the underlying cryptocurrency once the designated profit level is reached. In the event of a price reversal safety orders can be placed to ensure that the bot also makes purchases at a given percentage increase.

Similar to other trading bot platforms, your trading bots connect with your exchange accounts via API and then proceed to carry out automated trades on your linked exchanges. While this process takes place, users aren’t required to make any cash/crypto transfers to external accounts and simply need to provide their API keys which are generated by their exchanges.

How Suitable is 3Commas for beginners?

The platform is generally quite easy to navigate, even for new traders, and the trading bots are easy to set up. Various features are easy to access from inside your account, and connecting to an exchange, and setting up smart trades and bots can be done at the click of a button. The Dashboard is also well laid out, and the side panel allows users to quickly select their preferred tabs and features.

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