Are you looking to get involved in the cryptocurrency space and don't have any prior trading experience? Then you might consider using automated trading. Automated trading is the use of a trading bot or robot to open and close different trade orders on auto-pilot.
If you are an expert crypto trader, the use of a trading bot can significantly boost your profit potentials compared to trading with your human intellect. The very least a trading bot can offer is to help you monitor the crypto market on a 24-hour basis and place trades where it sees opportunities to make the most profits.
While there are many crypto trading bots on the market, one trading bot that comes with beginner-friendly features to get you started is 3Commas. This trading bot has all the trappings that you can customize to suit your trading needs or preferences. It supports at least 23 crypto exchanges.
So how does 3Commas work? Is it right for you? Read on to find out.
What Is 3Commas.io?
3Commas is a leading cryptocurrency trading bot that allows crypto traders to automate their crypto portfolio investment regardless of trading experience. You can use 3Commas to make money with little risk.
Imagine what it would cost you to sit in front of your laptop and analyze the crypto market for opportunities, study market directions and price movement. But with 3Commas in your trading arsenal, you don't have to worry about all of that. All you need is to program it, connect it to different exchanges where you have trading accounts, and see it perform wonders.
The underlying technology used to power 3Commas supports stop loss, short sells, trailing orders, take profit orders, composite bots, and much more. The pricing of 3Commas is very decent compared to other bots on the market. The pricing ranges from $14.5 to $49.5, depending on the package.
Does 3Commas Work?
3Commas uses an underlying technology known as "Smart Trading" to help users set stop loss or take profit. The whole essence of this is to enable traders to maximize their profits.
For example, if you place multiple trade orders to buy ETH at $500 each, and then you set 3Commas to a take profit order at $550, at the end of trade, your profits per ETH is $50.
Why Should I Use 3Commas?
Some of the reasons why 3Commas is different from other crypto trading bots are:
1. Functionality: This trading bot has a user-friendly interface, with an interface equipped with a lot of detailed analytics. You can use 3Commas to customize your trading strategies.
2. Range of Tools: 3Commas comes with a wide range of Tools, including the performance analytics tool that you can use to back-test the crypto portfolio of other traders.
3. Exchange support: 3Commas supports more than 23 crypto exchanges, giving you the leverage to connect as much exchange as you wish.
How To Use 3Commas
Getting started with 3Commas is simple. Follow the instructions below:
• Create an account
• Choose the bot type
• Link an exchange to 3Commas
• Choose trading pair
• Set base trade size
• Set target profit
• Set trade start conditions
And the bot will get to work!
Want more information about 3Commas? Then visit https://3commas.io/