I want to get something straight in this transaction and kindly provide explanation as well.
If you are not allowed to make withdrawal which necessitate the selling of the account, how would the new owner be able to access because it won't be different of seeing an address with 10btc without access to the address or maybe I am missing something here.
Again, if you won a campaign, they are bound to honour such agreement if you had meet the conditions and would not deny you your prize without a tangible reason as businesses that are not outrightly scam, value their reputation more than anything. So, leaving the prize aside, won't the new purchaser face any issue because by buying you automatically inherit both the good and bad entanglements that comes with the account.
I know its confusing. But I do kindly explain to people that ask about the account.
You cannot withdraw or trade/invest with the 3commas balance. The balance is used to pay for the fees associated with the service. So if you understand that to create smart sells and smart trades using the interface they charge 0.25% of the total you are trading with.
"A commission of 0.25% of the amount of your transaction is charged for each Smart Trade or Smart Sell created. The use of infographics and portfolios, automatic balancing, in particular, is completely free." - 3commas
Say I own a $1000 dollars worth of TRX and I want to set a stop loss and take profit for my TRX using their service it would cost me $2.50. This is what the balance is used for.
If you trade in high volumes of money then the $10,000 dollar balance would be beneficial. But considering I trade with only like 2k it would take me a long time to use $10,000 dollars worth of fees.
"FYI: At present, the service credits $10 to an account upon registration, which is sufficient for testing and completing transactions with a total volume of $4,000" - 3commas
I'm pulling the quotes from their FAQ page "How much does it cost to use the service?" found here :
https://3commas.zendesk.com/hc/en-us/articles/360000228593-How-much-does-using-the-service-cost-Don't get me wrong there are people using 3commas that are moving huge amounts of money and this account would be a perfect discount for them. The trouble is I don't know how to get my ad in front of those people! So I just posted on the big bitcoin forum and will let it float till it catches someones attention.
Again, if you won a campaign, they are bound to honour such agreement if you had meet the conditions and would not deny you your prize without a tangible reason as businesses that are not outrightly scam
Yes, I received and email from them saying I won the $10,000 and I was ecstatic. Jumping for joy. 8 hours later I get another email saying I will never be able to withdraw it and it is used only to pay for the service. I was very disappointed. I made the argument I didn't win any USD if I cant hold the USD in my hand. I realize now that they probably didn't actually give me any money. It was just key strokes in their program.
In the end... the catch is it would really cost you $10,000 dollars to achieve such a balance on your 3commas account so it still has value. Value to someone who will use the services with some real capitol.
Even though I didn't win actual USD I am still happy with my prize and grateful. You've got to be grateful and move on. So that's what I'm doing. Just waiting for someone to want a nice 3commas balance at a heck of a discount.
Good description?