Crypto Trading Platform Implements Automated Bots for Major Crypto Exchanges

Having emerged in September 2017, 3Commas, an international crypto trading startup, has introduced a series of automatic trading bots for Binance.

The company also has revealed its plans to launch the bots for all other major supported exchanges, like BitFinex, Bittrex, Bitstamp, KuCoin, Poloniex, HitBTC, Cex, Huobi and YOBIT in due course.

The company says the bot is designed to help traders create passive income, while providing safety mechanisms to prevent losses, in case the market goes down.

According to 3Commas' website, there are currently over 30,000 active traders on the platform with a total daily volume of transactions worth $10 mln.

3Commas' platform presents its autotrade bot as a tool to minimize risk and receive secure passive gains.

Once connected to the exchange via an API, the bots can be launched on one or up to 99 trading pairs concurrently using the default settings or can be individually customized to suit each trader's appetite for risk, trading skills and available crypto funds.

According to a recent review posted at Bitcoinist.com, 3Commas supports two types of trading bots - simple and complex.

A simple trading bot only involves one trading pair while a complex trading bot involves multiple trading pairs.

The minimum requirement to start work with the 3Commas bot is to have a Binance account connected to 3commas via an API, says the 3Comma's blog at Zendesk.com.

"We strongly recommend you to use the minimum possible volumes and percent of profits in first trades to understand how the bot works and how different settings impact on its workflow", warns the company's blog.