00:08hey guys welcome back today we're checking out three commas one of the
00:14most popular platforms for automated crypto trading we'll go over what it
00:18does its best features pricing and of course a few downsides you should know
00:23before signing up in short it's a cloud-based trading platform that helps
00:33you trade smarter using automation tools and AI powered bots it connects to
00:39big exchanges like binance by bit coinbase q coin and many more you can
00:46manage your portfolio track performance use smart trades or even let bots trade
00:52automatically for you all in one dashboard
00:59let's quickly go over the main features these are the heart of three commas
01:04you've got three main types DCA bots for averaging entry prices grid bots for
01:11sideways markets and signal bots that follow trading signals from external
01:15sources crypto signals let you follow experienced traders automatically once
01:20your exchange is connected bots can copy their trades in real time no setup no
01:25stress it's the easiest way to start trading while you learn how the pros do
01:30it prefer manual trading the smart trade terminal is where the magic happens you
01:36can set take profit and stop loss at the same time add trailing stops or split your
01:41exits into multiple targets something most exchanges don't allow and yes there's a
01:47mobile app for iOS and Android you can check balances monitor active trades or
01:53pause bots anytime anywhere now let's talk about the biggest advantage smart trades
02:04normally when you trade on binance or by bit you can't set both take profit and stop
02:09loss at once it's one or the other three commas fixes that you can automate both so
02:15even if you're asleep at 3 a.m. the system still closes trades for you profit or loss
02:20that's a game changer for anyone who doesn't want to babysit charts all night and for a
02:25small monthly fee it can easily save you hundreds or even thousands over time okay no tool is
02:36perfect so here are some downsides to keep in mind one can be overwhelming at first there are a lot
02:43of
02:44buttons charts and bot settings it takes a while to learn what each does especially if you're new
02:49to trading bots 2 free plan is limited you can only paper trade and run a few bots it's great
02:56for
02:56testing but not enough for real trading 3 it's pricier than some competitors platforms like crypto
03:03hopper or pionex are cheaper 3 commas charges more especially if you need advanced features or multiple
03:10bots 4 free trial requires payment info some people don't like entering credit card details just
03:17try it it's not shady but still annoying 5 history of security issues back in 2022 there were reports
03:26of api key leaks the company says it's fixed but it's always smart to use trade-only api keys and
03:33two-factor authentication now let's talk about pricing free plan for paper trading only you get limited
03:45smart trades and a few bots pro plan $40 per month if billed yearly or $50 monthly you get 50
03:53bots and
03:54smart trades expert plan $160 per month yearly or $200 monthly it's for heavy users with thousands of
04:03bots and active trades compared to competitors three commas is a bit more expensive but also more feature
04:10packed and if you're just starting out they give you a 14-day pro trial so you can test everything
04:15before paying a few quick tips before you start use demo mode first don't risk real money right away
04:27start with simple DCA bots before trying complex setups don't copy bots blindly test them first set up
04:36alerts so you know when bots act weird and always enable two factor authentication and trade-only API keys for
04:43safety so so that's three commas in a nutshell once you get the hang of it it can save you
04:49a ton of
04:49time and stress what do you guys think would you trust a bot to trade for you drop a comment
04:55below
04:55smash that like button if you found this helpful and I'll see you in the next video
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