🚀 New to margin trading or looking to sharpen your skills?

Our latest blog unpacks everything you need to know about margin trading, from the basics to the intricate mechanics. Perfect for #3Commas traders eager to learn and grow!

🔗 Discover how margin trading can transform your strategy here

#TradingEducation #InvestSmart 📈✨

🚀 Bitcoin's Price Surge: What's Driving the Rise?

Bitcoin (BTC) is on an upward trajectory again, and here’s why:

🔸 Ethereum ETF Speculation: Recent reports indicate that the U.S. Securities and Exchange Commission (SEC) has been inquiring about spot Ethereum ETF applications. This has fueled optimism among investors, reminiscent of the interactions leading up to the approval of 11 spot Bitcoin ETFs earlier this year.

🔸 Spot Bitcoin ETFs Impact: Since the SEC approved the first U.S. spot Bitcoin ETFs in January 2024, BTC’s price has soared from under $50,000 to over $70,000. Institutional investments, such as BlackRock’s iShares Bitcoin ETF (IBIT), which bought $778 million worth of BTC in a single day, have significantly reduced available supply and increased demand, driving prices higher.

🔸 Broader Market Sentiment: According to Mikkel Morch, founder of digital asset fund ARK36, the momentum in the crypto space is bolstered by substantial institutional investments and regulatory advancements in the U.S. and U.K. This growing recognition by Western financial authorities adds to the bullish sentiment.

📈 What to Watch: The first spot Ethereum ETF decision is expected soon, with VanEck’s decision on Thursday. Positive outcomes could further impact Bitcoin and the broader crypto market for the rest of 2024.

Stay tuned for more updates as we navigate this exciting market development! 🚀

#Bitcoin #BTC #Crypto #Ethereum #ETF #Investing #CryptoNews #MarketUpdate

🚀 Ready to learn from the best? Check out our latest blog post where a long-term investor shares his journey from traditional stock holding to automated crypto trading with bots! 📈💰

🔹 Learn how to create effective trading strategies
🔹 Manage risk and maximize opportunities with 3Commas bots
🔹 Understand the differences between stock and crypto markets
🔹 Get valuable tips for beginners to avoid common mistakes

Whether you're a seasoned trader or just starting out, this post has insights to help you secure a profitable passive income. Don't miss out! 💡

👉 Read the full blog post here

#Trading #Crypto #StockMarket #Investing #TradingBots #PassiveIncome #FinancialSuccess

🚀 Big News for Ethereum! 🚀

The U.S. SEC has approved eight spot Ether ETFs, marking a historic moment for Ethereum and its investors! 🎉

This is important because it further cements Ethereum, and the larger crypto market, as a sound institutional investment. Going forward, we can likely expect to see other crypto tokens approved as ETFs, but it will be on an individual basis. The wheels of progress turn slowly, but they are turning.

But why hasn't the price of Ether skyrocketed like Bitcoin did when ETFs were approved? Here are two main reasons:

1. Pre-Approval Anticipation: Traders watched how BTC soared after ETF approval, so everyone who wanted to buy in anticipation of the approval already has done so. Ether had already surged 29% over the past week due to speculation about the SEC's stance on ETF approvals. 📈

2. Pending Launch Clearance: Although the ETFs have been approved, they still require an approved S-1 filing, a comprehensive document outlining the firm’s financials and risk profile. This process could take weeks to months, keeping some investors cautious. 🕰️

Stay tuned as we navigate this exciting development! 🌐💰 #Ethereum #CryptoNews #Investing #ETFs #Crypto

Let’s trade some ETH: https://app.3commas.io/bots

Are you using custom Grid Bot strategies to pursue your trading goals? You should be.

Read our latest blog to uncover how Grid Bots can supercharge your strategy! From capturing upward trends in volatile markets to using leveraged trading, we break down everything you need to know about Rising, Stable, To the Moon, Reversal, and Falling strategies.

Don't miss out on this essential guide for 3Commas users! 📈💡

👉 Read now and optimize your trading plan!

#Trading #Crypto #3Commas #GridBots #CryptoTrading #InvestmentStrategies #FinancialFreedom

🔐 Reminder: Secure Your Accounts! 🔐

Never be complacent. Bad people are always looking for ways to access your accounts and make the world a worse place to be.

🔗 How does 3Commas connect to your exchange accounts? We use API keys with three security pillars:

1️⃣ Sign Center: Secure API key storage similar to Metamask or Ledger.
2️⃣ IP Whitelisting: Restrict API key usage to authorized 3Commas IPs.
3️⃣ Fast Connect: Quick authorization and API key generation for easy setup.

🔒 How does 3Commas secure user data?
We use Cloudflare's security tools:
- Web Application Firewall
- DDOS attack protection
- SSL/TLS encryption

🛡️ Keep your data safe:
- Enable 2FA on your exchange account.
- Use strong, unique passwords.
- Avoid storing or sharing API keys insecurely.
- Use Fast Connect if available.
- If you are unable to use Fast Connect, ensure the IP Whitelist is applied.

To confirm our Official URLs and Email Addresses, view our Security Checklist here!

Stay safe and secure with 3Commas! 💪✨

Tell us which features you want next!

Did you know that 3Commas has a feature request service to make it easy for users to submit suggestions about which new tools and upgrades they would like to see prioritized?

Any 3Commas user with an active account is welcome to upvote features and are also encouraged to post features or improvements they’d like to see considered for development. This way our community helps shape the future of the 3Commas service by bringing features to life that could increase your trading profitability and enjoyment.

Learn how to submit or view Feature Requests here

*Please note that not all feature requests will be accepted into the roadmap. Our development team is very good, but they can only work on so many things and must prioritize the highest value features first.

Amidst the unstable crypto regulations across different countries and the ever-evolving world of cryptocurrency, staying updated on regulatory changes is crucial. These updates are geared towards helping you to be aware and stay compliant in your trading journey.

Here are the latest developments you need to know:

🔹 Binance License in France
Following regulators' warnings, Binance France is under new ownership. CEO Changpeng Zhao is no longer the beneficiary to retain its French license, signaling major shifts in Binance's European operations.

🔹 Worldcoin Trading Ban Imminent?
Global regulators are raising privacy concerns about Worldcoin, leading to bans in India, Kenya, Germany, Brazil, South Korea, and Spain. These bans could significantly impact the crypto market.

🔹 Gate.HK Shuts Down
The Hong Kong-based exchange Gate.HK has ceased operations after failing to secure a license from the SFC. All crypto exchanges in the region must now comply with this mandate.

🔹 Thailand's New Visa for Digital Nomads
Exciting news for remote workers! Thailand has introduced a new visa class for digital nomads, extendable up to 360 days. This positions Thailand as a top destination for global freelancers.

🔹 OKX and Huobi Withdraw Hong Kong License Application
11 crypto companies, including OKX and Huobi, withdrew their VATP license applications in Hong Kong with 18 other applicants pending approval. Only OSL Digital Securities and Hash Blockchain Limited have licenses.

Stay tuned as we navigate the crypto ecosystem’s regulations, ensuring vigilance and compliance. Your journey through the crypto world is our top priority! 🌟

📖 Read more

🚀 Don't miss out on harnessing the power of social media signals for smarter trading!

We're excited to remind you about our informative article on leveraging social media for trading success. Social media platforms like X (formerly Twitter) are treasure troves of valuable information, and with the right tools, you can turn this digital chatter into actionable trading signals. 📈

In this article, we guide you step-by-step on how to set up a Signal bot that reacts to specific keywords, using automation tools like IFTTT and Zapier. 🤖 Imagine receiving real-time updates from your favorite crypto projects or influencers and making informed trading decisions instantly. It's like having a trading assistant that never sleeps! 🌙

Whether you're tracking market trends, following influencer shout-outs, or monitoring updates from key projects, we'll help you stay ahead of the game. This is your chance to optimize your trading strategy with the latest insights and technology. 🚀

Take advantage of this game-changing approach and let the digital buzz work for you. Click the link to revisit these valuable insights and transform your trading experience! 🌟

Would you also be interested in learning how to use Telegram for the same purpose? Let us know! 📨

🔗 https://help.3commas.io/en/articles/9113769-signal-bot-use-cases-signals-from-x-channel-ex-twitter

Did you know NFTs have serious business use cases?

When people think of NFTs, they usually think of digital art and a whole lot of gimmicks that skyrocketed in valuation before crashing into the dirt. What many didn’t consider is how important NFTs can be for authenticating documents.

Here are three ways NFTs solve real world challenges:

1.- Record of ownership of physical assets like cars and other high value items.
It’s much easier to sell and buy with confidence when you have an immutable ledger tracking the ownership history of something. You can buy a car or a nice watch without worrying that it was stolen and the paperwork was forged.

2.- Business records and legal documents
A common challenge is keeping track of changes and document versions. With NFTs, there is no question about this record. If you turn a legal contract into an NFT, for example, no one can claim they were operating under a different version of it.

3.- Education and professional certifications and credentials
There is a big problem around the world with people using fake credentials and certifications to get advantages in business and in job searches. If these credentials were issued as easily authenticated NFTs, the ability to “fake it till you make it” would dry up almost overnight.

What other use cases can you think of for NFTs that are better solutions than the current system?

Let us know in the comments.

People often ask us what advantages Signal Bot offers over DCA Bot, and what it boils down to is that Signal Bot can do a few things with a single bot that DCA requires multiple bots to accomplish. Keep reading to see the full details.

Signal Bot and DCA Bot: A Comparative Analysis

*Signal Bot: Your Real-Time Trading Ace
1.- Customizable signals from social media, TradingView indicators, and more;
2.- Effective integration with TradingView Strategy for automated trading;
3.- Handles both long and short trades in one setup;
4.- Can increase and decrease position by deviation % filter + signal;
5.- Can manage many different strategies with flexible tools.

*DCA Bot: Your Disciplined Investment Companion
1.- Customizable signals from social media, TradingView indicators, and more
2.- Integration with popular Deal Start and Close Conditions (RSI, Bollinger Bands, MACD, MA Cross and more);
3.- Separate bots are required for long and short trades;
4.- Can increase the position by using Safety orders through a certain price % deviation and volume scale;
5.- Can manage DCA strategy and more with flexible tools.

No matter your trading style, 3Commas has the perfect bot for you!

Head to our blog for a deeper dive & pick your champion!

🚀Congrats to Binance for BNB surge! 🚀

🌟 BNB Hits ATH! 🌟
Binance Coin (BNB) has reached an all-time high, surpassing $700! This milestone showcases the resilience and growth of the crypto market despite ongoing regulatory challenges. With a market cap now over $100 billion, BNB is a major player, competing with global giants. We’ve worked closely with Binance over the years, and we’re always happy to see our friends and partners succeed.

Are you trading BNB? If not, you can start a new bot! app.3commas.io/bots
🚀📊💎

Are you a CoinGecko user?

Well, their email vendor, GetResponse, experienced a breach at 06:30 UTC on June 5th, and your information may have been exposed. We don’t have specific details, but at a minimum, email addresses were exposed. How much personal information was potentially exposed really depends on if this was merely an email list sending platform, or if it is tied into their CRM system. 

If your information was exposed, we advise you to be extra vigilant about phishing emails in the near future because hackers don’t steal these email lists without the intention to use them. 

Make sure you’re doing as much as possible to protect your account and avoid common vulnerabilities. 
Review our security checklist for tips on keeping your personal accounts secure

Review our security checklist for tips on keeping your personal accounts secure

🚀 Robinhood has acquired Bitstamp in a significant $200M deal. This is a game-changer for the crypto world.

Why does this matter? 🤔 Bitstamp, although the 16th largest exchange by volume, is a powerhouse with numerous trading licenses in top-tier markets. This makes it a gem for Robinhood, signaling a serious step into the crypto space. 💼🌐

For our 3Commas users, you’re already ahead of the game with Smart Trade and Signal Bot ready to roll on Bitstamp. But wait, there’s more! If Robinhood ramps up Bitstamp’s market share, we might just add support for DCA and Grid Bots too! (No promises, but fingers crossed 🤞)

This is not just a win for Robinhood and Bitstamp, but for the entire crypto industry. 🌟 We can’t wait to see what the future holds and are excited to collaborate with the Robinhood team as they bring Bitstamp into their fold. 🤝

Stay tuned, the crypto landscape is evolving fast! 📈✨

Let's take a look at the recent regulatory updates: 📜

🚀 Binance Resumes Crypto Buys via Mastercard: Binance has reenabled the buying of crypto using Mastercard. 💳

🔄 CryptoUK New Travel Rule for Crypto Businesses: The new rule requires crypto businesses to share information on digital assets transaction details with other crypto companies. 🔐

💼 Paxos International to Launch a Regulated Interest-Paying Stablecoin: Paxos will issue a new regulated stablecoin called Lift Dollar (USDL). The interest-bearing stablecoin will be regulated by the Abu Dhabi Global Market (ADGM). 🌐

📖 Read the full blog here

💥 Arithmetic vs Geometric Grid Bots: Ultimate Showdown! 💥

🤖 Grid Bots are taking the crypto trading world by storm! These automated trading tools implement the coveted "buy low, sell high" strategy effortlessly.

But which one reigns supreme? 🏆 Arithmetic or Geometric Grid Bots?

1.- Arithmetic Bots:
- Fixed price steps for consistent intervals.
- The step is determined by the value of the price change in the quote currency.
- Order size is determined by volume value of base currency.

2.- Geometric Bots:
- The step is determined by a percentage value of the price.
- Order size is determined by volume value of quote currency.
- Trailing up capitalizes on uptrends.

So which bot fits your trading style? 🤔 The steady arithmetic rhythm 🎵 or the geometric growth trajectory? 📈

Choose wisely and let the grid bot battles begin! 💥🤖💰

🤖 Read more

DCA Bot Safety Orders - What You Need to Know About Step Scale and Volume Scale 📊📉

Safety orders are an important part of managing risks with your bot trades 🤖. Here’s a quick refresher on how step scale and volume scale settings work on your DCA bots:

📈 Safety Order Volume Scale

This setting multiplies the volume of each new safety order.

For example, you have a bot with a safety trade size set to 0.1 BTC with a scale of 2, meaning they double each time. If the scale is 3, they would triple.

1.- SO1 is 0.1 BTC.
2.- Multiply it by the scale. So SO2 would be 0.1 * 2 = 0.2 BTC.
3.- SO3 would be 0.2 * 2 = 0.4 BTC.
4.- Then SO4 is 0.4 * 2 = 0.8 BTC
5.- Etc.

With this tool set, traders with a very big appetite for risk can also run the Martingale strategy 🎲. This involves a trader doubling their trade size after each consecutive loss. The goal behind this strategy is to recover all previous losses with a single winning trade that is substantial enough to cover the accumulated losses. This is a very high-risk strategy, so traders should exercise appropriate caution before employing it ⚠️.

📉 Safety Order Step Scale

The scale will multiply each step by a percentage.

Example: You have a bot with a safety order price deviation of 1% and a scale of 2. Here’s how it would work:

1.- For SO1, the deviation is 1%, meaning we go down. 0 + -1% = -1%.
2.- For subsequent safety orders, we multiply it by the scale, so the new step will be 1% * 2 = 2%. SO2 will look like this: -1% + -2% = -3%.
3.- Multiply the previous step % by the scale and you get: 2% * 2 = 4%. SO3: -3% + -4% = -7%.
4.- Keep following this pattern, and you have Step: 4% * 2 = 8%. SO4: -7% + -8% = -15%.
5.- Etc.

📚 To learn more about the mechanics and terminology of DCA Bots, we have an excellent article for you.

Fresh updates to the Multi Take Profit feature for DCA Bot!

We've improved the Multiple Take Profit feature for the DCA bot and want to share with you what we've enhanced:

1.- Creation of DCA Bot with Multiple Take Profit: We've refined the creation process of the DCA bot to include the Multiple Take Profit functionality along with the Convert Deals to SmartTrade feature. Now, if you wish to convert a DCA bot deal to SmartTrade, the multiple take profit levels will be correctly converted.
2.- Editing DCA Bots: Version one had occasional difficulties with editing DCA bots that used the Multiple Take Profit feature. We’ve resolved the issue.
3.- Improved Switching between Settings: We've enhanced the switching functionality within the deal closure settings. In the Take Profit section, switching between "Price change, %" and "Conditions" settings will no longer reset the configurations. This removes a point of frustration for users.
4.- Editing Deals with Multiple Take Profit: We've added the ability to edit deals with the Multiple Take Profit feature. You can now easily change the target levels for multiple take profit both in the bot and within the deal itself.
5.- Enhanced Deal Page: The deal page has been improved to make the different profit-taking levels more visible. Additionally, you now have the option to close part of the deal at market price without waiting for the price to reach the target level.
6.- Minor Fixes: We've fixed minor issues related to Multiple Take Profit functionality.

These improvements are aimed at enhancing your experience and providing more flexibility and control over your trading strategies.

Set up Multi Take Profit on your DCA Bot: https://app.3commas.io/bots

Make the trades you want with USDC Signal Bots on Coinbase Advanced

3Commas unveiled a significant update for our Coinbase Advanced users a while back featuring support for the USDC trading pair with DCA Bot. Now we’ve also added this functionality to our Signal Bot on Coinbase Advanced.

Now, if you select a USD_XXX pair on the Coinbase chart and send signals to your Signal bot with the USDC_XXX pair selected, the bot will automatically convert the signal to work for USDC and execute the action you've instructed, whether it's entering a trade, increasing or decreasing position size, closing, or reversing the position. How cool is that?!!!

The USDC pair is available in over 190 countries, offering our users more versatility in trading, leveraging the stability and liquidity of USDC across 230+ cryptocurrency pairs.

3Commas is committed to making your favorite trading tools available on as many exchanges as possible.

Launch a fresh multi-pair bot today: https://app.3commas.io/signal_bots

Binance has scheduled a Spot API update: no service impact expected

Binance is one of our most popular exchanges, so in case you didn’t see it, we’re posting an update Binance announced for their Spot API for June 18, 2024 at 05:00 UTC.

A few traders reached out to ask if this update will impact their use of 3Commas or if it requires them to do anything to prepare, fortunately no action is required.

As a reminder, any planned or unplanned maintenance that may affect 3Commas traders will be posted on our 3Commas Status Page - where you can subscribe to receive email notifications, too!

You can find the full announcement here

In our weekly updates, we’re going to focus on big news in the crypto industry. This includes news about regulatory changes, big price movements, and interesting new tools and projects.

Let's take a look at this week’s updates:

1.- Bitcoin ETFs Records $200m Outflows: The U.S listed spot bitcoin ETF records $200m in outflows, the second consecutive day of outflows driven by Grayscale's GBTC without any inflows.

Why it matters: ETFs experiencing net outflows higher than inflows can reflect a lack of investor confidence. However, given how new these funds are, it is possible some investors are pulling funds to invest in distressed assets in other markets.

2.- Polygon to Unlock 1B Tokens through new Grants program: Polygon has launched a new grant program to reward 1B tokens over the next 10 yrs to Polygon chain builders.

Why it matters: Polygon is promising to reward builders who add value to their ecosystem. So while they’ll be diluting the coin supply somewhat, in theory the value added to Polygon as a functional service should push up the price more than the increase in supply will lower it.

3.- Ireland Central Bank Grants VASPs License to Crypto.com: Central Bank of Ireland has granted virtual assets providers License to Crypto.com allowing it to offer crypto-to-fiat services.

Why it matters: Every time another crypto company gains official acceptance into the financial system of any country, it’s a win for everyone in the crypto space.

Read More