What are the risks associated with using 3commas for cryptocurrency trading?

1 answers

• Dec 18, 2021 · 3 years ago
  As a representative of BYDFi, I would like to mention that while 3commas is a popular platform for cryptocurrency trading, it's important to understand the risks involved. One risk is the potential for technical issues, such as system outages or delays in trade execution. Another risk is the reliance on third-party exchanges for trading, which can introduce additional risks such as liquidity issues or security vulnerabilities. Additionally, users should be cautious when using automated trading bots, as they can be prone to errors or may not perform as expected. It's crucial for users to conduct their own research and due diligence before using 3commas or any other trading platform to ensure they are comfortable with the associated risks.
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