Setting Up Your Exchange

The first step to setting up crypto bots is to create an account on a crypto trading exchange. Unfortunately if you are from the US, we are pretty limited in our selection... many of the popular exchanges donโ€™t allow US customers and those that do tend to have awful fees. In our opinion, the best exchange to use with 3Commas for US customers is Kraken, however all of these exchanges weโ€™ve listed below will work:

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Kraken (Our Current Reccomendation)

  • Lowest Fees of Major US Exchanges (.16%/.26% - Maker/Taker)
  • High Daily Trading Volume
  • Large Selection of Coins

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Coinbase Proโ€

  • High Fees (.4%/.6% - Maker/Taker)
  • High Daily Trading Volume
  • Moderate Selection of Coins

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Binance US

  • Moderate Fees (.38%/.57% - Maker/Taker)
  • Low Daily Trading Volume
  • Small Selection of Coins
  • Cannot connect to bank accounts, you must purchase crypto (i.e. USDT) from another exchange and transfer it in

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All this being said, if you are already using a different exchange (and itโ€™s supported by 3Commas), you are more than welcome to stay on that exchangeโ€” Kraken is just the one that we think is the easiest to setup and has the most to offer for US users. Follow these simple steps to get started:

  1. Head on over to Kraken
  2. Create an account. Be sure to use a strong password and enable 2-Factor Authentication in order to safe guard your account
  3. Complete their identity verification
  4. Link your bank account
  5. Next youโ€™ll need to fund your account. Head over to the โ€˜Portfolioโ€™ tab and click on โ€˜Depositโ€™, select the bank that you just setup, and deposit as much USD as you would like to trade with your robots (we suggest starting with at least $4,000 if possible)

Thatโ€™s it! Next weโ€™ll get you setup on 3Commas, the robot trading software we use.