When you let software trade your crypto, you hand it real power. That is why security must be your first\u00a0concern.<\/p>\n
In this guide you will learn what \u201csafe\u201d means for trading tools. Use this framework whenever you trust software with your\u00a0funds.<\/p>\n
Here is what any trustworthy tool must\u00a0deliver:<\/p>\n
1. Non-custodial design<\/strong><\/p>\n A trustworthy tool should never hold or withdraw your funds. It should only send trade commands to your exchange through\u00a0API.<\/p>\n 2. Two factor authentication<\/strong><\/p>\n Logins and critical actions should require\u00a02FA.<\/p>\n 3. Fast Connect (SSO) when supported by an\u00a0exchange<\/strong><\/p>\n This method is safer than copy-pasting API\u00a0keys.<\/p>\n 4. Minimal API permissions<\/strong><\/p>\n API keys should only allow trading and balance reading. They should never allow withdrawals or transfers.<\/p>\n 5. IP whitelisting support<\/strong><\/p>\n You should be able to restrict API keys to specific IPs. Even if a key leaks, it cannot be used elsewhere.<\/p>\n 6. Encrypted key storage and isolated\u00a0signing<\/strong><\/p>\n Keys should be encrypted, and authorizations handled by a module that is separate from the main\u00a0system.<\/p>\n 7. Secure communication and network protection<\/strong><\/p>\n All connections should use SSL or TLS. Firewalls and anti DDoS systems should guard the\u00a0backend.<\/p>\n 1. Non-custodial with no withdrawal access<\/strong><\/p>\n 3Commas does not need access to withdraw funds. It only sends trade instructions to your exchange. Your exchange login credentials are never\u00a0stored.<\/p>\n 2. Two factor authentication<\/strong><\/p>\n 3Commas supports 2FA for logins and critical actions to give you stronger account protection.<\/p>\n 3. Fast Connect\u00a0(SSO)<\/strong><\/p>\n Supported for many exchanges, with more being\u00a0added.<\/p>\n 4. IP whitelisting on API\u00a0keys<\/strong><\/p>\n You can restrict keys so they only work from whitelisted IP addresses.<\/p>\n 5. Sign\u00a0Center<\/strong><\/p>\n A dedicated module for API key management that is isolated by infrastructure and access controls.<\/p>\n 6. Login History (audit\u00a0log)<\/strong><\/p>\n Users have a full sign-in history, with IP, device, OS, and user agent stored for each session. You can review if someone has accessed your\u00a0account.<\/p>\n 7. SSL and firewall and Cloudflare protection<\/strong><\/p>\n 3Commas uses SSL and TLS for all traffic. Its infrastructure includes a web application firewall and DDoS protection, often through Cloudflare.<\/p>\n 8. Anti phishing code\u00a0feature<\/strong><\/p>\n This feature lets you set a code that appears in official emails so you can verify legitimacy.<\/p>\n Even the best security design cannot protect you if your setup is weak. Here is your side of the\u00a0deal:<\/p>\n Enable 2FA on your 3Commas account and on all your exchanges.Use strong and unique passwords for every\u00a0account.When creating API keys on your exchange, disable withdrawals and transfers. Only enable trading and balance reading. Even if a key is stolen, the attacker cannot move your\u00a0funds.Never share or store API keys in online documents or local text\u00a0files.Use IP whitelisting whenever possible.Check logs and trade history regularly.Let the software control only part of your funds. Keep the rest offline or in cold\u00a0storage.Keep your device safe. Update software, use antivirus, and avoid\u00a0malware.Be on guard for phishing. Verify senders and do not click suspicious links.Revoke or rotate old API keys you no longer\u00a0need.<\/p>\n Before you trust any trading tool, run through these\u00a0checks:<\/p>\n If a tool fails many of these items, it may not be safe for your\u00a0funds.<\/p>\n No software is perfect. But a tool built with good safeguards, combined with your own care, gives you much stronger protection.<\/p>\n 3Commas<\/a> offers many features that traders should demand. These include a non-custodial model, Fast Connect, IP whitelisting, and more. Use them wisely, stay vigilant, and automation can help you rather than hurt\u00a0you.<\/p>\n How to Pick Safe Crypto Trading Software<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" When you let software trade your crypto, you hand it real power. That is why security must be your first\u00a0concern. In this guide you will learn what \u201csafe\u201d means for trading tools. Use this framework whenever you trust software with your\u00a0funds. What \u201csafe\u201d trading software should\u00a0offer Here is what any trustworthy tool must\u00a0deliver: 1. Non-custodial […]<\/p>\n","protected":false},"author":0,"featured_media":151354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-151353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/151353"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=151353"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/151353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/151354"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=151353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=151353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=151353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What 3Commas\u00a0offers<\/h3>\n
What you must always\u00a0do<\/h3>\n
Security Checklist<\/h3>\n
Final thought<\/h3>\n