An off-exchange account is a way to know how many coins you have and what their actual value is, even if you keep them on a hardware Wallet or on an exchange which is not supported by 3commas.
Usually, traders do not keep money in one place: some of the coins are on Idex, and some on Ledger or another wallet. If you do not want to count and analyze everything manually, there is an easy way to see all funds in one place.
I guess you've heard about Blockfolio or Delta, but it’s more convenient when you're very handy with this data.
It looks like a portfolio.
In the 3commas interface, in the "My Exchanges" section, you can add coins you have and their amount - and you’ll see the estimated value of the asset. All tokens from Coinmarketcap are available. And this information remains in the balance history in your 3commas account, so you could see your funds history what allows you to make conclusions about your strategy.
How to setup
1. Find "My Exchanges" page, tap on “ Create Off-exchange assets”
2. Enter the name
3. Add coins (as in a portfolio)
- Enter the number of coins
- All coins from Coinmarketcap are available
4. Click “Save”
It is not cumbersome and time-consuming. Try it yourself on 3commas.
Please join our chat where you can ask for advice or share your experience with fellow traders at any time.
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We wish you all the best!