Cryptocurrency trading offers a lucrative opportunity for both investors and traders. If you are reading this article, there is a chance that you have either indulged in cryptocurrency trading or you are seriously considering the idea.
While trading digital currencies can be profitable, you need to prepare for the shocks as a result of the volatility of cryptocurrency. So, you need to have in-depth knowledge about how crypto trading works so that you will not be taking a huge risk venturing into it. If done properly, that is trading with the right mind-set and the necessary tools such as portfolio manager, market watcher, wallets, crypto news aggregator (you need to be up to date with what is going on in the crypto world), and reliable trading platforms/software where you can trade your crypto assets securely.
Here are the top 5 trading tools for beginners and professionals.
If you are looking for a free crypto trading tool that enables automated trading, TradeSanta is a good one to consider. One of the greatest things about this trading tool is that it is user-friendly and is suitable for newcomers who are still learning the ropes. Setting up is easy. All that is required is you connect TradeSanta with any supported exchange and you can begin trading with a minimum investment. You can start trading with as low as $50. TradeSanta supports exchanges including Binance, Bitfinex, Bittrex, and Hitbtc.
If you are already using exchanges like Binance and KuCoin, then you may have successfully covered a great portion of the crypto market. However, if you are a trader who is interested in digging deeper to increase their reach, as well as reduce their risk by using multiple exchanges, then Coinigy is the way to go. Coinigy allows users to trade on multiple exchanges from a single account, and trade virtually every kind of digital currency there is using the Android supported app.
The trading tool gives you access to updates and charts from different exchanges in real-time. The app charges a monthly fee and annual subscriptions, although there is a one month free trial for those who want to have a feel before going all-in.
3commas is a trading bot and portfolio balancer which assist crypto traders with handling their trades. Like most trading tools, you can connect 3commas with exchanges like Binance, Bitfinex, and Poloniex using a single interface, allowing you to trade on multiple exchanges simultaneously. If you are a crypto trader looking for a tool that will enable you to multitask, then 3commas just might be the one for you.
Another cryptocurrency software that you should check out is Shrimpy, a trading tool that allows you to automate, diversify, and turn your crypto investments into profits. One of the great things about Shrimpy is that it automatically helps traders buy low and sell high. This can be a great feature for beginner traders who are learning to trade but do not want to lose a lot of their assets in the process. Shrimpy uses a rebalancing technique that helps to minimise risks and maximise profits regardless of what the market condition is.
If you are looking for reliable trading software for your Windows, macOS, or Linux computers, Gunbot is one to consider. The trading software comes with 32 different trading strategies, a great feature for both professionals and beginners. The software supports Bittrex, Poloneix, Bitmex, Coinbase, Bitfinex, Binance, and many more. Gunbot offers different plans (Gunbot Standard, Gunbot Pro, Gunbot Ultimate, and Gunbot Starter) that allow users to trade on one or more exchanges at a time.
Every crypto investor and trader will need trading software at some point or the other. Trading platforms are definitely one of the many links in the value chain of the crypto-sphere that will take cryptocurrency to the level that it has been projected to reach. If you are interested in bitcoin solutions such as bitcoin ATMs, you should visit satoshipoint.io
You’ll also like to read: Why Should You Invest in Crypto?