RINO - A multi-signature based enterprise wallet, free for first year of use. RINO is the only enterprise wallet for Monero that has multi-signature security. Designed for teams and organizations, RINO provides features such as spending limits and four-eye approvals. Monero is the number one privacy-focused cryptocurrency in the world. While Bitcoin and Ethereum reveal every transaction to the world, Monero’s unique cryptography provides the privacy that traditional pre-crypto finance takes for granted. Businesses do not, in general, want…
While a lucrative investment opportunity, crypto trading can be draining. Yes! Some have been found glued on their screens round the clock. But like experts will tell you, working hard isn’t the deal. Working smart is!
Crypto trading terminals offer the most innovative way to trade cryptos. Terminals make your trading life easier by managing your portfolio, automatically executing trade opportunities, and keeping your trades in check 24/7. In short, terminals help you earn while you sleep.
This article draws the line between good and best and filters through available crypto trading terminals to bring you the top 4.
But, first things first!
Defining Features of Top Crypto Trading Terminals
Reliability – Is the terminal reliable? Again, the best way to get the answer is to find what users say about their experiences using the platform.
Profitability – People trade for money, but when a terminal has evil fee plans and wrong strategies, you lose your investment.
Security – A terminal may give the best experience and help you with many profits. But what is the point if your earnings are vulnerable to theft? So again, secure storage and transaction are key.
Transparency – The whole point of cryptocurrency creation is transparency; your terminal should not shield this feature. Transparency creates trust that results in a serene trading environment.
User-friendliness – You don’t want to go for something you can’t use after pumping all your money. That’s why top terminals offer demo accounts to let you have a taste beforehand.
Now you may be asking, is there any terminal with these features? Well, there are! And here are the best 5 for you:
Gekko is an open-source crypto trading terminal available for download on GitHub. With over 2,000 monthly downloads, Gekko is among the most significant crypto GitHub projects. Gekko supports 9 crypto exchanges: Binance, Poloniex, GDAX, Kraken, Bitfinex, Bittrex, Coinfalcon, EXMO, and Luno.
Though Gekko has a friendly user experience, working with it requires technical expertise in app development, mostly seen as a developers’ tool. Besides, the terminal does not allow arbitrage opportunities.
Gekko unique features
Web interface – Gekko presents a web interface to help you monitor your positions and trade strategies.
Free – Gekko is free and compatible with Windows, Mac, and Linux.
Backtesting – Provides possible results of your trade by comparing the trade with historical data.
3Commas is a cryptocurrency trading terminal focusing on portfolio management and bot trading. It stands out as the best trading terminal for expert traders. Also, unlike other terminals, 3commas features short-term crypto trading strategies.
The platform supports 12 exchanges: BitFinex, Coinbase, Bittrex, Gate, Huobi, Binance, Binance DEX, Bitstamp, Poloniex Kucoin, Bitmex, and Kraken. Its prices range from $29 – $99 a month.
Unique features of 3Commas
Many trading tools – 3Commas offers performance analytics, automated trading bots, backtesting tools, and a trader’s diary.
Mobile Apps – Thanks to 3Commas’ mobile application, which is available for Android and iOS, you can now monitor your portfolio anywhere at any time.
Functionality – 3Comma’s detailed user interface enables traders to set take profits and stop losses.
Cryptohopper is a crypto trading terminal with copy trading and an automated bot. Copy trading is a policy that allows newbies to copy experienced traders’ strategies. With Cryptohopper, you can automate almost every aspect of your portfolio.
Currently, 12 Global Exchanges are supported, i.e., Huobi, HitBTC, Binance, Bitvavo, KuCoin, Poloniex, OKEX, Bittrex, Kraken, Coinbase Pro, and Bitfinex. In addition, Cryptohopper offers a free pioneer account and other premium accounts, ranging from $16.58 to $83.25 per month.
Other unique features of Cryptohopper include an easy-to-set dashboard and an external signal tool to help traders subscribe to global expert analysts.
Cryptotrader is a cloud-based algorithmic crypto trading terminal. The terminal helps traders simplify the trading process and make more profits without limitations on experience. Its adoption of cloud computing makes it stand out. In addition, the instant notifications and fast execution of trade opportunities make it stand out.
The pricing ranges from 0.0009 to 0.0206 bitcoins per month. In addition, CryptoTrader supports multiple crypto exchanges, including BitFinex, Poloniex, Bitstamp, Coinbase, Kraken, Bittrex, Kcoin, Binance, and Huobi.
Unique features of Cryptotrader are cloud-automated trading bots, support for major crypto exchanges, Strategies Marketplace, Backtesting, Instant alerts & notifications.
Trading online can be different from traditional trading. For online trading, there is no spare time. Markets are always running. For example, crypto markets are open 24/7. This makes tracking your portfolio time-consuming, particularly if you’re a manual trader. This makes it even harder if you own different accounts with different exchanges.
Fortunately, there is a better way to manage your accounts. Trading terminals bring all your accounts into one place and automate the process. This not only saves you time but also helps you in avoiding losses.
You must have noticed many crypto trading terminals today if you have researched well. But, if you follow the above extract, you can better develop an ultimate trading strategy that can help you realize your investment dream.