A trading terminal is used by a cryptocurrency trader to connect exchanges through API. It allows the user to track his portfolio and use multiple cryptocurrency exchanges from one platform.
These trading terminals provide additional features like order types, which are not offered by exchanges.
Whether you are a beginner in crypto trading or an old-school crypto trader, a trading terminal offers an efficient approach to trade in multiple markets simultaneously.
The most important question to ask is what to look for in a crypto trading platform? Efficiency, intuitiveness, speed, arbitrage opportunities, and simplicity. All the trading platforms are created by keeping traders as the key focus.
In this article, we have listed down the top 5 crypto trading platforms and what sets them apart from others, more importantly, we have also explained how these work and what they have to offer for their users.
Best Crypto Trading Platforms
To find out the best crypto trading platform for you depends upon the type of trader you are. This is because all the trading terminals in the market do not cater to the need of every trader.
While some traders believe in closing their position and booking profit quickly other traders might believe in holding the altcoins for a longer period.
So the approach to using a trading terminal differs for each trader.That being said let’s look at the best crypto trading platforms:
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Quadency is a cryptocurrency trading platform that helps you manage your portfolio and facilitates faultless execution of trades.
Its intuitive and user-friendly interface makes it a well–suited platform for both newbie traders as well as professional traders.
It provides technical analysis tools and advanced crypto charting software and tools to its traders.
Quadency is a multi-exchange asset management platform that connects several exchanges in one platform using API (Application Programming Interface) keys.
It provides support to one of the most well-known trading platforms like Coinbase, Bitfinex, Binance, Poloniex, Bittrex, and Gemini.
Quadency allows its traders to trade with over 800 cryptocurrency pairs using a single trade platform. That’s impressive!Quadency does not charge any trading fee or transaction fee.
However, if your exchange charges fees for the order type you select then the fees will be applied directly by the exchange in your account with them.
3Commas provides one of the most advance trading terminals and bot services.
This platform is mainly focused on providing cloud-based crypto bot trading services, which is a service for advance traders.However, this is not the only service that it provides.
Apart from automated botting services this platform also has some highly advanced tools for managing short positions, different order types, and unique features like break–even calculator.
They even provide a mobile application so that you can track your portfolio on the go.You can get an account entirely free of charge but the services offered are very limited.
If you are new to crypto trading we recommend you get the starter pack. However, if you are interested in bot trading then you must go for their PRO service.
Another well-established cryptocurrency trading platform is Kattana. This has a very classy yet simple user interface.
Users can connect multiple exchanges, track their portfolios, analyze the markets, and manage their positions and trades.
What makes Kattana stand out is it’s free pricing policy. You might wonder, why is Kattana not charging any money for it’s services?
No, they aren’t doing any charity but because this platform is in beta stage so they are currently allowing their users to use this platform entirely free of cost.
Kattana also allows its traders to fully customize the platform and widgets according to their requirements. It supports Binance, HitBTC, Bittrex, Bitmex, OKEX, and Kucoin.
As mentioned earlier they offer a totally free service, in order to access this platform simply visit their website – download the file and install it – connect your API keys. That’s it, you’re good to go.
Shrimpy is the best beginner-friendly crypto trading exchange. It is simple and elegant in design and provides all the necessary tools you need to execute an effective trading strategy.
Some specialties of Shrimpy include implementing a portfolio stop loss, rebalancing a portfolio and dollar-cost averaging.
This platform is totally recommended for beginners, expert traders and professional investors as they offer a variety of tools to manage and diversify your crypto assets by.
It supports major crypto exchanges like Bittrex, Coinbase, Binance, Kraken, Gemini, and a lot more.This platform offers three types of account
- HODLER (no charges)
- Professional (13$ per month)
- Enterprise (for institutions)
If you want to gain access to the best and unique features provided by Shrimpy we recommend you sign up for the ‘Professional’ Account.
Cryptowatch is one of the oldest and still working Bitcoin charting and trading terminals. Founded in the year 2014 by Artur Sapek, this trading platform was recently bought by Kraken Exchange.
Users of this platform can view their portfolio and trading orders, positions, and history and most importantly connect exchanges all from one screen.
This platform has a very unique approach to pricing its services. In case you use only the charting function of the platform you will not be charged, however, if you want to place trades and alerts you will be charged on the basis of per trade.
This platform is mostly free to use but in order to access the advance features you need credits. New users are rewarded with 250 free credits.
This trading platform supports major crypto exchanges which include FTX, Binance, Bitstamp, Bittrex, Kraken, Kraken futures, Bitmex, Deribit, Huobi, Coinbase Pro, and many more.
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With this, we end our list of the best crypto trading terminals in 2023.Since the inception, crypto market has never seen a silent day. The market remains highly volatile almost all the time.
The markets are constantly evolving, growing, and expanding with a high number of people trading and investing here. This is why a crypto trading terminal is necessary for fast and secure transactions.
Availability of different tools for advance trading along with access to multiple exchanges from a single platform are some of the few reasons you must have a trading terminal.
The availability of these tools at your fingertips increases your profitability and reduces the risk of hacking or any security breach.
That being said, if you are new to crypto trading we recommend you gain full knowledge of crypto trading before entering the ring.