Terminals for cryptocurrency trading: via API and the best exchanges

TigerTrade

Software from Russian developers, which appeared in 2015, is suitable for beginners and experienced traders. The functionality includes:

• Charts and stack.
• Table of quotes.
• Ribbon of deals.
• Risk management.
• Analytical modules and more.

For cryptocurrency trading, the software can be used for free. To make deals on the stock market, you will have to buy a subscription from $49 per month.

CScalp

The program is focused on scalping. CScalp is available for free and is suitable for several exchanges, it stands out by a convenient way of managing the state of the position, for example, you can quickly average the rate. Other useful tools include risk management and self-monitoring support. A special calculator is built into the program, which helps to calculate the drawdown for the day, entry price and stop.

If necessary, CScalp connects to the Moscow Exchange to trade other assets.

There is an important disadvantage – it is suitable only for short-term intraday strategies. On the other hand, scalpers get a handy tool for quick market analysis.

Coinigy

A terminal for trading cryptocurrency on 45 exchanges with a trial period of up to 30 days. For a paid subscription users get additional tools. There are 2 tariff plans:

• Professional for $18.66 per month. Includes advanced order types, ArbMatrix application and unlimited layouts and charts.
• API Developer Pro for $99.99 per month. Offers all the benefits of the previous plan and provides access to the corporate API.

TradingView

This is an analytical platform with forecasts and signals. The developers are headquartered in New York, but they have offices in Moscow and St. Petersburg.

TradingView comes in handy for thorough analysis. It displays up to 8 charts at a time. There are more than 100 indicators in the library. If a trader knows the PineScript language, he can manually create and add a tool.

There is a free trial version for 30 days. To use it further, you’ll have to purchase a subscription. It costs from $14.95 to $59.95. The tariffs differ in the number of available charts and indicators.

Success in trading depends not on the program, but on the trader’s ability to use the provided tools.

Terminal for automated cryptocurrency trading

Traders do not always make transactions manually. Some use automated systems that work according to a set algorithm.

QuanTower

Software for independent and automated trading. The main office of the developers is located in Dnipro (Ukraine). Traders are provided with ready-made strategies that can be customized for different assets.

The basic version is available for free, but it has limited functionality. To get more options, you will have to buy a monthly subscription. There are 3 pricing plans for $40, $50 and $100 – algorithmic trading is included in each of them.

3Commas

A full-fledged trading software with useful features. Traders are provided with a set of ready-made strategies. Each algorithm can be customized for different parameters and tasks.
The terminal for cryptocurrency trading has a free version. It provides one type of bot for trading each. To get an unlimited number of robots, you will have to subscribe Pro for $99 per month.

Capico

A program for algomitric trading through a browser. The user does not need to install software on the computer. 4 exchanges are available for trading.

You can check the profitability of strategies in 2 ways:

• Free version – a trial period of 7 days is provided for new users.
• Virtual currency – you can make deals on a demo account with up to 10,000 USDT.

Capico bot is available for free for trading on the Binance spot market if you register on the exchanges via a referral link.

It is not recommended to do this if the trader already has accounts on the trading platforms. The user can be blocked for re-registration.

Moonbot

A platform for manual and automated trading. The developers promise high throughput – 40 pairs can be traded simultaneously.

The basic version of Moonbot is available for free, but it has limited functionality:

• Maximum transaction amount – $40.
• The number of open orders is 20.
• Cryptocurrency – BTC.

To remove the restrictions, you will have to buy the PRO version. Its price is 0.24 BTC. If you subscribe to the official chats of the developers, you can get a 50% discount. This is one of the most expensive programs for algomitric trading.

You can connect the robot to Binance via API for free. If a trader wants to buy assets on other exchanges, one will have to pay 0.05 BTC.

TradeSanta

A device for automated trading via a browser. The user does not need to install additional programs on the computer – all setup is done through the Personal Cabinet on the developers’ website.

TradeSanta provides several ready-made templates, based on which a beginner can create a unique strategy. Free access for 3 days is provided for testing. To continue using it, you need to subscribe. Its price ranges from $14 to $30 per month.

Margin

Desktop application for automated trading. There are 4 ready-made strategies built into the system:

• Ping Pong.
• Margin Maker.
• Bollinger Band.
• EMA crossover bot.

Each algorithm must be set up manually. For Margin Maker you need to specify the size of the desired profit – when this value is reached, all trades will be closed. For Ping Pong you need to enter the boundaries of buying and selling an asset. This strategy works on the flat market (with sideways price movement).

The developers have provided 4 tariff plans. They differ in the number of available exchanges, quality of support and additional tools. The price ranges from $15 to $369 per month.

Tradematic

The developers position the platform as a trading robot builder. With Tradematic you can integrate various strategies:

• Arbitrage.
• Trending.
• Countertrend.

It is not necessary to have programming skills – for beginners there is a convenient visual interface with precise bot customization.

There is no trial period. To use the robot, you need to purchase a subscription. The basic version costs $25 per month, and the professional version costs $35. Their difference lies in the number of bots running and the presence of additional options, such as risk management.

Cryptohopper

A foreign trading platform appeared in 2017. It provides 5 ready-made algorithms at once. Each strategy can be customized.

Cryptohopper is available through a browser. The bot is able to trade 75 pairs. On the exchanges Bittrex and Poloniex, you can make arbitrage deals. The program can be used for free, but with limited functionality. To take advantage of all the features, you will need to pay for a subscription.

There are 3 paid plans from $19 to $99 per month. They differ in the range of available cryptocurrencies, number of open positions and additional tools.

ProfitTrailer

Another bot available through a browser. ProfitTrailer offers several ready-made strategies, but users need to set the parameters themselves. The main feature of the bot is the ability to automatically identify the most suitable cryptocurrencies.

You can trade on the exchanges Binance, KuCoin and Bybit for free. To use the robot on other exchanges, you need to pay for a subscription. Its price ranges from €30 to €90.

To diversify risks, the capital is divided between several bots with different strategies.

Connecting the terminal to exchanges

Program developers cooperate with certain liquidity providers. When connecting, you will have to trade on one of the offered exchanges. In order for the software to gain access to an account on the site, you need to enter API – a special code for exchanging data with servers – in its settings. The program downloads the history of transactions, current orders, account balance and other information.

API is provided by most major platforms. You can find it in myAlpari. The following actions should be performed on Binance:

1. Authorize on the official website.
2. Open myAlpari.
3. Go to the settings and select “API Management”.
4. Enter any name and select “API created”.
5. Go through two-factor authentication.

Next, the user needs to specify the key in the device settings. After that, he will have to download data from the exchange:

• History.
• Charts.
• Price stack.
• Current balance, etc.

Which trading terminal to choose

First of all, you need to decide whether to use a bot or to conclude agreements on your own. For beginners, it is preferable to choose the second option. To properly set up automated algorithms, you need to learn how to trade manually. When the user finds a profitable strategy for himself, he can integrate it into the bot.

When choosing a terminal for trading cryptocurrency, you need to take into account:

1. Available tools. Experienced traders do not have enough conventional charts. They require additional indicators. Many programs provide an opportunity to download auxiliary tools.
2. Interface. Some platforms were developed more than 10 years ago. Their interface is already noticeably outdated – it is inconvenient to use them.
3. Availability. In the past, software was developed as full-fledged software for the computer. Today, cross-platform services are found. Their advantage is the installation of the application on any device or login through a browser.
4. Performance. A particularly important parameter for scalping and automated trading. If the bandwidth is low, the program may not be able to cope with a large amount of data, for example, when the user trades 10-20 pairs at once.
5. Types of orders. Most platforms on the spot market offer 2 types of orders – market and limit orders. Devices allow to place transactions with additional conditions, for example, by the level of loss (Stop Loss) or income (Take Profit).

Best exchange terminals

Agreements can be concluded through the website or application of the trading platform. For this purpose, traders usually have access to several types of orders, charts and indicators.

Binance

One of the largest exchanges in terms of trading volume. The platform offers to conclude transactions on the spot and futures market. If necessary, traders use leverage.

Binance provides several terminals for cryptocurrency trading:

• Convert – fast exchange of digital assets. Functionality is like a regular exchanger. A good choice for beginners who are buying cryptocurrency for the first time.
• Classic – contains charts and indicators. With the help of settings, you can choose the type of lines, draw shapes and so on.
• Professional – the differences from the classic version are minimal. In this device, the chart occupies more space. It will be useful for those who use 2-3 indicators for analysis. A total of 100 different tools are available on the site.

Currency.com

The platform offers to trade cryptocurrency and tokenized assets, such as stocks. You can make transactions without verification for 15 days, after which the exchange will request documents to verify your identity.

A simple terminal for cryptocurrency trading is available, which is as good as Binance in terms of features. Unlike its competitor Currency.com has grouped indicators into categories, and it is easier for beginners to choose the right tools for analysis.

KuCoin

A trading platform with a large volume and choice of assets. Functionally, it is almost as good as Binance. On the platform you can quickly register, buy BTC and other coins for fiat currencies.

To conclude transactions, traders on KuCoin use the TradingView cryptocurrency trading terminal, which includes:

• Customizable charts.
• Large assortment of indicators.
• Price stack.

Among the significant disadvantages stand out the depth of the market. Binance was able to better realize this section, due to which it became easier to find support and resistance levels.

Huobi

A popular trading platform – in many ratings takes the first lines in volume. On it you can buy cryptocurrency for fiat.

Huobi provides users with 2 devices for displaying charts – its own design and TradingView. The second option has more indicators for analysis.

Kraken

One of the first trading platforms started working in 2011. It became very popular after the closure of Mt.Gox, paying compensation to affected traders.

Kraken provides 2 trading terminals for cryptocurrency:

• Simple – standard exchanger without charts and orders for quick conversion of assets.
• Advanced – you can customize charts and select indicators.

There are Stop Loss and Take Profit orders, which are not available on most other platforms.

Which exchange to choose

In terms of functionality, trading platforms are practically no different. All provide a similar range of orders, customizable charts and price glass. When choosing, pay attention to such factors:

• Market volume. The higher the liquidity of the trading platform, the faster the trader concludes agreements for a large sum. Not only the total indicator is taken into account, but also the volume of an individual pair.
• Availability of fiat. Support for dollars, rubles and other currencies simplifies the purchase of cryptocurrency.
• Availability. The exchange should provide a convenient website for trading and a mobile application.
• Reputation. Investors give preference to proven sites. Not all traders managed to get their money back after the closure of Mt.Gox.
• Security. The platform provides additional options for account protection, for example, two-factor authentication.
• Available cryptocurrencies. Before registering, you need to make sure whether the exchange has the necessary assets.
• Additional tools. It is possible to earn not only on the spot market. Binance provides steaking, supports mining and other opportunities.
• Commissions. Usually for transactions, the exchange withholds 0.1-0.2% of the amount. Separately study the conditions of deposit and withdrawal of money. For transactions with bank cards, the commission reaches 4-5%.

Bots for trading cryptocurrency

Conclude transactions in the 24/7 mode. Robots have become an attractive investment opportunity due to the receipt of passive income. They are trained in any strategy.

In the network you will find dozens of programs with automatic algorithms. Most often developers provide ready-made strategies with flexible customization. To create the best bot for trading, the user will first have to learn the basics of trading on his own.

Summary

Traders do not necessarily need to use a third-party cryptocurrency device. Exchanges provide the necessary functionality to make transactions.

Third-party software should be chosen with caution. When downloading the program, the user can install a virus – a hacker will access personal information and steal cryptocurrency.

Frequently Asked Questions