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Altrady vs Kucoin: Choosing the Best Alternative for Your Crypto Trading Needs
Exchanges play a vital role in the cryptocurrency industry by functioning as marketplace platforms where to buy and sell digital coin holdings. However, when trading professionally, the challenges can pose different forms.
Within the most popular exchange offering, we find the following alternatives:
- Kucoin
- Binance
- ByBit
- MEXC
Most of them provide trading terminals, but instead of going into what each platform is better to trade, let's take a closer look at Altrady as an alternative trading platform strictly optimized for cryptocurrencies that goes beyond a marketplace since it focuses on trading performance.
Altrady: What Comes With an All-in-one Solution
Altrady raises its presence and promotes an all-in-one trading solution supported by an algorithmic and quantitative background, equipping diverse tools with advanced features for day trading, swing trading, and long-term portfolio management.
From professional trading charts to standard functions, the advantages of using an all-in-one platform such as Altrady are numerous. However, it is possible to highlight additional key benefits that can enhance traders' performance.
Such benefits enable traders to concentrate on essential elements, including growth, risk management, and position size. Along with all these, traders can seize the following tools:
- Quick Scanner designed for Fat Finger strategies and scalping.
- Crypto Base Scanner (CBS) that identifies market bases and seizes opportunities on subsequent price bounces.
- Signal Bot that allows automated trading by opening trades based on algorithms with signals from the CBS.
- QFL Signal is based on the Quick Finger Luc strategy. It employs the signal bot to automate market entries with a likelihood of potential bounces.
Quick Scanner For Customized Scalping
The Quick Scanner allows traders to establish personalized rules, offering significant flexibility in determining the conditions under which it will locate markets that align with the requirements of a scalping strategy.
This tool is versatile across various timeframes, including 5, 10, 15, and 30 minutes. As part of its extensive customization features, traders can apply filters to exclude certain markets, thereby enhancing the precision of their strategies.
The Quick Scanner works based on three distinct criteria:
- Rises percentage.
- Drops pèrcentage.
- Fat Finger percentage.
According to the documentation provided by Altrady, Rises and Drops are determined by comparing recent lows and highs to the last trade, while Fat Fingers are identified through the order book, indicating a significant discrepancy when the best ask in the Sell Order Book is considerably lower than the recent high, triggering a Fat Finger notification.
When trading goals are adjusted to capitalize on short-term opportunities, scalping strategies are implemented using the Quick Scanner, an automated tool designed to identify rapid price movements in the market while taking advantage of Fat Finger trading scenarios.
For example, traders can configure the scanner to focus on specific exchanges and trading pairs. They can also specify the desired percentage thresholds for price increases and decreases, as well as for Fat Finger alerts.
Why Altrady?
Altrady positions itself as an advanced trading solution, leveraging algorithmic and quantitative methodologies. It provides a suite of advanced tools tailored for day trading, swing trading, and long-term portfolio management.
Altrady comprises an all-in-one offering that considers all the perspectives possible for traders to participate in the market, foreseeing a solid and versatile bunch of prospects by employing algorithmic tools designed to automate day trading and scalping strategies alongside manual management in a multi-exchange platform to develop an effective long-term trading business.
As the trading landscape evolves, there has been a growing demand for specialized development to cater to this sector. With an increasing number of novices entering the market, software developers have been dedicated to creating advanced trading terminals that facilitate professional trading experiences. One notable example of such a development is Altrady.
Smart Trade Management With Automation
The Smart Trading functionalities enable traders to set stop-loss and take-profit orders, which can be tailored according to individual preferences. Automated order management following the opening of a trade position is effectively supported by Altrady.
For those who emphasize position sizing, these Smart Trading capabilities allow for the automatic determination of risk percentages and risk-reward ratios.
Stop-loss orders can be created using either market or limit orders. Moreover, the stop-loss can be adjusted to follow the price movement during a profitable trade, thus protecting the position through the Protection feature. The Stop Loss Cooldown function is designed to avert premature exits from a position during significant price volatility.
In addition, the automatic take-profit feature permits traders to establish up to ten targets, each with a designated amount, thus enabling the trailing of these targets.
In summary, Smart Trading allows the following:
- Setting up multiple take-profit orders with trailing.
- Using stop-loss with features such as Cooldown to overcome typical stop-hunt wick moves.
- Adding Protection to reduce risks by automatically moving a stop-loss order with a position as it remains profitable.
- Calculating automatically the proper position size according to a risk percentage.
Exchanges And Trading Platforms for Cryptos
Cryptocurrency exchanges have been integral to the industry since its inception, serving as essential platforms for a variety of digital investments. The rapid advancements in blockchain technology may obscure the traditional functions of exchanges in the current trading environment.
Nevertheless, the landscape of crypto trading has evolved significantly, presenting new challenges and opportunities. For example, Kucoin offers a multitude of services that extend beyond mere trading, which may not cater exclusively to users focused on trading activities.
It is crucial for investors to concentrate on tools specifically designed for trading, strategy testing, automated model development, and the implementation of trading systems. This approach is increasingly necessary in the face of the dynamic changes occurring within the cryptocurrency sector.
Conclusion
Cryptocurrency exchanges serve a vital role by offering a platform for the purchase and sale of digital currencies with various blockchain-related products. Among the numerous options available, Kucoin stands out as one of the most regarded platforms for trading cryptocurrencies. However, there is an alternative.
Altrady is a crypto trading platform with multi-exchange integration features where beginners and professional investors manage assets across multiple accounts simultaneously, seizing algorithmic, automation, and bot functionalities. Sign up for a free trial account today.
