Altrady: The Smart Multi-Exchange Alternative to Deribit

As cryptocurrencies evolve, crypto trading platforms and digital exchanges compete to bring investors the best trading venue possible. Derivative products, such as futures contracts, fuel speculative activities in the market, and mastering such a form of trading implies an edge when profiting from volatile price movements.

However, derivatives trading can be complex. Crypto exchanges strive to provide the most suitable environment to yield profitable results with these products. One of them is Deribit, but the most popular alternatives you should consider are:

• Altrady
• Kraken
• Poloniex
• Coinbase
• Indodax

Instead of going into every platform, this article provides a guide on why you should look closely at Altrady: how algorithms ease the path to operate derivatives relying on automated trading and bot systems in the most affordable ways possible for traders of any skill level.

Why Altrady? Understanding a Multi-Exchange Powered by Algorithms

Altrady is a crypto trading software working on top of interconnection capabilities across multiple exchange accounts through API technology. Users can manage diverse cryptocurrency assets from different wallets simultaneously.

Altrady's platform lets you put together long-term investments and short-term trade positions into a single interface for seamless portfolio management and trade position monitoring.

Its interface caters to beginners and professionals, delivering a bunch of tools whose scope addresses a variety of styles within investment, swing trading, and especially day trading.

Facilitating spot trading and futures trading through innovative developments is the principal goal.

Among the wide range of characteristics found inside it, the following ones give significant insights regarding the way Altrady works:

• An automated approach to help traders execute and manage standard and complex trading strategies efficiently, enhancing risk management based on "smart-trading" capabilities.
• Algorithmic trading through bot systems backed up by quantitative models, all tailored to dollar cost average (DCA Bot) investments, an efficient Crypto Quick Scanner for Instant Market Analysis for scalping opportunities, and day trading strategies.
• Diversified asset management is held in multiple accounts and subaccounts, providing a single overview of all assets' performance across different portfolios.

Discover how to exploit cryptocurrency algorithms with a Signal Bot - The Ultimate Solution for Automated Trading.

For Beginners: The Best Alternative for a Fresh Start

For beginners and absolute novices, Altrady represents a straightforward start to the world of crypto trading with automated and algorithmic features. Unlike Deribit, which may seem more complex at first glance, this alternative strives to ease the learning curve for new traders.

A significant distinction in this matter to keep in mind when assessing each alternative comes down to grasping their priority:

• Deribit acts as an exchange that focuses on delivering the finest derivative products. It provides advanced investment methods, such as linear, inverted, perpetual, and dated futures trading, alongside options contracts.
• Altrady focuses on providing traders with a trading venue for achieving efficient execution and profitability through handy features for users of any skill level. It is, above all, a specialized crypto trading platform relying on a smart-trading approach and bot services.

Furthermore, the free paper trading featured by Altrady expands the possibilities. Beginner traders can test any strategy idea on multiple charts powered by Tradingview tools and indicators. The best? Across several exchange accounts, for example:

1. Binance
2. Kraken
3. Coinbase

Learn more about paper trading with this guide: Binance Futures Paper Trading and Altrady as an Alternative.

For Professionals: Lowering Costs, Expanding Horizons

Once in a professional stage, traders start seeking more efficient transaction costs. One considerable contrast between Diribit and Altrady highlights this issue:

• Deribit only processes Bitcoin, Ethereum, and USDC as funding methods.
• Altrady allows a broader range of funding methods since it connects to several exchanges.

While the former requires blockchain for transactions, the latter preserves that chance alongside fiat options. For example:

• Traders from Latin America could use the Binance P2P market to top up and withdraw funds from their accounts using fiat currency while connecting them to Altrady. Bybit, BingX, and other exchanges offer P2P markets in Asia and India.
• Traders in the US, Canada, and Europe could be more prone to use bank cards, such as Visa and Mastercard.

Evaluating the funding/withdrawal costs (including trading fees) is crucial due to the impact on profitability. The multi-exchange approach seems to have an edge in this sense.

Furthermore, Altrady equips professional users with additional tools to expand their business horizons. The portfolio manager feature allows the managing of assets for different clients from a principal account in three steps :

1. Separating clients' portfolios per account and subaccounts.
2. Separating the asset data of each client's account through advanced filtering.
3. Combining multiple exchange accounts of the same client to obtain an overall analytical overview of all assets.

Smart Trades with Innovative Automation

Beyond everything described above, managing positions is one of the fundamental facets of profitable trading. In this case, Altrady streamlines multiple order types to enter and exit trades in the spot and futures markets across all available exchanges.

Based primarily on automated performance, the "smart-trading" features create a seamless experience when executing intricate trading techniques and managing tricky scenarios, such as periods of volatile spikes. These features include the following:

• Ladder orders: Set up to 10 automatic orders.
• Price scales: Space the orders with a preferred scale, linear or Fibonacci, or manually set the prices for each order. 
• Profit protection: Protects a profitable position by triggering a trailing stop loss that moves to breakeven and follows the price to profitable price zones after the first take profit.
• Stop-loss cooldown: Postpones stop-loss execution to avoid stop hunts caused by a candle wick.

Comparing Deribit & Altrady

Conclusion

Derivative trading is available across several crypto exchanges, and Deribit remains a specialized option in this area. Nevertheless, alternative platforms streamlined to aggregated trading fueled by a wide range of features can provide traders with a game-changer procedure.

Altrady stands out as a multi-exchange trading terminal powered by powerful algorithms and automation as core functionalities, helping traders find an edge when day trading, scalping, or managing portfolios.

Optimized for beginners and professionals, starting with this platform is as easy as signing up for a free trial account equipped with paper trading and backtesting features.