Beyond Kraken: Altrady - Your Pro Multi-Exchange Trading Edge

Kraken is a popular exchange that allows you to buy and sell coins effortlessly. Nevertheless, as the cryptocurrency market evolves, specialized crypto trading platforms, like Altrady, offer investors the best trading alternative venue possible.

Whether for spot trading, portfolio management, or derivatives products, alternative crypto trading platforms strive to provide the most suitable environment to yield profitable results with these products. The most popular alternatives you should consider are:

• Altrady
• Deribit
• 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 build portfolios and manage positions relying on automated trading and bot systems in the most affordable ways possible for traders of any skill level.

Manage Multiple Exchange Accounts and Access a Wider Range of Assets With Altrady

As a multi-exchange terminal, Altrady streamlines a unified interface for simultaneous management across numerous exchanges. Unlike conventional cryptocurrency platforms (like Kraken) that focus primarily on providing exchanging services, this multi-exchange prioritizes equipping traders with advanced tools while preserving access to not only one but various exchange accounts.

To achieve that objective, Altrady utilizes API technology, which allows it to gather multiple accounts into a single trading terminal. By harnessing this characteristic, traders can have a broader scope into imaginable trading systems and techniques through all connected exchanges, such as the following:

• Bots and algorithmic trading implementation.
• Building broader portfolios.
• Simultaneous management of different portfolios.
• Use of additional advanced features for position management.

Let's briefly overview every point listed above.

Bots and Algorithmic Trading Implementation

The algorithmic approach found in Altrady empowers traders of any skill level to employ automated trading techniques for diverse strategies across spot and futures markets.

For instance, you can execute the following two popular bot systems in all your exchange accounts at once:

• Grid Bot: This bot employs pre-established price intervals for automated buying and selling, primarily during sideways market conditions but also for directional up and down movements.
• DCA Bot: The optimal choice for an accumulative strategy. This bot automates buy orders at specific prices when an asset declines, seeking an edge for long-term investments by averaging acquisition and opportunity costs.

Learn how to set up a Signal Bot to exploit algorithmic day trading and automated DCA execution.

Building Broader Portfolios

The multi-exchange system furnishes an outstanding edge when building portfolios: you can diversify across a wider coin offering. Generally, exchanges list new coins at a different pace, which implies that not all crypto assets are available on a single platform.

On the other hand, exchanges may also delist assets, whose implications require quick actions by investors, such as reallocating their capital and portfolio rebalancing. For example, at the time of writing, we can point out the following data:

• Binance supports an average of +350 coins, while Kraken supports around +250.
• Binance will delist AERGO on March 28/2025. However, this coin will remain available on BingX, Coinbase, KuCoin, etc.

See how Altrady's Market Explorer helps traders research cryptocurrencies throughout all available exchanges.

Simultaneous Management of Different Portfolios

Following the case described above, professional traders might be interested in quickly accessing a wider range of coins while handling different portfolios for themselves or their clients.

In any case, Altrady optimizes a suite for efficient portfolio management powered by the following features:

• Accounts and subaccounts.
• Advanced data filtering per client.
• Data fetching for real-time overview.
• Analytic charts to track progress.

Explore more about the Portfolio Manager here.

Pro Crypto Trading Simplified: Use of Advanced Features for Position Management

Finally, beyond all the features explained previously, proper position management makes the difference in profitable trading.

Unlike Kraken, which separates the exchange from a trading platform, Altrady simplifies a trading terminal to take control of every position during day trading, swing trading, and long-term investments with some of the following tools:

• 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.

How does using the power of Smart Trading tools change your trading game?

Comparing Kraken & Altrady

Conclusion

Undoubtedly, Kraken represents a leading option when choosing an exchange to buy and sell crypto assets, but when pursuing a trading edge, alternative platforms provide investors with game-changing procedures.

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 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.