Beyond the Exchange: Choosing Your Pro Crypto Trading Platform

As a beginner trader, you're probably dealing with multiple affairs related to strategies, risk management, and, above all, how to become profitable. 

Once in the professional stage, traders begin to wonder how to improve their strategies or which systems could make them more efficient.

Both situations place a case of consideration regarding the leap-forward steps required to take serious trading toward the next level.

This article looks forward to serving you as a guide to understanding the role of crypto trading platforms for actual professional trading.

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Serious Traders and Pro Crypto Trading: The Role of Platforms Explained

In the cryptocurrency sphere, choosing a professional trading platform may imply mastering multiple concepts beyond traditional finance and securities trading. As a direct descendant of the technology industry, crypto trading comprises a broader range of possibilities through different sophisticated methods. 

Crypto trading platforms come to the rescue of committed traders and advanced investors wanting to explore such methodologies. Most of the available options encourage traders of any skill level to implement complex strategies at the ease of a click while the platform carries all the hard work behind.

Among the variety of services and features found in crypto trading platforms, some play a top role in their functionality. For instance, a determined platform might focus on one or two of the following methods:

• Algorithmic/Quantitative trading
• AI Bot implementation
• Portfolio management

Depending on the skill level, goals, and trading style, traders may choose one or another. Within all the mentioned methods above, exchanges are fundamental actors during transaction processes, and with them, crypto trading platforms strive to offer additional solutions for trading efficiency and broader accessibility.

The Role of Crypto Exchanges

Fundamentally, crypto exchanges guarantee access to the digital assets market through standard features for spot trading and derivatives products, such as futures and options contracts. These platforms, among other functions, aim to:

• Process the transactions of buyers and sellers in the market.
• List new coins and delist existing ones.
• Handling liquidity and volume.

Trading Efficiency and Broader Accessibility

Besides exchanges, other crypto trading platforms focus on specific solutions and specialized services that can bring traders a wider variety of outcomes by developing additional advanced tools and optimizing environments for traders to improve their strategies and performance. 

Many of these platforms range across the following areas:

• Smart trading
• Multi-exchange
• Copy Trading

Altrady’s Trading Terminal

Algorithmic and AI Crypto Trading Platforms

Altrady

Altrady brings together algorithmic, quant models, and smart trading features into a single terminal to ease the trading experience of traders of any skill level. While the Tradingview integration makes it easy-to-conduct market analysis, traders can also use advanced order types (that most exchanges do not offer) to improve the quality of trade entries and position management.

Furthermore, this platform streamlines multiple automated systems tailored to diverse strategies. Leveraging these systems simplifies execution across scalping and day trading while enhancing investments and portfolio management with cross-exchange features, such as  API connection.

The general offer of Altrady comprises the following:

• Multi-exchange connection for professional portfolio management.
• Algorithmic/Bot trading for AI-powered signals copy trading, grid strategy, and DCA.
• Advanced orders with smart trading features.
• Backtesting and paper trading.

3Commas

This platform focuses on bot trading and smart trading tools. It aims to facilitate traders’ accessibility to various exchanges by leveraging API connections while automating strategies. It stands out for a simple user-friendly interface with a trading terminal optimized to easily implement the following bots:

• Grid bots.
• DCA bots.
• Signal bots.

It is pertinent to mention that this platform also leverages the proprietary QFL algorithm from Altrady.

Wundertrading

By delivering a trading terminal optimized for seamless usability but aiming to empower traders with advanced approaches, Wundertrading comprises an offer based on bot trading and multi-wallet management. 

Perhaps one of the most iconic features is the AI bot for arbitrage trading. This bot stands out by:

• Identifying price discrepancies.
• Analyzing historical data.
• Exploiting a mean reversion strategy.

Specialized Crypto Trading Platforms

Deribit: Options and Derivatives 

This is an exchange focused solely on derivatives trading. Deribit streamlines a cryptocurrency platform to navigate the market through options, perpetual, and futures contracts.

Similar to other exchanges, in Deribit, you find a trading terminal with standard and advanced features, primarily for buying and selling underlying assets through derivatives.

HyperLiquid: DEX Perpetual Contracts

This is a unique platform that has gained popularity in recent times. Unlike centralized exchanges (CEX) (i.e, Binance, Coinbase, Deribit), HyperLiquid operates as a decentralized exchange (DEX) and DeFi app based on smart contracts. Here, traders have access to:

• Perpetual trading.
• Leverage and advanced order types.
• Transactions transparency.

Crypto News and Data Analysis Platforms

Finally, serious trading involves more than simply buying and selling or using bots. It also requires fundamental analysis and data assessment to make informed decisions.

Coin Market Cap

This is a leading web app that ranks cryptocurrencies by market capitalization and tracks their real-time price changes. It also aggregates relevant data, such as coin listings across different exchanges, historical performance, etc.

Coingecko

Leading web app focused on publishing crypto news, coin analysis, and informative articles. It also shares relevant data on prices, market trends and market sentiment analysis.

Coinglass

Coinglass focuses on on-chain analysis, such as tracking transactions between wallets and anomalies in the behavior of the market. For example, this platform can uncover whales when they are buying or selling, providing insights into predictable market patterns.

Conclusion

The transition from a novice to a pro cryptocurrency trader involves seeking out platforms that offer the necessary tools and terminals to facilitate growth and efficiency. As this guide has illustrated, the selection of a professional trading platform is a pivotal step in this journey, providing access to sophisticated methodologies and streamlining complex processes.

Ready to elevate your cryptocurrency trading to a professional level? With its seamless multi-exchange connectivity, robust algorithmic and bot trading functionalities, and a suite of advanced smart order types, Altrady provides the resources serious traders need to gain a competitive edge in today's dynamic markets. Start your free trial today and experience the difference.