Every investor or trader worldwide has the same fantasy of making greater profits while lowering the risk levels. This is now possible by trading currencies like Bitcoin on some of the most open platforms. Unfortunately, this easy-looking task can rapidly become a nightmare if you are not careful about it. There are so many fraudsters and scammer’s n the market that can make it hard for you to survive in the crypto market.
For starters, you could end up losing all your assets if you are not careful about choosing an open platform like Yuan Pay Group for yourself. This is the reason why you must remain vigilant towards finding an open platform for a safe trading experience. If you are lucky enough to have made some good money in the Crypto market but don’t know where to start managing your portfolio, look at these five most powerful softwares for trading crypto.
- Blockfolio
The first software on this list is called Blockfolio. It monitors markets and exchanges for Bitcoin, Ether, Ripple, Litecoin, and 1000+ more cryptocurrencies. The app even sends you notifications when there are significant changes in the price of any of the cryptocurrencies on your watchlist! You can also customize alerts delivered by Blockfolio to be notified when certain currencies hit specific price levels or return percentages that you deem essential.
- CryptoPing
As an experienced Crypto trader, you can use the CryptoPing app to identify critical information about current sentiment and sentiment trends. For example, you can monitor the strength of the market by using a variety of indicators, including an average price, daily change, and several transactions. In addition, the software helps you to quickly perform searches across multiple exchanges to discover which currency is most popular at the moment.
- Coinigy
The Coinigy trading platform helps you determine how prices are changing on various cryptocurrency exchanges worldwide. The platform has various features, including price alerts, social trading links, and news feeds. You can even create your trading strategy and run it whenever you want! Moreover, the software allows you to analyze charts, take on-the-go trades and view graphs.
- Poloniex
One of the essential features of Poloniex is that it lets you trade with up to 9 coins at once. Full-service brokerages let you trade more than 100 different coins and tokens (with some limitations). The software uses its coin for payments which you can trade against bitcoin or other altcoins as desired. On top of that, the platform’s advanced charts let you analyze data for any cryptocurrency/coin pair and discover areas where the price trend might be reversing. The software also includes a wide range of trading tools and an easy-to-use interface.
- CryptoTrader PRO
The CryptoTrader Pro trading software is compatible with over 100 cryptocurrencies, and it boasts an impressive range of features on top of that. It lets you manage multiple portfolios entirely from your smartphone, and it even supports up to 20 different exchanges. In addition, the software can show market information for any pair, whether Bitcoin or one of the newer altcoins such as Ethereum Classic (ETC). It also provides a complete analysis of cryptocurrency pairs via graphs and charts.
What To Look While Choosing A Platform For Trading?
As a beginner, it could be difficult for you to understand all the technicalities of a trading platform. Without proper knowledge and basic understanding, you may also find it hard to pick the best option for you. The trading platform must have a simple, user-friendly interface to make it easy for tech novices to use it. Furthermore, the platform should be fully compatible with the devices one uses. There is nothing more frustrating than having trading software that one can not use on their mobile phone or tablet device because it does not offer the right experience.
It should have a solid security system to ensure secure transactions and transactions are kept confidential. In addition, the trading platform should be offering tax benefits and a payment gateway integration that is safe and secure. Finally, the trading platform must have redeeming features like excellent customer service that you can rely on whenever you need their help or any quick solutions such as 24/5 live chat support or any other facilities like this.
