Cryptocurrency trade app
Cryptocurrency exchanges create their own utilities for traders, as it is more profitable than the application of third-party programs.
However, the crypto-financial market is technically little different from the usual sphere of fiat currency. One can trade using special soft for currency bidding. Such programs, called bidding terminals, simplify greatly the bidding process, increase mobility. They partially automate bidding to save traders` time. Let`s consider popular types of bidding systems used for bidding cryptocurrencies.
First, we will focus on ordinary platforms, where deals are opened and closed manually. They are in the greatest demand among traders, because traders can fully manage the process of bidding.
What are the main features of conventional platforms?
- Several variants of execution of orders.
- A large kit of indicators providing an extended technical analysis. Due to this, it is easier to predict the increase or decrease in the cost of some cryptos.
- Ability to make your personal scripts and indices.
- The presence of the news feed, thanks to which you will be aware of events that occur in monetary markets.
- Quick conclusion of orders and no slipping.
- Flexibility to make a unique interface.
Crypto exchanges do not offer users to download an already configured version of the program, but if you look at it, you can connect the terminal via API to such giants as Bittrex, YoBit, Bithumb.
Some crypto community enthusiasts develop chargeless and open trade cryptocurrency apps specifically for such bidding.
There is also a soft for Android smartphones to trade on crypto exchanges. Perhaps, IQ option is the best app for trading cryptocurrency. It comes from a reliable source. It has a positive feedback from analysts.
Automatic soft to trade cryptos
Some novice traders prefer to opt for automatic such soft for trading cryptocurrencies as bidding advisors or robots. They add the ability to auto-trade and copy bidding positions of other prosperous traders. There is also a generation of signals for entry into the auction on such platforms.
However, without much practice and research of all the intricacies of exchange bidding, the use of robots is highly discouraged! Because of one wrong setup, you risk losing everything. Remember that a robot is just an algorithm, it cannot think instead of you. In addition, bots create a lot of deals in short periods of time, and for every transaction of crypto payment, a fee is charged. Anyway, many advanced traders with years of experience use such automatic algorithms, honing them for a long time via trial and error. The best bidding robot is a robot written by the trader himself. The most successful of them are often copied and distributed on the Internet, but a blind downloading such a robot and connecting to the terminal with a real account is not the best solution.
The price of using bots is high, and free bots are created mostly by scammers.
There are many cryptocurrency trading apps to help a trader, and not all of them are good and safe, so you should focus on the most well-known terminals downloaded from reliable sources.
As for bots, it is preferable to trade yourself and learn from mistakes, and after gaining experience, develop your own automated bidding strategy, and order the creation of the appropriate bot to an experienced programmer. The total profit in this case will be higher than when using well-known paid bots, although this is a more complicated way.