Altrady vs Bybit: Choosing the Best Alternative for You

Cryptocurrency exchanges serve a vital role by offering a platform for the purchase and sale of digital currencies with various blockchain-related products. Bybit stands out as one of the most regarded exchanges among the numerous crypto trading platforms available. However, there are alternatives.

Within the most popular exchanges, we find the following alternatives:

• ByBit
• Binance
• Kucoin
• MEXC

Most of them provide trading terminals, but instead of going into what each platform is better to trade, let's take a closer look at Altrady as an alternative trading platform strictly optimized for cryptocurrencies that goes beyond a marketplace since it focuses on trading performance.

Making The Choice: Altrady

Based on a solid and versatile bunch of prospects by employing algorithmic tools designed to automate a wide range of strategies alongside manual management options, Altrady offers a multi-exchange and all-in-one platform to develop an effective long-term trading business.

Equipping diverse tools with advanced features for day trading, swing trading, scalping, and long-term portfolio management, we can summarize Altrady's proposal into four key elements.

Advanced Automation

Altrady offers a comprehensive suite of automated trading solutions, encompassing quantitative market analysis and algorithmic trade execution, while ensuring position protection through pre-defined stop-loss and take-profit orders.

Paper Trading

Easy and potent, paper trading allows traders to test new trading strategies while conquering the application of current ones. Altrady focuses on providing a risk-free environment where to learn and gain experience.

Short-term and Mid-term Trading

The platform acknowledges the significance of day trading for achieving consistent profits and provides a streamlined terminal for intraday strategies. Additionally, swing traders can easily identify mid-term trading opportunities through seamless options.

Long-term Investment and Portfolio Management

Experienced users can leverage the portfolio manager to develop investing strategies while connecting several exchange accounts and managing subaccounts simultaneously. This capability allows them to create tailored management solutions for their clients.

Altrady: What Comes With an All-in-one Solution

Understanding Altrady's Approach

From professional trading charts to standard functions, using an all-in-one platform, such as Altrady, brings countless advantages. However, it is possible to highlight additional key benefits that can enhance traders' performance.

Such benefits enable traders to concentrate on essential elements, including growth, risk management, and position size. Along with all these, traders can seize the following tools:

• Quick Scanner designed for Fat Finger strategies and scalping.
• Crypto Base Scanner (CBS) that identifies market bases and seizes opportunities on subsequent price bounces.
• Signal Bot that allows automated trading by opening trades based on algorithms with signals from the CBS.
• QFL Signal is based on the Quick Finger Luc strategy. It employs the signal bot to automate market entries with a likelihood of potential bounces.

Altrady's Short-Term Advantages

Day trading represents a market strategy that this platform recognizes as vital for traders. Consequently, Altrady has developed a trading terminal designed to enhance the trading experience by offering various tools for managing position sizes, selecting from multiple order types, and utilizing technical indicators through its integration with Tradingview.

In addition, we can highlight the following features for short-term advantages:

• Real-time positions PNL and order book.
• Signal Bot and Grid Bot trading.
• Watchlists and alerts.
• Tradingview charting tools and indicators.

Altrady's Long-Term Benefits

The mid-term strategies, including swing trading and, more specifically, various investor profiles, are closely aligned with the pursuit of an efficient tool such as the Portfolio Manager.

This tool makes the integration of multiple exchange accounts easy and simultaneous, assessing the performance value across asset distributions and providing analytical insights regarding the overall growth and health of the entire portfolio.

In addition, we can highlight the following features for long-term benefits:

• Market explorer.
• Multi-chart analysis.
• DCA Bot Trading.
• Multi-exchange connection and sub-accounts management.

Smart Trade Management With Automation

The Smart Trading functionalities enable traders to set stop-loss and take-profit orders, which can be tailored according to individual preferences. Automated order management following the opening of a trade position is effectively supported by Altrady.

For those who emphasize position sizing, these Smart Trading capabilities allow for the automatic determination of risk percentages and risk-reward ratios.

Stop-loss orders can be created using either market or limit orders. Moreover, the stop-loss can be adjusted to follow the price movement during a profitable trade, thus protecting the position through the Protection feature. The Stop Loss Cooldown function is designed to avert premature exits from a position during significant price volatility.

In addition, the automatic take-profit feature permits traders to establish up to ten targets, each with a designated amount, thus enabling the trailing of these targets.

In summary, Smart Trading allows the following:

• Setting up multiple take-profit orders with trailing.
• Using stop-loss with features such as Cooldown to overcome typical stop-hunt wick moves.
• Adding Protection to reduce risks by automatically moving a stop-loss order with a position as it remains profitable.
• Calculating automatically the proper position size according to a risk percentage.

Exchanges And Trading Platforms for Cryptos

Exchanges are essential components of the cryptocurrency sector, serving as marketplace platforms for buying and selling digital assets. However, engaging in professional trading presents various challenges that can manifest in different ways.

The rapid advancements in blockchain technology may dim the traditional functions of exchanges in the current trading environment. Cryptocurrency exchanges have been integral to the industry since its inception, serving as essential platforms for a variety of digital investments.

Nevertheless, the crypto trading industry has evolved significantly, presenting new instruments and opportunities. Bybit offers a multitude of services that extend beyond mere trading, which may not cater exclusively to users focused on trading activities. On the other hand, Altrady delivers an optimized environment.

Conclusion

It is crucial for investors to concentrate on tools specifically designed for trading, strategy testing, automated model development, and the implementation of trading systems. This approach is increasingly necessary in the face of the dynamic changes occurring within the cryptocurrency exchanges and the overall sector.

Altrady is a crypto trading platform with multi-exchange integration features where beginners and professional investors manage assets across multiple accounts simultaneously, seizing algorithmic, automation, and bot functionalities. Sign up for a free trial account today.