11 June 20

The 8 Best Crypto Trading Software Tools for New Investors

Crypto Trading Software Tools for New Investors

The 8 Best Crypto Trading Software Tools for New Investors

Are you a rookie trader who wants to have a right start? Then you have to be equipped with the necessary knowledge and relevant crypto trading software tools to build your crypto wealth. Although there are significant risks involved in this venture, don't doubt your capacity to succeed.

Unlike years before, beginner traders nowadays can have a great start. That's because of the many developments coming in the crypto sphere.

Let us look at some of the most popular and promising crypto trading tools and software in 2020. These platforms could help you make the right investment decisions and take the right trading actions.

8 Best Crypto Trading Software Tools for Starters:

Altrady

“Making Crypto Traders' Lives Easier”

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Best Crypto Trading Software

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Altrady is a Netherlands based multi-exchange cryptocurrency trading platform with advanced crypto tools for managing trades, monitoring markets, and keeping track of portfolios across different exchanges.

Altrady Features

Traders can connect their exchange API keys to the Altrady crypto trading software to enjoy the following features:

  1. An all-in-one crypto trading platform that can integrate multiple exchanges so that users can place their buy and sell orders on the Altrady dashboard without the need for opening all their exchange accounts;

Altrady Services

Altrady Fees

Altrady does not have trading fees. Users only pay for plan subscriptions with different pricing for each package:

  1. Binance Img

"The World's Leading Cryptocurrency Exchange"

Binance is considered as the largest crypto exchange platform in the world based on trading volumes. Its daily trading volume goes over $2 billion. This cryptocurrency exchange also processes over 1.4 million trading transactions per second.

Binance Features

Binance Services

Binance Fees

  1. Bittrex Img

"Global Leader in the Blockchain Revolution"

Bittrex is a Zurich-based cryptocurrency exchange platform that provides an institutional-grade experience for beginner and professional traders. It operates within the European region's blockchain framework that requires compliance to KYC (Know Your Customer) and AML (Anti Money Laundering) policies.

Bittrex Features

Bittrex Services

Bittrex Fees

  1. Poloniex. Img

"The Legendary Crypto Asset Exchange"

Poloniex is among the top cryptocurrency exchange platforms and is registered in Seychelles. It allows trading of digital currencies using secure technology.

Poloniex Features

Poloniex Services

Poloniex Fees

Poloniex has a tiered trading fee structure, which is based on the average 30-day trading volume of the user. For the lowest tier, maker fees are about 0.15% while taker fees are about 0.25%. This significantly goes does as the trading volume increases.

  1. Coinbase Pro Img

"The Most Trusted Platform for Trading Cryptocurrency"

Coinbase Pro is formerly known as GDAX and was established in 2015. It is owned by Coinbase, a California-based digital currency wallet and exchange platform that was founded in 2012. It allows individual users to trade a variety of cryptocurrencies on a secure and insurance-backed exchange.

Coinbase Pro Features

Coinbase Pro Services

Coinbase Pro Fees

Coinbase Pro's trading fees are based on a tiered structure that is dependent on the 30-day USD trading volume. The highest fees go around 0.50% for both maker and taker. This rate decreases as trading volume goes up the ladder.

  1. KuCoin. Img

"Safe Bitcoin Transactions Start on KuCoin"

KuCoin is among the most popular crypto exchange platforms and was launched in 2017. This Hong Kong-based exchange has over 5 million registered users from more than 200 countries and regions. Its institutional investors include IDG Capital and Matrix Partners.

KuCoin Features

KuCoin Services

KuCoin Fees

KuCoin trading fees are dependent upon the membership level of the trader. This is determined by the different criteria such as 30-day trading volume on KuCoin, 30-day trading volume on KuMEX, 30-day holding of KCS, and average 30-day total assets.

Trading fee rate for members of the lowest tier is 0.1%. This can go as low as 0.013% for maker fees and 0.04% for taker fees as soon as the user reaches the highest membership level.

  1. Kraken Img

"We Put the Power in Your Hands to Buy, Sell and Trade Digital Currency"

Kraken was established in 2011 by Jesse Powell and is recognized to be among the oldest and highly respected Bitcoin exchanges in the world. It is known for offering a high level of security and deep liquidity.

Kraken Features

Kraken Services

Kraken Fees

Kraken follows a tiered fee schedule that is based on the 30-day trading volume of users. The highest rates are 0.16% for maker fees and 0.26% for taker fees. These fees are charged on a per-trade basis and discount tiers are assessed after every trade.

  1. Coinigy Img

"Ultimate Cryptocurrency Portfolio Management Suite"

Coinigy is a Milwaukee-based crypto exchange and wallet management platform that was established in 2014. It was built with the goal of easily accessing global financial markets of the future.

Coinigy Features

Coinigy Services

Coinigy Fees

Coinigy has different pricing schemes for each of their plans:

Choosing from the Best Crypto Trading Software Tools

Even with this summary of the main features and services of the 8 best crypto trading software tools, you could still ask yourself, "Which one should I use?"

The answer would depend on many factors such as the following:

We hope that you enjoyed reading the 8 best crypto trading software tools for new investors in the cryptocurrency space.

Remember, the first steps in your trading journey will determine your success in the future. Make the right decisions and use the right tools!