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Top 4 crypto derivatives exchanges in 2024

October 29, 2024August 2, 2024 by rohanizaz809@gmail.com

How Derivatives Trading Works

Derivatives trading involves buying or selling of financial contracts which derive their value from performance of underlying assets like Bitcoin (BTC). Unlike spot trading where traders buy or sell the assets, derivatives trading allows traders to speculate on the future price movements of asset without directly owning it. BTC futures contract is a popular derivative used for trading, allowing traders to speculate on the future price of BTC. It can generate profit or loss depending on market conditions and price movements of BTC.

There are certain terms to consider when trading futures contracts, such as futures price, contract size, underlying asset, and expiration date. When a trader buys a BTC futures contract, he is agreeing to buy or sell the BTC at predetermined price known as futures price upon the contract expiration. Traders have two options: they can either sell the contract before the expiration date to close their position or allow the contract to be automatically settled at expiration.

At the time of buying contract, you do not own the underlying BTC. Instead, you are entering into an agreement to buy Bitcoin at a predetermined futures price at the contract’s expiration. You can close your position by selling the contract before expiration. Your profit or loss depends on the difference between the futures price (the price at which you agreed to buy BTC) and the market price of BTC at the time you close the contract or at expiration.

Selecting the Best Derivatives Exchange

Many crypto exchanges support both spot and derivatives trading though not all derivatives products may be available on every platform. When selecting a crypto exchange specifically for derivatives trading, consider several key factors: platform security, trading tools, risk management tools like stop-loss orders, leverage options, portfolio management features, and supported contracts. Risk management tools such as stop-loss orders, are very helpful when trading contracts. Additionally, analytics tools play a crucial role in making informed trading decisions. This review explores the top derivatives exchanges with robust security features, and comprehensive trading tools.

Deribit

Deribit is a sophisticated derivatives exchange designed to streamline derivatives trading by offering advanced tools. It provides a diverse range of derivatives products including futures, perpetuals, and options contracts, and known to have the largest share in BTC options market. Deribit’s Options Wizard is an innovative tool that helps users find the best options trading strategy based on their price prediction. Another valuable tool is position builder which allows users to create and view multiple portfolios, enabling the execution of advanced trading strategies.

In addition to derivatives trading, Deribit supports spot trading for users who want to swap cryptocurrencies. The platform offers deep liquidity for both spot and derivatives assets, enhancing trading efficiency. To build trust and ensure security, Deribit has implemented a proof of reserves system and has earned an ISO security certificate, reflecting its commitment to robust security practices.

BitMEX

BitMEX is a professional derivatives exchanges that provides deep liquidity for several contracts. Features such as fee discounts, and VIP services make this platform an attractive option for both spot and derivatives traders. The transaction fees are low compared to most of the derivatives exchanges. Users can get further discounts on fees by using BMEX, the native coin of BitMEX ecosystem.

Although the platform was launched in 2014, it introduced more features which expanded the BitMEX ecosystem. In 2016, it launched BTC perpetual swap contracts, leverage options, advanced order types, and introduced BMEX token in 2021. Interestingly, platform offers 100x leverage on some of its derivatives products.

Bybit

Bybit is a versatile cryptocurrency exchange offering a diverse range of spot and derivatives assets. Users can efficiently trade both spot assets and derivatives contracts, benefiting from advanced tools such as a unified trading account and various order types, including limit and conditional orders. The platform provides up to 100x leverage on perpetual contracts, allowing traders to amplify their positions. Bybit’s unified trading account enables users to execute options, perpetuals, and futures strategies seamlessly.

For derivatives trading, Bybit offers two notable trading bots: the futures grid bot and the futures martingale bot, which automate trading processes. Additionally, Bybit provides DeFi services like staking. The platform is known for its industry-leading security measures, ensuring a safe and convenient trading experience.

OKX

OKX is an advanced crypto exchange that supports both spot and derivatives trading. It is particularly suited for experienced traders who employ advanced trading strategies. The platform features a well-structured and unified trading interface, enabling both automated and manual trading. OKX offers several advanced order types, including conditional orders, which are valuable for automating the buying or selling of contracts based on predefined criteria.

Additionally, OKX provides trading bots such as futures grid and futures DCA, designed to exploit specific market conditions for potential profit. Overall, OKX delivers a comprehensive trading experience for both spot and derivatives trading.

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Kucoin review 2024: Trading Experience and All Features

September 13, 2024July 30, 2024 by rohanizaz809@gmail.com

KuCoin: Maximize Your Trades with Competitive Fees and Rewards

Kucoin is a leading crypto exchange that provides access to around 700 tradable coins in spot market. The platform also supports derivatives and margin trading and provides seamless experience for traders and investors. In addition to manual trading, it also provides trading bots which can be used for sophisticated trading strategies. Professional traders can leverage all these tools to grow their crypto portfolio.

Apart from trading services, Kucoin also offers staking and investment products which we will explore in detail in this review. Launched in 2017, this crypto exchange now has over 30 million users from 200 countries in the world.

Pros and Cons

Pros	Cons
Around 700 tradable coins	Can be difficult for beginners
Wide range of derivatives contracts	Not regulated in some regions
Supports several trading bots like spot, futures and infinity grid
Staking products and structured investment products also available

Trading Fees

Kucoin takes decent fees for spot and futures trading. The fee structure also depends on monthly trading volume and VIP level. At higher levels, users pay less fees. Here’s the fee structure for spot trading:

VIP Level	Amount of KCS Held	or	Spot Trading Volume – USDT (Last 30 Days)	or	Futures Trading Volume – USDT (Last 30 Days)	Maker/Taker	Pay Fees with KCS (20% off) Maker/Taker	24h Withdrawal Limit (USDT)

LV0	<1,000	or	<3,000,000	or	<5,000,000	0.100% / 0.100%	0.080% / 0.080%	1,000,000
LV1	≥1,000	or	≥3,000,000	or	≥5,000,000	0.090% / 0.100%	0.072% / 0.080%	3,000,000
LV2	≥10,000	or	≥6,000,000	or	≥8,000,000	0.075% / 0.090%	0.060% / 0.072%	3,000,000
LV3	≥20,000	or	≥13,000,000	or	≥16,000,000	0.065% / 0.085%	0.052% / 0.068%	5,000,000
LV4	≥30,000	or	≥35,000,000	or	≥40,000,000	0.045% / 0.065%	0.036% / 0.052%	5,000,000
LV5	≥40,000	or	≥55,000,000	or	≥60,000,000	0.035% / 0.055%	0.028% / 0.044%	10,000,000
LV6	≥50,000	or	≥100,000,000	or	≥120,000,000	0.025% / 0.045%	0.020% / 0.036%	10,000,000
LV7	≥60,000	or	≥180,000,000	or	≥200,000,000	0.015% / 0.042%	0.012% / 0.0336%	15,000,000
LV8	≥70,000	or	≥250,000,000	or	≥300,000,000	0.010% / 0.040%	0.008% / 0.032%	15,000,000
LV9	≥80,000	or	≥350,000,000	or	≥400,000,000	0.000% / 0.040%	0.000% / 0.032%	30,000,000
LV10	≥90,000	or	≥550,000,000	or	≥600,000,000	0.000% / 0.030%	0.000% / 0.024%	40,000,000
LV11	≥100,000	or	≥750,000,000	or	≥800,000,000	-0.003% / 0.025%	-0.003% / 0.020%	50,000,000
LV12	≥150,000	or	≥950,000,000	or	≥1,000,000,000	-0.005% / 0.025%	-0.005% / 0.020%	60,000,000

Trading Experience

The spot trading interface is not very beginner-friendly. New investors may struggle with the trading tools and features. The trading platform provides a comprehensive set of tools and resources for traders to execute spot trades efficiently. For fostering advanced strategies, it also provides several advanced order types such as OCO, trailing stop, advanced limit and more. In the single platform, you can switch to manual trading or bot trading. Chart comes with various tools and technical indicators that can be used in technical analysis.

Kucoin also provides wide range of futures products such as USDT-margined contracts, USDC-margined contracts and coin-margined contracts. Kucoin offers high liquidity and efficient order matching system which provides seamless experience for derivatives traders. Furthermore, Kucoin supports several trading bots including spot grid, futures grid, infinity grid and margin grid, smart rebalance and DCA bots. Each bot has built-in strategy aimed to exploit the crypto market conditions to generate profits.

Other Features

While Kucoin provides exceptional trading services, it also excels in other investment products specifically designed for those who want to earn passive income with crypto holdings. These include staking, lending, savings account, and advanced investment products like Shark Fin and Snowball.

You can stake a variety of coins such as USDT, AVAX, KCS, BNB and more to earn yields. You can also invest your assets in Shark Fin products, which offer principal protection and the potential for higher yields. Shark Fin products use call option contracts to generate returns based on the investor’s market predictions.

Customer Service and Satisfaction

Kucoin provides customer support through multiple channels such as live chat, and email. It also provides a comprehensive FAQ section and guides which can be helpful if users have specific queries or problems.

There are around 32 reviews about Kucoin on G2 which makes it overall rating 2.9 out of 5. Many customers seem to admire the availability of wide range of coins, low trading fees, security features, and smooth trading experience. On the other hand, some customers complain about poor customer support, and account problems.

Company Overview

Kucoin company was developed by Michael Gan and Eric Don in 2017. They had the vision to provide a secure and convenient environment for crypto trading. Subsequently, KCS token was also launched as native coin of Kucoin exchange that can be used for discounts on transaction fees. In 2019, Kucoin also launched margin trading service. With multiple developments aimed at expanding Kucoin’s ecosystem, the user base also grew significantly. Now, Kucoin has around 30 million users from 200 countries in the world. Kucoin company is currently based in Seychelles.

Top 5 Instant Exchange Platforms in 2024

September 13, 2024July 28, 2024 by rohanizaz809@gmail.com

How Instant Exchanges Work

Instant exchanges streamline trading by eliminating the need for order book system. Unlike spot trading platforms that rely on order book system for matching buy and sell orders, instant exchanges facilitate immediate transactions. They use internal systems for aggregating liquidity and for instant matching of orders. This enables fast trade execution at current market prices.

Once traders choose a specific crypto pair and cryptocurrency they want to purchase, they can select fixed rate or floating rate. After entering the amount to be purchased, the user confirms the transaction. The instant exchange platform then processes the trade, executing it quickly and recording it on the blockchain. Internal systems handle the trade execution and charge a specific fee.

Usually, instant exchanges charge higher transaction fees compared to traditional crypto exchanges. Platforms like ChangeNow also supports mobile app, providing a beginner-friendly interface for swapping cryptocurrencies.

Top 5 Instant Exchanges

When selecting an instant exchange, ensure the platform has robust security, a good reputation, a wide range of supported cryptocurrencies, and a user-friendly interface. Although instant exchanges typically charge higher fees, some platforms offer competitive rates.

While most of the exchanges do not require user account, some of them may require KYC process. You can connect your crypto wallet or directly purchase crypto using the payment methods available on the exchange to get started.

SimpleSwap

It is popular instant exchange specifically developed to simplify the swapping of cryptocurrencies. It allows swapping of over 500 cryptocurrencies at both fixed, and floating rates. With its user-friendly interface, beginners can easily swap cryptocurrencies. Being a non-custodial platform, it does not store users’ crypto but only processes the transaction. By joining the loyalty program, users can also earn BTC cashbacks for every exchange they make.

Unlike traditional crypto exchange, it does not require any sign up. Users only need to connect their crypto wallet to the platform to start swapping crypto. Additionally, you can also purchase crypto using multiple payment methods such as credit, debit cards, or bank payments. SimpleSwap is suitable for both beginners and expert investors.

ChangeNow

It is a non-custodial instant exchange used for swapping cryptocurrencies. ChangeNow uses the liquidity provided by 10 CEXs and DEXs to facilitate trades and ensures competitive rates. It supports around 700 coins and a wide range of trading pairs. Users can start swapping crypto without any sign up. ChangeNow also provides mobile app for android users.

You can also utilize the Pro service which offers 3 plans which can be used for earning cashback rewards. Free plan is also available offering 0.1% cashback rewards and unlimited crypto loans.

StealthEx

It is a beginner-friendly crypto exchange that allows instant swap of cryptocurrencies. StealthEx also does not require any account registration or KYC process. Users can exchange any amount of crypto but are required to pay network fees. It supports swapping of over 1400 assets. The vast range of supported cryptocurrencies makes this platform worthy for exchanging crypto.

In addition to the swapping services, StealthEx provides educational resources to help users understand the process better. For any issues or queries, they also provide customer support via email.

Changelly

It is one of the oldest instant exchanges used to swap cryptocurrencies. Both desktop platform and mobile app are available to facilitate swapping of coins. Changelly supports wide range of crypto assets and allows instant exchange of these assets through its user-friendly interface. It is non-custodial platform which means crypto are not stored on platform. Just like all instant exchanges, it also charges network fees although it does not charge any additional fees. This platform aims to provide seamless experience for users looking to exchange crypto efficiently.

Unlike traditional crypto exchanges that may offer advanced trading features, Changelly focuses on instant exchange service.

SwapSpace

It is another user-friendly instant exchange that supports a diverse range of crypto assets and pairs. For instance, it supports 1750 coins at best market rates. Interestingly, SwapSpace also displays swap offers with competitive rates and time duration. It aggregates liquidity from 30 partners which includes popular centralized exchanges, and other instant swap services. Both fixed and floating rate options are available. SwapSpace is a convenient and secure platform for users looking to swap cryptocurrencies quickly and without the hassle of account registration. Its non-custodial nature and support for a wide range of digital assets make it an attractive option for both beginners and seasoned traders.

Crypto.com Review 2024

September 5, 2024July 26, 2024 by rohanizaz809@gmail.com

Crypto.com: The Most Secure Crypto Exchange

Crypto.com is a popular crypto exchange used for spot, derivatives and margin trading. It offers comprehensive ecosystem for crypto investors. There are over 350 tradable cryptocurrencies and 21 assets for staking. Alongside browser platform, mobile app is also available which is user-friendly and suitable for beginners. Interestingly, platform offers high-speed trading and deep liquidity.

Crypto.com is considered the most secure crypto exchange because of its regulatory compliance and security certifications. The platform has millions of users around the world. Its focus on regulatory compliance and global expansion has strengthened its position as a prominent crypto exchange.

Pros and Cons

Pros	Cons
350+ tradable cryptocurrencies	Higher fees without CRO staking
Mobile app also available
Crypto staking to earn rewards
Crypto visa card for earning cashback rewards
DeFi wallet also available

Trading Fees

The fees are high for users who have not staked CRO. Traders with monthly trade volume below $250,000, pay 0.075% fees. They can get discounts by staking CRO. Here’s the complete detail of the transaction fees without CRO staking:

TRADING VOLUME	MAKER FEE	TAKER FEE
Less than $250,000 (Level 1)	0.075%	0.075%
$250,000 to $1 million (Level 2)	0.07%	0.072%
$1 million to $5 million (Level 3)	0.065%	0.069%
$5 million to $10 million (Level 4)	0.06%	0.065%
Above $10 million (Level 5)	0.00%	0.05%

Trading Experience

Crypto.com provides complete set of trading tools for professional traders. Under the single trading interface, you can choose either trading bots or manual trade. The charting system comes with complete set of tools for technical analysis. By trading on Crypto.com, you can access multiple advanced order types such as OCO limit, OCO market, stop-loss limit, stop-loss market and others.

Crypto.com supports three types of trading including spot, derivatives and OTC trading. OTC portal provides competitive rates for large-volume trades. You can trade wide range of futures and perpetual contracts. Overall, the platform is suitable for trading in multiple markets.

Other Features

Apart from trading, Crypto.com offers many other interesting features. The platform offers staking service for users who want to earn passive income with crypto. Users can earn up to 19% APR. Currently, 21 assets which also includes stablecoin such as Tether, can be staked.

Crypto visa card is Crypto.com’s best feature specifically designed for those who want to use crypto for everyday purchases. This card provides cashback rewards depending on user’s CRO holding. Being a native coin of Crypto.com, CRO provides various incentives. You can get maximum cashback rewards for CRO staking of $400,000.

Another interesting feature is DeFi wallet that can be used for storing and swapping cryptocurrencies. It also provides access to various DeFi procotols.

Customer Service & Satisfaction

Crypto.com provides multiple channels for customer support. Customers can use the live chat feature or send emails if they have any queries or any problem. Additionally, Crypto.com educational resources are also very helpful for customers.

On G2, there are 13 reviews about Crypto.com which makes the overall rating 4.2 out of 5. Most customers seem to admire various products like visa card, and native token like CRO, ease of use, and diversity of tradable assets. On the other hand, some customers also complain about slow speed of the application.

Company Overview

Crypto.com company was founded by Bobby Bao, Kris Marszalek, and Rafael Melo in 2016. Originally named as “Monaco”, the company rebranded to Crypto.com in 2018. Initially, it focused on crypto trading services, but later evolved into a cryptocurrency ecosystem and now provides multiple financial services. The platform also offers margin and derivatives trading. Crypto.com also partnered with Shopify in 2022 to enable merchants to take payments in cryptocurrency.

Crypto.com has also registered with FinCEN organization as a Money Services Business. This crypto exchange is regulated in many regions such as Europe, and Australia. The platform has sustained robust security measures and earned security certifications.

Binance Trading Bots Review 2024

November 5, 2024July 23, 2024 by rohanizaz809@gmail.com

How Binance Trading Bots Work

Apart from manual trading, Binance also allows automated trading with complete customization. Users can utilize spot grid, futures grid, and Arbitrage, Rebalancing and Algo Order bots. All these bots are designed to capitalize on specific market conditions to generate profits. But the profitability often depends on the parameters set by user, and timing of trades. Each bot has built-in trading strategy.

Spot grid bot executes buy or sell orders in specific price range. Futures grid also uses that strategy with the only difference that it deals with futures contracts rather than assets. Binance’s arbitrage bot is different from other arbitrage bots. It works by taking opposite positions on two different markets such as spot market and futures market. The bot exploits the funding rate difference to make profit.

Pros and Cons

Pros	Cons
Diverse range of trading bots	Can be overwhelming for beginners
Both manual configuration and AI-based configuration available	Bots are not immune to market risks
Template strategies also available
Fast trade execution
Auto-invest feature which uses DCA strategy

Trading Experience

On the trading interface, you can select various bots including spot grid, futures grid, Arbitrage, Rebalancing, and Algo Order. By utilizing the advanced charting tools, and technical indicators, users can gain insights to set the bot parameters. Specifically in case of grid bot, users can manually configure the price range, and number of grids or use AI-based configurations which are decided by AI. Additionally, they can also copy pre-built templates all of which have varying Return-On-Investment (ROI). Some of these templates have more than 50% ROI. Although these can be profitable but same results are not guaranteed due to dynamic nature of crypto market.

Apart from bot trading, Binance offers auto-invest feature that utilizes DCA strategy to generate profits. This feature allows users to set custom auto-investment plans for regular purchases. Users can choose:

Single Token Plan: For investing in one cryptocurrency.
Portfolio Plan: For investing in multiple cryptocurrencies.

Some of the purchased crypto are automatically deposited into Simple Earn, where they can generate interest. Auto-invest feature helps users benefit from both price appreciations and interest earnings.

Profitability and Risks

Despite the mitigation of human error and boosting investment performance through strategy-based trading, profits are not always guaranteed. Spot grid bot can face losses in case of continuously declining markets. DCA strategy also requires stable price movements or long-term upward trends, but it may not perform well during high volatility. Moreover, setting parameters for bots require expertise in strategy-based trading.

Both spot grid and DCA bots can generate good profits if asset’s price has stable movements. The profitability of arbitrage bot is only affected if price discrepancy between different markets is decreasing. Binance provides the option to launch multiple bots to diversify your investment which can potentially increase the profits. Despite having your bots set up in optimal market conditions, monitoring the trade performance is also important.

Concluding Remarks

Binance supports both manual trading and automated trading, offering various trading bots for executing different trade strategies. Futures traders can utilize Binance’s unique futures grid bot, which is not widely available on other platforms. Specifically for automated futures trading, Binance is suitable platform. Users can also leverage templates to simplify bot setup. Profitability mostly depends on bot parameters, prevailing market conditions, and bot’s underlying strategy. Crypto assets with stable price movements or long-term upward trend are better for investment. Remember that this overview is not financial advice, as market conditions can vary for different individuals.

The Best Trading Bots to Maximize Profits

November 5, 2024July 21, 2024 by rohanizaz809@gmail.com

How Different Trading Bots Work?

Trading bots are algorithms that execute trades at fast speed based on predefined parameters. They utilize real-time market data provided by APIs and data feeds to gain awareness of market conditions and employ order book system to assess market liquidity, determining optimal price for entering or exiting a trade. While all trading bots work by using these tools, they differ in their respective strategies. For example, DCA bot utilizes DCA or Dollar Cost Averaging strategy which involves buying or selling assets in specific quantities at regular intervals to reduce effect of price volatility on investment. Similarly, grid bot operates within a price range enabling traders to capitalize on optimal price points.

They also enable high-frequency trading, which is not possible through manual trading. These bots work with minimal latency and execute trades in milliseconds, reacting to market conditions and placing orders instantaneously. In contrast, manual trading involves small delays which can lead to lower profits.

Grid Bot Review

This trading bot is well-suited for beginners who are just getting started with automated trading. Unlike long-term strategies which can be sophisticated, grid strategy allows traders to take benefit from short-term price movements in both directions. You select a specific price range such as $50,000 to $60,000 for BTC, if current price is fluctuating around $54,000. If you use grid spacing of $1000, the bot will place buy orders at $53,000, $52,000 and $51,000 and sell orders at $56,000, $57,000 and $58,000.

It’s important to note that bot does not execute trades if price of asset goes outside the predefined range. This strategy is similar to day trading, where you focus on short-term price movements within a specific range.

Various dedicated platforms such as 3Commas provide grid trading bots. You can also use crypto exchanges like Binance and Pionex for automated grid trading. On Binance and Pionex, you can either manually configure the parameters or let the AI decide the optimal parameters for you.

DCA Bot Review

It is a bot that uses Dollar Cost Averaging (DCA), which is one of the most popular trading strategies. In this strategy, a large investment is divided into smaller parts all of which are bought or sold in specific intervals. The effect of price volatility is spread across these small investments. If big investment is done at single time, it can lead to bigger losses. That’s why, DCA strategy is very effective in reducing the impact of price volatility.

The profitability of a DCA bot depends on long-term price trends. The bot purchases assets at regular intervals, regardless of the asset’s price at the time, which averages out the cost of the investment. The strategy works best when the asset’s value is gradually increasing over time. By consistently buying assets at lower price points during downturns and selling at higher prices during uptrends, the bot generates profits.

Arbitrage Bot Review

Arbitrage bot leverages multiple markets rather than focusing on single market. It uses price discrepancies between different markets or different exchanges to generate profit. The amount of profit earned depends largely on size of price discrepancies. For example, if BTC costs $55,000 on exchange A and $55,250 on exchange B, the bot would purchase BTC from exchange A and sell at exchange B, resulting in profit of $250.

Arbitrage trading can be challenging without the use of bots because manually executing trade can be slower and price discrepancies may disappear before trade is executed, resulting in missed profit opportunities.

Managing The Risks

While bots are very effective in achieving higher returns on investment by capitalizing on high-speed trading and built-in strategies, there remains chances of losses if market keep moving unfavourably. That’s why, doing a technical analysis prior to automated trading is crucial. It is also important to define risk tolerance and set specific loss limits to protect long-term profits.

Understanding potential price movements, and defining risk limits, help in setting effective parameters for bot trading. An important tool you can leverage is simulated trading, which allows you to gain experience and see how your trading bots would perform under different market conditions.

Top 4 Trading Bots in 2024

November 5, 2024July 20, 2024 by rohanizaz809@gmail.com

Manual Trading vs Automated Trading

Automated trading has become popular in the recent years due to the advantages it provides. Key benefits include fast trade execution and the ability to trade at high frequency which many traders find advantageous. Automated trading systems or trading bots utilize built-in strategy and execute trades automatically based on predefined parameters. This allows fast and efficient trade execution often in milliseconds.

In contrast, manual trading requires you to manually place orders. The trade execution speed can be slower in this case. Automated trading also comes with its own risks. In volatile and declining markets, a bot may continue executing trades based on predefined rules which can lead to losses if market moves unfavourably. Automated trading is considered as rule-based trading because it involves specific strategy. This also eliminates human errors, or any decisions based on emotion.

Top 4 Trading Bots

Trading bots utilize real-time data provided by APIs and data feeds to make trading decisions. Different platforms offer varying degree of customization for the bots. Some platforms allow you to set specific technical indicators for your trade strategy while other platforms require minimal configuration for the bots. When choosing a trading bot platform consider factors like security, ease of use, customization and flexibility, costs and performance, and reputation. In this article, we review different trading bot platforms.

Coinrule

It is an automated trading platform that allows investors to create and deploy trading bots without coding knowledge. The user-friendly interface allows beginners to easily navigate the platform. Free plan is also available for those who are just getting started with automated trading.

Coinrule currently offers 250+ trading strategies. Users also have the option to create their own strategy. Apart from free plan, there are three other plans with advanced features. The Hobbyist plan and Trader plan are priced at $29.99 and $59.99 respectively and provide advanced features such as multiple connected exchanges, advanced indicators, copy trading and more. While the Pro plan costs $449.99 with better features. Additionally, Coinrule also allows backtesting of strategies.

3Commas

It is a popular platform used for automated trading. 3Commas provide comprehensive set of trading tools including trade bots, portfolio tracking tool, and others. This platform is suitable for experienced traders who have sound knowledge of various trading strategies. Through 3Commas, users can also access trading signal marketplace and use specific signal for their bot.

3Commas provide DCA, grid and signals bots for specific trade strategies. You can also monitor the performance of trades executed by bots through the dashboard. 3Commas support popular crypto exchanges like Binance, OKX, Bitfinex, Bybit and others. Free plan is also available with limited features. All paid plans are affordable and give access to multiple bots.

Shrimpy

Shrimpy is one of the best platforms for automated portfolio management. You can run automated trades and also test different trade strategies. The platform is easy to use and gives a comprehensive dashboard. This platform empowers traders by enabling them to manage multiple virtual portfolios. Smart rebalancing feature and DCA strategies are also available. One thing that sets Shrimpy apart from other platforms is the smart order routing which provides the best rates for traders. Free plan is also available along with paid plans. For automated trading especially automated DCA strategy, Shrimpy is a good option.

Cryptohopper

It is trading bot platform suitable for both beginners and experienced traders. It can be used for automated trading and portfolio management. Social trading option is also available for those who want to copy other professional traders. Users can set specific trade bots with predefined parameters. Moreover, you can connect to multiple exchanges and easily manage your portfolio. Cryptohopper also supports trailing orders specifically designed to lock on profits or reduce losses.

If you are unaware of how strategies work, you can utilize the paper trading feature to simulate trades to gain experience. You can also backtest strategies. And lastly, Cryptohopper’s strategy designer can be useful for creating your own custom strategy using a combination of technical indicators without coding.

Trust Wallet Review 2024

November 4, 2024July 17, 2024 by rohanizaz809@gmail.com

Overview of Trust Wallet

Trust Wallet is a DeFi wallet that can be used for storing, swapping and staking cryptocurrencies. Being a self-custody wallet, it gives users full control over their private keys. Although it is managed by centralized authority like Binance but enables decentralization of funds due to its non-custodial nature. Multiple payment options are available including credit/debit card and bank payment to purchase crypto.

This wallet is one of the most secure crypto wallets whose open-source code has also been independently audited by industry experts. It has around 100 million users most of which came from Binance. Crypto exchange’s large user base has helped boost its popularity.

Pros and Cons

Pros	Cons
Supports millions of crypto assets across 100 blockchains	Limited customer support
Access to staking service	Does not support 2-Factor Authentication
User-friendly interface
Strong security

How Trust Wallet Works

Being a decentralized application, Trust wallet interacts with multiple blockchains. Each blockchain independently manages the transaction data while Trust wallet stores private keys on user’s device. Using the private key, user can access his funds across different blockchain networks. The private keys are used to sign transaction and to prove ownership of crypto assets. If device is lost, then seed phrase is used to recover your wallet account and regenerate the private key.

Once a user downloads the browser extension or mobile app and signs up, a new wallet is generated with a set of private keys and seed phrase (recovery phase). He can manage coins across blockchains like Ethereum, Bitcoin, BSC and others. To make a transaction, user enters the crypto amount and recipient’s address. The transaction data is recorded on the blockchain. Furthermore, Trust wallet’s partnership with payment providers also enables purchase of crypto within the app.

Trust wallet have maintained community-driven nature of the platform just like other decentralized applications. New updates and improvements are regularly added with community feedback and suggestions. Recently, blockchain support has expanded and includes new blockchains like Moonbeam, Mantle, Neon, ThunderCore, etc.

Features

The top feature of Trust Wallet is its extensive cryptocurrency support. It supports millions of crypto assets across 100 blockchains. You can also access a diverse array of tokens. Currently, 24 coins are available for staking with good APR rates. Not only you can store and swap coins but you can also earn passive income by staking.

Trust wallet provides efficient swapping of crypto at low gas fees and the best rates. Interestingly, the distribution of orders on multiple DEXs offer slippage protection. Moreover, you can purchase crypto with over 100 fiat currencies at the best rates. Trust wallet’s DApp browser allows users to interact with these applications.

Security

The backing from Binance, provides Trust wallet the industry-leading security features. Multiple tools including monitoring systems, encryption technologies, and cloud backups, ensure safety of the application. Moreover, users can connect a hardware wallet with Trust wallet which adds additional layer of security. The platform is also independently audited by multiple auditing firms to identify any vulnerabilities in code. Trust wallet also runs a Bug bounty program to incentivize people to identify security vulnerabilities.

Concluding Remarks

Trust wallet is a reliable crypto wallet with versatile utility. It provides access to millions of crypto assets and NFTs. Apart from storing and swapping crypto, users have ability to stake their coins to generate passive income. Trust wallet’s DApp browser is one of the best features. Overall, Trust wallet is a good option if you plan to store crypto. The industry-leading security provided by Binance ensures the safety of application. While the web-based nature of this wallet does not completely eliminate chances of hack, but safety on software and network level is achieved. Users can also connect their hardware wallet with this wallet to increase security of their funds.

Gemini review 2024 – Trading Experience and All Features

November 5, 2024July 15, 2024 by rohanizaz809@gmail.com

Gemini: Beginner-Friendly Crypto Exchange

Gemini is one of the best user-friendly crypto exchanges. It is suitable for new crypto investors who want to manage their crypto assets. Professional traders take benefit of its Active Trader, an advanced trading platform. Gemini supports over 100 crypto assets and multiple derivatives products for trading. Specifically for large-volume traders, it offers Over-The-Counter (OTC) trading service.

This US-based crypto exchange is regulated by New York State Department of Financial Services (NYSDFS). This crypto exchange is a very secure and reliable platform for normal and institutional investors.

Pros and Cons

Pros	Cons
Beginner-friendly interface	High trading fees
Derivatives products also available	Small range of tradable assets compared to other crypto exchanges
Users can stake crypto
Crypto credit card

Trading Fees

Gemini offers different fee structure for simple platform and Active Trader. Simple platform has relatively higher fees compared to Active Trader and the fees amount vary depending on the order size.

WEB ORDER AMOUNT – USD	TRANSACTION FEE¹ – USD
≤ $10.00	$0.99
> $10.00 but ≤ $25.00	$1.49
> $25.00 but ≤ $50.00	$1.99
> $50.00 but ≤ $200.00	$2.99
> $200.00	1.49% of your Web Order value

And the fee structure for Active Trader is based on monthly trade volume rather than individual order size.

30-DAY TRADING VOLUME IN (USD NOTIONAL)	TAKER FEE	MAKER FEE
0	0.40%	0.20%
≥ $10,000	0.30%	0.10%
≥ $50,000	0.25%	0.10%
≥ $100,000	0.20%	0.08%
≥ $1,000,000	0.15%	0.05%
≥ $5,000,000	0.10%	0.03%
≥ $10,000,000	0.08%	0.02%
≥ $50,000,000	0.05%	0.00%
≥ $100,000,000	0.04%	0.00%
≥ $500,000,000	0.03%	0.00%

Trading Experience

The Gemini exchange which is tailored for beginners has a simple interface and allows them to easily execute trades. They can also set recurring buys and view their portfolio. The only disadvantage of using this simple platform is the high fees. On the other hand, Active Trader is tailored for professional traders who want to execute custom trades like stop-limit orders. It provides advanced charting, technical indicators, and order book visibility. Unlike other crypto exchanges, Active Trader has fewer order types including limit, stop-limit and market.

Gemini’s spot trading services are available in the US, but derivatives trading is not available in US, UK or EU. Users from other countries can trade perpetual contracts with up to 100x leverage and enjoy fast trade execution speed.

Other Features

Gemini provides many other features including staking service, credit card, and a NFT marketplace all of which allow users to earn crypto. One of the downsides of staking on Gemini is that it provides only 3 assets for staking. Also, stablecoins are not available for staking. The credit card is one of the top features of Gemini that provides cashback rewards whenever you spend your crypto. Users do not have to pay any annual fee and can take benefit of world-class security of Gemini. And lastly, NiftyGateway is Gemini’s NFT marketplace where users can trade NFTs or digital art.

Customer Service & Satisfaction

Gemini does not provide multiple channels for customer support like live chat, email, and phone support. Customers can use the request form to submit a complaint if they have any issue. Gemini offers good amount of educational material specifically for the queries of customers.

On G2, Gemini got 17 reviews and overall rating of 3.7 out of 5. Customers seem to admire the user-friendly interface, high liquidity, credit card feature, and security of the platform. On the other hand, some customers complain about poor customer support, and restriction of services in some regions.

Company Overview

Gemini Trust Company was founded by two American investors, Cameron and Tyler Winklevoss in 2014. The crypto exchange is available in all states of the US. This crypto exchange is considered one of the most regulated crypto exchanges because of its adherence to highest level of capital reserve requirements and banking compliance standards. Gemini is also registered with FinCEN as money services business and complies with AML regulations. The industry-leading security of Gemini has also helped it earn SOC 1 Type 2 and SOC 2 Type 2 certifications. That’s why, Gemini is a very reliable crypto exchange for spot trading and other crypto-related services.

Top 5 crypto wallets in 2024

November 5, 2024July 13, 2024 by rohanizaz809@gmail.com

Overview of Self-Custody Wallets

DeFi wallets make decentralization of funds possible which means funds are not controlled by central authority. Users have full control over their private keys and manage their funds. Unlike custodial wallet which is integrated into crypto exchange and do not give access to private keys, self-custody wallet is not integrated into any trading platform. You can use such wallet on any DeFi platform like NFT marketplaces, and DEXs.

In the recent years, multi-chain functionality has also become popular feature of crypto wallets. Multi-chain wallets allow users to manage cryptocurrencies from different blockchains in a single interface. In this review, we explore features and reliability of top 5 multi-chain wallets.

Choosing the Best Wallet

The DeFi wallets are web-based wallets connected to internet. Without robust security measures, they can be hacked. That’s why researching about security measures like encryption technologies, multi-signature support and network security of wallet providers is necessary to ensure you choose a reliable wallet. The supported crypto assets, multi-chain functionality, user-friendliness, DeFi integration and reputation are other important factors to consider when choosing a crypto wallet. Here are the top 5 multi-chain wallets:

Trust Wallet

Trust wallet is one of the most popular crypto wallets with multi-chain access. Mobile app is also available so users can manage their assets from their smartphone. The reason we consider this as the top wallet is its vast blockchain support. Trust wallet supports 250,000 cryptocurrencies across 65 blockchains. Its user-friendly interface makes it easy to use for beginners. Users can manage their assets through a single interface.

You can send, receive, swap and stake wide range of coins and tokens. Another interesting feature is the ability to view and manage NFTs. Initially, this wallet was developed by Trust Wallet B.V but later acquired by Binance. Company utilizes strong encryption, security audits, monitoring systems, and bug bounty program to maintain the wallet security. Overall, it is a very good option for new and experienced traders.

MetaMask

It is a popular multi-chain wallet used to manage crypto assets. It mainly supports EVM-compatible blockchains like Ethereum, Binance Smart Chain and other networks. It is available as browser extension and mobile app. It provides access to wide range of Ethereum-based tokens and staking service. Its user-interface is more technical than beginner-friendly.

Metamask has also publicly revealed the security audit reports by security experts which proves its dedication to the security of platform. Moreover, it can also be integrated with hardware wallets which can further enhance security. Metamask is a good option for those who want to manage Ethereum-based tokens.

Coinbase wallet

It is a reliable crypto wallet developed by Coinbase company. It supports wide range of cryptocurrencies and provides access to decentralized applications. Its user-friendly interface makes it a good option for beginners. Its industry-leading security also makes it a reliable wallet. The prominent feature is its integration with Coinbase exchange which allows users to transfer funds to the exchange for trading. Beginners can also use the educational material provided by the Coinbase specifically about the wallet’s functionality.

For transactions, users pay the network fees which can vary depending on network congestion. Moreover, despite being self-custodial wallet allowing users the full control over their private keys, its still managed by centralized company which may be subject to regulatory compliance.

Crypto.com wallet

It is another popular wallet developed by crypto.com. Users who trade crypto on crypto.com can use this wallet for storing and transferring assets. This wallet also provides access to many decentralized applications and support NFTs. It supports 36 blockchains and 700 tokens. It can be considered one of the top wallets with diverse blockchain support. Being integrated with crypto.com exchange, users can easily transfer funds between exchange and wallet allowing them to benefit from centralized services of the exchange.

When using this wallet, you have the option to choose preferred network fee and confirmation speed. If you are a crypto.com trader, this wallet would be a good option.

Gemini wallet

It is a beginner-friendly crypto wallet that enables users to manage their assets. Users can store, withdraw and swap coins easily. This wallet was developed by Gemini which also operates crypto exchange. It supports over 100 cryptocurrencies and provides staking service. Users can stake coins to earn rewards while also having the ability to manage these assets. This wallet supports 8 blockchains and is considered very secure. Gemini traders can use this wallet for trading crypto while also taking advantage of high-security standards of Gemini. The intuitive user interface makes it very easy to use which is its top feature.