If you are looking for a multi-exchange trading platform, our Altrady review might be worth reading for you. It’s a popular choice, but there’s a lot to unpack before deciding if it’s right for you. In this guide, we’ll share insights based on our research into the platform. We’ll look at what Altrady does, who it’s ideally for, and some of the pros and cons you’ll want to weigh.
Key Takeaways:
- Altrady is a cryptocurrency trading platform that simplifies trading across multiple exchanges, provides advanced charting and analysis tools, and offers features for portfolio management and automated trading strategies.
- Altrady stands out with its powerful automated trading bots (including grid and DCA bots), highly customizable market scanners, in-depth trading analytics, and price alerts.
- It offers a tiered subscription model with a free paper trading plan (for practice) and paid plans for live trading, including a Basic plan (€17.47/month), an Essential plan (€31.47/month), and a Premium plan (€55.97/month).
Altrady Overview: At a Glance
| Type | Crypto Trading and Portfolio Management Tool |
| Website | https://www.altrady.com/ |
| Founded | 2017 |
| Supported Crypto Exchanges | 17+ |
| Pricing | Free paper trading, a Basic plan (€17.47/month), an Essential plan (€31.47/month), and a Premium plan (€55.97/month) |
| Key Features | Portfolio tracking, smart trading, QFL base screener, API trading, signal bots, and price alerts |
| Mobile App | Android and iOS devices |
| Customer Support | Live chat and email |
What is Altrady?
Altrady is a powerful crypto trading platform designed for multi-exchange cryptocurrency traders. It is made to be useful for all types of traders. If you are a day trader, there are scanners to track prices and market movements in real-time. If you use trading bots (automated trading programs), it lets you build bot strategies and implement them easily. And for the investors who like to plan ahead, Altrady offers features to track your crypto portfolio and see how well your investments are performing.
The core concept of Altrady is to perform trades on multiple exchanges from a single dashboard. You can easily link your accounts from crypto exchanges like Binance, Coinbase, KuCoin, Bybit, and more. They even have advanced tools like the “QFL/Base Scanner” to spot potential trading opportunities and a “Quick Scanner” to find fundamentally strong coins.
The platform is also designed to be easy to use, even for those with limited experience. Plus, they have tons of guides and a blog to help traders of all levels understand the market, develop strategies, and maximize their profits.
Pros of Altrady
- You can connect to over 17 spot cryptocurrency exchanges and 3 futures trading exchanges
- It offers features like smart trading orders (take profit, stop loss, trailing stops), market orders across multiple exchanges, and a portfolio tracker.
- It provides technical analysis tools, customizable charts, and market scanners
- You can set up price alerts and get important notifications to respond to market movements quickly.
- Highly secure API integration and 24/7 customer support
Cons of Altrady
- Only offers paper trading with the free version
- The wide array of tools and features can feel overwhelming for beginners
Altrady Review: Main Features
Multi-Exchange Trading
Altrady’s core feature is the ability to trade across multiple cryptocurrency exchanges. This means you can buy and sell cryptocurrencies on 17 different exchanges from a single interface. You get these benefits:
- Unified View: See your holdings, orders, and trade history across all connected exchanges in one place.
- Single Point of Execution: Place orders on any supported exchange without juggling multiple platforms.
- Smart Order Routing: Altrady can automatically find the best prices and order execution routes, potentially saving you money.
Trading Bots
Altrady offers several types of automated trading bots to help you implement your strategies without requiring constant monitoring:
- Grid Bots: Ideal for range-bound markets. These bots buy low and sell high within a predefined price range, profiting from small price swings. Altrady’s grid bots offer extensive customization for fine-tuning your strategy.
- Signal Bots: These execute trades based on external signals, which can be technical indicators or alerts. The bot automates buying or selling based on pre-configured rules.
- DCA Bots (Dollar-Cost Averaging): A strategy designed to mitigate volatility. DCA bots make regular, scheduled purchases of a cryptocurrency over time, smoothing out the impact of price fluctuations.
Portfolio Tracking
One of the main benefits of the Altrady portfolio tracker is that it automatically pulls in your trading data. You connect your various exchange accounts through API keys and Altrady does the rest.
It constantly updates your balances and even tracks the progress of your open trades. This eliminates the need for you to manually update spreadsheets or jump between exchange dashboards, saving you a load of time.
The portfolio manager presents your data in a clear and organized way. You get an overview of your entire portfolio, the value of your holdings, and how much of each cryptocurrency you own.
You can also see how your investments are performing over time, understand which coins make up the majority of your portfolio, and identify which exchanges hold the most of your assets.
Paper Trading
For beginners, Altrady’s paper trading serves as a training ground. You can learn to navigate the platform, understand different order types, and experiment with technical analysis tools. Since there’s no real money on the line, you have the freedom to make mistakes and learn from them without financial consequences.
You’ll see how your strategy performs in different situations and make adjustments as needed. Additionally, if you’re considering trying a trading bot, paper trading provides a safe way to configure and test the bot’s performance before using it with your real funds.
Note: Altrady offers paper trading for free.
Real-Time Price Alerts
You can set alerts for when specific cryptocurrencies hit target prices, helping you react quickly to buy or sell opportunities. You will easily get notified when your orders are filled, positions are closed, and other important trade events occur.
You can receive your alerts via desktop notifications, mobile push notifications, and even email for maximum flexibility.
QFL Crypto Base Scanner
Altrady’s Crypto Base Scanner works by identifying price points where buyers typically step back into the market after a significant price drop. These price points are known as “bases”.
The core idea behind the scanner is that if the price falls below a base, it’s likely to bounce back due to renewed buying interest. This creates possible opportunities for buying low and selling high.
The Crypto Base Scanner builds on the principles of the QFL (QuickFingersLuc) trading strategy. Altrady provides an in-built scanner based on the same logic as the original QFL method. You’ll find bases marked on your exchange charts as either “uncracked”, “cracked”, or “respected”, with additional data on the typical price drops and rebounds for each base.
The scanner is highly customizable. You can set notifications to trigger when a base is “cracked” and certain criteria are met.
Trading Futures in Altrady
Currently, Altrady supports futures trading on three crypto exchanges.
- Binance Futures: USDⓈ-M in One-way mode
- KuCoin Futures: USDT derivatives
- Bybit Futures: USDT derivatives
You’ll need a separate trading account within Altrady specifically for a futures exchange.
Trading Analytics
Altrady’s Trading Analytics feature is designed to help cryptocurrency traders assess their performance on different exchanges. Here’s a breakdown of its key functionalities:
- Trade-Based PnL Calculation: Altrady automatically calculates your profit or loss (PnL) on every completed trade. This gives you a real-time understanding of your performance on individual trades.
- PnL by Account, Exchange, or Market: Altrady allows you to analyze your PnL across different categories. You can see how your performance varies between exchanges, trading accounts, and even specific cryptocurrency markets. This helps you identify which areas are performing well and where you might need to adjust your strategy.
- Evaluate Overall Performance: Altrady helps you understand if your portfolio growth is coming from buying and holding or from actively trading. This sheds light on the effectiveness of your trading strategy.
Multicharts
Instead of flipping between tabs or windows, you can see the price action of various cryptocurrencies on a single screen. It allows you to customize the layout of your workspace. You can drag and drop charts to different positions, resize them, and add or remove markets as needed.
This gives you more control over your trading environment and lets you focus on the assets that are most important to you.
Altrady Pricing: Is it Free?
Altrady offers a flexible subscription-based pricing model starting at €17.47/month. Free Plan is only available for paper trading. Each plan includes smart trading, unlimited DCA bots, and portfolio tracking, with varying levels of additional features based on the subscription tier.
Here is the full overview:
| Features | Free(€0.00/month) | Basic(€17.47/month) | Essential(€31.47/month) | Premium(€55.97/month) |
| Smart Trading | ✓ | ✓ | ✓ | ✓ |
| Signal/Grid Bots | 2 | 2 | 5 | 25 |
| DCA Bots | Unlimited | Unlimited | Unlimited | Unlimited |
| Portfolio Tracking | ✓ | ✓ | ✓ | ✓ |
| Price Alerts | 50 | 50 | 350 | 1000 |
| Base Scanner | ✘ | ✘ | 20 active rules, 2% price change | 50 active rules, 0.1% price change |
| Data Export | ✘ | ✘ | ✘ | ✓ |
Altrady Security Review
Altrady is highly secure with various security measures such as:
- API Key Encryption: It encrypts your API keys within the trading software itself and then stores the encrypted version on its servers. To unlock and use the keys, you’ll need your five-word passphrase – a bit like a master password for encryption. This ensures that even if someone gains access to Altrady’s servers, your API keys remain protected.
- Whitelist IP Addresses: This feature restricts API key access to specific IP addresses. Altrady provides a list of their server IP addresses. You can then copy this list and add it to your chosen cryptocurrency exchange’s API settings. Once implemented, only requests originating from those whitelisted Altrady server IPs will be able to utilize your API key. This significantly reduces the risk of unauthorized access, as any attempt to use your API key from a different IP address would be denied.
Additionally, Altrady emphasizes the need for strong passwords and two-factor authentication (2FA). While they securely encrypt your password, a complex one makes breaches less likely. 2FA adds another layer of defense by requiring a code (usually from an app or SMS) on top of your password.
Altrady Mobile App
The Altrady app is available on both Android and iOS devices. It allows you to stay connected to the market wherever you are. You can receive real-time price alerts, monitor your portfolio performance, and even execute trades directly from your phone. This means no more missed opportunities or frantic rushes to your computer to react to market movements.
The app has a user-friendly interface, making it easy to navigate and find the information you need. You can quickly check current prices, analyze charts, and set up those important trading signals to guide your strategies. Additionally, the app connects to 17 major cryptocurrency exchanges, allowing you to trade on multiple platforms from one convenient location.
Altrady Customer Support
Altrady offers a variety of avenues for customer support that you can find directly on their official website. Here’s a closer look:
- Knowledge Base: This is a core part of Altrady’s support system. It’s a comprehensive, searchable collection of articles and tutorials designed to help you find answers on your own. This covers everything from getting started basics to advanced trading topics.
- Live Chat: If you need more personalized assistance, it provides a live chat feature on its website. Support staff is available to answer questions, troubleshoot issues, and guide in real-time. This is especially convenient for immediate problems or technical difficulties.
- Email Support: Altrady offers email support for those who prefer a traditional communication channel or for issues that require more in-depth explanations. You can submit a detailed request and expect a thorough response from their team within 1-2 days.
Altrady Alternatives
| Features | Altrady | Coinigy |
| Portfolio Tracker | Yes | Yes |
| Multi-exchange Trading | Yes | Yes |
| Signal and Grid Bots | Yes | No |
| Supported Crypto Exchanges | 17+ | 43+ |
| Crypto Wallet Tracking | Yes | Yes |
| QFL/Base Scanner | Yes | No |
| Free Trial | Free Paper Trading | 7-day free trial |
| Price | €17.47/month and €31.47/month | $18.66/month and $99.99/month |
Conclusion
To sum up our Altrady review, the platform’s focus on unified trading, portfolio tracking, and market analytics makes it a compelling option. Its multi-exchange support and features like smart trading and grid bots cater to diverse needs. While the pricing structure might seem a bit steep for beginners, the platform’s extensive features could justify the cost.
If you are a trader who values efficiency, in-depth analysis, and the ability to react quickly to market shifts, Altrady is absolutely worth considering.
FAQs
How does Altrady work?
The Altrady’s working is based on its ability to connect with popular cryptocurrency exchanges like Binance, Coinbase, Kraken, and others. You provide Altrady with secure API keys, which are like special codes that grant it limited access to your exchange accounts. These keys allow Altrady to retrieve information such as your balances, order history, and real-time market data, but they don’t permit it to withdraw funds.
Once the connection with your exchanges is established, Altrady offers a unified dashboard where you can view and manage your trades across all markets.
Is Altrady safe?
Yes, Altrady is safe to use. They use encrypted connections to protect your data and emphasize that they never store your exchange API keys in plain text. Additionally, the platform offers two-factor authentication for an extra layer of protection. The API keys are also encrypted with a strong password.
Who owns Altrady?
Altrady was founded by Benoist Claassen. He is also the CEO of the company. With a background in software development and a passion for cryptocurrency, Benoist and his team created Altrady in 2017 to address the complexities often associated with crypto trading.
Is Altrady good for beginners?
Yes, Altrady focuses on providing a user-friendly interface, making it less intimidating for those new to crypto. The “paper trading” feature on Altrady is a significant advantage for beginners. It also provides tools that analyze market trends and offer signals to guide your trading decisions. These signals can be helpful for beginners in identifying potentially favorable buying or selling opportunities.
