When looking for new cryptocurrency trading tools, you might have noticed the Altrady name. While comparatively unfamiliar in the world of highly popular trading bots, Altrady does have glowing reviews from those who have utilized its solution.
So what exactly is Altrady? How does it work? And most importantly, what does it offer in exchange for its pricing? To help you answer these essential questions, this Altrady trading bot review guides you through the platform.
⌛ What is Altrady and How Long Has It Been in Business?
Altrady is a trading platform that lets you buy, sell, and manage your cryptocurrency with a suite of additional tools. These tools include but are not limited to portfolio management, live analytics, and automated trading bots. These additional features make it a bit different from conventional trading bots that only offer basic automation for cryptocurrency trading.
Based out of the Netherlands, Altrady was launched in mid-2019. This makes it a seasoned platform that has established its name with multiple years in service. Over this time, Altrady has introduced several features to its user base that aim to make cryptocurrency trading and management easier.
Altrady’s list of features includes but is not limited to the following.
Automated Trading
This allows users to utilize approaches such as dollar cost average (DCA), entry time expiration, and take profit orders to buy and sell cryptocurrency. By trying out different parameters, you can automate your trading activities while also emulating your personal trading preferences and style. This is by far Altrady’s most prominent feature that shares its similarity with other trading bots.
Portfolio Management
Unlike many other trading bots that only buy and sell cryptocurrency, Altrady’s portfolio management feature enables you to keep an eye on your overall cryptocurrency portfolio. With the help of data visualization through charts and graphs, you can easily determine how to distribute your wealth among different cryptocurrency assets. This goes a long way toward aiding your trading decisions.
Trading Analytics
Altrady packs a slew of assessment features that let you stay on top of your trading performance. Through these functionalities, you can learn if your assets are growing by trading or holding, and also determine which exchange or market is the right fit for you. A host of additional features lets you make decisions that are based on hard data. This adds quite a bit of strength to your trading skills.
Aggregate News
Altrady uses different news channels to deliver cryptocurrency news right through the trading tool itself. This helps you keep your finger on the pulse of the cryptocurrency industry and gives you the power to stay informed about the ins and outs of the sector. By keeping market developments in mind, you can also make beneficial decisions about your portfolio and trading.
While going through this set of features and looking at the other offerings that Altrady has in store, it is easy to determine that on paper, the trading platform has what it takes to cater to your requirements. But in order to see if the features are actually helpful, it is important that you learn other aspects of the Altrady review.
💡 How Reputable is Altrady?
Altrady was launched over 3 years ago. This gives it quite a positive standing among newer trading bots that do not claim the same longevity. However, the service runs short of amassing a huge following for its operations. Instead, it continues to hold a low profile that doesn’t come close to many of its more famous rivals.
While the platform offers a range of trading cryptocurrency tools instead of only delivering automated trading bots, it still has to prove itself against other, more popular trading bot solutions. It is because trading bots are the crown jewel of Altrady, and comparing it to a service that only offers portfolio management or market analysis does not offer a level ground for its own solutions.
When it comes to the Altrady community, there is minimal to no activity on Reddit. However, its Telegram and Discord channels are active, with the latter having nearly 5,000 members to its name. Out of these individuals, those who use Altrady on a consistent basis often have positive things to say about it.
On the other hand, expert reviews for Altrady also lean towards the positive end, with critics praising its interface and functionality. But despite these highly favorable commentaries, Altrady still lags behind in terms of cultivating significant buzz.
With that being said, it still stands tall with its comprehensive solution that doesn’t seem to have a barrage of negative reviews. This makes Altrady a good solution for anyone who is looking for an intuitive and powerful trading bot that doesn’t come with a bunch of red flags attached to its name.
This also makes this section of the Altrady trading bot review rule in the platform’s favor. But it is crucial that you know its overall value proposition before you move forward with choosing it as your primary trading platform.
👌 Which Exchanges Does Altrady Support?
Altrady supports several cryptocurrency exchanges. These include the following platforms.
- Binance
- Bittrex
- Bitvavo
- ByBit
- Coinbase Pro
- FTX
- Gate.io
- HitBTC
- Huobi
- Kraken
- KuCoin
- OKx
- Poloniex
Across these exchanges, you can perform a slew of actions that include but are not limited to buying and selling cryptocurrencies, analyzing active markets, and managing your portfolio. This allows you to perform your trading activities according to your preferences, at a platform of your liking.
However, it is crucial to note that while many of these exchanges enable you to participate in spot, futures, margin, and options trading, Altrady only supports spot and futures trading. This means that if you are looking for a bot that supports margin or options trading, you will have better luck elsewhere.
Apart from this one note, Altrady’s overall extent of support for these exchanges paints a picture of a remarkable experience. This makes it a good choice for fresh and seasoned traders alike.
💰 How Much Does Altrady Cost?
Altrady has different pricing options in place, which offer you the flexibility to choose a plan that fits your budget. At the time of writing, you can also save up to 30% of your total subscription cost if you choose to be billed annually. This means that if you pay upfront for 12 months, you can avail this discount.
All of these bots also come with a 14-day free trial offer, which gives you sufficient time to perform your own Altrady opinion.
There are three Altrady packages that offer different levels of support and features. In addition to this, a signals-only bot is also available.
Basic
- Monthly Billing: €24.95/month
- Annual Billing: €17.47/month
This is the starter tier that offers almost all features that are available on the platform. It comes with 1 signal and 1 grid bot, as well as 50 active price alerts. However, it doesn’t have the base scanner or quick scanner features.
Essential
- Monthly Billing: €44.95/month
- Annual Billing: €31.47/month
This is the mid-level tier that includes everything in the Basic package, as well as the base scanner and quick scanner functionalities with 20 active rules and 2% price change for the latter. You can also get 5 signal or grid bots, as well as 250 active price alerts.
Premium
- Monthly Billing: €79.95/month
- Annual Billing: €55.97/month
This is the top-level tier that maximizes the number of offerings that the mid-level Essential package brings to the table. It increases the quick scanner instances to 50 active rules and 0.1% price change; offers 25 signal or grid bots; as well as 500 active price alerts.
Signals Only
- Monthly Billing: €12.95/month
- Annual Billing: €9.07/month
As outlined by the name, this is a signals-only bot that offers base scanner signals across different options.
These include:
- Axion
- Anny Bot
- Le-Trader
- Nefertiti
- Zignaly
- Trailing Crypto
These different packages are great for those who need some flexibility in their budget. With the free trial offer, you also have the ability to test what Altrady brings to the table before you start paying for these solutions.
😎 How Easy to Use is Altrady?
Altrady has an intuitive user interface (UI) that is also visually appealing. This makes the platform quite easy to use for those traders that have a little experience with trading cryptocurrencies and managing their portfolio. However, those who have never used a cryptocurrency trading platform may find themselves going through a learning curve in order to use the solution.
But performing a fair Altrady review and seeing that cryptocurrency trading requires everyone to go through some sort of learning journey, this requirement doesn’t reflect badly on Altrady. To its credit, Altrady’s easy UI, data visualization, and learning resources make this experience quite a breeze. This once again adds to Altradys’ overall value proposition and makes it stand out from many other bots that lack the required efficiency in these departments.
Altrady’s learning resource, dubbed Crypto Training Academy, is full of different courses and guides that help beginners acquaint themselves with what cryptocurrency trading brings to the table. This includes system training as well as overall industry education. To make this learning process even easier, the academy section divides its lessons into different crash course videos.
Depending upon the subject, these videos range from a few minutes to a better part of an hour each. This is one of the biggest Altrady advantages, to the point that beginners should check out these crash courses even if they don’t intend on choosing Altrady as their primary trading platform.
Apart from the Crypto Academy, Altrady also offers quick text guides in terms of blog posts and documentation regarding the platform’s features. This also includes a knowledge base that allows you to find answers to important questions.
🛡️ What Kind of Security is Offered?
Altrady offers industry-standard security features that strengthen its overall status as a credible platform. This part of the review adds to the platform’s reliability as a trustworthy solution.
These offerings include two-factor authentication (2FA) and a web-based secure app that works in addition to downloadable applications. Instead of sharing your exchange account’s login information, Altrady also follows the established practice of connecting to exchange accounts through application programming interface (API) keys.
The 2FA feature lets you strengthen your account’s security by adding another layer of verification to your login. On the other hand, the option to either download the app to your operating system or use the web app through any browser also gives you more options to secure your login on personal and public computers.
The API key connectivity is nothing new in terms of cryptocurrency trading platforms. But it does make sure that you don’t have to share the login credentials for your exchange accounts with Altrady. This further adds to the platform’s credibility and allows you to make the most out of its offerings without compromising your security.
👨💻 How Good is Altrady Customer Support?
Altrady customer support mainly includes a live chat tool on its support website, where you can get quick answers to your questions and concerns. If you run into any issues, you can notify the team and have the relevant support personnel get back to you.
Altrady’s customer support doesn’t have any red flags over the web in terms of bad reviews. Their readiness is also apparent in the way they answer questions in the live chat. This signifies that Altrady’s customer support can be there for you when you need it.
In addition to these customer support channels, the availability of Altrady’s knowledge base and Crypto Training Academy can also help you find answers to many common questions. This adds to a pleasant experience and allows you to use the platform without running into frustrating dead-ends.
💸 How Profitable is Altrady?
Altrady does not make any specific claims about its profit generation, which is standard practice and also a recommended approach to cryptocurrency trading. It is because cryptocurrency is an unpredictable market that is still finding its footing, which is further complicated by rapid fluctuations in asset value.
Due to this reason, no one can predict exactly how much profit you can generate on a security of your choice. Any platform that does so is not telling you the truth and is likely after your money.
But Altrady does the opposite and ensures that it steers clear from tall claims about its profit generation mechanisms. However, the platform remains confident in its ability to make profitable trades and offers you to try its services through the 14-day free trial. This adds considerable points to the platform’s credit in this Altrady trading bot review.
📢 Conclusion
Overall, Altrady offers a strong solution to its users in terms of an intuitive suite of tools that is also packed with modern functionality. In order to determine if it is the right tool for you, you can enroll in the 14-day free trial and make an informed decision based on your firsthand experience.