Since Bitcoin began in 2009, it has made great headway and has birthed an entire industry. This digital asset is bringing about pioneers and entrepreneurs who think about parallel computing over centralized cloud computing. They think about free speech over censorship in all aspects of the world.
It also brings about different financiers, exchange platforms, and traders who want to participate in the rise of Bitcoin. They want to take advantage of the strength and speed of the Bitcoin growth curve and want to form a base of support with regard to the digital asset and overall systems.
That is why you are seeing firms such as Trality come out with their own products to make trading Bitcoin and other digital assets as simple and accessible as possible. These products can help to provide you with a more automated view of how you approach Bitcoin and other cryptocurrencies within an ecosystem.
Here is a review that covers everything you need to know about Trality’s comprehensive bot offerings and why you should consider using them to automate your crypto trading portfolio.
⌛ Time in Business
Trality was founded in Vienna, Austria in 2019 by CEO Dr. Moritz Putzhammer and CTO Christopher Helf. The firm was able to start developing its product, testing it, and building to the place where it felt it was time to release the product.
It has an active social media presence and seeks to ensure that it keeps users and other parties up to date on the market and the progress of its product. It has two flagship offerings, a two-sided Bot Marketplace for investors and creators as well as a Python Bot Code Editor.
Trality offers some of the most advanced bot creation tools. It also has a profitable Marketplace with bots for all investor levels, risk tolerances, and market conditions. Unlike other crypto trading bot platforms, you won’t find Trality’s trading bots anywhere else, making them exclusive to the company and its users.
💡 Reputation
Based within the European Union (Austria), Trality has a solid reputation within the crypto community as many people speak highly of the brand and what it offers. Online reviews of the platform are positive, praising their tech, customer support, and vibrant Discord community.
That indicates that this provider does have a stellar reputation and is perceived as a trustworthy entity. Indeed, one would certainly want to have a trustworthy entity when dealing with digital asset funds.
Further one can see that it has a strong reputation because it was able to raise over 1.5 million euros from a respectable entity within the cryptoverse. Trality was able to raise funds from Blockrocket and use those funds to continue its mission to grow and foster private and proprietary machine learning tools for those who seek to create more automated crypto trading products.
The Austrian firm will continue to work to hold its stellar reputation so it can move forward and deploy further solutions that matter. Indeed, bot producers will likely be a key asset to the speculation industry moving forward.
TOP TRADING BOTS
👌 Exchanges Supported
The marketplace is able to support a few of the leading entities within the cryptocurrency sector. Remember that one can form an automated bot system, deploy it for simple real-time trading and enjoy speculation on their specific choice.
At the moment, Trality supports Binance, Binance.US, Bitpanda, Coinbase Pro, and Kraken. Trality is actively adding additional exchanges, so keep an eye out.
💰 Price
Trality provides a simple free plan for you to get started with the platform. After you test it out and realize that you appreciate what it has to offer, then you can move forward and go with their paid plan.
They offer several tiers for individuals.
Pawn
Trading volume is at a small level, tick interval is at 60m, you can take advantage of one live bot, one virtual bot, log retention, and an infinite amount of backtests. This is free.
Knight
Trading volume is at a higher level. You can take advantage of a 30m tick interval, two live bots, two virtual bots, log retention for a month, and unlimited backtests. This will cost you around 9.99 Euros/month.
Rook
This has a higher trading volume. You can take advantage of a 5m tick interval, then you can take advantage of five live bots, five virtual bots, have log retention for six months, and have unlimited backtests. It will cost you 39.99 Euros/month.
Queen
You can have access to unlimited trading volume. The smallest tick interval is 1m. You can have access to ten trading bots, ten virtual bots, unlimited log retention, and unlimited backtests.
Of course, there are prices for the yearly option for each of these pricing plans, offering a savings of over 19% with the yearly option.
😎 Ease of Use
Trality is all about providing tools to investors looking to rent profitable bots quickly and easily, OR those who love to code, create strategies, and trade. If you fall into either category, you will appreciate this platform and its overall ease of use.
Their automated investment solutions are simple and efficient for beginners, advanced users, and everyone in between. As they write on their website,
“Having realized the hard way that most retail investors had few viable options for investing their hard-earned cash, Trality’s co-founders set to work building a dedicated platform on which everyone could benefit from advanced automated trading systems. After all, Wall Street has been raking in record profits for decades thanks to automation. Why shouldn’t everyone else benefit?”
We couldn’t agree more.
⚙️ Settings Available
The Trality Marketplace
If you’re looking to rent bots without having to bother with coding them yourself, then you might want to check out Trality’s Bot Marketplace. They offer a wide range of bots for all types of investors and all types of market conditions.
One of the nice things is that they offer clear data on how each bot is performing, and they even give you some basic information about the bot creator so you know a bit about who is behind the code. All of this makes renting crypto trading bots a more reassuring experience.
Anyone interested should explore their bots, which include arbitrage, margin, grid, intraday, & index-tracking bots as well as automated trend-following and reversion strategies. Trality guarantees that its creators’ bots are exclusive to them.
Code Editor
Their other flagship feature is their Python Code Editor. You can take advantage of the Code Editor and produce your automated computer helpers to aid you in your cryptocurrency trading journey. Trality is happy to announce that it has the leading browser-based Python tool for automated bot creation.
Those who are proficient in Python can work with the firm’s tools to create Python bots that work for them. You can create bots with extremely sophisticated or simple strategies quickly and easily since Trality’s Code Editor is really well designed, flexible, and intuitive.
You can rest assured in the fact that they are simple, secure, and very reliable. Users appreciate the debugger and the wonderful libraries that range from NumPy to TAlib. Trality already has different templates that are already prepped and ready for you to take advantage of.
Backtesting and Paper Trading
You do not want to go into the market in a blind way. That is why Trality has backtesting, paper trading, and its proprietary Optimizer to help you to understand how to trade effectively. It is fast, secure, and simple.
It is all about working with your browser, absorbing great deals of historical information, candle information, and overall testing execution. Users can take advantage of many scenarios that range from custom time frames and algorithmic testing.
Did you know that backtest history is saved? That means that you can always look back at the information, depending on your pricing plan.
🛡️ Security
Yes, your funds certainly matter. That is why Trality makes it to where your fund safety is a core priority. That means that it will do whatever it can to ensure that your funds are extremely safe.
The firm states that it does not have direct contact with your funds. Your bots, via their platform, will send signals and they will execute on the exchange itself. The funds are on the exchange and your API keys will always be in a specific state that you do not have to worry about withdrawal.
Remember that all bots and algorithms will have full sandbox states. Unlike other crypto trading bot platforms, Trality has never had any security breaches.
👨💻 Customer Support
You can reach out for support in a number of ways. They have a dedicated Helpdesk and their Discord channel is a great place for questions or concerns. Trality is also active on social media platforms such as Twitter and YouTube. User reviews seem to praise their prompt responses.
💸 Profitability
As Trality says on their website, Wall Street has been using automated trading strategies for decades. Why shouldn’t retail users be doing the same thing?
Bitcoin is an intriguing phenomenon as it goes up in value and then has an eventual decline before coming back up in value again at an even greater level. The frequency of its price gyrations makes it a compelling trading opportunity on the way up and on the way down. Indeed, its atypical nature genuinely fascinates many people.
The profitability of your strategy and overall automated algo helper will rely on your understanding of the market and the different ways that you approach the market. You are bound to make a profit if you are reading the market correctly and placing yourself accordingly.
But it will take some understanding, studying, and knowledge on your part.
Sure, you can always get better and increase your chances of profitability. But do not automatically think that you can increase your overall gains because you have automation.
You must ensure to take it slow, steady, and understand the markets before positioning yourself for your trades.
📢 Conclusion
You should certainly check out Trality and use it. At least give it a try and see how it can work for you. Their Bot Marketplace makes the process of renting profitable crypto trading bots quick and simple. And if you change your mind, you can always stop renting a bot at any time. At the very least, you are bound to learn quite a few aspects and be able to make gains if you apply yourself.
That is the key here with this platform, you must ensure to apply yourself and make it to where you do a fantastic job of pushing forward every single day. If you are able to stay committed and dedicated to this program, then you can learn many things, and figure out how to proceed further in your activities.