Best Bitcoin & altcoin trading platforms of 2020: What will help you turn a profit
The Bitcoin and altcoin markets are advancing every year with more volume, more institutional investors, and more mature tooling to help us with our trading. Now more than ever there is a tool to help with every type of crypto trading strategy, and you’d be a fool to not explore what’s out there and see what can help you gain an edge.
Since the bull run of 2017 we’ve seen a ton of awesome projects grow and improve over time. Arbitrage, day trading, automated trading bots, market indexes, decentralized exchanges: regardless of your trading strategy and goal, there’s something to help. Let’s take a look at what’s available in 2020 and what will help you turn a profit.
Crypto day trading platforms
Coygo Terminal
Your all-in-one digital asset insights, arbitrage & trading solution. Coygo Terminal provides real-time data insights, arbitrage scanning and one-click arbitrage trading, a trader-focused alternative to CoinMarketCap called Coygo Screener, simplified transfer, cross-exchange portfolio tracking, and a whole lot more. Coygo Terminal has a focus on real-time data, which is of utmost importance for day trading. Best of all, since it’s a desktop application your exchange account credentials (API keys) are only stored encrypted on your hard drive, Coygo’s servers never have access to your accounts.
Price: $17/month, $155/year
Coinigy
Take your portfolio to the next level with the ultimate cryptocurrency portfolio management suite. Coinigy offers automatic portfolio tracking, real-time charts, price alerts, and a number of apps and third party integrations. A web-based platform, Coinigy requires you to give your exchange account credentials (API keys) to their servers so that they can manage your accounts.
Price: $18.66/month billed annually ($223.92/year)
Crypto & Bitcoin arbitrage platforms
Coygo Terminal
If you’re looking to try your hand at crypto or Bitcoin arbitrage, Coygo Terminal’s Arbitrage 2.0 offering is second-to-none. You can scan arbitrage spreads in real-time with the lowest possible latency due to your machine getting a direct connection to each exchange’s websocket feed, Coygo’s servers don’t act as a middle man. Submit pre-configured trades to two exchanges simultaneously with One-Click Trading, and easily transfer crypto between exchanges with Rapid Transfer to act on an opportunity as quickly as possible. You can learn more about how to profit from crypto arbitrage trading with Coygo Terminal on their blog post.
Price: $17/month, $155/year
ArbiTool
ArbiTool is a cryptocurrency market scanner that scans exchanges and compares cryptocurrency prices on various exchanges in search of price differences. Then the results show to the user, showing where he can buy low and where he can sell the same currency high for a profit. ArbiTool is only a price scanner so you’ll still have to figure out how to quickly configure and submit your orders and transfers yourself.
Price: Varies depending on number of active users. $59.99month, $539.99/year as of writing.
Automated crypto trading bots
Gunbot
Automate your trading to get better and more consistent results. What sets Gunbot apart from other bots are the innovative strategies, speed, extreme flexibility and awesome user community. Gunbot runs on your own computer so there’s no need to trust a cloud service, and you can choose from preset strategies for beginners or build your own custom trading strategy.
Price: Gunbot Standard is 0.05 BTC ($486 as of writing), Gunbot Pro is 0.075 BTC ($730 as of writing), Gunbot Ultimate is 0.125 BTC ($1,216 as of writing).
Crypto market indexes
HodlBot
HodlBot is a customizable cryptocurrency trading bot that enables users to index the market, create custom portfolios, and automatically rebalance their cryptocurrency portfolios. Connect your exchanges, create a custom strategy or choose from a list of existing strategies for portfolio allocation, and HodlBot will automatically rebalance your portfolio as prices change to maintain the target allocations that you’ve defined.
Price: $3/month when account value is under $500. $6/month when account value is $500-$1,000. $14/month when account value is over $1,000.
Decentralized exchanges (DEXs)
Totle Swap
Totle aggregates decentralized exchanges and synthetic asset providers into a suite of tools that makes it easy to access deep liquidity for DeFi assets at the best price. Essentially, Totle will split up an order into a number of orders on multiple DEXs and trade pairs via a smart order router to ensure that you’re getting the best possible price when buying an asset on a DEX. Totle Swap is their web app that lets you submit orders across DEXs.
Price: Free, their main revenue is through selling access to their Totle API to application developers.
Bisq
Bisq is an open-source, peer-to-peer application that allows you to buy and sell cryptocurrencies in exchange for national currencies. No registration required. Bisq isn’t a tool like the other things on this list, it’s a full-fledged decentralized exchange. It merits its own mention because it allows users to connect their bank accounts and trade fiat (like USD) for Bitcoin. Most DEXs are only between ETH and ETH tokens, so having the option to trade right from your bank account to Bitcoin on a truly decentralized exchange is a great change of pace.
Price: Free, although you do pay trading fees.
Did we miss anything?
There are truly so many fantastic bitcoin and altcoin trading platforms out there in 2020. No matter what your goal is, there’s something for you. What’s your favorite tool to help with trading? Let us know in the comments below!
