Exchange and plug-in terminals for cryptocurrency trading
The trading terminal - the heart crypto exchanges. This is the part of the platform where users who dream of getting rich through cryptocurrency trading come. Crypto exchanges also work with third-party trading terminals that connect to crypto exchanges.
- 1. Exchange terminals
- 2. Top exchange terminals
- 3. Connected terminals
- 4. Top Connected Terminals
- 5. What terminals are better for trading?
- 6. reviews
Most traders have enough exchange terminals for trading, because the exchange has everything they need: basic indicators, different types of charts, stock charts, trading volume charts, stop-loss and take-profit instruments and other additional features, depending on the exchange. The functionality of most crypto exchanges is set up to allow anyone to trade. There are no tools that consume too many resources, so trading on the exchange does not slow down. As a rule, the larger the exchange, the more opportunities it can provide for trading. Small and little-known crypto exchanges do not have enough resources to host powerful trading terminals.
Top exchange terminals
Let's take a closer look at terminals from the top cryptocurrency exchanges.
Binance (go online) is the largest crypto-exchange today, which presents a powerful, functional, quite understandable trading terminal in several versions. It is available in a web version (Fig. 1) and can be downloaded.
The Exchange presents classic and advanced terminals and a terminal for trading with leverage (Margin). All types of terminals have a standard set of options and many settings. First of all, initially it is a bitcoin to dollar chart, which is located in the center of the terminal interface. Above it, you can see operational information on bitcoin value, its change every second online, change over 24 hours, maximum price over 24 hours, minimum price over 24 hours, bitcoin trading volume and dollar trading volume over 24 hours.
To the left of the chart there is a standard Binance market stack, a list of open buy and sell orders with prices and transaction volumes. Immediately below the chart there is a service for buying and selling cryptocurrencies with limits. At the bottom of the terminal interface is Binance's personal order history, and it contains information about open orders, order history, history of all completed transactions, and account balance. These are tabs, and you have to switch them to get the information. On the right side of the chart is the currency pair stack with changes in prices, the stack of completed transactions in the market in chronological dynamics, and under it is the section "Important changes in the market", which includes, for example, large sales of cryptocurrency.
The main working tool of the trader is the chart, which can be left in the basic version, choose the version TradingView or go to the depth chart. At the top there is a timeframe that can be changed, additional options are in the drop-down menu, trader technical indicators are also in the drop-down menu, which is displayed by clicking on the icon of the three lines. The TradingView version has a much larger selection of indicators. The advanced version contains the same toolkit as the basic version, but the main blocks are placed differently and some indicators are displayed separately in the leftmost column with symbols. Even the basic version of the trading terminal Binance requires time and effort to master. It is necessary to understand that such a stock market, use the basic indicators, evaluate the necessary timeframe, set limits. On the other hand, even the basic terminal is sufficient for the development and implementation of trading strategies at any level. You can see how the trading terminal works and evaluate its complexity and possibilities before you register.
Currency (go online) is one of the world's largest crypto exchanges. To get acquainted with the terminal, you need to register on the crypto-exchange with your residence address and phone number, but confirmation is not required. The trading terminal of the crypto-exchange (Fig. 2) is simplified, its main place is occupied by the service of buying and selling assets, including cryptocurrencies, which is made to simplify the purchase and sale of assets. It should be noted that the user gets to a real trading chart, it is not a demo mode. The button to switch to the demo mode is located in the far upper right corner and is called "Live".
Above the buy/sell service, there is a "Wallets" option with replenishment functions in currency tokens and cryptocurrencies. There are also additional tabs showing the status of the user's balance. The buy/sell service in the terminal allows you to select assets by actively traded, new, actively growing, actively falling and selected users. The leftmost column contains user sections, mostly not directly related to trading. The stock chart should be displayed by clicking on the inarticulate icon, which should indicate the chart lines, in the far right column. The chart for trading strategies is located in the lower half of the interface. It can be expanded to the full screen or work in its original form. It is not possible to change the cryptocurrency or other asset on the chart. It is possible to change the timeframe, assess the supply or demand, select the chart type (drop-down menu) from the most common, quite a lot of indicators and the drawing panel of lines. In general, the Currency terminal is quite understandable, you can quickly navigate there, find the necessary indicators and implement quite complex strategies, although the terminal looks more like an advanced service for buying and selling cryptocurrencies with the greatest profit.
Exmo (go online) - one of the leaders of the crypto market, you can study the trading terminal (Fig. 3) without registration. Initially, the terminal presents dynamics of bitcoin prices to the dollar. One third of the main page of the terminal is occupied by the chart with the last bitcoin price in dollars, price changes over the last 24 hours, maximum and minimum bitcoin price, bitcoin market volume in dollars.
The price movement chart is set in Japanese candlesticks by default, but you can change it by clicking on the icon of Japanese candlesticks at the top of the chart. There you can also change the timeframe and add indicators from a fairly large list to the chart. In addition, in the bottom left corner of the chart is a function to go to the TradingView website in order to use more advanced trading options. Some chart modification options are placed in the right column of the chart, indicated by symbols. The buy/sell asset service is located directly below the chart, and below it is the user's active orders and personal trading history. The currency pairs selection service is placed on the right side of the chart, the trading history of the whole market is located directly under it. The market depth is at the bottom, on the left side of the chart - and it is impossible to consider such a placement of the most important block for trading convenient.
ByBit (go online) (Fig. 4) - one of the largest crypto exchanges in the world, with all types of trading terminals which can be viewed without registration. You can immediately see that they are quite complex terminals to work with. In the drop-down menu you can choose charts for different cryptocurrencies, which is quite convenient because you can immediately focus on the desired assets. Without registration at the exchange, you can not only see how and what functions, but also choose the timeframe and indicators - the corresponding buttons are placed above the chart, which is presented in Japanese candlesticks. There is also in the properties of the chart you can select some additional tools - this tab is located next to the expansion icon of the chart full screen. The market depth is located on the right side of the chart, close to the center of the screen, which is convenient for a quick reaction to changes in the market situation. The last deals are shown separately in the lower part of the market depth. The user's deals data is placed at the bottom of the chart. Trading functionality of the exchange can be tested in a special section, which can be accessed under the registration service.
BitMEX (go online) is also one of the leaders in the global crypto market. You can get acquainted with the terminal (Fig. 5) in the "Trading" tab at the top of the main page. This terminal is visually the most compact and informative of all the presented ones, because the necessary analytical blocks are placed so that they are all visible at the same time. At the top of the terminal, you can select a cryptocurrency from the list of the most popular ones. The order book is placed close to the center of the screen, the chart is to the left of the stock ticker, the last deals are to the left of the chart. The personal history of deals is at the bottom of the chart. But placement of orders in the leftmost column of the terminal cannot be called convenient. First of all, verification is required. The default setting is to sell bitcoins for dollars. The price data is placed so that you have to scroll to the end of the page. The leverage offer is also placed here.
Cex (go online) - one of the key crypto-exchange, the terminal can be viewed without registration, go to it - in the drop-down menu "For traders" of the "Products" section. Before trading, the crypto exchange offers to buy bitcoins (Fig. 6). Cex offers a standard terminal with a minimum of functions, easy to understand. Most of the trading page is occupied by a Japanese candlestick chart with no additional tools except the timeframe. At the top you can select a cryptocurrency from among the most popular, a specific trading type and cryptocurrency, and the four most popular assets can be selected on the left side of the chart. Buy and sell service, stock market, trading history - everything is placed under the chart. The significant disadvantage of the terminal is its lack of compactness. It takes a lot of time to study the market situation, which can lead to poor results in the implementation of strategies, especially for short-term strategies on short timeframes.
Huobi (go online) presents a number of standard trading terminals (Fig.7), the work of which can be evaluated without registration. The terminals are designed for spot trading, futures, and so on. In the center of the terminal there is a chart which can be switched to the TradingView chart or to the market depth chart. There are trading tools for the TradingView chart. Below the chart is the asset buy/sell service, personal transaction history - open orders and previous orders. To the right of the chart is the history of deals, to the right - the stock market. There are a lot of features in the market depth. The disadvantage of the functionality can be considered a small chart on which the data overlap, and the graph, especially in the TradingView version, looks confusing, even if you expand it to full screen. The Huobi terminal requires some knowledge. In particular, without them it is difficult to understand the functionality of the stock market, which confirms the reputation of the crypto exchange as a platform designed more for professionals.
Ftx (go online) (Fig. 8) is a crypto exchange, which can be called a system of terminals for different types of trading, but, in general, they are made according to the same template. For example, the terminal for spot trading. To open it, first click on the main page of the terminal, click on the "Spot" section, select an appropriate pair from the list of currencies and click on it. The terminal provides the standard functionality: the asset price and the daily price change, as well as the daily volume are displayed above the chart. There are a number of standard tools on the chart - timeframe, the ability to change the chart type, indicators. It is also possible to save individual settings. The market depth, buy/sell service and recent trades are placed below the chart. You can change both the currency and even the type of trade in the upper part of the chart, where the traded cryptocurrency is indicated. By its functionality, the Ftx Crypto Exchange terminal is rather designed for quite advanced crypto traders who are professionally oriented in different types of trading. In this case, an exchange that allows you to quickly switch between different types of trading has significant advantages.
Crex24 (go online). You can get acquainted with the terminal of this exchange only after registration, but the user enters the terminal (Figure 9) immediately after registration. The terminal is standard, with some features. For example, in the upper part of the chart there are functions to view the market depth and information about the traded coin. To the right of the chart is the "Tools" section, but it does not contain trading tools, but traded assets. The chart can be scaled by scrolling the mouse, which is not very convenient, especially if you don't know about this feature from the beginning. A set of chart tools is usual - timeframe, changing the type of price chart display, some indicators. Buy/sell and personal history of transactions are located under the chart, and the dynamics of sales in general on the market occupies the entire right side of the interface.
Kucoin (go online) is one of the large crypto-exchange, which terminal (Fig. 10) is available only after registration. But in general, the terminal represents the standard functionality of a large crypto exchange with significant turnover. The only thing that can be noted is that buying and selling is placed at the bottom right, which is not very convenient in relation to the chart.
Most crypto-exchanges provide terminals that are sufficient for any transaction with cryptocurrencies. However, many advanced professionals require more powerful solutions, and such solutions are offered in the form of third-party cryptocurrency trading terminals. A third-party terminal is an online platform that provides a wide range of functionality for cryptocurrency trading with the ability to connect to cryptocurrency exchanges. Accordingly, the terminal must be compatible with the exchange on which you plan to trade. The crypto exchange may offer a separate trading terminal, which can be downloaded and installed as a program, or the user connects to the terminal through the exchange API. API - is the application programming interface, i.e., the complex of exchange trading functions, which can be integrated into third-party applications.
Usually to connect to the API you need to copy the terminal keys from the exchange from the open access, and enter them in the desired field of the terminal. As a rule, the exchange recommends a certain third-party terminal, but you can also connect to the terminal preferred by the user, if it is compatible with the exchange. It is also possible to connect to multiple crypto exchanges and install the terminal on different electronic media. Third-party terminals are connected by traders who use complex tehanalysis when trading. As a rule, third-party terminals have a wider range of tools for the analysis than crypto-exchanges, they have more individual settings and the possibility to install additional applications and plugins. This is an advantage over exchange terminals, which are, in general, quite generic. Thus, independent terminals have the following advantages over crypto-exchange terminals:
- Maximum choice of tools for analysis of thechanalysis;
- Customization options;
- Ability to connect to a crypto exchange or several;
- The ability to collect and process data from an exchange or multiple exchanges.
- Ability to install on different media.
There are a number of additional features that third-party terminals provide, which are very rarely provided by exchange terminals:
- Automation of actions, the possibility of templates trading strategies, so terminals are also often called bots;
- Coding your own scripts by users;
- Trading on several exchanges simultaneously;
- Trading between exchanges.
- However, it is impossible not to note a number of disadvantages of third-party terminals:
- The speed may be slower than on exchange terminals due to the large number of settings on third-party terminals;
- Most of the really advanced terminals are paid;
- Security is lower than on crypto exchanges, especially on free or low-cost terminals;
- Lack of updates. Crypto exchanges, as a rule, often offer something new to users, keeping their interest, which cannot be said about most terminals.
Top Connected Terminals
Let's take a look at the most popular plug-in terminals.
Coinigy (https://www.coinigy.com/) was created in 2015 for simultaneous work on several crypto exchanges and tracking the status of several crypto wallets. It has a web version, iOS and Android applications (Fig. 11), but you can trade from your phone only on Android. The terminal connects to Binance, Bitfinex, BitMEX and Gemini crypto exchanges and supports trading on only 11 crypto exchanges, though it monitors more than 40 crypto exchanges. Standard functionality includes limit and stop-limit orders. However, there are no important order types such as trailing stop, take profit, stop loss, basic market and stop market orders. Among the automated features is the search for arbitrage trades. In the web version, you can use tools such as ArbMatrix, BlockExplorer, ChartScanner, CryptoTicker, GoogleSheets, MarketWatch, NewsWire and SocialScanner.
Coinigy is offered primarily for spot trading, with Poloniex or Bitfinex crypto exchanges connected, and margin trading is also possible. Orders can be placed in base or quoted currency, the mobile version has a built-in currency converter, chronology of deals, order book, last deals in real time, notepad and price change signals - SMS or e-mail. A paid subscription to Coinigy starts at $19.99 a month. There is a free version for 30 days, the subscription can be paid by bank card or via PayPal. For 99.99 per month the user gets the entire set of indicators and charts, unlimited API accounts and session duration, automatic portfolio monitoring, access to the mobile app, etc.
TradingView (go online) (Fig. 12) is a popular terminal for interactive charts, detailed analytics and communication between professionals on different types of trading, including cryptocurrency trading in more than 15 languages. And it is probably the most sophisticated of the trading terminals. This terminal is in demand among professional traders who need a full set of features for technical analysis, among which:
- Charts of trading platforms;
- Maximum set of analysis tools;
- A huge choice of indicators, including proprietary;
- Saving user-integrated elements on the graphic;
- Trading recommendations;
- Tools for testing trading strategies;
- Notification signals of events in the market;
- Ability to make transactions without leaving the terminal;
- Widgets for websites and much more.
You can work on the platform without registration, but with registration is available much more opportunities, in particular:
- Trading on multiple charts, up to 8 in one window;
- Synchronization of graphs by interval;
- Additional charts for intraday intervals;
- Combining charts by instrument;
- Comparison of assets (indexes, stocks, currencies);
- Unlimited integration of indicators;
- Screeners for different assets;
- Suggesting ideas by users;
- Qualified communication in the chat room.
You can test the paid functionality for free for 30 days, but with the payment data. Registration is possible via email or social networks. Comprehensive information on the functionality and features of the platform can be found in the "Show" section. Charts from TradingView are popular and can be used in other similar services.
Metatrader (MT) (https://www.mql5.com/) is a huge comprehensive platform for trading, including cryptocurrency trading, probably the most famous in the trading world. It is used in two versions: Metatrader 4 and Metatrader 5. Cryptocurrency trading is actually conducted on the platform through derivative CFDs (Contracts for Difference), as MT is not directly connected to a cryptocurrency exchange. Accordingly, if you want to trade on Metatrader, you need to clarify whether the broker supports cryptocurrency CFD trading and whether it has the necessary tools to do so. You need to download and install Metatrader on your computer or you can also download and install it as a mobile app. MT is suitable for traders of all levels, MT4 and MT5 are similar, but MT5 covers more markets. Both terminals provide exhaustive opportunities for technical analysis.
In addition to the choice of indicators and oscillators, of which there is a whole online store (which also has a lot of free tools), there are many other applications and functions, great opportunities for communication with traders, for developing and safely testing strategies, for getting important news, for developing and implementing scripts, bots and other software. Regarding cryptocurrency trading, there are two disadvantages. First, as already mentioned, MT is not connected to cryptocurrency exchanges. Second, MT is a very multifunctional platform, which will take a lot of time to master. In any case, the plus is that MT is very old service, has a huge audience of users and there is a lot of training information on the Internet, so with some effort there is no difficulty in mastering the platform.
3Commas (go online) - platform for automated trading (Fig. 13), supporting trading with cryptoexchanges on Binance, ByBit, BitMEX, KuCoin, Huobi, Exmo, Poloniex, Bittrex, Bitfinex. The platform is paid, the subscription is paid for a month, three options are available: for $ 29 with the trading terminal, Take Profit and Stop Loss capabilities, the trader rate - $ 49 similar to the initial plus personal signals Tradingview, simple bots, algorithms short and long, Pro - for $ 99, which involves the full functionality of previous options plus composite bots, bots for Binance Futures, BitMEX and ByBit, GRID bot.
There are also notification functions, marketplace, applications in App Store and Google Play, respectively, access to API. The service is described as sufficiently advanced and providing good opportunities for cryptocurrency trading. Nevertheless, there are not infrequent failures in operation.
Capico (https://capico.app) is an automated trading platform connected to the Binance crypto exchanges, Bittrex (go online), Huobi and Exmo. It uses a chart from TradingView. In addition to the standard functions, such as the list of currency pairs, list of assets, market orders, open and closed deals, there is Stop Loss, Take Profit and Trailing Stop, automatic restart feature, the pending start when buying, averaging, pending orders, trade directly on the chart, rapid switching between exchanges, data sorting, calculation of the portfolio value in crypto, etc. Subscription costs the equivalent of $15 per month, new users have the opportunity to test the functionality for free for 7 days. Capico appeared on the market recently, reviews are contradictory, reports of problems from users are not uncommon, also often the functionality is supplemented and updated.
Margin (https://margin.de/) is a trading terminal specifically for cryptocurrency trading. The service supports trading on exchanges Binance, KuCoin, CEX.IO, BitFinex, Huobi, CoinBase, BitTrex, Poloniex, Kraken (go online), OkCoin, BlueTrade, BitStamp, HitBtc, Coinone, Gemini, OKEx. In addition to the standard functionality, the service offers multi-window mode, where you can work on 25 markets simultaneously, traditional and additional indicators, the possibility of margin trading, trading bots, as well as the ability to add your own bot, the possibility of splitting the order on multiple trading platforms. The service is not cheap and is designed for professionals. For 179 dollars minimum one can use all standard functionality and any bots, for 349 dollars gets possibility of all functionality, access to all exchanges which terminal supports and work with a balance up to 100 thousand dollars. And for $3999 all possible functionality is available, as well as the ability to merge accounts from different exchanges into one, the balance is unlimited. There is a demo version for one month.
QuanTower (https://www.quantower.com/) - a popular terminal for trading on cryptocurrency exchanges (Fig. 14), has only English interface, it needs to be downloaded and installed. It supports trading on exchanges Binance, HitBTC (go online), BitMEX, Huobi, Bybit, FTX. The terminal has more than 40 indicators, 8 charts, including Renko and Kagi, there are tools for volumetric analysis of 5 categories - cluster chart, volume profiles, bar statistics, vertical histogram of objects and historical tape of transactions. Users are offered different packages, from $40 to $100 equivalent, and a perpetual license is also available, which will cost significantly more.
The terminal also provides the possibility of algorithmic trading, that is, ready-made automatic strategies and indicators, as well as the development of plugins. To get acquainted with QuanTower the developers of the terminal offer a free version of Free QuanTower with basic functionality and one connection.
Moonbot (https://moon-bot.com) is a trading bot for algorithmic trading (Manual mode), but manual trading is also possible. It is connected to Binance and Bittrex crypto exchanges. Requires you to download and install a desktop application that contains two versions of the terminal: basic and PRO. Basic version is free, but significantly limited, and PRO is very expensive - available for 0.15 BTC.
TradeSanta (https://tradesanta.com) is a terminal for automated cryptocurrency trading, connected to Binance, Bitfinex, Bittrex, HitBTC, UPbit, OKEX exchanges. To trade, the terminal connects to an account on an exchange, selects a trading pair, and the user configures the necessary parameters of the bot and runs it. But the service also offers ready-made bot templates with standard indicators such as MACD and RSI, and with a specific strategy. The service is paid, the subscription for a year from $14 to $30 per month, there is free access to the basic tariff for three days.
HaasOnline (go online) - a sophisticated automated cryptocurrency trading terminal connected to the largest cryptocurrency exchanges Binance, Bitfinex, BitMEX, Bybit, FTX, Bittrex, a total of 20 cryptocurrency exchanges. You can use more than half a hundred trading indicators, advanced options settings on the service. Despite the fact that the service explains in detail the work of trading robots and provides the maximum necessary information, the service is available for effective work only for advanced traders with significant experience in trading cryptocurrencies. In order to trade on the terminal, you must buy one of three packages: Beginner for beginners, Simple - for the average level, Advanced for advanced users, for 3, 6 or 12 months, for the price of 0.006 BTC, 0.009 BTC and 0.015 BTC respectively.
What terminals are better for trading?
Crypto exchanges, with few exceptions, offer standard terminals, which are equipped with a standard set of tools that allow you to implement a fairly sophisticated trading strategies (cryptocurrency trading strategies). You can see that the difference in the structure and functions of the terminals is small, and it is repeated on the vast majority of other exchanges. Thus, having learned to trade on the trading terminal of one exchange, in most cases, you can easily switch to trading on the terminals of other exchanges. However, it is believed that the third-party plug-ins have a more powerful functionality, which allows you to implement more complex strategies. On closer examination, it turns out that they are not critically different from the terminals of stock exchanges, especially the large ones, and are not without their drawbacks.
Traders when choosing how to trade pay attention not only to trading possibilities of terminals, but also to many other factors - paid or free possibilities, protection level, availability, necessity of verification, ways of output and so on. At the end each trader decides for himself which way to trade. You can successfully trade on crypto exchanges and through third-party terminals. It is even possible to successfully trade without terminals - there are such crypto exchanges, but exchanges that have powerful terminals also provide opportunities for simplified trading, for example, in B2B modes, or in the mode of a more or less advanced exchanger.
29 March 2021 in 22:55
What broker would you advise for this platform? I do not want to go to the Russian market, I understand that many have it there, and the Americans only have amp global https://ameri****ng.ru/tradingview.php ? I also want to try to connect options, but I have not found where the forward curve is — can you tell me? On https://revieweek.com/review/tradingview/ they don’t advise at all! There is no support at all.