Trality Review And Best Alternatives

In this article, Trality review, we will look at one of the leading automated crypto trading platforms and explore its features and functions.

Crypto trading is tricky, and we all know that. You must isolate your human emotions, such as anger or happiness, to make correct trading decisions. Also, it would be best if you were in front of the screen 24/7 to stay up-to-date with what’s happening in the crypto market. Fortunately, that’s not how it works with crypto trading bots.

Automated trading platforms are designed to be disciplined and to follow restricted orders that you are the one in control of. One of the best advantages is that crypto bots work 24/7 without any rest. Many platforms provide you with premade trading strategies. However, in this article, we are looking at Trality in particular.

About Trality.

Trality is an automated trading platform meant to fit all types of traders. On Tralitly, you can code your bot, create a rule bot, or pick a premade bot in the marketplace. Furthermore, connect your exchange and enjoy paper trading, backtesting, and more.

Also Read: TokenTax Review & Best Alternatives.

Trality Features.

During our Trality review, we were impressed by the platform’s features, which we will discuss in the following.

Secure.

Your funds remain safe on your exchange. Trality will never touch them directly and only use official exchange APIs.

Cloud-based.

Your algorithms run reliably 24/7 and never miss a trade. Trality eliminates the need to set up your trading servers!

Encrypted.

Your trading strategies are end-to-end encrypted. In-browser encrypted means that even none can see them!

The Code Editor.

If you can code in Python, Trality appreciates that! Use your Python skills and code sophisticated bots inside one of the world’s first browser-based Python Code Editor with an ever-growing array of packages, a debugger, and a full range of ML modules to backtest and live-trade like a pro.

The Rule Builder.

You don’t need to write a single code line to use Trality. By using Trality’s Rule Builder, rely on pre-defined trading strategies, select from over 100 technical indicators, and use boolean logic to arrange strategy parts.

Marketplace.

Bot’s marketplace on Trality isn’t any different than any other platform. Firstly, for creators, you can create a bot and get a monthly rent in exchange for using followers using your bot. And for users, you will get to choose between many available trading bots and pay rent for the ones you will use. Therefore, both the creator and the user make a profit.

FAQ.

Who is Trality made for?

Considering the functions that Trality is capable of, we believe that Trality is made for everyone. If you’re a casual trader looking for an entry into automated trading, hoping to increase returns while spending less time on manual trades. Also, if you like to code your bots in Python, Trality works with it. Furthermore, if you don’t code, you can choose from the premade bots.

What exchanges does Trality support?

Currently, Trality supports most of the famous exchange options. Binance, Coinbase, Kraken, and Bitpanda – The list will grow.

Does Trality take fees from my trades?

No Trality doesn’t take any fees from your trades.

How much does Trality cost?

The platform offers many plans that you can choose between. Firstly, a free program that’s suitable for beginners and testers. Paid plans start at €9.99 for the “Knight” Plan, €39.99 for the “Rook,” and €59.99 for the “Queen” Plan.

Getting Started on Trality.

Through the following part of our Trality review, we will get you started with the platform step-by-step.

Sign up on Trality.

First, head to Trality’s main page and click “Sign up.” Enter your email address and a strong password.

Verify Your Account.

The next step is confirming your account. Check your email for a verification link from Trality’s team to proceed to the next step.

Connect Your Exchange Account.

After completing your sign-up process, it’s time to connect your exchange account. On your main dashboard, click on “Add New Exchange.”
After that, choose your exchange platform, which should be one of the supported exchanges.
Enter your API key and API secret. Then click on “Add Exchange”. You can also choose to go with paper trading if you would like to.

Create a New Bot (Code).

To create your first bot, click “Create a new bot.” After that, you can choose your bot type, either code or rule. Specify the bot name, exchange, and asset for a code bot.
After loading, your coding terminal will initiate, and you can start writing your bot’s codes in Python.

Create New Bot (Rule).

To create a rule bot, go through the previous process but choose “Rule Bot.” After that, you can start specifying rules for your bot.

Marketplace.

On the marketplace, you can choose from premade bots. Click on the Marketplace icon on the left menu; then you can see all of the available bots.
If you click on any of the displayed bots, you can see details on how the bot has been doing.

Conclusion.

In brief, Trality is almost a perfect platform for crypto trading automation, as proven during our Trality review. On Trality, we found premade strategies, live trading, bots coding, backtesting, and more that you can explore. However, there might be some disadvantages, which we will explain in the following Trality pros and cons list:

Pros.

• Easy to use;
• User-friendly interface;
• Supports paper trading;
• Premade bots.

Cons.

• No mobile app;
• Few exchange platforms are supported.