BITCOIN TRADING PLATFORMS –  REVIEWS AND RATINGS

Are you in the process of looking for a decent place where you can do some Bitcoin trading or perhaps you are wondering where Bitcoin Exchanges often take place?

If you are new to Bitcoins, reading reviews of Bitcoin trading and exchange platforms can certainly help you make an informed decision. Remember that if you sign up for any of this platform, you are giving them your full trust that they will not steal your Bitcoins and that they will not take your money without giving the Bitcoins you have purchased from them.

So refer to the list below for some details about bitcoin trading platforms.

Latest Update: Jan 31, 2016.

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whaleclub

CRYPTOTRADERHAASONLINEMAGNR

CRYPTOTRADER

CRYPTOTRADER : The first algorithmic trading platform for Bitcoin and other cryptocurrencies

Currency : Cryptocurrency

Trust : High

Ratings : 

Haasonline

HAASONLINE : Automate Bitcoin and Altcoin Trades – The Next Generation Bitcoin Trading Platform.

Currency : Cryptocurrency

Trust : High

Ratings : 

Magnr

MAGNR : Bitcoin Trading, Saving and Investment

Currency : Bitcoin

Trust : High

Ratings : 

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SimpleFX - Online CFDs Trading, Forex, Bitcoins, Indices and Commodities

 

CRYPTOTRADER Review

cryptotrader.org

Trading, whether it is bitcoin, forex or commodities follows a simple logic. Buy them and sell them at a higher price. More the price difference the better. That’s just an overview, not to mention the technicalities, experience and other nuances involved in it. One can either keep a constant eye out on the market trends and trade or have a bot that can do trading for them. Bots in this context are self-executable software programs that work according to certain set rules. Trading bots monitor the activities in the exchanges they are connected with to sell and buy orders within set parameters on its owner’s behalf.

Trading bots are a rage in the cryptocurrency market. There are different types of bots which one can use to trade bitcoin or any other cryptocurrency. One can either select a bot for inter-exchange arbitrage or technical analysis bots for the purpose. Depending upon each individual’s risk appetite one can select the frequency of trading as well.

Given the volatile nature of digital currencies, it is advantageous to use bots with well-defined parameters for trading. Gone were the days when one had to develop his own bot or hire someone to do it. There are off the shelf trading bots available that can be bought and deployed after setting desired parameters. Cryptotrader allows people to build their own trading bot within minutes.


 

HAASONLINE Review

Haasonline software

Name : Haasbot 2.0

What is it : Haasbot is a sophisticated bitcoin trading bot suite designed primarily for bitcoin trading professionals, but amateur traders and hobbyists could find it useful too.

Who’s behind it : Haasbot started life as a personal project created by Stephan de Haas, but eventually the small team behind the bot decided to commercialise their product. The core team includes de Haas, lead developer and founder of Haasonline; marketing manager Phil Donsbach; developer Lander Vanhaverbeke; and support specialist Theo Goodman.

Cost : Haasbot 2.0 is available in three different pricing tiers. Haasonline uses a subscription-based model. A three-month ‘Beginner’ licence costs 0.22 BTC, the ‘Simple’ licence is priced at 0.30 BTC, while the full ‘Advanced’ licence costs 0.45 BTC. The company also offers 6- and 12-month licences. Payments in fiat currency are not accepted.

Product Launched : January 2015.

Summary : Haasbot 2.0 provides users with a wide range of choice, with three basic bots, all of which feature a number of different presets, as well as a range of user-customisable options. Depending on the licence, users can set up several interconnected bots capable of performing a range of different functions.

Conclusion : Haasbot 2.0 is more than an incremental update, as it offers a number of new features, namely the all-new web interface. The platform also offers three basic types of bots, along with new script bots that can be customised.

The extensive choice of options, safeties, indicators and interactions between the bots allows traders to devise elaborate trading strategies, provided they choose to buy the Advanced licence with no limitations. The downside is the cost of the top-tier licence, but cheaper licences are available too, which means you don’t have to spend much to try the service for a limited time.

It should also be noted that Haasonline was forced to increase pricing due to the low price of bitcoin. Remember, the company does not accept fiat payments.

However, for serious traders used to trading dozens or hundreds of coins on a regular basis, the Advanced licence at 0.45 BTC for three months probably doesn’t sound like much.

Bottom line – Haasonline raised the bar with the Haasbot 2.0 update and the competition has some catching up to do.


 

Magnr Review

magnr trading

The company promises to make the next interest payment on 31 July 2015. The adjusted month interest rate is 0.18%.

Magnr is subsidiary of BTC.sx, a London-based bitcoin trading platform that has brokered over 60,000 trades. The platform became famous as a provider of bitcoin derivatives. It was one of the first in the sector to offer clients the ability to conduct margin trades, borrowing USD to enter a ‘long position’ (if the growth of bitcoin price is expected) or borrowing bitcoins to enter a ‘short position’ (if the decline of bitcoin price is expected).

Bitcoin deposits are the latest trend of bitcoin banking. As CoinFox reported earlier, this May, a group of undisclosed investors gathered in Switzerland to create the first bitcoin bank in the world and later the founders of the bank applied for a Swiss license.