Trality is a cryptocurrency trading bot that trades 24/7 on users’ behalf. It continuously searches the market to create orders based on the setting set by the trader. The algorithm can be purchased in three monthly subscription plans and includes a free offer. Investors can trade multiple coins on supported exchanges like Binance, FTX, etc. This review will focus on the system’s features, efficiency, pricing, reliability, strengths, and weaknesses.
What is Trality?
At Trality, Traders with python knowledge can highly configure their bots by writing custom codes. The platform also offers beginners with no coding skills to start trading with preset strategies and customize it according to the requirements and market conditions.
|Price:||Free; €9.99/€39.99/€59.99 (monthly)|
|Payment Options:||PayPal/Credit or Debit Card/Crypto|
|Supported Exchanges:||Binance/Binance US/Kraken/Coinbase pro/Bitpanda/FTX|
|Strategies:||100 technical indicators|
Is it easy to use Trality?
As mentioned before, Trality requires basic knowledge of Python, which is an advanced coding language. The bots attempt to comprehend the market data and price movements and react accordingly based on the parameters set by the trader. Traders can start with the platform in the following steps.
- Sign up for the platform with your email address and password
- From the dashboard, select the Create new bot option
- Name it and select either coding or rule builded
- Choose the exchange and currencies
- Configure the setting and launch the bot
Main features of Trality
At Trality, the bots include the following features:
The code editor feature allows traders to create bots with Python coding and configure them.
The platform offers beginners pre-defined strategies for their bots with over 100 technical indicators.
Traders can backtest their bots to optimize and adjust their systems.
It is a cloud-based software that runs on a server and requires no installation on the users’ system.
Strengths and weaknesses of Trality
The advantages and drawbacks of trading with Trality bots are given below.
|Traders can configure their bots as they wish with Python coding using code editor and rule builder||The platform is not suitable for beginners|
|It offers users demo funds for virtual accounts to test their system without investing real money||Traders can trade on a few crypto exchanges|
|There is a limit on the number of bots in pricing plans. i.e., one virtual and real|
Is Trality good?
Trality is suitable for people with some basic knowledge of the crypto industry and coding. Investors can benefit from several trading approaches and multiple indicators. The platform has been featured on top websites such as Investing.com, Trending topics, and The Cointelegraph.
Is Trality safe?
Trality states that they only use official API keys and the investments remain in exchanges. They have no access to traders’ funds and provide end-to-end encryption for trading strategies.
Traders can only contact the developers using the website’s email address ([email protected]). There are other social media handles available, such as Discord and Facebook. Trustpilot, a trusted customer feedback platform, shows 24 reviews where a user wrote that the site does not work.
Moritz Putzhammer (CEO) and Christopher Helf(CTO) founded Trality in 2019. The headquarters are in Vienna, Austria. Georgios Angelopolous, Mark Best, Igor Chernysh, and Ovidiu Popescu are among the experts.