You’ve decided to allocate 25% of your total capital to each asset. But one day, Bitcoin rises tremendously, causing it to represent 50% of your portfolio in dollar value. The other three assets might rise in value. Rebalancing is good in this scenario because Bitcoin might go down. You will then make even more money than by simply HODLing. Shrimpy will take profit and convert your gains into the other three assets so that the allocation returns to 25% for each asset.

Cryptowatch has integrated eight leading crypto exchanges: Kraken, Coinbase, Binance, Bitfinex, Poloniex, Bitstamp, OKEx, and FTX. You’ll notice that the platform also delves into more volatile crypto niches such as NFTs. The highly advanced trading and charting tools are the most incredible features that Cryptowatch offers. You can search NFT collections and exchanges on Cryptowatch, as well as view market statistics for highly speculative JPEGs. You can view a wide range of market metrics and execute trades with a feature-rich trading terminal – just as you would on a normal exchange.

Why Most Crypto Trading Bots Fail

Additionally, I’ll show you how to choose the right platform and which aspects you should look out for. Crypto trading software is any app or platform that facilitates cryptocurrency trading. What is Crypto Trading Software? The purpose of trading software is to make trading crypto easier – or offer it in the first place. Certain platforms offer advanced trading features such as indicators and crypto trading bots. This type of software allows you to chart crypto assets, execute trades, and manage portfolios.

Security is almost a non-issue in the crypto world – at least when it comes to high-level trading platforms. A team that truly cares about customers. And even when they do, investors promptly receive their funds back. However, it’s worth noting that most platforms, especially those that aren’t exchanges, lack such funds. Exchanges rarely suffer hacking attempts. Check out the security features of your trading platform when choosing it. Still, that’s no reason to relax. The platform should preferably have an insurance fund set to protect users. I’d stick to a platform with a good track record.