Experienced blockchain investors and crypto traders know very well how important it is to be equipped with the right tools for the job.

In the highly volatile cryptocurrency market, the prices of assets change so fast that using a subpar exchange can cost you time and money. That’s why traders who are focused on making serious gains prefer to make trades through high-quality crypto trading platforms like Altrady, which provide the users with a large number of extra features compared to typical crypto trading platforms.

From this article, you will learn what the core idea behind Altrady is and how using a premium crypto trading platform like Altrady can help traders maximize their profits while saving them a lot of time. You will get to know all the most essential features of the platform which combined together make Altrady a crypto trading powerhouse. The article also discusses the affordability of Altrady pricing plans and the groundbreaking new functions that will be added to the Altrady crypto trading platform in the near future.

Altrady overview

Altrady is a cryptocurrency trading platform developed with a single goal in mind: to make crypto trading easily accessible to everyone. It’s a powerful set of tools that can be used together with most of the popular crypto exchanges on the market.

The crypto ecosystem is dominated by exchanges that weren’t really created to cater to demanding traders, but to simple retail investors who just want to buy some crypto and hold it for a long time. Altrady, on the other hand, is a trading platform made specifically for traders and by traders: all the features of Altrady are designed to make the life of crypto traders easier, their risk smaller, and their profits bigger.

Unlike a large number of platforms that only provide the basic functionality of buying and selling crypto, Altrady allows people to benefit from a large number of extra features. Because of the powerful trading tools integrated into Altrady, crypto traders are able to gain a better insight into the market, make more informed trades, save a lot of time and make more money.

Main features of Altrady

Smart Trading

Altrady comes with a large number of tools allowing traders to utilize advanced trading strategies. Some of the options such as the Take Profit Order are intended to help traders optimize their gains and make maximum profit out of rapid price movements. Other options like the Trailing Stop Order allow you to mitigate risks and protect your gains.

Web Trading

Altrady allows people to trade crypto anywhere and at any time. Not only is the Altrady application available for all the popular desktop and mobile systems, but you can also use the web platform accessible from any device. With Altrady you don’t have to worry about ever again missing a great opportunity.

Trading Analytics

Most traders lose money by making trades without having sufficient information. Altrady provides instant and effortless access to high-quality historical data and market analytics, enabling traders to have full insight before making a trade.

Real-Time Market Data and Alerts

In a highly volatile ecosystem like crypto, getting the right info is just as important as getting it on time. Traders using Altrady gain access to instant alerts informing them about all the important price movements.

Multi-Exchange

Altrady can be integrated with almost all of the most popular exchanges such as Binance, Coinbase, Huobi, BitMex, and many more. You no longer have to choose between exchanges, and you don’t have to waste time learning how to use a new platform.

Portfolio Manager

One of the most important things for crypto traders is keeping track of all their trades and investments. Altrady includes a clear and beautifully-presented portfolio that allows the users to effortlessly keep track of all their current assets and the history of their trades.

Quick Scan

Quick Scan is a feature that allows traders to be immediately notified about price movements with the potential for scalping opportunities and other possible profits. Whether the price goes up or down, Quick Scan will notice it and inform you of all the important events on the market.

Crypto Base Scanner

Crypto Base Scanner is a powerful tool designed specifically to help traders greatly improve their profits while using the QFL trading strategy. Crypto Base Scanner scans the market for preferable entry points and automatically notifies the user when it notices an opportunity to make a profit with the QFL strategy.

Pricing

Greatly expanded functionality when compared to free exchanges and trading platforms naturally comes at a price. However, Altrady offers a great price to value ratio because the small subscription cost allows traders to increase their profits massively. Furthermore, Altrady allows the traders to select from three different pricing plans and choose the one that suits their needs best.

Basic plan includes all the core features of Altrady and costs only €14.95 a month. Traders utilizing the basic plan are entitled to almost all Altrady functionalities apart from some advanced trading strategies and analytics.

Essential plan provides almost all Altrady functions at an accessible price of €29.95 a month. Almost all features are included in this plan, except for two premium features: Base Scanner and Quick Scanner.

Premium plan is intended for the most professional and demanding traders. This plan costs €44.95 a month and includes all the features of the previous plans, while also adding two elite-level tools: Base Scanner and Quick Scanner. These scanners allow the traders to greatly increase their profits by making it extremely easy to find attractive tokens to trade.

Dedicated traders focused on making the most profit can get a 30% discount by purchasing an annual plan instead of a monthly plan. But that’s not all: every crypto trader is entitled to a 14 days Free Crypto Trading Subscription Trial – you can try Altrady with no obligations at all, and purchase a subscription only after you see for yourself how the platform can improve your gains.

Features coming soon to Altrady

One of the reasons why Altrady is so quickly gaining popularity among cryptocurrency enthusiasts is that the exchange is constantly evolving to meet the needs of the most demanding crypto traders. New features are introduced on a regular basis, in order to keep up to date with the ever-evolving needs of the crypto community.

Before the end of Q1 2021, Altrady will introduce a large number of new features:

• Manual Smart Positions
• Trading Bot Positions
• Signals Bot
• Grid Bot

These new features will allow the Altrady users to benefit from the full power of automated trading. Advanced algorithms will enable the traders to improve their profits even further, all while saving them a lot of time and mitigating the risks.

Summary

Altrady’s growing popularity among crypto traders is obvious when we analyze all its features. A massive number of powerful tools integrated into Altrady empower the traders with a large number of benefits. A massive boost to profits will be most important to most people, but Altrady also works great at reducing the risks related to highly volatile markets and making the entire process of trading crypto more time-efficient.

A popular crypto motto says “don’t trust, verify”. You can verify the usefulness of Altrady yourself with the 14 days Free Crypto Trading Subscription Trial, which allows everyone to try Altrady entirely for free with no obligations at all. Altrady is an excellent investment in your crypto trader career, and the 30% discount for all plans while purchasing a yearly subscription makes this investment affordable to anyone.

You can also use the discount code GALEA to get 10% off any plan at checkout.

Sign up to Altrady

Binance is once again showing the cryptocurrency world that it is a Jack of All Trades. On top of its core exchange services, the platform is also involved in Bitcoin derivatives, as well as its very own pre-paid crypto Visa card. And of course – you also have the native Binance Coin (BNB).

Start earning interest on Binance

With that said, a Binance product that I am particularly interested in exploring further is its interest-earning service. That is to say, by depositing digital currency on the Binance platform, you can earn interest on your holdings in a similar way to a traditional savings account.

If this is something that you might want to explore further – here I explain the ins and outs of how to earn interest on Binance.

Earn Interest on Binance – The Basics

In a nutshell, Binance allows you to earn interest when you deposit some of your cryptocurrency tokens into the platform. There are two main ways of doing this – on a flexible basis or by locking the digital assets away for a fixed amount of time.

Naturally, by opting for the latter, you will benefit from a higher interest rate. This is comparable to a fixed-rate certificate of deposit (CD) account or savings bond. That is to say, you won’t be able to redeem your crypto holdings until the respective term has concluded.

If, however, you opt for a flexible arrangement, this is much more aligned with a conventional savings account. In other words, you can withdraw your digital funds at any given time. For as long as your crypto assets are held in the Binance flexible savings account, you will earn interest.

Flexible Savings Account

Now let’s dig a little deeper into how each interest-earning opportunity works on the Binance platform – starting with the flexible savings accounts.

As noted above, this allows you to deposit funds into Binance and you will earn interest for as long as you keep the digital assets there. You can withdraw your cryptocurrency at any given time – meaning the investment is 100% liquid.

This option is going to be suitable for those of you who like the idea of earning interest on your digital currency holdings, but want immediate access to your coins as and when the time arises.

The redemption process isn’t quite instant, but near enough – as the funds will be available for withdrawal the very next day after you make the request. This is good enough for making planned trades, but not quite good enough if you want to trade crypto quickly in response to a brief or unexpected market event, for example, a significant dip that only lasts a few hours in an otherwise long bull run.

Supported Digital Currencies and Yields

If opting for the flexible savings account, Binance supports 58 different cryptocurrencies of varying market capitalizations.

At the upper end, you have the likes of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, NEO, and Ripple. In terms of less liquid coins, this includes WAVES, Komodo, IOST, and many others.

When it comes to interest rates, this will vary quite considerably depending on which cryptocurrency you choose to deposit.

For example, it appears that the best paying yields are associated with USDT and BUSD – which both attract a 7-day APY of 6%. At the lower end, Ripple and Ethereum attract a yield of just 1.40% and 0.87%, respectively. If it’s Bitcoin you’re looking to earn interest on, Binance pays an APY of 1.20%.

Listing each and every supported coin and interest rate is beyond the remit of this article, so please check the Binance platform to get more information on your desired market.

Note: To avoid confusion, a 7-day APY does not mean that you will earn the respective interest rate every 7 days. On the contrary, this is still an annualized rate. It’s just that the 7-day APY takes the net difference between the interest rate today and 7 days previous.

Fiat Currency Interest

Perhaps the above interest rates are not overly attractive – especially with major cryptocurrencies like Bitcoin, Ethereum, and Ripple. With that said, you stand the chance to earn an even better yield on Binance – should you wish to generate interest on your fiat currency deposits.

At the higher end, it’s possible to earn a 7-day APY of 5% on GBP deposits – which is huge. I say this, as by leaving your GBP in a UK bank account, you’ll be lucky to earn more than 1% annually. In the case of EUR deposits, this attracts a lower, albeit still generous, APY of 3.21%.

Locked Savings Account

So now that I have covered the flexible option, I am now going to explore the ins and outs of the locked savings account offered by Binance. In a nutshell, unlike the flexible account, this particular option requires you to lock your crypto assets away for a fixed amount of time.

The available durations are as follows:

• 7 days
• 14 days
• 30 days
• 90 days

To clarify, once you choose your respective duration, you won’t receive your investment back until the term concludes. As such, just make sure that you are confident that you won’t need access to the funds.

Supported Digital Currencies and Yields

Unlike the flexible account – which supports 58 digital assets, the locked savings account accepts just three cryptocurrencies – all of which are stablecoins.

This includes:

• USDT
• BUSD
• USDC

In terms of the yield, this varies not only depending on the coin you deposit, but the duration of the term.

Naturally, the longer you elect to lock the coins away, the higher the interest rate.

Nevertheless, USDT and BUSD attract the highest yield – with 90-day terms getting you an annualized interest rate of 7%. USDC isn’t far behind, with a rate of 6% for a 90-day term.

If you opt for a 7-day period, you’ll get 6.31% on USDT and BUSD, and 5.31% on USDC.

How is Interest Possible on Binance?

If you’re wondering how Binance is able to pay your interest on the digital assets that you deposit – the process works much the same as any platform offering a similar service.

That is to say, Binance will use the cryptocurrencies that you deposit and lend the funds to somebody that wishes to take out a crypto loan. The interest rate that the borrower pays will, of course, be higher than the yield you are able to earn.

Like other crypto loan platforms in this space, the borrower is required to put up collateral. The amount that they can borrow will therefore be dependent on the amount they deposit into Binance.

Should you use the Binance Savings Account?

Whether or not the Binance savings account is worthwhile will depend on various factors. For example, if you are holding a stablecoin like USDT or BUSD, you can earn an attractive yield of 6% per year.

This can be achieved without needing to lock your capital away – as the 6% rate is available via the flexible option.  At the other end of the scale, cryptocurrencies like Ethereum and Ripple will attract an interest rate of just 0.87% and 1.40% annually, while Bitcoin comes at a rate of 1.20%.

On the one hand, these rates are far from attractive. But, it’s also worth noting that by leaving the aforementioned cryptocurrencies idle in your private wallet – you are earning no yield at all.

Crucially, as I recently noted in my article on the Best Crypto Interest Accounts, much better rates are offered elsewhere.

For example, YouHodler allows you can earn an annualized interest rate of 4.8% on Bitcoin – on the proviso that you keep the coins locked for 30 days. Additionally, while Binance pays a top-tier rate of 7% on stablecoin deposits, YouHodler offers up to 12%.

Is the Binance Savings Account Safe?

Binance as a trading platform is home to the largest amount of daily volume and liquidity in this industry. It has a great reputation amongst traders of all shapes and sizes – which is why it is often the go-to platform to buy and sell digital assets.

In terms of specific safeguards, the crypto assets that you deposit into Binance will be used to loan money to borrowers. The entire transaction is facilitated via Binance – meaning that it matches lenders and borrowers behind the scenes.

As I briefly noted above, those that want to take out a crypto loan at Binance must put up collateral. This is based on the classic LTV (Loan to Value) model. For example, if the borrower deposits $10,000 worth of Bitcoin, at a maximum LTV of 65%, they can take out a loan worth $6,500 in their desired asset.

If the borrower was to default on the loan – or the value of the digital currency used as collateral declines in value by a certain amount, Binance will liquidate the crypto.

In addition to the above, it’s also worth mentioning the Safe Asset Fund for Users (SAFU). This is an insurance pot that Binance itself funds via transaction fees that it collects from the exchange. The main idea with the SAFU is that it is there to cover investor losses should Binance get hacked (or defaults occur via Binance Earn).

Whether or not the amount of capital in the SAFU would be sufficient enough to cover potential losses remains to be seen. Taking all of this into account, it’s important to remember that your crypto deposits in the Binance savings account are never 100% safe.

The Verdict?

In summary, I’m a strong advocate of the cryptocurrency interest phenomenon. After all, by leaving your digital currencies sat idle in a private wallet – you are earning nothing on your investment in the way of income.

Instead, by storing your crypto in an interest-bearing account such as the one offered by Binance – you get the best of both worlds. That is to say, you will make money should the value of the digital currency increase in the open market, as well as interest for as long as you keep the coins in the account.

However, I should make it clear that the rates offered by Binance are not overly attractive. As I covered earlier, other platforms in this space – such as YouHodler and Nexo, offer much better yields.

On the other hand, having your cryptos on Binance means you can do much more than earn interest, as Binance has a multitude of other features including futures trading, staking and DeFi liquidity mining.

Open a Binance account

In the realm of financial technology (FinTech), YouHodler and Nexo are two highly competitive platforms offering a variety of crypto/fiat financial services. What really brought both platforms to international fame is their interest-earning accounts though. Crypto enthusiasts are constantly looking for the best platforms to safely store their crypto while simultaneously earning a passive income on it. These two platforms offer some of the best rates around in addition to a few other exciting tools to help “HODLers.” But which one is the best?

In this competitive analysis, we’ll do a deep dive into both companies to see which features set one apart from the rest.

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