What Is Trality Trading Bot?
Trality is a software program created in 2018. It is AI-powered, custom automated bot to help a crypto trader.
Trality is an excellent option for those who’re tired of predefined bots and have an original trading strategy in mind. It is built on Python and provides beginners and advanced users with Code Editor and Rule Builder features, according to their level. If you aren’t confident, you can go to Marketplace and find suitable trading strategies created by experts. Or earn passive income via publishing your bot on Marketplace.
With Trality, you don’t need any special equipment or downloads, as it’s cloud-based. To help its users maximize their profits, Trality offers a user-friendly drag-and-drop interface that makes creating your trading bot’s logic easier than ever before. And it’s end-to-end encrypted, meaning no one can see your strategies.
What makes Trality unique is the user-friendly interface which allows deep customization of the trading bots. The level of customization is very advanced, and Trality doesn’t have a lot of competitors in that regard.
As for cons, Trality is supported by quite a few exchanges: Binance, Binance US, Kraken, Coinbase Pro, and Bitpanda. Although these four are reliable, letting us know that Trality wants to couple only with the most trustworthy partners. And no mobile application is available, but Trality is working on it. As well as on a Trality crypto wallet to manage your funds in one place.
Compare to other crypto trading bots: Coinrule – Crypto Trading Bot Review by Traders
Trality Desktop Platform Review
Trality doesn’t expect its users to become developers overnight. Their idea is to make bot creation so simple that anyone can do it. That is why they developed their revolutionary Code Editor feature. There are many templates to start with. This option enables the creation of very sophisticated bots and provides a debugger.
The second feature that makes Trality stand out is Rule Builder. Custom bots are also created here with the help of an algorithm based on Boolean principles. The user sets indicators and strategies, thus easily creating their own bot. As one can imagine, this feature is best for people experienced in coding and crypto simultaneously.
Once the user completes setting up a bot, they can use Backtesting and Paper trading options to make sure it works properly. These features work fast and are risk-free.
Trality doesn’t have a demo version, although their Pawn plan is free and could be used for testing.
How to Register On Trality and How It Works?
Creating an account and starting your trading experience is as simple as with other bots.
Step 1. Open an account. As is usually the case with crypto trading bots, users only need to provide an email address and a strong password. After that, the user needs to confirm registration through email, and the account is created.
Step 3. Integrate with an exchange. Provide API keys for each exchange you have an account and deposit on.
Step 4. Make a bot. Use Code Editor or Rule Builder to make your own trading strategy.
Step 5. Test the bot. Before discharging a bot, use the Backtesting feature to check its functionality.
Step 6. Improve and go live. Once you’ve done the research and are confident with your strategy creation, deploy a trading bot for live trading.
Trality: Security, Licenses, and Payments
Trality uses chess terminology to describe their premium plans: Pawn, Knight, Rook, and Queen. The prices and features included in these plans are in the table above. What is great about their premium plans is that they all have unlimited Backtests.
The Trality platform guarantees data safety. Their algorithm only trades signals between exchanges and doesn’t have access to your funds.
As it provides some advanced options, Trality has plenty of resources to speed up the learning curve. There are numerous tutorials, documentation, and FAQ pages on their website, blog, and YouTube channel.
On the other hand, Trality doesn’t hold any official licenses. Since most crypto trading bots still don’t, this is not an immediate red flag. However, it would be nice to see this bot having one in the future because that could make it one of the leaders in the industry.
Final Verdict: Is Trality a Legit Crypto Bot?
Trality is most definitely a crypto bot that is worth a shot. It may be especially attractive to advanced crypto traders, who have some coding experience in advance, and want to use it in order to maximize their crypto trade gains.
If you liked our review on Trality trading bot, you might want to check out some other reviews we have written before deciding where to trade your money.
FAQ on Checking Is Trading Bot a Scam
Is Trality legit?
Yes, Trality is a legit crypto trading bot. While they do not have any official licenses, they really care about the users. They offer several pricing plans, have excellent security features, and could potentially become a leader in the industry.
What are the best features Trality offers?
Unlike other platforms, Trality offers a chance to its users to create their own trading bots. This means that everyone can adopt and adapt a strategy tailored to their specific needs and style.
Is Trality worth the money?
While the pricing plans may seem pricy, Trality is a crypto trading bot that definitely deserves a chance. Of course, it boils down to weighing pros and cons in the end and making a personal decision, which is why we recommend a great deal of thinking before investing.
Is Trality beginner-friendly?
Their bot-creating feature is set up through a drag-and-drop editor, so one doesn’t need to know coding to create a bot. This makes Trality an extremely beginner-friendly platform.