Use CoinPanel to Make Informed Cryptocurrency Transactions
CoinPanel is a cryptocurrency trading platform, risk management system, and portfolio management API service that connects to numerous centralized exchanges.
Bitcoin, the original cryptocurrency, has been around for almost a decade. The overall value of the cryptocurrency market is now over $1.5 trillion, and institutional investors are rapidly investing in the sector. The current rise in Bitcoin’s price has nearly tripled its high from late 2017, and the cryptocurrency still has room to expand.
Trading in the bitcoin market occurs around the clock, every day of the week. As a result, keeping up with market volatility and managing risks may be unpleasant and time-consuming for crypto traders. This means that overnight, a crypto investor’s portfolio could either plummet or soar in value.
Whether you’re considering Bitcoin or an alternative cryptocurrency as an investment, the trading world is sure to pique your interest. However, not everyone can devote himself full-time to monitoring the market and trading cryptocurrencies.
The cryptocurrency industry is still very new, so it’s vital to do your research before investing. Despite the fact that cryptocurrency has seen increased adoption in recent years, educational materials for investors of all experience levels remain sparse.
Considering there are now more than 6,000 different cryptocurrencies, managing your portfolio could be a time-consuming process. Success in cryptocurrency trading requires access to the appropriate resources. Any advantage you might gain while trading cryptocurrencies can have a significant impact on your bottom line.
CoinPanel is an all-in-one trading platform that offers a wide range of functionalities for both novice and seasoned crypto traders. CoinPanel’s trading tools remove the human element of trading by connecting to cryptocurrency exchanges directly and automatically placing orders depending on your specified pricing conditions.
This article will discuss the benefits of using crypto automated trading tools.
Eighty percent of the volume of daily trading in U.S. stock exchanges is reportedly executed by computers. According to J.P. Morgan, fundamental discretionary traders made up only 10% of total stock trading activity in 2017. We aim to level the playing field for retail traders, whether they are just starting out or are seasoned pros, so that they have an advantage when participating in the cryptocurrency markets.
It’s common knowledge that the vast majority of retail traders end up in the red when investing in assets, and that this is especially true when dealing with cryptocurrencies due to the increased volatility associated with this market. The majority of manual traders let their feelings affect their trading, which may lead to illogical behavior. The average crypto trader may find trading automation tools like CoinPanel to be a godsend in light of the extreme volatility of the cryptocurrency markets.
CoinPanel’s trading tools can help you become a more savvy investor by encouraging you to adopt a more analytical and detached trading style while dealing with cryptocurrency. More experienced crypto traders use technical analysis to inform their decisions to sell or acquire digital assets.
CoinPanel was designed by a team of Swedish specialists who are also Google Certified Professionals. The Google Cloud Platform, an infrastructure heavily guarded by industry leaders, hosts the platform in Sweden. The information is encrypted in its entirety and stored safely in Google’s server centers.
The primary objective of utilizing trading tools is to maximize profits while decreasing drawdowns and threats to the business. The CoinPanel platform can help you save time and money by allowing you to collect data and place orders at your preferred speeds. Maintaining a solid risk management setup is essential for cryptocurrency traders.
There are a few supplementary resources you should have at your disposal if you are an ambitious and active trader. CoinPanel provides a comprehensive suite of trading features designed to simplify the process of buying and selling cryptocurrencies for everyone. The trading tools provided by CoinPanel allow you to make profitable investments without spending excessive time watching the market.
Use the stop-loss and take-profit features on CoinPanel’s trading platform concurrently to profit from a shifting market. Probably obvious to you as a seasoned trader is the fact that trading is a slow process. There could be serious financial consequences for any market hiccups.
The potential cost of sleeping through profitable hours in a market that never closes is real.
Conclusion
CoinPanel’s portfolio management solution enables crypto traders to keep track of positions and returns, without having to manually put trades in using a third-party app. Unlike most trading bots, CoinPanel acts as a trading toolset and crypto portfolio management platform in one.
To start trading on CoinPanel, just follow these easy steps: Authorize CoinPanel to your crypto exchange account via API keys, and access can be granted or withdrawn at any chosen time of your choice.
CoinPanel operates 24/7 on your preset strategies, making sure that you wouldnever have to miss these opportunities again.
If you think that CoinPanel is not suitable for your need, you could check another trading platform as Binance.US
