Gainium – A Fully-featured Crypto Trading Platform (Review)
Gainium is a platform for cryptocurrency traders that offers a comprehensive set of tools for both manual and automated trading. The platform provides a centralized hub for traders to manage their portfolios, research and test strategies, deploy advanced trading bots, analyze trade charts and statistics, and much more.
What sets Gainium apart from other platforms is its advanced features for technical traders , including webhooks and API for external integration and a suite of pre-built trading bots that can help traders make profits in any market conditions.
Additionally, Gainium offers backtesting and paper trading options, allowing traders to test their strategies before putting their own money on the line.
With Gainium, traders can connect their accounts on exchanges, including Binance, Binance US, Kucoin, and Bybit. This enables traders to launch bots that buy on one exchange and sell on another, making it easier to take advantage of arbitrage opportunities.
Whether you’re a seasoned trader looking to automate your trading strategy, or a beginner looking to test the waters, Gainium is a platform that’s worth exploring.
Let’s delve deeper into Gainium’s key features so you can have a better idea if it’s the crypto trading platform for you to use or not.
1. Comprehensive Trading Tools
Gainium offers a wide range of tools for both manual and automated trading, making it a one-stop-shop for traders of all levels. With Gainium, traders can manage their portfolios, research and test strategies, deploy advanced trading bots, and analyze trade charts and statistics.
2. Advanced Features for Technical Traders
Gainium provides webhooks for external integration, making it easy for more technical traders to build and implement their custom strategies. Additionally, the platform offers a suite of pre-built trading bots, including Grid Bot, DCA Bot, and HODL Bot, among others.
If you are a seasoned trader, you can fiddle around the settings to match it up with your strategy.
3. Backtesting and Paper Trading
Gainium offers backtesting and paper trading features , allowing traders to test their strategies before putting their own money on the line. This feature provides traders with a low-risk environment to refine and perfect their strategies before going live.
4. Multiple Exchange Integration
Gainium allows traders to connect their accounts from a range of exchanges, including Binance, Kucoin, and Bybit. This enables traders to launch bots that buy on one exchange and sell on another, making it easier to take advantage of arbitrage opportunities.
5. User-Friendly Interface
Gainium features a user-friendly interface that makes it easy for traders to navigate the platform, set up bots, and manage their portfolios. The interface is designed to be intuitive, allowing traders to get started quickly without any prior technical experience.
Since I am already familiar with trading platforms and tools like Gainium, I can confidently say that it is quite easy to navigate. But for people who are new to the field, it might take a bit of time to get used to, especially if you would like to get a bit technical.
A Look into Gainium’s Interface
Like every platform that does it right, Gainium has both Light and Dark Modes. If you don’t have this on your platform and it’s already 2023, I don’t even want to see it.
Anyway, upon logging in on the trading platform, you will be greeted by this dashboard:
At a glance, you will see your portfolio’s value. You can also filter it based on the coin you have. And on the right side, you can see your profit and loss.
A bit further down you will see an overview of all your active trading bots, grid bots, their status, profit, and loss.
And below it you will see Bankroll and your latest orders. Bankroll in this case simply means the USD value of all the currency you have in your exchanges.
Moving on to the Portfolio page, all of the crypto tokens you have will be listed and aggregated.
Your portfolio is also categorized based on the ecosystem they live in. For example, if you have BUSD, then it will show up under BNB Chain Ecosystem and so on.
And finally, for the portfolio, you will also see the summary of your balance, the market cap, exchange value distribution, and your top and worst performers in chart form.
If you are familiar with trading terminals in other exchange platforms, you won’t find yourself lost on this one since it is pretty standard stuff.
Here you can place orders to either buy or sell, and this is where you can also switch between exchanges like Bybit, Binance, Binance US, and Kucoin. This is where you can also choose which trading pair to play on.
Next is the grid bots table where all of your active bots are listed. This is also where you can create a new bot for different trading pairs.
Creating a bot is simple, you simply need to click on the New button above and you will be redirected to this page as shown below. Here, you can fiddle around your bot’s settings.
In my case, I want to trade with LTCETH pair, or Litecoin and Ethereum.
Depending on your settings above, you can simulate it first by using the backtesting feature to ensure you will not just suddenly lose money.
Here’s the result of the quick backtesting I did. I didn’t spend much time setting it up, but I can imagine those who are more invested in this will have a field day doing a lot of tests.
That said, the Trading Bots page is where your active bots are listed. Here you can see your coin pairs, their value, profit, unrealized profit, your daily average, how long the bot has been active for, and the like.
Adding a new trading bot is easy. Just like before, click on the New button on the upper right and you will be redirected to this page:
On the right hand side you can set up your bot with the strategy you like. I took screenshots of all the fields you can fiddle with, from left to right, top to bottom:
Why Use Gainium?
Traders may choose to use a tool like Gainium for several reasons like increased efficiency, improved strategy, testing, easy portfolio management, arbitrage opportunities , and the like.
In my opinion, the standout feature of Gainium is its backtesting and paper trading capabilities. This gives traders the ability to test their strategies in a simulated environment without risking any real money. As a result, traders can make necessary adjustments and fine-tune their strategies to their liking, all in a low-risk environment before executing live trades.
As I mentioned a couple of times, Gainium’s backtesting and paper trading feature is one of the best and probably the most important tools a trader could have. I can easily see myself using this several hours a day, simulating all possible settings in order to craft the best strategy for my trading bots.
On top of that, at the moment there are no fees involved. Gainium is currently in the Beta testing phase and all fees are waived, so users can enjoy unlimited grid bots, unlimited DCA bots, and complete API access, along with all of its features. In exchange, the Gainium team expects their users to provide valuable feedback so they can improve their platform.
As far as I can see and understand, at the moment they only support Binance, Binance US, Kucoin, and Bybit. I checked their documentation if there’s any mention of other exchanges but I am not able to find any. But since they are still in the Beta phase and are still actively developing key features, I would expect the list to grow in the future.
A tool like Gainium offers traders a comprehensive set of tools and features that can help them trade more efficiently, test their strategies, and increase their profits. Whether you’re a seasoned trader or just starting out, Gainium is a platform that’s worth exploring.