Decentralization is the strength of blockchain focused projects, but when it comes to trading it can also be a huge nuisance. Cryptocurrency traders live with the huge inconvenience of needing to access multiple apps and terminals to effectively execute their trades. It’s one of the most painful aspects of trading in cryptocurrencies, and one that has likely stopped more than one trader at one point or another.
Not only is it inconvenient, it also means taking the time to learn how to use all the trading tools properly, and in some cases there are additional costs as well. At some point even the most patient trader will come to wish there was an all-in-one solution for trading that simplified the whole mess and put it all in one convenient place. If there were additional tools to manage your crypto portfolio more efficiently that would be an added bonus.
Fortunately there is a platform just like that and it’s called Atani. The name “Atani” comes from Japanese language and it means “to you.” That name demonstrates the desire of the development team to give the users of this excellent (and free) desktop app a set of simple tools to make cryptocurrency trading easier and more efficient. With Atani traders can do away with the frustrating need to use a variety of apps and tools in their trading.
In this review we’ll take a better look at Atani. We’ll see how it can be used best, and what features and benefits traders can expect when using Atani. We’ll also see if it deserves all the hype and its growing reputation as one of the top startups in fintech in 2021. And finally we’ll come to a conclusion regarding Atani’s claim that it is a one-stop solution to all your cryptocurrency trading, asset management, and tax reporting needs.
What is Atani?
You might have come across Atani before and not realized it because the company and app were originally called Etoshi. Launched as a standalone desktop PC app in 2019 it began and still has versions for Windows, Linux, and Mac OS. There is no web-based version, primarily for security reasons. However Atani recently released a mobile version of the platform for both Android and iOS devices. According to Atani they will be releasing new versions regularly in the coming weeks and months to provide full portfolio tracking and trading functionality. Also, in terms of security, it will be as secure as the most secure non-custodial mobile wallet.
In most basic terms it is nothing more than a cryptocurrency trading terminal. That might not be so impressive, however it was and remains the only cryptocurrency trading terminal with such a rich and complete set of tools for trading, managing portfolios, investing, and managing tax reporting all in one place.
The Atani interface remains simple and intuitive, and it can be used to execute trades on more than 20 of the top global cryptocurrency exchanges. The terminal also includes real-time data that can be used to calculate portfolio values or even tax liabilities. Later in the review we’ll go into both these features in greater detail.
Unsurprisingly given the feature rich trading terminal, the ease of use and intuitive interface, and the powerful benefits of the platform, Atani has quickly established itself as one of the most promising blockchain related startups in Europe. Although it’s only been in existence for less than three years it has already won numerous awards.
- Top Blockchain Pick at TechCrunch Disrupt, 2019
- Top 10 Fintech Start-up at South Summit, 2019
- Top 100 European Start-up by Red Herring, 2020
- Top 12 Global Start-up at the Mobile World Congress, 2020
- Top 3 Start-up at the European Blockchain Convention, Barcelona, 2020
- Top 3 Technology Innovation Project by Neotec-CDTI, Spanish Ministry of Science and Innovation, 2020
- Supported by the Entrepreneurship Programme of ENISA, Spanish Ministry of Industry and Trade, 2020
- Seal of Excellence in Innovation by the Spanish Ministry of Science and Innovation, 2021
The early success of the project has also put Atani in the spotlight as one of the most promising investment opportunities for venture capital firms. The May 2019 seed round brought the firm €600,000 from a combination of JME Ventures, Lanai Partners, and Encomenda.
Atani Pros and Cons
- Unified trading terminal supporting 20+ exchanges, 1,500 cryptocurrencies, and 9,000+ trading pairs.
- Easy to download and sign up.
- The app is available for free.
- Audited tax reports for users in select few countries.
- Real-time market reports and portfolio tracking.
- Free charts, charting tools, and analytics.
- Full control over your APIs.
- The non-custodial framework means Atani has no access to your funds.
- Some new users may find the user interface a little challenging at first.
- No support so far for futures and margin trading.
- No tax reports for users outside the 30 currently supported countries.
Atani is basically a trading terminal and it is very powerful. It allows you to connect to 22 different cryptocurrency exchanges and it has all the following features:
- Real-time order books with 100ms latency.
- Track and trade over 1500 cryptocurrencies and 9000+ pairs.
- There are no intermediaries involved.
- No additional fees.
- The data infrastructure processes over 1 billion daily events in real-time.
- Advanced orders such as Stop Loss, Take profit, OCO.
Connecting an Exchange to Atani
In order to connect your chosen exchange with Atani for trading purposes you’ll first need an API Key from the exchange. This is how you authenticate and connect to the exchange when using the Atani terminal.
Atani also makes it easy and convenient to create an account with an exchange right from within the Atani app. That way if you need an account at a new exchange it’s a simple process and you never need to leave the app. Plus Atani can get you some trading discounts when you register with certain crypto exchanges.
In order to connect an exchange with Atani using API keys simply follow the six steps below:
- Log in to the exchange account that you want to connect Atani.
- Create an API key and set its permission to ‘Trade’.
- Then, copy the API key and its associated secret key.
- Go to the ‘Exchange’ tab in Atani’s desktop application.
- Click on the same exchange. Each exchange has its own help section.
- Paste the API and secret key and click on ‘Connect Exchange.’
As you might have already guessed from what’s already been included in this review Atani has done an amazing job at packing the app with all the features a cryptocurrency trader might want or need. From the obvious feature of enabling trading across many different exchanges to pulling in real-time market data and analysis to portfolio tracking and tax reporting there are an entire box of tools available in the Atani app. Let’s have a closer look at them individually.
9,000 Crypto Pairs & 20+ Exchanges
With its connections to over 20 different cryptocurrency exchanges Atani supports trading more than 1,500 individual cryptocurrencies and over 9,000 different trading pairs. There’s simply no way to get access to more cryptocurrencies and trading pairs. You’ll find many of the most popular exchanges supported by the platform, including Binance, Huobi, Coinbase and many others.
That means if you already use one or more of these supported exchanges you will be able to trade on them all through the Atani terminal. No more switching from one website to another to complete all your trades. And Atani supports all the basic market order types you would need such as:
- Market orders
- Limit orders
- Stop loss orders
- Take profit orders
- One-cancels-the-other orders
Another benefit that many traders don’t think of is that because the app links directly to the exchange via an API you won’t have to worry about outages during peak periods of demand. The API connection will continue to give you full access to the exchange and your trading won’t be interrupted in any way.
Real-Time Portfolio Alerts
Atani allows you to set price alerts for every one of the supported 9,000+ trading pairs across every one of the 20+ supported exchanges.
Never again will you miss a trade because a pair hits one of your price targets when you aren’t logged in and watching the markets. Enjoy monthly free alerts for up to 1,000 emails, 200 SMS and 30 phone calls each and every month.
Charts and Analytics
Atani has many of the TradingView tools integrated right into the app, giving you unparalleled charts and analysis capabilities.
Just look at the technical analysis features you’ll be able to enjoy when trading through Atani:
- Chart types: Bars, Candles, Hollow Candles, Heikin Ashi, Line, Area, Baseline. Chart types: Bars, Candles, Hollow Candles, Heikin Ashi, Line, Area, Baseline
- 80+ technical indicators, such as Bollinger Bands and Moving Averages80+ technical indicators, such as Bollinger Bands and Moving Averages
- 50+ intelligent drawing tools, such as Fibonacci and Gann rations, Elliott Waves and many more50+ intelligent drawing tools, such as Fibonacci and Gann rations, Elliott Waves and many more
- Personalize time intervals & date ranges: minute, hour, day, week. Personalize time intervals & date ranges: minute, hour, day, week
Audited Tax Reports
One of the best features of Atani is the audited tax reports that can be generated from within the app. The app will automatically generate tax reports for over 30 jurisdictions around the world. These tax reports can be easily downloaded and the company claims that all the tax reports generated are audited by one of the Big Four accounting firms.
The tax reports are available for 30 countries across the Americas, Asia, and Europe including for traders in the U.S. The report generates both Form 8949 and Schedule D for U.S. tax filing.
Here is a list of the countries that are currently supported by the tax reporting through Atani. In addition to these the company is working on adding more countries in 2021. (Austria, Belgium, Brazil, Canada, Chile, Cyprus, Czech Republic, Denmark, Estonia, Finland, Germany, Hungary, Indonesia, Israel, Italy, Latvia, Lithuania, Luxembourg, Mexico, Netherlands, Norway, Philippines, Russia, Slovakia, Spain, Sweden, Switzerland, Taiwan, Thailand, and the USA)
Privacy and Security
The first thing you need to know about Atani is that they take security very seriously. This is why they decided to develop a desktop app rather than a web-based app. Developing Atani as a desktop app was far more expensive and time consuming, however it also gives traders a far more secure environment. It also means that Atani is a non-custodial platform that does not ever need access to users’ funds.
Because Atani is a non-custodial platform it means that your funds are never at risk, even if Atani itself is breached by hackers. In addition, the company uses military-grade AES-256 encryption to protect the APIs that are stored locally on your own PC.
One nice thing regarding privacy is that Atani does not require any KYC paperwork, so there is no personally identifiable information held by Atani.
The Atani Team
Atani was founded by Paul and Haydée Barroso, a brother and sister from Spain with long experience in trading and financial markets, and a passion for cryptocurrencies. Both of them became adopters of cryptocurrencies very early on, and this led to the realization that the crypto markets needed some type of terminal that would keep traders from having to deal with so many disparate platforms.
It is true that the exchanges have come a long way in a short time, but there are still so many differences, and one of the most challenging comes from the ever changing regulatory environment. It was just this that had the Barroso’s come up with the concept for a unified platform providing a consolidated trading experience. The birth of Atani allowed traders to disregard all of the challenges regarding user experience in multiple trading platforms and simply focus on trading.
Also contributing to the launch of Atani as a platform is the deep technical background the Barroso’s brough to the project.
Paul Barroso is the CEO of Atani and a former senior software developer for Morgan Stanley. While working there he was responsible for coding a matching tool that utilized data intelligence channels. As well as other projects for the investment bank. This experience gave him the tools and knowledge needed to create the Atani platform. After leaving Morgan Stanley he also created his own proprietary crypto-related trading desk for trading across spot, margin, derivatives, options and OTC markets.
Haydée Barroso is the COO of Atani and a former senior financial executive. Prior to founding Atani she worked as Head of Digital Strategy for InnoCells, a hub of new digital ventures by Banco Sabadell.
The two launched Atani in 2019, with the first marketing push aimed at London, Barcelona, and Madrid. With operations now spanning the globe the company and platform have grown and evolved very rapidly. The company now employs nearly two dozen talented individuals and continues growing rapidly.
While it is hoped that customer support won’t be needed when trading through the Atani platform, if it is you can contact the knowledgeable support team via email at email@example.com. In addition there is an FAQ section on the website which answers most common questions, and an Atani Academy with a number of short videos that inform on how to use the Atani platform. There is also a small English Telegram community where you can get help.
When you think about it there are really four primary characteristics that recommend using Atani for your own trading. Those are its security, its cost (free), its ease of use, and its extensive features.
As you know from the review above the app takes both security and privacy very seriously. That means non-custodial holdings and no KYC requirements.
In terms of features the app is fully loaded, and you’ll not find a similar app with a better feature set. There aren’t many things that a trader would need that aren’t already included in Atani. From technical analysis to tax reporting, Atani has you covered.
When it comes to ease of use it is true that novice traders might struggle initially, but there are enough resources and tutorials that it shouldn’t take long to get up to speed. Also, we think it is better to learn just one user interface at Atani rather than learning all the various exchange interfaces, as you would need to do without Atani.
Of course Atani remains free to use as well, and that is a huge recommendation. There are plans to introduce a premium product in the future, but there should still be a free option since founder and CEO Paul Barroso has already said he would be pursuing a freemium model for Atani, which means there should always be a free option available.
As a bonus you can also get a discount on trading fees with a number of exchanges if you register with them through the Atani platform.
Overall there are just so many benefits of using the platform and no real downsides. It’s free, so why not give it a try and see for yourself if it enhances your trading.
Featured Image via Shutterstock