Looking to trade cryptocurrencies and want to learn about the best tools out there? Look no further.
Here are some of the top tools for trading crypto that would help you navigate through this emerging cryptocurrency sector. Some are designed for beginners, and some remain advanced enough to be used by experienced traders.
Exchange Tools
To trade cryptocurrencies, start with a cryptocurrency exchange. Here a few of the most prominent cryptocurrency exchanges to begin your cryptocurrency trading journey.
Coinbase
As one of the top exchanges in the world, Coinbase is a primary choice for many cryptocurrency traders. For beginners, its app serves as a one stop shop to buy popular cryptocurrencies through credit cards. But with that being said, the choice of cryptocurrencies remains limited.
Binance
Binance is another exchange that is famous throughout the world. It offers over 300 cryptocurrencies to trade from over nominal rates. But it is a bit more advanced to use than simple exchanges such as Coinbase.
Bittrex
Bittrex offers a mix of functionality and ease under one umbrella. With over 300 cryptocurrencies and various deposit and withdrawal options, it serves as a great choice for traders who want to get the most out of their experience.
Wallet Tools
Storing your cryptocurrency is just as important as buying it. While you can store your cryptocurrencies with the exchange you bought them from, it is advised against due to security reasons. That is where these digital wallets come in to help you keep your assets safe.
Mycelium
Mycelium is a cryptocurrency wallet that supports Bitcoin. It is one of the most widely used wallets that help you keep your cryptocurrency information safe and secure right through your phone.
Jaxx Liberty
Jaxx Liberty (formerly Jaxx) is a popular cryptocurrency wallet that lets you store a variety of cryptocurrencies in a very easy to use interface. Due to functionalities such as in-wallet exchange support by third-party providers, it is widely used by new and experienced traders alike.
Coinomi
Coinomi is another name in cryptocurrency wallets prized because of its security capabilities. The app comes in an intuitive and aesthetically pleasing interface with support for in-wallet exchanges.
Portfolio Tracking Tools
Knowing about the value of your held cryptocurrency and the one you are about to buy is crucial to successful trading. These apps help you in this aspect.
TradingView
TradingView is a value tracking app. It doesn’t just track your select investments in cryptocurrencies but also tracks stocks and other mainstream markets. The app’s free version comes with ads, but upgrades remove these ads while also adding more advanced features.
Blockfolio
Blockfolio is yet another cryptocurrency portfolio tracker that lets you know where your investments stand at a particular time. Its interface is simple and easy to manage, while its prices are mostly accurate.
Delta
Delta is also a cryptocurrency-exclusive portfolio tracker, but which has support for more coins in real time trading volume. Most users keep switching between Delta and other apps to be on top of their investments.
Miscellaneous Tools
There are a few tools that don’t fit under a conventional label, but which seem to be very useful due to the features that they bring to the table. The following tools do just that, and make life easier for both new and experienced traders.
Trade.io
Trade.io is a comprehensive way to track events as they happen in the cryptocurrency world. From coin launches to the performance of specific cryptocurrencies in the real world, the platform lets you keep tabs on your most important cryptocurrencies and events.
CoinMarketCap
CoinMarketCap is synonymous with cryptocurrency market value. As a platform that derives information regarding cryptocurrencies, exchanges and trading volume all under one platform, it is one the most popular solutions to stay up to date with moves in the cryptocurrency markets.
CoinCheckup
Available through its website, CoinCheckup allows you to deeply analyze any specific cryptocurrency with its market value, past performance, as well as its trading volume. It is considered as an alternative to CoinMarketCap by many.
All of these tools are imperative to a crypto trader’s arsenal. They let you get the most out of your trading experience while also being quite easy to use. With that being said, don’t hesitate and explore new options. At the same time, make sure to always use credible platforms and app developers and to never share your private keys.
