Top Ways How Online Tools Can Help You With Selling And Buying Cryptocurrency
It seems like, over the past couple of years, cryptocurrency has significantly taken over the world, with almost seven thousand cryptocurrencies listed on CoinMarketCap for the time being. That’s precisely one of the reasons why so many investors have decided to join this industry.
A lot of young investors are constantly tempted by it, however, unfortunately, a lot of them have little to no knowledge when it comes to it. This is unfortunate, since investing in cryptocurrency can be quite risky. It’s of huge importance to get yourself familiar with every aspect of it if you want to succeed. Luckily, there are a number of excellent crypto research tools that can help you collect all the necessary information. Today, we will take a look at some of them.
Useful Crypto Research Tools That Can Be Found Online
One of the greatest benefits of it is the fact that it provides traders with a long list of currencies besides the most famous digital coins. Namely, the Binance exchange represents an exchange that was established almost five years ago with a big focus on altcoin trading.
For the time being, it is safe to say that it rules the global exchange field, making up a huge portion of cryptocurrency trading volume on a daily basis. When it comes to leverage trading Binance provides up to 10x crypto trading on spot transactions, as well as up to 125x crypto leverage trading on derivatives traffic. Generally speaking, Binance is intended mostly for investors who want to invest or trade in altcoins that are not as popular.
Messari can be defined as a crypto data aggregator that is packed with a bunch of useful tools that can help you analyse charts, enabling users to make the right trading decisions. Furthermore, it comes with a screener with several filters, like, price and market cap, sector which you can employ to customise your research on different coins.
Generally speaking, this tool is free of charge, however, if you want to make the most of it, then you will have to spend almost twenty-five US dollars on a monthly basis on Messari Pro (which is an upgraded version of this crypto research tool).
What does the membership include? It includes advanced screening, daily insights, watchlist features, and charting. Besides all of this, this software allows you to download data to the spreadsheet.
CoinMarketCap’s Portfolio Tracker
At times, it can be quite challenging to keep track of all your cryptocurrencies, especially if you’re utilising multiple wallets or exchanges. Luckily, there’s an excellent online tool that can help you keep track of all your coins, and it’s called CoinMarketCap. So each time you are buying or selling, you will also have to add the transaction to the portfolio. It may take a little bit of time, but it’s definitely worth it. Out there, you will be able to see these things:
- Overall performance of your portfolio, every day, week, month, and much more
- The activity of certain cryptocurrencies, as well as the percentage of your loss and earnings, along with the average buy price
- Best and worst performing cryptos
Furthermore, with its tracker, you will also be able to create a watch list to supervise interesting coins and employ its other tools to get all the necessary information regarding various cryptocurrencies.
Anybody who has ever tried to open an account for a wallet or digital exchange knows how it can at times be very overwhelming and frustrating. This whole process can certainly be very time-consuming, especially if there’s no one to turn to for information. But that’s why this tool was developed, to help traders deal with this issue without experiencing any problems. They have successfully managed to streamline everything and make things simpler for crypto investors. These are the features that this tool contains:
- It gives you the opportunity to trade across twenty exchanges, and at the same time, compare prices on the screen and choose the best
- You will also receive training notifications through mobile phone, or email that will inform you about the latest trading opportunities
- It allows you to conduct technical analysis and track trends on over 1,500 cryptocurrencies, as well as more than 9,000 pairs
- It also enables to trade without worrying about your safety, since this tool cannot access your API keys and/or funds and you will stay completely anonymous
Being part of the cryptocurrency world is surely very exciting, however, you cannot expect to see any results without utilising some of the online tools that were mentioned here. So make sure to choose at least one of them and make the best use of it.