If you are interested in crypto trading tools to make more successful trades in the future, then this list will be right up your alley.
We are all looking to improve how we trade. Better manage our risks and increase our gains. Sounds simple? Well with the right tools it will be a lot easier.
That’s why we wanted to list the 11 top crypto trading tools that we, right now want to recommend to our readers. These crypto trading tools have been tried and tested by our team here at Go CryptoWise.
Our favourite crypto trading tools right now
1 ) CryptoID – Blockchain explorer
This is a an aggregator of blockchain explorers in one place. A blockchain explorer is a tool which lets you track all the recent and past transactions made. You can also search for specific transactions using the unique transaction ID. And you can also search for wallet addresses.
This allows you to easily keep track of the holdings of a specific wallet. With CryptoID you can for example keep track of Litecoin, DASH, Pivx and many more.
2 ) CryptoCompare – Comparison tool
CryptoCompare lets you compare many interesting cryptocurrency and blockchain tools and products. For example have you ever wanted to try mining Bitcoin or another cryptocurrency? Find out how long it will take for you to regain your initial investment and make a profit. Compare equipment, mining tools and much more at CryptoCompare.
3 ) MyEtherWallet (MEW) – Ethereum based wallet
That means Ether (ETH) and all the tokens created on the Ethereum blockchain. The service is completely free and easy to use. They have recently spent some time improving the look and feel of their site. MEW is one of the most well known Ethereum wallet interfaces around. It has been trusted by many cryptocurrency holders for years now.
4 ) Binance – Cryptocurrency exchange
Binance is right now according to use the leading cryptocurrency exchange in the world. If you factor in the selection of cryptocurrencies available for trading. To the trading volume, and their SAFU fund.
In recent times they have launched Fiat gateway sites, added a new US (soon to be launched) U.S cryptocurrency exchange. To counter the regulatory issues on the U.S market.
Binance officially launched their fiat to crypto earlier in January 2019, called Binance Jersey. Taking their next step to further (Binance announcement) label themselves as one of the leading cryptocurrency exchange in the world.
What we like about Binance is that the exchange is very easy to use. They have spent time creating a good user experience. And it is fairly intuitive. Nothing to extravagant and recognisable trading features.
Binance have also been good when it comes to communication. Often providing quick and handy updates to their users. It is actually not often the case when compared with other cryptocurrency exchanges.
5 ) KuCoin – Cryptocurrency exchange
Another favourite cryptocurrency exchange of ours right now is Kucoin. There are a lot of good crypto exchange
Kucoin launched in 2017 and fairly quickly made a name for itself in the crypto world due to its quick adoption of altcoins. Often new and exciting altcoins were first to launch on KuCoin with others to follow. KuCoin also have theirown coin called Kucoin Shares (KCS). Which is a passive income coin, where you as a holder of KCS gets a percentage of the trading fees from the Kucoin exchange.
This percentage is paid out daily in KCS and allows you to increase your holdings, and thus the future rewards with the compound interest model working in your favour.
Overall Kucoin has proven to be a leading cryptocurrency exchange. And a strong competitor to Binance. Kucoin holds most of the popular coins, and they are also often one of the first to add new exciting altcoins.
6 ) BlockFi – Crypto Lending
“Earn Up to 6.2% Annually on Your Crypto”BlockFi
Crypto lending company BlockFi have tried to entice crypto holders to skip the secure hardware wallets for a more lucrative option. If you had Bitcoins stored on an exchange and not used, you could use BlockFi to lend it out to fellow traders. And earn interest in return.
We have also recently seen that Binance have entered the crypto lending space. By allowing their users to lend out their Bitcoins, Ethereums, BNBs or USDTs and earn interest. From 7% annually to 10% +. This makes holding your cryptocurrencies on an exchange more attractive.
So instead of having your cryptos and Ledger wallets gathering dust at home, maybe you should check this crypto trading tool out and earn some passive income while at it.
7 ) Gem – Cryptocurrency portfolio app
We have talked a bit about the two famous crypto portfolio apps, Blockfolio and Delta here at Go CryptoWise. But in this crypto trading tools list we wanted to give a shout out to another really slick and awesome crypto portfolio app. That goes by the name of Gem.
If you haven’t checked it out yet, do so. It looks good, and has some nice features. Like the exchange sync and visually really pleasing portfolio tracking.
It is nothing ground breaking, but it delivers it in a nice packaging and easy to use UX and UI. So check Gem out to find out more.
8 ) CryptoSpotlight – Trading signal tool
CryptoSpotlight is another handy crypto trading tool that we think deserves to be on this list. This tool gives you trading signals for the cryptocurrencies that you want to follow. With these signals that gets sent to your phone or computer you can quickly get updates and make trades before the masses.
How it works is that it sends out signals or notifications when a cryptocurrency gets a spike in interest or attention. Which can happen at any time, and is based on real life events. It is a subscription model and they are promising good returns or the money back guarantee. So might be worth for your to check it out.
9 ) 3commas – Crypto trading bot
3 Commas remain one of the most recent crypto trading software in the market. The excellent profits that people see from 3 Commas are beyond anticipation. Even at the period of bear crypto markets, the system has been able to provide results. During cryptocurrency bull operations, 3 Commas can help with more gains. With this software, traders have the chance to trade a plethora of digital assets.
The 3 Commas trading software is in full operation 24/7. It supports Binance, KuCoin, Poloniex, Bittrex, and BitFinex. The professional package of the software is eighty-two dollars. For starters, the 3 Commas trading bot is around twenty-four dollars. If you want to enjoy the crypto trading market, 3 Commas is the right software to use.
10 ) Shrimpy – Crypto trading bot
In the world of crypto trading bots, Shrimpy remains a leading system. The real area of operation of Shrimpy is the portfolio management environment. Rebalancing is a fundamental portfolio technique that Shrimpy uses to operate. Creating an account on Shrimpy will help in automating your portfolio within minutes.
It will help to insert a rebalance time, choosing assets, and adding exchange API keys. Using Shrimpy will help you handle crypto activities with ease. The API system of this product operates in the form of a full management solution. Shrimpy also provides users the opportunity of communicating with other people.
It is a way of collecting data, implementing trades, and accessing an account. With low latency trading, Shrimpy is one of the best applications to use. If you are using the Shrimpy API keys, then forget about spending money on maintenance. The customer support is always available to handle updates and exchange integration. Shrimpy supports exchange platforms such as KuCoin, Kraken, Binance, Coinbase, and Bittrex.
11 ) The Flippening Watch – ETH vs BTC market cap tool
This tool, or site is a bit harder to define. But it tracks the cryptocurency market cap of Bitcoin and Ethereum. And when Ether’s market cap overtakes Bitcoins, the flippening has happened. And the prince have overtaken the king. Right now Ether’s market cap is about $19 million and Bitcoin’s is $186 million. So there’s a bit to go for Ether before it gets even close.
Bitcoin is still the king of cryptocurrencies, and so many altcoins with Ether including dreams of getting close, if even surpassing Bitcoin’s current market cap one day. But right now we are seeing a lot of altcoins struggling.
This crypto trading tool is brilliant, with a clear focus on what it is about. Lets see if we get even close to see a flippening happening in the coming years or not.
We hope you liked this list of crypto trading tools. Which ones of these are you using today? Send over your favourites to us and we might add them to another one of our lists in the future! Also check out our big list of handy crypto tools.
Per Englund – Founder of Go CryptoWise a cryptocurrency and tech fan that want to see better and smarter products and services that makes our lives better and easier