From crypto analytics tools to market research software, we’ve got you covered. These 10 best crypto tools will take your experience in the markets to the next level.
As the market continues to evolve, utilizing the best crypto trading tools has become evermore essential for every kind of crypto investor. Without the right tools in your arsenal, you won't be able to make informed decisions and optimize your investments. Whether a newcomer or a seasoned veteran, having the right crypto trading tools at your disposal is key to making informed decisions in the crypto market and staying one step ahead of the competition.
With so many crypto trading tools out there, it can be overwhelming to decide which ones are truly worth investing in. To make that choice easier for you, we’ve put together a list of the top 10 crypto tools that will help any investor get ahead.
What Do We Mean by Crypto Tools?
Before we jump into the different kinds of tools, let’s first define what we mean by crypto tools. Crypto tools are essentially software programs that allow you to track and analyze cryptocurrency markets and make informed decisions on your investments. These solutions range from simple apps for managing one's crypto portfolio to complex automated trading bots. No matter how experienced you are in the crypto market, finding the right tools can help you make smarter decisions and maximize your profits.
For example, a crypto wallet serves as a tool for safe storage while trading platforms provide you with the means to buy and sell digital assets. Charting tools can help you visualize market data, while AI-powered analytics tools can give a more comprehensive view of the crypto markets. Other crypto tools include:
- Alerts
- News Aggregators
- Smart Contract Tools
- Crypto Exchanges
- Tax Tracking Tools
- Crypto Portfolio Managers
While crypto tools are incredibly useful, they should not replace your own due diligence. It’s essential to do your own research and understand the risks you may be taking before investing in any particular asset. These crypto tools should enhance your own understanding of the markets and be used as a supplement to your existing trading strategy. Taking the time to improve yourself as a trader is the best way to make consistent profits.
When it comes to crypto tools, we don't mean just any kind of tool but only the most reliable and secure ones that are available in the market. Everyone participating in this market should understand their own unique needs and invest in the right crypto tool accordingly. Only then, can you expect to experience success in the crypto market.
Why Every Investor Needs Crypto Tools
Successful crypto traders within this market should know what they need. Like building a house, financial instruments are like the tools that help construct it. Crypto investors of all types need to equip themselves with the right tools to navigate this complex market and make smart decisions.
In a fast-paced industry, having access to reliable and up-to-date information is essential for making informed decisions. With the right crypto trading tools, you can keep track of emerging trends and develop a better understanding of the markets with real-time data. Without this data, it can be difficult to make informed decisions and stay ahead of the competition. As a zero-sum game, you should always put yourself in the best position to maximize your profits. Even for longer-term investors, black swan events can often cause market swings and having the right tools will enable you to stay ahead of any possible crisis.
Moreover, most crypto trading tools come with their own features and benefits. For example, portfolio managers can help you organize your investments in one place, while news aggregators provide a platform for real-time analysis of developments in the market. Disorganized trading can lead to stress which is often a cause for irrational investment decisions. An abundance of irrelevant news and information can also overload any investor, resulting in a lack of clarity.
Additionally, crypto tools can help mitigate risk. There is a certain level of volatility within the crypto market which makes it difficult to predict price movements or make accurate predictions. Crypto tools can provide investors with insights into the overall health of a cryptocurrency and help determine whether it’s a worthwhile investment. Some tools can even set automatic triggers, alerting the investor if there is a significant drop in value or any other sign of volatility. To preserve capital and reduce losses, crypto tools can be used to identify the best times to buy and sell digital assets.
Investors also need crypto tools to simplify their portfolio management. This includes everything from setting up automated alerts for tracking market changes to keeping track of taxes on all your investments. Having access to these kinds of tools can not only save you time but also help you get greater returns on your investments. Trading incurs taxes and manually calculating them can be time-consuming and tedious. Crypto tax tracking tools can help automate this process, making it easier for investors to keep track of their returns.
On top of that, crypto traders can gain access to sophisticated trading strategies such as automated bots, backtesting software and social trading networks. These strategies and communal support can help make trading easier and more profitable. With the right tools, you can have an edge in the crypto markets and take your investments even further.
As you can see, there are more reasons to use crypto tools than not. Although some of the following tools in the next section come with a fee, there are a few free ones that can help any investor get ahead. Whether you’re a beginner or an experienced trader, these crypto tools will give you an edge in the markets.
The 10 Best Crypto Tools for Investors
#1. Moonrig.io
As a free online crypto portfolio, Moonrig.io helps you track your crypto investments and stay up to date with the latest market trends. From a single dashboard, you can monitor all your holdings on different exchanges, get an overview of your performance, and set alerts for when it’s time to buy or sell coins. With over 100,000 users and over 500 new registrations per day, Moonrig.io is one of the most popular crypto portfolio trackers available on the market.
Moonrig.io also doesn't require your private keys while presenting a personalized and secure platform to manage your portfolio. It incorporates your wallet data without storing it, giving you the flexibility to make smarter decisions. Effortlessly monitor your crypto assets in real time with an interactive dashboard, providing comprehensive details on each asset. Stay informed and empowered with our intuitive interface.
#2. Kubera
Kubera stands out as the sole portfolio tracker in the world capable of seamlessly monitoring traditional, crypto, and DeFi assets all in one centralized location. It is designed for the modern investor and is easy to use. Whether you are a beginner or an advanced crypto enthusiast, using Kubera to make better decisions with your investment is easy. Kubera has a starting plan for $150/year and many people have found that it is well worth the price.
Kubera offers a variety of features, such as the ability to track all your accounts in one place. The ability to manually track the coins that matter to you is also beneficial for a more focused approach. Kubera offers extensive support for DeFi. Not only can you view your ETH balance and ERC20 token balances, but you can also conveniently monitor your Maker Vaults and Uniswap Liquidity Pools all in one unified dashboard. With the ability to send beneficiaries, you can quickly and easily move your assets to different wallets.
#3. LunarCrush
Unlock the power of smarter crypto, NFT, and stock investing by tapping into the valuable insights derived from millions of dynamic conversations happening across social media platforms. Gain a competitive edge and make informed decisions in the ever-evolving world of investing. Although crypto enables a transparent numerical approach to trading, social-psychological aspects, such as the sentiment of the crowd, are crucial factors for anyone to maximize their profits.
LunarCrush provides real-time market intelligence and data analytics using AI-powered technology. It is designed to give investors an advantage in the markets by providing accurate news and insights into volume trends and social media buzz. Lunar is the platform's native cryptocurrency and holding 2,000 unlocks advanced features although their free-to-use plan is also great for amateur traders and crypto-enthusiasts.
#4. CoinMarketCap
As a free crypto price tracker, CoinMarketCap provides the most accurate pricing information for over 5,000 coins and tokens. It delivers real-time prices with charts and historical data. Unlike other exchanges, CoinMarketCap does not charge any fees or require registration. All of their features are open to everyone, making it an ideal starting point for anyone new to the world of cryptocurrency.
With a fear and greed index, community posts, and social media aggregations, investors can stay up to date on the latest trends in the industry. It also provides detailed charts and metrics about each coin. Investors can create watchlists and personalize their dashboards to track the coins they care about most. CoinMarketCap is one of the largest sources of pricing information and a great way to stay informed on what’s happening in the world of crypto.
#5. Crypto Pro
If privacy is important to you, Crypto Pro is an excellent choice. Crypto Pro is a privacy-focused crypto tracker that ensures your data remains secure. With end-to-end encryption, all your information is stored locally on your phone, giving you complete control. This application is available on mobile. Crypto Pro is available to everyone. Discover up-to-date prices, effortlessly track your portfolio, receive price alerts, and stay informed with the latest crypto news.
iCloud Sync enables users to merge this data with their smartwatch, computer, and tablet. With features such as candlestick charts, news aggregators and more, you can gain the insights you need to make smarter decisions. Crypto Pro also supports a wide range of currencies, so you can keep track of all your crypto investments in one place.
#6. Defi Llama
DefiLlama, the leading TVL aggregator for DeFi (Decentralized Finance), is renowned for its comprehensive data. This data is not only fully open-source but also meticulously maintained by a dedicated team of passionate individuals and contributors from hundreds of protocols. With an unwavering commitment to accuracy and transparency, DefiLlama goes beyond data aggregation, offering project ratings and in-depth risk analytics that empower traders and investors alike.
If further participation in DeFi projects is what you're after, DefiLlama has you covered with an easy-to-navigate directory of the most popular DeFi protocols. With coverage of the major blockchain networks, DefiLlama will help you pick the best DeFi platform for your needs. By comparing the total locked value of various projects, you can easily identify which ones are the most successful and secure.
#7. Token Terminal
Token Terminal is a comprehensive platform that collects financial data from blockchains and decentralized applications. It then presents this data in easily understandable financial metrics, providing you with a holistic overview of how a cryptocurrency is performing. With Token Terminal, you can effortlessly check metrics commonly used to evaluate stocks, including the price-to-earnings ratio.
Whether you are looking for a protocol's revenue or total locked value, Token Terminal makes this information easily accessible. By viewing the financial statements of various projects, you can identify the most profitable ones and make wise investment decisions. Token Terminal also provides access to a project's userbase and developer activity which helps gauge how reliable the project is and whether it's worth investing in. The platform also keeps you up to date on the latest news and events related to a given cryptocurrency, allowing you to stay ahead of the game.
#8. Into The Block
From NFTs to capital markets and even DeFi, Into The Block is the go-to source for everything crypto. It provides in-depth metrics and insights that are critical to making wise investment decisions. With its intuitive user interface, you can explore all the nooks and crannies of cryptocurrency markets without getting lost along the way.
Get access to advanced data for over 900 crypto assets, covering a comprehensive range of information across 9 Blockchains. Explore the fascinating world of cryptocurrencies with our time machine feature, which includes full historical data. Stay informed and make informed decisions with our extensive data offerings.
#9. Chainalysis
Chainalysis, an American blockchain analysis firm based in New York City, was established in 2014 by co-founders Michael Gronager, Jan Moller, and Jonathan Levin. It holds the distinction of being the pioneering start-up solely focused on Bitcoin tracing. World-class companies from Square, Barclays, Gemini and more, rely on Chainalysis to monitor various aspects of the cryptocurrency industry and identify illicit activities.
Chainalysis offers a range of key features that help crypto businesses comply with regulations and limit risk exposure. This tool offers data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity firms across 70+ countries. This data platform empowers investigation, compliance, and risk management tools that have successfully resolved some of the world's most notable cyber criminal cases and expanded secure consumer access to cryptocurrency.
#10. Accointing
Finally, taxes can be a complicated and tedious affair when it comes to cryptocurrency investments. Accointing is the go-to platform for managing your crypto taxes efficiently. This comprehensive suite of tools makes it easy to track and report all your digital assets, so you don’t miss out on deductions or incur penalties. With Accointing, you can seamlessly calculate capital gains/losses, manage crypto cost bases and get comprehensive tax reports.
Accointing also allows you to store information on all your digital assets in one place, making it easier to keep track of your investments and understand the impact taxes can have on them. With free tax report for up to 25 transactions per month, you can be sure that your tax obligations are taken care of. Accointing's advanced features and easy-to-use tools make it the perfect tool for managing your crypto taxes with ease. Users can instantly import all your transactions from any exchange, wallet or DeFi platform to easily generate detailed tax reports.
Frequently Asked Questions
Which Software is Best for Crypto Trading?
The best software for crypto trading will depend on your investment goals and how experienced you are in the market. For beginners, we recommend a portfolio manager and news aggregator to stay up to date with developments in the markets. For more experienced traders, automated trading bots can help fine-tune their strategies for maximum returns.
Can I Automate Crypto Trading?
Yes, you can automate crypto trading with the help of automated trading bots. These bots use algorithms to track market movements and execute trades on your behalf. They are a great way to maximize profits without having to constantly monitor the markets yourself. By setting predetermined criteria for buy and sell orders, you can automate your trading strategies with minimal effort. Of course, money can be lost, so it is important to carefully conduct your own analysis of any financial trading instruments.
Are Crypto Tools Safe?
Yes, crypto tools are safe to use. Most of these tools have been built with security in mind and incorporate advanced measures to protect your data. However, you should always do your own due diligence before using any tool. Make sure the software has a good track record and is backed by a reputable company. Never give up your private keys or passwords and always use two-factor authentication when possible.
Do Crypto Tools Generally Cost Money?
Yes, many crypto tools come with a fee. This can range from a few dollars to hundreds or even thousands of dollars depending on the features and services provided. However, there are still plenty of free crypto tools available that offer great value for your money. Be sure to compare prices and features before making any decisions.
