Four Essential Tools For Every Cryptocurrency Trader & Investor

Four Essential Tools For Every Cryptocurrency Trader & Investor

Digital Currency is definitely quite fascinating for the pockets of traders and investors. As the profits are much higher than anyone could think of.

But, there are many investors who are unaware of many processes going on in market, all they know is how to buy coins and invest in them. Without knowledge, it can be a risk as well.

So, just to keep Crypto traders aware and updated about the Crypto market, here is the list of some of the most essential tools for Cryptocurrency traders and investors. Let’s take a look at these tools and their functionality as well.

Starting Now!

1. BitcoinTalk

This is the must have tool that every crypto trader should use, developed by Satoshi Nakamoto in 2009. It’s one of the most used cryptocurrency platform where around 20 million people from around the world actively discuss about topics related to Crypto such as Blockchain, smart contracts, altcoins, mining and many more. Also, there are ICO announcements on this forum, where every ICO can publish notices and can also receive feedbacks from the users. This can be a useful tool for traders to understand the market and supply chain better.

2. CryptoCompare

This was started in 2014 by Charlie Hayter and Vlad Cealicu, who had to leave their jobs for this platform. And now it is one of the oldest and authentic resource platform for Blockchain technology and other forms of cryptos as well. This platform allows traders to interact with each other, where you can discuss about the recent Crypto trends and can also stream market analysis in real time.

What all fields does it contain? It has almost everything related to crypt market such as coins, exchanges, mining, wallets, casino, forum and portfolio. It gathers all the detailed information at one place in form of a package so that traders stay updated of the latest trend. This can be a great tool for traders who earn as a middle-men or broker as well.

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3. CoinMarketCap

It’s a data center for all the crypto market, where you can buy, sell, and exchange several coins & tokens. It states all the details about that particular product such as its financial data, value, market analysis, etc.

This platform has four functionalities that are:

  1. Market Value: Information about the all cryptocurrencies, token and coins.
  2. Trading Volume: Shows 24-hour volume rankings of currency and exchange. Also, monthly volume rankings of currency.
  3. Trends: Displays who are recent gainers and losers, and also currencies that are recently added in the list.
  4. Additional Tools: Tools to help out user with many other complex functions such as Currency Converter Calculator, Global Charts and many more.

4. CoinSpectator

This tool for Crypto traders is mandatory as it keeps you updated with the current news and latest trends going on in market. It provides traders and investors with real-time news and sources that displays popularity rankings, ICOs. With this users’ can rely on feed for information provided for further investments and trading.  Users can also vote and if the information in not authentic or is invalid, it is removed from feed immediately on the portal.

So, this was all guys! This is the list of some of the essential tools that each and every Crypto trader should use. Stay updated and make more profit like never before by using these tools.

If you found this helpful, please let us know. You can also drop your feedback in the comment section below.

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Anuj is a content writer for Systweak and being from an engineering background, likes to get more in-depth with technology and gadgets. He likes playing video games and reading in his free time.

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