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Crypto Trading Tool Checklist for Beginners in 2019

Crypto Trading Tool Checklist for Beginners in 2019

As an investor or a trader in cryptocurrency, you will need to always be on the ball with crypto prices. 30 seconds late of a trade can result in a big loss in this volatile market.

Any good trader should be obsessed with checklists, plans and discipline (Img.source: Google)

That‘s why many traders have a set of cryptocurrency apps on their mobile phones to always stay updated.

Here’s the definitive apps you could use to improve your trades, from showing real-time prices, to catching the latest news on the market:

  1. Coindesk (Android and iOS)

If you’re looking to get instant news and latest happenings, Coindesk is your best bet. The app also gives you access to graphs, calculators, price notification and price charts. CoinDesk strength lies in its coverage on big boys like BTC and ETH.

2. Bitgasp Trading demo platform (PC, Browser)

The Bitsgap team brought trading closer to novice users and introduced a demo-mode that allows testing trading strategies in a risk-free environment on all the supported exchanges. With real-time market data & +1000 trading pairs, it’s a good place for you to test the water without risking your money.

Bitsgap.com

3. CoinTelegraph (Android)

Sleek design with the latest news (Pic: Google)

CoinTelegraph will give you access to everything Bitcoin, Blockchain, and Finance. It is also a good app to get news on Altcoins as well. Though one thing you have to remember about news outlet is that these news are better for long term speculation or to fact-check about the past, and rarely day-trading opportunity

4. CoinStats

CoinStats is a simple but highly useful crypto portfolio tracker. This mobile app is available for both Android and iOS devices. It features an easy-to-use interface and a pleasant design. CoinStats helps you to easily keep track of your portfolio as you are able to view the amount you are holding in each digital currency. You are also able to view how much your crypto portfolio is worth in accordance with market movements.

Moreover, you can set it to send you an alert when the price goes lower or higher than your desired amount. CoinStats also features a converter that helps you to figure out what an amount in a certain currency, say bitcoin, is in other digital currencies.

5. CoinCheckup (Android, PC)

CoinCheckup, just like a health checkup, is a one-stop shop as well as the most integrated solution available freely in the market to analyze cryptocurrencies.It is a crypto research platform that gives you a lot of insights on different cryptocurrencies from various angles. Some of these angles are:

  • Charts
  • Fundamental analysis of coin
  • Coin specs
  • Investment stats
  • Predictions
  • News etc…
That’s A LOT of TABS! (Sauce: Coincheckup.com)

6. CoinMarketCal (Android, PC)

CoinMarketCal is a must-have tool in your armor if you are crypto trading.

Evidence-based and community-driven, CoinMarketCal is an economic calendar for the cryptocurrency market.

With CoinMarketCal, you will get to know about different coin’s beta, alpha release or mainnet or testnet launches. You will also get to know about airdrops or launch of a new feature in that particular project.

7000BTC hacked, damn right they need an AMA (Source: CoinMarketcal.com)

Plus, all this information is available on CoinMarketCap with their source of information where users can verify the information and then upvote or downvote it.

It is a must-have tool to be used while making your crypto strategy and the good thing is that it is totally free to use.

Conclusion

These tools are important for any investor before they decide to put their money in a particular crypto project. I have been using these tools in synergy to find an optimum solution for my investment decisions.

However, using these tools doesn’t mean your profit is guaranteed. It means you are making a more informed decision. Also, using these tools together can be challenging at first but as you get used to them, you will understand which to use, when and how.

Published at Wed, 08 May 2019 09:38:35 +0000

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