Whether you’re trading, investing, or doing anything related to crypto, the chances are you want to make it as efficient as possible. Which is why the best crypto trading tools are so crucial. In this article you will spot useful tools related to crypto — be it project analysis, data comparison, insights & discoveries, and more.

What Are Crypto Tools?

Even though you’d look for someone with car modeling knowledge to fix it, a tool kit wouldn’t hurt as well. Obviously, you expect him to have a proper set of tools to perform repairs.

You can also fix a car by yourself, especially if you have required knowledge and some experience under the belt. In both cases, you would need tools. This is also true for cryptocurrency trading, investment, analysis — you need to understand the basics, and the tools can help you do it.

There are many ways to break down crypto tools by classes, utility, etc. The most popular type of tools is on-chain data products, followed by aggregators (blockchains, projects on these blockchains, BTC/ETH metrics, etc.) NFT platforms, DeFi tools, TradFi & Web3 FinTech hubs, and more. Twitter accounts doing macro, micro, NFT, etc. analysis of all sorts are also popular among the crypto community.

More specifically, this article will describe the best CEX and DEX exchanges, trading platforms, charting tools, market data & news aggregators, network statistics, event calendars, research reports, trading bots, crypto tax tools, portfolio trackers, rebalancing & Web3 wallet tools, mining hubs & calculators, and blockchain explorers.

Why Every Investor Needs Crypto Tools?

Tracking and analyzing data is nearly impossible without additional tools like project aggregators, on-chain data hubs, comparison tables & graphs, upcoming drops & initial offerings and much more. Unless you use crypto tools, investment might be haphazard and results in a somewhat uncertain best case scenario. Even though crypto exchanges provide a trading terminal and charting tools, their capabilities are quite limited. Therefore, investors and traders need additional tools described in detail later on.

Best Centralized Exchanges (CEX) Tools

Binance

The company operates actively through Web3 space, investing in new projects, supporting ecosystems, and developing its own products. One of the major related projects is Trust Wallet, which tends to compete with Metamask. Binance is also a strategic investor to core blockchain projects like Polygon, Solana, and more.

High liquidity and low commissions garner global attention, but are those reliable over the long run? Pretty much, as Binance has its native coin called BNB which faces a big demand for quite a while. BNB is the part of a large ecosystem, someone might even call it too big to fail.

User-friendly interface and content also play a big role, as newbies coming in can experience a steep learning curve with Academy, Blog, and NFT sections. All the factors mentioned generate the flywheel effect, attracting even more users over time.

Pros

  • A wide range of crypto tools and assets available
  • Multiple services related to crypto
  • No minimum deposit to start off
  • Fairly easy to open an account
  • Fiat and crypto deposits

Cons

  • Large corporate, highly centralized

Coinbase

At the moment the exchange provides over 100 tradable assets, while the user count approximates nearly 100 millions holding > $250 billion worth of assets. Just like Binance, Coinbase invests in existing projects, supports established ecosystems and spreads its own products like Coinbase wallet or NFT marketplace supporting fiat purchases. More than 13,000 financial institutions benefit from the exchange’s support.

Pros

  • Listed on stock exchange
  • User-friendly mobile app
  • Has integrated Web3 wallet
  • Users can get Coinbase Pro to lower fees
  • Both newbie and experienced users can trade and invest easily

Cons

  • Customer support issues
  • Relatively high fees without Coinbase Pro

Bitmex

Deep liquidity and a professional trading dashboard are both associated with the platform. From retail newbie investors to experienced arbitrageurs and intraday traders — anyone can access the BTC, ETH and many more derivatives.

BitMEX is known for launching perpetual leveraged swap contracts on BTC to allow traders up to 100x leverage and no expiry date. The innovative derivative model pushed BitMEX to become top-tier exchanges, holding the #1 spot when it comes to BTC trading.

Even though the exchange experienced some market manipulation allegations, BitMEX shook off its bad reputation and aims to become the world’s largest regulated crypto derivatives exchange. In 2020, the exchange introduced KYC for all users, marking the first step toward a new direction.

Pros

  • Leading BTC derivatives platform
  • Reliable liquidity for major crypto tools & assets
  • Low fees by default
  • Secure storage

Cons

  • Not fully compliant with regulations
  • No fiat deposits
  • Some traders avoid KYC

Best Decentralized Exchange (DEX) Tools

UniSwap

Uniswap uses the notion of smart contract to make autonomous on-chain transactions at marginal costs happen. Moreover, it has fewer problems with liquidity than some major centralized exchanges.

The DEX actively adds new features, customizes designs and provides users with rewards for providing liquidity using the native UNI token.

1inch

The platform supports multiple blockchains including but not limited to Balance Smart Chain and Ethereum, which is a good way to make your asset flow a bit safer. Moreover, the platform aims at the Web3 wallet niche, promising to integrate all the partners to the wallet ecosystem.

PancakeSwap

PancakeSwap uses the liquidity pool model and rewards users for providing this liquidity. If you’re a big fan and holder of Binance’s BNB, you could stake CAKE-BNB to yield as much as 30% APY.

Best Trading Platforms Tools

Coinigy

In essence, Coinigy works as any aggregator but with some multi-exchange trading features. Moreover, some of the exchanges you can bundle under the beautiful Coinigy’s hood, might have a poor interface if used separately.

Altrady

The benefit is especially important for those who stick to risk management rules and diversify portfolios, sending assets over across various exchanges. The platform supplies a smooth learning curve, lots of educational videos & articles about trading, and more. Any newbie will have no problems using Altrady, as its interface is pretty straightforward.

Best Charting Tools

TradingView

Even though the main functions revolve around built-in scripts and technical indicators, the community tends to chat a lot, helping each other in mastering tools or trading basics. The official blog has price predictions, immersive analysis digests, news articles, and long-form educational content to encourage newbie traders. Long story short, TradingView has made analysis and trading so much simpler and moreover interactive, for a wide range of asset classes. Stocks, bonds, commodities, crypto, derivatives of all sorts, fiat currency pairs — you name it.

Cryptowat.Ch

As the name states, the platform focuses on crypto market data and charts for over 24 major exchanges. You can only assess crypto assets here, which isn’t necessarily a bad sign, as focus is capable of big results. Cryptowatch APIs collect data from all over the Web3 to aggregate as many as 4,000 markets in one place.

However, the platform still lacks a go-to mobile app and derivative trading flexibility. At the moment, only Kraken users can trade derivatives through Cryptowatch.

Best Market Data Tools

Coinmarketcap (CMC)

CMC has provided unbiased and accurate information since 2013. After many years of high community value, it was purchased by Binance. Some bad rumors barely affected neither popularity, nor reputation, as the platform operates independently from its parent company.

Pros

  • Has a lot of projects listed, checked and verified on a daily basis
  • Grows faster than any other crypto market data aggregator

Cons

  • Was acquired by Binance in 2020
  • Has clickbait articles & videos
  • Suffers from price lags
  • Might disregard liquidity and has arguable CEX evaluation model

Coingecko

However, there are thousands of coins out there to discover. Without the correct tools to refine your search, sifting through project after project can be tiresome. That’s why CoinGecko has categorized all the different characteristics of tokens to allow users to see a wealth of different data points and information relating to the crypto markets.

Pros

  • Evaluates all exchanges equally
  • Provides more information on tokens & coins

Cons

Best Calendar Tools

CoinMarketCal

The project’s profound community and content verification team maintains data and manages insights in an amazing way, making the platform a great tool to spot upcoming events you’d otherwise never know about.

Coindar

At the moment, it tracks > 1650 profiles on Twitter, sharing media buzz so loud, you would never miss it. Another great benefit is a collection of 1600 digital assets under your glass.

Network Statistics Tools

BitcoinVisuals

Cryptomiso

Even though GitHub updates do not affect the projects’ future in a straightforward way, it might be of interest to some investors, as developers always drive the project over the long run. CryptoMiso currently monitors over 250 projects.

News Aggregators

Cryptopanic

The service collects news from multiple websites, sorts them out and delivers as fast as possible in an automated way. By crawling through social media, news portals, magazines, blogs, and more, CryptoPanic helps its users to take responsible asset-related decisions once the news is out.

CoinSpectator

The team of experienced writers, analysts, and developers pushes the platform far beyond a mere news aggregator service. Instead, CoinSpectator offers insightful real-time indices, smooth interface, price predictions and altcoin breakdowns. Whether you’re a casual investor or a die-hard trader, the platform can hit it out of the ballpark.

Best Trading Bots

3Commas — Best Trading Bot Overall

Pros

  • Complete trade automation through DCA, Grid, and futures bots
  • Advanced analytics & informative dashboard
  • 100% cloud platform, leaving no security breaches
  • Intuitive interface & mobile app available
  • Detailed FAQ section
  • Deep liquidity aggregated

Cons

  • Automated bots require a subscription

HaasBot

Pros

  • Proven track of records, as trading results have been backtested and simulated
  • Over a 100 bots available
  • Supports multiple exchanges and crypto assets

Cons

  • More expensive than the market average
  • You have to download and install the bot, which makes the process time-consuming and sets a security precedent

Pionex

However, some users claim experiencing tough luck talking with customer support. The response time could be improved, so does the website performance, according to multiple reviews across the web.

Pros

  • Over 100 thousand customers
  • Multiple trading bots available
  • Fiat and crypto deposits

Cons

  • Some users claim the website might suddenly freeze

Best Crypto Tax Tools

Token Tax

It literally has no competitions, as none of the tax service providers support all major exchanges. You can import all the trading data from an exchange and upload it to TokenTax to generate all the tax forms you might potentially need. The form list includes, 8949, TurboTax, FBAR, FATCA and more.

Cointracking.Info

Portfolio Tracking Tools

Blockfolio

No platforms supply as many functions and customization features as Blockfolio does — a bright example would be the Blockfolio Signal service and the ability to buy/sell crypto directly within the Blockfolio app without any fees.

Coinstats

Cointracking

Cointracking also features price alerts, going far beyond price-related notifications. Instead, once you mark some asset as an important one, you’ll get relevant news and all other assets might be converted if you want to. You can also automatically track your net worth and profit loss by connecting a Web3 wallet/exchange.

On top of that, you access advanced tax tools, including annual tax return, FBAR, Form 8949 and the German Income Tax Act.

Best Rebalancing Tools

3Commas

Once you join the platform and create your own portfolio/follow someone else’s, you can schedule a rebalancing interval. In other words, 3Commas will automatically rebalance your portfolio leaning on your strategy.

The feature is quite helpful if you leverage other functions as well — for example, if you set up a bot and connect it to any supported exchanges. This way, a trading bot makes profits, while the rebalancing feature will manage your portfolio afterward. Completely automated trading requiring minimal efforts can make your life much easier.

Pros

  • Responsive customer support ready to answer your questions
  • Supports major crypto exchanges like Binance, FTX, ByBit, and more.
  • Allows copy trading to automatically follow someone else’s portfolio
  • Over 1,100 highly positive reviews on TrustPilot

Cons

Shrimpy

Best Crypto Wallets

Metamask

Trust Wallet

Best Mining Tools

Nicehash

Whattomine

Cryptocompare

Best Blockchain Exploring Tools

Etherscan

BscScan

SolScan

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Trading blog. Tools, bots, strategies.

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