Roo's All-In Giveaway, $300,000 in Prizes
3.4 k views

The Ultimate Guide to Cryptocurrency Trading Tools

Amidst the growth of crypto trading, developers have developed several tools, including portfolio managers, wallets, market watchers, portfolio balances, crypto news aggregators, and exchanges, to make trading specific and profitable, minimizing risk. 

The right set of crypto trading tools and a proper mindset is crucial to successful cryptocurrency trading

Cryptocurrency Exchanges

  • Why You Need Them: To buy or trade cryptocurrencies 

Cryptocurrency exchanges offer a gateway to the cryptocurrency world by allowing investors to trade cryptocurrencies for other assets, such as other digital currencies and conventional fiat money. Crypto exchanges may accept various payment forms, including wire transfers, credit cards, or other safe and convenient forms.

The crypto space is no short of exchanges that take different forms. Some functions, like market makers, take the bid-ask spreads as a commission for the exchange service offered. In contrast, others act as matching platforms (i.e., linking buyers and sellers) and charge a transaction fee. Some cryptocurrency exchanges also integrate traditional assets such as stocks and fiat currencies.

When choosing an ideal cryptocurrency exchange, you should consider security, transaction fees, liquidity, or exchange volume. The best crypto exchanges you should consider are: 


Founded in 2012, Coinbase is one of the most trusted and reliable cryptocurrency exchanges. The exchange allows crypto purchases using fiat currencies, and it’s beginner-friendly. Moreover, coinbase exchange has never been hacked and licensed by over 40 regulatory bodies to operate in the US and 50+ countries worldwide. Besides, users’ funds (up to $250 000) are insured by FDIC. 

Coinbase also packs many features, including an instant exchange feature with no extra fees, the Coinbase debit card, and support for crypto withdrawals to users’ wallets. The exchange also offers an in-built crypto wallet, which is very safe since 99% of users’ assets are stored offline cold storage. The remaining 1% of the assets in the online hot wallet are insured from hacking.

If you’re looking for an easy way of buying, selling, and storing cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and DeFi tokens, Coinbase is among the top options.  


Binance is another outstanding crypto exchange with the highest trading volume in the crypto space. Furthermore, the exchange supports over 250 cryptocurrencies with a meager exchange fee of about 0.1% and a 50% trading discount when using its native coin, i.e., Binance Coin (BNB). In addition, Binance boasts security features such as two-factor authentication (2FA) and CryptoCurrency Security Standard (CCSS). 

The exchange is relatively fast, supporting up to 1.4 million transactions per second. Furthermore, Binance accepts crypto-fiat purchases meaning that users can purchase crypto using multiple currencies, including EUR, USD, and GBP, with no limitations. Binance is excellent for beginners and advanced users as it offers two options, i.e., Basic and Advanced. Easy-to-use interface, low trading fees, and extensively supported digital currencies make Binance among the top crypto exchanges. 

Trading Platforms

  • Why You Need Them: To access multiple crypto exchanges on a single platform 

Sometimes, you may want to use multiple exchanges to trade your crypto portfolio due to different listed prices, or you prefer to trade a particular coin on a specific exchange. Unfortunately, logging in and out of exchanges can be quite cumbersome.

Trading platforms streamline your crypto trading experience by providing a single platform to access all your exchanges and execute trades. This allows you to waste no time executing trades when opportunities arise and allow you to monitor the market closely. Suitable trading platforms you may consider are: 


Launched in 2014, Coinigy is among the leading trading platforms in the crypto space. The platform supports over 45 exchanges and features customizable trading charts and constructive customer support. It also features historical crypto market data, which can be purchased and used to analyze the market. 

Coinigy is available on the web and as an app (Android and IOS). It allows you to manage your multiple exchange accounts from a single platform. The platform also features portfolio monitoring tools and real-time crypto market insights to take your trading game to the next level. It offers a 30-day free trial, after which memberships are charged from $ 18.66 to $99.99/month.  


Altrady is also another excellent trading platform that supports over twenty crypto exchanges. In addition, the platform packs plenty of features, including a user-friendly interface, personalized layouts & moveable widgets, easy navigation, multiple market tabs, high-definition interactive charting, automatic portfolio manager, crypto base scanner, real-time crypto alerts, and a break-even calculator, among other features.   

Charting Tools

  • Why You Need Them: For technical analysis 

Charting tools allow crypto traders to check indicators and draw trend lines to determine their direction. Using charting tools, you can conduct technical analysis (TA) to gauge a downtrend or an uptrend. Essential charting tools in the crypto space include:


TradingView is one of the best charting tools in the crypto and stocks market. The tool is quite popular with crypto traders. It offers different forms of charts, including line charts and candlestick patterns. It consists of a comprehensive list of technical indicators to enable traders to analyze the market and develop a profitable trading strategy. TradingView also integrates a unique chat function to allow traders to share trading strategies with their counterparts. Some features of the tool are free, while others are unlocked to premium users. is another great charting tool in the crypto space. Kraken Exchange owns the tool and offers over ten charts in a single view. The tool also has an in-built trading platform, but users must pay a subscription fee. The charts can be customized and come with several drawing tools. 

Cryptocurrency Market Stats Tools

  • Why You Need It: To check out crucial statistics and reference points 

Cryptocurrency market data, such as total supply, circulating supply, market capitalization, etc., are vital in the crypto markets. Market data providers allow traders to analyze a coin and determine its suitability for investments. Best crypto market data include: 


CoinMarketCap is a comprehensive crypto market data platform providing a comprehensive data set including trading volume, official website, cryptocurrency token prices, market cap, 24-hour and seven days trading volume, the supply of coins, etc. It also features individual charts for each coin and an API if an individual wants to integrate crypto market data into their interfaces.


CryptoCompare is another excellent crypto market data platform that offers reliable data, including prices, volume, and coin supply. The platform also consists of tools that allow users to track their portfolios. Plus, there are new articles on the development of different coins. 

Cryptocurrency News Aggregator

  • Why You Need Them: Real-time updates regarding crypto markets. 

Fundamental analysis is crucial in crypto to develop a profitable trading strategy. Crypto news, both legitimate and rumors or fake news, affect coin prices somehow. Tons of crypto-related news emerge every hour, making it difficult to keep up with the market’s happenings. Crypto news aggregator tools come in handy to keep you posted on the latest crypto news from a single platform. The best news aggregator tools/sites are: 


CryptoPanic is a free, comprehensive crypto-news aggregator with multiple news sources, including social media news, online news articles, polls, etc. Users can customize which news they would like to be updated on. Additionally, it features a price bar where users get the latest coin price updates. 


CryptoSpectator is very similar to CryptoPanic but comes with more features. For instance, it allows users to vote on how the market will behave regarding the news. This lets users get a rough idea of whether the market will be bullish or bearish. 

Crypto Events Calendar

  • Why You Need Them: Be aware of upcoming events influencing a coin’s price.

Calendar tools keep you updated on the latest developments of a particular coin and the upcoming events, such as Halving in the case of Bitcoin. For example, suppose you want to know what’s happening to a particular coin. You can find it all under a single platform, whether coin burns, forks, exchange delisting, or crypto-related conferences and events. Suitable crypto events calendars include: 


CoinMarketCal gives you a bird’s eye view of the upcoming crypto events on all major coins, including beta, alpha release, Mainnet or testnet launches, airdrops, and new features or listings. Additionally, users can set up their events. However, if you add your event, it won’t be approved by the site’s admin but will be passed to the community to vote on whether legitimate or fake.


Coindar also lets you view all upcoming events in the crypto space under a simple, sleek interface. Users can post and notify you of upcoming events via Telegram and Twitter. Choose between dark mode and light mode interface options. 

Trading Bots

  • Why You Need Them: To execute trades automatically when certain conditions are met

Trading bots have gained widespread usage in the crypto space among both experienced and beginner traders. Beginners employ trading bots to automate their crypto trade, while expert traders use the tool to execute trades at particular conditions in a market that runs 24/7. You can easily rake in lucrative profits by employing a reliable trading bot you sleep using the right trade. The crypto market is awash with hundreds of trading bots, and you need to choose one that complements your trading strategy. Here are some trading bots you should try out. 


Cryptohopper is among the best trading bots available today, with many handy features enabling users to execute their trading strategies in a bullish and bearish market. In addition to automatic trading features, some outstanding features on the platform include mirror trading, arbitrage trading, backtesting, and more. Furthermore, users can customize their trading strategies by accessing several technical tools available on the platform.    


HaasOnline is among the best crypto trading bots with outstanding features, including a sleek user interface, arbitrage trading, and access to hundreds of technical indicators. This tool offers top-notch automated trading solutions that allow users to profit to a great extent. 

Crypto Tax Tools

  • Why You Need Them: To generate and file crypto tax reports.  

Several countries have already implemented cryptocurrency taxations creating the need for tax management tools. Determining cryptocurrency taxes can be challenging because regulators have yet to implement precise, multi-coin guidelines. Crypto tax software can undertake all your crypto tax calculations on your behalf as you focus on other investment tasks. Filing faulty tax returns is considered tax evasion, a severe offense leading to unwarranted fines, penalties, or even imprisonment. Ensure you use the below tools to calculate and manage your crypto taxes. Note that most crypto tax tools have tiered pricing costing up to $600 annually. 


Zenledger is a top-of-the-class cryptocurrency tax tool that automatically generates ready-to-file crypto tax information adhering to IRS standards. The tool features an API, enabling you to import all your historical data from several leading crypto exchanges to obtain an accurate tax report. The software also reports on capital gains, profit-and-loss, and crypto donations you might have made. As a result, Zenledger will enable you to come up with an accurate ready-to-file tax report with little complexity involved. 


CryptoTrader.Tax is another handy crypto taxation software that generates crypto tax reports directly uploaded to TurboTax for seamless filing. It also generates IRS Form 8949 cryptocurrency income and loss, allowing users to calculate gain/loss exposure easily. 

Cryptocurrency Portfolio Trackers

  • Why You Need Them: To Keep Track of Your Portfolio 

As a trader, you should always be aware of your portfolio’s performance, and there’s no better tool to help you than portfolio trackers. Cryptocurrencies are very volatile; therefore, it’s hard to manually keep track of each coin you’re investing in by updating prices in an Excel spreadsheet. Portfolio trackers allow you to see the value of your assets in real-time. Given that these tools are vulnerable to hackers, choosing a portfolio tracker with outstanding security features and other handy features ideal for your crypto trading needs is crucial. 


Delta is an excellent crypto portfolio tracker that effectively tracks all your coins in over 300 crypto exchanges and wallets. In addition, you can access the liver prices of all cryptocurrencies and other investment assets such as ETFs, stocks, indices, mutual funds, forex, bonds, options, and futures on the tracking app. The app is available for free download on Apple Store and Android Store.  

Portfolio Rebalancing Tools

  • Why You Need Them: Automatically buying and selling coins based on portfolio weight

Portfolio rebalancing is a necessary crypto trading strategy if you’re looking to minimize risk and maintain a continuous profit stream. Portfolio rebalancing tools automatically buy and sell assets in your portfolio to maintain the set portfolio allocation. For instance, if you want Bitcoin always to be worth 50% of your portfolio, but Bitcoin’s price rises, increasing its worth to 70% of the portfolio, rebalancing tools will automatically sell out some BTC to bring it back to 50%-the vice versa is also true.  

Portfolio rebalancing tools come in handy to hedge your assets, ensuring you continually generate profit. The best rebalancing tools are: 


3Commas is not free but has some excellent features for your crypto rebalancing. The tool is compatible with crypto exchanges such as Bittrex, Poloniex, Binance, and many others via a single interface. Apart from rebalancing, 3Commas has smart trading features such as a crypto trading bot, trailing stop-loss, trailing take-profit, and social trading to enable users to grow their portfolios.   

DeFi Risk Assessment Tools

  • Why You Need Them: To determine whether a crypto project is legit or an exit scam in the DeFi space.

Investing in new cryptocurrency projects is risky, considering numerous projects were exit scams to con unsuspecting investors. Risk assessment tools analyze various aspects of a crypto project to determine whether a project is legit or a scam. Therefore, before investing in any crypto project, whether a wallet, an exchange, or an ICO, you’ll want to use these tools to check their suitability. 


Unicrypt is a blockchain ecosystem and liquidity-locking mechanism that seeks to build investors’ confidence by enabling them to establish whether a project is a viable investment or a scam. Unicrypt was developed to work in line with liquidity pools on Uniswap and rewards farmers for providing liquidity to Uniswap using UNCL and UNCX tokens. In addition, the platform features various protocols designed to build trust in the crypto sector. 

In essence, Unicrypt seeks to reduce the risk associated with Uniswap purchases through its unique liquidity-locking mechanism. By leveraging the platform’s locking mechanism and advanced smart contracts, investors are guaranteed that new projects cannot pull off an exit scam. Similarly, new crypto projects build confidence in investors by locking their liquidity for an agreed time before the platform officially goes live. As such, the platform drastically reduces the risk of exit scams in the crypto space. 


DEXTools allows investors to explore and analyze DeFi projects before investing easily. The platform features insights, unique functions, data analytics, and insights to help traders gauge DeFi platforms. The platform’s unique features include UniSwap pool explorer, UniSwap pair explorer, BigSwap explorer, and a multi-swap feature. There is also a wallet info tool to enable investors to search and compare various wallets. In addition, the platform enables investors to explore various projects, check out their history, and determine a market dump’s possibilities on the safe investing side. 


Bitcoin live price
price change

In crypto trading, being well-informed of important news happenings and catching trends before they break matters can be the difference between a win and a loss. Using the above tools will give you an edge over other traders, ensuring you realize success in the hugely competitive sector. Try these tools today to take your cryptocurrency trading to the next level.   

Stay up to date with our latest articles

More posts

Why SolidProof Stands Out in the Blockchain Security Landscape

SolidProof - a registered security company from Germany - has announced the imminent release of an updated version of its SolidProof Automated Audit Tool (SAAT). This unique blockchain industry product supports decentralized finance (DeFi) growth, enabling projects to minimize security threats. An upgraded SolidProof App is also ready to roll out with new and exciting features, cementing SolidProof’s place in the top tier of blockchain security providers. Increased Challenges for DeFi Security Decentralized finance has evolved on top of blockchain…

Top 5 Crypto Gaming Tokens to Buy for the Next Bull Run

Crypto gaming is one of the fastest-developing sectors of the blockchain industry. In 2023, it is estimated at $7.89 billion and is forecasted to reach over $300 billion by 2030. Some see it as the next ship to onboard for lucrative long-term investments. And after a closer look at it, we can easily understand why. The strength of the crypto gaming market lies at the crossroads of several technological advances, including blockchain, cryptocurrencies, and the Metaverse. Including new economic models,…

Top 3 Crypto Casinos in 2023

Playing at crypto casinos is a widespread practice in 2023. These online platforms feature all the classic casino games, like poker, Roulette, and Blackjack, besides modern interactive slots and sports betting. Players worldwide can make crypto deposits in Bitcoin, Ethereum, and other popular cryptocurrencies for the chance to win substantial jackpots, bonuses, and rewards. If you are wondering how to choose a crypto casino, you have come to the right place. We selected three of the top crypto casinos this…

Using Open-Source Protocols for Developing Scalable Solutions on Blockchain

Blockchain technology's safe, transparent, and decentralized transaction platform might transform several sectors. However, building scalable blockchain solutions can be a challenging task.  This short guide will explore how to leverage open-source protocols to develop scalable blockchain solutions. The article aims to make it easier for developers to plan the realization of robust and secure blockchain applications.  Understanding Open-Source Protocols Open-source protocols, such as Ethereum and Hyperledger Fabric, come from organizations and are available for anyone to code for free. Unlike…

How to Leverage Arbitrage Opportunities in Crypto Markets

Cryptocurrency arbitrage has become an increasingly popular investment strategy as the crypto market grows and evolves. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit.  Investors can leverage profit opportunities by understanding cryptocurrency arbitrage while managing associated risks. In this guide, we'll explore cryptocurrency arbitrage and how it works. A Bitcoin-related example will help us illustrate the concepts of this strategy. What is Arbitrage and How Does it Work in Crypto Markets Crypto arbitrage trading is…

The Different Types of Copy Trading in Crypto

Are you interested in trading cryptocurrencies but feel intimidated by the complexity of the process? Copy trading is a great way to get into crypto without needing to be an experienced trader. With copy trading, investors can benefit from the experience and knowledge of more experienced traders, allowing even beginners to succeed. How does copy trading work, and which tips do you need to know to succeed? In this article, we'll explore all aspects of copy trading in crypto. What…

How to Spot an Unsafe Crypto Exchange

Cryptocurrency exchanges have become increasingly popular as they provide a platform for people to buy and sell digital assets. Unfortunately, not all crypto exchanges are safe or reliable.  With the rise of cybercrime and fraud, you must learn to spot an unsafe crypto exchange before investing your money. This guide will help beginners identify and avoid potential risks when selecting a cryptocurrency exchange.  The Role of Crypto Exchanges on the Digital Assets Market Cryptocurrency exchanges play a crucial role in…

A Guide to the Impact of US Fed’s Interest Rates on Crypto

The US Federal Reserve's interest rate is one of the world's most influential economic indicators. These rates profoundly affect global markets and investments.  But what impact does this have on cryptocurrencies? Today, we’ll explore how Fed interest rate changes affect crypto prices and why traders need to pay attention to them. We will also discuss how quickly these rates are increasing and what this means for cryptocurrency investors.  Observing the connection between US Fed rates and crypto assets allows you…

Unveiling the ERC-4337 Account Abstraction Standard – What You Should Know

The Ethereum blockchain is always changing and adding new features to make it easier to use. One of the latest developments is the introduction of ERC-4337. This account abstraction standard promises to revolutionize how users interact with Ethereum. This guide will tell you about ERC-4337. We'll explain what it is, how it works, and the good and bad things about it. We'll also talk about why you should use this new standard for smart contracts. By the end of this…

What Is Grid Trading in Crypto?

Crypto grid trading has become a popular strategy because of its ability to help traders capitalize on market volatility. Grid trading means you can produce consistent profits by taking advantage of price differences in different markets or time frames. By establishing buy and sell orders at predetermined intervals, you can take advantage of these fluctuations in an automated way. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. Through…