Useful Tools for Dealing with Crypto
The crypto market usually brings down newcomers with a huge avalanche of information. The questions “How to understand it all?” and “What do I do next?” become more relevant than ever. Thankfully, the web is filled with an abundance of information resources that will help you to organize everything in your head and significantly improve the quality of your interaction with cryptocurrency.
In this article, we have gathered the most important and reliable tools for dealing with cryptocurrency.
- Crypto tracking
- Tradingview is one of the most popular platforms for accurate technical analysis and also allows traders worldwide to share market forecasts. The main advantage of Tradingview is the abundance of tools within the platform itself. Many exchanges use it.
- Coinmarketcap is a long-standing and reputable crypto market data aggregator. Here you can find information on any available cryptocurrencies, as well as crypto exchanges and NFTs.
- Coingecko is a data aggregator, and the main competitor of CMC. The interface and features are very similar to CoinMarketCap, but coin data may differ. Some users consider CoinGecko to be a more objective platform, as it has no cooperation with cryptocurrency companies, unlike CoinMarketCap, owned by Binance.
- Cryptorank is a new gen data aggregator with a simple and clear interface. In addition to information on cryptocurrencies, here you can find information on derivatives, investment funds, ICOs, IDOs and IEOs.
2. Blockchain explorers
Blockchain explorers are analytical tools that allow users to analyze all the information in the blockchain. You can find any block and get all the data about it, find and verify any address with all the transactions and see any transfer (status, fee amount, etc.).
- Blockchair — Bitcoin explorer
- Etherscan — Ethereum explorer
- BscScan — BNB Smart Chain explorer
- Solscan — Solana explorer
- Cardanoscan — Cardano explorer
- Polkascan — Polkadot and Kusama explorer
- Avascan — Avalanche explorer
- PolygonScan — Polygon explorer
- Tronscan — TRON explorer
3. Portfolio trackers
Keeping your portfolio flawless is possible with the help of a tracker.
A cryptocurrency portfolio tracker will help you keep track of the total amount of crypto across all platforms. You will be able to track any transaction, its size, value, fees, etc. You will also be able to view real-time prices of all the currencies that are supported by the tracker app.
- DropsTab is one of the best services to track your crypto portfolio
- Cointracker is a DropsTab competitor
- Cryptocompare is similar to the above services
4. Wallets
Wallets are the first thing a beginner (and not only) crypto diehard needs to have and the first place to start getting acquainted with the crypto market. You need it to interact with decentralized applications, store and manage assets, and perform transactions.
- MetaMask is a universal wallet to which you can connect more than 10 chains
- Trust Wallet is a universal mobile wallet
- MDAO Wallet is a multi-currency wallet and mobile app
- Phantom is a wallet that supports the Solana chain
- Slope Wallet is another Solana wallet
- Tronlink supports the Tron chain
- Polkadot{.js} supports its native Polkadot network
5. CEX
A centralized cryptocurrency exchange (CEX) is a platform for trading digital currencies controlled by a central authority that acts as an intermediary between buyer and seller.
- Binance is a must-have for any crypto diehard
- ByBit is just as good as Binance
- KuCoin is a major Chinese exchange
- CEX.IO is an old ‘n gold
- BitMex is an exchange with a convenient margin trading system
6. DEX
A decentralized cryptocurrency exchange (DEX) is an exchange that has at its core a decentralized, non-custodial blockchain system that supports mostly direct peer-to-peer transactions.
- 1inch is a universal DEX that supports 7 chains
- Uniswap is a DEX supporting the Ethereum, Polygon, Arbitrum, and Optimism chains
- Pancakeswap is a DEX on the BNB Smart Chain
- Raydium is a DEX on Solana
- Quickswap is a Polygon DEX
Conclusion
By choosing convenient tools for working with cryptocurrency, you will significantly ease your life and make the process of interacting with assets less time-consuming and more efficient.
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