Websites and Tools Every Crypto Trader Should Know
- Lara Hanyaloglu
- Jan 2
- 3 min read
The world of cryptocurrency trading moves fast, and having the right tools and resources can make all the difference in staying informed, making smart trades, and managing risk. Here’s a list of essential websites and tools every trader should know, whether you’re a beginner or a seasoned pro.
1. CoinMarketCap
Why It’s Useful:
Provides real-time data on cryptocurrency prices, market caps, trading volumes, and more.
Offers tools to track price movements, historical data, and rankings for thousands of coins.
Features:
Watchlists for favorite coins.
Tools for spotting trending cryptocurrencies and top gainers/losers.
Educational content and news updates.
Website: CoinMarketCap
2. TradingView
Why It’s Useful:
A powerful charting tool for technical analysis, with customizable indicators and drawing tools.
Allows traders to analyze price trends, patterns, and market sentiment.
Features:
Access to hundreds of technical indicators.
Ability to share and view ideas from other traders.
Integration with multiple exchanges for live data.
Website: TradingView
3. Crypto News Aggregators
Examples:
CryptoPanic: Aggregates news, tweets, and updates from various sources.
CoinTelegraph and Decrypt: Provide in-depth articles on market trends and major developments.
Why It’s Useful:
Keeps you informed about the latest news that could impact prices.
Helps identify trends and opportunities.
Websites:
4. Discord and Telegram Groups
Why It’s Useful:
Communities on Discord and Telegram are often the first to discuss new coins, trends, and updates.
Many crypto projects have official channels for announcements and community discussions.
Examples:
Crypto Banter Discord: For market analysis and trading ideas.
Altcoin Groups: Look for project-specific channels or general trading groups.
Tips:
Be cautious of scams and do your own research before acting on advice from these platforms.
5. On-Chain Data Analysis Tools
Examples:
Glassnode: Provides advanced on-chain metrics like wallet activity, transaction flows, and market sentiment.
Dune Analytics: Customizable dashboards for blockchain data.
Why It’s Useful:
Offers insights into blockchain activity that can indicate market trends.
Websites:
6. Price Alerts and Portfolio Trackers
Examples:
Blockfolio (Now FTX): Track your portfolio and set price alerts.
Delta: Offers a clean interface for tracking investments across multiple exchanges.
Why It’s Useful:
Keeps you updated on price movements.
Simplifies portfolio management.
Websites:
7. Altcoin Discovery Tools
Examples:
CoinGecko: Similar to CoinMarketCap but often lists coins earlier.
Token Sniffer: Helps identify potential scams or rug-pull risks.
Why It’s Useful:
Find newly launched coins or projects with growth potential.
Websites:
8. Exchanges and Aggregators
Examples:
Binance: One of the largest exchanges with a wide selection of cryptocurrencies.
KuCoin: Known for altcoin trading.
1inch: A decentralized exchange aggregator for finding the best prices.
Why It’s Useful:
Provides liquidity and access to various trading pairs.
Aggregators help reduce costs by finding the best rates across platforms.
Websites:
9. Tax and Accounting Tools
Examples:
CoinTracking: Tracks transactions for tax purposes.
Koinly: Simplifies crypto tax reporting with integrations for multiple exchanges.
Why It’s Useful:
Helps you stay compliant with tax laws.
Saves time during tax season.
Websites:
Having the right tools and resources is essential for navigating the fast-paced world of crypto trading. From tracking prices and analyzing charts to discovering new altcoins and staying informed about market trends, these tools can significantly enhance your trading experience. As always, be cautious of scams and ensure you’re using reputable platforms.
