As a crypto investor, you will require various tools in order to maximize the performance of your investments. These may include crypto trackers, tax calculators and wallets as well as ways to monitor portfolio performance quickly.
Crypto tools provide users with various features. For instance, Cryptowatch provides live exchange data as well as the option to customize their dashboard based on which charts they prefer.
CryptoPanic
CryptoPanic is an interactive digital platform designed to assist both cryptocurrency investors and traders understand price movements for any coins they own or trade, as well as track any news regarding these digital coins that could impact prices or markets. Users and traders can vote whether a piece of news is bullish or bearish by voting directly into its feed.
The website features an easy-to-use interface that divides its screen into two sections. On the left is a feed of news from various sources while the right features details including headline and article details for each story. Furthermore, users may select specific news aggregators they wish to follow on this platform.
Keep in mind that cryptocurrency markets can be highly unpredictable and that there is always the risk of losing money, but there are various strategies you can employ to reduce this risk. One key way of doing this is developing a long-term perspective and diversifying your portfolio.
CoinMarketMan
Coin Market Manager is a cryptocurrency trading journal and portfolio tracker created to make monitoring performance easy for traders, while improving existing habits. Connected via read-only API to user exchanges, this software does not control customer funds nor fall under regulations governing customer funds management. Furthermore, users can view all their crypto holdings and trades at one central hub, making this tool perfect for optimizing trades by monitoring performance over time.
Crypto traders can take advantage of a host of advantages provided by this service, including its capacity to generate tax reports and automate capital gains calculations, keep detailed notes on each trade, provide an intuitive interface for inputting and organizing trading history and share performance across social media platforms, verify earnings authenticity.
Notably, however, is that this service does not cover all major exchanges; users trading on alternative exchanges will have to manually input their data – an time-consuming task.
Token Terminal
Token Terminal is a data analytics platform designed to assess the value of DeFi protocols and projects using financial data collected and organized from on-chain DeFi token and dApp transactions. Its purpose is to assist investors make better decisions by providing access to standardized metrics which allow comparison between projects in this space.
Crypto trading terminals make trading simpler by providing advanced tools such as charting and analytics capabilities, automated strategies, real-time market data streaming and streaming live market prices. They can also integrate with other kinds of software to automate aspects of trading such as portfolio management systems, order entry/execution/backtesting.
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Cointree
Cointree provides a secure platform to buy and sell cryptocurrency, offering multiple security measures including 2-step verification and a secure server and closed network environment, hot/cold wallet systems and encryption to protect user passwords, as well as being part of Blockchain Australia to prevent money laundering and terrorist financing.
Beginners to crypto trading will find its user-friendly interface straightforward and accessible, providing them with everything they need to get going quickly. Furthermore, there are educational tools and articles to assist newcomers. It supports over 160 digital currencies and allows coin-to-coin transactions.
Cointree platform stands out with its SMSF compatibility. This enables users to easily set up and manage Self Managed Super Funds that invest in cryptocurrencies; plus they can use Gobbill’s partnership to pay bills with crypto assets.
