Top Cryptocurrency Trading Tools You Should Be Using

Trading in the cryptocurrency market is not just about opening and closing positions, or executing your trades. Before you can actually make a trade, you have to put a lot of thought into it and then arrive at a decision. This is where crypto trading tools can come in handy because they can help you in making more profits by giving them access to better and more data. This allows you to improve your trading strategy, which ultimately boosts your bottom line. Thanks to these tools, identifying profitable opportunities becomes easier and the chances of errors are also minimized.

However, you should note that this can only happen if you have access to the right tools. Outlined below are some of the top crypto trading tools you should be using:

• Coinigy

Since its inception, Coinigy has experienced a lot of growth and has become one of the most widely used trading platform within the crypto market. It offers support for more than 45 exchanges, which is not something you will find on any other platform. It also stores historical data that can be used for designing your own trading strategy. It makes the process of trading simpler because it tracks coins that are found on various exchanges. App integration, charting and price alerts are all part of the package you will find on Coinigy. It incorporates blockchain analysis, live exchange rates and data visualization.

• OpenOcean

Cryptocurrency traders can use OpenOcean for making price comparisons between centralized and decentralized exchanges. As a matter of fact, it is considered an excellent option for enjoying free-flowing, one-stop trading between CEXs and DEXs. OpenOcean can provide DEX users with the best prices that have lower slippage and it accomplishes this through the use of an algorithm named D-star. After doing a price comparison, users are free to trade on their chosen CEX or DEX wallet.

• cryptowat.ch

This premium trading terminal belongs to Kraken and it provides users with access to real-time charting, market data, as well as trading services. It offers support for more than 25 exchanges and it procures the data directly from them through their APIs. You can use the basic version free of cost, while premium features are available on the paid version. It allows you to check your balance on multiple exchanges, trade on them via a single terminal, view their orders, trade history or your position on the portfolio page and also use an advanced charting interface for visualizing market trends and price movements.

• OnChainFX

You can check the value of the crypto and market data via this tool. It gives crypto traders the opportunity to customize datasets and the interface can provide you details about the highest losers and gainers in the market in trading sessions. You can access a ton of information in an easy-to-understand and simple manner. You can also find details, such as token supply, market capitalization and circulating supply. It is also possible to set filters like type of consensus, asset size and asset sector. OnChainFX also allows you to do a comparison of price movements of two different cryptocurrencies.

• NewsCrypto

The name of this crypto trading tool explains exactly what it offers; it is your one-stop solution for all the key developments and news in the industry. NewsCrypto is a great platform for beginners as well as professional traders, as it allows them to utilize and learn technical analysis and use it across a number of indicators for obtaining a clear picture of the crypto landscape.

In fact, it also allows you to test your trading strategies in a risk-free environment. You can then implement the successful ones in the crypto market and reap the benefits. NewsCrypto also enables users to interact with other participants in the market and share ideas and strategies with them. You can also use the NewsCrypto token (NWC) between BSC, Stellar and ERC chains.