Trading in the bitcoin market entails much more than simply placing deals. When trading in the crypto sector, you’ll require a variety of crypto trading tools.
Various cryptocurrency tools can assist traders in increasing their profits, increasing their bottom line, or providing them with more data to improve their trading approach.
There are numerous tools available; nevertheless, which tools are essential? To assist you in making smarter decisions, we’ve compiled a list of the best 7 crypto trading tools you should utilize in 2022.
Let’s take a look at the value of these tools and why they’re so crucial before we get started. When you trade cryptocurrency, you spend most of your time studying data and selecting what to buy and what to hold.
Using various crypto trading tools can help you modify the way you work by providing better market data, assisting you in finding that hidden gem, or preventing you from purchasing inflated cryptocurrencies.
Best Crypto Trading Tools To Use In 2022
Now let’s look at the top 7 crypto trading tools you should use.
1. Coinigy
Coinigy, which has seen enormous development since its debut, is probably the most extensively utilized trading platform in the crypto industry today. Over 45 exchanges and trading charts are supported by Coinigy. This is significantly more than any other trading site, giving Coinigy users a significant advantage over those on other platforms.
Coinigy also keeps track of previous data, which developers can use to create trading strategies. Coinigy is an all-in-one trading tool that streamlines the process of trading and tracking currencies across several exchanges. It offers price alerts, graphing, and app integration, all of which are included in Coinigy’s subscription.
Coinigy integrates data visualization, current exchange rates, and blockchain analysis with over 45 exchanges and 4000 markets. Coinigy is a desktop, mobile, and internet application.
2. OpenOcean
OpenOcean connects decentralized and centralized finance by providing traders with price comparisons between decentralized and centralized exchanges. It serves as a gateway for DEXs and CEXs to engage in one-stop, free-flowing cryptocurrency trading.
What is the process of using OpenOcean? DEXs are preferred by some users, whereas CEXs are preferred by others. Users without significant programming skills, on the other hand, are unable to take advantage of the prices due to the volatility and price differences between exchanges.
This is where OpenOcean enters the picture. For DEX users, OpenOcean has the best pricing and the least slippage. It accomplishes this by employing the D-star algorithm, which provides DEX users with the best pricing with the least slippage in real-time.
OpenOcean also compares the best DEX pricing to the best published CEX rates. Users can then utilize their wallet to trade on the DEX or CEX of their choice.
3. Cryptowat.ch
Cryptowat.ch is a premium trading terminal owned by Kraken that offers consumers real-time market data, charting, and trading services. Cryptowat.ch is a service provider for over 25 different exchanges. The information is obtained straight from cryptocurrency exchanges via APIs.
Cryptowat.ch’s basic version is free, but users can upgrade to premium features by paying them with Cryptowat.ch credits. Users may check their trade history, orders, and positions on the portfolio page, which is one of Cryptowat.ch’s advantages.
Users of Cryptowat.ch can trade on several exchanges from a single trading terminal.
With access to a very complex charting tool, users may visualize price fluctuations and market patterns. They can also engage in conversation with other traders.
Users can check their balance on various exchangers at the same time.
Here are a few of Cryptowat.ch’s free features.
Receiving technical analysis, trade volume, and other alerts by email or text are examples of paid features.
The cryptofinance.ai plugin can be used to import market data into Google Sheets.
Order books and view pricing using the Market Data Websocket API.
Zapier connection allows users to automate orders.
4. OnChainFX
OnChainFX allows users to see the value of their coins as well as market data. Users can also customize datasets, and the interface provides information on the market’s top gainers and losers throughout trading sessions. The platform presents a large amount of data in a straightforward, easy-to-understand way.
It allows users to view data such as the circulation supply, market capitalization, and token supply. Users can also apply filters such as asset size, consensus type, and asset sector. OnChainFX has a number of important features.
Users can look up historical prices and see how assets have changed in value over time.
The price movements of two separate assets can be compared by users.
Users may also see how inflation affects various cryptocurrency assets on the platform. It also displays the anticipated supply of a specific asset on January 1, 2050.
5. NewsCrypto
NewsCrypto is a one-stop shop for all the latest crypto news and trends, as well as trading instruction. It’s a fantastic tool for both new and experienced traders, allowing users to study and apply technical analysis across a variety of indicators to gain a clear picture of the market.
NewsCrypto also allows users to evaluate their investment methods in a risk-free environment, operating as a testing arena. The best tactics can subsequently be put into action in the actual world. Users can also communicate with other traders and discuss ideas and methods. The NWC token (NewsCrypto) can be used on the ERC, Stellar, and BSC networks.
6. Cointracking.info
For tax purposes, Cointracking.info assists users in keeping track of their gains and losses. The trading tool can be used as a portfolio manager as well as a tax filing tool. Cointracking.info can connect to popular exchanges and retrieve a user’s trading history, which may subsequently be utilized to generate tax reports.
Several forms of annual tax reports are supported by Cointracking.info. It’s also a great portfolio tracker that can analyze trades in real time, providing traders an indication of how much their coins are worth, how much they’ve gained, and more.
More than 70 cryptocurrency exchanges and eight cryptocurrency wallets are supported by Cointracking.info. It also works with hardware wallets like as the Ledger Nano X and Trezor.
7. Blockfolio
Blockfolio is a mobile-only portfolio tracking app that was released in 2014. By allowing cryptocurrency enthusiasts and investors to track digital assets across several crypto exchanges and wallets, Blockfolio has solved a basic but significant problem. Users save time by not having to log into each exchange or wallet to keep track of their holdings.
Blockfolio has a number of features that make it a popular cryptocurrency trading platform.
The home page can be customized according to the user’s preferences.
It allows users to see only the data for the coins that they are interested in.
Over 100 fiat and cryptocurrency basis pairs are available to users.
Users can track over 8000 assets and cryptocurrencies, with extensive metrics and price charts available.
The signal service on Blockfolio allows users to receive real-time updates from the development team of their favorite coins.
Crypto Trading Tools In 2022: In Conclusion
In today’s trading environment, crypto trading tools are a must-have, and employing them provides you an advantage over other traders and investors. Traders that employ our top 7 crypto trading tools in 2022 will have a big advantage.
You can utilize a variety of additional tools in the crypto trading sector, and the only way to figure out what works best for you is to try out different tools and tactics.
You can also try the tools on the list above; you’ll find that employing them improves your investment plan while also increasing your results.
