cryptocoingossip

Trading is the game you can’t play and win the game without proper tools.

Right tools help you boost your earnings, especially in the volatile crypto market.

Even previously I have shared some tools like Portfolio managers, Crypto tax calculators, Crypto price trackers. Including these tools, there are many tools I didn’t mention in any post.

So I decided to make a proper list of tools that boost your profit.

Here is the list.

#1. 3Commas.

A cryptocurrency management platform having several tools to manage all your crypto trades.

Tools like Smart Trading Terminal, which let you set stop losses, take profit targets and customizing your own trading strategies by connecting more than 30 major exchanges.

Plus, Trading bots help you autonomously hedge your position with additional daily profits.

Portfolio Balancer for analyzing and back testing your crypto portfolio.

Social Trading to follow and copy the action of most successful traders on the platform.

#2. Atani.

As a trader, the frustrating task is managing the different Exchange accounts.

If you feel the same, managing more than one or two accounts of different exchanges, then Atani is for you.

Atani provides you with one interface to manage 20 major crypto exchanges like Binance, Okex, KuCoin; don’t worry, they can’t access your funds or API keys or require any personal information.

They not only provide you with a trading terminal, but you can also even generate tax reports when it’s time for your tax return, and you can do in-depth technical analysis.

#3. CoinMarketCal.

Trends are important in any trading. You can make a huge profit by knowing upcoming events of specific crypto.

CoinMarketCal shows upcoming events like forking, mainnet launch of different coins.

You can sort out events by date, exchange, coins, keywords, defi, plus tools to showcase the trending, hot events based on the views and votes so you can bet on the correct trade.

#4. CryptoPanic.

The latest News updates can allow you to identify a successful trade.

To get the latest news updates, you have to follow major crypto News outlets, even social media updates like Twitter tweets, and I personally know how frustrating it is to keep eyes on all these.

So the solution emerged as a CryptoPanic, which shows you top trending crypto news from all the platforms.

CryptoPanic is a news curation service that shows the top content based on user interaction with the content like comments, likes, dislikes, shares.

#5. Shrimpy.

Shrimpy is a powerful tool to manage your crypto portfolio.

The tool is powerful enough to automate every activity like rebalancing your portfolio, applying different strategies, and copying a successful trader portfolio.

You can integrate more than the top 16 crypto exchanges like Binance, Coinbase, Kraken, KuCoin without any worry because all the API keys are securely encrypted and stored using FIPS 140-2 validated hardware security modules. You can use Two-Factor authentication 2FA to secure your account.

#6. Blockchain.com Explorer.

Blockchain Explorer is an important tool that gives you a deep analysis of a Coin Blockchain like transactions amounts, timestamps, miners, hashrate, and more.

When analyzed correctly, this type of information can give you a leg-up as not many investors take the time to fully understand these networks.

So the Blockchain.com Explorer provides you with all the information about Bitcoin, Ethereum, and BitcoinCash networks.

Apart from the timestamp, hash rate, Blockchain Explorer also provides data about large transactions held on the network, daily active address, and mempool size.

#7. TradingView.

Visual representation of price movement is an important thing that no trader misses because candlesticks, pie charts give accurate insight into current market situations.

TradingView provides you with a great visual representation of cryptocurrency prices.

In fact, TradingView is considered the largest charting provider in the market, with more technical indicators than you will ever need.

Not only cryptos TradingView also provides accurate market charts for commodities, stocks, and many derivatives.

You can use the tool both free and paid.

#8. CoinMarketCap.

If you’re following the crypto market for a while, you’ll know CoinMarketCap for sure.

CoinMarketCap is the first tool almost every crypto enthusiast starts to use.

Day by day, the tool is improving and giving more options to track the whole crypto market.

Using CoinMarketCap you get more information about the specific crypto projects and even track cryptos based on the categories like DeFi, NFT, Polkadot Eco, BSC Eco.

Not only cryptos, you can also get more info about crypto exchanges.

The tool provides all this information free of cost.

#9. BitcoinTreasuries.

As you know, the corporate world is now getting into cryptos. So the result is, many companies have Bitcoin holdings now.

Tracking these Bitcoin holdings is a hard task because of the recent incident of how Elon Musk Tesla’s Bitcoin involvement caused heavy price fluctuation in the whole market, so it is important to keep eye on these big organisations Bitcoin holdings.

BitcoinTreasuries exactly do the work of keeping an eye on the amounts of BTC disclosed by public US companies.

#10. CryptoTrader.Tax.

When it comes to manually filing the tax return of your crypto earnings, it is possible that you can miss the opportunity of taking tax exemptions.

With the CryptoTraderTax, you can automate entire crypto tax filing.

For creating tax reports, you can integrate the tool with major exchanges like Binance, Bittrex, Kraken, and many more.

After the integration, the tool takes care of the rest of the activities like tax liability calculation using FIFO, LIFO, HIFO methods, generating audit trail report, filling out IRS 8949 Form, Short term Long term Gain report, and Cryptocurrency income report.

You can use the tool for 14 days free, then you have to pay a fee.

#11. TensorCharts.

Like a TradingView, TensorCharts is also a charting tool, but it is not for novice traders.

TensorCharts uses order book heatmaps. These heatmaps pool data from order books across several different exchanges and display red and green blocks for orders waiting to be filled on either side.

Apart from the heat map, you can view the different crypto pair prices from different exchanges, including order books; even the tool allows you to code and analyse the data using JavaScript.

You can use TensorCharts in both by paying where you get a lot of features and by free with limited features.

#12. TradeSanta.

The Crypto market is a global phenomenon meaning there is no time frame to trading or do crypto transactions, so you have to track the market 24/7 to find profitable trade. On top of that, there are tons of crypto assets you have to keep track of. So crypto trading has become a difficult task.

But don’t worry. Crypto bots can solve your problem by automating the trading process.

TradeSanta is one of the beginner friendly crypto trading bot.

To TradeSanta you can integrate many exchanges like Binance, Bittrex, Huobi, HitBTC, and more using APIs; then you can customize your trading strategy by choosing a crypto pair, save it and go to sleep because the bot executes your trading even while you’re sleeping.

TradeSanta is not a free tool, you have to pay to use it. The price range starts at $14.

Conclusion.

These 12 tools help to make crypto trading easy whether you’re a beginner, intermediate or advanced trader. You can use some or all of the tools to find the next big trade or improve your current strategies.

Now it’s your turn to choose one.

Or, tell me your experience if you use any tools.