When investing in cryptocurrencies, having the best crypto tools at your disposal can make all the difference, so I'm here to introduce you to some of them.
Soon, you'll know how these tools can help you make informed decisions, manage your investments effectively, and stay ahead in the fast-paced crypto world. Whether you're looking for crypto exchanges, price tracking websites, or top tools to calculate crypto tax, I've got you covered.
Some of the best tools for trading crypto might even fit into multiple categories, like Binance. That said, let's proceed to the list right away so you can make your dream crypto toolbox.
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Table of Contents
- 1. #1 Crypto Learning Tool
- 2. Best Crypto Tools: Exchanges
- 2.1. Binance
- 2.2. Coinbase
- 3. Best Crypto Tools: Wallets
- 3.1. Ledger Nano X
- 3.2. Coinbase Wallet
- 4. Best Crypto Tools: Price Trackers
- 4.1. BitDegree
- 4.2. CoinMarketCap
- 5. Best Crypto Tools: Tax Calculators
- 5.1. Crypto.com Tax
- 5.2. Binance Tax
- 6. Best Crypto Tools: Blockchain Explorers
- 6.1. Etherscan
- 6.2. BscScan
- 7. Conclusions
#1 Crypto Learning Tool
Before looking into the best crypto tools for trading, the first thing you should do is make sure you're well-equipped with knowledge about the crypto world. After all, there's a lot to learn about this ever-evolving space, even if you already have some experience. Now, that's where the BitDegree Web3 Missions come into play.
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By completing them, you can not only get familiar with various processes (like acquiring your first NFT), but also learn about some great crypto platforms and projects (like the KuCoin exchange or AEVO).
The best part is that BitDegree Missions provide you with a gamified and incentivized learning experience. This means that it will feel more like playing a fun game than boring learning, and you'll be able to earn some amazing rewards, too.
Besides the Missions, you'll also find four levels of the BitDegree Web3 Exam, which will help you get more familiar with the crypto world as a whole and evaluate your knowledge level.
The Exam works similarly to how Missions work, apart from the fact that some levels might take a longer time to complete, plus each level provides you with a free NFT Certificate of Completion.
All in all, if you're searching for a fun learning experience, you should definitely check out the BitDegree Missions.
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Best Crypto Tools: Exchanges
Now, when looking for the best crypto tools to guide you through your journey, one of the initial and critical steps you'll face is selecting the right cryptocurrency exchange. The choice of exchange can significantly shape your entire investment experience.
Choosing the best tools for trading crypto is akin to ensuring you have a reliable and safe car for a road trip. It's a fundamental choice that can either smoothen your journey or make it a bumpy ride.
In order to choose the right crypto exchange, consider factors such as the diversity of cryptocurrencies available, user experience, liquidity, customer support, security, and reputability.
The selection of the best crypto exchange for you is a significant decision on your crypto journey, so be sure to DYOR and read reviews, as they'll help assess an exchange's trustworthiness in the crypto world.
Remember, your exchange is your crypto vehicle, so ensure it's a reliable one.
Binance
Binance, often hailed as the heavyweight champion in the world of cryptocurrency exchanges, deserves a prominent spot in our exploration of the best crypto tools available.
With its staggering average daily trading volume reaching tens of billions of dollars, a colossal user base exceeding 180 million, and over 350 listed tokens, Binance has firmly established itself as one of the best crypto trading tools for crypto enthusiasts.
At its core, Binance reigns supreme as one of the largest crypto exchanges, boasting an impressive array of trading options. Whether you're into spot trading, margin trading, P2P trading, or exploring the world of trading bots, futures, and options, Binance has you covered.
However, Binance doesn't stop there. It's a versatile ecosystem that extends beyond trading, making it one of the top 10 crypto research sites & tools out there.
For those seeking in-depth insights and unbiased analysis in the digital asset industry, Binance Research is a valuable resource. This institutional-grade platform ensures that all participants in the crypto world have access to top-notch information, and is among the best crypto analysis tools available as of writing.
Stepping into the world of NFTs? Binance has got you covered with its official NFT marketplace, Binance NFT. This platform is designed with a community-focused approach, aimed at enhancing the NFT experience for users.
If you want to stay updated with the latest trends in Web3, Binance Feed serves as a one-stop destination. It curates content from crypto experts, enthusiasts, and media sources, delivering real-time insights as they happen. Many consider it to be one the best crypto research tools out there.
Oh, and Binance also offers one of the top tools to calculate crypto tax, but I'll talk more about that later.
I could go on and on with all Binance has to offer, but you got the point. Binance's multifaceted approach to the world of cryptocurrency and blockchain makes it one of the top 10 crypto research sites & tools for anyone looking to dive into this exciting and dynamic space.
Coinbase
Coinbase, a pioneer in the world of cryptocurrencies, has come a long way since its inception in 2012, and can be considered one of the best crypto trading tools out there.
Besides offering over 240 tokens for trading, Coinbase boasts an impressive $130 billion in assets on its platform, serving users in over 100 countries. It also facilitates a trading volume that reaches billions of dollars, attesting to its popularity among crypto enthusiasts.
One of the standout features of Coinbase is its commitment to security. As a publicly-traded company based in the USA, Coinbase takes the protection of its users' assets seriously. It maintains a 1:1 ratio for customer asset holdings and employs state-of-the-art encryption measures to safeguard your holdings.
Another noteworthy aspect of Coinbase is its customer support. Whether you have a question or need assistance, you can reach out to their support team via phone or messaging. It even offers a virtual assistant and, depending on the hours, access to a live support agent.
Though, Coinbase doesn't just focus on security and support. Considered among the best crypto trading tools, it also excels in trading functionality. With features like TradingView charts, sophisticated order types, and APIs, Coinbase provides everything you need for efficient trading executions.
Its advanced charting tools, including EMA, MA, MACD, RSI, Bollinger Bands, and custom drawing tools, enable you to take advantage of the best crypto analysis tools out there, elevating your trading strategies to new heights.
Coinbase is also a one-stop shop for all things crypto. Beyond trading, you can earn, spend, send, and even borrow using your Coinbase account.
Among any "top 10 crypto research sites & tools list", Coinbase has earned its place as one of the best crypto exchanges on the market. Whether you're a seasoned trader or just entering the world of crypto, it has some of the best crypto tools to enhance your investment experience.
Best Crypto Tools: Wallets
If you're deciding on the best crypto tools to use with digital assets, another critical decision you'll need to make is choosing the right wallet.
Think of your crypto wallet as a digital vault for your hard-earned assets, where security and trustworthiness are paramount. There are two primary types of crypto wallets – software and hardware.
Software wallets are like apps or programs that you can install on your computer or mobile device. They are user-friendly and convenient, making them a popular choice for many crypto enthusiasts. These wallets are further categorized into online, desktop, and mobile wallets.
However, if you prioritize security above all else, hardware wallets are the best crypto tools for you.
These physical devices resemble USB drives and are designed explicitly for storing cryptocurrencies offline. They are immune to online hacking attempts, providing an extra layer of protection for your assets. Thus, hardware wallets are considered one of the safest options in the crypto space[1].
Ledger Nano X
What you truly possess in the crypto realm is a private key that grants access to your coins. Ensuring the security of this key is non-negotiable, and that's where Ledger Nano X, one of the best crypto tools available, steps into the picture.
The Ledger Nano X is a Bluetooth-enabled hardware wallet that offers top-tier security for your cryptocurrency holdings. With it, you can securely store, purchase, exchange, and even grow your crypto, all while managing your NFTs - neatly consolidating your digital assets into one safe space.
The Ledger Nano X can safeguard and manage over 5,500 different cryptocurrencies, including popular ones like Bitcoin, Ethereum, Ripple, and some of the more niche ones. It's a versatile tool that covers a wide spectrum of the crypto landscape.
What sets the Ledger Nano X apart is its ability to work seamlessly with third-party platforms and the best tools for trading crypto available out there. Setting it up is a breeze, and during the process, you can also transfer your funds from another wallet to the Ledger Live app, which is the software used to manage the device.
When it comes to security, the Ledger Nano X stands as a fortress against online threats. Your assets are stored offline on a secure chip that's entirely isolated from the internet, rendering it nearly impervious to online attacks. The Ledger Live app adds an extra layer of security with features such as two-factor authentication and secure PIN protection.
Moreover, the Ledger Nano X empowers you to make your crypto work for you. You can grow your digital assets by staking some of them directly within the Ledger Live app. Alternatively, you can lend your stablecoins like DAI, USDC, and USDT, which is another way to generate earnings passively.
To put it short, the Ledger Nano X is one of the best crypto tools for anyone looking to safeguard their cryptocurrency investments. Its wide coin support, compatibility with third-party platforms, ease of use, and top-notch security features make it a standout choice in the world of crypto wallets.
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Coinbase Wallet
The Coinbase wallet is a software wallet that opens doors to the exciting realm of decentralized finance (DeFi). It's designed to be user-friendly, secure, and efficient, making it an excellent choice for crypto enthusiasts and one of the best crypto tools available as of writing.
One of the standout features of the Coinbase wallet is its role as a digital gateway to a multitude of blockchain-based applications, commonly known as dApps. This means you can seamlessly interact with various blockchain platforms, manage your cryptocurrencies, perform token swaps across multiple chains, and even earn yields – all using one wallet.
Another significant advantage of this wallet is its self-custody nature. This means that the private keys are 100% yours as they are stored on your device, not on Coinbase.
Besides, Coinbase's strong security measures ensure that every transaction is as secure as it can be. This demonstrates Coinbase's commitment to safeguarding your assets and further solidifying the platform's position among the top 10 crypto research sites & tools.
Moreover, you can link the wallet seamlessly to your Coinbase account, making it easily accessible whenever you need it. Plus, with Coinbase's 24/7 customer support at your disposal, you can trust that your user experience will be smooth and hassle-free.
The Coinbase wallet is a versatile and secure software wallet that simplifies the world of DeFi and crypto management. With its user-friendly approach, robust security measures, and integration with Coinbase, it's a valuable tool for anyone looking to enhance their crypto investment experience.
Best Crypto Tools: Price Trackers
Among the best crypto tools to help you really understand the crypto world, reliable crypto trackers are very important, as well. They're some of the best crypto research tools to help you monitor various aspects of the crypto market, ensuring you stay well-informed and in control of your investments.
Crypto trackers come in various flavors, each serving a specific purpose in the crypto ecosystem. The main types you'll encounter include crypto price trackers, crypto portfolio trackers, crypto tax trackers, crypto whale trackers, and crypto wallet trackers.
Today, I'd like to delve deeper into an essential tool for the crypto community: crypto price trackers. Such trackers do precisely what their name suggests – they keep you updated on the prices of various cryptocurrencies. These top crypto tools are essential for anyone looking to buy, sell, or trade digital assets.
A good crypto price tracker should provide real-time updates, support a wide variety of cryptocurrencies, offer charting tools for technical analysis, customizable alerts, and a user-friendly interface.
When choosing the best crypto research tools for you, consider the features that matter most to you and your investment strategy, and you'll be well-equipped to navigate the dynamic world of cryptocurrency.
BitDegree
BitDegree, an all-in-one crypto learning hub, is a valuable addition to the world of cryptocurrency enthusiasts and traders. It stands out as the best crypto price tracker available. Though, within BitDegree's versatile platform, users can access a wealth of resources to enhance their crypto journey, making it one of the best crypto research tools overall.
Its extensive crypto price tracker covers over 21,000 cryptocurrencies. Whether you're interested in tracking well-known assets like Bitcoin and Ethereum or exploring more niche options, BitDegree has you covered.
The BitDegree crypto tracker provides comprehensive information about cryptocurrencies. Alongside the current price, you can access data on market cap, fully diluted market cap, volume, and supply details (circulating, total, and max supply).
For those who prefer visual aids, the platform offers various graphs and charts, including price trends, market capitalization, candlestick patterns, and even an integrated TradingView graph for in-depth analysis.
But that's not all. BitDegree's crypto tracker goes the extra mile by providing insights into the crypto's trading activity, including the exchanges with the highest trading volumes, making it one of the best tools for trading crypto – armed with that information, you can guarantee deep liquidity for your transactions.
BitDegree's tracker also offers historical price data, social signals, and even countdowns for events like halving.
For those unsure about which cryptocurrencies to explore, BitDegree presents lists of top gainers, losers, most traded assets, and socially active tokens, making it easy to stay updated with the crypto market's buzz.
Additionally, BitDegree offers a Fear & Greed Index, a valuable tool for traders to gauge market sentiment and make informed decisions. Understanding the prevailing emotions among other traders is crucial for determining the market's current direction.
However, BitDegree doesn't stop at tracking cryptocurrencies. It also monitors over 1,800 crypto exchanges, including popular platforms like Binance, Bybit, and Kraken. Users can access data on trading volumes, social signals, and the number of markets available on these exchanges.
To put it short, BitDegree's feature-rich crypto tracker, coupled with a plethora of other tools and resources, solidifies its position as one of the best crypto tools in the market. Whether you're looking to track prices, assess market sentiment, or explore crypto exchanges, BitDegree has you covered.
CoinMarketCap
When exploring the top crypto tools, CoinMarketCap is a name that's likely to pop up. It's a widely recognized platform for tracking cryptocurrency prices.
CoinMarketCap's price tracker is a comprehensive tool covering hundreds of thousands of crypto assets. It provides essential data, including current prices, market capitalization charts, trading volumes, supply details, trading market information, and historical price data.
Beyond these basics, CoinMarketCap aims to offer a broader view of each crypto asset. Users can access news related to the asset, project information, details about wallets supporting the asset, and links to its social media accounts.
CoinMarketCap also offers a user-friendly crypto portfolio tracker. However, while it's free, it lacks advanced features. Notably, it cannot integrate with crypto exchanges or wallets, requiring manual entry of transactions for tracking. In a world where automation is highly valued, this limitation stands out as a notable drawback.
Best Crypto Tools: Tax Calculators
Managing your crypto-related taxes might not be the most exciting thing, but it's very important to do so if you don't want to face any unexpected trouble down the road. In this context, crypto tax calculators are the best crypto tools to make this process a whole lot easier.
First and foremost, though, why should you even bother with a crypto tax calculator?
Well, cryptocurrencies are a bit like the Wild West of finance. They're highly volatile, decentralized, and the tax rules regarding them can be complex[2]. Without crypto tax calculators, keeping track of your crypto transactions and calculating your tax liabilities can be a real headache.
As such, top tools to calculate crypto tax can simplify this process and help you avoid costly mistakes when it's time to report your earnings to the tax authorities.
Crypto.com Tax
Crypto.com Tax is a great addition to your crypto toolbox, especially if you're looking for a reliable and hassle-free crypto tax calculator. This user-friendly tool streamlines the often daunting task of calculating and reporting taxes on your cryptocurrency gains and losses.
The best part? It won't cost you a dime, and it seamlessly integrates with all the best crypto trading tools, making it one of the top tools to calculate crypto tax.
What sets Crypto.com Tax apart is its versatility. It's designed to accommodate a wide range of cryptocurrencies, allowing you to consolidate all your transactions in one convenient place.
Getting started with Crypto.com Tax is a breeze. You simply need to create an account and link your exchange or wallet accounts. The platform will then automatically import your transaction data and crunch the numbers, all while adhering to the tax laws of your specific country.
Any additional transactions can be easily incorporated using a CSV file provided by the platform.
Besides, Crypto.com Tax is able to generate tax reports for various locations. As of writing, it covers tax jurisdictions in Australia, Austria, Canada, Denmark, Finland, France, New Zealand, Norway, Spain, the United Kingdom, and the United States.
Binance Tax
If you're in the market for a reliable and user-friendly crypto tax calculator tailored to the Binance exchange platform, then Binance Tax is among the best crypto tools for you to consider.
One drawback for some is that, as of writing, Binance Tax is only accessible in France and Canada. However, Binance has plans to expand its availability to other countries, as well as integrate it with different blockchains, exchanges, and wallets. So, if it doesn't fully meet your needs at the moment, keep an eye on its development.
What sets Binance Tax apart is its simplicity. The platform is designed to be user-friendly and intuitive, making it accessible even to beginners. You don't need any prior tax or accounting knowledge to use it, and the interface is straightforward and easy to navigate.
Moreover, Binance Tax excels in accuracy, especially for transactions that occur on the Binance exchange platform. Binance employs advanced algorithms and cutting-edge technology, ensuring it can handle complex tax scenarios with ease, even if you're dealing with multiple cryptocurrencies.
On top of all that, Binance Tax is entirely free. There are no hidden fees or charges to worry about, and you can generate unlimited tax reports for your Binance transactions.
Best Crypto Tools: Blockchain Explorers
The last type of tools you should use is blockchain explorers. They are considered by many some of the best crypto tools to truly comprehend how crypto actually functions. They give you a window into the complex world of blockchain technology, acting like a search engine for a specific blockchain network.
Although they require a bit of tech know-how, you can use blockchain explorers to check transaction histories, wallet balances, and real-time transactions. As such, these crypto tools are essential for monitoring the blockchains they're tied to.
Each blockchain network is unique, so it's crucial to find the right blockchain explorer for your needs. A specialized explorer can offer a more comprehensive view of the data, tailored to that network.
While blockchain explorers may not be the flashiest part of the crypto world, they are indispensable tools. Your choice of an explorer tailored to your specific needs can significantly impact your crypto journey.
Etherscan
Etherscan is among the best crypto analysis tools for those navigating the Ethereum blockchain. As an all-in-one Ethereum blockchain explorer, it serves as a window into the intricate web of transactions, addresses, and activities that unfold on the Ethereum blockchain.
One of the standout features of Etherscan is its ability to provide in-depth information on Ethereum transactions and addresses. This makes it a top choice for traders and enthusiasts seeking a reliable blockchain and wallet tracker.
While Etherscan may appear a tad overwhelming to newcomers due to the sheer volume of data it offers, it's usually seen as the go-to option for anyone looking to monitor Ethereum blockchain activities.
This blockchain explorer seeks to empower you to mimic the trades of other investors, keep a close watch on token prices, stay informed about transaction fees, stay up-to-date on blockchain developments, explore smart contracts, track NFT creations, and even identify questionable smart contracts or potential crypto scams.
However, it's worth noting that Etherscan is exclusively tailored for Ethereum-related tracking. If you're interested in monitoring other blockchains, you'll need to turn to specialized blockchain trackers designed for those networks.
- A very well-known crypto exchange platform
- More than 500 different cryptos available
- Two-factor authentication
- Over 500 different cryptocurrencies available
- Strong security
- Small withdrawal fees
- Very low trading fees
- Exceptional functionality
- Mobile trading app
- Very competitive trading fees
- An intuitive mobile app
- Up to 100x leverage available
- Secure and reliable
- Low fees
- A good amount of fiat currencies accepted
- Reputable exchange
- Multiple fiat currencies are accepted
- Relatively low trading fees
BscScan
BscScan, is a blockchain explorer brought to you by the same creators as Etherscan. It primarily serves as an analytics platform for the Binance Smart Chain (BSC), but it doesn't stop there.
At its core, BscScan allows you to do several essential tasks. First and foremost, you can use it to look up transactions, allowing you to track their progress and details. For those who want to stay up-to-date with the latest developments on the BSC blockchain, you can also check out the most recent blocks that have been added.
However, it's not just about tracking transactions and blocks. BscScan lets you peek into wallets' balances and view their transaction history. Furthermore, you can search for, read, and interact with the smart contracts deployed on the Binance Smart Chain. This ability to interact with contracts is particularly useful for those interested in DeFi and dApps.
Additionally, if you're into cryptocurrency research, BscScan comes in handy for investigating token supplies and other crucial data. By the way, you can access all of this information without the hassle of signing up, and it won't cost you a dime.
If you're willing to invest a bit of time in learning the ropes, BscScan can become a valuable tool in your crypto arsenal.
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Conclusions
The world of cryptocurrencies offers a wealth of opportunities for investors, and having the best crypto tools at your disposal can make a significant difference in your journey. Each of the tools you've learned about serves a unique purpose, catering to various aspects of your crypto investment needs.
From established platforms like Binance and Coinbase to hardware wallets like Ledger Nano X and learning tools like BitDegree Missions, the crypto landscape is ever-evolving, with projects like these continually striving to simplify your experience.
So, don't forget to put the insights you've gained into practice, and witness how these tools can streamline your crypto voyage. May your crypto toolbox empower you to make informed decisions, enhance your investment experience, and ultimately achieve your financial goals in the world of cryptocurrencies.
Scientific References
1. S. Suratkar, M. Shirole, S. Bhirud: 'Cryptocurrency Wallet: A Review';
2. T. Dunn: 'The World of Digital Assets - Are You Ready?'.
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