Best Crypto Trading Tools
Best Crypto Trading Tools
Summary
With the crypto industry constantly expanding, we are now burdened with finding all the best exchanges, trading platforms, wallets, crypto tax tools, and so much more, so filtering our options to the absolute best is a growing necessity.
In light of that need, we thought it was time to deliver for crypto traders. As a trader, you are always looking for anything that can add to your edge in the market, so we put together a well-crafted list of the best trading tools to do just that.
The best trading tools will undoubtedly depend on your trading style, but each platform we’ll be getting into is bound to have something of value you can use to improve your trading.
No platform will be a panacea for success, but any single platform could easily be the difference maker you need to propel yourself to that next level.
With that in mind, here is our list of the best crypto trading tools:
Best overall: CoinMarketCap
Best for technical analysis: altFins
Best for derivatives data: Coinglass
Best for on-chain data: Glassnode
CoinMarketCap (Best Overall)
CoinMarketCap has long been the go-to place for countless crypto traders and enthusiasts due to its robust suite of resources, crypto research tools, and sleek user interface.
Whether you want to check prices or market cap, track volume, catch the latest news, scan for coins, monitor crypto exchange data, or learn about crypto projects, CoinMarketCap is at your service.
Aside from being a near one-stop shop for crypto data, CoinMarketCap has an exceptional and intuitive design that makes watching and navigating the market incredibly enjoyable.
Some of the specific crypto tools traders will appreciate are the custom watchlists, state-of-the-art customizable coin scanner, and detailed exchange data that includes spot, derivatives, decentralized exchange, and lending platforms.
Professional traders with more advanced needs or seeking a charting tool might find CoinMarketCap a bit lacking, but the platform is still nothing short of exceptional.
Any crypto trader, new or old, can easily find value from CoinMarketCap as the leading cryptocurrency data aggregator. Rest assured, it is one of the most well-rounded crypto tools on the market.
Key Features:
- User-friendly
- Crypto news and education
- Advanced crypto screener
- Crypto data for decentralized and centralized exchanges
Link: https://coinmarketcap.com/
altFins (Best Technical Analysis Tool)
For simplicity’s sake, you can think of altFins as a less polished but more trader-focused version of CoinMarketCap with some of the best charting tools that can cater to your own trading strategies.
There are a lot of trading platforms out there, but it is quite rare to find a trading platform with all the right crypto research tools and different trading indicators for those specifically trading charts.
Users can watch the crypto markets broken down by bullish and bearish price patterns, view on-chain data, get the latest news, create watchlists, and access one of the most advanced crypto screeners available.
And as if that wasn’t enough, altFins also includes chart patterns/technical analysis, charts powered by TradingView, and allows users to link their respective crypto exchange via an API key.
If you are a chart-focused trader, few platforms will rival altFins. Between its technical indicator-based screener, trade alerts, and technical analysis support, it’s a must-check-out crypto tool.
Key Features:
- Advanced screening filters, including technical indicators (RSI, MAs, candlesticks, etc.)
- On-chain data
- Includes charts, charting tools, and technical analysis
- Trade with charts powered by TradingView through exchange APIs
Link: https://altfins.com/
Coinglass (Best Derivatives Data)
Coinglass is one of the absolute best places to monitor crypto derivates activity across all major crypto exchanges, which is why it easily secured its spot as one of the best crypto tools for traders.
While many traders are solely focused on spot, there is no denying the influence of derivate markets on price, meaning derivatives data is something every crypto trader can benefit from.
With Coinglass, you’ll be able to monitor funding rates, open interest, total liquidations, long vs. short data, order books, and so much more.
Coinglass also includes charts powered by TradingView and a wide range of charts to help users visualize much of the financial data the platform provides.
What’s especially useful about Coinglass is you can view the aforementioned data broken down by specific crypto assets, by exchange, in aggregate, and even by derivative type (perpetual, futures, options).
If you trade any form of crypto derivatives, Coinglass should be a required trading tool. And even if you don’t trade derivatives, the information it provides can help inform any trader in the crypto industry.
Key Features:
- Funding rates and open interest data
- Data are broken down by aggregate, asset, exchange, and derivative type
- Charts to visualize data
- Live price charts powered by TradingView
Link: https://www.coinglass.com/
Glassnode (Best for On-Chain Data)
Glassnode is the gold standard when it comes to crypto on-chain data, which has recently evolved into an incredibly well-respected tool in the crypto trader’s arsenal.
Many crypto investors use Glassnode for fundamental analysis, but the platform's utility goes well beyond market data for long-term crypto investments. Regardless of how long you plan to hold your crypto holdings, Glassnode will help you create an exhaustive crypto research report.
The best features of Glassnode are, unfortunately, behind a pay wall, but free accounts will have access to all the tier 1 statistics like wallet addresses, block statistics, fee data, ETF flows, hash rate, transaction data, and a fair amount more.
There are far too many data points you can track with the paid plans, so just know that you’ll be able to track more than what you’ll know what to do with.
Glassnode tracks data for multiple exchanges and blockchains, ten stablecoins, dozens of DeFi and exchange tokens, and a huge list of ERC-20 tokens, so the depth of its data stretches well beyond Bitcoin.
Like many of the other trading tools mentioned, Glassnode also includes charts powered by TradingView and its own charts that beautifully display all the data it collects.
Bottom line, if you want the most exhaustive on-chain data for crypto, look no further than Glassnode. Even if you are only interested in the free plan, Glassnode is easily one of the best crypto research tools.
Key Features:
- Most exhaustive on-chain data on the market
- Beautiful charts to visualize data
- Tracks multiple blockchains, stablecoins, DeFi and exchange tokens, and ERC-20 tokens
- Price charts powered by TradingView
Link: https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount
Conclusion
After walking through the seemingly endless list of crypto trading tools out there, we narrowed them down to four of the absolute best. Different crypto tools focus on different things, but each of these four can offer a uniquely beneficial service.
For most traders, CoinMarketCap will be a beautifully designed one-stop shop they can constantly rely upon for prices, news, scanning, and plenty more, making it the best overall trading tool.
For technical analysis-focused traders, altFins’ scanner, chart patterns, trend breakdowns, and countless other tools will prove to be the bright and shining light traders never knew they needed.
However, if you want to monitor the ever-changing derivatives data in the crypto market, Coinglass has some of the most extensive and beautifully organized data you’ll find.
And finally, if on-chain is your thing, there really is no better platform than Glassnode, with its unimaginably detailed insights across countless assets, chains, exchanges, and the crypto market more broadly.
All that being said, there’s no reason you can’t use all four of these incredible crypto trading tools, so do yourself a favor and explore each one to see firsthand just how helpful they can be.