The new world of Cryptocurrency trading such as Bitcoin, Ethereum and much more, can be extremely profitable, but it’s also a minefield of misinformation, scams, and potential technical disasters that could cause people to lose all their Crypto.
New traders tend to get trapped by pump-and-pump trading rooms, alternative cryptocurrencies that have zero value, or end up buying when they should be selling.
In addition to joining a quality community of traders, you should also take the time to acquire the best tools and resources to trade Cryptocurrencies.
We are going to talk a little bit about the tools that you need to boost your profit, learn how-to trade and have your coins safe. Here are the top 4 best tools for getting started trading:
Coinmarketcap is the most trusted index for historical snapshots of cryptocurrency market capitalizations rankings. With this platform you check how the market in behaving and also go deeper and learn in wich exchanges coins are being traded and other features. Another similar website worth mentioning is livecoinwatch.
2. Ledget Wallet
Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.
Reasons to use a Hardware Wallet such as Ledger Nano S:
- Hardware wallets are safer
- Immune to virus attacks
- They are portable
3. Use the best charting tools
If you want to be an active trader, then you need to use the best charting and order execution tools.
The best charting and trade analyzing tool I’ve found is Coinigy.
Coinigy is an all-in-one trading platform that has charting and order execution for all of the important digital currencies and exchanges.
You can link your accounts to Coinigy, actually place orders, and track your trades in a single location.
They have a beautiful charting interface with all the drawing tools and indicators you’d need to analyze technical analysis.
Preev is a simple exchange rate index. You can use this platform for a quick conversion of your assets into a specific coin. Example: Bitcoin to Euro.