Tools are important. We all need them. For one, they make the job easier or just plain simple. Efficient tools give its users some advantage. It helps them solve a problem, shows them a different perspective or simply automates some tedious responsibility.
In this respect, we’ve put together 4 tools every cryptocurrency trader or investor should make use of.
If You Had Bought Crypto
There are times when you would like to look into the past to see what those decisions could have led you to. If You Had Bought Crypto allows you to do just that, without a glowing crystal ball.
This web allows you to see how much you would, have gained or lost if you had invested in cryptocurrency over a time period.
Bitcoin Flip is a trading simulator that gives you the feel of trading using current prices and market fluctuations without the risk of losing your money. It is like trading cryptocurrency on training wheels.
As a beginner in cryptocurrency investment/trading, this is the tool you should consider using to widen and experiment different trading strategies. Bitcoin Flip also allows you to monitor the price of different cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple’s XRP and several others.
Blockfolio is a cryptocurrency portfolio tracker. There are a number of cryptocurrency portfolio apps in the market. But this is the most popular and it is completely free. This app allows you to monitor more than 8,000 cryptocurrencies. You can also be among the first to know about new developments around your favourite cryptocurrency. In addition to these, there are other interesting features your crypto journey could immensely benefit from.
Here’s a review of Blockfolio for more information.
If there was ever just one tool cryptocurrency traders and investors should have in their arsenal, it would be CoinMarketCap. This website shows you the information on digital assets including trading volumes for the last 24 hours, the current price, market cap, change, circulating supply and a 7-day price graph for all existing cryptocurrencies.
In addition to this, CoinMarketCap also provides a few things that you’d find useful in your cryptocurrency journey. Here are a few of them.
- Historical snapshots
- A currency converter calculator
- Crypto glossary
- API service
- An events calendar