The 8 Best Crypto Trading Software Tools for New Investors
Are you a rookie trader who wants to have a right start? Then you have to be equipped with the necessary knowledge and relevant crypto trading software tools to build your crypto wealth. Although there are significant risks involved in this venture, don't doubt your capacity to succeed.
Unlike years before, beginner traders nowadays can have a great start. That's because of the many developments coming in the crypto sphere.
- Bitcoin Core – A full Bitcoin node. Platforms: Mac OS, Linux, and Windows. All of the wallets I’ve covered so far are known as SPV wallets or lite wallets. This means that they don’t have a full copy of the blockchain in order to verify transactions – they rely on other computers on the network to give them transaction information.
- Tradingview is a huge company which offers live trading charts for both crypto and stocks. They are one of the largest charting providers, with more technical indicators than you will ever need. They have both free and premium functionalities. All the best traders use Tradingview as their main cryptocurrency tool for charting.
- GoCharting is an advanced real-time free cryptocurrency charting software and stock or forex charting tool. I know you are interested in crypto and I will cut it short for you. It is a free tool for crypto charting, where you have access to 100+ cryptocurrency exchanges and 14,000+ crypto pairs.
- Compare the best Crypto Portfolio Management software of 2021 for your business. Find the highest rated Crypto Portfolio Management software pricing, reviews, free demos, trials, and more.
Moonitor is a premium crypto ticker app available for Windows, macOS, and Linux. You can use Moonitor to bring cryptocurrency markets to your desktop in the form of a basic ticker, or as a more extensive cryptocurrency chart.
Best cryptocurrency trading software platforms :
- Altrady: Best for all-in-one crypto trading
- Binance: Best for trading altcoins
- Bittrex: Best for beginners
- Poloniex: Best for security
- Coinbase Pro: Best for professional traders
- KuCoin: Best for trading pairs
- Kraken: Best for crypto funding
Let us look at some of the most popular crypto exchanges and promising crypto trading tools and software in 2020. These platforms could help you make the right investment decisions and take the right trading actions.
8 Best Crypto Trading Software Tools for Starters:
“Making Crypto Traders' Lives Easier”
Altrady is a Netherlands based multi-exchange cryptocurrency trading platform with advanced crypto tools for managing trades, monitoring markets, and keeping track of portfolios across different exchanges. Probably the best cryptocurrency day trading software for 2020-2021.
Altrady Features
Traders can connect their exchange API keys to the Altrady crypto trading software to enjoy the following features:
- An all-in-one crypto trading platform that can integrate multiple exchanges so that users can place their buy and sell orders on the Altrady dashboard without the need for opening all their exchange accounts;
- A customizable trading interface with layouts that users can personalize depending on their goals and strategy;
- A comprehensive portfolio manager that allows users to see the distribution of their assets per currency and exchange;
- The desktop app, mobile app, and web-based version of the software;
- Notes widget that can serve as a trading journal of users; and
- A break-even calculator makes automatic computation without the need for spreadsheets as part of its best crypto trading software tools.
- Altrady it's probably the best day trading platform
Altrady Services
- Real-time crypto alerts that are considered to be among the fastest in the market.
- It also has a Crypto Base Scanner software that sends thousands of crypto signals for manual and automatic trading 24/7.
- The Altrady cryptocurrency trading blog and community also provide avenues for crypto learning among users.
Altrady Fees
Altrady, probably one of the best crypto app does not have trading fees. Users only pay for plan subscriptions with different pricing for each package:
- 14-day free crypto trading trial that includes signals, trading, and portfolio management
- €9.07 monthly for signals package
- €13.97 monthly for trading package
- €20.97 monthly for advanced trading package
- Altrady offers a 30% discount for an annual subscription
See also: Best Crypto Banks
'The World's Leading Cryptocurrency Exchange'
Binance is considered as the largest crypto exchange platform in the world based on trading volumes. Its daily trading volume goes over $2 billion. This cryptocurrency exchange also processes over 1.4 million trading transactions per second.
Binance Features
- Binance takes pride in its entire cryptocurrency ecosystem that encompasses various aspects in the crypto industry, such as:
- Cryptocurrency auto trading software through Binance Exchange
- Blockchain Technology Infrastructure Development through Binance Lab
- Cryptocurrency Analysis through Binance Research
- Tech Startup Funding & Token Research through Binance Launchpad
- Crypto Education through Binance Academy
- Social Aid through Binance Charity Foundation
- Crypto Payment through Binance Card
- Cryptocurrency Storage through Trust Wallet
- Accessible trading through a mobile app, desktop, web, and API versions;
- Supports margin trading; and
- Fund insurance through SAFU or Secure Asset Fund, which allocates 10% of trading fees for the protection of user funds during extreme cases.
Binance Services
- Binance offers 24/7 support services.
- Binance Fiat Gateway allows the purchase of digital currencies using fiat currency. Users pay through credit or debit cards, and the crypto purchased is immediately deposited to the Binance wallet.
- Binance OTC Trading or over-the-counter trading provides a personalized way of trading for those who want to trade large blocks securely and quickly.
Binance Fees
- Binance has different trading fees depending on the user's VIP level, which is determined by the 30-day trading volume and/or BNB balance.
- Lowest VIP Level has to pay 0.1% trading fees. This could go down as the trader reaches a higher tier at the VIP level.
- Deposit fees are mostly free of charge, while different withdrawal fees are depending on the coin to be withdrawn.
- Bittrex
'Global Leader in the Blockchain Revolution'
Bittrex is a Zurich-based cryptocurrency exchange platform that provides an institutional-grade experience for beginner and professional traders. It operates within the European region's blockchain framework that requires compliance to KYC (Know Your Customer) and AML (Anti Money Laundering) policies.
Bittrex Features
- Secure exchange platform with multiple layers of protection for fund and transaction safety;
- A custom-built trading engine which allows users to complete their orders in real-time;
- Fast deposits and withdrawals powered by an automated monitoring platform for updated information on account balances and trading orders;
- Supports over 220 cryptocurrencies; and
- Charting tools by Trading view.
- Great crypto broker software
Bittrex Services
- Fiat (US & EUR) to crypto deposits through debit and credit card;
- Crypto to fiat withdrawal;
- Responsive customer support & Zendesk knowledge base;
Bittrex Fees
- Bittrex charges 0.2% commission fee on trades;
- Maker and taker fees are ladderized based on the 30-day trading volume of the user;
- Visa top-up fee or deposit is at 3%;
- Withdrawal fee depends on currency to be withdrawn with Bitcoin at 0.0005 BTC, Ethereum at 0.01 ETH, and Litecoin at 0.01 LTC, among others.
See also: Best Crypto Paper Trading Platforms
- Poloniex.
'The Legendary Crypto Asset Exchange'
Poloniex is among the top cryptocurrency exchange platforms and is registered in Seychelles. It allows trading of digital currencies using secure technology.
Poloniex Features
- Poloniex has over 60 cryptocurrencies or digital assets listed the exchange;
- Over 100 spot trading pairs;
- Over 25 margin trading pairs; and
- Now allows the purchase of Bitcoin with credit and debit cards through the Poloniex wallet.
Poloniex Services
- Live chat customer support;
- Margin lending and borrowing which allows borrowers to trade on borrowed funds and lets lenders earn crypto interest.
Poloniex Fees
Poloniex has a tiered trading fee structure, which is based on the average 30-day trading volume of the user. For the lowest tier, maker fees are about 0.15% while taker fees are about 0.25%. This significantly goes does as the trading volume increases.
See also: Shorting Cryptocurrency
- Coinbase Pro
'The Most Trusted Platform for Trading Cryptocurrency'
Coinbase Pro is formerly known as GDAX and was established in 2015. It is owned by Coinbase, a California-based digital currency wallet and exchange platform that was founded in 2012. It allows individual users to trade a variety of cryptocurrencies on a secure and insurance-backed exchange.
Coinbase Pro Features
- Coinbase Pro has an easy and intuitive user interface;
- Has advanced trading tools for experienced traders who make high-volume trades;
- Has strong security and regulatory compliance with extensive Know Your Customer (KYC) procedures;
- All its digital assets stored online are fully insured to provide protection to its users of up to $250,000 (in USD balance) per customer; and
- Has a crypto learning course that allows users to know more about cryptocurrencies and earn for every completed course.
Coinbase Pro Services
- Coinbase Pro provides real-time crypto market data through its WebSocket feed.
- It has a trading API that enables the development of trading bots.
- Institutional investors can opt to use Coinbase Prime for higher trading volumes.
Coinbase Pro Fees
Coinbase Pro's trading fees are based on a tiered structure that is dependent on the 30-day USD trading volume. The highest fees go around 0.50% for both maker and taker. This rate decreases as trading volume goes up the ladder.
See also: Best Bitcoin Interest Accounts
- KuCoin.
'Safe Bitcoin Transactions Start on KuCoin'
KuCoin is among the most popular crypto exchange platforms and was launched in 2017. This Hong Kong-based exchange has over 5 million registered users from more than 200 countries and regions. Its institutional investors include IDG Capital and Matrix Partners.
KuCoin Features
- KuCoin supports a wide range of cryptocurrencies with over 200 listed digital assets and 33 fiat currencies;
- Has over 400 trading pairs;
- Offers accessible trading through web and mobile app;
- Supports multiple trading order types to cater to different risk appetites;
- Offers spot trading and margin trading; and
- Allows purchase of cryptocurrencies using fiat through Simplex, Banxa, and OTC;
KuCoin Services
- KuCoin has live chat support for concerns and queries.
- It offers VIP membership services where traders can climb up the ladder to get certain benefits.
- KuCoin Instant Exchange allows traders to make fast and one-click exchanges of up to 10 cryptocurrencies.
KuCoin Fees
KuCoin trading fees are dependent upon the membership level of the trader. This is determined by the different criteria such as 30-cryptocurrency day trading volume on KuCoin, 30-day trading volume on KuMEX, 30-day holding of KCS, and average 30-day total assets.
Trading fee rate for members of the lowest tier is 0.1%. This can go as low as 0.013% for maker fees and 0.04% for taker fees as soon as the user reaches the highest membership level.
- Kraken
'We Put the Power in Your Hands to Buy, Sell and Trade Digital Currency'
Kraken was established in 2011 by Jesse Powell and is recognized to be among the oldest and highly respected Bitcoin exchanges in the world. It is known for offering a high level of security and deep liquidity.
Kraken Features
- Kraken has a comprehensive approach to protecting the funds of its users with 95% of its deposits stored offline, servers caged and under surveillance 24/7, and all sensitive information encrypted, among others;
- Has set up multiple levels of security for account logins, withdrawals, monitoring, and trading;
- Availability of fiat funding options for traditional currencies like USD, EUR, CAD, JPY, GBP and CHF through banking deposits;
- Allows margin trading;
- Allows futures trading;
- Has two market views that reflect cryptocurrency prices:
- Real-time indices and spot rates are accurate updates second-by-second based on compiled order book data from top crypto exchanges
- Reference rates and settlement prices are updated once daily and are computed using transaction data from various crypto exchanges
Kraken Services
- Offers crypto funding options for corporate clients;
- Offers personalized over-the-counter (OTC) trading services for the execution of large trades;
- Offers account management for advanced traders who want the assistance of personal account managers; and
- Has live chat support
Kraken Fees
Kraken follows a tiered fee schedule that is based on the 30-day trading volume of users. The highest rates are 0.16% for maker fees and 0.26% for taker fees. These fees are charged on a per-trade basis and discount tiers are assessed after every trade.
See also: Buy Ethereum
- Coinigy
'Ultimate Cryptocurrency Portfolio Management Suite'
Coinigy is a Milwaukee-based crypto exchange and wallet management platform that was established in 2014. It was built with the goal of easily accessing global financial markets of the future.
Coinigy Features
- Coinigy crypto app has an automatic portfolio tracking that allows users to keep track of assets 24/7 without manual edits;
- Trading in connected exchanges using the Coinigy app;
- High-definition charting with 75 bitcoin technical indicators;
- Supports more than 45 exchanges; and
- Has a multi-tiered server architecture.
Coinigy Services
- Offers SMS and email price alerts;
- Has extensive crypto charting tools;
- Offers account integration through the use of API; and
- 24/7 live chat support and help desk.
Coinigy Fees
Coinigy has different pricing schemes for each of their plans:
Top Crypto Mining Software
- Starter account is free
- Pro Trader account $18.66 per month for an annual payment
- API Developer Pro account is $99.99 per month
See also:Algorithmic Crypto Trading
Choosing from the Best Crypto Trading Software Tools
Even with this summary of the main features and services of the 8 best crypto trading software tools, you could still ask yourself, 'Which one should I use?'
The answer would depend on many factors such as the following:
- Digital Assets to Invest In - Each exchange could differ on the number of listed digital currencies and trading pairs. It is always best to do your research first about the cryptocurrencies to invest in including the developer behind the token, the historical growth and stability of the coin, and the average trading volume. You could also visit forums and join crypto communities to have an idea about trends for each market.
- Availability of Crypto Exchange in Your Location - Not all exchanges could be available in your location. From the crypto exchanges above, you could check which cryptocurrency platforms covers your state or country.
- Purchase of Fiat to Crypto - Since you are just starting to invest, you are most probably holding only traditional currencies. Some of the exchanges above offer direct purchase of crypto using fiat currencies. You can choose to go this route if it is available in your local currency or you can first buy or exchange your fiat for crypto in other platforms.
- The Number of Exchanges You Will Use - Some starters stick to one crypto exchange, but there are also those who are spreading out their assets and trades in a few exchanges for diversification and fund safety purposes. If you are pursuing the latter option of spreading out your trades in many exchanges, then it would help a lot if you will choose a crypto trading platform where you can manage multiple exchanges such as through Altrady or Coinigy.
- Security - Research about the security history of these crypto trading software tools to protect your funds.
- Customer Support and Community - As a beginner, it is always best to choose crypto trading platforms and tools that would give you immediate help and support when things are getting confusing or a bit challenging to understand.
We hope that you enjoyed reading the 8 best crypto trading software tools for new investors in the cryptocurrency space.
Remember, the first steps in your trading journey will determine your success in the future. Make the right decisions and use your favorite best bitcoin trading platform, make use of the right tools.
Recommended articles:
If your life revolves around the trade of cryptocurrencies than life must be a bit tough for you to keep track of all the investments you have done. An individual always needs to keep a track of all the prices of the coins constantly. Even with a small amount of trading in this field can be really tough for any individual to keep track of their coins. Profit and loss completely depend on keeping a good track. So the conclusion to this is very clear, have the best cryptocurrency portfolio tracker app to manage everything. This will help all to know about their investments and their real value in the market. Let’s discuss some best cryptocurrency portfolio tracker apps for 2020:
The Best Crypto Portfolio Tracker Apps:
CoinTracker
Cointracker is a well known as one of the best crypto portfolio tracker platform to manage all your crypto at one place. It is a cryptocurrency tax calculator platform that is also equipped with an attractive crypto portfolio manager tool available for desktop and mobile platforms including app support for Android and iOS. Users can track their entire crypto portfolio with this tool. It allows users to connect all exchanges, defi platforms and wallets to automatically calculate and track their crypto portfolio. At present, it supports 300+ exchanges, wallets and over 2500+ cryptocurrencies. Users can add their public wallet address to load complete information of the cryptos within the wallet. Get CoinTracker Now!!!
For example: if you have more than 100 tokens within your ERC20 supported ETH wallet address, you do not need to add info about each token manually. To load all token information users will have to add your ETH address in the CoinTracker app only.
CoinMarketCap
Coinmarketcap(CMC) is a well-known crypto portal for exchange volumes, market cap & rank, prices, and currency conversion. With CMC app users can track holdings such as Bitcoin, Ethereum, XRP, EOS, Tron and 2000+ other coins & tokens. CMC app is the best crypto app around, with market capitalization, candlestick charts, portfolio tracker, currency converter including fiat, coin and token news, and crypto comparison tools. From bitcoin to altcoins, users can get accurate and real-time rates in a single place.
Crypto Trading Software Windows
You can track portfolio in 90+ fiat currencies including USD, EUR, JPY, KRW, CNY, crypto bases such as BTC, ETH, LTC and precious metals such as Gold. This app is loaded with the following features listed below:
- CoinMarketCap crypto market cap ranking
- Exchange ranking
- Global crypto stats
- Crypto portfolio & watchlist
- Crypto & fiat currency converter
- price alerts
- Compare crypto
- Crypto news & info
Crypto Pro
Crypto Pro is an all-in-one cryptocurrency tracker with a clean and elegant design. Users can track 5,000+ assets, read the latest news, set prices alerts, and track their portfolios via exchange sync or wallet import.
The app has a macOS version that supports all the features you can find on its iOS counterpart, as well as a menu bar widget so you can always keep an eye on the volatile cryptocurrency market. If you’re always on the go, you can instead get the Apple Watch app and track your investments in the form of complications. These can range from simple price tickers to larger ones with sparklines and percentage change. DownloadiOS | Android
Some cool features:
- Exchange API sync & wallet import from 280+ sources
- Portfolio tracking with statistics
- Widgets for iPhone and iPad.
- Customizable app icons.
- Real-time price updates
- FaceID, TouchID or passcode lock
Altpocket
Altpocket is a leading social crypto portfolio tracker, with a powerful asset manager and social platform mixed into one. You can automatically sync transactions from your favorite exchanges and see them all in one simple consolidated view. It’s also possible to check out like-minded traders’ portfolios and follow their performance, or even talk about the latest trends on the social feed. Curious to see what someone’s next move is? Get notifications for each trade they make, as it happens. Complimenting the web platform, Altpocket has a feature-rich mobile application that allows you to track your portfolio on the go, or stay in touch with fellow investors. Altpocket saves time, eliminates stress, and is proven to help with managing one’s portfolio, whether it’s deciding what coin to sell or seeing how you’re performing. Download:Android | iOS
CoinStats
CoinStats is another useful and popular cryptocurrency portfolio tracker platform where users can set up and track their portfolio manually buy adding their coins manually or they can sync wallet and exchange to avoid manual entry. Features of this platform also include personalized alerts and insights as well. CoinStats is supporting more than 100 exchanges and wallets and currently available as iOS, Android, WEb, Telegram Bot, Chrome extension, and Apple watch. Coinstats is an all in one crypto tracker app for complete mangement of your crypto investment.
BITSNAPP
Bitsnapp is a relatively new app only for android devices to manage favorite cryptocurrencies. It allows automatically to sync your portfolio through multi-Exchange APIs and wallets and quickly access market information. Its attractive interface will provide you with a quick overview of your crypto holdings. It shows charts and other useful information which will help you keep track of all assets.
- It supports more than 1300 tokens.
- Automatic exchange synchronization (using API keys)
- Automatic wallet addresses tracking
- Portfolio charts
- In-app customizable and responsive news feed
BLOCKFOLIO:
It is one of the famous listed application which deals with the problem of deducting the amount from all the coins once they are sold. Apart from that it also has an attractive feature where an individual an easily deduct the BTC/ETH or any primary currency during the purchase of a new coin. This is considered as the best and most popular application among the users. This is only for the tracking purpose of all individual portfolios. It is a smart application and an easy one too.
Highlighted features:
- It is a totally mobile-based application that is not supported on pc or laptop. Therefore it is only available for iOS and Android phones.
- Keep all users updated with their coin values through the coin chart.
- One can set alert through alert option for emergency increases or decrease of coin value.
- Any individual can save their token ID by clicking on the setting option on the setting page of the application.
UnSpent
Unspent has every feature you would expect from a crypto portfolio tracker and does more than that. It’s built for crypto investors who want tools to better understand their portfolio, assets, and projects they’ve invested in, as well as the larger cryptocurrency markets.
It saves you time and gives you all the information you need to make the decisions that right for you. Connect exchanges and wallets you use to keep them synchronized, and in addition to seeing your portfolio’s value, it’ll show you all the profits you’ve realized, allow you to place price alerts, see how much of your portfolio you have on exchanges vs wallets (and which ones precisely), see how your portfolio is spread across small/mid/large caps, allow you to analyze your portfolio’s performance and volatility, and even the correlation between any crypto assets.
CRYPTO COMPARE:
This is a quite famous and familiar application to all cryptocurrency lovers. It is the most popular app to understand and can be used by any individual flawlessly. One can add coins and see the value according to his convenience. It can be used to create many different portfolios as it has many different features that can be beneficial to all new users. They can easily create beautiful charts and graphs for themselves. It is strictly created for portfolio management so therefore it only supports all cryptocurrencies.
This application can be used on both pc as well as mobile. One can easily at his own time get access to their account. While an individual is adding cryptocurrency they can easily specify where it is stored. It also has an advantage where an individual can see all the distribution of percentages for each coin.
COIN TRACKING:
This application has proved itself to be one of the best and famous among the users. One can not only trade nationally but also internationally they can trade through CSV (Check Sequence Verify) as well as through API (Application Programming Interface). On the other hand, one can use famous wallets such as Exodus, Electrum, and Blockchain.info for trading.
This is the best solution for all the people who are planning to trade with crypto as they can see how much amount they are actually holding in their accounts. It is also an easy solution for tax calculation. This application is offering the users to use it through pc and mobile both.
COINWINK:
Coinwink is a cryptocurrency price alerts, watchlist & portfolio tracking app for Bitcoin, Ethereum, and other 2500+ crypto coins and tokens. Coinwink monitors cryptocurrency prices 24/7 and alerts its users by e-mail or SMS when their defined conditions are met.
With the Portfolio and Watchlist features, users can track coins and tokens from different blockchains in one single place and be aware of the market situation with the minimum amount of time and effort invested. Coinwink is a cross-platform, privacy-focused, and open-source cryptocurrency service.
ALTPOCKET:
Altpocket is one of the easiest and well-planned applications created only for portfolio tracking. It has one of the trendiest layouts if compared with the others. Adding coin is very easy and learning is fun. If you are thinking about the signing process, then you must be happy knowing that’s its free sign up application.
MINTFORT:
It is a desktop-based crypto portfolio management tool that is available for Windows and MAC operating systems as of now. Mintfort is an API-based cryptocurrency portfolio management service that provides a portfolio tracker for multiple exchanges. Currently implemented exchanges are Binance, Bitfinex, Huobi, Kucoin, Bittrex, and Kraken.
CONCLUSION:
I hope you enjoyed this piece of wiring where we handpicked few apps to make a collection of best cryptocurrency portfolio tracker apps for our readers. All the above-listed applications have their own facilities depending on the users and their needs. It also helps an individual to trade any time of the day as he can easily keep track of the profit and loss of the currency and trade accordingly. Going through all the application can help an individual to have a great experience and knowledge about the application.
On the other hand, it might be easy for the user to decide which application to use so that it will suit him the best. If you need a refresher or some more in-depth knowledge of crypto you can check out Vanilla’s ultimate guide.
Please feel free to share your opinion or review on this app. You may also suggest to us if we missed adding any must-have app for the list above.