10 Tools Every Cryptocurrency Investor Must Have From Day One

Beginner’s Guide / 16.12.2018

Even though cryptocurrencies have not yet completed a decade, they are among the most sought-after investment. As of yet, no one actually knows how to analyze them with 100% accuracy, but there are some tools and services that give you an ample amount of crypto insights and can help you make strategic decisions while your research.

In this article, we will be sharing some of the must-have crypto tools that one should use to improve their research on crypto before investing. These tools are being used by most crypto investors worldwide to get the best out of the crypto revolution. However, please bear in mind that these tools and services only give you insights that you, as an investor, have to analyze and decide for yourself.

1. CoinMarketCap

CoinMarketCap is the best tool for crypto prices watching
Coinmarketcap (CMC) is a platform created to track various crypto currencies’ capitalization, the number of trades that use them, and the current price converted into fiat currencies. Cryptocurrency market capitalization means multiplying all issued coins derived from mining by the current cryptocurrency market price. Market capitalization defines the popularity of certain cryptocurrencies. CoinMarketCap’s service provides information about all digital currencies traded in at least one public exchange and have a non-zero trading volume. The CoinMarketCap app can function as a rating system that shows a list of cryptocurrencies sorted in descending order by their capitalization amount.

2. CoinCheckUp

Whenever you're in doubt about a crypto project check CoinChekUp
CoinCheckUp is a cryptocurrency analysis and research platform designed to offer you transparent information on each cryptocurrency. It describes itself as a site made for cryptocurrency market analysis and investment stats. However, the site claims that its information cannot be used for investment advice rather for informational purposes. Their formulas for the calculations are provided by themselves and their base information by CrytoCompare and CoinMarketCap.

3. CryptoMiso

CoinMiso is allowing you to check every crypto project GitHub commits to ensure that you are up to date with the development progress
CryptoMiso is a web service ranking cryptocurrencies based on the commit history of their most popular Github repository. Using CryptoMiso, one can check how many commits a particular crypto project has done in a given time frame. Commits are nothing but the number of times the code is improved or added to the code base.

4. Crypto news aggregation tool

The Best way to filter through crypto news is by have an aggregation tool
Cryptocurrency news aggregation is not a tool per se, rather a concept being made available by many tools to aggregate the crypto news all in one place. This aggregation helps investors be at the top of the market, and they can easily distinguish real from the rumors.
Some suggested popular services/tools in this niche are:

5. CoinMarketCal

CoinMarketCal is the place where you check the upcoming events of a crypto project.
CoinMarketCal is a website that lists the upcoming events for different cryptocurrencies. The interest and hype in different cryptocurrencies increase when any major milestones are achieved. Increased hype usually means increased demand for the tokens and may result in a higher price. CoinMarketCal is a community-driven project where the community creates posts, and with the votes, proofs, and sources, it’s verified. You can sort the events by date, coin, category, and the Hot Events.

6. Crypto Portfolio Tracker

Smart Tracking your crypto assets through a Crypto Portfolio
Over the past years, the cryptocurrency market has seen amazing growth. With more and more projects popping up, investors are having a hard time properly tracking their investments. The huge diversity found in the crypto coins and tokens means that crypto enthusiasts need an all-in-one platform through which they can manage their investments in dozens of different projects at numerous different exchanges and get a better understanding of their assets. We recommend CoinStats or Delta App, which shines as a portfolio management tool for one simple reason: it’s designed specifically to make strategic decision making easier. It gets the kinds of decisions you’re going to make and places as few clicks as possible between you and making that happen.

7. Crypto Hardware Wallet

Ledger nano S provides cutting-edge technology to safeguard your crypto assets
Cold Storage Wallets or hardware wallets are crypto wallets held offline, making them much harder to hack or steal because they are not always accessible. It is also thought to be the most secure way to keep your assets, and they are suitable for holding crypto for longer periods of time. Think about having a savings account, harder to access, but more secure. Hardware wallets can be Paper wallets, USB devices wallets, and lately mobile like devices.
We recommend Ledger Nano S, which comes with integrated security features to help you send and receive payments as safely as possible. It connects to any computer through USB and embeds a built-in OLED display to double-check and confirm each transaction with a single tap on its buttons.

8. Mobile Crypto Wallet

Mobile Crypto has never been easier thanks to Coinomi Decentralized mobile wallet
Mobile wallets have pretty decent security and easy functionality using QR codes, allowing you to make quick transactions. We recommend Coinomi, which is the most popular mobile wallet. It allows you to store, receive, send, and swap multiple cryptocurrencies directly from your iOS or Android device. It supports over 125 coins and 300 ERC20 tokens. It’s a decentralized mobile wallet, and Changelly provides the build-in swapping services.

9. ICO (Initial Coin Offering)/IEO (Initial Exchange Offering)/STO (Security Exchange Tokens) Calendar

ICO Calendar is a must for ICO enthusiasts
An ICO/IEO/STO is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for another cryptocurrency, usually bitcoin and/or ethereum. It’s somewhat similar to an Initial Public Offering (IPO) in which investors purchase a company’s shares. If you’re interested in investing in such projects, then a calendar is a must. There are many calendars available, a simple search on google with offering you everything you need. Don’t forget to #DYOR (Do Your Own Research) properly to avoid scams.

10. Trading Bots & Re-balancing Tools (for traders)

Trading Cryptocurrencies is a hard work, therefore, automation tools like Shrimpy have started to emerge
Shrimpy is a simple portfolio management website for the busy person. It adapts smart investors’ ideas outside of crypto to introduce simple automated strategies that can help increase returns. Shrimpy has two main advantages: ease of diversifying crypto-assets and automatic re-balancing for increased returns and decreased volatility. You decide your allocations, and Shrimpy takes care of the rest. Deposit crypto on an exchange, use a simple interface to select which cryptocurrency allocations you want in your portfolio and monitor your investments over time.

Closing Thoughts

in a particular crypto project. Many crypto investors are using these tools in synergy to find an optimum solution for their investment decisions.
However, using these tools doesn’t mean your profit is guaranteed. It means you are making a more informed decision. Using these tools together can be challenging at first, but as you get used to them, you will understand which to use, when, and how. Good Luck with your research!
Born in Bucharest, Marius is the founder of Crypto Adventure. Since his first contact with Bitcoin and cryptocurrencies, he never stopped believing that they are one of the most important innovations of our time, which will forever change the way business is done.