How to Start Trading Crypto
If you want to start trading crypto then here you will find what I consider to be the best tools to help you both in investment decision and also in tracking you profit / loss.
There will not be any extensive description on any of the topics, the intention here is just to provide guidelines for anyone who wants to start from scratch.
Bellow are the topics we will cover
- Exchange
- Charting Tool
- Portfolio Tracker
- Useful Sites
Exchange
First thing and most important, you need to choose an exchange. There are many in the market and there are both CEX (Centralized Exchanges) and DEX (Decentralized Exchanges). Here we will look only at CEX.
Bellow you can see a list of the top 10 CEX taken from CoinMarketCap
Binance shows up in #1. As you can see, it has the highest trading volume and the highest number of available coins for trading. This is something that is good for you as this means more opportunities and cash flow.
If you want to register in binance, you can follow this link.
Charting Tool
The most widely used tool for charting is TradingView.
Here are some of the things you can do in TradingView:
- Apply Technical Analysis Indicators to charts
- Keep Watch Lists
- Crypto Screener
- Paper Trading
- Multi Charts
- You can create multiple templates
I suggest you create a free account and try out the tool, it’s pretty useful.
Portfolio Tracker
There are plenty in the market.
If you want something for your smartphone, then I suggest blockfolio:
Blockfolio allows API Connection which means you will always have updated data without the need for any manual edition.
If, on the other hand, you want something browser based / for PC use, then I recommend Accointing.
Accointing is not only a portfolio tracker, it also helps you with your tax fillings.
Useful Links
There are some other websites that I use, some are news related, other are events calendar, those are useful for detecting bullish / bearish sentiments.
News:
- Cointelegraph Bitcoin & Ethereum Blockchain News
- CoinDesk — Leader in crypto and blockchain news and information.
- Cryptocurrency News | Latest Crypto News today | Cryptonews.com
- CoinBench — Read, track prices, create your front page in crypto
- CryptoPanic — News aggregator platform indicating impact on price and market for traders and cryptocurrency enthusiasts
Calendars:
