Navigating the crypto market often feels like riding a roller coaster – thrilling, unpredictable, and occasionally stomach-churning. To make the best out of your time in crypto, it’s important that you use the best tools at your disposal.
However, picking the right tools for the job can be challenging due to the abundance of different options and paywalls.
In this article, we will examine the best tools for crypto analysis, trading, and research. And the best part – they are all free!
Here are the best crypto tools by category:
- Best crypto analysis tools: CoinCodex, TradingView, and DeFiLlama
- Best crypto trading tools: Binance, Coinbase, and Uniswap
- Best crypto research tools: Glassnode, Dune Analytics, and CoinDesk
Crypto analysis tools
Use these tools to study price charts, market trends, and statistical data to make informed decisions.
CoinCodex
CoinCodex is one of the leading crypto price tracking sites in the industry. While it’s obvious that we are at least somewhat biased in our opinions (you are reading this article on CoinCodex, after all), we believe that our platform provides insight into the crypto market that’s unmatched in the space.
In addition to real-time price tracking data for more than 29,000 digital assets, you can find historical price data, automated risk analysis, market sentiment analysis, and much more on the platform. If you want to gain insight into future price movements, you can check the algorithmically generated crypto price predictions, which gather historical and technical analysis data to plot potential price movements.
The platform offers a great deal of flexibility as well, allowing you to save your favorite cryptos, add them to your crypto portfolio, and set price movement alerts. You can also customize the price tracking pages by setting different filters, including time periods, trading volume, and more.
Key features:
- Offers real-time data on over 29,000 digital assets, including historical and risk analyses
- Users can access algorithm-based crypto price predictions calculated based on historical and technical data
- Personalization with saved favorites, portfolio tracking, and customizable alerts
TradingView
TradingView is a popular platform for crypto analysis for several reasons. Firstly, its user-friendly interface makes it accessible to both beginners and experienced traders. The platform provides a wide range of technical analysis tools, allowing users to analyze price charts, use various indicators, and implement drawing tools for a comprehensive analysis.
One of the standout features of TradingView is its social aspect. Traders can share their analyses, ideas, and predictions with the community. This creates a collaborative environment where users can learn from each other, discuss market trends, and gain insights that they might not have considered on their own.
Key features:
- Favored for its easy-to-use interface suitable for all trading levels.
- Offers extensive technical analysis tools for detailed price chart evaluations
- The platform's social feature lets traders share and discuss analyses and market trends
DeFiLlama
DeFiLlama aggregates data from various decentralized finance platforms, offering users a centralized hub to monitor and analyze the performance of different projects. This saves time and effort that would otherwise be spent navigating multiple platforms.
It provides real-time metrics on various DeFi protocols, including total value locked (TVL), trading volumes, and token prices. This real-time data is essential for making timely and informed investment decisions in the dynamic and fast-paced world of DeFi.
Key features:
- Serves as a centralized hub for data from multiple decentralized finance platforms
- Offers real-time metrics on DeFi protocols, including TVL, trading volumes, and token prices
- The platform can help in making timely investment decisions in the fast-paced DeFi sector
Crypto trading tools
Use these tools to buy, sell, trade, and swap cryptocurrencies.
Binance
Binance is the largest cryptocurrency exchange in the world – by some estimates, the exchange controls over 70% of all crypto spot trading volume. The platform, which is widely considered one of the best crypto exchanges, offers all the usual features you would expect from a cryptocurrency exchange, including spot trading, crypto loans, an NFT marketplace, a self-custodial crypto wallet, and more.
Advanced traders will be happy to learn they can leverage Binance’s API to execute more sophisticated trades than would otherwise be possible using the default trading interface. You can also connect Binance to various automated trading platforms or crypto arbitrage scanners.
Key features:
- The world's largest crypto exchange with over 60% of spot trading volume
- Advanced traders can use Binance's API for sophisticated trading strategies
- Supports integration with automated trading platforms and arbitrage scanner
Coinbase
Coinbase provides a user-friendly interface that caters to both beginners and experienced traders. Its intuitive design makes it easy for users to navigate the platform, buy and sell cryptocurrencies, and manage their portfolios with minimal hassle.
Security is a top priority for Coinbase. The platform employs industry-standard security practices such as two-factor authentication and cold storage for the majority of user funds. This commitment to security helps instill trust among users, knowing that their assets are well-protected. It is worth noting that Coinbase (COIN) is the only publicly traded crypto exchange in the US.
Uniswap
Uniswap is the leading decentralized exchange in the cryptocurrency space. Contrary to centralized exchanges like Binance and Coinbase, decentralized exchanges operate on a decentralized network of nodes, meaning that users don’t give up control over their funds. Liquidity is provided by users who stake their digital assets to liquidity pools in exchange for a share of trading fees.
The Uniswap protocol provides a simple, yet powerful way of swapping between different tokens directly on the blockchain without the need for any intermediaries. There’s no need to open an account or provide personal information, as Uniswap functions entirely through smart contracts on the blockchain.
Key features:
- A user-friendly interface suitable for both new and experienced traders
- Emphasizes security with two-factor authentication and cold storage for funds
- The only crypto exchange in the US that is publicly traded
Crypto research tools
Use these tools to gather data, follow the latest developments in crypto, study new projects and trends, and understand market fundamentals.
Glassnode
Glassnode specializes in on-chain data analytics, providing users with deep insights into blockchain data. The on-chain analysis allows researchers to monitor transactions, addresses, and network activities in real-time, offering a comprehensive view of the market. Unfortunately, not all of the platform’s features are free, but the one feature we would like to highlight is.
What makes Galssnode a great research platform are its weekly reports, which take into account on-chain data and interpret results for easier digestion. This can be especially useful for beginners who might not know how to interpret advanced technical analysis factors and market trends on their own.
Key features:
- Offers in-depth on-chain data analytics for comprehensive market insights
- Enables real-time tracking of transactions, addresses, and network activities
- Weekly reports simplify complex on-chain data, aiding beginners in understanding market trends
Dune Analytics
Dune Analytics is a great platform if you want to dive deeper into blockchain data and metrics. The platform allows users to create customizable dashboards that query data from various sources to create comprehensive overviews. For instance, you will find dashboards like “NFT Volume”, which aggregate data from various blockchain platforms and serve it in an easily digestible way.
The Dune Analytics platform might not be the most beginner-friendly platform out there, but it is not difficult to use by any means – if you have at least rudimentary knowledge of computers you should have no problems navigating around the site. If you want to leverage its more advanced features, like creating your own dashboards, then you will need to consider investing some time into learning.
Key features:
- Enables deep dives into blockchain data with customizable dashboards
- Aggregates data from multiple blockchainsources for easily understandable overviews
- Advanced features, such as creating personal dashboards, require time investment to learn
CoinDesk
CoinDesk is one of the leading crypto news sites. It covers a wide range of topics related to blockchain and Web3 and provides neutral and objective reporting on important stories in crypto. In addition to news, CoinDesk has a robust podcast network, which is one of the favorite crypto podcasts available right now.
If you want to stay on top of the latest developments in crypto, which is essential if you are doing any kind of crypto research, then CoinDesk is one of the best platforms you can use.
Key features:
- A premier crypto news site covering blockchain and Web3 topics
- Known for neutral and objective reporting on key crypto stories
- Ideal for staying updated on the latest developments in crypto
The bottom line: The right tools can help make informed decisions
If you read this article, you are someone who wants to enhance their crypto research routine. If you use crypto tools on this list, we believe that you will have a much better understanding of what goes on in crypto, which could translate into making better investment decisions.
If you are just starting out in crypto, or you’re just someone who didn’t really invest any time in educating themselves on crypto, we suggest that you read our ultimate guide on investing in cryptocurrency. If you already know how to trade crypto and understand basic concepts, then consider checking out our weekly updated list of the best cryptos to buy.
