The Crypto Tools Every Investor Needs to Know About
There's a lot to learn about investing in the world of cryptocurrencies and blockchain, but the good news is that there are many ways to leverage your skills and knowledge.
Out there, you can find tools to help you in trading, research, education, marketing, portfolio management and more. The network effect makes it so that one tool can be used together with another to provide additional services, which means it's necessary for you to keep up-to-date with all these new developments.
The key to all this is investment, both in time and resources. The more time you spend reading, watching and learning the tools of the trade, the more profitable you'll be as an investor.
At the same time, the more you invest into tools and other offerings, the richer your experience will be and the less crypto mistakes you'll make.
Top Crypto Tools for Every Investor
There are no particular order nor rules for this list, just a general description of the tools that we use or have considered using at one point or another in our crypto career. We hope you enjoy them!
1. Kubera: Best All-in-One Financial Tracking Tool
Rohit Nadhani, the creator of Kubera, was saved from a riptide in Costa Rica in 2019. During his free time at home, he reflected mostly on decisions he had made in his life. He began tracking his assets in a Google spreadsheet, including real estate, shares, and bonds, as well as crypto assets, collectibles, and precious metals.
He spoke with his wife how he wanted his assets distributed after he died. The discussion resulted in the idea for Kubera, and the journey started. Kubera is a cutting-edge modern portfolio tracker that has access to over 20,000 banks and can analyze virtually any global currency, including digital assets. Because there is no cluster in the UI, you may add and see your financial data without feeling overwhelmed.
As Kubera has frequently said, no third party can use your banking statements to conduct transactions on your behalf. The company also offers a B2B (White-label) application for financial advisers and businesses who have financial solutions to offer their clients.
In the bitcoin business, Coinbase is a well-known name.
Coinbase is primarily a cryptocurrency exchange, but it also offers consumers a dashboard to check the performance and balance of their portfolio, a built-in bitcoin wallet, and even a trading platform for more skilled investors.
The user-friendly design of Coinbase is what makes it one of the most popular crypto tools and a common "starting point" for many investors.
Coinbase has a large knowledge base and a unique learning program in which users may earn cryptocurrency while learning about new currencies, making crypto even more accessible to newbie investors.
Blockfolio is designed for more seasoned bitcoin investors.
Investors may use Blockfolio, a cryptocurrency portfolio tracker and exchange, to purchase and sell a range of cryptocurrencies.
Using Blockfolio's portfolio tracker, investors will have access to a wealth of information that goes well beyond the conventional ticker symbols and basic performance indicators.
With Blockfolio's "Blockfolio Signal" feature, which includes a full market overview, a crypto news section, and a thorough crypto market summary, crypto teams may give investors real-time information on the latest occurrences in the cryptocurrency market.
4. Crypto Pro
Crypto Pro is yet another cryptocurrency utility, in addition to trading and keeping track of bitcoin holdings.
However, for those who want to go above and beyond in terms of data protection, this is an excellent option.
Crypto Pro achieves this goal with integrated TouchID and FaceID security, as well as the option to encrypt and store your user data locally on your smartphone or in the cloud. The site will not track users' browsing tendencies or portfolio sizes as part of this agreement. As a result, the company is unable to use or sell customer data for advertising purposes.
If you're an investor with a broad portfolio of assets, such as cryptocurrency coins, that must be considered while filing your taxes, tax season can be extremely difficult.
Accounting goes above and beyond to help investors create the location-specific tax reports they need to file taxes more simply when the time comes, in addition to assisting them in managing their cryptocurrency portfolios and tracking the success of various currencies in which they are interested.
Investing, especially in the world of cryptocurrencies, is a collaborative and inclusive process.
There are so many tools available and these are just a few of the best. Many other tools have been discontinued or are no longer active, but new ones continue to emerge, thus it’s not crucial to keep track of them all.
On your investor journey, it’s recommended you keep up-to-date with the tools you use and read up on the new evolutions in the cryptoworld. Good luck!
This article was contributed by Sophia Young, who recently quit a non-writing job to finally be able to tell stories and paint the world through her words. She loves talking about fashion and weddings and travel, but she can also easily kick ass with a thousand-word article about the latest marketing and business trends, finance-related topics, and can probably even whip up a nice heart-warming article about family life. She can totally go from fashion guru to your friendly neighbourhood cat lady with mean budgeting skills and home tips real quick.
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