36 Best Crypto Tools for Analysis, Trading & Research in 2024

Crypto trading is a lucrative but risky venture. You can earn massive profits by exchanging one digital currency for another, but one wrong move can wipe out your entire financial portfolio. 

However, there’s a way to mitigate these risks and increase your chances of earning big. With the help of crypto tools, you can navigate the turbulent waters of cryptocurrency trading like an expert and achieve your investment goals with this financial asset. 

Here are the best crypto tools you need to level up your trading game for 2024.

List of the Top 36 Crypto Tools

Cryptocurrency Exchanges

Earning big with crypto is dependent on choosing the right cryptocurrency exchange. 

What are cryptocurrency exchanges?

A cryptocurrency exchange facilitates the buying, selling, and trading of cryptocurrencies in a secure and user-friendly environment. You can access them via websites or mobile apps and use them as a crypto analysis tool.

How this tool helps:

These crypto trading tools offer a huge pool of cryptocurrencies for you to choose from and have high liquidity so you can confidently buy and sell assets without significant price fluctuations. They also offer robust security features and provide insights into coin prices. 

Best Cryptocurrency Exchanges:

1. Binance

Binance is one of the largest and most popular crypto exchanges, offering a wide range of digital currencies, advanced trading features, and global reach.

2. Coinbase

Coinbase operates the largest cryptocurrency exchange in the US by trading volume. It’s a user-friendly crypto tool with a simple interface, making it ideal for beginners. 

3. Kraken

Kraken is a well-established exchange known for its robust security measures, a diverse range of cryptocurrencies, and advanced trading options, catering to experienced traders and institutions.

Cryptocurrency Trading Platforms

For savvy crypto investors, one of the best crypto tools to help you maximize your investments is a cryptocurrency trading tool. 

What are cryptocurrency trading platforms?

Crypto trading tools look the same as crypto exchanges. You can buy, sell, and trade digital currencies in both of them. But crypto trading tools let you trade on multiple exchanges using a single interface. 

You don’t need to create an account on different exchanges. Instead, under one trading platform account, you can take advantage of the best market prices in any exchange. 

Related Content: List of the 15 Best Crypto Market Makers

How this tool helps:

Using these crypto trading tools give you access to a large pool of digital currencies, including traditional investment instruments like stocks, so you can know which exchange has the best price.

Best Cryptocurrency Trading Platforms:

4. eToro

eToro is a user-friendly social trading platform where you can trade cryptocurrencies, stocks, and more while interacting with a community of traders.

5. BitMEX

BitMEX is one of the top trading tools catering to experienced traders by offering advanced trading features, such as leveraged trading on Bitcoin and other cryptocurrencies.

6. Bybit

Bybit is a Dubai-based crypto exchange that provides online spot and derivative trading services, mining, and product staking. 

Hardware Wallets

Even if you’re dealing with digital assets, you still need a crypto tool to help you secure your investment. 

What are hardware wallets?

Hardware wallets are physical devices that store cryptocurrencies offline. This crypto tool keeps your private keys isolated from online threats like cyberattacks, making them the most secure way to store cryptocurrencies. 

How this tool helps:

Hardware wallets are designed to sign transactions securely, and most offer backup and recovery features, ensuring that you can retrieve funds if the wallet is lost, stolen, or damaged. They also support multiple cryptocurrencies so you can store various digital assets in one device.

Best Hardware Wallets:

It’s essential to purchase hardware wallets from reputable sources and manufacturers to avoid potential tampering or security risks. 

7. Ledger Nano X 

This wallet comes with a live app for conveniently controlling your digital assets.

8. Trezor Model T 

This user-friendly crypto tool has a touchscreen LCD and can store 1,456 coins and tokens, including Bitcoin, Ethereum, Litecoin, and more.

9. KeepKey

KeepKey is a sleek and beautiful hardware wallet with backup and recovery features, PIN protection, customizable transaction speeds, and native Thorchain integration for effortless exchanges.

Crypto Wallets

Just like a physical wallet, you need a crypto tool that lets you conveniently access and store your digital currencies. 

What are crypto wallets?

Crypto wallets don’t store your crypto assets. Instead, they keep your private keys so you can access your cryptocurrencies stored on the blockchain. You can keep these keys written on paper, stored in a USB device (hardware wallets), or encrypted in an online wallet.

How this tool helps:

Crypto wallets help you manage all your digital assets in a secure place so you can send and receive cryptocurrency anywhere, anytime. You don’t have to remember long hexadecimal “public keys” to trade. With this crypto tool, you can use unique usernames instead. 

Best Crypto Wallets:

10. Exodus

Exodus lets you manage multiple portfolios within a single app. You can stake and buy crypto, explore Web3 apps, and view your NFTs using your iOS or Android devices.

11. Atomic Wallet

This secured crypto wallet supports anonymous accounts so you can keep your private keys encrypted without revealing private information.

12. Trust Wallet

This crypto tool allows you to buy Bitcoin in under five minutes and earn interest on any crypto kept on the app. 

Market Analysis Resources

Cryptocurrencies are highly speculative investment assets, so you need to conduct due diligence and crypto market analysis to guide your trades. Fortunately, there are crypto analysis tools. 

What are market analysis tools? 

Crypto market analysis tools are websites that provide real-time and historical data on various cryptocurrencies. You can use them for comprehensive cryptocurrency data analysis since most also function as technical analysis tools and offer charting tools. 

Related Content: Top 30 Crypto Venture Capital Funds for 2024

How this tool helps:

When it comes to crypto investing, you must make decisions based on your own research using crypto analysis tools. Don’t just ride the bandwagon without fully understanding the data beneath. With the help of crypto analytics tools, you can make your own data-driven decisions through charts, transaction metrics, and other fundamental and technical data.

Best Market Analysis Resources

13. CoinMarketCap

This is one of the best crypto analysis tools that lists prices, market capitalization, trading volume, and other relevant information on various cryptocurrencies.

14. CoinGecko

CoinGecko is one of the best crypto analysis tools that offers comprehensive data on digital currencies. You can use it to gain a deeper understanding of individual coins and their underlying fundamentals.

15. TradingView

This is a versatile crypto analysis tool that covers various asset classes, including cryptocurrencies. It provides advanced charting tools and technical analysis indicators. It’s also one of the best technical analysis tools that you can use to conduct cryptocurrency price analysis.

Cryptocurrency Educational Platforms

Educational platforms are one of the best crypto tools to be a successful crypto investor. 

What are cryptocurrency educational platforms?

These are online resources that provide comprehensive information, tutorials, guides, and articles to educate you about digital currencies and blockchain technology. Most include charting tools and serve as a crypto analysis tool.

How this tool helps:

These crypto tools will increase your awareness and understanding of the complex crypto world, so you can make the right investment decisions and be confident in your choices. You can also use them as crypto analytics tools since they’ll help you better understand the market’s movement.

Best Cryptocurrency Educational Platforms

16. CryptoCompare

This crypto research tool offers insights into trading, investing, mining, wallets, and other essential aspects of the cryptocurrency ecosystem. As a crypto analysis tool, you can find real-time data on coin value to help inform your trading decisions.

17. CoinDesk

CoinDesk is a leading cryptocurrency news and information platform that gives you educational content along with the latest updates on the crypto industry. If you need help with fundamental analysis or making sense of your charting tools, this is a great crypto analysis tool.

18. Investopedia – Cryptocurrency Section

Investopedia is a well-known financial education resource where beginners can find tons of introductory information on crypto and blockchain technology, including key terms, how they work, and their potential applications.

Decentralized Exchanges

If you think centralized exchanges are expensive or unsecured, you have another option: decentralized exchanges or DEXs. 

What are decentralized exchanges?

Decentralized exchanges (DEXs) operate without a central authority or intermediary. Unlike traditional centralized exchanges, these crypto tools facilitate peer-to-peer trading directly between users, relying on smart contracts and blockchain technology to execute and settle trades.

How this tool helps:

This crypto tool will help you save some money through lower trading fees since DEXs don’t maintain extensive infrastructures like centralized exchanges. This crypto tool also gives you more control of your private keys and funds since you’re not required to deposit your assets to a centralized exchange’s wallet. 

Best Decentralized Exchanges

19. Uniswap 

This is one of the best crypto trading tools built on the Ethereum blockchain. It’s an automated market maker (AMM) protocol that allows users to swap ERC-20 tokens directly from their Ethereum wallets.

20. PancakeSwap 

This crypto tool is built on the Binance Smart Chain (BSC), which is compatible with the Ethereum Virtual Machine (EVM). It operates similarly to Uniswap but with lower transaction fees due to BSC’s higher scalability.

21. SushiSwap

SushiSwap incentivizes liquidity providers with its native token, SUSHI, which can be earned in addition to standard trading fees. Users can stake their SUSHI tokens to earn a share of the platform’s revenue.

Related Content: Top 6 Crypto Liquidity Providers for 2024

Crypto Tax Tools

As cryptocurrencies are subject to taxation in many countries, it can be challenging to keep track of your crypto activities and ensure compliance with tax regulations. 

What are crypto tax tools?

Crypto tax tools are designed to assist cryptocurrency users and investors in accurately calculating their tax liabilities related to their crypto transactions. These tools for crypto tax reporting streamline the process of tracking, reporting, and calculating capital gains, losses, and other taxable events associated with cryptocurrencies. 

How this tool helps:

This crypto tool uses sophisticated algorithms to calculate your tax obligations accurately, saving you from manually calculating your taxes, which can be time-consuming, especially for frequent traders. They also ensure you remain compliant with tax regulations and avoid the risks of tax penalties. 

Best Crypto Tax Tools

22. CoinTracker

CoinTracker integrates with popular exchanges and wallets and is trusted by millions of crypto investors because of its user-friendly interface, accurate tax reporting features, and automatic transaction import.

23. CryptoTrader.Tax

This crypto tool has rebranded to CoinLedger but still offers the same reliable and fast crypto tax calculations and report generation that thousands have come to love. This crypto tool is also a trusted partner of TurboTax so you can easily import your crypto tax reports to any TurboTax software.

24. TokenTax

TokenTax is known for its ease of use and extensive integrations with various exchanges and platforms. Beyond just a platform, this crypto tool offers VIP services where you can work with a dedicated team and receive tailored crypto tax solutions and crypto accounting for businesses. 

Crypto News Websites

Stay updated with the latest crypto trends and events by following the top crypto news websites. These sites will also help you maximize your crypto analytics tools.

What are crypto news websites?

Crypto news sites are online platforms that provide up-to-date information, analysis, and coverage of the latest news and developments in the blockchain industry. Together with your crypto analysis tools, these sites will provide a comprehensive picture of the crypto industry.

How this tool helps:

These crypto tools play a crucial role in keeping you informed about market trends, regulatory updates, technological advancements, project developments, and other events relevant to the crypto space. When you’re unsure of the movements in your charting tools, these crypto analytics tools will give you the answer.

Best Crypto News Websites

25. CoinDesk

CoinDesk’s team of reporters and journalists frequently deliver timely and in-depth articles, making it a go-to source for breaking news and insights in the crypto industry.

26. Cointelegraph

Cointelegraph delivers breaking news, analysis, and feature stories on blockchain technology, cryptocurrencies, and decentralized applications (DApps).

27. CryptoSlate

CryptoSlate offers a comprehensive directory of cryptocurrencies and Initial Coin Offerings (ICOs), along with data on token metrics, project updates, and team information.

Cryptocurrency Mining Software

Aside from getting coins via cryptocurrency trading tools, you can also get them using cryptocurrency mining software.

What is cryptocurrency mining software?

Mining is the process of validating and adding new transactions to a blockchain network while also securing the network through computational work. With crypto mining software, you can participate in this process. 

How this tool helps:

The crypto tool will use your computer’s processing power to solve complex mathematical puzzles, which, once completed, will be rewarded with newly minted cryptocurrency tokens. It’s a way to mint new coins and earn them without trading.

Best Cryptocurrency Mining Software

28. CGMiner

CGMiner is one of the most well-known and widely used mining software in the cryptocurrency community, initially designed for mining Bitcoin. 

29. Claymore’s Dual Ethereum Miner

Claymore’s Dual Ethereum Miner is a popular mining software specifically designed for mining Ethereum and other Ethereum-based cryptocurrencies (ERC-20 tokens).  It’s known for its efficiency and stability, and it allows users to mine multiple cryptocurrencies simultaneously using the same mining rig.

30. NiceHash Miner

NiceHash Miner is a user-friendly mining software that caters to both beginners and experienced miners. It’s available for Windows operating systems and is particularly popular for its simplicity. Unlike traditional mining software, NiceHash Miner allows users to mine different cryptocurrencies and get paid in Bitcoin. It automatically switches between the most profitable cryptocurrencies to mine, based on the user’s hardware and the current market conditions.

Crypto Tracking and Portfolio Management

If you find it challenging to track your portfolio across multiple exchanges, wallets, or platforms, you’d benefit from this crypto tool.

What are crypto portfolio trackers?

This crypto tool helps you keep track of historical transactions, the live prices of coins, and the value of your investments in real time. Some will also help you store your crypto on a separate hardware wallet.

How this tool helps:

By knowing the actual live price of your cryptocurrencies, you can make quick and guided trades throughout the day and maximize the potential of your investments. You can also think of these crypto tools as crypto analysis tools because of the information they provide. 

Best Crypto Portfolio Trackers

31. Delta

Delta offers a multi-asset investment tracking app that helps you manage your entire investment portfolio and track its real-time performance.

32. CoinStats

CoinStats helps you monitor your crypto and DeFi investments across different exchanges and wallets so you only use one dashboard for everything.

33. CoinTracking

This crypto tool accomplishes two functions at once: portfolio tracking and tax calculation.

Crypto Trading Bots

Take advantage of the best market prices by trading 24/7 using crypto trading bots.

What are crypto trading bots?

Crypto trading bots are automated software applications that execute trades on behalf of users based on predefined trading strategies and parameters. These crypto tools interact with cryptocurrency exchanges through APIs, allowing them to access market data and execute trades without manual intervention.

How this tool helps:

With this crypto tool, you can respond quickly to market movements and remove emotional biases from trading decisions. To set it up properly, you need insights from a crypto analysis tool.

Best Trading Bots

34. 3Commas

3Commas offers features like smart trading terminals, performance tracking, bot presets, and social trading.

35. Gunbot

Gunbot provides a customizable and flexible trading experience by allowing users to create custom strategies using the bot’s extensive parameters and indicators.

36. HaasOnline

This crypto tool offers a drag-and-drop visual editor that simplifies the process of building trading bots without requiring extensive coding knowledge.

Conclusion

Crypto trading and investing are exciting ventures for those brave enough to absorb the risks. With the right research, knowledge, and crypto tools, you can navigate the market successfully and harness the unlimited potential of your digital assets. 

By leveraging the crypto tools described above, you can enhance your trading strategies, minimize risks, and optimize your investment opportunities.