Photo by Chris Liverani on Unsplash

Cryptocurrencies are still the “wild west” of investing and trading. At BullCryp, we know of forex and penny stock traders who wouldn’t dare use the same leverage in a cryptocurrency setting.

With the unregulated and eclectic nature of crypto, it’s extremely important to DYOR (do your own research) on coins and tokens before investing. We use many different tools to keep track of our investments/trades and to scope out new ones, so we thought that we’d share them with you for our first blog post. Enjoy!

Note: If you’re new to the crypto space, it’s very important to learn the fundamentals of blockchain and how stuff operates. Sounds boring? It may be. But keep in mind, this knowledge will prevent you from losing your funds and allow you to make good judgements on new crypto projects. Blockchain has no reset mechanism and no ability to “reset” — if you lose your funds, you lose them forever.

Note #2: There are many, many more useful tools built around cryptocurrencies, as well as many alternatives to the choices that we’ve selected. The following websites are our preference — we like to minimize the number of tools that we use to reduce clutter, but still maintain a good level of industry knowledge.

1. Market Overview

CoinMarketCap : the “OG” of cryptocurrency market cap overview. They recently received new UI (which is better than before, but still lacking) and their data is easy to read and access. There are a ton of alternative interfaces to CoinMarketCap (such as CoinCodex) but we prefer the real deal.

CoinSpectator : News aggregator site with a decently readable interface. Useful for catching up on the latest news in the space

ICOAlert : For the latest on ICO’s. We’re not big on ICO’s here at BullCryp, but ICOAlert is nicely laid out with good segregation of data and a search functionality.

AirdropAlert : Latest airdrops. Not the best UI but it’s a good enough aggregator of airdrop dates and information

2. Trading

TradingView — Great charting tool that supports most cryptocurrency exchanges. Also has a social component so you can read the analyses of other traders. We take this with a grain of salt

CoinGecko — Similar to CoinMarketCap, but has additional metrics useful for cryptocurrency traders

3. Analysis

CoinCheckup — Numbers-driven approach to analysis. Useful for analysis of certain characteristics, such as Github activity, but lacks analysis of more subjective areas (such as market potential, feasibility)

ICOBench — Clean and easy to read analysis on ICO’s

Koinscore — Uses numerical analysis but also takes into account more subjective areas such as the team’s talent and the feasibility of the idea. Standardized scoring table to make analysis as unbiased as possible

4. Portfolio Tracking

Delta — By far the most innovative portfolio tracking app out there, with support for both desktop and mobile, as well as exchange integration

Sounds like a bit too much? We think so too. Our goal for BullCryp is to aggregate many of these resources into one, easy-to-use platform. We’re still working hard on making this a reality, but one day, we hope that what we’re building is part of your core cryptocurrency arsenal.

Happy investing!