This week’s topic is an interesting and a very necessary one. This because we are to discuss about what crypto tools are. We have being using these tools ever since we were first introduced to what cryptocurrency was. Yet still most of us have little knowledge about these tools.
The crypto tools are what helps us to know what the current state of the crypto market is and also it help us to trade our favorite cryptocurrencies as well.
Below is how these tools is being categorized
Crypto Mining tools: these are softwares or websites in the crypto ecosystem which are specifically meant for the mining of cryptocurrencies. They come in the form of a website and also applications.
Crypto wallet tools: these are the websites or applications that helps us to store or keep and manage our cryptocurrencies. These cryptocurrencies can be stored online or offline with the help of these tools. These wallets provides us with a private key which is meant not to be shared with others for it is the get way to our stored cryptocurrencies.
There is the cryptocurrency portfolio management tools like the CoinMarketCap, CoinGecko that provides us an overview of the crypto market and the various coins. These portfolios shows detailed information about the cryptocurrencies like their total volume, ranks and current rate of the coins in usd.
Lastly, there is the crypto exchanges which helps us to buy, sell and perform crypto transactions within it. These exchanges also allow users inter trade with different cryptocurrencies.
The categorized crypto tools above each have one or two popular tools that helps traders to have a better insight about the crypto ecosystem. Also, these tools helps trader to store, manage and perform transactions, that’s to buy and sell crypto currencies. Some of these tools are listed below
- CoinMarketCap
- CoinGecko
- Binance
- Bitcoin ticker
- Blockfolio
- Delta
Unlike other tools or mechanisms that request a user to either pay before using them or pay after using it for some time. The CoinMarketCap portfolio is no way like that. It is a free portfolio that is made accessible to every single person. All that one needs to do in order to use it, is by getting the application version or by visiting their website.
The CoinMarketCap portfolio provides or displays the most recent data about the crypto ecosystem and also the various coins or cryptocurrencies. This datas or information include the total market capitalization of the crypto ecosystem. The prices of the various coins, their ranks in the crypto world and also their total trading volume. These information are the very key informations or data a trader needs to be always aware of.
There is a always news update about what is happening in the crypto world. Also, there is an available section for users or traders to blog.
The CoinMarketCap homepage or interface is designed to be user friendly. Most especially the application version of it. It has been designed in a way that every user finds it ease and comfortable to use. The navigation in the portfolio are accurate and specific. That’s to say all the navigations and features takes you directly to the exactly location it has been indicated to do. Also, one can customize or make changes within it to fit his personal interest.
- After typing the url of the CoinMarketCap which is Link into the address bar. You are then taken to the homepage of the CoinMarketCap portfolio. As a new user and in order to be perform some work or activities on the platform. You will have to first of all sign up.
So, from the homepage there is some three lines at the top right corner of the homepage. You will have to click on the three lines. After clicking the three lines, a drop down list of menu appears. At the very bottom of the list, there is the option for one to create a new account.
The selected coin will display some useful information like the the total market volume of the coin, charts or graphs about the coin to show the current and past movement of the coin.
The rank of the coin and some past information about the coin is also displayed too.
- At the very top of the homepage of the CoinMarketCap portfolio there is a search bar available there. One can use the search bar to search for any coin or token they happen not to find in the listed coins. You will get some historical and biographical information about the coins you have searched for.
- One of my favorite feature on the CoinMarketCap is the watchlist feature. This is a place or portion in the platform that one can use to list some of his favorite coins in order to keep a watch on them. Even when one is not on the platform, if there is any changes or movement in those listed coins, you are being given a notification about it.
These tools as days pass by happens to becoming more important and valuable to traders.
Which is because they are the tools traders use to keep track of their investment. Also it help them to transactions and to keep their coins safe.
Below are some of the advantages of the crypto tools;
- Most of these crypto tools are made freely, therefore users are not required to buy or purchase them in order for them to start trading.
Most of the developers of these tools have come to the realization that, users are specifically into the crypto world in order to earn some money out of it.
So to spare them with the loss of so much money before being able able to trade they have tried to make most these tools free for the user. Therefore all that the user or trader has to do is for them to utilize those various tools for their research purposes. After which they can then decide to whether invest or not.
Most of the these crypto tools are secure and safe. Due to the fact that people or traders use some good amount money to invest into these cryptocurrencies, it has then become the responsibility of the various tools to keep the money safe, that’s away from hackers.
A good a example is in the case of the wallet whereby you are being given a private key to keep it safe and not to share it with others. Also exchange keep the private keys of their users safe in order to prevent any loss on the platform.The crypto tools provides latest news and updates in the crypto world very often. Also from these latest news and updates, a user is able to know the real time market data or information. That’s the prices of the various cryptocurrencies how the market is currently behaving or how it will look like within some specific period of time.
After we have come to the decision of patronizing this new form of digital monetary transactions, we will then be needing these tools to navigate and explore the crypto ecosystem with the help of these tools. These tools will help us keep track of all our crypto transactions.
Greetings @habdallah It's a very informative and detailed post. You have described very well. It's great to hear that you have a favorite tool among the cryptocurrency tools you listed, and that you have had a positive experience using CoinMarketCap. CoinMarketCap is indeed a popular and widely-used tool in the cryptocurrency space, and it's not surprising that you have found it to be a valuable resource for tracking and managing your assets.Having a favorite tool and a positive experience using it can certainly be a major advantage for traders, as it helps to build confidence and make the investment process more manageable. I hope that CoinMarketCap continues to be a valuable resource for you in the future.
It would be great pleasure for me if you will visit my post as well.
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Yes CoinMarketCap is one of the best and user friendly crypto portfolio tool on can choose or select for better understanding of what is going on in the crypto market
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As always my boss, you have shared another interesting and educative article with us. Crypto tools are designed with security in mind, as they use a variety of methods to ensure your funds and data are secure, including encryption, two-factor authentication, and multi-signature wallets
I'm some cases, these tools also provide users with helpful tutorials and guides to help them become familiar with the different features available. As a result, these tools can make it much easier for anyone to get started in cryptocurrency without having to worry about a steep learning curve.
CoinmarketCap is equally one of .e favourite Crypto tool that can be used to easily track the live prices of various cryptocurrencies and access a historical snapshot of their performance. This allows investors to make informed decisions on their investments.
Thanks for sharing such an interesting and educative article my boss, I wish you goodluck in this contest.
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Thank you big boss for reading my article and for the additional information too. I appreciate that boss
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This is a well-written and informative post about the various crypto tools available in the crypto ecosystem. The categorization of the crypto tools, such as crypto mining tools, crypto wallet tools, crypto portfolio management tools and crypto exchanges, makes it easy for readers to understand their purpose and function. The author's personal favorite crypto tool, CoinMarketCap, is a great example of a comprehensive and accessible crypto portfolio management tool. The benefits of using CoinMarketCap, such as the free access to recent data and news updates, make it a valuable resource for anyone interested in the crypto world. Overall, a great contribution to the weekly engagement contest in the Steemit academy community.
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Hello My Friend @habdallah, I just read your post about the different crypto tools and their uses. It’s really cool how cryptocurrency is changing our lives and the way we do transactions. I’ve been using these tools for a few months now and must say they are an excellent help.
Your description of CoinMarketCap was particularly interesting and informative! I like how it provides users with constantly updated data and enables us to track our investments. Having this level of transparency is essential in any market, but especially so in the cryptocurrency market. The watchlist feature is also something I have found to be quite helpful.
The way you have highlighted the advantages of these crypto tools is certainly impressive too! I had no idea that some were totally free to use or that most were very secure, which is definitely reassuring news. I think knowing the current state of the cryptocurrency market and being able to compare prices and trends of different coins is incredibly useful as well.
Overall, I want to thank you for such a great post and for introducing us to these important crypto tools. Your explanations have helped me immensely and I am sure all other readers would agree. Keep up the great work!
Regards, @fabiha
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Thank dear for taking your time to read my article.
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@habdallah this is a great post about the various crypto tools available in the market. You have nicely categorized these tools into mining, wallet and portfolio management tools and crypto exchanges. You have also listed some popular tools like CoinMarketCap, CoinGecko, Binance, Bitcoin Ticker, Blockfolio, and Delta. You have a personal preference for Coin Market Cap, as you have been using it for a few years now and find it to be a comprehensive tool that provides a lot of information about the crypto ecosystem for free. You have mentioned the benefits of using Coin Market Cap, like its accessibility and the ability to provide real-time data about the crypto market. You have mentioned that there is always news updates available on the platform and users can access charts, data and news related to the crypto world. Overall, the post provides valuable information about the crypto tools and would be useful for people who are new to the crypto world and want to learn about the various tools available. Wish you success in the contest.
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Yes categorizing them makes them better to understand. Thank you for reading my article
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We support quality posts anywhere and any tags.
Curated by : @steemdoctor1
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Greetings my friend @habdallah,
Glad that you took part in this week's contest in this community. You have explained what you think cryptocurrency tools are and the best thing you did is put them in category form.
You have also mentioned about your favorite tool which is CoinMarketCap and you have been using it from past few years.
Then you have shared the step-by-step guide on how to use your favorite tool. I suggest here to explain it more because it will give you extra points. However, you have good grip on this tool.
In last, you have mentioned some of the advantages of using these crypto tools.
Overall, you have done good work just a little presentation is needed else everything is good. I don't want you to take this negatively because I know you have the capability to improve your content and I believe in you my friend :)
I wish you success for this as well as upcoming contest. Stay Blessed :)
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Yes, indeed i did my best to explain things to my understanding. Thank you for the compliment
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Keep it up my friend :)
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You have written a very good article here my friend. The cryptocurrency tools are tools that are design to help traders keep track of their crypto asset and possibly trade their asset when the time arises. Indeed their are numerous crypto tools in the world today of which you have selected coinmarketcap as your favourite.
Coinmarketcap is indeed a very strong tool that is used in the crypto world and as we know this tools gives real time data, historical data, charts, information etc of ny crypto asset present in their website. You get complete details of any coin of your choice that is present in their site. I wish you success in this entry my friend.
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Thank you for taking your time to read my article, also thanks for the additional knowledge
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