Let's explore Exchanges and CoinGecko's Crypto App. Essential functionalities for a Cryptocurrency tool

in hive-175254 •  3 years ago 

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Exchanges

Coingecko provides access to the main exchanges in the market, either: Spot, DEX or Derivatives.

The importance of this feature is that the Exchanges are ranked by confidence level, something extremely important when trading or selecting an exchange wallet to start trading.

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Just select the "Exchange" tab and select the type of exchange that suits your trade (Spot, DEX or Derivatives).

It provides a full description of the selected Exchange and access to the official site if you wish to open an account or otherwise, if you already have your own wallet.


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For this case I will explore the Spot or spot market where most short, medium and long term traders converge.

In the first place is Binance as the most quoted exchange with the largest number of open trades in the market. It should be noted that it is important to know the capitalization of a financial services company, as well as the operational activity to validate that we are in a reliable site with absolute liquidity.


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As we can appreciate in the two previous graphs all the information we need is at hand, be it the most traded cryptos in the Exchange Spot (According to this example), which are organized by market capitalization.

On the other hand, we have that the Binance confidence level indicator is "10" or the maximum score and direct access to the official platform is also available.

All this influences as a trust generator so that the customer can find everything he needs in one place. Coingecko adapts to the user whether: Beginner or advanced trader, the "Exchange" features are available with all the details.


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The DEX Exchanges are organized by trading volume in the last 24 hours, unlike the Spot Exchanges which are organized by confidence level.


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Derivatives Exchanges are available on Coingecko with all the features similar to the Spot and DEX Exchanges, with access to financial products specific to this type of market.


I should stress that for accessing DEX or Derivatives Exchanges the process is exactly the same as the example outlined in this section. I have chosen to explore the Centralized Exchanges corresponding to the Spot market because it is one of the most used in trading.

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Coingecko's Crypto App

This app provides the most traded cryptocurrency market data for the user to monitor their assets from their mobile device.

It is available for Android and iOS via Android APK, App store and Google Play.

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It has a list of more than 400 available exchanges, as well as access to the portfolio and widges that can be customized for quick and convenient access.

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Coingecko's Crypto App also offers a crypto converter for calculations, News and customizable translator for various languages.

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According to my own criteria this application is a great advantage because it acts as a real-time information facilitator of the crypto market and allows to track the ongoing operations, as well as, to make financial decisions from anywhere and at any time without depending on a computer.

I would personally recommend it to short term traders or workers who have to be in different real world locations and cannot rely on an office or desktop computer.


Final thoughts

Coingecko offers a wide range of must-have products and features for exploring the market and initiating trading operations. Coingecko's Crypto App, brings a complete portfolio overview as well as customization tools and links to top exchanges organized by trust level.

Everything is possible to control from a mobile device running Android and iOS operating systems. After exploring these two new features of Coingecko you can get a broader view of the technology and potential the platform has in terms of scalability and adaptability aspects of the blockchain.

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@nachomolina2
Original content

Venezuela
2021


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Hello @nachomolina2, This is a great tutorial with valuable information that you have left us, until now I only used Coingecko to see the price of some tokes in the market, I did not know of its great profits.

Thanks for sharing.

Greetings, @tocho2! Thank you for evaluating. I'm glad it was useful to you.

Greetings friend, i appreciate your effort concerning this article.. Let me say this " tools are useful when you have two or more different coins on different exchanges. This means that you can carry out different trades and also access different exchanges at the same time."

Ok

Thanks for evaluating @benie111. Your comment is a great contribution to the content of this post!