Trading cryptocurrencies is a popular way to explore the financial market today. Crypto trading has developed from covering just a few crypto pairs to having hundreds of pairs with more listed daily. You can buy ETH, BTC, or other cryptocurrencies to start trading and store your profits. Crypto trading also requires good trading skills and the right apps to become profitable. Choosing the right crypto apps is just as important as learning how to trade, but it’s easier considering the knowledge you need. Here, you’ll learn the best crypto apps for 2022/2023 to help you trade and store your cryptocurrencies.
Best apps for crypto storage
You can choose to store your cryptocurrencies in a hardware wallet or a software wallet. Two of the most popular non-custodial wallets are:
Trust Wallet
Trust Wallet is arguably one of the most common cryptocurrency wallet apps. It’s popular thanks to its easy-to-use design and functionality. Trust Wallet allows crypto storage and offers decentralized finance (DeFi) access. The app supports hundreds of wallets and dozens of blockchains, has low transaction fees, and standard security features. Trust Wallet is one of the best crypto apps for 2022/2023, with millions of users and downloads. The app is free for everyone and enjoys regular updates to improve performance and security.
MetaMask
MetaMask wallet is a relatively new software that has grown in popularity thanks to its features. MetaMask offers web and social integrations, allowing users to connect their cryptocurrency accounts across various platforms with a single click. With MetaMask, crypto traders can quickly and easily send, receive, and store their assets. MetaMask is a Web3 wallet with standard security features and a navigable platform.
Other crypto wallets include CoinWallet, FreeWallet, Ethereum Wallet, Exodus, and CoinGo. Non-custodial wallets are best as they give users full control of their private keys and passwords.
Best Apps for Crypto Analysis
Crypto traders often perform analysis to get the best entry and exit prices and develop strategies to maximize their trading performance. There are many important platforms for analyzing the crypto market.
TradingView
TradingView is easily the most commonly used analytical platform, thanks to its multifunctional features and advanced tools. TradingView offers sophisticated charting and analytical tools such as indicators and drawing tools. Its best feature is the integration of dozens of trading platforms and brokers, enabling traders to connect with their brokers directly and enter trades without leaving their TradingView dashboard. TradingView helps traders make better analyses using premium tools available in different subscription packages. Most traders find the free version useful enough, but many others choose to pay for any of the three premium packages. Traders can customize their charts and indicators and set price alerts on TradingView.
Best Crypto Data Aggregators
Price and related data are crucial to trading financial markets. Most traders like to compare prices across exchanges and keep track of market conditions. Data aggregators are platforms that combine data from different exchanges, brokers, and markets, to provide traders with important information in an organized and easy way. There are dozens of data aggregators, but CoinmarketCap and CoinGecko are easily the most popular apps for crypto traders.
CoinMarketCap (CMC)
CoinMarketCap is a platform that provides history, live prices, and fundamental news for cryptocurrencies. Crypto traders using CMC have the added advantage of monitoring price aggregates across different exchanges and seeing live changes as they occur. CMC also integrates TradingView live charts and crypto ranking based on factors such as popularity, market capitalization, and gains or losses. Traders can track the performance of their favorite assets by seeing live data. CMC also shows the newly listed crypto assets across exchanges and provides a social hub where crypto traders can interact. Traders can create a watchlist of their assets to monitor prices.
CoinGecko
CoinGecko works in a similar way to CMC, as a data aggregator. Traders have access to live market data and asset ranking. CoinGecko also provides data on market capitalization and current news. Although similar to CMC, CoinGecko provides free crypto trading education and also the creation of watchlists. The charts are sorted by market capitalization and price with TradingView integration.
Best Crypto Tax Software
Cryptocurrency taxes are now common in several countries. In addition, profits from crypto trading may be subject to capital gain taxes. Calculating your crypto taxes may seem easy, but tracking your tax across all assets in your portfolio may be complex. Crypto tax software helps traders keep their books and file taxes with ease.
Koinly
Koinly is an all-in-one crypto tax software that integrates with hundreds of exchanges and wallets, making it easy for traders to calculate and file taxes where they apply. In addition, Koinly allows automatic tracking and exportation of tax reports. There are free and paid plans with different features. All plans, however, allow tax generation and filing.
Trading crypto successfully requires skills, the right tools, and proper account management. The software mentioned in this article is commonly used to analyze, monitor, and store cryptocurrency assets. Therefore, any crypto trader will find them useful to their trading performance.
