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The Best Cryptocurrency Tools and Resources for 2020
There are many tools you can access online to make your experience in the cryptocurrency world easier and more efficient. There’s a lot you need to learn if you want to truly understand all aspect of digital currency.
The internet is vast, though, and it can be difficult to sort through your options to find the resources that work for you on all fronts. That’s why we have provided a guide to help you out!
Below, you will find details of a wide range of cryptocurrency tools and resources that are useful for one reason or another. We’ve divided these all up into different sections to make it as easy as possible to find what you’re looking for.
Scroll to the section you need or read through the entire page to discover helpful tools for all facets of the cryptocurrency world.
General Information Sites
When you’re learning something new, having a landing pad of general information is important. You should always have somewhere to turn to that can provide you with helpful information in an easily understandable way.
One of the best resources for a wide range of information is our very own cryptocurrency guide. Here are some others you might find useful, too.
WeUseCoins (www.weusecoins.com) – A great resource for anyone looking to learn more about or get started with Bitcoin.
Cryptocurrency Facts (cryptocurrencyfacts.com/list-of-cryptocurrencies/) – This site details the different types of major cryptocurrency currently in circulation and talks a little bit about each. The list of current cryptocurrencies is very large and changes often, so it might be helpful to use this site in tandem with one that updates at least once a week, like Coinmarketcap (listed below under analysis tools).
Token Data (www.tokendata.io) – This site keeps an up-to-date list of the current tokens as well as their symbol, price, and how new they are.
BuyBitcoinX – ICO Investing Page (buybitcoinx.com/ico-investing/) – Learn all about what an ICO is and how they are used for trading and investing cryptocurrency.
BuyBitcoinX (https://buybitcoinx.com/glossary/) – Cryptocurrency Glossary of Terms – Acclimate yourself with the phrases and words used commonly in the cryptocurrency world.
A quality all-inclusive news site is an important tool for everyone involved in cryptocurrency. It’s a great way to stay up to date on the latest headlines, see the current value of a few major types of cryptocurrency, and some even include some general information on important topics like blockchain.
There are a lot of news sites to choose from, and the decision is ultimately yours to make, but here are a few key elements that we think are important in a news site.
Headline Relevance and Frequency
Take a look at the first 10 or so stories the site provides. Bear in mind that there isn’t necessarily breaking news in the cryptocurrency world every day, but ensure that any major recent events have been covered. Take a look at how often they update.
If the site hasn’t yet covered a major event that occurred in the 48 hours prior, you may want to look elsewhere. After all, you’re going there first and foremost for its news content.
You should also read through a few of the most recent articles they’ve put out and try your best to assess the content. You don’t need a whole lot of prior knowledge on the subject to see whether or not the article is informative and readable.
Real-Time Cryptocurrency Value
The current value of major cryptocurrencies is considered news, as it is closely monitored by a lot of people. If the site provides a real-time look at the current values of the most popular coins and tokens, that is a major plus. But be sure to judge the value-tracking aspect of the site and the news aspect together.
There are a number of high-quality news sites that aim to be your one-stop shop for everything cryptocurrency.
Coindesk (www.coindesk.com) – This site is sure to be your new most recently-visited bookmark. It provides major headlines about cryptocurrency from all over the world; a comprehensive education guide for Bitcoin, blockchain, and Ethereum; a value tracker of the 5 most popular cryptocurrencies; and an email subscription option to keep you up to date on the latest breaking news.
Cointelegraph (https://cointelegraph.com/) – Cointelegraph covers everything you could possibly ever need in the world of cryptocurrency. From general current events to blockchain information, it has been providing content to its readers since 2013 and is now one of the most trusted Bitcoin news sites on the internet. They even have an app in the Android store!
Bitcoin Magazine (https://bitcoinmagazine.com/) – Perfect for anyone who operates in Bitcoin in any capacity, this site was one of the first sources for Bitcoin and cryptocurrency information.
Value Tracking and Analysis Tools
The cryptocurrency market is extremely volatile, meaning the value of each coin fluctuates often. Value-tracking tools come in handy for anyone who owns cryptocurrency, and they are especially handy for people who own more than one type. With the click of a button, you can obtain the real-time value of dozens of different coins.
The tools you might find to be the most helpful and inclusive are dependent on what your personal needs and priorities are when analyzing and tracking the value and path of your chosen coins.
For straightforward and beginner-friendly sites, check out the following.
Coinmarketcap (https://coinmarketcap.com/) – This site lays out the current rankings of most every cryptocurrency on the market, its market cap, price, volume, circulating supply change in 24 hours, and a chart of its path over the last 7 days.
OnChainFxM (https://onchainfx.com) – Though it may look daunting at first, OnChainFx is similar to Coinmarketcap but includes more customizable features and some alternate information. It shows you the rankings, current value, percent change in 24 hours, and the market cap. But it also includes things like the Y2050 marketcap, supply percent used, and the top gainers and users of the day.
If you’re a cryptocurrency user that frequents exchange sites, check out this site.
Cryptowatch (https://cryptowat.ch/) – This site, created by Kraken, gives real-time updates to the current value of your chosen coin and also gives you a look at the current value in different exchanges. Cryptowatch exists for the user to find the best potential opportunity to make money on a trade and shows the currency not only in USD but also in terms of Bitcoin and other foreign legal tenders.
For a visual representation of the market, check out these websites.
Coin360 (https://coin360.io/) – This site separates the coins into category by protocol, and not only does it give a visual of the popularity of different coins illustrated by size, but it also shows you its change in 24 hours using color. For a deeper view of a specific coin, scroll over the box, and you will see a chart of its path, current value, change in 24 hours, and market cap. This is a great, albeit less organized, option for those who find the traditional sites like Cryptowatch and Coinmarketcap too complex.
Sifr Data (http://www.sifrdata.com) – If you are interested in analytics, this is definitely a great site to check out. You can find correlation graphs, a volatility index, chart of average returns, trend graphs, and more on this site, so it’s ideal for anyone who has a mathematical mind and prefers visuals to raw numbers.
Investment and trading is a big part of the cryptocurrency world, but it can be difficult and scary to navigate. These sites are the ones that you’ll visit every day to keep an eye on the market, research new coins, and learn more about the business of investing and trading cryptocurrency.
Here are some useful sites for everyday charting and stats.
TradingView (https://www.tradingview.com) – This site isn’t cryptocurrency-specific but does have a tab that shows you how a handful of major cryptocurrencies are doing on the market. They provide charts ranging from 1 day to 5 years or their max timeline, which helps both current and future investors keep track of its path.
LiveMarketCap (https://livemarketcap.com/portfolio) – This site makes it easy to keep an eye on your investment portfolio. You can add the coin you use and the amount you own, and it will show you its current price and change in 24 hours. It’s a great tool to use daily.
Investing.com (www.investing.com/crypto/) – Again, not a crypto-specific site, but it does list the top cryptocurrencies, their symbols, price in USD, market cap, volume in 24 hours in USD, total volume in percent, and its change in both 24 hours and 7 days.
For ICO investing, take a look at these websites.
ICORating (https://icorating.com) – ICOs are a risky investment, but this site helps weed out the scams and unstable coins to give you your best option for investing. Each ICO is listed with its industry, date it was formed, their goal and what currency their goal is in, and their rating. The rating refers to how much information there is about the ICO and how it ranks with their independent investment audit.
ICOStats (https://icostats.com/) – This is a site where you can track the performance and current statistics of ICOs.
Cryptocurrency and social media have fused in a relatively unsurprising way, with people of all different experience and success levels coming together to share ideas. But that isn’t always a good thing.
It’s important to follow people who are exactly who they say they are in terms of reputability.
We’ve chosen a few for you to look through that have proven themselves trustworthy and knowledgeable.
There aren’t a ton of tools online specifically for crypto security, but you can find a lot of resources that help you arm yourself against hacking, scams, and bad sites.
Many people learn from the bad experiences of others, so any real-life example or experience you might find is a helpful tool in your arsenal.
Badbitcoin (www.badbitcoin.org) – This site aims to cover the scams in the Bitcoin and Litecoin world. With everything from fake mining to pure scam sites, you should remember to check this site before you sign up for anything new that you are feeling unsure about.
Cryptocurrency Security (https://heimdalsecurity.com/blog/cryptocurrency-security-how-to-safely-invest-in-digital-currency/) – This page, provided by Heimdal Security, gives real-world experiences and incidents revolving around crypto security. It can help you to steer clear of certain situations and help you get through them if you find yourself in their midst.
Safe Cryptocurrency Exchange Tips (https://inhomelandsecurity.com/safe-cryptocurrency-exchanges-tips/) – This is a great site for anyone thinking about or currently using cryptocurrency exchanges. There are a number of risks that go along with their convenience, and knowing what the risks are can help you navigate through them safely.
YouTube is a great way for potential and current cryptocurrency users to connect and share stories, experiences, and advice. You may have to try out a few different channels to find the person that you click with and that has content relevant to you.
These are a few of our favorites.
Data Dash – Nicholas Merten, otherwise known as Data Dash, deals in cryptocurrency trading. He provides content 5 times a week, talking about current crypto events, coins to watch, trading, interviews, and live talks.
Crypto Lark – He’s similar to Data Dash but provides a different voice and some different insights and market predictions.
CryptoDaily – If you enjoy humor, sarcasm, and general goofiness along with your daily news and crypto information, this channel is definitely for you. He posts videos every day about the current crypto news, market predictions, and even a few cryptocurrency-themed music videos.
Chris Dunn – Chris Dunn is newer to the cryptocurrency video scene but has been making YouTube videos for a long time. He puts out quality videos about trading, market predictions, general crypto information, and news. He doesn’t post as regularly as the others, but he is definitely a great channel to follow.
Crypt0 – Another channel that combines entertainment with information, Crypt0 brings you nearly everything you could ever want from a cryptocurrency YouTube channel. If the interviews, news, market predictions, and the odd crypto giveaway aren’t enough to pull you in, his upbeat and infectious personality will be.
As you go through our recommendations, YouTube will give you a list of recommended videos on the sidebar of whichever one you are watching. We definitely encourage you to explore other creators to find one that you really like and trust.
There are a lot of print and e-book resources you should check out as well! Books on both broad and scaled-down aspects of cryptocurrency are a great tool to have and can provide alternate experiences, viewpoints, and ideas.
(Links provided are to the book’s Amazon page, but if you run its title through a search engine, you should find alternate sites for purchase.)
Mastering Bitcoin for Dummies – This is helpful if you are planning on working only with Bitcoin or if you started out with a different coin and want to figure out how to navigate the popular coin.
The Age of Cryptocurrency – This book is an interesting read for even those who are not interested in getting involved in cryptocurrency directly.
Cryptocurrency and its technologies are ever-changing and growing, so keep in mind that if you buy a book from a few years ago, you might not be getting the most accurate and up-to-date information.
Training Courses and Helpful Wikis
There is no shortage of information available online for anyone who really wants to get a 360-degree view of the cryptocurrency world. Online training courses and wikis are another way to expand your horizon and learn more about the market.
Bitcoin Wiki (https://en.bitcoin.it/wiki/Main_Page) – This wiki page was created and is maintained by the Bitcoin community and is a comprehensive guide for everything you could ever want to know about Bitcoin. The page is easy to read and broken up into categories and is perfect for current or prospective Bitcoin users.
Khan Academy – Bitcoin (www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it) – Similar to Udemy, Khan Academy is a site dedicated to online training courses. This particular course is all about Bitcoin.
Bitcoin Knowledge Podcast (www.bitcoin.kn/) – An episodic Bitcoin education class that you can listen to at the gym, in your car, or anywhere else you can access the podcast.
Bitcoin and Cryptocurrency Technologies – Princeton University (www.coursera.org/learn/cryptocurrency) – This course is structured like a traditional class, with graded assignments.
Introduction to Cryptocurrencies and Blockchain (www.udemy.com/introduction-to-cryptocurrencies/) – This is a free course hosted on Udemy that goes over the technical and economic perspectives of the blockchain technology, the financial implications of cryptocurrency, the legalities, and much more.
Cryptocurrency Trading Explained (www.udemy.com/babtrading/) – Another free course hosted on Udemy that goes over what you need to know in order to successfully trade on an exchange, it details the security measures you should take, some terms you should know, and gives a few recommendations for the best exchanges to use.
Cryptocurrency: What You Must Know (www.udemy.com/cryptocurrency-all-you-need-to-know/) – A crash course in cryptocurrency that will take less than an hour of your time. You’ll learn everything you need to know in order to begin your cryptocurrency journey.
Tools and Apps for Buying/Selling Cryptocurrency
Buying and selling cryptocurrency is one of the most popular ways for beginners to get involved, and there are many tools and apps to help accommodate and facilitate an easy and successful experience.
Most buying and selling is done on exchange sites, which individually have their own sites and apps, but there are a few tools that you can use outside the exchange to track current value of your coins.
Delta Portfolio App (https://getdelta.io/) – Available both on desktop and mobile, this tool allows you to track your portfolio anywhere.
CoinCap (https://coincap.io/) – CoinCap allows the user to track the market cap, price, volume, and available supply of their chosen coin or coins. It’s available for ready use on your internet browser, but they also offer an app for on-the-go information.
Forums and Discussion Sites
Forums are the perfect platform for discussing cryptocurrency and can be incredibly helpful for a huge number of reasons. You have the ability to get opinions and experiences from people all over the world regarding specific sites and exchanges, tools, and news to name a few.
There are a large number of forums to choose from, but we have highlighted a few for you to consider.
Bitcoin Forum (https://bitcointalk.org/index.php?board=77.0) – This site is a hybrid of a forum and a news site. It allows members to discuss hot topics in the Bitcoin world in an organized way, which is an extremely valuable tool.
r/Cryptocurrency (www.reddit.com/r/CryptoCurrency/) – For anyone who has ever used Reddit, you’ll know that it is essentially a discussion forum with different categories raging over an array of topics. The r/Cryptocurrency page is great for cryptocurrency users of all different degrees of experience.
CryptoCompare (www.cryptocompare.com/forum/#/coin) – This forum splits the discussion up by coin and has a tab to discuss specific exchanges as well. It’s a great option for anyone who is bothered by the chaotic nature of some of the other forums out there.
Mining Tools and Resources
If you are looking into starting cryptocurrency mining or have just begun and need some resources to turn to, we’ve got you covered.
One of the biggest dilemmas that miners experience is trying to figure out if mining a coin will be profitable in the end, but luckily there are lots of online tools you can use to help you out.
BitcoinWisdom (https://bitcoinwisdom.com)– This straightforward site is split up into Bitcoin, Litecoin, and altcoin categories for you to see what the most profitable option is for you (based on USD and CAD). It shows the change and volume for that day, in the last 24 hours, last 7 days, and last 30 days, along with the exchange.
CoinWarz (www.coinwarz.com/cryptocurrency) – This site ranks cryptocurrencies from most to least profitable (per day) and illustrates not only the exact revenue profit but additionally provides charts for difficulty showing the difficulty level over the last 14 days, estimated coins, exchange rate to BTC, and the exchange volume.