If you think forex day trading is volatile and commanding attention, think crypto trading. Crypto markets don’t sleep, and they were the most lucrative in 2020. Their 2021 potential is exponential, but the problem for most investors is tracking the Mega Big Data generated.
Crypto markets are rich with coin diversity, and DeFi is making projects to move at unprecedentedly fast paces. As an investor, you can’t seem to catch up with all the developments, crippling you with FOMO.
It’s relatable if you are wondering the best way to track the value of your crypto assets. Well, your crypto wallets should hold different cryptocurrencies, and investors prefer wallets that link to select exchanges.
A reliable wallet should have the capacity to contrast market data on leading exchanges. It should determine the real-time value of your various digital assets. The tracking ability of wallets integrates through websites, apps, or different software that interoperates with price changes of assets on different preferences.
For example, some data APIs are suitable for regular traders and unnecessarily risky for long-term asset holders. Moreover, some profile trackers are suitable for small-scale traders and incomprehensive for diversified scale traders.
Despite the diversity of utility, investors should seriously consider the following aspects in any cryptocurrency data API:
- Security: safety is a big concern, and your portfolio tracker should emphasize securing your assets. Since these APIs link to your wallet and select exchanges, they expose your assets via possible data leaks. Always insist on integrated multi-layer encryption and two-step factor verification.
- Straightforward User-Interface: cryptocurrency data APIs are supposed to make your investment decisions easier and less stressful. Just a glance should impress you with the current value of your fungible and non-fungible assets.
- Wide Coin Range: crypto markets are diversified with thousands of digital assets, but you can’t invest in them all. Different portfolio trackers specialize in their ranges for various target niches. Prefer APIs that accommodate your appetite and specialization when it comes to diversified investments.
So, let’s have a look at the 6 crypto data APIs that you should definitely check out.
Crypto Pro
Crypto Pro is ideal for users on iPhone, Apple Watch, and Mac for tracking the value of assets in your wallet. It integrates with your preferred exchanges. Moreover, the iCloud syncing empowers you with TouchID and FaceID lock to enhance your safety and protect your funds.
The candlestick charts with indicators make the interface clean and easy to interpret. This service also offers premium, advanced notifications on market developments empowering you with reliable insights to drive viable investment decisions.
The API allows you to customize widgets and track all your assets of interest. For extra user-privacy, Crypto Pro doesn’t track your user data, and no one is interested to know your favorite trading patterns.
Moreover, all data is encrypted and stored locally on your device. All you need is to allow the app to send price alerts and market notifications.
Binance: Best Overall
This is the best cryptocurrency data API for frequent traders who indulge in all major assets. This service doubles up as a reliable, decentralized exchange that offers free services. Binance beats the odds by delivering an appealing user interface despite all the information it packages.
Since Binance was hacked, it upgraded security protocols, and it imposes two-step factor verification to diminish risks. Still, Binance is limited for frequent traders, and long-term investors should hold and track assets with safer APIs.
LunarCRUSH for Social Listening
This app supports web browsing, and it tracks the prices of thousands of assets. It collects social posts on crypto markets and has cataloged over 100 of them. The classification process is supported by artificial intelligence, and the User Interface displays them in captivating metrics. You won’t get better access to social insights on crypto markets.
Social influencers and the opinion of major players in DeFi and traditional finance affect demand-and-supply forces. Therefore, you can tell when select assets are heading for bullish or bearish trends. Best of all, LunarCRUSH offers real-time price alerts and market-oriented notifications.
CoinMarketCap
This app does more than offer standard market data, going an extra step with the “Gainers and Losers” aggregated news feed. CoinMarketCap doesn’t charge for the extra data, analysis, and qualitative insights.
You can evaluate your assets for on-chain activity, liquidity, and risk. However, the free plan limits your calls per month. This app is great for individual investors and small-scale businesses, but it isn’t ideal for intense development purposes.
This price-prediction model is a favorite among CoinMarketCap users who track their prices in real-time. The only reason it doesn’t top this list is that Binance acquired it.
CoinStats
CoinStats allows you to sync your wallet with over 100 exchanges and other wallets. It provides for easy syncing across Binance, Coinbase, and other platforms for price metrics.
This app allows you to track the price of your bitcoins and other assets. It is specialized for different browsers, including:
- Desktop.
- Web.
- iOS.
- Android.
- Apple TV.
KryptoGraphe for Insightful Investments
Knowing your assets’ worth is a cliché with this API. You can access ad-free premium versions for $4.99 monthly, and you can get personalized investment pointers. KryptoGraphe will contrast your trading positions with those of others trading your capital level and preferred coins.
You can get a gamified feel that sharpens your skills, keeping you updated with the most relevant, innovative trading techniques. This app also allows you to integrate two exchanges on free mode, and you can also enjoy:
- Up-to-date market news.
- Simplified, comprehensive metrics.
- Investing insights.
Parting Shot
Crypto markets are as diverse as they are volatile. You can reap profits and interests by trading actively or investing passively. While you can’t invest in all digital assets and trade on all exchanges, you need easy-to-interpret data on all of them. Remember, great opportunities are precious, and you need to discern them the moment they exist.
You can either track your crypto portfolio manually or rely on the suggestions we’ve just listed. They’ll help you make quick and witty calls for your yield farming and liquidity bids. We’d also like to know which cryptocurrency data APIs you rely on and why you think they are great for trading within your niche in DeFi.
