Cryptocurrency trading has been gaining massive popularity over the years. As more people become interested in trading crypto, the need for reliable trading and charting software has increased. In this article, we will explore the best cryptocurrency trading and charting software in 2023, their pros and cons, and their price tiers.
The right cryptocurrency trading and charting software can help traders make informed decisions, save time, and ultimately make more profits.
What is a Crypto Trading and Charting Software?
Cryptocurrency charting software is a specialized application designed to monitor the fluctuating prices and trading volumes of different digital currencies.
This tool empowers traders with technical analysis capabilities that help them make informed investment decisions by providing them with useful features such as alerts, trendlines, and comprehensive dashboards.
Things to consider before selecting Crypto trading and charting software
There are several trading software and online platforms available, each designed to cater to traders of varying levels of expertise. To determine the most suitable software for your requirements, take the following factors into account:
- Trading frequency and style: Consider whether you intend to day trade or use the software to facilitate occasional trades as part of a long-term investment strategy. Typically, frequent traders require more sophisticated software tools, which can be more expensive.
- Markets and investment types: Have a clear idea of the markets or investment types you are looking to invest in, such as stocks, ETFs, options, futures, cryptocurrencies, or others. Then, assess the types of investment vehicles the software supports before proceeding, particularly if it isn’t free.
- Cost: Compare the prices of the software tools you are considering and determine how much you are willing to spend on the functionalities you require.
Best Crypto Trading and Charting Software 2023
1. Shrimpy
Shrimpy
Shrimpy is a well-known cryptocurrency charting software that caters to both novice and experienced traders.
Apart from providing advanced charting tools, the platform also doubles as a trading platform where users can execute trades directly from the charting interface. This software also allows users to implement their own trading strategies, adding to its versatility.
Shrimpy’s sleek and modern user interface is a major attraction for many crypto traders. However, some experienced traders may find the software’s lack of comprehensive features to be a downside, especially considering its relatively new status in the charting software space.
Users can try out the software’s demo version to experience its polished user interface and user experience before committing to the full version.
Advantages
- Offers advanced crypto charting tools and technical analysis indicators
- Functions as a trading platform where users can execute trades directly from the charting interface
- Enables users to implement their own trading strategies
- Has a sleek and modern user interface
- Provides a demo version for users to try out the software’s features
- Offers a range of features suitable for both novice and experienced traders
- Supports 19+ exchanges and 13 crypto wallets
- Provides technical indicators and advanced charting tools for analysis
- Features price alerts for monitoring market changes
- Allows for customizable dashboards to fit user preferences
- Manages over $1B in digital assets
- Enables management of the entire crypto portfolio in a single portal
- Allows backtesting of trading strategies based on historical data
- Includes an automated portfolio rebalancing strategy
- Provides the ability to mimic the trading strategies of top investment funds.
Disadvantages:
- Limited customer support options, such as no live chat or phone support
- Limited range of trading features compared to some other more established trading platforms
- The user interface may take some time to get used to for beginners
- Limited features for cryptocurrency traders who prefer to use fundamental analysis techniques
- Some experienced traders may find the software’s lack of comprehensive features to be a downside, especially compared to other more established charting software options.
- Lacks support for margin trading or shorting
- No mobile application available for on-the-go trading
- May have fewer features compared to other cryptocurrency charting software options
Pricing Tiers
Here are the pricing tiers for Shrimpy, based on monthly and annual billing options:
Monthly billing:
- Starter plan: $19 per month
- Professional plan: $79 per month
- Enterprise plan: $299 per month
Annual billing:
- Starter plan: $15 per month (total of $180 per year)
- Professional plan: $63 per month (total of $756 per year)
- Enterprise plan: $299 per month (total of $3,588 per year)
Review
Shrimpy can be an excellent choice for beginner crypto traders who prefer simple, user-friendly charting software with support for multiple exchanges.
While it may have limited features compared to other established charting platforms, it’s worth noting that Shrimpy is relatively new to the crypto charting scene and may add more features over time.
2. Quadency
Quadency
Quadency is a comprehensive cryptocurrency charting software that offers a complete solution for trading and portfolio management to professional traders.
The platform features advanced crypto charting tools, a powerful trading engine, and a robust API for developers.
Moreover, Quadency provides a range of tools for managing crypto portfolios, such as performance tracking, tax reporting, and portfolio rebalancing.
Advantages:
- Offers a comprehensive all-in-one solution for trading and portfolio management
- Provides advanced crypto charting tools and a powerful trading engine
- Includes a powerful API for developers to build custom integrations
- Offers a suite of tools for managing crypto portfolios, including performance tracking, tax reporting, and portfolio rebalancing
- Provides professional-grade features suitable for experienced traders
- Offers a free trial period for users to try out the software
- Provides a combined trading platform and crypto asset portfolio management platform
- Offers advanced crypto trading charts and top-notch crypto trading tools with best-in-class crypto charts
- Features a robust trading engine for a seamless trading experience
- Offers a powerful API with access to public market data and private account data for developers to build custom integrations
- Allows trading on centralized exchanges from a single dashboard with access to over 1500 cryptocurrencies
- Features portfolio analytics for both hot and cold crypto wallets
- Provides automated trading strategies with Quadency Trading Bots
- Has a mobile app for on-the-go trading
- Owns their QUAD token, providing additional benefits to token holders.
Disadvantages:
- The interface may not be as intuitive for beginners
- Some users have reported occasional glitches and slow loading times
- The pricing plans may be expensive for some users
- Some users have reported that the customer support response time could be improved.
- Quadency lacks a desktop crypto charting app, which means users have to access the platform through a web browser.
- The platform does not offer any charting tools for monitoring stock market movements.
Pricing Tiers:
Quadency uses a tiered pricing system and accepts payments in USDC or their own token QUAD.
Quadency has three pricing tiers:
- Express: $49/month (or $39/month if paid annually)
- Pro: $199/month (or $159/month if paid annually)
- Unlimited: Custom pricing based on user needs.
Review
Quadency is an advanced all-in-one crypto trading and portfolio management platform that offers a multitude of features and tools. However, due to its complexity, it may not be suitable for beginners, and it has limited customer support.
3. Cryptowatch
CryptoWatch
Cryptowatch is a well-known platform for charting and trading that allows you to access real-time market data for cryptocurrencies, advanced charting features, technical analysis tools, and news feeds. Additionally, it is accessible on both web and mobile devices.
Advantages:
- Provides real-time market data for cryptocurrencies
- Offers advanced charting features and technical analysis tools
- Includes news feeds for up-to-date information
- Available on both web and mobile devices
- Integrates with multiple exchanges
- Offers customizable alerts and notifications
- Provides historical market data for backtesting trading strategies
- Provides real-time market data for cryptocurrencies
- Offers advanced charting features for in-depth analysis
- Includes technical analysis tools to assist with trading decisions
- Provides access to news feeds for market updates
- Available on both web and mobile devices for convenient access
- Offers access to NFT projects and collections, including market cap, floor prices, assets, and owners.
Disadvantages:
- Some users may find the user interface to be overwhelming or difficult to navigate.
- While Cryptowatch offers access to a wide range of exchanges, it does not support as many as some other trading platforms.
- Cryptowatch does not offer built-in portfolio management tools or the ability to execute trades directly from the platform. Users must connect to an external exchange or trading bot to execute trades.
Pricing Tiers:
Cryptowatch offers a free version with limited features and three paid tiers. The pricing tiers are:
- Basic: $15/month, includes real-time market data for 30+ exchanges, 8 charting tools, and technical indicators.
- Pro: $35/month, includes real-time market data for 50+ exchanges, 22 charting tools, technical indicators, and advanced order types.
- Advanced: $100/month, includes real-time market data for 100+ exchanges, 100+ charting tools, technical indicators, advanced order types, and API access.
Review
Cryptowatch is a robust trading and charting platform for cryptocurrency, providing an extensive array of features and supporting multiple platforms. Nevertheless, some users may encounter difficulties with the user interface.
4. Cryptoview
CryptoView
CryptoView stands out among crypto chart websites for its user-friendly and straightforward charting platform. Not only does it offer a cryptocurrency portfolio manager, but it also functions as a multi-exchange trading platform.
Perhaps the most appealing aspect of CryptoView is that it is completely free to use.
Advantages
- User-friendly charting platform: CryptoView’s charting platform is simple and easy to use, making it accessible to both novice and experienced traders.
- Portfolio management: CryptoView offers a comprehensive cryptocurrency portfolio management tool, allowing users to track their investments across multiple exchanges and wallets.
- Multi-exchange trading: Users can execute trades across multiple exchanges without leaving the CryptoView platform, saving time and effort.
- Free to use: Unlike many other trading and charting platforms, CryptoView is completely free to use, making it accessible to a wider range of users.
- Mobile app: CryptoView has a mobile app, that enables users to manage their portfolios and execute trades on the go.
- Customizable dashboard: The dashboard can be customized to suit the user’s preferences, allowing for a personalized trading experience.
- Advanced features: Advanced traders can take advantage of CryptoView’s advanced trading features, such as order book depth and trading indicators.
- View multiple timeframes
- View multiple exchanges
- Add technical indicators and overlays to their charts
- Save their charts for future reference.
Disadvantages
Some potential cons of using CryptoView are:
- Limited exchange support: CryptoView currently supports a limited number of exchanges, which may not meet the needs of some traders who use less popular exchanges.
- Limited coin support: CryptoView’s coin support may not be as comprehensive as some other portfolio management platforms, which may make it less appealing for traders with diversified portfolios.
- Relatively new platform: As a relatively new platform, CryptoView may still have some bugs and glitches that need to be ironed out, and it may not have the same level of community support as more established platforms.
- Limited educational resources: CryptoView may not offer as many educational resources as some other trading and charting platforms, which could make it less appealing for novice traders who require more guidance.
- No mobile app is available.
- Exchange support is limited to Binance, Coinbase Pro, and Kraken only.
- It provides only basic charting tools without advanced features.
Pricing Tiers:
Users can enjoy a 30-day free trial, after which they will be charged a monthly subscription fee of $29. CryptoView offers three pricing tiers for users:
- Free: This tier is completely free and includes access to all basic features such as multi-exchange trading, portfolio management, and basic charting tools. However, users will have to deal with ads.
- Pro: This tier costs $29.99 per month and includes advanced features such as custom indicators, automated trading bots, and a custom dashboard. Additionally, users on this tier can access premium support and have an ad-free experience.
- Unlimited: This tier costs $99.99 per month and includes all the features of the Pro tier, as well as unlimited API access, no trading limits, and early access to new features.
Review
In general, Crypto View is an excellent choice for individuals seeking straightforward charting tools at no cost. Nonetheless, it may have limitations for some users due to its absence of mobile support and limited exchange support.
Conclusion
Numerous crypto charting software platforms are available, including both free and paid options. The optimal platform for you will depend on your trading requirements and preferences. Regardless of which platform you select, ensure that it provides the features and tools necessary to apply technical analysis to your trading. By utilizing appropriate charting software, you can enhance your crypto trading activities.
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Source: https://cryptoticker.io/en/best-crypto-trading-and-charting-software/