In this crypto trading tools guide, we’ll mainly focus on Moralis – the premier on-chain trading indicator. Moralis leverages on-chain data in real-time, giving your true market alpha. As such, with this tool, you can easily find the next big crypto.
Just look at some Twitter testimonials of happy Moralis users already using this tool successfully:
If you’d like to try Moralis yourself, make sure to check out the “Moralis – A Must-Have Tool for Crypto Trading” section. Also, at the end of this article, you can take this tool for a test drive using an interactive widget!
List of Top Crypto Trading Tools in 2023
In the following sections, we’ll take a closer look at the top crypto trading tools in 2023. We’ll cover a variety of different tools, ranging from the #1 on-chain trading indicator Moralis to the cryptocurrency exchange Binance.
In doing so, we’ll give you an overview of the different categories of crypto trading tools, such as on-chain analytic platforms, exchanges, Web3 wallets, portfolio trackers, etc., and present some of the top alternatives for each category.
These are the seven tools we’ll explore:
- Moralis
- TradingView
- 3Commas
- Koinly
- DustSweeper
- MetaMask
- Binance
So, without further ado, let’s jump straight into it, starting with Moralis!
Moralis
Moralis is the premier on-chain trading indicator and a must-have among the top trading tools in 2023. Moralis utilizes real-time, unbiased blockchain data to give you true market alpha. As such, it has never been easier to find tokens before they pump!
Moralis has three core features:
- Token Explorer – With Token Explorer, you can effortlessly generate a dynamic list of coins fit for your altcoin trading strategy in just a few clicks.
- Token Alerts – Token Alerts allow you to set up email notifications based on unique search parameters. In doing so, you can quickly act on emerging opportunities even when you aren’t in front of your screen.
- Token Shield – Token Shield provides a security evaluation for each coin. As such, this feature protects you from rug pulls and exit scams.
However, along with Token Explorer, Token Alerts, and Token Shield, Moralis also has much more to offer. If you’d like to learn more about Moralis, join us in the ”Moralis – A Must-Have Tool for Crypto Trading” section further down below!
TradingView
TradingView was founded in 2011, and it’s a prominent charting platform and social network for crypto investors and traders. The platform supports the most significant financial markets, including cryptocurrencies and tokens, across multiple blockchain networks. Some examples are Ethereum, BNB Chain, Polygon, Solana, etc.
TradingView helps you view different charts, create your own formula, access data for analysis, test trading strategies, and more. Overall, TradingView aims to help simplify investment decisions by offering sophisticated analytics tools.
3Commas
3Commas is an online trading platform for crypto enthusiasts created in 2017. The platform aims to provide users with automated trading bots to handle trading operations without supervision.
3Commas offers several features, and the most popular one is its trading terminal: Smart Trade. Through this feature, you can connect to several cryptocurrency exchanges like Binance at once. This allows you to make trading decisions on multiple exchanges simultaneously, all while using the 3Commas interface.
Apart from Smart Trade, 3Commas also acts as a modern-day trading bot and portfolio balancer, helping traders worldwide make the most out of their trades.
Koinly
Koinly is a crypto portfolio manager helping you keep track of your finances, and it works well for both beginners and advanced users. Through Koinly, you can keep track of your cryptocurrencies on multiple exchanges and stay aware of what tokens you have in your portfolio.
Koinly also provides charts and graphs based on your crypto holdings and market movements, making it easier to make informed trading decisions. This portfolio tracker also helps you generate tax reports, but for a feature like this, you need to become a paying customer.
DustSweeper
It’s common for Ethereum mainnet users to have low-balance tokens in their wallets. This is often an effect of old trades – users trying out apps during times of low gas cost or airdrops. Moreover, they generally want to sell these for ETH to clean their wallets, but gas prices are generally high for swapping on, for instance, Uniswap. That’s when DustSweeper enters the equation!
DustSweeper enables you to swap small balances of tokens called ”dust” for ether without the drawbacks of expensive gas costs. You approve the tokens you want to trade, and then ”market taker bots” takes care of the rest.
MetaMask
MetaMask is a prominent cryptocurrency wallet enabling you to store ether and other ERC-20 tokens. In combination with storing assets, MetaMask also allows you fully manage your holdings. With this Web3 wallet, you can buy, swap, and sell cryptocurrencies.
MetaMask also allows you to interact with decentralized applications (dapps). Accordingly, this Web3 wallet acts as a gateway to an extensive ecosystem of dapps and DeFi platforms.
Binance
Founded in 2017, Binance is an industry-leading cryptocurrency exchange. Furthermore, Binance has a strong focus on altcoin trading. This exchange offers crypto-to-crypto trading in hundreds of cryptocurrencies and tokens. Some prominent examples are BTC, ETH, DOGE, and their own native BNB token.
In combination with cryptocurrency trading, Binance also offers a bunch of services enhancing the experience for cryptocurrency traders. A great example is their crypto wallet feature, enabling traders to safely store their crypto. Also, the exchange supports services for users to earn interest and programs for miners.
Beginner Tools for Crypto Trading
In crypto, there’s a wide variety of crypto trading tools, many of which can be quite advanced. For instance, a tool like 3Commas – where you can backtest automated trading – can be somewhat overwhelming for a beginner. Fortunately, if you’re new to crypto trading, you don’t need to deal with any unnecessarily complicated tools!
In fact, all you really need to trade crypto is a Web3 wallet, an exchange, a token explorer, and crypto analysis tools. But which ones should you go for?
First of all, you need a cryptocurrency wallet to hold your assets. Here, a good option is MetaMask – the most prominent wallet provider on the market. However, other great examples are Coinbase Wallet and Trust Wallet.
Along with a Web3 wallet, you additionally need an exchange where you can buy the tokens you’re interested in. Here, two great examples are Binance and Coinbase.
Finally, you also need a token explorer to find promising altcoins and an on-chain analysis tool to determine if they are suitable investments. For this, we recommend Moralis, where you can both find the next 1000x crypto or 100x meme coin and simultaneously analyze tokens with real-time data and charts!
So, what is Moralis? And how does this tool work?
Moralis – A Must-Have Tool for Crypto Trading
Moralis is an industry-leading on-chain trading indicator, presenting unbiased blockchain data in an understandable and readable format to give you true market alpha. With this crypto analysis tool, you can stay one step ahead of the market and find new crypto coins before everyone else!
Moralis has three central features:
- Token Explorer – With Token Explorer, you can now seamlessly find tokens before the masses, whales, and cryptocurrency sites like CoinGecko. What’s more, through 15+ unique search parameters, you can find specific coins you’re after.
For instance, let’s add the Coin Age and Experienced Buyers metrics to find new coins gaining traction from other crypto traders:
- Token Alerts – When you have created a custom filter, you can set up email notifications appertaining to your query with Token Alerts. In doing so, you’ll get notified whenever new tokens matching your preferences emerge.
To do so, start by saving your custom query. Next, go to the Moralis homepage, locate the filter, click on the bell button, and add the required inputs:
- Token Shield – With Token Shield, you get clear and concise security evaluations of each token. Simply look for the shield symbol, and you can effortlessly protect yourself from rug pulls and exit scams:
Nevertheless, with an overview of Moralis, let’s dive deeper into an example of how you can leverage the premier on-chain trading indicator to become a successful crypto investor!
How to Use Moralis Crypto Trading Tool
In this section, we’ll demo some of the most prominent features of Moralis. Specifically, we’ll show you how to find tokens, analyze if they’re suitable investments, and how you can track your progress using the portfolio tracker feature!
Finding Investment Opportunities with Token Explorer
The first thing you’ll want to do is find gems fit for your altcoin trading strategy. However, the tokens you’re looking for might vary from person to person. Fortunately, with Moralis, this doesn’t matter, as we can leverage the dynamic Token Explorer feature.
With Token Explorer, you get a selection of 15+ unique search parameters:
- Coin Age
- Security Score
- Fully Diluted Valuation
- Market Cap
- Liquidity
- Holders
- Buyers
- Experienced Buyers
- Sellers
- Experienced Sellers
- Net Buyers
- Experienced Net Buyers
- Social Media Metrics
- Price Percent
- Total Value
- Buyers Volume
- Sellers Volume
- Net Volume
You can combine any metrics above to create your own search query. In doing so, you can target the exact tokens you’re looking for. To demo this, let’s search for newly minted coins with a high security score gaining traction from experienced buyers.
To do so, let’s start by adding the Coin Age metric:
Next, let’s narrow our search further by also including the Security Score and Experienced Buyers filters:
As you can see, it’s easy to generate a dynamic list of altcoin gems when working with Moralis. From here, you can replace or add any metrics to make the query even more unique!
Analyzing Tokens
Generating a list of altcoins is just the first step. From here, you also need to determine whether they’re good investments or not through crypto data analysis. To give you an example, let’s look closer at the top result: the REFUND token.
To analyze this coin, you simply need to click on the token, and you’ll be taken to its token page:
On the token page, you can read about the token, explore alpha metrics, view price changes over time, trading charts, and much more. As such, with Moralis, you get information regarding each token based on irrefutable, on-chain data, allowing you to make more informed investment decisions.
Once you’re done analyzing, you can also click on the ”Buy” button if you decide to invest:
Tracking Your Portfolio
Finally, once you have loaded up with some interesting tokens, you can use Moralis to track your crypto portfolio. To do so, click on your profile at the top right, followed by ”My Wallet”:
This takes you to our token tracker, where you can view your assets. The token tracker features two tabs:
The first tab displays your fungible tokens; meanwhile, the second tab displays your NFTs. What’s more, each tab also shows you the total value of your portfolio:
So, with this tool, you can keep track of how your tokens are performing!
Next Steps for Crypto Trading
Now that you’re equipped with the best crypto trading tools and know how Moralis works, you might want to take your trading efforts to the next level. If this is the case, then check out the articles below:
You can also educate yourself further by enrolling in one of our Moralis Academy courses. For instance, check out ”Program Trading Algorithms” or ”Master Technical Analysis” to become a more proficient crypto trader.
Lastly, you might also want to consider the Moralis Pro plan. With the Pro plan, you can supercharge the features of Moralis and start trading like a professional. By subscribing, you get narrower timeframes for all search parameters, can save up to five alerts, access a private Discord server, and much more!
If this sounds exciting, sign up for our seven-day trial today by visiting our pricing page and clicking on the ”Start a 7-day trial here!” button:
Summary – Top Crypto Trading Tools in 2023
Today’s article explored the top crypto trading tools in 2023. In doing so, we covered everything from Moralis to the cryptocurrency exchange Binance. More specifically, these are the seven tools we provided an overview of:
- Moralis
- TradingView
- 3Commas
- Koinly
- DustSweeper
- MetaMask
- Binance
The examples above are all great tools; however, among them, Moralis stands out as the must-have alternative!
Moralis has three main features:
- Token Explorer
- Token Alerts
- Token Shield
What’s more, did you know you can boost these features with the Moralis Pro plan to start trading like a professional? With the Pro plan, you get access to a private Discord server, save up to ten custom queries, get narrower timeframes for all metrics, and much more!
At the moment, you can subscribe to the Moralis Pro plan at a discount. So, please take the opportunity before Bitcoin hits $40,000, as this is when we’ll increase the price. If you go for it now, we’ll honor today’s price for as long as you stay subscribed!
