Cryptocurrency tools:
Dealing with digital currencies requires a set of tools, some of which are necessary for basic dealing, and others provide additional features or are used for specialized purposes. Here are some of the most important tools:
1. Cryptocurrency Wallet:
Basis: Used to store and manage your digital currencies.
Types:
Desktop Wallets
Mobile Wallets
Hardware Wallets
Web Wallets
The choice depends on: the required level of security and ease of use.
2. Cryptocurrency Exchanges:
Basis: Platforms for buying and selling digital currencies.
The choice depends on: fees, supported currencies, security, user interface.
Some of the most popular exchanges: Binance, Coinbase, Kraken, KuCoin.
3. Price Trackers sites:
Basis: Used to track cryptocurrency prices in real time.
Additional features: analytics, alerts, charts.
Some of the most popular sites: CoinMarketCap, CoinGecko, TradingView.
4. Block Explorers:
Basis: Used to display details of transactions on the blockchain.
Information: transaction status, fees, addresses.
Useful for: verifying transactions, understanding how the blockchain works.
5. Mining Tools (Mining Hardware & Software):
Basis: Dedicated to mining digital currencies.
Hardware: Powerful graphics cards or dedicated ASIC devices.
Software: Used to configure hardware and connect it to mining pools.
6. Technical Analysis Tools:
Basis: Used to analyze historical data to predict price movement.
Includes: charts, technical indicators.
Useful for: Traders who seek to make profits from price fluctuations.
7. Security Tools:
The basis: to protect your accounts and digital funds.
Includes: antivirus software, password managers, two-factor authentication.
Important for: Prevention of theft and fraud.