Crypto markets are always changing, so it is a good idea to use a market scanner to help you make the right decisions. However, if you are new to buying and selling cryptos, the first few months can be difficult. It is because you have to manually analyze price movements and understand the markets.
You don't have to worry about trying to find the best time to trade. A crypto scanner can help you spot when there is movement on different crypto exchanges. This way, you will know when prices are changing and you can trade accordingly. To learn about the best crypto scanners, read our reviews below.
What is a Crypto Scanner?
A crypto scanner is a tool used by traders to monitor the movement of various digital assets. Most traders and investors see these shifts as signals from the market and proceed accordingly.
By using this tool in your day-to-day strategy, you'll be able to make better decisions. It could turn losses into profits or even open up new opportunities.
Also, the best crypto scanner lets you keep track of a variety of data, such as the price and trading volume of an asset. Usually, these tools have alerts that tell users about market-changing movements in a way that traders can profit from.
If you rely on technical indicators like the relative strength index (RSI) and Bollinger bands, crypto scanners can be a great help.
PROS & CONS of Crypto scanners
They assist in the maintenance of your trading discipline
A fantastic method for reducing emotional trading that can result in losses
Improves market entry positions
It provides real-time price alerts and market data
Some features or services are not free
Not free of blips like downtime
Some platforms may be too complex for new traders to use quickly
How does a Crypto Scanner Work?
With more than 4,000 cryptos available on multiple exchanges today, it is nearly impossible to track coin movement without the right tools. Crypto scanners look through crypto exchanges in real time for moving indicators like price, volume, and RSI.
A crypto scanner shows overbought/oversold RSI coins.
Identify the highest price and volume % change for all times.
Find MACD crossovers on multiple timeframes.
The 6 best crypto scanners in the crypto market
TradingView is the best crypto scanner and has great charting tools that are powerful for experienced traders and easy for beginners. You can share and look at trading ideas with these tools. You can conduct research using its real-time data and browser-based charts from any location; no complex installations or setups are required. TradingView can help you with anything from checking the most recent prices to analysing complicated price trends.
The platform has numerous pre-built studies, 50+ smart drawing tools, and market analysis tools. Trading alerts could not be more versatile, compelling, or simple to use. Cloud-based, accessible from any device, and backed by Pine Script, you will never miss a trade.
TradingView is connected to dozens of data feeds with unfiltered access to Bitcoin and other cryptos. When you add professional news and financial data, you get unmatched coverage. Thus, it all makes TradingView the best crypto scanner in the market.
Ease of use
Customizable and versatile
Powerful charting tools
Can be overwhelming for beginners
Cointelegraph Markets Pro
Cointelegraph markets pro is the new best crypto scanner that provides crypto traders with all of their needs. The intuitive interface makes it easy for any user level, from professional investors who are looking to make significant profits quickly or people just getting started in the crypto world.
One may learn a lot about crypto by using high-quality token analysis, a friendly Discord server, a scoring tool, and Twitter sentiment. You can make informed decisions with the help of Cointelegraph Markets Pro's data on trading volume, live prices, tweet volume, and more.
For just $99 each month, you have access to detailed research on any asset you could want. You can also use the mobile app to access the system and determine which cryptos are rising and which are falling.
Live prices and tweet volume
No free trial
If you don't want to manage multiple accounts for investing, trading, earning interest, or tracking digital currencies, the Crypto.com app is the answer. It features great options for traders and is the best crypto scanner. The Crypto.com app not only allows you to track large numbers of crypto price movements and price targets, but it also allows you to trade on its full-featured exchange. When compared to Coinbase and other major marketplaces, the exchange's fees are reasonable, meaning you'll save money when making trades.
Apart from being the best crypto scanner, users of Crypto.com can also open interest-bearing accounts to earn interest. Interest-bearing accounts let you get more crypto tokens over time, and the platform's rates are much higher than those of any traditional bank. When you open an account with Crypto.com today, you can earn up to 14% interest on stablecoins and up to 8% APR on other cryptos.
One-stop shop for all your crypto needs
Competitive interest rates
Helpful mobile app
Customer support response time might be improved.
altFINS is a crypto analysis and trading platform that enables users to scan, analyse, and trade a variety of digital assets. The powerful technical analysis tools on AltFINS help crypto traders use trading ideas from different exchanges.
The platform's tools include over 60 different analytics. It includes the relative strength index (RSI) and moving averages (MAs) calculated in five-minute intervals. These helpful indicators apply to thousands of altcoins and crypto trading pairs. You can also use altFINS best crypto scanner to create your own screening criteria and save your custom files.
Features for advanced technical analysis
Multiple data feeds
Easy-to-use mobile app
Free users have access to fewer features.
Messari is another best crypto scanner tool that is great for novices and professionals in the crypto space. It contains diverse tools and presents a great deal of information in an easy format.
Messari provides charts showing a coin's one-hour range, volume, 24hr range, market cap, all-time high/low, and more. You can also learn about the coin's history and basics on its profile page.
Besides that, you can see which exchanges it trades on and how much the trading price is at every exchange. It can be useful for traders looking for trading opportunities. The coins are carefully selected and are the top moneymakers in the crypto market with a reasonable trading volume.
Messari's chart shows coins' stats and data. It analyses and measures a coin's price, market size, volatility, volume, and other elements for a technical analysis-based view. Thus, it explains the coin's condition and prospects to traders and investors.
A variety of information and metrics are available
Detailed task analysis
Organized and intuitive user interface
Updated news and events are listed
It's not free.
Altrady is also the best crypto scanner on our list. It is a relatively simple platform that lets users screen and trade digital assets on all exchanges. Thanks to the platform's real-time market data, you'll never miss a trade.
Altrady's trading analytics help you make better trading decisions and reduce your risk. You can trade, monitor markets, and manage assets across multiple exchanges using this all-in-one platform. Moreover, Altrady's portfolio manager allows you to track the growth of assets across several exchange wallets.
The base scanning tool provided by Altrady facilitates the discovery of profitable entry points in the crypto market. Its algorithm's spot price drops 24/7. Just wait for crypto alerts on your desktop or mobile screen to buy or sell.
What's more that makes Altrady the best crypto scanner is that Altrady offers a 14-day free trial, after which you can choose from 3 plans: Basic for $17.64 per month, Essential for $35.34 per month, and Premium for $53.04 per month.
Multiple customization tools.
Hotkeys and journaling let investors record trades and progress
Videos teaching how to use its popular features
The monthly price is in addition to the usual broker fees.
New users may be overwhelmed
How to use a crypto scanner to improve your trading strategy
There are different ways that you can use a crypto scanner. The most common way is to use it for market research. You may use the scanner to see which coins are most traded and undervalued. These details help boost trading strategies.
Another method to use the scanner is as a trading tool to locate new trade opportunities. Some scanners have trading features. It can help you take advantage of market potential. Crypto scanners can send you price alerts so you can be alerted when a certain price is reached.
Finally, the best crypto scanner also allows you to monitor your portfolio. It can be a great way to keep track of your progress and make sure that you're on track to meet your goals.
Crypto Scanner vs. Crypto Screener
The terms cryptocurrency scanner and crypto screener are frequently used synonymously, however, they do not always refer to the exact thing. A crypto scanner is tool traders use to spot and track the activity on exchanges involving one or more cryptos and provide alerts on the same. Crypto screeners let you filter crypto assets based on specified metrics to find the best trading opportunities.
Both a crypto market scanner and screener can assist take the uncertainty out of crypto trading.
Tips for beginners who want to start investing in cryptos
Crypto scanners might be useful for all cryptocurrency traders. But if you are new to crypto trading, there are a few things you should know before you use one.
First, know the risks of crypto trading. There's a chance you'll lose money, so don't invest more than you can afford. Consider reading our blog on how to become a crypto trader, or know when to Sell Crypto?
Second, do your own research before investing in any cryptocurrency. Crypto scanners can be helpful, but you shouldn't rely on them alone when investing. Staying active in the crypto market is also vital to practice thus staying up to date on Crypto is beneficial.
Finally, remember that crypto markets are volatile. Don't get overly tied to any position; be ready to take profits or losses as the market moves. Strategies such as Dollar Cost Averaging help to reduce the risk.
Are there free Crypto Scanners available?
Yes. You can use multiple crypto scanners without signing up for a subscription. Regrettably, this may come at the expense of fewer features.
How do Crypto Scanners help investors?
Crypto scanners help investors by providing actionable data and insights on the best times to buy or sell a cryptocurrency. It helps investors maximize their profits and minimize their losses.
Do cryptocurrency scanners support the ETH/USDT pair?
Most cryptocurrency scanners support the ETH/USDT pair. Cryptolume, for example, supports ETH/USDT pairs for Binance, Binance-US, and Coinbase.
What are the features of a good Crypto Scanner?
A good crypto scanner should have a clean and user-friendly interface, support multiple exchanges and pairs, and provide actionable data and insights.
Crypto scanners are a great way to keep tabs on your portfolio, spot market opportunities and track the prices of different cryptocurrencies. They can also help you stay up-to-date with what's going on in the crypto world by providing news alerts or other events affecting these markets.
Before investing any money in crypto, be sure that the crypto scanner has all of your needs covered. Some best scanners are better for research and others have more trading features; there are also free or paid options available depending on what you need from it.
I hope this article has helped you understand the best crypto scanners and how they work. Before investing in any crypto asset, regardless of which crypto scanner you use, you should always conduct thorough research.