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How many times have you seen a price rally just after your Stop Loss triggered and closed your position?

This is how large players, aka Whales, shake weak hands and panic sellers. They buy low just before a trend reversal while sellers are too scared to jump back in the market.

As this happens frequently, we developed another tool to protect your trades – The Stop Loss Timeout setting.

The Stop Loss Time-Out function is available in both Bots and Smart trade:

While some traders lose, others gain when whales shake weak hands and clean Stop Losses, especially around major Fibonacci levels

How to protect your Stop Loss during rapid trend reversal

Problem How many times have you seen a price rally just after your Stop Loss triggered and closed your position?...

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We have repeatedly viewed the growth of interest towards the crypto market from both ordinary citizens and institutional investors. What if you also decided to buy some crypto? Where should you go? Whom should you contact? In this article, we will review popular ways to buy cryptocurrencies with fiat, including the ones we personally use. The materials provided in this article are not endorsements of any particular platform.

A couple of years ago, it wasn’t easy to find a centralized exchange providing an opportunity to buy crypto with fiat, except for those that operated in the US market, such as Coinbase. However, as the popularity of the crypto industry grows, more and more reputable exchanges incorporate fiat onramps into their structure.

Binance, for example, partnered with Koinal to add the possibility of purchasing cryptocurrencies with fiat through credit and debit cards in September 2019. Right at the start, one could buy BTC, ETH, LTC, XRP, and BCHABC using Visa and Mastercard for quite a large fee of 2.5%.

Currently, Binance works with Paxful and offers the ability to purchase 18 cryptocurrencies accepting 54 fiat currencies, making the popular exchange one of the most convenient for those who want to start trading right away. KYC is mandatory to take advantage of the service.

P2P (peer to peer) exchanges have been and still remain one of the most popular and deep-rooted ways to buy cryptocurrencies. This type of service involves placing private announcements about the purchase or sale of cryptocurrency, the choice of the appropriate exchange rate, and exchange conditions. The most popular P2P exchange in the world at the moment is Localbitcoins, with an overall weekly trading volume averaging at $40 million. Localbitcoins provides an opportunity to purchase Bitcoin in 240 countries.

There are other popular P2P exchanges such as Bitzlato, which offers to purchase 7 major cryptocurrencies in 28 countries, and Localcryptos, a decentralized analog of Localbitcoins with an extended variety of cryptocurrencies.

It is worth additionally mentioning that in September 2019, the “People’s Exchange” Binance also launched convenient P2P exchange functionality on its platform that helped to attract a significant part of the P2P exchange market.

The distinctive characteristics of the P2P exchange market are the increased commission and exchange rate variance from country to country, as well as the risks of the participants’ unfair behavior. Therefore, the matter of guarantees is paramount when choosing a platform, just like rating each individual cryptocurrency seller on the platform. Due to the necessity of increasing precautionary measures, most P2P platforms followed the example of the exchanges, and have introduced mandatory KYC.

Due to the growing demand for cryptocurrencies overall and crypto-settlements in particular, many online multi-currency wallets and payment systems started to provide opportunities to exchange cryptocurrencies for fiat. PAYEER and Advcash are worth noting among the popular solutions. Exchange commissions in such services are often overpriced.

Some time ago, offline terminals for selling cryptocurrencies began popping up in different cities around the world. However, this method quickly lost its popularity due to expensive maintenance, high commissions, and excessively long delays associated with receiving cryptocurrencies upon purchase. In addition, the purchase of cryptocurrencies on the streets is fraught with certain physical risks.

Private offline exchanges have been and remain one of the most popular ways of purchasing crypto with fiat. Due to their structure, these businesses benefit from a huge shadow turnover. Such offline services are offered in many large cities around the world for those who need to exchange a particularly large amount, or wish to avoid taxation. Such services offer fairly attractive exchange rates, but this type of acquiring crypto involves very high risks. Needless to say, that due to the huge number of intermediary schemes and scammers actively trapping in this market, you can be left with no money at all. If you decide to use this method, you must be 100% confident in the reliability of the service provider.

Whichever method you choose, remember that purchasing cryptocurrency with fiat is often fraught with risks, and scammers who want to possess your funds, are always somewhere there, especially in a poorly regulated cryptocurrency market. Therefore, carefully check the exchange options and transactions for phishing links, ratings, and trustworthiness of sellers and buyers and make your choice in favor of well-known platforms with transparent mechanisms and guarantees.

Where to Buy Crypto With Fiat

We have repeatedly viewed the growth of interest towards the crypto market from both ordinary citizens and institutional investors. What...

An increasing number of institutions are entering the crypto market. Also, considering the resounding advice on diversifying your assets, cryptocurrency portfolio tracking apps are on the rise. A portfolio tracker can make a huge difference even for investors holding crypto long term, not to mention, those trading on a regular basis.

We can see many emerging platforms using technology, just like the ones available in other asset classes. Let’s look at the differences between them and determine which ones are the best.

A cryptocurrency portfolio represents a collection of investments a trader owns across different types of crypto assets. For example, when a trader owns ten coins and tokens, they collectively comprise their portfolio.

A portfolio reflects the trader’s/investor’s style, risk tolerance, and key components of their market strategy. Investors normally go for several established currencies in order to hold them and perform a limited activity with them. Alternatively, day traders will have less stability in their portfolio.

The first steps to build your portfolio are all about the planning:

Determine how you will allocate your funds.

Decide which cluster of the crypto industry to get into.

When you are ready to make investments, you need to:

Study details relevant to your cryptocurrencies of choice.

Start purchasing – however, this is a complicated topic for another time.

Then you need to maintain your portfolio. Cryptocurrency portfolio apps and trackers allow you to view your assets in various wallets and on exchanges. Even though you can manage to monitor your assets by visiting your wallet and exchanges directly, it can be a hassle. So, if you want to avoid unnecessary actions, cryptocurrency wallets with a tracker or a platform with wallet synchronization can save a lot of time and effort.

Here are top portfolio trackers with a deep dive into their functionality so you can get insights into which ones would best fit your needs.

With over a million downloads and raving reviews, Delta has proven itself as another leading crypto portfolio tracking and management app. It shows a clear overview of profits/losses and runs fast with minimal server downtime.

Charts with coin analysis, volume, market cap, etc.

Separate portfolio tracking feature and a watchlist

Advanced price action alerts for both trading pairs and single coins

Delta Direct – a convenient communication tool for crypto projects

Integration with Medium, Steemit, RSS blog, and Twitter channels

Account Recovery – restoring the app to the last known state using generated dynamic recovery code.

If you purchase the Delta Pro, which is $60-80, you get access to these functionalities:

Creating and managing up to 10 different portfolios

The tracker is useful for low to medium-level traders, especially mobile-based. Even though you get ample information about your assets, portfolio tracking is structured into a compact set of features.

BlockFolio has an immense reach of over 5 million people using it to manage their cryptocurrency portfolios. There are 400+ teams on Blockfolio Signal, including teams and leaders from Monero, DASH, NEO, Ethereum, NEM, ZCash, 0x, etc.

There are zero ads and no hidden costs, and you get the following set of utilities:

Real-time Blockfolio Signal updates and pricing into Slack groups

Multiple portfolios divided into separate categories

Automatic updates between your portfolio and crypto exchanges

Data recovery and transfer if a device gets replaced or stolen

Latest crypto news feed from social media and crypto publications

It is probably not the best choice for full-time traders due to manual transaction entries. However, the available functionality is more than enough for more casual traders wishing to perform transactions very quickly and efficiently.

This tracker is far more than just a spreadsheet of portfolio information. CoinTracking makes sure you make an informed decision by offering a range of features:

Connection to popular exchanges using API

View of historical price data from the last 10 years

Real-time trade profitability and set price alerts

There is also an experimental price prediction feature, which may prove to be very useful in the future. But it is too early to tell how accurate they are.

The prices for Pro or Unlimited plans range between $65 to $1090 (or an equivalent amount in cryptocurrency).

You can visit the CoinTracking official channel for short tutorial videos.

CoinTracking is aimed at more serious cryptocurrency investors and full-time traders. It works well when you plan on holding cryptocurrencies for a long time. However, the best use for the tracker is for regular buying/selling.

In addition to standard crypto tracker functionality, Cryptocompare offers cryptocurrency wallets comparison, mining guides, reviews, news, analytics, and a lot more. Many people call it an entire crypto ecosystem.

The platform’s most notable features are:

Options to make portfolio public or private

Shows realized profit/loss and total revenue

Cryptocompare is a one-stop solution for new and infrequent users. However, more experienced traders may find its functionality and overall user experience rather incomplete for their needs.

The app has not been on the market for a long time. However, it’s managed to achieve a decent level of success through the availability of these features:

Existing mobile or hardware wallets integration

Real-time profit, loss, and percentage growth or decline

Portfolio view by coin, exchange, and period

List of top coins by market capitalization

KryptoGraphe offers an interesting feature of portfolio comparison. You can see the percentile performance of other traders using the same platform or even the top cryptocurrency investors.

The basic plan is free. Premium and Gold cost $4.99 and $6.99 monthly. The differences are in sync exchanges, portfolio limits, coin watchlist, alerts, and tax reports.

The KryptoGraphe app is still somewhat hard to position. What is now known is that it performs all of the necessary functions that a crypto management platform should. It will be easier to see what kinds of traders it suits as new functionality is added.

Choosing a cryptocurrency tracker is a personal matter because different apps and programs suit different traders. That said, there are some standard criteria, which the app needs to meet. These qualities include:

Affordability – our reviewed trackers offer free versions, which is vital. You shouldn’t be forced to purchase a service you have not tested. It is also important that the costs of Pro versions remain affordable in case users need to access added functions.

A range of available coins and exchanges – there is no reason to have a tracker if it can’t handle your complete digital asset portfolio. Check if the app connects to all of your coins and exchanges to have a one-stop solution.

Advanced functionality – the tracker should have additional useful features on top of all the basic functions.

Safety and security – the decentralized nature makes cryptocurrencies hard to trace. Therefore, the stakes are high, and the platform needs to have two-factor authentication and multi-layer encryption at least.

Clear layout – the flow of your actions should be seamless. With just a few clicks, you should be able to see how the value of your portfolio changes or find the value of each coin.

With these criteria in mind, here is an overall rating on the best cryptocurrency trackers currently available on the market.

How Long It Takes to Build a Crypto Portfolio

There is no set timeline that everyone follows in terms of building their crypto portfolio. In theory, you can build a portfolio in a day. However, most of the time, people take a longer route in order to achieve more sustainable results – usually six months to a year.

In other words, you either find a profitable opportunity to seize instantly or wait until there is another drastically good one. In the latter case, it may be a huge drop in the price of a top currency. Regardless, you will start building your portfolio once you purchase the first cryptocurrencies.

There are several processes that are worth spending time on:

Research on currencies, exchanges, trading and tracking platforms

What Coins to Add into a Cryptocurrency Portfolio

There are thousands of coins to choose from. Here is how you can simplify the process of deciding which coins to purchase. Before purchasing a coin, ask the following questions:

Is it technically secure and sound? There is no need to explain this point.

How many actual users are there? The success of a coin can be overhyped in the media.

What exchanges accept the coin? Being listed on reputable exchanges is a good sign.

Does it have intrinsic value? There should be something that backs up that named crypto.

Is it managed by some defined entity? Complete decentralization is not necessarily a good thing because someone should be held responsible.

If you spread out your portfolio across coins with different use cases, you can decrease the risks associated with trading cryptocurrencies. Below are just a few examples to give you a general idea of the types of currencies available on the market.

If you want to generate earnings, here are important points to keep in mind after building a portfolio:

Regularly check the situation with Bitcoin. Most altcoins have some degree of dependency on the Bitcoin price.

Categorize your assets and look at the bigger picture. If you have a few different categories of coins (which is preferable), you increase the chances for success.

Turn your mistakes into learning opportunities.

Use any tools that you need. Don’t be discouraged from using automated tools, tracking instruments, etc. even if they seem confusing at first.

Don’t get greedy. Maintain a reasonable approach – sometimes it is better to pull out while you have some profit instead of risking it all.

If you follow the rules and build your portfolio correctly, you don’t want all that effort to go to waste. The ability to view and analyze your assets in a separate space, going from research to execution, has great value for your trading activity.

Take control of your investment portfolio with a cryptocurrency tracker. Here are the best crypto portfolio tracker apps to keep everything in a unified interface.

How to protect your Stop Loss during rapid trend reversal

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