If you want to Buy Crypto
Embarking on the journey to buy crypto and venture into the world of investments can be a daunting task, regardless of your experience level.
That's why we're extending a helping hand by introducing 5 valuable crypto tools and platforms designed to guide you in making informed decisions.
The best part? All these tools are not only effective but also free and user-friendly, even for beginners. So, if you want to buy crypto, whether Bitcoin, Ethereum, or any other cryptocurrency, this blog is tailored just for you.
Etherscan (ONS) – Everything about Ethereum
Etherscan, serving as the official block explorer for Ethereum, acts as an open ledger, providing a comprehensive view of all activities on the network in real-time. It enables users to track current transactions and delve into the specifics of past transactions.
Although the initial layout may not be the most user-friendly, mastering a few essential tricks within Etherscan can yield significant benefits in the long run.
How to use Etherscan?
- You can input any token's address to uncover valuable information, including the number and positions of holders, details about the token's creator and their background, and other real-time metrics related to the project.
- Individual wallet addresses can also be searched, enabling users to monitor whale wallets and other users in real-time.
- The extensive data from Etherscan can be exported to other platforms, forming the basis for in-depth research and analysis.
DefiLlama – Everything about DeFi’s
DeFiLlama stands out as a robust tool for crypto research, encompassing nearly every aspect and continually introducing new features. Serving as a top-tier research tool, DeFiLlama remains entirely free and operates solely on donations.
While DeFiLlama places emphasis on on-chain research, the platform offers a wealth of valuable information across its site. The interface is user-friendly, and we encourage readers to explore it themselves, as different users may find different data valuable.
How to use DefiLlama?
- Monitor the Total Value Locked (TVL) across various chains and protocols to discern the flow of funds in the DeFi space.
- Conduct a comparative analysis of projects competing within a sector, such as liquid staking, by evaluating key metrics like active users, total value locked, and market share.
- Examine upcoming token unlocks that may exert selling pressure on our holdings or present a potential buying opportunity.
- Identify companies that are currently raising funds to consider adding intriguing ones to our radar.
- Assess which projects within each sector offer the highest yields and evaluate the credibility of these projects.
Gas Checker – Check your Ethereum-based transactions Fee in advance
If you've engaged in transactions on Ethereum, you're likely acquainted with gas fees. For those unfamiliar, stories abound of individuals paying substantial amounts, often in the hundreds of dollars, for actions like minting an NFT or acquiring a token during the last bull run.
While there is optimism that gas fees will decrease over time, the unfortunate reality is that they remain highly relevant today, posing a challenge for Ethereum users. These fees are entirely contingent on network congestion, meaning they can accumulate significantly during periods of heightened interest.
Hence, we strongly recommend checking the current gas prices before initiating transactions on the Ethereum network. By doing so and opting for less busy times, you can potentially reduce gas costs by more than 50%, leaving you with more funds for transactions.
Twitter Search (X) – Memes, Crypto News, and everything you need for Crypto Investment
Twitter, now X, may be a hub for memes and entertainment, but many overlook the wealth of valuable information coursing through the platform.
Some of the brightest minds in the crypto space actively share detailed threads on upcoming narratives or project research. Moreover, Twitter serves as an excellent platform to connect with individuals who share similar interests and goals.
One often overlooked feature is the ability to search hashtags and perform advanced searches. Users can search for any ticker symbol preceded by a dollar sign to discover what others on the platform are saying about it. The advanced search function allows users to refine their search based on criteria related to the author or post metrics.
While Twitter can be a treasure trove of helpful information, it's essential to be wary of bots and bad actors. We strongly advise verifying links posted and conducting thorough research before acting on any recommendations from strangers.
WalletGuard – Check the strength of your Bitcoin Wallet and not only
Unfortunately, navigating the complexities of the blockchain makes it a prime target for scammers and hackers. Beyond the risks of protocols being compromised, on-chain users also face threats like phishing links and fraudulent websites.
Lately, scams have become more sophisticated, mimicking the user interfaces of legitimate sites, and hackers even resorting to paying for better search placement on Google. In today's crypto landscape, one can never be too cautious. That's why tools like WalletGuard are indispensable.
WalletGuard serves two primary purposes:
- It provides a clean dashboard where you can assess your wallet's 'health' and ensure it is not linked to any malicious sites or other risks.
- During on-chain transactions, WalletGuard integrates with your wallet, offering insights into transaction details. If you are on the verge of connecting to a fake site or signing a malicious transaction, WalletGuard issues a warning in bold red font.
Dune Analytics – Understand Blockchain data easily
Dune is a powerful tool that transforms vast amounts of blockchain data into engaging and easy-to-understand dashboards. These dashboards are generated by users and exhibit a wide range of variations.
Explore the 'trending dashboards' section on the site to discover emerging trends and explore topics that others find intriguing. These dashboards encompass a comprehensive range of subjects.
Cryptofees – What are the fees for various Crypto Projects?
We appreciate Cryptofees for its simplicity. When we say simple, we mean it's essentially a list showcasing the top revenue-generating blockchains and protocols in the industry. Users also have the flexibility to filter data based on date or other parameters.
The site is direct and serves as a valuable resource for gaining insights into which chains and protocols are actively generating revenue. While fundamentals and metrics are approached differently in the crypto space, it remains crucial to gauge which projects have the potential to evolve into profitable businesses.
DEXTools – Every Token in one space
DexTools empowers you to access charts and crucial information about any token on the blockchain. Whether a token just launched a minute ago or has been around for a while, you can find its information and price action here. DexTools goes beyond by providing details on all trades, public sentiment, and assisting in discovering new, trending tokens.
An additional advantage is the platform's token score. While it doesn't guarantee invincibility, this score can aid in assessing whether a project is safe, audited, or raises any red flags. DexTools is a dynamic platform with ongoing feature releases from the dedicated team.
Summary of Crypto Tools
The mentioned tools should prove invaluable as you navigate through your on-chain journey. Currently, there are numerous highly useful tools available for free. Unless you're an advanced user with specific needs, we recommend avoiding payment for premium offerings.