5 Free Crypto Charting Tools You Should Be Using

Image Credit: Ai825/DepositPhotos

If you have any hopes of making a profit from trading crypto, you’ll need to use a charting app. The best crypto charting apps provide many different types of charts, hundreds of technical indicators, drawing tools, comparison tools, and a whole lot more.

Of course, if you want all the features, you need to be prepared to pay a monthly subscription. However, lots of pro charting apps also have a free tier. Unless you’re a full-time trader, the free plans should be sufficient.

So, here are the best free charting apps for crypto. Keep reading to learn more.

1. TradingView

TradingView is the world’s leading charting tool. In addition to crypto, the app also provides charts for equities, FOREX, futures, and indexes.

Almost all the well-known charting experts on Twitter use the app for their work—and for good reason. It offers lots of different chart types (including line, candlestick, spread, Renko, Kagi, line break, and PNF), more than 50 drawing tools, price scaling, and hundreds of technical indicators.

You can add server-side alerts for your indicators, drawing tools, and price. Everything is customizable (from the background color to the font), and there’s support for paper trading. You’ll even have access to a full-featured crypto screener and customizable watchlists.

And TradingView is undoubtedly the charting app with the best community. Not only can you follow other traders to see their published charts and ideas in your feed, but the app also has its own programming language called Pine. Experienced traders can use it to make their own indicator scripts and share them with other users.

The free version of TradingView has some restrictions. You can only save one chart and open one chart per in-app tab, there are no customizable timeframes, and you can only add a maximum of three indicators per chart. The free account is ad-supported.

TradingView is available on the web, Android, and iOS. If you want more features, the paid plans start at $12.95 per month.

2. Coinigy

If you only trade crypto and have no interest in other forms of investments, you might find the sheer volume of content on TradingView to be too much. Instead, why not check out Coinigy? Unlike TradingView, it is solely dedicated to crypto.

Aside from the variance in focus, perhaps the most significant difference between the two services is the number of integrated exchanges. By using API keys, you can trade directly on more than 45 crypto exchanges (including Binance, Bitfinex, BitMEX, Deribit, Huobi, and Gemini) without leaving the Coinigy interface. In contrast, the only crypto exchange that TradingView supports is Poloniex.

In terms of charting tools, Coinigy offers 75 technical indicators, alerts (via SMS, email, and browser), a way to find cross-exchange arbitrage opportunities with ArbMatrix, and even a proprietary tool that spots Bitcoin trading setups automatically in real-time.

Other tools offered by Coinigy include Google Sheets integration for custom portfolio analysis and a crypto ticker for Chrome and Firefox.

The free version of Coinigy restricts the number of APIs you can use, the number of chart layouts available, and the maximum session length. Paid plans start at $18.66 per month.

3. CryptoWatch

The popular crypto exchange, Kraken, owns CryptoWatch. Fair warning—the interface is considerably more confusing than both TradingView and Coinigy. If you are a beginner, we’d advise giving this one a wide berth.

For more knowledgeable users, however, the app is a great tool to have in your armory. It lets you monitor and analyze more than 500 assets on all the major exchanges. You can create custom views for the assets and exchanges you care about, and there are dozens of technical indicator overlays, all of which are available in the free version.

The paid plans introduce even more features. They include the ability to trade directly on Kraken, Binance, Coinbase Pro, Bitfinex, Bitstamp, Poloniex, and Bittrex from within the CryptoWatch portal, a way to build custom tools using the live WebSocket API, and automated trading using a Zapier integration.

Paid plans are available from $15 per month.

4. CoinTracking

CoinTracking is another of the best crypto charting tools, but it’s so much more than that.

In addition to charting, the app can also generate real-time reports on profit and loss, tax, portfolio value, and unrealized gains. You can directly import your portfolio from many of the top crypto exchanges, including Coinbase Pro, Binance, Abra, BitMEX, Huobi, and YoBit for maximum integration.

The app supports more than 6,500 crypto assets; no matter how niche the altcoin you’re interested in, CoinTracking will also certainly have the necessary tools. As you’d expect, there are dozens of technical indicators you can add to charts to aid your analysis, but the app lacks the community-driven indicators of TradingView.

CoinTracking is free to use.

5. Use an Exchange

Many of the leading crypto exchanges offer built-in charting features. Sometimes they are in-house creations (such as those found on Binance); sometimes they are provided via a TradingView API (such as the charts on Bitfinex).

Of course, they lack the extensive features of a dedicated crypto charting app, but if you’d rather do all your work from a single app, they’ll fulfil most people’s needs.

Which Is the Best Crypto Charting App?

Although CryptoWatch and CoinTracking have their benefits, the two standout crypto charting tools are TradingView and Coinigy.

The best feature of TradingView is the community indicators, whereas Coinigy specializes in direct trading on exchanges. You need to decide which of those two features is most important to you before you’ll be able to determine which is the right charting app for you.

If you would like to learn more about trading crypto, make sure you check out our articles on the best fundamental analysis indicators and the best crypto index funds.

Disclaimer: This is not investment advice. Bitcoin and other cryptocurrencies are highly speculative. Nothing is guaranteed in cryptocurrency. Always perform your own research before investing and never commit more money than you are comfortable losing.

We earn commission if you purchase items using an affiliate link. We only recommend products we trust. See our affiliate disclosure.



Leave a reply

Your email address will not be published. Required fields are marked *

You may also like

Bitcoin and Cryptocurrency Wallet